I once had a favorable opinion of Paul Volcker, due to his assistance in the Reagan years in turning around the disaster of the Carter Depression, but in Mr. Volcker's declining years, he has been a part of the Obama robber barons who have looted the US Treasury, dumped those funds into the European cartel and is in the process of accomplishing three treasonous policies.
Policy 1 deals with Volcker strangling US banks in not allowing them to loan money in large quantities, and not allowing banks to be involved in profit ventures outside of banking.
The net result will as this blog exclusively noted in "Obama bank reform" turn all world finance over to European banks in the large profitable loans and American banks will only be allowed to finance marginal Joe the Plumber businesses.
Policy 2 deals with Volcker being a part of this theft of the American economy in saddling US business with welfare programs which are now national mandates in companies are responsible across the board for Obamacare.
For those who think this is wonderful, they have yet to visit history in it was Kennedy Care in unions which broke the US auto and steel industries sending them overseas or into bankruptcy. Obama and Volcker have just done to ALL US business which is now hemorrhaging multi billions in new taxes each quarter.
This will cause massive inflation as companies pass this Obama bill onto consumers.
Policy 3 in Volcker is what this blog warned in the Europeanization of American tax structure to scrape America to the bone.
This blog alone has noted that Obama Inc. is loyal only to the European finance cartel, and that is exactly where Paul Volcker is getting his marching orders as he is now demanding for a massive tax hike on Americans.
This is Volcker's beautiful quote:
White House adviser Paul Volcker said a value added tax and or energy related tax may become necessary to get entitlement costs under control.
This is most interesting the Obama Super Depression as there are no jobs, Obama is spending money like a whore with a dead john's credit cards, is putting American security in nuclear jeopardy, has massive debt in monetizing the US economy, and Volcker Obama's answer is to raise taxes on how America produces goods in fuel taxes and heating taxes or putting in a national sales tax which will stop consumers from buying goods to get the economy moving.
For the record, Volcker just set the groundwork which has been on a time table from Obama for a national tax system on top of all the other national taxes when Americans are already taxed. Volcker speaks about getting "entitlements" under control, but he doesn't do it by stopping the new spending. No Volcker does it by taking the last drops of blood from the American turnip.
This is criminal rapine of an economy and scandalous as Obama just passed a 2 trillion dollar spending spree on Obamacare, and here comes Volcker admitting that even more taxes are going to be charged to Americans to pay for it all.
This is why Paul Volcker and Barack Hussein Obama are literal traitors to America as they spent America into massive debt against the will of the people, and in plans which were laid out in a time table are now going to invoke a massive tax hike to "pay for it all", when if they had just stopped strangling the American economy, George W. Bush had this all fixed in January 2009 for 350 billion dollars.
The only thing worse in this are the asinine Obamalings in blogs still defending Obama rape of the US economy in thinking that there is going to be another day for some Republican to fix this.
There is not anything left to fix. Obama has dug up the corpse and Volcker is grinding the bones into fertilizer to sell. All that is left is a big empty hole in the ground.
There is only one term of this, and that is Volckercide.
agtG
Obama Volcker Strangling America by Tax
