What the f*^k?At
what point do the American people say enough is enough is enough?What the f*&k does it take?When will the American people stand up and
say “stop, we can’t take it anymore?”This is nuts.We’ve been put
through hell since the 2000 presidential coup and we are not going to take it
anymore.At what point do we say “we
reject this hell that has been foisted upon us?”At what point do we say enough is
enough?
I don’t know about you but I have had enough.I am sick to death of the disgusting duopoly
that has deliberately stagnated our country in order to enrich themselves.I am sick of an oligarchy that passes laws
that enriches themselves as they enslaves us.Sorry, but I just can’t take it anymore.
What does it take America?Mitch McConnell stopped any kind of real aid to the American people and
yet he does not fear the wrath of the people because he is protected by a
voting system that ensures him protection from the voters.The American electoral system is controlled
by the two parties and an oligarch controlled media who ensures that no one who
represents the interests of the people can ever be elected.It sucks.
We have been living under an unrelenting terror attacks
against the American people by the so-called “intelligence agencies” paid for
by our tax dollars.Our government
protects only the rich oligarchs they serve while we, the American people are
on our own.From Matt Taibbi:
Excerpt:
Taibbi Warns: Wall Street & Main Street 'Rescues' Look Increasingly
Disconnected From One Another
It’s early days, but the Federal
Reserve “bazooka” has mostly impacted the 1%...
Take a look at some contrasting sets of headlines.
First, from planet earth:
Weekly Jobless Claims Hit 5.425 Million, Raising Monthly Loss To 22
Million Due To Coronavirus (CNBC)
Worst Case Fears Of 20%-Plus U.S. Jobless Rate Are Now Realistic
(Bloomberg)
Then from Wall Street:
Private Equity-Owned Companies Sell New Bonds in Credit Rally
(Bloomberg Law)
As we head into the second month of
pandemic lockdown, two parallel narratives are developing about the financial
rescue. In one, ordinary people receive aid through programs that are piecemeal,
complex, and riddled with conditions.
A law freezing evictions applies to
holders of government-backed mortgages only. “Disaster grants” are coming more
slowly and in smaller amounts than expected; small businesses were disappointed to learn from the SBA early last
week that aid would be limited to $1000 per employee.
A one-time “economic impact
payment,” reportedly delayed so recipients could experience the thrilling
visual of Donald Trump’s name on the check, might
help make half a rent payment. Unemployment insurance amounts have been
raised, so tip and gig workers can now be ineligible for $600 a week more than
before! The cost of a coronavirus test
might be free, but you test positive, you could up paying $50,000 or more in
hospital costs even with insurance. And so on.
Meanwhile, “relief” programs
aimed at the top income levels were immediate, staggering in size and scope,
and often appeared as grants rather than loans.
Although the $2 trillion coronavirus rescue was approved unanimously, a set of tax breaks was stuck in by
Republicans, in the original version of the CARES Act put forward
by Mitch McConnell…
Because the CARES Act was rushed to
the floor, members didn’t have all of the information they might have wanted
before the vote. After the bill passed, Democratic staffers sent these tax
provisions in the CARES Act, sections 2303 and 2304, to the Joint Committee on
Taxation, to be scored. They were
stunned to learn they would cost $195 billion over ten years. In other words, what seemed like a
run-of-the-mill offhand legislative pork provision ended up dwarfing
the airline bailout and other main parts of the bill.
“The cost of caring for this small
slice of the wealthiest one percent is
greater than the CARES Act funded for all hospitals in America,” says Texas
Democrat Lloyd Doggett. “It’s
greater than CARES provided for all state and local governments.”
The JCT analysis found that 80% of the benefit of the bill went to just
43,000 taxpayers each earning over $1 million a year.The average tax break for
those 43,000 individuals was $1.6 million, an interesting number when one
considers the loudness of the controversy over $1,200 relief checks for
everyone else…
With the Fed’s announcement on April 9th of a $2.3 trillion program
that includes purchases of junk bonds, the toolkit for support of the financial
economy now encompasses nearly every conceivable official response apart
from subsidy of stock markets. The sheer quantity of money raining down on the
finance sector appears transformational, a “joyful noise” heard around the
world.
“POW!#* @ BAM&$# SMASH! @#$% KABOOM*#!@?% That’s
the sound of the Fed’s big bazooka,” reads Forbes in a typical financial news
report.
Had enough America?
Is there any question “for whom the bell tolls?” At what point do the American people say
enough is enough is enough? What the
f*&k does it take? If Taibbi’s
article isn’t enough for America to take up arms and clear out Washington,
maybe this Russia Insider article will.
Excerpt:
ADL and Other Jewish NGO's Loot Small Business Bailout While Americans
Get Shafted
Congress set aside $349 billion for
small businesses in the $2 trillion stimulus bill. The ADL and other Jewish
groups demanded their own $60 billion carve out. Instead, Congress added non-profits to the language of the business bailout and
delegated all the lending authority to big banks.
The rollout of the program was
plagued with issues – platforms
crashing, banks setting their own onerous guidelines, asset cap restrictions –
just about everything you can think of to prevent actual small businesses from
getting the help they need quicklywhile ensuring the ADL and 200 other
Jewish NGOs were very well taken care of.
Had enough America?
What will it take? Who can we
trust in our government? The cockroaches
are crawling out of the woodwork to capitalize on the Coronavirus. From Robert F. Kennedy Jr. at Children’sHealth Defense:
Excerpt:
U.S. Government’s $3.7 Million Grant to Wuhan Lab at Center of
Coronavirus Outbreak
The Daily Mail reported that it has uncovered documents showing that Dr.
Anthony Fauci’s National Institute of Allergy and Infectious Disease (NIAID)
gave $3.7 million to scientists at the Wuhan Lab at the center of
coronavirus leak scrutiny. According to the British paper, “the federal grant
funded experiments on bats from the caves where the virus is believed to have
originated.”
Background: Following the 2002-2003
SARS coronavirus outbreak, NIH funded a
collaboration by Chinese scientists, US military virologists from the
bioweapons lab at Fort Detrick and National Institutes of Health (NIH)
scientists from NIAID to prevent future coronavirus outbreaks by studying
the evolution of virulent strains from bats in human tissues.
Those efforts included “gain of function” research which is
“accelerated viral evolution” to create COVID Pandemic superbugs, enhanced
bat borne COVID mutants more lethal and more transmissible than wild COVID.
… these researchers risk creating a monster germ that could escape the
lab and seed a pandemic.
Fauci’s studies alarmed scientists around the globe who complained,
according to a December 2017 NY Times article, that “these researchers risk
creating a monster germ that could escape the lab and seed a pandemic.” Dr.
Marc Lipsitch of the Harvard School of Public Health’s Communicable Disease
Center told the Times that Dr. Fauci’s
NIAID experiments “have given us some modest scientific knowledge and done
almost nothing to improve our preparedness for pandemic, and yet risked
creating an accidental pandemic.”
In October 2014, following a series of federal laboratory
mishaps that narrowly missed releasing these deadly engineered viruses,
President Obama ordered the halt to all federal funding for Fauci’s dangerous
experiments. NIAID-funded gain of function research continued after the
moratorium in a Wuhan-based laboratory. Congress needs to launch an
investigation of NIAID’s mischief in China.
Had enough America?
What will it take? While
Americans have been confined to their homes since March, waiting for the measly
$1,200 checks that may never come corporations, who already received their
windfall party hardy. From Alan Macleod at
Mint Press:
Excerpt:
As One of the Largest Bailouts in History Looms, “Crisis-Ridden”
Corporations Reap Record Profits
Once again it appears that big
business will get bailed out while the American people get sold out.
Hospitals overflowing with sick and
dying patients. Overworked staff risking
their lives wearing garbage bags as makeshift protective equipment against an
invisible but deadly virus. Refrigerated containers left outside medical
facilities, filling with the dead. Mass graves being dug in the city. It is
like something out of a horror movie. But it is very real and is happening
right now in America.
“We are doing the best we can,”
Derrick Smith, a certified registered nurse anesthetist in New York City told
Mint Press last week, “but people are
dying left and right, no exaggeration.” “I’ve never imagined or seen our
healthcare system take such a beating before,” he said. “This is something that
none of us have ever really seen.”
Despite leaving nearly every other sector of the economy in ruins, the
COVID-19 pandemic has been a windfall for the for-profit healthcare industry, which is expecting to make
dazzling profits off of the crisis.
For example, United Healthcare – the country’s largest insurer, controlling over
50,000 doctors – is predicted to announce yearly profits of over $21 billion
later today. That is according to former healthcare industry director
turned industry whistleblower and reform advocate Wendell Potter, who yesterday accused the conglomerate of
some highly unethical practices in order to cut corners.
Just as the pandemic was first
hitting America, Potter says, United Healthcare
began strongarming its doctors into accepting pay cuts of up to 60 percent in
an effort to nickel and dime employees and ensure they were operating with the
minimum number of staff possible. As a result, even patients at in-network
hospitals risk receiving surprise bills after being treated by out-of-house
medical professionals, seeing as United Healthcare does not directly employ
enough staff.
“Patients are getting crushed financially because of UnitedHealth’s
actions. And, believe it or not, some doctors may as well,” Potter says,
concluding that, “As ER docs & other physicians risk their lives treating
COVID-19 patients, UnitedHealth is playing games to rake in profits.”
Other big corporations winning big
from coronavirus are Amazon and videoconferencing software Zoom. Amazon CEO Jeff Bezos has seen his fortune
swell by over $24 billion, while Zoom founder Eric Yuan’s fortune has more than
doubled of late, up to $7.4 billion.
At least the healthcare industry is
doing something productive as it rakes in huge profits. Other corporations stand to make billions even as their businesses are
completely idle.
Free rent and welfare… for
corporations
Filming has been suspended, movie
theaters closed, Disney’s stores and hotels are shuttered. Disneyland is
gathering dust, the once teeming theme parks now eerily silent. The company has furloughed 43,000 staff.
And yet Disney’s stock price is rallying; from $85.76 per share in March to
over $106 today, shareholders have
seen the value of their holdings increase by 20 percent.
The reason? Because of a quarter-trillion dollar bailout of the hotel and
entertainment industry that will see the largest corporations like Disney plied
with cash, even as ordinary Americans
will have to wait up to five months for a meager $1,200 government check.People without a bank account –
i.e. the poorest in society – will be the last to receive aid.
Along with the hotel industry, USA
Today suggests that large airlines are the “big winners” from Trump’s bailout
package. This, despite the fact that
industry is hemorrhaging money. Virtually nobody is flying, and airlines
have had to refund huge numbers of travelers. Yet stockholders in big airline corporations are smiling, thanks to
news of a similar bailout.
Since April 3, American Airlines shares have rallied from $9.39 to
$11.94 today, a 27 percent surge. The government also rushed through laws ensuring that airlines will not have
to pay rent for the next six months. Needless to say, there has not
been similar legislation for American citizens laid off or self-isolating due
to COVID-19.
While the government insists there will be some strings attached to one
of the greatest corporate bailouts in history, it is clear that, just like in
2008, they will not insist on transformative changes within the industry.
Indeed big questions are not even
being asked. How many hotels are offering their empty rooms to the homeless or
to people needing to self-isolate away from family members or housemates? How
many have offered to be turned into makeshift hospitals? In France, the nationalized high-speed rail service is ferrying the
sick around the country from coronavirus hotspots to hospitals with free beds.
Couldn’t unused planes be doing the same thing in the United States?
And if the government is essentially going to buy out every hotel or
airline in the country, why not nationalize them outright and use the future
dividends from a profitable industry to pay for better schools, roads and fund
social programs?
Why not at least stipulate that all
corporations taking money accept workers on their boards or pay all employees
at least $15 per hour? Does it not make
sense that a public health emergency requires a public healthcare system?
Unfortunately, it is abundantly clear for
whom the government works in the U.S., and this is underlined by
the lack of questioning or conditions on the bailout. Once again, it appears
that big business will get bailed out
and the people are getting sold out.
Had enough America? What
will it take? While congress bails out
Wall Street they are driving a stake through the heart of Main Street. Their big corporate wet dream of privatizing
the Post Office is now on the table.
From Sarah Anderson at Intrepid Report:
Excerpt:
Postal carriers are essential workers. They need a stimulus, too.
The president is trying to use the
coronavirus crisis to kill the public Postal Service. We can’t let him.
The U.S. Postal Service plays a
vital role in our nation’s health and stability at this time of crisis.
Unfortunately, it’s financially
strapped—and got just crumbs in the $2.2 trillion stimulus package recently
passed by Congress.
President Trump’s response? A stream of false accusations. “They lose money every time they deliver a
package for Amazon or these other internet companies,” Trump said. “If they’d
raise the prices by, actually a lot, then you’d find out that the post office
could make money or break even. But they don’t do that.”
For years now, Trump has repeated
the lie that USPS loses money on these deliveries, even though a task force
Trump himself commissioned in 2018 contradicted it. In its most recent quarterly statement, USPS reported a 2.3 percent
increase in revenue from parcel delivery and increased revenue per package.
The real cause of the Postal
Service’s immediate financial crisis is the coronavirus pandemic. Mail volumes have plummeted under the
economic shutdown, and package delivery profits cannot make up for the loss.
USPS management has warned that mail volume and revenue could drop by 50
percent or more this year.
Support for the Postal Service
crosses partisan lines. You’d think a
bit more compassion might be in order at a time when postal workers are on the
frontlines, straining to meet the skyrocketing need for home deliveries of
essential goods. But playing hardball on
crisis aid gives Trump and his administration the leverage they’ve been seeking
for years to gut the public Postal Service.
The crumbs in the stimulus law amount
to $10 billion in additional debt, subject to conditions imposed by
Treasury Secretary Steven Mnuchin. By contrast, House Democrats had
proposed a $25 billion cash infusion to prevent the Postal Service from
possible collapse.
In the final law, USPS competitors Fedex and UPS got a much
better deal than the Postal Service. Under the airline bailout, both of
these companies are eligible for a portion of the $4 billion in cash assistance
for payroll support and another $4 billion in loans and loan guarantees for air
cargo carriers.
While Mnuchin’s loan conditions
are not public, they likely echo recommendations from the 2018 task force he
chaired, which included partial privatization, draconian cuts to wages and
services, and elimination of employee collective bargaining rights.
Unlike many other industries, the
Postal Service cannot furlough workers and still achieve its essential mission.
Like health care professionals and emergency responders, postal workers are essential to our public health because their
deliveries make it possible for people to stay at home and not spread the
virus.
Millions of people are relying on them to deliver medications and other
essential goods, as well as the stimulus checks they’re waiting for to help
cover their bills. Come November, postal workers will also be needed to
protect the integrity of our election system by facilitating vote by mail.
Without the Postal Service’s
network of 157 million daily delivery points and 35,000 post offices, there
would be no way to carry out these essential activities. Jacking up package delivery rates now, as Trump is demanding, would
harm postal customers, particularly in rural areas—just when they need these
services most.
Postal workers are rising to the challenge of a crisis unlike any we’ve
ever experienced. The last thing they need is for the president to dismiss
the gravity of the Postal Service’s financial situation.
The American Postal Workers Union has organized a petition demanding
urgent financial support for USPS. Trump and Congress must heed their call
and save our public Postal Service—and the many businesses and families that
depend on it.
What the f*&k? At
what point do the American people say enough is enough is enough? What the f*&k does it take? We are living under a tyrannical government
who despises us. We must act now to
demand our government respond to the needs of Main Street over Wall
Street. Vote out all incumbents in both
parties. We are on our own during this
crisis. We must remove this disgusting form
of government that has been foisted upon us.
God help us.
The Davos crowd is beside themselves, the New World Order
that took generations to reach its peak is crumbling before their eyes.The endless wars for oil and power, the
ravaging of nations who are resource rich but cash poor, the prison planet all
are now in peril.Oh what to do.According to Mike Whitney, Henry Kissinger
penned an op-ed in the Deep State’s propaganda tool the Wall Street Journal
pleading for keeping the New World Order on a ventilator:
Excerpt:
Henry Kissinger calls for a New Post-Covid World Order
Henry Kissinger thinks the Coronavirus is a threat to his
precious New World Order, so he wants President Trump to do whatever he can to
protect the system. In an opinion piece that was published in the Wall
Street Journal on Friday, the former Secretary of State urged Trump to launch a
grand project, like the Marshall Plan, to unify the allies and convince them
that Uncle Sam can still rally the troops in a time of crisis. Here's
Kissinger:
"Drawing lessons from the
development of the Marshall Plan and the Manhattan Project, the U.S. is obliged
to undertake a major effort in three domains. First, shore up global resilience
to infectious disease. Second, strive to
heal the wounds to the world economy. Third,
safeguard the principles of the liberal world order.”
While the assault on human health
will-hopefully-be temporary, the political and economic upheaval it has
unleashed could last for generations. No country, not even the U.S., can in a
purely national effort overcome the virus. Addressing the necessities of the
moment must ultimately be coupled with a global collaborative vision and
program. If we cannot do both in tandem, we will face the worst of each." ("The Coronavirus Pandemic
Will Forever Alter the World Order", Wall Street Journal)
Kissinger thinks Trump's
"America First" rhetoric has undermined foreign relations and
weakened US hegemony. He thinks the administration's isolationist policies have
created a leadership vacuum that China has quickly filled. And he has a point,
too, after all, while China sent medical
teams and vital supplies to countries hard-hit by the virus, the United States
was busy tightening sanctions on Iran, Cuba and Venezuela, which prevented
infected civilians from getting the medications they need to survive.
Naturally, China's humanitarian
contributions have been widely applauded while Washington's conduct has been
denounced as petty, vicious and vindictive. There's no doubt that the
Trump administration has ceded the moral high-ground to its arch-enemy, China.
Here's Kissinger again:
"Now, in a divided country,
efficient and farsighted government is necessary to overcome obstacles
unprecedented in magnitude and global scope.
Sustaining the public trust is crucial to social solidarity, to the relation of
societies with each other, and to international peace and stability." WSJ
Of course, when Kissinger talks
about "public trust" and "social solidarity" what he really
means is that the government needs to settle on an effective public relations
strategy that will dupe the sheeple into falling in line. In Kissinger's lexicon, solidarity is narrowly defined as 'public
support for elitist projects' like globalization, open borders and the free
movement of capital. These are the principles that guide Kissinger's
recommendations not any affection for working people who he regards as stupid
mules. Here's more:
"Nations cohere and flourish
on the belief that their institutions can foresee calamity, arrest its impact
and restore stability. When the Covid-19 pandemic is over, many countries'
institutions will be perceived as having failed. Whether this judgment is
objectively fair is irrelevant. The reality is the world will never be the same
after the coronavirus. To argue now
about the past only makes it harder to do what has to be done." WSJ
See? What really Kissinger really
cares about is the post-coronavirus world order, which he believes will mark
the beginning of an entirely new era, an era in which governments will have to
respond to unexpected crises, bitter political polarization and the growing
prospect of social unrest. Kissinger seems to grasp all of this, but instead of offering a new vision for
the future, he clings to the battered remains of a failed system that has
exacerbated the wealth gap, triggered one economy-crushing financial meltdown
after the other, and widened the arc of instability from North Africa, through
the Middle East and into Central Asia.
This is the world order that Kissinger wants to preserve, an
America-centric imperium ruled by establishment elites, brandy-drooling
plutocrats and the Bank Mafia. Is it any wonder why the proles are
demanding change? Here's more:
"The world's democracies need
to defend and sustain their Enlightenment values. A global retreat from balancing power with legitimacy will cause the
social contract to disintegrate both domestically and internationally." WSJ
"Enlightenment values"?? Is that what we saw in the photos
from Abu Ghraib, or the footage from decimated Falluja, or the countless
reports of black-sites where kidnapped victims were taken by US Intel Agents
and beaten into submission? Do they practice enlightenment values at Gitmo,
or at Bagram Air base or in Mosul which was reduced to rubble by heavy artillery
and US bombers?
Kissinger can blabber about
enlightenment values all he wants, but
he knows from firsthand experience that those values are precariously propped
atop a mountain of bloody corpses all sacrificed in the name of the liberal
world order. Here's more:
"Enlightenment thinkers
(argued) that the purpose of the legitimate state is to provide for the
fundamental needs of the people: security, order, economic well-being, and
justice. Individuals cannot secure these things on their own. The pandemic has prompted an anachronism, a
revival of the walled city in an age when prosperity depends on global trade
and movement of people." WSJ
There it is again, Kissinger's
favorite theme, " global trade and
movement of people", the two crumbling pillars of a globalization project
that is now on life-support waiting to be euthanized by the millions of
unemployed Americans who saw their jobs, their factories and their hopes
for the future all go up in smoke due to outsourcing, off-shoring and
Kissinger's glorious "liberal world order."
Even now, while the US economy grinds to a standstill and jobless American
workers wait anxiously by their doors for their $1,200 pittance from Uncle Sam,
Kissinger continues to bray about the wonderful NWO that has greatly enhanced
"security, order, economic well-being, and justice".
Give me a break.
I agree with Kissinger that the
post-Covid world order will be significantly different from the world that
preceded it, but that's as far as I'll go.
In truth, the US-dominated system is unraveling because the people of the world
don't want to be ruled by force, because US leaders are incompetent bunglers who
cannot be trusted to do the right thing, and because Washington's arrogant
go-it-alone policy-making has turned vast areas of the Middle East and Central
Asia into uninhabitable wastelands.
Let's face it, the United States had a chance to show the world it
could be a reliable steward of global security, and they blew it. Nothing
Kissinger says is going to change that.
Wow, that was brutally honest. So what does Kissinger’s beloved New World
Order “social contract” look like in America?
From Alan Macleod Mint Press:
Excerpt:
“Who’s Going to Pay For it?” A Dying Patient’s Last Words Before Being
Placed on a Ventilator
In a country that leads in slashing
budgets and encouraging individualism,
the top-down failure to respond to the coronavirus has been uniquely American
in flavor.
Who is going to pay for it? Those were the last words a patient dying
of COVID-19 asked Derrick Smith, a certified registered nurse anesthetist
in New York City. The man appeared more concerned about the potential cost he
and his family might incur than the loss of his own life. Smith shared his
experience in a now viral Facebook post about what he described as the worst
experience of his professional career.
“[His] Last words I’ll never forget
// the response my patient gasped out (between labored breaths) to me and my
team, after we explained that he needed to be intubated and placed on a
ventilator. We then called his wife to have him speak to her for what was
likely his last opportunity, as many patients do not recover once tubed,” he
wrote, describing having to hear a dying
patient use his final words to worry about healthcare finances as “next-level
heartbreaking.”
.
Unfortunately, this uniquely
American story is all too common. In
2018, a Boston woman crushed by a subway train in a freak accident begged
onlookers trying to save her not to call an ambulance. Her fellow commuters
knew why: the cost of a single ambulance trip in the United States can exceed
$8,400. Medical bills are the leading
cause of bankruptcy in America, and drug prices are far in excess of other
countries.For example, U.S.-made HIV medication that retails for $8 in
Australia costs around $2,000 in the United States...
As COVID-19 spreads around the
world, now impacting over 700,000 people in 194 countries and territories,
there is a clear difference in how well various countries are containing the
pandemic. Those countries that have
universal, publicly financed health care systems are better able to coordinate
their responses and care for those who are ill. They have been the fastest
to slow the spread of the virus.”
“We have a tertiary system. We are
not about primary prevention. We are not even about secondary. Unfortunately, one of the bigger burdens is
patients coming into ER departments when their illnesses are [already] at their
most acute stage…it is far from ideal,” he told MintPress.
The U.S. is an outlier in the
developed world in not providing universal healthcare. In the last week, millions of Americans have lost their jobs, and
therefore, their employer-based health insurance. Around 160 million rely
on this system and are potentially in danger of losing their health plan at any
moment.
Moving towards a system like those of every other rich country is very
popular with the American public; some polls show nearly three-quarters of
Americans, including a majority of Republicans, favoring Medicare for All.
A majority of physicians in the private healthcare industry agree with Smith
about the necessity for immediate change.
It would be overly costly to
implement. In fact, a recent
meta-analysis showed that 91 percent of all peer-reviewed scientific studies
found that a single payer healthcare system like Medicare for All would save
the country money, 86 percent finding that savings would already be made in
year one of any transition.
The problem, however, is political.
Republicans remain steadfastly against any expansion of public healthcare,
continuing to try to destroy the Affordable Care Act. But presumptive Democratic nominee Joe Biden has also doubled and tripled
down on his opposition to Medicare for All, repeating THAT HE WOULD EVEN VETO ANY BILL PASSED BY THE HOUSE and Senate
that tried to move towards it, thus dooming Americans to continue rationing
expensive medication, use fish antibiotics and dog insulin as dangerous
substitutes for human medicine, and sell blood to buy pills.
Despite being constantly praised
for their heroism, doctors across the
United States are facing pay cuts in response to the COVID-19 pandemic, as
other FOR-PROFIT HOSPITAL DEPARTMENTS HAVE LOST OUT ON BUSINESS.
Smith is adamant that the problem
is a systemic one, revealing that
another outlet contacted him who wanted to frame his viral post merely as a
partisan issue highlighting Trump’s failures. “Frankly I think it is a
bipartisan effort that produced affairs that are causing the issues that we as
front line healthcare providers are picking up the pieces from at this point.
It is not just one administration, it is the entirety of our government,” he
told us, criticizing the corporate press’ presentation of the crisis.
I don’t think the mainstream media does a good job of showing what’s
really happening. I feel like they are more focused on showing an empty
supermarket and stuff that just sells consumerism as opposed to the frank
reality…”
That is the New World Order that Kissinger laments about
losing. In America Obamacare codified
into law a New World Order, for-profit health insurance system that ensures the
people are kept in servitude to their elite masters. And it’s not just in America that the New
World Order is threatened, the EU countries are experiencing a massive failure
in providing for their people’s needs.
From News Punch:
Excerpt:
Italians Rise Up Against Globalism and European Union Over Coronavirus
Response
Italians are rising up against globalism and demanding the country
leave the European Union and become a sovereign nation again due to the
EU's disastrous response to the coronavirus pandemic.
Patriots all over Italy are burning European Union flags while playing
the Italian national anthem and posting videos of it with the hashtag
#cisalviamodasoli which translates to “We will save ourselves.” Italy has been hit hard by the coronavirus
outbreak, with more Covid-19 deaths than any other country, and the European Union is
still demanding payments.
Despite the United States recording
more cases of coronavirus, Italy has roughly four times as many deaths from the
disease than America. The devastation has now led Italians to
question the value of globalism and, more specifically, ask why they should
remain a member of the European Union after the bloc has failed them during
their time of need.
Anti-EU sentiment is now endemic in
Italy, following the UK’s Brexit, and Italian
politicians are ramping up discussions about quitting the European Union as
Italian citizens across the country begin burning EU flags. There is also growing frustration and anger
from other EU nations over the superstate’s coronavirus response.
After Italy threatened to quit the
European Union, Portugal also lashed out
at “repugnant” EU member-states. The
coronavirus pandemic has sparked an unprecedented crisis throughout the EU,
with a huge rift erupting between the 27 member-states. Last week’s failure to agree on a joint EU
economic response to the crisis set off a wave of furious criticism from
leaders in Italy, Portugal, and Spain.
Last Thursday, Germany, the Netherlands, and other northern European
countries rejected the plea of nine EU countries for so-called “corona-bonds.” Similar to the stimulus package signed by
President Donald Trump last week to help Americans, EU nations hoped the
proposed “corona-bonds” would help soften the economic impact of the
pandemic...
The summit ended with a declaration giving eurozone finance ministers
two weeks to come up with a solution. Countries
such as Italy and Spain, who are the hardest hit from coronavirus, see the
“corona-bonds” debate as a “test of the EU’s commitment to them.”
Yes, Kissinger’s glorious New World Order cannot survive the
coronavirus and is on life support with Putin and Trump ready to pull the
plug. From Sylvain LaForest at OrientalReview:
Excerpt:
Putin And Trump vs The New World Order: The Final Battle
We live in exciting times.
The unknown that lays ahead for all
of us is both exhilarating and scary. Exhilarating in the long term, but rather
scary in the short term. All empires
eventually die and we’re in the terminal phase of the New World Order that will
not recover from the Russian roulette game it has been playing, for
Vladimir Putin handed it a loaded gun and it pulled the trigger.
The last few weeks put everything in place for the last battle.
There are so many different facts and events, left and right, and I will try to
do my best to remain methodical in this complicated expose. Bear with me, I’ve
been struggling for three weeks with this article because of the insane amount
of additional details that each day provides. It might have been a wrong time
to quit smoking, but I enjoy a good challenge.
Dropping dollars
A little context is required. The New World Order concept is simply the
wish of a handful of international bankers that want to economically and
politically rule the whole planet as one happy family. It started in 1773
and if it went through important changes over the years, but the concept and
objective haven’t changed an iota.
Unfortunately for them,
international banks that have been looting the planet through the US dollar
since 1944 are now threatened by hyperinflation, as their printing machine has been rotating for years to cover their
absurd spendings to sustain oil and resource wars that they’ve all
ultimately lost. In order to prevent this upcoming hyperinflation, they
generated a virus attack on four countries (China, Iran, Italy and now the
United States) to spread panic in the population, with the precious help of
their ignominious medias.
Even though this corona virus isn’t
different from any new viruses that attack humans every year, the media scare
pushed people to voluntarily isolate themselves through fear and terror. Some lost their jobs, companies are going
bankrupt, the panic created a stock exchange crash that emptied wallets and
dried assets, resulting in a few trillion virtual dollars off the market to
release pressure off the currency.
Stock Exchange
So far, so good, but everything
else went wrong in this desperate and ultimate banzai. The top virologist on the planet confirmed that chloroquine was being
used by the Chinese with spectacular results to cure patients, then he
improved his magic potion by adding a pneumonic antibacterial called
azythromicin, and saved every one of his first 1000 cases, but one.
Donald Trump immediately imposed the same treatment through a fight
against his own Federal Drug Administration, bought and owned by the deep
state. This forced all medias to talk about Dr Didier Raoult’s Miracle
Elixir, signing the death warrant on our confidence in all Western governments,
their medical agencies, the World Health Organization, and medias that were trying to destroy the impeccable doctor’s
reputation, while inventing sudden «dangerous side effects» of a nearly
inoffensive drug that has been used for 60 years to treat malaria.
Not so far away in Germany,
internationally praised Dr Wolfgand Wodarg noted that the engineered panic was
totally useless, since this virus isn’t any different than the others that
affect us every years. This has been an
amazing victory for Trump and the general population on social medias, whom
exposed together the pathological lies of the official communication channels
of every New World Order country.
De facto, the credibility’s of these puppet governments have vanished
in the air, and from the eye of the storm, Italy will surely exit the EU
right after the crisis, which will trigger a domino effect running
through every EU countries and NATO members.
MY FRIENDS, GLOBALISM IS DEAD AND READY FOR CREMATION.
Digging the abyss
International bankers couldn’t see
it coming in 1991, when they dominated 95% of the planet after the fall of the
Soviet Union. It seemed that nothing
could halt their ultimate mission to complete their Orwellian dream: destroy a few
countries in the Middle East, enlarge Israel, and get the total control
over the world oil market, the last piece of their Xanadu puzzle that they’ve
been working on for a whole century, starting with the Balfour declaration in
1917.
When Vladimir Putin got charge of
Russia, there was no sign that he would do better than the drunk he had
replaced. An ex KGB officer seemed like a choice more driven by nostalgia
rather than ideology, but Putin had many
more assets going for him than first met the eyes: patriotism, humanism, a
sense of justice, cunning ruse, a genius economist friend named Sergey Glazyev
whom openly despised the New World Order, but above all, he embodied the
reincarnation of the long lost Russian ideology of total political and
economical independence. After a few
years spent at draining the Russian swamp from the oligarchs and mafiosis that
his stumbling predecessor had left in his trail of empty bottles, Vlad rolled
his sleeves and got to work.
Because his opponents had been
looting the planet for 250 years through colonization insured by a military
dominance, Vlad knew that he had to
start by building an invincible military machine. And he did. He came up
with different types of hypersonic missiles that can’t be stopped, the best
defensive systems on the planet, the best electronic jamming systems, and the
best planes. Then to make sure that a nuclear war wouldn’t be an option, he came
up with stuff which nightmares are made of, such as the Sarmat, the Poseidon
and the Avangard, all unstoppable and able to destroy any country in a matter
of a few hours.
Putin and the military
With a new and unmatched arsenal,
he could proceed to defeat any NATO force or any of its proxies, as he did
starting in September 2015 in Syria. He
proved to every country that independence from the NWO banking system was now a
matter of choice. Putin not only won the Syrian war, but he won the support
of many New World Order countries that suddenly switched sides upon realizing
how invincible Russia had become.
On a diplomatic level, it also got
mighty China by its side, and then
managed to protect independent oil producers such as Venezuela and Iran, while
leaders like Erdogan of Turkey and Muhammad Ben Salman of Saudi Arabia decided
to side with Russia, who isn’t holding the best poker hand, but the whole
deck of cards.
Ending in the conclusion that Putin now controls the all-mighty oil
market, the unavoidable energy resource that lubricates economies and armies,
while the banksters’ NATO can only watch, without any means to get it back.
With the unbelievable results that Putin has been getting in the last five
years, the New World Order suddenly looks like a house of cards about to
crumble. The Empire of Banks has been terminally ill for five
years, but it’s now on morphine, barely realizing what’s going on.
Tragedy and hope
Since there is no hope in starting
WW3 which is lost in advance, the last banzai came out of the bushes in the
shape of a virus and the ensuing media creation of a fake pandemic. The main focus
was to avoid a catastrophic hyperinflation of the humongous mass of US dollar
that no one wants anymore, to have time
to implement their virtual world crypto-currency, as if the chronically failing
bankers still have any legitimacy to keep controlling our money supplies.
It seemed at first that the plan could work. That’s when Vlad took out his revolver
to start the Russian roulette game and bankers blew their brains out upon the
pressure on the trigger.
He called a meeting with OPEP and killed the price of oil by refusing
to lower Russia’s production, taking the barrel to under 30 dollars.
Without any afterthought and certainly even less remorse, Vlad killed the
costly Western oil production. All the dollars that had been taken out of the
market had to be re-injected by the Fed and other central banks to avoid a
downslide and the final disaster. By now, our dear bankers are out of
solutions.
In the meantime, Trump also poked
at the tie-wearing gangsters. While
medias avoided the corona-killing chloroquine subject, an old pill designed to
cure malaria, Trump imposed to the FDA the use of this life-saving drug on US
infected patients. Medias didn’t have any choice but to start talking about
it, which ignited a chain reaction:
big pharmas CEO’s were fired because they had just lost the vaccine contract,
countries like Canada looked like genocidal fools for not using the cheap and
inoffensive medication, while a most outrageous criminal act by a government
was exposed in full light: the Macron
government had proclaimed in January 2020 that chloroquine was harmful and had
restrained its use, just a couple of weeks before the burst of the fake
pandemic! Russian roulette is a popular game in Western governments these days
around.
Russia announced its own corona-killing
brew
On Saturday March 28th, Russia
announced its own corona-killing brew, based on Dr Raoult’s magic potion. Yet another Cossack blow, this time to the
big pharmas jugular vein, while most Western countries now have to implement
the good doctor’s treatment, or face the slap of a Russian pill coming to save
its citizen.
Putin is in the lifesaving business
these days: in the last week of March, he
sent 15 military planes filled with doctors and supplies directly to North
Italy, after an aid plane from China was blocked by the Czech Republic. We’re
about to learn that European countries fear that China or Russia finds the
truth in the Lombardy region, where people are not dying from some corona bug, but
probably from a deadly cocktail hybrid from two earlier vaccines for meningitis
and influenza, that they were injected in separate vaccination campaigns.
The punchline
I said earlier that every day
brings amazing news. Well on Sunday March 29th, the most stunning of them all
fell like a ton of bricks on social medias: confined onlookers learned that Trump had taken control over the Federal
Reserve, that is now handled by two representatives of the Treasury of State.
Of all the crazy news within the last month, this is by far the best and most
shocking.
After three years in power, Trump has finally fulfilled his electoral
promise of taking private banks out of the US public affairs, ending a century
of exploitation of the American citizens. He has put the infamous Blackrock
investment group to start buying important corporations for the Fed, meaning
that he’s nationalizing chunks of the economy, while avoiding the crash of the
market by implicating important private investors in the deal.
Trump and Powell
This outmost daring move comes at a
crucial point in time, and faces us with the realization that Vladimir Putin and Donald Trump are united
and have taken humanity to the crossroads of the New World Order and freedom.
As I have stated often before, I thought that the world would deeply change
between 2020 and 2024, because these would be the last 4 years of these two
heroes in political power of their nations.
The New World Order is facing the
two most powerful countries on the planet, and this fake pandemic changed
everything. It showed how desperate the
banksters are, and if we don’t want to end up with nuclear warheads flying in
both directions, Putin and Trump have to stop them now.
Terminate the BIS, the World Bank, the IMF, the European Central bank,
the EU, NATO, now. Our world won’t be perfect, but it might get much better
soon.
Easter resurrection is coming. This
might get biblical.
Oh Lordy, Lordy. The
Davos crowd are going nuts, their century old New World Order is on life support
and our hero leaders, Trump and Putin are pulling the plug. In July, 2018 when Trump met privately with
Putin in Helsinki the Deep State was outraged.
At that time I believed they discussed demolishing the Central Banks,
guess I was right. It is the end of the
world as we know it. The New World Order
is dead.
I believe that banking institutions are more dangerous to our liberties
than standing armies. If the American people ever allow private banks to
control the issue of their currency, first by inflation, then by deflation, the
banks and corporations that will grow up around [the banks] will deprive the
people of all property until their children wake-up homeless on the continent
their fathers conquered. The issuing power should be taken from the banks and
restored to the people, to whom it properly belongs. ~ Thomas Jefferson
Vlad the Impaler has lanced the festering boil on America’s
derriere, the Federal Reserve Bank. Putin, in one fell swoop has blown the Central
Banks into oblivion along with NATO, OPEC, and the EU.Oh Glory be.President Trump and President Putin, assisted by Coronavirus have ended
the world as we know it.From Gold Goatsand Guns:
Excerpt:
The world as we knew it is
gone. Someone pressed the big red
History Eraser Button. Russian President Vladimir Putin destroyed
the myth of central banking, the U.S. Empire and self-sufficiency in oil
production with one simple word...
Nyet.
And because of this OPEC is no more. The central banks are revealed as
powerless. Deflation finally reigns
supreme and governments around the world are exposed as the frauds they are.
The timing Putin showed was
impressive. As COVID-19 rages across the West deflating the oil markets and all the
financialization that is a derivative of oil prices, Putin launched the
next salvo in what has been a World War fought on the ground by proxies and in
the financial markets.
Nigel Farage obtained Brexit without firing a bullet. Putin just fought the Battle of Midway the
same way, with a word.
The Federal Reserve Bank is an evil entity that has enslaved
the American people. Congress serves the
Central Bank not the American people. Presidents
who defied the Federal Reserve Bank’s policies didn’t fare well. From Amo Paul Bishop Roden:
Excerpt:
THE FEDERAL RESERVE: THE TITHE TO SATAN
Satan, being Satan, has scarcely
been content with a 10% tithe. As the Beatle's song says, "Be thankful I
don't take it all." The economic
crisis that besets the world is the brainchild of Satan and he has used
deceit, intimidation and murder to bring the poor of the world to their knees…
The existence of a national bank in
America has always been a source of controversy. Today many of the dire predictions about a national banking system have
been realized. Here is part of what our forefathers said.
"If
the American people ever allow private banks to control the issue of their
money, first by inflation and then by
deflation, the banks and corporations that will grow up around them, will deprive the people of their property
until their children will wake up homeless on the continent their fathers
conquered." ~Thomas Jefferson.
The banks have deprived thousands of their homes in the past few years.
The charter of the First Bank of
the US was not renewed in 1811. Another national bank was chartered for 20
years in 1816. Andrew Jackson was president from 1929 to 1937. After a struggle, Jackson destroyed the
national bank by vetoing its 1832 re-charter by Congress and by withdrawing
US funds in 1833. In 1836, Jackson forced the closing of the Second Bank of the
US.
Jackson said, "Gentlemen, I have had men watching you for a long time and I am
convinced that you have used the funds of the bank to speculate in the
breadstuffs of the country. When you
won, you divided the profits amongst you, and when you lost, you charged it to
the bank. You tell me that if I take the deposits from the bank and annul
its charter, I shall ruin ten thousand families. That may be true, gentlemen,
but that is your sin! Should I let you go on, you will ruin fifty thousand
families, and that would be my sin! You are a den of vipers and thieves…"
Andrew Jackson was the only president to pay off the national debt. He
took control of the money supply from the banks. Here is another quote. "If Congress has the right under the Constitution to issue paper money, it
was given to be used by themselves, not to be delegated to individuals or
corporations…"
Jackson's attack on the national bank was followed by an 1835
attempt to assassinate him.As you will see, this was only
the beginning of violent attacks against presidents who opposed the control of
our money supply by national and international bankers. After Jackson, a free banking policy
allowed a multitude of banks to handle the capital requirements of business.
Abraham Lincoln went to these
bankers to finance the Civil War. They offered him interest rates of 24% to
36%. A friend, Colonel Dick Taylor of Chicago advised him to print his own
money, and at Lincoln's request, the
government printed $450 million in "greenbacks," notes printed with
green ink on one side.
Lincoln was an opponent of the banking interests. "The
government should create, issue and circulate all the currency and credit
needed to satisfy the spending power of the government and the buying power of
consumers..... The privilege of creating
and issuing money is not only the supreme prerogative of Government, but it is
the Government's greatest creative opportunity...
The taxpayers will be saved immense
sums of interest, discounts and exchanges. The financing of all public
enterprises, the maintenance of stable government and ordered progress, and the
conduct of the Treasury will become matters of practical administration...
Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money
power…"
Abraham Lincoln survived the first two assassination attempts, but
was assassinated shortly after his reelection. The Civil War was
over and he was in a position to continue controlling the government's money
supply.
President Garfield became
president in 1881. He was an opponent of the bankers as well, advocating a currency
based on gold and silver. “Whoever controls the volume of money in our
country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled,
one way or another, by a few powerful men at the top, you will not have to be
told how periods of inflation and depression originate...” Garfield was the second American
President to be assassinated. He was shot in July, 1881, and died in September,
1881.
William McKinley became president in 1897, in his inaugural address he
advocated government control of money. "Our financial system needs
some revision; our money is all good now, but its value must not further be
threatened. It should all be put upon an enduring basis, not subject to easy
attack, nor its stability to doubt or dispute. Our currency should continue
under the supervision of the Government..."
Late in his first term, McKinley put the currency of the United States
on the Gold Standard. His administration was very successful. McKinley was the third president
assassinated, he died in the first year of his second term. In
June of 1963,
President John F. Kennedy signed Executive Order No. 11110 giving the
US government the power to issue currency, without going through the Federal
Reserve. Kennedy's order gave the Treasury the power "to issue silver
certificates against any silver bullion, silver, or standard silver dollars in
the Treasury." This meant that for
every ounce of silver in the US Treasury's vault, the government could
introduce new money into circulation. In all, Kennedy brought nearly $4.3
billion in US notes into circulation.
Kennedy's policy of printing silver
backed government notes was a challenge to the Federal Reserve, who had control
of the money supply from its inception in 1913. John F. Kennedy was the fourth president assassinated, he died in
November of 1963. Video tapes of his murder show the lead
agents who surrounded his car were pulled back from standard position just
before he was shot.
Since Kennedy, no president has taken on the Federal Reserve, even
though the national debt has become a heavy weight on the economy.In
the 2009 fiscal year, the Treasury Department spent $383 billion on interest
payments to the holders of the National Debt…
Yes indeed, not tithing to Satan is bad for a president’s
health. President Clinton defied
congress early in his administration.
The Republican-led congress passed a huge tax cut for the rich that
would have added to the massive deficits and debt built up under Reagan and
Bush I. When Clinton vetoed the bill
they couldn’t muster enough votes to override the veto so the Republicans shut
down the government. Clinton subsequently
was impeached which is a political assassination.
In eight years Clinton balanced the budget and America
became a lender nation instead of a debtor nation. When Clinton left office there was a surplus
and we were on track to pay off the nation’s debt to the Federal Reserve Bank.
The Federal Reserve
Bank’s 100 year charter was set to expire in 2013 so the Fed was desperate to
plunge America deep into debt before then.
When Vice President Al Gore defeated George W. Bush in the 2000
presidential election, the Fed called in their chits and their handmaidens in
congress and the Supreme Court shut down the recount in Florida and declared
George W. Bush President.
George W. Bush passed a huge tax cut for the rich that
immediately tanked the economy. Within 9
months the 911 attacks took place in America providing the excuse to launch the
War on Terrorism and plunge America and the world into an abyss of debt to the
central banks. From Wall Street on Parade:
Excerpt:
The Untold Story of 9/11: Bailing Out Alan Greenspan’s Legacy
Today marks the 15th Anniversary of
the tragic events of September 11, 2001 and yet the American public remains in the dark about critical details of
hundreds of billions of dollars of financial dealings by the Federal Reserve in
the days, weeks and months that followed 9/11.
What has also been lost in the
official 9/11 Commission Report, Congressional hearings and academic studies,
is how Wall Street, on the day the
planes slammed into the World Trade Towers, was on the cusp of being exposed by
the New York State Attorney General, Eliot Spitzer, as the orchestrator of a
fraud of unprecedented proportion against the investing public.
That investigation was stalled for
more than six months. It would have been
politically incorrect to do perp walks outside Wall Street’s biggest investment
banks as families mourned the loss of their loved ones; as U.S. savings bonds
were renamed Patriot Bonds to rally patriotism around the country; and
Congress paid homage to the heroes at the big banks, the stock exchanges and
the Federal Reserve for getting the system back up and running in less than a
week.
The loony policies of laissez-faire capitalism of Fed Chair Alan
Greenspan, who worshiped at the feet of Ayn Rand, were also bailed out by the
events of 9/11. Members of the Senate Banking Committee praised him on
September 20, 2001 for his performance. Amazingly, at this hearing, just nine
days after the attack, not one Senator
asked Greenspan how much money the Fed had spent or to whom it went.
The percolating collapse of Wall
Street was held off for seven more years until 2008 when it finally became
impossible to deny that Greenspan’s
brand of financial deregulation and the repeal of the Glass-Steagall Act he had
pushed for, had left Wall Street in ruins – without any assault from the
skies.
Here’s where Wall Street and the
U.S. economy stood on September 10, 2001, the day before an attack in lower
Manhattan provided the excuse for the Federal Reserve to flood Wall Street with
unquestioned amounts of cash: The Nasdaq
stock market, filled with the stocks of rigged analyst research from the iconic
firms on Wall Street (the target of Spitzer’s investigation), had imploded,
losing 66 percent of its pumped up value and wiping out $4 trillion in wealth.
While it wasn’t yet known at the
time, being only officially acknowledged
long after 9/11, the U.S. economy had contracted for two consecutive quarters
and was looking at another negative quarter of growth.
Thus, it was quite advantageous for
Alan Greenspan’s legacy as Chair of the Federal Reserve and what might have
been an even worse economic slump that the
Fed was given carte blanche to funnel hundreds of billions of dollars to Wall
Street after 9/11 with the Federal government pumping billions more in fiscal
stimulus.
According to a report from the New
York Fed, an “unprecedented” amount of liquidity was pumped into the system. The Congressional Research Service
quantifies the “unprecedented” amount as “$100 billion per day” over a
three-day period beginning on 9/11.But
the idea that the bailout lasted only a few days or weeks is misguided. The
consolidated annual reports of the Federal Reserve Banks show that the Fed’s
balance sheet grew from $609.9 billion at the end of 2000 to $654.9 billion at
the end of 2001 to $730.9 billion at the end of 2002 and $771.5 billion as of
December 31, 2003...
The Fed’s rapid cuts in the Federal Funds Rate and Discount Rate after
9/11 was worth hundreds of billions of dollars more to the big Wall Street
banks by lowering their borrowing costs. On September 17, before the stock
market opened for the first time since the 9/11 attack, the Fed announced it
was cutting both the Fed Funds Rate and the Discount Rate by 50 basis points
(half of one percent).
Two weeks later, on October 2, the
Fed slashed both the Fed Funds and Discount Rates by another 50 basis points. Stunningly, on November 6, one month
later, it again cut both rates by 50 basis points, bringing the Fed Funds Rate
to 2 percent and the Discount Rate to 1-1/2 percent. On December 11, both
rates were cut again but this time by just 25 basis points. The Fed Funds Rate was now trading at
the lowest level in 40 years.
The Fed then went on pause until
November of the following year, when it
again slashed 50 basis points from both the Fed Funds Rate and the Discount
Rate. At this point, the Fed Funds were at 1-1/4 percent while the Discount
Rate was a miniscule ¾ percent.
When President George W. Bush
submitted his budget in January 2002, it carried this often repeated
misstatement of fact: “The terrorist attacks pushed a weak economy over the
edge into an outright contraction.” That
was the official narrative – which served to soften Greenspan’s gross bungling
of his job as Fed Chair.
Using 9/11 as a handy source of
blame would go up in smoke on March 26, 2002 when the National Bureau of Economic Research announced that the U.S.
economy had entered a recession in March 2001, six months before the attacks…
The Fed was not the only Wall Street regulator to be given a free pass
during and after 9/11. The Chair
of the SEC at the time, Harvey Pitt, a long time lawyer to Wall Street banks,
testified before the Senate Banking Committee on September 20, 2001 that the
SEC had, for the first time, “invoked the emergency powers that you bestowed
upon us.”
According to testimony from U.S.
Treasury Secretary Paul O’Neill at the same hearing, the emergency relief the
SEC invoked
“included providing relief under Rule 10b–18 which provides a safe harbor from
liability for manipulation in connection with purchases by an issuer of its own
stock. The relief gives issuers greater latitude to provide buy
side liquidity this week.”
Typically, corporations are not allowed to buy back their own stock
during the opening minutes of trading on the stock exchanges. It is likely that
requirement was waived when the market reopened on September 17, 2001 according
to O’Neill’s statement at the Senate Banking hearing.
On April 14, 2002 – seven long months after 9/11 – the public
finally found out what Eliot Spitzer knew about how the public had been hosed
by the iconic investment banks on Wall Street. Spitzer released an
affidavit he had filed with the New York State Supreme Court which indicated
that his investigation had commenced in June of 2001…
Spitzer’s office would later
uncover thousands of emails at Salomon Smith Barney, the investment bank and
retail brokerage arm of Wall Street banking behemoth, Citigroup, showing that in 2000 and 2001, prior to 9/11, retail
brokers at Salomon Smith Barney were livid at Jack Grubman, the telecommunications
analyst that had issued buy ratings on startups that repeatedly crashed and
burned.
One broker wrote in an email that
Grubman was “an investment bank whore.” One email from Grubman explained the
corrupt scheme in simple terms: “Most of
our banking clients are going to zero and you know I wanted to downgrade them
months ago but got huge pushback from banking.”
At some of the biggest banks on Wall Street, research analysts were
telling the public to buy, buy, buy while secretly emailing their colleagues
that the companies were “crap,” “junk” or a “piece of sh*t,” as illustrated by
the emails released by Spitzer.
In April 2003, 10 of the banks investigated settled charges for $1.4 billion – marking
the beginning of an era of massive fines and little meaningful change on Wall
Street. The heads of the divisions that oversaw this massive fraud were
never prosecuted. PBS reported the slaps on the wrist as follows:
“Two of the most well-known analysts, who came to symbolize the
conflicts of interest of the 1990s bull market, were fined and banned for
life from the securities industry. Henry Blodget of Merrill Lynch was ordered
to pay $4 million in fines and Jack Grubman of Salomon Smith Barney was ordered
to pay $15 million as part of the terms of the settlement. In addition, Sanford
I. Weill, CEO of Citigroup, was banned from talking to his firm’s analysts
about their research outside of the presence of company lawyers.”
Weill walked away from Citigroup with compensation that had made him a
billionaire. Grubman paid $15 million in fines but his compensation at
Citigroup’s Salomon Smith Barney had “exceeded $67.5 million, including his
multi-million dollar severance package” according to the SEC. (NOTE THAT ON WALL STREET ONE GETS A
SEVERANCE PACKAGE FOR FRAUD.) Blodget went on to found the financial news
web site, “Business Insider,” which was sold last year for $343 million, a nice share of which Blodget will keep…
Where did Wall Street learn
about how to funnel billions without going to jail? At the knee of the Federal
Reserve, of course.
That was back then, since then all the fraud continued until
2008 when the entire craps game collapsed and Obama was installed by the
corrupt bankers and a bunch of Bush holdovers who bailed out the banks and paid
them bonus. Why? Because as the article said “on Wall Street
one gets a severance package for fraud.”
Indeed, the fraud was on steroids under the Obama
Administration. The banks got even with
Eliot Spitzer, claimed they filed a “suspicious activity report” with FinCEN
the bank regulator claiming he sent money transfers to his high priced
hooker. Spitzer was driven out in
disgrace.
Now we have the coronavirus that had the world in a complete
lockdown. But just like in 2001 the
banks were ready to fail again. The
economy is a fraud the Fed is on the verge of collapse and the coronavirus is
being blamed just like 911 was blamed in 2001. Coronavirus may turn out to be a
blessing. From RT:
Excerpt:
The global economy was deathly sick long before now, but Covid-19 will
take the blame if it crashes
As economists begin to predict what
the global economic effects of Covid-19 will be, the danger is we play up the
economic damage of the virus while hiding
the deep-rooted sources of our contemporary financial doldrums.
It is inevitable that economic
forecasts of the impact of Covid-19 on the global economy are being revised
daily, if not hourly. It is right that economic forecasters should be updating
their predictions. But we all need to
keep in mind that these revised forecasts are little more than guesswork –
however sophisticated their computer modelling might be.
Wall Street’s big coronavirus mistake
This is not prejudice against
economists, the experts Michael Gove in particular referred to when he said
during the Brexit referendum that the British people had had enough of them
–referring specifically to their shaky prediction track record. Economic
predictions and forecasting are notoriously difficult. It is the reason why
leading economist JK Galbraith once quipped that the only function of economists was “to make astrology look
respectable.”
We are going to see a proliferation
of astrology in the days ahead. The
biggest danger is going to be the battle to avoid economic alarmism.
The division of labour between
health officials and economic experts is increasingly being blurred. Health
officials are being asked about economic impacts, while economists are being
called to make predictions about the impact of the disease. Health and economics are being conflated,
which is confusing for all; what
should be treated as a medical emergency is increasingly becoming a sphere for
urgent government economic bailouts and politics aimed at alleviating the
fall-out of lockdowns.
These confusions aside, predicting
the economic costs of ill-health is very difficult. The Co-Operative Pharmacy
reported in 2010, for example, that flu cost UK employers 7.6 million working
days this year. It estimated that the cost to the economy was around £1.35 billion.
But no-one even really knows the
economic costs of these ‘normal’ diseases. Annual deaths precipitated by
influenza are much higher than the deaths from coronavirus so far…
But there are things we know which
should be at the forefront of our considerations. The world economy was already in deep ill-health before anyone had even
heard of Covid-19. Losing sight of this means the remedies on offer might
be good at stemming the symptoms of a problem, but they ignore the underlying
cause, the real source of the malaise, which will remain untreated. This
will be worse in the long run than any short-term dislocations we are forced to
endure.
The world economy has been, if not on life-support, terminally ill for
years. Global growth – and especially advanced-economy growth – this year was
already dismal, and has been for many years. Forecasts for this year were
already pretty downbeat before most people were aware of the word
‘coronavirus’.
The illness is the result of
years of diminishing business investment in new technologies and ways of
operating, and the propping up by governments of companies that should have
gone out of business. The end result? Almost stagnant productivity.
People at work are no longer
producing more in the same time. This is a significant break from the dominant
pattern during the past two centuries of economic expansion. This waning in productivity growth –
sinking to little more than flatlining in Britain – is what accounts for
most people no longer benefiting from regular increases in living standards.
It is also what has led to the
increased dependence on debt and financialisaton. The 2008 crash confirmed the fragility of economic systems that rely
too much on borrowing and too little on creating new wealth. We are not in
permanent recession, but we are stuck in a cycle of financial crises. Between
the crashes, debt keeps things ticking along. The unstable dissonance between
the financial and productive economies – reflected in the inflated stock
markers – reveal that an adjustment was inevitable. The dramatic falls in global stock markets over the past two weeks
were on the cards before the impact of Covid-19 panic set in.
The biggest unknown, and perhaps
where all the economists’ astrology-powers will be focused, is whether the current market ‘adjustment’
will develop into a bigger financial implosion which will lead to a global
recession.
One prediction you can be sure of,
whatever happens: everyone will be quick to blame this on Covid-19, not the
underlying structural weakness of the global system. The real patient will be ignored by immediate palliatives. But unless –
and until – the terminally ill global economy is given a real reboot, rather
than left to stagnate in a corridor out of sight, the world will be less able
to deal with what is, after all, a severe health crisis – today and especially
in the future.
The covid-19 virus is not the sole cause of the current
market crash any more than 911 was the sole cause of the market crash in
2001. The complete global banking collapse
of 2008 was due to propping up corrupt central banks at the expense of
humanity. Now the central banks are
trying to profit off the covid-19 crisis.
From Zero Hedge:
Excerpt:
BANKS PRESSURE HEALTH CARE FIRMS TO RAISE PRICES ON CRITICAL DRUGS,
MEDICAL SUPPLIES FOR CORONAVIRUS
IN RECENT WEEKS, investment bankers have pressed health care
companies on the front lines of fighting the novel coronavirus, including drug
firms developing experimental treatments and medical supply firms, to consider
ways that they can profit from the crisis.
The media has mostly focused on
individuals who have taken advantage of the market for now-scarce medical and
hygiene supplies to hoard masks and hand sanitizer and resell them at higher
prices. But the largest voices in the
health care industry stand to gain from billions of dollars in emergency
spending on the pandemic, as do the bankers and investors who invest in health
care companies.
Over the past few weeks, investment
bankers
have been candid on investor calls and during health care conferences about the
opportunity to raise drug prices. In some cases, bankers received
sharp rebukes from health care executives; in others, executives joked about
using the attention on Covid-19 to dodge public pressure on the opioid crisis.
Gilead Sciences, the company producing remdesivir, the most promising
drug to treat Covid-19 symptoms, is one such firm facing investor pressure.
Remdesivir is an antiviral that
began development as a treatment for dengue, West Nile virus, and Zika, as well
as MERS and SARS. The World Health
Organization has said there is “only one drug right now that we think may have
real efficacy in treating coronavirus symptoms” — namely, remdesivir.
The drug, though developed in partnership with the University of
Alabama through a grant from the federal government’s National Institutes of
Health, is patented by Gilead Sciences, a major pharmaceutical company
based in California. The firm has faced sharp criticism in the past for its
pricing practices.It previously charged $84,000 for a
yearlong supply of its hepatitis C treatment, which was also developed with
government research support. Remdesivir is estimated to produce a one-time
revenue of $2.5 billion.
During an investor conference
earlier this month, Phil Nadeau,
managing director at investment bank Cowen & Co., quizzed Gilead Science
executives over whether the firm had planned for a “commercial strategy for
remdesivir” or could “create a business out of remdesivir.”
Johanna Mercier, executive vice
president of Gilead, noted that the company is currently donating products and
“manufacturing at risk and increasing our capacity” to do its best to find a
solution to the pandemic. The company at
the moment is focused, she said, primarily on “patient access” and “government
access” for remdesivir. “Commercial
opportunity,” Mercier added, “might come if this becomes a seasonal disease or
stockpiling comes into play, but that’s much later down the line.”
Steven Valiquette, a managing director at Barclays Investment
Bank, last week peppered executives from Cardinal Health, a major health care
distributor of N95 masks, ventilators, and pharmaceuticals, on whether the company would raise prices on a range of supplies.
Valiquette asked repeatedly about potential price increases on a
variety of products. Could the company, he asked, “offset some of the risk
of volume shortages” on the “pricing side”?
Michael Kaufmann, a vice president at Cardinal Health, said that “so
far, we’ve not seen any material price increases that I would say are related
to the coronavirus yet.” Cardinal Health, Kaufman said, would weigh a
variety of factors when making these decisions.
“Are you able to raise the
price on some of this tooffset
what could be some volume shortages such that it all kind of nets out to be
fairly consistent as far as your overall profit matrix?” asked Valiquette.
Kaufman responded that price decisions would depend on
contracts with providers, though the firm has greater flexibility over some
drug sales. “As you have changes on the cost side, you’re able to make some
adjustments,” he noted.
The discussion, over conference
call, occurred during the Barclays Global Healthcare Conference on March 10. At one point, Valiquette joked that “one
positive” about the coronavirus would be a “silver lining” that Cardinal Health
may receive “less questions” about opioid-related lawsuits.
Cardinal Health is one of several firms accused of ignoring warnings
and flooding pharmacies known as so-called pill mills with shipments of
millions of highly addictive painkillers. Kaufmann noted that negotiations
for a settlement are ongoing, and noted that
the company has told local officials that discharging the litigation would
allow his company “to distribute free goods.”
Owens & Minor, a health care logistics company that sources and
manufactures surgical gowns, N95 masks, and other medical equipment,
presented at the Barclays Global Healthcare Conference the following day.
Valiquette, citing the Covid-19 crisis, asked the company whether it
could “increase prices on some of the products where there’s greater demand.”
Valiquette then chuckled, adding that doing so “is probably not politically all
that great in the sort of dynamic,” but said he was “curious to get some
thoughts” on whether the firm would consider hiking prices…
AmerisourceBergen, another health care distributor that supplies
similar products to Cardinal Health, which
is also a defendant in the multistate opioid litigation, faced similar
questions from Valiquette at the Barclays event.
Steve Collis, president and chief
executive of AmerisourceBergen, noted that his
company has been actively involved in
efforts to push back against political demands to limit the price of
pharmaceutical products.
Collis said that he was recently at
a dinner with other pharmaceutical firms involved with developing “vaccines for
the coronavirus” and was reminded that the U.S. firms, operating under limited
drug price intervention, were among the industry leaders — a claim that has been disputed by experts who note that lack of
regulation in the drug industry has led to few investments in viral treatments,
which are seen as less lucrative.Leading firms developing a vaccine for
Covid-19 are based in Germany, China, and Japan, countries with high levels of
government influence in the pharmaceutical industry…
Later in the conversation,
Valiquette asked AmerisourceBergen about the opioid litigation. The lawsuits could cost as much as $150
billion among the various pharmaceutical and drug distributor defendants.
Purdue Pharma, one of the firms targeted with the opioid litigation, has
already pursued bankruptcy protection in response to the lawsuit threat.
“We can’t say too much,” Collis
responded. But the executive hinted that
his company is using its crucial role in responding to the pandemic crisis as
leverage in the settlement negotiations…
MARKET PRESSURE has encouraged large health care firms to spend
billions of dollars on stock buybacks and lobbying, rather than research and
development. Barclays declined to comment, and Cowen & Co. did not
respond to a request for comment.
The fallout over the coronavirus could pose potential risks for
for-profit health care operators. In Spain, the government seized control of
private health care providers, including privately run hospitals, to manage the
demand for treatment for patients with Covid-19.
But pharmaceutical interests in the U.S. have a large degree of
political power. Health and Human Services Secretary Alex Azar previously
served as president of the U.S. division of drug giant Eli Lilly and on the
board of the Biotechnology Innovation Organization, a drug lobby group.
During a congressional hearing last month, Azar rejected the notion
that any vaccine or treatment for Covid-19 should be set at an affordable
price. “We would want to ensure that we work to make it affordable, but we
can’t control that price because we need the private sector to invest,” said
Azar. “The priority is to get vaccines and therapeutics. Price controls
won’t get us there.”
The initial $8.3 billion coronavirus spending bill passed in early
March to provide financial support for research into vaccines and other
drug treatments contained a provision that prevents the government from
delaying the introduction of any new pharmaceutical to address the crisis over
affordability concerns.The
legislative text was shaped, according to reports, by industry lobbyists…
“Notwithstanding the pressure they
may feel from the markets, corporate
CEOs have large amounts of discretion and in this case, they should be very
mindful of price gouging, they’re going to be facing a lot more than
reputational hits,” said Robert Weissman, president of public interest watchdog
Public Citizen, in an interview with The Intercept. “There will be a backlash that will both
prevent their profiteering, but also may push to more structural limitations on
their monopolies and authority moving forward,” Weissman said.
Weissman’s group supports an effort led by Rep. Andy Levin, D-Mich.,
who has called on the government to
invoke the Defense Production Act to scale up domestic manufacturing of health
care supplies.
There are other steps the
government can take, Weissman added, to prevent price gouging. “The Gilead product is patent-protected and
monopoly-protected, but the government
has a big claim over that product because of the investment it’s made,” said
Weissman.
“The government has special
authority to have generic competition for products it helped fund and prevent
nonexclusive licensing for products it helped fund,” Weissman continued. “Even
for products that have no connection to government funding, the government has the ability to force
licensing for generic competition for its own acquisition and purchases.”
Drug companies often eschew vaccine
development because of the limited profit potential for a one-time treatment. Testing kit companies and other medical
supply firms have few market incentives for domestic production, especially
scaling up an entire factory for short-term use. Instead, Levin and Weissman have
argued, the government should take direct control of producing the necessary
medical supplies and generic drug production.
Last Friday, Levin circulated a
letter signed by other House Democrats that
called for the government to take charge in producing ventilators, N95
respirators, and other critical supplies facing shortages.
The once inconceivable policy was
endorsed on Wednesday when Trump unveiled a plan to invoke the Defense
Production Act to compel private firms to produce needed supplies during the
crisis. The law, notably, allows the president
to set a price ceiling for critical goods used in an emergency.
As this crisis continues more and more congressional corruption
is exposed. Several Senators, Richard
Burr in particular, used his seat on the Intelligence Committee to warn his
campaign contributors about the impending corona virus and the impact it would
have on the Stock Market. Burr sold $1.7
million in hotel stocks before the public became aware of the plans to limit
travel and close businesses. That’s
insider trading. Congress is more
interested in lining their own pockets than helping the American people. We have been here before. From Strategic Culture:
Excerpt:
Why Assume There Will Be a 2020 election? General Butler and the ‘Wall
Street Putsch’ Revisited
The upcoming American elections are
just around the corner and everyone is wondering if the new president will be
named Trump, Biden, Sanders or none of the above. I can hear the incredulous reader exclaim:
Wait, what does “none of the above” mean?? It’s certainly going to be one of
those three isn’t it??
It is often too easy to lose sight
of the forest for the trees and in the opinion-packed world of endless talking
head commentaries, every leaf and branch is scrutinized by professional
opinionators so closely that many forget that the entire forest is on fire. As
I’ve written extensively here and here and here, the reality is that the western financial system is careening towards
a crash much worse than anything the world saw in 1929, and the deep state
trying to manage this wreck from above would love nothing more than to impose a
fascist dictatorship onto a frightened population.
Trump, Sanders and Tulsi: Not Good
Fascists
The only reason why so much effort
has been expended on attempting to paint
Trump, Sanders and Tulsi as “Russian agents” has been the simple fact that
neither one of the three individuals would make very willing puppets who
would play along with a fascist dictatorship in America under those foreseeable
crisis conditions.
For all their problems and
differences, right wing neocons and left
wing Malthusian technocrats despise Trump, Sanders and Tulsi for the crime that
they are actual patriotic human beings who genuinely care about their
nation. Unlike technocrats or neocons, actual human beings occupying political
office may be inclined to spoil a good crisis in order to pass reforms that
actually protect the people and revoke the power structures of the shadow
government.
So I ask again: What if the
oncoming crisis results in a 2020 choice of “none of the above”? What if there is no 2020 choice
“offered” democratically to the American public at all? It isn’t like this
sort of thing has never happened in American history.
1932-1934 was a period of history that saw the world torn down into a
deep depression which the people of Europe and America were told by their
media, could only be solved by the
“economic miracle solution” of a new system of governance known as “fascism”.
This “fascist economic solution”
took hold in Europe with the quick rise of Nazism, Franco and Mussolini’s
Corporatism as well what later became Vichy France. In English Canada, the
League for Social Reconstruction was ready to take power in 1932 and French-speaking Canada was quickly
embracing the Nazi-inspired political party of Adrien Arcand.
The British governing class, led by the royal family were fully backing
Nazism, and Sir Oswald Mosley’s British Union of Fascists was rising faster
than ever. All of these movements came in different flavors but were united
under a cold utilitarian philosophy of government, a devout love for eugenics (the racist “science” of population
control) and addiction to City of London/Wall Street money.
In the United States however,
things weren’t going as smoothly.
The Rise of Franklin Roosevelt
Even though the financial elite of
Wall Street had pulled the plug on the system four years earlier, the population had still not been broken
sufficiently to accept fascism as the solution which Time magazine told them it
was. Instead, the people voted for one of the few anti-fascist presidential
candidates available in 1932 when Franklin Roosevelt was elected
under the theme of taking the money lenders out of power and restoring the
constitution.
In his March 4, 1933 inaugural
address FDR stated: “Practices of the
unscrupulous money changers stand indicted in the court of public opinion,
rejected by the hearts and minds of men. True they have tried, but their
efforts have been cast in the pattern of an outworn tradition. Faced by failure of credit they have
proposed only the lending of more money. Stripped of the lure of profit by
which to induce our people to follow their false leadership, they have resorted
to exhortations, pleading tearfully for restored confidence.”
“They know only the rules of a generation of self-seekers. They have no
vision, and when there is no vision the people perish. The money changers have
fled from their high seats in the temple of our civilization. We may now
restore that temple to the ancient truths. The
measure of the restoration lies in the extent to which we apply social values
more noble than mere monetary profit.”
During FDR’s famous 100 Days, an
all-out war was declared on the “economic royalists” that had taken over the
nation. Audits and investigations were conducted on the banks in the form of
the Pecora Commission, and the biggest
financial houses which had spent billions on fascist parties of Europe were
broken up while speculation was reined in under Glass-Steagall. Meanwhile a
new form of banking was unveiled more in alignment with America’s
constitutional traditions in the form of
productive credit and long term public works which created real jobs and
increased the national productive powers of labor.
Many people remain totally ignorant
that even before his March 4, 1933 inauguration, Franklin Roosevelt narrowly avoided an assassination attempt in
Florida which saw 5 people struck by bullets and the mayor of Chicago dying of
his wounds 3 weeks later. Within days of the mayor’s death, the assassin
Giuseppe Zingara was speedily labelled a “lone gunman” and executed without any
serious investigation into his freemasonic connections. This however was just a
pre-cursor for an even greater battle which Wall Street financiers would launch
in order to overthrow the presidency later that year. This effort
would only be stopped by the courageous intervention of a patriotic marine
named Smedley Darlington Butler.
Who was General Butler?
Born in 1881 to a family of
patriotic Quakers, Smedley Butler
quickly rose through the ranks of the military becoming the most decorated
military figure of U.S. History- a record he holds to this day with
multiple medals of honor, an Army distinguished service medal and Marine Corps
Bruvet medal (to name just a few).
By the end of the
British-orchestrated meat grinder known as WWI, the General had become an activist patriot giving speeches across
America in denunciation of the private financiers steering America’s war-driven
economy. Speaking to veterans in August 1933, the general said:
“I have spent 33 years being a
high-class muscle man for Big Business, for Wall Street and the bankers. In
short, I was a racketeer for capitalism… I helped purify Nicaragua for the international banking house of Brown
Brothers in 1909-1912. I helped make Mexico and especially Tampico safe for
American oil interests in 1916. I helped make Haiti and Cuba a decent place for
the National City [Bank] boys to collect revenue in.
I helped rape half a dozen
Central American republics for the benefit of Wall Street… In China, I helped see to it that Standard
Oil went its way unmolested… I had a swell racket. I was rewarded with honors,
medals, and promotions. I might have given Al Capone a few hints. The best he could do was operate a
racket in three cities. The Marines operated on three continents…”
In spite of his outspoken criticism
of crony capitalism, Wall Street’s elite
simply presumed all men had their price, and Butler was probably just indignant
because he was never given a big enough piece of pie.
The Wall Street Putsch is launched
These financiers needed someone
like Butler to channel the rage of the striking veterans of WWI across America
who had been fighting for the bonus pay promised them years earlier but which
didn’t exist due to the 1929 collapse. A
force of hundreds of thousands of disgruntled seasoned soldiers was exactly
what was needed to overthrow Roosevelt, but leadership was sorely lacking,
and General Butler was their man for the job. He was a war hero who was seen as
honest and loved by the veterans. He was perfect.
Under the guiding hand of JP
Morgan’s Grayson Prevost Murphy, two representatives of the American Legion
(Commander Bill Doyle and bond salesman Gerald MacGuire) approached Butler in July 1933 for the job of rallying the Legion’s
veterans and began dropping hints of a larger coup plot. Butler became
suspicious, but continued playing along with the plan to see how far this went
up the ladder of power (1).
Over the course of the next several months, Butler discovered that
America’s financial elite centered around John Pierpont Morgan Jr., the
Harrimans, the Melons, Warburgs, Rockefellers and Duponts were at the heart of
the plot.
These men used their agents such as
Gerald MacGuire a Morgan-affiliated bond salesman, Democratic Party controllers
John W. Davis and Thomas Lamont (both occupying directorships in the House of
Morgan), Robert Sterling Clark (heir to
the Singer sewing machine fortune), Grayson Prevost Murphy and Harriman Family
investment banker Prescott Bush. All of these characters had become well known
“investors” in European fascism, owned the biggest media platforms including
Fortune and Time Magazine (both of which promoted Mussolini extensively for
years), and controlled the levers of industry.
Luckily, the 1932-1934 Pecora Commission exposed these forces publicly
as the architects of the great depression, making their ability to acquire
popular support and sympathy more than a little difficult.
Outlining his Committee’s findings
Pecora had written publicly: “Undoubtedly,
this small group of highly placed financiers, controlling the very springs of
economic activity, holds more real power than any similar group in the U.S.A.”
Butler Blows the Whistle
When the time was right, Butler
blew the whistle by approaching the Special Committee on Un-American Activities
(the McCormack-Dickstein Committee) which began an investigation on November
20, 1934. Unlike the Committee on Un-American Activities which made its
reputation destroying patriotic lives under the communist witch hunt of
McCarthyism, this earlier version was
aligned to FDR and dedicated solely to identifying Nazi activity in America.
At first sceptical of the general’s
claims, the committee soon substantiated
everything over the course of a month
long investigation and made their findings public to FDR and congress on
December 29, 1934. An invaluable part of
the hearings were the testimonies of journalist Paul Comly French whom Butler
recruited to act as the general’s intermediary with the bankers.
Butler told the committee that
MacGuire stated it “wouldn’t take any constitutional change to authorize
another cabinet official, somebody to
take over the details of the office—to take them off the President’s shoulders”
and that “we’d do with him what Mussolini did to the King of Italy”.
When French asked MacGuire how the
coup would help solve unemployment, MacGuire responded: “We need a fascist government to save the nation from the Communists…
It was the plan that Hitler had used in putting all of the unemployed in labor
camps or barracks—enforced labor. That would solve it overnight.”
Although the full transcripts were
not made public, Butler did get the
message to the population by giving his story to as many journalists as
possible and recorded a message to the people in 1935 which should be
listened to in full.
The Aftermath of the Exposure
This exposure, alongside the Pecora Commission findings, and earlier failed
assassination attempt gave FDR the ammunition he needed to force America’s deep
state into submission (at least for a while). As I outlined in my recent
paper, FDR’s fight to stop a central bankers’ dictatorship started from the
earliest days of his presidency to his dying breath on April 14, 1945.
Incredibly, after the sanitized and
redacted 1934 report was published, the
committee was disbanded (to be reformed later under a fascist mandate), and the
thousands of pages of transcripts were buried for years- only officially
made public in the 21st century- the contents of which can be found here with
censored testimony in red.
The coup plotters lost no time
forming a new organization on August 22, 1934 called the American Liberty League which spent the next decade sabotaging FDR’s
New Deal. This group made every effort to promote an American alliance with
Axis powers (until 1941’s Pearl Harbor attack), widely financed eugenics, and
after FDR died, acted as the driving force behind the McCarthyite police state
in America during the Cold War.
This organization also gave birth to such think tanks as the American
Enterprise Association, Heritage Foundation and CATO institute which
incrementally made Austrian school economics a part of the American right.
Anyone wishing to understand what created
the Frankenstein Monster called “neo-conservativism” during the last 60 years
would not get very far without understanding the role of the American Liberty
League and its hell spawn.
Today, a new systemic meltdown of a $1.5 quadrillion derivatives bubble
has similarities to the 1929 crash and other similarities to the 1923
hyperinflation of Weimar. While the coronavirus may or may not be used to
trigger this new blowout, one thing is certain: a new fascist coup should be
taken more seriously than ever.
So rather than stressing about who
might be on the 2020 ballot, it is wiser to ask the question: Where are the General Butlers today?
Yes indeed “where are the General Butlers today?” President Trump is surrounded by vipers. The corona virus relief package is becoming a
big giveaway to Wall Street with crumbs being thrown to the American
people.
President Trump called on congress to issue checks to the
American people to help them get through this time when many businesses are
shuttering. Trump wanted every American
to get a check for $1,000 for two months, but Senate Republicans and Democrats
are balking.
Senator Mitch McConnell has proffered that Republicans
support $1,200 for each adult, $600 for people who are too poor to pay taxes. This included elderly whose average SS
payment is $600 per month. $140 per
month comes out of their Social Security to pay for Medicare, and they are
required to carry supplemental insurance policies from private insurance
companies that run about $150 per month.
The Republicans also want to give children $500 instead of the $1,000
requested by the President.
These traitors in congress cry crocodile tears about the
children inheriting a great debt. Meanwhile
the Federal Reserve Bank is pumping trillions into the Wall Street Banks, and
America’s ever wars and crippling sanctions continue unabated. It is past time to end the Fed, nationalize
the banks and socialize medical care. I
believe at the right time that is exactly what President Trump will do. He’ll have his FDR moment.