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« Life And Death Of The One Dollar Bill | Main | All Eyes On Judge Nancy Russo - Ohio GMAC Foreclosure Case May Set Anti-Wall Street Precedent »
Wednesday
Nov102010

The Character Of Our Currency

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Guest post from contributor Wil Martindale, who blogs at:

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With the recent Federal Reserve bailout of 600 billion U.S. Dollars into the corrupt money laundering system of the global banking dictatorship, has the furious wail of the people been reduced to an impotent whisper?

After the elections, Tea Partiers and Republicans mightily thumped their chests, vowing to uphold the “People’s mandate” of “fiscal responsibility” and “limited government” without compromise. The administration had already solemnly promised “no more bailouts”.

And yet, a day later, the FED publicly commits to trillions in successive bailouts, as if somehow the FED’s newly printed money, when used to purchase bonds, treasury’s or toxic debt-riddled securities, does not equate to massive, unlimited bailouts – in the exact manner predicted by letthemfail two years ago, when the first TARP outrage took place.

More slight of hand, or a desensitization, or both?

While other financial blogs attempt to analyze the motion of the pea as it moves from one shell to the next, in a sort of technical, post-mortem analysis of “follow the money”, we at letthemfail prefer to look at the larger picture. The specific directions or movements of “the pea” (money) between the “shells” (Treasury, the Fed, Primary dealers, market investors) is of much less interest than the overall realization that this is all but a grand game of deception.

For these are bailouts, pure and simple, and the deception is pure fraud–just as the rigged winnings on skewed bets which this money represents is pure fraud. And as we continue to see the fraudulent bailout evolving into different forms of deception, the slight of hand defines the character of our nation, as does our currency.

THE CHARACTER OF OUR CURRENCY

A nation’s currency reflects the value of the nation’s sense of worth: the value of it’s labor, the integrity of its people, and their character. For this is truly all that backs the full faith and credit of any sovereign. What are WE to be known for, as Ben Bernanke continues his horrific zombie bailout ritual?

Are we a nation of huckster’s and grifters, defrauding the world with our slight of hand for profit? Are we a nation of fraudsters – exploiting fools with get rich quick schemes? Are we nothing more than a nation of con artists and marks, laundering the proceeds of a global criminal enterprise through central bank slight of hand ? If so, then our “currency” is thus defined.

I believe the American people have much more to offer the world, but your central banker apparently doesn’t. He’s Hell-bent on devaluing your character, by devaluing your currency. And the question is: Will the American people continue to allow Ben Bernanke to debase this once great nation’s character?

You see, back when America defeated the evil villains of mass genocide, the maniacal Adolf Hitler and his Gestapo, and the Fascist Mussolini, and the evil “red menace”, our herioc role in the global theater was assured, and the respect of our global audience was well earned. With pride and honor, we set about to do great, humanitarian things–legislation like Hill Burton, and Glass Steagall, to name a few–and our pride of character was the envy of the world.

But today? What is our claim to fame–financial innovation? Legalized gambling? Government sponsored Ponzi schemes? Middle class wealth stripping? Corruption and fraud for profit? Is our new slogan, “We legalize the crimes that pay”?

People accuse Glenn Beck of fear mongering and “stirring up emotions, but offering no solutions” when he rallies to “restore honor” or asks us to question the content of our character. I say Glenn is spot on, when you come around full circle, and end up with the Bernanke currency debasement bailout.

Even in Great Britain, where the original Rothschild swindles gave birth to generational dynasty’s of money-lusting shylocks, some yet have the character to expose what is really going on. Yet here in the STATES, we continue to fear the great and powerful Oz … we continue to believe that the Fed is more powerful, and wiser and more omnsicient than any government of and by the people … more powerful than the character of the people themselves … letting it define their character, by their inaction.

If the puppet show continues like this here in America, and the people’s OUTRAGE continues to fall silent under the Fed’s cheap monetarist card trick, then the character of our currency will reflect the currency of our character. We have nothing to fear but our own apathy.

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Previous stories from Wil:

 

 

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Reader Comments (15)

excellent job wil..very much enjoyed reading it...
Nov 9, 2010 at 4:16 AM | Registered CommenterDailyBail
Glenn Beck – 15 Days of Economic Collapse

http://www.rightpundits.com/?p=7626
Nov 9, 2010 at 4:23 AM | Registered CommenterDailyBail
Inside the Gang Bankster Government Complicit Fraudclosure Factory

http://redactednews.blogspot.com/2010/11/inside-gang-bankster-government.html
Nov 9, 2010 at 4:24 AM | Registered CommenterDailyBail
Following the Democrat Party’s drubbing in mid-term elections, outspoken former regulator Bill Black takes aim at Barack Obama’s “disastrous” response to the financial crisis

http://www.gfsnews.com/article/351/1/Battered_Obama_took_part_in_a__cover_up___says_ex_regulator?source=patrick.net

More bill black...this guy is everywhere these days...
Nov 9, 2010 at 4:27 AM | Registered CommenterDailyBail
Bubble, Crash, Bubble, Crash, Bubble...

John P. Hussman, Ph.D.

http://www.hussmanfunds.com/wmc/wmc101108.htm
Nov 9, 2010 at 4:31 AM | Registered CommenterDailyBail
Awesome piece, Wil, thank you.

Last Saturday I was in a bar on one of the many glacial lakes in NE Indiana, bitching up a storm about the explosion of commodity prices like cotton and soybeans. The regulars there, who mostly work in factories and are grateful they still have jobs, have heard it all before.

"Why you always getting so bent outta shape about the price of that stuff?" a woman asks me.

"Look, those prices aren't really going up," I say cooly. I pull out a wad of cash and hold it up, trying a new tack. "It's our currency that is getting destroyed by a government that doesn't give a fuck about anyone outside of D.C."

Normally I get the brush off. This time a half-dozen people just stare at me for a few seconds.

"He's right," a man says. "Damn price of gas went up 10 cents again this week."

People will get it eventually. That's for damn sure. The question is whether we win the biggest game of beat-the-clock ever played.

The only thing that I can add to your fine missive, Wil, is that the rule of law is indispensable to a sound currency. The people's money, gold and especially silver, know this.
Nov 9, 2010 at 6:46 AM | Unregistered CommenterCheyenne
But today? What is our claim to fame–financial innovation? Legalized gambling? Government sponsored Ponzi schemes? Middle class wealth stripping? Corruption and fraud for profit? Is our new slogan, “We legalize the crimes that pay”?

great line wil...
Nov 9, 2010 at 7:08 AM | Registered CommenterDailyBail
Thanks for featuring this guest post !
It's in good keeping with the other fine stories here at the DB. Let's hope the FED self destructs before it destroys the dollar.
The powers that want to keep it alive are at odds with powers that want to see it die - Team Obama is playing it safe.
-Wil
Nov 9, 2010 at 9:08 AM | Unregistered CommenterWil Martindale
Great post Wil, I think it is more of a Plato's Cave show instead of a puppet show though...
Nov 9, 2010 at 9:15 AM | Unregistered CommenterS. Gompers
Wil,
Fine work as usual. I hadn't had a chance to read it until now. Much to think about.
Nov 9, 2010 at 6:51 PM | Registered CommenterDr. Pitchfork
...........Oh Gompers, a "Dog-&-Pony-Show" sounds sooooooooooooooooomuch more like 2011, and its just around the corner, too.....?

« The Character Of Our Currency »

Aint Whorth'ed-a-Crap",,,good one Wil. You can only RUN, from the Truth. Only time, will catch up to ya.....?
Nov 9, 2010 at 10:08 PM | Unregistered CommenterTexas Dar
Nice comment cheyenne..i enjoyed the story from the local watering hole...
Nov 10, 2010 at 10:12 AM | Registered CommenterDailyBail
This is a battle between good and evil. It is difficult to know what the future holds. Will the truth of the Fed ever be revealed? Will we be able to slay the dragon?
Nov 10, 2010 at 11:14 PM | Unregistered CommenterJohn Patmos
The banks are stealing the economy. The government is helping.

Why do the 'intellectuals' find this difficult to understand? Rothbard would be screaming from the roof tops.
Nov 10, 2010 at 11:37 PM | Unregistered CommenterWhiskeyJim
Nov 11, 2010 at 6:19 PM | Unregistered CommenterTexas Dar

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