It's Still the Economy, Stupid
by Late Nite LeRoy
July 23, 2000
Be honest. Do you know anyone personally who has prospered in the last 10 years of this so called booming economy? I don't.
Perhaps I live in a corner of the world that is unique to everyone else, but looking at my own finances and the financial position of virtually all my friends, I don't see any prosperity. And I define prosperity as true ownership (biblically: possession) of the items they need to use on a day to day basis. Even friends with homes or nice cars have payments due to the bankers which still leaves them vulnerable to loss even if only one payment is still due. Even on the simple cash flow subject, I see numerous unemployed and underemployed everywhere, most of whom fell off the government unemployment charts long ago. Just take a driving trip across the US. Do you see everyone living in a Beaver Cleaver house? Hardly. American Indians and other naive people are being told gambling is the economic answer to all their problems. Middle class jobs have vaporized and gone overseas. Even high tech engineering and programing jobs here in the US are being diluted with immigrant labor because the schools in this country fail miserably in explaining math and physics to their students in a fashion they can understand. My own high school physics teacher (30 years ago) was more concerned about proving how smart he was, than to show concern about whether or not I understood what he was lecturing about. Yes I flunked the course and never went on to engineering, even though aptitude tests said I should have been good at it.
I last bought a new car in 1975 when I was both young and still living with my parents. But once on my own, landlords, gas station attendants, grocers and state mandatory car insurance took everything I could earn that was left over after the government extracted the "first pound of flesh nearest the heart." Saving really is impossible to anyone not making a take home pay sufficient to cover the necessities of life.
A nice new car in 1975 ran about $6000. The same now costs nearly $30,000. I have seen homes that sold for $30,000 in 1975 now demanding $300,000. This means we have experienced between 500 and 1000% inflation over the last 25 years. This is not what the government is telling us. They conveniently remove any factor that would show a sharp increase and startle the stock market. This so called "booming economy" has only been available to elitists who make low interest credit available to a chosen few, while the rest of us get taken to the cleaners with every monthly payment. Blacks have complained about real estate "red lining" by bankers for some time. But the discrimination goes way beyond that. When Robert Rubin (look at the bottom right corner of a $1 dollar bill) found 19 billion dollars to loan to Mexico, where did he get it? Do you think his former position as a registered principal with Goldman Sachs who is part owner of the federal reserve had anything to do with a subsequent increase in the money supply? Of course it did. Government can tell the federal reserve to print more money any time it needs it. The rest of us must sweat out how to tighten an already tight belt even further. And in the Robert Rubin scenario I just mentioned, the money all went to pay off his former clients who bought worthless Mexican government bonds from him when he was at Goldman Sachs. Amazing how the SEC neglects to look into this matter. I would be rooming with Ivan Boesky if I had done the same.
The true definition of inflation is simply an increase in money supply beyond what goods the economy produces. Thanks to high pressure stock brokers, reinforced with lies from a CO-conspiring government, most of the obvious inflation over the last 10 years has been diverted directly into the stock market. Nobody cared because it was fueled with "retirement" money that nobody needed yet. With the high tech glamour boys loosing their luster, savings and investment money is now shifting between the only 2 "investments" most Americans know about: stock versus real estate. I'm now seeing a sharp increase in Southern California real estate, but this can only continue until somebody realizes average incomes don't justify the high cost for a place to live.
The last year I was a stock broker, 1996, I got my hands on an economic forecasting chart that unlike the baloney you hear on "Wall Street Week" or any other "RIM" news outlet, this chart had 100% accuracy. It showed several downward economic factors converging in the US somewhere between 2005 and 2010. The real estate boom that most affected me was from 1975 to 1980 when it crashed and didn't recover for another 7 or 8 years. Once again it looks like history is repeating itself. But what doubly makes this a tragedy is not only the ignorance we all use to join the lemmings jumping off the cliff, but the fact that our economic "shepherds" are leading us on with intentional economic double talk.
The most intelligent commentator I've heard on these matters has to be Larry Bates. He was a banker himself for many years when he uncovered what was really happening and now tells all on his syndicated radio show daily. He can be heard at http://www.inforadionet.com/unwo.asp
Larry is most certainly a Christian and sees this mass delusion as being only another indicator of the end times that we all live in. I wish other Christian leaders had the discernment Larry shows in his assessments. My list of theologians that I respect on most matters, but who fall flat on their face when it comes to analyzing economics, is pretty long. But as long as seminaries teach students that this criminal tax structure forced on us by Woodrow Wilson and Franklin Roosevelt is ordained of God and just another "tax" scripture commands us to pay, we will continue to see the church disseminating a mixture of government lies along with the truth they derive from scripture. Christ did warn of the end times delusion being almost enough to deceive the elect. He did say "almost." I just wonder how soon they will wake up and realize they have been drawn into a demonic economy which uses "tax deductible donations" as a distraction to keep us from realizing who really is gaining the actual prosperity. It sure ain't the honest worker at the bottom.
--LateNiteLeroy
leroy@commutefaster.com
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