Midas on America's Path to Destruction set in 1971

Mighty Midas and Financial Collapse 2008

by Jude Cowell

Pondering Our Collapse While We Watch Others Fall is one article that knocked me for a loop concerning the engineered financial collapse enabled by the Fed (as in the 1930s) and it has inspired a peek at the horoscope for August 15, 1971 when a well-instructed Richard Nixon took the US off the gold standard.

This date and act, says the article, mark when America's 'path to destruction' was set as we-the-people were turned from the golden or even the silvered road and plopped upon the paper path which forked into an imaginary, shadowy trail of credit extension beyond our means, usury interest rates, revolving credit balances, and so on. Of course, the act meant that our debts weren't intended to ever be paid back lest the hapless rise above slave status and the plutocrats miss stealing a worker's last nickel.

Well, I Am Spartacus. How about you?

Actually, President Nixon and 15 advisers decided to take action to "protect" the US dollar against "foreign price-gougers" - their justification at least - and they didn't consult or advise the international monetary system first - a rare move!

And as we know from experience (Lincoln, JFK, maybe McKinley), US presidents who think to mess with the international financial system of gangster banksters tend to be taken out of office by forced resignation or something more...final.

Yet so far, there's little to worry about on that score during the presidency of Mr. Obama with his Goldman-Sachs cronies surrounding him in a White House where corporate special interests rule the day and Republicans can't stand the idea of consumer protections for the pigeons...er, the populace.

Last word I heard is that Republican and Democratic politicians on Capitol Hill still occasionally refer to themselves as "representatives of the people" though some measure of self-deception on their parts may be in evidence since we must first fool ourselves before we can successfully hornswoggle others.