We KNOW that our leaders don’t want us to know the truth.
For example (Dan Weintraub writes):
- We KNOW that the banks and the U.S. Government are presenting false information with regard to the solvency of financial institutions.
How do we know this? Simple. If banks had nothing to hide, than all assets would be marked to the marketplace and all banks and other financial institutions would optimistically adhere to GAAP. Instead, the banks have leveraged their influence by convincing the FASB (and Congress) to let them value their assets however they so choose—and to keep whatever assets they want to OFF of their books.
We KNOW that official claims that we have reached a “bottom” in the housing market are untrue.
How do we know this? Simple. If the housing market were healthy, and if the talk of recovery were true, then the FHA wouldn’t be offering blatantly unsustainable tax creditsto first-time home buyers. Nor would they be offering mortgage terms that replicate the sub-prime notes that were part-and-parcel of the initial meltdown that occurred last summer and fall.
- We KNOW that our leaders have no idea how we are going to extricate ourselves from this multi-trillion dollar tarpit of debt—the result of our “kick-a-buck” monetary policies.
How do we know this? Simple. Because when we ask, they refuse to talk about it. Ben Bernanke and Tim Geithner and Larry Summers and Bob Rubin have all made the statement that it would be a mistake to pull back on current QE policies in light of the weak economic conditions. But when asked about “exit strategies”, all of the aforementioned “experts” refuse to answer. (Bernanke even refuses to let us, the taxpayers, the ones on the hook for this whole thing, take a look at the FED’s books. Now, why would they refuse such a reasonable request?????)
It is indeed a sorry state of affairs when the only thing that the citizens of a nation can count on with utter certainty is that the government is working very hard to conceal the truth from its citizens about the increasingly desperate state of their economy. (Source)