WHY IS CHINA OUR NATION’S NATIONAL BANK
I’ve been studying the insanity of our “incompetent communist cell leader” who is doing a stand-up routine as our president; has now issued some contract allowing China to direct access to the Federal Reserve, to buy our debt.
Now in any nation where “reason” existed, not as in this nation where it is as uncommon as hen’s teeth, this would be the “headline” in every medium of the nation. “Have you even heard anyone mention this?” Of course not, for our press, our government, and especially this administration are cultural communist acting as nihilist determined to destroy this nation.
IN this nation, what percent even have any idea what this means? Perhaps .00001% of the population; and we know there isn’t anyone, except those determined to destroy this nation, in our government…and especially our congress…that have even a clue.
Let’s put it in terms every dope smoking idiot in this nation should understand. When you go to your banker, to get a loan to buy some more dope; who is controlling your finances? Pretty obvious, even a dope smoker should get that—it’s the banker.
Now if someone is supply so much of the credit to allow this nation to bankrupt itself—so much so—that they are not bidding on our debt, only buying it directly from the FED; who is controlling our monetary policy?
I’ll leave that up to you readers to figure out.
Reviewing it, I came to an interesting conclusion. The Chinese have figure out the way to succeed using the socialist concept of Keynesian economics which may yield a result never achieved before—success.
For those who understand Keynesian social design of monetary and fiscal policy manipulation; I apologize. For I’m going to explain it for those who have heard the words, but have no more idea of economics than a Harvard Lawyer who never got a job—except as a community organizer.
Keynes has some insane concept that if the government puts “money” into the economy, so people have more money to spend—it will by this new demand; result in the economy growing. It’s the same illogical rational of our administration where we have those in this amateur group of communist in a capitalist society saying such ridiculous statements as “unemployment and food stamps are the fastest way to stimulate the economy!” Which is insanity, but you need to learn why.
So in this inanity, the goal is to place money into circulation. Now in this nation; where the government is monetizing…making money out of thin air…or borrowing the money placed into the economy; someone sometime has to pay it back. This is where this nation doesn’t get it, for they are following the insanity identified in the 3rd century BC dictum of Plautus, the Roman dramatist; “I am a rich man, as long as I do not repay my creditors.” A fallacy as someday, someone, perhaps our great—great—great—grandchildren will find themselves as the biblical Israelites did in Egypt, selling themselves into bondage for survival.
Here is the genius of the Chinese. What the goal is, are more consumers. Now what is the best way for them to gain consumers? Now when you have trade agreements with a nation as absolutely ignorant as the United States—what better way than to lend them money?
Think of it, they get to have a return on the money they lend. The ignorant American government “gives” it to those who don’t produce in the name of “unemployment, welfare, food stamps, and any other socialist altruism the ignorant politicians have placed as a handicap on our economy. Now as we put this money into the economy, what is the final destination? Think of it, go into Wal-Mart; any store, look at the products produced in China.
So here we have China the beneficiary of jobs making the products, and the profit, from their stimulation—lending money to the United States.
I find it remarkable that the first success ever known of using Keynesian policy only required, first a communist country to figure out how to use it against this nation. And of course, we need an amateur completely incompetent government and administration in this nation to allow its success.
Will wonders never cease?
Permalink Reply by Vern Shotwell on Thanks, Dan, for the primer on Keynesian economics. Never has worked, has it?
I am reminded of Pelosi's take:Unemployment Checks Create Jobs If giving one dollar away returns two dollars then why not give EVERYONE free money forever?
If the average income is $40K, why not give everybody $50K? Then everybody would have above average income!
Why not give everybody a Million? Then Obama could tax all the Millionaires! Problem solved.
Thanks, Dan!
Permalink Reply by VicSmith on But….but….Vern !!!
I think you have hit on it along with this article from Dan Short:
This is exactly how we can save money, read that cut the rate of increase of the deficit. You see we just have to use your rate of $40K / year then give everybody a comfortable cushion of $50K as you suggest. Now we can also placate those pesky Republicans who claim – falsely, purely to gain votes – that they are conservatives who want to reduce the size of government. This placation will come by laying off millions of government employees (who currently average over $72K / year) and contract them back at the going rate of $40K / year then make them unemployed and pay them your $50K / year.
Unemployment checks create jobs as you have accurately cited facts per Nancy, and when people stop looking for a job, they are dropped from the total of unemployed and the unemployment rate goes down. When you give that $50K check to folks, they will stop looking for work, and the unemployment rate will go down. [This system works so well in Holland that the unemployed are given paid vacations during August to visit Costa Del Sol in Spain. Look it up.]
See how that works?? YOU and Dan have just reduced the size of government and saved the federal budget (you remember, that was something they used to prepare a long time ago) $22K / year for every federal employee so converted. Everybody is happy !!! Repubs cut the size of government. Dems proved that Keynesian (Keystone Kops??) Ekonomy works.
Please don’t bother me with any further facts or challenges to the logic that I have clearly explained here. My mind is made up. All the “facts” have been presented. No more debate. Time to vote.
Eh???
Please include me as a reference when you and Dan Short send in your nominations for the Nobel Prize in Ekonomix.
Thanx,
VGS
Permalink Reply by OneCitizenOfTheRepublic on How in the world do think that this Ponsi scam is is going to take more than another three or four years to turn into a total capsizing of our nation? Great-grea-grandchildren?...Get serious man. We're talking about you and me..THIS GENERATION! The clock is ticking...the game is almost over and we are all out of time outs.
Permalink Reply by Ronald Sorrells on Dan:
Borrowing money from the "Only" foe in this world that "I take seriously"....Communist Red China !!
This is akin to "Borrowing money from the Mob"!
They can whip our asses and "Never Fire a Shot" !!
We have got to get "Control of Our Money & Our Military" !
We do not have it and we have people that have no interest in "We The People's" Interests !
Ron
Permalink Reply by Bonnie Norem on Time to lock down his pen to do executive orders and given all this money to other countries we don't have. Stop all the travel to all these other counties and places spending our tax dollars to get prostitutes and partying. This man needs the banks locked from use. Get rid of his czars, etc.
Permalink Reply by Robert Burton on There is a larger issue here. China is preparing for the Yuan to replace the dollar as the global currency. They are purchasing gold by the ton and have changed the law in China to permit citizens to purchase gold.
After the second world war Britain had borrowed heavily from the United States when the pound sterling was the global currency of choice. As part of the agreement for reduction of debt Britain agreed to support the dollar as the global currency.
Now, we are moving in the position of Britain with China. Their currency is heavily backed by gold and become a more solid currency than the dollar which is being substantially devalued by the fed monetizing the debt.
If we do not get control of this problem. The dollar will no longer be the global currency of choice. This has already begun with oil now purchased and traded using a basket of currencies rather than the dollar.
Should the dollar no longer be the global currency of choice, our standard of living will rapidly diminish and the power we have had in the world will be a footnote in history.
So, there is a much more important imperative here than purchasing stuff from Wall Mart. It is no less than the demise of our position in the global economy, our wealth as a Nation, our standard of living and the future of our progeny.
Permalink Reply by Charles F Nichols on Truth be told we could do a lot of things but that wont happen with this administration and the self consuming dear leader we have now. Communist activities of any type must be banned forever. They dont like freedom and so for them ,they should have none.
Permalink Reply by JOHN DELASAUX on If the US concentrated on developing its own energy resources, it would be much easier for the US Dollar to remain as the currency of choice.
Permalink Reply by Vern Shotwell on ".... we could rebuild our heavy manufacturing..."? But then somebody would have to work...possibly even get their hands dirty....
Nah. Better just to take the ObamaMoney, isn't it? Just askin'....
Permalink Reply by Ginny Marriott on HA! Better just to party until we run out of other people's money. :-)
Permalink Reply by Earl C. Wallace on All the shortages America faces are caused by government regulations. We must get government leaders who will get rid of the activists who run the EPA and the Dept. of Ed, and HHS, etc... and appoint as heads of these departments (and others) people who know that the mission of the US federal government is to facilitate circumstances that are favorable for "We the People" to use the brains, talents, gifts and abilities God gives us to innovate goods and services others are willing to pay us a profitable price to obtain and enjoy.
We need executive government leaders who will administer according to the US Constitution, and who will act as conscientious, Three-Dimensional Leader CEO's
Permalink Reply by Robert M. Hellen, Sr. on If I remember correctly, South America and some other countries owe us huge sums of money from decades ago. Maybe we should turn these over to the Chinese as payment of a sort on our debt to them???
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