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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: TideGlider who wrote (94461)	11/4/2010 8:13:55 AM
From: lorne	1 Recommendation Read Replies (1) \| Respond to of 224759

Debt-Induced Inflation Crashing the Dollar "Lame Duckocracy" Arrives! Warning: Financial Fallout Ahead! By Joseph Farah, Founder, WorldNetDaily.com Nov 3, 2010 secure.swissamerica.com A defeated Democratic Congress (aka "Lame Duckocracy") could use its remaining weeks of post-election power to lock into law more of President Barack Obama's agenda for a "fundamental transformation" of America. "This Lame Duckocracy will be controlled by the same unpopular Democratic majority that refused to pass a federal budget or take a recorded vote on whether to renew President Bush's expiring tax cuts - thereby concealing their real policies from voters," according to an important new book. In Crashing the Dollar: How to Survive a Global Currency Collapse, Craig R. Smith, WND columnist and Chairman of Swiss America Trading Corporation, writes: "With the election behind them, according to The Hill, Democratic leaders as of late September 2010 were already planning to take up at least 20 pieces of legislation in this Lame Duck session, some of which have remained secret in advance of the election." "This could also produce heaven-only-knows what other laws - a huge tax on carbon? Gun control or confiscation? Political control over all agriculture, including backyard gardens? Censorship of the Internet? Amnesty and a quick path to citizenship and voting for illegal aliens, perhaps in time for President Obama's 2012 reelection?" "These liberal Democratic policies are pushing the U.S. towards inflation, or even hyper-inflation, that could destroy the U.S. Dollar. President Obama's bizarre response to America's ongoing economic crisis appears to be madness - unless a hidden motive or agenda lurks behind it." "America's economy has been skyjacked!" What's happened... and what to do! America's debt, deficit and unfunded liabilities exceed $120 trillion, writes Smith, and are now impossible to pay off with either tax increases or spending cuts. Politicians of both parties, he writes, will simply print as many dollars as they need to "monetize" this debt, paying it off with greatly devalued dollars. But, much as happened in 1922-23 in Germany's Weimar Republic after World War I, write Smith and co-author Lowell Ponte, a Contributing Editor at Newsmax Magazine, the printing of tens of trillions of dollars to pay America's debts will destroy the value of personal savings, pensions, fixed mortgages and other fixed-dollar assets. In Weimar, says Smith, printing more than One Sextillion (a one followed by 21 zeroes) Marks destroyed the economy with hyperinflation; crashed the currency, making it worthless; wrecked Middle Class social values of thrift, prudence, honesty and hard work; and paved Adolf Hitler's highway to power. Crashing the Dollar suggests that today's economic crises might reflect more than Obama Administration incompetence. "Let's be brave enough to tell the truth here," says Crashing the Dollar in a passionate conservative polemic that compares today's economy to 9-11. "It appears that they aim to crash the economy and the dollar, thus bringing down the global capitalist system. "They aim to bring about a 'fundamental transformation' of the world in ways that will destroy everything America's Founders made, every individual freedom our Declaration of Independence and Constitution enshrined, every opportunity your children were supposed to have in a free society...." "We need to reverse the flight plan programming for a Weimar-style crash that power-addicted politicians have tried to lock into America's autopilot," writes Smith. "We need to start returning America to the moral and sound-money course set two centuries ago by our country's Founders," says Smith. "Let's roll."