Beware Words That Politicians Use To Confuse

China is the largest foreign holder of U.S. government bonds. But, instead of buying more of those bonds as our skyrocketing national debt leads to more bonds being issued, China has been selling some of its U.S. government bonds this year.

The Chinese are no fools. They know that all this unbridled spending — even when it is called "investment" — means that inflation is coming. That in turn means that the dollars with which U.S. government bonds will be paid off will be worth a lot less than the dollars with which the bonds were bought.

Governments around the world have played this game for centuries, robbing those who trusted them enough to buy their bonds. Like Bernard Madoff, they call it "investment."

Inflation also means that all the talk about how higher taxes will be confined to "the rich" is nonsense. Inflation is a hidden tax that takes away the value of money held by everyone at every income level.

Abraham Lincoln once asked an audience how many legs a dog has if you count the tail as a leg. When they answered "five," Lincoln told them that the answer was four. The fact that you called the tail a leg did not make it a leg.

It is too bad that Lincoln is not still around today. He might emancipate us all from our enslavement to words.

When you call something a "stimulus" package, that does not mean that it actually stimulates. The way individuals, banks and businesses in general are hanging onto their money suggests that "sedative" package might be more accurate.

Not only the Communist Chinese:

“On August 19, about 95 percent of registered voters in Germany went to the poles and gave Hitler 38 million votes of approval (90 percent of the vote). Thus Adolf Hitler could claim he was Führer of the German nation by direct will of the people. Hitler now wielded absolute power in Germany, beyond that of any previous traditional head of state. He had become, in effect, the law unto himself.

The next day, August 20, mandatory loyalty oaths were introduced throughout the Reich...

“Article 1.

The public officials and the soldiers of the armed forces must take an oath of loyalty on entering service.

Article 2.

1. The oath of loyalty of public officials will be:
‘I swear: I shall be loyal and obedient to Adolf Hitler, the Führer of the German Reich and people, respect the laws, and fulfill my official duties conscientiously, so help me God.’

2. The oath of loyalty of the soldiers of the armed forces will be:
‘I swear by God this sacred oath: I will render unconditional obedience to Adolf Hitler, the Führer of the German Reich and people, Supreme Commander of the Armed Forces, and will be ready as a brave soldier to risk my life at any time for this oath.’

Article 3. Officials already in service must swear this oath without delay according to Article 2 number 1.”

These oaths were pledged to Hitler personally, not the German state or constitution. And they were taken very seriously by members of the German Officers’ Corps with their traditional minded codes of honor, which now elevated obedience to Hitler as a sacred duty and effectively placed the German armed forces in the position of being the personal instrument of Hitler.

(Years later, following the German defeat in World War Two, many German officers unsuccessfully attempted to use the oath as a defense against charges of war crimes and crimes against humanity.)”

http://www.historyplace.com/worldwar2/holocaust/h-becomes.htm

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.