My favorite visual from Thursday’s Wall Street action: EAT THE RICH, invoking Peter Richardson’s Class War cult classic. The bastards are making a grab for $700 BILLION in this salvo. Which proposition is the more preposterous?
What’s with the Wall Street building garbed in the Stars and Stripes? Odd enough that the architecture impersonates a courthouse or mausoleum. Is the stock market a federal agency? Draped in Red, White and Blue it looks like the command center of the Capitalist empire.
What can be more pathetic and abjectly servile than the Democratic Party seen pushing to pass Bush’s bailout of the bankrupt private sector with public monies, while the Republican Party itself blocks it? And the Republicans are the minority in both the House and Senate, too! See the Denver Post’s GOP rebellion stalls bailout and Reuter’s White House calls in big guns as bailout battle rages Yes, the ‘big guns’ are being turned on the Republican Party resistance and not any resistance from the Democratic Party which is rolling over and playing dead for Bush once again.
Expect the same politics if Obama gets in the White House, since the Democrats are the party of the super rich just as much as the Republicans are. Despite all the pretense of supposedly opposing neocon programs, the Democrats are on board. The financial shenanigans and criminality of Wall Street and the DP response to them is just one more case in point. The Democrats are out to bankrupt the US Treasury arm in arm with Bush and Cheney.
WHO’S LIKENING THE WALL STREET CRISIS TO 9/11?! One was perpetrated by insiders, with the collusion of the US government, to exploit citizen’s fears, and restructure our representational Democracy into an authoritarian oligarchy. Which act of state terror against the American people does this describe?
And OH MY GOODNESS, would it be anti-Zionist to notice the same cast of characters? Religion has nothing to do with it, at least I’m not about to suggest greed and avarice are inherent to one spiritual belief. We’re expected to ignore that high finance shares a common, unfairly maligned thus protected preemptively against defamation, tribal membership.
There’s an alternative solution to the emergency on Wall Street which I’ve heard floating around. Considering we’re being advised to put out the fire by enlisting the employment of a high priced bucket brigade consisting entirely of the arsonists themselves.
I favor rounding up the guilty parties, those whose pockets are bulging with the profits made from the missing leverage, and have them bail out their precious system. Their collected wealth should amount to a pretty penny.
(Not even close? Who has any idea what a billion or a trillion dollars looks like? Except maybe those who absconded with the $13B missing in Iraq. In any case, late night talk show hosts should quit joking that Barack Obama could raise the needed trillions in a month’s worth of fundraisers.)
Where was I, line them up, empty their pockets and shoot them? Naw. ASK the bankers to ante up. If they don’t want to keep their game afloat, why should we?
No really. Was this an attack on our economic system, on par with the 9/11 strike against US secular trade exploitation of the Third World? Then by their own definition it’s terrorism. These ruthless bankers are terrorists. Lock them away with their lawyers and accountants and lobbyists. Anyone who gives material support to terrorists is guilty, by their own rules.
COLORADO SPRINGS, CO – Organizations in Southern Colorado will participate in a National Day of Action in opposition to the no-strings attached, $700 billion corporate bailout plan advanced by President Bush and Treasury Secretary Paulson. A press conference will take place 2PM on Thursday, Sept. 25 in front of the Department of Human Services Sand Creek Office at 1635 South Murray Blvd., Colorado Springs.
From the LOCAL PRESS RELEASE:
“We believe the bailout is wrong headed – it’s low-wage working families struggling to make ends meet, who will most suffer the consequences of this kind of bad economic policy,” said Dennis Apuan, community leader and Democratic candidate for Statehouse, District 17. “We must press on our elected officials to ensure that families do not have to make impossible choices between feeding their children, heating their homes and filling their prescriptions. We need leaders who know how to respond to the growing need in our communities – lost jobs, threatened homes, and surging food and energy prices,” Apuan added.
The National Day of Action will feature more than 75 press conferences, demonstrations and other public events throughout the United States. Some of the events are being held by local and national organizations; others will be citizen-organized, involving taxpayers angered by the proposed corporate bailout, as introduced in Congress. The local event will include a voter registration drive and sign-up opportunities to volunteer in community civic engagement.
“With so many of the citizens and residents of House District 17 suffering from the downturn in the economy, it is important that they have a voice in these ill-advised corporate bailouts,” said Rosemary Harris, President of the Colorado Springs Branch NAACP. “This is a diverse community, with people from all racial, social and economic backgrounds. Our lives matter. Our voices matter. And our vote is our true voice. Registering voters who will determine the future policies and future leaders of this House District, this state, and this country is perhaps the best way to respond to the actions of those in Washington,” Harris added.
Among the leaders of the national organizing effort are TrueMajority.org, US Action Education Fund, ACORN, Campaign For America’s Future, Coalition on Human Needs, Military Spouses For Change, National Priorities Project and many others.
From the INDYPENDENT’s Arun Gupta, the ORIGINAL EMAIL CALL-OUT:
NO BAILOUT FOR WALL STREET
Protest on Wall Street this Thursday at 4pm!
Call to Self-OrganizeThis week the White House is going to try to push through the biggest robbery in world history with nary a stitch of debate to bail out the Wall Street bastards who created this economic apocalypse in the first place.
This is the financial equivalent of September 11. They think, just like with the Patriot Act, they can use the shock to force through the “therapy,” and we’ll just roll over!
Think about it: They said providing healthcare for 9 million children, perhaps costing $6 billion a year, was too expensive, but there’s evidently no sum of money large enough that will sate the Wall Street pigs. If this passes, forget about any money for environmental protection, to counter global warming, for education, for national healthcare, to rebuild our decaying infrastructure, for alternative energy.
This is a historic moment. We need to act now while we can influence the debate. Let’s demonstrate this Thursday at 4pm in Wall Street (see below).
We know the congressional Democrats will peep meekly before caving in like they have on everything else, from FISA to the Iraq War.
With Bear Stearns, Fannie and Freddie, AIG, the money markets and now this omnibus bailout, well in excess of $1 trillion will be distributed from the poor, workers and middle class to the scum floating on top.
This whole mess gives lie to the free market. The Feds are propping up stock prices, directing buyouts, subsidizing crooks and swindlers who already made a killing off the mortgage bubble.
Worst of all, even before any details have been hashed out, The New York Times admits that “Wall Street began looking for ways to profit from it,” and its chief financial correspondent writes that the Bush administration wants “Congress to give them a blank check to do whatever they want, whatever the cost, with no one able to watch them closely.”
It’s socialism for the rich and dog-eat-dog capitalism for the rest of us.
Let’s take it to the heart of the financial district! Gather at 4pm, this Thursday, Sept. 25 in the plaza at the southern end of Bowling Green Park, which is the small triangular park that has the Wall Street bull at the northern tip.
By having it later in the day we can show these thieves, as they leave work, we’re not their suckers. Plus, anyone who can’t get off work can still join us downtown as soon as they are able.
There is no agenda, no leaders, no organizing group, nothing to endorse other than we’re not going to pay! Let the bondholders pay, let the banks pay, let those who brought the “toxic” mortgage-backed securities pay!
On this list are many key organizers and activists. We have a huge amount of connections – we all know many other organizations, activists and community groups. We know P.R. folk who can quickly write up and distribute press releases, those who can contact legal observers, media activists who can spread the word, the videographers who can film the event, etc.
Do whatever you can – make and distribute your own flyers, contact all your groups and friends. This crime is without precedence and we can’t be silent! What’s the point of waiting for someone else to organize a protest two months from now, long after the crime has been perpetrated?
We have everything we need to create a large, peaceful, loud demonstration. Millions of others must feel the same way; they just don’t know what to do. Let’s take the lead and make this the start!
AGAIN:
When: 4pm – ? Thursday, September 25.
Where: Southern end of Bowling Green Park, in the plaza area
What to bring: Banners, noisemakers, signs, leaflets, etc.
Why: To say we won’t pay for the Wall Street bailout
Who: Everyone!
PETITION LETTER from 200 ECONOMISTS:
To the Speaker of the House of Representatives and the President pro tempore of the Senate:
As economists, we want to express to Congress our great concern for the plan proposed by Treasury Secretary Paulson to deal with the financial crisis. We are well aware of the difficulty of the current financial situation and we agree with the need for bold action to ensure that the financial system continues to function. We see three fatal pitfalls in the currently proposed plan:
1) Its fairness. The plan is a subsidy to investors at taxpayers’ expense. Investors who took risks to earn profits must also bear the losses. Not every business failure carries systemic risk. The government can ensure a well-functioning financial industry, able to make new loans to creditworthy borrowers, without bailing out particular investors and institutions whose choices proved unwise.
2) Its ambiguity. Neither the mission of the new agency nor its oversight are clear. If taxpayers are to buy illiquid and opaque assets from troubled sellers, the terms, occasions, and methods of such purchases must be crystal clear ahead of time and carefully monitored afterwards.
3) Its long-term effects. If the plan is enacted, its effects will be with us for a generation. For all their recent troubles, America’s dynamic and innovative private capital markets have brought the nation unparalleled prosperity. Fundamentally weakening those markets in order to calm short-run disruptions is desperately short-sighted.
For these reasons we ask Congress not to rush, to hold appropriate hearings, and to carefully consider the right course of action, and to wisely determine the future of the financial industry and the U.S. economy for years to come.
Signed (updated at 9/25/2008 8:30AM CT)
Acemoglu Daron (Massachussets Institute of Technology)
Adler Michael (Columbia University)
Admati Anat R. (Stanford University)
Alexis Marcus (Northwestern University)
Alvarez Fernando (University of Chicago)
Andersen Torben (Northwestern University)
Baliga Sandeep (Northwestern University)
Banerjee Abhijit V. (Massachussets Institute of Technology)
Barankay Iwan (University of Pennsylvania)
Barry Brian (University of Chicago)
Bartkus James R. (Xavier University of Louisiana)
Becker Charles M. (Duke University)
Becker Robert A. (Indiana University)
Beim David (Columbia University)
Berk Jonathan (Stanford University)
Bisin Alberto (New York University)
Bittlingmayer George (University of Kansas)
Boldrin Michele (Washington University)
Brooks Taggert J. (University of Wisconsin)
Brynjolfsson Erik (Massachusetts Institute of Technology)
Buera Francisco J. (UCLA)
Camp Mary Elizabeth (Indiana University)
Carmel Jonathan (University of Michigan)
Carroll Christopher (Johns Hopkins University)
Cassar Gavin (University of Pennsylvania)
Chaney Thomas (University of Chicago)
Chari Varadarajan V. (University of Minnesota)
Chauvin Keith W. (University of Kansas)
Chintagunta Pradeep K. (University of Chicago)
Christiano Lawrence J. (Northwestern University)
Cochrane John (University of Chicago)
Coleman John (Duke University)
Constantinides George M. (University of Chicago)
Crain Robert (UC Berkeley)
Culp Christopher (University of Chicago)
Da Zhi (University of Notre Dame)
Davis Morris (University of Wisconsin)
De Marzo Peter (Stanford University)
Dubé Jean-Pierre H. (University of Chicago)
Edlin Aaron (UC Berkeley)
Eichenbaum Martin (Northwestern University)
Ely Jeffrey (Northwestern University)
Eraslan Hülya K. K.(Johns Hopkins University)
Faulhaber Gerald (University of Pennsylvania)
Feldmann Sven (University of Melbourne)
Fernandez-Villaverde Jesus (University of Pennsylvania)
Fohlin Caroline (Johns Hopkins University)
Fox Jeremy T. (University of Chicago)
Frank Murray Z.(University of Minnesota)
Frenzen Jonathan (University of Chicago)
Fuchs William (University of Chicago)
Fudenberg Drew (Harvard University)
Gabaix Xavier (New York University)
Gao Paul (Notre Dame University)
Garicano Luis (University of Chicago)
Gerakos Joseph J. (University of Chicago)
Gibbs Michael (University of Chicago)
Glomm Gerhard (Indiana University)
Goettler Ron (University of Chicago)
Goldin Claudia (Harvard University)
Gordon Robert J. (Northwestern University)
Greenstone Michael (Massachusetts Institute of Technology)
Guadalupe Maria (Columbia University)
Guerrieri Veronica (University of Chicago)
Hagerty Kathleen (Northwestern University)
Hamada Robert S. (University of Chicago)
Hansen Lars (University of Chicago)
Harris Milton (University of Chicago)
Hart Oliver (Harvard University)
Hazlett Thomas W. (George Mason University)
Heaton John (University of Chicago)
Heckman James (University of Chicago – Nobel Laureate)
Henderson David R. (Hoover Institution)
Henisz, Witold (University of Pennsylvania)
Hertzberg Andrew (Columbia University)
Hite Gailen (Columbia University)
Hitsch Günter J. (University of Chicago)
Hodrick Robert J. (Columbia University)
Hopenhayn Hugo (UCLA)
Hurst Erik (University of Chicago)
Imrohoroglu Ayse (University of Southern California)
Isakson Hans (University of Northern Iowa)
Israel Ronen (London Business School)
Jaffee Dwight M. (UC Berkeley)
Jagannathan Ravi (Northwestern University)
Jenter Dirk (Stanford University)
Jones Charles M. (Columbia Business School)
Kaboski Joseph P. (Ohio State University)
Kahn Matthew (UCLA)
Kaplan Ethan (Stockholm University)
Karolyi, Andrew (Ohio State University)
Kashyap Anil (University of Chicago)
Keim Donald B (University of Pennsylvania)
Ketkar Suhas L (Vanderbilt University)
Kiesling Lynne (Northwestern University)
Klenow Pete (Stanford University)
Koch Paul (University of Kansas)
Kocherlakota Narayana (University of Minnesota)
Koijen Ralph S.J. (University of Chicago)
Kondo Jiro (Northwestern University)
Korteweg Arthur (Stanford University)
Kortum Samuel (University of Chicago)
Krueger Dirk (University of Pennsylvania)
Ledesma Patricia (Northwestern University)
Lee Lung-fei (Ohio State University)
Leeper Eric M. (Indiana University)
Leuz Christian (University of Chicago)
Levine David I.(UC Berkeley)
Levine David K.(Washington University)
Levy David M. (George Mason University)
Linnainmaa Juhani (University of Chicago)
Lott John R. Jr. (University of Maryland)
Lucas Robert (University of Chicago – Nobel Laureate)
Luttmer Erzo G.J. (University of Minnesota)
Manski Charles F. (Northwestern University)
Martin Ian (Stanford University)
Mayer Christopher (Columbia University)
Mazzeo Michael (Northwestern University)
McDonald Robert (Northwestern University)
Meadow Scott F. (University of Chicago)
Mehra Rajnish (UC Santa Barbara)
Mian Atif (University of Chicago)
Middlebrook Art (University of Chicago)
Miguel Edward (UC Berkeley)
Miravete Eugenio J. (University of Texas at Austin)
Miron Jeffrey (Harvard University)
Moretti Enrico (UC Berkeley)
Moriguchi Chiaki (Northwestern University)
Moro Andrea (Vanderbilt University)
Morse Adair (University of Chicago)
Mortensen Dale T. (Northwestern University)
Mortimer Julie Holland (Harvard University)
Muralidharan Karthik (UC San Diego)
Nanda Dhananjay (University of Miami)
Nevo Aviv (Northwestern University)
Ohanian Lee (UCLA)
Pagliari Joseph (University of Chicago)
Papanikolaou Dimitris (Northwestern University)
Parker Jonathan (Northwestern University)
Paul Evans (Ohio State University)
Pejovich Svetozar (Steve) (Texas A&M University)
Peltzman Sam (University of Chicago)
Perri Fabrizio (University of Minnesota)
Phelan Christopher (University of Minnesota)
Piazzesi Monika (Stanford University)
Piskorski Tomasz (Columbia University)
Rampini Adriano (Duke University)
Reagan Patricia (Ohio State University)
Reich Michael (UC Berkeley)
Reuben Ernesto (Northwestern University)
Roberts Michael (University of Pennsylvania)
Robinson David (Duke University)
Rogers Michele (Northwestern University)
Rotella Elyce (Indiana University)
Ruud Paul (Vassar College)
Safford Sean (University of Chicago)
Sandbu Martin E. (University of Pennsylvania)
Sapienza Paola (Northwestern University)
Savor Pavel (University of Pennsylvania)
Scharfstein David (Harvard University)
Seim Katja (University of Pennsylvania)
Seru Amit (University of Chicago)
Shang-Jin Wei (Columbia University)
Shimer Robert (University of Chicago)
Shore Stephen H. (Johns Hopkins University)
Siegel Ron (Northwestern University)
Smith David C. (University of Virginia)
Smith Vernon L.(Chapman University- Nobel Laureate)
Sorensen Morten (Columbia University)
Spiegel Matthew (Yale University)
Stevenson Betsey (University of Pennsylvania)
Stokey Nancy (University of Chicago)
Strahan Philip (Boston College)
Strebulaev Ilya (Stanford University)
Sufi Amir (University of Chicago)
Tabarrok Alex (George Mason University)
Taylor Alan M. (UC Davis)
Thompson Tim (Northwestern University)
Tschoegl Adrian E. (University of Pennsylvania)
Uhlig Harald (University of Chicago)
Ulrich, Maxim (Columbia University)
Van Buskirk Andrew (University of Chicago)
Veronesi Pietro (University of Chicago)
Vissing-Jorgensen Annette (Northwestern University)
Wacziarg Romain (UCLA)
Weill Pierre-Olivier (UCLA)
Williamson Samuel H. (Miami University)
Witte Mark (Northwestern University)
Wolfers Justin (University of Pennsylvania)
Woutersen Tiemen (Johns Hopkins University)
Zingales Luigi (University of Chicago)
Zitzewitz Eric (Dartmouth College)
I may be too impressionable, but I’ve warmed up to Sarah Palin. For President! The American two-party delusion needs a coup-de-grace, and doesn’t Palin have just authenticity enough to pull the trigger? Assail this logic if you can.
The Democratic Party is already out of the picture. Since reclaiming Congress in 2006 the Dems have shown Americans what they can do. Nothing. Name the issue, whatever their constituents want, the Democrats won’t deliver it. They can’t even commandeer a lead in the polls against the most despised political machine in recent memory. They’ve got a charismatic candidate who can run pirouettes around his opponent, a corrupt, desperate, lying geriatric. But the Dems can’t sway the corporate media from allegiance to the GOP.
How many rotten eggs do you need hatched? The Democrats are already rolling over for 2008 election irregularities. They will give in to Wall Street’s trillion-plus dollar extortion. And they won’t end the war, or stop torture, or defend the Constitution, or impeach genocidal bastards, regardless the public’s outrage. The Democratic Party is a dead lost cause. Dead.
The Republican Party is still kicking -the shit out of us- and they’ve no doubt got plenty left in them. We learned in just the space of a week that the GOP financiers must get their money or they’ll break the economy’s kneecaps. What kind of odds do you want the goons won’t be back for more?
We used to imagine that asset-stripping capitalists knew enough not to kill the golden goose, but maybe we underestimate the standard of living (ours) left to strangle from her.
Republican journeymen such as McCain, Lieberman, Graham, and cronies Paulson et Cheney, won’t stop at extracting your gold fillings. But novitiate Sarah Palin just may have a less developed depth of greed.
I’ve made this mistake before, when I imagined George W. Bush too simple to know that absolute power was his to corrupt. But don’t you have the sense Sarah Palin is the real deal? There’s no Prescott Bush in her bloodline. Palin will loot only as much as she can stash in a Winnebago. Then she’ll apply herself to her spiritual calling. She’s no Tammy Faye. To my mind, Palin’s religiosity is sufficiently extreme to appear genuine.
There may of course remain Halliburton machinations behind Palin’s flirty church lady. But the oligarchs’ growing mendacity, combined with Sarah Palin’s small-minded zealotry, could bring Fascist America beyond the pale. I think the GOP legacy could finally close the book on our nation’s Democracy fable. If we survive it, the Republicans will be gone for good.
I’m with Jacques‘ election 2008 slogan:
GOP IN 2008, GONE FOREVER IN 2012, WORTH THE RISK.
The Great American Swindle. $1T Bail out plan for Wall St. would give absolute power to Treasury Secretary Paulson, his decisions on how to spend the money would not be reviewable by Congress, or any court of law. This, after they included a provision in the $85B AIG bailout that lets financial firms use customer assets to insure solvency — which means they can borrow your stocks, bonds, CDs, money market acct., etc. — without your permission — and if they go under, you are just another creditor in bankruptcy court.
The GOP Disease. The “Party of Responsibility” morphed under Regan deregulation into Capitalist Anarchists, “failures are just the market regulating itself.” But now that that the financial institutions are failing (which the regulations were designed to prevent) they suddenly become Socialists — but only for the filthy rich. The other 95% of us are left on our own.
The bailouts of Wall St. brings to mind Republican president Ronald Reagan’s comments about “welfare queens driving Cadillacs,” but today’s welfare queens have private jets, enormous mansions, and multi-million dollar incomes. And that’s just fine with the GOP.
McCain declares war on the New York Times, for revealing his campaign manager was behind the deregulation that brought on Wall St. collapse.
Conservative George Will goes after McCain.
McCain lies. He said he supported Northern Ireland peace process, but he opposed it.
McCain opposes MidEast peace process.
Why is John McCain so afraid of Rachel Maddow?
Top Alaskan Republican, Senator Lyda Green says “Palin isn’t prepared to be governor. How can she be prepared to be vice president or president? Look at what she’s done to this state. What would she do to the nation?”
McCain’s chief of staff outed as gay. Suppose Sarah Palin will demand he be burned at the stake? Or will she just shoot him and mount him on the wall of her den?
Rush Limbaugh says Obama isn’t black, he’s Arab.
Fool us once … we won’t get fooled again. Polls: “by a two-to-one margin Americans blame Republicans for the current financial crisis.” 82% say the economy is getting worse (0% say it is getting better), and only 28% support the bailouts. Not that the politicians, bought and paid for by Wall St., give a damn what we think. Oh, and 54% say the US is losing the “war on terror.”
Excerpts from Thomas McCullock’s Sept 23 notes, thomasmc.com.
The Kleptocrats are pulling the biggest heist in world history. They created money out of nothing, and are now dumping all that worthless paper on the taxpayers. The Robber Barrons took the money and ran, and are now planning their next, even bigger, heist.
Even arch conservative Bill Kristol is balking at the trillion dollar heist being pulled on the taxpayer. And he isn’t the only one.
Know them by their fruits. McCain’s campaign manager made $2 million blocking regulations for the mortgage “industry.”
McCain: “I’m glad I deregulated Wall Street.”
Fed Chairman and Treasury Secretary told Senate on Friday that complete meltdown of our entire financial system is just days away. Or, as John McCain would say, “the fundamentals of our economy are strong.” Just not in our favor. And their “rescue plan” is likely to finish off our economy all together. All because, 8 years ago, half the voters thought it would be cute to vote for the guy they’d like to have a beer with. Maybe America deserves to fail.
Bare market. Fed moves to rescue Goldman Sachs and Morgan Stanley.
USA is collapsing just like USSR. It’s now unavoidable, the only question is, what comes after?
John McCain (KKK Party) scapegoats blacks for financial crisis. Oh, and BTW, Obama is black, so he must be in cahoots!
Non-elitist John McCain owns THIRTEEN cars.
One swindle after another. McCain thinks a market-based reform of the health care crisis is called for, since that worked so well with Wall St.
Saturday Night Live skit reveals the truth about the McCain campaign better than all the news networks combined.
Judge orders Cheney to preserve records. As if he’s ever obeyed the law before.
NASA to hold press conference Tuesday about death of our solar system.
Excerpts from Thomas McCullock’s Sept 22 notes, thomasmc.com.
Credit where it’s due, one of my Democratic friends posted this on alfrankenweb.com, username is JPZenger, after a Revolutionary War era Journalist from New York.
Enjoy and forward to all, friend and foe alike.
From: Minister of the Treasury Paulson
Subject: REQUEST FOR URGENT CONFIDENTIAL BUSINESS RELATIONSHIP
Dear American:
I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.
I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.
I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe.
This is a matter of great urgency. We need a blank check.
We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.
Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@treasury.gov so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.
Yours Faithfully
Minister of Treasury Paulson
USA Bankrupt! Bush to spend $1 TRILLION to bail out Wall Street, so the filthy rich won’t lose a dime, and middle America is left holding the bag. Even the Robber Barrons of a hundred years ago would blush at the heist that is now going on. And, of course, the Democrats are goose-stepping right behind him.
The Big Whisper: What’s Up With John McCain? Is he more of a candidate for the Alzheimers ward?
McCain says he would fire SEC chairman. That’s like saying he would fire the janitor because the principal took away all his cleaning supplies. And McCain “the Deregulator” is the principal. Oh, and never mind that the president doesn’t have the authority to fire him. Maybe McCain is planning more of a dictatorship, than a presidency?
Barack Obama responded by telling voters:
“This comment was so out of touch that even George Bush’s White House couldn’t agree with it when they were asked about it. They had to distance themselves from John McCain! … In the next 47 days you can fire the whole trickle-down, on-your-own, look-the-other way crowd in Washington who has led us down this disastrous path. Don’t just get rid of one guy. Get rid of this administration. Get rid of this philosophy. Get rid of the do-nothing approach to our economic problem and put somebody in there who’s going to fight for you.”
Excerpts from Thomas McCullock’s Sept 19 notes, thomasmc.com.
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!
Bailouts for the big boys and slander for the poor! What else is new in America? Not a word in the corporate press about the irresponsible criminal investments by the super rich of the banking and insurance companies, but look how they talk about the supposed irresponsibility of those who chose to try to ride the big storm out? And not one iota of examination of why so many people choose to not physically flee these hurricanes that come their way over and over and over each Hurricane Season?
Who gets the public assistance, too? Most of those that choose not to leave storm areas do so because they simply don’t have the savings to just drop everything and run. Whether people run or not who comes to their aid? And who comes to the aid of the rich with their bad investments? It’s two different stories now.
Our hurricane emergency systems seem to have much in common with those of Haiti. You’re on your own, Suckers! ‘Cause the good old government of the USA is way too busy invading and occupying other countries to actually provide people inside our country with the necessary relocation and re-development funds to adequately protect themselves. It’s too busy bailing out the Big Boys. In short, it’s just too busy saving the wolves and killing the sheep. Thank much about you and your family? Not likely.
The Domino Theory at work! Next to fall- Washington Mutual. Nothing related to Vietnamese Communism at all, but to American capitalism itself.
And what does Wall Street and Washington, D.C. advocate now? Why socialism! They advocate socialism for themselves,The Rich, where profits are privatized for the super elites and losses are socialized for the poor to pay the costs of bad business dealings done by private owners. They call that ‘bailout’.
So if we are to have this form of socialism in place in the US one begins to wonder about having a much different form of Socialist Movement return to the scene, where benefits are privatized and the super rich must pay their fair costs to a society that they have been looting from? Well why not? Why should government always be benefiting only the rich, where corporate corruption allows Big Business to seize control of the government to use only for themselves?
Also, we need to ask ourselves whether Big Business will ever care for Nature? The answer seems obvious that NO it will not, since looting nature is part of the essential business ethic of making profit for owners at the expense of others (workers and Nature).
Yes, Socialism is back and we need to see that it is not the National Socialism of the rich for the rich that shall predominate, but rather Socialism of those who do the work for those who do the work, that is put into effect. Because one way or the other, it is what’s now on the agenda. After WaMu, which next? The corporate-run government is bankrupting itself to stop bankruptcy! The FDIC will have to spend another $20 billion if this bank blows bringing itself almost to the point of insolvency. The money for bailouts and bankruptcies is not endless.
Morgan and Goldman plummet, Halifax Bank of Scotland (HBOS) in talks. World economy crumbles beneath weight of worthless dollars.
To put things in perspective, it helps to know that Lehman Brothers holdings were 10 times the value of Enron’s, a company that also fell into bankruptcy amidst scandal. But the collapse of the American economy is not over yet, as other companies, such as Washington Mutual and AIG also appear to be on their way to going under. Here is what wikipedia has to say about AIG, the 18th largest company in the world, and one that in 2006 was fined over 1.5 billion dollars for fraud.
‘On June 15, 2008, under intense pressure due to financial losses and a falling stock price, Martin Sullivan resigned from the CEO position. He was replaced by Robert B. Willumstad who has served as Chairman of the Board of Directors of the Company since 2006.
In 2008, AIG’s share prices fell over 95% to less than $3 in September and the company reported over $13.2 billion in losses in the first six months of that year. As Lehman Brothers suffered a major decline in value and share price, potential investors began to compare the types of securities held by AIG to those held by Lehman, and found that AIG had valued their Alt-A and sub-prime mortgage-backed securities at rates 1.7 to 2.0 times those Lehman had used for what Lehman officials called similar securities. On September 14, 2008, AIG announced it was considering selling its aircraft leasing division, International Lease Finance Corporation, in an effort to raise necessary capital for the company. The Federal Reserve has hired Morgan Stanley to determine if there are systemic risks to a failing AIG, and has asked private entities to supply short-term “bridge” loans to the company. In the meantime, New York regulators have approved AIG for $20 billion in borrowing from its subsidiaries.
On September 16, AIG’s stock dropped 60 percent at the market’s opening. The Federal Reserve continued to meet that day with major Wall Street investment firms to broker a deal to create a $75 billion line of credit to the company. Rating agencies Moody’s and Standard and Poor’s, meanwhile, downgraded their ratings on AIG’s credit on concerns over continuing losses to mortgage-backed securities. The New York Times later reported that talks on Wall Street had broken down and AIG may file for bankruptcy protection on Wednesday, September 17.’
Will this company in fact file for bankruptcy tomorrow as the NYT reports? And what about Washington Mutual and the others? It’s beginning to look like the 30’s once again, and all doubt about ‘recessions’ or not is now over. The word is DEPRESSION. Hang onto your job, house, and pension if you can, for it looks grim.
COLORADO SPRINGS- If you’re not going to watch the propaganda on CNN/FOX/”24″ they’ll bring it to you! Inserted in this morning’s Gazette was OBSESSION: RADICAL ISLAM’S WAR AGAINST THE WEST, a DVD distributed by The Clarion Fund and promoted by Alan Dershowitz. Why a free copy of a 2006 crockumentary now? This “non-partisan organization devoted to educating the public about national security issues” wants us to check out www.radicalislam.org because “it’s our responsibility to ensure we can all make an informed vote in November.” And the DVD insert went to newspapers in SWING STATES!
The DVD wrapper features a blurb by Michael Medved, the pro-war Zionist cloaked as mild-mannered film critic. Says Medved, “Obsession is one of the most powerful, expertly crafted and undeniably important films I’ve seen this year…” No mention that the year was 2006, and the made-for-a-previous-US-election quasi-documentary has already been widely debunked as racist propaganda. An executive producer of “24” intones: “… required viewing for everyone.”
Oh, and of course Edmund Burke’s helpful nudge: “All that is necessary for the triumph of evil is that good men do nothing.”
Bad enough that this insert went to the Gazette’s 100k readership, it also went out with the newspapers below. This is more than the FREEDOM COMMUNICATION chain, it includes the NYT and the WSJ.
Do you detect a Swing-State pattern where Colorado, Florida, Michigan, Nevada, Pennsylvania, Ohio and Virginia predominate?
Paid Advertising Supplement to: Akron Beacon, Altoona Mirror, Ann Arbor News, Blade, Bucks Co. Courier Times, Centennial Citizen, Chronicle of Higher Education, Cincinnati Enquirer, Claremont Review, Clovis News Journal, Columbus Dispatch, Daily Camera, Daily Commercial, Daily Nonpareil, Dayton Daily News, Denver Post, Des Moines Register, Detroit Free Press, Erie Times-News, Examiner, Flint Journal, Florida Times-Union, Fort Collins Coloradoan, Ft. Lauderdale El Sentinel, Ft. Meyers News Press, Gazette, Grand Rapids Press, Greeley Tribune, Green Bay Press-Gazette, Hobbs News-Sun, Iowa City Press Citizen, Janesville Gazette, Journal News, Journal Times, La Crosse Tribune, Lansing State Journal, Las Vegas Review-Journal/Sun, Miami-El Nuevo Herald, Miami Herald, Middletown Journal, Milwaukee Journal Sentinel, Morning Call, Morning Journal, Nevada Appeal, New Appeal, New Hampshire Union Leader, News-Leader, New York Times, Ocala Star Banner, Orlando Sun Sentinel, Palm Beach Post, Patriot-News, Philadelphia Inquirer, Pittsburgh Post-Gazette, Portsmouth Herald, Quad-City Times, Reading Eagle, Reno Gazette-Journal, Repository, Rio Rancho Observer, Sioux City Journal, South Bend Tribune, South Florida Sun-Sentinel, St. Petersburg Times, Sun-Gazette, Tallahassee Democrat, Tampa Tribune, Toledo Blade, Tribune, Tribune-Review, Vindicator, Virginian-Pilot, Wall Street Journal, World Jewish Digest.
The Blue states of Iowa, New York and Wisconsin seem also to have been targeted…
I’ve got a few documentaries to recommend for everyone. In particular Colorado Springs. First, how about FOR THE BIBLE TELLS ME SO about the means American Fundamentalist Churches sow division and hatred between peoples. Its climax is set in the Springs, but no local commercial movie theater will dare screen the film. It did visit Colorado College, so we’ll have more to report on the film and its director later.
FOR THE BIBLE TELLS ME SO -Trailer
Next, a recent investigation into the forces moving behind the sensationalizing of NINE/ELEVEN. It’s called FABLED ENEMIES and you can view it online.FABLED ENEMIES
Also online is an investigation of the tragedy of the USS Liberty, an American Navy surveillance ship that had the misfortune to witness the Israeli preemptive attack on Egypt in 1967. LOSS OF LIBERTY recounts how Israeli jets were forced to attack the Americans to cover their tracks, killing 34 sailors and wounding 171, and the US administration had to cover-up the incident because it was determined to keep portraying Israel as America’s ally.LOSS OF LIBERTY
When it comes to American imperialism, there is no difference at all between Obama and McCain. So it is no surprise at all to see Barack Obama supporting George W. Bush’s belligerent neocon aggression against Russia. The voice of the American imperialist neocons is The Wall Street Journal, and here is their report- President Bush Wins Sen Barack Obama’s Backing Over Georgia
That is GEORGE SOROS, main mover and funder behind the self styled “Human Rights Watch.” The US government is on a bipartisan campaign to label Russia a brutal imperialist country, blaming it for war crimes by Russia’s coming to the defense of its own national defense interests on its Southern border. And heading up its propaganda campaign is the so-called US based and funded human rights organization, Human Rights Watch, which has been bombarding the Western press with accusations against Russia that the country has supposedly been violating international ‘norms of civilized warfare’ in the recent fighting with Georgia.
These HRW accusations are that Russia has been using cluster bombs in the fighting and the one and only source for these claims seems to be Human Rights Watch. Why only they then? And why is this the Human Rights Watch’s focus and not the placing of US nuclear weapons systems in Poland to threaten Russia with a nuclear first strike? Is this just the first instance of such imbalance in commentaries and campaigns by Human Rights Watch, or is this an endemic style of theirs?
The short answer is that this is far from being the first time that Human Rights Watch has been on the front lines of propaganda warfare for the US government, as has been documented well in the past by many. Edward S. Herman for example, a co-thinker and coauthor with Noam Chomsky, wrote this about Human Rights Watch’s record in regard to the US invasion and occupation of Iraq….
‘But despite these and countless other constructive efforts (to avoid a war with Iraq), the organization has at critical times and in critical theaters thrown its support behind the U.S. government’s agenda, sometimes even serving as a virtual public relations arm of the foreign policy establishment. Since the early 1990s this tendency has been especially marked in the organization’s focus on and treatment of some of the major contests in which the U.S. government itself has been engaged—perhaps none more clearly than Iraq and the Balkans. Here, its deep bias is well-illustrated in a March 2002 op-ed by HRW’s executive director, Kenneth Roth, published in the Wall Street Journal under the title “Indict Saddam.”[7] The first thing to note about this commentary is its timing. It was published at a time when the United States and Britain were clearly planning an assault on Iraq with a “shock and awe” bombing campaign and ground invasion in violation of the UN Charter. But Roth doesn’t warn against launching an unprovoked war—though wars of aggression had been judged by the Nuremberg Tribunal to be the “supreme international crime” that “contains within itself the accumulated evil of the whole.”[8] On the contrary, Roth’s focus was on Saddam’s crimes, and provided a valuable public relations gift to U.S. and British leaders, diverting attention from and putting an apologetic gloss on their prospective supreme international crime.’
This is part of a 35 page work tha Herman did in investigating Human Rights Watch’s connections with the US government and the entire publication is well worth reading. See Znet’s copy of Human Rights Watch in Service to the War Party which was published back in February 2007.
Also of note is Michael Barker’s Hijacking Human Rights which like Herman’s much longer analysis, reviews the funding of Human Rights Watch and show how it is so well connected to the propaganda work they do for the US State Department and Pentagon. He focuses on the role of George Soros in creating today’s Human Rights Watch.
Both Barker and Herman (and his coauthors) study this funding of HRW and take it apart in detail and show its role in the structure of HRW’s work in pushing pro- US government propaganda to the press.
It is important for people to know more about Human Rights Watch because many people see ‘human rights’ or ‘united nations’ in a name and they think automatically that that is what these organizations are connected with serving. That is not always the case, no more so than that because the word ‘Christian’ is in a name automatically denotes that leaders of these groups have anything to do with true the ideals and beliefs of Christianity.
Unfortunately many liberals and radical types seem to be falling for it. Liberal web sites like Common Drreams and alternet are running these Human Rights Watch propaganda blasts as if they are somehow the real thing. With a record as bad as Human Rights Watch has with its continual connection of itself with paralleling US war drives, these Progressive folk really should be much more critical minded and less gullible than they are when it comes to reading the HRW material. Just follow the money trail…
The Russians have issued a peace plan for Georgia and the US to accept, and SURPRISE!
It’s the same peace plan that was in place before, which the US and Georgia violated by entering and attacking South Ossetia. The peace plan calls for non- aggression in South Ossetia to be monitored by peacekeeping troops. FACTBOX-Peace plan for Georgia: what is it? This peace plan is essentially the same one that the European Union has already proposed and that was already once in place.
However, it is obvious to all that the US and Georgian governments do not feel in the least obligated to abide by this plan since they have already violated it once by unilatrally sending troops into South Ossetia. Further the official US government propaganda mills in the US (the New York Times, Washington Post, George Dubya Bush, Rice, etc.) have made it clear with their continued belligerency that this attack on South Ossetia was only the beginning of the continued US government plan to now constantly attack Russia. They have no desire at all to retreat despite the human suffering their war plans are causing. They want to control the natural resources of Asia for US corporate interests and that is all that counts for them.
It seems clear that this is the new Republican plan to try to advance John McCain’s chances for entering into the White House, too, and since the Democrats share the same foreign policy goals of the Republicans they will not be able to counter the Republican offensive but will instead echo everything the Bush Administration does. The Republican plan is to simply reignite Cold War rhetoric against the nationalist capitalist regime of the country today named Russia, and to attack the Democratic Party for being supposedly weak in this campaign.
Liberal pacifists and academic Left Libertarians in the Peace Movement are also not prepared to do anything against this new neocon propaganda offensive against Russia. They also tag along with the Republicans spewing out constant anti- Chinese and anti- Russia vitriol all on their own. Their mantra has always been merely a call to equally and incessantly blame victims of US aggression alongside the blame they toss out against the US government for causing the chaos and conflict in the world today.
But how can a US Antiwar Movement be built on such a foundation like that? In fact, you hardly see these people active even going through the motions of organizing a US Antiwar Movement. It is all talk and writing for the liberal community that they are engaged in and propagandizing for, and nothing of real organizing an Antiwar Movement. By equalizing responsibility as they do, in fact they expose themselves as being US nationalists themselves despite their criticisms of the US corporate government, simply because who is to blame is not equal at all in the least.
Russia and China are now engaged by the US government in a very real war of worldwide proportions, and yet the public in the US is not even vaguely aware in the least of what their own corporate dictatorship government has planned for us all. Where will the next new fighting be started by the militarists in the White House? How can they be stopped without total disaster occurring? The future indeed does look grim.
One aspect of interest is how the US government used Georgia to muscle out the interests of all the Western European countries besides the United Kingdom This fighting has been a US power government play to mold NATO as it wants it to be molded, the Europeans be damned. See the Wall Street Journal commentary… Splits Emerge Within EU
Russia should not take any US talk of peace seriously, since the US government’s actions since the fall of the exSoviet Union have made it already clear that the US corporations merely want to beat down Russia with a big stick.
Cheney is skipping the GOP convention, he has his regularly scheduled meeting with Lucifer that day.
Book by former Wall Street Journal reporter claims White House ordered CIA to forge evidence linking Saddam to al Qaeda, and knew that Iraq had no WMDs before the invasion. Well, duh!
Excerpts from Thomas McCullock’s notes Aug 5, thomasmc.com.
Poor Dubya, he tries to make out like he’s another George Carlin but comes up only as a totally lame George Bush. But who else other than Dubya to make this analogy, that Wall Street ‘got drunk’? … See for yourself… He’s great at economic theory, isn’t he???!
Found this recently: Genetically-Engineered Babies With HIV-Resistant Genes This kind of information is so completely vapid and devoid of information (or purposeful dis-information) it’s mind numbing. As long as WE, John and Jane Q. Public, don’t have a clue of what HIv really is, we’ll believe anything.
And… that viruses, like HPV and HVV and HSV etc… can and do cause cancer is another falsehood going around now. They can’t!! It’s impossible. Cancer and virus are two completely different entities and produce different symptoms and effects that are not related or compatible in any way!! Cancer is cell growth, Virus is cell destruction! Don’t get the HPV Gardasil vaccination! It’s bogus.
We are already resistant to virus and microbial infection! IT’S CALLED AN IMMUNE SYSTEM!!!!!!! If it’s healthy and not compromised by prolonged drug and alcohol use and malnutrition and unsanitary living conditions! OR, by taking the DNA chain terminating, bone marrow destroying antiretroviral AIDS drugs! New vaccinations and drugs and testing kits to detect or cure fake diseases that are being created, are huge money making opportunities for wall street and the pharmaceutical companies. HEALTHY IMMUNE SYSTEM IS KEY! (interferon response is immune system response.)
This new gene is a distraction. It is not needed regardless. And I wonder how these researchers were able to study HIv since it is so difficult to find in the body that it has to be co-cultured with growth stimulants in the lab. Luc Montagnier knew that and Robert Gallo knew that as well. Retroviruses as a class, are all weak and very difficult to isolate. And what is TRIM22? The lie that HIv keeps mutating is central to maintain the claim that it cannot be cured and must be fought with a never ending new line of drugs… that are worthless. Thus this articles calling for a new drug to mimic the action of this supposed gene.
HIv is a retrovirus, incapable of causing anything because it is non-cytocidal or non-cytotoxic. IT CANNOT DESTROY THE CELL IT INFECTS! It cannot spread to other cells. Abbot Labs grew HIv using T-cells to get the proteins to create the HIv Elisa test kits. They are also called “passenger” virus as the body destroys 1,000’s everyday and rids itself of them. If you test positive for the antibodies to HIv, (which has likely been a false positive as many diseases and even pregnancy react to the many proteins on the test strips, which are not all HIv proteins) you are PROTECTED!. That’s what antibodies represent. Protection and destruction of the virus/microbe.
Herpes is the exception as it has the ability to hide in the nervous system, but… it is a cytotoxic virus. It produces a specific sore always and within days or a week from infection. It is not a retrovirus. It can be isolated in the blood. HIv has never been isolated in blood or flesh by the required titer to prove causation of disease. Never! Why there isn’t a vaccination for Herpes is the question we should be asking.
What can we expect of a capitalist system gorging itself on the misery of others? The energized “food speculators” have found another way now to skim money off of commodities (and off those producing them) by racing out of their burnt down, failing criminal derivatives scams – that are and will continue to cause job loss, retirement and savings loss, home equity loss – and into food.
This should be stopped immediately by Congress in the interests of the nation and the poorest countries that are now experiencing riots and unrest over high prices and shortages. But you can bet the millionaires in Congress are profiting from this hideous behavior and won’t do a god damn thing about it other than throw money, our money, at it. Worthless solutions from bankrupt minds.The liars in the mainstream media blame everything else but the real cause …the Wall Street vipers. This is our American culture …profit at all and any costs.
Ethanol is turning out to be a speculative tool as well, besides taking land away from corn grown for cattle feed and humans. Sugar cane, other forms of bio-fuel will become speculator targets as well. Even water! All of this investing in commodities is driven by the falling dollar created by the Fed who crashed the dollar!! Lowering interest rates and opening cheap credit windows to Wall Street floods the economy with more worthless paper. This is driving the commodities bubble as well. Investors are trying to hedge against losses from the subprime/derivatives scams. It’s all related… not as the mainstream news claims that weather or high oil prices are driving this. Bullpucky.
“According to Grünewald, “Raw materials are the mega-trend of the decade,” and his company intends to intensify its involvement in both water and agricultural stocks. MIC investment in wheat alone has already yielded profit levels of 93 percent for the 2,500 members of the club.” – WSWS
Read these two articles and see if Wall Street is mentioned: NY Sun: food rationing or Yahoo: food crisis.
Here in Colorado, watching the world economic meltdown is a little like watching a horrible storm coming our way. We see the terrible whether predictions on TV and in the paper, but it has yet to truly hit us and our neighbors still… Wall St. braces for thousands of pink slips But down on Wall Street, many fine paying jobs are going down as the billionaires jockey for position to profit off the misery and the inevitable fallout coming from the eating of little fish by the bigger.
Are they leaping from the top stories of the Manhattan sky scrapers yet? The world hunger riots have already begun, as have the resource wars. This time is different though. There is less and less of nature to loot, so this is not just a downturn of the normal capitalist business cycle. Planet Earth is in a big mess.
We sat around twiddling our thumbs too long while the big boys ran all over the world. There is a big price to pay for having played stupid so long. It’s coming time to pay the piper. Good bye ’50s forever.
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
Makes you sick… capitalism as a means toward social organizing and a just prosperity. Tell me after reading this you’re still convinced that capitalist democracy is viable any longer… for us, the working poor, the working class, the middle classes? We’ve lost all our gains, if any were actually made, since the early 70s. All the surplus that is produced from our labor, whether service or manufacturing, has been stolen by the financial industries and corporate wall street barons. This is the National Dividend that Richard Cook talks about and urges we demand, to get back our gains from our productivity.