Mike Stathis, Chief Investment Strategist, AVA Investment Analytics
Getting rid of welfare as a solution to America’s depression might sound like a counterproductive idea. But let’s take a closer look at why that just might represent the most viable option.
With close to 50 million Americans below the poverty line according to official estimates (my own estimates are between 70 to 80 million), and 50 million Americans on food stamps, eliminating the nation’s various welfare programs seems to contradict responsible solutions to fix the U.S. economy; or does it?
In addition to hundreds of billions of dollars earmarked for food and housing subsidies, America’s welfare system also consumes an even larger sum of tax dollars each year for public healthcare through Medicaid (and some Medicare, not including expenditures for seniors above the poverty line). As you can imagine, eliminating these sources of aid would lead to famine, additional homelessness, and unnecessary illness for tens of millions of Americans.
As bad as things may seem in other parts of the world, many nations outside of the U.S. are poised for a more optimistic future. As the global economy continues to face the corrective effects of the largest credit bubble in world history, much of the developing world stands a real chance to uproot puppet governments that have been put in place by the U.S. and U.K. Thus, citizens in many of these nations are blazing the path towards freedom.
Today, many of these nations face very dire consequences. After decades of suppression on various fronts, millions of low-income and working-class citizens have finally become intolerant to economic inequality that has been persistent even during periods of economic prosperity. The severity of the global economic collapse has finally inspired millions to rise up in protest. Soaring commodities prices have made basic necessities like food and water unattainable for many people residing in developing and emerging nations. This is adding incentive for revolts against the governments of these nations.
This inflationary wave has been enhanced by the Federal Reserve’s hidden bailout of the banking system; record-low interest rates that have persisted for nearly four years. These artificially suppressed rates have led to massive capital inflows to the developing and emerging world, compliments of the Jewish Banking Cartel.
Much like the case seen in Europe, in the beginning, the flood of capital boosted these economies. But this early prosperity was only an illusion created by the money changers. More recently, the side effects of this smoke and mirrors scheme have begun to surface. Excessive credit and investment inflows have led to excessive currency appreciation, inflation and other economic carnage.
More recently, some nations have begun to experience the effects of a sudden withdrawal of capital by the Banking Cartel. And I can assure you, things are going to get worse. The current economic downturn seen in the Brazilian economy serves as a blueprint for nations vulnerable to manipulation by this Banking Cartel. However, unlike Brazil, which has sufficient resources to ward off IMF intervention, smaller nations remain defenseless to a Greek-style takeover once the IMF comes in to “save the day.”
The recent LIBOR scam orchestrated by Barclays sent ripples across the globe. Yet, few seem to realize that the Federal Reserve has done the same thing in the U.S. on a much larger scale. The only difference is that they have window-dressed the manipulation of interest rates as a “solution” to address America’s stubbornly high unemployment rate.
But record-low interest rates have not helped the employment situation in the U.S. Instead of lending money at low rates to small businesses and consumers, banks have jacked up lending rates while making it extremely difficult to obtain loans.
The truth of the matter is that the chronic loss of jobs seen in the U.S. has less to do with demand and more to do with unfair trade arrangements struck with foreign nations. The two-decade long trend of job exportation seen in the U.S. has been largely due to the system of unfair trade established through NAFTA by the Clinton Administration, and subsequent phases of expansion during the Bush and Obama administrations.
The Federal Reserve’s interest rate scam has created a huge banking bailout that no one in the Western media has discussed. The beneficiary of these artificially suppressed interest rates has been Wall Street. Rather than an engine of job creation, these ridiculously low interest rates have served as an engine of wealth destruction, by causing pension deficits, both public and private to widen. Thus, the Federal Reserve’s monetary policy has boosted the balance sheets of Wall Street banks at the expense of pension plans.
The cost of this interest rate manipulation is already in the trillions of dollars, yet not one word about this from the media. The reason for the silence in this matter should be obvious. The Jewish Mafia uses its control of the media to cover up the crimes of Wall Street and the Federal Reserve.
As Wall Street continues to defraud Americans, there will be countless problems for many years. The pension problem alone is going to lower living standards for millions of Americans for several generations.
The corporate segment of the Jewish Mafia is also contributing to the demise of America through the continued exportation of U.S. jobs to Asia and Latin America, while failing to provide real wage growth in the face of excessive inflation for basic necessities.
Finally, Washington’s role cannot be overlooked. As these criminal puppets look to reduce the national debt they created by pushing for useless wars, tax benefits to the wealthy and to pay for Wall Street fraud, they are targeting massive cuts to Social Security, Medicare and Medicaid. From this picture alone, you can see that millions of Americans have already been sentenced to permanently reduced living standards.
Despite all the treachery, the United States has an ace in the hole, providing it with the ability to prevent a complete socioeconomic meltdown. America’s diverse agricultural resources and enormous productive capabilities ensure that its people will never starve. Unlike other nations, the U.S. can supply amble food to every American with ease if needed.
More important, the petrodollar enables the U.S. to export inflation throughout the globe, insulating it from any possibility of hyperinflation, despite the claims made by charlatans flooded throughout the media.
The petrodollar (or what I often refer to as the dollar-oil link) is the key to the entire global chess match. With rare exception, you must have dollars to buy crude oil and other commodities in the commercial markets. This links the U.S. dollar to the price of oil, positioning it as a very critical resource fueling the U.S. economy. In fact, the petrodollar is the most powerful lever of the U.S. economy.
As strange as it may sound, the Saudi Royal Family works together with the Jewish Mafia. Using the dollar-oil link, the Federal Reserve taxes every nation in the world by exporting inflation, as it floods the financial system with credit.
Meanwhile, in exchange for selling oil for U.S. dollars, the Saudi Royal Family receives the unconditional support of the U.S. military against uprisings that might threaten to topple its regime. If a real threat of anarchy arises in Saudi Arabia, you can be assured that U.S. troops will be there to support the Royal Family if needed, as set forth in the original agreement made by President Nixon in the early 1970s. When you’re at the very top of the food chain, racial, ethnic and religious differences are meaningless. Money and power are all that matter to these people.
This was just one of the “controversial” topics I addressed in America’s Financial Apocalypse (2006). Addition details on the effects of diminished competitiveness of the U.S. due to Affirmative Action, the criminality of corporate America, Wall Street and Washington led to me being blacklisted by the entire media circuit shortly thereafter.
The economic benefits of the dollar-oil link emphasize the importance of the Saudis to the U.S. economy. In contrast, Israel provides no benefits whatsoever to the U.S., yet they too
receive the same (if not more) support afforded to Saudi Arabia. Today, the U.S.-Israel relationship has become a huge liability to the U.S. economy, in addition to its contributions to increased geopolitical instability.
Thus, as the Washington puppets continue to support the terrorist state of Israel, they are jeopardizing the survival of the dollar-oil link and thus the long-term trajectory of the U.S. economy. And the U.S. receives absolutely no benefits whatsoever from Israel for this support. Certainly, the Saudi Royal Family poses no threat to sever the dollar-oil link. However, millions of suppressed Saudi citizens threaten to overturn this dictatorship, which would pose a threat to this vital economic link.
Iranian officials know well that severing the link between the U.S. dollar and oil offers the easiest and most definitive means by which to permanently destroy the U.S. economy. But Iran’s ultimate target is the Zionist power matrix whose financial headquarters is based in the United States. This is specifically why Iran has been selling its crude oil for assets other than dollars. Saddam Hussein did the same thing in 2000, and we saw what happened to him; hence, the real reason why Washington wants war with Iran.
Iran’s actions alone pose no real threat to severing the dollar-oil link so long as OPEC holds its ground. And because the Saudis control OPEC, the petrodollar is likely to remain intact for many decades to come. Nevertheless, Israel has seized the opportunity to push Washington closer towards war with Iran by use of its propaganda machine, which as you can imagine, has very strong ties to the Western media monopoly.
The economic power created by the petrodollar enables Washington to provide welfare benefits to tens of millions of impoverished Americans even at a time when U.S. debt is at its highest level since WW2. Thus, as long as Washington continues to offer generous welfare programs, Americans are not likely to resort to the types of violent protests required for a regime change.
I’m not talking about a change of political parties. It is a well-established fact that both parties of the U.S. government are essentially the same. Clearly, each party is under the control of Israel and the Jewish Mafia.
When it comes to issues that matter most to Americans, such as the ability to secure a good job and affordable medical care, both political parties always agree; they are going to side with the banks and corporate America at any cost, even when it means millions of jobs are sent to Asia; even when it means one million Americans file for medical bankruptcy each year; even when it means the destruction of the U.S. Constitution.
The kind of regime change I am referring to is an overthrow of America’s fascist government. Specifically, I am talking about the capture and arrest of everyone in Washington for their role in political and economic treason; even Ron Paul and Dennis Kucinich. Past administrations are just as guilty. They have all participated in the destruction of the United States, its economy and its constitution. And they must be dealt with accordingly.
Tearing down America’s longstanding fascist regime would blaze the pathway for elimination of the Zionist control of the U.S., as well as the Jewish Mafia. This represents the only route towards freedom for the American people.
But as long as the criminal puppets in Washington continue to provide welfare benefits to tens of millions of Americans, the panic, anger and fear required for such a monumental act will be kept at a minimum. As a result, Americans won’t take to the streets. Complacency will enable the fascist government of the United States to continue to suppress its people and bully the world, as it has for several decades.
Without a regime change, the status quo in America will persist. Washington will continue to serve as a proxy for Israel, wasting trillions of dollars for useless wars; tragic wars costing millions of lives, maiming and killing millions of innocent people.
Without a regime change, Washington will continue to abolish individual freedoms and liberties towards their pursuit of a police state and global rule.
Without a regime change, Washington will continue to ignore anti-trust laws which are meant to prevent monopolies. They will continue to expand upon unfair trade policies at the expense of American jobs in order to boost profits of corporate America.
Without a regime change, corporate America will continue to suppress workers by outsourcing jobs and slashing employee benefits, while exploiting consumers through industry collusion and price gouging.
Without a regime change, Wall Street will continue to defraud investors. They will continue to orchestrate Ponzi schemes and engage in insider trading. And they will continue to partner with media crime bosses to carry out pump-and-dump schemes, such as those seen recently in the social media sector.
Without a regime change, Wall Street will continue to defraud retirement plans, thereby hastening the destruction of the middle class.
Without a regime change, the Federal Reserve will continue to manipulate the global economy, causing recessions and depressions. This will pave the way for the IMF to enter and seize the assets and sovereignty of more nations, one by one. The Jewish Mafia will divide and conquer as they have always done.
Without a regime change, private and public sector officials will continue to escape accountability for fraud, deception and even treason. And they will continue to utilize the revolving door.
Without a regime change, Americans will continue to suffer from the current depression, and the nation’seconomic trajectory will continue to decline indefinitely.
Without a regime change, the perpetual wave of securities, taxpayer and other types of white collar fraudcarried out by Wall Street, the Federal Reserve, Washington and corporate America will create even more Jewish billionaires and gentile puppets at the expense of Main Street. And they will use this money to ensure that Washington remains under their control. Nothing good will come of this for the American people.
Thus, the best chance America has to reclaim its country from the corporate crooks, Banking Cartel and political puppets is to get rid of its welfare program; doing so will encourage millions of Americans to do what they should have done decades ago; dismantle the criminal power matrix that serves as the foundation of America’s fascist establishment, and create a government run by the people and for the people, as was originally intended.
Originally Published on July 31, 2012 by Press TV