An Elitist Shadow Government Running America

Every now and then we bloggers who take a sceptical line (and I mean true scepticism, i.e. questioning everything, taking as little as possible on trust) will come across a genuine, 24 carat, card carrying barm pot (probably a university lecturer, ‘scientist’ or senior school teacher who thinks he/she though usually he, is being incredibly clever by asking the most naive, stupid arsed questions imaginable of anybody who dares to question of challenge the “gospel truth” of official propaganda.

Yes I am talking about the kind of cupid stunt who still believes carbon dioxide emitted by human activity is causing catastrophic climate change havind read, he claim, a Boggart Blog post that includes a link to a new study which confirmed the finding of a 1951 research project that shows carbon dioxide is not a significant greenhouse gas.

Here’s the Boggart Blog post and Here’s the peer reviewed study it refers to:

‘Determining the Total Emissivity of a Mixture of Gases Containing Overlapping Absorption Bands,’

Right, so my source is rock solid and my somewhat hyperbolic presentation is eff all to do with anybody else, particularly the kind of bell – end who thinks it’s really smart to ask “who exactly are the establishment,” by which question the visitor shows he has no idea how the ordinary punters who read my blogs talk to each other.

I wonder then what this person would make of The Shadow Government, which I am blogging about today:

America Being Run By Unelected Elite

from Dave Stockman’s Contra Corner

America is being run by an unelected gang of essentially self-perpetuating PhDs.

The notion of an economics coup d’ etat is not so far-fetched. After all, the Eccles Building controls the levers of the nation’s fiscal policy; is the pied piper of the entire financial system; intentionally inflates financial bubbles which powerfully impact the distribution of wealth and income; and is the master builder of the nation’s towering edifice of $59 trillion in credit market debt that flattens growth, jobs and incomes on Main Street.”

“To take one case in point, consider further the matter of fiscal policy and the Washington machinery by which $4 trillion of economic resources are allocated directly, and countless trillions more indirectly owing to tax policy and Federal matching grants. This entire apparatus is now frozen in place because the Fed’s QE policy amounts to a giant fiscal fraud. Even if it sticks to the taper, the Fed’s balance sheet will have expanded by 5X—from $900 billion to $4.5 trillion—in 70 months.”

“Yet it has no intention whatsoever of unwinding this stupendous emission of fiat credit. Indeed, selling-down its massive piles of treasuries and MBS would ignite the mother of all melt-downs in the fixed income markets, which have gorged on over-valued paper that was priced by the Fed’s huge, artificial bid in the debt markets.”

“So if this $4.5 trillion balance sheet is permanent, then the Fed’s post-crisis money printing spree amounts to a massive monetization of the public debt. Too be sure, all of this was done in the name of rubbery abstractions like “accommodating” recovery, supporting the “labor market” and “stimulating” consumption and investment spending, but the real world effect was quite different and far more tangible: It allowed Washington to treat the financing cost of our $17.5 trillion national debt as a free good.”

Read more: America being Run by An Unelected Elite

The idea of nations being run in reality not by elected governments but by a cabal of corporate leaders, bankers and for want of a better term, “old money” is hardly novel. For years those naive fools who delude themselves they are intellectuals denied the existence of The Bilderberg Group, now thanks to incessant pressure of “nut jobs and conspiracy theorists” we know it does although they still do not offer press releases, minutes of their meetings or an official annual report. Which gives the real conspiracy theorists, the thickos who support officialdom and worship power and authority trying to sell the line “Ah but you can’t PROVE they are not just a bunch of rich people getting together for a jolly old chinwag over coffee and cake can you?”

Well no, we can’t, and we can’t prove that these wannabe elitists really despise the masses they pretend to care about. But while the science heads and academics ask us to accept their word backed up by the flimsiest of evidence, I go for the legal term “beyond reasonable doubt.” And I can say, on the balance of evidence it is beyond reasonable doubt that whatever the elite (The Establishment) get up to in secret is not in the best interests of we the punters.

So Boggart Blog will keep questioning. Join us.

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