01 Jul Robert Steele and the Unthinking of American Intelligence (and Why Money Matters)
My Editor-at-Large brought this to my attention and I would like to cover two issues. He is dead-on with his assessment of the intelligence debacle we have from soup to nuts under the auspices of all the intelligence dynasties competing for monies at the trough.
There are several notions Steele advanced that made me pause and say BS but overall a sound synopsis of why intelligence is broken in the US and around the world in our alleged fealties. I still don’t understand his admonition about Lincoln and Kennedy printing money and dying for it. I wanted to briefly discuss why this is a major concern and something my readers have to get their head around.
The four reserve banks in America’s history were engineered from the beginning to finance a warfare/welfare state on the basis of interest payment service with no fiscal intention of paying on the balance – ever. This is the grand strategic modus operandi of the Constitution and why despite the protestations of the usual suspects and the Tea Party movement, we cannot go back to our roots because WE NEVER LEFT THEM. This bankrupt self-destructive system in place today is the continuing design artifact of the original authors tuned over time. The year 1835 is the ONLY year in American history we have not had a national debt and you know how Andrew Jackson is treated by the court historians.
“I sincerely believe… that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.”
–Thomas Jefferson to John Taylor, 1816. ME 15:23
The state must make war on external enemies or enemies within at the Federal level because that is the basis of all fiat currencies. The British Empire sustained itself through the imposition of a credit-worthiness which could only service the interest payments and NEVER the principle balance, it is a fiscal impossibility to service the debt and pay down principle without the imposition of a crippling tax burden which would destroy the system for the government tax farmers because their once compliant taxpayers would revolt or refuse to pay. It is no coincidence that Washington was marching on tax protesters a mere four year after the adoption of the Constitution. I repeat, the Constitution is an ingenious device designed to service an unlimited state and provide the means for a fiscal-military state to sustain itself over time. It is impossible to pay down the current acknowledged debt and not destroy the vestiges of the productive economy at the same time. The only avenue left for our rulers is to continue to print money with no value or baseline whatsoever and hope that the adequate job of government education has made most Americans too dull and insipid to notice. They are banking on your intellectual ineptitude.
Greece paid Goldman Sachs 300 million to help it hide its debt from the EU. That is why I use the term “acknowledged” because frankly, we have no accurate idea neither how much debt we have nor what the magnitude of money expansion has done to the valuations of these instruments such as Treasury Bonds. We have yet to register the Alt-A resets and the implosion of the commercial real estate market which is artificially floated on a perverse tax system and depreciations which serve government accounting methodologies but would bankrupt companies competing in a truly free market.
We even see Jefferson starting to predate Lysander Spooner’s keen observations by decades. To wit:
“Ought not then the right of each successive generation to be guaranteed against the dissipations and corruptions of those preceding, by a fundamental provision in our Constitution? And if that has not been made, does it exist the less, there being between generation and generation as between nation and nation no other law than that of nature? And is it the less dishonest to do what is wrong because not expressly prohibited by written law? Let us hope our moral principles are not yet in that stage of degeneracy, and that in instituting the system of finance to be hereafter pursued we shall adopt the only safe, the only lawful and honest one, of borrowing on such short terms of reimbursement of interest and principal as will fall within the accomplishment of our own lives.”
–Thomas Jefferson to John Wayles Eppes, 1813. ME 13:360
More on Steele: https://www.echochamberproject.com/informationpeacekeeping