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During hard times, if banks won't lend, governments must do it, monetizing debt to reverse a downward cycle, investing it productively to create prosperity, what banker bailouts and imperial wars won't do, or the America Speaks/Concord Coalition solution - what they know but won't explain, what the public must understand to prevent their ideas catching on, ones planning to destroy America to enrich them, one way by a "mandatory savings tax," endorsed by Peterson and the Obama administration.
One proposal calls for all employers in business two years or longer to establish mandatory, Social Security Administration-handled, IRA accounts, funded by an automatic payroll deduction (a tax, perhaps 3%) - letting Wall Street manage the money, the same folks that created the bubble economy, crashed it, and now want a new revenue source to do it again, destroying more of middle America's savings, Peterson et alia supportive because Blackrock Financial, created by his Blackstone Group, will profit.
It unmasks their real agenda and meaning of "fiscal responsibility" - class warfare to wreck America, destroy the middle class, and make billionaires like Peterson much richer, what Professor Carroll Quigley explained in his 1966 book, "Tragedy and Hope," saying:
"(T)he powers of financial capitalism (have a) far-reaching aim, nothing less than to create a world system of financial control in private hands to dominate the political system of each country and the (entire world economy). This system (would) be controlled in a feudalist fashion by (global, privately run central banks), acting in concert" secretly.
As Ellen Brown and others explain, their plan "is virtually complete. Unless we wake up to what (Peterson et alia want) and take action, the 'powers of financial capital' will have their way."
With a lock on both US parties, they've got it, what only mass activism can reverse, what so far a comatose America lacks, what hopefully will change before it's too late to matter.
Stephen Lendman lives in Chicago and can be reached at lendmanstephen@sbcglobal.net. Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.
http://www.progressiveradionetwork.com/the-progressive-news-hour/.
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