Category Archives: Financial Fraud

Crack Ho Economics

The sweet spike of the latest fix in the form of the trillion dollar Euro bailout has sent the rigged markets to the moon Alice with Monday’s 404 + point jump on the DJIA (Dick Jammed In Ass) although there are already indications that the buzz will be short-lived. The lies, propaganda and shilling to inflate this bailout bubble are losing their effectiveness as is evident by the news this morning that the optimism opium is already starting to wear off. That is, unless your name happens to be JP Morgan Chase or Goldman Sachs whose insiders in the Obama administration continue to ensure that the big wheel of the casino stays rigged and despite the mockery of the show inquisitions going on in Congress that the big kahunas on Wall Street will not only survive the economic crash but will come out bigger and more consolidated than ever. The looting spree goes on despite the fallacious jobs reports that show that the green shoots are turning into the proverbial beanstalks that can be scaled upwards into the clouds to realize the American Dream and the God kissed consumerism that is the crack cocaine to the average shmuck.
The Greek unrest that has been played down by the corporate American media intent on their fixation with who Tiger Woods is poking his weenie into this week or the latest bumbling idiot terror plot that fails miserably is going to spread. There is no bailout that is possible that is going to fix anything as long as the underlying problems do not get addressed, that is of course the financial weapons of mass destruction that are the derivatives. The global financial system has been completely destroyed out of nothing more complcated than good old greed and fraud, it’s just the insanely complicated credit default swaps, synthetic credit default swaps, structured investment vehicles and the rest of the basket of trickery that the snake oil peddlers have constructed to sell to the chumps. At the end of the day what is occurring is no different than the typical shell game or similar carnival style rigged games designed to appeal to the rubes, only this time the rubes number in the millions and sooner or later said rubes are going to finally realize that they have been duped by the gangsters that run their governments.
All hell is already breaking loose in Europe, of course Europeans are vastly more sophisticated than their American counterparts who are largely content to either take the latest hit off of the 50 inch Plasma glass dick and stay blissfully asleep or join up with the idiotic Tea Parties that are solely a construct of the same American looter capitalists (think Dick Armey, Newt Gingrich and the Kochs) and take to the streets enmasse – sooner or later this will evolve into Meskin’ bashing pogroms which is exactly what will trigger the police state measures to prevent any sort of real revolt. Americans live in a fairy tale world built upon comic book history and the buffoons of the Tea Party exemplify us in all of our selfish and willfully ignorant glory, in a true historical context the morons are out there raising cain in support of the British monarchy but any sort an attempt to reason with the dolts is as worthless as casting pearls before swine, but more on that later.
Anyway, the 1000 point plunge in the DJIA last Thursday that was blamed on a “fat finger” is just another example of the ability of the American masses of asses to gobble down the media produced bullshit biscuits and then beg for more. The Plunge Protection Team saved the day last week preventing a serious market correction and the Eurozone bailout package was hastily arranged over the weekend just in time for Monday’s opening of the Ponzi markets. Today it is already waning, there is no amount of money that can fix this fiasco. Europe is going to erupt into open revolt soon enough, America won’t but one sure bet in this era of irresponsible gambling is that there will be a false flag terror event that works that can be blamed on some swarthy Arab and that will provide cover for the looters, like when the phony terrorists blew the roof in Die Hard.
Just my two cents
EE
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Eichmann’s Widgets

It was Colder than a witch’s tit here again this morning on the Suncoast. Another day of record cold temperatures, there is ice on the windows again, the local crops are about halfway to fucked which will result in rising food prices and according to the scum and swine at Progress Energy the resultant heat usage is putting a strain on their capability to deliver power consistently. In these bitter days of Florida winter there is nothing quite like venturing out into it to grab the morning paper and reading something like this.

Freezing temperatures push Tampa Bay power demand to record

Progress Energy Florida issued a public plea just after 5:30 a.m. — amid hot showers, lights flipping on and heaters revving up — asking customers to avoid, say, starting a load of laundry.

The rare request — the company’s first in 21 years — shielded customers from rolling blackouts as the entire state got close enough to its electrical capacity to trigger the advisory.

Capacity is important because electricity generally can’t be stored. It must be made when it’s needed.

Morning demand that hit more than 52,000 megawatts in an hour pushed Florida within about 2,000 megawatts of its required reserve, said Sarah Rogers, president of the Florida Reliability Coordinating Council, which helps utilities manage peak times.

The state’s last peak demand record was set in summer 2007. It hit new records on Thursday, Sunday and Monday morning. The 52,000 megawatts is 11 percent higher than the 2007 record.

Two factors conspired to push demand to the brink of blackouts: the length of the chill, and the way we heat our buildings.

Most people are willing to tough out a few cold days, Rogers said. But as the discomfort stretches on, they break down — and turn up the heat.

Meanwhile, electric heat pumps we rely on in Florida work with great efficiency. Until it freezes. Then backup heating kicks in, so-called “strip” or “resistance” heat that draws far more power. When temperatures at last drive us to touch the thermostat, that’s when systems work worst.

Power companies’ goal is enough power generation for peak demand. Other times, they can sell the excess.

Note the line that I highlighted and this sums up the whole sordid piece, the bastards profits are being threatened! Interestingly enough simply because I don’t believe in coincidence theories there was a hearing yesterday where Progress Energy’s rate hike what was being jammed down our throats was at least temporarily reigned in with their blessed profits being capped. Which gets to the larger problem in that essential services should NEVER be for profit enterprises, there was a law at one time, The Public Utility Holding Company Act of 1935 that put the shackles on the parasitical scum like Enron’s predecessors but Daddy Bush did away with that one back in 1992 before he slithered out of the White House. So now we are at the mercy of pigs who have no qualms about homeless elderly and children freezing to death in the streets just as long as their precious returns keep growing which is a particular problem with this bastardized form of American Capitalism, it MUST keep growing forever but like all cancers it is terminal.
It is grossly immoral what is happening in this country in 2010, after OBushma’s bankster bail outs and the coming forced purchase of shitty, overpriced health insurance from the penultimate bloodsuckers in the insurance industry what we have here is an economic system that creates nothing other than misery and then profits off of the suffering of the powerless (which means just about all of us who don’t have political connections) to drive up the phony, manipulated markets. Today’s CEO’s and other corporate bean counters, hacks and shills have reduced every damned thing to profit and productivity is just another word for slavery in Gulag America. Rather than get into the entire sordid history of how this all happened other than to say it has gone on for decades and the money pumped into brainwashing scared little sheep Americans into being happy consumers and chasing after that which can never be attained has been masterful, shit salespeople from Dale Carnegie to Ayn Rand to Ronald Reagan to Gordon Gekko to Jim Cramer to Obama himself have all played a part in the ransacking of the American worker. Personally I liken the institutionalized behavior of the looters to that of Nazi war criminal Adolf Eichmann who like modern America’s corporate overclass was obsessed with production, it’s just that in his case the widgets happened to be Jews who were gassed and incinerated instead of sales figures on say megawatts to pizzas to porn videos. By accounts Eichmann was more of a bureaucrat than a raving anti-Semitic ideologue and by fucking God he was going to make his numbers! The term for this man was the banality of evil which I believe can be attributed to Hannah Arendt and is applicable to the corporate rulers of this lemming colony today.
But I digress…
What is encouraging (although dismaying in that it is misdirected) is that many Americans are at the boiling point and are finally starting to get what the late George Carlin was trying to say in his career capping rant on who really owns America:

Forget the politicians. They’re irrelevant. The politicians are put there to give you the idea that you have freedom of choice. You don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own and control the corporations. They’ve long since bought and paid for the Senate, the Congress, the state houses, the city halls. They’ve got the judges in their back pockets. They own all the big media companies so they control just about all of the news and information you get to hear. They got you by the balls!

They spend billions of dollars every year lobbying. Lobbying to get what they want. Well, we know what they want. They want more for themselves and less for everybody else. But I’ll tell you what they don’t want. They don’t want a population of citizens capable of critical thinking. They don’t well-informed, well-educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. That’s against their interest. That’s right.

You know something? They don’t want people who are smart enough sitting around the kitchen table to figure out they’re getting fucked by a system that threw them overboard thirty fucking years ago. They don’t want that. You know what they want? They want obedient workers. Obedient workers. People who are just smart enough to run the machines and do the paper work, and just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and the vanishing pension that disappears the minute you go to collect it.

And now they’re coming for your Social Security money. They want your fucking retirement money. They want it back, so they can give it to their criminal friends on Wall Street. And you know something? They’ll get it. They’ll get it all from you sooner or later. Because they own this fucking place. It’s a big club… and you ain’t in it. You and I are not in the big club.

By the way, it’s the same big club they use to beat you over the head with all day long when they tell you what to believe. All day long, beating you over the head in their media telling you what to believe, what to think and what to buy.

The table is tilted folks. The game is rigged. And nobody seems to notice. Nobody seems to care. Good, honest, hard working people. Blue collar, white collar, doesn’t matter what color shirt you have on. Good honest hard working people continue… these are people of modest means… continue to elect these rich cocksuckers who don’t give a fuck about them. They don’t give a fuck about you. They don’t give a fuck about you. They don’t care about you. At all. At all. At all. And nobody seems to notice. And nobody seems to care.

That’s what the owners count on, the fact that Americans will remain wilfully ignorant about the big red, white and blue dick that is being shoved up their ass every day. Because the owners know the truth. It’s called the American Dream because you have to be asleep to believe it.

Here is some thinking outside the box when it comes to the financial criminals and Wall Street pigs, I heard some guy on a radio show awhile back (perhaps it was the Lynn Samuels Show) musing about how he had just seen Tarantino’s Inglourious Basterds and that our financial terrorists should be treated as the Nazi victims of the Basterds were (at least the ones they didn’t scalp), swastikas were carved onto their foreheads so that when the war was over EVERYONE would know that they were once Hitler’s little winged monkeys once they took off the uniform, the caller suggested that perhaps it would be justice if $ signs were similarly carved into the heads of the looters. Now not that I would ever do such a thing or even advocate it but you have to admit, it’s thinking outside of the box like that that could bring America back from the toilet. And I would like to know who the vermin who put it there are once this catastrophe is over, they can start with the top pricks over at Progress Energy if there is a blackout like the terrorists are threatening.
Just my two cents over the morning cup o’ joe
EE

The Cherry On Top of the 2009 Shit Cake


Sweet Jesus, could the bankster’s hostile takeover be any more blatant than this? The national ‘news’ rag Time Magazine has chosen Mr. Green Shoots himself as the 2009 Man of the Year. Helicopter Ben will join such luminaries who were previously honored by Time as Adolf Hitler, Joe Stalin, the Ayatollah Khomeini and George W. Bush. One must marvel at the sheer lunacy and corruption that has overtaken America in the first decade of this foulest of centuries, that this financial terrorist is now being lionized in phase two of the greatest propaganda campaign since General Petraeus’s SURGE shows the utter lack of regard that the ruling oligarchy has towards us peasants. Shit, why not just feature Lloyd Blankfein or Wall Street water carrier Tim Geithner?

It is notable that Mr. Barack Obama did not adorn the cover, then again he isn’t up for Senate confirmation for a second term. The Senate along with the dirty little vermin Lieberman will surely enthrone King Ben now that they have finished dismantling any hope of health care reform and thrown the full force of the state behind the insurance vampires. While there is some opposition to Helicopter Ben’s ongoing reign of terror and 24/7/365 counterfeiting it is largely going to be swept away, you know that the deal is done when an unprincipled showboat like John McCain is making noises about Benanke, the penultimate liar, cheat and political con artist whose desperation nearly single handedly created the Frankenstein monster that is Sarah Palin has never met an opportunity to sleazily hijack an issue for political gain and opposing Ben (d’over) Bernanke is yet another of those times for Mr. Keating Five.

Anyway, the Time puff piece should serve as notice to all who are awake that the dollar crash is coming and that soon it is going to take the proverbial wheelbarrow full of Reichmarks to buy a bag of potato chips so start stocking your pantries with non-perishible food items, buy ammo like there is no tomorrow and prepare to hunker down for the day when the shit hits the fan, the bailout bubble bursts and the rabble is in the streets like zombies from some B horror flick looking to eat. Hyperinflation is coming as surely as the jobs aren’t coming back all thanks to the Man of the Year.

The Cherry On Top of the 2009 Shit Cake

Sweet Jesus, could the bankster’s hostile takeover be any more blatant than this? The national ‘news’ rag Time Magazine has chosen Mr. Green Shoots himself as the 2009 Man of the Year. Helicopter Ben will join such luminaries who were previously honored by Time as Adolf Hitler, Joe Stalin, the Ayatollah Khomeini and George W. Bush. One must marvel at the sheer lunacy and corruption that has overtaken America in the first decade of this foulest of centuries, that this financial terrorist is now being lionized in phase two of the greatest propaganda campaign since General Petraeus’s SURGE shows the utter lack of regard that the ruling oligarchy has towards us peasants. Shit, why not just feature Lloyd Blankfein or Wall Street water carrier Tim Geithner?

It is notable that Mr. Barack Obama did not adorn the cover, then again he isn’t up for Senate confirmation for a second term. The Senate along with the dirty little vermin Lieberman will surely enthrone King Ben now that they have finished dismantling any hope of health care reform and thrown the full force of the state behind the insurance vampires. While there is some opposition to Helicopter Ben’s ongoing reign of terror and 24/7/365 counterfeiting it is largely going to be swept away, you know that the deal is done when an unprincipled showboat like John McCain is making noises about Benanke, the penultimate liar, cheat and political con artist whose desperation nearly single handedly created the Frankenstein monster that is Sarah Palin has never met an opportunity to sleazily hijack an issue for political gain and opposing Ben (d’over) Bernanke is yet another of those times for Mr. Keating Five.

Anyway, the Time puff piece should serve as notice to all who are awake that the dollar crash is coming and that soon it is going to take the proverbial wheelbarrow full of Reichmarks to buy a bag of potato chips so start stocking your pantries with non-perishible food items, buy ammo like there is no tomorrow and prepare to hunker down for the day when the shit hits the fan, the bailout bubble bursts and the rabble is in the streets like zombies from some B horror flick looking to eat. Hyperinflation is coming as surely as the jobs aren’t coming back all thanks to the Man of the Year.

Just my two cents over the morning cup o’ joe

EE

Main Core, PROMIS and the Shadow Government: 4

For we are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence–on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations.

– President John F. Kennedy


Secrecy is the slayer of liberty, it is the essence of which dictatorships are made, of which free societies are suffocated by and of which people are subjugated by. When that secrecy becomes institutionalized in the most powerful corridors of government then it is only a matter of time until that government becomes a weapon of the powerful to be used against the people. Today, in mid-2009 we here in the United States of America (or at least those of us who are awake) are bearing witness to the last vestiges of a once vibrant democracy slowly strangled to death by a deeply embedded culture of secrecy. There has been a hijacking of the intentions of the founders who envisioned a free people by a corrupt and immoral oligarchy and those who serve it. It is backed by the rise of a high-tech police state built on on our backs and enforced by Big Brother style surveillance, incessant propaganda and the vicious undercurrent of social manipulation in order to sow the seeds of hatred necessary for divisiveness and ignorance that are protection for the gangster state. Our last great leader, President John F. Kennedy once warned of the danger of secrecy in a 1961 speech to the American Newspaper Publishers Association:

The very word “secrecy” is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and to secret proceedings. We decided long ago that the dangers of excessive and unwarranted concealment of pertinent facts far outweighed the dangers which are cited to justify it. Even today, there is little value in opposing the threat of a closed society by imitating its arbitrary restrictions. Even today, there is little value in insuring the survival of our nation if our traditions do not survive with it. And there is very grave danger that an announced need for increased security will be seized upon by those anxious to expand its meaning to the very limits of official censorship and concealment. That I do not intend to permit to the extent that it is in my control. And no official of my Administration, whether his rank is high or low, civilian or military, should interpret my words here tonight as an excuse to censor the news, to stifle dissent, to cover up our mistakes or to withhold from the press and the public the facts they deserve to know.

Contrast those words with the acts of the government today, and of the government and of its agents (both official and clandestine) since Kennedy’s public brutal murder in Dealey Plaza which served as a crystal clear message to all that if he could be executed publicly in such a manner that nobody was safe. In the subsequent administrations following that of JFK’s, the power of the state was slowly, incrementally increased so as to not alarm a somnolent citizenry. The rise of the authoritarian fascists who now are at the very pinnacle of their meticulously planned police state did not occur either quickly or without warning, it has been a well thought out, intricately constructed plan that has succeeded largely due to the immersion of official business in a cloud of secrecy.

The early days were largely the work of a small cabal, a few rogue networks run by the real owners of America to implement a system that would serve their interests alone and to brutally put down challenges. They would count on the ability of the media and the lies to anesthetize the public at large, amuse them, distract them with emotional appeals, ball games, contests and triviality to provide distractions and to remove the necessary civic involvement for democracy to exist. Today, as we stumble about in a fog amidst the wreckage of the Bush years, the trap is almost closed, facilitated by that holiest of holies that is 9/11, jusfification for everything.

Our newly minted Emperor Barack Obama has continued the repressive policies of the post 9/11 fascist state. Our bondage is now sold to us by a charismatic pitchman with the gleaming smile instead of a sneer, the iron fist is covered by a velvet glove. Obama is the bookend to JFK, the flipside of the coin, most of the dirty work has already been done and he will close the deal now that the hostile takeover has been completed. He will now carry out the policies of war, oppression, debt slavery and be a guardian of the oligarchy. Change has indeed come to America, we are now a lawless, modern feudal state ruled by corporations, banks, arms manufacturers, extortionists, gangsters and corrupted politicians who are protected by paramiltary police forces and a media that no longer even pretends to tell the truth.

This is the story of the Octopus…


I: Cabazon

I am going to begin this installment where I left off with part three , the story of the strange dealings and murders at the Cabazon Indian Reservation in the California desert. Emmy award winning investigative reporter Nathan Baca of KESQ, a Palm Springs television station has just come out with his latest installment in the excellent series The Octopus Murders. The series developed out of a Riverside County Sheriff’s Department cold case squad investigation into the 1981 execution style murders of three people in a Rancho Mirage home and the swirling dark dealings that have been associated with those murders. Cabazon Indian tribe Vice Chairman Fred Alvarez had grown suspicious of shadowy government operatives and arms dealers using the reservation as a testing and development ground from which to profit through the supply of weapons to third world regimes, the type of countries in which the U.S. funded vicious thugs, death squads, assassinations, black ops and in which the American intelligence services such as the CIA played a hand in training the torturers and killers. The recent Honduran coup and the revelations that some of the leaders received training at Fort Benning’s notoriously vile School of the Americas puts this sort of destabilization (which was especially in vogue during the era of Ronald Reagan and George H.W. Bush) back into the headlines albeit several layers below the ongoing Michael Jackson saturation coverage.

Fred Alvarez was going to blow the whistle on how Cabazon sovereign land was being used for nefarious purposes by national security state operatives and the contracting outfits (CIA fronts?) Wackenhut Corporation and Meridian Arms Company. When interests of this nature are threatened there is a long history of the ‘meddlers’ ending up dead (typically suicides, accidents or ‘heart attacks’) but the chances of Alvarez blowing up this particular operation which would prove to be huge and multi-faceted, a veritable nexus of clandestine activity during the Reagan years had to be halted with extreme prejudice. So on July 1, 1981 Alvarez along with two friends who happened to be in the wrong place at the wrong time were professionally executed. The names of the other victims were Patty Castro and Ralph Boger, just collateral damage to the ice cold killers, professionals when it came to protecting the interests of those they were hired by. But sometimes things like this come back to haunt, Mr. Boger’s daughter, Rachel Begley has tirelessly investigated the murder of her father (her website is Desertfae and she also maintains The Octopus Wiki) and the cold case investigation had worked it’s way through the system to the California Department of Justice – where it is now effectively stalled. These murders are the key to a dangerous Pandora’s box that if opened would implicate numerous top political figures, expose the way that the deep state really operates and offer a true glimpse behind the star spangled façade of false morality that America exists behind. It would also show that the PROMIS software, the legendary, highly advanced program that has been integral in the formation of the police state infrastructure was modified for espionage and profit on Cabazon Indian land. To say that this is the story of the century is not mere hyperbole, the trail of dead bodies over the years can attest to that and it is time that it be told.

Joseph Daniel Casolaro 1947-1991
II: Danny Casolaro and the Octopus

How much violence was there in Nazi Germany…before the old Germany, the center of theatre, opera, philosophy, poetry, psychology and medicine was destroyed? How many incidents took place that were not coincidental before it was called Fascism? What were the transitions? How many people? Was it when the first tailor disappeared? Or librarian? Or professor? Or when the first press was closed or the first song eliminated? Or when the first political science teacher was killed coming home on his bike? How many incidents happened that were perfectly normal until people woke up and said, ‘Hey, we’re in a police state!’

-Mae Brussell


According to the book The Octopus: Secret Government and the Death of Danny Casolaro by Kenn Thomas and Jim Keith casolaro had identified a core group of individuals operating within the national security apparatus and their influence in post WW II political history:

When it comes to the mysterious deaths related to this story, free lance investigative journalist Danny Casolaro, who was ‘suicided’ in a Martinsburg, West Virginia hotel room in August 1991 is the most notable for he was getting close to the truth. His body was found by a maid in the bathtub in a grisly blood-spattered bathroom, his wrists had been deeply slashed numerous times. In what is a discernable pattern, many of those who threaten the hidden power are found in hotel rooms, allegedly the victims of suicides even though as in Casolaro’s case the victim did not appear to friends, family and associates as being despondent or otherwise suicidal. In his case it was quite the opposite, Casolaro had been devoted to an investigation into a covert network of spooks, criminals and government officials that he had called ‘The Octopus.’ He had been working on a book and according to sources, had gone to West Virginia in pursuit of a final piece of evidence that would break the case. His files, which he carried everywhere, were missing when his body was discovered. Adding to the suspicious circumstances, the room where he was found was professionally cleaned preventing further investigation and the body was illegally embalmed before the family could claim his remains.

Casolaro had been putting together connections involving some of the most critical and dangerous elements of the deep state and he was threatening powerful interests. He had traced an ‘dirty old boy’ network of the OSS/CIA that had gotten together for profit in the aftermath of WW II. That critical period for the U.S. presented an unprecedented opportunity for some to profit from the military industrial complex (which has never been dismantled despite the ominous warnings from President Eisenhower in his farewell address) and the wave of anti-communist paranoia that would be used in order to justify the most extreme and immoral conduct by elements connected to the U.S. Government.

It is well documented that the CIA assimilated former Nazi war criminals into the ranks ostensibly to be used in the fight against the red menace but many of the scientists ended up participating in the darkest forms of research involving mind control techniques and the evolution of the American space/defense sector where they worked on weaponry. Rescued Nazis were also sent to South America where they would assist in supporting right-wing regimes to against the rise of popular movements that could threaten western business interests. In addition to the merger with some of the most foul remnants of Hitler’s Reich such as the Gehlen Org, the bogeyman of an international communist conspiracy also gave rise to networks of money laundering, drug trafficking and arms dealings that would make the business of the warfare state into a very lucrative trade. Corrupt insiders were able to play both ends against the middle and had no qualms about cutting deals with some of the most unsavory and violent types.
But I am getting ahead of myself so I digress…

Danny Casolaro had been able to find a common denominator, a thread that ran through some of the most prevalent schemes and scandals of the time. Iran-Contra, Reagan’s secret wars in Latin America, BCCI, The October Surprise, the INSLAW case and PROMIS and was set to visit Indio California and the Cabazon reservation. He was onto something and it was big enough to put the fear into some very serious people. Not only was he investigating ties between global arms dealers and government operatives tied to Iran-Contra (one of the greatest scandals of the 20th century in both audacity and magnitude one which is still not completely understood) but the very ascension of Reagan to the presidency (along with the true power that was George H.W. Bush) which was facilitated when a deal was cut to prolong the Iran hostage crisis until after Jimmy Carter was defeated. This is high treason of course, something that the Bushes and their ilk are intimately familiar with but the manipulation of the 1980 election could be viewed as a bloodless coup in that it brought the shadow government into the White House itself. Now another person of interest involved in the Iran hostages deal includes a figure named Earl Brian, an intimate of Reagan who was in on the Paris sessions to delay hostage release for political benefit. For a payment he was allegedly allowed to profit from the sale of the stolen version of INSLAW’s PROMIS software.

Brian’s Hadron Inc, in which he was allied with longtime Reagan crony Edwin Meese would be instrumental in the misappropriation, modification and subsequent sale of PROMIS to foreign governments. The entire sordid business of what was done is a proverbial snakepit without a bottom and it taps into many elements of the vast criminality that had infected the system. There is a very good reason for the trail of dead bodies (including Casolaro), wrecked careers, ginned up charges leading to imprisonment and disinformation that has orbited the PROMIS scandal.

The foreign governments included Israel which now has a massive intelligence and telecommunications infrastructure in place in the United States and it’s all legitimate. I am not going to get into this right now but for the sake of reference please see the following pieces by Gordon Thomas on PROMIS and the Mossad, Christopher Ketcham (whose article The Last Roundup was instumental in breaking the news on the Main Core database) on the ongoing programs of Israeli espionage – Trojan Horse and Breaking the Taboo on Israel’s Spying Efforts in the United States) as well as the following from James Bamford (author of The Shadow Factory) – a Democracy Now interview and the Haaretz article on Bamford Is Israel’s booming high-tech industry a branch of the Mossad?. It is no secret that Israel plays a major part in the PROMIS saga and that will be covered in the next part of this series in more depth.

Again, PROMIS plays an integral part in the subversion of the system itself in order to allow the relatively few with juice who are connected to profit obscenely due to its at the time highly advanced technological capabilities to implement it as a tool of control in order to engage in monitoring and spying on potential threats. In part one of this series I mentioned that according to a Wired Magazine piece entitled The INSLAW Octopus that none other than rogue Colonel Oliver North was using the PROMIS software to support his extra constitutional programs like REX 84:

Casolaro had been concentrating on the INSLAW case around the time of his demise. He had been receiving information from insiders within the intelligence community that would bring to light the use of PROMIS by the government. One source was a civilian employee of the NSA named Alan Standorf whose body was found in the back seat of his car in an airport parking lot, it was set up to look like he was the victim of a robbery. Sources say that he may have been providing Casolaro with proof that the NSA was using PROMIS but as with so many others who crossed paths with The Octopus he became collateral damage.

As to who ‘suicided’ Danny Casolaro and most importantly why, there may never be an answer. Casolaro had his fingers in too many pies and the nexus of evil that he was untangling was just too huge for the investigation to have ended any way but badly for him.

Lt. Col. Oliver North also may have been using the program. According to several intelligence community sources, PROMIS was in use at a 6,100-square-foot command center built on the sixth floor of the Justice Department. According to both a contractor who helped design the center and information disclosed during the Iran-Contra hearings, Oliver North had a similar, but smaller, White House operations room that was connected by computer link to the DOJ’s command center.

Using the computers in his command center, North tracked dissidents and potential troublemakers within the United States as part of a domestic emergency preparedness program, commissioned under Reagan’s Federal Emergency Management Agency (FEMA), according to sources and published reports. Using PROMIS, sources point out, North could have drawn up lists of anyone ever arrested for a political protest, for example, or anyone who had ever refused to pay their taxes. Compared to PROMIS, Richard Nixon’s enemies list or Sen. Joe McCarthy’s blacklist look downright crude. This operation was so sensitive that when Rep. Jack Brooks asked North about it during the Iran-Contra hearings, the hearing was immediately suspended pending an executive (secret) conference. When the hearings were reconvened, the issue of North’s FEMA dealings was dropped.

III: Common Threads

When researching the shadow government or Deep State it is amazing how so many of the same names keep popping up. One of those names belongs to Robert Booth Nichols, a longtime player who was recently back in the news. Mr. Nichols, who died under strange circumstances back in February was involved with the current financial crisis through Sam Israel, one of the thousands of Bernie Madoffs that have been using intricately structured financial instruments, shady hedge funds and offshore banking to destabilize America from within as though it were just another banana republic. The opaque, above the law, rigged games that have brought the country to the brink of ruination for the benefit of a corrupt oligarchy have working blueprints in CIA/shadow government fronts of the past such as BCCI and the Nugan Hand Bank and there is no reliable way of knowing just how much of the finance, insurance and real estate (F.I.R.E.) economy is derived from such shady organizations.

I would strongly suspect that the amount of money laundering, involvement with organized crime, narcotics and weapons dealing that is being currently conducted is stunning. Only the recent high profile cases like that of Alan Stanford who has been tied to such dirty activities as well as Madoff and Israel get the attention but they are the proverbial tip of the iceberg. Without digressing too much I just want to point out that much of the post WW II intelligence apparatus including the cowboys who were at the heart of the original Octopus were directly tied to the Eastern establishment, Skull and Bones types from which the OSS/CIA was comprised of. This being said, it is only natural that such grand scale financial chicanery and speculation has come to dominate both the U.S. economy as well as the government itself which is so thoroughly intertwined with the pirates that the schemes of the Wall Street high rollers are preserved at the expense of the millions of lesser beings whose lives are being destroyed by the ongoing greed and the subsidizing of such by a system gone cancerous.

Now back to Robert Booth Nichols who prior to his death was involved in a complex financial scheme with Samuel Israel and Bayou Investments involving a fee of $10 million to be paid to Nichols for services rendered for assistance in the locating of a mysterious $250 billion U.S. treasury note that is secured by 2,500 metric tons of gold that sits in the Atlanta Federal Reserve. Israel, who after being convicted for large scale financial fraud faked his own suicide, allegedly jumping off of a bridge and leaving on the hood of his SUV traced in dust the words “Suicide is Painless” never was able to obtain the T-Note (which was sitting in a London Safe Deposit Company and has been seized) subsequently sued Nichols for get this, cheating him. Now here is the kicker, according to papers filed by Nichols the transaction was conducted under the premise of “matters of national interest” and according to a Bloomberg story (Bayou’s Israel Was Cheated in Scam Investigator Says) was vouched for by a member of the Bush family, John P. Ellis whose previous claim to fame was calling the rigged 2000 election for George W. Bush while working for FOX News. When doing an objective review of the myriad scandals and dirty deeds in America over the past 50 or so years it is astounding just how many times that a member of the Bush crime family is involved but more on them later.

Now what is of greater interest pertaining to Nichols is that he was deeply involved in the Cabazon Reservation activities as well as tied in to Danny Casolaro’s doomed investigation of The Octopus. Nichols had contributed much to Casolaro and he had previously worked as a partner of political prisoner Michael Riconosciuto on projects on weapons development at the Cabazon Indian Reservation and the ongoing activities there through the company Meridian Arms.

Riconosciuto was the technical wizard who performed the alteration of the PROMIS software on the reservation to include the “back door” feature that would go on to figure so prominently in the espionage activities that it was later used for – political and financial. With the activities at the reservation including weapons development, training of paramilitaries and money laundering it was a veritable spook nest and the use of sovereign Indian lands for unauthorized purposes is something that needs to be seriously investigated. Author Joel Bainerman, in his book The Crimes of a President referred to the reservation as a “CIA cutout”, with the revelations in Baca’s KESQ series that three other local Indian tribes were also being investigated in the Alvarez murders and the weapons testing activities at the Cabazon reservation the question is to what extent has this sort of piggybacking of black ops on sovereign land existed throughout the and for how long.

With Nichols being a connected guy he would be a hugely important source for Casolaro, or was he a disinformation agent? According to sources, Nichols and Casolaro spoke often and at length in the month before Casolaro’s demise. Nichols, it must be noted also allegedly had organized crime ties to the Gambino crime family as well as to the Japanese Yakuza. It has already been established that the CIA and Shadow Government had regularly worked with organized crime figures (see Operation Underworld) including those who had been burned by Castro’s takeover of Cuba. Again, the war against communism, Cuba in this case provided blanket justification for lawlessness, nefarious alliances and the deviation from accepted American ideals.With Nazi war criminals already on board with the CIA, ties with The Syndicate were consistent with the pattern. In this context, the question must be asked regarding Robert Booth Nichols and whether he was sanctioned as a contact with the organized crime elements on behalf of the establishment. It should be recognized that the mob played a part in forging the political careers of many an influential U.S. figures, Ronald Reagan and Richard M. Nixon to name a few. and, it would be naïve to not believe that many of our elected representatives are not just as much in the pockets of organized crime as they are with other interests that threaten the system as a whole. (I would recommend this piece as food for thought as it references a current influential politican who has been a party to much of the overt criminality of the past several years, primarily as an accomplice).

The presence of Robert Booth Nichols in the milieu surrounding Casolaro’s research as well as with Bayou Investments and the $250 billion treasury note is just another example of the interconnectivity between the underworld and the overworld. The financial aspects of this cannot be downplayed in the wake of the global meltdown that is largely due to the shadow banking system comprised of offshore banks largely exempt from U.S. laws, money laundering, pools of black money, narcotics/weapons dealing profits and speculative finance that have been a permanent fixture of the oligarchy’s financial matrix. Any legitimate investigation of power in the U.S. must include an analysis of intricate financial institutions, layered in Enron style subversion and patterned after CIA/Wall Street front companies expressly created for the purpose of funding off the books operations.
IV: Tentacles of the Octopus

“We will know that we have succeeded when everything the public believes is false.”

– William J. Casey

It must be understood that there has always been a powerful segment of this country that has been enamored with fascism as the perfect sort of government that would support the long-term evolution of capitalism itself. Fortune Magazine once featured a fawning cover story extolling the virtues of Benito Mussolini’s corporatist/fascist state in pre-WW II Italy and even Hitler had ardent admirers in America. It cannot be emphasized strongly enough that the precursors to today’s Wall Street ruling elite were perfectly willing to do business with the Nazi regime as long as it was in their short term financial interests to do so. Let me be emphatic that this is NOT an attack on capitalism itself but rather on those who are able to use the system to advance their interests and agendas and to destroy any and all impediments and obstacles. I would like to opine that the system is fatally flawed and like communism, contains the seeds of its own demise, what is going on right now is a testament to that.

In order for the bastardized form of capitalism that exists today (largely through the machinations of those that I am addressing in this section) to continue to evolve it mush become much more authoritarian in nature, the early forms of fascism are too ostentatious for the more sophisticated era in which we now live so we need to look more to China as the current role model. For profit prisons, all encompassing surveillance, a militarized police state, compromised courts and above all the possibility of disappearance into a gulag system with no trial and the nearly codified indefinite detention along with torture must be a tool for which to exercise control over the dissenters and the rabble.

The conditions for the creation of the Octopus, or as Colonel L. Fletcher Prouty would refer to it, a Secret Team were set into motion with Harry S. Truman’s much maligned creation of the National Security State with the signing into law of the National Security Act of 1947. This set into up the post WW II world and allowed for the use of the intelligence services to be used to perpetuate their wartime stance into a permanent fixture of U.S. policy. The act also created the CIA although its original mandate would be expanded to include the anti-democratic functions that it has since become known for. In creating the CIA, the successor of the wartime Office of Strategic Services (OSS) there would be no end to the warfare state, only a redirection into clandestine and covert activities that would include destabilization of governments deemed ‘unfriendly’ to U.S. interests, propaganda, sabotage, training and support of paramilitary forces and above all snooping.

Being that the OSS largely grew out of the Eastern Establishment and the Skull and Bones types (from which it drew recruits) it would naturally serve the interests of Wall Street finance oligarchs, corporations, industrialists, oil barons and other moguls.It would also due to the very nature of secrecy under which it existed be a fertile ground for rogue elements, private CIA’s within the CIA so to speak.
I do want to state that the CIA is far from the only U.S. intelligence agency, there are many and too often they are lumped in with the CIA as it is the most prominent. There are at least sixteen separate intelligence agencies and those are only the ones that we know about and there is often collaboration with foreign intelligence to circumvent laws and ensure plausible deniability. The CIA though is unique in that it was created to serve as an enforcement arm for the Wall Street elite and the money power, its primary obligation is not to the United States itself but that element that exists in the shadows. I recommend reading: How the CIA Created a Ruling, Corporate Overclass in America for some very good examples.

The Wall Street cultivated OSSwas established in 1942 by the hated Franklin D. Roosevelt, a man whom the financial elite once tried to overthrow(see the Business Plot) to consolidate intelligence during the war. William ‘Wild Bill’ Donovan, a powerful member of the Eastern Establishment and a Wall Street lawyer would head it up. Other OSS luminaries with elite pedigrees would include Allen Dulles (of firm Sullivan and Cromwell, another Wall Street business that didn’t shy away from doing business with the Nazis) who would go on to play an integral role in the CIA as it developed. Dulles would be a key force in Operation Paperclip, the assimilation of Third Reich refugee war criminals into the CIA and sciences where their Nazi experience could be drawn upon to serve what would one day become The Homeland. Dulles, who would later become head of the CIA was unceremoniously forced out after the botched Bay of Pigs invasion by John F. Kennedy who was sufficiently aware of the dirty deeds of America’s unofficial terrorist organization would threaten to “splinter the CIA into a thousand pieces and scatter it to the winds”. The accompanying blowback took care of Kennedy and in what should go down as one of the greatest conflicts of interest in American history Allan Dulles would go on to become a member of the Warren Commission ‘investigating’ the assassination and coming up with the crazed lone gunman conclusion.

It also should be recognized that the fight against Fidel Castro for his takeover and subsequent nationalization of Cuba’s resources as well as property ‘owned’ by U.S. interests including that of organized crime figures who operated casinos out of Havana represented opportunity. With the common interests of both the mob and U.S. oligarchs threatened it would provide a good excuse for the for the CIA and mob to join forces against Castro. The precedent for alliances with organized crime had already been set during the war and the CIA would welcome with open arms such notorious mobsters as Johnny Roselli, Sam Giancana, Carlos Marcello, Santos Trafficante, Charles ‘Lucky’ Luciano and Meyer Lansky brokered by veteran operative Robert Maheu who would later go on to work for Howard Hughes in Las Vegas. The joint venture against Castro would allow the mob to get the proverbial camel’s nose under the tent with certain elements of the government and very likely would lead back to domestic black operations associated with the JFK assassination.

Now let me make it clear that I personally have an attitude of ambivalence towards mob and organized crime in general, it’s just another line of work as far as I am concerned. So with that out of the way what I do have a problem with are government bureaucrats, U.S. military and intelligence and elected officials crossing the line into where they become gangsters themselves by working with organized crime. This is a very important aspect in what has gone seriously wrong in America post WW II in that the lines were not only blurred but the shadow government and the mob (as well as international organized crime syndicates) actively joined forces, knowingly and willingly for an agenda that ran counter to long term American interests and the CIA was responsible for allowing this to happen.

But I digress….

The OSS was also a breeding ground for virulent right-wingers, military men and dyed in the wool fascists with axes to grind against the communist devils. One of these men was General Edward Lansdale, a serious reactionary who was involved in anti-Castro plotting and allegedly, according to some, notably L. Fletcher Prouty was in Dallas on the day of the Kennedy assassination (as were others including Richard M. Nixon and George H.W. Bush but more on that in the next section) where he was allegedly seen in the vicinity of the ‘three tramps’. Other prominent spooks from the OSS would include future CIA chiefs William Colby (also of the Phoenix Program) and William Casey whose tenure under Reagan would occur during the Iran-Contra period and intersect with the PROMIS software ordeal.

General Lansdale, as legend has it, was involved with gold taken from vanquished WW II enemies (see Yamashita’s Gold) and using it to provide funding for black operations. The illegal narcotics trade would also prove to be a useful source in providing operational money for secret wars and off the books operations. Lansdale’s work against the Castro regime would bring him into contact with Theodore Shackley aka The Blond Ghost out of the Miami JMWAVE headquarters [note that George Bush’s Zapata Corporation also allegedly had ties to this operation, likely a CIA front]. Ted Shackley would go on to turn up in an astounding number of scandals and shadow government operations over the years. Shackley was identified by Danny Casolaro as a part of the dirty old boy network that would become The Octopus so keep that in mind. When the work against Cuba was no longer a top priority with the Vietnam War ratcheting up, Shackley was sent to Southeast Asia where he was involved along with other anti-Castro operatives namely Felix Rodriguez, Thomas Clines and Edwin Wilson (among others) in CIA operations such as the Phoenix Program (note also that the aforementioned Earl Brian who was a benefactor of the illegal sales of PROMIS was associated with this fearsome assassination and torture venture as well), the Secret Team was now up and running in another war zone where their skills could be fully utilized. I also want to note that regarding the anti-Castro operation from which so many of these rogue operators sprang also produced the infamous E. Howard Hunt, a veteran spook who at least according to a deathbed ‘confession’ recording had inside knowledge of the Kennedy assassination (this from a Rolling Stone article The Last Confessions of E. Howard Hunt). Interestingly enough, Hunt would go on to be one of the Watergate burglars who Nixon feared was going to spill his guts about that “Bay of Pigs thing”. Hunt’s wife Dorothy would be killed in a suspicious plane crash which is described in Carl Oglesby’s book The Yankee and Cowboy War in chapter seven which is transcribed here. Hunt, like Shackley was suspected by Casolaro to be a member of The Octopus.

Once in Vietnam, the Shackley operation would draw in the next generation of shadow government figures including Richard Secord, Richard Armitage and Oliver North who would all turn up later during the ongoing operations of “The Enterprise” during Iran-Contra. North and Secord specifically would play key roles, augmented by key neocons within the bureaucracy such as Elliott Abrams, John Negroponte, Michael Ledeen, John Poindexter and most importantly Vice President George Herbert Walker Bush. The Vietnam group that had coalesced around Shackley would also be involved in the Nugan Hand Bank, a conduit for dirty money (drugs, guns) that would be redirected to fund the secret off the books spook wars under the ideological cover of the battle against communist influence. The Nugan Hand Bank operated until 1980 when Frank Nugan, an Australian lawyer with more shady connections than the proverbial switchboard and under investigation for stock fraud was found dead in his Mercedes-Benz, the victim of what appeared to be a self inflicted gunshot wound, his wallet contained the business card of William Colby in his wallet. The other half of Nugan Hand was former Green Beret Michael Jon Hand whose special operations experience allegedly included a good amount of work in the Golden Triangle with the heroin trade. Hand disappeared and was never seen again after Nugan’s death.

The Nugan Hand bank with its extremely high rates of return, tax-free accounts and promises of anonymity was a model that would eventually be replicated and in today’s convoluted morass of offshore banking and fraudulent high finance there are likely thousands of smaller operations, of note is the recent scandal involving high rolling Texan investment guru Alan Stanford and his suspected involvement in money laundering for Mexican drug cartels. The system has become thoroughly polluted, corrupted and rigged in order to benefit the Wall Street oligarchy that was so instrumental in originally setting up the CIA. With the blueprint for such grand scale financial chicanery that was originally a big part of black ops monetary alchemy available and the entire system eventually honeycombed with the sort of illicit, amoral types that were all too willing to grab onto the teats of the anti-communist cash cow. With the Vietnam experience an ugly and tragic blight on the American consciousness, Nixon run out of Washington in disgrace and the ruling establishment hydra reconfiguring itself out of the ashes there would be a haven for The Octopus and its operatives within the shining palace of American renewal that would be erected as a temple for the soon to be annoited savior and heroic all-American warrior king Ronald Reagan.


V: Family Of Secrets

..the Bush Family is so heavily connected and is so interwoven with this systemic fraud, they’re concerned about a cascade effect within the public. They don’t mind if one incident comes out that they can point to it as an isolated incident. What they’re concerned about is the public beginning to understand the level of corruption that exists within all agencies of government and the intricate connection the Bush family has had to this fraud over the decades.

-Al Martin (author of The Conspirators – Secrets of an Iran-Contra Insider)

The involvement of a member of the Bush family, cousin John P. Ellis with Samuel Israel of Bayou Investments and the $250 billion treasury note referenced earlier is a continuation of the amazing and ongoing presence of the Bush dynasty in post WW II America politics. The Bushes are generational scoundrels and have served the most powerful interests of the American oligarchy since the early days of the Twentieth Century. There have been a few excellent books written about the family and of note are Webster Griffin Tarpley’s early and rather lurid tome that is entitled George Bush: The Unauthorized Biography, Kevin Phillips’ American Dynasty and an extremely interesting recent book that has been completely ignored by the corporatist media (other than a few hit pieces) Family Of Secrets by Russ Baker.

The Bush family runs like a poisonous serpent through the recent American history Their deep seated ties to the ruling oligarchy, the Ivy League Eastern Establishment and later the southern fried fascism of big oil, big religion and the sunbelt weapons colossus goes back for several generations. A good resource on the rise of the Bushes would be the aforementioned Kevin Phillips book which lays out the early history of these scoundrels. Further embellishment on the ill gotten gains, murky business dealings and political deviltry of the family can be found in the other two books. The early history of the Bushes is that of patriarchs Samuel P. Bush and the relation to gig oil, steel and munitions during the early period of the American Empire. Sam Bush was a big kahuna for a company called Buckeye Steel Castings, run by members of the Rockefeller family when they were tall in the saddle as some of the nation’s foremost Robber Barons. He would eventually rise to a position of prominence with the War Industries Board as director of the Small Arms, Ammunition and Ordnance Division prior to the U.S. entry into World War I. General Smedley D. Butler was absolutely correct when he famously proclaimed in his seminal tract that War Is A Racket (a statement bordering on heresy in the current militarist America) and it would prove to be a very lucrative one indeed for the Bush Family.

Another early member of the House of Bush was George Herbert Walker ‘Bert’ Bush, a high rolling banking establishment type whose ties to the upper crust of the financial oligarchy, such as the railroad and financial elite Harriman family (Brown Brothers Harriman) would allow for the early fortification of power for the later generations. Bert was a man who was able to parlay his connections and expertise in doing business with Russia and Germany post WW I and he would do much to ensure that Prescott, his son in law would get a primo position on Wall Street, with the lucrative business of the foreign clients who would later go on to infamy after they were armed by the money mongers whose only loyalty was to mammon, not country. It was under the stewardship of Prescott that the Bush family would take a darker turn. As a famous alumnus of the Yale secretive society Skull and Bones Dubya’s grandpa gained notoriety for being one of the Bonesmen who raided the grave of Indian warrior Geronimo and took his skull as a trophy.

It was the Skull and Bones pedigree that punched Prescott Bush’s ticket into the upper echelon of the American fascist club and while I am not going to into these secret societies here, many of which are mischaracterized as being satanic or occult oriented rather than what they truly are which is a bunch of rich pricks determined to keep the game rigged. Skull and Bones is well known for the influential and interconnected members who engage in bizarre initiation rituals and swear allegiance to each other as they work together to ensure that the status quo remains intact. It should be mentioned that both candidates in the 2004 Presidential election, George W. Bush and John Kerry (who ran the Kerry Commission that later would investigate – or as cynics would portend ‘cover up’ allegations of CIA involvement in drug trafficking associated with Iran-Contra) were from Skull and Bones. A look at the roster of alumni from this secret group alone shows the influence of a very small and selective oligarchy in America.

Prescott Bush followed the trajectory of his faulty moral compass (and the call of the fascist elements of his era) to work with Wall Steet interests in helping to build the Nazi war machine, reputedly as a money launderer for Hitler’s murderous regime through the Union Banking Corporation which served German magnate Fritz Thyssen the German industrialist known as “Hitler’s Angel” who was indispensable in providing the financial backing and carried clout that would create what was then the strongest military machine in the world as well as the most bellicose. While the Bush-Nazi links received no attention domestically in our neutered, corporatist media here is an article from The Guardian, How Bush’s grandfather helped Hitler’s rise to power and here is a link to another piece by journalist John Buchanan that is entitled Bush Nazi Link Confirmed that was published in the New Hampshire Gazette. The Nazi skeleton is but one of a great number in the Bush family closets and potentially the most damning of all. The Union Banking Corporation would be shut down by FDR in 1942 under the Trading With the Enemy Act, just another reason for the American fascists to burn for revenge against Roosevelt and fuel the fire for their relentless crusade against New Deal policies that continues to this day.

Prescott Bush went on to be an extremely influential figure in U.S. politics in the post-war era, his son George H.W. Bush would cut his teeth in intelligence, dirty dealing and black ops as a matter of family heritage, the father would pass down the business to his spawn in the truly American fashion. Phillips pegs it dead on here in describing the Bush Crime Family as:

A great family (great as in power, not morality) that has bulit a base over the course of the Twentieth Century in the back corridors of the new military-industrial complex and in close association with the growing intelligence and national security establishment.


The father of the 41st President and the grandfather of the most overtly fascist and recently departed leader in U.S. history, George W. Bush burrowed deeply into the establishment. He became a Senator in 1952 and as legend has it helped to groom Richard M. Nixon for his rise as a tool of the establishment.

Prescott Bush and Dick Nixon

Nixon’s political career was formed by his run for a California Congressional seat where he was backed by big money power (post-WW II fascist elements)against incumbent Jerry Voorhis, a backer of the New Deal and a man who had run afoul of the oligarchy for his opposition to Standard Oil and a secret government drilling contract in the Elk Hills reserve that he had exposed before Congress. Voorhis was a marked man and was challenging Wall Street power at every opportunity, railing agains the “cancerous superstructure of monopolies and cartels”. It was Nixon who would perform the political hit on Voorhis, subjecting him to a withering onlsaught of red baiting propaganda, the sort that would become religion in the U.S. as the war against the unions and the middle class began in earnest. Nixon would later go on to play a big part in the poisonous culture wars that have so ill-served this country and which we can now see the wreckage of in our thoroughly corrupted, diseased political system and the new feudalism as exemplified by the massive redistribution of wealth to reinflate speculative capitalism and the big Wall Street banks.

Russ Baker does some very interesting analysis in his Family Of Secrets, especially in regard to George H.W. Bush (aka Poppy) who appears to have been a member of intelligence dating back to at least the 1950’s instead of when he was formally put in charge of the CIA in 1976. There is the very interesting story that Poppy is ‘unable’ to remember exactly where he was on the day of the JFK assassination (interestingly Nixon was in Dallas that day too) which in and of itself is odd, Baker makes the following statement in an interview:

I am very careful not to speculate. What I do is begin with the curious fact that G.H.W. Bush has said he could not remember where he was on November 22, 1963. That makes him just about the only adult alive at the time who has that memory defect.


Which in and of itself proves nothing but it is very unusual that Mr. Bush would not remember where he was, even more so when considering the existence of a memo from then FBI head J. Edgar Hoover on the Kennedy assassination dated 11/29/63 that specifically mentions a “Mr. George Bush of the Central Intelligence Agency”. Bush and the CIA denied that they were the same person (another George Bush briefly worked for the CIA at the time, perhaps brought in as a cover) but there is the matter of Bush’s company the Zapata Corp. that has been linked to the CIA as a front, according to Baker the CIA helped Bush to establish this company. Note that during the Bay of Pigs, the code name for the invasion was Operation Zapata. During this particular period Bush would become familiar with some of the aforementioned anti-Cuban operatives such as Ted Shackley, E. Howard Hunt, Felix Rodriguez and an interesting figure by the name of Barry Seal. Seal, like many others would eventually turn up again in the milieu of drug dealers, gun runners and black operations that swirled around Iran-Contra when Bush was in the White House as Reagan’s V.P.

George H.W. Bush’s connections to many of the most shadowy figures and operations of the past half century as well as the criminal nature of his entire family make a strong argument that the ongoing destabilization of the United States by fascists has been aided greatly by the Bushes. I don’t have the time to go into every aspect (I’ll save it for the future) but the evolution of the Bush family from well connected servants of the early robber barons, to the arms trade, the Nazis and the smuggled out war criminals who would greatly aid and assimilate themselves into the intelligence services and the war against communism on through the JFK assassination, Vietnam, Iran Contra and ultimately the ruinous eight year reign of the Bush-Cheney regime have been instrumental in the fascist takeover of America.

An interesting footnote is the association of Bush’s son Neil to the brother of John W. Hinkley Jr., the disturbed young man who attempted to kill President Reagan. Neil Bush and Scott Hinkley had dinner plans the night after the botched assassination, interesting bit of happenstance or perhaps a postponement of a celebration? Assassination researcher John Judge made the following comment on this:

They knew each other socially quite well. The press said that they were to have dinner — Scott Hinkley and Neil Bush were to have dinner on March 31 1981. But they cancelled the dinner after the news of the shooting. The press said that that was ironic. It gives a new meaning to the word `irony’. Because if Robert Oswald, Lee Harvey’s older brother and Lynda Bird Johnson were going to have dinner the night of the JFK assassination, somebody would figure out it meant something.

One can never be too suspicious of such sort of things when they involve members of the Bush family. Hinckley the shooter had ties to World Vision, a right-wing organization that allegedly acted as a CIA front run by John W. Hinkley Sr. that worked in Central America. Rumors of mind control (manchurian candidates?) have surfaced in regard to World Vision but whatever activities surround it are like most of our history, concealed behind the veil of secrecy. Some credence can however be given to the CIA’s long history of mind control experiments (MKULTRA), the secret wars waged against leftist governments in the Southern Cone and the really creepy story that Mark David Chapman, the killer of the hated by the establishment John Lennon also had ties to World Vision.

I would strongly encourage everybody who has taken the time to read this to do your own research on the connections between the Bush family and the downward trajectory of this once great country into the fascist gangster state that it has become today and despite the disgraced rule of George W. Bush he was after all able to successfully eviscerate the Constitution during his time in office as well as to put into place the most formidable high-tech police state in the history of mankind. The economy has been destroyed, the privatization projects of the fascists are now a reality and with more states in financial distress along the lines of California there will soon be national fire sales of roads, infrastructure and landmarks to the descendants of the early Robber Barons whose power has been consolidated by insiders such as the Bush family beyond their wildest of dreams. The only things that the United States of America is now capable of producing is death, destruction, financial scams, for profit prisons, paranoia and a massive Big Brother style surveillance and repression apparatus that is the envy of all dictators.

And the Bush family isn’t finished yet, Jeb is coming soon. You can count on it.

Obama and Potemkin America 2009

Conclusion: The Octopus Ascendant

While it initially began with clandestine operations and murky, beneath the surface alliances The Octopus has become the underlying but inextricable operating system for the American capitalist empire as it exists today. It is the very kernal of all that we known and now has gone legit or perhaps more appropriately the system has descended to the level of corruption once the domain of rogue forces within. It has been a long and slow process, layered over the decades as the last vestiges of a free system where liberty is paramount has been leeched out leaving in its place a land that is America in name only, except that shingle has been replaced with one that says Homeland, a fitting legacy for the fascists who used the aftermath of WW II to mount their takeover. Now The Octopus is comprised of much more and it’s gone corporate, ponder how the following tentacles have become interconnected and now dominate our ever declining way of life:

1: Energy and Resources (Soon to include privatized food and water…got money? I sure hope so if you plan on any sort of a continued existence)

2: Banking and Finance (The recent financial crisis has allowed the most powerful of institutions to essentially take over the government so that tax dollars will be directed to shore up their bogus markets and Ponzi schemes)

3: Transportation and Infrastructure (Our airports have already been transformed into Soviet bloc style checkpoints, it’s all a matter of conditioning and time until all freedom of movement has been restricted entirely, the tracking chips are already being successfully sold as prevention against child abduction.)

4: Drugs (Pharmaceuticals are giving narcotics a run for their money and there will be no serious efforts at meaningful reform)

5: Munitons, Military Spending (Oceania always has and always will be at war)

6: Geopolitics (The coups, destabilizations, puppet dictatorships, torture and ethnic cleansings will go on, it’s all business as usual – for an intersting perspective see Tom Hayden’s piece from The Nation entitled Understanding the Long War)

7: Media (Would anything be possible without the wonderful complicity of the media. The CIA had it right with Operation Mockingbird, it would only be further refined over time with the rise of the right-wing, corporatist think tanks, the ginned up attack on the ‘liberal’ media and the rise of cable television, the corporatization and consolidation have built a propaganda machine that not even Goebbels cound have envisioned. The mass hypnosis that has narcotized an entire population through television has been an astounding boon for the fascists.)

8: Intelligence (The ‘terrorist’ attacks of 9/11 have legitimized the ubiquitous surveillance of the American people helped along by the technology of PROMIS and Main Core, our new forms of social control are already being beta tested by American corporations in China. See Naomi Klein’s piece on China’s All-Seeing Eye from Rolling Stone Magazine).

And it’s all tied up in the big, shiny, star-spangled package of EMPIRE.

The Obama administration has been a major disappointment in reigning in any of the power of the fascist state established by his predecessors, I seriously am beginning to think that he doesn’t care, nor do any of the Democrats who triumphantly retook the White House and the Congress – they are the insiders now and they control the cash spigots, and most importantly they have favors to pay back. Americans were promised change, here are a few of the changes that we have received to this point: a continuation of domestic spying, a bailout of the fraudulent financial system of Wall Street speculation, the Federal Reserve creating trillions of dollars out of nothing, apologies for torture (whoops – enhanced interrogation techniques – my bad), the failure to prosecute war criminals, a continuation of anti-labor practices, more secrecy (the suppression of the additonal Abu Ghraib photos), plans to censor the internet, the diabolical conflation of dissenters and extremists (terrorists) by the anti-American Department of Homeland Security and coming soon, the bait and switch of a public health care option that would only allow the filthy scoundrels in the insurance industry and the Wall Street profiteers to further enrich themselves while beggaring the population. And of course there are the wars, dealing in the death and devastation it is far too lucrative of a business to ever abandon and the swords that should long ago have been beaten back into plowshares are being honed to razor sharpness and pointed at the necks of all Americans who chose awareness and enlightenment over denial and acquiescence.

Face it, the same people who once glorified Benito Mussolini on the cover of Fortune Magazine for his wondrous corporatist state have won and we are their subjects, their slaves, their chattel and if you don’t like it you can go and live in a for profit prison or simply disappear without any possiblity of a trial for the rest of your life. As American capitalism and its excesses gradually mutated from the original petri dish of the post World War II era world, the corruption, the greed and the pathological need for the necessary control for it to exist on a grand scale has metastasized to the point where it has consumed all, instead of The Octopus a more fitting metaphor for all that has taken place is the 1950’s science fiction movie The Blob.

What happens now is no longer a matter of simply exposing the elements that set into motion the chain of events that are now reaching critical mass but in waging total war against the entire system itself through acts of civil disobedience and refusal to comply, I would caution those who are instigating for a full blown revolution, the rulers have bigger guns and more money than God, you are but ants to them and you will be squashed if you use violence to rebel. That is the only way that there will be a chance for survival now that the state has been weaponized against the people, equipped with a monstrous high technological surveillance system that morphed out of the theft of the PROMIS software and the police state infrastructure that grew out of the Reagan era programs such as Garden Plot, Cable Splicer and REX 84. The plans for the camps are ready if not the camps themselves…it has become fashionable to demonize those who now speak of them albeit ironic that the loudest of them never uttered a peep when George W. Bush was in charge of generating the pick-up lists.

But for the most part America sleeps. The coronation of Barack Obama, a product, a brand name and a triumph of modern public relations and marketing has provided the soothing balm for the raw sores on backs courtesy of the Bush administration. For a television addicted nation of sheep content to live on the world’s largest lemming farm he is their perfect leader, a reality television show president, crooning sweet words while his actions belie the rhetoric. The vast majority of the fools will still be watching American Idol when the jackboots kick in their doors.

PRIOR INSTALLMENTS


Main Core, PROMIS and the Shadow Government – Part One
Main Core, PROMIS and the Shadow Government – Part Two
Main Core, PROMIS and the Shadow Government – Part Three

 

Greedy Pigs Launch Counter Offensive

Having brought our reality show TV prez to heel, stolen trillions from the taxpayers through their moles in the government and fat and happy from their record bonuses the evil empire that is Goldman Sachs is now fighting back. Bloomberg announced that Wall Street (aka Goldman Sachs) has enlisted two lackeys of the Frankenstein of financial chicanery Hank Paulson to take their propaganda and shove it down the throats of the American sheeple. The timing is a bit off though and so is their overestimation of the ability of the American Idiots to disengage from their electronic crackpipes, Whacko Jacko kicked the bucket yesterday so a lot of money for this sewage could be saved – but hey, it’s mostly TARP mad money anyway ain’t it. Anyway, while the corporate media vultures are picking the meat from Jacko’s still warm corpse the story that I refer to is Wall Street Sets Campaign on Populist Overreaction. Seems like the anger directed at AIG’s plundering and Jim Cramer and CNBC’s lies has the financial oligarchs a bit restive although that anger has been tamped down by the three months running Green Shoots public relations campaign.

Here is an excerpt from the Bloomberg piece:

June 25 (Bloomberg) — Wall Street’s largest trade group has started a campaign to counter the “populist” backlash against bankers, enlisting two former aides to Treasury Secretary Henry Paulson to spearhead the effort.

In memos of confidential meetings with top financial executives, the Securities Industry and Financial Markets Association said it began this month the “execution phase” of the operation, which pledges to “embrace change” and accountability. The plan targets policy makers and the media in New York, London, Washington and Brussels and calls for a “city-by-city, grass roots” approach.

The securities industry “must be perceived as part of the solution, which will allow it to better defend against populist overreaction,” the documents, prepared for a June 17 meeting of SIFMA’s board, said.

The board meeting minutes and staff-written papers, obtained by Bloomberg News, outline the program crafted by polling, lobbying and public relations companies paid at least $85,000 a month. The memos provide a glimpse, in often candid language, into how Wall Street is grappling with its pariah status.

“It is imperative that in this historic period of reform, the industry be recognized as playing a positive role in seeking change and providing solutions to the problems we face,” one of the documents said. “There is currently widespread skepticism about the industry’s commitment to this needed change.”

In other words LIES…LIES..LIES to lure the suckers back into the casinos that were propped up by the Pope of Hope rather than the serious structural problems that caused the implosion to occur be corrected. What Goldman Sachs did is best explained by Matt Taibbi in his latest piece from Alternet Suck On Our Yachts.

This isn’t really commerce, but much more like organized crime: it was a gigantic fraud perpetrated on the economy that wouldn’t have been possible without accomplices in the ratings agencies and regulators willing to turn a blind eye. Imagine a meat company that bred ten billion rats, fattened them on trash and sewage, ground their bodies into chuck, and then sold it all as grade-A ground beef to McDonald’s and Burger King, right under the noses of the USDA: this is exactly the same thing, only with debt instead of food. We’re eating it, they’re counting the money.

That is the best explanation of the swindlers’ financial alchemy that I have ever seen and one that even 200 million Michael Jackson mourners could understand. Now as I stated in a post that I did last week about the fascination over Iran’s phony ‘Green Revolution’ (Green shoots, Green Revolution…..yada fucking yada, you would think that for as much money as they are paid that the public relations shops would at least have some originality) that Americans love a good revolution as long as they don’t actually have to arise off of their sofas, put down their remotes and participate. What Goldman Sachs, the Great Satan has done to us all should have millions of pitchfork and torch bearing taxpayers marching on Wall Street demanding mass lynchings. They certainly have time on their hands now that they are fucking unemployed and homeless.

But American capacity for outrage is limited to silly wedge issues, who was it that once said that he could hire half of the working class to kill the other half. Anyway, in wrapping up I want to bring attention to this delightful little piece from the foreign press on what our vastly more sophisticated European cousins are capable of when ripped off by the greedmongers.

German pensioners ‘kidnap and torture their investment adviser’
http://www.timesonline.co.uk/tol/news/world/europe/article6565206.ece

A group of well-to-do pensioners who lost their savings in the credit crunch staged an arthritic revenge attack and held their terrified financial adviser to ransom, prosecutors said yesterday.

The alleged kidnapping is the latest example of what is being dubbed “silver crime” — the violent backlash of pensioners who feel cheated by the world.

“As I was letting myself into my front door I was assaulted from behind and hit hard,” the financial adviser James Amburn, a 56-year-old German-American, said. “Then they bound me with masking tape until I looked like a mummy. I thought I was a dead man.”

He was freed by 40 heavily armed policemen from the counter-terrorist unit last Saturday. The frightened consultant was in his underwear, his body lacerated by wounds allegedly inflicted by angry pensioners.

It appears that two couples had entrusted Mr Amburn’s investment company with €2.4 million (£2 million), which he ploughed into Florida’s boom-and-bust property market. The properties became forfeit during the sub-prime mortgage crisis but the couples wanted their money back.

After being bundled into the boot of an Audi in the west German town of Speyer, Mr Amburn was driven southwards to Chieming, close to the Austrian border, where one of the couples Roland K, and his wife, Sieglinde, 79, had a holiday home.

The financial adviser claims he was held there in a cellar for four days almost naked, fed soup twice a day and beaten. Another couple, Gerhard F, 63, and his wife, Iris, 66, both retired doctors, allegedly helped to torture the prisoner.

“I was beaten. They threatened again and again to kill me,” Mr Amburn said. At least two of his ribs were fractured.

Mr Amburn says he tried to escape once when he was permitted to smoke in the garden. He scaled the wall and ran though the rain in his underpants calling for help.

The pensioners pursued him in their car, shouting: “Stop that man! He’s a burglar!” Two locals pinned him to the pavement and he was taken back to the cellar, where he claims he received another beating.

The investment consultant’s break came when he was allowed to send a fax to a Swiss bank asking for the transfer of the funds demanded by the gang.

On the fax he pretended to refer to call options and to insurance policies (the German word for a financial policy is police). This came out as “call.pol-ice.”

They didn’t notice it but someone at the bank was bright enough to spot it,” Mr Amburn said.

The pensioners are under arrest on suspicion of deprivation of liberty, torture and inflicting grievous bodily harm. These charges carry a maximum of 15 years in prison.

“They were angry because they invested money in propertites in Florida and he lost it all,” Volker Ziegler, chief public prosecutor in Traunstein, said.

The numbers of attacks by elderly people had been rising fast even before the financial crisis hit savings. A three-man gang of pensioners is serving long jail terms for mounting 14 bank robberies across Germany to boost their retirement funds.

Rudolf Richter and brothers Wilfried and Lothar Ackermann were entitled only to modest state pensions of between €100 and €400 a month.

They became enraged by the size of bankers’ bonuses and over nine years — ending in their arrest in 2005 — netted more than €1.3 million. Police recovered only half that sum.

“It is unbelievable how easy it is to rob a bank,” Wilfried Ackermann, 73, boasted during the trial. The men held carrots in their pockets pretending that they had pistols.

On one of the raids Richter, 74, slipped on an icy pavement, dropped the loot and had to be carried to the getaway car.

I can’t happen here.

The Green, Green Shoots of Hope

“Well, let’s not start sucking each other’s dicks quite yet. …”

-Winston Wolf

A quick Google search brings up in the neighborhood of 28,000,000 results for the masterfully concocted propaganda term “Green Shoots”. Just when it appeared that looter capitalism was on the ropes with Jim ‘Mad Money’ Cramer being exposed as a preposterous fraud who shilled for the Wall Street casinos and angry mobs were descending on the homes of AIG bankers the oligarchy went to the mattresses to save their spoils system. Helicopter Ben came out and launched the first fusillade of this malarkey on his 60 Minutes interview of March 15th. This on the heels of the now famous leaked internal memo from Citigroup CEO Vikram ‘the Bandit’ Pandit that spoke of wonders of money falling from the sky and the healthy quarterly results of his banking colossus and the pure hit of optimism opium was picked up and run with by the corporate public relations armies and their pocket media. The crack ho economy received the kiss of the sweet, sweet spike and it’s been to the moon Alice ever since. But it’s all a big lie of Hitlerian proportions.

I don’t know just where I’m going
But I’m goin to try for the kingdom if I can
cause it makes me feel like I’m a man
When I put a spike into my vein
Then I tell you things aren’t quite the same

When I’m rushing on my run
And I feel just like Jesus son
And I guess I just don’t know
And I guess that I just don’t know

-Lou Reed (Heroin)

The Surge, Morning in America…how many times have we seen this. The suckers game is on again, just queue up in line to rub the balls of the golden bull. Even better than being duped into believing that the illegal war and occupation in Iraq could indeed be won led by the almighty warrior General David Petraeus this re-inflation of the bubble and the kick ass confidence game that has been run for the past two months would have Joseph Goebbels himself drooling in awe. The markets came roaring back accompanied by the standard bits of hyperbole that appeared in nearly every story as though pumped out of the same mighty Wurlitzer – picking up steam, robust, green shoots surged and Jesus, people bought it. Largely ignored was the relaxing of mark to market accounting rules that artificially juiced the bankster balance sheets by allowing wads of worthless ass wipe derivatives to be valued at whatever the fuck fantasyland number that the plunderers chose. The banks won big time, they took the money and told the pope of hope to go and fuck himself when it came to any serious regulation, as though they don’t own his ass lock, stock and barrel to begin with given the amount that they had funneled into his presidential media campaign. The bought and paid for whores in Congress conducted such grand public hearings that you would think they were hauling Barry Bonds or some other overpaid meathead baseball player out to berate him for using steroids. But as it always is in the land of the fucked, it was all a grand illusion, a farce, a tragicomedy.

And the oligarchs fought back, Cramer mocked Nouriel Roubini who had predicted the big collapse (although he was not the only one) by making the ludicrous claim that ‘Dr. Doom’ had caused a lot of investors to lose money by not trampling each other to get back into the casino for the latest game of pump and dump. The much ballyhooed stress tests were all based on phony premises, the best case scenarios that silly assed, reality denial stricken Americans so love as they skip down their primrose paths to perdition marveling at the plethora of white picket fenced yards and foreclosed homes though their rose colored glasses. Americans are saps, suckers, fish, rubes, marks, schmucks and all too willing victims to the looters. They exist in a rotting capitalist debt slavery gulag in which they trade their lives and souls for the glory of owning bigger and better things for the shackles of escalating credit card balances from which, thanks to a feckless and wholly owned subsidiary of the Wall Street scum that resides in Washington District of Criminals they will never be allowed to shed. The bankruptcy laws were forever altered well in advance of the coming economic doomsday machine which indicates fraud as well as collusion on the part of all involved. But who can you call when even the beat cops are crooks.

I found this wonderful piece by James Quinn of The Burning Platform dealing with the diaspora that is America, I excerpt a bit from his latest, Jesus of Suburbia:

Beneath the finely groomed blissful suburban façade of America lurk desperation, denial, hypocrisy, and anger. The kids of suburbia today have an entirely different reality than the suburbs I grew up in during the 1970’s. The Ozzie & Harriet idealized version of suburbia from the 1950’s has degenerated to the Green Day nightmare vision of today. The suburbs have mansion-like homes with spotless interiors, entertainment centers, three car garages, manicured lawns, and no soul. The children of suburbia have been brought up on soda pop and Ritalin. They come home to empty mansions, as both parents must work to pay for the glorious abode. Our homes have gotten bigger and better, while our lives have gotten smaller and less satisfying. One third of all children in the United States are growing up in a single parent household. Many kids feel angry and disconnected from their families, friends and home. Fifty percent of all marriages end in divorce. The kids feel rage and hopelessness at their existence in a suburban nightmare. There are 2 million children who take Ritalin every day. Is this because they truly have ADHD, or it is the painless way out for overstressed suburban parents?

And as with the fantasyland version of a prosperous and virtuous America (there are no roads out of Pleasantville) it is all an illusion, an illusion that is rapidly becoming unsustainable for even the spinmeisters. While the little flim flam man Timothy Geithner was out lying his ass off once more in saying that the U.S. financial system was beginning to heal the retail results came in below what even the charlatans had predicted. By the way, I absolutely love the way that the economic spin goes whenever results are announced, it’s like we suck but because we suck less than we thought that we’d suck everything is getting better, well this time the numbers really do suck and people just aren’t buying shit because they have no fucking jobs. Also, the banks that the rigged stress tests said were so healthy are waiting for the next tsunami sized wave – credit card defaults, foreclosures hit record highs, GM will soon be exporting to the USA cars that are made in China and some pessimists at Standard and Poor are now predicting that the banking crisis is going to last until 2013. And here is my all time favorite, fresh off of Reuters:
Bear Warning: Stocks still face deflationary collapse – Jim Cramer meet Winston Wolf.

Somebody GASP has the audacity to piss on our nurturing little green shoots, realism you see is lost on the average corporate drone American. Optimism is for schmucks and they are once again all too happy to play their career role as fuckees, some people just aren’t going to really get it until they are standing in a fucking soup line, and even then it would be a miracle. Me, I listen to the guys who got it right from the beginning, Stiglitz, Krugman, Roubini and Gerald Celente of the Trends Research Institute, who in addition to being pretty much spot on in calling this fiasco happens to be as funny as hell. I will close with his latest Green Shoots or Greatest Depression?

The financial fields replete with sprouting “green shoots” should be viewed with suspicion, if not alarm. They are not a mirage, but they are ephemeral.

Field Marshall Ben Bernanke and his Green Shoot Brigade have fertilized the economic landscape with trillions of sweat equity dollars extorted from today’s public and the public of generations to come. Regardless of how depleted the land, heavy doses of dollars spread so thickly over the financial and government territories, will force “green shoots” to grow. But the fundamentals of the economy remain unsound. They will not be corrected by forced fertilizing barren acreage.

“Green shoots” may sprout, but they will not flower. The economy cannot be coerced back into growth with tons of money manure. As the ancient parable puts it:

“A sower went out to sow his seed: and as he sowed, some fell by the way side; and it was trodden down, and the fowls of the air devoured it. And some fell upon a rock; and as soon as it was sprung up, it withered away, because it lacked moisture. And some fell among thorns; and the thorns sprang up with it, and choked it. And other fell on good ground, and sprang up, and bare fruit an hundredfold. And when he had said these things, he cried, He that hath ears to hear, let him hear.” – Luke 8:4–8

Now hear this: it is inconceivable that the “green shoots” are signs of sustained economic recovery.

No one could have forecast that the government would not only intervene in the markets by pouring unprecedented trillions into bailout schemes, but that they would commandeer the whole free enterprise system.

The 800-pound gorilla has ridden the elephant into the Oval Office, and they are there for all to see. But few will call a spade a spade. Benito Mussolini described Fascism as “The merger of state and corporate power.” He suggested that, more appropriately, it should be called “Corporatism.” By whatever name, Corporatism or Fascism, what it’s not is Free Market Capitalism, much less Democracy.

“Green shoots” can only be brought to harvest through real productivity. Pumping gigantic sums of money into too-big-to-fail financial institutions to jump-start the lending/borrowing cycle is to perpetuate a failed economic model. (See “The Greatest Depression.”)

We can extrapolate creatively from data, but cannot prophesize wild cards, such as acts of God, acts of nature, or acts of man that can only be described as “schemes undreamed of.” While there have been warnings since the founding of the United States, no one, but no one, could have predicted the mega-merger of Wall Street and Washington that is now a fait accompli.

With so much money being dumped into the system, there will be money to be made … and lost. The agile and the knowledgeable may be able to reap “green shoots” while they’re sprouted. But beware!

“The Greatest Depression” – that we forecast would begin to set in by the end of this year – may have been postponed, but it has not been averted. When it does set in, it will do so with enhanced intensity and at a pace accelerated by complex financial finagling … all under the guise of nation-saving action. Rather than let the failing industries fail and the failed banks go bankrupt, the government is deliberately bankrupting the nation.

The lesson to be learned from the financial crisis that began in the summer of 2007, is that nothing succeeds like failure. The greater their failure, the bolder they become. The more they lose, the more they take. The greater the chaos, the more control they exact. The bigger they fail, the harder we fall.

No act is too unthinkable or measure too draconian for the Washington–Wall Street Mob to concoct in order to maintain power, make money and cover their losses. While it is impossible to second-guess what the government will do next, it is absolutely certain that they will stop at nothing.

The “green shoots” will wither and conditions will deteriorate. Those who are prepared for the worst will not have been taken by surprise.

Words of wisdom if there ever were any if there ever were any in this sad era of stupidity, sloth and moral depravity.

Hooray! The Surge is Working…Again

Nobody ever went broke underestimating the intelligence of the American public.

-H. L. Mencken

The previously discredited CNBC ace shill Jim ‘Mad Money’ Cramer has now become the point man for the regenerated Wall Street hydra, launching into a sleazy Rovian war with a real life economist who actually got it right in predicting the collapse Nouriel Roubini. Roubini, a man who was from the outset mocked, scorned and derisively labeled ‘Dr. Doom’ by the same type of four-flushing assholes who brought us Deep Capture has been declared public enemy number one and must be taken out with extreme prejudice for the big con to succeed. The oafish court jester of looter capitalism is now back with a vengeance as he according to this piece by Frank Rich of the damned liberal New York Times states in his recent piece Awake and Sing!:

“I am pronouncing the depression over!” declared CNBC’s irrepressible Jim Cramer on April 2. The next day the unemployment rate, already at the highest level in 25 years, jumped yet again, but Cramer wasn’t thinking about the 663,000 jobs that disappeared in March. He was thinking about the market. Mad money. Fast money. Big money. The Dow, after all, has rallied in the weeks since Timothy Geithner announced his bank bailout 2.0. Par-tay! On Wednesday, Cramer rang the opening bell at the New York Stock Exchange, in celebration of the 1,000th broadcast of his nightly stock-tip jamboree.

Roubini appropriately dismissed the man who acts like a baboon on crystal meth:

But “Cramer is a buffoon”, the professor countered, on the sidelines of a conference in Canada on Tuesday night. “He was one of those who called six times in a row for this bear market rally to be a bull market rally and he got it wrong. After all this mess, and after Jon Stewart, he should just shut up because he has no shame.”

The latest rally will fail when it becomes clear the economy is not improving and that several banks will be unable to pass the “stress tests” currently being carried out by the federal government, Mr Roubini says.

“Cramer keeps insulting me personally and saying a bunch of lies,” he told an Associated Press reporter. “He is not a credible analyst.”

Which of course didn’t stop the NYT from piling on Roubini in a Wednesday Op-Ed column by that unbiased source of wisdom William D. Cohan (a contributing editor for Fortune Magazine, the rag that featured a fawning hagiography back in the Depression years about Benito Mussolini and his fine corporate fascist system) that in upholding the finest traditons of Judith Miller poo pooed the questioning of the miraculous profits of Goldman Sachs as so much conspiracy theory even though Hank Paulson obviously had at best a conflict of interest in presiding over the TARP plan to socialize the losses of the looters to keep the big casino going. Similar sliming has been done to Nobel Prize winning economist Paul Krugman in the insipid Newsweek cover story of a few weeks back by hack Evan Thomas who openly and brazenly admits his bias: “If you are of the establishment persuasion (and I am), reading Krugman makes you uneasy.”. Stenographers for the elite like Thomas are largely responsible for this disaster to begin with in that they failed to perform their constitutional duties in ensuring that a free press would ensure that power be kept in check but he and his ilk are more interested in careerism, sucking up to the establishment and ensuring that they keep get invited to cocktail parties. No wonder that the regular corporate media is getting its ass kicked by the alternative media and the blogs, you just can’t trust the bastards on anything anymore.

But I digress…

It is asinine and childish to think that Paulson, the former CEO of Goldman Sachs did not abuse his position as the Bush regime’s Treasury Secretary to favorably rig the big bailout for the benefit of his cronies, just look at how the AIG bailout was used to further shore up the big Kahuna of the street and ensure that the revolving door between the temple of avarice and the White House remains fully operational. Seems like the blood sucking jackals at the real center of American political power, Goldman Sachs is sending it’s legal army after a Florida based blogger named Mike Morgan for daring to set up a website Info, Comments, Opinions and Facts About Goldman Sachs. The white shoe Wall Street law firm Chadbourne & Parke has been set loose upon poor Mr. Morgan for his daring to question these criminal pigs and their ongoing assault on the American economy – you know it’s bad when they don’t outsource their wetwork to India but somehow the site which as the delightful url of http://www.goldmansachs666.com/ has really but a bug up the pasty white asses of the house of Paulson and Blankfein.

I would recommend that everyone take the time to not only check out Mr. Morgan’s site but to back him in his David versus Goliath stand against the mother of all moneychangers in Goldman Sachs. Let the buffonish tea baggers take to the streets at the behest of the deranged shill Glenn Beck, Dick Armey, uber crackpot Richard Mellon Scaife and the Texas oil Nazi Koch Foundation (see Think Progress for the scoop on who is really sponsoring this phony white populist mayhem) but the real enemy of America sits in the ivory tower at 85 Broad Street in lower Manhattan and it’s toxic tentacles extend directly into the highest realms of the new Obama administration. Putting Timothy Geithner and Larry Summers in charge of economic policy along with other dubious appointments (or in the case of real progressives non appointments) are an early indicator that the only change for Obama is going to be chump change. The hedge fund hyenas and derivatives alchemists and their pushers are going to have free reigh while an exponentially growing number of Americans are being rendered jobless, homeless and exiled to tent cities…hell, at least Reagan gave people surplus cheese.

In a remarkable interview on the PBS program Bill Moyers Journal former S & L regulator William K. Black gets right to the heart of things:

BILL MOYERS: Is it possible that these complex instruments were deliberately created so swindlers could exploit them?

WILLIAM K. BLACK: Oh, absolutely. This stuff, the exotic stuff that you’re talking about was created out of things like liars’ loans, that were known to be extraordinarily bad. And now it was getting triple-A ratings. Now a triple-A rating is supposed to mean there is zero credit risk. So you take something that not only has significant, it has crushing risk. That’s why it’s toxic. And you create this fiction that it has zero risk. That itself, of course, is a fraudulent exercise. And again, there was nobody looking, during the Bush years. So finally, only a year ago, we started to have a Congressional investigation of some of these rating agencies, and it’s scandalous what came out. What we know now is that the rating agencies never looked at a single loan file. When they finally did look, after the markets had completely collapsed, they found, and I’m quoting Fitch, the smallest of the rating agencies, “the results were disconcerting, in that there was the appearance of fraud in nearly every file we examined.”

BILL MOYERS: So if your assumption is correct, your evidence is sound, the bank, the lending company, created a fraud. And the ratings agency that is supposed to test the value of these assets knowingly entered into the fraud. Both parties are committing fraud by intention.

WILLIAM K. BLACK: Right, and the investment banker that — we call it pooling — puts together these bad mortgages, these liars’ loans, and creates the toxic waste of these derivatives. All of them do that. And then they sell it to the world and the world just thinks because it has a triple-A rating it must actually be safe. Well, instead, there are 60 and 80 percent losses on these things, because of course they, in reality, are toxic waste.

BILL MOYERS: You’re describing what Bernie Madoff did to a limited number of people. But you’re saying it’s systemic, a systemic Ponzi scheme.

WILLIAM K. BLACK: Oh, Bernie was a piker. He doesn’t even get into the front ranks of a Ponzi scheme…

BILL MOYERS: But you’re saying our system became a Ponzi scheme.

WILLIAM K. BLACK: Our system…

BILL MOYERS: Our financial system…

WILLIAM K. BLACK: Became a Ponzi scheme. Everybody was buying a pig in the poke. But they were buying a pig in the poke with a pretty pink ribbon, and the pink ribbon said, “Triple-A.”

In a nutshell the system itself is rotten to the core and Geithner, Bernanke and the rest of Mr. Obama’s A Team of the best and the brightest are just more of the same dirty rotten scoundrels who have destroyed the global economy and are now being allowed to finish the job. For Christ’s sake, Obama is actually going out on television and pushing refinancing as if most people really qualify anyway for the simple reasons that (a) the banks aren’t lending (b) their existing loans are well in excess of the property value in most cases…and (c) you can no longer instantly qualify for a 400,000 loan if you have no job and about a million a month are being jettisoned as the real economy continues the freefall. I mean Jesus Fucking Christ, is this guy a president or a pimp?

Selling the Sizzle: The recent attempts to manage perception in order to reflate the bubble and save the squadrons of corrupt paper dealers is a propaganda masterpiece unseen since the bloodshed and chaos of the Iraq war was flushed down the memory hole courtesy of the great General Petraeus and THE SURGE. What is now going on is every bit as dishonest and even more monstrous in that the large scale thieves who run the system are using their media and pocket politicians to further entrap Americans in the shackles of debt slavery from which they shall never be free as long as the failure of unregulated looter capitalism is not dealt with and the cancer cut out once and for all. Don’t believe anything, it’s all a big lie of Hitlerian proportions, a public relations stew of deception that Goebbels would be proud of and you just have to love that little bumper sticker slogan Green Shoots.

Do NOT, I repeat do NOT put one nickel into the markets because in the end you will be sorry. I am advising people to take this postponement of the looming collapse as an opportunity to shore up your personal positions. Do not spend a dime you don’t have to spend, take all of your money out of your 401k once it has been reflated and put it into real assets. Pay down debt, start learning about how to garden, hey our grandparents did it didn’t they? Stockpile non-perishable food, buy a Lifestraw (provided you can find one) because they are coming to privatize your water soon, buy guns and ammo and most importantly be suspicious of anything that the assclowns who run the corporate media try to sell you with their propaganda.

Obama, tagged as the pope of hope by one blogger is just another errand boy for the big banks. Pope of dopes is more like it , it took Clinton and Bush years to cheapen the presidency but Obama has done it in record time, sliming around with the likes of Jay Leno on the electronic crackpipe, taking pot shots at cripples, escalating the war in Afghanistan, reneging on boatloads of campaign promises and in the absolute nadir shilling for the banks in imploring people to refinance their overvalued McMansions and other cheaply constructed shitboxes.

The Obamanoids eat it up too, they are legion and tripping over themselves in falling in line to shill for the most despicable of the Obama administration policies, like the failure to order the Justice Department to arrest Karl Rove for flouting subpoenas, continuing the illegal wiretapping, escalating the war in Afghanistan and most odiously as all choosing to back the banksters in the gutting of the American economy. Sure, there are the little feely good cosmetic changes like stem cell research and relaxing restrictions on Cuba (both by the way make economic sense and if there is one thing to commend Obama on it is the lack of ideology exhibited early on, which in a way is also damnable in that it only supports the status quo) and that ridiculous ‘pirates’ thing which is about as phony as Reagan’s defeat of that industrialized military juggernaut Grenada.

One thing is for certain though, no matter how well that Surge II works it is only going to make the inevitable collapse that much worse when it does come. And those vicious shitheads who worship the unholy trinity of Limbaugh, Palin and Joe the Plumber will only become meaner and more better positioned to take advantage when it becomes apparent that the only change that has occured is a new coat of paint on the whorehouse that is American capitalism.

Usurious Bastards

The history of the last century shows, as we shall see later, that the advice given to governments by bankers, like the advice they gave to industrialists, was consistently good for bankers, but was often disastrous for governments, businessmen, and the people generally.

-Carroll Quigley

As the conventional wisdom goes, the stock market is predicated on trust and as a crusty old uncle of mine once said to a young and impressionable teenager with zero knowledge of the way that the world really worked: “trust me is just another two letter word that means the same as fuck you.” Old Uncle Harvey’s words of wisdom came home to roost on this Monday morning in America when the finance oligarchs were able to use their inside juice to pull off the grandest and most audacious heist yet in this season of sleazy swindles. Obama Treasury Secretary and Wall Street fixer Timothy Geithner delivered the bacon for the bankers, gave the crack ho stock market a wonderful and intoxicating fix that sent the Dow screaming up by nearly 7 percent in a matter of hours and locked in the losses for the great grandchildren of every poor schmuck with the misfortune to be living through this period of plunder and wealth consolidation.

In phase two of the ongoing SPLURGE (any similarity to the con-game called the surge that allowed us to become winners in Iraq is fully intentioned), on Tuesday night, our very own national Teflon coated bullshit salesman, President Barack Obama, the banker’s gofer and shill for the new generation began to sell it to the saps and a marvelous job he is doing. This man my friends is no new Roosevelt, he is the devil in disguise and he (as many progressives had warned) is in the bag for the establishment. What we really have is a by proxy continuation of the Clinton administration, of course Hillary was to have been the one but in the waning days of the ruinous Bush-Cheney neocon war on America it was just too tough to pimp another dynasty so the crooks who run the system found another pitchman. I cannot possibly articulate the sense of disgust and betrayal that I am experiencing as I write this, it is very difficult to restrain my gag reflex and keep from vomiting on my keyboard because once again the scum wins again and Americans have been played for chumps. Nobel Prize winning economist Paul Krugman(another Nobel Prize winner Joseph Stiglitz decried its “perverse incentives”) and columnist for the damned liberal New York Times put it best in his Monday column Financial Policy Despair:

Over the weekend The Times and other newspapers reported leaked details about the Obama administration’s bank rescue plan, which is to be officially released this week. If the reports are correct, Tim Geithner, the Treasury secretary, has persuaded President Obama to recycle Bush administration policy — specifically, the “cash for trash” plan proposed, then abandoned, six months ago by then-Treasury Secretary Henry Paulson.

This is more than disappointing. In fact, it fills me with a sense of despair.

But the Geithner scheme would offer a one-way bet: if asset values go up, the investors profit, but if they go down, the investors can walk away from their debt. So this isn’t really about letting markets work. It’s just an indirect, disguised way to subsidize purchases of bad assets.

The likely cost to taxpayers aside, there’s something strange going on here. By my count, this is the third time Obama administration officials have floated a scheme that is essentially a rehash of the Paulson plan, each time adding a new set of bells and whistles and claiming that they’re doing something completely different. This is starting to look obsessive.

But the real problem with this plan is that it won’t work. Yes, troubled assets may be somewhat undervalued. But the fact is that financial executives literally bet their banks on the belief that there was no housing bubble, and the related belief that unprecedented levels of household debt were no problem. They lost that bet. And no amount of financial hocus-pocus — for that is what the Geithner plan amounts to — will change that fact.

You might say, why not try the plan and see what happens? One answer is that time is wasting: every month that we fail to come to grips with the economic crisis another 600,000 jobs are lost.
Even more important, however, is the way Mr. Obama is squandering his credibility. If this plan fails — as it almost surely will — it’s unlikely that he’ll be able to persuade Congress to come up with more funds to do what he should have done in the first place.

This isn’t likely to win Krugman any friends in the Obama White House, especially with a sleazy little political gangster like Rahm Emanuel who I predict will eventually make even the Great Satan Karl Rove look like an amateur running the show and protecting the interests of his investment banker buddies. While Barack Obama may be the friendly Fozzie Bear face of this latest hostile takeover of the White House the real example of how things are really done is in this incredible NYT piece from back in January:

Early this month, Barack Obama was meeting with the House speaker, Nancy Pelosi, and other lawmakers when Rahm Emanuel, his chief of staff, began nervously cracking a knuckle.

Mr. Obama then turned to complain to Mr. Emanuel about his noisy habit.

At which point, Mr. Emanuel held the offending knuckle up to Mr. Obama’s left ear and, like an annoying little brother, snapped off a few special cracks.

The venomous cobra that is Emanuel is of course Mr. Obama’s minder and handler, note that he was the first announced member of the new administration, the first of a reoccupation of Washington by Clintonistas. The promised change, at least to this point has been strictly cosmetic, the wars still continue, more troops are headed to Afghanistan, the graveyard of empires past, Gitmo is still open, the new administration is engaging in Clintonian language manipulation regarding ‘torture’ that invokes memories of “it depends on what the meaning of is is”, the military is getting ready to be sent to the Mexican border and there has been no serious discussion of reigning in the run amok police state and the Stasi style high tech domestic spying operations. Yep, change has come to America alright, just like “the check’s in the mail”, “this won’t hurt a bit”, “I love you” and “I promise not to come in your mouth”…and it was all wrapped up in a big bundle of stinking dogshit with a $ sign on it and parked on the doorsteps of Americans and set afire by the Geithner-Bernanke-Paulson triad with the unarguable message that you are either cops or little people. Webster Tarpley had a good one that I heard that saving the banks is like trying to save one of Count Dracula’s victims by giving the blood transfusion to the victim through the vampire when the real remedy is to just pull him off and drive a stake through his heart.

Now that it has become pretty apparent that Obama is just more of the same and like Bush has his own legions of cultlike devotees and apologists we can all just take Bobby Knight’s advice that if rape is intevitable relax and enjoy it because really what choice do we really have? Before it even really started the revolution has been hijacked, progressives are still getting the shaft, the Employee Free Choice Act is going to be dead on arrival, there is NO antiwar movement if the media refuses to acknowledge that there is a fucking war and even the Ron Paul movement libertarians have been marginalized by the old fool’s proclivity to keep showing up at Nazi bund meetings like CPAC and regularly appearing on FOX. The oligarchy has it’s shit together, this is their homefield, they own the refs and there is no replay booth. Welcome to chumpland, when a show like HBO’s Real Time With Bill Maher features Keith Olbermann as a guest and they both mock the very real detention camps by conflating their existence with the weeping, at the edge of sanity fascist basket case Glenn Beck it’s a done deal that the agents have seized control of all phones and the only way out of the matrix will be in a body bag.
Despite the rear guard cover that the corporate media is giving to the ongoing looting spree by laying poison bait for maxed-out marks and rubes to get back into the casino and start spending their money at usurious interest rates by rapacious banks that are fast approaching the same sort of deal that you can score at pay day lenders there are those who really get it, too bad that their observations are drowned out by Dancing With the Stars, American Idol and the rest of the standard bread and circuses that placate the masses of asses. Some very excellent work has been done for those with an inclination for the truth by alternative media types and dissenting with the official state line experts who have been consistently right about this catastrophic clusterfuck from the outset.
The gold standard in calling out the great robbery and financier’s coup d’etat has to go to Matt Taibbi whose piece in the new issue of Rolling Stone magazine entitled The Big Takeover is a must read. I excerpt a few pieces of this long but brilliant expose:

It’s over — we’re officially, royally fucked. No empire can survive being rendered a permanent laughingstock, which is what happened as of a few weeks ago, when the buffoons who have been running things in this country finally went one step too far. It happened when Treasury Secretary Timothy Geithner was forced to admit that he was once again going to have to stuff billions of taxpayer dollars into a dying insurance giant called AIG, itself a profound symbol of our national decline — a corporation that got rich insuring the concrete and steel of American industry in the country’s heyday, only to destroy itself chasing phantom fortunes at the Wall Street card tables, like a dissolute nobleman gambling away the family estate in the waning days of the British Empire.

And

People are pissed off about this financial crisis, and about this bailout, but they’re not pissed off enough. The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d’état. They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations.

The crisis was the coup de grâce: Given virtually free rein over the economy, these same insiders first wrecked the financial world, then cunningly granted themselves nearly unlimited emergency powers to clean up their own mess. And so the gambling-addict leaders of companies like AIG end up not penniless and in jail, but with an Alien-style death grip on the Treasury and the Federal Reserve — “our partners in the government,” as Liddy put it with a shockingly casual matter-of-factness after the most recent bailout.

The mistake most people make in looking at the financial crisis is thinking of it in terms of money, a habit that might lead you to look at the unfolding mess as a huge bonus-killing downer for the Wall Street class. But if you look at it in purely Machiavellian terms, what you see is a colossal power grab that threatens to turn the federal government into a kind of giant Enron — a huge, impenetrable black box filled with self-dealing insiders whose scheme is the securing of individual profits at the expense of an ocean of unwitting involuntary shareholders, previously known as taxpayers.

And

There are plenty of people who have noticed, in recent years, that when they lost their homes to foreclosure or were forced into bankruptcy because of crippling credit-card debt, no one in the government was there to rescue them. But when Goldman Sachs — a company whose average employee still made more than $350,000 last year, even in the midst of a depression — was suddenly faced with the possibility of losing money on the unregulated insurance deals it bought for its insane housing bets, the government was there in an instant to patch the hole. That’s the essence of the bailout: rich bankers bailing out rich bankers, using the taxpayers’ credit card.

The people who have spent their lives cloistered in this Wall Street community aren’t much for sharing information with the great unwashed. Because all of this shit is complicated, because most of us mortals don’t know what the hell LIBOR is or how a REIT works or how to use the word “zero coupon bond” in a sentence without sounding stupid — well, then, the people who do speak this idiotic language cannot under any circumstances be bothered to explain it to us and instead spend a lot of time rolling their eyes and asking us to trust them.

That roll of the eyes is a key part of the psychology of Paulsonism. The state is now being asked not just to call off its regulators or give tax breaks or funnel a few contracts to connected companies; it is intervening directly in the economy, for the sole purpose of preserving the influence of the megafirms. In essence, Paulson used the bailout to transform the government into a giant bureaucracy of entitled assholedom, one that would socialize “toxic” risks but keep both the profits and the management of the bailed-out firms in private hands. Moreover, this whole process would be done in secret, away from the prying eyes of NASCAR dads, broke-ass liberals who read translations of French novels, subprime mortgage holders and other such financial losers.

In addition to Taibbi’s magnum opus on the greedy pigs who have destroyed the economy I would also recommend Thomas Georghegan’s treatise on the legalization of usury in the latest Harper’s entitled Infinite Debt: How Unlimited Interest Rates Destroyed the Economy, the same April issue has Daniel Brook’s article on the payday lending industry Usury Country, a piece in Washington Monthly by James K. Galbraith that calls bullshit on the ‘the worst is over’ folderol being foisted upon us by the high-rollers, the looters and the banksters where he speaks the forbidden heresy of No Return to Normal:

The most likely scenario, should the Geithner plan go through, is a combination of looting, fraud, and a renewed speculation in volatile commodity markets such as oil. Ultimately the losses fall on the public anyway, since deposits are largely insured. There is no chance that the banks will simply resume normal long-term lending. To whom would they lend? For what? Against what collateral? And if banks are recapitalized without changing their management, why should we expect them to change the behavior that caused the insolvency in the first place?

The oddest thing about the Geithner program is its failure to act as though the financial crisis is a true crisis—an integrated, long-term economic threat—rather than merely a couple of related but temporary problems, one in banking and the other in jobs. In banking, the dominant metaphor is of plumbing: there is a blockage to be cleared. Take a plunger to the toxic assets, it is said, and credit conditions will return to normal. This, then, will make the recession essentially normal, validating the stimulus package. Solve these two problems, and the crisis will end. That’s the thinking.

But the plumbing metaphor is misleading. Credit is not a flow. It is not something that can be forced downstream by clearing a pipe. Credit is a contract. It requires a borrower as well as a lender, a customer as well as a bank. And the borrower must meet two conditions. One is creditworthiness, meaning a secure income and, usually, a house with equity in it. Asset prices therefore matter. With a chronic oversupply of houses, prices fall, collateral disappears, and even if borrowers are willing they can’t qualify for loans. The other requirement is a willingness to borrow, motivated by what Keynes called the “animal spirits” of entrepreneurial enthusiasm. In a slump, such optimism is scarce. Even if people have collateral, they want the security of cash. And it is precisely because they want cash that they will not deplete their reserves by plunking down a payment on a new car.

The aforementioned pieces by Taibbi, Geoghegan and Brooks all merited appearances on Amy Goodman’s Democracy Now the past three days but perhaps the greatest statement of all was made by former Reagan administration Assistant Treasury Secretary Paul Craig Roberts who in his latest column, Is the Bailout Plan Breeding a Bigger Crisis? is coming very close to actually endorsing – GASP – Socialism! Roberts mentions that ugly little story that flew below the radar that our number one creditor China is starting to make noises about dumping the dollar as the world reserve currency:

Rome eventually understood that its imperial frontiers exceeded its resources and pulled back. This realization has yet to dawn on Washington.

More budget savings could come from a different approach to the financial crisis. The entire question of bailing out private financial institutions needs rethinking. The probability is that the bailouts are not over. The commercial real estate defaults are yet to present themselves.

Would it be cheaper for government to buy the shares of the banks and AIG at the current low prices than to pour trillions of taxpayers’ dollars into them in an effort to drive up private share prices with public money? The Bush/Paulson bailout plan of approximately $800 billion has been followed a few months later by the Obama/Geithner stimulus-bailout plan of another approximately $800 billion. Together it adds to $1.6 trillion in new Treasury debt, much of which might have to be monetized.

Could this massive debt issue be avoided if the government took over the banks and netted out the losses between the constituent parts? A staid socialized financial sector run by civil servants is preferable to the gambling casino of greed-driven, innovative, unregulated capitalism operated by banksters who have caused crisis throughout the world.

Perhaps the Federal Reserve should be socialized as well. The notion of an independent, privately-owned Federal Reserve system was never more than a ruse to get a national bank into place. Once the central bank is part of the state-owned banking system, the government can create money without having to accumulate a massive public debt that saddles taxpayers’ and future budgets with hundreds of billions of dollars in annual interest payments.

Roberts has been ahead of the curve since his early realization that the Republican party had been taken over by drooling brownshirts in the early years of the Bush-Cheney nightmare and he consistently serves as a reminder of that bygone era when some conservatives actually had principles, ideas and a respect for intellectualism way back back before Joe the Plumber became the man.
The DOW was up 174 today, it’s morning in America again, time to pull yerself up by those good ole star-spangled bootstraps, go shopping… but if you look around you will notice that gas prices are creeping up again too since speculation is back in vogue, it could crack 8000 tomorrow when Barack Obama goes to give a progress report (grovel) to his banker bosses.
But that’s not important, hey, didja hear the one about the Michigan dude who just got 90 days for being caught with his dick in a car wash vacuum cleaner?
Move Along, Nothing to See Here…

Crack Ho Economics

Let’s get one thing straight right out of the gates – Wall Street is the enemy of America. These financial terrorists continue to ravage the country, yesterday’s announcement of February job losses of nearly 700,000 brought a spike in stock prices, another mainline hit to the crack ho economy. With the misery mounting the Obama administration and the entrenched Goldman Sachs and Federal Reserve bandits who really run the system are mounting a withering counter attack on any plans to dismantle the existing system of avarice by watering down the stimulus (an ass fucking with a reacharound) package and calling in the markers with all of their whores in Congress and the media to preserve the existing spoils system. When the sock puppet occupant of the White House, our shining new Jesus even emerges as a shill for Wall Street you can rest assured that the fix is in and the only change that you will be getting is chump change.

It now appears that the naysayers were right. While the new frontman and his gaggle of recycled Clintonistas and Goldman Sachs and Federal Reserve moneychangers are asking for austerity from everyone else but the pigs on Wall Street continue to have their piggie troughs filled with more and more stolen loot. I have heard a lot of stuff on how this is just another opportunity for the oligarchy to bust everyone else and then consolidate. This sadly seems to be the case and once the entire middle class has been butt-fucked into bankruptcy the malefactors of great wealth are going to swoop in to buy up everything for pennies on the dollar.

Some people are saying that this is only another step towards the ‘one world government’ that has always been discussed by the paranoid elements of the far right as a communist or socialist takeover. They are wrong though, the driving force behind this would be financial kingpins of capitalism and the one world system would be corporate fascism.

The Obama administration is not going to reign in either the bankers (who really run this system) or to stop the wars of imperialism, the population will be beggared and the police state brought in to put down the rabble so that the big con goes on.

I don’t know if anyone has ever ever heard of Carroll Quigley but you need to check out what he says on finance capitalism and global banker control – it’s too complex to go into at lenght right now but is worthwhile background information. A good read is a post by blogger Tocque Deville entitled History: How the U.S. Government Was Overthrown in Three Easy Steps.

There is no intention of providing Americans with anything even remotely resembling real choices in their political system, ‘leaders’ and government and this was stated by Professor Quigley in his outstanding and largely obscure book Tragedy and Hope which revealed the way that the system really worked in regards to the financial elite and the secretive round table groups who represent the puppeteers for the easily blackmailed, controlled and greedheaded arrogant buffoons who are the political actors who are trotted out for public consumption. Quigley in the extensive research that he did on the global elite states:

There does exist, and has existed for a generation, an international Anglophile network which operates, to some extent, in the way the radical Right believes the Communists act. In fact, this network, which we may identify as the Round Table Groups, has no aversion to cooperating with the Communists, or any other groups, and frequently does so. I know of the operations of this network because I have studied it for twenty years and was permitted for two years, in the early 1960’s, to examine its papers and secret records. I have no aversion to it or to most of its aims and have, for much of my life, been close to it and to many of its instruments. I have objected, both in the past and recently, to a few of its policies (notably to its belief that England was an Atlantic rather than a European Power and must be allied, or even federated, with the United States and must remain isolated from Europe), but in general my chief difference of opinion is that it wishes to remain unknown, and I believe its role in history is significant enough to be known.

And…

The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to the doctrinaire and academic thinkers. Instead, the two parties should be almost identical, so that the American people can “throw the rascals out” at any election without leading to any profound or extreme shifts in policy.

And…

The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. Each central bank sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.

So the game is rigged already, it is supposed to be rigged and the only question is whether this financial catastrophe was set up or was being set up and was then triggered prematurely through greed, incompetence and the entire monstrosity just becoming unsustainable.

And the one-eyed idiot, Gordon Brown has just appeared before Congress to continue to push for the globalist dominination, the shock doctrine writ large, the grandest robbery in history. His editorial for the London Times on March 1st shows that the future is global consolidation and a new feudalism.