Last week, plastered across mainstream news sources we learned that the investigation of Attorney General William Barr has finally “gone criminal.” Should we be surprised?
Well, if you are just now realizing that criminals began heavily influencing policies of the United States government, even decades ago, I suppose last week’s revelation was a small shock. But surely you have noticed some signs along the way, haven’t you? Perhaps if I remind you of a few, that might help you gain perspective on what we’re dealing with here. And these are just a few.
Remember Vietnam? The undeclared war Lyndon Johnson waged in Southeast Asia? The war for which the names of 58,000 Americans are commemorated on a wall in D.C.? Remember that? Do you remember what prompted it? It was an event alleged as the “Gulf of Tonkin Incident.”
Prior to that supposed happening, LBJ is recorded on tape telling his Secretary of Defense Robert McNamara he wanted “someone” to “layup plans” to “trap” the Viet Cong and “whoop the Hell out of ‘em.”
McNamara responded he would, “bring something back that will meet that objective.” That something would be plans for a fake attack on American Navy ships in the Gulf of Tonkin, which led to Congress passing a joint resolution permitting LBJ to commence a disastrous and expensive war. McNamara later confirmed the truth in an interview, admitting, “It didn’t happen.” Was that criminal? You bet.
Johnson spent so much money waging war in Vietnam, that he outspent the ability of the U.S. government to pay. To defray the outrageous cost, the Federal Reserve would be enrolled to create many more dollars than the existing gold standard, in place since shortly after World War II, could justify.
So in August 1971 President Richard Nixon exercised his only alternative, which was to “temporarily” close the gold window and agree for Congress to authorize the issuance of massive amounts of new debt, which the Fed would hold as collateral against creating massive amounts of new dollars, while Congress initiated a program of continually increasing the debt ceiling. That caused rampant inflation, 21% interest rates, and caused Jimmy Carter his job, all so that the costs of killing millions of people and destroying Vietnam could be paid. Was that criminal? You bet.
After suffering years of economic “malaise,” in 1981 President Reagan entered office following a landslide victory. Saddled with historic, high interest rates, Reagan vowed to stabilize and revive the American economy. Soon Congress approved Reagan’s tax cut legislation that allowed accelerated depreciation of investment properties.
Seizing a grand opportunity, investors bought up rental properties, new and used, all across America. To support the demand for new rental property, developers broke ground on new developments anywhere they could. Even with 12% interest rates, the math worked. The economy began to move again.
By 1986, however, after surviving an assassin’s bullet, Reagan seemingly lost the will to resist. He signed an amnesty bill, and also signed a tax bill reversing the 1981 accelerated depreciation schedules. The math no longer worked. Investors stopped buying new rental properties. Builders stopped building. Developers stopped developing.
Finally, builders and developers went bust, as did their lenders. Remember the Savings and Loan Associations?
An entire S&L industry, mutually-owned by private individuals, the only real competition to the Federal Reserve private banking system, went bust. Was that purposeful? Judge the results, friends. Was that criminal? S&L’s received no bailout, the banks did. What do you think?
In 1999, President Bill Clinton signed a bill passed largely by a Republican Congress, repealing vital banking regulations on the books since the Great Depression, regulations made law under the Glass-Steagall Act.
The repeal of Glass-Steagall deregulated the American banking industry, a monopoly since the S&L crisis, turning it into a veritable wild West, resulting in the financial crisis of 2008-9, which led to the American people going into debt to Wall Street banks, while bailing them out at the same time.
Ever since, the American and world economies have teetered on the brink of insolvency. Was that criminal? Where does the Constitution allow the government to capitalize private corporations?
So we should not be surprised to hear of a criminal investigation of our government. Our government is full of criminals.
In January of 2018, I published an article entitled, “U.S. Foreign Aid, the Real Purpose.”
In it you will see that foreign aid, using your hard-earned tax dollars, creates the means for a criminal “circle of loot.” D.C. politicians send your dollars to cooperating countries all around the world, but often do so on the expectation that their governments funnel portions back into the U.S., contributing, for example, to various tax-free foundations to support political purposes.
One such example would be Ukraine, set up with a puppet government by Barack Obama in 2014. Obama sent Ukraine billions of dollars. Ukraine politicians took their cuts, handing nice portions to bagmen like Hunter Biden, and laundered the rest back into the U.S. to fund leftist political purposes. Ever wonder how the Democrats always seem to have plenty of money? Is that criminal? You bet. You are catching on. Congratulations.
Although what I’m talking about here is just the tip of the iceberg, at least we see that Attorney General Barr is investigating a criminal case against certain government officials. Even though criminals using the U.S. government for private purposes is so rampant it can never be fully prosecuted, thankfully, this is a good start.
Hank Sullivan is a Forsyth County resident, businessman, author and speaker on American history, economics and geopolitics.