By Robert Singer
Any of this sound familiar:
Banks hoarding their TARP funds Gas prices going up when they should be going down Automobile dealerships closed without regard to profitability Health Care reform: The Kevorkian is out of jail early
What's going on?
Bush Sr. said our way of life wasn't negotiable in 1992 but as of October 2008, it's all over but the weeping and gnashing of teeth.
And in one of those coincidences that don't happen very often: like all four financial meltdowns in history occurring in October, the October 2008 financial meltdown guaranteed Barack Obama, an unknown senator 4 years ago, would be the 44th president of the United States.
October 2008, to anyone not in denial, marked the last day the men behind the Federal Reserve, all connected to the House of Rothschild, gave up what's left of their wealth so the huddled middle class can trash the planet.
In 1910 these men already controlled one-sixth of the world's real wealth—gold, silver and raw materials—not the fiat currency we call money.
Trashing the planet began when the Federal Reserve Act of 1913, one of the most important domestic acts in the nation's history, took the power to create money from the people and gave it to the swindlers and scoundrels (robber barons) of our filtered history for profit.
One of the more absurd notions that found its way into the writings of economic experts, is that the Federal reserve took away the peoples right to create money so they could make a "profit."
If exchanging $500 trillion of real wealth: raw materials, commodities, copper, iron ore, petroleum, lead, silver and gold for fiat currency so the middle class (former members of the Third Estate i.e. serfs and slaves) could have houses, cars, RVs, TVs and DVDs—is profitable, then Econ 101 is for dummies and the robber barons are now Robin hood Barons.
During the last 100 years those swindlers were able to distort the structure of relative prices; generate misallocations of labor and capital throughout the economy; rationalize new governmental interventions in the face of the market "instability" manipulate the patterns of and the profits from international trade which resulted in the Industrial Revolution, the Great Depression, the stagflation of the 1970's, the dot-com and the housing market bubbles…all of which created unprecedented prosperity for the middle class, $500 trillion of Monopoly money for the House of Rothschild and ecocide for the Planet.
Banks Don't Make Loans To People Living In Tent Cities
The Robinhood Barons are now making generous interest payments to the banks for "parking" their TARP and other government taxpayer bailout money instead of making loans to struggling Americans living in their cars and in tent cities.
Oil prices are on the rise, which is driving up prices at the pump. Economics for dummies would dictate they should be falling.
Out-of-work, out-of-hope homeless people living in Bushvilles no longer need cheap gasoline to go shopping for all that affordable "stuff" the Fed financed so we could trash the planet.
And those Americans who are still employed will find it harder to get that sweet deal on a new car because auto dealers won't be competing with each other now that Brian Deese, special assistant to president Obama for economic policy made the decision (not the Chrysler bankruptcy judge), to close dealerships without regard to profitability.
Deese, age 31, in his first government position, shuffles back and forth from the West Wing to the Treasury Department dismantling the US Auto Industry and rewriting the rules of American "capitalism".
Deese's first rule: Withdraw Credit and Liquidity.
Result – Catch 22:
The pullback in spending causes companies to cut back on inventory and staff - Creating unemployment.
Which causes spending to fall and companies to cut back on inventory and staff -Creating more unemployment.
Causing spending to fall even further, forcing companies to cut back on inventory and staff - Creating even more unemployment…