Monday, October 6, 2008

MONEY HAS NO VALUE, PEOPLE DO: THE BAILOUT; THE ROTHSCHILDS SAID GIVE IT UP

"Money Has No Value, People Do: The Bailout; the Rothschilds Said Give it Up"

By Fahim A. Knight

This writer has done a number of similar articles pertaining to the Bilderbergers, Council on Foreign Relations, Trilateral Commission, Club of Rome, the House of Rothschild, the Federal Reserve System, etc, and how these entitles secretly rule over humanity and is covertly involved in shaping the political, economic and social dynamics of all past and present societies.

This writer had an eighth grade middle school teacher at Hudson Street School in Newark, New Jersey named Ms. Kornegay and part of her teaching method was redounded teaching. It appears she was teaching the same lesson plan over and over again. So one day, I mustered up enough nerve to question my teacher about this and she simply stated repetitive instruction is one of the best methods for students to retain and learn. This writer has been using this technique ever since.

This article was written as an analysis and evaluation of the recent corporate bailout, but all knowledge is relative and interrelated and there will be some similarities to a few recent articles that this writer has recently written such as "The Pawns in the Game" and "None Dare Call it Conspiracy" and of course, all this ties into the so-called bailout. Just remember what my middle school teacher said.

There is an Internet blogger who has a very interesting close out theme of how she ends all her blog post. She states, "Money Has No Value, People Do," In truth, this is a very powerful axiom and dictum, which is full of wisdom and embodied in the essence of the very soul of humanity and the quintessence of human beings are rooted into something that exceeds all the gold (or any of form of materialism) on the earth (this is of course, my interpretation and not hers). But this writer believes her intent, is to bring humanity to an understanding that money is an established medium of exchange (which in reality, has no tangible value other than what the Power Brokers have given it).

Thus, this is a worthless piece of paper which has been deemed to have more value than all of humanity. This writer can not imagine telling the Rothschilds that money has no value—and in its truest sense it doesn't, the assigned value and/or there lack of, has presently driven the United States economy and for that matter the entire world economy to its knees and almost to the brink of economic destruction—effecting all the world's markets and the flow of money.

President George Bush nor the United States Congress have the power or authority to redirect the flow of money—these economic crises are being strategically and systematically led and guided by a small group of sovereign invisible world leaders who have called the debt-in; this was only a test run and a drill for what is to come, because the actual Fall of America is nearing. These powerful hidden entities uses the likes of Wall Street and other world markets to give the appearance that the flow of money start and stop at Wall Street; this is the furthest thing from the truth. President Bush nor the United Congress have the power or authority to redirect the flow of money—these economic crises are being strategically and systematically led and guided by a small powerful group of sovereign world leaders who have decided to call the debt in.

Dr. Carroll Quigley explains in his book titled, "Tragedy and Hope" stated, "It must be felt that these heads of the world's chief central banks were themselves substantive powers in finance. They were not. Rather, they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up and were perfectly capable of throwing them down. The substantive financial powers of the world were in the hands of these investment bankers (also called 'international' or merchants bankers) who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks. . ."(Reference: Carroll Quigley;” Tragedy and Hope" pg. 326-7).

These powerful hidden entities uses Wall Street and other world markets to dish-out crumbs in order to keep a system of classism well oiled and intact and simultaneously fuel this antagonistic contradiction, which keeps labor invigorated and keeps the illusion that the perception of money or wealth is attainable for all societal participants. Thus, but only allowing a few to appear as tokens of economic success and keep the others always reaching up. The false economic model is designed to keep labor (the have nots) voluntarily and willingly accepting their enslavement with little resistance—having life time aspirations of pursuing a monetary instrument that has no real value. But functions as the medium exchange, which in reality, it only totally benefits those who have the power to assign its value. (Reference: G. William Domhoff; "Who Rules America?").

The only use and value that we have to the invisible rulers is our labor and even that is beginning to wane and depreciate in value to them. So you would think it to be logical for the political experts and the United States Congress to summons and subpoena those persons, be it the owners of the Central Banks or sovereign individuals into the halls of Congress and question them as it pertains to the American economic crises and ask them, what are their motives for and behind the devaluation of the United States Dollar and other world currencies? The writer is being a bit idealistic and is only posing this as a rhetorical question in order to stimulate thought.

However, they desire for us to believe that our system of credit had exceeded the availability of hardcore currency (remember the Invisible Rulers and the Central Banks had stolen the world's gold and silver along time ago; their paper money has been floating for almost 80 years, neither back by gold or silver) and it is this variable that is leading to deflating and flatten of the U.S. Dollar, which is causing this economic recession.

Yet, since 1913, the United States Government and citizens handed over our monetary system to a small but powerful group of international bankers—given them sovereign authority to print money and determine the value thereof. Although, this arrangement was then and still remains unconstitutional. Constitution states in Article 1, section 10 that "No state shall make anything but gold and silver coin a tender in payments of debts" Congress does not have the power to coin money, Article 1, Section 8, but since it can't make anything but gold and silver coins a tender for debts, nothing printed on paper is by Constitutional definition and federal law, legal tender or lawful money. The United States in 1933 abandoned the managed gold standard.

Perhaps as early as 1913 the United States Constitution had become a worthless piece of paper and we know that its Framers in 1784 constructed its language to serve and protect the legal interest of the Elite White male property owners. Some of us marvel over the so-called universal language written within, and relish in the fact that these Freemasonic inspired and enlightened public servants and legislators had also the common man’s interest front and Center, we at the Keeping it Real Think Tank definitely do not accept that contention. (Reference: David Barton; "The Question of Freemasonry and the Founding Fathers”).

The motivation of money has always been top priority in the establishment of our republic. (Reference: Charles A. Beard; "An Economic Interpretation of the United States Constitution”). The Federal Reserve is an auspices of the twelve Central Banks, which has privately regulated and controlled our monetary system outside of the parameters of the govern body of the United States Government and with out any legislative or executive oversight. This gigantic monster was allowed to function with no due diligence restraints and without governmental oversight. (Reference: Eustace Mullins; "The Secrets of the Federal Reserve”).

The so-called Conspiracy Theoreticians had been warning and sounding the alarm for many years; Carroll Quigley, William Cooper, Gary Allen and Larry Abraham, David Icke, John Coleman, Henry Ford, etc., and many more, but we had ignored the alarm relative to the sinister agenda of the private international bankers. These above visionaries had informed us that the invisible rulers would eventually wreck our economy by one day calling in the outstanding debt. Some of us who study alternative history were not a bit surprised about this latest Wall Street economic fiasco.

This has been in the making for some time—this $700 billion dollar bailout is just a test run to check the pulse of the American people and the global society and we have failed dismally because their were no real resistance—they use panic and fear, as a barometer to measure human reactions to their orchestrated oppressive ploys. (Reference: Henry Ford: "The International Jew: The World's Foremost Problem")

Thus, when the bottom really dropout it is going to make the Great Depression of 1929 look like child's play. The Invisible Rulers are just fine tuning their strategy and preparing to call the debt in and they are also prepared for the fallout which will result into social mayhem and this will be dealt with by U.S. Government declaring Marshal Law on its own citizens. (Reference: Ravi Batra; "The Great Depression of 1990”).

It is a big joke and media deception, as we watch the controlled corporate media create this illusion for the American people; charade United States Treasury Department Secretary Henry Paulson out front; moreover, as though he is factoring into this $700 billion dollar bailout plan for some of the most prestigious and wealthiest banks and financial investment firms in the world. Secretary Paulson has no authority to mandate and/or make demands or recommendation to the Federal Reserve. Paulson is just window dressing and is only a very low-level operative puppet. These type decisions are way above Bush, Paulson and the entire United States Congress pay grades. The real monetary decision makers are hidden behind the Bank of International Settlements located in Basel, Switzerland, which is the mother bank of the Central Banks. The United States Treasury Department can be equated to a bank without money, which is a worthless treasury that can be liken to only a symbol without real substance.

Senator Barack Obama and Senator John McCain, the U.S. Congress and the U.S. President are talking tough and strong language relative to regulating and reforming banking and finance on Wall Street. There is a lot of conversation about creating new oversight legislation and enforcement policy to so-called ensure the public that they are working to put safety nets in place to protect the people from ever having to absorb this type of private debt again, what eventually will factor into being a three trillion dollar bailout of the corporate Elite, when it is all said and done.

There is still nothing in place that would prevent the reoccurrences of this same type economic situation from happening tomorrow. Those that induce this panic still possess all the power and control over our monetary system and they are not going to relinquish it no time soon. But has anyone notice, that there has not been any talk of reforming and restructuring the Federal Reserve System. This writer wonders, why? (Reference: William Greider; “Secrets of the Temple: How the Federal Reserve Runs the Country”).

There lies the real problem; the wise amongst us know that as long as, this illegal Cartel continues to have control over the money, they essential hold the life blood to humanity. The Central Bankers are deemed the untouchables and answers to no one but themselves. This writer will let you in on a little secret; the United States Government has no authority or legal ability to make any decision relative to the Federal Reserve.

The American Declaration of Independence gives us some beautiful instructions and it is about time we take heave. It stated, "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Government are instituted among Men, deriving their just powers from the consent of the governed. That whenever any Form of Government becomes destructive of these ends, IT IS THE RIGHT OF THE PEOPLE TO ALTER OR ABOLISH IT, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to affect their Safety and Happiness. Prudence, indeed will dictate that Government long established should not be changed for light and transient causes; and accordingly all experiences hath shown, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, IT IS THEIR RIGHT, IT IS THEIR DUTY, TO THROW OFF SUCH GOVERNMENT, and to provide new Guards for their future security." (Reference: The United States Declaration of Independence the Continental Congress on July 4, 1776).

The so-called stiffening of regulation on Wall Street is just like putting a band aid on cancer. This will not cure the cancer; the disease will continue to spread until it is properly dealt with. The financial disease has its origin with the Federal Reserve and the Central Banks this is the root cause of the United States financial institutions collapse. Senator Obama nor John McCain will not utter one word pertaining to reforming perhaps the most powerful entity in the world the Federal Reserve System; any such criticism will automatically represent political doomsday for either candidate which will bring an automatic end to there political careers and possible lose their lives.

Thus, keep this in mind the United States Congress has no authority to even ask for an audit of the Federal Reserve records. No, one has asked the question; why was President George Bush in such a hurry and rushing and possessing this sense of urgency of getting this $700 billion dollars bailout money to so-called financially rescue these wealthy banking institutions?

This writer is of the opinion, that this represented Bush's final act and Crown Jewel, which will complete the covert goal of stripping the American people and further enslaving us (and our unborn children) for next fifty (50) too one hundred (100) years. The hidden paymasters will say to him, "My loyal and faithful servant Job well done”. Perhaps, this writer is the only one who has noticed this; Bush asked the American people to bailout these financial institutions, which we have incurred a debt for at least the next five to six generation that is yet unborn. Why did not he just end the unjust war in Iraq which is another U.S. Taxpayers burden?

This would represent billions of dollars that the government could save. No, one said, "Mr. President the U.S. Taxpayers are already over extended, why not ease this enormous economic, political and social burden by ending the Iraq War?" This should have been a pre-condition made by the United States Congress on the president before agreeing to earmark $700 billion dollars of the taxpayers’ money to bailout these den of thieves. Bush and the hidden Elitist are making huge sums of money off the war in Iraq, war is very, very profitable and it is even more profitable if the booty is the most valuable commodities in the world—oil.

The Congress debating this issue was more for duping the American public by giving them the appearance that these Congressional lawmakers are being sensitive to the legitimate political aspirations of its ignorant constituents. They are only part of the con game. There was no real Congressional resistance to this bailout because many of these high level and ranking politicians were put in office by Lehman Brothers, Merrill Lynch, Bear-Sterns, JP Morgan, AIG, Wachovia, etc. This writer hopes that you did not think by exercising your civic duty of voting and participating in the electoral process that it is because of you that these lawmakers are stationed in their privileged positions, it was not your vote that got these vultures were they are politically. The powerful financial institutions have all your elected officials in their hip pocket.

The $700 billion dollar bailout had already been conceded upon months before the U.S. Congress went into close session. It had been rubber stamped some time before the artificial crises would manifest itself to the American people. The Subprime crisis was created by the Federal Reserve and the Central Banks to foster American societal panic, which creates fear and uncertanity and it allows these Chessboard moves to be carried out with little to no resistance from the masses. The United States Congress so-called debate was a deceptive ploy and smokescreen to further bait the American people into further rendering their freedoms. This reactionary move seals President Bush's role as the low level operative that was put in place to alter and deliver a brave new world to the invisible Elitist.

The American economic crises was induced in which to hold a nation hostage and give the appearance that the U.S. Economy is on the verge of collapsing and used propaganda machines (media) and the political and economic talking heads to convince the ignorant masses that we were going to be effected adversely, if we did not agree to this $700 billion dollar heist popular referred to as the bailout. Both the Federal Reserve and Internal Revenue Service should be outlawed, These Robber Barons have now taking their long arms and reached into the pockets of an unborn future generation and had already tapped unmade wealth. Yes, history bears witness that the same faces and players—the money changers consistently keep on reoccurring at every turn in the history of humanity; this writer does not believe this to be coincidental.

The U.S. Congress and the president do not give damn about the interest of the American people. What is it going to take before we wake the hell up? The same bloodsucking Cabal the Rothschilds, Rockefellers, the Morgans and their blood descendents with this latest Wall Street crises decided to take another move on the chessboard, which is slowly calling the debt in. (Reference: Arthur Koestler Thirteen Tribes).

After-all it is their money or at least their illusion—now on the Unites States side of this issue, they will soon declare our Federal Reserve notes valueless and obsolete—no longer to be accepted as the medium of exchange, but this recent induce panic is causing people to start stock piling Federal Reserve notes and after purchasing all this worthless paper, they will soon find out they have nothing. Thus, the invisible rulers will come out and declare your Federal Reserve notes as being unredeemable as an exchange note to be used for commodities—goods and services.

This writer would ask you to just reason with him for just a moment; on September 11, 2001 the entire world was altered due to a United States induce catastrophe , which made one of the greatest appeals to the fears and exposed the psychological vulnerability of a spoil and disengaged people. They led us down the road of National Security and used the media to paint the religion of Islam and Muslims as terrorist and the natural enemies of the West and was inherently evil. (Reference: Richard Nixon; "A Challenge to Being a One World Superpower").

The Bush administration convinced us that we needed better public policy and a legal arsenal to deal with this so-called new war—terrorism and forty-three (43) days after 9/11 the U. S. Congress passed the United States Patriot Act, perhaps the most reactionary piece of legislation in the history of America. This legislation rendered the United States Constitution as being a thing of the past and was replaced by this new document that established "New Rules" which noticeably took out the "Rights" of the American citizens that was so-called granted and guaranteed under the old U.S. Constitution.

The United States Government since 9/11 feel they can do what ever they want because the people's will to fight and resist have been compromised by a false sense of materialism and many still believe even at this late date that the government holds the interest of its citizens as top priority, of course we at the Keeping It Real Think Tank believe and think just the opposite. President Bush was used to strip the American people of their civil liberties, he used innocent young soldiers to colonize Iraq and carryout an imperialistic agenda of stealing oil. Thus, after stealing oil—the consumers are paying more at any in time in history of our nation for this commodity; and lastly, they heisted $700 billion dollars from the American people which was gift wrapped for the most wealthiest sector of our society—big business and then mandated that the slaves pay for their future enslavement. I am from the streets and where I am from the brothers would call this ordeal blood raw. (Reference: James M. Day; "What Every American Should Know about the Mid East and Oil").

Fahim A. Knight-EL Chief Researcher for KEEPING IT REAL THINK TANK located in Durham, NC; our mission is to inform African Americans and all people of good will of the pending dangers that lie ahead; as well as decode the symbolisms and reinterpret the hidden meanings behind those who operate as invisible forces, but covertly rules the world. We are of the belief that an enlighten world will be better prepared to throw off the shackles of ignorance and not be willing participants for the slaughter. Our MOTTO is speaking truth to power. Fahim A. Knight-EL can be reached at fahimknight@yahoo.com.

STAY AWAKE UNTIL WE MEET AGAIN,
Fahim A. Knight-EL

3 comments:

Anonymous said...

Amazing. The first ever global depression will go down in history horribly misunderstood. What a pathetic bunch of ignorant fools we have become. Consumer junkie credit card morons. Perfect little victims. Say that reminds me.

Don’t believe one optimistic word from any public figure about the economy or humanity in general. They are all part of the problem. Its like a game of Monopoly. In America, the richest 1% now hold ALMOST 1/2 OF ALL UNITED STATES WEALTH. Unlike ‘lesser’ estimates, this includes all stocks, bonds, cash, offshore accounts, and material assets held by America’s richest 1%. Even that filthy pig Oprah acknowledged that it was at about 50% in 2006. Naturally, she put her own ‘humanitarian’ spin on it. Calling attention to her own ‘good will’. WHAT A DISGUSTING HYPOCRITE SLOB. THE RICHEST ONE PERCENT HAVE LITERALLY MADE WORLD PROSPERITY ABSOLUTELY IMPOSSIBLE. Don’t fall for any of their ‘humanitarian’ CRAP. ITS A SHAM. THESE PEOPLE ARE CAUSING THE SAME PROBLEMS THEY PRETEND TO CARE ABOUT. Ask any professor of economics. Money does not grow on trees. The government can’t just print up more on a whim. At any given time, there is a relative limit to the wealth within ANY economy of ANY size. So when too much wealth accumulates at the top, the middle class slip further into debt and the lower class further into poverty. A similar rule applies worldwide. The world’s richest 1% now own over 40% of ALL WORLD WEALTH. This is EVEN AFTER you account for all of this ‘good will’ ‘humanitarian’ BS from celebrities and executives. ITS A SHAM. As they get richer and richer, less wealth is left circulating beneath them. This is the single greatest underlying cause for the current US recession. The middle class can no longer afford to sustain their share of the economy. Their wealth has been gradually transfered to the richest 1%. One way or another, we suffer because of their incredible greed. We are talking about TRILLIONS of dollars which have been transfered FROM US TO THEM. All over a period of about 27 years. Thats Reaganomics for you. The wealth does not ‘trickle down’ as we were told it would. It just accumulates at the top. Shrinking the middle class and expanding the lower class. Causing a domino effect of socio-economic problems. But the rich will never stop. They just keep getting richer. Leaving even less of the pie for the other 99% of us to share. At the same time, they throw back a few tax deductible crumbs and call themselves ‘humanitarians’. Cashing in on the PR and getting even richer the following year. IT CAN’T WORK THIS WAY. Their bogus efforts to make the world a better place can not possibly succeed. Any ‘humanitarian’ progress made in one area will be lost in another. EVERY SINGLE TIME. IT ABSOLUTELY CAN NOT WORK THIS WAY. This is going to end just like a game of Monopoly. The current US recession will drag on for years and lead into the worst US depression of all time. The richest 1% will live like royalty while the rest of us fight over jobs, food, and gasoline. So don’t fall for any of this PR CRAP from Hollywood, Pro Sports, and Wall Street PIGS. ITS A SHAM. Remember: They are filthy rich EVEN AFTER their tax deductible contributions. Greedy pigs. Now, we are headed for the worst economic and cultural crisis of all time. Crime, poverty, and suicide will skyrocket. SEND A “THANK YOU” NOTE TO YOUR FAVORITE MILLIONAIRE. ITS THEIR FAULT. I’m not discounting other factors like China, sub-prime, or gas prices. But all of those factors combined still pale in comparison to that HUGE transfer of wealth to the rich. Anyway, those other factors are all related and further aggrivated because of GREED. If it weren’t for the OBSCENE distribution of wealth within our country, there never would have been such a market for sub-prime to begin with. IF IT WEREN’T FOR THE OBSCENE, UNREASONABLE, AND UNJUST DISTRIBUTION OF UNITED STATES WEALTH, THERE NEVER WOULD HAVE BEEN SUCH A MARKET FOR SUB-PRIME AND THERE NEVER WOULD HAVE BEEN A COLLAPSE IN THE HOUSING MARKET. Sub-prime did not cause the problem. It only accelerated the outcome. Which by the way, was another trick whipped up by greedy bankers and executives. IT MAKES THEM RICHER. The credit industry has been ENDORSED by people like Oprah Winfrey, Ellen DeGeneres, Dr Phil, and many other celebrities. IT MAKES THEM RICHER. In fact, they specifically endorsed Countrywide by name. The same Countrywide widely responsible for predatory adjustable rate sub-prime lending and the accelerated collapse of the housing market. ENDORSED BY OPRAH WINFREY, ELLEN DEGENERES, AND DR PHIL. Now, there are commercial ties between nearly every industry and every public figure. IT MAKES THEM RICHER. It also drives up the cost for nearly every product and service on the market. So don’t fall for their ‘good will’ BS. ITS A LIE. If you fall for it, then you’re a fool. If you see any real difference between the moral character of a celebrity, politician, attorney, or executive, then you’re a fool. No offense fellow citizens. But we have been mislead by nearly every public figure. We still are. Even now, they claim to be ‘hurting’ right along with the rest of us. As if gas prices actually effect the lifestyle of a millionaire. ITS A LIE. IN 2007, THE RICHEST 1% INCREASED THEIR AVERAGE BOTTOM LINE WEALTH AGAIN. On average, they are now worth over $4,000,000 each. Thats an all time high. As a group, they are now worth well over $17,000,000,000,000. THATS WELL OVER SEVENTEEN TRILLION DOLLARS. Another all time high. Which by the way, is much more than the entire middle and lower classes combined. Also more than enough to pay off our national debt, fund the Iraq war for a decade, repair our infrastructure, and bail out the US housing market. Still think that our biggest problem is China? Think again. Its the 1% club. That means every big name celebrity, athlete, executive, entrepreneur, developer, banker, and lottery winner. Along with many attorneys, doctors, and politicians. If they are rich, then they are part of the problem. Their incredible wealth was not ‘created’, ‘generated’, grown in their back yard, or printed up on their command. It was transfered FROM US TO THEM. Directly and indirectly. Its become near impossible to spend a dollar without making some greedy pig even richer. Don’t be fooled by the occasional loss of a millionaire’s fortune. Overall, they just keep getting richer. They absolutely will not stop. Still, they have the nerve to pretend as if they care about ordinary people. ITS A LIE. NOTHING BUT CALCULATED PR CRAP. WAKE UP PEOPLE. THEIR GOAL IS TO WIN THE GAME. The 1% club will always say or do whatever it takes to get as rich as possible. Without the slightest regard for anything or anyone but themselves. Reaganomics. Their idea. Loans from China. Their idea. NAFTA. Their idea. Outsourcing. Their idea. Sub-prime. Their idea. High energy prices. Their idea. Oil ‘futures’. Their idea. Obscene health care charges. Their idea. The commercial lobbyist. Their idea. The multi-million dollar lawsuit. Their idea. The multi-million dollar endorsement deal. Their idea. $200 cell phone bills. Their idea. $200 basketball shoes. Their idea. $30 late fees. Their idea. $30 NSF fees. Their idea. $20 DVDs. Their idea. Subliminal advertising. Their idea. Brainwash plots on TV. Their idea. Vioxx, and Celebrex. Their idea. Excessive medical testing. Their idea. The MASSIVE campaign to turn every American into a brainwashed, credit card, pharmaceutical, medical testing, love-sick, celebrity junkie. Their idea. All of the above drive up the cost of living, shrink the middle class, concentrate the world’s wealth and resources, create a dominoe effect of socio-economic problems, and wreak havok on society. All of which have been CREATED AND ENDORSED by celebrities, athletes, executives, entrepreneurs, attorneys, and politicians. IT MAKES THEM RICHER. So don’t fall for any of their ‘good will’ ‘humanitarian’ BS. ITS A SHAM. NOTHING BUT TAX DEDUCTIBLE PR CRAP. In many cases, the ‘charitable’ contribution is almost entirely offset. Not to mention the opportunity to plug their name, image, product, and ‘good will’ all at once. Which is usually done just before or after the release of their latest commercial project. IT MAKES THEM RICHER. These filthy pigs even have the nerve to throw a fit and spin up a misleading defense with regard to ‘federal tax revenue’. ITS A SHAM. THEY SCREWED UP THE EQUATION TO BEGIN WITH. If the middle and lower classes had a greater share of the pie, they could easily cover a greater share of the federal tax revenue. They are held down in many ways because of greed. Wages remain stagnant for millions because the executives, celebrities, athletes, attorneys, and entrepreneurs, are paid millions. They over-sell, over-charge, under-pay, outsource, cut jobs, and benefits to increase their bottom line. As their profits rise, so do the stock values. Which are owned primarily by the richest 5%. As more United States wealth rises to the top, the middle and lower classes inevitably suffer. This reduces the potential tax reveue drawn from those brackets. At the same time, it wreaks havok on middle and lower class communities and increases the need for financial aid. Not to mention the spike in crime because of it. There is a dominoe effect to consider. IT CAN’T WORK THIS WAY. But our leaders refuse to acknowledge this. Instead they come up with one trick after another to milk the system and screw the majority. These decisions are heavily influensed by the 1% club. Every year, billions of federal tax dollars are diverted behind the scenes back to the rich and their respective industries. Loans from China have been necessary to compensate in part, for the red ink and multi-trillion dollar transfer of wealth to the rich. At the same time, the feds have been pushing more financial burden onto the states who push them lower onto the cities. Again, the hardship is felt more by the majority and less by the 1% club. The rich prefer to live in exclusive areas or upper class communities. They get the best of everything. Reliable city services, new schools, freshly paved roads, upscale parks, ect. The middle and lower class communities get little or nothing without a local tax increase. Which, they usually can’t afford. So the red ink flows followed by service cuts and lay-offs. All because of the OBSCENE distribution of bottom line wealth in this country. Anyway, when you account for all federal, state, and local taxes, the middle class actually pay about the same rate as the rich. The devil is in the details. So when people forgive the rich for their incredible greed and then praise them for paying a greater share of the FEDERAL income taxes, its like nails on a chalk board. I can not accept any theory that our economy would suffer in any way with a more reasonable distribution of wealth. Afterall, it was more reasonable 30 years ago. Before Reaganomics came along. Before GREED became such an epidemic. Before we had an army of over-paid executives, bankers, celebrities, athletes, attorneys, doctors, investors, entrepreneurs, developers, and sold-out politicians to kiss their asses. As a nation, we were in much better shape. Strong middle class, free and clear assets, lower crime rate, more widespread prosperity, stable job market, lower deficit, ect. Our economy as a whole was much more stable and prosperous for the majority. WITHOUT LOANS FROM CHINA. Now, we have a more obscene distribution of bottom line wealth than ever before. We have a sold-out government, crumbling infrastructure, energy crisis, home forclosure epidemic, credit crunch, weak US dollar, 13 figure national deficit, and 12 figure annual shortfall. The cost of living is higher than ever before. Most people can’t even afford basic health care. ALL BECAUSE OF GREED. I really don’t blame the 2nd -5th percentiles in general. No economy could ever function without some reasonable scale of personal wealth and income. But it can’t be allowed to run wild like a mad dog. ALBERT EINSTEIN TRIED TO MAKE PEOPLE UNDERSTAND. UNBRIDLED CAPITALISM ABSOLUTELY CAN NOT WORK. TOP HEAVY ECONOMIES ALWAYS COLLAPSE. Bottom line: The richest 1% will soon tank the largest economy in the world. It will be like nothing we’ve ever seen before. The American dream will be shattered. and thats just the beginning. Greed will eventually tank every major economy in the world. Causing millions to suffer and die. Oprah, Angelina, Brad, Bono, and Bill are not part of the solution. They are part of the problem. THERE IS NO SUCH THING AS A MULTI-MILLIONAIRE HUMANITARIAN. EXTREME WEALTH MAKES WORLD PROSPERITY ABSOLUTELY IMPOSSIBLE. WITHOUT WORLD PROSPERITY, THERE WILL NEVER BE WORLD PEACE OR ANYTHING EVEN CLOSE. GREED KILLS. IT WILL BE OUR DOWNFALL. Of course, the rich will throw a fit and call me a madman. Of course, they will jump to small minded conclusions about ‘jealousy’, ‘envy’, or ’socialism’. Of course, their ignorant fans will do the same. You have to expect that. But I speak the truth. If you don’t believe me, then copy this entry and run it by any professor of economics or socio-economics. Then tell a friend. Call the local radio station. Re-post this entry or put it in your own words. Be one of the first to predict the worst economic and cultural crisis of all time and explain its cause. WE ARE IN BIG TROUBLE.

So what can we do about it? Well, not much. Unfortunately, we are stuck on a runaway train. The problem has gone unchecked for too many years. The US/global depression is comming thanks to the 1% club. It would take a massive effort by the vast majority to prevent it. Along with a voluntary sacrifice by the rich. THATS NOT GOING TO HAPPEN. But if you believe in miracles, then spend your money as wisely as possible. Especially in middle and lower class communities. Check the Fortune 500 list and limit your support of high profit/low labor industries (Hollywood, pro sports, energy, credit, pharmaceutical, cable, satelite, internet advertising, cell phone, high fashion, jewelry, ect.). Cancel all but one credit card for emergencies only. If you need a cell phone, then do your homework and find the best deal on a local pre-pay. If you want home internet access, then use the least expensive provider, and share accounts whenever possible. If you need to search, then use the less popular search engines. They usually produce the same results anyway. Don’t click on any internet ad. If you need the product or service, then look up the phone number or address and contact that business directly. Don’t pay to see any blockbuster movie. Instead, wait a few months and rent the DVD from a local store or buy it USED. If you want to see a big name game or event, then watch it in a local bar, club, or at home on network TV. Don’t buy any high end official merchendise and don’t support the high end sponsors. If its endorsed by a big name celebrity, then don’t buy it. If you can afford a new car, then make an exception for GM, Ford, and Dodge. If they don’t increase their market share soon, then a lot more people are going to get screwed out of their pensions and/or benefits. Of course, you must know by now to avoid those big trucks and SUVs unless you truly need one for its intended purpose. Don’t be ashamed to buy a foreign car if you prefer it. Afterall, those with the most fuel efficient vehicles consume a lot less foreign oil. Which accounts for a pretty big chunk of our trade deficit. Anyway, the global economy is worth supporting to some extent. Its the obscene profit margins, trade deficits, and BS from OPEC that get us into trouble. Otherwise, the global economy would be a good thing for everyone. Just keep in mind that the big 3 are struggling and they do produce a few smaller reliable cars. Don’t frequent any high end department store or any business in a newly developed upper class community. By doing so, you make developers richer and draw support away from industrial areas and away from the middle class communities. Instead, support the local retailer and the less popular shopping centers. Especially in lower or middle class communities. If you can afford to buy a home, then do so. But go smaller and less expensive. Don’t get yourself in too deep and don’t buy into the newly developed condos or gated communities. Instead, find a modest home in a building or neighborhood at least 20 years old. If you live in one of the poorer states, then try to support its economy first and foremost. Be on the lookout for commercial brainwash plots on TV. They are written into nearly every scene of nearly every show. Most cater to network sponsors and parent companies. Especially commercial health care. Big business is fine on occasion depending on the profit margins and profit sharing. Do your homework. If you want to support any legitimate charity, then do so directly. Never support any celebrity foundation. They spend most of their funding on PR campaigns, travel, and high end accomodations for themselves. Instead, go to Charitywatch.org and look up a top rated charity to support your favorite cause. In general, support the little guy as much as possible and the big guy as little as possible. Do your part to reverse the transfer of wealth away from the rich and back to the middle and lower classes. Unfortunately, there is no perfect answer. Jobs will be lost either way. Innocent children will starve and die either way. But we need to support the largest group of workers with the most reasonable profit margins. We also need to support LEGITIMATE charities (Check that list at Charitywatch.org). This is our only chance to limit the severity and/or duration of the comming US/global depression. In the meantime, don’t listen to Bernanke, Paulson, Bartiromo, Orman, Dobbs, Kramer, OReiley, or any other public figure with regard to the economy. They are all plenty smart but I swear to you that they will lie right through their rotten teeth. IT MAKES THEM RICHER. These people work for big business. The ‘experts’ they cite also work for big business. They are all motivated by their desire to accumulate more wealth. THEY WILL LIE RIGHT THROUGH THEIR ROTTEN TEETH. So don’t fall for their tricks. Instead, look at the big picture. The economic problems we face have been mounting for well over 20 years. All of them caused or aggrivated by a constant transfer of wealth from poorer to richer. Soon, it will cause the first ever GLOBAL DEPRESION. Its not brain surgery. Its simple math. Like I said, you are welcome to run this by any professor of economics or socio-economics. If thats not good enough, then look up what Einstein had to say about greed, extreme wealth, and its horrible concequences. I speak the truth. GREED KILLS. IT WILL BE OUR DOWNFALL.

Its already underway. A massive campaign to divert our attention. Trump, Buffet, OReiley, Dobbs, Pickens, Norris, and several other well known filthy rich public figures have been running their mouths about the economy. Finally admitting a hint of severity after almost 2 years of denial. They even have the nerve to acknowledge the possibility of a US/global depression. Still, they refuse to acknowledge the single greatest underlying cause. Instead, they focus on policies, procedures, and circumstances that were born FROM the underlying cause. Dancing their way around the big picture. DON'T FALL FOR IT. Remember: Our national debt was way up BEFORE sub-prime. Consumer debt was way up BEFORE sub-prime. The cost of living was up BEFORE sub-prime. Wall Street profits were obscene BEFORE sub-prime. The middle class were loosing free and clear assets BEFORE sub-prime. Our infrastructure was in bad shape BEFORE sub-prime. Loans from China were taken out BEFORE sub-prime. The dollar was loosing value BEFORE sub-prime. So don’t let these cowardly filthy rich public figures divert your attention or limit your range of thought. THE CURRENT ECONOMIC CRISIS WAS NOT CAUSED BY A SINGLE POLICY OR PROCEDURE. IT WAS CAUSED PRIMARILY BY A MASSIVE TRANSFER OF WEALTH FROM POOR TO RICH. THIS ALSO REPRESENTS A MASSIVE CONCENTRATION OF CAPITAL WORLDWIDE. OTHERWISE, THERE WOULD NOT HAVE BEEN SUCH A MARKET FOR SUB-PRIME AND THERE WOULD NOT HAVE BEEN A GLOBAL CREDIT CRUNCH. MONEY DOES NOT GROW ON TREES AND IT DOES NOT JUST FLOAT AWAY. IT ONLY TRANSFERS FROM ONE PARTY TO ANOTHER. ALBERT EINSTEIN TRIED TO MAKE PEOPLE UNDERSTAND. GREED KILLS. IT WILL BE OUR DOWNFALL.

A word for those who respond with the usual ‘I know more than you. Look how smart, knowledgable, and articulate I am’ crap. Let me say this in advance. I don’t claim to be an expert in this field. But I did go on record with these predictions long before any public figure uttered the word ‘recession’. If you search long enough, you will find my early postings from ‘05′ and ‘06′. Including the first draft of this rant. Since then, I’ve gone on record against people like Greenspan, Bernanke, and Paulson. So far, my predictions have been accurate. Like I said. This is not brain surgery. For the mostpart, its simple math. When you concentrate the world’s wealth, you also concentrate its capital and shrink the middle class along with the potential market for every major industry. Homes go unsold. Bills go unpaid. Banks fail. More products go unsold. Jobs are lost. More banks fail. and so on. and so on. It happened 80 years ago. It will happen again. This time on a global scale. Throughout the cycle, the rich will tighten their grip. Concentrating the world’s wealth and resources even further and ensuring the collapse of every major economy worldwide. Think it can’t happen? Think again. GREED KILLS. IT WILL BE OUR DOWNFALL.

Another thing. I don’t want credit for any of this. Otherwise, I would have given my full name a long time ago. As far as I’m concerned, you can put this rant in your own words and take credit for all of it. I don’t care. Just spread the word. Otherwise, the greatest injustice of all time will go down in history unchecked.

By the way. The bailout won’t work. IT WON’T WORK. The plan fails to address the fundamental problem. The middle class don’t need more credit. They need a reasonable share of the economic pie. They also need a lower cost of living and a chance to catch their breath. They need a break from all of the psychological marketing tricks and mass market BS. Most of all, they need to wake up and see the truth. GREED KILLS. IT WILL BE OUR DOWNFALL.

To my surprise, two public figures have found the courage to acknowledge this problem to some degree. On 11.07.07 former presidential candidate Ron Paul mentioned the massive transfer of wealth from poor to rich. He also hinted at the possibility of economic collapse. He did so on 'Face the Nation'. He was blacklisted almost immediately for doing so. On 9.28.08 former secretary of labor Robert Reich refered to the obscene levels of income inequality as part of a "recipe for disaster". He mentioned the richest one percent in particular. He did so on 'Late Night With Conan OBrien'. As far as I know, Albert Einstein was the first to explain the link between extreme wealth and economic instability. He did so in 1949. He explained how the first Great Depression was actually caused by a massive transfer of wealth from poor to rich. He predicted that it would happen again. We are about to witness the first ever GLOBAL DEPRESSION. Amazing. The prosperity of an entire world is about to be compromised. Almost entirely because of greed. IT WILL BE OUR DOWNFALL.

The point about our government printing up more money was that it can't be done "on a whim" and that there are serious concequences for doing so (weak dollar, higher gas prices, inflation). I never said that it can't be or hasn't been done at all. Afterall, those loans from china weren't infused in the form of Chinese currency. They were infused in the form of our own. Not given to the middle class but instead to the banks in the form of credit. Its done nothing but perpetuate the problem. It never has been and never will be the answer. Sorry if I wasn't explicit enough the first time. The original draft was written 2 years ago and intended to fit within 300 characters. Anyway, I'm no English major. So if any of you want to re-word this post, feel free to do so. Whatever it takes to make people understand.

kenny said...

Thanks for a classic analysis Fahim.

Anonymous said...

The Federal Reserve is Guilty of Helping Create the Global Financial Meltdown

Many investors and concerned citizens around the world are showing their outrage at what the Federal Reserve has done to the American economy with their easy money policies which caused the credit & real estate bubble and subsequent global financial meltdown.

Join the thousands who are signing & commenting on the Abolish the Federal Reserve Petition at http://www.petitiononline.com/fed/petition.html