A Czar too Far

Okay, so my random thoughts have had fun poking at the physical oddities of a couple of Obama Administration officials but its time to get serious about the unelected, unwanted advisers that the B-HO has set up as out masters.

I'll let Glenn Beck go after the Marxists and Maoists. I have a beef with one of the seemingly less objectionable members of the 'Czar' list: Economic Adviser Paul Volcker. Volcker slips under the radar often thanks to the blatant radicalism of other Obama advisers but when you dig down, he is just as bad as the rest.

Volcker has an impressive resume. He has worked for Chase Manhattan Bank, J. Rothchild Wolfensohn & Co. (Mr. Wolfensohn was president of the World Bank), and was Nixon's Undersecretary of the Treasury from 1969-74. He was also the Chairman of the Fed from 1979-87. He founded and chairs the Group of Thirty, a New York (of course) based economic 'consulting' firm (which had, until recently, among its active members one Timmy Geithner).

For the conspiracists among us, he is a Rockefeller friend which adds up to a stint as honorary chairman of the Trilateral Commission. He is also a Bilderberg member.

Volcker's most notable claim to 'fame' comes from his stint at Treasury. His was the deciding vote in suspending the gold convertibility of the dollar. That vote was the tipping point for the already strained Bretton Woods system instituted by central banking, Keynesian economic theorists after World War II. It might seem odd that a committed Keynesian and Central Banker like Volcker would do in a central banking system unless you consider Saul Alinsky's Rules for Radicals (and I am not implying that Volcker ever read that evil tome). Typical of Progressive leftists, Volcker and company created a crisis and then exploited it to increase centralized power, this time in central banks. The collapse of the Bretton Woods system created an economic recession that lasted through the 1970s and culminated in the early 1980s. President Nixon (also a Keynesian and a Progressive) instituted wage freezes and price fixing especially in wake of the Yom Kippur war (which is why there was no gasoline but that's another blog).

Jimmy Carter, America's reigning skin lesion, can be credited for one thing: completely destroying Keynesian economic theory. Keynesian theory demands that an economy cannot have rising unemployment, rising inflation at the same time. Thanks to 'stagflation' that has proven untrue and wrecked the foundation of Keynesian economics...and yet there are so many including Paul A. (Adolph!!!) Volcker that still cling to it. Carter rehires Volcker, one of the architects of the crisis, to try and solve the crisis. While Wikipedia (which I don't trust for much) claims he did, I suspect it had more to do with Reagan tax cuts and deregulation efforts over Fed objections.

Overall, Paul Volcker has not been a positive influence in this nation's recent economic history. While Bretton Woods was a Keynesian/centralized system; it was less so than the system that is currently in collapse around us. Lord only knows what the committed Keynesians and Marxists in this administration (Volcker, Geithner, Romer, Browner, Feinberg, Sunstein, Emmanuel, Clinton, Vilsack, Locke, Sibelius, Solis, I'm sure there are others) will do to further centralize our economy and move us further into serfdom. The Progressives both in the Bush and Obama Administrations have used this recent recession and financial system collapse (which they have been engineering either by accident or design since the late 1970s) to consolidate small banks and seize control over large banks (though large banks like Chase are run by central banking allies anyway) increasing their iron grip on the economy. They continue to spend like mad driving the dollar's value to the breaking point. When (and it is now a matter of when not 'if') the dollar collapses and people start to really suffer (we'll be looking at this recession as good days) it will be that much easier for them to force a North American Union or world government on us.

Maybe that's paranoid but if I wanted to force people in that direction this is a great way to get it done.

Unrelated note: Congratulations to the Philadelphia Phillies on their second straight pennant. The umpiring in the series seems to be questionable and those of us who don't trust the Commissioner/used car salesman will always suspect foul play in favor of revenue. A Phillies/Yankees world series will likely draw well on the east coast but one would think a Dodgers/Yankees series would draw equally well if not better. An Angels/Phillies series would get terrible TV ratings so don't look for that! Maybe Paul Volcker can centralize baseball when he helps finish off the dollar.