George Orwell wrote that, “The great enemy of clear language
is insincerity. When there is a gap between one’s real and one’s declared aims,
one turns as it were instinctively to long words and exhausted idioms, like a
cuttlefish spurting out ink.”
You have probably heard confusing phrases like the trade
deficit, the falling dollar, the national debt, unfunded liabilities and so on,
which all sound vague and actuarial and vaguely - well, “not me.”
The reality behind these accounting phrases is perfectly
monstrous.
When someone -- a foreigner, say -- loans money to the
American government, what are they getting in return?
Well, they are getting promises of interest payments, and
eventual repayment of the principal.
Where does your government get this money?
The government is not a business; it does not generate
profits in the free market, so where does it get the money to repay its
creditors?
Do you see where this is going?
Are you beginning to understand that it is not dollars that are being sold, or bonds,
or agency debt, or treasuries, or anything like that.
Where is your government going to get the money to pay off
its creditors?
It is not pieces of paper or contracts or computer bits that
are being sold.
There is only one thing that the government has to sell.
Governments have only one asset that they can use as
collateral.
Your leaders are selling you.
When China lends $800 billion to your government, what they
get in return is a guarantee that $10,000 dollars -- plus interest -- will be
taken from your family at gunpoint and shipped overseas.
When a farmer gets a loan from a bank, he uses his livestock
as collateral. It is the milk and meat his cows will produce in the future that
he will use to pay off his loan.
The bank is buying a share in his cows.
You are the
livestock your leaders use as collateral.
The people that you cheer for and throw parades for and drop
balloons behind and donate money to are selling you to Chinese rulers, to the
Japanese, to the Nigerians, to South American drug lords with accounts in the
Caribbean banking centers, to Russia, to Korea, to Egypt, to Colombia, to
Chile, to the Philippines, to Malaysia -- and anyone else who is willing to give
them a few dollars in return for the blood, sweat and toil of your future.
The flag that you praise and the anthems that you sing and
the rulers that you weep and kneel before have as much loyalty to you as a
plantation owner had to his slaves.
And sadly, plantation slaves had more pride than we do.
Plantation slaves did not generally praise their masters for
selling them off, for auctioning off the lives, hopes, dreams and futures of
their own little children.
We can understand that cattle may lick the hand of the
farmer who lowers an axe to its neck, because cattle are dumb beast that cannot
comprehend their real relationship with the farmer, and his imminent plans for
them.
What is our excuse?
When we chant “USA” “USA” “USA,” when we cheer and bow and
beg and scrape and sing and weep with joy that some new farmer now presides
over the wholesale dismantling and sale of our family’s future, when we love
with obsessive emptiness the leaders who laugh while they auction us off to
every tin pot dictator and stockbroker the world over, what is our excuse?
Has our pride been so broken that we lunge with pathetic joy
at every new silver tongued demagogue who pretends to care for us, even a tiny
little bit?
In the future, our children will ask why we knelt and
cheered as they were sold on the auctioneer’s block.
This video -- and my life’s work - is my answer to my child.
What’s yours?
http://www.itulip.com/forums/showthread.php?p=42087
http://www.itulip.com/images/foreignholdingstreas1952-2008.gif
http://www.itulip.com/images/foreigndebtCBO2007.gif
http://www.treas.gov/tic/mfh.txt fstn
http://blogs.cfr.org/wp-content/uploads/setser/unpleasant_4.gif
http://www.iousathemovie.com/