Death spiral economy

The fascist business model in full view, unapologetic. Unaccountable. The Democrats have no intention of changing it. They have to protect their major donors. Obama is fully backed by Wall Street capitalists. He talks the talk of reform but he cannot and won’t walk the walk. He won’t tell you the real problem is the FED who created this mess. He’s just another black face in a high place. Powerless. Selling the illusion of hope. No substance.

USB bank today declaring more massive losses/write-offs. Muni-bonds and huge retirement funds will soon be reporting major losses. Member of PERA? Watch out! And of course when states start hurting bad, the taxes on these criminals who created this won’t be raised, nor fees increased on the oil companies who’ve raked in massive profits over the last 5 years… rather services and state education funding will be cut dramatically. Adding to the death spiral. Don’t you just love American capitalism? It’s a war/service cheap imports, low wages race to the bottom economy. And the vultures are coming out picking the bones of the unemployed and devalued real estate. Predators and scavengers. That’s the real U.S. economy.

We’ve lost all the gains from our productivity, we could have enjoyed, to these corporations and bankers/financial firms and war arms mfgrs. in their increased profits and paper schemes. Then by job loss, then poverty, our few possessions are lost-sold to the bottom feeders and other desperate folk.

A new American Socialism is needed that will stop war, take back the control of the currency from the Fed, abolish the IRS, abolish the corporate structure, abolish Wall Street and its speculators and commodities traders, and make the banks use social credit with low or no interest loans. Only low admin fees allowed. Then fully fund education through college, provide a national dividend to all citizens, fund a natl. health insurance program and return the means and ownership of production to the workers so that no non-productive parasitical outsider (stockholder) can make a profit from that company. Then turn our economy inward to the benefit of our people first with few exceptions in limited import and exports. And a radical energy transformation to zero point sources and hydrogen. Of course non of this will ever happen. As a famous autistic said: “I’m not a stupid person… Jenny.”

“Not surprisingly, neither in Paulson’s remarks nor in the 214 pages of the plan he released is there any suggestion that Wall Street firms or their top executives be called to account and held legally culpable for the economic and social disaster that has resulted from their reckless and often deceptive, if not outright illegal, policies and actions. US Treasury plan shields Wall Street speculators” -wsws.org

April Fools: The Fox To Guard The Banking Henhouse
– by Dr. Ellen Brown – 2008-03-31

U.S. Treasury Regulatory Reform Proposals: Hapless, Helpless, Hopeless
– by Richard C. Cook – 2008-03-31

New World Order. A Planned World Economy
Mankind at the Turning Point Part 3
– by Brent Jessop – 2008-03-31

Republicans and “Free Market” Zealots Bring Death to America
– by Paul Craig Roberts – 2008-03-30

Economic Cycles and Political Trends in the United States
Part I – by Prof. Rodrigue Tremblay – 2008-03-28

Is an International Financial Conspiracy Driving World Events?
Bankers now control national monetary systems in their entirety.
– by Richard C. Cook – 2008-03-27

The Fed’s Bailout: Whose Money Is It?
– by Richard C. Cook – 2008-03-23

Speculative Onslaught. Crisis of the World Financial System: The Financial Predators had a Ball
Danger of a domino collapse of banks akin to that in Europe in 1931?
– by F. William Engdahl – 2008-02-23

Derivatives – A Potential Financial Tsunami?
– by Daniel Apple, Rick Baugnon -2008-03-21

A New President Should Seize Control of the U.S. Monetary System
– by Richard C. Cook – 2008-03-20

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