"Obama is going to pay for my gas and for my mortgage"
The title says it all. I found that on the internet as a headline. There are those that really believe that. A sad state of affairs. A sad statement on the state of our "publik edukashun" as well. Maybe our media companies could share in the shame.
Folks, Obama ain't got no money to speak of. He ain't gonna pay for squat. You are. All of the money in the country comes from the production of goods and services. the Federal Reserve ain't got no money either. It makes it up out of nothing and lends it to banks and to the scum in our government with which they buy your votes. And you, yes you and your kids and grandkids are on the hook to pay back the fake money lent them with real money. Money you, yes you, make by the production of goods and services.
Socialism won't work. Whether it be democrat sponsored or it be republican sponsored. You cannot indefinitely steal from the productive to enrich the banksters and to buy votes of deabeats and would-be deadbeats. There is no free healthcare. There is no free education. There is no free retirement. There is no free food. There is no free government. Someone must pay with real dollars or yen or rubles or clams. The only real currency is that which is accepted in payment and is understood to have a value. It is a matter of faith. Once the manufacturing of money from nothing is started, it always goes to the same place. Inflation and inevitably, bankruptcy. One day folks wake up and realize that the house they bought ain't worth $450,000 real dollars they have to earn by work. One day they realize the ARM went up faster than their real wages. Then the house is dumped. The bank can't unload it for $450,000 and they gotta write down their asset base. Since the money "paid" by the bank for the house wan't real, it was an entry made in an electronic account, no one has it now. It has dissappeared. All gone. That money has evaporated from the economy.
And now, to make the soup even better, the government will take ownership of the "non-performing" assets and give the bank money (in exchange for a little ownership and control). Now the house belongs to the government. Who is going to pay the local county and school taxes? Guess what just happened to your taxbase. Guess who will be called on to make up the difference? Remember, your town, state, city, county and schools all have bond obligations. Money they borrowed in your name. Since the taxbase just got smashed, there are going to be even more loans going into default. Who is going to bail those out? And, after a few years and the federal government decides to go and look at their "asset (remember the house that was repossessed and taken over by Uncle Sam), the "asset will be in ruins. the copper and other sellables will be gone. The windows will be knocked out and the house will be in ruins. Instead of the "asset" carried on the government's book (undoubtabley at the original $450,000 so as to make the program look solvent) there will be a disaster that will cost thousands to knock down and haul off.
So goes another government solution to a problem caused by government in collusion with banksters!
By the way, do you know who owns the Federal Reserve that is loaning all this money to the banks and to you at interest through the Federal Government's borrowing? Not the government. Not you. the Federal Reserve is a private corportation owned by the Rockerfellers and Roschilds among others. The same bunch that own the Bank of England.
There is a reason that our Constitution only allowed the states to coin money in gold and silver and made no provisions for a central bank.
If any of this interests any of you, please google the "Tulip Bubble". read it and apply the concept to today's situation. There ain't nuthin new under the sun.
And, as I have written and said ad nauseum:
IF GOVERNMENT IS THE ANSWER, IT IS A STUPID QUESTION!
Folks, Obama ain't got no money to speak of. He ain't gonna pay for squat. You are. All of the money in the country comes from the production of goods and services. the Federal Reserve ain't got no money either. It makes it up out of nothing and lends it to banks and to the scum in our government with which they buy your votes. And you, yes you and your kids and grandkids are on the hook to pay back the fake money lent them with real money. Money you, yes you, make by the production of goods and services.
Socialism won't work. Whether it be democrat sponsored or it be republican sponsored. You cannot indefinitely steal from the productive to enrich the banksters and to buy votes of deabeats and would-be deadbeats. There is no free healthcare. There is no free education. There is no free retirement. There is no free food. There is no free government. Someone must pay with real dollars or yen or rubles or clams. The only real currency is that which is accepted in payment and is understood to have a value. It is a matter of faith. Once the manufacturing of money from nothing is started, it always goes to the same place. Inflation and inevitably, bankruptcy. One day folks wake up and realize that the house they bought ain't worth $450,000 real dollars they have to earn by work. One day they realize the ARM went up faster than their real wages. Then the house is dumped. The bank can't unload it for $450,000 and they gotta write down their asset base. Since the money "paid" by the bank for the house wan't real, it was an entry made in an electronic account, no one has it now. It has dissappeared. All gone. That money has evaporated from the economy.
And now, to make the soup even better, the government will take ownership of the "non-performing" assets and give the bank money (in exchange for a little ownership and control). Now the house belongs to the government. Who is going to pay the local county and school taxes? Guess what just happened to your taxbase. Guess who will be called on to make up the difference? Remember, your town, state, city, county and schools all have bond obligations. Money they borrowed in your name. Since the taxbase just got smashed, there are going to be even more loans going into default. Who is going to bail those out? And, after a few years and the federal government decides to go and look at their "asset (remember the house that was repossessed and taken over by Uncle Sam), the "asset will be in ruins. the copper and other sellables will be gone. The windows will be knocked out and the house will be in ruins. Instead of the "asset" carried on the government's book (undoubtabley at the original $450,000 so as to make the program look solvent) there will be a disaster that will cost thousands to knock down and haul off.
So goes another government solution to a problem caused by government in collusion with banksters!
By the way, do you know who owns the Federal Reserve that is loaning all this money to the banks and to you at interest through the Federal Government's borrowing? Not the government. Not you. the Federal Reserve is a private corportation owned by the Rockerfellers and Roschilds among others. The same bunch that own the Bank of England.
There is a reason that our Constitution only allowed the states to coin money in gold and silver and made no provisions for a central bank.
If any of this interests any of you, please google the "Tulip Bubble". read it and apply the concept to today's situation. There ain't nuthin new under the sun.
And, as I have written and said ad nauseum:
IF GOVERNMENT IS THE ANSWER, IT IS A STUPID QUESTION!
posted by nappy at 5:19 AM
1 Comments:
I saw that video too, scary.
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