Before you roll your eyes and dismiss me as some “extremist,” let me explain the situation to those who are unfamiliar with my past reports. In my report on the
Economic Elite Vs. The People of the United States, I lay out the case proving that our economy and tax system has become an organized criminal operation. I defy anyone who spends time researching and analyzing the facts and overwhelming evidence to support this claim to prove otherwise. I invite anyone who thinks I’m wrong to a debate on national television. I’m talking to you, Tim Geithner, Ben Bernanke, Larry Summers, Lloyd Blankfein, Jamie Dimon and President Obama!
I torturously spend 60 plus hours a week researching this and the torrent of devastating news and evidence is mounting by the minute. The staggering level of theft continues unabated. As I am watching this unfold, I am horrified thinking about the severe consequences that have only just begun to reap their toll. Our nation is being raped and pillaged. Our future is going up in flames and our government isn’t even making the slightest effort to put out the fire. In fact, they are purposely pouring gasoline all over it.
So let me take a deep breath and back up for a minute… and explain the urgent gravity of our current crisis.
VI: American Heroes Speak Out on the Financial Reform Ruse
If you think the new “financial reform” bill about to be rushed through Congress and signed by Obama is going to do anything to change the game, you need to turn off your propaganda machine (television), put down the Kool-Aid and WAKE UP. This is not some political abstraction that you can avoid thinking about. This is a direct attack on us. Our future is being ripped away from us and destroyed while we watch American Idol and sit back hoping and waiting for change. There is major change coming, no question about that, but the change is going to be for the worse, much worse.
The Obama-Summers-Bernanke-Geithner doctrine has been to keep hiding debt and losses, and allow continued theft, by just kicking the can further down the road. This is only going to make things worse in the long run. The fat lady has already sung, they’re just delaying the inevitable and stealing everything they can still get their hands on in the meantime.
The corrupt SEC is still trying to
further ease any remaining regulations on the major banks, and the sham that is being called “historic financial reform” is a massive con job. Even though you don’t see it on your nightly “news” or the 24 hour propaganda outlets, experts have been bravely speaking out about it and reporting their findings. TARP Congressional Oversight Panel Chairwoman Elizabeth Warren has been tirelessly fighting for a Consumer Protection Agency that is now going to be tossed aside into the Federal Reserve. Putting the Consumer Protection Agency in the Federal Reserve is like saying you are going to protect children by locking them in a room with a serial child molester.
Apologies for making these vulgar analogies, but people need to understand the depravity of what is happening here. Dodd’s entire bill gives even more power to the thugs who are running the heist. As Andy Kroll wrote in a recent report called, “
The Fed’s Spectacular Comeback:”
“When Sen. Chris Dodd (D-Conn.) unveiled his long-awaited version of a Wall Street reform bill on Monday, two unlikely winners emerged: the Federal Reserve and its chairman, Ben Bernanke. The Fed, according to Dodd’s plan, would retain some of its most crucial regulatory powers, like overseeing the 40 or so big banks with more than $50 billion in assets. But it would also gain more regulatory muscle. A new consumer-protection agency would be housed within its walls, and the Fed chairman would sit on a council of regulators created to tackle banks that are too big or too interconnected to fail. Bernanke and his team would also be empowered to regulate large non-banking financial firms—like subprime mortgage companies—if the council of regulators deem that they threaten the economy.”
That’s right, let’s put the thieves in charge of policing the thieves. Sounds like a brilliant, mentally sound plan, doesn’t it? But their extraordinary audacity and arrogance doesn’t stop there!
Another person to bravely speak out, FDIC Chairman Sheila Bair, revealed her “serious concerns” that the Senate’s new bill will allow “
backdoor bailouts of the largest financial firms.” Yep, “backdoor bailouts,” very aptly titled. The Wall Street elite, knowing that there are still massive debts/liabilities to be placed on the books, want to continue to give themselves huge bonuses and keep their scam rolling along, so they want to keep the already plundered taxpayer lifeline open. They are like heroin junkies trying to tap the vein just one more time. And that vein isn’t theirs; it’s yours!
Former IMF chief economist Simon Johnson has testified before Congress stating that the bill is a sham, and has released many reports exposing the bill to be a mere charade. He recently
raised this alarm: “The indications are that some version of the Dodd bill will be presented to Democrats and Republicans alike as a fait accompli – this is what we are going to do, so are you with us or against us in the final recorded vote? And, whatever you do – they say to the Democrats – don’t rock the boat with any strengthening amendments.”
Johnson followed that report up with this one: “
Senator: Which Part Of ‘Too Big To Fail’ Do You Not Understand?” Mike Konczal of the Roosevelt Institute also went through the bill looking for things a Goldman Sachs lobbyist
might object to and didn’t find any reason for Goldman Sachs to not support it. Even the Troubled Assets Relief Program (TARP) Inspector General Neil Barofsky has been courageously railing against the “
lack of any meaningful reform.” And these people are hardly radicals. They are all American heroes who are risking their careers and livelihoods to blow the whistle on this sham.
The fact that this has all happened is beyond comprehension. The only thing that is more mind-boggling is that all-out plunder continues to escalate.
Comments
A good, responsible citizen is an informed citizen and will review all information related to important issues, including those raised in this article.
Go to (copy and paste into webbrowser)
www.bigeye.com
for information related to extremely important constitutional issues and related concerns. Please review the information at this website and form an opinion about the hundreds of thousands of pages of information posted there. You may reject or accept, but at least review this information critically to gain a sense of where this society is on many of these issues.
I can't help but to notice that our current president, but not the previous one, is implicated in what is wrong with our country. Does this mean that everything was A-OK until Bush left office?
Sorry this looks like just another "sore loser" attempt to dis-credit Democrats.
Boring.... sigh! get a life.
The fact that this has happened is not at all beyond comprehension. In fact it's not even the least bit suprising. Austro-Econ pretty much predicts this sort of thing is bound to happen.
And precisely what is going to stop your new government from following the same course? The constitution as a chain on government has been a failed experiment. Are we supposed to have a revolutionary tax revolt every few decades?
Read some Rothbard. You can even get much of his work free at the Mises Institute - mises.org
James Simmons: If you would have read any of my previous work, and linked in the 2nd and 3rd paragraphs, you would see that I assess Bush as the puppet of the Right hand and Obama as the puppet of the Left hand of one fascist oligarchic political body.
Maybe I will get a life instead of providing detailed research that you won't read... not a bad idea.
Got something to say?
Examiner.com is looking for writers, photographers, and videographers to join the fastest growing group of local insiders. If you are interested in growing your online rep apply to be an Examiner today!