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After trillions in taxpayer debt has been foolishly poured into the bottomless black hole of leftist wealth redistribution programs, under the guise of economic “stimulus” or “stabilization” legislation, the new “ONE World” government running Washington DC announces; Geithner, Bernanke Call for New Wind-Down Powers After AIG… and the people still sit silent as they watch Obamanation grow in unbridled power.
Geithner Asks Congress for even Broader Power to Seize private Firms as the average American stumbles through their daily routine as if nothing is happening. Canada Free Press managing editor Judi McLeod writes No cheerleader for propping up greenback at G20 summit asking, “Is the table being set for One World Government rather than speeding the recovery of the worldwide recession at next week’s G20 London summit?”
The thesis of this book is that the Bank of Canada under John Crow ignored the Bank's mandate to strike a balance between the eternally conflicting interests of creditors and debtors – that is between inflation control and economic growth – and tilted heavily in favour of those with financial assets. The result of his tight money policies is that we are mired in recession. According to McQuaig's sources this recession is responsible for 70 percent of our debt growth with social spending only accounting for 15 percent. Were it not for the recession, she asserts, Canada's tax revenue would be more than adequate to support the level of social spending – modest by the standards of many nations – to which Canadians have been accustomed....
Statistician Hideo Mimoto (chief of the social security section at Statistics Canada) calculated that only 1 percent of the debt growth was due to unemployment insurance, 4.5 percent was due to welfare programs, 6 percent was due to the old age pension, and 3.4 percent was due to housing programs. He also found that the amount we spent on social programs had not been growing any faster than the growth in the overall economy.
In deciding to actively pursue the goal of price stability the Bank of Canada, headed by John Crow, was serving the interests of the financial elite. In calling for inflation to be reduced to 3 percent by the end of 1992 and 2 percent by the end of 1995 Crow ended up by overshooting the targets. In the spring of 1994 inflation had dropped to zero and the country was mired in a lingering recession. The dream of price stability had come to fruition.
Recall that Hideo Mimoto calculated that unemployment insurance increases accounted for only 1 percent of the growth of the debt. By comparison, his calculations showed the rising cost of interest payments accounted for a staggering 70 percent of the debt growth. The baffling phenomenon of higher taxes, fewer services and rising debt isn't magic. It's the effect of high real interest rates.
Under Crow's tight money policies during the 1990-92 period the real interest rate (the interest rate minus inflation) went up to 8 percent.
In 1981 Ontario Hydro issued a thirty-year bond with an interest rate of 17.5 percent.
No group in the world loves misery more than bondholders...
Originally posted by CuriousSkeptic
I'm sorry but I stopped reading at "leftist redistribution programs". The current problem is too complex and stemmed in several years of corruption and out right thievery. To blame this imaginary "left" for our current woes is akin to putting witches on trial back in the day. I for one am more interested in fixing these problems than going on tirades against imaginary foes.
[edit on 26-3-2009 by CuriousSkeptic]
The United States shall guarantee to every State in this Union a Republican Form of Government, and shall protect each of them against Invasion; and on Application of the Legislature, or of the Executive (when the Legislature cannot be convened) against domestic Violence.
Originally posted by ProtoplasmicTraveler
They envisioned themselves royalty and began to control the political process by selecting the politicans who would run to both the left and right in almost any race that held an office of importance. The people would be allowed to choose between which manager they wanted to oversee them, but all the mangers were employees of theirs.
Originally posted by ziggy1706
For the past 2 months, in an aol chatroom, i frequent, blackF4Ivorymale, i often talked about things like this... and no joke, at least to the women..9 out of 10 all think our goverment is fixing everything nice nice, and im paranoid. They refuse to belive or think our goverment is corrupt or is capable of a NWO. Yet, their not in favor of the corporate bailouts.. so! if this is the case in an online chatroom, imagine the other chatrroms?
I think people, the majority anyways, think everything is going to be ok...
well, we hope so, but for how thiings loko,a nd 8 ro 10 years dwon the road, no one wants to think about that, they all worry about today, not tomorrow. talk abuot bad planning!
Originally posted by CuriousSkeptic
I'm sorry but I stopped reading at "leftist redistribution programs". The current problem is too complex and stemmed in several years of corruption and out right thievery. To blame this imaginary "left" for our current woes is akin to putting witches on trial back in the day. I for one am more interested in fixing these problems than going on tirades against imaginary foes.
[edit on 26-3-2009 by CuriousSkeptic]
More at Link...
BANKERS MANIFESTO
circleof13.blogspot.com...
Congressman Charles A. Lindbergh, Sr. revealed the Bankers Manifesto of 1892 to the U.S. Congress somewhere between 1907 and 1917.
BANKERS MANIFESTO
We (the bankers) must proceed with caution and guard every move made, for the lower order of people are already showing signs of restless commotion. Prudence will therefore show a policy of apparently yielding to the popular will until our plans are so far consummated that we can declare our designs without fear of any organized resistance.
Organizations in the United States should be carefully watched by our trusted men, and we must take immediate steps to control these organizations in our interest or disrupt them.
At the coming Omaha convention to be held July 4, 1892, our men must attend and direct its movement or else there will be set on foot such antagonism to our designs as may require force to overcome.
This at the present time would be premature. We are not yet ready for such a crisis. Capital must protect itself in every possible manner through combination (conspiracy) and legislation.
The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible.
*As foreclosures mount, Florida court turns to 'rocket docket'*
www.cnn.com...
When, through the process of law, the common people have lost their homes,
they will be more tractable and easily governed through the influence of the strong arm
of the government applied to a central power of imperial wealth under the control of the leading financiers.
People without homes will not quarrel with their leaders. History repeats itself in regular cycles. This truth is well known among our principal men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism.
The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with the reciprocity must be forced to view through the Republican Party.
By thus dividing voters, we can get them to expend their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete actions, we can secure all that has been so generously planned and successfully accomplished.
:snip:
The above was taken from the "Banker's Manifest", for the private circulation among leading bankers only, taken from the "Civil Servants' Year Book, "The Organizer" of January, 1934. The Banker's Manifesto ties in with U.S. Senate Document No. 43, 73rd Congress, 1st Session (1934), to wit:
"The ultimate ownership of all property is in the State; individual so-called "ownership" is only by virtue of Government, i.e., law, amounting to mere "user" and use must be in acceptance with law and subordinate to the necessities of the State."
The following is quoted from John Prukop of the Coalition of a Constitutional Washington:
The "plan" is to control all resources, human and natural. The control is not by elected public officials, but by a self-appointed oligarchy. This is born out by reading the details of Article 21 and 39 of the "Convention On Biological Diversity." This treaty declares there are no reservation of rights. Article 21 mandates that three international organizations, the UNEP, UNDP and the World Bank, will direct and control "the policy, strategy, programme priorities and eligibility criteria relating to access to and utilization of resources" in each member country.