Many experts have been questioning President Obama’s understanding of economics in the wake of his bailout packages and, more recently, his proposed budget – which the Congressional Budget Office has estimated would add $9.3 trillion (with a “t”) to the national debt over 10 years. These experts question whether or not the president understands the economic consequences of his executive actions, many coming to the conclusion that he is either unaware or overly optimistic when it comes to the desired results.
These “experts” are wrong on both assertions: President Obama and his advisers know exactly what they are doing.
During this time of crisis where the nation is gripped by fear, the current administration (following the words of White House Chief of Staff Rahm Emanuel) is not going to let this opportunity pass. Obama has surrounded himself with globalist thinkers who believe America’s sovereignty is an outdated notion and that her place is not at the head of the world community as an independent nation but rather an equal part of it, on par with human rights violators such as Iran, Saudi Arabia, et al. In direct concert with this globalist mentality is the need for a global currency; the dollar should no longer be regarded as the currency of choice but relegated to a place that sees all nations holding an equal piece of legal tender. With a strong dollar, America’s citizenry would reject the move to a global currency. However, with just the right amount of fear and uncertainty, America’s citizens have proven time and time again that we will do just about anything to alleviate the pain.
Up until now the current economic crisis has helped grease the wheels in getting Americans to think that we are not invincible, that economies are susceptible to frightening times. This awareness has programmed the brains of Americans to understand the feeling of financial fear and to know they never want to experience this fear again – whatever the cost. It is this psychological conditioning that has already opened one door and will soon open two more.
What we saw behind door No. 1 was the acceptance by the American public of extremely excessive bailouts and stimulus packages disguised as a “fix” of the recession with little or no oversight. Hundreds of billions of dollars have been essentially stolen from the taxpayers on both Bush’s watch and Obama’s, yet we allow it because we don’t want to feel any more pain. Now, several spending bills later, we are staring at a multi-trillion dollar budget proposal that will force the Treasury to either print even more money or subsidize its own debt.
After trillions of new dollars have been (and continue to be) printed or government subsidized, door No. 2 will swing open, and hyperinflation will punch us squarely in the mouth! Hyperinflation occurs when you have a massive increase in the money supply that is not proportionally backed by the production of goods and services, resulting in a substantial decrease in purchasing power. Currently, we have the U.S. Treasury printing trillions of new dollars at a time when America’s GDP (the universal measure of a nations output of goods and services) is either stagnant or shrinking. The potential onset of hyperinflation is a phenomenon that will make our current economic crisis pale in comparison; again triggering America’s psyche, still fresh with the fear of financial instability, into a mad rush to once again “heal the pain.”
Bloodied by the hyperinflation punch, America’s public will stumble toward the third door, eager to bandage their wounds, and open what will be disguised as a cure-all to their ills … a one-world, global currency. Now, the onset of a truly “one-world” global currency may prove to be a few steps into this last door, but once this door is cracked, it will be nearly impossible to slam shut. First you will see a merging of the North America’s systems into one continental currency (Google amero). Most of Europe has already established the euro, and the countries comprising Africa are discussing an African Union which would recognize one continental currency. Eventually, these geographical (no longer national) currencies would likely merge at the behest of the IMF, World Bank and few geographical elites. The result: a consolidation of economic power into fewer and fewer hands causing an ever-expanding lower class and a shrinking middle class. Those not fortunate enough to be a member of the elite will find themselves financially enslaved by them.
Don’t be fooled by the purported good intentions or supposed ignorance of any administration, as the current economic policies being shoved down our throats are neither well-intended nor ignorant; rather they are coldly calculated.
Brian Adkins is a 28-year-old financial analyst for a defense contractor. He holds a degree in business from San Diego State and is currently seeking a JD from Thomas Jefferson School of Law.
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