Fiscal Cliff Austerity: Just Another Meme Designed to Steal What is Yours

“Gold is money, and nothing else.” ~J.P. Morgan

by Ron Holland, The Daily Bell:

Since a politician never believes what he says, he is quite surprised to be taken at his word.” – Charles De Gaulle

In my home country, the United States, we are watching the German and EU austerity demands destroy economies, social structures and entire nations all to protect the leading banking elites and their profits. In 2013 the false meme of austerity is also coming to the United States. Leading GOP politicians are now announcing plans to break their No Tax pledges just as we warned they would. After all, the word and honor of all but a very few senators and house members means nothing once election season ends.

Of course, common sense tells us that all governments need to spend and borrow less but they never will. After all, the long running recession/depression of the West means less tax revenue to governments because the taxable income of individual citizens is down dramatically.

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