This chart appeared originally at Zero Edge asking us if Ben Bernanke is smarter than a third grader. The idea expressed by our 8 year-old genius is that if we have no jobs other than killing people overseas and spying on Americans at home who will pay the taxes to keep the lights on? We currently have 21.9 million people working full time for the federal, state and local governments. Additionally, we have millions of civilian contractors working for the Defense Department, NSA, the CIA, the DIA and DHS as mercenaries, spies and in logistical support. It has recently been revealed that some of these NSA contractors are listening in on the conversations of soldiers in Afghanistan who had not seen their wives for a year and sharing the sexier recordings with their friends.
I remember reading once that we had 5 million contractors working for social welfare and education. I am not sure if that includes the scientists at universities testing chimpanzees to determine the proper flicker rate to turn a primate into a TV zombie. These men and women are probably being paid by the DOD along with the people making those killer viruses designed to kill a few billion poor people.
The US by design has shipped 12 million jobs overseas and closed 53,000 factories since 2000. We are creating a lot of low wage part time jobs but none that can feed a family. That is why we have trillion dollar annual structural budget deficits which as I said before will soon become 2 and then 4 trillion dollar deficits.
Hint #1 to Washington and the Corporate Media: You can substitute a printing press for real payrolls for awhile but eventually that policy will crash and end in Hyperinflation, Nationwide Food Riots and a Race War.
Hint #2 to the Corporate Media: A Race War was built into the system by design so we would focus our attention on the race of our neighbors rather than the race of the criminals on Wall Street who stole a lot more than 43 trillion dollars cited by the Spire law group.
Hint # 3 to Artists. A good Third Grade chart would be one listing Total Debt since 9-11- 2001 when the US allowed Israel to take down the World Trade Center Towers with controlled demolitions. Since that date we have spent $10,980,720,000 more than we took in from taxpayers. That would make one column on our chart. The next column would consist of a total of several items. One is Total Spending on Wars for Israel since 911 which is 6 trillion dollars. Add to that half of all the 80 billion dollar a year spent by America’s 17 intelligence agencies. Also add to that all money spent on the TSA and Homeland Security. And now add to that all the money spent to pay interest on the federal debt. The cost of interest on the debt is currently 535 billion dollars a year. If we had not allowed ‘Lone Assassins’ to kill Presidents Lincoln and Kennedy, we would have a non-interest bearing currency like the Greenback.
If our Third Grader were particularly imaginative, he or she would add in the money Wall Street is allowed to steal from unaudited federal spending that we commoners are not allowed to question. Donald Rumsfeld announced on 9-10-2001 that 2.3 trillion had gone missing from the DOD. I would estimate that we lose about 200 billion dollars a year to theft by Wall Street. 200 billion X 12 years = 2.4 trillion dollars.
I think we could label our second column the total cost of our inability to just say NO to Israel and to Wall Street.
A man in Arizona recently received 2 emails from an oil billionaire. This is the first one.
A large Chinese bank just last night ran out of liquidity and was bailed out by the government. Furthermore: “The seven-day repo rate, the benchmark rate for funding costs between banks, surged to 12.33% Thursday afternoon from the 8.26% rate at Wednesday’s close. It had averaged around 3.30% this year before the liquidity crunch began at the end of last month.” This is the same phenomenon that occurred globally in September 2008.’
Translation: Bank liquidity is a key to economic activity. A key to Credit Default Swaps is that 3.3% overnight repo rate. There are hundreds of trillions of dollars in CDS that are determined by interest rates. When the bankers want to crash the markets, they will raise interest rates and crash the quadrillion dollar plus CDS and derivatives markets. We will go from where we are to Absolute Chaos within days of a significant rise in the interest rate.
This is the second email:
‘The U.S. market has DECLINED over the past month, the Japanese stock market has recently dropped 20%, the U.S. bond market sold-off, gold (GLD) is down 20% year-to-date (YTD), Chinese stocks (FXI) have fallen 19.69% YTD, emerging markets stocks (EEM) have depreciated 11.3% IN THE LAST MONTH, copper—a premiere asset considered to indicate growth or contraction, has contracted 18% YTD, etc… Investors should not ignore this massive deflation in global markets and assets.’
Translation: Copper is a key indicator of economic activity. Most silver is mined as a result of mining for copper and other base metals. This decline in the price of copper, silver and gold means there will be no bullion for sale in a few months when the miners cut back on production. The ETF GLD has had a run on gold bullion because billionaires want to get their hands on that physical gold before they crash the dollar, the pound, the euro and the yen.
The elite has prepared for this collapse by creating the DHS, the NSA recording of your emails and phone conversations, the acquisition of 2.2 billion hollow point bullets, 2,700 tanks, killer robots that can run 35 mph and kill you from a distance of a mile, drones that can surveil and track you and the passage of laws that grant the President the right to arrest, torture and kill you without trial.
The chief economist at HSBC has said he is amazed that the Peasants haven’t already revolted.
Be of good cheer: There are billions more of us than there are of them.
News Flash For The People of Egypt: Mohamed El Baradei started his second campaign for the presidency of Egypt on July 2nd by contacting the Washington law and lobbying firm of Patton Boggs which is very well connected in DC. It also has offices in Qatar and Abu Dhabi. On July 3rd, he contacted the Conference of Presidents of Major American Jewish Organizations in order to get their endorsement to become President of Egypt. Apparently, the Egyptian military likes to take orders from the Jews of America. This is from Franklin Lamb who has good sources of information both in the Mideast and in Washington.
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