December 16, 2005

From The Truth Will Set You Free:

A recipe for RECESSION


Ingredients:


Instructions:
  1. Give exclusive control of ALL tender to private bankers.
  2. Charge interest on ALL tender that circulates.
  3. Once control is firmly in place, seal all openings and PREHEAT oven by extracting a portion of tender, in TAX, from that which circulates.
  4. Set oven to 5% interest; adjust for inflation.
  5. To ensure economy rises, allow tender to circulate either as cash or as credit based on as little as 6% tender on reserve.
  6. To prevent people from sticking together, employ media to strategically insert wedge issues between them.
  7. Check regularly to ensure economy does not overheat. If it does, apply military.
  8. Keep bankruptcy pores closed at all times to avoid deflation.
  9. Add foreign investment as needed, raising INTEREST, and TAX when necessary.
  10. Repeat STEP 9 as often as economy will tolerate; then move on to the next nation.
Please note, to ensure effective transfer of wealth from working class to idle rich:
  1. Tax only LABOR;
  2. Do not, under any circumstance, tax income from INTEREST;
  3. Do not, under any circumstance, accommodate REAL growth;
  4. Do not, under any circumstance, pay off the DEBT; and
  5. Always speak in riddles to avoid exposure.

Comments:
Thanks!!!

:)

and thanks for the info about fractional reserve banking.

If you run into a good source for more information about it, please let me know.
 
See, I knew there was a formal term for it! but it just would not engage in my mind. Good piece of writing.
 
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