Why Following Bill Clinton Will Be Obama's Road To Failure (too)

SAVE AS FAVORITE

VIEW FAVORITES

By mike montagne (about the author) Page 1 of 2 page(s)

opednews.com Permalink

For OpEdNews: mike montagne - Writer

We have just witnessed a critical election in which none of the candidates proved they could solve critical monetary faults. We remain subject to an imposed monetary system which has only (already) engendered world wide monetary failure; and the inevitable cause of that failure and the next remain a form of currency which on the first hand requires us to maintain a vital circulation, and on the other requires us to do so by perpetually re-borrowing principal and interest as subsequent sums of debt, perpetually increased so much as periodic interest.

Because this process multiplies debt in proportion to the vital circulation, and because ever more of the vital circulation is inherently dedicated to servicing debt, versus sustaining the industry which is compelled to do so, the ultimate consequence of that process is catastrophic failure under terminal sums of debt.

Thomas Jefferson did not solve these issues, but he put the problem like this:

If the American people ever allow banks to issue their currency, first by inflation and then by deflation [by having to maintain a vital circulation by perpetually re-borrowing principal and interest as subsequent sums of debt, increased perpetually so much as periodic interest], the banks and [bank owned] corporations which will grow up around them will deprive the people of all property, until their children wake homeless on the continent their fathers conquered.

Thus, along the road to dispossession by artificial multiplication of debt into terminal debt, the sum of debt increases at an inherently escalating rate of ever greater sums of periodic interest on an ever greater sum of debt. And yet despite the ramifications of this imposed process; and despite the fact the Democrats established the so called Federal Reserve immediately on the heels of a 1912 party platform which explicitly promised not to create a central bank; essentially nonetheless, Barack Obama's only considered course follows the model of Bill Clinton; and he is only hiring advocates and principal players of the very system which is the cause of the impending monetary failure. All the pieces falling into place therefore, are to preserve the ever more destructive system which has been imposed upon us.

The Clintons of course claim to have presided over what they tell us is the greatest industrial expansion of modern history.

But this claim is a lie. Starving for ways to replenish the circulatory deflation imposed by the debt which had been accumulated to Clinton's terms in office, and with the public already rendered unable to afford sustaining a circulation itself, the false boom of Mr. Clinton's claimed industrial expansion merely served as a temporary stop-gap to replenish the circulation.

How quickly we have forgotten that purported boom was a bust before it got out the gate. Company after company after company spent 90 percent of its revenue on celebrations and expensive cars for "key" executives. Not only are almost all of those companies gone, even by the time Mr. Clinton left office, few of them had made a penny of profit.

During the subsequent Bush regime, the circulation has been replenished by monumental borrowing, not just for war, but even for the oil you so much depend on.

All this while debt has been multiplying at escalating rates toward inevitable failure, with no "representative" of the people advocating solution; and so, it will be against the further multiplication of the resultant, far greater sum of debt (already collapsing us), that Mr. Obama hopes to succeed.

The president-elect hopes to create millions of jobs. How are we going to sustain those jobs which we already cannot afford to sustain, saddled with all the further debt which will be incurred?

Even if we could sustain them for some while, further, perpetual, escalating multiplication of debt would soon swallow up any ostensible benefit.

He hopes to create those jobs by expediting technology we already have, to become energy independent. But the only real reason we cannot implement that technology is we are saddled with so much debt already.

So if our new President follows in Mr. Clinton's footsteps, Mr. Obama can only succeed if we can afford that technology we already have, at considerable delay, and at the further cost to the public that short-sighted course condemns us to.

So how do we get there from here?

1 | 2

Take action -- click here to contact your local newspaper or congress people:
Ask Obama to adopt mathematically perfected economy

Click here to see the most recent messages sent to congressional reps and local newspapers

mike montagne is founder of PEOPLE For Mathematically Perfected Economy (perfecteconomy.com) and original author/engineer of mathematically perfected economy (1979), the singular integral solution for 1) inflation and deflation, 2) systemic (more...)

The views expressed in this article are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.

Contact Author

Contact Editor

View Authors' Articles

Book Recommendations for "Banks Bill"

First Spring on the Grand Banks (The Bains Series by Bill Freeman)
by Bill Freeman

$12.95

Number of pages: 215
Publisher: Lorimer

Deliverance from Fat
by Bill Banks

$7.95
Lowest New Price $3.81
Number of pages: 128
Publisher: Impact Christian Books, Inc.

Alive Again!: Bill Banks, Terminal Cancer - 48 Hours to Live
by Bill Banks

$6.95
Lowest New Price $3.60
Number of pages: 160
Publisher: Impact Christian Books, Inc.