The Three Biggest Lies The Government Is Telling You...

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The Three Biggest Lies The Government Is Telling You...

Post by Admin on Sun Feb 05, 2012 9:36 am

So many are its lies, that narrowing them down to three of the most important is a demanding task. But our current crisis has been chiefly enabled by monetary policy, fiscal policy, and the global military empire.


Lie #1: The Federal Reserve Is a Bank

Practically everything the government says about banking is a lie. Central banks are not banks. The Federal Reserve, the central bank of the United States, is not a bank.



A bank is a company in the free economy that competes with other banks offering willing customers a safe place to make deposits and earn an interest rate return, while also competing to offer loans from those deposits to willing borrowers.

Central banks are government-created bureaucracies that do nothing of the sort.

The Federal Reserve is typical of central banks. It is not a free market institution in which people willingly make deposits. Instead, it wields monopoly power over actual banks. In place of managing deposits and loans of its own, it creates money out of nothing by a variety of means including debt monetization, in which it buys government debt by simply creating a credit in the account of a commercial bank with nothing more than a booking entry. This is an act made possible only by the state’s grant of a legal monopoly empowering the central bank to do what, if done by a private bank, would be a crime called counterfeiting.

Central banks thus have the ability to unilaterally boom and bust their economies at will. And they have done so throughout their history, either to the benefit of the commercial bank cartels, in response to political pressure, or because of outright economic ineptitude.

Lie #2: War Lies

Governments and politicians lie incessantly about war. They lie about the cause of war. They lie about the threat of war. They lie about the cost of war. And they lie about their lies about war.

Lying is so intrinsic to the nature of government, that even the truth about old lies is concealed to protect new lies. In 2001, a National Security Agency study found that officials had actually doctored documents in covering up the truth about the Tonkin Gulf incident, the bogus war pretext that led to the needless deaths of millions of human beings. But the new report of that old cover-up was itself delayed for years for fear that it’s release would cast doubt on the intelligence that the Bush administrations was using to justify an invasion of Iraq.

In the case of the Iraq war, not only did defense Secretary Donald Rumsfeld lie about knowing where the non-existent weapons of mass destruction were in Iraq (“We know where they are. They're in the area around Tikrit and Baghdad and east, west, south and north somewhat."), in a later exchange with my friend former CIA senior analyst Ray McGovern, Rumsfeld even denied he had made such a claim.

"Simply stated," Dick Cheney said of the mythical WMDs in August of 2002, "there is no doubt that Saddam Hussein now has weapons of mass destruction." "We know for a fact," said White House Press Secretary Ari Fleischer in January of 2003, "that there are weapons there." "We know that Saddam Hussein is determined to keep his weapons of mass destruction," said Colin Powell in February of 2003, "is determined to make more."


Lie #3: The Real USSA Debt

This may be the most brazen and transparent lie of all, the one about the USSA national debt, now over $15 trillion dollars. It is a number that hides the severity of our situation.

Washington acts as though that is the real debt of the nation. Politicians posture for weeks at a time about it, devoting long debates to raising the ceiling on this visible portion of the national debt.

And yet the real federal debt is much, much larger and like an iceberg below the water line, most of it is hidden out of sight. And like the Titanic, Republicans and Democrats have the country headed for a tragic collision with economic reality.

Each year the federal government makes new promises and takes on trillions in new financial obligations that do not show up in the visible, official national debt. The persistent growth of these hidden debts each year far outpaces the increases in the visible debt. In 2010 for example, the visible federal debt grew by an astonishing $1.5 trillion. But the hidden debt – out of sight and without debate – grew by more than $5 trillion!


Medicare and Social Security both have promised benefits that outrace revenue streams. They are the largest components of the government’s unfunded liabilities, the hidden debt of the nation. But there are other federal retirement programs with not merely inadequate funding like Medicare and Social Security, but with no revenue streams of their own at all. Among them are retirement programs for military and federal workers.

In September 2011, USA Today analyzed dozens of overlapping programs for retired federal workers. It reported that despite the existing debt crisis, Congress continues to add to the promised benefits, so that retirement programs now have a $5.7 trillion unfunded liability.

The total unfunded liabilities of the USSA government have been calculated with a number of present value and discount models. Results of the shortfall from these methods range from about $70 trillion to $120 trillion dollars. For a family of four this represents a liability between $900,000 and $1.5 million. (You can follow the debt as it adds up at www.USdebtclock.org.)

What does the state say about its unfunded liabilities? Here’s a response from the Congressional Budget Office, which answers, “… no government obligation can be truly considered ‘unfunded’ because of the USSA government's sovereign power to tax--which is the ultimate resource to meet its obligations.”

That is utter hooey. It conjures up an absurdity in which the government could meet its obligation by sending you a Social Security check, even as it raises a tax to take 100 percent of everything you get from Social Security. The reason that is an absurdity is that it is a two-step process to do what the government will do in just one step. By means either overt (legislative act) or covert (currency destruction), it will unilaterally reduce its “obligation,” leaving millions of people betrayed.

Because it is the government. And it lies about its obligations.

Just like it lies about everything else.

Source/More/Full Version Here - Freedom's Phoenix.
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