With A Deficit Like Ours, Who Needs Enemies…?
By Chief Pistol Packin' Mama on February 11, 2010 in Indicators of need for prepsFor decades, spurred by the alluring snake oil sales pitch of Keynesian Economics, U.S. financial analysts and Wall Street investors have operated on the assumption that indeed, “greed is good,” but debt… debt is better. Average Americans, bathed in an overwhelming deluge of “easy money,” were convinced to abandon their traditions of thrift and sound saving sense and throw caution to the wind. The U.S. government, along with an inviting Treasury and private Federal Reserve, took on a policy of historical deficit spending which has yet to relent. The rationale for this behavior being force fed to the masses was a strange one; somehow, by creating a significant margin of debt, we could conjure a kind of ‘financial gravity,’ a force of monetary physics that could drive our economy forward in perpetual motion. Of course, anyone who knows the laws of physics understands that energy, and thus motion, cannot be created from nothing. Something must be expended in order for something to be gained. America’s banking elite were attempting to defy the laws of physics and balance as they apply to finance; creating illusory wealth in the form of “credit” which they in fact never intended to be paid back.
