Happy Thanksgiving!
Happy Thanksgiving! Here’s an interesting cartoon on the topic.
![[Thanksgiving In Washington]](http://www.naturalnews.com/cartoons/Thanksgiving_in_washington_600.jpg)
[source: NaturalNews.com]
There’s certainly one group of people who have a lot to be thankful for this Thanksgiving: The white-collar criminals in Washington who are looting the U.S. Treasury and stealing trillions of dollars from taxpayers.
That’s what this financial bailout really is, of course: A grand, desperate swindle that seeks to wring every last cent out of the U.S. dollar before the coming currency collapse. A collapse of the value of the U.S. dollar is coming soon. Just do the math: The end result is obvious. It will either be runaway inflation that leaves dollars virtually worthless or the abandonment of the dollar by the U.S. government and the adoption of a new currency (the Amero?) at confiscatory exchange rates that will wipe out the savings of most Americans.
You are witnessing the downfall of the American empire, and the Federal Reserve — a private bank that was stupidly handed the power over our nation’s money supply — is heaping new debt onto old debt, sending the U.S. into a tailspin of bad money from which it will never emerge. Consider this: It took the United States over 230 years to accumulate $5 trillion in debt. That national debt has now roughly tripled in the last 60 days. Officially, the national debt is now about $10 trillion, but with the Fed just announcing another $7 trillion in bailout money, we’re talking about a $17 trillion national debt that nobody even has a clue how to pay back.
The very idea that we can pay off bad debt with more bad debt is so utterly stupid in the first place, it could have only been dreamed up by politicians. It makes as much sense as paying off one credit card by taking out a cash advance on another credit card. That’s not a financial bailout; it’s more like a financial tar pit. But it’s exactly what the United States of America has decided to do.
Read the rest of the article here.
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November 27th, 2008 at 9:37 am
Awesome! Even deeper truth than that is that our money system was designed to enslave people anyway. The fractional reserve system is the practice of creating money out of debt. Which, intern, gives banks the rights to take your house if you can’t pay the debt. This of course forces you to compete for jobs to pay back the debt.
What happened to the free money system that our ancestors left Europe for in the first place?
We stopped backing money with gold because the banks planted politicians in the white house to get that type of legislation passed.
December 5th, 2008 at 7:52 am
Thanks for helping me justify my decision to buy some more physical silver when I get the chance. I try to remain as optimistic as possible, but any asset that’s dollar-based scares the crap out of me.
December 5th, 2008 at 8:25 am
What is even worse it seems is putting your money in the bank. After watching Zeitgeist Addendum it makes you want to put all your money in a safe or just get out of the dollar all together.