Inflation vs. Deflation

In my previous article, I examined the unprecedented amount of money President Obama, Bush, and Congress have stolen from our children, the withering American middle class, and the burgeoning new class of American destitute over the last 12 months:

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One could be forgiven for reasoning that the greatest daylight robbery in human history might be inflationary, but there are three primary reasons that these deeply evil and criminally foolish acts are overwhelmingly deflationary, in order of precedence:

1.) What little initial bang comes from taking out trillions in new high interest credit cards, to make the minimum payments on congress's existing mountain of debt, can never outpace the quantity of existing bank leverage that is imploding. The same bankers who rake in virtually limitless profits by financing the new debt, have lost our collective bank deposits to high stakes compulsive gambling. As their wild speculation swings to a total loss, not only do they lose everything we've deposited in banks, but also the leverage they've applied. True, our government promises our first born to reimburse the loss of basic deposits via the FDIC, but the 40 to 1 leverage these broke bumbling bankers bet still brings down the currency house.

2.) Congress long ago abdicated their constitutional duty to coin American money. According to the unconstitutional Federal Reserve Act, congress must now finance new spending at a whopping 230% service charge over the life of the loan. The approx. $13T service charge on the $10T in "Old Deal" debt is collected by uber-wealthy, mostly non-citizen international financiers, at the direct expense of American children. Given that a private central bank corporation currently owns our president, congress, and our judiciary, any government "spending" quickly morphs into a long term drain on the money supply; another wealth sucking black hole.

3.) As President Obama and congress struggle to export our remaining American wealth before a taxpayer revolt can take shape, the amount of commercial credit available is intentionally rifled. This is by design, as it exponentially increases the value of future interest installments paid by our children. In other words, companies and individuals can't borrow more to expand the currency supply, because the U.S. government has already borrowed and spent on their behalf beyond any logical credit limit, as well as exhausted the future earning power of our children and our grandchildren. Banks cannot lend to exhausted creditworthiness, our government has removed that option, making any inflationary currency expansion an impossibility. This sharply increases the value of each dollar our children have been obligated to pay back to non-citizen bankers.

Never has so much been paid by so many to so few.