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Five Trillion Globo-Dollars

The lamestream media told you:

"LONDON -- Finance Ministers and central bankers from the world's most powerful industrialized and developing nations agreed to deliver the remainder of a $5 trillion global fiscal stimulus while outlining a compromise on efforts to rein in pay for bankers," according to William Watts, writing for MarketWatch.

The Uninvited Ombudsman notes however that:

This overlooked minor item from Sep. 6, 2009 points out that: 1- The American stimulus bill shows we're pikers on the world stage; 2- Internationalists control insane amounts of cash, none of which is theirs since all "finance minister" money is taken from the public; 3- $5 trillion is $5,000 billion, or five million million, a number too large for even finance ministers to comprehend, let alone the people it has been taken from in drips and drops; 4- U.S. news coverage barely shows a tip of the iceberg on what's really going on in the world; 5- Who gets all that cash is undisclosed, as is what they'll do with it; 6- Any mechanism for following the action is unknown to mere mortals; 7- The chance that less than all of it will stay out of power brokers' pockets is probably infinitesimal; and 8- calls for more taxation at any level must be resisted and elected advocates for more taxation must be removed from office.

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About the Author

  • Freelance writer Alan Korwin is a founder and past president of the Arizona Book Publishing Association. With his wife Cheryl he operates Bloomfield Press, the largest producer and distributor of gun-law books in the country. Here writing as "The Uninvited Ombudsman," Alan covers the day's stories as they ought to read. Read more.

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