(NaturalNews) In its complete abandonment of free market principles, the U.S. government has banned all short selling of nearly 800 financial companies and set up a $1 trillion off-the-books "rescue" fund in an attempt to sweep financial losses under the rug while sending the bill to taxpayers. If you or I used the same accounting practices in our own businesses, we'd be arrested for serious white collar crimes, but the U.S. government respects no law and is now fully engaged in Enron-like accounting schemes to create the appearance of financial safety while it drives our nation deeper into unacknowledged financial disaster.
One can only step back and laugh at the hilarity of it all. By decree, no one can short sell financial institutions now. It's as if the King declared all markets shall always go UP, and anyone caught lowering stock prices shall be arrested for crimes against the State. President Bush might as well declare
gravity to be outlawed, or the laws of physics to be suspended.
You can't declare the
stock market to suddenly be strong and expect it to actually be so. Sure, you can fake it for a while, but the underlying causes of these financial disasters (runaway spending) are NEVER mentioned, especially not by the President.
"Anyone found engaging in
illegal financial transactions will be caught and persecuted," said President Bush (yes, he actually said "persecuted"). Everyone except the U.S.
government, of course, which is so blatantly engaged in illegal financial transactions that it now qualifies as a
money laundering criminal itself.
Chemotherapy for the economy
The U.S. government treats its financial problems in the same way doctors treat patients with
health problems:
Mask the symptoms and ignore the cause.
This $1 trillion rescue plan is like
chemotherapy for the U.S. economy. Sure, it might visibly shrink some tumors, but the patient will soon find himself vomiting, losing hair and dropping body weight to dangerous levels. The real problem with the U.S.
financial system is not that it has too many losses, it's that
the entire money supply is run by crooks at the Fed who have stolen control of the money supply from the People. Meanwhile, the U.S. government is engaged in runaway
debt spending: $9 trillion so far, and now, with this $1 trillion rescue plan, the U.S. government is about to hit an incredible number: $10 trillion in debt.
Does national debt really matter? To hear the politicians say it, debt has no consequence. You can tell yourself the same lie, too, as you take out cash advances from one credit card to meet the minimum payment on another card. As your debt compounds and multiplies, you can lie to yourself all you want about good times and strong economies, but in the end, the bill still comes due and your house is bankrupt.
Or maybe we can all do what the U.S. government is doing: Create an illegal money laundering fund where we can redirect all our debt to offshore accounts while we party on, spending like there's no consequence.
Let's all be clear about one thing: The U.S. government is now fully steeped in
central planning of its financial system. In other words: The U.S. is now a Communist country when it comes to finance and stock markets (so much for all that patriotic flag-waving we've seen since 9/11, huh?), and it's going to dictate the movement of the stock market by the decisions of politicians rather than the free flow of capital and risk.
Capitalism is now dead in America. The U.S. government has just told ALL big financial investors, "Hey, you can pocket all the gains you want, and if you ever LOSE money, don't worry! We'll let the taxpayers foot the bill!"
I probably don't need to tell you this is a recipe for outright financial disaster. Sure, it makes the stock market look stronger in the short run. It can cover up the truth for a while, just like painkilling drugs make the symptoms go away by numbing the patient. But it completely ignores the cause of the problem. The U.S. Government has intervened in the markets beyond the point of all reason. It has completely abandoned
free market principles and practically guaranteed a much larger, more painful financial correction in the future when reality comes calling.
What's coming next
On the good side, all this means that
you have extra time to bail out of the U.S. dollar before reality hits the fan. While these "rescue" decisions haven't solved any problems at all, they have delayed the inevitable. You now have extra time to get your own finances in order before reality strikes and U.S. dollars go up in smoke.
How much time? It might be a few months or even a few years. No one can say exactly how long you have before the purchasing power of the U.S. dollar evaporates, but make no mistake: The dollar is history. The taxpayers are being royally ripped off. The U.S. government has completely abandoned all free market principles. The future of the U.S. is now no longer in doubt by anyone who can do the math.
Today, by shifting $1 trillion in debt to the taxpayers and suspending free market trading rules, the U.S. government has guaranteed its own financial demise.
Protect yourself from what's coming. Join my
financial preparedness and health preparedness LIVE audio seminar where I'll be teaching specific strategies for protecting your savings and retirement accounts from complete devastation.
Or listen to my
podcast here to learn more now:
http://www.naturalnews.com/podcasts/FinancialHurricaneExplainedOK.mp3
About the author: Mike Adams is a consumer health advocate and award-winning journalist with a mission to teach personal and planetary health to the public He has authored and published thousands of articles, interviews, consumers guides, and books on topics like health and the environment, reaching millions of readers with information that is saving lives and improving personal health around the world. Adams is an honest, independent journalist and accepts no money or commissions on the third-party products he writes about or the companies he promotes. In mid 2010, Adams produced NaturalNews.TV, a natural health video sharing website offering user-generated videos on nutrition, green living, fitness and more. He also launched an online retailer of environmentally-friendly products (BetterLifeGoods.com) and uses a portion of its profits to help fund non-profit endeavors. He's also the founder and CEO of a well known email mail merge software developer whose software, 'Email Marketing Director,' currently runs the NaturalNews email subscriptions. Adams is currently the executive director of the Consumer Wellness Center, a 501(c)3 non-profit, and pursues hobbies such as martial arts, Capoeira, nature macrophotography and organic gardening. Known by his callsign, the 'Health Ranger,' Adams posts his missions statements, health statistics and health photos at www.HealthRanger.org
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Friday, September 19, 2008
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