Why Benny The B is a terrorist
Terrorist being defined as someone who wants to take away your freedoms......and in America, he who has the money has the Freedom.....and he who doesn't, is essentially a slave.
In our system....every dollar in existence is the product of a loan. Loans are what creates money, otherwise known as "printing." The only reason we have a lot more money today and everything is a lot more expensive than it was 30 years ago because total debt in America has skyrocketed from $5 Trillion in 1980 to about $55 trillion today.
As a result, there is a lot more money floating around.
The problem comes in with the interest....each loan carries an interest obligation attached to it....some loans have a higher rate than others....but each carries a liability that INCREASES everyday that didn't exist that day before.
THIS IS KEY......because, each day more money is owed than the prior day....and unless more loans are made to cover the new liabilities....it is impossible to pay back the debt.
BENNY THE B KNOWS THIS....and he knows exactly how much debt exists....exactly how much in new loans must be extended to service existing debt and interest.....and exactly the consequences of such loans are not made......
In such an environment...only those getting the credit, or benficiaries of those getting the credit, can service the debt...everyone else fails either because they run out of money or their customers run out of money.
Alan G made sure that enough NEW loans were being extended every year to keep the current system solvent and growing.....BUT Benny the B is cutting off the private sector and primarily giving money to Wall Street and Washington....while much of the rest of the nation suffers.
This policy is what the Institute of Alstrynomics calls Zombulation......the process of only extending credit, or economic freedom to a few, and cutting off the rest of the society. And since most of the society DOES NOT work for Wall Street or Washington....most of the society will mathematically fail because revenues will not meet expense obligations.
Unless we continue to expand credit at the same rate that we have been expanding it for the past 30 years.....it will be impossible to service the debt due to the accumulating interest expenses.....otherwise we must restructure the EXISTING debt.
AND RIGHT NOW...BENNY THE B KNOWS THAT CREDIT TO THE PRIVATE SECTOR IS NOT EXPANDING FAST ENOUGH.....and the only thing QE is doing is taking debt off the banks balance sheet and putting it on the Feds.......but doing nothing about easing the debtors ability to service that obligation which is mathematically impossible to service unless the society is being lent more money....and its not.
In essence...Benny the B is granting Freedom to the banks by bailing them out but taking away the freedoms of the American citizens, cities, counties, states, police, fire departments, schools, hospitals, and private businesses by not giving them sufficient credit like he is to Washington and Wall Street.
Where the criminal nature/intent comes in is the arbitrary nature of the dispensing of credit....and no where is this more evident than the treatment of Wall Street homebuilders vs. Private homebuilders. Although equally leveraged, and it could be argued that the Wall Street homebuilders were more leveraged....Wall Street Bankers gave the public homebuilders essentially unlimited credit yet cut off the private homebuilders.....
In essence, we took away the private property rights of the private homebuilders but extend rights to the public ones and their shareholders without any legal, moral grounds or due process to do so.....
THIS HAS NEVER HAPPENED BEFORE IN AMERICAN HISTORY ON SUCH A LARGE SCALE....where so much of the private sector is being cut off of credit yet Washington and Wall Street essentially get unlimited credit......so private America is dying and Washington and Wall Street is thriving.....
Tomorrow you may learn that the elderly are being cut off of credit too....as we may not give Social Security recipients an increased payment for TWO YEARS IN A ROW.....despite the fact that nearly everything they spend money on has skyrocketed of that period. Government has a contractual obligation to key social security to the the rise in the cost of living....and now government is seeming about void that obligation to our helpless elderly....
....yet remember, there is always an unlimited amount of credit available at all times....it is simply a digital book entry into a bank's balance sheet......and right now, Benny the B simply wants to give it to Washington and Wall Street......and take away the freedoms for most of the American people.
Is this really that hard to see?