Western Democracy: A Farce And A Sham

November 3, 2011

Paul Craig Roberts
Infowars.com
November 3, 2011

Every day that passes adds to the fraudulent image of what is called Western democracy.

Consider that the entire Western world is outraged that the Greek prime minister announced that he is going to permit the Greek people to decide their own fate instead of having it decided for them by a handful of banksters, politicians, and bureaucrats living it up at taxpayer expense at “talks” in the French resort of Cannes on the Mediterranean.

The Greek economy is facing its fourth year of decline and lacks the revenues to service its national debt held by private European banks. The banks don’t want to lose any money, so a handful of power brokers reached an agreement with representatives of the Greek government to write off some of the debt in exchange for EU capital subsidies to be financed by inflicting severe austerity on the Greek population. Wages, salaries, pensions and medical care are being cut while the rate of unemployment rises to depression levels. Government employees are laid off. Valuable public properties are to be sold to private parties for pennies on the dollar. In short, Greece is to be looted.

Large numbers of Greeks have been in the streets protesting the austerity policy and have reached the point of anger of throwing Molotov cocktails at the police. Greece is disintegrating politically. The Greek people sense that the EU “bailout” is not bailing out Greece. It is bailing out the French, Dutch, and German banks at the expense of the Greek people.

The Greek prime minister, watching his party’s support and power crumble, announced that he would let the people decide in a referendum. After all, allegedly that’s what democracies do. But it turns out that “we have freedom and democracy” is not supposed to be taken literally. It is merely a propagandistic slogan behind which people are ruled through back-room deals decided by powerful private interests.

The Greek prime minister’s announcement that he would put the back-room bailout deal to a referendum shocked the EU hierarchy, Washington, and investors. Who does this Greek guy think he is permitting the people, who bear the cost of the deal, to have a say in it? Who let this Greek guy out of his cage? This is not the way democracies are ruled.

The EU power brokers are outraged over the Greek prime minister’s departure from normal procedure. But the Greek PM is relying on the Greek people to approve the deal, and not without reason.

The Greek people have been brainwashed for decades as to the importance of “being part of Europe.” That means being a member of the European Union. When the Greeks realize that voting down the bailout of the banksters means being thrown out of the European Union, which is what they will learn between now and the referendum, they will vote for the back room deal.

Polls already indicate this. A poll for a Greek newspaper indicates that whereas 46% oppose the bailout, 70% favor staying in the EU, which the Greeks see as a life or death issue.

If this poll is a reliable indicator, the Greek PM has made a brilliant political decision. The Greek people will vote in favor of what they have been protesting violently in the streets. As the Greek people will do themselves in, the politicians are off the hook. This is the bet that the Greek PM has placed.

Whatever the outcome, keep in mind that the entire Western political and investor world was shocked that a politician, instead of simply imposing a back room deal, said he would let the people decide. Letting the people decide is a no-no in Western democracies.

If you need more evidence of this mythical creature called “Western democracy,” consider that Western governments are no longer accountable to law. Contrast, for example, the sexual harassment charges that are plaguing US presidential candidate Herman Cain’s campaign with the pass given to high government officials who clearly violated statutory law.

What follows is not a defense of Cain. I take no position on the charges. The real point is different. In America the only thing that can ruin a politician is his interest in sex. A politician, for example, George W. Bush, Dick Cheney, B. Omama, cannot be ruined by violating United States and international law or by treating the US Constitution as a “mere scrap of paper.” Bush and Cheney can take America to wars based entirely on lies and orchestrated deceptions. They can commit war crimes, murdering large numbers of civilians in the cause of “the war on terror,” itself a hoax. They can violate US and international laws against torture simply “because the president said so.” They can throw away habeas corpus, the constitutional requirement that a person cannot be imprisoned without evidence presented to a court. They can deny the right to an attorney. They can violate the law and spy on Americans without obtaining warrants. They can send due process to hell. In fact, they can do whatever they want just like Hitler’s Gestapo and Stalin’s secret police. But if they show undue interest in a woman or proposition a woman, they are dead meat.

Very few commentators have said a word about this. The House of Representatives did not impeach President Bill Clinton for his war crimes against Serbia. They impeached him for lying about a sexual affair with a White House intern. The US Senate, which had too many sexual affairs of its own to defend, didn’t bother to try to convict.

This is Amerika today. A president without any authority whatsoever, not in law and certainly not in the Constitution, can assassinate US citizens based on nothing except an assertion that they are a “threat.” No evidence is required. No conviction. No presentation of evidence in any court. Just a murder. That is now permissible to the Amerikan president. But let him try to get a woman who is not his wife into bed, and he is a cooked goose.

In Amerika there is no such thing any longer as torture; there is only “enhanced interrogation.” A mere word change has eliminated the crime. So torture is permissible.

In Amerika today, or in the UK and the EU, anyone who tells the truth is a “threat.” Julian Assange of Wikileaks, who made public information leaked to him by US government sources horrified by the criminal actions of the United States government, is now, as a result of Amerikan pressure on UK courts, being turned over to Sweden, which, for favors from the “world’s only superpower,” will turn him over to the US regardless of law to be prosecuted on trumped-up charges.

Western “civilization” is totally corrupted by American money. There is no integrity anywhere. For a decade Washington has been murdering women, children, village elders, and journalists in the name of the hoax “war on terror.”

What terror does the world actually see? The world sees the terror that Israel, protected by Washington, inflicts on the Palestinians. The world sees the terror that the US inflicts on Serbia, Iraq, Afghanistan, Pakistan, Yemen, Somalia, Libya, Latin America and now Africa, with Syria, Lebanon, and Iran waiting in the wings. The “war on terror” is nothing but an orchestrated invented excuse for Amerika-Israel to achieve hegemony while enriching their armaments industries.

In Greece, at least the PM committed to giving the people a say in their fate. In America the people have no voice whatsoever. The sheeple are content to be protected by “security,” porno-scanners, warrantless wiretapping, indefinite detention, and sexual groping. To carry on the hoax “war on terror,” the US government has elevated itself above the law.

The American effort to achieve accountability to law, the Occupy Wall Street (OWS) movement, if not shut down by cold weather, ice, and snow, is likely to be shut down by police violence. One riot begun by provocateurs is all it takes to transform protesters into “domestic extremists,” the number one concern of Homeland Security. The presstitute media will make the case against the rioters, and the sheeple will buy it.

The police have been militarized by Washington. Community police forces no longer represent the local public that pays their salaries. Local police represent Washington’s war against America.

American citizens are all suspects. Anyone who goes through airport security knows this. The only law that the US government obeys is not even a law. It is a bureaucratic regulation that prevents, even in dire wartime, any profiling of suspects by ethnicity or country of origin.

Consequently, all native born, flag-waving, American super-patriots are suspects when they board commercial airliners. Americans who have a life time of security clearances are subject to being porno-scanned or sexually groped. Airport Security cannot tell a “terrorist” from a CIA analyst, a Marine general or a US Senator.

Well-connected members of the ruling elite, such as Michael Chertoff, can become rich from selling the porto-scanners to taxpayers in order “to protect the public from terrorists.”

The only terrorists Americans will ever experience are those funded by their own tax dollars within their “own” government. A people incapable of perceiving its real peril has no chance of surviving. America might be a military superpower, but it no longer exists as a free country with accountable government and a rule of law.

Dr. Paul Craig Roberts is the father of Reaganomics and the former head of policy at the Department of Treasury. He is a columnist and was previously an editor for the Wall Street Journal. His latest book, “How the Economy Was Lost: The War of the Worlds,” details why America is disintegrating.

Filed under World Tagged with , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The Debt Crisis Is A Trojan Horse To Cause The Fall of America

August 2, 2011 1 Comment

by Saman Mohammadi
The Excavator
August 2, 2011

“A sovereign nation can always find the money to pay debts owed in its own currency. The U.S. could, if it wished, pay its bills using debt-free U.S. Notes or Greenbacks, just as President Lincoln did to avoid a crippling debt during the Civil War. Alternatively, it could eliminate the deficit with Ron Paul’s plan, which amounts to the same thing.” – Ellen Brown, “Forget Compromise: The Debt Ceiling Is Unconstitutional.”

Behind all the flim-flammery of this manufactured “crisis,” we are watching the creation of a new form of government — or rather, the further mutation of the new form of government that the United States has been crawling toward for a long time. We called it a “neo-feudal oligarchy backed by a militarist police state” here the other day. No doubt there are many other ways you could describe this murderous, ravenous, lopsided monstrosity of a system. But the one thing you cannot call it is a “republic.” – Chris Floyd, “If the Republic Had Not Died A Long Time Ago, This Would Indeed Be the Death of the Republic (Reprise).”
“Well, we are reportedly 48 hours out from a total default on the debt to the foreign governments and private Federal Reserve that have taken over this country through economic fraud, and have engaged in a conquest that the British Empire couldn’t succeed in, that Hitler couldn’t succeed in, that the Soviets couldn’t succeed at. They have conquered us through fraud by stealth. But, the moment you become aware of the private banking cartel’s global government that they’re publicly admitting now they’re setting up, that you’ll pay your VAT taxes to, your carbon taxes, and the rest of it – the minute you’re aware of it then their power begins to wane.
That’s why the banksters are setting up a homeland security control grid in every country they’re in under international agreements and rules to crackdown and go after anybody that criticizes the private central banks running those nations. When you get the internal training manuals from England to Australia, from Germany to Canada, to the United States, it is the same thing. The public is told, “Give your rights up because al-Qaeda is hiding underneath every table,” but when you get the actual manuals its people that don’t want to give up their sovereignty to the global government.” – Alex Jones, “The Debt Crisis: Banksters, Thugs and Crooks,” from 04:42 to 06:04.

“They are slaves who dare not be in the right with two or three.” – James Russell Lowell

The long transformation of America from a relatively free society into a full-fledged, technocratic police state is now complete. President Barack Obama and political leaders from both major parties are getting ready to completely turn over America’s sovereignty to the traitorous private banking cartel and multinational corporations.
The gang of liars and crooks behind the private Federal Reserve Bank seized America’s sovereignty on December 23, 1913, when the illegal and unconstitutional Federal Reserve Act was signed into law by President Woodrow Wilson.
The Act ensured the protection of a criminal monopoly of America’s credit in the hands of a few powerful banking families who have no loyalty to any nation, people, or system of law: they only have loyalty to their own power and their own bottom line.
With America in their pockets, the private banksters went ahead with phase two of their deceitful plan to dominate the world’s credit, natural resources, and peoples – the creation of a global authoritarian state that is beholden to their interests.
Generations of anti-freedom and anti-American turncoats in Washington have went along with this treasonous, century-long plan by elite private banking families and multinational corporations to covertly establish an unlawful global economic, governmental and political infrastructure to phase out the nation-state system and consolidate world power into a tiny global oligarchy.
The plan to destroy the American economy and establish a dictatorial global government was accepted by the political and technocratic elite in Washington a while ago. President Barack Obama and House Speaker John Boehner are simply going through the motions in the historic farce that is being presented to the American public and the world as a political debate about a debt crisis.
The truth is that most of America’s debt is fictitious debt. It is odious debt. The traitors who control the Democratic and Republican parties, the Federal Reserve, and the Department of the Treasury will never tell the American people the truth because the truth is the greatest threat to their existence and treasonous schemes.
If the American people knew the truth about the Federal Reserve they would hang their political leaders, from George H. W. Bush to Bill Clinton, to George W. Bush and Barack Obama. As Henry Ford said, “It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
The last real American president was John F. Kennedy. The Presidents who came after him made peace with the fact that America is owned and operated by an international financial oligarchy that views the American people as slaves. Most politicians who climb the ladder of blood and lies in Washington believe the elitist arguments that the American people are not fit for self-government and deserve to be ruled by a small power elite.
But the exact opposite is true. Society has more to fear from an arrogant and psychopathic elite than an undisciplined mob. The dangers of a dictatorial, collectivized and privately controlled world government to humanity are beyond words. And the fact that so many people refuse to see the writing on the wall and point out the construction of this monster from hell is a big sign that we’re heading for disaster. Millions of innocent people die, get beaten, and tortured whenever political and economic power is centralized, and controlled by a ruthless, unaccountable elite.
If we do not resist the treasonous private banks and criminal corporations with our words and our lives, generations of men and women will live through a global catastrophe caused by these savage tyrants. It is a tragedy that the Russian people know well because of their experience of living under a godless, and centralized system.
America is the one nation that has been in the grips of the traitorous forces who are bringing this global government beast into the world through acts of deception, treason and fraud. America is also the one nation that can change the fate of the world by bringing down this beast before it sets the whole world on fire and reclaims it as its own after the rubble has settled.
But first, America must rediscovers its destiny as a revolutionary nation that put the freedom of the individual and the rule of law above the whim of tyrants.
In 1976, two hundred years after the signing of the Declaration of Independence, American philosopher William Irwin Thompson wrote in his book, “Evil and World Order,” that modern America has lost touch with its founders’ vision for the country and the ideals of America when it was created, saying:

As the Church lost the vision of its founder, so has the country lost the vision of its founding fathers, but now that industrial society is strangling in its own contradictions, we have one last chance to re-vision human society. (Thompson: Evil and World Order; Harper & Row, Publishers: New York; pg. 13-14).

The restoration of the rule of law and the survival of freedom rests in the hands of the American people, but the enemy of both is an undemocratic oligarchy that is destroying America’s constitutional institutions and national sovereignty from within Washington, not Jihadist terrorists.

Filed under World Tagged with , , , , , , , ,

Reaping What Bretton Woods Has Sown

April 9, 2011

The International Forecaster
April 2, 2011

The seeds of today’s monetary problems were laid at Bretton Woods, NH in 1944, as a combination of socialists, communists and fascists laid the groundwork for the IMF, the World Bank and the eventual elimination of gold from the monetary world. The Federal Reserve’s role was to bring that about from behind the scenes.

In the intervening years in order to move toward those goals the banking system run by the privately run Federal Reserve, allowed banks, some of which were run by the owners of the Fed, such as JPMorgan Chase, Goldman Sachs and Citigroup, were allowed to run rough shod over the system, always knowing they would be bailed out by the public. These banks have had and continue to have a license to steal under the illegal Federal Reserve Act. Over and over again these banks, Wall Street, insurance companies and transnational corporations have been bailed out of their speculations under the aegis of too big to fail. The excuse has always been that it must be done to protect the public. These entities got to keep the gains and the public got to share in the losses. The public and 95% of those working on Wall Street and banking didn’t have a clue to what was really going on. The Fed and other major central banks were not only playing this Fed game domestically, but internationally as well. Over those years the Fed had been designated the lender of last resort. We saw them in action over the last 3-1/2 years during what was termed the credit crisis. The Fed’s job was to bail out not only the US banking system rent asunder by bank speculation in the mortgage market, but to also bail out the buyers of such mortgages, known as MBS and CDOs, sold to British and European banks and other financial entities, which had purchased 60% of the toxic waste. If you notice not one of these lenders or buyers ever filed a civil or criminal suit against these purveyors of what has become to be known as toxic waste. We can only speculate, but we believe the dumping ground for this mortgage garbage was preset and that some of the buyers if not all were guaranteed by the Fed that if problems arose they would be bailed out and one way or another made whole. The Fed attempted to hide what they were doing and a lawsuit has finally forced them to divulge, who received funds created by the Fed, some $13.8 trillion, why and what collateral was accepted for such loans and have such loans been repaid. Another program called TARP was set up by the Treasury to bail out Wall Street, banking and transnational conglomerates all involved in this tight little circle of anointed corporations. This bailout program was accomplished by Treasury Secretary Paulson. He told Congress if the funds were not forthcoming for the insiders to bail themselves out via speculation based on inside information, then he would see to it that the financial system was brought down and destroyed. The high-handed ruse or extortion worked and these miscreants received their funds from the public Treasury, as well as from the Fed.

Gold backing for the US dollar was part of the result of the conference at the Mount Washington Hotel in Bretton Woods in that July of 1944. We have to interject here that in 1946 or 1947 I climbed Mt. Washington and once I reached the hotel it started snowing. Yes, snowing in August. The group of us from the camp quickly raced back down through the forest to better climes, which the snow failed to reach. Thus, 2 or 3 years after that historic meeting, I briefly visited that hotel, of course, not knowing what had taken place there.

 

George Soros, one of the world's strongest pushers for Global Financial and Economic consolidation.

This UN Monetary and Financial Conference, which included the International Bank for Reconstruction & Development, which became the World Bank, which was to make loans to the rubble that was to be Europe in 1945, and to which those economies, promote monetary cooperation and fix exchange rates, and eventually to eliminate the use of gold, as the backing and basis for international currency exchange, replacing gold with a fiat paper standard controlled by the Federal Reserve. The discipline of gold was to eventually be phased out of the system, so that the fed could create money out of thin air. This would be a perpetual tax on Americans as their currency dropped in value versus gold over the years. Currencies would no longer be exchanged in terms of their gold value. This was called a gold exchange standard. The public could not exchange US notes or Federal Reserve notes for gold, but nations could. The value of currencies versus one another, all of which were backed by gold was set by supply and demand. If a nation created too much currency the value of their currency would fall versus gold and other currencies. This method of monetary policy had previously been set into law by the passage of the Federal Reserve Act. The concept was to eventually have a world bank that would create a fiat currency for all nations that would supersede all other currencies. That, of course, is still underway today as elitists strive for a one-world currency and a new-world order. These concepts were promulgated and put in place by well-known Fabian socialist John Maynard Keynes, who as we reflect back was the author of an economic system that was corporatists fascist and the then Treasury Secretary, Harry Dexter White, who was a communist. It took 27 years, and on August 15, 1971, President Richard Nixon removed the US dollar from the gold exchange standard. That is how the fiat dollar was generally planned and that is why we have non-gold Federal Reserve notes today, instead of a gold backed currency.

 

The elitists’ corporatist fascist model is not working very well. The Fed, the Bank of England and Western banks have serious problems and throwing money at the problems is not working. Of course, do they want the solution to work? This depression they have deliberately created is not working the way they envisioned it would. In fact they are having trouble keeping it under control. We have just seen what is called a “black Swan” event. An earthquake, an untoward event, which ostensibly came from out of the blue. We’ll surmise that until we have empirical evidence that man did not create it. These are the kind of unplanned events that throw the elitist plans off kilter. It throws the direction of neo-liberal capitalism in several different directions. This is the system so prevalent in Europe, where profits are privatized and losses are socialized and become a debt that has to be paid by the people. This system, which we now have in America, keeps Wall Street and banking in power. This is accomplished by bailouts when the anointed corporations get themselves in trouble as we see in America today and in Europe as well. The state in our case by the privately owned Federal Reserve losses are monetized and appear in part in the form of higher inflation. It also comes in the form of public debt that has to be repaid by the taxpayer. Eventually the debt consumes the host.

As a result it is only a matter of time before the system unravels. The fractional banking system does not work and never has worked. The players who run the system know that. History is replete with instances of failure, which are well known to elitists. The collapse of the Lombard System in 1348, the year of the plague, and the collapse of the Hanseatic League in the early 1600s, are but two of scores of failures, most of which were deliberately planned. Fractional banking for those of you who do not know what it is, takes place when a lender lends more money than he can collateralize. The rule of thumb over the centuries has been to lend no more than eight times assets. Today that number is 40 times as assets. That is why most major western banks are broke. Any major untoward event could presently collapse the current system. In addition, some 10% of the basic assets of these banks are worthless. These banks are still in serious trouble in spite of receiving trillions of dollars in bailout funds of one kind or another. What happens when interest rates rise, which they must? The banks will be in trouble, as inflation rages. If that wasn’t bad enough contagion could also affect the banking system. That is when one bank borrows from another and then cannot get their funds back. That happened 3-1/2 years ago and the Fed stepped in and secretly guaranteed deposits. In this process of saving Wall Street and banking the public is put at enormous risk, which is a pattern used over and over again over the centuries.

These events naturally lead us to the dollar, which for months has had little sustainable strength either fundamental or technical. The run to 89 on the USDX ended in failure, and the recent strength at and near 75 was tepid at best. The recent intervention by the G-7 to weaken the yen, which has moved from 76 to 83, was really a backhanded attempt to stage a dollar rally, especially when you consider the absorption of Japanese Treasury sales, which is really what the exercise was all about. Needless to say, the NYC elitists needed the Japanese problem like they needed a hole in the head. The baggage the US dollar has is overwhelming. The government is being 70% to 80% financed by the Fed, which creates money and credit out of thin air. The federal deficit for the fiscal year will be $1.7 trillion. The US has two occupations and two ongoing wars costing billions of dollars a month. Municipalities and states are in dire financial straights and the economy would collapse without quantitative easing and stimulus. A rather sad state of affairs. Incidentally, we called the recent bottom on the dollar, but more importantly, we called the top at 89. Dollar and Treasury bond weakness will be exacerbated by the Middle East and North African revolutions and the ultimate result will be the demise of the petro dollar, which has always been the underlying strength to the dollar. The US, UK and France guaranteed safety for the oil producers, they denominated oil in US dollars, and they deposited their profits in NYC, London and Paris for management. The policy may well be at an end. If so that will be the end of regional purchases of US T-bonds. Thus, the loss of Chinese, Japanese and Gulf purchases will cancel out 70% of US Treasury purchases. These events could very well lead to the collapse of the Treasury bond market essentially leaving only the Fed as a buyer. As we predicted months ago the second half of 2011 will bring an implosion of US Federal debt, municipal and state debt, British debt and a collapse in EU debt and the beginning of the end for the euro. Along with 14% inflation gold and silver will rocket upwards.

The latest insult to American consciousness is a proposed cut in the budget deficit of $33 billion. That isn’t even cosmetic. In a budget with a $1.7 trillion deficit that isn’t even chump change. Can you imagine what the rest of the world is thinking? Try to sell treasuries under those conditions? The House is totally out of touch with reality. It takes its orders from Wall Street and banking. That has never been more obvious.

Hundreds of municipalities will fail in 2011 as well as some states. Austerity will continue for the average American citizen. That means GDP will fall from 70% by consumers to 68.5% with more bad news to come next year. All of these events have already, as displayed recently, begun to end the safe-haven status of the US dollar. Not only will the dollar be under pressure, but also so will the sale of Treasuries. It is possible the dollar could go to 65 on the USDX and the Treasury market could collapse. The plight of the dollar has not gone unnoticed. In 2001, the dollar’s share of official global foreign-reserves was 71.5%. At the end of 2010 it was 61.3%. Those moves do not instill confidence in the dollar.

We have contended for a year that a major meeting will be held with all countries attending to revalue and devalue currencies each against one another, there would be a multilateral default of some kind and a new devalued international world reserve currency backed by gold. That new currency could be the dollar. The status of old debt would be clear. How domestic debt would be handled remains to be seen. The collateralized gold backing would be today $6,000 and silver perhaps $300. The problem is that is now. The figures a year or two from now could be $8,000 and $400, who knows? All we know is the trend is clear.

Filed under World Tagged with , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Basel Banking Committee Ready to “Strangle” Economy

September 13, 2010

real-agenda.com

The World Financial Order is almost complete. New measures will keep bailout monies in banks’ coffers, increase interests on loans while reducing credit availability.

A group of un-elected regulators has come to an agreement on how to strangle the global economy even further, while presenting their package of measures as “saving” policies” for a coming financial crisis.  The Basel Committee on Banking Supervision -current owners-  established more rules to exercise tighter controls on banks and the very financial system they managed to break by design.

At the top of the list, Jean Claude Trichet, warns that the no implementation of these policies would let banks free to do anything they want -he himself is a banker- and that the new rules would secure bank reserves for difficult financial times.  The package of rules was adopted on Sunday, and it has a very clear goal: “To protect International Economies”.  This confirms the group’s intention to establish a global financial system headed by no other than themselves.  Such Order would abide by their rules no matter what effects such rules have over individual national economies.

According to their published document, banks will have to triple their cash reserves -from 2 to 7 percent- which in their minds would act as a cushion for difficult times or when banks invest in junk financial products.  That amount is in itself ridiculous, if one takes into account that banks’ investments in dubious financial products is many times larger than 7 percent.  What this measure will do is to give banks an excuse to increase interest rates on loans and reduce their loan spending programs.  The reduction in available credit will achieve a goal the bankers had yearned for and that could not accomplish through the failed cap & trade fraudulent scheme: to bring global economic activity to a halt.

“The agreements reached today are a fundamental strengthening of global capital standards,” said Jean-Claude Trichet, president of the European Central Bank and chairman of the banking supervision group.  Trichet commanded the group dismissing some bankers concerns that these new measures will require them to curtail credit, which in turn would cripple economic growth. He said the new rules would “contribute to long-term financial stability and growth will be substantial.”  Other bankers sided with Trichet, saying the modest effect on growth or borrowing would be a small price to pay for a less explosive financial system.

What these new rules would achieve -if anything- is the legalization of bad investments, as banks will not have to worry about how to pay for loses.  They will have large amounts of money from investors to cover their backs.  In addition, banks will continue to count on nation states to make up for any shortfalls, as more bailouts for troubled banks have not been taken off the table.  The new rules issued by the group that includes former Goldman Sachs executive Ben Bernanke, will be approved in November by the G-20 before they are handed over to individual countries before they become binding.  Nation-states will have until January 1, 2013 to adapt to the new rules.

“Banks will unarguably be safer institutions,” said Anders Kvist, representative of SEB, a bank that operates out of Stockholm.  Shouldn’t Nation-states have the prerogative to regulate banks operating in their territories?  Meanwhile, bankers continue to point out the new measures will reduce the amount of available credit for borrowers but were not bothered by the other side of the coin: Centralized Control.  That is what this is all about.

The Basel Committee on Banking Supervision, again, a group of un=elected bankers mandates banks to “protect themselves” when they invest in financial instruments of dubious origin.  How about letting banks operate freely and collapse if they have to, due to their irresponsible investment practices?  The new provisions, called a leverage ratio, will obligate banks to hold reserves against all their money at risk.  That is like the nanny global order telling their children not to pick their noses in public.

Of course, there are those to whom global financial regulation is never enough.  Some G-8 countries were pushing for an additional 2.5 percent increase, during “good times” of economic overheating. According to the document released by the group, the rules would be adopted gradually to give banks time to adjust.  Some of the measures will not take effect until 2019, with banks having to start raising cash in 2013.  Too little too late?

The Basel Regulators left the door open to imposing stricter rules on “important” banks, whose problems -irresponsibilities- can infect the whole financial system.  The banksters’ representatives in the US -The FED, FDIC- issued a common statement saying the agreement is a significant step towards reducing the occurrence of future financial crises.  Although Nation-states still have the ability to reject these new regulations and create and approve some of their own, the international financial order has been clear that failure to adopt their newest package of rules will be punishable with harsh changes in credit availability, large increases in interest rates and overall restrictions for financial aid.  Once the new polices are adopted they become binding and countries cannot abandon them.

In the meantime, the Basel group will allow banks to continue to receive government bailout money to raise capital through 2017.  Those banks that are not capable of raising enough cash may be obligated to merge or perish as part of the consolidation and control package the regulators have in mind.  Only in the US, it is estimated that some 400 banks are on the brink of failure.

Deutsche Bank in Frankfurt said it intends to sell shares for 9.8 billion euros to increase its reserves.  Other banks that will do the same include Société Générale -a bailed out bank- in France and Lloyds in Britain. The rules imposed by the Basel Group also include paying banks -with taxpayer money- to dispose of toxic assets such as derivatives.

Filed under World Tagged with , , , , , , , , , , , , , , , , , , , , , , , , , ,

Is Obama a Marxist or Socialist? None, he works for the Bankers

July 31, 2010 1 Comment

When it comes to who the president serves, Obama is no different from Bush, Clinton, Bush Sr., Carter or Reagan

Kurt Nimmo

Glenn Beck, the Fox News talking heads, and no shortage of Tea Party activists like to characterize Barry Obama as a Marxist. In an article gaining a lot of traction across the blogosphere, Wayne Allyn Root, who considers himself a Libertarian Republican, says Obama is purposely overwhelming the U.S. economy to create systemic failure in order to turn the U.S. into a socialist/Marxist state.

Obamacare, cap-and-trade, legalizing 12 million illegal aliens, increased taxation, and endless bailouts and stimulus boondoggles, Root argues, are schemes designed to overwhelm the system and pave the way for a Marxist takeover of America.

It cannot be denied these schemes will destroy America. It also cannot be denied they are intentional. However, it has nothing to do with Marxism.

Marx advocated a proletarian revolution. He said that in order to overcome the restraint of private property the working class must seize political power through a social revolution and expropriate the capitalist classes around the world and place the productive capacities of society into collective ownership. Marx said the ultimate goal is a a classless and stateless form of communism beneficial to the interests of the proletariat or the working class.

Is it possible the Federal Reserve and Goldman Sachs operatives in the Obama administration truly desire a communist revolution as Glenn Beck and Wayne Allyn Root insist?

During the 2008 election cycle, Goldman Sachs donated nearly a million bucks to Obama. Citigroup and JPMorgan Chase donated nearly $1.5 million to the Obama campaign while Morgan Stanley pitched in over a half million dollars. “When you break it out by individual companies, you find that employees of Goldman Sachs gave more to Obama than workers of any other employer. The Goldman Sachs geniuses are followed by employees of the University of California, UBS, JPMorgan Chase, Citigroup, National Amusements, Lehman Brothers, Harvard and Google. At many of these workplaces, Obama has a three- or four-to-one fund-raising advantage over McCain,” the New York Times wrote on July 1, 2008.

Is it possible all these folks are clueless about the supposed Marxist philosophy of Obama? Is it possible transnational corporations and international banks savvy enough to game the system for trillions of dollars support a communist system that would ultimately strip them of that wealth?

Goldman along with the Federal Reserve rule the Obama administration. William C. Dudley was the president of the Federal Reserve Bank of New York and a partner and managing director at Goldman. Gary Gensler, chairman of the Commodity Futures Trading Commission, spent 18 years at Goldman. Mark Patterson, chief of staff to Tim Geithner, is a former Goldman lobbyist. Philip Murphy, nominated for ambassador to Germany, is a former Goldman executive. Diana Farrell, deputy director of the National Economic Council, is a former Goldman employee. Emil Michael, White House fellow, used to be an investment banker at Goldman.

Obama functionaries are connected to the CFR and the Trilateral Commission, two organizations established to implement world government. Tim Geithner, Susan Rice, Pete Peterson, Gen. James Jones, Thomas Donilion, Paul Volker, Dennis Blair, Richard Haass, Dennis Ross, Richard Holbrooke and others have connections to the Trilateral Commission, the Federal Reserve, the CFR, and Bilderbergers.

“We can be quite sure that somewhere between 400 to 500 high-level members of the Obama administration will be members of the CFR. How can we say that? Because that’s about how many CFR members occupy the current Bush administration (beginning with Vice President Dick Cheney, an in-again, out-again member of the CFR board of directors). And about the same number occupied posts in the Clinton administration,” John F. McManus wrote in November of 2008 after Obama was selected to be the front man for the banksters.

Obama’s mischaracterized socialism is a control mechanism created by the bankers. It has nothing to do with liberating downtrodden workers. The Soviet system was financed by Wall Street, as Rep. Louis T. McFadden, chairman of the House Banking and Currency Committee throughout the 1920-30s, explained: “The course of Russian history has, indeed, been greatly affected by the operations of international bankers… The Soviet Government has been given United States Treasury funds by the Federal Reserve Board… acting through the Chase Bank.”

The late Antony Sutton’s exhaustive research demonstrates how Wall Street bankers supported and financed the Russian revolution, supported the Soviet Union financially, technologically and military both before and after the Second World War, and also supported Hitler and Nazi Germany financially and military both before and during the Second World War.

The monopoly men who exported jobs from America to slave labor gulags in China and are now in the process of looting the financial system are not dedicated Marxists. The late Gary Allen wrote:

If you wanted to control the nation’s manufacturing, commerce, finance, transportation and natural resources, you would need only to control the apex, the power pinnacle, of an all-powerful socialist government. Then you would have a monopoly and could squeeze out all your competitors. If you wanted a national monopoly, you must control a national socialist government. If you want… a worldwide monopoly, you must control a world socialist government. That is what the game is all about. “Communism” is not a movement of the downtrodden masses but is a movement created, manipulated and used by power-seeking billionaires in order to gain control over the world…. first by establishing socialist governments in the various nations and then consolidating them all through a “Great Merger,” into an all-powerful world, socialist super-state.

The Obama banker-CFR-Trilat-Bilderberg administration is the process of forging this “Great Merger” and is moving inexorably toward an all-powerful world, socialist super-state. Obama’s socialism will not emancipate the workers of America. It will further impoverish and enslave them.

As we approach the mid-term elections, the deceptive claim that Obama is a Marxist will pick up steam and will be exploited by the Tea Party movement as it attempts to get Republicans masquerading as patriots and constitutionalists elected to office.

Glenn Beck and Wayne Allyn Root need to reexamine and stop chanting the ludicrous Obama is a Marxist mantra and point out what Obama really is — a sock puppet reading a teleprompter for his employer: the control freaks at the international banks and multinational corporations.

Filed under World Tagged with , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Related Links:

Togel178

Pedetogel

Sabatoto

Togel279

Togel158

Colok178

Novaslot88

Lain-Lain

Partner Links