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Is this Capitalism?
By Ziad K. Abdelnour on 13 Jun 2013
I believe there is nothing normal about what Ben Bernanke and
the Federal government have done post
the 2008 crisis and continue to do today.
The Greenspan led Federal Reserve created two epic bubbles in
the space of six years which burst andhave done irreparable harm to
the net worth of the middle class. Rather than learn the lesson of
how
much damage to the lives of average Americans has been caused by
creating cheap easy money out of
thin air, our Ivy League self-proclaimed expert on the Great
Depression, Ben Bernanke, has ramped up
the cheap easy money machine to hyper-speed. There is nothing
normal about the path this man has
chosen. His strategy has revealed the true nature of the Federal
Reserve and their purpose to protect
and enrich the financial elites that manipulate this country for
their own purposes.
Despite the mistruths spoken by Bernanke and his cadre of banker
coconspirators, he can never reverse
what he has done. Frankly, I believe the country will not return
to normalcy in our lifetimes. Bernanke is
conducting a mad experiment and we are the rats in his maze. His
only hope is to retire before it blows
up in his face. Just as Greenspan inflated the housing bubble
and exited stage left, Bernanke is inflating a
debt bubble, stock bubble, bond bubble and attempting to
re-inflate the housing bubble just in time for
another Ivy League Keynesian academic, Janet Yellen, to step
into the bankers box. This genius thinks
Bernanke has been too tight with monetary policy. It seems
inflated egos are common among Ivy
League economist central bankers who think they can pull levers
and push buttons to control the
economy. Insanity at its best.
The gradual slide towards our national bankruptcy of wealth,
spirit, freedom, self-respect, morality,
personal responsibility, and common sense began in 1913 with the
secretive creation of the Federal
Reserve and the imposition of a personal income tax. Pandoras
Box was opened in this fateful year and
the horrors of currency debasement and ever increasing taxation
were thrust upon the American people
by a small but powerful cadre of unscrupulous financial elite
and the corrupt politicians that do their
bidding in Washington D.C. The powerful men who thrust these
evils upon our country set in motion a
chain of events and actions that will undoubtedly result in the
fall of the great American Empire, just as
previous empires have fallen due to the corruption of its
leaders and depravity of its people. Creating a
private central bank, controlled by the Wall Street cabal, and
allowing the government to syphon the
earnings of workers through increased taxation has allowed
politicians the ability to spend, borrow, and
print money at an ever increasing rate in order to get
themselves re-elected and benefit the cronies,
hucksters and bankers that pay the biggest bribes. None of this
benefit the average American, who sees
their purchasing power systematically inflated and taxed away.
This is not capitalism and it is not a
coincidence that war and inflation have been the hallmarks of
the last century.
When I critically scrutinize the economic, political, financial,
and social landscape at this point in history,
I come to the inescapable conclusion that our country and world
are headed into the abyss. This is most
certainly a minority viewpoint. The majority of people in this
country are still oblivious to the disaster
that will arrive over the next decade. Poor souls. The
unsustainability of our economic system built upon
assumptions of exponential growth, ever expanding debt,
increasing consumer spending, unlimited
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supplies of cheap easy to access oil, impossible to honor
entitlement promises, and a dash of mass
delusion should be apparent to even the dullest of government
public school educated drones
inhabiting this country.
It is sad to see that the citizens of this country have allowed
those in control of the government and
media to convince them the situation confronting us is just a
normal cyclical variation that will be
alleviated by tweaking existing economic policies and trusting
that Ben Bernanke will pull the right
monetary levers to get us back on course. The stress inflicted
on their brains in the last thirteen years of
bubbles and wars has clearly made the average person incapable
of distinguishing between normality
and abnormality. What they need is a rude awakening and I am
afraid they will get it sooner than later.
Frankly, you have to be really blind or just plain stupid to
convince yourself that everything that has
happened since 1996 is normal. Every fact supports the reality
that weve entered a period of extreme
abnormality and our response as a nation thus far has insured
that a disaster of even far greater
magnitude is just over the horizon. Anyone with an ounce of
common sense realizes the social mood is
deteriorating rapidly. We are in the midst of a Crisis period
that will result in earth shattering change,
but the masses want things to go back to normal and dont want to
face the facts. The dissonance
created by reality versus their wishes will resolve itself when
the next financial collapse makes 2008 look
like a walk in the park.
Sticking your head in the sand will not make reality go away.
The existing social, political, and financial
order will be swept away. What it is replaced by is up to us.
The choice is ours. What are you going to do
about it?
