Sunday, September 21, 2008

The Big Bush 'Bail Out' Blackmail

It is called the 'final stages of the coup'. I call it blackmail and extortion! A man already culpable for the crimes of high treason and mass murder now blackmails the congress and the people of the United States. The result is not just another case of corporate welfare benefiting AIG, it is an unprecedented, coup-completing, fascist power grab.

Larisa Alexandaronva is referring to the coup began with Bush v Gore in which corrupt judges awarded to Bush an election that he most certainly did not win.
I would guess that this has to be one of the biggest peacetime transfers of power from Congress to the Administration in history. (Anyone know?). Certainly one of the most concise.

The Treasury Secretary can buy broadly defined assets, on any terms he wants, he can hire anyone he wants to do it and can appoint private sector companies as financial deputies of the US government. And he can write whatever regulation he thinks are needed.

...

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 administrative agency.

--Adam Davidson, NPR, Re: the so-called bailout bill
Alexandrovna charges the Bush-Cheney cabal with deliberately abolishing all the financial regulations put in place by the Roosevelt administration in the wake of the 1929 crash. Bush will be shown to have deliberately provoked the crisis for the purpose of assuming complete GOP control of the US government and its treasury. One is at a loss! Is this the biggest heist in world history? Or --is it the ultimate coup d'etat? Or both?

The GOP will not address the crisis of their creation --they will exploit it and discard the last vestiges of our Democracy in the process.

The Bush regime is a heist! What's just one more grand theft for the road? Already, the Bush admin, like Reagan earlier, looted the US Treasury and again, like Reagan, wiping out the American middle class. The US government is the enforcement arm by which the corporate establishment rules America. The proper word for this is 'fascism'. For some time now, the government of the US must be properly described a fascist dictatorship!
As I write this, in a real sucker punch, the FTSE is up 10% so far today. Hooray, the world is saved!

Or not.

What could be behind this insane, hysterical reaction?

One reason is that late yesterday, the FSA called a halt to short selling of financial stocks in the UK. As a result, many (t)raders have had to get themselves out of short positions. That musta hurt!

The second, much bigger, reason is that the US Treasury Secretary, Hank Paulson, in collusion with the US Congress, is about to commit an act of blatant treason.

Instead of doing the right thing, which would have been to place the system in administratrion (bankruptcy reorganisation), he has decided to make the United States itself bankrupt.

The bankers are laughing up their sleeves.

What Paulson has announced is this: he will establish a Federal agency to buy up what will amount to trillions of dollars of bad debt. The debt will become the liability of the US taxpayer. The bankers will get off scot free. The US will also insure investors in US money-market funds, which have seen significant withdrawals in recent days.

The idea is that, in a reflection of the Resolution Trust Corporation, the debt will be warehoused so that it can get the chance “for much of it to recover a portion of its value.”

But make no mistake, as far as the financial system is concerned, this will achieve nothing, other than delay the inevitable once again.

The real benefit for Paulson’s controllers, is that long held goal of the financial elites - the end of the United States, and that pesky Constitution.

What about us, here in the UK? For us, there’s the small matter of the spectre of hyperinflation which will make Weimar Germany pale into insignificance.

--UK Column, The End of the United States, Mike Robinson
How convenient for the GOP that the passage of this bill makes it impossible to fund everything that is hated by the GOP --health care, education, alternative energy sources, infrastructure, new job creation! A new fascist America will outsource everything. We have already seen how the likes of Wal-Mart have destroyed jobs and lowered wages. We have seen how 'outsourcing' robbed a vibrant nation of its steel, electronics and automotive industries. The fascists have destroyed America.

What of the millions who might have worked had there been jobs?
Are there no prisons? Are there no workhouses?

--Ebeneezer Scrooge, A Christmas Carol, Charles Dickens
There are the FEMA camps, and, eventually, there will be death camps! A fasicst government that will not support education now will not support the preservation of life in an economy in which they have destroyed the jobs, its viability, its sustainability. HItler did not hesitate to commit mass murder on an industrial scale and neither will the heirs apparent to Henry Ford et al who openly espoused eugenics.

This is not the first time that the murderous Bush crime family has tried to install a fascist dicatorship in the US. It was Prescott Bush who tried to pull off a fascist coup d'etat, in fact an act of high treason, prior to America's entry into WWII. Bush's act of high treason was called "the Business Plot," involving some top brass and Wall Street big shots, men who openly supported fascism. This administration now blackmails the nation and congress, threatening the total collapse of the economy if the powers demanded by this administration are not ceded to Bushco. America, you have been held hostage since the election of 2000.

I will be surprised if Obama is allowed to take office. McCain will lose a fair election but that has not stopped the GOP in the past. Those working for Obama must understand that it may be necessary to enforce his innauguration with arms should he win the election. Those supporting Barack Obama must understand that "...the peace is considered already broken'.

Now --when you are all but prostrate before the emperor who has betrayed you and your nation, you are blackmailed! Whaddya gonna do about it? All peaceful means of resolution have been denied us.

It is the nature of totalitarianism that it will not seek peaceful resolutions. Rather, a totalitarian regime invariably forces a resort to arms, having robbed the citizenry of every, legal recourse. It is an established principle that people are lawfully entitled to rise up against despotic governments that give them no other choice but revolution. The people have a moral obligation to revolt against tyranny! It is the responsibility and the duty of the people to overthrow the tyrant, the self-proclaimed dictator.

Che Guevara spoke of such a 'government' when he said:
When the forces of oppression come to maintain themselves in power against established law, peace is considered already broken

Che Guevara, Chapter I: General Principles of Guerrilla Warfare
Thomas Jefferson put it this way in the Declaration of Independence:
...whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government.

--Thomas Jefferson, Declaration of Independence
The Bush administration has committed to writing and presented to Congress its intentions to permanently nullify the powers of Congress, to make permanent numerous alterations to judicial powers, many of which were effected with unlawful 'signing statements'. There is a word for that: tyranny!

Quoted by Alex, 'Confederate Yankee' writes:
The other option, the one I have long prayed we would never need to even consider, is a total revolution. But, If Congress won't act in its own self-defense, in the defense of democracy, in defense of us - the people who have elected them to protect us from this very danger - then what is left for us to do? I don't want to see it come down to this, but I fear that it will.
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13 comments:

jae said...

Len,
All of these links go to an Error/not found page:

MARTIAL LAW IS COMING ONE CITY AT A TIME by Don Harkins
Prison Camps
FOREIGN TROOPS OPERATING SECRET DETENTION CENTERS
FED DETENTION CTR IN HAWAII READY FOR MARTIAL LAW
CIVILIAN INTERNMENT CAMPS UP FOR REVIEW
Operation Garden Plot The United States Civil Disturbance Plan 55

timking said...

It's insane what is going on, just insane. It's all a huge plot of course. You have credit companies that pushed credit cards on gullible, gadget-crazy people who can never afford to pay back the debt they raise. You have mortgage companies that made variable interest rate loans to people that would be in trouble if the rate went much higher than the rate they were given when they signed for the loan. And when those companies try to collect and can't and are suddenly chin-deep in the bullshit they piled up, so-called proponents for smaller government step in and help out the people that created the mess. All at the taxpayers expense. It's all a setup to move the rest of the wealth to the few.

Right now I feel very lucky that my wife and I just bought a trailer house for $1800 that an elderly couple were just trying to get rid of so they sold it very cheap. It's an old trailer but it's ours. That's not to say that I don't see how we could end up having to 'get out of Dodge' at some point even here though, and we've talked about that too. People need to be/get ready for all this.

Unknown said...

jae said...

All of these links go to an Error/not found page

Thanks for the heads up. The bad links have been removed.

timking said...

Right now I feel very lucky that my wife and I just bought a trailer house for $1800 that an elderly couple were just trying to get rid of so they sold it very cheap. It's an old trailer but it's ours.

Smart move, timking! I really hope it doesn't come to all this. But it's hard to be overly cautious when GOPPERS are in charge. I am old enough to recognize the pattern and each time it repeats, it just keeps getting worse.

Either the US rids itself of the GOP/NAZI threat or the GOP will finish off the US. The GOP, I believe, is very dissapointed that their demolition of Democracy was not entirely finished off with the back to back regimes of Reagan and Herr Bush.

Anonymous said...

LOOK BEHIND THE CURTAIN,AND THE PEOPLE WHO ARE THERE, THE "POWER ELITE" "THE ROYALS" THESE PEOPLE ARE RUNNING THE SHOW. SO WHEN YOU TALK ABOUT MOST GOVERNMENTS OF THE WORLD, THERE IS A CONNECTION WITH THE POWER ELITE,ITS CALLED MONEY, AND BLACKMAIL, AND DEATH IF NEEDED. AND FINELY WITH MONEY. BLACK MAIL, AND DEATH, THEY HAVE BEEN ABLE TO GET TOTAL CONTROL OF OUR ELECTIONS,OUR BANKING,AN THE US GOVERNMENT, WHAT IT AMOUNTS TO IS IF YOU CONTROL THE MONEY OF THE WORLD YOU CONTROL THE WORLD.AND IT TOOK THEM THE BETTER PART OF 100 YEARS TO GET THEIR CONTROL, BUSH ,CLINTON, BUSH SR,ALL THE PRESIDENTS EXCEPT FOR JFK, WHERE THEIR LAP DOGS,THE AMERICA USED TO STAND IN THE WAY OF THEIR AGENDA, BUT NOW THAT THEY FINELY HAVE CONTROL, THE AMERICAN PEOPLE ARE ON A FAST TRACK TO SERVITUDE. "SEE YOU ON THE TRAIN" BELIEVE NOTHING YOU HERE AND HALF OF WHAT YOU SEE, AND YOU MIGHT GET CLOSE TO THE TRUTH.

timking said...

http://www.armytimes.com/news/2008/09/army_homeland_090708w/

Army patrols at home right on schedule. Couldn't possibly have anything to do with the fact that the criminals are frightened does it?

Life As I Know It Now said...

Tt is scary the shit that is going on! Yes, the first thing I thought when I began to understand what is really happening concerning this banking fiasco is that this was the last thing Bush and Co plan to do to finish raping the US before he exits the stage. GOPPERS are traitors through and through.

Unknown said...

timking, liberality...

Here's a very short excerpt from timkning's link:

Now they’re training for the same mission — with a twist — at home.

Their mission had been a 'combat' mission. Now they are saying they are going to have the same mission ---at home! WTF?????

Viva La Revolución!

Unknown said...

The next excerpt is even less re-assuring:

But this new mission marks the first time an active unit has been given a dedicated assignment to NorthCom, a joint command established in 2002 to provide command and control for federal homeland defense efforts and coordinate defense support of civil authorities.

Sounds like martial law to me!!!

Anonymous said...

As usual, Len, Mike Whitney tells the real story. The Bush-Bernanke-Paulsen "solution" is going nowhere:

Most people don't understand what happened on Thursday, but the build-up of bad news on the Lehman default and the $85 billion government takeover of AIG, triggered a run on the money markets and a freeze in interbank lending. The overnight LIBOR rate (London Interbank Offered Rate) more than doubled to 6.44 per cent. Bank of America reported overnight borrowing rates in excess of 6 per cent. Longer-term LIBOR rates also rose sharply. On Wednesday, jittery investors removed their money from money markets and flooded short-term US Treasurys for the assurance of a government guarantee on their savings even though interest rates had turned negative which means that their balance would actually shrink at the date of maturity. This is unprecedented, but it does help to illustrate how raw fear can drive the market.

The TED spread (the TED Spread measures market stress by revealing the reluctance of banks to lend to each other) widened and the credit markets froze in place. Borrowing three-month dollars on the interbank market and the U.S. Treasury's three-month borrowing costs widened five full percentage points. That's huge. The banking system shut down.

What does it mean? It means the Federal Reserve has lost control of the system. The market is driving interest rates now, and the market is terrified. End of story.


One other item really struck me as telling: Naomi Wolf makes the case that "Sarah "Evita" Palin is the [GOP} plan". McCain is too old to survive and Palin is to take over: Cheney on steroids. I think the interim plan is to get the Bush financial giveaways in place and stabilize the markets. Then ramp up some conflict (Pakistan, Iran) prior to voting in order to squeeze McCain into office. Then it's Palin all the way.

Unknown said...

Damien, this is scary shit! Market manipulation to ensure a despotic but incompetent GOP dynasty!

AND PALIN IS THE BEST THEY CAN DO!!!!!!!!!!!!

God help us!

If I thought the Democrats were up to it, I would be inclined to say: BRING IT ON! It would be truly historic if the Democrats were required to ENFORCE their win with a force of arms.

But they don't have any!

So long, Democracy!

A warning to the world. If this regime is allowed to get away with this, you ---too --are enslaved!

Anonymous said...

You'll be pleased to know, Len, that I managed (as kenj) to sneak a lengthy post on Flight 93 into the letters page of our leading national paper, The Australian. I think they were intimidated by me. A few days earlier one of their regular Right wing ***hole wannabee commentators had posted a lengthy diatribe accusing me of being anti-Semitic. Some outraged private letters from me to the editor saw the whole defamatory column pulled. Since then I get through every time -- especially when that same idiot Right winger starts a debate with me. He knows nothing and normally I'd avoid him but he posts lengthy piles of Right wing drivel and it needs to be redressed. It's an Augean stables exercise as you can see here. Anyhow, the editorial gates seem to be down for me at The Oz and I am sticking it to the Bushmeister every chance I can get. There are as few countries as safe and sane as Australia. I'm fortunate to be here, especially when I contrast it with US turmoil. I still owe myself some travel. Cheers.

Unknown said...

damien said...

You'll be pleased to know, Len, that I managed (as kenj) to sneak a lengthy post on Flight 93 into the letters page of our leading national paper ...

EXCELLENT!

I especially liked this part:

Flight 93 was 40m wide and the hole in the ground where it hit was only 25m wide. A photo released by the US government shows exactly that. The flight data recorder had the plane impacting upside down at an angle of 40 degrees to the horizontal yet you could google all day and never find an image of where the huge tail supposedly made contact with the ground. The only images are of a vertical impact at direct odds with the FDR. Witnesses at the site were stunned by the almost complete absence of aircraft debris. Only one piece of fuselage was found and it was two meters long. And the 180 cloth seats, they must have burned, right? Wrong. There would have been thick smoke fumes and residual seat frames above ground yet neither of these aspects were seen.

And, likewise as I recall, there were absolutely NO AIRLINER SEATS among the so-called 'wreckage' at the Pentagon.

I also did a bit of 'research' today. Early reports, repeating 'official' accounts were actually using the term 'vaporize' to account for the lack of airliner wreckage. That is a failure of the American education system. MATTER DOES NOT DE-MATERIALIZE at any speed less than that of light or a nuclear blast. Last time I checked, no one has yet contacted us from the future to announce that they've exceeded light speed and no one in Washington is glowing from a nuclear blast.

I am sticking it to the Bushmeister every chance I can get. There are as few countries as safe and sane as Australia. I'm fortunate to be here, especially when I contrast it with US turmoil.

Keep up the great work! We're winning! I fully intend to stick it to the lyin' bastards until they are all behind bars or hell, preferably hell.

Indeed, the US has gone insane! One day, I will look you up in Oz. I suspect that there are a few good brews to be had down under. We will have to drink to day when we STUCK IT to the Bush man and his fellow criminals.

Anonymous said...

We will have those beers, Len. Cheers.