- Why does the U.S. ruling elite en masse accept passively
the Rothschild kleptastrophe? The answer is simple. Our ruling elite are
no longer domestic factory owners, they no longer control productive capactiy
in the US. There are no domestic capitalists left in the USA. They have
exchanged ownership in real wealth for speculative international portfolios
at the mercy of the Money Power. They sold out to the Rothshild-Rockefeller-Zhou
credit monopoly and are fully invested in China ventures. They have tied
their fortunes to the destruction of the United States economy and people.
They go along because they have nowhere else to go, they have no feet of
their own to stand on.
- The domestic economy has been completely destroyed and
bankrupted and the headlines of every paper write about fear that "a
recession may be threatening" -- and no one comments on how useless,
fruitless and juiceless is the economists abstruse techinical definition
of "recession" (growth of GDP measures nothing of importance
to Americans, it is a useless statistic that conceals that is no measure
at all of what is happening to our standard of living, our lives, our ruin.
I am reminded of the apocraphal Seventh Day Adventist who when told about
9-11 being a false-flag frameup and the economic kleptastrophe being premeditated
conquest of the US by the Rothshilds, Rockefellers and other international
crime families summed up the situation giving what to him was its full
import: "It's worst than I feared; this means that a Sunday Law may
be around the corner." Thus, for some people, nothing can really be
bad unless a recession is officially declared or unless those blue laws
get passed. "Not a recession," is the pillow that is being forced
over your face to keep you from crying out as you are suffocated by Drs.
Bernanke abd Paulson.
- I see that the Fed is going to give trillions to bail
out corporations owned by their friends. I see that the Treasury is going
to give more to the banks. And this is termed "bailout."
- What a stupid and devious word. What is happening is
that the American people are being robbed of everything. We have been denied
purchasing power even as fuel prices and food prices have been deliberately
increased through monopoly power applied to effect this very sinister end.
The Fed has kept M1 money supply tight even as it has hidden M3 which measures
the money used by the elites in their international transactions. Thus
the people have experienced a bust (a depression) while those on the Elite
Loop have had plenty of purchasing power to buy up all of the foreclosed
properties and all of the the businesses going under in this artificially
- While the American people are getting the pillow pushed
down over their faces the Money Power is pumping pure oxygen to their own.
- But remember, we couldn't pay our morgages because the
Fed dried up all of our purchasing power at the same time that vast new
dollar deposits were created in the hands of foreigners to pay our our
debt finacing of consumption and war. Remember I said that the Fed needed
to reduce its reserve requirements to save everyones house and job? That
was the obvious cure. But even now the Fed has not lowered the discount
rate upon which commercial banks borrow money to keep up their required
reserves -- much less applied the big remedy of lowering the reserve ration
to give relief to local economies (to real households) unable to make ends
- So, what are they up to? What are they doing by keeping
purchasing power out of American hands while jacking up prices and foreclosing
and grabbing when the inevitable happens and morgages don't get paid and
small-business expenses don't get covered by consumer purchases? It's very
simple. They are not bailing out anyone.
- They are simply providing money to the bankers so they
can buy the distressed assets and so that they will get piped oxygen while
the rest of us are smothered under the pillow -- but none of their oxygen
will get to us. They are building a post-you world for themselves. No money
being provided by the American taxpayers is going to help the American
householder -- no credit extended to the banks is going to provide people
with new means of paying taxes, paying debt and keeping a family alive.
I see the dishonesty of every step the elites are taking. I see that only
the Rothschilds, the Rockefellers, the Li's and other international "red"
crime families -- their money, the Jewishness, their racism, their criminal
commitment (i.e., "we're in this thing too far, we've committed too
many crimes, to back out now"), their "internationalness"
respecting no people or nation other than themselves, their holdings and
Israel, their long war with self- supporting and self-respecting middle-classes
who don't need their usury or their profitable wars and kleptastrophes.
- And people accept the pillow held over their faces as
if it is simply God's natural stinginess with air. The news media and the
candidates and the statements by ivy whorehouse imposter economists --
all support the charade that this is simply impersonal market forces at
work and that your responsible public officals and bank regulators are
doing everything humanly possible to put things right -- but prepare for
major sacrifices and don't expect to have a retirement and don't expect
to maintain your standard of living
- -- but thank heaven that no one is talking about Sunday
laws or recession yet.
- If I sound flippant it is because I am -- with you. I
have written to you about this again and again for six years -- the two-
loop theory dates back to 2000 -- the banking problem back to the mid-
1990's. I have been writing to the class that is least capable of taking
action or of even reaching a conclusion about what is going on or whom
to trust. The kind of people who need to be given speeches about the economy
are the kind who know nothing about these questions, who never read articles
on lists like this.
- Only the autistic blog -- or so it seems.
- I wish I could talk to the real hurting people who have
been conditioned to believe that economics is something forbidden to them
and out of their reach. I would connect with them -- because I am one of
them. I am not one of you and never have been. The people I see suffering
all aroun me in my town -- except up the hill from me in the $4 million
dollar homes. I sometime think that you exist to keep people like me from
reaching the real people.
- All of you are built to go nowhere. Whether you are agents
sent to thwart all efforts to inform the public or whether you are just
steller examples of the success of dumb-down by the slave masters doesn't
really make any difference. You are going nowhere. Your failure is both
in education and in morals. You don't know what to believe and you lack
moral character to recognize who is honest and who is not. Don't mind me
-- I am just a man slowing going out of his mind as he watches helplessly
kleptastrophy happen because I cannot get people to believe what I have
by chance come to know about how the economy and organized above-the-law
- I have been drained of rational hope. I pointed to men
who were on the right track like Richard C. Cook -- but you continued to
follow the false-opposition (like Ross Perot, Nader and Ron Paul, the latter
of which has been video-taped several times giving the same Masonic hand
signs that Bush often gives. See for yourself: http://www.youtube.com/watch?v=_x6inINzThw
- Of course, Paul's gold standard is exactly the opposite
of what we really need. The Money Power always wants a gold standard AFTER
everyone else has been crushed by near infinite debt and have no money
themselves. People can't believe that folksy old guys telling you what
you want to hear while throwing in concepts above your head with bromides
like "sound money" -- as if once Ron Paul became president you
could all cash your paychecks for gold coin -- for cryin' out loud -- what
you borrowed as paper, you repay as gold, after the government borrows
the gold from the current gold horders at compound interest. (Greenspan
also favors a gold standard, and he was being investigated for selling
Federal Reserve gold to investment banking pals for under market price
-- when the destruction of the WTC North Tower on 9-11 ended the investigation
by killing all the investigators and destroying their records --
- this is what Ron Paul is really part of if those Masonic
signs mean anything at all.
- Fighting will break out - but you will not support it.
I don't blame you for being dumbed-down and fooled. Who would believe that
"conspiracy theory whackos" really had it right, especially the
"anti-Semitic" ones -- when all of the validators of society
(radio, TV, politicians, academics, people in responsible positions) all
find the conspiracy theories too crazy and too hateful to merit mention.
It would take a lot of effort for any of you to evaluate the 9-11 evidence
or the economic argments made by people like me -- and with so many disinformers
and honest-but- wrong people offering involved and confusing theories --
why should you ever pick my ideas to invest your time in investigating.
You wouldn't and haven't. Jim Fetzer and Webfairy get equal footing with
honest investigators on 9-11 and Ron Paul and Bob Barr are considered saviors
of the economy and social creditors must be "the enemy" for calling
their 'solutions' into question.
- So, this is all I write this week -- and I am hoping
that next week I will have the sense not to bother checking my "Dick
Eastman" inbox. I have a better chance of winning the million dollar
slot machine jackpot at the local casino than I do getting you to understand
anything. It is killing me to see what is happening to this country and
the people I care about and the many more people I don't know who are just
as worthy of caring for as those I know personally. My God...the poverty
and misery and tragedy I see around me in Yakima thanks to the Rothschilds
and Rockefellers and all of the elite who have sold their souls (and their
American factories) to get a piece of their usury.
- So, I ask you -- what are you going to do with the article
by Richard C. Cook that follows below?
- You are going to go on pretending that everything is
normal -- hiding your panic and desperation behind a mask of business as
usual even though you know this is the end and no one is going to do anything
to prevent it.
- Dick Eastman
- Yakima, Washington
- Richard C. Cook
- How to Save the U.S. Economy
- by Richard C. Cook
- The crashing stock market has given its verdict. The
financial rescue plan currently being implemented by the U.S. Treasury
Department and the Federal Reserve System will fail to revitalize the producing
economy, even with continued interest rate cuts. This is because the banking
system is essentially a supply-side, trickle- down mechanism with a currency
based on a pyramid of bank lending and debt. All the current plans being
suggested by economists and others to save the financial system by varying
degrees of tinkering are useless. Similarly useless is the pumping in of
credit or liquidity by Treasury or the Federal Reserve because it is no
more than new debt to roll over old debt.
- The cause of the financial failure is that the producing
and consumer economy is "maxed out" and is unable to repay existing
loans much less new ones. This is because purchasing power in the U.S.
- Purchasing power has collapsed not only because we have
outsourced our industry abroad and allowed our infrastructure to crumble,
but also because of structural defects identified decades ago by C.H. Douglas
and John Maynard Keynes. These defects occur due to the need for retained
earnings (i.e. savings) to overcome the Law of Diminishing Returns. This
leads to insufficient aggregate demand; i.e., the gap between prices and
purchasing power that is endemic in an industrial economy.
- The problem is not the collapse of the stock market which
simply reflects the deflation of the bubble economy. The problem is the
oncoming recession/depression caused by the absence of an economic engine
to generate new producing power.
- Keynesian plans for top-down creation of jobs by government
deficit spending has never worked and has always ended in an attempt by
the government to inflate its way out of debt. Everything being suggested
by the Obama/McCain campaigns is based on the failed Keynesian formula.
- An entirely new paradigm is needed. This can be provided
through dividend-based economics like the Alaska Permanent Fund, the 2008
tax rebate stimulus, and the basic income guarantee (negative income tax)
discussed during the 1960s and 1970s.
- Following is the "Cook Plan":
- Non-taxable vouchers should be issued at the rate of
$1,000 per month per adult and $500 per month per child which may be used
for food, housing, fuel, communications media, utilities, and educational
services provided at outlets within the U.S. Distribution of vouchers may
be delegated to state and local governments.
- Vouchers will be deposited by service providers and vendors
only in a new network of local chartered savings banks-one for each county
in the U.S. Deposits will be made to the bank in the county of the local
- Banks will lend locally at zero-percent interest using
voucher deposits as capitalization. The banks may create loans at a 1:10
reserve ratio with borrowers paying administrative fees only. Borrowers
must provide a 20% down payment as collateral or purchase default insurance
at 2% of the loan principal.
- Lending will be made only to business entities, including
family or commercial farms, operating from an established location within
- This system will create a grassroots "bottom-up"
economic infrastructure to parallel the "top-down" Federal Reserve
System which is collapsing. Transfers between local savings banks and the
banks of the Federal Reserve System will be denominated in U.S. dollars
with vouchers redeemed within the banking system.
- The system could be implemented within a matter of weeks
through seed-money provided by the federal government. It could be replicated
by any other nation.
- It is requested that readers give this plan the widest
- Copyright 2008 by Richard C. Cook
- Richard C. Cook is a former U.S. federal government analyst,
whose career included service with the U.S. Civil Service Commission, the
Food and Drug Administration, the Carter White House, NASA, and the U.S.
Treasury Department. His book on monetary reform, entitled We Hold These
Truths: The Hope of Monetary Reform, will soon be published. His website
iswww.richardccook.com. Comments or requests to be added to his mailing
list may be sent to EconomicSanity@gmail.com. His speeches on YouTube can
be viewed here: http://www.youtube.com/user/GracchusJones.