Oh, Say, Can You Still See?
Part 14: Summing Up an Historic Disaster

By Dr. Russell McDougal

Dear Reader,

America has been stolen blind.  Our Constitution has been dismantled.  Our borders have been left unprotected.  Our manufacturing base has been sent overseas.  Our middle class and future generations have been sold out.  The U.S. is now bankrupt by any honest accounting measure.  Do you know how these deeds were accomplished and by whom?

This series of articles on the Federal Reserve and their ongoing shenanigans was initiated around Thanksgiving Day 2007.  I had no idea it would stretch out over a quarter of a year.  Each article has built on previous articles and, frankly, macro-economic events have transpired faster than I have been able to project and explain the underlying problems.  These are really hairy times, though few are aware of the precarious situation we’re in.

A pertinent historic quote is from John Maynard Keynes in 1920: “By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.  By this method, they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some ... The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose.”

Sadly, that is very true.  Keynes is one of the two original architects of our present monetary system.  Most citizens will never know what hit them as the current monetary and economic crisis plays out.  There will be plenty of finger pointing and scapegoating but only the most discerning citizens will understand exactly when and where we went wrong.

Another key quote is from Thomas Jefferson: ”Banking establishments are more dangerous than standing armies.”  He, and a majority of our Founding Fathers knew well the dangers of submitting the Republic to “central bankers.”  Still, Jefferson could have never conceived what a witches’ brew our current banking hierarchy has brought upon us.

1913 was an ominous year.  That’s when both the Federal Reserve and the income tax laws were thrust upon the U.S.  This dynamic duo has wrought nearly a century of damage upon us and the rest of the world.  They are nothing more than predators from my vantage point.

Our current status of debts, desperation, dishonest money, bailouts, extreme institutional greed, and weird finance took root in 1913.  The present maladies are the predictable and inevitable consequences of straying from the natural disciplines of honest money.  It’s all we’ve known.

But there is a much better way.

The global monetary system, with the U.S. dollar as its “reserve currency,” is crumbling.  The dollar has been abused so much the rest of the world is no longer oblivious to its fundamentals.  A major form of change is on the horizon.

What we now recognize as “money” will soon enter the history books, alongside each and every other failed fiat currency.  That’s correct, sooner or later they all have failed.  It’s reasonable to expect the coming monetary order to, once again, be backed by tangible substances.  Gold is the frontrunner.  The U.S. will go along … kicking and screaming.

The following epilogue is my “plain English” explanation of how America has been abused and systematically dismantled by the greedy Money Power.  Our government has yielded control of both our money creation and our economy to elitist insiders.  This gang has decided that creating $600 trillion worth of derivatives is somehow appropriate.  These are the very people Jefferson warned us about.  We are now in uncharted territory.  Doubt it?

Be the one in a million or one in a thousand who comprehends fiat money and its intent to enslave.

Here’s a rundown of past articles:

Part 1- A century of stable prices prior the Fed’s arrival http://www.investorsdailyedge.com/archive/html/11-21-07-Wed-IDEweb.html

Part 2- The ultimate franchise
http://www.investorsdailyedge.com/archive/html/11-28-07-Wed-IDEweb.html

Part 3- An era of helicopter money
http://www.investorsdailyedge.com/archive/html/12-5-07-Wed-IDEweb.html

Part 4- Fed up with these jackals
http://www.investorsdailyedge.com/archive/html/12-12-07-Wed-IDEweb.html

Part 5- A vote that would really signify “change”
http://www.investorsdailyedge.com/archive/html/12-19-07-Wed-IDEweb.html

Part 6- The cruelest tax of all
http://www.investorsdailyedge.com/archive/html/12-26-07-Wed-IDEweb.html

Part 7- Let the age of bailouts begin
http://www.investorsdailyedge.com/archive/html/01-02-08-Wed-IDEweb.html

Part 8- Step right up to the feeding trough
http://www.investorsdailyedge.com/archive/html/01-09-08-Wed-IDEweb.html

Part 9- Real estate and the F words
http://www.investorsdailyedge.com/archive/html/01-16-08-Wed-IDEweb.html

Part 10- Hey Buddy, can you spare a trillion?
http://www.investorsdailyedge.com/archive/html/01-23-08-Wed-IDEweb.html

Part 11- The epitome of greed and recklessness - The wild card market
http://www.investorsdailyedge.com/archive/html/01-30-08-Wed-IDEweb.html

Part 12- How bailouts will impact you
http://www.investorsdailyedge.com/archive/html/02-06-08-Wed-IDEweb.html

Part 13- You need a scorecard to keep up with these crooks
http://www.investorsdailyedge.com/archive/html/02-13-08-Wed-IDEweb.html

Invest Resourcefully,

Rusty

P.S. It’s a good time to review JFK’s “Secrecy Speech” in which he stated, “That is why the Athenian lawmaker Solen decreed it a crime for any citizen to shrink from controversy.”

[Ed. Note: Dr. Russell McDougal has dedicated years of study and investing in the natural resources exploration sector. During that time he has closed out DOZENS of gains of 500%... 1,000%... 2,000% and more! Currently he is sitting on multiple thousand percent winners, including one stock that is up a whopping +5,000%. And for a select group of investors, Rusty has agreed to share his secrets of success... and his top stock recommendations. Click here to learn more... ]

Market Watch

The 'Ship My Job Away' Tax Break

By Charles Delvalle

Charles, I was confused on your comment about eliminating the tax break for companies that send jobs overseas.  By eliminating the tax break, wouldn't that tend to stop the jobs from being moved to other countries?  Not that I'm against a global economy, I just didn't understand your position on this issue.

-Pete

Dear Pete,

I’m for eliminating the $37 billion in tax breaks companies get for shipping jobs overseas.  Why?  Well, the reduction in overhead companies would get for making the switch should be enough incentive for them to do it.

Incentives like this make you question why America would give corporations money for eliminating jobs at home.

Why not use this money to fix some of the busted bridges across the U.S.?  Or how about using it to pay down some of our $400 billion budget deficit?  There are tons of uses for this money that would be far more productive.

Of course, you have to convince the politicians that this is a good idea.  Actually, you have to convince the international corporations that are lobbying the politicians.

Look for a Democratic presidency to end this tax break.  And with that, a lot of corporations that ship jobs overseas (like cell phone and IT companies) will see a drop in their profits as they pay higher taxes.

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