Rep. Alan Grayson (D-FL)
[courtesy Google Images]
“In a recent interview with Salon, outspoken progressive Rep. Alan Grayson (D-FL) hailed the rise of what he called “stealth socialism” through America’s recent monetary policy decisions.”
What does Congressman Grayson mean by “monetary policy decisions”?
He means “central planning” by the Federal Reserve System.
“Central planning” is a term that was popularized by the former Soviet Union—until it collapsed under the weight of “central planning” in A.D. 1991, ceased to exist, and plunged the people formerly ruled by “central planning” into a decade of chaos, poverty and violence.
“Asked by interviewer David Dayen whether the financial system has become “safer” in the years since the financial collapse and subsequent government interventions like 2010′s Dodd-Frank bill, Grayson praised the Federal Reserve for its “unconventional” policies that have “put us back on a low-level track toward growth.”
From A.D. 1922 forward, Russian Communists routinely praised the brilliant and sometimes “unconventional” policies augmented by Soviet “central planning”. That praise ended in A.D. 1991, when the weight and sheer idiocy of “central planning” caused the Soviet Union to collapse, disintegrate, cease to exist and plunge the people formerly ruled by Soviet “central planning” into a decade of abject poverty, social chaos and violence.
“Asked about the Fed’s expanding balance sheet, the Florida Democrat said: ‘We’ve had a government takeover of the bond market.
The bond market has been taken over by the very same government that issues those bonds. Thinks about that.
With that takeover, the free market has been removed and replaced by central planning.
The free market’s former assessment of the value of government bonds has been replaced by the government’s and Federal Reserve’s control of the apparent value of those bonds. This takeover and assessment has been achieved by means of the Federal Reserve purchasing 80% or more of recent government bonds and paying full price to do so. Government sets the price. The Federal Reserve pays it. The annoying forces of the free market are eliminated and replaced by the inestimable wisdom of government central planning.
Our brilliant and heroic central planners need not listen to the voices of private investors who might ignorantly refuse to buy US Bonds except at much lower prices. The government now controls the price without free market meddling and interference.
“Stealth socialism’s been created. Government simply ends up owning more and more and more.”
It follows that as government owns more and more, you folks in the private sector will own less and less and less.
As government owns more, it will control more.
Eventually, our heroic central planners will control every bit of life and choice until this nation runs like a super-efficient, well-oiled machine—complete with goose-stepping, concentration camps for dissidents and the ultimate collapse into rubble that follows every foray into central planning.
Thanks to government’s “stealth socialism,” you’re becoming increasingly impoverished in terms of both your tangible wealth and your personal liberties. If “stealth socialism” is allowed to continue, you’ll soon own nothing and be totally subject to the government’s will.
If you allow “central planning” and “stealth socialism” to continue, you will soon become a slave.