Mike Curtiss (16
"Call it Embezzlement"
us into putting them into positions of trust. They called themselves
both Compassionate Conservatives, and Hope n’ Change Democrats. Then,
when they had control of the checkbook, they looted the Treasury -
handing out gifts to their allies on a scale never before seen. They
took out new debt on our behalf and then spent that too. They lived
large while we lived small on the crumbs from their banquet table. When
we discovered it, they tried to make it seem like it was our fault.
They threatened us. They stuck us with the bill, and now they are about
to leave town while they can with their ill gotten wealth.
have been through having my company embezzled. Having seen it first
hand, I recognize embezzlement when I see it: The con game, the
looting, the threats, the debt and the bizarre blame game. It is all
It is outrageous that no one is calling it what it is: Embezzlement on the largest scale in history.
warned Dana Rohrabacher about 20 years ago that this was coming. The
rule of law had broken down. Just as my company had been embezzled
while the authorities did nothing, so the same disease was heading for
the highest levels in America.
Still, so many people call it
Politics, when it is really Organized Crime. Indeed, war itself is just
politics by violent means, and gang warfare in America has been brought
to the White House itself. Embezzlers have made deals selling off our
financial and physical security to the highest bidder in their zeal to
loot all they could while the looting was good.
call it a debt against our children and grandchildren. I have to scream
a little inside each time I hear that foolish fantasy repeatedly
This isn’t a debt for our children. Do they really think this is going to wait for them? It is Here and Now.
the bank comes to foreclose, try telling it to give the bill to your
kids. When you can’t afford a comfortable retirement, try sending the
bill to your grand kids. The idea that this is not our problem is mass
insanity. It was the same mass insanity that allowed the con men and
women to run up the debt in the first place. There was public belief
that somebody else would pay it.
The children will pay it? The
rich will pay it? Nonsense. Our creditors aren’t going to wait for our
kids to grow up and get jobs and make payments. The rich are on their
way to some off-shore refuge with what they can save from the looters.
were embezzled, and the sooner we come to grips with that, the sooner
we can pick up the pieces and start making it better. It is
humiliating, infuriating and devastating. It is painful, but it is the
truth. Only the truth shall make us free again.
only run their con for so long, and then the bills come due and the
credit line is drained. Eventually the racket is revealed. The victims
wake up in horror, and are furious with the crooks. Suddenly,
everything starts to shift. The victims size up their situation, and
take stock of what assets are left. The con men are off to try to find
another mark. The victims have to come to new arrangements on debt and
The world is about to start over financially.
will be re-valued. Assets will be re-valued. We are in the very middle
of a global shift between consumers and producers. The American dollar
must fall. The RMB-yuan must rise, and with it the competitiveness of
producers in America will rise. The less efficient producers in China
will find themselves out of a job while the consumers in America will
find themselves on a crash diet.
Our leaders have sold out
American producers for years in exchange for bribes of foreign loot.
They cut back on domestic oil production due to financial influence
from oil-rich Arab states. They claimed it was for the environment and
global warming as a cover story. The owners of Middle East oil had our
troops fight and sometimes die in Iraq and Afghanistan while China
raked in profits from oil and mining there. We did not have advocates
for America. We had crooked salesmen as leaders.
Our leaders allowed China to maintain an undervalued currency:
downside of the Chinese peg for the US economy has shown up in the
manufacturing sector where no amount of productivity growth could
overcome the huge trade advantage that China gained by having an
undervalued currency. The result has been the largest sustained decline
in US manufacturing employment since the 1930s. From its peak in early
1998, the US has lost over 3.3 million manufacturing jobs.”
Chinese currency undervalued by about 40%, there has been an invisible
40% tax on anyone who actually makes things in America. The America
that was able to out-produce the Nazis in WW2 became a nation that
out-sourced much of manufacturing. Manufacturing jobs in America were
While American manufacturing is still considerable,
consider what it would be if that invisible 40% burden were removed.
Imagine how powerful American manufacturing would be today without such
a hidden burden over decades. It is a tribute to the resilience and
productivity of American manufacturing people that American
manufacturing exists at all under such a crushing burden.
This massive shift of wealth in America away from manufacturers has profound political consequences.
has drained the money away from those Americans who make things, and
put it in the hands of those who do not. It has siphoned wealth into
the hands of foreign nations eager to bribe our officials such as the
Chinese. The American manufacturers who ought to have had much more
money and power in America have thus been disenfranchised and relegated
to the financial and power fringes for decades. Those who do not make
things have been the ones in control of the money.
So who are
these people who do not make things? They are those that sell things.
They buy from China etc. and then sell it. They get money from the
government to create illusory kingdoms of image makers. They manipulate
words. The money and power in America is therefore in the hands of
master salesmen and manipulators: lawyers, politicians, lobbyists,
middlemen, journalists, salesmen, CEOs that produce their product
offshore. None of them has ever had to actually make anything.
NASA, we had a name for “engineers” who had the degrees but had never
gotten down to actually making anything. We called them “view-graph
engineers” and, as a government vassal, NASA became filled with them to
the point where now they literally cannot even go back to the Moon. Tax
dollars in grants are won by salesmen, not real engineers, nor real
scientists. Do you really think real scientists would have gone along
with the Global Warming hoax? Anthropogenic Global Warming was backed
by snake oil salesmen and their science establishment whores.
balance in favor of consumers and against producers has gone on so long
that the venture capital in America has flowed to the hands of
manipulators who travel in their own cliques and are isolated form
physical reality. They don’t even know or associate with people who do
make things. The money people are clueless about manufacturing and have
become so over 50 years, so it has now become intergenerational. Not
only do they not know or associate with people who can make things...
most have never even met an American manufacturer of physical goods.
the money has to flow away from the myriad kinds of salesmen and to the
manufacturers before America will recover.
Newspapers and old
media have to fail. Politicians have to be thrown out. Salesmen running
companies have to go back to being servants of the manufacturers or
starve. Bureaucracies have to shrink or die. Lawyers have to go hungry.
Fat dumb and happy wards of the state who only consume must go on a 40%
financial diet and cease buying what they are sold on the TV. Big shot
CEOs with overseas production have to be recognized as mere middlemen
and lose their jobs. Those foreign powers that built empires on
accumulation of American T-bills must lose their fiefdoms. Those that
built empires on Chinese imports must lose their shirts. Venture
capitalists who invest in paper companies and salesmen instead of
machinery and engineers must lose their capital.
All of this has
already started happening. The process will accelerate as the Chinese
manufacturing and exports fall apart. Inflation will hit when the
Chinese are forced to stop supporting the dollar by buying American
government debt, and this inflation will cause all of these changes to
happen at an explosive pace.
The Tea Party Revolution, the rise
of Sarah Palin and other new leaders far from the political elite, the
exploding national debt, the health care revolt, unemployment and
destroyed savings, are all just surface manifestations of this
fundamental underlying reality. Power must come back to the
manufacturers and away from the salesmen.
The elite will try to
hang on to power and keep the con game going for as long as they can,
but as the bills come due their grip will fail. Their palace of power
is made of make-believe money. Only bribes have held it together and as
the money goes away, so does their support.
Anticipate and watch
this fundamental reality unfolding and you will not be distracted by
the bleating political classes or their sycophant salesmen. They may
think that the end of the world is near, and they are right: Their
illusory world’s end is imminent. Our real world is just beginning.
day we call it embezzlement is the day we can start picking up the
pieces and building a new world of our own. We will not be fooled by
salesmen again for a very long time.