The Gross National Debt



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A Government Big Enough
to Supply Everything You Need
is Big Enough to Take
Everything You Have...
The Course of History Shows
That as a Government Grows,
Liberty Decreases.
~ Thomas Jefferson
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The Fed Sings A Woeful Song

    The Fed's Board of Governors are now playing "Nearer, My God, to Thee" as our economy, the USS Titanic, quickly sinks into an ocean of money and credit which the Fed created to fuel speculation, to create frothy asset bubbles and to cover up the long gash ripped into the hull of the USS Titanic by free trade, globalization, off-shoring and outsourcing...  And when the USS Titanic goes down, as planned by the despicable Illuminati, just about everyone, including most of the evil Illuminati themselves, are going down with it as the whole financial world gets turned upside down, with the political and social worlds becoming topsy-turvy on a global basis shortly thereafter.   The Illuminati had meant to make a stealth attack on the USS Titanic, but it has quickly turned into a suicide mission that will suck them all down with it!       

    It seems fitting that many of these Illuminists will get to play financial suicide bombers seeing as how they have funded the suicide bombers of Islamic terrorism that have been used to create and to justify the phony "War on Terror" to scare Americans into giving up their precious constitutional freedoms which our Founding Fathers tried to guaranty and enshrine in the US Constitution.  Our Founding Fathers succeeded in placing many of our cherished freedoms in the Constitution, but our bought-and-paid-for government simply ignores its terms while the ignorant sheeple yawn as if the abandonment of our Constitution were some sort of ho-hum event!  After all, why should they object?  They have no clue what the Constitution says!  Most have never even read a single sentence from the world-renowned document that everyone likes to talk about but that few seem to understand or appreciate.
 
    Rather than put up a fuss and light a fire under Congress and under our Orwellian Presidential Administration, by requesting, nay demanding, that they act in accordance with the terms of the Constitution, the sheeple prefer to drink beer and watch sports on their large-screen televisions which they have recently purchased with refinanced ARM home mortgage loans secured by their home ATM machines (which they could not afford in the first place) based on bogus home-bubble values that have been confirmed by totally fraudulent appraisals and then bundled together and given an equally bogus AAA rating by deceitful rating agencies before being sold to dupe clients by shark-finned securities dealers for totally outrageous fees!  True to their name, the dopey sheeple are just like sheep being led to the slaughterhouse that have no idea what is coming until they are shot or bludgeoned to death, at which point it is a tad late to speak up or to do anything about it. 
    

     The derivative securities known as "toxic waste" that are in the process of taking down the entire worldwide financial system and that were created by the obtuse "financial engineering" efforts of the halfwit Illuminists who came up with this scheme, were characterized by Warren Buffet some years ago as "financial weapons of mass destruction."  The mortgage-backed securities known as MBS's, which took on various forms such as CDO's, CMO's, SIV's and other subprime, and now Alt-A and prime, alphabet derivatives, form the part of the WMD arsenal known as "neutron bombs."  That is because the assets used to secure these neutron bomb derivatives remain standing after they explode, but the investors which own them are vaporized by the explosion.  And now the Fed is acting as the general contractor for the massive salvage operation, as the balance sheets of the banks, investment banks and brokerage houses continue to deteriorate due to neutron bomb detonations and psychopathic levels of leverage which have been notably attained by hedge funds with the help of wild-eyed bankers and which are inherent in the fractional reserve banking system itself, a system which amounts to little more than a classic Ponzi scheme. 

    The "Perfect Storm" is developing rapidly as the Fed sets the stage for the financially oriented remake of the movie by that name starring George Clooney.  There are three major factors that are coming together that are going to raise the payload of these neutron bombs to a level such that nothing will survive the Daisy Chain of mega-explosions that are on the horizon.  Those three factors are a hyperinflationary recession, elevated interest rates of the double digit variety and ever-decreasing home values resulting from massive defaults and foreclosures.  

     These are the main areas where the "financial engineers" grossly underestimated the potential for trouble that might cause their derivative creations to fail.  These three factors all feed on one another and are going to whip up a storm powerful enough to propel the US and large parts of the world into the greatest economic depression of all time.

    Here is an example of how these three factors, as well as other factors, feed on one another under the current scenario.  The unaffordable rate resets on ARM's and declining home values encourage mortgage defaults and erode collateral values on mortgage-backed derivatives, which lead to asset devaluations and resulting bank insolvencies as well as a tightening of credit and increases in interest rates to remove risk and to compensate for increased risk, respectively, which in turn leads to a decrease in demand for homes due to fewer qualified buyers and higher loan costs, which prevents current homeowners from trading up, which causes declines in homebuilding and employment in the building trades and in businesses that benefit from the homebuilding business, which then reduces wages and consumer demand, which fuels recessionary forces, which causes the Fed to lower interest rates and expand money and credit to avoid a recession, which in turn fuels inflation as the money supply expands exponentially, which further erodes real wages and consumer spending, which further reduces the demand for housing and the number of qualified buyers and which further fuels the recession and erodes real estate values, causing the Fed to expand the supply of money and credit and to lower rates even more, resulting in ever-greater inflation to the point where the Fed must raise rates to stop us from becoming the next Weimar republic, which increases the cost of doing business and decimates corporate profits while increasing the cost of owning a home and causing further price reductions for real estate, which decreases demand for real estate, increases loan defaults and further fuels the ever-deepening recession, which causes the stock markets to crash and burn, and on, and on, and on, ad nauseam.    

     This is where we are headed, and until the failures are allowed to happen and the system is cleansed, it will only continue to get worse.  The longer and harder the Fed tries to prevent a recession, the longer and deeper the resulting depression.  And if the Fed tries to put all the losses onto the backs of taxpayers, this will ignite hyperinflation and the whole country will implode like the Weimar Republic did and there will be a revolution, which the Illuminists will not survive.  They have completely blown their plans.  Their own greed and hunger for power has destroyed them.

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The Aim of Public Education
is Not to Spread Enligtenment
at All; It is Simply to Reduce
as Many Individuals as
Possible to the Same Safe
Level, to Breed a Standard
Citizenry, to Put Down
Dissent and Originality.
~ HL Mencken

The Cure for Health Care and Indigenous Power is to Remove the AMA and FDA, and Unleash the Power and Creativity of the Free Market. Many People Have Been Brainwashed into Thinking the State Protects Them. The Truth is the Exact Opposite.
~ Morris Fishbein
You may find links that lead to interesting information, or there may be links to undesirable sites. If you find any of these undesirables, PLEASE let us know the URLs so we can block them from our campaign.