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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Best of William Histed
February 4, 2009
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SO FEW ARE DOING WELL IN OUR ECONOMY

BECAUSE SO FEW UNDERSTAND IT

It's a shame if not a national and world tragedy we are seeing before our eyes as tens of millions of Americans, and hundreds of millions around the world in "civilized societies" are in severe financial problems.

Most of these people have some very good qualities; many have tried to do the "right things" and live by the precepts of their religion and proper upbringing.

And, on the other hand, some who have lied, cheated, fabricated, mis-led and stolen are being rewarded with trillions of "dollars" in new funny money and "credit" being created out of thin air.

I would say that it is a shame that economics and money are not better taught in public education, in our universities, in churches, but even they often don't know much about the subject, and their balance sheets often show it.

Why is it then, that some of the most humble and religious people who have always tried to live the right kind of life are in financial chaos, and some of the criminals who have stolen and lied in high places are well taken care of, even by the federal government?

Among the first questions of economics are not how much the GNP went up or down in the last quarter or whether Congress will send another trillion dollars into thin air.

You must first ask yourself what "money" is, what true (intrinsic) value it has for the long term should the political structure that endorses it collapse, who is "issuing" said "money" and last but not least, how much of the stuff is out there?

When I look at Federal Reserve Notes, backed by absolutely nothing but a combination of misplaced public confidence, mis-representation of who and what the Federal Reserve Bank is (it is NOT the U.S. government) and a lot of opinion makers as the major news media itself owned by Wall Street which benefits from the paper machine, I think the whole think could some day collapse in hours.

I will take a Federal Reserve note as long as you will; but the minute you won't take it, I don't want that funny looking piece of linen-paper. I predict some morning we will wake up and find some nations will no longer accept it.

Many of the tens of millions of U.S. families that are in finacial hell got there partly because they did not understand who they were doing business with. They don't realize that when they accept "credit" from a bank or a credit card firm, what they actually are getting for themselves is a DEBIT.

In this money game we are all playing today, there is a fine line between credit and debit, the way it is said there is a fine line in passion between love and hate. Gold and silver, by the way, are the only REAL historic money that you own that is not simultaneously someone else's liability.

Saving money has almost become a thing of the past in the United States...and for partly an understandable reason....our paper "money" depreciates in value each and every year. Would you knowingly hold ANY investment that is sure to go down in value each and every year you hold it?

Another word for debit is LIABILITY. Fancy terms like "credit cards" are often misnomers.

It is really a DEBIT card! And "debit" cards, with money on them, are really "credit cards."

It is this "world play" that gets many people in trouble.

Look at who is in the front lines of our paper money and credit system and you will see some of the problem. The ones who have prostituted the system, which itself is open to such a calling, are the very ones getting bailed out by the people who got messed over!!

The system has become so corrupted, I predict its failure within a few years at the latest.

The major media is almost entirely Wall Street owned and controlled. Its views mostly reflect the government, Wall Street and their central paper debit bankers, The Federal Reserve System. I believe I am about the only one in the United States predicting the collapse of the Federal Reserve Bank within the next few years, again, at the latest. It is in deep, deep, trouble, and it is in a panic.

The only answer given anymore is "print up more money and extend more credit." As a JUNKIE, that's what got us in the mess int he first place.

One final thought. Someone else said, we have a MANAGED ECONOMY. We certainly do.

Forget those grade school notions that ours is a FREE economy. It may be FREER than other economies, but it is still stage managed.

When I was in high school, my teachers ridiculed the Soviet Union for determining what would be produced and how much would be produced.

We pretty much have the same thing in the United States. Instead of the Communist Party, levers are pulled at the Federal Reserve Bank which is a house of cards waiting to fall.

I get a kick out of the serious-looking "news" men and women on the TV business channels.

"Everyone is waiting to see what the Federal Reserve Bank is going to do today..."

And, "The big question in everyone's mind is what the Fed is going to do." Bets are made every day on what the Federal Reserve "will do" next. It's nothing but a house of paper and computers. You will understand this only too well some day.

Though control of the "money supply," "credit," arbitrarily setting "interest rates," and even by telling us what "money" is, the Federal Reserve Bank is partially "managing" our economy.

Not selling enough houses or cars? Cut the interest rates. Still not selling enough cars or houses? Increase the"money supply" and "credit."

Also helping to "TRY" to manager our economy is Congress, which uses its own bag of tricks such as "stimulous plans," "bailouts," "tax credits," various tax advantages to get people and businesses to perform and act a certain way.

We have very much a MANAGED economy in the United States, and millions of unsuspecting people are about to find out that it cannot be completely managed by edict.

I had a weekly newspaper column in nearly 350 newspapers across the country, which I lost when warned about the economic policies, including our nutty foreign policies which are counter-productive except for a very few. It is said if you want to know why a folly

exists, look at who benefits from the folly. The illegal giving over of the U.S. money system from Congress to independent international bankers was never a folly for the bankers.

Judging from the frantic efforts of Congress to give away U.S. taxpayer assets to private banks, it now is clear who is the master and who is the servant. Congress will do anything to save the "banks" and the Federal Reserve Bank's open window is handing over trillions in paper money money and credit that comes from God only knows where. What would they ever do without trees....or computer keystrokes?

I believe I am the only writer who has suggested Congress, which was given the responsibility to coin gold and silver by the U.S. Constitution, come up with an emergency backup plan if the Federal Reserve Bank collapses. You may laugh, but some of its member banks have collapsed before our eyes. If a big hamburger chain is having some of its franchises collapse and go out of business, you have to start worrying about the franchiser at some point.

In this financial crisis we are having, the U.S. people have a right to a complete and independent audit of its independent central house of cards banker, the Federal Reserve Bank, and the U.S. government's own wealth.]

Instead of making a cloak and dagger case and big mystery out of Fort Knox and other depositories of U.S. owned gold (and silver) the public is entitled to a complete audit.

This should be done NOW. In fact, instead of such a big mystery being made out of it, Fort Knox should be open to tourists. That could help with the huge budget deficits and national debt. Yes, I do have a sense of humor.

Even some foreign govenments have suggested the Federal Reserve Banks should be openly audited and dressed down to see just what's there. Some suspect it is nothing more than a lot of hot air and some printing presses.

Most United States people are being sold down the river, the same way they were sold down the river in the sell-out of entire U.S. industries.

What these millions of Americans will someday find out is that many who have paraded as their friends and protectors were never friends from the start.

What they will someday, soon perhaps, see, is that while we were off chasing real or imagined "enemies" all over the world, we have some domestic enemies doing a pretty good job of ignoring the U.S. Constitution. The Constitution is clear that Congress is to oversee the coinage of money. Powerful politicians sold out to the debit money bankers years ago just as happened in England to help fund serial wars and go off into imperialistic binges. But at some point, as ancient Rome found out, the cost of trying to run the known world is bankruptcy.

The problem when we sacked our savings based model and gold and silver coins gave way to Federal Reserve note printing presses, the sky is the limit. The system needs to keep expanding (inflating) or it collapses. The debt keeps getting compounded and the debit paper money has to keep growing. It's like a junkie who can never come down without crashing down.

Government sold us out and more importantly, sold out the U.S. Constitution. And the price we pay is the price you see daily in the news----our government answers to the bankers, even with YOUR money and without YOUR express consent.

The Bible says the borrower is the servant of the lender, and that is true for governments, too.

You now understand why the federal government is willing to give away the country to save its central bankers. Our govenment is now servant to its banker-lenders.

The people who created a smoke and mirrors system to benefit themselves are about to find they created a Frankenstein that will yet destroy them. A paper scam can last longer than anything thinks possible Just lasting a long time does not mean it is working properly. Just ask Mr. Madoff. Things do have a way or righting themselves, even if it gets ugly.

The Federal Reserve Bank has only one way to operate now. Just as you are seeing it.

Wide open. It has to keep the money machine going; otherwise it collapses. But if it keeps printing and printing and fudging, at some point, it collapses anyway.

We should see the Federal Reserve board of governors make an appearance on one of the "Survival" TV shows, because there is great question in my mind whether this over-toxicated system can survive much longer.

Decades of ignorance, denial, money propaganda, hot air, smoke and mirrors and lies are soon to be stripped naked. It won't be a pretty sight. It is gong to change your world when you see all of these powerful paper money people have been sitting there naked behind the curtains of banking and government all of these years. Now, they are the ones running scared from their own devices that are out of control.