11) Deceptive Indoctrination of Economic Definitions
· Redefine important terms and concepts for a debt-based economy
· Apparent full cooperation from the press & media, mute opposition
· Exploits ignorance and illiteracy among the public
· Conscious attempt to abuse “framing” -- psychological technique
· Redefined (framed) terms legitimize the Debt-based Economy
o-- Legal tender, now money
o-- Credit access, now wealth
o-- Monetary inflation, now Fed liquidity
o-- Deflation, now poor pricing power
o-- Foreign dependence, now recycled trade gap
o-- Indebted currency, now dollar reserve
o-- Rising unemployment, now increased productivity
o-- General market risk, now volatility
o-- Stock investment, now channeled savings
o-- Mortgage investment, now hard real estate asset
o-- Accounting fraud, now financial engineering
o-- Derivatives, now off-loaded risk
o-- Cutting interest income, now reducing interest expense
o-- REFI consumption bubble, now managing home equity
o-- Herbert Hoover, now Sir Alan Greenspan
· Result: The public has little fear of rising indebtedness |
