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Article posted Apr 18 2010, 12:13 AM Category: Commentary Source: Kurt Nimmo Print

Marxist Wealth Distribution for the Bankers

Kurt Nimmo

Socialist redistribution was created by the bankers as a way to make sure we are in debt to them forever

Bob Ostertag, writing for the Huffington Post, is ecstatic. He takes comfort in a poll conducted by The New York Times and CBS supposedly revealing that Tea Party supporters are college educated upper income white men over the age of 45.

“We can stop talking about the President’s birth certificate, a United Nations takeover of the United States, changes in the design of coins, and all that other nonsense,” writes Ostertag. “What we are really dealing with is remarkably straightforward: a sizable group of wealthy white men who think that the government should help them and no one else.”

Mr. Ostertag then moves on to discount the movement and advance the same old liberal corrective — a Marxist redistribution of wealth scheme that steals from the rich and showers goodies on the poor down-trodden is the answer to our problems.

Ostertag believes “plainly it is a good thing for the government to redistribute wealth downward in a time of multimillion dollar bonuses on Wall Street and high long term unemployment on Main Street.”

It is sincerely amazing otherwise intelligent people actually believe this sort of nonsense. It should be obvious as the nose on Mr. Ostertag’s face that money stolen from producers by the government does not or will not feed and shelter to poor.

Government programs ostensibly designed to eliminate or reduce poverty have failed consistently and in dramatic fashion. “Urban development engineered by government has failed,” writes Michael S. Rozeff.
The education system run by governments is well-known to have failed our children. The Medicare system has failed. It has succeeded only in driving up costs and reducing the quality of medical care; it will soon require massive infusions of funds. The Social Security program has failed. Not only does it have numerous negative effects, but even as an investment it is producing negative returns for those who are now paying the taxes. The attempts by the government to control energy production and use have failed. The attempts to control agricultural production have failed. The space programs have failed to pay for themselves. The infrastructure of the country is deteriorating and evidences government failure. Air travel is worse than years ago and betrays failure. Household incomes have stagnated for years as a consequence of failed government economic policies.
Confronted by such obvious and repeated failures, liberals like Mr. Ostertag instead call for more wealth confiscation and an endless stream of stolen money sent down a black hole.

Of course very little of the money stolen from you and me is used to feed and shelter the poor. It is used to make payments on the national debt and fund the Pentagon.

Moreover, simply stealing money from the producers and showering it on the poor is not how the game is played. The game is about debt and turning the little people into serfs and slaves.

Earlier this week, Dave Lindorff went over the numbers. “The budget for the 2011 fiscal year, which has to be voted by Congress by this October 1, looks to be about $3 trillion, not counting funds collected for Social Security,” he writes. “Meanwhile, the military share of the budget works out to about $1.6 trillion,” more than half of the total.

So far this year, the Treasury Department has spent $201,928,781,952.77 on interest payments to the banksters who hold the national debt — not the principle, mind you, but merely the interest owed. The principle is right around $12 trillion, although some say it is actually higher.

In order for Mr. Ostertag’s blue sky scheme to work, the government will have to borrow more money from the Federal Reserve, a private bank owned and operated for profit by a small cabal of international finance oligarchs.

In other words, the debt will grow larger and this will create more poor people as the government increases taxes to “service” the debt.

Fed boss Ben Bernanke said as much earlier in the week. "Addressing the [United States'] fiscal problems will require difficult choices, but postponing them will only make them more difficult," he told Congress. In other words, either social programs will need to be cut or taxes increased. In fact, both are about to happen.

Socialist redistribution (actually a debt mechanism) was created by the bankers as a way to make sure we are in debt to them forever. It is also a control and wealth consolidation mechanism.

“If one understands that socialism is not a share-the-wealth program, but is in reality a method to consolidate and control the wealth, then the seeming paradox of superrich men promoting socialism becomes no paradox at all. Instead it becomes the logical, even the perfect tool of power-seeking megalomaniacs. Communism, or more accurately, socialism, is not a movement of the downtrodden masses, but of the economic elite,” the late Gary Allen wrote in a book that is a bane to all “progressives,” None Dare Call It Conspiracy.

It is rather peculiar that Mr. Ostertag and his comrades believe Obama and the Democrats they breathlessly catapulted to power will act as the saviors of the poor and downtrodden masses.

Obama has “repeatedly assured Wall Street that he will slash social spending, including Medicare, Medicaid and Social Security,” Tom Eley and Barry Grey wrote one year ago today.

Key economic positions in his administration are held by Wall Street and Federal Reserve operatives, including Larry Summers, Tim Geithner, and Paul Volcker. “The presence of multi-millionaire Wall Street insiders extends to second- and third-tier positions in the Obama administration as well,” write Eley and Grey.

IMF Chief Economist Simon Johnson was remarkably candid last year when he said “that the finance industry has effectively captured our government” and they will continue the spiral of debt “at least until the riots grow too large.”

Happy people buying groceries with redistributed money usually do not riot. I am not sure Mr. Ostertag and his fellow apologists for confiscation and thievery understand that.

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