“The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday,” reported Bloomberg.

Bloomberg continued, in its dismal report, “The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago.”

A day later, the New York Times reported on a new program, which would "[in] effect ... create a government bank to finance hundreds of billions of dollars in commercial debt, like car loans, student loans and business leases." The initial amount is rather modest, comparatively speaking, as "The Treasury is expected to contribute $10 billion to $20 billion in seed capital, which would come from the $700 billion originally provided to shore up the financial system."

Of course, the bankers are getting the real action, as the Times notes: "The Federal Reserve would lend the new entity as much as 20 times that amount." What's another $400 billion among so many trillions?

This convenient relationship will allow the Fed to make some electronic keystrokes and circulate a half trillion fiat dollars to anybody with no accountability to anyone, even as the quasi Federal-private cartel will get the benefits of collecting interest on the "money" created from nothing. 

What a perversely ingenious way of stealing an awful lot of money from an awful lot of people!

Meanwhile, as the money magicians prepare their next round of fleecing the poor and middle class, the “Master of Change” is organizing his blossoming Proletariat, ready to bring all of this “change” to our communities.

All of this begs a question: Will Americans just sit back and watch this happen? Will people FINALLY get up, organize, and work to put this country back on track?

I fervently hope that such a day will come soon.

If, however, we fail to act, then I've drafted a little bedtime story we can share with our children and grandchildren when they ask us to explain how we managed to get our country into such a big mess. (I hope we never have to read it or anything like it to them.)


The Great Obfuscator, Helicopter Ben and the Plundercrats

Once upon a time the “Dot.com” bubble burst.

And so, to keep the economy moving forward, the Great Obfuscator declared to all Americans,

“Hurry, go get an adjustable rate mortgage (ARM) so you can live the American Dream like the rest of us demigods of finance and industry. Your house is your own personal ATM.

“Use it!!”

Many Americans, like Stanley Johnson, believed the Great Obfuscator. “After all,” they thought, “with a wave of his magic wand, and a little scattering of some pixie dust, Sir Greenspan made our country prosper in the 1990s more than it ever had.”

“Thanks to central banks and a benevolent government, the good times rolled. Yipppeeeee!” they cried. “Let’s hop on this deal and go for another ride.”

And so ever larger numbers of Americans installed personal ATMs in their own houses.

Meanwhile, inflationary dollars circulating in the economy began to fill up more bottles of Mr. Housing Bubble. Ever larger numbers of Americans used this new and ingenious product, but few understood its toxic side effects.

The product’s claim to leave our “bank accounts clean as a whistle” after the housing bubble pops was about to be put to the test.

And it worked like a charm.

As freshly minted Federal Reserve Tokens flooded into the economy like Tribbles, prices began to climb.

Up, up, up, they went.

Soon, products and services became more expensive.

Housing prices soared.

Medical care costs soared.

Fuel prices soared.

And so did food.

Economists, who adored the Fed and central banking, blamed different factors: trade imbalances, greedy corporate CEOs, with their golden parachutes and stock options plans, fraud and Enron ethics, and so on.

Politicians, of course, blamed the free market and capitalism, and demanded more taxes, regulations and controls. Some companies packed up and went to more friendly market environments — like Communist China.

But few pundits would tell the public that a weakened dollar was caused by government deficit spending and fiat money.

Nor would they discuss that these twin evils were created by the Great Obfuscator and the banking cartel of the Powers That Be he represented.

Nor would they tell the public that they were the primary cause for ballooning prices and declining standards of living.

They didn’t seem to understand this one simple economic lesson:
 

more Federal Reserve Tokens = less purchasing power

 

And so, as the Stanley Johnsons of America began to tread water, they came to a horrifying realization, and were losing the ability to keep floating with each passing day.

They were caught in a trap.

They ran back to the same institutions which were putting them in bondage.

“Please refill my ATM,” they cried.

Pleased to meet the demand, the Fed turned on the money spigots again.

After dropping interest rates to almost nothing in 2002-2004, partly to help pay for an unconstitutional war, the Great Obfuscator and his fellow Establishment club members began to take Americans for another white-knuckled, hair-raising ride.

“Please keep your hands and arms safely within the car while we reach the next station on the way to the Promised Land,” the media pundits dutifully informed the public. “This will help the economy.”

Some Americans began to question the wisdom of this new round of easy credit. They discerned the inevitable effects of such a course as the cost of living soared.

“Let me off,” they cried.

One day, a good doctor, representative of a growing number of concerned Americans, stepped forward to offer a reason why we were getting economically sick on this whip-sawing roller coaster ride of rising and lowering interest rates.

He suggested that we had forgotten about the Constitution. We had forgotten about currency backed by fixed assets. We had forgotten that government can’t create wealth.

The doctor, representing the feelings of a groundswell of Americans, recommended a strict regimen of getting back to limited government, free markets, and currency which couldn’t be inflated or manipulated for the benefit of the few.

Some listened, but alas, many did not.

Some of the people responsible for, or who agreed with, the policies harming the country laughed at the message.

Meanwhile, just before the Freedom Movement began to reenergize all across America, the Great Obfuscator turned over the controls to the Great Inflator, Helicopter Ben.

Helicopter Ben was a special kind of pilot. He was prepared to take Americans where they had never been before.

With a full figure action kit, and Kung Fu grip, the Great Inflator was ready to shower wealth and riches down on all of America.

Ben, as a dutiful representative of Plutocratic Plundercrats, had a great plan to rescue the economy.

He solemnly intoned: “people know that inflation erodes the real value of the government’s debt and, therefore, that it is in the interest of the government to create some inflation.”

In other words, we can’t have foreign investors who have bought so much of our debt lose the ROI on their investment, so we’re going to take from poor and middle class Americans through inflation to keep them happy.

Helicopter Ben continued to rely on Lenin’s dictum that "the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens….”

“Lenin was certainly right,” his economic Descended Master declared, “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."

Millions of Americans naively continued to believe that Helicopter Ben, possessed with a Keynesian spirit, could rescue the economy by simply turning on the printing press.

However, during congressional hearings, the doctor carrying the freedom message questioned Helicopter Ben’s plan openly, and challenged him to show how it would work. The doctor diagnosed much of the problem as too much government and currency to cover its spending.

Helicopter Ben, however, flew around in circles, never really answering the questions.

Media spinmeisters, like dutiful air traffic controllers, cleared the skies for Inflation One to make the propaganda rounds.

Not enough Americans connected the dots that the Fed’s inflation caused the Dot.com bubble, just as it had created the housing bubble.

The media trumpeted how government would bless Americans with intervening in the economy.

And so, Congress gave us a stimulus shot. The good times were on their way again.

However, the real prizes were yet to come.

While Americans rushed out to use their $500 and $1,000 “stimulus checks” right off the printing presses to buy necessities such as groceries and gasoline, Christmas came early for Wall Street.

They got a Great...... Big.......  Fat......... $700 billion...... Bailout...... Package.

“Oh, Boy!” they squealed with hysterical glee. “All this money! What will we do with it? Oh, yeah. Let’s go buy up assets for cheap from all those suckers who just sold them at a loss at the bottom of the current bust cycle.”

Unfortunately, for average Americans, the stimulus checks — which gave about twenty seconds of motion relief — failed to tackle the root cause.

Many knew they were sick, but they couldn’t figure out why.

Other Americans, who hadn’t gotten sick yet, sat straight up in their seats when they saw that before the Plutocrats could even sort the piles of money being dumped into their accounts, the Fed had pledged 10 times more.

The Great Inflator showed that, with his super Kung Fu grip, he really could carry $8 trillion up in the air and throw it from a helicopter to keep the value of the “government’s debt” from eroding.

The Plunderbund nearly passed out with delirious delight.

Nauseated Americans had now reached a crossroads. They could stop the ride and prosecute the criminals ruining the country, or they could trust that when the ride was over everything would be okay.

Little did they realize that safe journey they had been promised would end quite abruptly.
 

Many later said that were they able to do it over again, they would have gotten involved much sooner.

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Dan Whitehead said:

People never learn 1. The original "American Dream" was not wealth; it was LIBERTY!! Everythin else springs from LIBERTY!!!! Mainly, the LIBERTY to do what you will with your own private property. PLEASE NOTE: There is a difference between LIBERTY and freedom. 2. Government never produces anything. Government only consumes. Government can "give" only what it has first STOLEN (read: taxed) from the productive. 3. What government "gives", government can also take back. 4. Our liberties DO NOT come from government, they are supposed to be protected by government. 5. Government would not exist without our consent. 6. "Working" for the government (and I use the word working very loosely) is not a right, it is a priveledge. Those who are so priveledged seem to have come to the frame of mind that "we the people" are subjects and that they are rulers. This is a very dangerous mindset and needs to be crushed...soon. The enemies of this nation, both within and without, are never going to stop until they are forced to stop. I still maintain that a replay of 1776 grows ever closer.

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November 25, 2008
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raytisch said:

	1984 The answer to 1984 is...1776.
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November 26, 2008 | url
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