[O]ur government’s policies are fundamentally based on the opposite of open honesty. Virtually every policy with any fiscal or financial consequence is shrouded in lies, deception, obfuscation, disinformation and propaganda.
Yes, there is outrage in some quarters, and this is a positive sign. Even more positive is the growing demands for transparency and an honest accounting of our government’s (and the Federal Reserve’s) backstops, guarantees, actions and obligations.
What we know about our government’s responses to this entirely predictable financial meltdown is that truth and honesty are nowhere in sight. The government’s top financial officers lied to Congress that the nation would implode if they didn’t give extraordinary powers and extraordinary sums of money to Treasury officials working behind cloaks of secrecy and deception.
A year later, the deceits, disinformation, half-truths, statistical conjuring and behind-the-scenes manipulations continue apace, with catastrophic results. The Treasury sells debt to the Fed which buys the debt with money created out of thin air, and we are told there is great demand for our new debt.
[ Of Two Minds ]
“We can no longer afford a government that believes lies are necessary to maintain order.”