Originally published September 19 2008
U.S. Govt. Soaks Taxpayers to Bail Out Wealthy Elite; $1 Trillion Rescue Fund Lands at Taxpayers' Feet
by Mike Adams, the Health Ranger, NaturalNews Editor
(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/Financia...
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