The whole truth: The value of the dollar would also plummet on the world market, and the price of US imports including commodities would rise sharply and cause the standard of living in the US to drop.
14) Half Truth: As time goes by, demographics suggest things will get worse before they get better, even after the recession ends, as more baby boomers retire and begin collecting Social Security and Medicare benefits.
The Whole Truth: This assumes no radical banking or monetary system reform, no big cuts in military spending, etc. In other words, this is an attempt to focus on the difficulty funding Social Security and Medicare as THE problem, instead of a symptom.
And: Rightfully so.
16) True: If things can't be turned around, including establishing a more efficient health care system, "We are on an utterly unsustainable fiscal course," said the White House budget director, Peter Orszag.
However: The information surrounding this statement is not meant to stimulate public thinking. The purpose is to guide it toward predetermined conclusions that will concentrate political and economic power in even fewer hands than today.
For instance, as health care plans struggle or stall, watch calls increase for: austerity measures, tax increases, investing more power in the Fed, and centralization of regulatory power over stock, commodity, and money markets.
17) True: Some budget-restraint activists claim even the debt understates the nation's true liabilities.
And: That is meant to frighten you into accepting whatever the financial industry proposes.
Information for the article was supplied by the Peterson Foundation. Who is Peter Peterson?
Peter Peterson was Chairman of the Council on Foreign Relations until retiring on June 30, 2007, after being named chairman emeritus. He is the Senior Chairman of the private equity firm, the Blackstone Group. In 2008, Peterson was ranked 149th on the "Forbes 400 Richest Americans" with a net worth of $2.8 Billion.
Willam F. Jasper had this to say about the Council on Foreign Relations.
Jasper: "The CFR is an avowedly anti-Constitutional, elitist organization, in favor of a global government. As far back as 1928, in its first Survey of American Foreign Relations, the CFR openly attacked the U.S. Constitution's intricate checks and balances as incompatible with "responsible government." The CFR study charged that our Constitution's most venerated features are actually defects:
CFR: The jealous control of the purse by Congress is a check which would inevitably curb an ambitious president.... The comparative equality of power of the two houses, rendering each a check upon the other, the "states' rights" sentiment which prevents a gradual subordination of the Senate, and the position of the Supreme Court as final interpreter of the constitutional separation of powers - all these militate against the development of responsible government.
Jaspar: Hence it was not surprising that in the 1980s top leaders of the CFR headed up a front group, the Committee on the Constitutional System, to remove those checks and balances. Their principal playbook, Reforming American Government, infamously admitted their subversive designs. It declared: "If we are to 'turn the founders upside down' - to put together what they put asunder - we must directly confront the constitutional structure they erected."
Turning the American founders upside down is precisely what the CFR-led globalists are attempting to do in their current drives for "global governance.""
If you really want to understand how the current financial crisis is being exploited by the money-power, you need to review history. Then, just stand back, examine the pattern of recent events in the last year and a half, and listen to what the financial industry is saying it wants now. It is not that hard. Just do it.
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