October 03, 2008
This analysis is an Addendum to the report “No Exits on this Super-Highway!”
© Project HumanbeingsfirstTM. Permission granted to use freely as per copyright notice.
The bailout Bill passed the House in its second vote, as predicted by Project Humanbeingsfirst that it would, just a few moments ago, 263 to 171. President Bush immediately signed it into law on Friday afternoon, asserting:
“By coming together on this legislation, we have acted boldly to prevent the crisis on Wall Street from becoming a crisis in communities across our country,”
CNN Money reported that Rep. Sue Myrick, R-N.C., stated in a statement before the vote:
“We're on the cusp of a complete catastrophic credit meltdown. There is no liquidity in the market. We are out of time. Either you believe that fact, or you don't. I do.”
I suppose I do too. This is indeed a genuine crisis. The ordinary American stands to not only lose his shirt and her skirt, but also their comfortable lifestyles, and their meager lifesavings.
But it is also a manufactured crisis. And those pushing this particular bailout solution are the same peoples who deliberately manufactured the crisis. And subsequently, deliberately manipulated and shrunk the money and credit available to the public to substantiate the scare-mongering pressure that was being applied by their “insiders” in Congress.
Thus the same constituencies who had earlier called in to urge a NO vote on the Bill, may very well have called in to urge a YES revised vote. Only data available later will reveal the success of this Edward Bernays style public psyop – whether a majority of Congress persons changed their votes only due to the “insiders'” gun to their head, or whether they also had a face-saving rescue from their constituencies getting scared off by Wall Street action. The banks have sufficient liquidity to lend to each other, but not to the Main Street public in the guise of being wary of bad debt, as noted by CNN Money:
“For the past two weeks, lending between banks and between banks and businesses has gotten considerably more expensive. Small businesses are having trouble getting loans. As of midday Friday, one key measure showed that banks were hoarding cash rather than loaning it. Meanwhile, an indicator showing how willing banks are to lend each other was at an all-time high.”
It wasn't just happenstance, or simply the capitalist greed gone wild, that precipitated this crisis as many rational contrarians have asserted. It was a creed entirely of a different sort. This addendum to the report “No Exits on this Super-Highway!” explains it.
The fear-mongering that many Congressmen in their House Floor-Speeches had alluded to, including the explicit threat of Martial Law in America noted by Representative Brad Sherman, D-CA, and Martial Law already instituted in Congress to squelch debate and due process as alluded to by Representative Michael Burgess, R-Texas, really cemented the signing of this Bill today.
Under these circumstance, Grand Theft America has been initiated.
Project Humanbeingsfirst wrote a letter to the United States Congress yesterday, on October 02, 2008, suggesting to open a second more powerful front to disarm them. The letter stated:
“If at least one of you in your House speeches being televised on C-Span, will assert the falsity of the very basis upon which Martial Law in Congress has been enacted, and due to which, you are being compelled to vote and pass this audacious graft upon the nation in the closing hours of this Presidency, you may have a fighting chance to really be fair to your oath of office.
Assert the plain truth that the “war on terror” is a fiction! That the enemy is fabricated.
And therefore, the emergency and war-footings basis upon which the Martial Law has been declared in the House, is fictitious.
And therefore, you, as the Representative of the People, revolt against this fiction being forced upon you as it is preventing you from upholding your own oath of office to protect and serve the nation against all enemies, both foreign, and domestic!
By astutely challenging, as fraudulent and malfeasant, the very first principle upon which the Congress has been continually co-opted by this Administration in its Constitutional due processes and deliberations, you have the fighting chance of preventing a second vote on this banksters' bailout Bill in the House.
If this bill is voted upon now in the House, you can take it to the vaults that the bill will pass!”
If that second front had been opened by any Congress persons, it would have been tantamount to slaughtering the most sacred holy cow of America in its own highest temple. With media paying rapt attention, it would have surely postponed the voting.
It is Project Humanbeingsfirst's thesis that the threat to impose Martial Law was merely a bluff, and the uncourageous Congress blinked. It matters not what the tyrants do – for they shall do whatever they will – the good guys are supposed to follow their principles in guiding their own actions regardless, especially when they are even sworn to uphold a national obligation.
Besides, if it was the right time to impose Martial Law in the country, it would have surely been enacted without issuing blackmailing threats. All the preparations for such military policing of America have been in the works for a very long time, with a battle hardened military Brigade even getting ready to patrol the main streets USA starting October 01, 2008, as already reported by the Army Times. The threat of Martial Law has existed since 911 when the US government declared itself on war footings. But it hasn't been declared yet.
Therefore, the following question logically surfaces. If the eventual goal of the oligarchs is world government (see “The Enduring Capitalist Conspiracy For World Government”), and if the baby-step in that direction is to cement the North American Union and the creation of a new currency called Amero, and the way to reach that stage is through manufactured crises which would demand Martial Law as the only bailout solution, why was it not done during this present crisis when Martial Law was only threatened for passing this bailout Bill? Why not simply enact it in America – the 3rd Infantry Division’s 1st Brigade Combat Team is already at hand.
The answer is really simple – one cannot take the cake out of the oven before it is fully baked.
Or, to whip another cliché into frenzy, one cannot expect the soufflé to rise without beating it to death first!
That is the point – the NAU cannot be cemented so long as the United States, as a powerful entity, still retains scope for independence of action, and its peoples, still feeling empowered, and not fully shackled in the state of hopelessness. For no American, no matter how indoctrinated, will willingly agree to give up their beloved America and form a weird union with Mexico and Canada. Good natured and peaceable people in this country really love their nation like no other peoples on earth. For them, both country and nation mean only one thing, America. And they will fight back in normal times. Therefore, their will to fight has to be eliminated first. The independence, of the peoples, and the state, has to be whittled down, baby-steps at a time, towards complete disillusionment. A condition not dissimilar to the nation's state in the aftermath of the 1929 crash. Indeed, on the eve of Roosevelt's inauguration, the banking oligarchs had shut down all the banks in the country to paralyze the new President. Had the New Deal not existed, a fascist state in America – as was transpiring all over Europe – en-route to world government surely might have.
Thus notice, the consolidations that have occurred during the present crisis towards the creation of even greater financial combines than those previously existing, while saddling the nation and its peoples in a new debt-trap that actually has no upper bound. But that is still not sufficient to initiate Martial Law today. The soufflé hasn't risen sufficiently!
The approval of the $700 Billion bailout package is really the first down payment. This bailout Act, the new law of the land, has deliberate wording which is quite interesting when viewed in the light of an open commitment on the part of Congress to keep adding additional monies to the rescue plan. The bailout expense can rise to trillions of dollars – and that would be the time when the cake is fully baked!
Columnist Ben Stein describes the magnitude of the depths one can potentially fall, in his September 22, 2008 article calling it “the pit of loss is bottomless.” And we haven't quite reached that pit yet.
Investigative journalist and author Webster Tarpley, in his long missive on “Main Street Lending Facilitys” earlier today, October 03, 2008, called it “a black hole of hundreds of trillions of dollars of poisonous derivatives.”
Tarpley suggests that the total world derivatives are now between:
“$1 QUADRILLION (i.e., one thousand trillion) and $1.5 quadrillion, and Wall Street represents the lion's share of this ... A year ago, JP Morgan Chase alone officially had $93 TRILLION in derivatives of certain types more than six times the total Gross Domestic Product of the United States, and this is a very low-ball estimate indeed.”
I don't know where these numbers are from, apart from his own admitted guesstimates, but they seem oddly consistent with the notion of “bottomless”. Tarpley goes on to make the qualitative statement based on what had transpired during similar bailout attempts between 1929-1933, before the onset of the New Deal:
“No money that is put into Wall Street [for bailout] will ever pass through it to benefit anyone else. The Wall Street derivatives black hole is so powerful that it could easily eat the whole earth and the entire solar system, and still be just as bankrupt as it was to start with.”
The previous “WMD” mantra was manufactured to decimate the lesser humanity outside the shores of the United States in its external quest for “imperial mobilization”. Yes, they did feel the pain. The other side of the game, the domestic front, also needed a manufactured WMD – and this is what Warren Buffet called it: “Weapons of financial Mass Destruction”.
Yes, Americans shall also feel the pain. Not quite as excruciating, mercifully, as the Iraqis, the Palestinians, the Lebanese, the Afghanis, or as the Pakistanis are beginning to feel now – all for the pleasure of inducing the “Birth-pangs of a New Middle East”. This pain has meant very little to the “United we stand” clueless up until now. And the key question to ask is, why make these clueless suffer? Didn't they dutifully salute the flag?
And if America is out to dominate the world in its quest for “full spectrum dominance”, why destroy its own infrastructures such that its own civil engineers would give its state of disrepair a D grade? Doesn't Brzezinski's “The Grand Chessboard” explain it all as:
“perpetuat[ing] America's own dominant position for at least a generation and preferably longer” such that “no Eurasian challenger emerges, capable of dominating Eurasia and thus also challenging America”?
I suppose serious peoples would also have to read Brzezinski's 1970 classic “Between Two Ages” in order to comprehend the real hidden agenda driving America's “imperial mobilization” which remains un-articulated in 'the Grand Chessboard' and in PNAC's policy advocacy for American militarism. These are not end-goals, these are camouflaged baby-steps.
The real principle is that which led bankster David Rockefeller – the self-avowed globalist whose family funded the founding of the United Nations building in New York, and who supports and finances the Council on Foreign Relations (CFR) which is now advocating the North American Union – to create the Trilateral Commission, and install Zbigniew Brzezinski as its first Executive Director, after supposedly reading Brzezinski's book!
The sole superpower's might is being harnessed to usher in the systematic baby-steps to world government by America's blood-sucking hijackers: the financial oligarchs who have ruled America from behind the scenes for the past hundred years. Indeed, some argue that their brethren across the Atlantic rule all the European democracies, and especially the G-7 nations (Russia mercifully finally escaped from their clutches under Vladimir Putin).
The hand of Rockefeller and other globalist banksters is not only behind the CFR – the private foreign policy planning arm of the United States Government – but also his banks largely dominate the New York Fed. The Federal Reserve System, also simply called the Fed, is the privatized money supply arm of the United States Government, controlled by 12 of the largest private banks in the United States. There is as much federal about the Fed as Fedx.
Thus, note that both United States policy, and United States money, have the same oligarchs controlling them! What a remarkable realization of Rothschild's statement:
“give me control of a nation's money supply, and I care not who makes its laws”
And what an ominously prescient statement of both James Madison and Thomas Jefferson:
“History records that the Money Changers have used every form of abuse, intrigue, deceit and violent means possible to maintain their control over governments by controlling money and its issuance.” (Madison)
“I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.” (Jefferson)
The creation of the Fed was the most brilliant success of the oligarchs in their hijacking of America. They orchestrated the approval for its creation by Congress in 1913 under dubious circumstances at best. In reality, it was an outright subversion of due process. That one single Act of Congress in 1913, enabled the subsequent conquest of America by these bankster oligarchs. G. Edward Griffin's book “The Creature from Jekyll Island” details it all most thoroughly. And Professor Carroll Quigley's book “Tragedy and Hope” describes the rest of America's hijacking based on his full access to insider documents. The interested reader is directed to these seminal works for more in depth study. Those un-attuned to scholarly readings may find Paul Grignon's “Money as Debt”, a fast-paced 47-minute animated video tutorial, of invaluable assistance in learning about money and the Fed in less time than watching two episodes of Friends. This remarkable tutorial for all ages, is also available on google but please purchase the dvd to support its incredible creator. And for those still skeptical of CFR's grooming role in America's statesmen who subsequently enact its policies, see the confessional 1958 article in Harper magazine for an introduction to CFR written by one of its own members, titled: “School for Statesmen”.
Suffice it to assert here in conclusion of this summary background on the role of common oligarchic threads behind America's present financial as well as its foreign policy crises which has deliberately orchestrated its spiraling debt, that the behind the scenes control and manipulation of State destinies is not mere theory, philosophy, or false bravados. It is neither mere happenstance, nor vacuous greed for more money, nor blowback. It is the pursuit of the singular common vision already explained in “The Enduring Capitalist Conspiracy For World Government”. Even the famous and much revered British historian, Arnold Toynbee, who along with Lord Alfred Milner had founded the “Round Tables” in the early years of the twentieth century which had subsequently led to the founding of the CFR in the United States, and the RIIA in the UK, asserted it. In a speech before the Institute for the Study of International Affairs at Copenhagen, he stated:
“We are at present working discreetly with all our might to wrest this mysterious force called sovereignty out of the clutches of the local nation states of the world. All the time we are denying with our lips what we are doing with our hands, because to impugn the sovereignty of the local nation states of the world is still a heresy for which a statesman or publicist can perhaps not quite be burned at the stake but certainly be ostracized or discredited.” [Arnold Toynbee, “The Trend of International Affairs Since the War”, International Affairs, November 1931, p. 809.]
And today, his equally earnest legatees influencing both the CFR and the Fed, state the same thing:
“We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order.” [David Rockefeller – cited in “Quotation on Terrorism”, page 298]
And this friendly Fed is the same private entity that is now working in cahoots with the U.S. Government's Treasury Department to manage this crisis. Between the two, they orchestrated this bailout by forcibly prevailing upon Congress once again.
Well, one might ask, isn't the Treasury Secretary independent? How can the Fed influence them? Yes, the Treasury Secretary is indeed very powerful, and quite independent. But only in so far as his role within the United State's Government is concerned. The Secretary works for the same oligarchic interests in an incredible revolving door between the finance sector and the U.S. Government. Even a passing glance at Treasury Secretary Henry Paulson's resume, i.e., work history, makes that obvious.
The NAU is inevitable. It is the CFR's orchestration, and the globalist oligarchs wet dreams. The conditions for it are being rapidly created. And this bailout which further puts the United States in a position to default on its currency, to default on its trillions of dollars in debt servicing to other nations, is the set up.
This crisis, a baby-step in that direction, has been deliberately manufactured by the Bush Administration in collusion with Wall Street, for precisely the outcome which transpired today.
Here is some evidence for it.
Former NY Governor Eliot Sptizer revealed it in his Washington Post article of February 14, 2008, titled “Predatory Lenders' Partner in Crime - How the Bush Administration Stopped the States From Stepping In to Help Consumers”, and because of which, he was dethroned with a scandal. He had warned of almost 8 months ago:
“When history tells the story of the subprime lending crisis and recounts its devastating effects on the lives of so many innocent homeowners, the Bush administration will not be judged favorably. The tale is still unfolding, but when the dust settles, it will be judged as a willing accomplice to the lenders who went to any lengths in their quest for profits. So willing, in fact, that it used the power of the federal government in an unprecedented assault on state legislatures, as well as on state attorneys general and anyone else on the side of consumers.”
Greg Palast followed up a month later in his article of March 14, 2008, titled “Eliot's Mess The $200 billion bail-out for predator banks and Spitzer charges are intimately linked”, adding an epilogue to Eliot's afore-stated comment. After observing how Spitzer hath fallen in a $4300 a night 'escort' sting operation, Palast prematurely wrote how history had been spared in its judgment of Bush Administration:
“But now, the Administration can rest assured that this love story – of Bush and his bankers - will not be told by history at all – now that the Sheriff of Wall Street has fallen on his own gun.”
Author of Grand Theft America, Steve Lendman, summed it up to this author in an email communication “absolutely this crisis was manufactured. Problem is they created a monster that may end up devouring its creator”.
This is where I might mildly disagree with Lendman. The monster is in “fuzzy” chains, and only allowed measured extension on its probabilistic forays. At the right moment, it will be killed off to create the Amero, setting the stage for further financial upheaval in resource rich Asia left holding America's debt in “confederate currency”. This will create conditions quite congenial with just the right sprinkling of militarism and nuclear warfare, for eventually bringing about the third union in the world government agenda. Globalism does not deal in certainties, only in probabilities, loading the dice as needed to favor the outcomes of interest. These are calculated shenanigans. The size of the problem, deliberately a mushroom cloud, like any hydrogen bomb's.
I hope Lendman is wrong. I further hope that the oligarchs have miscalculated. That humanity is far greater in its resilience to fight back tyranny than what they give us credit for. Even George Orwell could not but help allow a faint smile to appear on the weathered face of the last common man on earth in “1984”. Surely a Patrick Henry is just around the corner!
While unbridled hope is perhaps the wishful thinking that leads to voluntary servitude, critical analysis is not.
All that is analyzed by Project Humanbeingsfirst, isn't peering into the Cassandra's crystal ball, or into the vibrant but immanent space of an armchair philosopher's fertile imagination.
It is political science writ large in the masterminds' own hand-writings and empirical deeds, and in the connection between disparate past events and the new emerging ones piece-meal.
And all paths rationally lead to the stated goal of world government. Some might however, still prefer to label the obvious, 'tin-hatted conspiracy theories'.
Project Humanbeingsfirst prefers to call the detective process of uncovering the secrets of “hegemony”, forensic science. And what is uncovered, political science – an art which is “as old as mankind.” It was succinctly described by James Jesus Angleton, the head of CIA Counter Intelligence operations from 1954 to 1974, as: “Deception is the state of mind, and the mind of the State.”
This Machiavellian rendition of political science as applied to state-craft, was so timelessly captured by G. Edward Griffin four decades ago, that it behooves upon an honest analyst to rehearse it repeatedly in order to remind the dumb-ass spectating world unable to recognize it while all of us sink deeper and deeper into the clutches of its enslavement, that, that's just the way unchecked power behaves!
“Create conditions so frightful at home and abroad, that the abandonment of personal liberties and national sovereignty, will appear as a reasonable price for a return to domestic tranquility and world peace.
... If those who seek world dominion can stimulate [terror threats, 911, new 911], and also provide exhaustive news coverage, so that the entire nation can see and tremble, then the peaceful and freedom loving majority can be programmed to accept a vast expansion of government powers, and even a national police force, offered supposedly to end the violence.
... If those who seek world dominion can raise the spectre of an enemy, [or economic condition], armed to the teeth with superior atomic weapons on the verge of launching a nuclear holocaust [radical Islamists], and also offer world-government as the prevention, then millions of Americans can be programmed to accept the loss of national sovereignty, as our last best hope for peace.” ( Words of G. Edward Griffin circa 1971-72 )
In conclusion, if FDR's New Deal had worked then, it is not entirely obvious why it should not work again.  
It is even less obvious why the courageous members of the United States Congress did not unite along bipartisan lines in the best interest of their beloved nation, to construct a New Deal as their counter group proposal. And instead, willingly chose to show their cowardice before the tyranny of the few. If the tyrants threaten Martial Law – let them follow through, for it would be forcing their hand prematurely towards something they plan on doing anyway. A soufflé before it has risen is worthless!
Thanks for reading. If this essay was useful, please write your Congress person to not fear tyranny – that you are with them. Six feet under, the maggots can't tell the difference anyway!
 After that sentence was written, which was based on the populist understanding of what FDR had supposedly accomplished in the New Deal, through actual research into the facts of the matter however, it has now become blatantly apparent why it would not work again. FDR at the time had capitulated to the banksters – some say he was in fact the banksters own very clever pointman – and changed America's money which was previously redeemable in gold, into fiat paper money, with the passing of The Emergency Banking Act, March 9, 1933. All the gold of the American peoples was confiscated, and in effect, handed over to the Federal Reserve System in lieu of an infinite supply of paper money constructed as a national debt. The principal of this national debt was never intended to be ever paid back – it was setup as an infinite inflationary supply source. However, the interest on it was to accrue exponentially – compound-interest – and this interest was payable by the American peoples, the consumers, the corporations, and all economic activity in the United States. In addition, making the US dollar world's reserve currency at Bretton-Woods by the victor of World War II, made increasing that principal a global impetus from the entire world's economic activity. Every US Treasury Security held by the oil producing nations courtesy of Henry Kissinger, every dollar held in foreign exchange reserves by the world's nations, indeed every dollar in circulation, contributed to this principal! Every dollar added to the principal that was beyond the growth of the American nation's real GDP – based on real production and not financial wizardry – was inflationary. Thus all economic activity due to debt financing, as opposed to balanced budget financing, was by design, made inflationary.
The word “inflationary” means when a dollar purchases less than it did before, or the same thing costs more than it did before. However it's official measurement also has become a con-game, and therefore, that word here is used to mean the real empirical experience of real wage-earning consumers who are the most susceptible to inflation (and who, incidentally, also pay the bulk of the interest on the national debt through their federal income tax), and not official reportage based on some artificial basket of goods. More the American worker made, more he paid out in taxes and in rising cost of living, so that he and she ended up with less and less in working families with even both parents working! Thus American public took on more and more debt, sometimes to make ends meet, and sometimes to enjoy the good times that were easily handed them on the platter of inextricable debt. And so the monster of debt fed itself. This wasn't just a side-effect as almost all the economists and politicians would have the ill-informed public believe, but by the very design of the monetary system under the Federal Reserve System.
That was quite a brilliant coup d'état under the guise of solving the problem of the Great Depression by the banksters! The same banksters funded the causes, and all participants, of World War II, just as they precipitated the Great Depression itself. It was a banksters' World War, and a banksters' Great Depression! And a banksters' currency that kept creating more and more debt by design. Their 'small' calculated baby-step to create world government led to more millions dead and disillusioned than all wars of all history added together. Just as it is re-playing out the same game today, but much closer to endgame. Since the year 1933 was only the beginning of the paper money scam – this incarnation of the central bankers' perpetual scam since time immemorial, actually began in 1910 at Jekyll Island, and got cemented with the passage of the Federal Reserve Act on December 23, 1913 – the cumulative national debt then was low, the interest payments were low, and the Frankenstein was just a cute baby boy. Therefore, President Roosevelt could trivially embark on his debt-financed spending spree which became known as the New Deal. See the debt-chart from 1900 to 2006 in the book by Van K Tharp here, and current national debt numbers proudly reported by the U.S. Treasury here. Today, such a spending spree is not possible in the existing monetary system because the Frankenstein of debt has now matured into an ugly monster about to devour its feeders. And yet, such a spending spree is still generously being granted to the banksters to the tune of $7.7 Trillion for bailout, as reported by Bloomberg on November 24, 2008! The New York Times further broke this number down in its report of November 25, 2008 – loans $1.7 trillion, Investments $3.0 trillion, Guarantees $3.1 trillion – noting “they would print as much money as needed to revive the nation’s crippled banking system ... some investments may prove profitable ... The Treasury secretary, Henry M. Paulson Jr., made it clear that the new lending facility was just a "starting point" and could be expanded to many other kinds of debt,”
To appreciate how the sheep are craftily being primed for the slaughter, see George J. W. Goodman's essay 'The German Hyperinflation, 1923' for historical context. Apart from the astronomical unpayable debt deliberately being run up, the hyper-inflationary direction where the Treasury secretary is steering the nation and the world with this 'solution' to the manufactured financial crisis, is in plain sight. This was a brilliantly orchestrated design, because the cure for this now fully grown grotesque Frankenstein – in order that it not devour its own creators – is being presented as a common global monetary system run by private central banks, owned by the very same banksters! And by making the dollar worthless – when a wheelbarrow full of dollars will barely purchase a loaf of bread – the 'United We Stand' from 'sea to shinning sea' patriotic masses will willingly accept a new currency, a new union, a new world order! A crafty and audacious planning of a hundred years expertly being brought to fruition! Please see the Monetary Reform Bibliography, and Monetary Conspiracy for World Government. The unfortunate populist version of FDR's New Deal is deeply entrenched in American society – like all its other indoctrinations – and it is even more exacerbated by polished disinformation documentaries like “1932” (see LaRouche: A nuanced and expert Disinformationist or merely Uber Alles? ). And the whole shebang of the Federal Reserve System is very cleverly camouflaged, and confounded, by its learned exponents and detractors alike (see Monetary Reform: Who will bell the cat? and also Chapter 6 of Ron Paul's book: Revolution; caveat lector on Ron Paul here!).
 Gerald Celente of Trends Research Institute similarly explains why any traditional New Deal would also not work again:
“We are going to go into a depression worse than the Great Depression, and here is why. There is a way to get out of this but not through fiscal or monetary stimulus. If we have an alternative energy break-through, beyond solar ..... that's as big as the discovery of fire or the invention of the wheel then we get out of this economic mess. Minus that, we are going to go into the greatest depression, and here is why:
1. Back when we had the last depression, most people didn't own homes, they didn't have all this burden that're carrying now, with taxes and everything else, insurance.
2. Back then, people didn't have home equity loans. Matter of fact, you know we are probably both old enough to know when people had something called second mortgages, they were called losers.
3. Back then, people didn't have credit cards. They weren't over 14 trillion dollars in debt.
4. Back then, the government had a trade surplus. We were not 700 billion dollars in the hole. And the people were self-sufficient.
5. Back then, the government was not spending 11.5 trillion in growing in the hole with a budget deficit.
6. Back then, we had budget surpluses.
7. Back then, we weren't costing us over 2 trillion dollars to fight wars.
8. Back then, we had a manufacturing base, that when the depression did end with the onset of WW II, we were able to manufacture ourselves out of it, and then later on the rest of the world.
9. Back then, people didn't have 401Ks and IRAs that were their future, evaporating right before them.
And the other thing people need to know was during the Depression, you could do some of these work-project things that they talk about. We didn't have these deficits that we have now. So to keep talking about stimulus packages, to keep talking about work-project packages, where is this money going to come from? And again, as every historian or economist knows, the only thing that got us out of that Depression, was WW II.” ( Gerald Celente, Trends Research, November 17, 2008, Alex Jones Show )
The author, an ordinary researcher and writer on contemporary geopolitics, a minor justice activist, grew up in Pakistan, studied EECS at MIT, engineered for a while in high-tech Silicon Valley (patents here), and retired early to pursue other responsible interests. His maiden 2003 book was rejected by six publishers and can be read on the web at http://PrisonersoftheCave.org. He may be reached at http://Humanbeingsfirst.org. Verbatim reproduction license at http://humanbeingsfirst.org/#Copyright.
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Link fix November 24, 2016
Why Bluff Martial Law? 14/14 Updated February 05, 2009