Why It Augurs a Sinister Banksters' End Game

[Crewleader]

December 8, 2009

Why It Augurs a Sinister Banksters' End Game
Obama's "We Got No Money" Rap

By MIKE WHITNEY

There's no fixed number of greenbacks in a vault at the Treasury that limit how much the federal government can spend. Since the US pays its debts in its own currency--it can print as many dollars as it pleases. Of course, if boosting the money supply triggers inflation, the Fed has to withdraw liquidity and raise interest rates. But that's not the problem at present. The problem is how to zap the economy back to life. The problem is how to get 16 million people out of unemployment lines and back to work. That's the real challenge. The problem is political not economic. Obama is surrounded by industry reps who are trying to scare him about the size of the deficits. But deficits aren't the problem; unemployment is. Once people get back to work and build their savings, their creditworthiness will improve, and the next economic expansion will begin. When more people are paying into the system, the deficits will come down. But the deficits won't come down if tens of millions of people are still on the sidelines and forced to cut their spending. Judging by last Thursday's speech at the "Jobs Summit", Obama still doesn't grasp this:

"But I want to be clear," Obama boomed. "While I believe that government has a critical role in creating the conditions for economic growth, ultimately true economic recovery is only going to come from the private sector. We don't have enough public dollars to fill the hole of private dollars that was created as a consequence of the crisis. It is only when the private sector starts to reinvest again, only when our businesses start hiring again and people start spending again and families start seeing improvement in their own lives again that we're going to have the kind of economy that we want. That's the measure of a real economic recovery."

http://www.counterpunch.org/whitney12082009.html

[dixiegrrrrl]

1. "We don't have enough public dollars to fill the hole of private dollars"

Pity he did not figure that out before hiring Geithner.
He seems to think we have enough dollars to pay 100,00 ( latest figure) contractors in our wars.

[Crewleader]

2. I'm with you on Geithner my friend

and you're correct,"He seems to think we have enough dollars to pay 100,00 ( latest figure) contractors in our wars."

Wars are expensive and the ones we're in are not winnable...the cost in lives is too much.

Bring the troops home! :patriot:

[wuvuj]

3. So how much oil and biosphere would...

...we save by shutting both wars down and investing the money in increasing efficiency/alt energy at home. And we'd have those environmental jobs he "talked" about?

I SAID...BEFORE this last election that we might get a new president and congress...but we'd see the SOS.

Why? The SHADOW GOVERNMENT. ....the intelligence services...military..."justice" dept...think tanks...Rugpug retards....the retrograde and the shit we just drag along for the hell of it I guess.


So where would we be if neither war was started and all the money had been spent on the above?? How much LESS environmental damage...human suffering...and wasted time?


It goes on because fighting wars for oil and world domination is FUN...and makes the BIG THINKERS feel important. And doing it all on borrowed money is priceless....:woohoo:

[dixiegrrrrl]

4. 'Zactly.

[glitch]

5. It looks like our species isn't capable of that quick an evolutionary leap.

We highly over-rated ourselves.