We all know that babies cry when they enter this world. But doctors in America are reporting a curious phenomenon that has been occurring in hospitals across the country in recent months. 2010 babies are arriving with a silent scream. While the obstetricians are puzzled, you and I understand perfectly well what’s at work here, now don’t we. After all, you would scream, too, audibly or otherwise, if, after taking your first breath, you learned that you were already $175,000 in debt.
Babies are a lot smarter than we think. In that brief instant before they are brainwashed by Government lies and media complicity, they understand in their unmanipulated souls that the United States is broke.
For instance, they know that the Federal deficit is not over $12 trillion as reported in the press. Babies know that the true figure, when you add all the future obligations promised to millions of Americans in entitlement benefits down the road, is approaching an incomprehensible $176 trillion and rising. Politically untouchable, financially unpayable.
Newborn babies know that the United States is slowly being economically bled to death in the Middle East. These same babies know that the U.S. is, and will continue to be, held hostage to our dependence on permanently high-priced foreign oil. They “get it” that the game is over in the housing market whose dependence on the “greater fool” theory placed those who came late to the party in the telescopic gun sights of foreclosure and bankruptcy.
Babies fresh from the womb see clearly that the $8 trillion currently held in the reserves of foreign countries will surely come back to bite us. They think it curious that we tell the Chinese what we want them to do about their currency and their trade practices when, in reality, they are our bankers on whom we are totally dependent. As one baby put it: “Imagine a debtor telling a creditor what the rules are.” And all the new arrivals agree on one intractable proposition: our “bankers” will ultimately act in their own self interests and move away from holding trillions of dollars that are all doomed.
The babies I interviewed are terrified of something else that they inherently know is yet another economic time bomb waiting in the wings for ignition. They had heard about the $500 trillion dollars in unregulated derivatives while they were still in the womb. But it wasn’t until they saw the light of day that they realized that these privately negotiated missiles of mass destruction really existed and were floating around the planet just looking for another trigger. “Why, they could bring down the entire financial system,” said one of them, trying gamely to inhibit a scream.
I showed one of these clairvoyants a dollar bill. “Are you serious?” asked the baby in amazement. “That’s just a piece of paper. What’s behind it? Hopefully, something intrinsic, something of value.” “Not a thing,” I said, “except perhaps a politician’s promise to pay.” At that point the baby became inconsolable. When she finally got a hold of herself, she cried out, “Surely, you don’t accept these worthless pieces of paper for your products and services and hard work?” “Not only do we accept them,” I assured her; “we are very impressed by them.” “That’s absurd,” replied the baby. “I could write any number on these pieces of paper—–$1, $5, $10, $20, $50, $100—–and they’d all be worth the same: the price of the paper.” “Don’t forget the ink,” I said, trying desperately to defend the world’s reserve currency.
While these 2010 babies come into the world knowing the news is bad, they do not know all the particulars. Do I dare tell her more? Yes, an educated baby is a prepared baby who can take evasive action to protect her assets. “Mrs. Baby, do you know that there has never been a paper currency that has not been completely destroyed? And do you know that the U.S. dollar has lost 97% of its value since the Federal Reserve was created in 1913 (most of it since 1971 when Nixon terminated the last vestiges of convertibility into gold)? And finally, do you know that this same Federal Reserve, which is, by the way, a private organization, whose principal benefactors are our biggest investment banks, has stopped reporting M3 money growth? Do you realize what that means, Baby? They are now free to create papers dollars out of thin air without any transparency or accountability.”
The infant was silent. She appeared to have become a depressed baby right before my eyes. Finally, she spoke. “Well, aren’t the people concerned, frightened out of their freakin’ minds?” she asked incredulously. “No,” I responded. “They’re totally complacent, buying all the stocks and bonds and other such pieces of paper they can get their hands on. They got a wake up call in September of 2008 when the stock market lost 50% of its value. They blamed it on the subprime mortgage mess which froze the credit markets. Of course, we know that “subprime” is the buzz word, the spin, put on a much larger over-the-counter derivative problem, now don’t we, Mrs. Baby? But those savvy investors rationalized this warning as just another ‘blip’ and nothing more. They’re back at it, buying and selling, as if nothing happened.” The bemused baby shook her little head. “Pieces of paper, electronic entries…...here today, gone tomorrow,” she replied.
And so babies everywhere are putting on their helmets and heading for their bunkers. They know what’s coming at us. They understand in their new untainted souls that the economic threats to this country are every bit as terrifying and far more destructive in their potential than any terrorist’s bomb. Perhaps adults can learn something from these new arrivals. Maybe, just maybe, the older folk will stop believing the nonsense they read in the newspapers or see on television about the so-called “economic recovery.” As one brand new baby put it: “The whole global financial system is a charade backed by sheer illusion.” That baby is papering the walls of her bunker with brand new Federal Reserve notes. What’s your plan?
January 27, 2010