New York Times: Tax Savers and Negative Return

DarthDubious's picture

Kurt Nimmo
April 21, 2009

It would be easy enough to straighten out the “economic crisis,” but the New York Times will not tell you about it — get rid of the Federal Reserve, outlaw central banks, return money to the gold standard or some other value set standard, let people keep their earnings instead of taxing them silly, and make it illegal for the government to rack up astronomical debt.

John Maynard Keynes, the "economic fascist," understood the elite’s agenda perfectly.

But no, that will never happen, not with the current crew at the helm. Instead of common sense, the eggheads propose further thievery and criminality. A few of these academic idiot savants are proposing “solutions” at the New York Times. One such scheme is called “negative return.”

“The idea of making money earn a negative return is not entirely new. In the late 19th century, the German economist Silvio Gesell argued for a tax on holding money,” writes N. Gregory Mankiw for the Gray Lady. “He was concerned that during times of financial stress, people hoard money rather than lend it. John Maynard Keynes approvingly cited the idea of a carrying tax on money. With banks now holding substantial excess reserves, Gesell’s concern about cash hoarding suddenly seems very modern.”

Gesell is described as an anarchist, although this can’t be right since he advocated government theft of money from the “hoarders,” that is to say the people who saved money. Maybe it had something to do with the fact he considered himself a “world citizen,” what we’d call a globalist today.

John Maynard Keynes was an “interventionist” economist and considered by libertarian economists to be the most destructive statist intellectual of the 20th century.

Here’s what Keynes had to say about society and money in 1920:

There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

Keynes, as a “economic fascist” (as Matthew D. Jarvie called him), understood the elite’s agenda perfectly — reduce the masses to indentured servitude at the behest of the bankers. “This agenda entails the destruction of national currencies to usher in a totalitarian police state and a completely managed global economy, with a one world currency and central bank (something Keynes was advocating back in the 1920s and 30s),” writes Jarvie.

It is quite natural for the establishment standard, the New York Times, to push this agenda — and thus actually give credence to a scheme that is thievery on a mass scale. “Negative return” on your savings sounds better than government thievery at gunpoint. It sounds less threatening.

One thing is certain — the banksters sincerely believe you have no right to save money or live a decent life.

“The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences,” wrote Carroll Quigley.

The New York Times is doing its part.

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