There are two bull markets going on right now. They are in U.S. government looting. They are Congressional looting and Federal Reserve (FED) looting. They are bull markets for the government, banks, and select beneficiaries. They are bear markets for the Americans being looted, which is most of us.
These bull markets in looting are at all-time highs. Never before has the amount of looting reached such astronomical heights, either in absolute terms or relative to other measures like population or product.
The looters are promoting their looting with a stream of false advertising and mis-information. They are claiming one false rationale after another. They are making out like their looting is essential to American prosperity and employment. There is no basis for these claims. The looting is transferring wealth from those who have created it to those who have not. It is outright theft by government. There is absolutely no way that theft through such transfers can ever create prosperity or employment.
Article 17 of the U.N. Declaration of Human Rights states
- Everyone has the right to own property alone as well as in association with others.
- No one shall be arbitrarily deprived of his property.
The U.S. government and the FED are engaged in massive violations of the right to own property, which entails the right not to be deprived of it arbitrarily. They are violating our rights to own property by taking that property from us for themselves and others. They are looting us.
Filed under: Economy, Government, Obama Administration | Tagged: bailout, Economy, Fed, Federal Government, Federal Reserve, finance, Government, Income Tax, Obama, Obama Administration, President Obama, Stock Market |