Sunday, March 30, 2008

The 'Zimbabwefication' of Amerika

Sunday, March 30, 2008

Economics 1.01: "The more dollars there are in circulation, the less they're worth."

It can't be much fun working for the Federal Reserve as a printer these days. For one thing, you get close to zero time off and are practically chained to the galloping machinery, and for another, you have to endure the acrid smoke billowing from the red-hot presses as they race to churn out hundreds of billions of additional dollars to prop up Amerika's crumbling financial system.

Periodic recessions are unavoidable in capitalist economies. They are GUARANTEED to occur from time to time, so it's totally bizarre that the government is taking such crazy, crazy risks with future inflation in order to try to stave off what is after all, only natural and inevitable. To have slashed interest rates AND pumped ENORMOUS sums into the system at precisely the same time as food/commodity prices around the world are heading skywards is, on the face of it, utter madness. Talk about pouring gasoline on the fire!

But we have to remember that these people may know something we don't, in addition to NOT having our interests at heart. Standing back a few paces and looking at the whole dreadful picture, it's hard not to see it as blatant, economic sabotage. Every time another dollar goes into circulation, each of us becomes a tiny bit poorer; inflation is stoked, and we become cheaper and cheaper for foreigners to buy out. Factor in the sheer scale of the current rampant reflationary measures and the parallels to a certain southern African country become striking.

During the Second World War, the Nazis contrived a plan to counterfeit Bank of England notes in huge volumes and drop millions of them on the country from the air. These were without doubt, the best forgeries ever seen up until that time and had the plan succeeded, it would have brought the British economy to its knees. This plan was of course, outright, deliberate, economic sabotage - - a novel and ingenious weapon in a wider war - yet incredibly, it is exactly what the US government is doing to its own country today.

'Zimbabwefication' is the term I have come up with that best describes what is currently going on. The sums involved in this bail-out are vast indeed and WILL have inflationary consequences. Maybe we won't see the 100,000% per annum inflation that Zimbabwe now has, but nevertheless, you and I will continue to pay more and more for less and less; our standard of living will continue to collapse as Amerika's decaying economy goes through its terminal convulsions. But take heart, gentile reader, for the money to fight Israel's wars and prop that 'country' up will continue to be found from somewhere. Even if we're starving in the streets, we can still count on our government to deliver on its commitment to the Jews.

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