Will Grigg in A "Reckoning" Amid the Wreckage states:
Pointless expenditures on space exploration or construction of monuments to the vanity of the ruling class would actually make more sense than the Regime's present course, which is to ruin the currency in a doomed effort to save a failing and terminally insolvent banking system.
The $3.8 trillion budget disgorged by the regime of Obama the Magnanimous -- a document bearing the trans-Orwellian title "A New Era of Responsibility" -- includes a budget deficit of nearly $1.8 trillion. That's a figure, as the observant Anthony Gregory points out, roughly equivalent to the entire federal budget in the year 2000.
When budgets and annual deficits go hyperbolic, hyperinflation is sure to follow. But the cruelly amusing fact is that neither Obama nor the gallery of trained seals called Congress is in charge of the public purse.
Sure, Obama can propose a budget and Congress can ratify it on a party-line vote, but the real economic power now resides with the Commissar for Official Counterfeiting, Ben Bernanke, and the Commissar for Fiscal Fraud, Tim Geithner.
Obama is seeking to salve the electorate's economic wounds with oleaginous words about hope, change, and determination. Meanwhile, Geithner -- as pure a product of the bankster elite as ever drew an undeserved breath -- is "finishing touches on a plan that will dump $1 trillion of toxic assets on the US taxpayer," warns Mike Whitney of CounterPunch. "The plan, which goes by the opaque moniker [of] the `Public-Private Investment Fund' (PPIF), is designed to provide lavish incentives to hedge funds and private equity funds to purchase bad assets from failing banks. It is a sweetheart deal that that provides government financing and guarantees for illiquid mortgage-backed junk for which there is no active market."
There is other mischief afoot behind the obscuring barricade of official acronyms.
No, he doesn't know what he's doing, either: A visibly stressed Tim Geithner (right foreground) testifies before Congress.
What Obama apparently meant by "Day of Reckoning," however, was something along these lines: "My squanderlust predecessor somehow neglected to destroy every pocket of prosperity and productivity left in this economy -- so I reckon it's up to me to finish that job."
When the actual Day of Reckoning arrives, one of three scenarios will play out:
*Sanity will seize our population and our chastened political class will restore the foundations of the pre-1913 (or, better yet, pre-1861) political system.
Yeah, I don't think so either, but it is a possibility.
*The productive elements of the population will divorce themselves from the parasitical ruling class and its client constituencies, eventually creating some kind of loose confederation. While the parasites won't surrender their host without a violent struggle, this is probably the best we can hope for.
*We'll see the Regime continue to inflate, spend, and regiment the population until we achieve the ne plus ultra of Keynesian economics: The government will achieve full employment by forcing all of us to build immense pyramids out of its useless, unwanted fiat currency. more
Greg Bacon in AIG, The Stanford Group and Israel: Cozy as Bedbugs wonders if much of the missing trillions in stolen assets wound up in Israel.
Wall Street loses trillions of dollars, mostly from elderly stockholders and pension funds and no one seems to know where all that loot disappeared to?
It didn't evaporate, but it sure as hell is gone. Some reports put the money stolen, oops, missing from banks and accounts around the world at over 20 TRILLION dollars.
Where has all of that money in those 401K accounts and pension funds got off to?
"The Herzliya Conference is Israel‘s primary global policy annual gathering, drawing together Israeli and international participants from the highest levels of government, business, and academia to address pressing national, regional and world strategic issues."
Heavy emphasis on business, especially Wall Street banks.
Another investment fund, the Stanford Group goes "Uh-Oh", billions of dollars disappear and who's to blame?
Maybe you should look at the recent Ninth Annual Herzliya Conference held in Israel, February 2-4, 2009 and attended by members of the Stanford Group.
Yes, that Stanford Group that seems to have lost at least 8 BILLION dollars of investors money.
Amazing. Yes, simply amazing. Wonder where all that money that disappeared from Wall Street 401K accounts and retirement fund went to?
The only one missing from this "Swindler's List," is Bernie Madoff. But Bernie had already spirited much of the 50-100 BILLION in stolen loot back to the Mother Ship.
Besides hauling the loot to Israel, Bernie found time to spend some of that money on luxury homes.
Think any of that plunder made it back to the USA and into the pockets of our corrupt Congress?
Or maybe this is the "Clean Break: Securing the Realm" scenario talked about where Israel gets some type of outside money to permanently prop up that racist and apartheid, Jews only state.
A document written by some of the same thugs that lied the US into the Iraq War.
Thugs like, David Wurmser, Doug Feith and Richard Perle.
The Clean Break document here, says that "...[financial] self-reliance will grant Israel greater freedom of action and remove a significant lever of pressure used against it in the past."
20 TRILLION dollars would keep Israel on its war mongering path for decades to come.
Patrick Martin speaks of our government as bankrupt and how Pentagon spending exacerbates the banker thefts.
For all Obama's rhetoric about renewing and reviving the economy, the budget figures have a stark meaning: the US government is bankrupt, the US economy moribund. The crash of 2008 marks, not a conjunctural crisis, even of immense magnitude, but a turning point, one that marks the long-term decline of American capitalism and the irreversible loss of its position of world domination.
The White House has ended the Bush administration practice of excluding the cost of the wars in Iraq and Afghanistan from the regular budget, and financing the wars through so-called emergency spending bills passed separately. Obama hailed this action as truth in budgeting, although he will nonetheless request a supplemental appropriation for the two wars, supposedly the last such effort, totaling $75 billion for the current year.
The ten-year projection nonetheless shows total Pentagon spending rising steadily, despite the assumed end to combat operations in Iraq, reaching the staggering total of $872 billion by 2019. Over the entire ten-year period, total US military spending is projected at nearly $8 trillion, a sum greater than the entire GDP of any other country on the planet.
Much publicity has been given to claims that the Obama budget allows Pentagon spending to rise by only 4 percent in 2010, and thereafter 2 percent annually, compared to a 7 percent rate of increase for domestic spending. This is largely a statistical fiction, caused by the assumed decline in spending in Iraq. The baseline Pentagon budget, excluding Iraq and Afghanistan, will rise from $557 billion this year to $689 billion in 2012, a 24 percent increase during Obama's first term in office.
The bloated military budget is likely to swell to even greater proportions. The budget document explicitly declares that the reduction in spending on Iraq and Afghanistan is merely an assumption for the purpose of making estimates, and does not reflect any actual policy decisions to withdraw or redeploy US troops.
In the course of the Bush administration's "war on terror," total Pentagon outlays rose so sharply that they came to exceed the combined total of all other discretionary government spending (i.e., spending that is not already required by law, such as payments under Social Security, Medicare, Medicaid and other "entitlement" programs.) The Obama administration budget confirms and extends this supremacy of guns over butter: Pentagon spending will exceed all other discretionary spending in each of the next ten years, and the discrepancy will grow wider year by year. more
We could on and on with examples of the criminal activities of the bankers and government but sooner or later it comes down to what are we going to do. Bow down to the 'masters' and take our slavery in stride? Give up our children and grandchildren to being indentured servants with no knowledge of what a little freedom is?
Ed Encho at The Existentialist Cowboy is mad and knows that it's up to us to do something, or die on the vine.
-H. L. Mencken
The fascist controllers are in full recognition of the rising tide of anger that is the result of economic despair brought on by a rotted and failed system. I would suggest that any who may have some degree of doubt about the coming reaping of the whirlwind her in Der Homeland only take a look around them for signs. In a couple of recent articles that I personally find relevant, Michael Klare’s A Planet On The Brink and Chris Hedges’ Bad News From America’s Top Spy. The observation that the political unrest that is currently occurring outside our little flag draped cocoon of ignorance and denial will soon be coming to America. An additional reading assignment is this article from The Guardian entitled Summer of Rage.
In layman’s terms, the state is soon going to be weaponized by the very parasites who have sucked the country dry and sold us all out for chump change and are going to make damned sure that the rabble is put down like rabid dogs when the time comes. Now that Posse Comitatus has been rendered irrelevant and the new programs that grew out of the shadow government’s prototype REX 84, Cable Splicer and Garden Plot martial law plans are ready to be implemented. The trap is about to slam shut just at the time that a growing number of the general public is finally starting to get the point that the late, great George Carlin articulated so greatly in his epic rant about who really owns America:
Forget the politicians. They're irrelevant. The politicians are put there to give you the idea that you have freedom of choice. You don't. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own and control the corporations. They've long since bought and paid for the Senate, the Congress, the state houses, the city halls. They've got the judges in their back pockets. They own all the big media companies so they control just about all of the news and information you get to hear. They got you by the balls!
They spend billions of dollars every year lobbying. Lobbying to get what they want. Well, we know what they want. They want more for themselves and less for everybody else. But I'll tell you what they don't want. They don't want a population of citizens capable of critical thinking. They don't well-informed, well-educated people capable of critical thinking. They're not interested in that. That doesn't help them. That's against their interest. That's right.
You know something? They don't want people who are smart enough sitting around the kitchen table to figure out they're getting fucked by a system that threw them overboard thirty fucking years ago. They don't want that. You know what they want? They want obedient workers. Obedient workers. People who are just smart enough to run the machines and do the paper work, and just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and the vanishing pension that disappears the minute you go to collect it.
And now they're coming for your Social Security money. They want your fucking retirement money. They want it back, so they can give it to their criminal friends on Wall Street. And you know something? They'll get it. They'll get it all from you sooner or later. Because they own this fucking place. It's a big club... and you ain't in it. You and I are not in the big club.
By the way, it's the same big club they use to beat you over the head with all day long when they tell you what to believe. All day long, beating you over the head in their media telling you what to believe, what to think and what to buy.
The table is tilted folks. The game is rigged. And nobody seems to notice. Nobody seems to care. Good, honest, hard working people. Blue collar, white collar, doesn't matter what color shirt you have on. Good honest hard working people continue... these are people of modest means... continue to elect these rich cocksuckers who don't give a fuck about them. They don't give a fuck about you. They don't give a fuck about you. They don't care about you. At all. At all. At all. And nobody seems to notice. And nobody seems to care.
That's what the owners count on, the fact that Americans will remain wilfully ignorant about the big red, white and blue dick that is being shoved up their ass every day. Because the owners know the truth. It's called the American Dream because you have to be asleep to believe it.
Divide and conquer is the oldest tactic in the book. This strategy is playing out right now as the guardians of the oligarchy use their bought and paid for corporate media pulpits to propagandize and deceive. Notable is FOX News' involvement in fomenting violence and seeking to splinter and confuse the victims of the grand Ponzi scheme into attacking each other rather than the real cause of their misery. Glenn Greenwald addressed this in his recent piece entitled Fox News "war games" the coming civil war.In a flaming Fox News extravaganza, bursting at the seams with more than the usual fascist bullshit dime store demagogue Glenn Beck (the former local Tampa Bay hack who used to specialize in staging ‘big eater’ runs prior to being called up to the hatemongering big leagues) spoke of a coming civil war. The GOP Gladio (the reference is to a famous fascist WW II stay behind operation) will be led by get this – “bubba” militias aka the dregs of WASP society out to get some payback against that Commie, Muslim ‘nigger’ in the White House, armed to the teeth and jacked up on a mixture of Jesus juice, horny goat weed and home brewed methamphetamine. The really slick and Rovian shrewdness of this dastardly black propaganda operation is the intent to fragment the growing resistance movement by attempting to peel off the anti-imperialist, anti-globalist, anti-Federal Reserve types that have most recently found a haven in the Ron Paul libertarian camp. The same sort of folks that Herr Beck had previously decried as kooks, dangerous extremists, terrorist sympathizers and anarchists back when the Bushreich was still in power.
When the shit really doe shit the fan you can count me in with the folks who are smarter than the ones who are duped by the tinpot despots, their drooling demagogues and the ‘bubba’ militias who will be out there targeting libruls as the new Juden. Hell, bring the cocksuckers on, they will get a twelve-gauge enema form me and many others who are not too stupid to be suckered by the rulers of chumpland. Count me in with the people who pumped their fists in the air over Bill Maher’s ‘joke’ about killing two bankers. But as a sworn enemy of tyranny, fascist oppression and the looting bastard parasites that Thomas Jefferson warned of:
"If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."
And I might say…why only two?
Were George Washington, Jefferson and the rest of the revolutionary patriots who founded this country in casting off the yoke of slavery of the king and his paper merchants still around there wouldn’t be enough lampposts and trees to hang these fuckers from. Hell, let’s have a full-blown, storm the Bastille French style REVOLUTION!! Eat the rich, roll out the guillotines and let the fun begin. We can even ‘invite’ Glenn Beck, Rick Santelli and the other fascist stooges to help with the testing process. I mean, don’t we want to get the guillotine settings just right in regards to calibrating the blade drop for maximum efficiency before we get to the filthy looters themselves? Shit, why not ‘invite’ ALL of the mouthpieces for the four-flushing bastards who have destroyed this country and now are trying to implement their police state to ‘blow the roof’ while they slither off to Dubai or some other refuge with no extradition treaty? They hanged Julius Steicher at Nuremberg didn’t they? Did he really ever personally kill any Jews or did his propaganda rag Der Stürmer only make him an accomplice to the mass murders? Shit, Charles Manson killed fewer people than George W. Bush and one is on spending his fourth decade on death row while the other is already racking up future appearances on the speaking circuit.
What the fuck?
I will close now with this, I am not exactly sure of where exactly where it came from but I really like it:
There are four boxes to be used in defense of liberty:
Please Use in that order
(editor's note, be sure to stockpile #4)
This is a revolution call, a call to arms and the scourging of the fascists, the conniving banksters and the oligarchy that has declared war on US, the American people. Heed this call and we can reclaim our legacy as a free people as well as our cherished birthright –