Tuesday, March 26, 2019

Legal counterfeiting.

Congresswoman Alexandria Ocasio-Cortez has dismissed concerns regarding the almost 100 trillion dollars ten-year cost of implementing the Green New Deal by suggesting that Congress simply make the Federal Reserve pay for it by creating new money. Rep. Ocasio-Cortez’s claim is rooted in Modern Monetary Theory. This theory states that, when government controls the currency, it need not worry about running up large debt for welfare and war; it can have the central bank print more money to pay for more government.[1]
Howeverrrrr . . . try this in your basement, 'chachos, and you’ll be charged as a hideous criminal hacking away at the vital organs or national economic life.

Tell me again. Who owns the Federal Reserve? And their other “optimum” 2% inflation target benefits Americans how? By robbing us of half of our savings every 35 years? Since the Fed was established in 1913 the dollar has lost over 96% of its value. An investment outfit that had that kind of a record would have died by 1916 at the latest but the Fed is a major going concern on whose pronouncements all hang with rapt attention.

Factor in the $32,000,000 per hour we spend on war and the gutless surrender to foreigners at our national border and you have what passes for wise stewardship on the part of the national political establishment – counterfeiting, theft, staggering incompetence, and betrayal. And will life be worth living if we don’t man up and kick some more ass in Venezuela?

PS – The cartoon with the source article is genius not only for it’s basic point but for the accuracy of Gary Varvel’s rendering of the Psycho Seven of Socialism.

[1] "As Vote Looms, Ron Paul Ravages 'The Green Bad Deal.'" By Tyler Durden, ZeroHedge, 3/26/19 (emphasis removed).


ÆtherCzar said...

Sen. Mike Lee's take down of the Green New Deal starts with Reagan shooting a machine gun from the back of a velociraptor and gets better from there.

Link to video...

Col. B. Bunny said...

Thanks. Lee was a gift from Utah. This latest twit, not so much.