LAPD is maybe the biggest criminal enterprise in America today.
Charlie Beck, the gang leader, decided recently to stop handing over illegal aliens arrested for crimes or even convicted of crimes.
Certainly they make Al Capone and the New Jersey Mob look like small potatoes.
But, they are all far outpaced by the fedgov.
Just for a chilling little example, yesterday's Washington Times ran an article in the A section about a Pentagon report to Congress last July. The report to Congress was a Pentagon evaluation of whether the Chinese could/would wage financial war on the US by dumping some of the US Treasury bonds held by China.
Now, lets completely ignore for just for a moment the complete absurdity of the Pentagon evaluating international finance. We'll come back to it.
The reason China dumping Treasury bonds could be a huge problem for the US has to do with supply and demand. If a large number of Treasury bonds were to suddenly flood the world's bond markets, it would be harder for the US to sell new bonds at the same time, thus it would be harder for the US government to continue operating at the huge deficits it has been. Also, the fedgov would have to offer a more attractive interest rate in order to sell the bonds. There is a little catch here. The interest rate on a bond is set by how far below face value it is sold. For example, if a bond has a face value of $100 and is sold for $93, the interest rate would be 7%. In a flooded market, lets say buyers can be found only for 10-12%. Meaning, the bond issuer now only receives $90 - $88 for each bond it sells. Now, in order to raise $100M, the fedgov has to sell even more bonds in order to raise the same amount of money--in a market that is already flooded. Without too much trouble, you can reach a tipping point where interest rates keep rising and the amount of money being raised keeps falling to where the fedgov cannot keep up with it by selling more bonds. Suddenly, the deficit spending comes to a crashing halt unless massive amounts of money are printed in order to redeem/buy back bonds from the market. And, the bond holders are no dumbies, they know the massive amounts of newly printed money is worth a lot less, so they buy fewer bonds. Deficit spending stops. Things start grinding to a halt. And massive price inflation results from massive money printing.
Thus the worries about financial war.
There is no possible interpretation of the general welfare clause and the necessary and proper clause that will justify the massive debt (bonds) and deficit spending that has been perpetrated for decades by the fedgov. It is clearly criminal beyond belief. And, now these criminals' actions have reached a point where their warrior wing is discussing the possibility of receiving
financial war from the criminal class that rules China. According the Times article, the Pentagon report to congress included information that certain Chinese generals were recommending financial war to teach the US not to meddle with China's policies toward Taiwan. Remember the Secretary of Defense's comments some months ago about the debt being the top national security concern?
The criminals running China can wreck our economy without firing a shot. But, only because our criminals have gotten away with putting us in this position.
