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George Soros, Barak Obama And Fiscal Responsibility
Just Print More Money?
Sometimes what to write about these days presents a challenge since so much lunacy seems to reign supreme. Today was like a smorgasbord as I read through the under the radar headlines and decided to write about someone I consider pure evil personified. That would be George Soros who has been in the news quite a bit lately. He just contributed 10 million dollars in the effort to silence Joe Arapaio and the results of an extensive investigation conducted concerning the birth of Barak Obama. That would be what is termed "The Cold Case Posse." The sheriff is about to release more of his findings so stay tuned even though our Congress is frozen in fear and chooses to ignore the obvious. That is an entirely different subject but Soros' actions indicate that Arapaio is close to the truth, if not absolutely accurate, about the fraud that has been committed by Obama.
The next thing that caught my eye was that on April 16th, in Denmark, Soros opened up a real can of worms but I do understand how the man thinks. He is the same George Soros who broke the Bank of England and wrecked havoc on the economy of Hungary. His roots lie in Hungary. Soros is also one of the world's renowned progressives and is believed to be the puppetmaster behind Obama. I am beginning to believe that to be true by researching his ties to the President, his beliefs about monetary systems and economics and Obama's propensity to want to just print and spend more money that we don't have. That last part is the heart of this article. For some fascinating reading just Google "Soros Obama."
Soros is heavily financially involved in Media Matters which has also been in the news of late as the propaganda machine for the Obama White House and the Main (Lame) Stream Media. You know the news agencies who never report, just spin the truth into something it is not. So lets go back to April 16th in Denmark and see what Soros said and do a bit of analysis and then see if Obama's actions don't mirror Soros' thoughts. Most of us know better but the Progressives do have their agenda which centers on the control of the people. In this case that would be "We, the People..."
People need to pay attention to what is occurring in Europe because we have one foot in the grave of financial disaster and one on the banana peel. So here was Soros speaking at an event hosted by Denmark's finance minister and this is exactly what he uttered:
"A sovereign that can print money can't default, will never default."
Now I'd have to say that Soros knows better but he is still intent of exercising his progressive agenda. History itself points to the preposterous nature of such a statement. But Soros wants to make history, not examine it. His history isn't the most savory to view though he does seem to have a bit more of one than Barak Obama does. Have you noticed how Obama immediately undertook the wildest spending spree this nation has ever witnessed in our history when he took office? Plug all of this in to what Soros said in Denmark then think about it.
Just Print More! No Problem?
Soros was denigrating Europe's austerity measures that day because he believes the following which he also said that day:
“You can grow out of excessive debt, you cannot shrink out of excessive debts.”
Many of us in this nation who run fiscally responsible households know the fallacy of that statement. How does one grow out of it when you keep creating more debt in an attempt to pay off the existing debt? The reality of our situation, and Europe's for that matter, is that the very reason we are looking at an ever burgeoning national debt is because our federal governments spent more, printed more ( read: borrowed) and don't want to break their cycle of spending. Now in Europe's case they have to reign in that spending.
This whole meeting gave Soros a platform to take a shot at those who advocate "balanced budgets," either here or abroad. He attributes slow economic growth to the policies that Europe is now having to put in place. He seems to think that it is counterproductive. Or maybe his agenda is a bit more hidden. He's the one who publicly proclaimed that he "wants to take the United States down a notch." Now go back and reflect on the actions of Obama since he has assumed an office he isn't experienced enough to occupy.
So When Our Dollar Equals This What Is Being Printed?
An examination of Standard & Poors data also refutes Soros' statement about sovereigns. Their date shows that between 1975 and 2002 there were 84 defaults of sovereign states. So those states which possess the ability to have a fiat currency (one you can just print) aren't exempt from going belly up into default, despite what Soros thinks. He's been known to bankrupt nations, not save them from economic disaster. Keep in mind Soros has made his fortune hedging his bets.
Interesting that what Soros' prescription for curing Europe's ills centers around monetizing the debt of those countries. Monetizing involves a country buying its own debt and we have been doing that under the radar for a while now. That may be the primary reason that there is so much resistance to auditing the Federal Reserve. No one seems to really want to know the mess that has been created by the very existence of that body of thieves. So again reflect on Obama's policy of trying the spend our way out of the hole they themselves have created for us. Similar to looking in George Soros' economic mirror, don't you think?
Back to history and Soros ignoring it. I've heard people say it before, "It will never happen again" but it very well could with Soros and his minions at the helm. Monetizing results in inflation - hyper inflation - and Germany itself is allergic to the concept. The Wiemar, back when, went through it and they were also a sovereign. That gave rise to the creation of the Nazi's and World War II. World War II resulted in the death of 50 million (+) people. Fascism is about controlling the people or do you fail to recognize that?
What Soros had to say about inflation that day makes no sense either. Here you go:
“Maybe the currency will lose its value — or some part of its value, but they can always print the money that’s necessary to repay their debts.”
That is exactly the tactic that the Weimar Republic embraced prior to the stuff hitting the fan in Europe. Soros seems to be advocating more of the same. Inflation in our nation is being camouflaged by not including fuel, food and some iof the necessities of life in the Consumer Price Index. Most of us have been to the gas station and grocery store recently. We're letting our federal bureaucracy pull a gigantic smoke and mirrors routine on us.
So what is preferable? The devastation of currencies, ours among them, or the necessary actions that will cause nation's not to default or instituting sound fiscal policy. Those seem to be the options. Now I'm sure Soros would rather face inflation, hyper if necessary, over default or sound fiscal policy. Why do I think that? George Soros has made his billions trading currencies. That is what he does to earn his living and wreck havoc on whole economies.
So now connect the dots.
Governments do not expand the private sector and the job market. That is always left up to the private sector itself. Or maybe I should say - it should be. Printing more money has never been the answer for that. No one has ever spent their way out of debt. To do that will eventually result in default and bankruptcy.
Remember In November!
The Frog Prince