So says President Obama. Here are the facts:
(1) Globalists smothered the U.S. Policy apparatus with the fabricated notion that the world was their economic oyster. This theology was married with a sort of combo-myth; high-tax and high-labor cost equals non-competitive and with this addition you’ve got the complete global-solution mythology.
(2) Print-to-suit monetary policy made the cannibalizing of domestic economic capacity, paired with the peevish ambiguity of service-based economic salvation, seem inconspicuous. Of course the reality was that it is and was never possible for debt-funded spending, service-based consumption or glutinous consumerism to be a viably economic substitute.
(3) The evolution of fiscal co-dependency where the Federal Government relies on the Federal Reserve to subsidize the entire fantasy with low-to-zero borrowing costs. The Financial Markets (Banking & Trading), who whorishly abuse and profit from the entire scheme, can continue its appearance of relevance in an attempt to make the entire process appear quite legitimate. Meanwhile their reckless and elaborate practices have amassed leveraged debt exposures making the U.S. Governments debt-conglomerate appear as a mere star amongst the countless others of our solar system.
The President is in quite a predicament and though not directly responsible for the crafting of this economic-illusion it is clear that he is possessed by a sort of sadism-touch. Nearly any issue he addresses fails under the weight of his tragically pervasive ignorance for any party of predatory fame the truth is you couldn’t ask for a more ill-informed and malleable accomplice.
A perfect example is his much vaunted Wall Street Reform (aka Dodd-Frank) Bill which of course has more to do with institutionalizing the very activities responsible for the 2007-08 financial melt-down and little if any prohibitive force. In Washington-speak words such as Reform are merely code for “enabling.” As with any problem you must first approach the issue with a fundamental belief that it is reversible or at the very least, recoverable; after that it’s simply a matter of will; yours or theirs.
Curtis C. Greco, Founder
