In order to avoid a terribly painful economic depression, the United States of America has shredded its constitution and changed its form of government to de facto socialism. The USA has nationalized the mortgage lending industry and a huge chunk of the Insurance industry and the end is nowhere in sight. This action was undertaken by the Chairman of the Federal Reserve Benjamin Shalom Bernanke representing the Global Money Trust of the world’s super rich and Treasury Secretary Henry Paulson for entrenched Wall Street Interests and the US Government. They nationalized our mortgages and insurance with only cursory meetings with Congress and the President, God only knows if they talked to the Courts, and without fanfare or even a whimper of dissent they turned us outright Socialist. Look for us to nationalize the Automakers, Energy Production and Airlines in the days to come. When we’ve consolidated enough industries into our new socialist government; I have the sneaking suspicion that our currency will crash and new global institutions will rise to clean up the mess. The nations of the formerly democratic West have merged, us and Europe, into the precursor of a global financial system if not a global government.
Sept. 18 (Bloomberg) — U.S. stocks rose as the world’s biggest central banks planned to pump $247 billion into the financial system and regulators cracked down on abusive speculation against bank shares.
About $3.6 trillion of market value has been erased from global stocks this week, triggered by the bankruptcy filing by Lehman, once the fourth-largest U.S. securities firm.
As Rowe V Wade was to making abortion the law of the land against the people will so the Financial Crisis of 08 will be to our form of government except none of the three branches of government had any say in the matter if in fact they were even consulted. The Market Economy is gone and we’re about to see a wave of regulation and consolidation in the Financial Markets that will make official the new Socialist nation: The Transnational States of America Inc. You and I are no longer citizens but employees of the greatest corporate takeover in history and the official death of the nation state in favor of corporatism and rule by a transnational oligarchy of the super rich. No shots were fired. No one protested. As the world’s central banks pumped in the money we were grateful and blissfully ignorant of the price we will pay for generations, perhaps forever.
Everyone will be happy if things just calm down on Wall Street and we don’t have to be afraid any more. We now work for the owners and the sham and pretence of our “government” was never more obvious in its impotence and irrelevance as when Bush simply stayed out of the crisis and congress followed suit even adjourning! They weren’t needed by the real decision makers whose public face is the placid Chairman of the Federal Reserve: Ben Bernanke.
Sept. 18 (Bloomberg) — The Democratic-controlled Congress, acknowledging that it isn’t equipped to lead the way to a solution for the financial crisis and can’t agree on a path to follow, is likely to just get out of the way.
Lawmakers say they are unlikely to take action before, or to delay, their planned adjournments — Sept. 26 for the House of Representatives, a week later for the Senate. While they haven’t ruled out returning after the Nov. 4 elections, they would rather wait until next year unless Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke, who are leading efforts to contain the crisis, call for help.
One reason, Senate Majority Leader Harry Reid said yesterday, is that “no one knows what to do” at the moment.
“When you rush to judgment, you usually make mistakes,” said Sherwood Boehlert, a former Republican congressman from New York. “This is something you can’t go on forever without addressing, but Congress in a short span of time is best served by going home.”
Not only has our President and the Congress been complicit in this corporate takeover of our county by its conspiracy of silence, it’s been an open cheerleader for it! The congress in a stunning admission of its impotence and unimportance is outright advocating the Fed (The Global Money Trust) to take charge of the “crisis” and do whatever it thinks best for America! Where is Sovereignty? Where is Democracy? Where are the courts and the Constitution? The decisions made by the global money trust on our behalf in the last week will forever change the foundations of the United States of America: How can the Congress and the President outsource this to the world’s super rich? Consider the following quotes from Bloomberg:
House Speaker Nancy Pelosi defended the decision of Congress to adjourn. Lawmakers can always be recalled to Washington “if there is a need to do so,” she told reporters yesterday. In the meantime, House and Senate committees will hold hearings and the financial crisis will be studied by Congress, she said. “Our work will continue even if we are not still on the floor,” she said.
House Financial Services Committee Chairman Barney Frank said Congress could give the Federal Reserve authority to pay interest on bank reserves sooner than originally scheduled.
“They already have the authority; it’s just a question of moving it up a couple of years,” Frank, of Massachusetts, told reporters yesterday. “We’re trying to work that out.”
Senate Banking Committee Chairman Christopher Dodd said the Fed also has the power to buy and dispose of bad debt stemming from the subprime-mortgage crisis.
“The Fed has the authority to move in this area,” Dodd told reporters in Washington.
Lots of people have been warning for years about the Federal Reserve’s “cheap money policy” and what it was doing to the mortgage lending markets whose meltdown triggered all this. The Fed set the interest rates, we all enjoyed the real estate boom, and human greed and avarice did the rest. The Global Money Trust (The Fed) will say that we didn’t force you to spend all that money and we didn’t force you to make all those crazy loans in the mortgage market and that will be true. But is the Fed who is now running the country and changing our government without complicity in this mess?
Back in the Great Depression people blamed the Fed for that crash as well. They said that it was an engineered crisis and that it was probably done by design and not by error as is the popular fiction. The Multi Millionaires of the Twenties, The Rockefellers, Warburg’s, Rothschild’s and Morgan’s emerged at depressions end; as the world’s first Billionaires. I’m sure that’s just a coincidence. At the end of this crisis they may just emerge as the world’s first trillion-airs. I’m sure that will be another coincidence.
Sept. 18 (Bloomberg) — U.S. stocks rose as the world’s biggest central banks planned to pump $247 billion into the financial system and regulators cracked down on abusive speculation against bank shares.
About $3.6 trillion of market value has been erased from global stocks this week, triggered by the bankruptcy filing by Lehman, once the fourth-largest U.S. securities firm.
Consider this fascinating passage from the German Der Spegal Online paper:
And then came the announcement that would dominate all of Thursday’s market activities: Morgan Stanley — the venerable Wall Street institution and one of the last two US investment banks left standing — had lost massive amounts and was fighting for survival. Media reports were saying that it was even in talks about a possible bail-out or merger. Rumor had it that possible suitors might include Wachovia or China’s Bank Citic.
China?
“Folks,” economist Larry Kudlow, a host on the business channel CNBC begged his viewers that evening, “let’s not let this magnificent country go down!”
End of an Era
In fact, it really does look as if the foundations of US capitalism have shattered. Since 1864, American banking has been split into commercial banks and investment banks. But now that’s changing. Bear Stearns, Lehman Brothers, Merrill Lynch — overnight, some of the biggest names on Wall Street have disappeared into thin air. Goldman Sachs and Morgan Stanley are the only giants left standing. Despite tolerable quarterly results, even they have been hurt by mysterious slumps in prices and — at least in Morgan Stanley’s case — have prepared themselves for the end.
“Nothing will ever be like it was before,” said James Allroy, a broker who was brooding over his chai latte at a Starbucks on Wall Street. “The world as we know it is going under.”
Many are drawing comparisons with the Great Depression, the national trauma that has been the benchmark for everything since. “I think it has the chance to be the worst period of time since 1929,” financing legend Donald Trump told CNN. And the Wall Street Journal seconds that opinion, giving one story the title: “Worst Crisis Since ’30s, With No End Yet in Sight.”
To recap then: here is what I see as the major fall out, so far, of the financial crisis:
· By our outright nationalization of key industries we’re now a socialist nation.
· The Financial Crisis is consolidating financial power in fewer and fewer hands.
· Our political leadership has abdicated responsibility to a Global Money Trust known as the Fed.
· The Fear of a massive economic depression keeps the people quiet and controllable while these massive changes go on.
The basic conclusion is that the USA has been taken over not by another nation but by a global financial cartel.
The New World Order is no joke it’s the reality we face today. I’ve always read, with skepticism, the claims that in the last day we would have one world government and one world economy but today I can see it. God help us if we don’t wake up and smell the socialism.
Last Days America 