Showing posts with label Wall Street Taxpayer Bailout. Show all posts
Showing posts with label Wall Street Taxpayer Bailout. Show all posts

Tuesday, March 24, 2009

The New World Order's ObamaNation

Matt Taibbi has written an important article in this month's Rolling Stone magazine. In it he explains to the reader, in laymen's terms, just what happened, how it happened, and who benefited from the massive taxpayer bailouts of Wall Street's biggest firms. But, most importantly, he hits the nail on the head by saying that the Republic is officially dead (and we do hear the dirge) -- there is no more pretense that we live in a democracy under the rule of law, because now the lawless ones have "officially" taken over the apparatus of the state and given us the finger in the process. Yes, as Taibbi says: "We are royally fucked." Congress is now a collection of rubber stampers, and the people -- Wall Street slaves.

Taibbi writes in the "The Big Takeover":

"The crisis was the coup de grâce: Given virtually free rein over the economy, these same insiders first wrecked the financial world, then cunningly granted themselves nearly unlimited emergency powers to clean up their own mess. And so the gambling-addict leaders of companies like AIG end up not penniless and in jail, but with an Alien-style death grip on the Treasury and the Federal Reserve — "our partners in the government," as Liddy put it with a shockingly casual matter-of-factness after the most recent bailout."

The gambler-addicts have taken over and are running (and ruining) the country, and, we can bet that they will be jonesing for their next fix soon. Just the other day, in an effort to stave off Wall Street's DDTs, Geithner injected these vampires with liquidity by promising to take their toxic assets off the balance sheet with taxpayer's blood. But, as anyone who has ever known an addict will tell you, it will get worse, much worse as addicts are expert liars and manipulators. They will say, and do, anything to get their next fix. Lock your doors and hide what little, and, hopefully, what 'real' money you have left.

Although I commend Matt for putting many of the festering pieces together to help us understand the legalized, mafioso-world of high finance and their partners in crime in congress, there are a few notable dots in this exposé that he forgot to connect -- namely, the relationships that certain Obama cabinet members have to those benefitting most from the bailout (though Taibbi does mention some of these cancerous moles in his article).

For instance, one of the key benefactors of the bailout-"stimulus" bills not mentioned in the article is that perennial fixer/war criminal Henry Kissinger -- and, as a corollary, his corporate clients (but you intuitively already knew that, didn't you?). Yes, Obama's trusted servant, Treasury Secretary Timothy Geithner, worked for three years with Kissinger Associates, supposedly helping Henry research a book. And, after this literary stint with Kissinger, the ambitious Geithner went to work at the U.S. Treasury as Under Secretary for International Affairs under Robert Rubin (a Goldman Sachs man) and Lawrence Summers -- two key players who help usher in the deregulation of the financial industry by lobbying for the ruination of the Glass-Steagall Act.

Why is this important? Well, it may have to do with the fact the A.I.G. -- the company being publicly pilloried today for dolling out millions of dollars in executive bonuses -- is a strategic partner with Kissinger Associates, Inc.

In an article written by John Horne for 9/11review.org we read:

American International Group, Inc. (AIG), The Blackstone Group L. P. and Kissinger Associates Inc. announced the establishment of a new venture to provide financial advisory services to corporations seeking high-level independent strategic advice. […] The venture will operate globally and will take advantage of the existing relationships between the partners:

- AIG has an ownership interest in Blackstone and is an investor in several of Blackstone's private equity funds;

- AIG and Blackstone have a joint venture, specializing in restructuring and M&A (mergers and acquisitions) advisory services in selected Asian countries;

- Henry Kissinger chairs both AIG's International Advisory Board and the advisory boards of several AIG-sponsored Infrastructure Funds.

Kissinger Associates, by John Horne

Is our New World Order jigsaw puzzle beginning to take shape now? Oh, but it gets better...

Timmy's father, Peter Geithner, fits in miraculously to the mix as he was is a former top official of the Ford Foundation (a NWO front group) who knew Obama’s mother, Ann Dunham-Soetoro, when she was working on “microfinance” programs in Indonesia. Indeed, the elite travel in a very small circles.

The puzzle begins to take shape further when we see how our Secretary of State, Hillary Clinton, and her hubby, Bill, are "life-long friends" with Thomas F. (Mack) McLarty, III, who joined Kissinger Associates, Inc. to form Kissinger McLarty Associates in 1992.

According to Wikipedia: Kissinger Associates (McLarty left the firm in January 2008 to start his own company) specialty is in "assisting its clientele in identifying strategic partners and investment opportunities, and advises clients on government relations throughout the world. It was established in July, 1982 after loans had been secured from Goldman Sachs and a consortium of three other banks."

So, the puzzle is becoming clear with anyone with eyes to see. With a good chunk of the bailout money going to Kissinger-affiliated firms like A.I.G., JPMorgan Chase, and Goldman Sachs; and with the recent reshuffling of strategic partners (bye-bye Bear Stearns and Lehman Bros, plus the many community banks that have been taken over or shut down because they bought into the toxic mortgage schemes); and with the new investment opportunities that Geithner is now promising Wall Street firms, we see what the financial crisis really is -- a well-structure M&A (merging and acquisition) project of the United States of America, which follows perfectly Kissinger Associates, Inc. strategic goals.

The government will now be taking all its marching orders straight from the central banking- NWO elite as declared by Obama's new National Security Adviser, Jim Jones, speaking at CFR function:

"Thank you for that wonderful tribute to Henry Kissinger yesterday. Congratulations. As the most recent National Security Advisor of the United States, I take my daily orders from Dr. Kissinger, filtered down through General Brent Scowcroft and Sandy Berger, who is also here. We have a chain of command in the National Security Council that exists today." -- "NSC advisor Jones: “I take my daily orders from Dr. Kissinger", Infowars.com

Of course these relationships between individuals who are in key positions in the Obama administration and shady consulting firms like Kissinger Associates would have no baring on Obama's agenda? Of course not. He's his own man, they keep telling us. And, if you believe that, there is some Kool-Aid they would like you to drink. Maybe today's new Jim Jones will administer it.

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(Film below) Henry Kissinger and the New World Order

Tuesday, February 10, 2009

How many "stimulus" bills does it take...

Q: How many "stimulus" bills does it take for a light bulb to go up over people heads to understand that they're being screwed?

Like the proverbial "lightbulb" jokes, the people that brought us market deregulation and globalization are now in the process of screwing us again with another economic stimulus bill.

Already Americans have seemed to have forgotten that Congress already passed two major stimulus bills last year. One $170 billion dollar Economic Stimulus Act of 2008 in February, which Bush called a "booster shot" for the American economy, and one just three months ago another called the Assets Relief Program (TARP), which was sold to Americans under threats of Armageddon (and martial law) to the tune of $800 billion. Americans were led to believe that both these bills were supposed to prop up our economy and get people to work. Instead they were used to pay off the the bad debts of irresponsible investors and the institutional banks who played fast and loose with money.

So, why do so many of my liberal friends feel that Obama's new "stimulus" plan is going to be any different? I remind them that Obama's financial advisors are the very people who were the principle cheerleaders for the same deregulation and privatization schemes espoused by the Chicago boys, and, like Henry Paulson, will be the beneficiaries of the public largesse should this new "stimulus" packages get passed.

Here Naomi Klein on Democracy Now explains Obama's economic team's market philosophy:

"... Larry Summers was the last Treasury Secretary under Clinton. And he, along with Alan Greenspan and Robert Rubin, were really the key architects of the policies of deregulation that created the crisis that we are living now. And those key policies, as you know, are the killing of Glass-Steagall that allowed a series of very large bank mergers that created these institutions that are too big and too intermingled to fail, we’re told again and again; the deliberate decision to keep the derivatives out of the reach of financial regulators—that was also a Summers decision; and also allowing the banks to carry these extraordinary levels of debt, thirty-three-to-one in the case of Bear Stearns.

Now, you know, in my book, I—in The Shock Doctrine, I start a chapter with a quote from Larry Summers. The context in which he said this, it was 1992, and it was when he was making World Bank economic policy as it related to Russia in the midst of a financial crisis. What he said, and this is why I quoted him, because it really shows the extent to which he is truly an ideologue, truly a follower of the very ideology—not just a follower, but a propagator of the very ideology that Obama ran his campaign against." (See Naomi Klein, Robert Kuttner and Michael Hudson Dissect Obama’s New Economic Team & Stimulus Plan.)

So, with Obama less than a month in office and his free market/privatization ideologues advising him, the U.S. taxpayer is once again being hit up for another massive "stimulus" package that is being sold, once again with blatant threats: Obama has warned us of a "national catastrophe" if congress doesn't pass this bill.

But, is there really a "national catastrophe" headed our way? if you listen to Dr. Michael Hudson, President of the Institute for the Study of Long-Term Economic Trends, Distinguished Research Professor of Economics at the University of Missouri, this is all hype:

"...panic the people. Make them think there is an emergency. There is no emergency at all... It's just in the last five years that the richest 1 percent of the American population have increased their weatlth from 37 percent to 57 percent. They don't want it to go back to normal. They like to keep on increasing it... This is a once in a century rip-off." You can only do this kind of this kind of thing under emergency conditions, usually with the kind of bloodshed that you saw when Pinochet introduced free markets at gunpoint in Chile." (See this video below)




So, according to Hudson, there is no real emergency in the financial sector to justify these bailouts, but there are "emergency conditions" in this country that are being used to precipitate the pillaging -- ones that can lead to martial law.

If you think Hudson is prone to hyperbole, it would wise to take stock of all the drills that are happening around this country to prepare for such civil unrest. Just recently it was reported that four San Francisco Bay Area Coast Guard helicopters will be carrying M240 machine guns. (See Coast Guard adds machine guns to helicopters, SF Examiner, 2/3/09), and, late last year, Operation Urban Shield, was touted as "largest Homeland Security drill in the country." (See Urban Shield 2008: Plan, prepare, and train).

It was also announced last year that the 3rd Infantry Division's 1st Brigade "Combat" Team will have a new mandate: homeland patrols to help with "civil unrest" and "crowd control." (See U.S. Troops In Homeland “Crowd Control” Patrols From October 1st).

Maybe the elite know exactly what is going to happen after they loot the country and jump ship to fill those vacate Dubai apartments. Their house of cards is tumbling and if they can get "theirs" and get out of the country before martial law is declared, who cares? Leave it to the military guys to sort out the disaster in their wake.

Monday, September 22, 2008

The Alchemists of Money

Once again the alchemists at the Federal Reserve and Treasury are busily in the process of creating gold from lead (the American taxpayer). And, while they work feverously in their gold-shrouded labs mixing up fanciful financial formulas and solvency solutions for black holes on balance sheets, the spineless Gollums in Congress, driven by their own fear and greed, are selling the American people and their children's children's children on the futures market for perpetuity. Does it get anymore depraved that this?

And, if you thought the looting over the last few years by the war profiteers in the fraudulent "War on Terror"™ was bad enough, the audacity and vulgarity of this new megalithic looting leaves one totally breathless and searching for impossible answers to questions of why Uncle Sam has gone to the insane asylum.

One thing I have learned is that if you are attempting to make sense of this madness, whatever you do, absolutely, unambiguously DO NOT listen to ex- Fed Chairman Alan Greenspan, U.S. Treasury Secretary Henry Paulson or Fed Chairman Ben Bernanke, or any other of the high priests of finance explain the problem as you will go insane with the inanities of their obtuse, convoluted language called "Financese" -- a lexicon in which only the Druids of Mammon understand and which they deftly used to hypnotize the rest of us. If you do fall in the trap of trying to understand them, beware that you can spend hours upon hours attempting to figure out a logic that is only designed to confuse and to incapacitate mere mortals. As Alan Greenspan once said, "I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.”

Not only do these wizards take pride in their ability to confound and mesmerize, but as magicians they also create illusions that are as convincing and awe inspiring as any Chris Angel trick on the Vegas strip; and like Angel only they know how the dollar bill got suspended in the glass pane after being thrown to the wind, and only they know who to get it back out again -- or so they want us to believe.

However, though language can also be used for deceit and deception, it can also be used for truth and clarity, and professor Michel Chossudovsky enunciates one of the best explanations as to why we are in this economic Hades floating down the river of Shit. In his latest article "Global Financial Meltdown," we read about the destruction of laws that were designed to protect "we the people" from such predatory, criminal behavior -- behavior our politicians, the media and economists have vigorously been promoting over the last few years by touting free trade policies, deficit spending and deregulation of the financial markets.

For instance, in 1999 the Clinton administration effectively repealed the Glass-Steagall Act of 1933, a law was put in place to protect the American people from rampant corruption, financial manipulation and "insider trading" that resulted in more that 5,000 bank failures following the 1929 Wall Street crash. With Clinton and congress signing the Financial Services Modernization Act (Gramm-Leach Bliley Act) a new era of rampant looting the American people could began in earnest.

Chossudovsky also connects the dots by connecting the War on Terror to what is happening to our markets today. To quote:

"powerful financial groups which routinely manipulate stock markets, currency and commodity markets, are also promoting the continuation and escalation of the Middle East war. The financial crisis is related to the structure of US public investment in the war economy versus the funding, through tax dollars, of civilian social programs. "More broadly, this also raises the issue of the role of the US Treasury and the US monetary system, in relentlessly financing the military industrial complex and the Middle East war at the expense of most sectors of civilian economic activity." (See Michel Chossudovsky, The Democrats endorse the "Global War on Terrorism": Obama "goes after" Osama, Global Research, August 29, 2008)."

So, while the Democrats get all misty-eyed over a Obama victory, Obama is urging the Congress to bail out the banksters and allow our children to be wage slaves for the filthy rich private owners of the Fed. He is also a supporter of the phony War on Terror™ which is nothing more than globalization by violence by these same elites who want to control everybody and everything everywhere around the world.

Ironically, Democrats and Obama will accuse McCain of supporting the policies that have gotten us in this economic mess. Maybe Democrats should reflect back a few years to when President Clinton actually signed the Financial Services Modernization Act and realize that both the Democrats and the Republi-cons have no problem using your children as a hedge fund instruments for the ultra wealthy elite and fodder for their illegal wars.

Bush is threatening that Congress must act immediately to bailout Wall Street by signing the administration's new legislation to allow the Treasury to buy "suspect" U.S. mortgage loans from U.S. and foreign-owned banks, at a possible cost of as much a $700 billion (all backed by U.S. Taxpayer dollars of course.) Expect the Gulloms of congress to cower even further then their twisted backbone would normally allow, mumbling out "precious...precious" over and over again while kissing the banking elites' ring.

The upshot of this is that Congress and the owners of the Fed believe you are too stupid to figure out that they have been robbing you blind for years and purposely enslaving you to the Fed's debt/interest-based economic system. By deregulating the financial markets, creating massive deficit spending and now fully transferring over the keys of the financial system to the foxes in the Fed house, you and your kids are certain to end up on the dinner plate of the black hats with the red coats.

A lesson can be learned from this debacle. Not only has the fascist state firmly embedded itself in government but the only way to extract ourselves from this evil system is, to quote a republican, is to "just say no."

Time to wean ourselves off of the grid.

(If you still think Congress listens to you, here's an e-letter that you can send to your Gollum (I mean representative) requesting that they vote no on the bailout. www.votenobailout.org. )

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Max Keiser on the situation:

Sunday, February 24, 2008

Tax Resistance - The Moral and Legal Defense

Our country, founded on the principles of liberty and independence, is no longer our country, but instead has been hijacked by a group of con men who play politicians, bankers and businessmen who trample over our civil liberties and sell our independence to the highest bidder, both foreign or domestic.

Today, corporations, not the people, write our laws and leave the needs of the nation to waste while money is spent for bombs and bullets and concentration camps. During the Bush years, the elections were stolen wantonly and openly and the mainstream media helped facilitate the fraud. During those years, Americans have seen their retirements funds stolen, the nation's treasure pillaged, their jobs outsourced, their infrustructure dismantled, and their country plunged into a never-ending war crafted by Machiavellian-Neocon minds controlling the White House.

Today, under the Obama administration, it looks like Americans will get no respite as the people controlling Obama have more piracy in mind and have gone at it in earnest with never ending taxpayer bailouts of financial institutions and banks. Congress, beholden to these same interests, have shirked their duties to represent the people and have colluded with the hijackers by passing unconstitutional laws like the Patriot Act, the Military Commissions Act, the John Warren Defense Appropriation Act, and countless others laws that will further erode our liberties and freedoms.

Isn't tax resistance the least we could do in light of all these injustices? When do we start expressing outrage (as well as freedom and bravery) by stopping the blood money spigot which is financing this rogue state? Just when do we decide to pull the plug on this illegal war that we were lied into and that has already killed over a million people? Just when do we stop paying our legislators who are actively working to destroy the U.S. Constitution? Just when do we stop funneling our tax dollars to be used to build concentration camps here in the United States for our own enslavement? Just when do we stop aiding and abetting torture?


At what point do we say enough is enough!?

These are the moral arguments to not pay federal taxes, but, for those of you who are worried that you are breaking the law by not paying the feds, rest assured that the very law itself says that you have no legal obligation to pay if you know that these taxes will be spent in the commission of a crime.

For instance, if you know that the government is breaking domestic and international law, and we have ample proof that they are, see: "Summary of International and U.S. Law Prohibiting Torture and Other Ill-treatment of Persons in Custody"; "US War Crimes During the Gulf War," by Francis Boyle ; "A Chronology of US War Crimes & Torture, 1975-2005" it is incumbent upon you to resist these crimes by refusing to finance them because, according to U.S. law, if you don't, you will be considered criminal liability and subject to prosecution.

According to our legal system when a person kills someone in the process of committing a crime, his accomplice (who wasn't directly involved in the killing) would be just as guilty as his partner who pulled the trigger. It doesn't matter that the accomplice didn't actually do the killing or that he might have objected to the use of such violence, to the U.S. legal system he is just as liable for murder as his partner and would be charged with 1st or 2nd degree murder.

Here is the definition of an "accomplice" in the legal dictionary:
"One who knowingly, voluntarily, and with common intent unites with the principal offender in the commission of a crime. One who is in some way concerned or associated in commission of crime; partaker of guilt; one who aids or assists, or is an Accessory. One who is guilty of complicity in crime charged, either by being present and aiding or abetting in it, or having advised and encouraged it, though absent from place when it was committed, though mere presence, Acquiescence, or silence, in the absence of a duty to act, is not enough, no matter how reprehensible it may be, to constitute one an accomplice. One is liable as an accomplice to the crime of another if he or she gave assistance or encouragement or failed to perform a legal duty to prevent it with the intent thereby to promote or facilitate commission of the crime."

-- The Legal Dictionary
I don't think it gets anymore explicit than that. The law is unambiguous: If you knowingly give assistance, or encouragement, or failed to perform a legal duty to prevent the commission of a crime, you are liable as an accomplice to that crime. So, when we send Federal taxes off to the state, and and we know the money will be used on an illegal war, and to pay torturers, and to destroy our Constitution, we are breaking the law and can be held accountable.

Once again, the law is unambiguous, you would be breaking the law by being an accomplice to a crime by paying your federal taxes.

Now, many tax resisters are using various constituional arguments to not pay taxes. Some use the excuse that the 16th Amendment was never ratified, therefore, it is null and void; others say that tax laws only stipulate paying taxes made on certain profits, but not on income derived from labor. There may be some validity to these arguments, but I believe that we need to take a moral stance similar to what Henry David Thoreau would have advocated in "Civil Disobedience." It's one thing to say that taxes are wrong because it wasn't codified, or was misused in a legal document, and another to say that taxes are wrong because they are being used to commit morally reprehensible and illegal acts.

The added bonus to this moral/legal argument is that it is unimpeachable in its logic: One doesn't have to be a tax law/Constitution scholar to argue the "accomplice to a crime" defense.

Please obey the law and refuse to be an accomplice to a crime. Stop paying your federal taxes.

Also see: National War Tax Resistance Coordinating Committee and WAR TAX RESISTANCE GROWS and www.warresisters.org (click on the pie chart to see how much of you tax dollar goes to war. War Tax Resisters league estimates 80%)