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Posted on October 26, 2009 by Mickey Paoletta | Posted under Debt Relief
Debt Voodoo: Stealing People’s Wealth
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Voodoo Economics: Engineered Debt and Theft Voodoo is the practice of conjuring up some preferred reality which otherwise is scientifically – or lawfully – impossible in the normal world. Take inflation, for instance. The promise of inflation has always been attractive in that promises are made by politicians and bankers. They promise us that the more debt accumulated by a nation, the greater the prosperity there will be for all (especially the bankers and their surrogates, the debt collectors).That is not an allegation "way out there" somewhere in some mindless graduate thesis program. Pay attention to what comes next. John Maynard Keynes: Guru of Debt Miracles Keynes advocated the absurd notion that governments could spend themselves into prosperity by going into debt (voodoo economics). Keynes' tragic economic theory actually helped conceal the inadequacies in the intentionally flawed Federal Reserve Banking System. John Maynard Keynes (pronounced "Kanes") was a self-avowed socialist who served as economic advisor to presidents, prime ministers, and even dictators. Keynes explained the negative effects of inflation in his book, "Economic Consequences of the Peace. the side of destruction, and does it in a manner that not one man in a million can diagnose. Government-sanctioned monetary theft by deception is being instituted on a scale the world has never seen. If the cause of inflation were understood by the people, then totalitarian, socialistic government would be unattainable. This ruthless theft is not an accident! President Franklin D. Roosevelt stated, "If it happens in politics you can bet that it did not happen by accident". Through governmental control of education, the true meaning of inflation over the years has been mistaught. Erroneously, people define inflation as a "general rise in prices". A "general rise in prices" is the result – not the cause- of inflation. Others "define" inflation as… - labor unions pressuring higher wages - oil/gas prices - automobile price increases - greed Inflation: "Debt" by Design As suggested above, through the effects of a hidden tax called "inflation" (i. "Leadership" of both political parties (democratic and republican) have stolen the wealth of their citizens. More and more officials are enjoying "engineered theft", including presidents, senators and Congressional representatives, governors, and judges. Bankers (international or transnational) and the leadership of the American Bar Association play the controlling and directing roles, staying mostly in background shadows under various levels of concealment. From the shadows, they direct the more openly greedy operators like the rapacious debt collectors. All participate in confiscating the real wealth of the American people through "inflation" and debt. Voting Debt and Inflation Elected officials … 1) promise not to raise taxes (gaining office by your vote) 2) then vote to increase federal debt (gaining your wealth by their vote). Federal debt redistributes your wealth into their pockets via taxation/inflation. Given the current definition of inflation, who even thinks to blame politicians and bankers as the cause of inflation? Real inflation creators lie among elected officials and bankers (using debt collectors as enforcement). In 1967, Alan Greenspan, former chairman of the Federal Reserve Banking System, understood inflation in his "Gold and Economic Freedom": In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept cheeks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. Gold is a protector of property rights. This accounts for the statists’ hatred toward the gold standard. The money elite control governments by creating and controlling debt. The old proverb, "The borrower is slave to the lender", still holds. The United States Corporate Government has spent itself into a democratic-socialistic system while the American people slept. (The United States became a "for-profit" federal corporation. See 28 USC §3002(15)(A) for definition of "United States" as a federal corporation. Inflation Finances Tyranny through Debt Theft Influential political scientists supported the change in the definition of inflation to conceal corrupt activities. The only logical value for Keynes' views is Keynes' own explanation: By using this hidden tax called "inflation," "that not one man in a million can diagnose", governments and bankers (the current Administration is loaded with bankers) are able to secretly confiscate the people's wealth by devaluing people's assets (pension accounts, saving accounts, insurance payments) and decreasing the purchasing power of paychecks, stocks, bonds. The bankers and their debt collector allies will keep plundering. Why not? Either Americans legally repudiate debt structure, including inflation, returning to honest money or America will live in tents, as the rapacious, privileged few gain power through the politico-economic "engineered deceit" called inflation. About The Author: Mickey Paoletta is an expert witness, one of the first to expose the debt collection industry. His work is used by attorneys, being cited in courts and on Capitol Hill. He has helped thousands stop debt collectors: www.CitizensDebtPro.com. |
Tags: DEBT, INFLATION, BANKS, FEDERAL RESERVE, JOHN MAYNARD KEYNES, KEYNES











