July 21, 2014
The United States has endured many challenges since having reached its economic peak several decades ago. The wealth generated during the 1940s and 1950s carried the nation through several economic downturns. By the 1970s, much of this excess wealth had been depleted.
As America’s economic decline was becoming more apparent, the nation’s ruling class convinced Washington officials to introduce a series of levers designed to reduce or even reverse the decline. I have discussed each of these levers in previous articles.
The first lever introduced was the petrodollar in the early 1970s. The next was free trade. This economic pillar of globalization was advocated in the 1980s, but was not pushed through Congress until the early 1990s. Since then, it has spread throughout much of the world.
The final lever was the creation of numerous asset bubbles by the Federal Reserve Bank and Wall Street, both run by the Jewish Mafia. The Fed’s ability to create these bubbles is based largely on the financial attributes of the petrodollar.
Irrespective of these gimmicks, the United States currently finds itself in a depression. This depression is in many ways more severe and will be more difficult to escape than that seen during the 1930s. I have written several articles in support of these claims.
While things might begin to look better in a few years, the United States is likely to proceed through its socioeconomic decline until the American Empire has been dissolved. Certainly there will be many additional attempts to resurrect this empire. More wars will be fought, more oil will be taken from abroad, and more asset bubbles will be created. But these tricks will only delay, not prevent the continued decline of the United States. The winding down process is likely to take several decades. In exchange for these delays, the total damage will be more severe.
America’s Second Great Depression was triggered by massive Wall Street fraud involving trillions of dollars of grossly overvalued real estate securities.
Many of these securities were not worth the paper they were printed on, but were marketed to institutional investors as “safe investments.”
When the house of cards collapsed, an unprecedented financial crisis engulfed the entire world. These predictions were detailed in America’s Financial Apocalypse, two years before the financial crisis.
Hundreds of millions of people from around the world suffered the greatest financial loss of their lives as a result of the widespread fraud perpetrated by the Jewish Mafia.
Tens of millions of jobs and homes were lost, while trillions of dollars were stolen from pensions, IRAs and other retirement accounts. Now we see entire nations in Europe being raped by the Jewish Mafia.
There were no bailouts for the victims of this heist, but the banks were bailed out. The bankers, mortgage brokers and everyone else behind the scam retained the profits extracted as a result of fraud. Incompetent pension fund managers using other peoples’ money bought these toxic assets. They had a legally-binding fiduciary responsibility to act with prudence but failed to do so. Yet, they kept their jobs after making these irresponsible and poorly thought-out investments.
And still, not a single one of the thousands of criminals responsible for this colossal charade is in prison. This highlights the sheer power of the Jewish Mafia. Perhaps even worse is that the scams continue to this day. Unfortunately, the Jewish Mafia will continue to defraud Main Street indefinitely because nothing has been done to prevent securities fraud. In fact, the moral hazard has been strengthened due to the absence of criminal prosecution.
Rather than serving as the root cause of America’s Second Great Depression, the financial crisis merely revealed the true face of an economy that had been in gradual decline for many years. As detailed in America’s Financial Apocalypse, America’s three decade-long period of declining living standards has been masked by three principle forces; the shift from one- to two-income households; rapid growth of consumer credit; and the influx of illegal aliens. But these economic crutches have resulted in devastating societal consequences.
Let’s have a brief look at America’s Golden Era, and then contrast it with what we see in the United States today.
America’s Golden Era
During the early part of the 20th century the United States was challenging the United Kingdom for the title of the leading economic superpower. The U.S. was able to ascend to this position rather quickly due to its vast supply of untapped natural resources and budding entrepreneurial spirit that emerged from this relatively new nation.
By the 1940s, the United States had established itself as the preeminent superpower. The nation exited the war with the world’s most dominant military. And it proved to the world that it was the leader in innovation and manufacturing.
The post-war period was very prosperous for the United States. By the 1950s, it was difficult to find goods that were not “Made in the USA.” Everyone from around the world lined up for American-made products. They were the best in quality, design and durability. Of course the United States did not face much competition at the time since most of the world remained in shambles from World War II. Nevertheless, this period of tremendous economic growth enabled America to pay off its enormous wartime debt and amass a huge level of wealth.
America’s dominant manufacturing sector gave rise to job security and generous benefits because it produced goods demanded by the world. This led to large annual trade surpluses which added to the nation’s wealth. This made Americans strong consumers.
During America’s Golden Era consumers were not owned by banks. They did not rely on credit cards. In fact, credit cards were quite rare at the time. Americans typically bought only what they could pay for in cash. This was possible because the majority of jobs paid living wages. Other times they used layaway plans. These installment plans had no interest payments and kept consumers out of debt.
There was no need for financial trickery and credit bubbles during America’s Golden Era. America’s export trade was very strong and good jobs were plentiful. This was a time when the United States was also the world’s largest creditor and the world’s largest exporter of crude oil. It was a nation whereby production exceeded consumption.
During the Golden Era, Americans could actually afford medical care. There were no medical bankruptcies because the nation’s medical-industrial complex was in its infancy and had not yet formed strong partnerships up with Wall Street.
The societal elements during America’s Golden Era were also on more solid ground. The family unit was strong. Americans had a sense of who they were and where they came from. The United States permitted immigration but made sure to emphasize and preserve the cultural, racial and ethnic origins of the country.
By no means was America perfect during its Golden Era. There were racial, gender and economic inequalities. And the Banking Cartel was working with the corporate infrastructure to seize complete control over the nation. But overall, it was a great time to live in America.
There have been numerous radical changes in the United States since having reached the end of its Golden Era. By the late-1960s, several changes had already taken place that would determine much of the nation’s forward trajectory.
Today, multiculturalism, feminism, gay and lesbianism, affirmative action and political correctness have overwhelmed America. The result of this war on U.S. society has been socioeconomic decay, gender confusion and the breakdown of the family unit. The Jewish Mafia’s media-entertainment complex has been the primary weapon utilized in this socioeconomic war against America.
The masses have been coerced by various means to accept dangerous ideals which threaten the nation. For decades, the Jewish Mafia has been reengineering the nation’s institutional infrastructure in order to wage a political and economic war exclusively against Americans of White, Christian, European ancestry. Black pride, Mexican pride and Asian pride are emphasized and encouraged in the school system. In contrast, White Americans are discouraged from developing a sense of pride and self-worth. Under the rule of the Jewish Mafia, America’s educational establishment is now teaching students that race does not exist.
The truth is being stifled through a variety of mechanisms such as defamation, hate speech and public intimidation. Children are indoctrinated with various ideals from within the political correctness agenda, from pre-school through college. Thereafter, this brainwashing continues throughout their lives in both the public and private sector. These ideals and behaviors are being introduced and reinforced by the Jewish-run media-entertainment complex on a daily basis.
The United States has exhibited numerous hallmark signs of a nation in crisis for many years. But Washington refuses to acknowledge the crisis because Americans would eventually come to realize the source of the problems.
American females are having a more difficult time finding husbands because they have been told that they should focus on preparing for and establishing a career before forming a family. As a result, many females who spent their early years focusing on their career are finding it difficult to find a suitable partner for marriage.
Married couples no longer remain married in America. The previous legal hurdles required to obtain a divorce have been removed. And divorce has been made socially acceptable. As a result, the nation’s divorce rate is very troubling and embarrassing. Again, this has been the work of the Jewish Mafia through its support of feminism and the reengineering of gender roles. And they have used their control over the nation’s educational system and media to anchor destructive ideas into the minds of females young and old.
The spread of trash TV, hip-hop and rap “music” has glamourized immorality, filthy and disrespectful behaviors, pornography, low self-esteem and violence. As a result of this propaganda tsunami, teenage girls think it’s “cool” to be known as “whores” and “sluts.” They take nude pictures and post them online. They film themselves having sex and upload the videos onto the Internet.
These behaviors are being reinforced by the Jewish Mafia’s media-entertainment complex on a daily basis. Sadly, American parents are not demanding an end to this media filth and corruption of their children. Instead, they too are soaking up the same filth. As a result, America has relinquished its moral, ethnic and cultural foundations at the hands of the Jewish Mafia.
The level of violence and inhumanity in America continues to reach new heights. New born babies are left in garbage dumps, parents are murdering their infants, teens are killing teens, as well as their parents. Metal detectors are found in most inner city public schools serving as a daily reminder of America’s degeneracy.
The economic decay of the nation mirrors its societal decay. Today, the United States is the world’s largest debtor and the world’s largest importer of oil. It’s also the world’s largest exporter of jobs. Other countries stop at nothing to achieve domestic job growth. But in the United States, corporate profits dictate economic and trade policy. This is precisely what one would expect from a nation governed by corporate fascism.
As a result of the uncompromising quest for optimal corporate profits, job security is a relic from past generations. Today, corporate America continuously seeks out nations offering the best pool of slave labor acting under the auspices of so-called free trade.
Meanwhile, in the name of “capitalism,” buyout firms search for the next corporate takeover so they can gut employee pensions and slash wages in order to make huge profits selling off a “leaner, more efficiently-run” business. This is just one of many methods of extortion taught in American business schools.
Largely as the result of neoliberalism, the America of today is in stark contrast to what was once viewed as the envy of the world. Free trade, open markets and deregulation were marketed to the people as a means by which to achieve better jobs and higher living standards. This was yet another lie created to enhance the corporate state. In reality, the private sector has been enriched at the expense of workers and tax payers. In the past decade alone, millions of American jobs have been sent overseas in the name of corporate profits.
Today, much of what is made comes from Asia, from personal computers and furniture, to tennis shoes and building materials. While living standards in Southeast Asia and Latin America continue to rise each day, living standards of the working- and middle-class in the United States continue to fall. At the same time, the living standards of America’s wealthiest 5% continue to rise.
The costs of medical care in the United States are astronomical. And if you are unable to pay your bill, you could end up in jail. Even veterinarians now charge enormous fees for routine services.
With the nation’s healthcare system now under siege by Wall Street, one million Americans file for medical bankruptcy every year. Perhaps even more striking is that most of those who filed for medical bankruptcy had full health insurance. This fact alone demonstrates the inadequacy of America’s medical insurance system, which resembles an overpriced pre-paid medical plan. In contrast, illegal aliens are provided with free medical services funded by U.S. tax payers, many of which who cannot afford medical insurance.
The Wall Street business model has adversely impacted every aspect of medical care in the United States. America now has the most inefficient healthcare system in the world. It also leads the world in medical errors and fatalities due to negligence.
For more than three decades America has been a nation of excessive consumption that relies on credit. In order to maintain their living standards, most Americans have blindly accepted the gimmicks designed by the nation’s criminal banking system. With the assistance of the media-entertainment complex, Americans have been transformed into impulsive consumers. Many end up as hoarders of junk. And they struggle with a mountain of debt for much of their lives.
The dumbing down of the American public has taken place primarily to fuel the profits of corporate America. But it has also occurred as a way to keep the population controlled and distracted, so the criminal activities and exploitation at the hands of officials and their corporate partners continues unabated.
The nation’s most dominant corporations from every key sector have formed illegal partnerships with Washington. These corporate giants do the bidding for Washington cronies in exchange for tax breaks and industry subsidies so that wealthy shareholders are rewarded handsomely. This revolving door is filled with bribes, fraud and countless other criminal activities.
- Telecommunications: AT&T and Verizon (government spying);
- Oil Exploration & Production: Exxon-Mobil and Chevron (feeding business and war engines, environmental destruction and massive fraud);
- Oil Services: Schlumberger, Halliburton and Baker Hughes (military-industrial complex, environmental destruction and massive fraud);
- Information Technology: Microsoft and IBM (government spying);
- Digital Media: Apple, Google, Facebook and Yahoo (government spying and manipulation of the public);
- Traditional Media: Time-Warner, News Corp., Comcast and New York Times (manipulation of the public, social reengineering and massive fraud);
- Pharmaceuticals: Johnson & Johnson, Merck, Pfizer and Eli Lilly (mind control and massive fraud);
- Defense: Lockheed-Martin, Boeing and General Dynamics (military-industrial complex and massive fraud);
- Food & Beverages: McDonalds, Yum Brands, Coca-Cola, Pepsi, Monsanto (control and manipulation of the global food supply);
- Banking: JP Morgan, Wells Fargo, Bank of America, Goldman Sachs (control of commerce, money laundering and massive fraud);
Role of the Education System
America’s educational system has served an important role in brainwashing the population through media censorship and revisionist history. As it stands today, the nation’s K-12 educational system has reached the point of diminishing returns. Instead of preparing the youth for the New Economy, the educational system serves as their first point of indoctrination.
Children learn one way or another that they must do as they are told but never raise questions. If they question the official version of history, their parents are told their children have a mental or personality disorder, and they are sent to psychiatrists. If these children seem rebellious or are unwilling to accept the mandates of political correctness, they are medicated with amphetamines and other toxic “medications,” such as Lithium, Zyprexa or Prozac, which over time transforms them into virtual zombies.
The nation’s massive public education system also provides a source of jobs for administrators and other bureaucrats who keep the system in chaos. Many of these individuals are incompetent, and would have a difficult time finding a job in the private sector. I call these welfare jobs because they are funded by tax payers, and most are not needed. Finally, most of the recipients of these jobs are effectively unemployable outside of the public sector.
You don’t need a quality educational system when you can hire workers in China and India for 80% less than what you would pay to get the same work done in the United States. In fact, when you are running a fascist regime it is to your disadvantage to educate the population because a nation of educated citizens is more difficult to control.
The real purpose of the U.S. educational system is to keep the population dumbed down, deluded and docile. This makes it much easier for the masses to accept mandates set forth by the establishment, such as political correctness, affirmative action, feminism, homosexuality and other themes intended to weaken gender identity, individuality, the family unit and the entire society.
A dumbed down population can also be fooled into thinking they have a real democracy, individual freedoms and liberties. If they believe these illusions to be reality, they will never attempt to tear down their fascist government.
Even when the people feel their freedoms and liberties are being threatened, the establishment always has a hero that it sends to “rescue” the people so that they will continue to support the fascist political regime instead of tearing it down. Ron Paul serves as an excellent example of this controlled opposition scheme.
Preparing for Free Trade
Once America’s shadow government sensed the commencement of the nation’s decline, they ramped up plans to introduce neoliberal economics to the people. This philosophy was largely compatible with the economic pillar of globalization, so it gained widespread support from officials in the Zionist-controlled Western world. In the first stage, the concept of free trade was pitched to the American people with the promise of more jobs and higher living standards.
The early architects of free trade introduced several welfare programs in order to smooth out the transition. For instance, President Lyndon B. Johnson’s “Great Society” significantly expanded upon the nation’s welfare state with the launch of Medicare, Medicaid, expansion of Social Security, the food stamp program, formation of Freddie Mac and other housing subsidies, community action funds, educational and related funding such as Head Start, and several other programs.
Johnson’s Great Society was a contemporary version of President Franklin Delano Roosevelt’s New Deal. Each served as a Trojan horse to the American people. But the Great Society was more focused on selling the idea of expanding the nation’s welfare state as a perceived means to combat poverty and racial injustice.
By and large, the welfare programs introduced by Johnson would serve two main objectives. First, they would add enormous government subsidies to corporations, thereby strengthening the rise of fascism within America. Second, tens of millions of Americans who might otherwise stand up and revolt against fascist elements of the U.S. government would be pacified by these handouts. While FDR’s New Deal had the same objectives, Johnson’s welfare program was executed on a more grandiose scale.
Consequences of Free Trade
Shortly after America’s welfare state had been fortified, the corporate state was strengthened further. Free trade was marketed to American voters in the late 1980s under Reagan and pushed into law under Clinton. Although it promised better living standards, free trade has largely been responsible for the widening wealth and income gap between America’s wealthy and working class. The real winner of free trade has been corporate giants and their wealthy shareholders.
Free trade has been a complete economic disaster. It has cost Americans millions of good jobs. It has led to the disposition of a substantial amount of critically important U.S. assets and intellectual property. It has lowered the competitive stance of the U.S. economy. It has diminished the scientific research capabilities of the U.S. It has wasted enormous amounts of human capital. It has led to misappropriation of tax payer funds. It has lowered the quality of manufactured goods which increases the average lifetime cost of durable goods per consumer.
Finally and perhaps most important of all, free trade has stripped away the political and economic autonomy of the United States. But it has achieved its real objective; delivering excessive profits to shareholders.
Prior to the introduction of free trade, engineers and scientists were highly valued professionals. Today the U.S. economy is pushing these professionals out of their traditional roles as creators and innovators of new products and novel ideas. With few alternatives, many scientists have defected for lucrative careers on Wall Street. There, they help investment firms and hedge funds scalp assets from investors. This represents a tremendous loss of human productivity and adds to the criminality of the nation’s financial system.
America’s modern day mafia recruits Ph.Ds. in physics, chemistry, engineering and math. Instead of guns and bullets, they are armed with complex algorithms and computer programs specifically designed to extort money from stock, bond, foreign currency and commodity markets, robbing the retirement and wealth of millions of people. This massive fraud occurs on a daily basis, yet goes largely undetected. On the rare occasion when securities fraud is detected, a low-level scape goat most often takes the blame. Meanwhile, the real criminals get away and the entire criminal operation is permitted to continue.
America’s New Industries
Prior to free trade, the fruits of the nation’s productivity were being more evenly distributed to workers, executives and shareholders. As a result, the United States offered an ample supply of good, secure jobs with generous employee benefits. These jobs were funded by strong export trade, which also fueled domestic demand. Today, the vast majority of wealth gained from the nation’s productivity is funneled to corporate executives and shareholders.
Numerous changes in economic policy over the past several decades have done much to transform the nation into a two-class society. In exchange for its former manufacturing base, the United States is now home to an army of valets, who will park your car when you go to a restaurant, mall or hospital; fitness trainers who will help you lose weight or stay in shape; massage therapists who have added to the nation’s healthcare bubble; landscapers, who will tend to your lawn; personal chefs, nannies, maids and pet sitters/handlers.
These occupations don’t offer job security. And they certainly don’t provide employee benefits. But these are among the more legitimate careers in the United States. Many of these occupations are also found in third world nations. Such economies are focused on domestic labor for criminals, otherwise known as the “wealthy elite.” The vast majority of these individuals obtained their wealth through bribery, theft and extortion.
The “land of opportunity” is also home to a countless number of life coaches, money gurus, investment gurus, relationship gurus, real estate gurus, and dozens of other designations used by con men and women who target the large and growing population of desperate Americans.
I suppose the definition of “opportunity” depends on one’s frame of reference and moral compass, or lack thereof. Regardless, these charlatans could not achieve such a high level of penetration into millions of households without the assistance of the media-entertainment complex.
Finally, the labor dedicated to these occupations does nothing to generate foreign demand. With fewer exports and more imports, the United States continues to record large trade deficits. In reality, America’s trade deficit has become a permanent feature of the U.S. economy due to profound changes made to its economic infrastructure. Consequently, it is a well-known fact that prolonged trade deficits almost always reflect job exportation and/or the replacement of high quality jobs to jobs of lower quality.
Looking into the Future
As corporate America moves forward with record profits, the majority of Americans will continue to be left out of this economic feast. But things are only going to get worse. Now that U.S. consumers have been tapped out and will never again provide the purchasing power required to maintain robust earnings growth, corporate America is planning its next phase of economic treason.
With more than 1.3 billion consumers boasting the highest savings rate in the world, China represents the next gravy train for corporate America. Within the next decade, Chinese consumers will fuel corporate America’s earnings growth. We are already seeing this transition take place. Moving forward, corporate America will dedicate much more effort and money to target Chinese consumers. And this will by necessity lead to a greater exportation of U.S. jobs. These changes will adversely impact America’s already weakened economy.
As we review the events from the past few years, it is clear that Washington had numerous opportunities to respond to the challenges facing the nation. Instead of providing real solutions, America’s elected officials have once again failed on the most important issues; Wall Street reform, healthcare reform, trade policy and foreign policy. They have not even called for the heads of the Wall Street criminals who destroyed the global economy, perhaps because they themselves are just as guilty.
During this period of historic loss and human suffering, corporate America and the banks have managed to do quite well. Hopefully by now everyone understands that America’s “highly trusted” officials have been bought off by the banks and corporations. As a consequence, those who are waiting, hoping and praying for things to change will be sadly disappointed, again.
As I have discussed in the past, most Americans will be fooled into thinking that the economy has recovered once a new bubble has been created by the Jewish Banking Cartel. But this will represent just another gimmick. Although most Americans have been led to believe that the current economic downdraft is only a temporary phase of the economic cycle, I can guarantee there will be no real recovery so long as America’s fascist regime remains in power. This has obvious implications.
There is but one solution. The root cause of this cancer must extracted. This would be the Jewish Mafia. The objectives of the Jewish Mafia include both Zionist and non-Zionist elements. Their main goal is to extract all wealth from every nation and seize complete control of the entire world. Until Americans come to acknowledge the role of the Jewish Mafia in the subversion of their nation, they will remain enslaved indefinitely. The same applies to Canada, Australia and all of Europe.
As corporate America continues to focus more overseas, there will be little left for most Americans. In coming years, an increasingly higher percentage of the U.S. population will rely on welfare. They will never have the opportunity to contribute to society. They will become the biggest casualties of America’s crony capitalism and corporate fascism.
Millions of others will work as cashiers and burger flippers, while drawing government assistance to supplement their slave wages. Most of the remaining Americans will serve the wealthy as maids, valets, fitness trainers, pet sitters and nannies.
They are not likely to get much of a retirement plan or healthcare benefits. They will struggle to make ends meet. They will work until they are no longer able. If they are lucky, they will die flat broke. Others will die in debt, with nothing to leave to their heirs.
So long as America’s fascist regime remains in power, the best opportunity for upward mobility in the United States will come from white collar crime. Others will keep playing the lotto, heading to casinos, and gambling in the stock market as they desperately search for a way out of the misery created by free trade and the Jewish Mafia.
God help America.