The TV is abuzz lately with the story that Speaker Boehner called off debt talks with the president. Of course, the sheeple in our society are following the story intently as they are meant to do. They don't realize that it's just more noise and distraction in the ongoing and unavoidable collapse of the great global debt Ponzi. In reality, both sides - Dem and GOP- want to raise the debt limit endlessly but they have to put on a good showing lest the bond vigilantes decide that we have given up on worrying about paying back our debt. Bond vigilantes are those who have loaned or who plan to loan the US (and other sovereigns) money. Their mechanism of protest against the debasement of sovereign currencies is to demand higher interest rates from government to compensate lenders for the risk that the buying power of their principal will evaporate over the term of the loan.
And it is a very risky path they are following. Make no mistake: the money they loaned to governments will never get repaid because it cannot be repaid. It is mainly due to the bond vigilantes that government has to make a big show about raising the debt ceiling because that's what a con game is all about: baffling people with fast talk and BS in order to spirit their money away from them. What's so ridiculous about the situation
is that neither GOPs nor Dems are focusing on one very simple avenue of spending reduction which is to cut "defense" (offense?) spending. Instead they prefer to argue over the stereotypical left vs. right political ideals which are raising taxes on the rich vs. cutting entitlement spending on the poor. Somehow, defense spending is sacrosanct in all this. Yes, entitlement spending is higher than defense spending but if we cut the defense spending then we might be able to make smaller cuts to welfare and social security entitlements and we might be able to keep a lid on higher taxes.
It would seem that both sides should be quick to recognize that. Intelligent people will ask themselves why this is not happening. Why is military spending so sacred in the USA when we already outspend the next most militarily spendy country by 5x? In fact, we spend more than everyone else in the world, combined. What exactly is the motivation for such a large, standing, globally deployed military? Perhaps we will have to wait and see what happens after the global debt Ponzi finally collapses but until then it is probably wise to review the words that were spoken by President Eisenhower during his farewell speech. In that speech, he warned us in no uncertain terms to watch, monitor and beware of the Military Industrial Complex. Notice the first word there is military. Maybe Ike chose the ordering of his words carefully and with purpose. In any collapse, the marginal players get hurt the first and the worst. If I decode Ike's message properly, he was telling us that the military is really running the show from behind the scenes. Military is top dog in the complex. Next in importance is industry. Finally, comes everyone else including government, banking, academia (whose job is to provide marketing cover for the con) and finally the workers who are the patsies in the con. According to this view, the order of those affected by the collapse should be in reverse order to their architected position in the scam which is pretty much what we have seen to date.
At the very great risk of boring you with repetition, I ask you to forget all the noise and just consider this: how would con men run their con without the benefit of fiat currency and fractional reserve banking? It would be impossible. The military industrial complex only has as much power as it can buy with money it did not earn. Those aligned with it are only so aligned as long as they are getting paid more than they could make on their own and without having the support of the con men. When the money runs out then the con must collapse. Either a return to honest money or to a mandate against debt based consumption will cause the money to run out quickly for the con men. Thus, they must avoid this outcome at all costs. This is why no real solution to the debt problem will ever happen if left to the care of those running the show. This is also why those at the top will push back against the use of honest money and will absolutely revolt at the thought of the elimination of fractional reserve banking.
And it is a very risky path they are following. Make no mistake: the money they loaned to governments will never get repaid because it cannot be repaid. It is mainly due to the bond vigilantes that government has to make a big show about raising the debt ceiling because that's what a con game is all about: baffling people with fast talk and BS in order to spirit their money away from them. What's so ridiculous about the situation
At the very great risk of boring you with repetition, I ask you to forget all the noise and just consider this: how would con men run their con without the benefit of fiat currency and fractional reserve banking? It would be impossible. The military industrial complex only has as much power as it can buy with money it did not earn. Those aligned with it are only so aligned as long as they are getting paid more than they could make on their own and without having the support of the con men. When the money runs out then the con must collapse. Either a return to honest money or to a mandate against debt based consumption will cause the money to run out quickly for the con men. Thus, they must avoid this outcome at all costs. This is why no real solution to the debt problem will ever happen if left to the care of those running the show. This is also why those at the top will push back against the use of honest money and will absolutely revolt at the thought of the elimination of fractional reserve banking.
