by Harold
Many people in America are still holding on to “hope and change”
that the Obama administration would save them and the world from a
devastating financial collapse. Gerald
Celente has called out to the American people
to stop believing in hope and change and immediately get into
survival mode. As there is no recovery going on in the US (despite
everything that the government is telling the people), many
economic analysts predict that the American Empire is going to collapse very
soon, and the collapse will be as severe as the
Zimbabwean collapse. Another
forecast say that America is turning into a third world nation,
some even mentioned it will become as bad as the Indonesian economy under
Soeharto.
There is so much that we can learn from people who understand
the economy, are economic analysts and/ or are successful business
people themselves, such as Robert Kiyosaki, Peter
Schiff, Jim Rogers, Gerald Celente and others, I have listed the 7
sins of the American government that have caused them to fall into
a great collapse. Here they are
Deadliest Sin #1 – Giving Authority and
Sovereignty of America into the Hands of Banks and
Money
Although you may believe all you want that Obama is a good man
and a good President, unfortunately he is not the one who is
running the country. Politicians and the government are not the
ones ruling over America, it is the bank and money.
The only American President who fought for the sovereignty of
America from the enslavement of banks and actually won is President
Andrew Jackson (1829-1937), the (officially recognized) 7-th
president of the United States. When he ran the campaign for his
second term in office, his slogan was, “Jackson and No Bank!”
This is a reference to his plan to take over the American money
system so that banks would operate for the benefit of the American
people and not for the profit of a few ultra rich men who were
controlling the money supply and the banking system at
the time.
When he was asked what his greatest achievement was, Andrew
Jackson stated, “I killed the bank!” He was referring to his
achievement to remove the government’s deposits from the Second
Bank of the United States, a bank controlled by the few ultra rich,
greedy men, and instead deposited them into banks directed by
democratic bankers – banks who would only operate for the benefit
of the people.
However, the ultra rich, controlling the money supply and the
banking system in the United States, managed to set up their third
“central bank” where they can control the banking and money system
of the US in 1913, the
Federal Reserve. This was under President Woodrow
Wilson. After signing the Federal Reserve into its existence, he
said,
“I am a most unhappy man. I have unwittingly ruined my country.
A great industrial nation is controlled by its system of credit.
Our system of credit is concentrated. The growth of the nation,
therefore, and all our activities are in the hands of a few men. We
have come to be one of the worst ruled, one of the most completely
controlled and dominated Governments in the civilized world no
longer a Government by free opinion, no longer a Government by
conviction and the vote of the majority, but a Government by the
opinion and duress of a small group of dominant men..”
Deadliest Sin #2 – Taking the US Dollar off the Gold
Standard
In 1971, without consulting his state department or the
international monetary system, the US President at the time,
Richard Nixon, took the greenback off the gold standard. At the
time, the US was importing more than it was exporting due to the
costly Vietnam war. It was also the time when the economy was
growing and they had to import more and more oil. The US started to
have difficulties in paying bills in gold. Nixon decided to take
the US dollar off the gold standard and made it illegal for people
to directly exchange dollars for gold. By doing this, the US could
print their way out of
debt simply by printing money as much as they wanted
and needed without being backed by gold. Because of this, today’s
inflation started to take off.
Deadliest Sin #3 – Printing Money out
of Nothing
As the US kept pumping money into the economy, inflation took
off. Prices of everything went up. More and more people became
millionaires because home prices won’t stop climbing. Gold price
also started climbing up. However, many people think that gold is a
bubble and it will burst any time soon. What the people don’t
understand is that gold price is not increasing due to bubble or
because it gained value but because the dollar has lost its value.
Getting credit was easy and people received credit cards easily in
their mails. Blinded by greed more and more people have too much
debt and not enough cash.
The Federal Reserve is likely to continue printing money out of
nothing, pumping trillions of dollars into the economy, causing
hyperinflation and pushing prices of all goods and assets up. The
value of the dollar continues to plummet and gold price will shoot
up. Some forecasters say that gold will cost about US$2,000 by the
end of 2010.
Deadliest Sin #4 – Punishing Workers and Investors, Rewarding
Borrowers
When Obama passed his health care bill, he imposed a
payroll
tax on investment income. People who make
investments will be taxed for the passive income they earn. There
is a strange habit in the United States that taxes people who work
through huge income taxes and also people who invest and start
businesses in favor of the poor. But people who borrow for
consumption have it easy because this is what the bankers want and
through debt is how the bankers make money and become even
richer.
The result is the years of easy credit when people have credit
cards in their mail easily, and subprime borrowers are mushrooming
throughout the country. Poor people are getting mortgage loans they
can not afford to buy the American dream, a propaganda to get the
American people into debt and profiteering bankers.
Deadliest Sin #5 – Robbing People of Their
Wealth
The ultra rich that have the whole country in their palm also
have their hands in the pockets of every American. The 4 ways they
reach into people’s pocket and rob them off their wealth are
through taxes, debt, inflation and retirement accounts. By robbing
people like this, the poor stay poor, the middle class slowly
disappear and the ultra rich, the few men controlling the money and
banking system in the US, are getting richer. When there is a lack
of the middle class in a country, when there is only the poor on
one side and the ultra rich on the other, the country is
categorized as a third world nation. This is what America is
currently heading to.
Deadliest Sin #6 – Keeping People Blind about
Money
It is not a coincidence that children are not being taught about
money and personal finance in school despite the fact that money
plays a big role in everybody’s life, regardless of age, gender or
social-economic status. It is to keep them financially dumb. The
rich teach every average American to go to school, find a good job,
save money, invest in stocks, get into debt to buy the American
dream and prepare for retirement. It is not for the benefit of the
people. It is for the profit of the rich.
While that is what they are teaching everybody else, they teach
their own children a completely different set of rules about money
so that they may become even richer. Keeping the masses blind about
money is to make sure that they have a steady flow of employees
every year who are constantly in need for money so the rich can
generate their own income from other people’s work.
Deadliest Sin #7 – Applying Crony
Capitalism
Crony capitalism is a description of a capitalist society that
is based on the close relationship between businessmen and the
government. Instead of success being determined by a free market
and the rule of law, the success of a business is dependent on the
favoritism that is shown to it by the ruling government in the form
of tax breaks, government grants and other
incentives.
The US economic system is so embedded in the crony capitalism
now that even if you interfere with it, you will have a crisis.
However, if you don’t interfere at all, you will still have a
repeated and intensified crisis anyway as it happened to Indonesia
under Soeharto. So either way, America is toast. If America does
not do anything about this, it will become a mess as it was with
Indonesia back then.
Above article from the website http://www.myloansconsolidated.com/2010/04/10/7-deadliest-sins-causing-the-american-empire-collapse/