Political and Economic Blinker Fluid: Just Add A False Solution

My recent experiences with car repair shops inspired me to contribute the following to the “Debt Ceiling Crisis” debate.

“The famous [Roman consul, representative] Lucius Cassius, whom the Roman people used to regard as a very honest and wise judge, was in the habit of asking, time and again, ‘Cui bono’ (‘To whose benefit’)?” – Marcus Tullius Cicero, 106-to-43 BC

When my car wouldn’t start for the SECOND time in a week and a well-spoken, charismatic car mechanic once AGAIN offered me a variation of ‘blinker fluid’ at the bargain price of $500 to restore the health of my car to full capacity, my instincts automatically rejected the repackaging of the previously failed proposal and I vowed to never return to that shop.

Yet, when catastrophes flat-line America’s spirit – the Attacks of September 11th, the Economic Panic of 2008, etc – does our representative servant government ever question why the government’s last implemented solution failed to prevent or avoid the recent disaster? – And why the new (same) costly government proposals don’t seem to address the root cause of the problems? – And most importantly, will the American people really benefit from these same old proposals?

Attacks of September 11th

Our servant government’s solution to the Iraqi/Kuwaiti conflict over oil reserve rights was twofold, a large scale military kinetic action in 1991, dubbed the “Gulf War” and secondly, trade sanctions against Iraq for the next decade. The result, which if you believe the official government scribed story, led to the Muslim led anti-American fervor over a million dead Iraqi children and the retaliation attacks on the USS Cole in 1998 and the Attacks of September 11th in 2001. The CIA refers to these very unhappy retaliatory reactions against our intervening (massacring) foreign policy as blowback. In other words, these attacks were baked in the “Gulf War” cake; they were fully expected by the government’s intelligence department.

So… was our servant government’s solution to the vaporized World Trade Center Tower complex reflective of the root cause of those attacks? – Our intervening (massacring) foreign policy.

And was Congress reflective of the costly failed war solution in Vietnam? – 58,000 soldiers dead. 150,000 soldiers wounded. $111 billion spent ($738 billion in 2011 dollars). Two million Vietnamese deaths. No impact or influence gained over Vietnam’s political system. The War Powers Act of 1973, requiring the President to receive explicit Congressional approval before committing American forces overseas, presently being ignored in 2011 by Obama’s ever-expanding war (is peace) on the Middle East policy.

And were alternative solutions considered? – Simply putting a $100 million price tag on Osama’s dead or (preferably) alive body and apologizing for the ongoing and preemptive (slaughterhoause) “nation building” strategy of overthrowing foreign leaders, bombing random countries and pillaging natural resources in the Middle East, South America and Asia over the fifty plus preceding years.

Of course not!

“War is the health of the State.” – Randolph Bourne

“It’s a butcher’s shop of chopped-up corpses…. All victims are farmers, women and children.” – Roland Huguenin-Benjamin, Spokesman for the International Committee of the Red Cross in Iraq, describing how the American Cluster bombs have liberated Iraqi children, April 4, 2003

Although Bush campaigned in 2000 against “nation building”, the slaughterhouse impulse of his administration led to the invasions of two sovereign nations (Afghanistan, Iraq) and now five countries are under Obama’s Middle East siege (added Pakistan, Libya, Yemen). All five of these governments had near zero political or financial connection to the small network of terrorists known as al-Qaida. Furthermore, most of the so-called September 11th suicide hijackers were Saudi Arabian citizens and/or had U.S. Military training and there was a team of Israeli Mossad agents caught filming the planes crashing into the twin tower, later admitting they were assigned these duties well in advance of September 11, 2001.

So… at the very least, was our servant government’s ultimate concern the protection of the America people, its constitutional masters?

Of course not!

Opportunistic power lust marked our Bill of Rights for disposal and destruction with the passage of the (anti-)PATRIOT Act and institutionalization of government run NAZI style TSA checkpoints at the Airports (coming soon to a bus stop near you). Costs of these never-to-end wars are well north of four trillion dollars and the ultimate cost, the human causalities, ours and theirs, topped a million deceased years ago. And unless you like getting molested in public areas by government employees and/or own stock shares in Bush’s top campaign supporters, the war profiteers of Blackwater, Halliburton/KBR, CACI, Titan, etc, you didn’t benefit in any way from these blinker fluid wars.

Economic Panic of 2008

One government solution that benefited and protected the American people was the ‘Glass-Steagall Act of 1933’. This banking reform legislation eliminated a Depository Banking Institution’s ability to leverage (spend multiples of) their customer deposits on (risky) investment speculation. Since highly leveraged investment speculation substantially contributed to the Stock Market Crash of 1929, the Glass-Steagall legislation separating Investment Banking from Depository Banking served and protected the American people well.

Unfortunately, wild unsound investment speculation using customer deposits as collateral was only a symptom of the greater root problem. The ‘Federal Reserve Act of 1913’ granted a currency printing monopoly to the Federal Reserve, a private foreign-owned banking institution. From 1914 to 1929, the Federal Reserve tripled the US currency supply by loaning it into existence out of thin air, at low interest rates. Concurrently, a new type of loan became accessible, a margin loan, which required investors provide only 10% cash down payment on stock market purchases, with the remaining 90% loaned. The cheap and easily accessible money fueled an artificial economic boom (a bubble) called the ‘Roaring Twenties.’

As with every currency printing marathon in history, the finish line is an absolutely worthless currency, so the aim of every currency printer is to manage the approach towards the finish line without ever reaching the finish line, a dead currency. In 1929, the dollar’s value was in exponential decline against Real Estate and the Stock Market and thereby was in a hyperinflationary dash towards it’s deathbed, so the currency printer, in this case the Federal Reserve, began reducing (managing) the currency supply calling loans due from smaller banks resulting in currency shortages at those banks, forcing margin calls (immediate payment of margin loans by investors), driving a massive sell-off in the Stock Market, triggering the Crash of 1929, causing 11,630 of the total of 26,401 US Banks to fail, and ultimately burying the economy in the Great Depression of the 1930s. Our economy was sacrificed to save the currency printer’s existence.

“It [the depression] was not accidental. It was a carefully contrived occurrence worked out as one works out a mathematical equation. The international bankers sought to bring about a condition of despair here so that they might emerge as the rulers of us all.” – Louis T. McFadden

The ‘Glass-Steagall Act of 1933’ was a good idea, but in the long term was only duct tape over the mouth of a deranged currency printer hell bent on allowing the world to burn if only to save the currency for one more day. An ax to the Federal Reserve’s serpent head (its printer) was needed. Glass-Steagall was nothing short of blinker fluid.

The roaring of the Federal Reserve’s printing press returned with an expansive vengeance in the 1960’s and 1970’s. President Johnson began removing silver (real money) from U.S. coins in 1964 and President Nixon terminated the convertibility of the dollar to gold (real money) in 1971. Without precious metals backing the U.S. currency, the currency printer’s capacity became limitless and so did its lending capacity, loaning vast sums of currency to our servant government to pay for the guns and butter of the Vietnam Warfare State and the ever expanding Great Society Welfare State. During 1970’s alone, the dollar lost roughly 95% of its value against gold and silver, accelerating the dollar’s demise. As dollar trouble became obvious, the currency printer needed to maintain both international and domestic demand for the dollar.

Securing international demand for the dollar resulted from the Middle East oil cartel (OPEC) agreeing to sell oil in only U.S. dollars in exchange for our military’s defense of the Persian Gulf region. This strategy has come to be known as the (President) Carter Doctrine, but has its roots in our foreign policy since World War II.

Securing domestic demand for the dollar resulted from the currency printer’s successful lobbying of our government to remove the Glass-Steagall duct tape. Carter’s ‘Depository Institutions Deregulation and Monetary Control Act of 1980’ and Reagan’s ‘Garn-St. Germain Depository Institutions Act of 1982’ and Clinton’s ‘Gramm-Leach-Bliley Act of 1999’ and Clinton’s ‘The Commodity Futures Modernization Act of 2000’ and the Office of the Comptroller of the Currency, under Bush Jr., invoked a clause from the 1863 National Bank Act to preemptively stop states from prosecuting predatory lending laws, in sum total these measures effectively stripped and killed Glass-Steagall and redirected alternative/real money (gold/silver) investment back into banker related paper investments such as mortgage backed securities (bonds), (tech) stocks, (commodity) derivatives, etc.

These cowardly measures enacted to repeal Glass-Steagall and save the currency printer’s product only proved to kick the dollar’s finish line into the future (seemingly now) and yet only saved 30% of the dollar’s purchasing power from its 1980 value and resulted in numerous economic busts along the way.

So… was our servant government’s solution to the Stock Marker Crash of 1987, the Savings & Loan Crisis, the Tech bubble implosion, several real estate bubble implosions, and the Economic Panic of 2008 reflective of the root cause of these man made economic disasters? – The currency printer’s intervening (massacring) monetary policy

And was Congress reflective of the previously (somewhat) effective solutions? – The ‘Glass-Steagall Act of 1933’.

And were alternative solutions considered? – Letting the banks fail, ending the Federal Reserve’s monopoly over the currency printer, and returning to sound, non-interest bearing money that can’t be printed out of thin air (gold and silver) or returning to the Bill Still/Ellen Brown/Benjamin Franklin/Abraham Lincoln non-interest bearing “green back” currency.

And was our servant government’s ultimate concern the protection of the America people, its constitutional masters?

Of course not!

Although Obama campaigned on hope and change for the little guy, he joined forces with President Bush and his Treasury Secretary Paulson in September of 2008 to lead a coalition of Democrats to support and pass Bush’s “Too Big to Fail” banker bailout “Emergency Economic Stabilization Act of 2008’ legislation. As President, Obama then institutionalized and guaranteed future “Too Big to Fail” banker bailouts with the passing of the ‘Financial Stability Act of 2010’.

So unless you own stock shares in Obama’s top campaign supporters, bailout profiteers Goldman Sachs, Citigroup Inc, JPMorgan Chase & Co, Morgan Stanley, etc, you didn’t benefit in any way from these blinker fluid bailouts.

Debt Ceiling Crisis

To raise the (debt) roof or let that motherf-cker burn, that is the question. Or is it?

“If they can get you asking the wrong questions, they don’t have to worry about the answers.” – “Gravity’s Rainbow,” Thomas Pynchon

If the ‘solution’ sold by a politician as the ‘one size fits all’ fix to the social or economic problem of the day benefits his/her campaign supporters and does NOT act as a stable and sustainable protectorate of our individual rights as Americans, then it’s a false solution; its blinker fluid.

So… is our servant government’s solution to the massive budget deficits reflective of the root cause of reaching the incomprehensible debt ceiling of $14.3 trillion? –Our intervening (massacring) foreign policy in Afghanistan, Iraq, Pakistan, Libya and Yemen (as of today) costing $4 trillion over the past decade (http://news.antiwar.com/2011/06/29/study-us-wars-cost-4-trillion-killed-258000/) and the currency printer’s intervening (massacring) monetary policy providing low interest loans (easy money) to continue our government’s colossal shopping (killing) spree

And is our government reflective of the costly failed debt ceiling compromises of the past? – In the 1980’s, Congress repeatedly promised President Reagan to cut future spending if only Reagan would raise the (debt) roof, and now, in 2011, President Obama has promised Congress to cut future spending if Congress raises the (debt) roof.

And are alternative solutions being considered? – Ending the failed Wars (wasteful spending) on the Middle East. Ending the failed Federal Wars (wasteful spending) on Drugs, Poverty, Illiteracy, etc. Ending  banker bailouts (wasteful spending). Ending NAFTA and other job killing regulations here, to bring back jobs (federal tax revenue). Ending the Federal Reserve’s currency printing through debt creation monopoly scam, which facilitates the debt accumulation. If money can’t be printed out of thin air, it can’t be so easily loaned to governments to cover obscene (murderous) spending.

And is our servant government’s ultimate concern the protection of the America people, its constitutional masters?

Of course not!

If we the people were the concern of the politicians, then we would not be threatened like children to accept their waterfall of blinker fluid.

“All tyranny needs to gain a foothold is for people of good conscience to remain silent. […] If once they [the people] become inattentive to the public affairs, you and I, and Congress and Assemblies, Judges and Governors, shall all become wolves. […] If a nation expects to be ignorant and free, it expects what never was and never will be … The People cannot be safe without information. […] Enlighten the people generally, and tyranny and oppressions of body and mind will vanish like evil spirits at the dawn of day.” – Thomas Jefferson, montage of his thoughts

The two (Republicrat and Demoblican) mechanics running the car shop (our government) offer the same Blue label blinker fluid and Red label blinker fluid choices to restart the car (our economy), the same choices that have not repaired our rusting, rotting car, so the real and only question that demands an answer in this “Debt Ceiling Debate” in no uncertain terms is ‘to whose benefit’ is it to hold back your dissent; to whose benefit is it for you to remain silent.

“A time comes when silence is betrayal.” – Dr. Martin Luther King

To whose benefit is it for you to remain silent and betray our future.

To learn more about the myths and false dichotomy of the “Debt Ceiling Crisis” debate, I suggest the following articles:

http://reason.com/archives/2011/07/18/the-facts-about-the-debt-ceili

http://reason.com/archives/2011/07/25/five-facts-about-the-debt

4 comments to Political and Economic Blinker Fluid: Just Add A False Solution

  • Harley

    Talk about waking people up! Now my blood’s flowing! Great article, voxOnox, but one I’m going to have to read about 3 times to get the full meaning from. Keep ’em coming!

  • Kelly James

    very informational, and love that last Jefferson quote :-)

  • Ragnar

    Outstanding!!!!

  • doug

    “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the US Government can not pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

    Senator Barack H. Obama, March 2006 Kind of made me chuckle when i read this quote of the day…

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