Flipping The Script
Flipping The Script “If we look at the history of the European imperialists we see their psychology. As I have said on numerous occasions, the psychology of the rulers of this world, the psychology of eurocentrically oriented people is not in the psychology books but in the history books; and one merely needs to read their history to get at their psychology. And that history of course is not written be me, not written by Black scholars,. It is not written by us ‘prejudiced nationalists’. It is written of course by the imperialists themselves, and therefore is a form of self-indictment, and it is there for all to see. It is an admission in and of itself of the insane nature of the people who are in the control of the world today.” Amos N Wilson
The Falsification of Afrikan Consciousness Eurocentric History, Psychiatry and the Politics of White Supremacy page 72.
El Hajj Malik El Shabaaz (Malcolm X) warned us many years ago about the cunning deviousness of the Europeans who in order to maintain their oppressive death grip on our lives will make those of us who languish under the weight of their oppression the criminals, and portray themselves as the righteous victims. The flap about Rev. Jeremiah Wright and the Obama candidacy is a classic example of this ploy. In order to castrate Obama who the ruling oligarchy isn’t completely certain will mindlessly toe their imperialist New World Order line, they employed the media to tar and feather Obama vicariously by linking him to Jeremiah Wright a “pro Black, Afrocentric” clergyman. They wanted to play the race card, keep the controversy brewing and they knew Wright would jump at a chance to “vindicate” himself on a supposedly objective forum program. They shrewdly set him up to be interviewed by Bill Moyers. The program was aired Friday evening. Moyers’ job was to get Wright to say something provocative so they could use it to hang him and by extension Obama. But Moyers was too fair and too intellectual. He did try to get Wright by bringing up the term “liberation theology”. Wright explained its origin in its’ Latin American context and he also explained the term “black liberation theology” as it applied to the US. But the jackals in the media let that slide opting for something more controversial and more graphic. CNN pretending they wanted to give him a fair and complete look aired Wright’s NAACP speech in Detroit on Sunday in its entirety. But he didn’t provide much ammunition on that occasion. It wasn’t until he went to the National Press Club and his speech was aired live on C-Span Monday and subsequently played over and over during the day that the ambush was complete. They caught Wright in full stride in a venue where he had black support (call and response) as he reacted to questions posed by an adversarial white press. Wright probably thought this was the perfect opportunity to demonstrate he was not a punk and was not going to back down from his detractors. He couched is remarks as a defense of the Black Church not himself. But his antics were aired for all to see and the media as they always do, flipped the script. They cunningly made Wright the villain and to add insult to injury played additional sound bytes that made him look like a buffoon. Mission accomplished!
This put the onus on Obama. Obama was forced to react and distance himself from Wright lest the media spin masters paint him as an anti-AmeriKKKan kook too. Meanwhile the Clintons laid in the cut and watched as the media chipped further away at Obama’s non-threatening Negro image. Now Obama is forced to really cheese, shuffle and buck dance to keep his candidacy alive. This was all preplanned and orchestrated. This is just the tip of the iceberg. If he manages to survive this, they will do it again. Only next time they will really put Obama on the defensive about his stance concerning Israel. That will be the death blow, unless he totally compromises himself, bows down, prostrates and prostitutes himself to the Zionist cabal. The questions now are: how badly does Obama want this, what is he willing to do to stay in the race, how low will he debase himself, how much more will he sell of his soul to accomplish his goals?
This is not about Jeremiah Wright, it is about Barack Obama. Rev. Jeremiah Wright is no serious threat to the Empire. His so called Afrocentric theology is suspect because Trinity United Church of Christ is in an all white denomination! Plus we must remember, historically the ancient Hebrews may have had some melanin but they were a mixed brood whose phenotype and culture had been infected by the Caucasoid invaders into Mesopotamia (Chaldea) thousands of years before “Abram” allegedly left there to wander into Africa. The descendants of Abraham, Isaac, and Jacob were nomads, not the sedentary, highly cultured people of Africa (Kmt, Cush, Nubia, Ethiopia or Canaan). If Wright is so Afrocentric why aren’t his liturgy and rituals like the Coptic Church or a new wave African style of ceremony? If Wright is preaching a liberation theology, it is certainly not like the theology of Nobel Drew Ali, Elijah Muhammad or Jaramogi Abebe Agyeman (Rev. Albert Cleage) all of whom borrowed heavily from Marcus Mosiah Garvey. Wright was not preaching Black self-sufficiency, acquiring land, skills and building a coherent common interdependent social network like they did. Nor does he suggest Europeans as a whole are devils or mutants. Nevertheless Wright is being demonized and vilified in the corporate media who are doing the dirty work of their masters who happen to be the most bloodthirsty warmongers on the planet.
Don’t go for the okey-doke. This is not about Jeremiah Wright. It is a vicious media psy-op on Barack Obama and Black people. Remember during slavery whites said we had a disease they called
Dysaethesia Aethiopia because the field folks actively resisted and refused to work ourselves to death like beasts of burden for the white man. The ruling elites know Black folks opposed the invasions of Afghanistan and Iraq. They know most older Black folks don’t trust the government and rightly so. They know a lot of us suspect 9-11 was an inside job or at the very least the US government allowed it to happen. They must castrate us and turn us into gutless, go along Negroes for their New World Order agenda. Just like Obama must do if he is to become the Democratic nominee. They don’t have that problem with Hillary Rodham Clinton or John McCain. Both of them are totally down with the NWO program. To accomplish our castration and surrender, they are doing what they’ve always done, making the victim (us) criminals and the criminals (themselves) the victim.
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Obama, the Sean Bell Verdict: White Supremacist Overkill
Obama, the Sean Bell Verdict: White Supremacist Overkill “Three detectives were found not guilty Friday morning on all charges in the shooting death of Sean Bell, who died in a hail of 50 police bullets outside a club in Jamaica, Queens. Justice Arthur J. Cooperman, who delivered the verdict, said many of the prosecution’s witnesses, including Mr. Bell’s friends and the two wounded victims, were simply not believable. “At times, the testimony of those witnesses just didn’t make sense,” he said. His verdict prompted several supporters of Mr. Bell to storm out of the courtroom, and screams could be heard in the hallway moments later. The three detectives — Gescard F. Isnora, Michael Oliver and Marc Cooper — were escorted out of a side doorway. Outside, a crowd gathered behind police barricades, occasionally shouting, amid a veritable sea of police officers.” 3 Detectives Acquitted in Bell Shooting By MICHAEL WILSON Published: April 26, 2008 http://www.nytimes.com/
This has been a rough week for us psychologically. On Tuesday the Clinton’s pulled off their mugging of Barack Obama in the Pennsylvania primary in broad daylight using obviously racist overtones and Orwellian illogic to paint Obama as an unpatriotic, un-AmeriKKKan elitist. Today a New York Judge named Arthur J Cooperman ruled the three New York City detectives who shot and killed Sean Bell, an unarmed innocent Black man, were not guilty of all charges saying the prosecution failed to prove their case. Once again police walk after shooting an unarmed Blackman, this time
fifty times!
Why are we surprised at this? Black life has always been deemed “less than” in AmeriKKKa, which is exactly the message the Clintons have been openly saying and implying about Barack Obama as a candidate. While I have no delusions Barack Obama will effectuate any meaningful changes in AmeriKKKa core values or policies if he’s elected president, nevertheless is has been quite educational watching the Clinton faction (with help from Karl Rove and his pals) of the plutocratic puppets work their white magic on the masses. The Clinton campaign successfully demonized Obama and in the words of one of their supporters “punked him” with the willing assistance of the mainstream media. The race for the Democratic nomination has gotten progressively uglier as the Clintons fell behind in delegates and popular vote count. In utter desperation the Clintons and the corporate media resorted to playing the tried and true “race card”. They first attempted to link Obama to Minister Farrakhan, but that failed. Next they dragged out videos of Reverend Jeremiah Wright’s sermons, took snippets of his speeches out of context, played them over and over and tied them to Obama. Their strategy was to paint Obama as un-AmeriKKKan, suggesting both Wright and by extension Obama were at least conspiracy believing kooks and at worst unpatriotic terrorist sympathizers. Working in collusion with the corporate media (the last “debate” between Obama and Clinton is a classic example) they bum rushed Obama, effectively tarred and feathered him in the media undermining his carefully crafted nonthreatening “Good Negro” image.
Usually a news cycle around a controversial issue lasts about two weeks at most unless the corporate media wants to do a psychological-operation (mind game) on the masses. If it is part of a psy- op propaganda campaign, it is prolonged and becomes a protracted melodramatic circus played out in the mass media. The Clintons and the media have been dragging the Wright thing out for months using a “Chinese water torture method” the steady media drip about Wright’s bigotry and Obama’s unpreparedness. This is not just a Clinton thing, the Republicans are in on it too. Karl Rove and other Republican strategists, have joined the fray ganging up on Obama in a tag team approach. Rove the Doctor of spin and master of deceit for the Bu$h propaganda machine wrote an Op-Ed piece in the Wall Street Journal’s this Thursday’s edition where he implied Obama wasn’t tough enough and questioned if Obama was ready for what Rove called “Prime Time”. What these folks are saying not so subtlety is Obama, a half-Black man, is not “good enough”, not strong enough not one of them enough to lead white folks or be in charge of the Euro-AmeriKKKan financial neo-colonial empire.
What Judge Cooperman said by his decision today is, Black life isn’t worth spittle even when it is snuffed out by non-white police officers. In 2008 are we still surprised and shocked by a verdict like this? We would not be if we fully comprehended the reality human beings are creatures of habit. Our individual behavioral patterns and proclivities are called habits, the long term repetitive patterns of our family members and neighbors are called folkways, the habits of the larger society are called mores, customs, traditions and culture. The history and culture of AmeriKKKa is one of unrepentant violence towards people of color, virulent racism and state sanctioned oppression. This state sanctioned oppression was succinctly articulated in 1856 by Roger Taney the US Supreme Court Justice who in his infamous opinion in the Dred Scott case wrote “a black man has no rights (obviously not even the right to life) a white person is bound to respect.” This long held belief and value is the obvious thrust behind the Clinton’s campaign strategy against Barack Obama and the underlying attitude behind Judge Cooperman’s verdict today.
Our esteemed ancestor Dr Bobby Wright the brilliant psychiatrist who helped us fathom the depths of white pathology in his classic work
The Psychopathic Racial Personality said, “This presentation is based upon a very simple premise; namely, that in their relationship with the Black race, Europeans (Whites) are psychopaths and their behavior reflects an underlying biologically transmitted proclivity with roots deep in their evolutionary history. The psychopath is an individual who is constantly in conflict with other persons and groups. He is unable to experience guilt, is completely selfish and callous and has a total disregard for the rights of others. This premise is supported by overwhelming scientific evidence ... One of he best methods tha can be used to measure the psychopathic traits of the White race is by observing and analyzing their universal overt behaviors and attitudes toward Blacks.” The Psychopathic Racial Personality and Other Essays Third World Press page 2.
We are witnessing first hand, in real time the very examples Dr Wright articulated in his essay. We’re observing the painful dynamics in the relationship between whites and Blacks in AmeriKKKa as exemplified by the treatment of Barack Obama and adding insult to injury the verdict in the Sean Bell killing. I could add: the Bu$h administration’s callous treatment of the Blacks in New Orleans, the rising prison industrial complex, deliberate high unemployment and other relevant socio-economic indicators but by now you get my drift. The question is, given this clear indication how the white power structure really feels about us, what are we going to do to strengthen, protect and save ourselves?
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The Ultimate Bailout
The Ultimate Bailout “Who will bail out the Fed? In reality, we already know the answer to this. It lies in the record high gasoline prices, record high food prices, and either record or near-record prices in almost everything else. You and I will bail out the Fed. Not with money, but by a loss in our standard of living caused by the debasement of our money which is necessary to perpetuate the status quo and bail out a woefully ill financial sector. Many months ago, I forecasted that we would see a brief period where deflationary forces would tug at our economy, and the powers that be would respond with massive infusions of liquidity. In my opinion, we have reached that inflection point. For a year we have seen credit destruction as loans have gone bad, resulting in massive losses. The response, while slow at first has been decisive as of late. M3 growth statistics collected by various interested parties support this thesis. The monetary base is growing at a record pace: over 17% y/y as of last week. That growth in turn will fuel consumer price inflation moving forward at an ever-accelerating rate regardless of what the irrelevant CPI states. Despite many perceptions to the contrary, the events in the financial and banking system affect each and every one of us, regardless of whether or not we own stock, have a mortgage or carry a credit card balance. We all have one thing in common: we use the Dollar as our unit of exchange, and that alone means that we have been, are, and will continue to be affected by the ultimate bailout.” Andy Sutton, My2CentsOnline.com | April 18, 2008 http://www.my2centsonline.com/
The powers that be have instituted another in a long series of fraudulent con games and Ponzi scams on the people. This time they are telling us everything is under control as they futilely attempt to stem the massive hemorrhaging of the US economy while ignoring the cancers of greed corruption that are spreading throughout financial system, taking a deadly toll on the whole system. The Federal Reserve Bank, which is not a part of the US government but is really a consortium of privately owned banks the US Congress gave permission to set US monetary, credit and interest policies; is feverishly trying to save the Wall Street banks and shadow banking system (hedge funds, derivatives and other exotic debt leveraging programs). Unfortunately they are doing it at the expense of the US dollar, our lifestyles and our rapidly sinking standard of living. What the Fed is robbing Peter to pay Paul. The Fed in collusion with the White House, Wall Street, the mortgage companies, bond rating services, mortgage brokers, insurance companies and the media duped AmeriKKKa into going for the lamest okey-doke imaginable; a “greed is good” philosophy infused into the quest for the ever elusive “AmeriKKKan dream”. This incessant propaganda prompted all types of ordinary folks to go into debt as countless predatory lenders gleefully issued the unsuspecting “marks” loans because of the higher commission they received as an incentive inflated the housing and credit bubbles beyond their capacity for repayment. Now in order to save their partners in crime, the Fed is dumping even more money into circulation while manipulating the monetary supply and interest rates to facilitate the bail out the Wall Street banking houses that helped the Fed create the financial collapse in the first place.
While Wall Street, at the urging of the Fed, was touting the benefits of greed and promoting going into debt as a way to boost the US economy, the inevitable day of reckoning kept getting closer and closer. But the plutocracy kept the con game going by keeping us oblivious to the inevitable Karma their behaviors created. What goes around comes around. Now the Fed is desperately trying to cover its’ tracks and bail out their co-conspirators on Wall Street. But since the Fed is injecting “liquidity” (digitally created money out of thin air) into both the economy and into the traditional and shadow banking systems, our costs of living are skyrocketing due to the devaluation of the US dollar. This is monetary inflation, the rise in the cost of living due to massive infusion of dollars into the economy, devaluing the dollar, causing everything, and I mean everything to cost more.
This means folks struggling to make ends meet are finding the ends moving farther and farther apart. What the bail outs mean is the bankers who caused this problem are being given a free pass, a do not go to jail card from the Fed and the US Congress. The Fed and Congress are helpless to prevent the bottom from falling out of the economy. This is their goal. At the same time, they surely don’t want the somnambulant AmeriKKKan people to wake up and get hip to the game being run on them. They use the corporate media to keep the people distracted and our attention diverted from the tidal wave of wealth redistribution that is about to engulf us. There are a few media outlets providing analysis of the situation.
“JIM: ... The bailouts would be paid for by tax increases coming next year and we’ll get into that, the tax increases that are coming, probably the largest tax increase in US history because you can’t bailout 3- or 400 people, create tax credits for the builders, tax credits for investors, that money has to be paid by somebody. And what’s going to happen is they’re going to have to raise taxes. In other words, you and I as American taxpayers are going to pay for this. But you’re right, John, because the Barney Frank program, which is very similar to Senator Dodd’s the government would guarantee 3 to 400 billion and what would happen is the government would come in and underwrite a new mortgage based on the new value of the home. Let’s say that the house was formerly selling at 130,000; now the house has fallen by 30% - the new value of the house is 100,000. So what would happen is the lender would have to write the mortgage down, the government would come in and give a loan for almost 90% of the value of the home, and the lender would get 85% of the mortgage and then the government would get to pocket 5% of the mortgage. So you’re absolutely right. Now you have the government getting into the housing industry where the government has a stake in these mortgages so they own part of your home. So in effect, now in addition to paying income taxes you would also be paying interest payments to the government in many ways. So the government has a 5% equity interest in your home, so we’re definitely moving into new territory regarding property rights because what the government is trying to do through the bully pulpit is to convince lenders, “look, property prices are falling, wouldn’t it be better to renegotiate than for you to put this into foreclosure.” But we’re moving into major property rights territory here in that we’re making property rights in this country less secure because if we set this precedent in this bubble, what do we do in the next bubble? What if it’s – who knows? – let’s bail out big investors in the stock market, hedge funds and things like that. So let’s see what happens there.JOHN: But more noticeably, if you see this transfer process going on, it takes money from one group of people to now ownership on the part of the Fed government supporting another group of people. And so what we’re doing is they’re actually taking somebody else’s money to buy property for themselves – the government is. That’s what is effectively happening here.JIM: Yeah, so we’re getting into a very, very risky situation here regarding property rights. And as many have pointed out, this is also going to impact future lending practices because if you are a lender loaning on a piece of property, remember, there was also a proposal here – now, so far they’ve booted it out in terms of the negotiations between both sides of the aisle, but they wanted to allow judges to determine what your new mortgage and interest rate is. So imagine what a lender would do if you get to a situation where a lender may not be secure on the loan. In other words, I make a loan today at x dollars and I’m charging a 6% interest rate, but arbitrarily some time in the future I could have this interest rate reneged on and I might be forced to take all these losses on properties. So like I said, we’re entering into brave new territory when it comes to property rights.” Transcript from, Bailouts, Stimulus II & Other Interventions http://www.financialsense.com/fsn/BP/2008/0412.html#bailouts
The real crime is the bankers and con men who created this mess get off Scott free while you and I get engulfed by a tidal wave of money and credit infused by the Fed into the economy making conditions worse for us. To add insult to injury the “bailout” plans being bantered around actually are scams whereby either the government or the lenders will end up owning the people’s homes and assets. This is the ultimate plan of the ruling elites, to reduce the people to poverty, debt serfdom and wage and tax servitude. Their goal is to rob us all through predatory lending, increased taxation and outright fraud. Their goal is to transfer the wealth to the elites, a reverse Robin Hood, rob the poor and give it to the rich.
“It is crucial to understand that the current economic meltdown is a transfer of wealth from the middle and lower classes to the ruling elite. Wealth transfers do not just happen, nor are they the products of incompetency. They are intentional and well-planned. Central to wealth transfer is corruption at the highest levels of the economic and political systems. In hindsight, we look back upon the Savings and Loan debacle of the 1980s, at that time, the largest theft in the history of the world, yet today, our minds cannot begin to wrap around the wealth that has been stolen from the American people, making the S&L scam look like piggy bank pilfering--and to my knowledge, Catherine Austin Fitts at her Solari and Dunwalke sites, is the only person to have documented this so impeccably.” The Joyride That Was The American Empire By Carolyn Baker www.informationclearinghouse.info/article18169.htm
Wake up and smell the stench of the decaying carcass of the AmeriKKKan economic system. What goes around comes around. The inevitable consequences of widespread fraud, systemic corruption, wanton callousness, ignorance and apathy are now staring us in the face.
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Bankruptcies Are On the Rise
Bankruptcies Are On The Rise “In the past, many Chapter 13 debtors have been able to keep their homes through the use of repayment plans that stopped foreclosures or repossessions. However, the 2005 bankruptcy law changes imposed so many additional requirements and restrictions that Chapter 13 no longer is a practical way for many wage earners to save their houses from foreclosure, Mullin said. Also, the extra work required by the new law has caused the typical attorney's fee to double, putting it beyond the reach of most people. ‘The passage of the bankruptcy amendments in 2005 will without a doubt lead to many more foreclosures, distressed sales of real estate, neighborhoods going into decay and families shattered,’ Mullin said. ‘We are seeing only the tip of the iceberg at this time unless some changes in the bankruptcy law are passed to allow this valuable remedy to one again be efficiently offered.” http://globaleconomicanalysis.blogspot.com/2008/04/
Despite the recent passage of a revised bankruptcy law The Bankruptcy Abuse and Prevention and Consumer Protection Act of 2005 which was virtually written for our Congress critters by the banks and credit card companies, bankruptcies are on the rise as the US economy unravels. Reflecting the tenuous financial predicament many AmeriKKKans find themselves, the law has not stopped people from filing for bankruptcy. The 2005 law was intended to discourage the rash of filings to get out from onerous debt. For a while it was working. Recent figures from the American Bankruptcy Institute reveal the number of bankruptcy filings both personal and business are skyrocketing.
“An increase in March bankruptcy filings is another indication that the U.S. economy is in recession, led by states where the housing boom turned to bust. More than 90,000 bankruptcy filings were made in March, the highest since insolvency laws became more restrictive in October 2005, according to statistics compiled from court records by Jupiter ESources. Filings in March were 30% above the pace in 2007. California led the nation with a 42% increase in bankruptcy filings at an annual pace in the first quarter, according to Jupiter Esources. Rising bankruptcies, together with mounting foreclosures and fewer jobs, are further signs the biggest housing slump in a generation is hurting consumers and businesses. Federal Reserve Chairman Ben S. Bernanke this week for the first time acknowledged that the economy might be facing a recession and vowed to act to cushion the slowdown.” Bankruptcy filings jump 30% From Bloomberg News April 5, 2008 http://www.latimes.com/business These figures, as alarming as they are, do not bode will for the rest of 2008 because economists and bankruptcy experts say there is a lag between six to nine months before a trend can be detected. One this is certain for 2008 and beyond, bankruptcies will continue to balloon. Things are predicted to be so bad, bankruptcy is now being touted as a growth industry!
“The full impact of the nation's sliding economy is not reflected in the most-recent figures — that may take a few more months — and many lawyers believe there will be a lot of bankruptcy-related business up for grabs this year. ‘Nationally, people think that the No. 1 area of growth this year will be bankruptcy,’ said Carrie Titus, division director of Robert Half Legal, which provides legal staffing to law firms and corporate legal departments. The reason the increase is expected later this year is because the impact of bad economic developments doesn't translate immediately into a sharp hike in bankruptcy filings, said Jack Williams, scholar-in-residence for the Alexandria, Va.-based Bankruptcy Institute. He's also a bankruptcy professor at Georgia State University College of Law in Atlanta. ‘That spike generally lags about six to nine months behind the economy,’ Williams said. ‘Bankruptcy is a lagging economic indicator.’ Because of this, Williams predicted that the number of filings across the country, including business and individual cases, will rise to between 1.2 million and 1.4 million by the end of 2008. Most cases are filed by individuals.” From Bankruptcies The Number 1 Growth Area for 2008 http://globaleconomicanalysis.blogspot.com/2008/04/ This is just the beginning, the tip of the proverbial iceberg. In 2008 over 2 million adjustable rate mortgages are scheduled to reset to a higher rate forcing the borrowers to come up with additional cash at a time when the US dollar is being devalued almost daily and wages are actually in decline when you take monetary inflation into account. Theses borrowers are going to be hard pressed to meet the higher interest rates. Many will be forced to default on their loans. As more and more businesses downsize, go bankrupt or merge the US unemployment rate will increase forcing people to make very painful choices. As a result, bankruptcy rates are also going to shoot up because the US economy is down.
“The unemployment rate rose from 4.8 to 5.1 percent in March, and non-farm payroll employment continued to trend down (-80,000), the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Over the past 3 months, payroll employment has declined by 232,000. In March, employment continued to fall in construction, manufacturing, and employment services, while health care, food services, and mining added jobs.” April report from the US Bureau of Labor Statistics (BLS). To understand just how ominous conditions are, the US economy needs to generate 150,000 new jobs every month to keep pace with the population. Over the last three months the Us economy has lost 232,000 jobs! The unemployment figures are actually higher because the US Bureau of Labor Statistics routinely undercounts the jobless because they do not include people they call “discouraged workers”, those who have been out of work so long, they have given up looking for work.
The US economy is imploding but it need not be the end of the world. We can survive and thrive even in the midst of economic uncertainty. It will require making changes in our lifestyles being more savvy and discerning how we spend our money. If you have a job(s) be thankful. Remember the best way to make it through these difficult financial times is curb your spending, get out of debt and reorient your priorities.
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Don't Exoect Any Real Help From Bu$h
Don’t Expect Any Real Help From Bu$h “April 5 (Bloomberg) -- The jump in March bankruptcy filings is another indication the U.S. economy is in recession, led by states where the housing boom turned to bust. The more than 90,000 bankruptcy filings in March were the highest since insolvency laws became more restrictive in October 2005, according to statistics compiled from court records by Jupiter eSources LLC. At a daily rate, filings in March were 30 percent above the pace in 2007.Rising bankruptcies, together with mounting foreclosures and fewer jobs, are further signs the biggest housing slump in a generation is hurting consumers and businesses. Federal Reserve Chairman Ben S. Bernanke this week for the first time acknowledged the economy may be facing a recession and vowed to act to cushion the slowdown.” http://www.bloomberg.com/apps/news?pid=20601087&sid=aw8ifLmYMFlI&refer=worldwide
If you take a tabletop look at what’s going on in AmeriKKKa even the most comatose and delusional among us have to admit something is amiss, things are not going well economically. The latest unemployment figures, personal bankruptcy data, rising home foreclosures and loan defaults, large bank failures and skyrocketing prices are signs the US economy is imploding. Bu$h’s imperialist follies in Afghanistan, Iraq and Somalia are not going well. George W Bu$h in another clear indication of his detachment from reality about six weeks ago claimed the US economy was “robust” and “growing” and his bogus War on Terrorism was a success. Most of us recognize Bu$h and Cheney live in a parallel universe where in their minds: up is down, evil is good, failure is progress, war is peace and oppression freedom; which is why most AmeriKKKans loath them and want them brought to swift justice. I say most, because the US Congress, the most compromised assembly money can buy, continuously abdicates its responsibility to reign in an administration made up of crooks, war criminals and sociopaths who have driven this country to the precipice of wreck and ruin. Congress’ cowardice is especially egregious when you consider the 2006 mid-term elections gave them a clear mandate to end the war and bring the troops home. It is clear the US Congress has an alternative agenda from the people.
AmeriKKKa is in deep trouble politically, morally and financially. Bu$h’s resurrection and implementation of the voodoo economics of the Ronald Reagan era have bankrupted the nation. His tax cuts for the rich and connected, the rampant corruption, plutocratic favoritism and cronyism which are the hallmarks of his administration have made it plain this administration if not the government itself, are components in a major criminal enterprise. 9-11 happened on Bu$h’s watch yet not one member of the Joint Chiefs of the military, nor the heads of the FAA, the CIA and FBI were reprimanded, fired or punished. In fact they were either promoted or given medals! Bu$h even resisted forming a commission to investigate what happened on 9-11 and how. He was subsequently forced due to relentless pressure from family members of the victims who died in the plane crashes into the World Trade Centers and Pentagon to give in and initiate an investigation into what happened that fateful day. Much like previous government investigations such as the assassinations of John F Kennedy, Martin Luther King Jr, and Robert Kennedy the “official government inquiry” into 9-11 turned out to be a complete white wash. The 9-11 Commission was a sham. Their job was essentially to cover up the Bu$h and Clinton administrations’ failures to respond to the numerous, clear and direct warnings from foreign governments about the pending attacks and how the government itself facilitated what happened. Log onto http://www.cooperativeresearch.org/essay.jsp?article=essaytheytriedtowarnus and read about the myriad early warnings given directly to the US government about pending attacks.
Think about Bu$h’s impotent response to warning about the onrushing Hurricane Katrina from FEMA, satellite imagery that was available to him from the military and National Oceanic and Atmospheric Administration, remember he ignored all that. This imagery and information, had Bu$h chosen to heed and use it, would have prompted a far different government response and outcome to the disaster if he were really a servant of the people. It is clear to me, Bu$h’s inaction during Katrina demonstrated at the very least criminal callousness and unconcern; and at worst, a malfeasance that should be prosecuted. It was the same unconcern Bu$h demonstrated, the same deer in the headlights look he showed when first informed about the plane crashing into the World Trade Center while he was at a Florida elementary school.
I point out these circumstances just as I pointed out Bu$h’s diminishing grasp of reality as demonstrated by his statements about the economy as a warning. If his pattern remains true to his responses to 9-11, the invasion of Iraq and Katrina, Bu$h’s response to the economic crisis will be just as beneficial and rewarding to his buddies on Wall Street as it was for his crew in the military industrial complex following 9-11 and Iraq and the crooks and fraudsters who’re making out like bandits following Hurricane Katrina. His recently enacted “stimulus package” is a total sham. The calls for reform by Henry Paulson the Secretary of the Treasury who is a former CEO of Goldman Sachs a major investment bank, whose personal fortune is estimated to be over $700 million dollars is really a scam, a con game to give the same bankers who created the problems in the first place even more power. It’s like deputizing wolves to guard the hen house!! Paulson is trying to get the onus off of Wall Street and get the taxpayers, us, to bail out banks like Goldman Sachs. His scheme calls for pushing more loans onto the Federal Housing Administration (FHA) and increasing capitalization to Freddie Mac and Fannie Mae entities that are backed by the US Treasury and taxpayers, which are currently in financial difficulty themselves so they can make more loans! This is a two-for, the banks get out from under onerous debt, plus the vampires now have an entity (FHA) that holds the liens on the loans. When it comes time to foreclose on the hapless borrowers, they can snatch the properties up for pennies on the dollar; something they can’t do now because the existing mortgages have been packaged and sold in bundles of debt all around the world. Please be advised, Paulson’s “plan” is not going to alleviate the stress, strain or trauma of folks currently facing default or foreclosure. This is a way to get the big banks off the hook, similar to the way they stiffed the taxpayers for the Savings and Loan fraud in the ‘80's. Just like the stimulus package a measly a few hundred dollars from a bankrupt US treasury, isn’t going to really revive a slumping economy. It’s all a PR show.
Don’t go for the okey-doke. This is not the Twilight Zone. Up is still up and down is still down.The US economy is in big trouble. Bu$h’s imperialism and his insane fiscal policies have ensured this country’s financial demise. Keep your eyes open for more bank failures, the Fed keeps forestalling it by propping them up with more “liquidity” which is banker speak for money printed out of thin air. Keep an eye on the real value of your stocks and investments, if you have any. The Fed’s policies are trashing the US dollar. Inflation will continue to skyrocket as the Fed prints more and more money out of thin air. Even if you get a raise which you probably won’t any time soon, (be thankful if you have a job) your salary is not going to keep pace with the rising costs of living. The skyrocketing costs of living is due to the devaluation oft the US dollar which is caused by a significant increase in the money in circulation. This is what inflation really is. Couple that with stagnant wages and we’re experiencing what is called stagflation. If credit, interest rates and monetary fluctuations (bubbles and bursts) cause a slowdown in production, hiring or output, then you have a recession. If the recession is protracted, lasting over a long time, you have a depression!
This is what is going on now. Don’t expect the Bu$h administration to do anything to genuinely help you since they exacerbated it with their policies. The only ones who will get relief or rewards are Bu$h’s cronies on Wall Street. Instead of going to jail for causing this mess, they will be living large on an island somewhere. The bankers and executives left standing will make out like the bandits they are. They always have and they will again.
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