The Name is Bond - Part IX
"New" taxes on the public are out of the question. So, the revenue stream has to come from somewhere seemingly "out of our control" where plausible deniability exists.
The most critically dependent input in the supply chain has to be massively inflated from $9 per barrel to $70. This way everyone in the game is going to play and the public is going to pay, one way or another.
This results in the raising of all inputs and outputs, which compounds the lowering of interest rates and printing up of more funny money. Resulting in the existing money supply getting debased further, while asset and commoditity prices escalate further.
The deficit spending Federal government and the 70% of local governments (state, county and city) that were almost bankrupt will benefit from increased asset and goods prices through various sales and property tax revenues.
At the same time, the publics inflation expectations must be somehow managed. What do you do?
1. Tell a really big lie enough times.
Strip out food, energy and asset inflation from your inflation equations, and hide the decimation of local economies through globalized outsourcing to labor at the margin by claiming a productivity miracle.
2. Terms are everything and make em think they are fat and happy.
Easy money, easy terms, easy credit. If you can fog a mirror, you qualify for the loan. Be sure to print up a "happy daze" story about "the ownership society" and how people are getting richer by the minute.
The reality is the banks and multinationals own everything and the publics feeling of being richer is illusory due to cheap foreign imports, rising real costs and currency debauchery. Sound vaguely familiar?? A final attempt to answer the question in Part X.
The most critically dependent input in the supply chain has to be massively inflated from $9 per barrel to $70. This way everyone in the game is going to play and the public is going to pay, one way or another.
This results in the raising of all inputs and outputs, which compounds the lowering of interest rates and printing up of more funny money. Resulting in the existing money supply getting debased further, while asset and commoditity prices escalate further.
The deficit spending Federal government and the 70% of local governments (state, county and city) that were almost bankrupt will benefit from increased asset and goods prices through various sales and property tax revenues.
At the same time, the publics inflation expectations must be somehow managed. What do you do?
1. Tell a really big lie enough times.
Strip out food, energy and asset inflation from your inflation equations, and hide the decimation of local economies through globalized outsourcing to labor at the margin by claiming a productivity miracle.
2. Terms are everything and make em think they are fat and happy.
Easy money, easy terms, easy credit. If you can fog a mirror, you qualify for the loan. Be sure to print up a "happy daze" story about "the ownership society" and how people are getting richer by the minute.
The reality is the banks and multinationals own everything and the publics feeling of being richer is illusory due to cheap foreign imports, rising real costs and currency debauchery. Sound vaguely familiar?? A final attempt to answer the question in Part X.
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