Another Republican Comes Clean

Former Fed Governor, Larry Lindsey, who also served Reagan and both Bush’s, provided a candid interview over the weekend. The two questions I have are: where are all the Democrats with a conscience, and why does Mr. Lindsey think the govt won’t confiscate gold again?

Besides Lindsey, other Republicans have fallen on their sword, including David Stockman and Paul Craig Roberts, exposing the elusion of freedom and how the brick wall is being built at the back of the theater. I would like to know what Democrats have come clean.

“The illusion of freedom will continue as long as it’s profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater.” – Frank Zappa

Those that think Bernie is squeaky clean, may have missed that the head of his Super PAC was busted for fraud. Of course, the news is not that another political hack was doing whatever it took to get his guy elected. The news is Bernie said he was the only candidate without a Super PAC. Since this is meaningless in the scheme of things, let’s instead look how Bernie speaks truth to power.

Bernie’s attacks on Wall Street is typical of what the establishment always does – point the finger at the private sector, instead of looking in the mirror; and collect fines instead of sending their sugar daddy to jail. Bernie rightfully highlights the fact that Wall Street has not been prosecuted for even one of the numerous frauds that produced the financial crisis. However, does Bernie know who is responsible for prosecuting the banksters? That would be Erik placeHolder, who protected the govt at every Fast & Furious turn. His replacement, Loretta Lynch, has continued to lead by example, proudly boasting about using the civil asset forfeiture scam as a NY Prosecutor to raise money for govt. Since govt is broke and raising taxes may be difficult in a declining economy, Obama must believe that her shake down skills might come in handy. The most powerful attorney in the land is once again demonstrating that the rule of law has collapsed, which explains why so many in power operate with impunity.

Bernie must also not realize who finances the govt’s debt, that he has no plan to address. The big Wall Street banks (JP Morgan, Goldman Sacks, Citigroup, Wells Fargo, Bank of America) are the ones that go around the world selling US govt debt instruments. If Congress threw their bankers in jail, who would sell their debt? Why doesn’t it dawn on these self-interested bureaucrats to simply eliminate deficit spending so the banksters could not wield their leverage? Oh ya, they need the campaign donations. This is but one of the reasons banksters never get prosecuted, and get away with forcing austerity on countries like Greece and Portugal in order to pay back interest on their debt. The world’s career politicians could bring an end to all of this economic-killing abuse, if their careers were not at stake. Solutions start with short term-limits.

Regarding gold, Lindsey briefly eluded to the fact that Nixon had to stop foreigners from exchanging their declining dollars for gold, and what may have been the quid pro quo of giving foreign govt’s access to US mineral rights, which has been facilitated by the EPA, that came into existence shortly afterward. I have not investigated this claim, but it does shed more light on coincidental business deals, like Uranium One, exposed in “Clinton Cash”, and has resulted in Russia owning at least a quarter of US uranium sources, and China owning 95% of Rare Earth Metals, which are essential to all modern electronics and military weaponry.

For those that want the truth about gold and why they should buy it and when, I recommend this informative piece – https://www.armstrongeconomics.com/writings/2012-2/the-truth-about-gold-why-you-should-buy-it/.

For those unfamiliar with the circumstance behind Nixon taking us completely off the gold standard and removing the $35 peg imposed by Roosevelt, I refer you to the following article – https://www.armstrongeconomics.com/panic-1971/.

A generally interesting and educational piece on capital flow analysis is here – https://www.armstrongeconomics.com/uncategorized/opinion-v-capital-flow-analysis/

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