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by Jim Quinn
“The American Dream is that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. It is a difficult dream for the European upper classes to interpret adequately, and too many of us ourselves have grown weary and mistrustful of it. It is not a dream of motor cars and high wages merely, but a dream of social order in which each man and each woman shall be able to attain to the fullest stature of which they are innately capable, and be recognized by others for what they are, regardless of the fortuitous circumstances of birth or position.”
—Historian and writer James Truslow Adams in his 1931 book “Epic of America.”
Mr. Adams penned these words in the midst of the Great Depression. Then as now, the reason the American Dream is slipping away is due to the actions of politicians running our government and bureaucrats running the Federal Reserve. Those with ability who have earned a better life through their hard work and intelligence should be attaining a higher position in the social order. Instead, our government is rewarding those Americans who have taken unwarranted risks, made brainless decisions, and willingly chose the course of excessive debt to climb the social ladder. As the politicians scurry to “save” capitalism through the use of communist measures, more Americans are becoming disheartened.
The Liberty Voice Transcript Service
The US National Debt is 9.6 trillion dollars. The US Population equals 304 million people. Each citizen’s share of the national debt is $31,641. The interest on the national debt is $430 billion (about $1400 for every man woman and child.) True indebtedness of US government adding unfunded obligations into the future — approaches $50 trillion.
This is what we are leaving for our children, our grandchildren. No nation in the history of mankind has ever been as heavily in debt as ours, and our leaders have numerous foreign aid programs where they give away money.
And of course there is a woeful lack of understanding. There are people today who say, “We need the Fed because someone has to manage the currency.” Ladies and Gentlemen, that is one of the greatest fallacies of all. If the currency is a commodity like gold or silver, it does not have to be managed. The free marketplace will manage it. Money should be a commodity — valuable to all people, and there’s no management needed. People say to me, if you get rid of the Fed what are you going to replace it with? I say, if you’ve got cancer do you wanna replace it with pneumonia and two broken legs? No you don’t.
Paul Joseph Watson
Monday, December 15, 2008
Frighteningly accurate trends forecaster Gerald Celente says that America will see riots similar to those currently ongoing in Greece and that the cause will be a hyper-inflationary depression, leading to the inevitable use of troops and mercenaries to deal with the crisis as Americans are incarcerated in internment camps.
As we have highlighted before, Celente’s accuracy is stunning – he predicted the 1987 crash, the sub-prime mortgage crisis and the “panic of 2008,” and is routinely cited even by mainstream news networks as highly credible.
The cause of the riots would be a hyper-inflationary depression, Celente told interviewer Lew Rockwell, causing Americans to revolt in similar circumstances that we have witnessed recently in Iceland and Greece. The trouble would be sparked off by Obama declaring a “bank holiday” whereby people won’t be able to withdraw their money.
“What’s going on in Greece with these riots has nothing to do with a 15-year-old boy being killed, that was only the spark that ignited the pent up, really hatred and disdain, people have for the scandals and corrupt government and the same thing is going on in this country as well,” said Celente.
Celente reiterated his prediction of a revolution and riots in America, and said that the first signs of it could even emerge before the end of the year.
While common criminals use guns and masks to steal money, our leaders use the printing press–printing ever more dollars out of thin air.
It is interesting that more modern dictionaries only use half of the definition of inflation. The Oxford American Dictionary of 1986 defines inflation as:
“a general increase of prices and fall in the purchasing value of money.”
But that is only half the story of inflation. According to Websters New Twentieth Century Unabridged Dictionary of the English Language of 1957, inflation is defined as:
“an increase in the amount of currency in circulation, resulting in a relatively sharp and sudden fall in its value and a rise in prices.”
Like other happenings–we must not look at just the symptoms, but rather the underlying cause. The result of inflation is always rising prices, but the cause is printing more money.`
Put simply, “Helicopter Ben” Bernanke is not just an inflationist, he is a thief.
For the first time in recent memory Congress listened to the American people and blocked Paulson’s bailout of his rich buddies by US taxpayers. The same Congress that refuses the public’s demand that the Bush regime be held accountable and its gratuitous wars halted refused to hand over $700 billion to the financial institutions whose irresponsibility has brought the US to its worst economic crisis since the Great Depression.
Republicans are sending around the Internet a photo of a cute little boy whose T-shirt reads: “The mess in my pants is nothing compared to the mess Democrats will make of this country if they win Nov. 2nd.”
One can only wonder at the insouciance of this message. Are Republicans unaware of the amazing mess the Bush regime has made?
It is impossible to imagine a bigger mess. Republicans have us at war in two countries as a result of Republican lies and deceptions, and we might be in two more wars—Iran and Pakistan—by November. We have alienated the entire Muslim world and most of the rest.
The dollar has lost 60% of its value against the euro, and the once mighty dollar is losing its reserve currency role.
The Republicans’ policies have driven up the price of both oil and gold by 400%.
Inflation is in double digits. Employment is falling.