Fiat Addiction Update 08/09/2011
Posted: August 9, 2011 Filed under: Commentary | Tags: Banks, Commodities, Currency, Economics, Federal Reserve, Hyperinflation, Marketing, Money, Shipping
With the statement from Alan Greenspan, former chairman of the Federal Reserve, the gloves have dropped.
As the current phase of the currency collapse progresses, wiping out trillions in equity, the stated purpose comes out in the open. The intent to print paper currency to the point of hyperinflation is proof the The Wealth Transfer Machine is going into high gear. There is no sugar coating or whitewashing going on with this statement. Nations and entire continents are being thrown to the central bank wolves.
Fiat paper currencies are dead things, producing death in the form of debt. The disease is hyperinflation. The symptoms are panic buying, erratic commodity market performance, and shortages of necessities. On the first day that the banks don’t open, the ATMs and cash registers don’t work, delivery systems will halt. The resulting confusion will manifest in the form of civil disruption ranging from passionate and ineffective rhetoric in legislatures, to openly violent mayhem in the streets. Not to worry, for the Plunge Protection Racket rides a white horse to the rescue. I tell you now, that the nations of the Earth will see the pale horse carrying Death, before this crisis runs it’s course.
In all of this madness, we are seeing the final stages of drug addiction and substance abuse. People addicted to endless supplies of paper currency are finding that the upside of financial stimulus is always followed by the withdrawal symptoms in deprivation and systemic system failures. The economic seizures, chills and fever of equity bubbles bursting won’t be just numbers on paper. Just as in 2007, we will see jobs and lives that will never return to stability. As I have warned in the past, the days are coming in which we won’t know anyone, who knows anyone, that has a traditional job. The only remaining question is about how many of our formerly affluent neighbors we will see living outdoors, with us.
In seeking to understand public behavior of people in political interaction in the United States, we must understand the influence of addiction. In this case it is the addiction to the Federal Reserve Note. In all financial news stories, we should replace the words “money”, “dollars” and “funds” with the word, “cocaine”. We would then have a much better understanding of the influences in public policy. The sad fact of life is that people vote for the candidate that promises them the most candy. Silly children.
It is a most perplexing observation that most people seem to want to be imposed upon by force. When people are overrun by military action, the motivations are understandable. Living to live another day is a victory, in itself. It is when they have other options available, and still choose tyranny, that are puzzling. With the motives and objectives of private banking cartels clearly stated in history, it is difficult to understand why people would choose to participate in injurious activity. The affinity for fiat currency is a debilitating addiction. The process begins somewhere before coercive influence gets a foothold. Even without external pressure, people jump into bad choices before fiat currency dominates an economy. That, and the way that nations succumb to totalitarian impositions betrays a basic flaw in human nature. Whether that flaw arises out of fatigue or complacency, there is no clear pattern, but the text shows one clear pattern. People can tolerate slavery for only a short period of time. At some point, something gives way in the human heart and a turn away from government edict occurs, and the public motivation focuses on self-determination.
The fact remains that otherwise independent and functional people remain in compliance with the organizations and commercial activities that severely restrict their independence. Whether it be peer pressure or the promise of financial gain, the result is the same. The of private financial agendas in managing public money produce war and poverty. The repeated pattern is described by eyewitness accounts detail this process as a madness that quietly overtakes people and carries them into a world that the private banks dominate. The results of the events produce feelings of loss, resignation and helplessness. The common thread th is the disturbing fact is that the further a nation gets away from honest weights and measures, the further the nation strays into fiat currency andit’s revenue collecting ideas, the stronger the addiction to fiat currency. Eventually we see the result of this dark activity. The defense of illegitimate authority becomes pernicious and threatening to the structure of society.
At what point does a people disconnect from their history and embrace the same institutional mechanism that they emigrated away from? I ask this question, in this form, because if any nation knew better, it was America. Not only do we have experience with the only form of government that recognized our Creator as the source of our rights, and the liberty to assert those rights, we also had experience with the fiat currencies of the colonies. The colonial experience was a financial disaster. The evidence is in the strong motivation that produced the prohibition against the States making anything but gold and silver coin, lawful tender. The fact that the Federal corporation claimed the power that the States never had, and couldn’t grant, is the height of willful rebellion. At that point, the Federal corporation was in default and continued in insurrection, culminating in the corporate violent overthrow of the legitimate government that represented the people. So much for the oath of office.
The history of private banks in America is a shameful history of Federal dereliction of duty. If we are to restore honest, legitimate government, we must also restore real, honest money. To fail to pursue that end is to accept the government we have as our just punishment. As long as people insist on being. S. citizens and enjoy the “benefits” of using Federal Reserve notes, they should stop complaining and just pay their taxes. Apparently, they are comfortable with the way their chains rest upon them.
I read “The Coming Battle” in December of 2008. It’s a very telling, detailed account of events leading up to the Federal Reserve Act.