What's going on with our money?
It's not difficult to understand. Every country can participate in the global economy in a profitable way by trading or engaging with other countries according to the comparative advantage of its costs of production.
Large and well endowed economies like the US can choose to make, sell, or engage in any number of activities and do so effectively. But US policy makers decided to concentrate the country's energies in one specific arena, and that strategic focus, while once successful, is leading the country to its inevitable decline and ruin.
The US, through its elected and unelected powerbrokers, has chosen to sustain itself by plundering the wealth of other nations using the comparative advantage of its overwhelming military superiority.
The current administration, for example, in attacking Iraq and Afghanistan, miscalculated when it decided to risk an estimated $3 Trillion in an attempt to plunder Middle Eastern oil and gas reserves. We don't yet know for sure how this will play out, but so far it looks like this gambit was orchestrated by a group of incompetent amateurs who have gambled away enough resources and goodwill to bankrupt our country. In effect, they bet the entire store on this one throw of the dice. It appears to me that their mismanagement is unraveling at increasing speed.
To cover up their incompetence, they squandered half a century of accumulated goodwill in an attempt to fraudulently convince the American People that their hidden agenda was necessary and in the best interest of the nation. Their plot included a series of fraudulent, criminal acts which resulted in the effective overthrow of the legitimate government of the United States... corrupting in the process, the Constitution, its laws, critical government processes, and a large body of international jurisprudence.
Did they succeed? Many elected officials and a great number of government employees and corporate facilitators are co-conspirators even though most may be oblivious to the overall implications, dimensions, and context of the expanding plot. Slowly the American people are waking up. We'll see.
And what about our money? The conspirators resorted to the wholesale expansion of the money supply in order to hide the obvious economic consequences of their failed strategy. You can't see it directly because they stopped printing M3 statistics in 2006. These dollars continue to create asset bubbles in the housing market and in the stock market, but this deceit is unraveling as these bubbles are unsustainable and the current credit crisis and looming inflation makes it impossible now to hide the blunders and fraud that the conspirators pursued.
Soon everyone will see that it was gross negligence, deceit and fraud that undermined the economy. The nation's treasury has been plundered, the country's goodwill has been squandered, the money supply has been devalued, and the American dollar looks like it's losing its preeminent position as the international reserve currency... the collapse of the US economy will likely follow, finally revealing once and for all that the plot against the American people and the people of other nations was more than incompetence. I call undermining, attacking, and dismantling the Constitution — treason.
Whether America will survive this debacle as a democratic republic remains to be seen. The answer to that question will likely depend on if, how, and when the American people take responsibility for the crimes that have been committed in their name.
