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IMF Issues Catastrophic Warning As France Calls For End Of US Heg

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Asked whether it would be better to increase spending or to cut business taxes, only 15% favored spending; 63% favored tax cuts.

Equally to consider as a mirror from that time to ours today was the 1938 election that was a total disaster for Roosevelt and his Democratic Party, who lost 70 seats in the House and 7 in the Senate.

Now the most important thing to remember is that Roosevelt, like Obama today, in knowing that he would surely be defeated in the 1940 Presidential election, and having the vast majority of the US Congress and American people fed up with his New Deal socialist polices, had one last trump card to play to stimulate the economy of the United States, TOTAL GLOBAL WAR!

So, in 1937, Roosevelt began a series of seemingly contradictory US foreign policy moves both benefiting and antagonizing the powers of the Empires of Japan and Germany and fascist Italy thus positioning the United States to be a combatant in a World War the American people overwhelmingly wanted nothing to do with.

So strident were the American peoples objection to what they called ‘Roosevelt’s War’ that two of the United States greatest public spokesman of the time, aviation hero Charles Lindberg (refused to return a medal given to him by Nazi Germany) and US auto giant Henry Ford (Ford and Hitler were great admirers of each other), started an anti-war movement known today as America First that sought to keep their country from war.

Roosevelt’s plan for World War was almost undone with Nazi Germany’s September, 1939 invasion of Poland due to secret pact between Adolph Hitler and Soviet Leader Joseph Stalin that allowed Soviet Russian troops to invade at the exact same time from the East as German soldiers were invading from the West.

Though both Great Britain and France had a mutual defense pact with Poland, and under pressure from Roosevelt, they declared war on Nazi Germany setting off World War II, but not on the Soviet Union, a move none of the Allied Powers have ever allowed to be explained to their citizens.

Roosevelt’s trade polices against the Empire of Japan led that Asian Nation in 1937 to begin its conquest of China, and other Asian neighbors as it sought oil and raw materials denied it by the Americans, and which without their economy would collapse.

The United States Presidential election of 1940 was fought in the shadow of World War II as the United States was emerging from the Great Depression and Roosevelt broke with tradition and ran for a third term. The surprise Republican candidate was maverick businessman Wendell Willkie, a dark horse who crusaded against Roosevelt's failure to end the Great Depression and eagerness for war. Roosevelt, aware of the strong isolationist sentiment in the US promised there would be no foreign wars if he was reelected, and he was.

Unbeknownst to the American people, however, Roosevelt’s plan for plunging his Nation into war was just starting, and which he vastly accelerated, in early 1941, after his inauguration by enacting Public Law 77-11 (also known as The Lend Lease Act) which was a program under which the US supplied the United Kingdom, the Soviet Union, China, France and other Allied Nations with vast amounts of war material amounting to over $50 Billion. (In today’s dollars equal to $1 Trillion.)

By late 1941 Roosevelt’s ‘master plan’ for plunging his people into war was realized, and in the words of the Noble Prize winning American economist Paul Krugman resulted in:

“From an economic point of view World War II was, above all, a burst of deficit-financed government spending, on a scale that would never have been approved otherwise. Over the course of the war the federal government borrowed an amount equal to roughly twice the value of G.D.P. in 1940 — the equivalent of roughly $30 trillion today.

Had anyone proposed spending even a fraction that much before the war, people would have said the same things they’re saying today. They would have warned about crushing debt and runaway inflation. They would also have said, rightly, that the Depression was in large part caused by excess debt — and then have declared that it was impossible to fix this problem by issuing even more debt.

But guess what? Deficit spending created an economic boom — and the boom laid the foundation for long-run prosperity. Overall debt in the economy — public plus private — actually fell as a percentage of G.D.P., thanks to economic growth and, yes, some inflation, which reduced the real value of outstanding debts. And after the war, thanks to the improved financial position of the private sector, the economy was able to thrive without continuing deficits.”

And so today, as the United States sinks ever deeper into its latest Great Depression, as millions of its people remain hungry and homeless, as tens of millions more remain jobless, as their poverty rate skyrockets to levels not seen since the early 1960’s, as all of the historical indicators point to stock market crash of unprecedented proportions, as millions of them rally against their governments spending their children’s future away, ‘partying’ Obama has just announced the largest arms sale in American history to of all places Saudi Arabia.

For these self deluded people not to see the preverbal ‘writing on the wall’ of what their future is soon going to look like is beyond imagining, but nonetheless real.

This concludes Part IV of the series “Shock World Court Ruling Warned Will Destroy Obama, America

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9/14/2010 6:24 AM