Bailout by Stealth

James Corbett
The Corbett Report
September 30, 2008

The media is falling all over itself to report on every minutiae of the so-called Wall Street “bailout bill” and its rejection by Congress yesterday (just a few of the thousands of examples can be seen here and here and here and here). And why not? The media’s breathless coverage of the bill has produced a furious backlash by the public and hysteria on Wall Street in a self-justifying feedback loop that makes the media attention seem merited.

The startling truth which the controlled corporate media is not reporting, however, is that a bailout is actually taking place right now, completely out of the public spotlight. This program has already pumped trillions of dollars into Wall Street (compared to the mere $700 billion proposed in the legislation that the media is focusing on) to help prop up the faltering investment banks and promises to pump in even more, every dime of it to the detriment of the taxpayer though the public will have no stake in its success. Why, then, is this program not being talked about in the media?

Slipping under the radar last week amidst the hullabaloo in Washington over the bailout bill was this story noting that in the past week alone, the Federal Reserve had pumped an astonishing $188 billion per day into the system in the form of emergency credit. This means that in just four days, the Fed injected as much money into the system as the entire $700 billion bailout proposal. After the proposal was rejected, the Fed responded by immediately announcing it would pour another $630 billion into the global financial system.

The Federal Reserve, of course, is America’s central bank and although the above story conjures the reassuring image of a national bank lending out some of its vast reserves to help Wall Street weather the storm, the fact is that the Federal Reserve is not Federal and has doubtful reserves. In fact, the trillions of dollars that have been lent to the banks in the last few weeks were created out of nothing by the privately-owned Federal Reserve. When the Federal Reserve “lends” money to a bank through repurchase agreements (repos), credit auction or other method, it is not actually lending out money from its vaults. It is simply creating the money it “lends” out as electronic credits created in the recipient banks account. It is literally money out of thin air.

That the general public is on the hook for this money created out of nothing is not an exaggeration. It is paid for in a dimly-understood mechanism often known as the “inflation tax.”

Inflation is nothing more than an indication that the ratio of money to products that can be purchased with that money has been increased. Since the overall number of dollars has gone up without any corresponding increase in economic production (as happens when the Federal Reserve creates money out of thin air), the value of each individual dollar goes down. That means that the value of the money in each individuals’ bank account (not to mention their pension and social security dividends) can be reduced simply by the flick of a pen of a Federal Reserve paper-pusher. (Unless of course that individual just happens to be a billionaire investment mogul or a Vice President who can divest themselves of U.S. dollars in time for this inflation not to affect them.) This is sometimes known as an inflation tax because its overall effect is the same as if the government came in and took that value out of the individuals’ bank account. Watch Ron Paul explain the inflation tax in the video below:

The most insidious part of this inflation tax is that the inflation does not begin until the new money begins to circulate in the system. In other words, the first person (or, more likely, giant corporate conglomerate) to use the money receives its full value, while those at the bottom of the pyramid retrieve the diminished returns of a devaluing dollar.

Why, then, is the public not furious about this stealth bailout, now taking place at the blistering pace of nearly $1 trillion a week, and all to the taxpayer’s detriment? The obvious answer is that the media is not whipping the public into a frenzy about it, instead focusing its attention on a $700 billion program and allowing the public to feel like they scored a blow against Wall Street when the program gets rejected. If so, it’s time the public got wise to how the system is really being run by and for the benefit of private bankers and at the expense of the average taxpayer. Otherwise, the fleecing of the public will continue unabated even as the public thinks they’ve won the battle.

Source

Ron Paul on the Failed Bailout Vote

House votes against $700 billion rescue package

Ruth Mantell & Steve Gelsi
MarketWatch
September 29, 2008

WASHINGTON — House lawmakers voted 205 to 228 Monday against approving the historic $700 billion financial rescue plan, a sharp blow to the administration and bipartisan rallying efforts from leaders in Congress who warn that the country is on the brink of an economic precipice.

With elections approaching, some lawmakers — both Democrats and Republicans — may feel nervous about voting for a plan that risks so much taxpayer money and can’t promise success. But the president has lobbied hard to approve the plan, and U.S. officials also have stressed the dire consequences of taking no action.

Critics say the plan does not adequately address problems such as job losses and a distressed housing market that underlie current economic weakness. U.S. officials had hoped the plan would ease the credit crunch and restore confidence in the markets, even as markets plunged around the world. Those in favor of the rescue plan may have been trying to treat the most manageable symptom — a frozen credit market — if not the actual disease.

A vote in the Senate was expected Wednesday, and the president would have followed with a speedy signature.

Earlier Monday, doubt emerged over whether enough representatives would vote in favor of the plan and House Speaker Nancy Pelosi appealed to colleagues in the early afternoon, stressing that representatives will continue to monitor financial issues and pursue additional strategies. She said it’s imperative that the measure on the floor receives bipartisan support.

“That is the only message that will send a message of confidence to the markets,” Pelosi said.
Colleagues applauded after appeals for bipartisan agreement on the rescue plan from Rep. John Boehner, House minority leader, and Rep. Barney Frank, chairman of the financial-services committee.

The risk of not acting is much higher than the risk of acting, according to Boehner.
“I didn’t come here to vote for bills like this. Let me tell you this: I believe Congress has to act and that means each and everyone of use,” he said.

FULL ARTICLE

Source

GRAND THEFT AMERICA

FINANCIAL CRIME OF THE CENTURY

by Stephen Lendman

The crime of the century. The greatest one ever. Author Danny Schechter calls it “Plunder.” The title of his important new book on the subprime and overall financial crisis. Economist Michael Hudson and others refer to a kleptocracy. A Ponzi scheme writ large. Maybe an out-of-control Andromeda Strain. An economic one. Deadly. Unrecallable. Science fiction now real life. Potentially catastrophic. World governments trying to contain it. Trying everything but not sure what can work. Maybe only able to paper it over for short-term relief. Buy time but in the end vindicate the maxim that things that can’t go on forever, won’t.

The world as we know it is changing. Industrial capitalism. The entire global economic system. Interconnected. What affects one nation touches others. If the troubled country is America it reaches everywhere, and if the crisis is great enough, the disease may be fatal and human wreckage catastrophic. Precisely the current dilemma that world leaders and financial experts are scrambling to figure out. Desperate to contain, and not sure what, if anything, can work. How did this happen and why?

The result of unfettered capitalism’s fatal flaw – unbridled greed in a rigged system that rewards the few at the expense of most others. First an explanation of how it works. Free-wheeling, “free market” Chicago School fundamentalism the way economist Milton Friedman championed it in his 1962 book “Capitalism and Freedom” and taught it to students for decades. He believed that government’s sole function is “to protect our freedom both from (outside) enemies….and from our fellow-citizens.” Preserve law and order. Enforce private contracts. Protect private property and “foster competitive (unregulated) markets.” Everything else in public hands is “socialism….blasphemy.” Not to be tolerated.

He said “free markets” work best. Unfettered by rules, regulations, onerous taxes or any at all, trade barriers, entrenched interests, and human interference. That anything government does, business does better, so let it. That the best government is one that governs least. That public wealth should be in private hands. The accumulation of profits unrestrained. Corporate taxes abolished. Social services also, and that “economic freedom is an end to itself….and an indispensable means toward (achieving) political freedom.”

He called most all government interference a restriction of freedom. Opposed foreign aid. Subsidies. Import quotas and tariffs, and illicit drug laws for being a subsidy to organized crime, but he found no fault with major banks laundering their profits. He believed business should be unrestrained in maximizing them, even the illegal kind apparently.

He opposed the minimum wage and right of unions to bargain collectively on equal terms with management. He believed high wages and benefits harm everyone. They raise prices, and in the end, hurt workers as well as management. He called Social Security “The Biggest Ponzi Scheme on Earth,” even though it’s been the most effective poverty reduction program ever for millions of seniors who’d be desperate without it. Especially today given a deepening economic crisis. The nation’s social safety net disappearing, and heading everyone toward managing on his or her own. Dependent on their ingenuity, resources, and good fortune. Milton Friedman’s ideal world. For those who can’t make it, it’s their own fault. It’s everyone for him or herself in his judgment, and let the devil take the hindmost.

As for today’s largest ever unraveling Ponzi scheme, it’s just the workings of the “free market.” Creative destruction. “Freedom to choose.” The best of all possible worlds, and unfettered capitalism will figure out the right solutions. Provided government gets out of the way and gives it free reign. Free money also to wreck world economies and human lives even more than what’s already done.

The Chickens Are Home to Roost

Are they ever, and here’s what we’ve got. A global asset bubble. A predictable crisis allowed to build and mushroom. Begun after Chicago School economics took hold under Ronald Reagan. Continued under GHW Bush. Became religion under Bill Clinton, and ultimately fundamentalism under GW Bush.

The result – a “slow motion train wreck” gaining speed. Banks and other financial institutions failing globally. On September 25, the largest bank failure in US history with Washington Mutual’s collapse. Earlier it was giant insurer AIG. Before that Fannie Mae and Freddie Mac, Lehman Brothers, Bear Stearns, and Merrill Lynch a forced liquidation to Bank of America.

Others are now teetering on the edge. Strapped by toxic debt. The result of out-of-control greed for easy profits. Massive fraud to get them. Thinking they’re the best and brightest, and only mere mortals mess up. Knowing Fed moral hazard will cushion them if they do. True for some. Not for others, and learning that the Federal Reserve (the world’s key central bank) failed in its primary job. To protect the country’s financial system from insolvency. By contributing to a financial crisis and one of confidence. By creating near-limitless amounts of capital. Fueling a housing bubble. Outsized consumer debt, and irresponsible investments free from government oversight. Fraudulent ones involving multi-trillions of dollars.

Partnering with government to make it easy. Risking a global economic meltdown as a result. Scrambling to find solutions. Unsure if there are any. The present crisis is unparalled. Maybe it can be fixed, and maybe not. The problem is multi-fold. A perfect storm involving:

– residential housing;

– commercial real estate;

– consumer over-indebtedness;

– unknown amounts of toxic debt (in the multi-trillions);

– affecting world finance and economies;

– causing bankruptcies;

– many more will follow;

– selected ones bailed out;

– the entire system endangered;

– consumer money market, bank accounts and private pension funds as well; government backing is needed to protect them; there’s not enough money to do it; and

– the contagion is spreading; threatening world economies and people everywhere.

This time is really different. A $700 billion bailout (called the Emergency Economic Stabilization Act of 2008 – EESA) is just a down payment. Trillions will be needed in the end. Other nations contributing to help. The problems are deeper and more intractable than anyone expected. Before this ends, unimaginable amounts of capital will be written off. Too much to even contemplate. Bad investments contaminating good ones. Threatening world financial structures with paralysis. Severe economic damage to their economies as a result.

Eroding industrial capitalism as we know it. At best managing a short-term fix and delaying a final denouement for a later time. Under new management with the current and past ones claiming no responsibility. And unmindful of millions of homeowners facing foreclosure and bankruptcy. One in ten currently behind in their payments. Others losing their jobs and way of life. They’re the most vulnerable. Least able to cope, and for some their ability to survive.

According to The New York Times, here’s how the Paulson scheme helps them: “it requires the government to use its new role as owner of distressed mortgage-backed securities to make ‘more aggressive’ efforts to prevent home foreclosures.” Weasel words. No specifics. No assurances, and nothing apparently for homeowners already in foreclosure.

On September 22, ahead of the announced agreement, American Research Group (ASG) published its latest public sentiment poll results, and they were stunning. At 19%, George Bush scored lowest ever for a US president, surpassing Harry Truman at the depth of the Korean War and Richard Nixon during Watergate. It came at a time ASG’s results showed 82% of Americans believe the economy is getting worse, and only 17% approve of how Bush is handling it. Among registered voters, the number is 18% at a time no one surveyed (zero percent) said the economy is improving and 68% say it’s in recession. True or false, it’s how they feel. How the crisis affects them, and that’s what counts most.

Yet on September 24, the president addressed the nation audaciously. Callously dismissing public pain and anger. Deceitfully stating outright lies. A typical performance. Demanded that Congress give the treasury secretary carte blanche authority over $700 billion to address “a serious financial crisis.” Asked taxpayers to pay for corporate fraud. Reward criminals and ignore their crimes. Said nothing about the root cause. The effect on ordinary people, or how Paulson’s scheme will help them. Ignored growing public opposition. Large numbers of credible observers believing the proposed solution is worse than the problem. The most honest of them saying it will enrich fraudsters and offer no help for homeowners.

Yet Bush concluded that “democratic capitalism (is the) best system the world has ever devised” in spite of clear evidence that it’s broken and corrupted. Exploits people for profit. Enriches the few at the expense of the many. Rewards criminals for their crimes. Protects the rich from beneficial social change.

Ahead of the president’s address on September 24, The New York Times showed a rare display of candor in a critical Timothy Egan opinion piece. About “nearly nationalizing the banking system and giving the treasury secretary more power than a king….whose decisions may not be reviewed by any court of law or any administrative agency.” He asked readers to remember “where the biggest heist took place, and how Wall Street dragged down the rest of the country once before,” referring to the Great Depression but leaving out everything in between.

He stressed, however, “how Wall Street brought down main street,” and things have now come full circle. Deregulation unleashed casino capitalism, and bankers made a killing. Now they’re in trouble and Bush demands “the biggest bailout in American history….or the world will crumble. He said the a similar thing in the run-up to war” so who can believe him now. Egan quotes a dirt farmer asking why not the same “concerns (for) average Americans.” Because “we the people” Bush speaks for are them, not us.

As for Paulson’s plan, here’s what the Financial Times writer Martin Wolf said on September 23. He called it “not a true solution to the crisis.” It doesn’t address the “fundamental problem.” It’s “neither a necessary nor an efficient solution. It is not necessary because the (Fed can) manage illiquidity through its many lender-of-last resort operations. It is not efficient because it can only deal with insolvency by buying bad assets (overpriced junk) at far above their true value, thereby guaranteeing big losses for taxpayers and providing an open-ended bail-out to the most irresponsible investors.”

Wolf also objects to Paulson getting unchecked powers. Providing little or no help to the poor and “ill-informed” (read duped) borrowers, and lists other operational suggestions “essential for the long-run health of any financial system” without needing “a penny of public money.” Among them, forcing creditors to take losses and not taxpayers.

Unmentioned in his article is the underlying fraud behind the crisis and a lack of regulatory oversight that made it easy. Also, omitted was what’s covered in the section below.

The 1937 Housing Act’s Empowering Section 8 Authority

One Section 8 sentence provided the basis for the treasury secretary’s empowerment. It reads:

“Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administration agency.”

In other words, unchallengeable czarist powers. In contrast to the 1930s Reconstruction Finance Corporation’s (RFC) closely supervised operations. That era’s Home Owners’ Loan Corporation (HOLC) that refinanced homes to prevent foreclosures. And the 1980s Resolution Trust Corporation (RTC) mandate to liquidate assets from failed S & Ls. Not dispense free money for bad investments unchecked. The above authorities subject to judicial review. Not governed by a financial boss to run as he pleased.

The Announced “Bailout” Deal – The Emergency Stabilization Act of 2008 (ESA)

According to The New York Times, EESA calls for “strict oversight of the program by a Congressional panel and conflict-of-interest rules for firms hired by the Treasury to help run the program.” Also “a change in the bankruptcy laws sought by some Democrats to give judges the authority to modify the terms of first mortgages.”

Given the bipartisan blame for today’s crisis. The post-9/11 willingness to give the administration near-carte blanche authority across the board. Eight years of indifference to social needs and public welfare. Who now believes that policy going forward will change and that the agreed-on scheme will protect people or curb the secretary’s authority. On his own initiative, George Bush usurped supreme power post-9/11 while few in Congress blanched. None in leadership positions. Little today has changed.

Disclaimers notwithstanding from both sides of the aisle, Wall Street is pleased. Paulson got what he wanted. The plan’s fine print will assure it. Public money. Far more, if needed, than $700 billion. The power to dispense it freely. With weak at best oversight and judicial review, and the ability to conceal fraud and malfeasance. In short, the between-the-lines meaning of Paulson saying: “We have made great progress toward a deal, which will work and be effective in the marketplace.”

The same one that fleeced the nation and betrayed the public trust. Now empowered to take more with the full faith and blessing of the government from both sides of the aisle. Belying George Bush’s insult that “The rescue effort….is not aimed at Wall Street; it is aimed at your street.” And Nancy Pelosi’s hypocrisy that: “All of this was done in a way to insulate Main Street and everyday Americans from the crisis on Wall Street….I want to congratulate all of the negotiators for the great work they have done.” Who in banker boardrooms would disagree.

Some Relevant Facts

Clearly the present crisis is unprecedented. As stated above, maybe it can be fixed and maybe not. No one is sure because no one understands it fully. Where all the problems lie. To what degree can they be contained. How great their fallout may be. Their full effect on world economies. How bad things may get before they stabilize and improve, and the way the world will look like when they do.

Whatever’s coming, industrial capitalism is eroding. A kleptocracy replaced it. If the system is saved, it will be temporary, and an even greater one will emerge. Why this article is called Grand Theft America. A criminal class runs it, and they’re rewarded for their crimes. Backed by the full faith and credit of the government with taxpayer money. A near-limitless amount created and borrowed. Who said crime doesn’t pay!

For over 30 years, an unimaginable wealth transfer to the rich has been ongoing. To the top 1% and corporate America from most others. It proves the failure of a system that rewards the few at the expense of the many. Licenses greed and creates this kind of global financial crisis so far uncontained. It begs the questions: what caused it and what’s the fallout:

– the ruinous effects of militarization; insane amounts of spending on it; “military Keynesianism;” believing capitalism thrives on foreign wars; “Global Wars on Terrorism” currently; their costs are unsustainable and are heading the nation toward bankruptcy;

– the drain on an already weakened economy;

– maxed out consumers now debt slaves;

– so is government from unrepayable obligations in the tens of trillions; not the fictitious “official” reported numbers;

– the possibility of future default; hyperinflation; national bankruptcy, and the demise of the republic;

– human default as well: mass bankruptcies; home foreclosures; rising unemployment; increased poverty; and growing numbers of families unable to survive;

– the subprime crisis is just part of it; seven million mortgages sold to the unwary; the idea was to criminally defraud them; offer two-year teaser rates; then reset them higher semi-annually based on an interest rate benchmark; payments soared as much as 30% and became unaffordable; the scheme was to cash in at the expense of mortgage holders, and five million risk losing their homes and life savings;

– an “economic Pearl Harbor” for Warren Buffett; for Senator Chris Dodd a “50-state Katrina;” a “house of cards (built on) reckless finance” for author Kevin Phillips; Frankenstein finance; casino capitalism; for most Americans, a human catastrophe;

– the demise of our manufacturing base; letting malls replace factories as the economy’s engine;

– permitting the financialization of the economy; speculative finance writ large; replacing productive investment; totally deregulated; run by fraudsters; free from government oversight; letting investment banks game the system at up to 40 to 1 leverage; until 2004, 12 to 1 was the maximum;

– a government – business conspiracy for global dominance and the single-minded pursuit of profit; unfettered amounts of it through cleverly manipulated schemes; transferring multi-trillions of dollars from workers to the most wealthy; doing it without people even noticing;

– creative destruction to let giant businesses grow larger by removing and devouring smaller ones; even large ones;

– permitting and/or ignoring massive fraud; involving multi-trillions of dollars; the largest ever Ponzi scheme; a calculated crime with media complicity through silence; not reporting a growing problem as it emerged; waiting until it mushroomed and still not explaining it accurately and honestly; and

– wondering won if the best and brightest can fix things or if no amount of money or ingenuity can do it.

The Plan’s Architect – Henry Paulson

From a Nixon administration staff assistant to the assistant secretary of defense. To assistant to key Watergate official John Erlichman. To Goldman Sachs in 1974. To a partnership in the firm in 1982. Then Chief Operation Officer (COO) in 1994 and CEO in 1998 by a palace coup against co-chairman and now New Jersey governor Jon Corzine, according to New York Times columnist Floyd Norris.

Even before the current crisis, Goldman was the preeminent Wall Street firm. A survivor. The largest, and along with Morgan Stanley, the remaining two Street giants left standing. But no longer as investment banks after the Federal Reserve’s September 21 announcement that both companies will become bank holding companies after a mandatory five-day waiting period, now over.

In theory, they’ll be under stricter Fed oversight but will get Fed help to complete their transition and thereafter. As a well-connected financial powerhouse, whatever Goldman wants, Goldman gets. Always in the past by recycling top executives into Democrat and Republican administrations, and now more than ever given Henry Paulson’s extraordinary financial czar powers.

Before his $700 billion giveaway plan, the 2008 Housing and Economic Recovery Act gave him authority to fleece taxpayers by rescuing Fannie Mae and Freddie Mac as well as raise the national debt by over $5 trillion dollars. He also orchestrated the demise of Bear Stearns, Lehman Brothers and Washington Mutual. The forced sale of Merrill Lynch, and arranged the government takeover of AIG.

He has near-open checkbook authority to reward close allies with loans and free money and let them acquire troubled assets on the cheap. This from a man with much responsibility for today’s crisis. A June 12, 2006 Business Week cover story titled “Mr. Risk Goes to Washington” called him “one of the key architects of a more daring Wall Street, where securities firms are taking greater and greater chances in their pursuit of profits.” Such as assuming huge amounts of debt and “placing big bets (with their own money) on all sorts of exotic derivatives and other securities.” Advising clients to do the same. Casino capitalism at up to 40 to one leverage. Hugely profitable in up markets. Disastrous in down ones.

Paulson earned millions and now has an estimated $700 million + net worth. For 2007 overall, according to Bloomberg.com, “Wall Street’s five biggest firms (paid out) a record $39 billion in bonuses (and did it in) a year when three of the companies suffered the worst quarterly losses in their history and shareholders lost more than $80 billion.”

Speculative finance pays well, even in down years, and it even raised Bloomberg’s ire in a Michael Lewis September 24 commentary titled “America Must Rescue the Bonuses at Goldman Sachs.” It reflected on a possible global financial collapse but sacrificing Goldman bonuses is another matter. If firm “employees (take) pay cut(s), it will be (tantamount to failure and) our country may never recover.” How will the company induce new talent to come aboard. Goldman is well-positioned to get maximum gain from its former CEO’s $700 billion handout.

Why else would Warren Buffett bet $5 billion on the firm! For preferred shares paying an annual 10% dividend. Warrants as well to buy $5 billion in common stock at a $115 a share strike price. Well off its $251 peak and below the latest September 26 $138 a share.

Joseph Stiglitz on the Economy

Stiglitz was formerly part of the system he now criticizes. Free market fundamentalism in its most extreme form. For many months, he warned about a worsening global economy and growing financial crisis that’s as bad or worse than the Great Depression.

He sees similar problems now as then:

– outsized speculation through excessive leverage;

– pyramid schemes;

– multiple bubbles through so-called Wall Street innovations; and

– a lack of transparency and government oversight.

Combined they created a crisis “so great that no one knows exactly the magnitude of the risk they face. It is particularly bad because our financial institutions are based on trust. You put money in the bank and you trust that you can get (it) out, so trust is absolutely essential for the functioning of our financial markets and economy.”

The problem is exacerbated by those providing the news. The dominant media and frequent spokespeople. Industry representatives like Lehman Brothers CEO saying last April that “we turned the corner, and the economy is on the uptick.” Also from the president, treasury secretary and others in government as things keep worsening.

Stiglitz calls this a “top down crisis.” The “$3 trillion cost” of foreign wars a key. Creating huge deficits and consuming vital resources needed for growth. “This is the first war in American history that has been totally financed on the credit card. For the last five years….we have been a debt economy.” Not since the Revolutionary War have “we have had to turn to foreigners,” so now “40% of our national debt is financed by (them). Even as we went (to war) we had a big deficit, and yet the president called for tax cuts for upper middle class Americans.” Insane but we did it.

Another factor is other countries trusting that our economy is working well, and when the president says it is he’s believable. “This administration burned that trust….no wonder everybody around the world is losing confidence.” Even worse is that the administration isn’t dealing responsibly with these problems, mostly because they’re of our own making.

Stiglitz worries about the “real economy:” home prices dropping; owners forced into foreclosure; more financial firms in crisis; and a good many won’t survive. He sees a weakening financial system unable or unwilling “to provide credit (the lifeblood of the economy for) loans, mortgages,” and that means lower home prices, contracting businesses, rising unemployment, and a “downward vicious cycle. You have to be in fantasy land to say that everything is fine (or even) that we have turned the corner.” He sees at least another 18 months of pain. Maybe longer. Who can know or how much.

For sure, real economic stimulus is needed. Productive investment. Not the phony “bailout” kind proposed. Aiding state and local governments. Better unemployment insurance and more for infrastructure. Providing a basis for long-term growth. Not feeding markets and starving the hungry, as one writer put it. Not believing markets on their own will fix things.

Understanding that government must intervene. Responsibly. Facilitate job creation. End casino capitalism. Provide incentives for real economic growth. Let foreclosed and threatened homeowners stay in their homes. Work out an equitable way to do it. “We learned a painful lesson in the 1930s and today: The invisible hand often seems invisible because it’s not there.” It led to the kind of predicament now confronting the country. The solutions proposed will just compound it.

Ones that Can Fix It

Good ones not considered. From figures like Dean Baker of the Center for Economic and Policy Research. Others as well with solid advice to:

– make fraudsters eat the bulk of their losses;

– use public funds only “to sustain the orderly operation of the financial system;”

– minimize speculative finance; the root of the current problem;

– “minimize moral hazard” – the Paulson (and Bernanke) “put” picking up where Greenspan left off;

– let delinquent homeowners stay in their homes and pay rent;

– curtail executive compensation for companies getting government aid;

– make a key Fed responsibility the prevention of asset bubbles; reinstitute regulations to do it; Glass-Steagall for starters that prohibited commercial and investment banks and insurance companies from combining;

– impose a modest financial transactions tax to curb excesses and raise revenue;

– trade assets, like credit default swaps, openly on exchanges to establish fair value for them;

– impose strict limits on leverage;

– keep Fannie and Freddie public institutions; their status before being privatized in 1968; and

– restructure the Fed democratically; a far better solution is abolish it and let government control its own money; use it responsibly for all Americans, not just the privileged few.

Other recommendations recognize no quick or easy solutions to problems this great. Economist James Galbraith says borrowers need collateral. A new Home Owners Loan Corporation to rewrite mortgages. Manage rental conversions, and decide what degraded properties should be demolished. Which ones to save and refurbish. Set it up in communities under federal guidelines and do it quickly. Help state and local governments strapped for cash. Reestablish federal revenue sharing. A National Infrastructure Bank making capital available for infrastructure. Put people to work building it. Protect seniors and near-retirees from wealth loss. Extra Social Security, Medicare and Medicaid revenue will help. Get money in the hands of people who’ll spend it.

Address other crucial issues like energy conservation, reconstruction and renewable power. Infrastructure overall. Tuition help for students. Another GI bill. Credit card and mortgage interest rate caps. Rescind anti-consumist laws like the misnamed 2005 Bankruptcy Abuse Prevention and Consumer Protection Act. A boon for credit card companies and other businesses. Unfairly burdensome to the public.

A whole range of other projects and ideas to redirect the economy away from speculative finance and militarism and toward high-return public investment. Do it before it’s too late. Recognize that the present course is unsustainable. Imagine a government working for everyone and not just the privileged few. Imagine it not tolerating fraud and malfeasance.

Instead, Congress agreed to a “bailout” and passed a record $634 billion omnibus spending bill (to run the government through March 6, 2009) to include a record Pentagon budget; $25 billion in low-interest auto industry loans; maybe with no provision for repayment; lifting a quarter-century ban on Atlantic and Pacific off-shore drilling; billions more in earmarked pork; and likely more coming later for the airlines and other endangered companies. Taxpayers for Common Sense criticized the bill at the same time it noted that government “bailout” appropriations will reach about $1.2 trillion with the $700 billion Paulson scheme. Others put the total above $1.5 trillion, and many say it’s only for starters.

Paying “hold-to-maturity” prices compounds the fraud. For securitized assets worth a fraction of full value. Much of it pennies on the dollar, if anything. Trillions of dollars of toxic ones. All sorts of them. Newly invented ones. Structured finance and insurance. Asset-backed securities. Repackaged into marketable pools. Sold to investors. It’s been done for decades but only recently so out of hand. Greed and deregulation created an alphabet soup of levered-up, high-risk securitized assets. Financial alchemy. Largely outright fraud, including:

– collateralized debt obligations (CDOs), including auto loans, credit and corporate debt;

– collateralized (asset-backed home) mortgage obligations (CMOs);

– commercial mortgage-backed securities (CMBS);

– mortgage-backed securities (MBS) and levered loans;

– structured investment vehicles (SIVs);

– special purpose vehicles (SPVs);

– pass-through securities;

– credit and interest rate default swaps;

– commercial paper and more;

– repackaged arcane stuff most people don’t understand; even investors who bought them; like eating a stew with no idea what’s in it; a recipe with no list of ingredients; learning too late it’s toxic and you’re in trouble;

Credit card companies as well from growing amounts of unrepayable credit card debt. The auto industry already assured of a low-interest $25 billion loan (or maybe handout) for starters. Airlines coming next. Select homebuilders and troubled companies called too big to fail. If they’re too big to fail, says one observer, they’re too big to exist.

EESA will give the treasury secretary near-carte blanche powers to conceal fraud and help the fraudsters, including his former company, Goldman Sachs, now in trouble. Pick and choose among others. Which will survive, and what less favored ones will go on the block at fire sale prices or disappear. Today there are 9000 banks in the country. In a decade, half or more of them may be gone.

Economist Michael Hudson calls EESA “cash for trash” and a “giveaway,” not a bailout. A “transfer of wealth to insiders.” A financial coup d’etat. The “largest and most inequitable (kind) since the (19th century) land giveaways to the railroad barons.”

In this case, socializing losses to let fraudsters “sell out all their bad bets.” Junk of all sorts: a stew of securitized assets, bad mortgages, car loans, credit card loans, student loans, anything for insiders stuck with too much of them.

A doomed scheme that will raise the debt level instead of lowering it. Enrich fraudsters with taxpayer funds. Stick the public with toxic junk. Maybe buy time before more people and markets catch on, but, in the end, cripple the economy and erode industrial capitalism with it.

Hudson is justifiably angry given the amount of fraud and deceit. The government-concocted scheme to whitewash it. Reward criminals. Harm most others, and wreck the country at the same time. He says a “kleptocratic class has taken over the economy to replace industrial capitalism….’banksers’ ” for FDR and earlier condemned by Jefferson with this stinging comment:

“I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.”

A half century later Lincoln said:

“I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country….corporations (including bankers) have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed.”

Lincoln refused to pay bankers usurious rates to finance the Civil War and got Congress to pass the 1862 Legal Tender Act. It empowered the US Treasury to issue “greenbacks” that were interest-free because government printed its own money. When Lincoln was assassinated in 1865, the “Greenback Law” was rescinded. A new national banking act was passed, and the government once again had to pay interest to bankers.

On June 4, 1963, President Kennedy issued executive order (EO) 11110 giving the president authority to issue currency. He ordered the treasury to begin printing “United States (Treasury) Notes” to replace “Federal Reserve Notes.” He began a process to let government control its own money and no longer private bankers under the guise of the Federal Reserve. Months later, Kennedy was assassinated. Once Lyndon Johnson took office, he rescinded EO 11110 and reestablished the current system. More on that below.

The Two Greatest Ever Financial Crimes – Today’s Fraud and the 1913 Federal Reserve Act’s Privatization of Money Creation

Most people think the Federal Reserve is a government agency, subject to its control. It’s sometimes mistakenly called a quasi-governmental decentralized central bank to disguise its real identity and purpose. Its Eccles building headquarters compounds the subterfuge. Below it’s stripped away.

The Federal Reserve is a private for-profit banking cartel. Owned and run by major banks and Wall Street in each of its 12 Districts. It was created and operates in violation of Article 1, Section 8 of the Constitution that states that Congress alone shall have the power to create money and regulate its value. In 1935, the Supreme Court ruled that Congress cannot constitutionally delegate this power to another authority, but, in fact it did.

On December 22, 1913, between 1:30 – 4:30 AM, the Federal Reserve Act was shepherded through a special Congressional Conference Committee. Then voted on and passed the next day. Two days before Christmas with many members gone and most others with no time to read or consider this momentous document.

By enacting this law, Congress and President Woodrow Wilson defrauded the public. Wilson later said (when it was too late to matter) he made a mistake and “unwittingly ruined my country.” This from a man who was an intellect. Trained in the law. A PhD in political science and president of Princeton University in his earlier years.

The Federal Reserve Act gives private bankers the most important of all powers. The one most of all that governments should never relinquish. The authority to print money. Control its supply. Its price through the Fed Funds rate and how it influences the whole yield curve. Loan it out for profit, and charge government interest on its own money. It’s later returned minus operating expenses and a guaranteed 6% profit. Taxpayers foot the bill. An early and continuing example of wealth transfer from the public to powerful bankers. Illegally sanctioned by Congress and the president.

The Fed literally creates money out of nothing. Expands or contracts its supply as it wishes – with no government oversight or control. Gold once backed it until Nixon closed the gold window in August 1971. Suspended dollar convertibility into the metal, and ended compliance with the Bretton Woods core provision. The US dollar became fiat currency. Mere paper. Backed by nothing except the faith of the issuing authority.

Given today’s crisis, that faith is fast eroding and is to blame for dollar weakness. Mostly because of profligate policies by private bankers running the country’s monetary policy for their own gain. The grandest of grand thefts along with today’s all-consuming fraud. Backed by the full faith and credit of the government, and up to now at least, with most people none the wiser.

A Growing Public Response to the Crisis

For how long is the question given growing public anger and people expressing it publicly. It has administration officials worried enough to order what Michel Chossudovsky wrote in his September 26 article titled “Pre-election Militarization of the North American Homeland.”

He cites an Army Times article saying that the 3rd Infantry’s 1st Brigade Combat Team is coming home (in October) from Iraq as (according to the Times) “an on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks.” Perhaps with a manufactured incident as pretext. To defend the homeland against ourselves. Be deployed against dissent. Erupting public anger. On city streets like in Denver and St. Paul. Displaying civil disobedience. Defiance against fraud, deceit, illegal foreign wars, and nearly eight intolerable years under George Bush and a complicit Congress. Capped by the current financial crisis touching everyone while government rewards crime and hangs its victims out to dry.

The 3rd Infantry’s 1st Brigade is for combat. It’s not the National Guard or local police. It’s trained for war. “Equipped to kill people” with potent weapons, and a last hurrah scheme may be planned to divert public attention from the financial crisis. A “terrorist” attack with “chemical, biological” or other dangerous weapons. A possible pretext for martial law at a time the administration and Congress are vulnerable. When people are angry about Washington protecting the privileged. Partnering with them in crime. Defrauding the public and stifling dissent. Moving one step closer to tyranny and away from silly notions about democracy. Proving crime indeed does pay and awfully well on Wall Street. “It’s the economy, stupid.” Theirs, not ours.

Source: Globalresearch.ca

A Dark Day For America…

Financial Dictatorship Coming to a

Government Near You

The ultimate outcome for a corruption driven lobbyist in Washington, D.C. is the complete severance of citizen control over their masters. The psychology that one person, or group, or branch of government in control can solve problems is the definition of dictatorship. After 40 years, I can still look my fellow revolutionaries in the eye and say once again, “You can’t change the system from within, it will only corrupt you.”

Giving the Executive branch the discretionary power over the fate of 100 million American home owners is a fundamental change in government. This is not just about bailing out Wall Street, or more government power over the private sector, it is about the Executive given more power to control Americans directly. Giving the government direct financial power over you eliminates the “separation of powers” between public and private financial institutions. Good if your party is in power, disastrous if not. Who will you vote for, someone who will foreclose on you or bail you out? Someone who will give you a lifeline of credit or cut you off?

Recently, congress passed a war act bill giving the president unbridled war powers, V.P. Dick Cheney challenged the balance of powers between the branches of government, the president marked up thousands of congressional bills to only enforce what the executive wanted to do, and now the treasury is given absolute power over who gets bailed out and who fails in the private sector.

The final outcome of a representative form of government that consolidates power in one city, paid for by corrupt special interests, using financial debt as a weapon of mass destruction against her own people is failure.

This is a dark day for America and the world.

Robert Artusy

Source

Bailout just another Rothschild Ruse

IS THE BAILOUT A ROTHSCHILD TRICK?
By Brother Nathanael Kapner, Copyright 2008

THERE IS NO SUCH THING AS MONEY that does not cost anything. Many are claiming that this is the cause of the current financial crisis. But this is just a cover for the real problem, or rather, a cover for the real culprits behind the crisis.

Money does cost something especially when it is created out of thin air by the Zionist Jews who own & run the Federal Reserve Bank. A simple book-entry is all that is needed when the Fed provides George Bush with an interest-bearing loan to pay for his wars. But it costs the tax payers’ hard earned dollars to pay off the debt PLUS the interest on the Fed’s created money.

The Rothschilds, who are Zionist Jews, are the principal owners of the Federal Reserve Bank. The Rothschild trick is that there is no real money in the system, no goods that they provide, only debts with compounded interest – chargeable to the ‘dumb goyim’ US taxpayers.

Yes. The US taxpayers are the ones IN DEBT due to the bankrupt US government’s spending. And the ‘dumb goyim’ are in debt to Zionist Jews. Which Zionist Jews in particular? The Rothschilds, the Jews on the Fed’s Board of Governors, and the rest of their synagogue buddies at Goldman Sachs (Lloyd Blankfein), Washington Mutual (Alan Fishman), and AIG (Martin Feldstein).

Some are blaming the mortgage lenders, legislators, and investment bankers for the current crisis. This is a Rothschild lie spun to perfection by the Jewish occupied press. But the ones behind the lie are the culprits — the Rothschilds, their stooge, Ben Shalom Bernanke, & their propaganda arm, the Jewish occupied mainstream press.

THE DEBTOR LENDS TO ANOTHER DEBTOR

“WE ARE HEADED FOR A FINANCIAL MELTDOWN,” said Senator Christopher Dodd, Chairman of the Senate Banking Committee, in an interview with Good Morning America on September 19 2008.

Yet Dodd deems it necessary to bail out the offenders, Goldman Sachs & Morgan Stanley, who are leading all the wealthy beggar-bankers. America is bankrupt. How then does a bankrupt entity pay off the debts of other bankrupt entities?

The Paulson-Bernanke Zionist bailout plan is nothing less than letting Jewish criminals go free while US taxpayers go deeper into debt. The Jews get the assets — the US taxpayers get higher inflation and more financial stress.

The shadow government operating behind the scenes of America is an elitist cabal of Jewish banksters headquartered in London. This shadow government, run by Jacob Rothschild and his son & heir, Nathaniel Rothschild, has no code of ethics, no moral compass, no Christian sensibilities, and certainly, no loyalties but to worldwide Jewry.

Ron Paul has got his finger right on the aorta of the problem. In his proposed bill, HR 2755, Congressman Ron Paul seeks to “abolish the Board of Governors [mostly Jews] of the Federal Reserve System.” This would have made Ron Paul subject to an assassination attempt had he been allowed by the Jewish occupied press to be a candidate for the US presidency.

We are now under economic martial law. Paulson & the Jew, Bernanke, want free reign without any oversight and controls on their bailout of the criminal Jewish bankers and their bosses, Jacob & Nathaniel Rothschild.

Do We Wish To Remain A Sovereign Nation
& Not Allow The Zionist Jewish Bankers To Rule Us?
Then The Federal Reserve Bank Must Be Abolished!

___________________________________


For More See: “How The Rothschild Dynasty Operates” Click Here

And: “Federal Reserve Jews Control America!” Click Here

And: “Will Jew-Owned Fed Reserve Bank Kill Ron Paul?” Click Here

And: “Federal Reserve: A Private Jew Bank Strangling America!” Click Here

And: “The Dollar Drops – The ‘Amero’ Cometh?” Click Here


CLICK: Brother Nathanael! Street Evangelist!
Please Help Support This Site! (Many Expenses)

Or Send Your Contribution To:
Brother Nathanael Kapner
PO Box 1242
Frisco CO 80443
Email: bronathanael@yahoo.com

UPDATE: U.S. Congress under MARTIAL LAW!

Rep. Michael Burgess from Texas has so stated that Martial Law was declared by the Speaker of the House as of last night. According to some on YouTube this is actually “congressional” martial law, however, I seriously doubt that it makes no difference since the troops arrive on American streets this coming Wednesday, Oct. 1.

Martial Law has been declared. Listen how the representative who represents 820,000 North Texans say how no one was allowed to review the bill and how it is under secrecy. As a result of the passing of this illegal bill to bailout Wallstreet, the United States will experience Hyper-inflation and the economy will collapse resulting in a transition currency and economic environment to a new one to save us. This transformation will require martial law to insure its survival, according to the bill.

Update:

From Daily Newscaster, here is the PDF of the Bailout Proposal Discussion Draft.

Infowars reports that Congress has been under Martial Law since last Saturday night, Sept. 27, 2008.

From a MySpace friend:

The following definition of Martial Law for Congress came from
http://www.cbpp.org/7-28-06bud-stmt.htm

This was another incident when Martial Law was invoked FOR Congress on July 28, 06, concerning other bills that were being considered.

We don’t have to expect to see troops patrolling the streets YET. THAT would come from the President, more than likely.

This is still bad, but not quite what we thought.

HOUSE LEADERSHIP INVOKES “MARTIAL LAW,” FORCING MEMBERS TO VOTE .. BILLS WITHOUT FULL KNOWLEDGE OF WHAT THEY ARE VOTING .. REPRESENTS EROSION OF THE DEMOCRATIC PROCESS

What is “Martial Law”?

The House leadership is using a parliamentary gambit to evade a longstanding House rule that is supposed to ensure that this kind of obfuscation does not occur. That House rule (Rule XIII(6)(a)) provides that a resolution (called a rule) reported by the Rules Committee cannot be considered by the House on the same legislative day that the rule is reported (except by a two-thirds vote of the House). This is supposed to ensure that Members of the House and the public have at least one day to examine and analyze what is in legislation before they have to debate and vote on it.

To maneuver around this House rule and rush the three proposals discussed above to a vote before they have been fully examined, the Rules Committee reported a rule late Thursday afternoon (H.Res. 958) that would waive the application of Rule XIII(6)(a). Instead, it would allow the Rules Committee to wait until the last minute and not to report the rules governing the consideration of these bills or to release the text of the bills themselves until immediately before debate and votes on the bills, and on the rules governing their consideration, commences.

This extraordinary procedure is known as a “martial law” rule because it suspends the normal procedures and safeguards and allows the House Leadership to operate in a more authoritarian fashion. It enables the Leadership to seek to ram a bill or conference report through before the Members have the opportunity to fully understand what they are voting on.

Legislation that has far-reaching implications for millions of Americans deserves to be considered under a more democratic process. Waiting until the last minute to reveal what is in these bills, and then “spinning” or potentially mischaracterizing changes in the bills without Members of the House or the public having an opportunity to obtain a more objective review of what the legislation does, is unfair to Members of the House. It also is unfair to the millions of Americans whose lives could be affected by this legislation. It represents a further step in reducing the degree of transparency and democracy in how this country is governed and how decisions are made. At a time when our leaders preach the goal of promoting democracy abroad, they should not be reducing it at home.

Many thanks to Peter J. Shepherd for God and Country, SafetyJoe ~ Voting 3rd Party, and BOBBY ELECTRIC(ANTI-NWO-HIPHOP)

http://blog.myspace.com/index.cfm?fuseaction=blog.view&friendID=103413920&blogID=436818895&Mytoken=31423316-6D12-477D-890F4A3589756D91278415483

Patrick Henry: “Give Me Liberty or Give Me Death”

Who was Patrick Henry? And why do we remember his words?

To understand the man and the event, let’s go back in time.

The date is Thursday, March 23, 1775. The place: St. John’s Church in Richmond Virginia. The event: A meeting of Virginia’s colonial leaders at the Second Virginia Convention.

Henry was the delegate from Hanover County at the meeting to discuss the recent proceedings of America’s First Continental Congress. Peyton Randolph was President of the Convention attended by 120 delegates, including such notables as George Washington, Thomas Jefferson and Richard Henry Lee.

In fact, the meeting turned into a series of debates over whether or not to arm the colony of Virginia as a defense against possible incursions by the British army.

Henry’s reputation as a fiery and passionate orator preceded his appearance at the convention. A prominent lawyer, Henry twelve years earlier won renown in arguing the Parson’s Cause at the Hanover County Courthouse. During that case he described the King as “a tyrant who forfeits the allegiance of his subjects.” Two years later in 1765 his Virginia Stamp Act Resolutions before the House of Burgesses were met with angry cries of treason. Henry’s reply: “If this be treason, make the most of it.”

At the end of the four-day meeting in Virginia Patrick Henry rose to deliver his speech, facing his fellow delegates. He forcefully urged them to establish a defense of Virginia, arguing that the colony needed a “well regulated militia.” It was imperative, he declared, that Virginia be prepared to oppose King George III. He ended his impassioned speech for independence with the words:

“I know not what course others may take, but as for me, give me liberty or give me death.”

Many at the meeting were loathe to oppose the mother country, instead favoring conciliatory measures. But Henry’s stirring and persuasive call to arms won the day, and the delegates voted to support his resolutions.

Thomas Jefferson described Henry as the man who “set the ball of Revolution rolling” in Virginia. Patrick Henry’s immortal words have been described as “the most famous cry for freedom in the world.”

Patrick Henry was a lawyer, patriot, orator and a participant in every phase of America’s founding. But even more than that, Patrick Henry became a symbol of America’s struggle for liberty and self-government.

No man, Mr. President, thinks more highly than I do of the patriotism, as well as abilities, of the very worthy gentlemen who have just addressed the House. But different men often see the same subject in different lights; and, therefore, I hope it will not be thought disrespectful to those gentlemen if, entertaining as I do opinions of a character very opposite to theirs, I shall speak forth my sentiments freely and without reserve. This is no time for ceremony. The question before the House is one of awful moment to this country. For my own part, I consider it as nothing less than a question of freedom or slavery; and in proportion to the magnitude of the subject ought to be the freedom of the debate. It is only in this way that we can hope to arrive at truth, and fulfill the great responsibility which we hold to God and our country. Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings.

Mr. President, it is natural to man to indulge in the illusions of hope. We are apt to shut our eyes against a painful truth, and listen to the song of that siren till she transforms us into beasts. Is this the part of wise men, engaged in a great and arduous struggle for liberty? Are we disposed to be of the number of those who, having eyes, see not, and, having ears, hear not, the things which so nearly concern their temporal salvation? For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth; to know the worst, and to provide for it.

I have but one lamp by which my feet are guided, and that is the lamp of experience. I know of no way of judging of the future but by the past. And judging by the past, I wish to know what there has been in the conduct of the British ministry for the last ten years to justify those hopes with which gentlemen have been pleased to solace themselves and the House. Is it that insidious smile with which our petition has been lately received? Trust it not, sir; it will prove a snare to your feet. Suffer not yourselves to be betrayed with a kiss. Ask yourselves how this gracious reception of our petition comports with those warlike preparations which cover our waters and darken our land. Are fleets and armies necessary to a work of love and reconciliation? Have we shown ourselves so unwilling to be reconciled that force must be called in to win back our love? Let us not deceive ourselves, sir. These are the implements of war and subjugation; the last arguments to which kings resort. I ask gentlemen, sir, what means this martial array, if its purpose be not to force us to submission? Can gentlemen assign any other possible motive for it? Has Great Britain any enemy, in this quarter of the world, to call for all this accumulation of navies and armies? No, sir, she has none. They are meant for us: they can be meant for no other. They are sent over to bind and rivet upon us those chains which the British ministry have been so long forging.

And what have we to oppose to them? Shall we try argument? Sir, we have been trying that for the last ten years. Have we anything new to offer upon the subject? Nothing. We have held the subject up in every light of which it is capable; but it has been all in vain. Shall we resort to entreaty and humble supplication? What terms shall we find which have not been already exhausted? Let us not, I beseech you, sir, deceive ourselves. Sir, we have done everything that could be done to avert the storm which is now coming on. We have petitioned; we have remonstrated; we have supplicated; we have prostrated ourselves before the throne, and have implored its interposition to arrest the tyrannical hands of the ministry and Parliament. Our petitions have been slighted; our remonstrances have produced additional violence and insult; our supplications have been disregarded; and we have been spurned, with contempt, from the foot of the throne! In vain, after these things, may we indulge the fond hope of peace and reconciliation. There is no longer any room for hope. If we wish to be free — if we mean to preserve inviolate those inestimable privileges for which we have been so long contending — if we mean not basely to abandon the noble struggle in which we have been so long engaged, and which we have pledged ourselves never to abandon until the glorious object of our contest shall be obtained — we must fight! I repeat it, sir, we must fight! An appeal to arms and to the God of hosts is all that is left us!

They tell us, sir, that we are weak; unable to cope with so formidable an adversary. But when shall we be stronger? Will it be the next week, or the next year? Will it be when we are totally disarmed, and when a British guard shall be stationed in every house? Shall we gather strength by irresolution and inaction? Shall we acquire the means of effectual resistance by lying supinely on our backs and hugging the delusive phantom of hope, until our enemies shall have bound us hand and foot? Sir, we are not weak if we make a proper use of those means which the God of nature hath placed in our power. The millions of people, armed in the holy cause of liberty, and in such a country as that which we possess, are invincible by any force which our enemy can send against us. Besides, sir, we shall not fight our battles alone. There is a just God who presides over the destinies of nations, and who will raise up friends to fight our battles for us. The battle, sir, is not to the strong alone; it is to the vigilant, the active, the brave. Besides, sir, we have no election. If we were base enough to desire it, it is now too late to retire from the contest. There is no retreat but in submission and slavery! Our chains are forged! Their clanking may be heard on the plains of Boston! The war is inevitable — and let it come! I repeat it, sir, let it come.

It is in vain, sir, to extenuate the matter. Gentlemen may cry, Peace, Peace — but there is no peace. The war is actually begun! The next gale that sweeps from the north will bring to our ears the clash of resounding arms! Our brethren are already in the field! Why stand we here idle? What is it that gentlemen wish? What would they have? Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!

Source

Lawmakers Reach Tentative Bailout Deal

WASHINGTON — Top U.S. policymakers emerged from hours of tense negotiations just after midnight with a tentative agreement on a deal to bail out U.S. financial markets and began working Sunday morning to commit the legislation to paper.

Treasury Secretary Henry Paulson, House Speaker Nancy Pelosi, (D., Calif.) and Senate Majority Leader Harry Reid (D. Nev.) were flanked by key negotiators in the Capitol as they announced that a $700 billion plan to have Treasury buy up toxic assets had been all but finalized after days of exhausting negotiations involving members, staff and representatives from the Bush administration.

[Lawmakers reach tentative bailout deal] Associated Press

House Speaker Nancy Pelosi, Treasury Secretary Henry Paulson, right, Senate Majority Leader Harry Reid, second left, and Sen. Judd Gregg, left, announce a tentative deal on legislation regarding the financial crisis just after midnight Sunday.

“I think we’re there,” an obviously tired Mr. Paulson said, a sentiment echoed in the statements of negotiators such as House Financial Services Chairman Barney Frank (D., Mass.) and Senate Banking Committee head Christopher Dodd (D., Conn.).

Those present said the bailout plan still needs to be drafted in its final form, a process staff members were expected to continue throughout the night in what one aide called a “marathon drafting session” in Speaker Pelosi’s office just off the rotunda in the Capitol building. A formal announcement is scheduled for some time Sunday, though an exact time and location was not immediately available.

A summary of the tentative agreement released by Sen. Pelosi’s office said the plan “gives taxpayers an ownership stake and profit-making opportunities with participating companies; puts taxpayers first in line to recover assets if a participating company fails; (and) guarantees taxpayers are repaid in full — if other protections have not actually produced a profit.”

The $700 billion would be available in phases. The first $250 billion will be “immediately available” to the Treasury Secretary, and $100 billion available “upon report to Congress,” and $350 billion “available only upon Congressional action,” according to a summary from the office of House Minority Whip Roy Blunt (R., Mo.), the No. 2 House Republican who was at negotiations.

A summary from Sen. Pelosi’s office said the final deal included “cutting in half the administration’s initial request for $700 billion and requiring Congressional review for any future commitment of taxpayers’ funds.”

The Pelosi summary also said the legislation will expand the range of firms that can sell troubled assets to the government to include pension plans, local governments and community banks serving “low- and middle-income families.” (See Ms. Pelosi’s summary.)

[Sen. Charles Schumer, left, Sen. Max Baucus and Sen. Jack Reed take a short break during ongoing negotiations on Capitol Hill on Saturday.] Associated Press

Sen. Charles Schumer, left, Sen. Max Baucus and Sen. Jack Reed take a short break during ongoing negotiations on Capitol Hill Saturday.

A House Democratic aide said the government would be able to receive warrants it could hold until maturity from financial firms on assets received either through auctions or through direct purchases.

The summary also said the legislation would institute new executive compensation requirements for participating companies, including “no multi-million dollar golden parachutes,” limits on compensation generally, and the ability to recover “bonuses paid based on promised gains that later turn out to be false or inaccurate.”

President George W. Bush spoke with Sen. Pelosi earlier in the evening about the discussions, and the White House welcomed news of the deal. “We’re very pleased with the progress tonight and appreciate the extraordinary bipartisan efforts being made to stabilize our financial markets and protect our economy,” White House spokesman Tony Fratto said.

The next step will involve selling the deal to rank-and-file lawmakers, who have been unhappy over signing on to a giant bailout package just weeks before the November elections. Rep. Blunt said that he planned to talk to colleagues and get reactions.

Lawmakers entered a new round of meetings shortly after 7:30 p.m. EDT, with pizzas headed to one office and a platter of cold cuts from sandwich chain Cosi being delivered into the House Speaker’s office. By roughly 11:30 p.m., what Reid described as a “breakthrough” came in the form of an idea from Pelosi that was enough to advance talks.

“She took over at the last minute,” a House staffer familiar with the talks said Sunday morning. “The last hour-and-a-half she really brought things together and made it possible to reach this point.”

Pelosi also apparently found middle ground on a plan to allow the federal government to recoup money for taxpayers if the asset-purchase program isn’t making money after a certain amount of time. A House leadership aide said early Sunday morning that details were not immediately available. But the general concept was to provide Congress with a mechanism that would be triggered perhaps within five years to allow lawmakers to offset some, if not all, of the bailout costs.

Offers and counteroffers were flowing back and forth all night. Among the offers extended by Democrats: an agreement to drop a proposal to devote 20% of potential profits to an affordable housing fund, according to a Senate staffer close to the talks.

A House staffer reached after the deal announcement was made confirmed that lawmakers did decide to drop the affordable housing fund proposals, which would have potentially directed billions to state and local governments to fund housing projects.

One of the biggest sticking points involved concerns that executives at troubled financial institutions would wind up benefiting with handsome pay packages as the government took on more risks. But Democrats emerging from the talks said a whole array of issues related to executive pay had been addressed, including issues involving “golden parachutes,” the big pay packages that are sometimes awarded to departing executives.

Sen. Dodd told reporters that protections against golden parachute awards had made it into the final deal, along with an insurance component sought by House Republicans as an option for the Treasury to use if necessary and requirements that Treasury seek to mitigate and reduce foreclosures where possible.

Overall, staff said they expanded Treasury’s original 2 1/2 page proposal. The agreement will include significant oversight of the asset purchase program, executive compensation restrictions, the potential for equity stakes in firms that participate in the asset-sale program, and other taxpayer protections.

As for foreclosure prevention measures, Pelosi’s office said the legislation would allow the Treasury to work with cash-strapped homeowners whose mortgages are purchased by the federal government to refinance into a more affordable mortgage.

Other foreclosure-prevention measures include an extension of the tax holiday for homeowners who face foreclosure, as well as a tax break for community banks that held shares of Fannie Mae and Freddie Mac. The rescue plan will allow affected banks to take an immediate tax deduction on losses from investments in the two firms, which were taken over by the federal government earlier this month.

It also includes a bipartisan oversight board appointed by members of both parties in Congress, an inspector general to monitor Treasury decisions, and regular audits from the Government Accountability Office. Treasury will also have to post publicly and online transactions made through the troubled asset program. Unlike the original Treasury proposal, which would have given the department legal immunity in the program, the tentative agreement reached Saturday allows for judicial review of Treasury decisions.

Candidates Issue Tentative Support

Both presidential nominees suggested on Sunday that they would support the deal. Speaking on separate Sunday morning TV talk shows, Sens. John McCain and Barack Obama said the revised package appeared to provide adequate protections for taxpayers, set appropriate limits on executive compensations and include oversight by an independent board.

“This is something that all of us will swallow hard and go forward with,” Sen. McCain (R., Ariz.) said on ABC News’s “This Week.” “The option of doing nothing is simply not an acceptable option.”

In a written statement on Sunday, Sen. Obama, (D., Ill.) said the tentative deal appeared to embrace various principles he had sought, but added that he was still looking forward “to reviewing the language of the legislation.” Appearing on the CBS program “Face the Nation,” Sen. Obama answered “no” when asked whether Sen. McCain deserved any credit for bringing lawmakers together to reach a deal.

“Here are the facts: For two weeks I was on the phone everyday with Secretary Paulson and the congressional leaders making sure that the principles that have been ultimately adopted were incorporated in the bill,” Sen. Obama said.

It’s still not clear how soon lawmakers will vote on the rescue package. The House is scheduled to convene Sunday, but the timing of a vote on the package had not been announced early Sunday.

Indeed, Rep. Eric Cantor (R., Va.), who led a House Republican working group that had proposed a competing bailout deal, said in an interview on Cable News Network on Sunday that “I’m not ready to say a deal is done.” He said he would have to see what the language is on a proposal to require financial companies contribute to a mandatory insurance plan that would be part of the legislation.

In a sign of how sensitive Congress is to market reaction, lawmakers stayed in touch with outside experts during the negotiations, including talking to billionaire investor Warren Buffett.

—The Associated Press contributed to this article.

Write to Michael R. Crittenden at michael.crittenden@dowjones.com, Siobhan Hughes at siobhan.hughes@dowjones.com and Stephen Power at stephen.power@wsj.com

Source

An American Warning!

What will you do when they come for you?

John Kaminski interviewed on South Africa’s Cii radio

Now, the truth that every American needs to know is being broadcast from an Islamic radio station across the Atlantic. Hollywood could not make this up even if they tried, but, as they say, truth is stranger than fiction.

Daryl Bradford Smith of The French Connection/I AM THE WITNESS website interviewed noted cybercolumnist John Kaminski last Saturday, Sept. 20th. Kaminski spoke on a number of issues critical to America’s future welfare.

Federal Reserve’s 13 private banking families are all Jewish

Zionist Jews through bribery, blackmail and murder have raped the nation and bought every politician going back decades.

Israel’s creation

The Judaization of the Christian Church and the American media including the Educational system.

The sickness of the Talmud

The infiltration of every facet in American society by Crypto-Jews.

Subversion of Gentiles

Anti Semitism – what it really means

Illegal Immigration

Concluding that education is the key and the answer to everything wrong in America, yet, Kaminski believes that Americans are too wrapped up in their Jewish culture to ever open their eyes in order to see that the enemy is right in front of their noses. It’s sometimes referred to as “hiding in plain sight.”

Part 1

Part 2

Add Federal Court Judges to that Arrest Warrant!!

Isn’t it obvious that the Zionist banker robber barons have bought off everyone???

Federal District Court Obstructs Lawsuits
Challenging Authority for Bailouts

Judiciary Scuttles Motions Demanding U.S.
Produce Evidence of Constitutional Authority

Late last week, WTP Chairman and constitutional activist Robert Schulz filed a federal lawsuit in United States District Court in Albany seeking to halt the execution of the emergency bailout of Wall Street insurance giant American Insurance Group, AIG. On Wednesday, Schulz filed a second federal lawsuit seeking to block the larger Wall Street bank bailout currently being negotiated through the U.S. Congress.

Yesterday, while ignoring the dissimilar legal issues raised in the two lawsuits, the U.S. District Court issued an Order combining the two cases into a single case and denying the applications for injunctive relief requested.  The Court, in effect, ducked a judicial (and very public) hearing to examine the critical legal question at the heart of the bailouts: What Constitutional authority exists for the U.S. Government or Federal Reserve to use public (taxpayer) funds for definitively private purposes?

Again, what legal authority allows the U.S. Government to directly purchase the distressed assets and contracts of privately owned Wall Street firms for the express purpose of mitigating their private investment risks and losses?

Together, the lawsuits assert that the commitment of public funds and credit for the direct benefit of privately owned banks is an ultra vires act by the United States Government and Federal Reserve, i.e., beyond the limited legal authority granted by the Constitution. Both lawsuits had asked for a “show cause” hearing demanding that the Government defendants produce evidence of their alleged legal authority to commit public funds for such purposes, as well as emergency and permanent injunctions halting the bailout efforts.

Specifically, the second lawsuit charges that Congress lacks any Constitutional authority to grant the Executive any legal authority to directly participate in commerce as a buyer or seller of private property (as opposed to “regulating” commerce) and that Congress also lacks any authority to utilize public (taxpayer) funds for definitively private, i.e., non-public purposes. The first lawsuit charges the Government has no authority to use public funds to guarantee a loan between the privately held insurance firm AIG and the privately held Federal Reserve Bank.

Despite Schulz’s extensive federal litigation experience, the Court’s Order (erroneously) claims that the lawsuits fail to provide any “citation to authority or an explanation of this court’s jurisdiction, except conclusory statements of the law…”

One unnamed practicing attorney also with several decades of federal litigation experience agreed that the District Court’s basis for denying the injunction hearings was contrived to provide cover to block any public, judicial examination of the highly controversial constitutional questions raised by the bailouts adding, “If the Court had dared sign that request, all those cameras now in Washington would immediately be up here in New York.”

Schulz plans to file an emergency appeal to the U.S Court of Appeals for the Second Circuit in Manhattan on Monday, challenging the lower Court’s improper dismissal of the requests for Temporary and Permanent injunctions.

Click here to read: Bank Bailout Complaint
Bank Bailout Memorandum of Law
Press Release 9-25-08
U.S. District Court Order
denying injunction requests to stop the bailouts
Last week’s WTP
AIG lawsuit update

On Wednesday, We The People Foundation issued a press release regarding the second lawsuit.  In part, it cites Schulz:

“Beyond the moral hazard and dangerous precedent to be established by this legislation, it is of vital importance that the American people recognize that the present financial crisis is not the result of ineffective regulatory oversight or defective government policy but rather a direct and predictable result of decades of constitutional violations by the Federal Government.  Through a long-standing program of disinformation and collusion with the Federal Reserve and Wall Street financial elite, the United States Federal Government has denied the public access to vital information about the secretive operations of the privately owned and operated Federal Reserve System and its monopoly control of America’s monetary system.”

“This monopoly control of our currency by a private banking cartel is the root cause of the increasingly distorted, volatile and damaging economic conditions experienced in the U.S. and abroad.  America’s fiat currency is produced from thin air and manipulated by the Federal Reserve for the benefit of its private owners, major Wall Street institutions and to enable the numerous unconstitutional activities of the Federal Government.  Beyond this, the Fed’s vast operations are substantively beyond accountability to the taxpayers or the Congress. These abuses of the Constitution have taken our financial system to edge of the abyss. The chickens have come home to roost.”

Since 2002, the We The People Foundation and its supporters have tried, thus far unsuccessfully, to get the Government to respond to a number of First Amendment Petitions for Redress of violations of the Constitution, including the Federal Reserve System’s violation of the money clauses of the Constitution. Had the Government honored the Constitution and its obligation to respond to the citizens’ Petitions for Redress, many of the nation’s current financial and monetary problems could have been avoided.

TIME TO FIGHT BACK:

The We the People Congress now encourages everyone to contact their Congressional representatives and tell them what you think about the bailout.

We strongly encourage personal phone calls and faxes, rather than emails. Don’t forget to call your representative’s local District offices located throughout the 50 states.

Click here for a .txt file of FAX numbers of Senators and Representatives.

Click here to find local phone numbers and other Congress contact information
(lookup info by map, zipcode, etc.)

Here’s the main Capital Switchboard number in Washington: 202-224-3121

Here are the TOLL FREE Capital Hill switchboard numbers:
1-877-210-5351
1-800-828-0498

Revolution Resources:

Please go to www.GiveMeLiberty.org/revolution

Source

Make no mistake – America’s new para-military police force fearless killers

Rubicon in the Rear-View, Part I: Militarizing the Police

The future of law enforcement: The 193rd Military Police Battalion, Colorado National Guard, trains at Ft. Carson last July 12 in preparation for deployment as part of JTF-DNC — the military component of security arrangements for the Democratic Convention in Denver.

There are those who still think they are holding the pass against a revolution that may be coming up the road. But they are gazing in the wrong direction. The revolution is behind them.

Garet Garrett, The Revolution Was (1938)

The seamless integration of the military and law enforcement into a single “Internal Security Force” is the defining characteristic of a fully realized police state. Once this fusion is accomplished, the question becomes not “whether” a police state exists, but rather how acute its institutional violence against the subject population will become.

That condition now exists in the country that still calls itself — without any apparent irony — the United States of America.

Much alarm has been raised over the admittedly alarming news that beginning October 1, the U.S. Army’s Northern Command will deploy a specialized, combat-tested unit as an “on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks.”

This “dwell-time” domestic deployment of the 3rd Infantry Division’s 1st Brigade Combat Team will permit its soldiers to “use some of the [skills] they acquired in the war zone” to deal with “civil unrest and crowd control or to deal with potentially horrific scenarios such as massive poisoning and chaos in response to a chemical, biological, radiological, nuclear or high-yield explosive, or CBRNE, attack.”

In the context of our descent into rank imperial corruption, this small but significant development could be seen by some as the moment our rulers crossed the Rubicon. But that metaphorical boundary has been in our rear-view mirror for quite some time. Admittedly, there is something quite ominous about the news that “homeland tours” are expected to become a routine part of the rotation of soliders tasked to carry out missions for those who command Washington’s Empire.

The Homeland Security apparatus is a recombinant organism, engineered from multiple strands of institutional authoritarianism.

The process began in earnest in the late 1960s with the Law Enforcement Assistance Administration; the chimera has grown in power and malignancy because of the generation-long, trillion-dollar exercise in murderous cynicism called the “War on Drugs.”

Indeed, it was in the context of this “war” that exceptions began to be carved out of the Posse Commitatus Act, which was intended to prevent the fusion of military and law enforcement functions within the United States. The cultivation of a huge population of official informants added another critical element to the metastasizing organism of official tyranny.

The Drug War likewise introduced Americans to the variety of official larceny called “civil asset forfeiture,” through which police and Sheriff’s departments nation-wide were turned into roving bands of officially protected highway robbers. The corruption of local law enforcement into federal welfare whores was an indispensable step toward the synthesis of a distinctly American police state.

Although we’re constantly told that “everything changed” on September 11, the actual impact of The Day That (Supposedly) Changed Everything was to add a highly potent nutrient into the growth medium in which the Beast was already flourishing. This merely accelerated a process that was already well advanced.

Consider, as just one illustration, a series of Presidential Decision Directives, issued by Bill Clinton in his second term, that deal with the integration of the military with civilian law enforcement to deal with terrorist incidents involving Weapons of Mass Destruction or catastrophic natural disasters.

Apart from a few hidebound constitutionalists and easily-maligned Y2K “alarmists,” nobody objected to this new intimacy between the military and civilian police. Then again, nobody had become concerned over the proliferation of military-trained SWAT and tactical teams, or the creation, in 1995, of the Pentagon’s Law Enforcement Support Organization (LESO), through which police and Sheriff’s departments could receive military hardware of any kind they desired at concessionary prices, “as if they were a DoD [Department of Defense] organization,” in the words of the program’s official pitchman.

The results of this … well, call it a “guided evolution” of the law enforcement system, were entirely predictable.

“I served in the U.S. military and after I got out I ended up becoming a cop in 2002,” recalls Bill, who was Battalion Soldier of the Year in 1999 and “Top Gun” in his police academy class. Bill shared his experiences in reaction to a podcast I recently did with Lew Rockwell examining the emergence of America’s unitary, militarized Homeland Security state.

At the time he joined the force, many of the veterans “were old school, having started in law enforcement before I was born. They were tough but fair. They treated people with respect.”

However, the “old school” officers “were forced out of the department [and it] took on a military feel,” Bill continues. “You were expected to take [a] `just follow orders and obey the [department administration attitude], no matter what, regardless if it was constitutional or not. The amount of force used during arrests went through the roof.”

“Urban Shield”: A SWAT operator at UC-Berkeley play-acts in a training simulation involving a stand-off with armed, militant animal rights activists. Yeah, that’s a plausible scenario.

This militarized mindset — the notion that the job of police was to compel “civilians” to submit to state authority — had a tangible impact in terms of the promiscuous use of the “non-lethal” Taser weapon.

“When I first started we had a couple M26 Tasers of we needed them, but most people either left them at the PD or in their patrol cars,” Bill relates. They were useful in a handful of instances involving armed, deranged people, and when used in those circumstances “they do save lives.” However, once the Taser was in use, police started to use them as instruments of “pain compliance”: “Anytime anyone did anything that was not compliant, out came the Taser.”

“The tactics the SWAT team was using were also becoming more like the military,” Bill laments. “We even got a military Humvee. We were now wearing BDUs and carrying fully automatic machine guns and wearing the same body armor as soldiers were in Iraq. All of our 870 Remington shotguns were removed from the patrol cars and replaced with full-automatic H&K-made G36 machine guns — to the protest of all the patrol officers, mind you. If anyone spoke out they were `dealt with.’ In the course of 3 years they went through over 50 patrol officers. And this is a department with only about 47 officers total.”

Once the exception, now the rule: SWAT paramilitaries put on a demonstration for teenagers attending a “Citizen Police Academy.”

While military hardware was being forced on recalcitrant officers, those willing to carry out their assigned roles were being used to disarm civilians as the opportunity presented itself:

“People were having their weapons confiscated for `safe keeping’ during traffic stops. [My home state] is a rural state that relies heavily on hunting for income. Everyone has a gun here. Even my 88-year-old grandma carries one in her purse (yes, she has a CC permit). So to take someone’s guns you had better have a damn good reason, not just because they have a gun in their car and it’s after 9 PM.”

After witnessing this long train of official abuses, “many of us spoke out.” Those who did so “were then run through the cleaners.” Bill recounts an effort by the department administration to extort perjured testimony from him against a shift Sergeant who had condemned the department’s corruption. Those who spoke out against corruption — which included prosecutors and judges — “were either fired unlawfully or quit.”

In August 2007, after five and a half years on the force, Bill finally reached his frustration threshold and quit.

The sinkhole of dictatorial abuse and Sicilian corruption described by Bill is a small community in South Dakota — that haven of sober Midwestern rectitude whose citizens aren’t afflicted with a state income tax. If it’s this bad in the green wood, what’s it like in the dry? Well, according to Bill, “these abuses do, sadly, happen in almost every town in America.”

The process Bill describes is a peculiar type of alembic, distilling the worst elements from a recruiting pool to serve in local police forces. Rather than retaining people of character and principle, the process selects for the officious, the self-satisfied, the opportunistic, and especially for those fixated on power.

Martin, who likewise shared his experience in reaction to the Lew Rockwell podcast, is a former Marine. As he was processed out of the Corps he was pitched by a recruiter the LAPD. Although he had no interest in the job, he was interested — and more than a bit alarmed — by what he learned about the ease with which former military personnel can become “civilian” police, and the eagerness of the LAPD to absorb military veterans into its ranks.

Recruiters “told us how they’d worked with command elements so that a Marine could go through LAPD academy while still in the service — meaning a seamless transition to police work from military life,” Martin reports. Probably the “scariest” element of military recruitment, Martin says, is that “for basic officer positions a series of mental testing and psychological testing was not necessary. It is feasible for a Marine to get back to the states from a deployment to Iraq, get out of the military, and then start patrolling the streets of LA in a matter of a few months.”

“Police work is the easiest and most lucrative thing for a former Marine or military person to transfer to, especially us infantry kids who received no real job training while in the military,” Martin concludes. “To us police work is the closest civilian equivalent of the patrolling that we did in Iraq. I think it is safe to assume that the more `grunts’ we make and give combat experience the more militarized our police departments will become.”

Running through this entire story we can find a microscopically thin thread of hope in the reluctance of at least some military and police personnel to serve the Regime’s apparatus of repression. But the generational trends Bill describes will only grow worse as a law enforcement assimilates veterans of the wars in Iraq and Afghanistan have on the mindset of tomorrow’s police recruits.

In his fascinating Iraq war account Generation Kill, Evan Wright describes his experiences as a reported embedded in one of the first Marine units to invade Iraq in 2003. One lieutenant, describing the “Gen X” and “Gen Y” youngsters fighting in Iraq, observed that during World War II, when the Marines hit the beaches in the Pacific campaign, “a surprisingly high percentage of them didn’t fire their weapons, even when faced with direct enemy contact.Not these guys. Did you see what they did to that town? They f*****g destroyed it. These guys have no problem with killing.”

No problem with killing.

Our sin nature notwithstanding, any typical human being has exceptionally strong inhibitions where taking another life is concerned. This internal restraint can be subverted by a process of self-seduction in the service of some illicit design; it can be undermined by severe emotional or psychological trauma. For those in the military, it is nullified through patient, deliberate indoctrination — and even then, the psychological impediment to homicide still re-asserts itself for many in the military.

But “Generation Kill” includes more than a few young men produced by a deeply nihilistic popular culture who have exceptionally few compunctions about killing. When they are recruited into law enforcement, they will retain both the mindset and muscle-memory of trained, remorseless killers.

(Part II will examine the other half of this equation, the mutation of the military into a police force.)

Source

The Protocols in Modern English

Yep, it’s those old protocols again, actually, The Protocols of the Learned Elders of Zion.  Whether fake or alleged forgery, which means that someone had to write them initially in order to be forged, they appear to be a despicable window into the destructive effect of Zionism on an unsuspecting modern world.  Read them and judge for yourself.

Source


The original translation is here

A one page summary…

Goyim are mentally inferior to Jews and can’t run their nations properly. For their sake and ours, we need to abolish their governments and replace them with a single government. This will take a long time and involve much bloodshed, but it’s for a good cause. Here’s what we’ll need to do:

  • Place our agents and helpers everywhere
  • Take control of the media and use it in propaganda for our plans
  • Start fights between different races, classes and religions
  • Use bribery, threats and blackmail to get our way
  • Use Freemasonic Lodges to attract potential public officials
  • Appeal to successful people’s egos
  • Appoint puppet leaders who can be controlled by blackmail
  • Replace royal rule with socialist rule, then communism, then despotism
  • Abolish all rights and freedoms, except the right of force by us
  • Sacrifice people (including Jews sometimes) when necessary
  • Eliminate religion; replace it with science and materialism
  • Control the education system to spread deception and destroy intellect
  • Rewrite history to our benefit
  • Create entertaining distractions
  • Corrupt minds with filth and perversion
  • Encourage people to spy on one another
  • Keep the masses in poverty and perpetual labor
  • Take possession of all wealth, property and (especially) gold
  • Use gold to manipulate the markets, cause depressions etc.
  • Introduce a progressive tax on wealth
  • Replace sound investment with speculation
  • Make long-term interest-bearing loans to governments
  • Give bad advice to governments and everyone else

Eventually the Goyim will be so angry with their governments (because we’ll blame them for the resulting mess) that they’ll gladly have us take over. We will then appoint a descendant of David to be king of the world, and the remaining Goyim will bow down and sing his praises. Everyone will live in peace and obedient order under his glorious rule.

Chapters:
Protocol I What We Believe
Protocol II Economic Wars
Protocol III Methods of Conquest
Protocol IV Materialism to Replace Religion
Protocol V Despotism and Modern Progress
Protocol VI Take-Over Technique
Protocol VII World-Wide Wars
Protocol VIII Provisional Government
Protocol IX Re-education
Protocol X Preparing for Power
Protocol XI The Totalitarian State
Protocol XII Control of the Media
Protocol XIII Distractions
Protocol XIV Assault on Religion
Protocol XV Ruthless Suppression
Protocol XVI Brainwashing
Protocol XVII Abuse of Authority
Protocol XVIII Arrest of Opponents
Protocol XIX Rulers and People
Protocol XX Financial Program
Protocol XXI Loans and Credit
Protocol XXII Power of Gold
Protocol XXIII Instilling Obedience
Protocol XXIV Qualities of the Ruler

Why didn’t we listen to the Founding Fathers? THEY KNEW!

No Bailout for Wall Street

Chuck Baldwin
American Free Press
September 27, 2008

At the time of this writing, the U.S. House and Senate are poised to pass a $700 billion bailout to Wall Street. At the behest of President George W. Bush, the U.S. taxpayers are going to be on the hook for what can only be referred to as the biggest fraud in U.S. history.

Andrew Jackson
President Andrew Jackson to the international bankers: “You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”

Virtually our entire financial system is based on an illusion. We spend more than we earn, we consume more than we produce, we borrow more than we save, and we cling to the fantasy that this can go on forever. The glue that holds this crumbling scheme together is a fiat currency known as the Federal Reserve Note, which was created out of thin air by an international banking cartel called the Federal Reserve.

According to Congressman Ron Paul, in the last three years, the Federal Reserve has created over $4 trillion in new money. The result of all this “money-out-of-thin-air” fraud is never-ending inflation. And the more prices rise, the more the dollar collapses. Folks, this is not sustainable.

Already, Bear Stearns was awarded a $29 billion bailout, followed quickly by the bailout of Freddie and Fannie that will cost the taxpayers up to $200 billion. Then the Fed announced the bailout of AIG to the tune of $85 billion. Mind you, AIG is an enormous global entity with assets totaling more than $1.1 trillion. Moreover, the Feds agreed to pump $180 billion into global money markets. And the Treasury Department promised $50 billion to insure the holdings of money market mutual funds for a year. Now, taxpayers are being asked to provide $700 billion to Wall Street. (I hope readers are aware that, not only will American banks be bailed out, but foreign banks will also be bailed out. Then again, at least half of the Federal Reserve is comprised of foreign banks, anyway.) In other words, the Federal Reserve is preparing to spend upwards of $1 trillion or more. Remember again, this is fiat money, meaning it is money printed out of thin air.

All of this began when the U.S. Congress abrogated its responsibility to maintain sound money principles on behalf of the American people (as required by the Constitution) and created the Federal Reserve. This took place in 1913. The President was Woodrow Wilson. (I strongly encourage readers to buy G. Edward Griffin’s book, The Creature from Jekyll Island.) Since then, the U.S. economy has suffered through one Great Depression and several recessions–all of which have been orchestrated by this international banking cartel. Now, we are facing total economic collapse.

But don’t worry: the international bankers will lose nothing–not even their bonuses. They will maintain their mansions, yachts, private jets, and Swiss bank accounts. No matter how bad it gets on Main Street, the banksters on Wall Street will still have the best of it–President Bush and the Congress will make sure of that. This is one thing Republicans and Democrats can agree on.

America’s founders were rightfully skeptical of granting too much power to bankers. Thomas Jefferson said, “If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.”

Jefferson also believed that “banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”

Daniel Webster warned, “Of all the contrivances for cheating the laboring classes of mankind, none has been more effectual than that which deludes them with paper money.”

Webster also said, “We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no, Sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors, and a ruined people.”

Our first and greatest President George Washington said, “Paper money has had the effect in your State [Rhode Island] that it ever will have, to ruin commerce–oppress the honest, and open the door to every species of fraud and injustice.”

If George W. Bush, John McCain, or Barack Obama had any honesty and integrity, they would approach the current banking malady in much the same way that President Andrew Jackson did. In discussing the Bank Renewal bill with a delegation of bankers in 1832, Jackson said, “Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”

What President Andrew Jackson said to the bankers in 1832 is exactly what an American President should say to these criminal international bankers today. But what George Bush, John McCain, and Barack Obama want to do is provide amnesty for the international bankers, just as they want to provide amnesty for illegal aliens. I say, No amnesty for Wall Street, and no amnesty for illegal aliens, either. Instead of sending these banksters on extended vacations to the Bahamas with millions of taxpayer dollars in their pockets, we should be sending them straight to jail!

The only way to fix this economic mess that the international bankers have created is to return America to sound money principles, as prescribed in the U.S. Constitution. This means dismantling the Federal Reserve and the Internal Revenue Service, overturning the 16th Amendment and the personal income tax, and returning the American monetary system to hard assets: gold and silver. Anything short of this will only delay and worsen the inevitable collapse that has already begun.

Source

IT’S TIME TO ABOLISH THE FEDERAL RESERVE!

Update: Steve Earle – The Revolution Starts Now


I was walkin’ down the street
In the town where I was born
I was movin’ to a beat
That I’d never felt before
So I opened up my eyes
And I took a look around
I saw it written ‘cross the sky
The revolution starts now
Yeah, the revolution starts now

The revolution starts now
When you rise above your fear
And tear the walls around you down
The revolution starts here
Where you work and where you play
Where you lay your money down
What you do and what you say
The revolution starts now
Yeah the revolution starts now

Yeah the revolution starts now
In your own backyard
In your own hometown
So what you doin’ standin’ around?
Just follow your heart
The revolution starts now

Last night I had a dream
That the world had turned around
And all our hopes had come to be
And the people gathered ‘round
They all brought what they could bring
And nobody went without
And I learned a song to sing
The revolution starts now

Sarangel Music (ASCAP)

The Fleecing of America: $700 Billion for Zionist Criminals

In actuality, the amount is more like $5 Trillion

9-11 and the Crisis on Wall Street

“[The bail-out plan] does nothing basically for the stressed mortgage payer. It does a lot for three or four or five banks… “
Sen. Richard Shelby, (Rep.-Alabama)

“I’ve never seen people so angry. Our calls are a hundred to one against this bail-out. They don’t trust the government.
- Sen. Jim DeMint (Rep.-S.C.)

Ben Shalom Bernanke, the chairman of the Federal Reserve,
is the dedicated Zionist Jew behind the $85 billion taxpayer-funded bail-out of Maurice Greenberg’s criminal enterprise, A.I.G. The face in the background is Hank Paulson, the non-Jewish secretary of the U.S. Treasury (from Barrington Hills, Illinois), who is usually blamed for being the person behind the bail-out.

Updated: Friday
26 September 2008

Adding Insult to Injury:
Hard-pressed American Taxpayers Forced to Bail Out
Zionist Gangsters Behind 9-11

Maurice Greenberg, the Zionist criminal behind A.I.G.,
is deeply involved in the false flag terror attacks of 9-11.
[Photo: http://www.cloakanddagger.de

The current financial crisis in the United States involves some of the very same Zionist criminals and entities that I pointed out in my recent chapter, “The Architecture of Terror: Mapping the Israeli Network Behind 9-11.”

The collapse of their criminal scams on Wall Street could very well reveal more about the Zionist gangsters behind 9-11, if it were allowed to happen. Such outrageous criminal scams cannot be kept hidden for long. The criminals behind this latest financial scam need to be brought down – not propped up. If anyone should be in Guantanamo facing harsh interrogation for answers about 9-11, it is people like Maurice Greenberg and Michael Chertoff.

The government loan of $85 thousand millions of U.S. taxpayer dollars ($85 billion) to keep afloat Maurice Greenberg’s criminal operation, American International Group (A.I.G.), brings into the spotlight one of the key individuals in the Zionist criminal network behind 9-11.


Maurice Greenberg
The criminal head of A.I.G.

CRIME PAYS: $85 BILLION FOR GREENBERG

Where’s the outrage? If George W. Bush is not directly related to Isadore Bush, the Jewish wine merchant who headed the B’nai B’rith lodge in St. Louis in the late 1800s, he might as well ought to be. As president, George W. Bush has done more to advance the agenda of the secretive Jewish brotherhood of Freemasons, more commonly known as “The Elders of Zion,” than any other political leader in living memory. The proposed plan to use $700 billion taxpayer dollars to bail out the Zionist gangsters of Wall Street is Bush’s coup de grâce, the final thrust of the dagger of a treasonous Zionist president into the bleeding and supine American body politic.


Bush, a Zionist Quisling, listens to Shimon Peres,
on September 23 at United Nations. The next day
Bush pushed fear to bail out Zionist criminals on Wall St.

The Zionist plan to bail out A.I.G. and its criminal head, Maurice R. Greenberg, with a government loan of $85 billion dollars should have all American taxpayers up in arms. This is the money of our childrens’ children they are stealing. The $700 billion bail-out is described by the New York Times as “an ambitious effort to transfer the bad debts of Wall Street into the obligations of American taxpayers.”

On Friday, September 26, President Bush scrambled to bring rebellious members of his own party behind a $700 billion dollar taxpayer bail-out of Wall St. banks amid bitter political recriminations from both Democrats and Republicans over collapsed negotiations, the AP reported. Sen. Richard Shelby, an Alabama Republican, said many GOP lawmakers dislike the proposal that has been pushed on the administration’s behalf principally by Paulson. “Basically, I believe the Paulson proposal is badly structured,” he said. “It does nothing basically for the stressed mortgage payer. It does a lot for three or four or five banks . … “

Make no mistake about it, this is a massive “transfer” of American wealth to Zionist criminals; a huge “rip-off,” in plain English.

PUSHING FEAR TO SOFTEN RESISTANCE

Like all dictators, President Bush employs fear and deception to accomplish his criminal agenda. His prime time speech to the nation on Wednesday, September 24, provides a classic example of this un-elected president using fear to soften public resistance to the $700 billion bail-out of criminal enterprises like A.I.G. His speech was very short on facts (none) and long on fear tactics.

Americans should keep in mind that this is the very same man who lied to the entire world about Iraq’s weapons of mass destruction, and who has recklessly started two illegal wars of aggression after 9-11, which he and Cheney refused to investigate.


George W. Bush after asking Americans
to support his $700 billion bail-out.
As they say, fool me once…

The keystone to the Bush-Bernanke $700 billion bail-out is the $85 billion being made available to Maurice Greenberg’s A.I.G. As I will point out in this article, A.I.G. is a criminal operation and has been engaged in illegal conduct for many years. American taxpayer money should never be used to support criminal operations like A.I.G.

Here is the key paragraph from Bush’s prime time televised speech, which was clearly meant to put fear in American hearts:

The government’s top economic experts warn that without immediate action by Congress, America could slip into a financial panic, and a distressing scenario would unfold:

More banks could fail, including some in your community. The stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet. Foreclosures would rise dramatically. And if you own a business or a farm, you would find it harder and more expensive to get credit. More businesses would close their doors, and millions of Americans could lose their jobs. Even if you have good credit history, it would be more difficult for you to get the loans you need to buy a car or send your children to college. And ultimately, our country could experience a long and painful recession.

A $700 billion expenditure on distressed mortgage-related assets would be roughly what the country has spent in direct costs on the Iraq war and more than the Pentagon’s total yearly budget appropriation. The bail-out would cost every man, woman and child in the United States more than $2,000 — before interest.

Fed chairman, Ben S. Bernanke, held a series of conference calls with members of Congress to sell them on the bail-out. Small wonder that hard-working Americans utterly despise Jewish crooks like Maurice Greenberg and Ben Shalom Bernanke.

I don’t understand why the public is not protesting and burning tires in the streets of American cities. It is certainly no secret that A.I.G. is a criminal operation, which is well known to anyone who reads the newspapers. Doesn’t anybody read the papers?

Why are Americans not massively protesting this proposed bail-out? To my mind, it can only be because the news coverage of the huge bail-out never mentions Greenberg’s long history of criminal activity. The bail-out, now proposed at $700 billion, is portrayed as something that is necessary to save the economy of Main St. — not a bail-out for a Zionist criminal of the highest magnitude.

“IF WE WERE LEGAL, WE WOULDN’T BE IN BUSINESS”

I will be updating this article on the bail-out of the Zionist crooks behind 9-11, but I want to make it clear that my accusations of Greenberg’s criminality are well documented, in the New York Times, for example. The following NYT article entitled “Excerpts from Complaint Against AIG by New York,” dated May 27, 2005, clearly reveals that Greenberg was aware of the criminal nature of AIG’s business — and wanted to keep it that way:

Following are excerpts from the complaint filed yesterday against American International Group (A.I.G.); its former chief executive, Maurice R. Greenberg (M.R.G.); and its former chief financial officer, Howard I. Smith, by the New York attorney general and the New York superintendent of insurance:

“Both Greenberg and Smith had a direct personal interest in A.I.G.’s stock price; both held hundreds of thousands of shares of A.I.G. stock. For example, the value of Greenbergs’s holdings increased or decreased approximately $65 billion for every dollar A.I.G. stock moved.”

“For over a decade, A.I.G. engaged in a scheme to mischaracterize premiums paid on the workers’ compensation line of insurance…

“In 1991, A.I.G.’s general counsel, newly arrived from a law firm, undertook a review of the practice…

“In his interviews, the general counsel learned about the cost that the company would have to incur to ‘get legal.’ It would have to hire about 40 new people to do filings properly, charge clients more and pay ‘much higher’ assessment fees.

“Indeed, the general counsel’s notes reflect that at one stage, an employee went to A.I.G.’s president and was told ‘that M.R.G. [Maurice R. Greenberg] did not want him to change things to make it legal – he wants to continue as is.’

“In another interview, a witness recounted a meeting that he and others had with Greenberg. According to the notes, ‘M.R.G.’ asked, ‘Are we legal?’ When an employee responded, ‘If we were legal, we wouldn’t be in business,’ then ‘M.R.G. began laughing and that was the end of it.’

Maurice Greenberg’s son, Jeffrey, headed Marsh & McLennan Companies, the nation’s largest insurance broker, which took kickbacks and colluded with AIG to rig bids, artificially jacking up the premiums companies pay for liability insurance, according to a civil fraud complaint filed by New York Attorney General Eliot L. Spitzer in 2004.

The civil fraud complaint named AIG, Hartford Financial Services Group Inc., ACE Ltd. (another Greenberg son’s company), and a division of Munich Re as active participants in the scheme. Jeffrey Greenberg, resigned in October 2004, less than two weeks after Marsh & McLennan was accused of cheating customers. Oddly, as a result, Eliot Spitzer said that he would not bring criminal charges against Marsh. Although Maurice Greenberg was also forced to resign as CEO of A.I.G, he maintained a great deal of control of the company through his ownership of stock and managing companies such as Starr International and C.V. Starr.

A.I.G. GUILTY OF CRIMINAL FRAUD

At least two senior AIG executives pleaded guilty to criminal fraud, acknowledging that they schemed with Marsh and submitted uncompetitive bids to help the broker steer clients to other companies.

While it was under investigation in 2005, A.I.G. disclosed “extensive accounting irregularities.” The company’s earnings for the past 5 years were adjusted by some $4 billion. In 2004, Greenberg was paid at least $20 million from Starr International, his private company in Panama, and A.I.G.

Why is the U.S. government bailing out well known criminals rather than arresting them? Are we laughing as President Bush and his Zionist advisers and appointees award Greenberg’s criminal conduct with an $85 billion bail-out? Is this another major piece of evidence that the U.S. government is, in fact, a crimocracy? Could this bail-out of criminals be stopped if Americans protested loudly enough?

The key person in the Zionist crimocracy behind the bail-out is Ben Shalom Bernanke, the “head of the Fed.” [Here Ben does not stand for Benjamin, it is Hebrew for “son,” in this case “son of peace.”]

EARLY WARNINGS IGNORED

A.I.G. was deemed to be a “shaky insurance company” in a report conducted by Ralph Nader’s Public Citizen in 1990. Despite protests and threats from the criminal Greenberg, Public Citizen maintained its “critical assessment” of A.I.G. Greenberg threatened to sue Public Citizen if the consumer group didn’t retract its comments on the company “in the next several days.”

“I’m angry,” Greenberg said, adding like a street thug, “First learn the facts before you shoot your mouth off.”

Joan Claybrook, Public Citizen president, responded to Greenberg’s threats in a letter. Public Citizen “remains fully satisfied with the report’s conclusions concerning AIG,” Claybrook wrote.

After a re-examination of the facts, Claybrook stood by critical assessment of AIG. A.I.G. failed four of the six tests that show whether an insurance company could withstand a severe economic slump. Public Citizen was right, and now American taxpayers are being forced to bail out Greenberg’s criminal operation.

Where’s the outrage? If such a huge bail-out were to be demanded from the citizens of any other country, you can be sure that the key players would be scrutinized before one cent of public funds were made available. In America, however, the controlled media censors all information about who is really responsible for this immense transfer of wealth – from the people to the criminals.

THE DEVOTED ZIONIST BEHIND THE A.I.G. BAIL-OUT

It should come as no surprise that the key person behind this unprecedented government bail-out of A.I.G., a huge Zionist criminal operation, is himself a devoted Zionist. Ben Shalom Bernanke, the chairman of the Federal Reserve System, is another Hebrew-speaking scion of the Jewish Theological Seminary of New York City, like Michael Chertoff and Alvin K. Hellerstein.

How can it be that the sons of a very small group of uneducated Jews from Eastern Europe, who immigrated to the Bronx in the 1900s, now control a nation of 250 million non-Jews? If you were to ask a Zionist Jew from the Jewish Theological Seminary why they seek to control America, they would probably say: “Because we can.”


Bernanke has been a religious supporter
of Zionist criminals since the 1970s.

Growing up, Bernanke attended the extremist Zionist summer camp (Ramah) of the Jewish Theological Seminary where he was immersed for months in the Zionist ideology of the JTS – in Hebrew. During college in the early 1970s, Bernanke began working directly with the Jewish political crime bosses in South Carolina.

BERNANKE’S YEARS WITH THE CRIME BOSS OF DILLON

Ben Shalom (Hebrew for “Son of Peace”) Bernanke went to Harvard University and graduated with a B.A. in economics in 1975. Throughout college, however, Bernanke had a very odd summer job for an Ivy League student of economics. Every summer he returned to Dillon, South Carolina, to work for Alan Heller Schafer, the well-known Jewish criminal and political boss who ran a sprawling roadside gambling and drinking establishment called South of the Border. The adjacent counties in North Carolina had been “dry counties” when Schafer originally started his drinking and gambling establishment. Such was his clout that he was reportedly able to have the route of Interstate 95 altered so it would directly pass his saloon operation.


Alan Schafer
Bernanke’s criminal employer
during his college years.

Alan Schafer was, after all, the long-standing chairman of the Democratic Party in Dillon County, where, since 1966, he ran the “state’s smoothest-running political machine” by buying votes. Schafer’s political machine maintained power, said Craig C. Donsanto, director of the Justice Department’s Election Crimes Branch, through a “carefully controlled and sophisticated system of rigging elections,” the New York Times reported in 1982. This is the crime boss that Bernanke worked for, every summer, while he studied at Harvard.

“Alan didn’t want any more stump meetings because they threatened his candidates,” said A.W. (Red) Bethea, 66, who was defeated four times in Statehouse races by Schafer-backed candidates. “If you were running against the Schafer machine without his wanting you to, you were just wasting your time.”

Mr. Donsanto said more than 1,000 Dillon County voters were paid $5 to $10 to sign their names to absentee ballots in 1980. In the 1980 primary, 1,500 of the 7,000 votes cast in Dillon County were absentee ballots. Two days after the primary, agents from the U.S. Justice Dept. “swooped down on Dillon County and seized the ballot boxes, touching off the largest voting fraud investigation ever conducted in the Southeast,” the Times reported.

After an 18-month investigation, 30 residents of Dillon County were indicted on charges of violating federal election laws, most of them for buying votes. As the head of the election corruption and vote-buying machine, Schafer was sentenced to three and a half years in federal prison. The joint state and federal investigation, which finally busted Schafer’s political machine, “broke up the county’s leadership elite, men who had controlled and manipulated Dillon’s political process since the mid-1960s,” the Times reported.

This was the well-known Jewish criminal that Ben Shalom Bernanke, a student of economics at Harvard, worked for every summer. It is simply impossible that Bernanke was unaware of Schafer’s wide-scale criminal activities, which were legendary in the state. (Now, Bernanke is behind the $85 billion taxpayer-funded bail-out of another Zionist criminal, Maurice R. Greenberg, who ran A.I.G. for decades and who owned some $15 billion worth of A.I.G. stock, before it fell some 94 percent in value.)

The “pain and embarrassment” caused by Schafer’s decades of criminal activity aimed at controlling elections deeply affected the people of Dillon County.

After college, Bernanke earned a doctorate at Massachusetts Institute of Technology, where his adviser was Stanley “Stan” Fischer. Fischer, born in Rhodesia, also happens to be the current Governor of the Bank of Israel. If you look at Bernanke’s biography you will find that he has spent his entire life engaged only in Zionist activities. I have not found any period of Bernanke’s life when he was involved in anything other than Zionism.


Bernanke’s advisor of Zionist economics at MIT was Stan Fischer,
head of the Bank of Israel; here with Ehud Olmert on April 1, 2008.
[Photo AP – Sebastian Scheiner]

(I am working on an article to explain the massive Zionist criminal enterprise of A.I.G., primarily owned by Maurice Greenberg. A.I.G. is much more than insurance fraud, and there is nothing “golden” about it, except for its Israeli subsidiary’s name. Greenberg’s criminal enterprise known as A.I.G. is sprawling and even includes a company (ILFC) that leases and finances aircraft for the airlines and secret government missions such as “enforced renditions.”

One of Greenberg’s aircraft, for example, a Gulfstream 4 with tail number N971L, was involved in the abduction of crew members who survived the Estonia catastrophe in September 1994. Greenberg’s plane left Stockholm’s Arlanda airport with half a dozen “unregistered passengers” and took them to Bangor, Maine, the day after 11 surviving crew members disappeared from Stockholm’s Huddinge hospital.)

This is just a fragment of the criminal activity Greenberg’s A.I.G. is involved in. As I wrote in one of the latest chapters of Solving 9-11, published in July 2008, Greenberg and A.I.G. are both involved in the 9-11 false flag terror attacks:

KROLL, GREENBERG & THE ISRAELIS

Rebuffed in 1987, the Mossad team of Malkin and Shalom didn’t give up on Isser Harel’s prophecy of 9-11, which meant getting the Port Authority security contract. They simply changed tack and decided to work in a less obvious manner, through dedicated and corrupt American Zionists like Jules Kroll and Maurice Greenberg. Shalom went to work for Kroll, according to the online 9/11 Encyclopedia entry for Maurice “Hank” Greenberg, the CEO of the American International Group (A.I.G.) insurance company…

In 1993, Maurice Greenberg became a partner and co-owner of Jules Kroll’s company when A.I.G. bought 23 percent of Kroll. Greenberg is very close to Henry Kissinger, who became chairman of A.I.G.’s International Advisory Board in 1987.


Kissinger and Greenberg

Greenberg was deeply involved in China in the 80s, where Henry Kissinger was one of his representatives, according to the 9-11 Encyclopedia. Through the China trade, Greenberg became close to Shaul Eisenberg, the leader of the Asian section of the Israeli intelligence service Mossad, and agent for the sales of sophisticated military equipment to the Chinese military, it reports. Eisenberg was also the owner of Atwell Security of Tel Aviv…

Maurice Greenberg and Jules Kroll are connected to the key players of 9-11 in so many ways that their connections would fill a book. For the purpose of this chapter, however, there are a few key connections that need to be underlined:

1. Maurice Greenberg and Jules Kroll became partners in 1993, the same year Kroll Associates “was chosen over three other companies to advise the Port Authority on a redesign of its security procedures.” “We have such confidence in them that I have followed every one of their recommendations,” Stanley Brezenoff, the Port Authority executive director, told the New York Times in 1994.

2. Kroll controlled security at the World Trade Center complex in 2001 and was responsible for hiring John O’Neill, the former chief of counterterrorism for the FBI, who died on 9-11, reportedly his first day on the new job.

3. Greenberg’s son, Jeffrey W. Greenberg, became CEO of Marsh & McLennan (MMC) in 1999 and chairman in 2000. The first plane of 9-11 flew directly into the secure computer room of Marsh (Kroll) USA, part of Greenberg’s company. Mark Wood, an eyewitness, said: “It looked like a mid-sized executive jet and the way it turned suggested it was being aimed deliberately at a target.”

There is much more information about Maurice Greenberg’s ties to 9-11 in “The Architecture of Terror: Mapping the Israeli Network Behind 9-11.”


Christopher Bollyn

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Sources:

Associated Press, “Insurer Vows to Sue Consumer Group,” Chicago Tribune, October 30, 1990

Bollyn, Christopher, “The Architecture of Terror: Mapping the Israeli Network Behind 9-11,” July 24, 2008
http://www.bollyn.info/home/articles/911/theisraelinetworkbehind911/

Bollyn, Christopher, ” ‘Ghost Planes’ Make Suspects Disappear: Pentagon has new secret weapon in ‘War on Terror’ ” American Free Press, January 2004
http://www.americanfreepress.net/html/ghost_planes.html

Bollyn, Christopher, “Were Key Survivors from Estonia Catastrophe Kidnapped?” January 2005
http://www.elaestonia.org/eng/index.php?module=lingid&link=133

Bush, George W., “President’s Address to the Nation,” Office of the Press Secretary, September 24, 2008
www.whitehouse.gov/news/releases/2008/09/20080924-10.html

Herszenhorn, David M., “Administration Is Seeking $700 Billion for Wall Street Bailout,” New York Times, September 20, 2008

Masters, Brooke A., “Spitzer Targets Insurance Brokers – Civil Fraud Complaint Charges Marsh & McLennan With Rigging Bids,” Washington Post, October 15, 2004

Morgenson, Gretchen, “A.I.G. Provides Details of Executive Compensation,” New York Times, June 28, 2005

New York Times, “Carolina Revives its Stump Meetings,” May 23, 1982 (Article about Alan Schafer’s criminal activities in Dillon County elections, S.C.)

New York Times, “Excerpts from Complaint Against AIG by New York,” May 27, 2005 (pg. C6)

Treaster, Joseph B., “Insurance Chief Quits in Inq uiry Led by Spitzer,” New York Times, October 26, 2004

Army’s most “blooded” unit, the “Raiders”, deploys to combat civil unrest Oct 1, 2008

The colonel’s remark suggests that, in preparation for their “homefront” duties, rank-and-file troops are also being routinely Tasered. The brutalizing effect and intent of such a macabre training exercise is to inure troops against sympathy for the pain and suffering they may be called upon to inflict on the civilian population using these same “non-lethal” weapons.

Army deploys combat unit in US for possible civil

unrest

Bill Van Auken
WSWS
September 26, 2008

For the first time ever, the US military is deploying an active duty regular Army combat unit for full-time use inside the United States to deal with emergencies, including potential civil unrest.

Beginning on October 1, the First Brigade Combat Team of the Third Division will be placed under the command of US Army North, the Army’s component of the Pentagon’s Northern Command (NorthCom), which was created in the wake of the September 11, 2001 terrorist attacks with the stated mission of defending the US “homeland” and aiding federal, state and local authorities.

The unit—known as the “Raiders”—is among the Army’s most “blooded.” It has spent nearly three out of the last five years deployed in Iraq, leading the assault on Baghdad in 2003 and carrying out house-to-house combat in the suppression of resistance in the city of Ramadi. It was the first brigade combat team to be sent to Iraq three times.

While active-duty units previously have been used in temporary assignments, such as the combat-equipped troops deployed in New Orleans, which was effectively placed under martial law in the wake of Hurricane Katrina, this marks the first time that an Army combat unit has been given a dedicated assignment in which US soil constitutes its “battle zone.”

The Pentagon’s official pronouncements have stressed the role of specialized units in a potential response to terrorist attack within the US. Gen. George Casey, the Army chief of staff, attended a training exercise last week for about 250 members of the unit at Fort Stewart, Georgia. The focus of the exercise, according to the Army’s public affairs office, was how troops “might fly search and rescue missions, extract casualties and decontaminate people following a catastrophic nuclear attack in the nation’s heartland.”

“We are at war with a global extremist network that is not going away,” Casey told the soldiers. “I hope we don’t have to use it, but we need the capability.”

However, the mission assigned to the nearly 4,000 troops of the First Brigade Combat Team does not consist merely of rescuing victims of terrorist attacks. An article that appeared earlier this month in the Army Times (“Brigade homeland tours start Oct. 1”), a publication that is widely read within the military, paints a different and far more ominous picture.

“They may be called upon to help with civil unrest and crowd control,” the paper reports. It quotes the unit’s commander, Col. Robert Cloutier, as saying that the 1st BCT’s soldiers are being trained in the use of “the first ever nonlethal package the Army has fielded.” The weapons, the paper reported, are “designed to subdue unruly or dangerous individuals without killing them.” The equipment includes beanbag bullets, shields and batons and equipment for erecting roadblocks.

It appears that as part of the training for deployment within the US, the soldiers have been ordered to test some of this non-lethal equipment on each other.

“I was the first guy in the brigade to get Tasered,” Cloutier told the Army Times. He described the effects of the electroshock weapon as “your worst muscle cramp ever—times 10 throughout your whole body.”

The colonel’s remark suggests that, in preparation for their “homefront” duties, rank-and-file troops are also being routinely Tasered. The brutalizing effect and intent of such a macabre training exercise is to inure troops against sympathy for the pain and suffering they may be called upon to inflict on the civilian population using these same “non-lethal” weapons.

According to military officials quoted by the Army Times, the deployment of regular Army troops in the US begun with the First Brigade Combat Team is to become permanent, with different units rotated into the assignment on an annual basis.

In an online interview with reporters earlier this month, NorthCom officers were asked about the implications of the new deployment for the Posse Comitatus Act, the 230-year-old legal statute that bars the use of US military forces for law enforcement purposes within the US itself.

Col. Lou Volger, NorthCom’s chief of future operations, tried to downplay any enforcement role, but added, “We will integrate with law enforcement to understand the situation and make sure we’re aware of any threats.”

Volger acknowledged the obvious, that the Brigade Combat Team is a military force, while attempting to dismiss the likelihood that it would play any military role. It “has forces for security,” he said, “but that’s really—they call them security forces, but that’s really just to establish our own footprint and make sure that we can operate and run our own bases.”

Lt. Col. James Shores, another NorthCom officer, chimed in, “Let’s say even if there was a scenario that developed into a branch of a civil disturbance—even at that point it would take a presidential directive to even get it close to anything that you’re suggesting.”

Whatever is required to trigger such an intervention, clearly Col. Cloutier and his troops are preparing for it with their hands-on training in the use of “non-lethal” means of repression.

The extreme sensitivity of the military brass on this issue notwithstanding, the reality is that the intervention of the military in domestic affairs has grown sharply over the last period under conditions in which its involvement in two colonial-style wars abroad has given it a far more prominent role in American political life.

The Bush administration has worked to tear down any barriers to the use of the military in domestic repression. Thus, in the 2007 Pentagon spending bill it inserted a measure to amend the Posse Comitatus Act to clear the way for the domestic deployment of the military in the event of natural disaster, terrorist attack or “other conditions in which the president determines that domestic violence has occurred to the extent that state officials cannot maintain public order.”

The provision granted the president sweeping new powers to impose martial law by declaring a “public emergency” for virtually any reason, allowing him to deploy troops anywhere in the US and to take control of state-based National Guard units without the consent of state governors in order to “suppress public disorder.”

The provision was subsequently repealed by Congress as part of the 2008 military appropriations legislation, but the intent remains. Given the sweeping powers claimed by the White House in the name of the “commander in chief” in a global war on terror—powers to suspend habeas corpus, carry out wholesale domestic spying and conduct torture—there is no reason to believe it would respect legal restrictions against the use of military force at home.

It is noteworthy that the deployment of US combat troops “as an on-call federal response force for natural or manmade emergencies and disasters”—in the words of the Army Times—coincides with the eruption of the greatest economic emergency and financial disaster since the Great Depression of the 1930s.

Justified as a response to terrorist threats, the real source of the growing preparations for the use of US military force within America’s borders lies not in the events of September 11, 2001 or the danger that they will be repeated. Rather, the domestic mobilization of the armed forces is a response by the US ruling establishment to the growing threat to political stability.

Under conditions of deepening economic crisis, the unprecedented social chasm separating the country’s working people from the obscenely wealthy financial elite becomes unsustainable within the existing political framework.

Battle Plan for the 50 States

By: Devvy
September 22, 2008

© 2008 – NewsWithViews.com

“The powers delegated by the proposed Constitution to the federal government are few and defined. Those which are to remain in the State governments are numerous and indefinite.” – James Madison, “Federalist No. 45,” Jan. 26, 1788

Last week, with the blessing of Bush and most of the U.S. Congress, the robber banker barons threw gasoline onto a bonfire. The financial Mt. Vesuvius hasn’t blown yet, but it will, and what was done last week and most likely through today, will be horrific. America has crossed the Rubicon.

Rage continues to build across this country with good reason. It was building back in October, 2003, when I wrote my column, It’s All Over Grab the Muskets. Change comes one city, one town, one county at a time. If you don’t try, the bad guys win by default. Great success has come from groups and organizations all over this country on issues like Agenda 21 because all politics are local. We have two levels of government: federal and state. If the states of the Union do not step up to the plate come January and repel the destruction of their sovereignty by the federal machine, they will become nothing more than occupied territories.

The citizens of the states: Your time has come to either step up to the plate or submit to human bondage. I know that millions of caring, decent Americans are trying to fight this leviathan monster out of Washington, DC., but as time has shown, between a completely broken judicial system, rotten career politicians and ignorant, uninformed, disinterested and special interest group voters, we are losing ground. As we continue to see the shredding of the Bill of Rights, Americans are becoming more afraid of the federal government. Take this 13:23 minute video. Watch it. What you see are Americans who have invested time and money into making a short film because they see the real time danger facing this republic by a growing police state under the guise of “for our own good” agencies like the Department of Homeland Security and FEMA. Nothing could be further from the truth.

Americans continue to see the brutality out there by paramiliarized law enforcement against we the people for exercising peaceful assembly. Years ago, I brought to readers attention the treason by darling of FAUX News, Oliver North:

“1987: Then U.S. Attorney General William French Smith blew the whistle on a fairly low ranking Marine officer by the name of Oliver North. According to Smith, Lt. Col. Oliver North directly helped draft a plan in 1984 to impose martial law in the United States in the event of an emergency. This secret plan would suspend the U.S. Constitution and turn over control of the government to the little known agency at that time: FEMA. This plan would appoint military commanders to run state and local governments. Implementation of this plan would have been triggered by violent and wise spread internal dissent, disagreement with government policy or national opposition to any U.S. military invasion abroad. Essentially, it amounted to a complete and total suspension of the U.S. Constitution and Bill of Rights.”

As we all saw with Katrina, the military was brought in and the inalienable rights of the American people were simply stomped on. In the same link above, I brought your attention to a look into the future regarding military control of the civilian population:

The next real war we fight is likely to be on American soil.
Our civilian-military face-off (November 30, 1997)

“One startling quote in this article is from Admiral Stanley Arthur, Commander of U.S. naval forces during the Gulf War, where he says, “Today the armed forces are no longer representative of the people they serve. More and more, enlisted as well as officers are beginning to feel they are special, better than the society they serve.”

“When you turn to page two of this story, the headlines read, “Bill of Rights no obstacle for the Corps.” Another disturbing quote jumps out at you, “Because of the rising potential for civil disobedience within the inner cities it is ‘inevitable’ the U.S. military will be employed more often within American borders.”… Why the concern that there is a potential for civil disobedience by Americans? Where did this come from? …..

“Further into this shocking story: “…Major Reeves notes, when faced with violating doctrine or violating the law, some Marines chose the latter course and detained suspects and conducted warrant less searches. Indeed, with characteristic Marine Corps bluntness, the major states that, “in interviews with Marine officers involved in domestic peacekeeping missions with officers responsible for articulating the Marine Corps’ policy on domestic peacekeeping, it became apparent to the author that Marines took whatever action was necessary. At times, these actions required Marines to violate U.S. law.

“Similarly, Marine Capt. Guy Miner reported in the Gazette that Marine intelligence units were initially worried by the need to collect intelligence on U.S. citizens, which would violate a 1981 Executive Order, but that “this inhibition was quickly overcome….” And to chill you even further, “To enable the Marines to execute these new domestic missions in the same way that they do abroad, Major Reeves calls for major alternations in U.S. laws. “Experience from the Los Angeles riots,” he warns, “demonstrated the need to grant U.S. Marine forces the legal right to detain vehicles and suspects, conduct arrests, searches and seizures in order to accomplish the peacekeeping mission.”

Go ahead, print out the newspaper and read it. If this doesn’t give you the daytime version of pavor nocturnus, then you don’t grasp the severity of the problem. We are seeing more and more domestic spying on Americans, no knock searches killing innocent people, warrant less searches on flimsy probable cause and ‘civilian check points’ on our roads and highways. The misnamed ‘Patriot Act’ continues to be abused by federal dragoons. This is NOT the America thousands spilled their blood for on the battle fields during the Revolutionary War.

In my last column, I once again covered the National ID and it’s real purpose. Coming on the heels of this massive financial melt down that will only get WORSE going into next year, consider this headline:

Brigade homeland tours start Oct. 1

“3rd Infantry’s 1st BCT trains for a new dwell-time mission. Helping ‘people at home’ may become a permanent part of the active Army.

“They may be called upon to help with civil unrest and crowd control or to deal with potentially horrific scenarios such as massive poisoning and chaos in response to a chemical, biological, radiological, nuclear or high-yield explosive, or CBRNE, attack.”

It all sounds quite innocent with the mission of “helping” Americans. Just like Katrina. Benevolent mother government. Until you remember the plan Oliver North drew up and the previously mentioned blue print for the Marines to inject themselves into the civilian sector. All triggered by “violent and wise spread internal dissent, disagreement with government policy or national opposition to any U.S. military invasion abroad” or “rising potential for civil disobedience within the inner cities it is ‘inevitable’ the U.S. military will be employed more often within American borders.”

A substantial number of Americans believe this is a gross misuse of our military under The Posse Comitatus Act, a United States federal law (18 U.S.C. § 1385) passed on June 16, 1878, prohibiting most members of the federal uniformed services (the Army, Air Force, and State National Guard forces when such are called into federal service) from exercising nominally state law enforcement police or peace officer powers that maintain “law and order” on non-federal property (states, their counties and municipal divisions). In other words, the PCA limited to a great degree the powers of the federal government to use active military for law enforcement.

There have been more laws enacted by Congress over the years explicitly allowing the military to be used in certain domestic scenarios. Legal hawks say the most significant is the ‘Military Support for Civilian Law Enforcement Agencies Act of 1981 (“MSCLEA”), the purpose of which is to allow the exchange of information and services between military and law enforcement “when necessary” to protect the people and interests of the United States.

Major Craig T. Trebilcock, U.S. Army Reserve, penned a paper titled, ‘The Myth of Posse Comitatus‘, in October 2000, where he said: “Is the Posse Comitatus Act totally without meaning today? No, it remains a deterrent to prevent the unauthorized deployment of troops at the local level in response to what is purely a civilian law enforcement matter.”

Really? Did you forget New Orleans and WACO, Major Trebilcock? His paper was a justification for use of military within the states of the Union for “domestic terrorism.”

It is far too easy for these types of laws to end up being used against the civilian population as evidenced by the rise of Adolph Hitler. For an excellent overview of how Hitler took power, mirroring what we have seen the past seven years, see here.

As I said earlier, the rage has been growing exponentially over the past two decades as government becomes more oppressive and now with these monstrous bail outs, looting and pillaging we the people until we end up in rags, the people are really getting steamed:

Mad as hell – taxpayers lash out
We asked you what you had to say about the bailout, and we heard you loud and clear: ‘No way!’

“NO NO NO. Not just no, but HELL NO,” writes Richard, a reader from Anchorage, Alaska. “This is robbery pure and simple,” Anna from Denver posted on CNNMoney.com’s TalkBack blog this weekend. “It’s our money! Let these companies die,” added Claudio from Plainville, Conn.” For part two click below.

Click here for part —–> 2,

© 2008 – NewsWithViews.com – All Rights Reserved

What happened to the Big Bang machine?

By Paul Rincon
Science reporter, BBC News

cern

Superconducting magnets are cooled down using liquid helium

The fault that has shut down the Large Hadron Collider (LHC) will be hugely disappointing for scientists and engineers following the successful “start-up” of the experiment.

It is now over a week since the first beams were fired around the accelerator’s 27km (16.7 miles) underground ring. The crucial next step is to collide those beams head on.

But hopes that the first trial collisions would be carried out before the machine’s official inauguration on 21 October now seem to have been dashed. It even looks uncertain whether this can be achieved before 2009.

The failure on 19 September – described as a “massive” magnet quench – certainly seems dramatic: it caused the temperatures in about 100 of the LHC’s super-cooled magnets to soar by as much as 100 degrees.

The fire brigade had to be called after a tonne of liquid helium leaked out into the LHC tunnel.

If you keep an eye on the big picture, we’ve been building the machine for 20 years
James Gillies
Cern’s director of communications

One of the LHC’s eight sectors will now have to be warmed up to well above its operating temperature of 1.9 kelvin (-271C; -456F) – which is colder than deep space – so that repairs can take place.

But the European Organization for Nuclear Research (Cern), which operates the LHC, maintains the setback is a relatively minor one in the grand scheme of things and poses no longer-term threat to the LHC.

“If you keep an eye on the big picture, we’ve been building the machine for 20 years. The switch-on was always going to be a long process,” James Gillies, Cern’s director of communications, told BBC News.

“A year or two down the line, this moment will be a distant memory, and we’ll be running smoothly.”

This incident is the latest in a line of setbacks during the construction and testing of this impossibly complicated machine built 100m beneath the French-Swiss border.

Flood threat

Serious difficulties were encountered when boring an artificial cavern designed to house the Compact Muon Solenoid (CMS), one of the LHC’s massive detectors – which are designed to monitor beam collisions for interesting events.

The cavern shaft had to be bored through a 50m layer of glacial deposits – including fast-flowing water – which threatened to flood the hole.

Engineers had to create a 3m-thick wall of ice around the circumference of the shaft as a barrier to the underground rivers.

In April 2007, part of a magnet ruptured suddenly during pressure testing. The incident prompted an evacuation of personnel behind the tunnel safety perimeter.

Later that year, a problem was uncovered with a handful of “plug-in modules”, or PIMs, which link the beam tube of one superconducting magnet to another. Engineers found sliding parts inside the modules had buckled into the beam pipe.

Superconducting magnet (Cern/M. Brice)

Super-cooling the magnets to -271C allows them to conduct electrical current without resistance

The LHC was expected to be complete by 2006, so a further delay of two months is unlikely to faze particle physicists who are waiting to begin harvesting data once the machine begins colliding its two beams of protons together at high energies.

The machine has more than 1,200 “dipole” magnets arranged end-to-end in the underground ring. These magnets carry and steer the proton beams which will whizz around the machine at close to the speed of light.

Chilling them to 1.9 Kelvin – where even helium gas is turned into a liquid – makes them “superconducting”.

This allows the magnets to conduct electrical current without resistance, thereby generating the large magnetic fields required to steer the beams while at the same time consuming relatively little power.

A quench occurs when part of a superconducting magnet heats up and becomes resistant to electrical current; the magnet essentially starts to lose its superconducting properties.

Engineers have a system in place to deal with this issue, but in this case, the quench created a hot spot in the magnet which got out of control and damaged hardware. The current problem appears to have affected the “bus bar” – a cable that carries current between the two magnets.

‘Helium leak’

“What appears to have happened… is that there was a faulty connection in the bus bar,” Mr Gillies told BBC News. He described this connection as a hi-tech version of a soldering joint to link the two stretches of cable together.

“The bus bar quenched, and that connection seems to have melted. The melting appears to have caused the helium leak.

“It seems to be a badly made connection – but this all has to be confirmed once we have had the chance to take a look at it.”

The incident occurred during the final test of the last of the LHC’s electrical circuits to be commissioned.

Cern says such problems are par for the course considering the vast complexity of the project. However, since the official start-up on 10 September, the organisation, which is based in Geneva, has had to deal with a level of media scrutiny it has never encountered before.

The two-month halt means there will now be a much smaller window in which to try for the first low energy collisions before the LHC shuts down for the winter – which is done in part to save money on electricity.

But Mr Gillies refused to rule anything in or out, and said a more complete picture of both the impact on the schedule and the nature of the fault itself would emerge next week, after engineers have had time to carry out their analyses.

Source

Concerns from LHC Facts -