Bernie Madoff Syndrome

The world is full of Ponzi Schemes, and perhaps the most blatant and largest, is the fraud being committed by the United States Government.  The world, and especially China and American citizens, are emptying their bank accounts, buying U.S. debt, which of course, is backed by "The full faith and credit of the U.S. Government."  This, in spite of the fact that every day, word comes out of huge waste, bribes and corruption emanating from Washington D.C. the home base of frivolity and blatant lies.  The United States has current debts of $13.2 trillion, and takes in revenue of less than the interest on the debt.  In addition, the same D.C. Gang, has committed itself in future years, to at least an additional $150 trillion in the form of promises to pay Social Security, Medicare, Food Stamps, and myriad other handouts.  If you were running a bank, and a potential borrower came to you with a request for a loan, and his portfolio showed him with far less income than his expenses, and endless promises to repay extant debts, with your loan to help him out, would you grant the loan?  Not on the skin of your chinny chin chin.

Another diatribe for your perusing pleasure. Warning: Bumpy Road is not responsible for any nightmares resulting from reading this article.

Who's Hiding What and Why

The media for whatever reasons are now complicit, declining to air what really happens on the ground. All of this allows ghastly behavior, which is what wars always produce, to go forward with little opposition.


Ah, but leaks, YouTube, holes in the wall of silence—these pose real threats to the flow of contracts.  

If you don’t think that contracts—money—have a great deal to do with wars, reflect that all those hundreds of billions of dollars end up in pockets, and those pockets do not belong to soldiers. Makers of body armor, boots, ammunition, helicopters, on and on, are rolling in gravy. All this half-watched loot flows in cataracts at the price of at most sixty dead American kids a month (and lots of brain-damaged droolers, but what the hey). A bargain. Afghans don’t count.

Wikileaks has released documents the military does not want you to see because you might learn why they don't want to win the wars they are fighting - they just want to continue fighting. For how long? Forever and a day.

The Ruling Elite Called

This is where we have a problem. The worshippers [sic] of Keynes, that rule the country, are pissed off at you. Don’t you realize that government spending of your money, borrowed from the Chinese, with the bill passed to your grandchildren, was supposed to reinvigorate your animal spirits. They handed you other people’s money to buy cars and homes and what do you do? You stop buying cars and homes as soon as they stop paying you to buy cars and homes. You ungrateful bastards.

 

The economy is not recovering and debt-based solutions will only make things worse.

5 Ways to the US Government Can Fix the Economy

1. Central banks, starting with the Fed, should be abolished. They serve no useful purpose. The US has 260 million ounces of gold. That can be used to back what’s left of the currency. What price, I don’t know – $10,000 an ounce?

2. Urgently disband 95% of the government. I would go all the way, but I’m a gradualist. It’s not radical – it just means going back to the original ideas of the Constitution

3. Withdraw troops from all countries around the world. End the insane wars in Iraq and Afghanistan. Cut the military back about 95% too. All these V-2 rockets and carriers are just junk, expensive junk. Their main purpose is going to be excellent dive sites for people of the next century.

4. Abolish, totally, absolutely, the whole income tax and whole IRS.

5. US government should default on the debt. That’s the honest way to handle it. They will likely do it subvertly with inflation over time, but I would prefer overtly.

None of this, of course, is likely to occur without much wailing and gnashing of teeth among politicians and the moocher class which has become dependent on the government dole.