That’s essentially what the Federal Reserve does, it monitors public wealth to regulate how much surplus production can be skimmed off the top. Usually all of it. But someone has to determine how much that is to prevent the banking vampires from sucking the public to death.
When Hillary Clinton ascends to the US presidency, she’ll join a girls club of world leaders who’ve already shown that the feminine gender doesn’t lack for sociopaths. It may be hard to know whether IMF head Christine Lagarde or FED chair Janet Yellen are mere figureheads or cold-blooded usurers in their own right. The UK’s Theresa May hasn’t had a chance yet to flex her Thatcherism, but few dispute that Angela Merkel’s power is not as authentic as it is heartless. Those Americans campaigning for Hillary Clinton based on the assumption that women leaders could not possibly fail to restore humanity to a capitalist war-ravaged world, are ignoring the maternal instinct already disappointing on the world stage.
When the fracking industrialists came to Colorado Springs, they hired a white-haired grandmother to be their liaison to the city council. Predictably her fracking sold like hotcakes, if you’ll pardon the sexist analogy. Hillary is the frackers’ point-person to the unexploited regions of the world regardless of whether they beckon from war zones to be.
Apparently it’s not enough to decry the illegitimate hegemony of the Federal Reserve, we have to fear that we wear its brand. Specifically it’s being alleged our birth certificates –the originals, not our copies– carry a mysterious red number that corresponds to a fixed portion of the national debt, our true personal credit status, irrevocable insolvency as it were. Umm. Indentured servitude I get, ours is an open-air debtor’s prison, but thinking the FED has some inalienable paper claim on each of us jumps the shark. Recently a friend was so excited to tell me that birth certificate numbers are imbued with the legal authority of some maritime act which issues registration numbers to ships when they’re berthed. He enunciated “berthed” all wide-eyed, I’m guessing he thought it was spelled the same. Want to wager he also believes some naval registry holds the secret of Obama’s berth?
It might stretch credulity that the US Bureau of Engraving encrypted prophetic images of the Pentagon –and the not yet built WTC twin towers– in their iconic Reichstag Fire infamy, unto dollar bills folded just so. But who knows, they might have chosen to encode Thomas Jefferson’s oft-quoted but unheeded chiding to the American people: “Every generation needs a new revolution.” And don’t we especially want to ignore this one? “When injustice becomes law, rebellion becomes duty.”
Alan Greenspan represents more than any individual anywhere, the bipartisan fact that there is no real difference between the 2 chosen parties of our corporate dictatorship here in America. Let’s fact, it… Greenspan has been the darling of both the Democratic and Republican Parties for a very long time now. He’s The Man!
He has been running the economic show that has now put the world capitalist economies in tail spin, you and I on board. Poor Alan is shocked!!!!!! Poor Old Alan… He’s shocked!!!!!! He says he just doesn’t know any more. He’s shocked!!!!!!
This guy really takes the cake, now doesn’t he. He was held up to the level of Jesus Christ in the eyes of the American monied class who held him high above our heads as some great genius know-it-all, and now his temple is shaking in its foundations. Remember these slime balls celebrating when their Cold War spending crashed the ex Soviet Union? Remember them not giving a damn about what they did to the Russian people? Remember smug old Alan?
In spite of all these croc tears and croc shock by the like ilk of Alan Greenspan, they will give about as much a damn about you as they did about the Russians. They don’t give a damn about you and the rest of Working Class America anymore than they cared about the Gooks and Ragheads (their words for them, not mine) they screwed over to make their super profits. I take that back, they are actually worried more about you and how you might soon grow to hate them passionately. Got it? Alan is shocked!!!!!
But he’s 82, damn him, and now there’s not much justice we can do for him… He wants forgiveness does he? Who knows? He simply has no god beyond money…. just our money that is now just so much trashed out planet. Alan is shocked!!!!!!! And so is the planet.
There is a short 45 minute video called Money As Debt that gives a great explanation of the current Financial Crisis. It is thoughtful, easy to understand, and a well done video with illustrations and quotes from insiders used as references.
Thanks to David V. for sending it my way! He’s been doing a lot of thinking about the real estate bubble in the South Florida region over the last 2 years. It is a bad situation in that area of the country.
Watching the US Big Business government try to fix their economic flat is a lot like watching a driver sliming a car tire on the side of the road. It may or not work, depending quite a bit on the nature of the flat itself.
On Wednesday over $90 billion dollars left the value of US stocks, the largest amount in one day ever. That’s a lot of air lost through an economic puncture and lost very fast. The Federal Government is pumping slime in almost as fast as the air went out! ‘Slime’ being our collective national savings still calculated in increasingly devalued dollars.
None of this is too likely to work. If you look across that American economic tire you will see that it has been deeply slashed by a knife. I wonder who did it and why, don’t you? Beware! The people who did it may soon want you to buy them a new tire, even though the tire they made flat is actually yours!
These bastards are brazen thieves and agents of disinformation. Has the entire fricking country gone stupid? We are witnessing the transfer of vast sums of our money… not theirs, ours… to them!! And a Fed who wants to get the SEC out of the way so they can do it! Paulson, Bernake, Greenspan, Volker, Rubin… all wall street thieves and crooks, liars and scum. This is the fascist business model in full head long dive to the bottom with the Fed cleaning up the mess and divvying up the bailout money to their wall street buddies. For the next 6 months.
This had to be planned. No concerned economic professional in their right mind would have let this happen. The Fed is responsible for the housing bubble, the subprime crime, the weak dollar and now for looting the U.S. citizen treasury!! JP Morgan, Morgan Stanley, Merrill Lynch, Goldman Sachs, Citigroup, Bank America… they’re all going down. They’ve all got the CDO-SIV-Hedge Fund cancer bad. Why is the Fed taking on all this worthless paper and risk? All for show. They create and destroy money all the time.
Regardless, they will bail them all out… on our tab. Bear Stearns was sacrificed to keep JP Morgan on life support. But you can bet the Bear Stearns management got out before the crash of stock price. I think the SEC would investigate that right? And how is it that the Fed can act alone on these things, and the Congress (many of whom voted to repeal the Glass-Steagal act with Clinton) [there’s a question for Hillary] in the aftermath asks their sniveling little questions of how the deal was structured? Because the Fed runs the show. It is a private banking system… not a government agency! We are witnessing the power of the central banking system that was set up in Europe by the Bauers (Rothchilds), the Greens, the Schifts, the Warburgs…all German banking Zionists. Then brought to the U.S. (The Money Masters -dvd). Talmudist Jews by the way. Sold out Germany with the British to bring U.S. into WWI. Even though Germany was offering England a return to peace with no reparations or conditions.
Now, what happened to that 2.4 trillion that went missing from the Pentagon… just before 9-11? Hmmmm Dov Zakhiem might know. Another Zionist and dual Israeli/U.S. citizen who was in charge of the Pentagons budget as comptroller. Funny how that “plane” hit the accounting area of the Pentagon, destroying all evidence and records of misplaced funds. Darn the luck. Who’d have thought?
Got Real Player?
Two hours of excellent deconstruction of the big financial parasites and how 2008 will see a depression and a transfer of tax burden (bail out) onto the working and what’s left of the middle class. Banks are calling in loans on hedge funds and hedge funds don’t have the money (lost it gambling) so they are selling their assets (any assets) which include stocks. That’s why we see the big drops in the stock market. And the writing off of billions by the banks …large and small. And their stock price declining.
If the Fed keeps lowering interest rates (printing money to save their banking and wall street buddies) we’re screwed and it won’t help. That’s the same as me giving someone more money who is already in deep debt and has no way to repay me. They, the Fed, has screwed things up so bad we’d still be f__ked if they raised interest rates. It’s a liquidity fix one way and a credit tightening the other. But either way credit is cut off due to all the debt.
And all of this due to the subprime and criminal mortgage lending practices of the banks the Fed is supposed to be watching. Greenspan is a crook of magnificent proportion! He should be behind bars!! But it’s a systemic problem of corrupt fascist business model since the Fed took over the management, value and issuing of our currency in 1913. And largely amplified after the 1971 de-coupling of gold from the dollar. Dr Hudson explains how it’s all working to our demise.
This was in August before we see now Kucinich, like Paul, is being kept out of the debates and marginalized by the media. Hudson is Kucinich’s financial adviser. Some of you may not agree with his tax solutions but regardless, this is a scathing indictment of the current globalist capitalist financial/economic system. Deeply corrupt and terminal.
Dr. Michael Hudson on Financial corruption and collapse
Part 1 – Aug 15
Part 2 – Aug 22
Links on this site to the Aug 15 and 22 interviews.