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THEFT BY DEFICIT

 

By Al Duncan
August 2, 2013
NewsWithViews.com

By the Author of The Master Plan

In 1966, before Alan Greenspan became the Federal Reserve Chairman, he wrote an essay, which I highly recommend, called Gold and Economic Freedom. Herein lays the crux of what he presented, emphasis are mine: “The welfare state [the self-destructive system we operate under today] is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society [the working middle class] to support a wide variety of welfare schemes. A substantial part of the confiscation is effected by taxation. Thus, the earnings saved by the productive members of the society lose value in terms of goods.

“The welfare statists [government officials] were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale. When the economy's books are finally balanced, one finds that this loss in value represents the goods purchased by the government for welfare or other purposes [pork barrel, waste and fraud] with the money proceeds of the government bonds financed by bank credit expansion.

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process.”

As Greenspan explains, the gold standard limited government spending to the amount of gold held in reserve. The gold standard was unprofitable to the international bankers and moreover, interfered with their plans for a New World Order. So the central bankers, in collusion with devious government officials, embarked on a stringent campaign to repeal the gold standard. Stopping at nothing, they attacked and crucified anyone who opposed them. Eventually, the gold standard was repealed.

Knowing that government officials will always spend more than they have, the bankers had now provided a means for them to do so. Repealing of the gold standard provided an open door for deficit spending.

The central bank of the United States is the Federal Reserve (Fed), a private bank owned by private international bankers and businessmen. Congress authorizes the Fed to purchase U.S. notes, which the U.S. Treasury prints. The Fed then issues an equal amount of Federal Reserve Notes, which are used to buy U.S. Treasury Bonds. They literally create money out of thin air by placing a figure on a ledger in the form of a debit, and then demand that the American people repay that debt, with interest.

Debt, transfers accumulated wealth from someone, in this case, the American people, to someone else, bankers and businessmen. It’s an insidious scheme to “confiscate the wealth of the productive members of society.”

Inflation is caused by government deficit spending and printing money to repay it; inflation raises the cost of goods, while purchasing power is reduced, i.e., yesterday an item cost one dollar, today it cost two dollars, and tomorrow it cost three dollars. In addition, you are paying three times the original cost in tax. Massive money printing always ends in hyperinflation.

Government officials are parasites, they don’t produce anything; they only feed off of those who do. As one person said, the fatter the government, the skinner the people. And when government officials cannot meet their obligations or fulfill the promises they made to the public, they’ll figure out ways to appropriate the public’s money to fund their projects. Government officials don’t produce wealth; they only redistribute your wealth. Desperate government officials will always resort to expropriation, which is outright confiscation.

In the case of Portugal, the government nationalized three of Portugal’s telecom pension funds and placed the assets on the government’s balance sheet so that it would look good when it came time negotiated with the European Union. Those pension funds were expropriated.

The Cyprus government outright appropriated depositors’ funds from their bank accounts and then called it a tax. What the Portugal government did was subtle, what the Cyprus government did was blatant; both scenarios violate the rule of law and are theft; whether secretly or openly, bankrupt governments will do whatever necessary to survive.

Ten thousand Baby Boomers well turn 65 years old every day until 2030. There are approximately $15 trillion in private retirement funds, while the government has an annual deficit of $1.5 trillion. And so, there are now plans to nationalize private 401K and IRA retirement accounts. This ploy is being deceptively publicized as the government protecting the public against business failings or state bankruptcies. When governments are broke, everything is fair game. Your cash, your retirement funds, your bank deposits and your investments are at risk of being confiscated by the government through some contrived reason or another.

On May 6, 2012 Lauren Schmitz, a research analyst at the Bernard L Schwartz Center for Economic Analyst (SCEPA), introduced HB5337. This 401(k)/IRA de-privatization is the brainchild of Teresa Ghilarducci, whom through funding from the White House and the Ford & Rockefeller Foundations engineered a new “Regulatory & Tax Incentive”. The purpose is to force Americans to convert their Retirement Accounts into Government Managed accounts.

Thanks to inflation, the purchasing power of your retirement plan is being eroded daily. In ten years, a $100,000 retirement fund will only provide $25,000 of purchasing power. A jump from two percent inflation to four percent inflation is devastating to a pension fund. Appropriately, many have cashed in their pension funds, paid the penalties and have taken charge of their own retirement funds rather than chancing it to value-eroding inflation or government seizure.

The U.S. is inflating its currency because of its debt problem. Since the dollar is still the reserve currency of the world, inflated dollars escalate the cost of commodities throughout the world. Food and energy is forty to seventy percent of the average worker’s income. So when the cost of living rises, people’s lives are affected, resulting in social instability, conflict within and between countries, and inevitably civil or outright war.

This is long-range geopolitics. We know by their own admission that the powers-that-be plan to construct their New World Order atop the ruins of this current order, so we had better regard everything transpiring today as a part of this strategy.

None of this is happening by chance. The World Trade Organization (WTO) supervises international trade and regulates production and prices of goods between countries. The North Atlantic Treaty Organization (NATO) is the intergovernmental military. Both of these organizations are regulated by the United Nations (UN) Charter, which is devised and managed by the international bankers and corporate heads, the-powers-that-be.

The magnitude of debt in derivatives accumulated by the international bankers and placed upon the backs of the peoples of industrialized nations is so enormous it can never be paid down. And if attempted, it would cause human suffering beyond endurance. Therefore, the debt has to be defaulted on and so you are going to see inflation elevate in every country.

Creditor countries, such as China, know that the United States is inflating the dollar to deflate its debt. China also knows that inflation raises the cost of living and causes social instability. To curb China’s social unrest, the Chinese government is investing in food and energy producing companies around the world. China recently bought Smithfield Foods, the largest pork producers in America, and they purchased $35 billion of oil and gas assets, including shale gas assets in the United States.

The sudden conflict between China and Japan over a small island in the South China Sea is because it contains valuable gas and oil assets. The conflict between Russia and her neighbors over the Artic, is due to its minerals, gas and oil assets. That is why we see every developing market that has a wealth fund, focusing on controlling the supply chain. Commodity prices are rising daily and people in China and the Middle East are unable to feed themselves.

The WTO regulates the prices of commodities, and they know how to create social instability. NATO also knows that higher prices create instability and that conflicts will arise. Both organizations are managed by the United Nations, so they know in advance where and when conflicts will arise, because they created them.

The connection between geopolitics and markets is much tighter than most realize. The WTO’s management of the valuation of assets and NATO’s security issues are strategically connected in the affairs of the world. This is why the Department of Homeland Security (DHS) purchased twenty-five hundred armored vehicles for the streets of America, thirty thousand drones for the skies of America and two-plus billion bullets, which are approximately five bullets for each American. They know that inflation creates social unrest, which leads to civil war.

One-half of the bullets purchased by the DHS are hollow points. They’re twice as costly as regular bullets, they explode upon impact as they travel through the body. According to the Geneva Conference, they’re illegal to use in war. Moreover, the DHS also purchased one million targets with pictures of American seniors, children, pregnant women, even infants.

Inflation and wage pressures are evident everywhere accept the United States. But even Americans can feel that the cost of living is rising. The United States is the only self-sufficient country in the world. America not only possesses an abundant supply of all natural resources such as raw minerals, gas and oil, but because of its agreeable climate, it’s capable of producing every type of food. Americans need nothing from any other country to exist luxuriously. Food, raw materials, energy, are hard assets that keep a population stable, and the United States possesses all of them in abundance.

It was once said that the sun never set on Briton. By hook or by crook, Briton had conquered every country in the world. When America won its independents, it foiled Briton’s plans for a New World Order. Britons realized that the self-sustaining America was destined to become the most powerful nation in the world, and it was this revelation that initiated the vicious onslaught to annihilate America.

To accomplish this, America had to be diluted morally, fragmented socially and bankrupted. Because it’s God who imparts morals, principals and the understanding of what is right and wrong, God was removed. Most Americans today are spiritually bankrupt and the youth have no clue of what is right or what is wrong.

To fragment the social structure, Americas were dumbed-down and diluted through various cultures, ethnic groups and strange beliefs. A people who could read, write, and understand what they are reading, were not easily duped. Foreigners could never comprehend that Americans “are endowed by your Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness.”

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To assure that America could never regain her prosperity, the economy was utterly destroyed, her means of wealth outsourced to other countries, and her lands dismantled and parceled out to foreigners; her lakes, streams, rivers, parks and National monuments belong to the U.N. Under the American Heritage Rivers Initiative and National Heritage Areas programs, Yellowstone National Park, Grand Canyon National Park, Great Smoky National Park, Yosemite National Park, to name a few of the twenty-one National Parkways consisting of thousands of acres of American land has been freely handed over to the U.N.

Wake up! We have been conquered by a band of gangster bankers and colluding corrupt politicians that have taken all we have, and the next phase of their plan is to eliminate us. Our only hope is to return to God, take our Republic back and reconstruct an entirely new government founded on the knowledge of our past mistakes. If we don’t, we’re doomed to a slow, painful death of various illnesses, while we’re being impoverished.

I’ve been invited to speak before the Eagle Forum of California, Thursday, August 1, 2013 at 12535 Seal Beach Blvd., Seal Beach, CA 90740 at 7:30 p.m. Everyone is invited.

Purchase The Master Plan.

2013 Al Duncan - All Rights Reserved

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“Al Duncan is the author of The Master Plan, which is now being revised. He is also compiling a booklet of about 60 short articles for publication and future availability. Until recently, he wrote a weekly column for a local newspaper, the Lake County Record Bee, distributed by Associated Press. The readers were basically secular and unaware of the New World Order, so his articles were written hoping to educate the reader on this subject. However, Al realizes that NewsWithViews attracts an informed reader, who is seeking to expand his or her understanding of the truths behind the daily events, and how these truths can best help them meet the challenges ahead.

“Al is the fourth generation of Real Estate Brokers and for the past eight years he has owned Al Duncan Real Estate, Inc. in Clearlake, California. For the past seven years he has been on the financial committee, participated as a Sunday greeter and head usher at Lake County Bible Fellowship in Lakeport, California.”

E-Mail: alduncan@pacific.net

 


 

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None of this is happening by chance. The World Trade Organization (WTO) supervises international trade and regulates production and prices of goods between countries. The North Atlantic Treaty Organization (NATO) is the intergovernmental military. Both of these organizations are regulated by the United Nations...