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The "Fiscal Cliff" is a Charade Printer friendly page Print This
By Dick Fojut in Tucson
Axis of Logic
Sunday, Dec 30, 2012

An excuse to reduce Social Security and Medicare.

We are witnessing both Washington Republicans and Democrats, no doubt by pre-agreement, about to slash Social Security and Medicare (along with other public benefits) as both parties and their broadcast spokesmen now label them "Entitlements." But Multi-Trillions will continue to be wasted on invented Wars, war production, foreign aid and "bailouts" of Banks and Corporations.

At the last moment, in another Charade, we will witness Congress raising the "Debt Ceiling" to again permit our Treasury to pretend to borrow trillions of new "dollars" from the misnamed "Federal" Reserve Bank system.

The "Federal" Reserve (privately owned since 1913 by mainly foreign Bank Stockholders who have never loaned a dime from their own vaults), will again create huge, pretend "loans" out of thin air on their computers. Our Treasury on its computers, will pretend to have borrowed from the Fed. Our Treasury will then hand the Fed real U.S. Government Bonds ensuring the United States - and future Tax Payers - owe the Fed Banksters real principal plus real Interest on the Pretend "loans!"

(Our Treasury's printing presses will also print some new paper dollars out of thin air for the FED  - costing the Fed only paper, ink and labor - to put into general circulation.)

All cooperating banks and those handed Pretend Money from our Treasury and Government, will in turn, also pretend on their computers to have received the "dollars." As long as all involved pretend, the national Charade will continue. And as always since 1913, American taxpayers will continue to be heavily indebted to the Fed banksters (and Stockholders) for their multi-billions of Pretend Dollars - which have yearly reduced the value of all existing dollars held by Americans.

Our Constitution authorized that only Congress may create (interest free) new money. Yet the privately owned Fed Banksters have unconstitutionally been permitted by Congress to create interest-burdened dollars out of thin air since 1913!

If the majority in Congress were not just the obedient stooges of the Fed Banksters as they have been, they could (and should) abolish the privately owned Fed and/or erase the phoney "National Debt" falsely "owed" them by American taxpayers.

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