Since, Mr. Obama is a man whose Marxist revolutionary purposes have never been repudiated, in what way can the monetary policies of the United States be seen as inconsistent with or uninfluenced by Marxist revolutionary principles?
It's a fair question. Yes, it is.
Anyway, here's one indication of the effects of U.S. monetary policy:
For the last quarter the growth in the money supply has been running north of 40%, annualized. And where have we seen that number before?[1]Would an conservative, or an economic literate like libertarian Ron Paul, be complacent about this vast theft of value from any and all Americans whose savings and other assets are being devalued? I ask this because Obama and his people are quite complacent about it indeed, given their prime directive of hosing money into the coffers of public employee unions and other political donors.
There was a time when I basically trusted government, not to be wise and frugal or to be free of crass political calculation, but at least to be honest and have the interests of the majority population at heart somewhere. Now, it is ridiculous to have that trust. Our federal government is today controlled either by fools or by people who are using it for very private and evil purposes.
Can I use the word "evil" or is that just so . . . so . . . yesterday?
Notes
[1] "Hyperinflation." By Ol' Remus, Yer Ol’ Woodpile Report, No. 239, 10/25/11.
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