Attorney Robert Gerald Lorge GOP US SENATE NOMINEE 2006 WI's Page

The Greatest Fraud On America

The Economic and Financial crisis facing America today is one of the greatest, if not "The Greatest" Fraud ever perpetrated in the American and World financial marketplace and in particular upon the American Taxpayer. We have been lead to believe that the present problems are based on a lack of liquidity in the markets, a credit crisis, caused by three supposedly unforeseen events shaking the stability of consumer and market confidence.
First, it is falsely being said to be caused by bad real estate mortgage loans made by all the major banks, the so called "subprime mortgages" made to borrowers of limited incomes and assets, on adjustable rate mortgage (A.R.M.) terms that caused and are causing defaults as interest rates increased from 6.2% towards 9, 10, or 11% and credit card interest rates held by the same class of defaulting borrowers and spenders whose rates went from 18% to 24% or more, again causing a cascade of more defaults on loans not backed by tangible assets as security for the loans. True, this happened but this did not cause the crisis.
Second, it is said falsely to be caused by the huge run up in oil prices as speculators, many in brokerage houses that are now defunct, artificially drove up oil future contracts on the commodities markets, pushing a barrel of oil from the $30 range (it was in the $20 at the end of the 1990s) all the way to $175 or more, and now, after the collapse of these hidden speculators back down to the current $40 ranges. This also did not cause the crisis, though this fraudulent speculation should not have been allowed either, but that is another story.
Third, it is falsely said the crisis was caused by the increase of imports from China and elsewhere, and with it the loss of factories here at home and jobs as "Free" trade did not result in balanced fair trade, even creating a glut of cargo containers stacked up at the Port of Los Angeles and Long Beach like no deposit no return soda bottles, and with all that, the piles of debt, trade debt, as mounds and mounds of money both in U.S. Treasury notes as well as Corporate "paper" bonds and various debt instruments and i.o.u.'s of America's businesses piled up in China. With this, was the talk in prior years of China getting restless as it and it alone purchased the debt to allow America to continue to borrow, with demands behind the scenes to either pay higher interest rates for Chinese willingness to continue to hold these debts, or face the threat that China would dump these debt "dollars" all at once and destroy the value of the U.S. Dollar as the world's reserve currency. This is perhaps the greatest moral crime of our generation, allowing slave trade anywhere on earth after the Republican Party was founded to fight the bloodiest American War of All, the Civil war to end slavery in all its forms, but this again did not cause the current Depression like crisis.
None of these three events is behind the fabricated and fraudulent crisis now facing America. They are mere excuses, and decoys, to invent a crisis where there was none, towards other more valuable agendas, that trump the "value" placed on economic and financial markets today, namely an agenda for political power and political restructuring that is inherently more "valuable" than mere money spent, and lost, and wasted in the process. And this so called more "valueable" agenda of the Alinksy Ruled Radicals like Obama and Hilliary Clinton and George Soros and Jay Rockefeller is more evil than any conspiracy ever launched against America.
It is true that many businesses and homeowners have huge debts or are unable to incur even short term loans to finance daily business transactions such as loading up a semi-trailer of ham at places like Hillshire to long time customer stores for want of their bank issuing a mere letter of credit, for customers that all sides agree are "good for it" and credit worthy. This story is repeated in many forms all over America, and frankly the World's "Global" economy. It is also true that the cost of gasoline and diesel at the pump slowed down the transportation of both goods and people in cars, trucks and airlines across the globe. But the speculations that drove up those prices is not what has caused the Baltic Dry Freight Index (BDI) to drop over 94%, with miles of oceanic ships now standing still. This statistic can not be fudged or falsified because unlike the Consumer Price Index (CPI) or Gross Domestic Product (GDP) which are fudged, falsified, and revised for political expediency all the time, no one will ship an oceanic freighter empty just to fudge the Baltic Dry Index. It shows that world trade is at a standstill. None of these things are not true, they are true, but that is not what is causing the crisis, or preventing the crisis from being "fixed" so that recovery can begin. They are symptoms of the crisis, the result of the crisis, and are being used as excuses to continue to generate the fraudulent crisis onto the American and world economy. The current crisis is not being fixed on purpose, this fraud is intentionally being continued, so that extreme liberal and outright socialistic policies and programs can be pushed through our Congress and bankrupt this nation's people into submission to international socialism.
They forgot to hide the key fact that betrays their fraud and malevolent if not treasonous intentions: WHERE IS THE MONEY?
The last time I looked at the money supply, both for America and the World, I did not see anywhere that the money supply was thrown into a huge shredder somewhere. Also, amidst dropping and in most cases negative population growth rates in Japan, Europe and America, and the industrialized parts of the former Soviet Union, and with China having had a "one child policy" for decades, it is not as if a limited finite supply of money was too evenly spread out amongst too many "new" people. In short, there is not a money shortage. There is a continued effort to keep the perceived supply of money hostage to increase demand for credit, artificially, and not just by those at the Federal Reserve and a few other central banks, but by a small faction of those behind them. What is more, money as we know it today has no intrinsic value. It is not backed by so many ounces of Gold, since Nixon took the U.S. off the gold standard. Money is merely paper script, and by itself it is not even worth mere paper stationary because someone already wrote all over it, so you can't use it for notepad paper, and it makes a boring read after each dollar is the same except for it's serial number.
There are only three things that make money, as script or "fiat currency" as it is called have any value at all. First, if it is U.S. Dollars, is that oil is priced in U.S. Dollars (USD or $) and thus, you may say that since the OPEC Cartel of the 1970s anyway, that America at least is on the "Black Gold" standard. Secondly, U.S. Dollars are backed by the full faith and credit of the United States government, which means, by our nuclear military power if necessary, especially in relation to pricing oil in dollars. In the day to day usage, this means, as each bills plainly say on their face, that dollars are "legal tender for all debts public and private", which means if you offer to pay any debt in dollars and the creditor refuses, your debt is legally discharged, it is deemed paid, as the penalty backed by our courts and government, for the refusal to accept the U.S. Treasury dollars for such debts, and that means, that our courts, will enforce this through the government, which as mentioned goes all the way up the enforcement chain of command to our military power, in that we have bigger and more guns that any creditor who thinks they can thumb their noses at the courts. This of course did not occur until bank notes, similar to bank i.o.u.'s or bonds or shares which were the prime method of paper money until the uniformity of issuance of our greenback dollars during the Civil War era. British and Scottish Pounds Sterling, it should be noted, are still mere "bank notes" of the Bank of England and the Bank of Scotland respectively. Third, our Dollar only has value because the debts that are "public" are required to be paid in dollars. You can not exist for long in a barter society, or one where you own property or have a transactional income without dollars, because the government taxes you and requires you to have obtained U.S. Dollars to pay those taxes. They will not accept gold, silver, nor so many pounds of wheat or soybeans for the payment of taxes, they demand U.S. Dollars, and that is what keeps the U.S. Dollar in business for the most part, in addition to the first two reasons as to it having any utilitarian value. This too became universal after the spread of the railroads at the time of the Civil War with the introduction of various taxes unknown before in America.
These three sources of value of the U.S. Dollars result in it being a currency. The word "currency" comes from the Latin word meaning "to run", like streams run, and thus have a current, like electricity runs through a wire and thus have an electric current. Money must run through the economy in order to be a currency. If it stands still, it has no value. And this brings us back to the Fraud being perpetrated on America today. The money is out there. It is either running through the economy as it always has, and thus there is not any real liquidity crisis, or someone is paying interest on it for sitting somewhere, not exchanging hands in physical or electronic commerce somewhere, but securing other hidden economic transactions such as derivatives, to shortage the supply until the derivatives bust, which is why these insiders worry about achieving their results before gravity takes it's natural course. Otherwise, the holder of the money is taking a loss on it, as it does nothing sitting still, Money has not any value as script sitting still and is as said worth less than stationary paper by itself, without it moving, running through the economy. The flow of currency, however caused, is the only things that gives it any value, such as the three main causes above that make it move and flow as currency.
This betrays what is happening and who is doing it to us all. The so called bail outs are creating an incentive (actually what would be called a dis-incentive) to not loan money, but to sit on it. The more the banks sit on the money, the less there is of it, the higher the demand for it, like the Hillshire examples of the trailer of ham, eventually people will get hungry for that ham, need to have it on the shelf, need to be able to pay for it and buy it. You can charge high interest for money in higher and higher demand when there is a shortage like a shortage of anything in demand. But, the banks and those governments holding U.S. Dollars have discovered that the American Congress is willing to throw billions if not trillions of more dollars at them for not taking any risks at all in loaning out the money, but by hording the money, as they are doing. Because the money is somewhere, and between Communist Chinese banks and Japan and our own Multinational banks, that is where the lion's share of the money is, since it is not in your pockets. And the larger the banks, the more money they have, with limited employees and centrally controlled management, the less able they are, unlike smaller community banks and home town savings and loans and credit unions are able to logistically loan that money out or logistically do all that paperwork quickly and efficiently to refinance loans already out there to the millions of borrowers and depositors in the world and in particular in America. But why should they, why should they loan any money, if they are being 'bailed out" by the government giving them even more money than they could expect from making loans even at higher interest rates i..e. from making usual and customary loans, when they are being "paid off" to do the opposite, getting money for nothing, at no risk, hoping they can buy up everything and everyone else that defaults on the cheap instead, and own everything. Is this not what the Federal Reserve did with AIG? Their 80% is quite the leverage and quite a return on investment if AIG eventually "CHURNS "solvent..
If the government did nothing or does nothing, the money in the hands of the holders of all that money will lose value due to inflation unless they make that money work, make it run, make it flow as currency through the economy by investing it and loaning it out themselves. If the Federal Reserve and U.S. Treasury kept interests rates low, the Communist Chinese dominated banks, the Japanese banks and pension funds, and all those multinational large bank and brokerage houses might start dumping dollars, at least stop hording them, surely, they might compete, as free markets are supposed to do, by trying to get borrower business with lower and lower competing interest rates that would cure the liquidity and credit crisis of and by itself. WE can make them let go of these dollars, but not by the present bail out plans that will just do the opposite. I know how it can be done, it they refuse to do it themselves in the normal and usual and customary course of events. There is a 1% club that can be used.
Continuing to throw money at the situation with no strings on it will bankrupt the taxpayer first, but definitely bankrupt the American small businesses second and foremost, and with it, usher in an age of dominated again by the huge Trusts that Teddy Roosevelt fought to dismantle a century ago, and the threat of world socialism endemic with these large enterprises that are only efficiently equipped to deal with other large entities such as government central planning of socialist structured governments, which, as we saw at the close of the last century, failed in the former Soviet Union. But who paid the record $750 million to install this President and the One Party dominated Democrat Congress, other than the same Wallstreeters and Washington D.C. insiders who alone will benefit from the Trillions of dollars of planned, orchestrated and architectured taypayer "Bail Ins" designed to sink the Ship of State once and for all. This is their plan, their spending plans are not the end but the means to another end, namely socialism.
However, we hear the whispers of those same International Socialists now, in the guise of liberal spending bills and phony bail outs saying and deluding themselves and the many as the Pied Pipers of the eons have in prior generations, that "this time", it somehow will be "different". It will not. Math never changes. And simple math is the only "change" that America really needs.

Attorney Robert Gerald Lorge was the 2006 Republican Nominee for the United States Senate in Wisconsin and current Wisconsin State Director of "America Coast to Coast C2C" and "Rebuild the Party" conservative political organizations, and practices law in Wisconsin while pursuing commercial Honeybee honey and pollination services as owner of Capital Hill Farms Lorge Honeybees in Bear Creek, Wisconsin.