War on Americans
By: Gary Christenson
GoldSeek.com
Thursday, 19 July 2018
Wars benefit the political and financial elite. Most wars are on-going, whether they include formal Congressional declaration or military actions. The following wars will continue.
War on drugs.
War on poverty.
War on cash.
War on reality based statistics.
War on savers.
War on students.
War on purchasing power.
War on pensions.
War on real money.
War on accountability and honest accounting.
War on Drugs. This war has cost the U.S. government over $1 trillion in direct costs. Check with your teen-aged children for the easy availability of illegal drugs to confirm its failure. Powerful forces want this war to continue – profits from drug sales and money laundering are huge.
War on Cash. This is a recent “war.” Financial and political control increases when individuals have no alternative for their savings except commercial banks. Remove an individual’s ability to convert assets into cash and financial privacy is gone.
War on reality based statistics. Stop counting unemployed people and the unemployment rate decreases. If inflation is too high, change the rules. That Ford F-150 truck has improved so much that even though the price doubled, the official inflation rate is near zero. Really?
War on savers. Drop interest rates to zero or below to funnel profits to commercial banks. Savers earn little, and pension funds and insurance companies lose revenue. The result will be insolvent pension funds and higher insurance costs. The search for yield forces savers into high risk stocks. Another market crash will devastate stocks. This war hurts many more individuals than it helps.
War on students. Make borrowing painless and raise tuition costs. Total student debt per the St. Louis Federal Reserve was $1.49 trillion (12/31/2017). Not only is this debt more likely to default, it increases 10% per year. These debts can’t be discharged, except in rare cases, by bankruptcy. Student loan debt is a government guaranteed train-wreck in progress that doubles every seven years.
War on purchasing power. Pumping too many dollars into the economy devalues the dollar. Prices rise and purchasing power declines as it has since 1913. Ninety years ago you could buy men’s dress pants for $3 and ladies shoes for a buck.
War on pensions. Politicians make promises to buy votes and pass pension legislation that assumes unrealistic earnings and unsustainable payouts. They off-load the problems and consequences onto future politicians and taxpayers. Read “Crazy Pension News” ($76,111 per MONTH for one Oregon State pension.)
War on real money. Gold and silver are real money. Gold coins circulated in the U.S. until the 1930s. Silver coins circulated until the 1960s. Now Americans use Federal Reserve Notes (debts) for transactions. Bad money – Federal Reserve Notes—drives out good money—gold and silver. The implosion is inevitable.
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