Correction Please Mr Obama

Mr Obama, you recently said the President of the United States cannot control gas prices. What you meant to say was: Any President who accepts a billion dollars from the Too Big To Jail Banks, Big Oil, the Military Industrial Complex and the Israel Lobby can do nothing about anything which is why we have No Hope For Change. A real man or woman would say there is no evidence of an Iranian nuclear weapons program so we will be withdrawing our fleet from the Persian Gulf. That will immediately reduce tensions and oil prices.

A real man or woman would tell Gary Gensler, the former Goldman Sachs Vice President, to resign from the CFTC, put in a new Chairperson and lower the boom on Wall Street and London oil speculators. You might go a step further and fire every former Goldman Sachs, JP Morgan, GE and Citibank employee from your administration. You might even fire the entire SEC board for illegally shredding potential prosecution documents. Tell them, “SEC does not stand for Shredding Evidence for Cash.”

But that would lower the price of gasoline, stop the need for Bailouts and help you get re-elected. It seems that every week you and Mittens Romney take turns pulling bonehead stunts to guarantee you will lose the election. I assume this means neither of you wants to win because both of you know Ben Bernanke will be lowering the boom on us after the 2012 elections with a Hyperinflationary Depression.  Bernanke and his predecessor Alan Greenspan have been working together since 1987 to create the greatest inflationary Depression in world history. (I promise to write about that next time.)

There is an alternative. Mr Obama, if you correctly understood that inflation is designed to transfer wealth from us to the bankers, you would end  fractional reserve banking. Both Hyman Minsky and the Austrian School  proved fractional reserve banking was the source of financial instability, You would also issue a non-interest bearing currency as President Kennedy did before the bankers assassinated him on the anniversary of the first meeting to create the Federal Reserve held on 11-22-1910. You could cancel debts as suggested by professors Steve Keen and Michael Hudson and as the Babylonians had done thousands of years  ago though this is better known to Bible readers as a Debt Jubilee. You could use the money you get from the prosecution of 10,000 plus bankers whose assets must be seized as it is illegal to profit from a crime though again both political parties seem willing to legalize theft as long as they get their share of the trillions of dollars in loot via campaign cash.

30% of America’s GDP is the Finance sector which produces nothing we eat, wear or drive.  Since the Finance sector is a charge against the real economy you put the US at a competitive disadvantage to nations whose Finance sector costs 10%. Therefore you could act to cut that useless charge from 30% to 10% though you might have to return campaign donations from Goldman Sachs and friends. But you would win the admiration, love and respect of unemployed voters grateful for a high paying job.

Michael Hudson is working on a book that cites American history to justify the return of  tariffs, You should reverse your position on free trade and accept a role for tariffs.

The alternative to you acting like a real President is that we get really angry at the occupant of the White House in 2013 after Ben Bernanke releases that Hyperinflation and permanently cuts our wages in half.

Mr Obama, I mean no disrespect to the Office of the Presidency but until we get a real man or woman to fill the role I will refer to you and to your successors as the Resident of the White House. It has been a very long time since we had a real President.

Notes: I have explained why Austerity is like Hyperinflation in that both are designed to transfer wealth from you to the bankers. Please consider this:

The Mathematics Of Austerity: Proving Austerity Never Was Even Intended To Work

The Mathematics Of Austerity: Proving Austerity Never Was Even Intended To Work

This next article explains what people need to know if they do not want bankers to starve them to death,

Nine Myths And Misconceptions About Money That Can Literally Kill You

Nine Myths And Misconceptions About Money That Can Literally Kill You

The next article is one of my most popular,

25 Reasons To Absolutely Despise Bankers And Their Minions

25 Reasons To Absolutely Despise Bankers And Their Minions

This last one concerns one of the best women in the resistance movement.

Catherine Austin Fitts: The Black Budget And The Leveraged Buyout Of The World Using Stolen Money

Catherine Austin Fitts: The Black Budget And The Leveraged Buyout Of The World Using Stolen Money