Tuesday, March 15, 2016

The Plot to Steal the Economy


I've written a couple of books and I've even co-written a movie script, but nothing I have ever written tells a story as diabolical as the one I'm going to tell you here. Let's pretend you are a socialist in training and you are looking to take over the economy, using government force and bureaucratic expansion as your weapons of choice.

How would you do it if you wanted to conceal your intentions? Well, it's already being done and here's how.

The first step in the economic takeover is to use taxpayer money, or taxpayer subsidies, to reward your crony friends through purchasing interests in PRIVATELY held businesses. How is this happening you ask?

The European Central Bank recently followed Japan's poor example and decided to expand its asset portfolio by purchasing corporate bonds. Take a moment to think about this. The European Central Bank is using its Euro-Zone monopoly power over money to buy stakes in non-government assets? How do they decide which businesses get to take part in this central bank largesse?

The opportunities for corruption and influence peddling here are myriad as government interference in the private economy typically ends poorly. They don't call Japan's decade of economic troubles the "lost decade" because it was a time marked by booming economic growth.

Whenever government tries to pick economic winners and losers, it usually picks the losers, while the political winners continue to get re-elected because their campaign coffers are filled with business lobbyists eager to get their snouts in the tax-payer-funded trough.

Click here to read the rest of the article at The Conservative Review
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Dan Bongino is the bestselling author of the book Life Inside the Bubble and now The Fight. He is a Contributing Editor at Conservative Review and was the 2012 and 2014 Republican nominee for the United States Senate and 6th congressional district in Maryland. Dan served for over a decade as a special agent in the United States Secret Service, and currently owns a security consulting business. 

You can follow Dan Bongino on his website, at Facebook or on Twitter.

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