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Feb 12 2009
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Letter to the Editor
By MWC News   

Translation

The Great Economic Recovery Deception
By Mark E. Henry

We, the American people are supposed to be in debt. That's how the system works, right? If you're listening closely, that's what they're saying. Politicians are sprinting wide eyed and panting to banks with billions and possibly trillions of "Taxpayer" dollars, OUR dollars.

Why? Because if they give the banks our money, we will be benefited. Huh?  Forgive me but I don't remember a time in history when any bank was looking out for my benefit. Hasn't it always been a trade off, sort of like; After being carefully scrutinized, I go into debt and pay interest on money that they loan me while they invest and prosper from money I loan them by opening a bank account? Yeah that's it; they've never given a darn about me. So what would make anyone imagine that now, in the toughest economy since the great depression, banks can be given enough money to benefit me? Won't that benefit will be the gift of allowing me to go deeper in debt to them?

The real estate industry helped pull the plug on the economy by giving us toxic loans, Wall street is enriching execs with bailout money, banks are buying businesses and enriching execs with bailout money, so what's really going on? Well, the truth is that it is our money, taxpayer money being thrown around like confetti and it's being thrown to everyone but us.

That's because the politicians either believe or think that we believe the money will pass responsibly through benevolent hands until all of our lives and finances are repaired. NOT EVEN CLOSE!!!  How about this; the tossed money is intended to hold billion dollar businesses over until we resume borrowing our way to the American dream which is of course; a few pretty things and a lot of debt. "But the repairing of our deteriorated roads and bridges will create millions of jobs!!!!"  For construction workers and highway engineers, what about the rest of us? Is the fog lifting yet?

Now let's flip the coin; let's imagine for a moment that our money is handed to us. I know it's crazy but just for a moment from somewhere deep in bizarro world, lets just imagine that the taxpayers; we whose money they hold, money deducted from our checks, was actually handed to us in the form of economic stimulus checks in amounts that matter, say somewhere between ohhhh seventy five and one hundred thousand dollars each. On the day the checks were distributed, what would happen?

Well, spending in the country would resume, savings would resume, home buying would resume, the businesses we frequent would again prosper, demand for goods would return and all would be well, right? Well not for everyone. Now that we've learn frugality, some businesses would either have to make changes or be left out but that's the way the cookie crumbles right?

Looking at both sides of the economic recovery issue, which strategy will directly impact the American people and start the economy rolling again, not in three years or two years or one year but immediately? The answer is so simple; it's our money, stop throwing it at the crooks that landed us in this pickle in the first place. They'll only scam more as they're proving on a daily basis. It was never the mission of industry to benefit us. The goal has always been to profit right? To create products that we choose to trade our money for; pretty things that make us smile, pretty things that we're willing to go into debt for.

It comes down to the old chicken or the egg thing; does strong industry prop up the people and thereby the economy or when the people prosper, do they prop up industry by demanding products and services? That is where the entire existing bail out paradigm is falling flat on its economic face.

There is an attempt to go any direction other than to give our money to us, anything but bail out the American people. Send the money around the people and after a few tougher years than those we've already experienced, the crumbs will trickle into the hands of the people in the form of debt. That's the pill being shoved down your throat. It's truly amazing that we the people have been abused for so long that now everyone including most of us, agree that it's the norm.

We as Americans, protest over everything from unfair jury decisions to laws we don't agree with, people we want thrown out of office, you name it, we yell. So why aren't you yelling. Isn't now the time to put our voices together and say, "Stop handing our money to every crook in town, if you want to give it away, give it to us." 

He whose name we do not speak gave us $1200 each, something small and forgotten but in truth it was something enormous and historically significant. The government actually handed us some of our money so that we would spend it. Well that works! Now let's try it again only this time with more than a crumb. Let's do it with gusto.

We'll go spend it, pay off debt, put money down on houses, start businesses and jump start the economy from day one, we promise! We'll even spend so much in our newfound confidence that we'll go back into debt and help the banks get back on track; some of us in just a few months and some of us immediately but the economic damage that took eight years to perfect will be repaired in one week.

The country will be in celebration and we will all be able to sleep just as soundly as the bank execs that bought businesses and gave each other billions of bonuses with our money so far. Are your eyes open yet? If so, get together and scream about it. Let's shift this paradigm, it's what we do. 

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Comments (22)
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1. 13-02-2009 01:07
not a refund just a loan
the $1200.00 was not a refund or a gift it was just a deferment in taxes that you will pay. 
That money is going back to the IRS over the next few years with interest, they just loaned you your own money, no gift, no change in the cosmos, just another way to screw you over down line. 
You thought it was fruit, but in fact it was just another rock to hang on you and everyone else, trust me, it will be a cold day in hell that you get anything more than BS from any government.
Guest
daymyron@cogeco.caNOSPAM! ">connecting dots
2. 13-02-2009 03:08
not a refund just a loan
Everyone should go to work today 
and complete a tax exempt w-2 form,if we all did what could they do? nothing.We could give back to ourself and our family with a stroke of a pen.
Guest
3. 13-02-2009 03:09
not a refund just a loan
This is so obvious, why can only so few see it. Or is it that the people in power know it too but won't do it because their loyalty is to the banks and not the people ? 
 
No one dare speak of the dreaded Nazis, but this is exactly what the Germans did in the early 1930's, gave the people their own money, within 2 years they had no unemployment and no public debt.
Guest
4. 13-02-2009 04:08
Where's the money going to come from?
OK Mark, I like the idea of $100K free cash from Uncle Sugar as much as you. Here's the rub: Where's Unkie going to get the money to hand out? Unkie will go to his printing press and print it, that's where. Now, when he prints all that monopoly money, he devalues the cash you have on hand. As that tidal wave of cash hits the street, you have huge amounts of cash chasing a dwindling supply of goods (except houses, we have plenty). 
 
As the wave of cash chases goods, the price of the commodities rises - sharply - as people compete to hand over their $100K check for a basket of groceries. Unless the cash goes to targeted spending for capital items or durable goods, the puff of cash will look good for a few weeks then it will eat us like cancer as we find ourselves still in the same BushBoat, lots of case, all of it worthless. Hyperinflation coupled with a decline in inventories is deadly toxic.  
 
Talk to anyone in their 80's that remembers the last depression. Read the history of how Hoover & Roosevelt reacted with legislative jabs. 
 
Look at the "lunatocracy" that's taken over DC. Observe how Obama is steadily wilting on his campaign promises - no lobbyists in his house, etc., and be afraid. Be very afraid. Fear is a natural protective mechanism that will indeed keep you alive in many occasions. Fear is healthy, panic is not.
Guest
rchurch1983@gmail.comNOSPAM! ">Robert Church
5. 13-02-2009 04:16
Where's the money going to come from?
Great article,Like 911 it's all a sham. 
America now ,is so bankrupted and it's people are so shell shocked 
most can not see past their fingertips. 
the land of the free home of the brave is a sham. 
they have looted you for 40 years 
they have taken it all away 
the fat cats and war mongers have beaten the people into the ground. 
and the response from the people has been mute. 
Most Americans have been so brainwashed into believing that they are number 1 that they can't see reality or are not willing to accept the fact that they have been looted gutted and raped by their own politicians. 
I guess it is kind of like the scandal of the atom bombs on japan most think that Japan got the brunt of it.But in fact close to 1200 nukes were exploded on American soil and this has contaminated America beyond belief.But no one ever talks about it . 
No one talks because America is suppose to be number 1 not number 39 in everything
Guest
6. 13-02-2009 04:43
The REAL SOLUTION
Why don\'t we follow the rule book for a change? 
“At the end of (every) seven years you shall grant a release. This is the form of the release: Every creditor who has lent his brother shall cancel the loan he has made. He shall not press 
his brother for payment, for a release has been proclaimed in 
Honor of Yahweh: Yahweh’s Release…” (Deuteronomy 15:1-2)
Guest
yaaqob613@gmail.comNOSPAM! ">max schmeling
7. 13-02-2009 04:47
The REAL SOLUTION
Both the author and the individual commenters make good points. Granted (as per the comments) that the money does not just appear with no side effects. Yes, it is a loan, inasmuch as it places our nation in deeper debt and must be paid back. On the other hand, it places us in deeper debt just the same if the money goes first to banks and bureaucrats. If the money were given to individual citizens at least we would have the benefit of perhaps paying off our mortgage or debt, instead of the bankers getting the money to lend back to us. But either way, we taxpayers will be stuck with the debt. 
 
If there were in fact a desire on the part of our politicians to cure the problem -- rather than to continue sucking the blood from our country -- they would do this: 
1)Drastically cut back our military spending to save almost a trillion dollars a year. 
2) Dissolve the Fed. 
3) Return to some commodity based (and thus stable) monetary system. 
4) Repudiate the current national debt 
5) Institute an electoral system that has a verifiable vote count 
 
Of course NONE of that is going to happen, for rather obvious reasons. What WILL happen, is that we citizens will either become serfs -- or there will be blood in the streets. The sad fact is that it is too late to fix the system by working within the system.
Guest
jason_calley@yahoo.comNOSPAM! ">Jason Calley
8. 13-02-2009 05:25
It's about time
Finally someone with an ounce of sense. How long will it take for the rest of America to wake up and see this. That is correct, give the money to the people who can pay off their own debt, which in turn will go back to the banks which will open the credit lines, it doesn't take a rocket scientist to see this. Thank you for the best article I have ever seen on the reality of this country.
Guest
9. 13-02-2009 06:08
We can't afford to bail them out anyway
BoA owns $32 Trillion in bad derivates alone. Look, if you wan't my advice, we should raise the minimum wage, close the US-Mexico border, and place import duties on manufactured goods from countries that pay their workers slave wages. Globalism is a race to the bottom, and I have to compete on a fair and level playing field with slaves? I think not!
Guest
Mike
10. 13-02-2009 07:35
Protect yourself while you still can.
The article, for the most part, is accurate and comments are excellent as well. Regardless, you may have 6-9 months to get yourself protected. With all these bailouts and then throw in fractional reserve lending, you have MASSIVE amount of money being added to the supply. This is why the gov removed the money supply statistics a few years ago. We are set for massive hyper-inflation and the perfect hedge against inflation is gold/silver. You must get it while it is still attainable and semi-affordable. Come one, why do you see these Cash4Gold places popping up everywhere. They know, they're just trying to get as much as they can before the final dollar demise. 
Canned food would not be a bad investment either. I know for a fact, canned food I bought 2 years ago for a $1 is now $1.30
Guest
11. 13-02-2009 07:38
Crazy author
This author understands little about economics. He's a knowlegable as that Obamabot black woman who said, "Obama will put gas in my tank and pay my credit card." She was referring to an unearned hand out. 
 
Whilst handouts to banks are equally abhorrent, does not the author realize that giving money to the people of a nation that foolishly exported is jobs on creates jobs in China etc if they shop, shop, shop. 
 
Because the USA has been sold out by it's own globalist politicians who are directed by the evil New World Order CFR, America can't even say, by American. That's if it actually manufactured anything.
Guest
12. 13-02-2009 08:06
Crazy author
....don\'t \"give us our money back\"(redistribution)- just let us keep what is ours!  
But of course, that will never happen, as our foreign-born, unconstitutional president is planning on raising taxes already; the country has so much debt it can never be repaid; and H.R. 25 (bill to eliminate IRS) will impose a 23% tax on every transaction that we make, and is the blueprint for the ultimate police state that will make the IRS look like child\'s play.... 
And yet they keep on trying to prop up the inherently dysfunctional economy with the redistribution of wealth (many people who pay no taxes received a stimulus check in the last round); government jobs(more debt), never-ending debt and fiat currency and fractional reserve banking. 
There can be no soundness till these things end!  
It was not the \"housing bubble collapse\" that caused the problem- that was just a symptom. The government is the problem!
Guest
donquicksote@live.comNOSPAM! ">Richiemagoo
13. 13-02-2009 08:21
Social Credit?
I've always tended toward Austrian/free enterprise economic ideas, but it's becoming more evident to me that most people won't accept these ideas. Now I'm thinking that the time for a social credit type of system may be drawing near. The basic idea is that money is to be injected into the economy by the government paying citizens dividends rather than by banks creating money from debt. One might want to find a copy of the book _Social Credit_ by C. H. Douglas; it was written before 1920, but it still makes a lot of sense.
Guest
14. 13-02-2009 08:54
you might want to see this too
go to this link, it demonstrates another time we had the wolf pulled over our eyes>http://www.blinkx.com/video/will-you-believe-them-again/6I3gOV9O6Y4g-XvVfOFQNA
Guest
abstractduk@hotmail.comNOSPAM! ">abstractduk
15. 13-02-2009 10:36
you think you have problems
Having taken the trouble to read the article above this is not unique to america, here in Enland it is exactly the same .I would say even worse,hard to beleive but it is true
Guest
16. 13-02-2009 11:06
too late
too late rich, the fed has already doubled the money supply, setting the stage for galloping inflation of the kind germany saw in the 1930s. Why do you think the fed stopped publishing the m3 money supply data a few years ago? this financial crisis has been engineered since the time of alan crooked greenspan. the lending regs were loosened, interest rates dropped, home values soared and subliminal advertising to "boom" the consumerism economy went wild. Add hedge funds in the mix selling all kinds of cook the books financial instruments that no one gets, and we have a credit crisis when we all wake up from the deep sleep the matrix has put us in.
Guest
17. 13-02-2009 11:53
Emergency Back-To-Work Plan
Let's start with the math: 2 million workers paid $50,000 for one year would cost $100 billion, but that's on paper. In actuality, $100 billion could possibly put up to 3-4 million workers back to work because $50,000 would be the most the government would have to subsidize. I will focus only on labor here and not the other problems affecting our economy, so this is just for illustration. Here it is: In order to put people back to work, attract jobs back to the states and create new jobs, [1] the government must immediately create an emergency 1-3 million US worker labor pool accessible to domestic businesses, and international companies willing to move their production back to the US, a labor pool that is more affordable than any pool of labor anywhere else [2] the government should subsidize the salaries and wages of this emergency labor pool and other US workers to the point that those wages are lower than the wages of those workers who US workers compete with internationally, and [3] companies and small businesses can rehire many of the laidoff workers at wages much lower than they can get elsewhere. This should be a 2-6 year plan only, which would include several years for a gradual termination of the government program. Its purpose is to buy time for private business, the government and the public to change much of its unsustainable behavior, figure out how best to eliminate much of the bad assets from our economy, and return to a more sustainable economy. Now back to the math: if $100 billion can get millions back to work for one year then $400 billion can keep 3-4 million people working for 3-4 years. We would only get one shot at this. We would have to figure out quickly how to keep the manufacturers we attract, keep the jobs, keep the production, keep people in their homes, keep our retirees secure, keep our schools functional, and keep our citizenry healthy. The total wage that the government would subsidize would not be at the market level it was when the worker was laidoff, it may be slightly lower. Many people just want to get back to work to get through this economic shock. During this emergency back-to-work period, workers would get help with bad mortgages, credit cards and loans. Also, during this time, the government must oversee a return to real competitiveness in all markets. Any other plan has a resolution and payoff too far off in the future. Any other plan will not begin turning this Titanic until too late to avoid hitting the iceberg.[http://www.humanevents.com/article.php?id=30616&page=1&viewID=754419]
Guest
takebackradio@hotmail.comNOSPAM! ">Mad Scientist
18. 13-02-2009 14:04
I miss something
for 250 mio people, $800 bio is barely $3'000 per person or $15'000 for a family of 5. 
Methink you don't get a lot of mileage out of that, and struggling businesses across the nation don't even get a dime. So our bright politicos have decided that the best thing to do is to give it to the surviving bankers and friends so that at least for some "worthy " people the feast may jump-start again. 
Maybe I miss something...
Guest
19. 13-02-2009 16:27
I miss something
Abolish the Federal Reserve. 
 
It\'s also too bad that the majority of people didn\'t vote for someone like Ron Paul instead of candidates mixed up with the CFR and if anybody noticed, BOTH McCain and Obama couldn\'t wait to vote to pass that Bailout Fraud. And like Bush, Obama and others are also using fear to push these Massive Bailouts.
Guest
20. 13-02-2009 20:48
Welfare for the Rich
Its simple, its just welfare for the rich.
Guest
doulos4iesou@netzero.comNOSPAM! ">StatusQuoJoe
21. 13-02-2009 22:48
What is to recover?
The bubble? The overpriced houses/realities?  
 
This can't work it will extend the pain.
Guest
holocaustgaza@gmail.comNOSPAM! ">Holocaust Gaza
22. 14-02-2009 00:44
What is to recover?
1. a maximum wage of 10 times the pay of the lowest paid employee at the same company... no reason the top guys should get more in a year than the low paid worker can make in a lifetime 
 
2. recall all troops from iraq, afganastan, ect. and re-deploy to all the tax haven countries simultaneously so the money can\'t escape to another tax haven, and force them to give us back our money that was stolen from us and deposited there, or else it is an act of war and we blast them. 
 
3. return to 90% tax bracket for super rich. 
 
4. make lobbyists illegal.
Guest
12345@aol.comNOSPAM! ">more solutions...

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