debt

Geithner: Raise U.S. debt limit to infinity

Saturday, December 01, 2012 by: Ethan A. Huff, staff writer
Tags: debt limit, Geithner, infinity

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(NaturalNews) The elaborate Ponzi scheme officially known as the U.S. financial system is set to completely transform into a Monopoly-style fantasy economy where money and debt are both meaningless and limitless. U.S. Treasury Secretary Timothy Geithner has actually come out with a proposal that the American debt ceiling be completely eliminated, allowing the crooks that run the federal government to print as much phony debt currency as their hearts desire, and spend away into oblivion.

During a recent interview on Bloomberg TV, Geithner told Political Capital's Al Hunt that the Congressionally-established debt ceiling, which was specifically designed to establish reasonable limits on the amount of money the federal government can borrow, should be completely abolished. Even though Congress is the only entity that can make such a decision, Geithner expressed his belief that the limit be scrapped to avoid its being used as "a tool for political advantage."

"It would have been time a long time ago to eliminate it," said a nervous Geithner to Hunt, after being asked when he believed the debt ceiling should be eliminated. "The sooner the better."

The so-called debt ceiling is virtually meaningless anyway, as Congress has already voted dozens of times in years past to raise it every time the national debt approaches a breach. But a permanent lifting of any sort of debt ceiling will officially seal the deal, and drive the last nail in the coffin for the American economy, which is today built solely on debt rather than actual monetary currency.

Geithner proposal part of 'Cloward-Piven' strategy to collapse national economy

Geithner's suggestion also seems to follow the playbook of the infamous Cloward-Piven strategy to the tee, which is built on the idea of intentionally crashing the existing U.S. economy for the purpose of rebuilding it in the image of socialist ideals. Part of this strategy includes deliberately destroying the nation's currency by accumulating large amounts of unsustainable debt, none of which can ever truly be paid off and settled.

"The [Cloward-Piven strategy] taught that if you flooded the welfare rolls and bankrupted the cities and ultimately the nation, it would foster economic collapse, which would lead to political turmoil so severe that socialism would be accepted as a fix to an out-of-control set of circumstances," wrote Jeannie DeAngelis for American Thinker about this malevolent agenda.

"Combine class warfare, demonizing the rich, getting as many people onto the welfare rolls as possible, and pushing the economic system to collapse and you have a flawless formula for Cloward-Piven 2.0."

This appears to be the precise strategy behind eliminating the debt ceiling, as federal government controllers would truly have a limitless bank account from which to continue swelling the welfare state and spending the nation into complete collapse. And once the system eventually collapses in on itself, as planned, the masses will be begging for their own enslavement in the form of full nanny state provisions and complete government tyranny.

Sources for this article include:

http://cnsnews.com

http://www.americanthinker.com/2011/08/cloward-piven_paradise_now.html

http://www.naturalnews.com/038050_Geithner_debt_ceiling_infinity.html

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