For America's economy, the end is nigh [Fundamental Transformation Complete]

World Net Daily ^ | 7/12/2015 | Lord Monckton

[Jan_Sobieski]

...Mr. Obama’s mission to destroy America’s economy is complete. The damage he has done is irreversible. The dollar is history. The American economy is going down, and soon.

The posh commentators say the collapse will be gradual rather than sudden. But few are now predicting there will not be collapse at all. Here are just some of the pointers. First and foremost, U.S. public debt is $18.3 trillion. By the time Mr. Obama leaves the White House late next year, he will have doubled it in a single “presidency.” On top of that, Uncle Sam has unfunded liabilities of at least $100 trillion – Medicare, Medicaid, Freddie Mac, Fannie Mae, Social Security and so forth.

Partly as a result of all that debt, and partly through scandalous mismanagement, the U.S. Federal Reserve Bank is insolvent – insolvent even though it has robbed the citizen blind by reducing the value of the dollar to just 4 cents compared with what it would buy when the Fed was founded a century ago.

At book value, the Fed pretends to be solvent, but that is because it accounts for its assets at cost and not at today’s market price. The Fed has $60 billion in capital, about twice that in total assets, and $4.5 trillion in liabilities. Its average leveraging was around 40:1 over the past half-century. Now it is leveraged at more like 80:1. That kind of leveraging among the private banks was what brought about the crash of 2008.

[...]

To quote Margaret Thatcher again, socialism is all very well until other people’s money runs out. Other people’s money has now run out. Expect trouble ahead...

[Jan_Sobieski]

Christopher Monckton of Brenchley, is a former adviser to Prime Minister Margaret Thatcher. He wrote leaders for the Yorkshire Post, was editor of the Catholic paper The Universe, managing editor of the Telegraph Sunday Magazine, assistant editor of Today, and consulting editor of the Evening Standard. He invented the million-selling "Eternity Puzzles," "Sudoku X" and a promising treatment for infections.

[C. Edmund Wright]

Moncton is also one of the leading voices exposing the MM global warming hoax....

[Vermont Lt]

I think we need a bigger printing press.

[DoughtyOne]

I think we are reaching a saturation point. I do not think it’s irreversible.

You get in there, clean up welfare, slice a number of departments, stop agencies like the EPA from destroying this nation, and things can be turned around.

Paying off half a trillion dollars on the national debt each year would help relieve the pressure in short order, and that’s just from welfare alone.

Start closing departments and spark our economy increasing tax receipts, this can be done.

While I appreciate this issue being brought up, I’m not convinced this has to be fatal at this point. Even the writer seems to think in terms of a slow decline.

We could get healthy in short order with the right guy in there.

Welfare
Closing Government Departments and Agencies
Putting people back to work / increased tax receipts

We could easily see a trillion dollar flip here.

Over twenty years you pay off the national debt.

Folks, with the right team, this is an easy fix.

The question is, do we have the resolve to put the right team in?

[ETL]

The Cloward-Piven Strategy of Manufactured Crisis [Obama's strategy for destroying the economy]
frontpage.americandaughter.com ^ | August 31, 2008 | Jim Simpson

Liberals self-righteously wrap themselves in the mantle of public spirit. They ardently promote policies promising to deliver the poor and oppressed from their latest misery — policies which can only find solution in the halls of government. But no matter what issue one examines, over the last fifty plus years, the liberal prescription has almost always been a failure.

Why is this so? Why does virtually every liberal scheme result in ever-increasing public spending while conditions seem to get continually worse? There are a number of reasons:

1. The programs usually create adverse incentives. This is especially true in so-called “anti-poverty” programs. The beneficiaries find government subsidies a replacement for, rather than a supplement to, gainful employment and eventually become incapable of supporting themselves. This in turn creates a dependent culture with its attendant toxic behaviors which demand still more government “remedies.”
2. The programs create their own industry, complete with scads of “think tanks” and “experts” who survive on government research grants. These are the aptly named “Beltway Bandits.”
3. They create their own bureaucracies, whose managers conspire with interested members of Congress to continually increase program funding, regardless of merit.
4. Members of Congress secure votes and campaign donations by extorting them from beneficiaries of such programs, either through veiled threats — “vote for me or those mean Republicans will wipe out your benefits” — or promises of still more bennies.

In short, all develop a vested interest in the program’s survival. But if the result is always more and more government, of government, by government, and for government, with no solution in sight, then why do liberals always see government as the solution rather than the problem?

Similarly, liberals use government to promote legislation that imposes mandates on the private sector to provide further benefits for selected groups. But the results are even more disastrous. For example, weighing the laws or stacking the courts to favor unions may provide short term security or higher pay for unionized labor, but has ultimately resulted in the collapse of entire domestic industries.

Another example is health care. The Dems are always trying to impose backdoor socialized medicine with incremental legislation. Why do you suppose American healthcare is in such crisis? Answer: the government has already become too deeply involved. For example, many hospitals are closing their doors because they are overwhelmed with the burden of caring for indigent patients, illegal immigrants and vagrants who must, by law, be admitted like everyone else, despite the fact that they cannot pay for services. Read about it here — Destroying Our Health Care. The net result is reduced availability of care for everyone, exactly the opposite of what liberals claim to want.

To further complicate things, liberal jurists and lawyers have created new theories of liability that utilize the legal system as a means to further redistribute income. This too, has resulted in higher costs and prices in affected industries, higher insurance costs, or in some cases, complete elimination of products or services.

Liberals’ endless pursuit of “rights” for different groups also does little but create increasing divisions in our society. Liberal policy pits old against young, men against women, ethnic and racial groups against one another, even American citizens against illegal aliens, all in the name of “equality.” The only result is anger, tension and equal misery for all.

How does any of this improve our lot?

Finally, when companies relocate overseas to avoid the high cost of unionized labor and heavy domestic regulation, liberals sarcastically excoriate them for “outsourcing” America. Yet, when it comes to certain domestic industries, liberals in Congress suddenly become free marketers and choose to buy from overseas contractors rather than domestic suppliers. This happened most recently with a huge military contract being outrageously awarded to the heavily subsidized European consortium, AIRBUS, over America’s own Boeing. Since liberals claim to be so determined to “save the American worker,” what gives?

You have to take a step further back and ask some fundamental questions. Why is the liberal public policy record one of such unmitigated disaster? I mean, even the worst batter hits one occasionally. No one bats zero. No one that is, except liberals.

Prior to the Republican takeover in Congress in 1994, Democrats had over fifty years of virtually unbroken power in Congress with substantial majorities most of the time. With all the time and money in the world — trillions spent — they couldn’t fix a single thing, not one. Today’s liberal has the same complaints, and the same old tired solutions. Can a group of smart people, studying issue after issue for years on end, with virtually unlimited resources at their command, not come up with a single policy that works? Why are they chronically incapable?

Why?

When things go bad all the time, despite the best efforts of all involved, I suggest to you something else is at work — something deeper, more malevolent.

I submit to you that it is not a mistake, the failure is deliberate!

There is a method to the madness, and the method even has a name: the Cloward-Piven Strategy. It was first elucidated in the 1960s by a pair of radical leftist Columbia University professors, Richard Andrew Cloward and Frances Fox Piven:

The strategy of forcing political change through orchestrated crisis…. …the “Cloward-Piven Strategy” seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.

[Part II of this article will explore those organizations created to implement the Cloward-Piven strategy and their ties to the presidential candidacy of Barack Obama.]

---

The Complete Cloward-Piven Series

The Cloward-Piven Strategy, Part I: Manufactured Crisis
The Cloward-Piven Strategy, Part I — print copy
The Cloward-Piven Strategy, Part II: Barack Obama and the Strategy of Manufactured Crisis
The Cloward-Piven Strategy, Part II — print copy
The Cloward-Piven Strategy, Part III: Conspiracy of the Lemmings
The Cloward-Piven Strategy, Part III — print copy
Hate Crimes Legislation — Back Door Censorship

[Inyo-Mono]

Bttt.

[Jan_Sobieski]

Exactly! The Globalist Socialists are executing their playbook perfectly!

[ETL]

Very sorry... It appears the links in that piece are no longer valid. However, you can find copies of the originals using this free online service:

http://archive.org/web/

[Jane Long]

I remember reading about the Cloward-Piven strategy to completely *transform* America, back in 2008, in an article (article series) at American Thinker. I sent it to several people, at the time. Most were in complete disbelief (that it could/would ever happen).

[MileHi]

The question is, do we have the resolve to put the right team in?

We have Boehner and McConnell...

[DoughtyOne]

Those guys need to go, and I may be off base, but if you got a driving force in the White House, they’d orchestrate some management changes in Congress.

McConnell and Boehner are destroyers. They have to go.

[MileHi]

...and I may be off base,...

Not that I've ever seen.

[DoughtyOne]

Thanks you MileHi. I appreciate the compliment.

[DoughtyOne]

Stick around. You’ll see it from time to time... = :^)

[MileHi]

{:0)

[MileHi]

{:0)

[Jan_Sobieski]

You were ahead of your time...

[sphinx]

We will be forced to distinguish between debt and unfunded entitlements. The former needs to be paid (or inflated away) unless one is willing to risk a collapse of the banking system. The unfunded entitlements are another story. These are vast obligations we have promised ourselves at the expense, of course, of future generations who have had no say in the matter. These will, simply, not be paid in full. Future generations are under NO obligation to fund our insane irresponsibility. Sooner or later, they will simply say no. The real argument is when and how the cuts will be made.

[Logical me]

You get in there, clean up welfare, slice a number of departments, stop agencies like the EPA from destroying this nation, and things can be turned around.

You will see neither party even attempt it. To clean up welfare would see riots of millions and millions who now and forever need it to survive. The EPA could be disbanded but the damage already done would take many years to reverse because it would have to be done piece by piece. Slice departments, what would America do with all that additional unemployment? Hand them a monthly check? It will take many years for the job market to restart.

America has been driven down so bad it might never recover no matter who controls the Presidency, Senate, and House. Then the communists control of the Supreme Court, not a damn chance. Sorry, I see no real chance.

[central_va]

More ink.