Drive To Socialism Nears Completion

I have always insisted that the government is not stupid. They do not implement their "apparently" wreckless policies out of stupidity, greed or ignorance. No, it is much worse than that. Our public servants are purposely selling us down the globalist/socialist river, and the only way to get Americans to accept socialism without revolt is by collapsing our economy. THEN, the feds can ride in on the white horse and save the day.

I read the following commentary by Ty Andros from his monthly newsletter Tedbits and thought to myself "wow, there is actually somebody else that believes this too." I pass along this excerpt hoping you will enjoy his in-your-face bluntness as much as I do.

Traderbits Newsletter

March 22, 2010

As we near the APEX of the countertrend rallies in many markets and economies, the air is full of HIGHLY-COMBUSTIBLE situations just waiting for someone to light the MATCH. The full debacle of the next leg down in developed world economies is at the doorstep. What event will act as catalyst is unknowable, and the list of candidates is mountainous.

Corruption and criminality within the public sectors, crony capitalists and banksters set the stage for an explosive cocktail, are set to immolate the private sectors that still produce wealth and the public at large.

The greatest transfer of wealth from those that hold it in paper to those that don’t is UNDER WAY! A Crack-up Boom is on the horizon….

As the downturn in developed-world economies once again accelerates to the downside, volatility will expand just as it did in 2007 and 2008; volatility is opportunity to the prepared investor. Markets will zoom up and down as the NEW NORMAL unfolds, thus creating HUGE opportunity’s for those who embrace absolute return investments with the potential to thrive in these markets. Buy and hold is DEAD, absolute return investing strategies need to be a part of any diversified portfolio as the global financial crisis continues to unfold.

What is the new normal?

It is rising inflation and slow or no-growth economies where the public sectors, banksters and crony capitalists CONFISCATE, through taxes or regulatory favors , the remaining wealth in the private sector and transfer it to themselves. Governments pick winners and losers, misallocate increasingly-scarce capital and place their economies into regulatory STRAIGHTJACKETS, thus enshrining into law poor decisions and mandating politically-correct and practically-incorrect solutions and prohibiting superior ones. As a consequence, competitiveness, economic recovery and common sense recede further and further and are substituted with money PRINTED OUT OF THIN AIR. Take a look at this quote from the grand old sage Richard Russell (www.dowtheoryletters.com -- I urge you to subscribe):

“It's truly remarkable. Within the space of three or four generations Americans no longer even recognize Constitutional money! I've said before that gold is imbedded in the DNA of mankind. We're closing in on the time when, like a light bulb turning on, Americans will finally realize that they've been hoodwinked by one of the greatest swindles in the history of civilized man. They've been working and saving printed paper with the firm conviction that the paper they worked so hard for was money.

Wait, why is that printed paper worth anything at all? It's worth something simply because the government has pronounced by fiat that dollars are "legal tender for all debts, public and private." So the "dollars" that we work our whole lives for, is backed by nothing but the "full faith and credit of the United States." And how good is that credit? Two credit agencies are now threatening to lower the rating of US bonds. If that happens, it will be a monumental shocker? And yes, all sovereign money is now being judged and classified as to its worth. Did anyone ever gauge or debate the value of gold? As I see it, we're watching the very beginning of the end of fiat money.” - Richard Russell

Money printed out of thin air IS NOT Capital; it is not money; it is an IOU of morally- and fiscally-bankrupt public serpents, central bankers and the bankster cartels. CREDIT IS NOT MONEY. When people WAKE UP to this fact there will be riots in the streets.

One need look no further than Washington DC PURPOSELY steering the economy off a cliff using the Cloward-piven strategy or Saul Alinsky’s: Rules for Radicals; these playbooks are being fully implemented at the quickest speed possible.

At the moment, we see the government spending excessively and making promises to spend that cannot be kept. This is already a major problem in states like California and countries like Greece, but the federal government will soon join them. At all levels of government, promises to pay state and local pensions and to provide health care far outstrip its capacity to pay. The Congressional Budget Office and many others have been warning for years about the $50 or $60 trillion of unfunded liability. Washington's answer on health care?

"Offer an expensive drug benefit followed by a more expensive "reform" that increases the unfunded Medicare-Medicaid liability. Dissemble about the real costs." –Allan Meltzer

That is Cloward-piven in action -- expand government and make impossible promises until the collapse occurs and they nationalize EVERYTHING to make essential payments. It is the recipe for collapsing a market economy into a socialist one.