| Subject: | FWC: Government Debt: The Price We Pay |
|---|---|
| Date: | Mon, 25 Jun 2012 10:12:02 -0700 |
| From: | Jas Jain |
Government Debt: The Price We Pay
"…we find that government debt worldwide is growing faster than the global economy."
Since 1997, all the growth and more in the US has been a result of borrow-and-spend. The same is now true of the global economy as a whole.
"Every emergency now becomes a pretext for bungling government action and expense. Since governments cannot pay for bailouts and increased public assistance out of revenue, there must be borrowing."
The four biggest emergencies in the US since 2001 have been:
1. Re-election positioning for GW Bush from the day he became the President in 2001.
2. Re-appointment of Greenspan in 2002.
3. Bernanke's campaign for appointment as the Fed Chairman in 2006 when Greenspan's term were to expire.
4. Obama's re-election positioning from the day he became the President.
These four evildoers engaged in mortgaging America's economic future for their own ends.
We have found the enemy!
"The idealist uses the state to solve social problems, to cure the ills of society. But this cannot work, says Jung: "The mass State has no intention of promoting mutual understanding and the relationship of man to man; it strives, rather, for atomization, for the psychic isolation of the individual. The more unrelated individuals are, the more consolidated the State becomes…."
Yes, indeed.
"The growth of the state and rising government debt has a social cost, a moral cost, and a psychological cost. Government now intervenes in every area of life. Government's divorce policy and family court system in the United States, for example, constitutes one of the greatest institutions of plunder ever devised. Jung warned against "apparent morality … [cloaked] in deceptive colors [beneath which there lies] a very different inner world of darkness." The growth of the state is sinister, and the growth of government debt is a dark promise indeed. Claiming to help the economy out of trouble, the state interferes with the necessary process of creative destruction.
The state interferes mostly on the side of those who behave badly and burdens the good by using the power of force. The society keeps getting more immoral as a result.
"Even worse, however, the state interferes with the family and the self-worth of the individual; for the state gains in power at the expense of the family and the individual. The moral backwardness today may be blamed on the state. The financial crisis has the state's finger prints upon it. The more the state does, the more the society disintegrates. This is not mere economic harm, but spiritual harm as well."
Longer the current system in the US lasts worse things are going to get. The System of the Crooks seems firmly in-charge for now. The coming election would be a useless exercise. The destruction of the current system in the US is likely to begin after the 2016 or 2020 elections and it would be a catastrophic event for the globe.
It is the debt, stupid!
Jas
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Government Debt: The Price We Pay
By JR Nyquist
Created 25 Jun 2012
There is a fascinating passage in Pavel Stroilov's book Behind the Desert Storm. It is a transcript from a discussion between Soviet leader Mikhail Gorbachev and Egyptian President Hosni Mubarak. Gorbachev wants to know where Mubarak gets his country's money from. "Is it flowing in the Nile?" he asks. Mubarak replies that, "Everyone has debts in today's world." He went on to say that Egypt only accepted non-repayable aid. "Nowadays," Mubarak explained, "almost nobody repays debts. I am talking to you absolutely frankly."
It is nothing for governments around the world to acquire debt. They do so without thinking of the consequences. Consider Mubarak's words: "almost nobody repays debts." He is talking about the state, about government.
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