(Revolt of the Plebs) -- By Keith Johnson --
This week the Federal government will attempt to auction off 118 billion dollars in U.S. debt to anyone who thinks the U.S. dollar is a great place to be. Of course if you ask liars like Fed Chief Ben Bernanke or his young sidekick “tiny” Tim Geithner, they will most certainly assure you that the dollar is strong and that the U.S economy is on a miraculous rebound. But this is fiction...
Stewart Dougherty is a specialist in inferential analysis, the practice of identifying historic and contemporary patterns and then extrapolating their likely effects upon the future. In his recent piece, “America’s Impending Master Class Dictatorship”, Mr. Dougherty crunches some numbers for us and finds:
“According to the Federal Reserve’s most recent report on wealth, America’s private net worth was $53.4 trillion as of September, 2009. But at the same time, America’s debt and unfunded liabilities totaled at least $120,000,000,000,000.00 ($120 trillion), or 225% of the citizens’ net worth. Even if the government expropriated every dollar of private wealth in the nation, it would still have a deficit of $66,600,000,000,000.00 ($66.6 trillion), equal to $214,286.00 for every man, woman and child in America and roughly 500% of GDP. If the government does not directly seize the nation’s private wealth, then it will require $389,610 from each and every citizen to balance the country’s books.”...
Though the author of the following passage is unknown, it has been quoted as part of a speech given in 1943 by American Industrialist H.W. Prentis though much of what he said has been attributed to late 18th Century writer Andrew Fraser Tytler. Regardless of who or when it was said, it certainly seems prophetic now in relation to the situation we currently find ourselves in…
“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship. The average age of the world’s greatest civilizations from the beginning of history has been about 200 years. During those 200 years, these nations always progressed through the following sequence:
· From bondage to spiritual faith;
· From spiritual faith to great courage;
· From courage to liberty;
· From liberty to abundance;
· From abundance to complacency;
· From complacency to apathy;
· From apathy to dependence;
· From dependence back into bondage.
And what of our destiny? Will we go the way of North Korea, a communist regime that controls it’s population through hunger and fear? One only needs to read accounts of daily life in it’s largest city, Pyongyang to conclude that this is precisely what our masters have in store for us. Imagine living in tiny living quarters within towering, drab apartment complexes that siphon intermittent supplies of water and electricity while reliably feeding government propaganda through living room speakers that can never be fully turned down. A place where no citizen is allowed to drive or even own a bicycle. A place where rations of food are so miniscual that hunger and starvation are commonplace.
And though I suspect that none of us will live long enough to be forced to live under such harsh conditions, is it acceptable to use that as an excuse to leave that fate to our children?...MORE...LINK
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