“We are spending more money than we have ever spent before, and it does not work. After eight years, we have just as much unemployment as when we started and an enormous debt to boot.”
-US Treasury Secretary, Henry Morgenthau
Guess when Morgenthau wrote that?
May of 1939
Even mainstream economists have been forced to recognize today that socialist policies don’t work when it comes to reviving a failed economy. They have never worked. They only lead to far greater misery and disaster.
The following article, written by economist Dr. Aubie Baltin, is fantastic piece on the pending destruction that awaits us in the near future:
I forget who first said it, but it was, “A $ million here a $ million there, pretty soon we are talking about real money.” It took approximately 20 years before it became “A $ billion here a $ billion there…..” and it wasn’t very long before “A $ billion … “became “A $100 billion…” Now, virtually overnight while no one was watching, it’s become “A $ trillion here a $ trillion there…” Are we still talking about real money? And are we still not looking? We are certainly not trying to do anything about it.
International markets are forming major Bearish Topping Patterns. A warning that a Worldwide Cataclysmic Economic and Stock Market collapse is directly ahead.
Thanks to the endless barrage of Government feel-good propaganda, most citizens have no idea how disastrous the country’s fiscal, monetary and economic problems truly are. Nor do they perceive the rapidly increasing risk of a totalitarian nightmare descending upon the American Republic. According to the Federal Reserve’s most recent report on wealth, America’s private net worth was $53.4 trillion as of September 2009. But at the same time, America’s debt and unfunded liabilities totaled at least $120,000,000,000,000.00 ($120 trillion), or 225% of the people’s net worth. That comes to $389,610 from each and every citizen. And that’s not counting State, County and Municipal debts and deficits, which are additional and already elephantine in many states (e.g., California, Illinois, New Jersey and New York) and still growing at alarming rates nationwide. In addition to the Federal Government, dozens of states are already bankrupt and sinking deeper into the morass every day.
more at link.
The markets today are nothing more than a smoke an mirrors act being pumped up by no-volume trading and voracious computer algorithms that bid selected stock prices up into the stratosphere. There’s nothing behind it and the money being pumped in is coming right out of the Fed’s (and hence the tax payers) pockets.
We are being led like a lamb to the slaughter. The criminal banking cartel you call the Federal Reserve Bank is moving to intentionally destroy this country and its currency. If we don’t force them to stop immediately, we will find ourselves facing the exact same situation as the Weimar Republic or Zimbabwe: hyper-inflation and a destroyed country.