Skip to content


JEFF GATES : MINDSET WARFARE

The U.S. is slipping into a debt-induced recession from which we’re assured that more debt is the remedy.

Only when Americans grasp the internalized source of this subtle warfare can we prevail over this enemy within.

At the close of World War II, the U.S. was home to 50% of the world’s productive power. That economic strength assured America’s dominant financial position for at least two decades. That strength included the ability to issue the world’s top-rated bonds.

Look at us now.

The financial cost to the U.S. of wars in Iraq and Afghanistan is projected to top $3 trillion-all of it borrowed. The interest expense alone could reach $700 billion.

The U.S. Congress is debating whether to authorize the borrowing of $700 billion to extend Bush-era tax cuts for another decade.

At this pace, annual interest payments on the debt could top $1 trillion by 2020. In 1980, the total federal debt was $900 billion.

The greater the debt, the greater the Wall Street skim. Bond traders don’t care whether markets rise or fall. So long as markets move, they make money.

Thus the financial appeal of warfare, a proven debt creator. Likewise the allure of crises and even perceived crises as either will move financial markets. Thus too the tragic logic of warfare-from the creditor’s perspective.

Funds lent for war generate output that does not compete with other goods and services. It was not the New Deal but WWII that put America back to work and ended the Great Depression.

Thus the recent appeal by veteran Washington Post columnist David Broder when he proposed war with Iran as a strategy for reviving the U.S. economy.

Governed By Debt

As the strongest currency of the post-WWII era, the U.S. dollar was destined to emerge as the dominant reserve currency for global trade. That result was fully foreseeable by those sophisticated in trade and finance.

America’s productive might ensured that U.S. bonds would set the standard for debt as a safe financial security. In 1971, our creation of debt was unleashed from physical limits when we abandoned precious metals as security for the dollar.

Within the decade, a purported fiscal conservative (Ronald Reagan) championed an investment stimulus that was projected to expand the federal debt by $872 billon at a time when total securitized debt was $900 billion

Known as “supply-side” economics, this deficit-financed subsidy set off a frenzy of debt that fueled leveraged buyouts (LBOs), the leveraging of savings and loans, the overvaluation of dotcom companies and, most recently, the subprime mortgage meltdown.

By 2008, combined private and public debt topped $50 trillion plus another $50 trillion in unfunded liabilities. While LBO artisans leveraged private sector balance sheets, specialists in public debt turned to politics to leverage the nation’s fiscal balance sheet.

With trust by then the primary collateral for U.S. debt, America’s credibility became a strategic vulnerability. With our ‘full faith and credit’ in the crosshairs of transnational financial sophisticates, the U.S. soon became financially ungovernable.

With American IOUs now growing at $100 billion per month secured by a sputtering economy growing at $50 billion per month, that faith is faltering and our credit crumbling.

Self-Correcting Systems?

The source of this threat is difficult to see because the weaponry deployed is the shared mindset with which we’ve been seduced to do our seeing.

At the risk of over-simplification, the mindset is this: money is smarter than people. Just let money to do what money does best and stand aside.

No need to worry about trade deficits that the U.S. amassed with China. According to Nobel Prize economist Milton Friedman, those imbalances will “self correct.”

The same mindset rationalized the sustained loosening of credit by Federal Reserve chairman Alan Greenspan. While enabling and praising what he called “financial creativity,” he assured Americans that capital markets would “self correct” any imbalances.

How did this deceit succeed? How was self-governance displaced by a money-myopic mindset touted as self-correcting?

America was seduced by an education curriculum in which this narrow viewpoint was imbedded. Then we were induced to comply by policies granting this mindset the force of law. To financial sophisticates, the results were foreseeable.

Finance: The One True Faith

China is now recycling U.S. purchasing power to build a world-class navy, nurture allies and invest in commodities. Meanwhile we Americans hold steadfast to our faith in financial securities.

This mindset is now branded globally as the U.S.-discrediting “Washington” consensus as the World Bank Group (led by an American since 1946) insisted that emerging economies embrace a worldview that has served us poorly and them worse.

With deference granted the creditor, debtors must adjust-no matter what the cost. The greater the debt, the greater the creditor’s influence-and the greater the skim.

The U.S. is slipping into a debt-induced recession from which we’re assured that more debt is the remedy. Only when Americans grasp the internalized source of this subtle warfare can we prevail over this enemy within.

[email protected] Jeff Gates

Related article:

JEFF GATES: DISSOLVING THE UNION

View the original article at Veterans Today

Related Posts with Thumbnails

Posted in Finance & Economics, Politics.

Tagged with , , , , , , , .

Support #altnews & keep Dark Politricks alive

Remember I told you over 5 years ago that they would be trying to shut down sites and YouTube channels that are not promoting the "Official" view. Well it's happening big time. Peoples Channels get no money from YouTube any more and Google is being fishy with their AdSense giving money for some clicks but not others. The time is here, it's not "Obama's Internet Cut Off Switch" it's "Trumps Sell Everyones Internet Dirty Laundry Garage Sale".

It's not just Google/YouTube defunding altenative chanels (mine was shut), but Facebook is also removing content, shutting pages, profiles and groups and removing funds from #altnews that way as well. I was recently kicked off FB and had a page "unpublished" with no reason given. If you don't know already all Facebooks Private Messages and Secret Groups are still analysed and checked for words related to drugs, sex, war etc against their own TOS. Personally IU know there are undercover Irish police moving from group to group cloning peoples accounts and getting people booted. Worse than that I know people in court at the moment for the content they had on their secret private group. Use Telegrams secret chat mode to chat on, or if you prefer Wickr. Or if you need to, buy a dumb phone with nothing for the NSA to hack into if you are that paranoid. Ensure it has no GPS tracking on it and the battery can be removed. These are usually built for old people to get used to technology storing only a set of numbers to call. However they have no games, applications to install and other ways people can exploit the computer tracking device you carry round with you most of the day.

So if your not supporting this site already which brings you news from the Left to the Right (really the same war mongering bollox) then I could REALLY do with some..

Even if it's just £5 or tick the monthly subscription box and throw a few pound my way each month, it will be much appreciated. Read on to find out why.

Why?

Any support to keep this site would be appreciated. You could set up a monthly subscription for £2 like some people do or you could pay a one off donation as a gift.
I am not asking you to pay me for other people's articles, this is a clearing house as well as place to put my own views out into the world. I am asking for help to write more articles like my recent false flag gas attack to get WWIII started in Syria, and Trump away from Putin. Hopefully a few missiles won't mean a WikiLeaks release of that infamous video Trump apparently made in a Russian bedroom with Prostitutes. Also please note that this article was written just an hour after the papers came out, and I always come back and update them.

If you want to read JUST my own articles then use the top menu I have written hundreds of articles for this site and I host numerous amounts of material that has seen me the victim of hacks, DOS plus I have been kicked off multiple hosting companies, free blogging sites, and I have even had threats to cease and desist from the US armed forces. Therefore I have to pay for my own server which is NOT cheap. The more people who read these article on this site the more it costs me so some support would be much appreciated.

I have backups of removed reports shown, then taken down after pressure, that show collusion between nations and the media. I have the full redacted 28/29 pages from the 9.11 commission on the site which seems to have been forgotten about as we help Saudi Arabia bomb Yemeni kids hiding in the rubble with white phosphorus, an illegal weaapon. One that the Israeli's even used when they bombed the UN compound in Gaza during Operation Cast Lead. We complain about Syrian troops (US Controlled ISIS) using chemical weapons to kill "beautiful babies". I suppose all those babies we kill in Iraq, Yemen, Somalia and Syria are just not beautiful enough for Trumps beautiful baby ratio. Plus we kill about 100 times as many as ISIS or the Syrian army have managed by a factor of about 1000 to 1.

I also have a backup of the FOX News series that looked into Israeli connections to 9.11. Obviously FOX removed that as soon as AIPAC, ADL and the rest of the Hasbra brigade protested.

I also have a copy of the the original Liberal Democrats Freedom Bill which was quickly and quietly removed from their site once they enacted and replaced with some watered down rubbish instead once they got into power. No change to police tactics, protesting or our unfair extradition treaty with the USA but we did get a stop to being clamped on private land instead of the mny great ideas in the original.

So ANY support to keep this site running would be much appreciated! I don't have much money after leaving my job and it is a choice between shutting the server or selling the domain or paying a lot of money just so I can show this material.

Material like the FSB Bombings that put Putin in power or the Google no 1 spot when you search for protecting yourself from UK Police with "how to give a no comment interview". If you see any adverts that interest you then please visit them as it helps me without you even needing to give me any money. A few clicks per visit is all it takes to help keep the servers running and tag any tweets with alternative news from the mainstream with the #altnews hashtag I created to keep it alive!

However if you don't want to use the very obvious and cost free ways (to you) to help the site and keep me writing for it then please consider making a small donation. Especially if you have a few quid sitting in your PayPal account doing nothing useful. Why not do a monthly subscription for less money instead. Will you really notice £5 a month?


0 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.



Some HTML is OK

or, reply to this post via trackback.



css.php