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RED ALERT: The Total Takeover Of America Enters Its Final Phase !

  • This is sad but it is the true state of America. America is going to suffer what Argentina went through in 2001-2003. It is not going to look pretty. I suspect that it will be alot worse. Corporate fascism means oppression of the little guy. The sheeple are disposable when fascism sweeps through. Paul J Watson reports :
      
    Full frontal assault on every aspect of freedom kicks into high gear as the elite twist the knife into the rotting carcass of the United States
    The wholesale looting of America and the transfer of wealth and power over to a private banking elite who are setting up a world government, along with the complete obliteration of any remaining freedom to protest, resist, or even speak out against this agenda, is now entering its final phase as numerous different pieces of the jigsaw puzzle fall into place and portray a clear picture of tyranny.
     
    We are about to sound the death knell for the United States if every one of the following attacks on our liberty, free speech, sovereignty, and right to not be ruled over by an unelected banking dictatorship is not fiercely opposed and crushed.
     
    RED ALERT 1
    The passage of the “Climate Bill” by the House and its likely approval by the Senate represents the entrée for the complete and total subjugation of any freedoms we had left and the beginning of nightmare regulation and suffocating control over every aspect of our personal lives by millions of green stasi tasked with enforcing impossible to attain goals of 80% carbon dioxide reduction – all based on the manufactured threat of global warming. This bill will also sink the economy and create a new great depression, effectively obliterating America’s first world status. It represents a transfer of power and wealth from both the U.S. government and the American taxpayer over to the system of world government and global regulation now being erected by means of the climate change hoax. ……
    …..
    RED ALERT 2
    The seemingly endless economic “bailouts” represent the wholesale looting of the American taxpayer and the grand theft of trillions of dollars by private banking interests who refuse to even disclose where the money went.
     
    Not satisfied with stealing tens of trillions, under the Obama administration’s new regulatory reform plan, the Federal Reserve is now trying to enrich itself with dictator powers that will give it complete control over the U.S. economy, handing them the authority to “regulate” and shut down any company whose activity it believes could threaten the economy and the markets……..
    ……..
    RED ALERT 3
    Federal hate crimes legislation, which in reality would criminalize “thought crimes,” has cleared the House and now faces the Senate as S.909, the Matthew Shepard Hate Crimes Prevention Act (officially, the Local Law Enforcement Hate Crimes Prevention Act).
     
    S.909 is a direct violation of the First Amendment. It allows the federal government to prosecute people involved in “hate speech” transmitted over television, radio, and the internet. The House version of the bill states:
     
    “Whoever transmits in interstate or foreign commerce [radio, TV, internet] any communication, with the intent to coerce, intimidate, harass, or cause substantial emotional distress to a person, using electronic means to support severe, repeated, and hostile behavior, shall be fined under this title or imprisoned not more than two years, or both. (HR 1966, SEC 3, Sec. 881a)”
     
    In other words, if a talk show host engages in “hostile” speech against a person or persons of the above mentioned federally protected group that talk show host will face federal prosecution and the prospect of a two year prison term. …….
    ………
    RED ALERT 4
    The Senate bill S.787, otherwise known as the Clean Water Restoration Act (CWRA), would replace language in the regulatory act currently using “navigable waters” with “waters of the United States.”
     
    What this means is that “the government would essentially be able to regulate everything from standing water in floodplains to creeks that run behind business and residences,” according to an
    Environmental Leader report. This represents a complete takeover of private land and waterways by the federal government, a total assault on private property rights and a complete federalization of America’s land and water.
      ……..
    If this bill becomes law, it will empower the federal government to seize private property on a whim, using similar powers that Communist China employed during Chairman Mao’s “great leap forward,” where landowners had their property violently confiscated and stolen by the government.
     
    If this bill passes the Senate, private property rights in the United States are effectively null and void and the federal government would legally have the power to bulldoze families from their homes as routinely happens in Communist China.
     
    RED ALERT 5
    Amongst the myriad of assaults on the Second Amendment rights of American citizens undertaken by the Obama administration during the course of its first year in office, the one that stands out as the most alarming is the attempt to ban people who appear on the terrorist watch list from buying guns.
     
    But isn’t stopping terrorists from buying guns surely a sensible measure to take? The problem is that the terrorist watch list, sometimes called the no fly list, is not a list of likely terrorists, it is a sprawling database of of innocent people that contains the names of over one million Americans. This is a rise of 32% since 2007 alone.
       …..
    This represents a new end run around the Second Amendment and a concerted effort on behalf of the federal government to classify millions of innocent Americans as potential terrorists, thus stripping them of their Constitutional right to own firearms.
     
    RED ALERT 6
    Our right to protest against any of the egregious assaults on the Constitution that are listed above is itself being removed by new law enforcement and Pentagon training manuals and guidelines that define protesting as domestic terrorism.
     
    Current
    Department of Defense anti-terrorism training course material states that the exercise of First Amendment rights in the U.S. constitutes terrorist activity.
     
    Over the last few years we have documented countless examples of security assessment reports from the likes of the Department of Defense, the Department of Homeland Security and the FBI, as well as police training manuals, which state that anti-war protesters, gun owners, veterans, Ron Paul supporters and those who merely cite the Constitution should be equated with extremists and domestic terrorists.
     
    The fact that the government is now treating people who merely criticize its conduct as domestic terrorists is the clearest signal possible that the United States has entered a period in history similar to Germany in the early 1930’s and that it can only be a matter of time before the right “emergency” provides the justification for dissidents to be targeted for round-ups and mass imprisonment.
     
    No one can claim now that this is merely a paranoid delusion – the government itself is training its law enforcement and military arms that protesters and people who use their First Amendment rights are domestic terrorists. The last time this happened was under King George shortly before the American Revolution.
     
    ONE MINUTE TO MIDNIGHT
    If we don’t stand up in unison and exercise our right to protest and free speech now more than ever before, while pointing out that the real terrorists are those who would seek to destroy the freedoms enshrined in the Bill of Rights, then we may find ourselves doing our protesting behind the barbed wires and the concrete blocks of an internment camp.
     
    The hour is late, the clock stands at one minute to midnight, and the federal government, through all the examples documented above, is on the verge of implementing nothing less than a total environmental, financial and societal dictatorship and killing what once was the United States of America.
     
    Almost identical programs of total enslavement are also being pushed through in almost every other major western country at the same time.
     
    If we don’t stop obsessing about the minutia of life and actually concentrate on the imminent destruction of the very principles of our livelihoods, the bedrock freedoms that allow us to operate in relative comfort on a daily basis and be reasonably secure in our own homes, being able to pay our bills, put food on the table, earn money, and air our grievances when government threatens to impinge on those basic freedoms, then there will be nothing left but a rotten hollow carcass and a memory of what America once strived to be – land of the free, home of the brave – not land of the thief, home of the slave.

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June 30, 2009 Posted by | Economics, GeoPolitics | | Comments Off on RED ALERT: The Total Takeover Of America Enters Its Final Phase !

Banksters’ Takeover of America Almost Complete!

  • What is really happening to America? The country is plunging headlong into corporate fascism. Draw your own conclusions. Mike Whitney: A Bloodless Coup :
     
    The trouble started 24 months ago, but the origins of the financial crisis are still disputed. The problems did not begin with subprime loans, lax lending standards or shoddy ratings agencies. The meltdown can be traced back to the activities of the big banks and their enablers at the Federal Reserve. The Fed’s artificially low interest rates provided a subsidy for risky speculation while deregulation allowed financial institutions to increase leverage to perilous levels, creating trillions of dollars of credit backed by insufficient capital reserves. When two Bear Stearns hedge funds defaulted in July 2007, the process of turbo-charging profits through massive credit expansion flipped into reverse sending the financial system into a downward spiral which has just recently begun to decelerate. 
     
    It is inaccurate to call the current slump a “recession”, which suggests a mismatch between supply and demand that is part of the normal business cycle. In truth, the economy has stumbled into a multi-trillion dollar capital hole that was created by the reckless actions of the nation’s largest financial institutions. The banks blew up the system and now the country has slipped into a depression.
     
    Currently, the banks are lobbying congress to preserve the “financial innovations” which are at the heart of the crisis. These so-called innovations are, in fact, the instruments (derivatives) and processes (securitization) which help the banks achieve their main goal of avoiding reserve requirements. Securitization and derivatives are devices for concealing the build-up of leverage which is essential for increasing profits with as little capital as possible. If Congress fails to see through this ruse and re-regulate the system, the banks will inflate another bubble and destroy what little is left of the ailing economy.
     
    On June 22, 2009, Christopher Whalen, of Institutional Risk Analysis, appeared before the Senate Committee on Banking, Housing and Urban Affairs, and outlined the dangers of Over-The-Counter (OTC) derivatives. He pointed out that derivatives trading is hugely profitable and generates “supra-normal returns”  for banking giants JP Morgan, Goldman Sachs and other large derivatives dealers.  He also noted that, “the deliberate inefficiency of the OTC derivatives market results in a dedicated tax or subsidy meant to benefit one class of financial institutions, namely the largest OTC dealer banks, at the expense of other market participants.” Christopher Whalen:
         
    “Regulators who are supposed to protect the taxpayer from the costs of cleaning up these periodic loss events are so captive by the very industry they are charged by law to regulate as to be entirely ineffective….The views of the existing financial regulatory agencies and particularly the Federal Reserve Board and Treasury, should get no consideration from the Committee since the views of these agencies are largely duplicative of the views of JPM and the large OTC dealers.”
     
    Whalen’s complaint is heard frequently on the Internet where bloggers have blasted the cozy relationship between the Fed and the big banks. In fact, the Fed and Treasury are not only hostile towards regulation, they operate as the de facto policy arm of the banking establishment. This explains why Bernanke has underwritten the entire financial system with $12.8 trillion, while the broader economy languishes in economic quicksand. The Fed’s lavish gift amounts to a taxpayer-funded insurance policy for which no premia is paid. Whalen continues:
     
    “In my view, CDS (credit default swaps) contracts and complex structured assets are deceptive by design and beg the question as to whether a certain level of complexity is so speculative and reckless as to violate US securities and anti-fraud laws. That is, if an OTC derivative contract lacks a clear cash basis and cannot be valued by both parties to the transaction with the same degree of facility and transparency as cash market instruments, then the OTC contact should be treated as fraudulent and banned as a matter of law and regulation. Most CDS contracts and complex structured financial instruments fall into this category of deliberately fraudulent instruments for which no cash basis exists.”
     
    No one understands these instruments; they are deliberately opaque and impossible to price. they should be banned, but the Fed and Treasury continue to look the other way because they are in the thrall of the banks. Insiders call this phenomenon “regulatory capture”.
     
    Credit default swaps (CDS) are a particularly insidious invention. They were originally designed to protect against the possibility of bond going into default, but quickly morphed into a means for massive speculation which is virtually indistinguishable from casino-type gambling. CDS can be used to doll-up one’s credit rating, short the market or hedge against potential losses. CDS trading poses a clear danger to the financial system (The CDS market has mushroomed to $30 trillion industry) but the Fed and other regulators have largely ignored the activity because it is a cash cow for the banks.
     
    Whalen again:
     
    “It is important for the Committee to understand that the reform proposal from the Obama Administration regarding OTC derivatives is a canard; an attempt by the White House and the Treasury Department to leave in place the de facto monopoly over the OTC markets by the largest dealer banks led by JPM, GS and other institutions….
     
    The only beneficiaries of the current OTC market for derivatives are JPM, GS and the other large OTC dealers…. Without OTC derivatives, Bear Stearns, Lehman Brothers and AIG would never have failed, but without the excessive rents earned by JPM, GS and the remaining legacy OTC dealers, the largest banks cannot survive and must shrink dramatically.” (Statement by Christopher Whalen to the Committee on Banking, Housing and Urban Affairs, Subcommittee on Securities, Insurance, and Investment, United States Senate, June 22, 2009)
     
    The Geithner-Summers reform proposals are an utter fraud. They’re a meaningless public relations scam designed to conceal the fact that the banks will continue to maintain their stranglehold on OTC derivatives trading while circumventing government oversight. Nothing will change. Bernanke and Geithner’s primary objective is to preserve the ability of the banks to use complex instruments to enhance leverage and maximize profits.
     
    The banks created the financial crisis, and now they are its biggest beneficiaries. They don’t need to worry about risk, because Bernanke has assured them that they will be bailed out regardless of the cost. Financial institutions that have explicit government guarantees are able to get cheaper funding because lending to the bank is the same as lending to the state. And, so it goes. The underwriting of the banks with public resources changes the fundamental structure of the existing system. It’s the end of free markets and the beginning of state capitalism. 

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June 30, 2009 Posted by | Economics | , , | 5 Comments