America’s Impending Master Class Dictatorship
January 23rd, 2010Holy shit, this one will scorch your eyeballs!
Forget my excerpts. Click through and read the whole thing. Highly recommended.
Via: Kitco:
Thanks to the endless barrage of feel-good propaganda that daily assaults the American mind, best epitomized a few months ago by the “green shoots,” everything’s-coming-up-roses propaganda touted by Federal Reserve Chairman Bernanke, the citizens have no idea how disastrous the country’s fiscal, monetary and economic problems truly are. Nor do they perceive the rapidly increasing risk of a totalitarian nightmare descending upon the American Republic.
One stark and sobering way to frame the crisis is this: if the United States government were to nationalize (in other words, steal) every penny of private wealth accumulated by America’s citizens since the nation’s founding 235 years ago, the government would remain totally bankrupt.
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. State, county and municipal debts and deficits are additional, already elephantine in many states (e.g., California, Illinois, New Jersey and New York) and growing at an alarming rate nationwide. In addition to the federal government, dozens of states are already bankrupt and sinking deeper into the morass every day.
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It is estimated that the top 1% of Americans control roughly 40% of the nation’s wealth. In other words, 3 million people own $21,400,000,000,000.00 ($21.4 trillion) in net private assets, while the other 305 million own the remaining $32,000,000,000,000.00 ($32 trillion). 77,000,000 (77 million) Americans (the lowest 25%) have mean net assets of minus $2,300 ($-2,300.00) per person; they live from paycheck to paycheck, or on public assistance. The lower 50% of Americans own mean net assets of $27,800 each, about enough to purchase a modest car. Obviously, it would be impossible to retire on such an amount without significant government or other assistance. Meanwhile, the richest 10% of Americans possess mean net assets of $3,976,000.00 each, or 143 times those of the bottom 50%; the top 2% control assets worth more than 1,500 times those in the bottom 50%. When you combine these facts with Wall Street’s typical multi-million dollar annual bonuses, you get an idea of wealth inequality in America. Historically, such extreme inequality has been a well-documented breeding ground for totalitarianism.
If the government decides to expropriate (steal) or commandeer (e.g., force into Treasuries) America’s private wealth in order to buy survival time, such a measure will be designed to destroy the common citizens, not the elite. Insiders will be given advance warning about any such plan, and will be able to transfer their money offshore or into financial vehicles immune from harm. Assuming that the elite moves its money to safety, there would then be $120,000,000,000,000.00 ($120 trillion) in American debt and liabilities supported by only $32,000,000,000,000.00 ($32 trillion) in private net worth, for a deficit of $88,000,000,000,000.00 ($88 trillion). In that case, each American would owe $285,714.29 to balance the country’s books. (Remember to multiply this amount by every person in your household, including any infant children.)
If the common people suspect that something diabolical was in the works, a portion of the $32 trillion in non-elite wealth could be evacuated as well prior to a government expropriation and/or currency devaluation, resulting in less money for the government to steal. What these statistics mean is that it is absolutely impossible for the government to fund its debt and deficits, even if it steals all of the nation’s private wealth. Therefore, the government’s only solutions are either formal bankruptcy (outright debt repudiation and the dismantling of bankrupt government programs) or unprecedented American monetary inflation and debt monetization. If the government chooses to inflate its way out of this fiscal catastrophe, the United States dollar will essentially become worthless. You can be absolutely certain that a PhD. in economics, such as Dr. Bernanke, is well aware of these realities, despite what he might say in speeches. For that matter, so are Chinese schoolchildren, who, when patronized by Treasury Secretary Geithner about America’s “strong dollar,” laughed in his face. One day, perhaps America’s school children will receive a real education so that they, too, will know when to laugh at absurd propaganda.
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These deficits and debts are now so gargantuan that they have become surreal abstractions impossible even for sophisticated financiers to begin to comprehend. The common citizen has absolutely no idea what these numbers mean, or imply for his or her future. The people have been deluded into thinking that America’s arrogant, egomaniacal, always-wrong-but-never-in-doubt fiscal witch doctors and charlatans, including Greenspan, Rubin, Summers, Geithner and Ponce de Bernanke, have discovered a Monetary Fountain of Youth that endlessly spits up free money from the center of earth, in a geyser of good will toward the United States. Unfortunately, this delusion is false: there is no Monetary Fountain of Youth, and contrary to the apparent beliefs of the self-deified man-gods in Washington, D.C., the debt and deficits are real, completely out of control, and 100% guaranteed to create catastrophic consequences for the nation and its people.
When government “representatives” deliberately sell into slavery the citizens of a so-called free Republic, they have committed treason against those people. This is exactly what has happened in the United States: the citizens have been sold into debt slavery that they and their descendants can never escape, because the debts piled onto their backs can never, ever be paid. Despite expensive and sophisticated brainwashing campaigns emanating from Washington, claiming that America can “grow” out of its deficits and debt, it is arithmetically impossible for the country to do so. The government’s statements that it can dig the nation out of its fiscal hole by digging an even deeper chasm have become parodies and perversions of even totally discredited and morally disgusting Keynesianism.
The people no longer have elected representatives; they have elected traitors.
The enslavement of the American people has been orchestrated by a pernicious Master Class that has taken the United States by the throat. This Master Class is now choking the nation to death as it accelerates its master plan to plunder the people’s dwindling remaining assets. The Master Class comprises politicians, the Wall Street money elite, the Federal Reserve, high-end government (including military) officials, government lobbyists and their paymasters, military suppliers and media oligarchs. The interests and mindset of the Master Class are so totally divorced from those of the average American citizen that it is utterly tone deaf and blind to the justifiable rage sweeping the nation. Its guiding ethics of greed, plunder, power, control and violence are so alien to mainstream American culture and thought that the Master Class might as well be an enemy invader from Mars. But the Master Class here, it is real and it is laying waste to America. To the members of the Master Class, the people are not fellow-citizens; they are instruments of labor, servitude and profit. At first, the Master Class viewed the citizens as serfs; now that they have raped and destroyed the national economy, while in the process amassing unprecedented wealth and power for themselves, they see the people as nothing more than slaves.
Liberty, humanity, a good and true and noble reality, all these shall arise again. Not in our lifetimes, but such shall not perish forever.
Watchman that you are, thank you for passing this on. My good words for you are so great, I spare you and all what would seem heights of hyperbole.
My wife thinks me undauntable and courageous for all that I have faced and lived through. Good and lovely and loving woman that she is. I have courage still, but truly, I am daunted. I will not say we all are; I won’t speak for others.
It will be okay. Some very farflung day. To whatever extent this wounded planet may yet sustain us.
But why devalue your currency, inflate, or steal the wealth of your own citizens, when you can steal the wealth of other nations and their citizens?
Wow. How this long-standing house of cards will collapse, I can’t figure. The social collapse scenario seems so very likely…but are there any other possible directions this will go?
One correction re: “Chinese schoolchildren, who, when patronized by Treasury Secretary Geithner about America’s “strong dollar,” laughed in his face”…they were actually university students.
@Zuma: your words remind me of the comforting feeling I get when I look at pictures of galaxies: “well, even if we totally fuck it up, it’s a big universe, SOMEBODY must have gotten it right.”
@williamsp: well, there’s the countries we’ve already plundered and/or control, or currently have in our crosshairs; then there are the countries we can’t plunder/control (Europe for the time being, China, etc); then there’s America, which can only look to… America!… to protect it. Sucks for us!
…at some point, there’ll be books and movies about rugged individuals (good-looking of course) taking on the big bad horrible american gubmint…
…maybe made in the far east for western european markets… (or the other way around?)
seriously though, it’ll be alright in the end. if it ain’t alright, it ain’t the end. it’ll just be decades, many, from now. –the bottom line is the unrepairable stuff; the land, sea, air, space, everything in between and the very heart of the Earth herself. -even the moon.
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http://www.matrixmasters.net/blogs/?p=1483
“The suppression of mysticism, psychedelic experience, psychedelic thinking, began roughly two thousand years ago. And you get more intense socio-economic and socio-spiritual hierarchies …until you get to where we are today where there is state control of consciousness as well as state control of production and many other aspects of life.” -Anna Waldstein
“They’re incredibly good at convincing us that we need a new car, and that new shirt, and the toys for our kids, or whatever, but very good at also convincing us that we don’t need this type of thing any more, this psychedelic thinking. But despite the Powers’ attempts to eradicate this, it bubbles up. …The power elite doesn’t want us to think like this because it disengages us from consumerism, it connects us with the environment, and makes us question what’s going on.” -Ivan Casselman
“Whether you are thinking inside or outside the box, you are still letting the box dictate your thoughts, are you not? What you are not acknowledging is the honest fact the box itself is figmentary and illusory . And as long as one continues to act in reaction to this perceived set of dictates one cannot be truly original in thought. So once we are stuck in those grooves, even if we want to walk on top of the groove or the bottom of the groove, its still going down that same path.” -Cameron Adams