Category Archives: Oligarchy

The Real Reason To Damn Obama

“They’ve got a set of Republican waiters on one side and a set of Democratic waiters on the other side, but no matter which set of waiters brings you the dish, the legislative grub is all prepared in the same Wall Street kitchen.”

-Huey P. Long

The only reason that I ever bothered with the so-called librul [sic] New York Times, a paper that mind you pushed as many falsehoods as others in selling the Iraq invasion was to read the regular Sunday column of Frank Rich. Rich was a prince among toads like the street pimp for globalization Thomas Friedman, the country club Jew snob David Brooks, the occasionally brilliant Paul Krugman, the bizarre Maureen Dowd and a cast of lesser bloviators. When Rich, after decades with the Times left this spring to become a regular at the less prominent New York Magazine I had little use for the NYT. The Times by the way despite the ongoing standard bitching and moaning from the fascist right-wing that has seized control of the media precisely because of the Hitlerian big lie of the liberal media is anything but liberal. The Times is just another propaganda organ of the status quo and like all newspapers are headed for the tar pits, shuffling off like the doomed dinosaurs that they all are. The dismal state of the media in this country is largely to blame for our collective march into the history books as an example of the latest empire to self-immolate, when news began to be managed so as to present “both sides” even when one side was obviously bullshit it ceased to be credible. The ongoing dismantling of investigative reporting, the closing of overseas bureaus and the necessity to dumb down reportage to appeal to a public (few of whom even bother to read anything) that continues to regress intellectually and the profit motive have all combined to push the newspaper industry toward it’s inevitable extinction. That however is a story for another time.

I haven’t read much from Rich until this week, just prior to the orgy of flag-sucking and raw gluttony that is the Fourth of July when he launched his own barrage of fireworks that is the dead-on piece that is entitled Obama’s Original Sin. Rich writing with his standard brilliance lays out the exact reason why Obama, despite the collection of brainless ass clowns who will spend the better part of the next year trying to out-Nazi each other to run against The Pope of Hope will likely be a one term president. Despite all of the moronic spew vomited up by the Koch Brothers funded band of costumed imbeciles that is the ridiculous Tea Party, the racist nonsense, the Israeli fifth column black propaganda about the secret Muslim horseshit and the even more absurd labeling Wall Street’s savior as some sort of Socialist or Commie the real reason why Obama is likely doomed is for his administration’s ongoing bailout and manipulating of the markets with Ben Bernanke’s funny money. Obama, from the beginning has been nothing more than a corporate media creation, a triumph of deceptive marketing right up there with the canonization of the old dunce that was Ronald Reagan and a foot stool for Wall Street’s avaricious gambling casinos. He had a historical opportunity to regulate these monstrous institutions of looter capitalist greed and failed utterly and abysmally, in the true Democratic party fashion.

Rich’s piece is about this very failure and I excerpt the following:

What haunts the Obama administration is what still haunts the country: the stunning lack of accountability for the greed and misdeeds that brought America to its gravest financial crisis since the Great Depression. There has been no legal, moral, or financial reckoning for the most powerful wrongdoers. Nor have there been meaningful reforms that might prevent a repeat catastrophe. Time may heal most wounds, but not these. Chronic unemployment remains a constant, painful reminder of the havoc inflicted on the bust’s innocent victims. As the ghost of Hamlet’s father might have it, America will be stalked by its foul and unresolved crimes until they “are burnt and purged away.”

After the 1929 crash, and thanks in part to the legendary Ferdinand Pecora’s fierce thirties Senate hearings, America gained a Securities and Exchange Commission, the Public Utility Holding Company Act, and the Glass-Steagall Act to forestall a rerun. After the savings-and-loan debacle of the eighties, some 800 miscreants went to jail. But those who ran the central financial institutions of our fiasco escaped culpability (as did most of the institutions). As the indefatigable Matt Taibbi has tabulated, law enforcement on Obama’s watch rounded up 393,000 illegal immigrants last year and zero bankers. The Justice Department’s bally­hooed Operation Broken Trust has broken still more trust by chasing mainly low-echelon, one-off Madoff wannabes. You almost have to feel sorry for the era’s designated Goldman scapegoat, 32-year-old flunky “Fabulous Fab” Fabrice Tourre, who may yet take the fall for everyone else. It’s as if the Watergate investigation were halted after the cops nabbed the nudniks who did the break-in.

Even now, on the heels of Bank of America’s reluctant $8.5 billion settlement with investors who held its mortgage-backed securities, the Obama administration may be handing it and its peers new get-out-of-jail-free cards. With the Department of Justice’s blessing, the Iowa attorney general, Tom Miller, is pushing the 49 other states to sign on to a national financial settlement ending their investigations of the biggest mortgage lenders. What some call a settlement others may find a cover-up. Time reported in April that the lawyer negotiating with Miller for Moynihan’s Bank of America just happened to be a contributor to his 2010 Iowa reelection campaign. If the deal is struck, any truly aggressive state attorneys general, like Eric Schneiderman of New York, will be shut down before they can dig into the full and still mostly uninvestigated daisy chain of get-rich-quick rackets practiced by banks as they repackaged junk mortgages into junk securities.

Those in executive suites at the top of that chain have long since fled the scene with the proceeds, while bleeding shareholders, investors, homeowners, and ­cashiered employees were left with the bills. The weak Dodd-Frank financial-reform law that rose from the ruins remains largely inoperative, since the actual rule-writing was delegated to understaffed agencies now under siege by banking lobbyists and their well-greased congressional overlords. The administration’s much-hyped Consumer Financial Protection Bureau is being sabotaged by Washington Republicans intent on blocking any White House nominee, whether Elizabeth Warren or some malleable hack, to lead it. “We can’t let special interests win this fight,” said Obama when he proposed the agency in October 2009. Well, he missed his moment to fight for both it and Warren, and the special interests won without breaking a sweat.

Rather than purge the crash’s crimes, Wall Street’s leaders are sticking to their alibi: Everyone was guilty of fomenting this “perfect storm,” and so no one is. Too-big-to-fail banks are bigger than ever, and ­Masters of the Universe swagger is back. Even Jamie Dimon of JPMorgan Chase, about the only bank chief not to be caught with a suspect balance sheet or a $1,400 office trash can, has taken to channeling Schwarzman. In June, he publicly challenged Ben Bernanke about the intolerable burdens of potential regulation—this despite a 67 percent surge in JPMorgan’s first-quarter profits and a 1,500 percent raise in his own compensation from 2009 to 2010. As good times roar back for corporate America, it’s bad enough that CEOs are collectively sitting on some $1.9 trillion in cash—much of it parked out of the IRS’s reach overseas—instead of hiring. (How many jobs can you buy for $1.9 trillion? America’s total expenditure on the Iraq and Afghanistan wars over a decade has been $1.3 trillion.) But what’s most galling is how many of these executives are sore winners, crying all the way to Palm Beach while raking in record profits and paying some of the lowest tax rates over the past 50 years.

The fallout has left Obama in the worst imaginable political bind. No good deed he’s done for Wall Street has gone unpunished. He is vilified as an anti-capitalist zealot not just by Republican foes but even by some former backers. What has he done to deserve it? All anyone can point to is his December 2009 60 Minutes swipe at “fat-cat bankers on Wall Street”—an inept and anomalous Ed Schultz seizure that he retracted just weeks later by praising Dimon and Lloyd Blankfein as “very savvy businessmen.”

 AND –

personal Zelig, the former Clinton Treasury secretary and Harvard Corporation stalwart Robert Rubin. In The Audacity of Hope, published in late 2006, Obama called Rubin, then busily cheerleading the excessive risk at Citigroup, “one of the more thoughtful and unassuming people I know.” Two years later, when Citi cratered and threatened to take the economy with it, Rubin demonstrated his unassuming thoughtfulness by denying that he had anything to do with the toxic investments that cost taxpayers a $45 billion bailout and 52,000 Citi employees their jobs.

In his unseemly revolving-door career, Rubin not once but twice sped the Citi apocalypse—first in government, where he and his eventual successor as Treasury secretary, Larry Summers, championed the deregulatory policies that facilitated the consolidation of too-big-to-fail banks, and then in his $15 million-a-year role as Citi’s “guru,” where, by his own later account, he had no idea what was in the worthless paper the bank peddled to greedy dupes. You’d think Obama would have dumped him faster than he did the Reverend Wright, but that’s misreading him. Obama is preternaturally secure on thorny matters of race—as his magnificent speech on the subject made clear—and could distance himself from his preacher with no ambivalence. It’s “unassuming” braininess that’s his blind spot.

And so a parade of Rubin acolytes entered the White House, led by Geithner, a nearly lifelong civil servant so identified with the financial Establishment that even Mayor Bloomberg mistakenly introduced him as a Goldman alumnus at a public event in New York last year. It’s Geithner’s influence on policy, however, not his persona, that proved fateful. Not until March 2010 did the White House get its first explicit, modest jobs bill through Congress.

Obama had taken office at a true populist moment that demanded more than this. People were gagging over their looted 401(k)s and underwater homes, the AIG bonuses, and the bailouts. Howard Dean rage has never been Obama’s style—hope-and-change was an elegant oratorical substitute—and had he given full voice to the public mood, he would have been pilloried as an “angry black man.” But Obama didn’t have to play Huey Long. He could have pursued a sober but determined execution of justice and an explicit, major jobs initiative—of which there have been exactly none, the too-small stimulus included, to the present day.

By failing to address that populist anger, Obama gave his enemies the opening to co-opt it and turn it against him. Which the tea party did, dishonestly but brilliantly, misrepresenting Obama’s health-care-reform crusade as yet another attempt by the elites to screw the taxpayer. (The Democrats haplessly reinforced the charge with marathon behind-the-scenes negotiations with insurance and pharmaceutical-­industry operatives.) Once the health-care law was signed, the president still slighted the unemployment crisis. A once-hoped-for WPA-style public-works program, unloved by Geithner, had been downsized in the original stimulus, and now a tardy, halfhearted stab at a $50 billion transportation-infrastructure jobs bill produced a dandy Obama speech but nothing else.

Obama soon retreated into the tea-party mantra of fiscal austerity. Short-term spending cuts when spending is needed to create jobs make no sense economically. But they also make no sense politically. The deficit has never been a top voter priority, no matter how loudly the right claims it is. At Obama’s inaugural, Gallup found that 11 percent of voters ranked unemployment as their top priority while only 2 percent did the deficit. Unemployment has remained a stable public priority over the deficit ever since, usually by at least a 2-to-1 ratio. In a CBS poll immediately after the Democrats’ “shellacking” of last November—a debacle supposedly precipitated by the tea party’s debt jihad—the question “What should Congress concentrate on in January?” yielded 56 percent for “economy/jobs” and 4 percent for “deficit reduction.”

AND –

There’s not much Obama can do to alter the economy by 2012, given the debt-ceiling fight, the long campaign, and nihilistic Capitol Hill antagonists opposed to any government spending that might create jobs and, by extension, help Obama keep his own. But the central question before the nation couldn’t be clearer: Who pays? The taxpayers bailed out the elite; now it’s the elite’s turn to return the favor. Massive cuts to the safety net combined with scant sacrifice from those at the top is wrong ethically and politically. It is, in the truest sense, un-American. Obama knows this, and he hit a welcome note last week when he urged some higher corporate taxes for hedge funds and the like. But his forays in this direction are tentative and sporadic. You have to wonder why he isn’t seizing the moment to articulate and fight for the big picture instead of playing a lose-lose game of rope-a-dope with the Republicans on their budgetary turf.

Some Obama fans think it’s tactical genius that’s holding him back—his fabled long ball. Americans are no longer as angry as they were in January 2009 so much as they are defeated, depressed, and jaded by the slow recovery and by four decades of raging inequality that tells them the deck is stacked no matter who’s in Washington. Better, then, not to ruffle these still waters—or those easily rattled independents fetishized by political consultants—and instead scare seniors about imminent Medicare cutbacks and plot deep-think policy initiatives that (like health-care reform) might fix America over time. But the voters’ placidity hardly augurs well for Democratic turnout in 2012. And it may not last. All that’s required is one more economic panic to shatter the phony peace and whip the rage back to center stage, once again to the right’s advantage.

“A nation cannot prosper long when it favors only the prosperous,” Obama declared at his inauguration. What he said on that bright January morning is no less true or stirring now. For all his failings since, he is the only one who can make this case. There’s nothing but his own passivity to stop him from doing so—and from shaking up the administration team that, well beyond the halfway-out-the-door Geithner and his Treasury Department, has showered too many favors on the prosperous. This will mean turning on his own cadre of the liberal elite. But it’s essential if he is to call the bluff of a fake man-of-the-people like Romney. To differentiate himself from the discredited Establishment, he will have to mount the fight he has ducked for the past three years.

The alternative is a failure of historic proportions. Those who gamed the economy to near devastation—so much so that the nation turned to an untried young leader in desperation and in hope—would once again inherit the Earth. Unless and until there’s a purging of the crimes that brought our president to his unlikely Inauguration Day, much more in America than the second term of his administration will be at stake.

The Obama presidency has been one endless series of failures, cave-ins, half-measures, broken campaign promises, capitulations and pissed away opportunities for change. The only good moment for the man who failed to close Gitmo or even better yet send Lloyd Blankfein and the rest of the Wall Street criminals there was the hit on the bad assed bogeyman of the past decade Osama bin Laden, days after a blistering dressing down of the pompous ass that is Donald Trump. Even that was a failure in that Obama failed to use the bully pulpit once again to wave our Emanuel Goldstein’s bloody scalp, perhaps it had something to do with the missing body but you get the point. That the fascist GOP is actually looking like an alternative to Obama in the form of Mitt Romney prancing about I his magic red, white and blue underwear is a stunning example of how badly that Obama has been up to this point. I really loved Rich’s line about the O-Bots, those who are the same type of apologists for Barry O. that drove the left so batshit during the Bush years. Rich wrote “ Some Obama fans think it’s tactical genius that’s holding him back—his fabled long ball.” To this I quote myself from a previous post entitled Money Doesn’t Talk: It Swears:

There will be no help for anybody but the pigs at Goldman Sachs and JP Morgan Chase coming from the Obama administration, face it people, the only change that the Pope of Hope really ever stood for was to provlde left cover for the gargantuan upwards redistribution of wealth. Obama is quite obviously even worse than Bush as the wars continue and mount in number (under the malarkey guise of humanitarian interventions), the torture never stops, the constitution continues to be disemboweled and the airports are filled with dooling thugs in TSA uniforms with the full blessing of the U.S. government to feel up pre-pubescent little boys and girls. Hell, Bush never could have gotten away with that one and when it comes to economic relief, Le Enfant Terrible did actually send people checks for $600. I always got a sardonic little kick out of the silly liberals who only made excuses for Obama (and still do) in that he was the chess master, or Michael Jordan just studying the opposing team’s defense and ready to explode at any moment into a whirling dervish of athletic daredeviltry as he broke down the formidable defense of the Bad Boys for the championship hardware. The truth, and it is as dark as the proverbial black steer’s tookus on a moonless prairie night is that Obama is the chessmaster, it’s checkmate for the working class and he is just like Michael Jordan, a greedy, amoral, selfish millionaire prick who once commented that “Republicans buy sneakers too” rather than doing the right thing in using his global celebrity to promote progressive social change.For some reason Jordan’s famous quote conjures up one of Obama’s, the one where he proclaimed that if Americans were being denied their right to collectively bargain that he would put on his own pair of comfortable shoes and join them on the picket lines. This alas like so many other things (wars,closing Gitmo, renegotiating trade pacts etc) was just more of the same bullshit about hope and change marketed by Wall Street’s soon to be new bagman at 1600 Pennsylvania Ave.

Granted that Obama inherited a disaster from his predecessor but his leadership skills quite frankly suck, and I am being diplomatic here, he is a spineless weasel and just another Ivy League educated elitist who couldn’t give a rat’s ass about the little people. The image makers really hit it big with Obama, it was like the Huxtable family goes to Washington and it was lapped up by schmucks across America including this blogger who held his nose and voted for Obama instead of Nader or Cynthia McKinney. It was more the image that I saw of Hitler standing next to German Chancellor Paul Von Hindenburg that was juxtaposed with one of John McCain and Sarah Palin that sealed the deal for me personally. I wasn’t expecting much but what I didn’t expect was an escalation of the worst abuses of the Bushreich including the domestic spying, government sanctioned sexual abusers feeling up children in airports, more wars, attacks on whistleblowers and the obviously disgusting green light given to the capitalist predators on Wall Street to continue to suck the marrow from the bones of the dessicated remains of the middle class with their revolving door between government and their New York casinos.

Obama is going to have to be slicker than a greased hamster at Bohemian Grove to beat back the Romney challenge, fuck the teabaggers, do you honestly think that the real overlords of this lemming colony would EVER let Michele Bachmann anywhere near the nuclear launch codes? Romney is perfect and despite the cries of heresy that this may elicit from my progressive and liberal friends he, a Mormon if elected president on the Republican ticket could do more damage to the culture warriors than Pat Buchanan did during his infamous call to arms at the 1992 GOP convention in Houston. A strident diatribe that was so over the top that the great departed Texas gadfly Molly Ivins once pegged dead on as “it probably sounded better in the original German”. Romney would do a good job of giving the Republicans a badly needed mange dip, spanking the ferociously superstitious Christian Right base that soaked up the former libertarian Tea Party like a mop dragged through a pool of vomit.

I have zero faith in Obama ever doing the right thing, the lack of alternatives is a damning indictment of just how badly that the American political system has failed.

 

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Naomi Wolf on the Tea Party

If you have known my work there are a few people who I immensely respect the opinions of, two of them being Chris Hedges and Naomi Wolf. Both have new pieces, Hedges gets right to it in his Is America “Yearning for Fascism” and Wolf’s provocative Tea Parties Help Fight Fascism (it is actually an interview done by a Justine Sharrock). I have been very clear since I have started doing this that my number one priority is fighting the new American fascism, that is it because truly, if we fail at that nothing else is going to ultimately matter. I have lately run afoul of some of my liberal friends for uttering the heresy that there are elements in the Tea Party movement that could be allies and who have been sucked in as a result of an absence of any sort of anti-oligarchy movement on the ‘left’. I truly believe this, the inconvenient truth of the Tea Party movement is that it originated long before greaseball Rick Santelli’s staged CNBC rant and had roots in 9/11 Truth and the Ron Paul movement. The Tea Parties were independent and largely libertarian before the Gingrichian scum, Beckers and Palinazis were used by the Republican fascist party to hijack the movement. What we are seeing with the racism, violence and other filth is really just the same old Republican dead ender base only re-branded. There are however lots of frustrated people who are turning to this movement because there is nowhere else to go, fault the liberals and progressives and their bullshit focus on ridiculous social issues, their abandonment of the antiwar movement and the reliance on the corporatist DemocRAT party and the teflon coated bullshit salesman that is Barack Obama.
I excerpt the following from Hedges who as been spot on in his recent attacks on the failure of liberalism (see Liberals are Useless) in serving as a counter to the fascist tide. This is from his latest piece:

The Democrats and their liberal apologists are so oblivious to the profound personal and economic despair sweeping through this country that they think offering unemployed people the right to keep their unemployed children on their nonexistent health care policies is a step forward. They think that passing a jobs bill that will give tax credits to corporations is a rational response to an unemployment rate that is, in real terms, close to 20 percent. They think that making ordinary Americans, one in eight of whom depends on food stamps to eat, fork over trillions in taxpayer dollars to pay for the crimes of Wall Street and war is acceptable. They think that the refusal to save the estimated 2.4 million people who will be forced out of their homes by foreclosure this year is justified by the bloodless language of fiscal austerity. The message is clear. Laws do not apply to the power elite. Our government does not work. And the longer we stand by and do nothing, the longer we refuse to embrace and recognize the legitimate rage of the working class, the faster we will see our anemic democracy die.

Dynamite stuff and true, the pompous asses of the liberal blogosphere like Zuniga, Huffington and their ilk have instead of harnessing the energy of their presence into true and lasting change have largely sold out to become propagand arms of a corrupt and morally repugnant Democratic party. Many of us who used to run with those folks have noticed the ostracism and disapproval now that we have begun to criticize the Democrats, they aren’t down with caustic and bombastic language when it is directed at their own shortcomings. There is no way in hell that Bush EVER could have gotten away with what Obama has to this point legitimized, especially the naked body scanners that will soon be everywhere. So with this being said I am going to feature the piece with Wolf’s commentary on the tea parties (or the saner elements that are NOT cookie cutter Republican racist scum) that is sure to put a bug up the perpetually puckering assholes of many liberals – it sure did it for Mike Malloy on his show the other night when he read it in it’s entirety – I have highlighted the most interesting and relevant parts:
Naomi Wolf Thinks the Tea Parties Help Fight Fascism — Is She Onto Something or in Fantasy Land?
By Justine Sharrock, AlterNet
In her bestselling End of America, Naomi Wolf outlines the 10 warning signs that America is headed toward a fascist takeover. Using historical precedents, she explains how our government is mimicking those of Mussolini, Hitler and Stalin through practices like surveillance of ordinary citizens, restricting the press, developing paramilitary forces and arbitrarily detaining people.

The book was lauded by liberals under Bush: the Independent Publishers gave it the Freedom Fighter Award; John Nichols at the Nation named it the most valuable political book of 2007. Now, under President Obama, Wolf’s book is providing ammunition for the Tea Partiers, Patriots, Ron Paul supporters and Oath Keepers, who also warn of impending tyrannical government. Even when the book first came out pre-Obama, Alex Jones, Michael Savage and Fox News invited her on their shows, and agreed with her.

It’s not just her message. She speaks their language, referring to the Founding Fathers and American Revolution as models, admitting to a profound sense of fear, warning of tyranny, fascism, Nazism and martial law. When Glenn Beck warns of these things we laugh. When Wolf draws those same connections, we listen. How can both sides be speaking the same language, yet see things so differently? Or are we just not listening to each other? I telephoned Wolf to ask her what it means when your book ends up bolstering policies you oppose.

Justine Sharrock: First off, is your book still relevant under Obama?

Naomi Wolf: Unfortunately it is more relevant. Bush legalized torture, but Obama is legalizing impunity. He promised to roll stuff back, but he is institutionalizing these things forever. It is terrifying and the left doesn’t seem to recognize it.

JS: Did you realize that your book is being lauded within the Tea Party and patriot movements?

NW: Since I wrote Give Me Liberty, I have had a new audience that looks different than the average Smith girl. There is a giant libertarian component. I have had a lot of dialogue with the Ron Paul community. There are [Tea Partiers] writing to me on my Facebook page, but I figured they were self-selective libertarians and not arch conservatives. I am utterly stunned that I have a following in the patriot movement and I wasn’t aware that specific Tea Partiers were reading it. They haven’t invited me to speak. They invited Sarah Palin.

JS: If they did invite you, would you speak at a Tea Party?

NW: I would go in a heartbeat. I’ll go anywhere to talk about the Constitution. I believe in trans-partisan organizing around these issues. When I went on Fox News people asked me why I was going on those shows. Are you kidding? You have to go, especially to people you don’t agree with. We need to get back into grappling with people we disagree with if we want to restore the Republic.

I was invited by the Ron Paul supporters to their rally in Washington last summer and I loved it. I met a lot of people I respected, a lot of “ordinary” people, as in not privileged. They were stepping up to the plate, when my own liberal privileged fellow demographic habituates were lying around whining. It was a wake-up call to the libertarians that there’s a progressive who cares so much about the same issues. Their views of liberals are just as distorted as ours are of conservatives.

JS: Why do you think the sides don’t understand each other?

NW: Frankly, liberals are out of the habit of communicating with anyone outside their own in cohort. We have a cultural problem with self-righteousness and elitism. Liberals roll their eyes about going on “Oprah” to reach a mass audience by using language that anyone can understand even if you majored in semiotics at Yale. We look down on people we don’t agree with. It doesn’t serve us well.

There is also a deliberate building up of two camps that benefits from whipping up home team spirit and demonizing the opposition. With the Internet there is even more fractioning since we are in echo chambers. With so much propaganda it is hard to calm down enough to listen.

JS: What do you think is the biggest misconception about the Tea Parties?

NW: The Tea Party is not monolithic. There is a battle between people who care about liberty and the Constitution and the Republican Establishment who is trying to take ownership of it and redirect it for its own purposes.

JS: In your essay, “Tea Time in America” you said that some of the Tea Party’s proposals are “ahead of their time.” What are some examples?

NW: I used to think “End the Fed people” were crackpots. The media paints them as deranged. But it turned out we had good reason to have more oversight. Or take their platform about states’ rights. Demographically, I’m a hippie from San Francisco and I’m not culturally inclined to be sympathetic to states’ rights. My cultural heritage is FDR and Medicare and federal government solutions. But if you think through the analysis, strengthening state rights is a good corrective of the aggregation of an over-reaching federal power. Take California’s challenge of the Patriot Act or states like Vermont leading the way with addressing the corruption of the voting system. It’s a good example of the Tea Party thinking out of the box on how to address a problem.

JS: That’s interesting because strengthening states’ rights is key to their entire platform, including protesting health care reform. Would you call yourself pro-Tea Party?

NW: Even though I’m appalled when racism surfaces, and I personally don’t agree with certain policy solutions and a lot of what they believe in, as someone who is very concerned about reinvigorating democracy the Tea Parties are an answer to what I asked for.

I was basically saying don’t sit around waiting for the two corrupted established parties to restore the Constitution or the Republic. The founding generation was birthed by the rabble of all walks of life that got fed up and did risky things because they were captivated by the breath of liberty. There is a looming oligarchy and it is up to the people to organize a grassroots movement and push back. You guys have to do it yourself. Their response is the most visible and the initiative they show is the most recognizable. People of all kinds are waking up. Even people passionate for Obama realize even that knight on a white horse isn’t enough to roll back the oligarchy. I’m seeing a lot of action on the left as well that is never reported. But the Tea Party response is the most visible and the initiative they show is the most recognizable.

JS: How do you feel about your books bolstering a fight for policies you don’t agree with?

NW: If people are taking my book seriously and organizing, getting into office, caring about the constitution, and not waiting for someone else to lead them, I think, God bless them. All of us should be doing that. The left should be doing that. There is always the risk in advocating for democracy that the first people to wake up might not be your team, but that is a risk worth taking. I would rather have citizens I don’t agree with organized and active than an oligarchy of people that I agree with.

JS: These days the kinds of comparisons you make in your book between America and Nazis and fascists are mostly coming out of the mouths of people like Glenn Beck and Alex Jones. What do you make of the commonality of the rhetoric?

NW: There is no question that the right-wing idea machine saw how that message was resonating in the run-up to the last election. A YouTube video of a speech I gave went viral and got 850,000 hits. I’m not saying that is the only thing that caused this, but there is no question that the Republican and the right wing are quick to co-opt the strategic language that’s resonating on the other side and turn it against itself.

JS: How is your comparison of Obama to Hitler any different from someone at a Tea Party holding up a placard of Obama with a Hitler mustache?

NW: Those signs are offensive. If only the Holocaust was just about imposing health care on my people. Obama has done things like Hitler did. Let me be very careful here. The National Socialists rounded people up and held them without trial, signed legislation that gave torture impunity, and spied on their citizens, just as Obama has. It isn’t a question of what has been done that Hitler did. It’s what does every dictator do, on the left or the right, that is being done here and now. The real fight isn’t left or right but between forces of democracy across the spectrum and the forces of tyranny.

JS: People criticize Beck’s use of that kind of language as incendiary and hyperbolic. Why is your use any different?

NW: Every time I use those analogies, I am doing it with a concrete footnoted historical context. When people like Glenn Beck throw around the word Nazi without taking that kind of care, they are engaging in demagoguery. There’s an important difference.

JS: What about your warnings about concentration camps and martial law? How do they compare to conspiratorial fears about FEMA concentration camps?

NW: With the FEMA rumor, I have heard some suggestive first-person accounts that some good reporters should follow up on. But until I see two well-documented sources of it, I can’t speak to it at all.

JS: Well, more generally, you talk about the possibility of concentration camps and martial law.

NW: I think we have gone very far down that road. I met Muslim immigrants in Brooklyn who were swept up in 9-11 raids, held in abusive conditions, beaten, denied rights. That’s how things started in Germany. Guantanamo was modeled after what Stalin developed for the Gulag. Why are we engaged in psychological denial that it’s not a concentration camp? In terms of martial law, my god. Since the book came out they deployed a brigade in the U.S. and suspended the Posse Comitatus Act. There is no question that it’s something to take seriously. People have a histrionic view of what martial law will look like.

I’m not worried that tomorrow there will be a battalion outside your Greenwich Village apartment. I’m worried about things like the McCain Liberman bill that would define enemy belligerents so loosely it would include Americans, which is just like Stalin and Hitler and Mussolini. If Obama tries people with military tribunals, setting that precedent, that is what a military state does. That is what martial law looks like. From a constitutional point of view Bush passing through the Patriot Act is no worse than Obama renewing it.

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

The Beckers: A Dick Armey of Darkness

“The preparations for Hate Week were in full swing, and the staffs of all the Ministries were working overtime. Processions, meetings, military parades, lectures, waxworks, displays, film shows, telescreen programmes all had to be organized; stands had to be erected, effigies built, slogans coined, songs written, rumours circulated, photographs faked..”.

– George Orwell

The angry, shrieking hordes came forth this weekend in the nation’s capitol, waving their racist placards, their bagged birth certificates, their Gadsden flags and their Nancy Pelosi Nazi signs. The were legion and they got media coverage, unlike the massive antiwar demonstrations during the darkest days of the Bushreich when these phony patriots, aggrieved citizens and authority worshipping swine were content the ‘Bomb Em All and Let God Sort Em Out’ foreign policy of their Jesus kissed emperor. It was a gathering of blistering hatred, many smaller ‘tea parties’ were being staged across the fruited plain on that marvelous day, the day after the hallowed 8th anniversary festivities that marked the coming of the glory of the lord on that historic Tuesday morning when the American Reichstag Fire dragged us kicking, screaming and swaddled in the almighty stars-n-stripes into the New American Century.

Hey, Rube” is an old-timey phrase, coined in the merciless culture of the traveling carnival gangs that roamed from town to town in the early 20th century.

Every stop on the circuit was just another chance to fleece another crowd of free-spending Rubes – Suckers, Hicks, Yokels, Johns, Fish, Marks, Bums, Losers, Day Traders in Portland, fools who buy diamonds from gypsies, and anyone over the age of nine in this country who still believes in his heart that all cops are honest and would never lie in a courtroom.

These people are everywhere. They are Legion, soon to be a majority, and 10,000 more are being born every day. It was P.T. Barnum, the Circus man, who explained the real secret of his vast commercial success by repeating his now-famous motto, “There’s a sucker born every minute,” in this country, ahd his job was to keep them amused, with a zeal that has never been equaled in the history of American show business.

Barnum knew what people wanted: Freaks, Clowns, and Wild Animals. The Barnum & Bailey Circus came to town only once a year, and those days were marked as sacred holidays on the John Deere calendars of every Rube in America…. Those dates were special; many schools closed when the Circus came to town, and not every student returned when the public frenzy was over. “Running away with the Circus” was the dream of every schoolboy and the nightmare of every mother with a bored and beautiful daughter.

– Hunter S. Thompson

The slow roiling boil on the cauldron of hate that is 2009 America was on full display over the weekend, the crazed, bug-eyed masses engaged in a cacophony spittle filled invective at the nigger socialist who would kill granny, enslave the white race and tax hard working Murkans to pay for abortions and sex changes for queers was like the racket of thousands of braying goats in a briar filled pen. They marched to the orders of the deranged FOX demagogue General Glenn Bethlehem Beck and devious Dick Armey, a veteran lobbyist so crooked that he has to screw his pants on every morning. They all had one thing in common, they wanted revenge, blood revenge against a system that long ago fucked them over and left them for dead, never mind that it was the bankers, the blood barters of the military industrial complex (they NEVER protest the wars), the free traders who long ago booked their passage on a ship of fools sailing down a river of shit with the final destination being the cesspool of Ayn Randian Fuck You, I Got Mine Capitalism. And of course we can’t forget their false prophet preachers, the ones who are on the dole and take graft from Zionist lunatics and American militarists alike to peddle Tim LaHaye and Hal Lindsey’s apocalyptic drivel that so nicely coincides with American Imperialism and the drive for Israeli Lebensraum. Suckers all and sheep being led to the slaughter.

The problem is that these particular sheep are heavily armed, have a king hell sized axe to grind and have been indoctrinated for decades, perhaps for their entire miserable existence on this rapidly combusting orb that is Planet Shit. They have a fascist propaganda system that has made the term liberal into what Juden was in Weimar Germany and the well paid demagogues who are there to ensure that when the shit does hit the fan that the scapegoats will be the usual victims rather than the evil oligarchy that only exists because the rubes, peckerwoods and dopes can so easily be fed lies and divided against each other. Note the power of the media, a vile and pernicious institution that exists solely to protect the status quo, an unruly idiot named Joe Wilson from South Carolina was rewarded for bad behavior (a speciality in this rotting society) when he shouted “YOU LIE” during the Pope of Hope’s Wednesday address before Congress. He has become a new figurehead, a hero and thanks to the idiots in the Pelosi-Hoyer House who will be censured and his ticket punched as a hero to the angry hordes of Birthers, Deathers, Birchers and Beckers.

Of course much of this fifth column uprising is nothing more that another version of Nixon’s Southern Strategy or in layman’s terms Blame it on the Niggers, a huge portion of the recent animosity is being driven by a large number of racists and veteran haters who just cannot come to terms with a black President. There would be no gun totin’ neoConfederates out in force had the President been white, you can be sure of that. Note that in the crowd shots of these fools that there are no black faces, no Hispanics or anything other than angry white people and their handlers. What is most troubling though is that a large amount of people at these Astroturfed uprisings are not just racists but are legitimately angry at a system that sees them as no more than debt slaves, corporate chattel and useless eaters. They are just well meaning but confused people who still believe the sewage that flows forth from their television sets, still believe that the mainstream corporate media is their biggest enemy and are confused. The problem is that due to a complete lack of organization they are easy pickings for carnival barkers like Beck who in any sane society would be hawking tickets outside the geek tent for the feces eating contest somewhere in the deep south.

My good friend Diane who is the proprietor of the blog The Wild Wild Left actually attended one of the local gatherings the other week, she writes about it here and in talking to her last week she confirmed that the lunatic fringe was not the majority at these orchestrated flea circuses, a good many of the people could be reached if there were any sort of organizing force on the left that still existed in this country long ago sold out for chump change at the company store. There is something in the American conscience that is all too willing to blame their growing misfortune, especially when it comes to economic terms on THE OTHERS and the great independent blogger Glenn Greenwald, a man who puts the MSM to shame ans is hated gets at it in his recent piece: Who are the undeserving “others” benefiting from expanded government actions? from which I excerpt the following:

That’s what accounts for the gaping paradox of these protests movements: genuine anger (over the core corruption of Washington and the eroding economic security for virtually everyone other than a tiny minority) is being bizarrely directed at those who never benefit (the poorest and most downtrodden), while those who are most responsible (the wealthiest and largest corporations) are depicted as the victims who need defending (they want to seize Wall St. bonuses and soak the rich!!). Several months ago, Matt Taibbi perfectly described the bizarre contradiction driving these protests:

After all, the reason the winger crowd can’t find a way to be coherently angry right now is because this country has no healthy avenues for genuine populist outrage. It never has. The setup always goes the other way: when the excesses of business interests and their political proteges in Washington leave the regular guy broke and screwed, the response is always for the lower and middle classes to split down the middle and find reasons to get pissed off not at their greedy bosses but at each other. That’s why even people like [Glenn] Beck’s audience, who I’d wager are mostly lower-income people, can’t imagine themselves protesting against the Wall Street barons who in actuality are the ones who fucked them over. . . .

Actual rich people can’t ever be the target. It’s a classic peasant mentality: going into fits of groveling and bowing whenever the master’s carriage rides by, then fuming against the Turks in Crimea or the Jews in the Pale or whoever after spending fifteen hard hours in the fields. You know you’re a peasant when you worship the very people who are right now, this minute, conning you and taking your shit. Whatever the master does, you’re on board. When you get frisky, he sticks a big cross in the middle of your village, and you spend the rest of your life praying to it with big googly eyes. Or he puts out newspapers full of innuendo about this or that faraway group and you immediately salute and rush off to join the hate squad. A good peasant is loyal, simpleminded, and full of misdirected anger. And that’s what we’ve got now, a lot of misdirected anger searching around for a non-target to mis-punish . . . can’t be mad at AIG, can’t be mad at Citi or Goldman Sachs. The real villains have to be the anti-AIG protesters! After all, those people earned those bonuses! If ever there was a textbook case of peasant thinking, it’s struggling middle-class Americans burned up in defense of taxpayer-funded bonuses to millionaires. It’s really weird stuff.

This is largely why the system is ultimately so successful in playing us off against each other and in race baiting (my theory is that it is just the latest adaptation of the Nazi 101 playbook) but in the Becker movement there has been the added variable that they have very easily hijacked and assimilated the Ron Paul movement, it was already there as an exo-skeleton and the demented Beck with his populist shtick has been able to appeal to the basest and most vile instincts of the fucked over masses and insert his worm-filled brain into the control center of the exo-skeleton. The movement was already there, I have in the past mentioned my being impressed with it as a counter force to fascist imperialism and the rapacious Federal Reserve but was mocked and shunned by many liberals. Now with the danger of this headless movement being hijacked I can see how it was so dangerous. I blogged about this yesterday in Nice Job Ron Paul Schmucks so check it out.

Of course the day of the maggot invasion of D.C. (the non-indigenous maggots that is) was planned to take advantage of that holiest of holies 9/11 and the filthy exploitative 9/12 Project of Beck (when in the fuck is someone going to start a 9/10 Project aimed at restoring civil liberties, ending illegal wars and denouncing torture and domestic spying?, the fine Murkans marching in the Beck Apartheid Army don’t seem to mind that sort of thing. The fear filled pants shitters in The Homeland got a big scare on fraidy Friday when reports of a Coast Guard exercise on the Potomac had white knuckle America on the brink of DEFCON 4. The damned liberal New York Times covered the Becker Bund yet could give a rat’s ass when it comes to antiwar marches of legitimacy instead of garish sideshows like the teabagger freaks. It was nice to see the obvious debunking of the crowd estimates shame the right wingers but they don’t give up.

Just for the hell of it over the weekend I weekend I dropped by Alex Jones’ Infowars blogs to denounce the alliance of Ron Paul, 9/11 Truth and others with the Becker fascist uprising. I want to say that I like Jones’s work but he offsets the excellent 25 percent of it with nationalist tripe, fear mongering, Bircher paranoia and other bizzare shtuff. I went on for awhile but eventually my posts began being censored whenever I posted that if anyone is a Commie it is that foreign wombat fucker Rupert Murdoch for his tangos with the authoritarian Communist Chinese regime. A sleazy, country destroying parasite like Murdoch has just about sucked the U.S. dry and is moving on to more lucrative markets. For some reason this was deserving of being smacked down by the so-called info-warriors whose ill advised fornication with the Beckers is only going to result in them being blamed when Batshit Beck succeeds in goading one of his minions into an assassination attempt on Obama or a Timothy McVeigh style domestic terrorist attack.

Don’t say that I didn’t try to warn them. But alas, I am out of time for now so I will resume this at a later time.

Just my two cents over the mornin’ cup of 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

 

Goldman Sachs Sucks Our Marrow

“Greed is a fat demon with a small mouth and whatever you feed it is never enough.”


– Jan Willem Van De Wetering

The battle has now been joined by the Great Satan (aka Goldman Sachs) as the brilliant Matt Taibbi piece has fortunatly gone viral thanks to bloggers. When the pigs on Wall Street, their legal armies and on call public relations propagandists turn into pirannhas as they are with this piece the fuckers are on the run. The seige on CNBC’s drooling house baboon Jim ‘Mad Money’ Cramer that was kicked off by comedian Jon Stewart was beaten back with a disinformation laden blitzkrieg and the moneychangers regained control of the temple. It’s all been the hogwash of the GREEN SHOOTS ever since. And despite the dismal news contained in yesterday’s jobs report the long weekend couldn’t come at a more fortuitous time as the gold plated cocksuckers will regroup once again and launch a saturation bombing campaign of more goddammed lies.

Give some credit where it is due to Rolling Stone magazine, after initially witholding Mr. Taibbi’s withering takedown of Goldman Sachs entitled The Great Bubble Machine from internet users it has finally seen fit to put it online. Probably sound business on their part since the absence of it on their site only fueled the fire. Now today, the agents of the ivory tower piggies are in full attack mode, there is certainly no shortage of sewage flying in Taibbi’s direction – the good ole pejorative of choice to those who dare to ask questions “conspiracy theorists” has been nailed into his skull like a crown of thorns (some might find the delicious irony in this since Taibbi was the one who punched his ticked by sliming 9/11 truthers) and he is very likely being measured for one of those wooden crosses that are erected whenever the whores in the establishment media are summoned to perform a public crucifiction on an out of line journalist or other ill mannered whistleblower. Here is just a sample of the early stages of the barrage that is directed at Taibbi for his transgression. The reputedly liberal New York Times (the former employer of Iraq war pitchwoman Judith Miller) has one entitled Goldman and Rolling Stone Writer Trade Barbs, Time has Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown, BNET has one entitled Uncovering the Goldman Sachs Myths, a particularly gut wrenching piece as it is from a looter capitalist apologist organ. I could list more but why fucking bother, the common talking point is that it is all conspiracy and that Taibbi is of course, not even a real journalist to begin with. Typical rancid establishment swill from all the garbage churned out of America’s so-called journalism schools who chose corporate shillhood as a career over honest reporting.

I have to admire Taibbi’s balls, he has come out in defense of his brilliant, Pulitzer Prize worthy piece with some nice rebuttals to the Great Satan and all of it’s well paid catamites. Here are two of them:

Goldman Sachs is Reeling Under Public Pressure

You acknowledge that we may monitor your use of the Services for our own purposes (and not for your benefit). We may use the resulting information for internal business purposes or in accordance with the rules of any applicable regulatory or self-regulatory body and in compliance with applicable law and regulation.

via Is Goldman Legally Frontrunning Its Clients? zero hedge.

After watching its thoroughly maladroit handling of several p.r. problems this week, I’m absolutely convinced that Goldman Sachs can be hurt if enough people keep piling on with the pressure. The latest evidence of this is its abject collapse in the face of questions from Zero Hedge about the possibility that it is using the data its takes from users of its website to front-run those same people.

Front-running takes place when a bank or broker-dealer– say, Goldman, Sachs — executes a trade for its own account before filling its customer’s order. Since a large enough trade (executed by institutional investors, for instance) can actually move the price of the security in question, front-running can be a very profitable activity. It’s sort of like fast-food insider trading. It is common knowledge that front-running on Wall Street is rampant, and I interviewed more than one person for my recent Rolling Stone story who accused Goldman of front-running its big clients in all sorts of arenas, from the internet IPO years to the commodities markets.

What caught Zero Hedge’s attention was a curious disclaimer uncovered on Goldman’s website, which includes a trading platform that visitors can use to execute trades. At one point the disclaimer read:

Monitoring by GS: Your use of the products and services on this Web site may be monitored by GS, and that the resultant information may be used by GS for its internal business purposes or in accordance with the rules of any applicable regulatory or self-regulatory organization.

Subsequently readers uncovered an even more sinister disclaimer that appears on other Goldman documents (see the quote at the top of this post with the key line “and not for your benefit”). So Tyler Durden over at Zero Hedge wrote to Goldman to ask if this meant what it quite obviously seems to mean, and got this response from the bank’s Senior Vice Scoundrel, Ed Canaday. Note the way he seems to be addressing Dick Durbin, which looks like a case of wish-fulfillment to me:

Dear Mr Durbin:

This is in response to your recent blog about our web site disclaimer. It is quite usual for websites to have disclaimers that refer to the monitoring of site usage. Most web sites, including yours we noticed, track usage by their visitors. This is primarily used for marketing and to help inform decision about enhancing content.

Your suggestion that we monitor our web site to facilitate front-running is untrue and offensive.

Sincerely

Ed Canaday
Vice President
Goldman, Sachs & Co.

In exactly the same manner that Goldman demonstrated with regard to my story, Canaday avoided any of the factual concerns that Zero Hedge presented about the curious disclaimer; in fact his letter, if anything, is such a classic non-denial denial that it really just confirms everyone’s worst suspicions. Most notably, he doesn’t specify what “internal business purposes” the company is talking about, and while he insists it is not front-running, it’s a very thin, curiously worded denial.

That a company as rich and powerful as Goldman would stoop to peering through the web version of a locker-room peephole to make a few extra pennies either front-running random trades or somehow using visitor data “not for their benefit” shows how completely and utterly morally absent this company is. There is not an ill-gotten dollar they will not chase, no matter how small or insignificant the sums might be.

Word should be spread about this and anyone who used the Goldman 360 portral for trading should seriously investigate this situation, as it is entirely possible you’ve been ripped off — legally, perhaps, although how much “legality” a disclaimer like that can confer is a serious question in my mind.

More to the point, the fact that Goldman is getting enough public pressure that it feels it has to respond to these queries shows that the company is reeling. And the fact that their public statements have been so hilariously transparent and clumsy shows that they’re rattled and don’t know how to handle this kind of heat, which they’re not used to getting. Kudos to Zero Hedge for applying the pressure; readers who want to see Tyler’s very funny response to Canaday should read here.

And in another piece…Taibbi punches back hard yet again!

On Giving Goldman a Chance

After my recent piece about Goldman, Sachs hit the newsstands last week, I started to get a lot of mail. Most of it was thoughtful and respectful criticism, although there was an amusingly large number of people writing in impassioned defense of their right, under our American system, to be ripped off by large impersonal financial companies. “If my pension fund is buying [crap mortgages] from Goldman, and my pension fund loses lots of value, that’s not Goldman’s fault,” wrote one reader. “No one is forcing anyone to buy anything. The only thing Goldman is guilty of is making profits.”

I’m not even going to go there – the psychology of a human being who would take the time to actually write in a complaint like that is so bizarre that it would take more time than I have today to even begin discussing it. One other complaint that I will address quickly, though, is the notion that I didn’t tell Goldman’s side of the story. “Not exactly a balanced approach,” complained one reader. “You should take an ethics class. You have to give the other side a fair shot.”

Actually I did contact Goldman and gave the bank every opportunity to respond to the factual issues in the article. I’m bringing this up because their decision not to comment on any of those questions was actually pretty interesting.

We figured ahead of time that Goldman was probably not going to respond to many of the allegations in the article, since its MO in the past with regard to hostile journalists has usually either been to make bald denials or to simply avoid comment (that’s when they’re not using the carpet-bomb litigation technique, as in the case of GoldmanSachs666.com). So what I decided to do the first time I approached them was to send a short list of simple factual questions. If the bank decided to engage us and educate us as to its point of view on these simple questions, we would send more queries and expand the dialogue.

Given this, I tried to make that first list of questions as basic as possible. I asked if Goldman would have turned a profit in Q1 2009 if it hadn’t orphaned the month of December 2008. Then I asked if Goldman had made changes to its underwriting standards during the internet boom years; if Goldman’s position was still that the steep rise in oil prices last year was due to normal changes in supply and demand; and if it could explain its 1991 request to the CFTC to have its subsidiary J. Aron classified as a physical hedger on the commodities market. Citing various sources, I also noted that some people had complained that its move to short the mortgage market in 2006 even as it was selling those same types of instruments proved that the bank knew the weakness of its mortgage products, and asked if the bank had an answer for that. And I asked if the bank supported cap-and-trade legislation, and if it was fair to say (as we planned to in the piece) that the bank would capitalize financially if such legislation was passed.

I intentionally put a lot of yes/no questions on that list. If the underlying thinking behind any of those questions was faulty, it would have been easy enough for them to say so and to educate us as to the truth. Instead, here is the response that we got:

“Your questions are couched in such a way that presupposes the conclusions and suggests the people you spoke with have an agenda or do not fully understand the issues.”

You have to have swallowed half a lifetime of carefully-worded p.r. statements to see the message written between the lines here. That this is a non-denial denial is obvious, but what’s more notable here is that they didn’t stop with just a flat “no comment,” which they easily could have done. No, they had to go a little further than that and – and this is pure Goldman, just outstanding stuff – make it clear that both I and my sources are simply not as smart as they are and don’t understand what we’re talking about. So the rough translation here is, “No comment, but if you were as smart as us, you wouldn’t be asking these questions.”

So now word filters through that Goldman has issued yet another statement in response to the piece, this one by amusingly-named mouthpiece Lucas Van Pragg. Again, the company does not take issue with any of the facts in the piece – not one. Here’s what he says:

Taibbi’s bubble case doesn’t stand up to serious scrutiny either. To give just two examples, even with the worst will in the world, the blame for creating the internet bubble cannot credibly be laid at our door, and we could hardly be described as having been a major player in the mortgage market, unlike so many of our current and former competitors.

Taibbi’s article is a compilation of just about every conspiracy theory ever dreamed up about Goldman Sachs, but what real substance is there to support the theories?

We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance of being a force for good.

Okay, let’s look at that bit piece by piece. Van Pragg takes issue with the bubble argument by citing two “examples” of the case not holding water, the first being:

… the blame for creating the internet bubble cannot credibly be laid at our door…
I kept waiting for the “because…” clause here, but there wasn’t one. He just says so and leaves it at that. Now there is obviously some measure of hyperbole in solely blaming Goldman Sachs for something like the internet bubble, or any of the other recent Wall Street disasters, for that matter. But you’d have to be absolutely crazy (and you wouldn’t need “the worst will in the world,” either) not to accept the notion that Goldman shouldered a significant portion of the blame for the internet mess. They were, after all, the leading underwriter of internet IPOs during the internet boom years. In 1999, at the height of the boom, they underwrote 37 internet companies, most of which had little or no history and were losing money at the time of the launch. By late 1999 Goldman was underwriting one out of every five internet IPOs. They were repeatedly caught and punished for manipulating the prices of their IPOs, either via laddering or spinning. Van Pragg doesn’t deny any of this, and just blithely says that one can’t credibly blame them for the internet bubble. I’m almost insulted by the lameness and half-assedness of that comeback, but that might be part of the point, to be insulting. He moves on:

…and we could hardly be described as having been a major player in the mortgage market, unlike so many of our current and former competitors.

Again, not to beat this into the ground, but in 2006, at the height of the housing boom, Goldman underwrote over $75 billion in mortgages, over $59 billion of which were non-prime. That represented 7% of the entire market, which seems like a pretty “major” slice to me. It is true that they did not jump so completely ass-first into the market as Lehman and Bear did (note Van Pragg’s bemused reference to “former competitors”), but if you read the piece, we noted why that doesn’t take them off the hook at all. Because while their “former competitors” (one of whom is clearly “former” in large part because a former Goldmanite, Hank Paulson, elected to save Goldman’s hide instead of Lehman’s) were dumb enough to hold their mortgage paper and be sunk by it, Goldman shorted their own crap, which means (and I know I’m repeating myself here) they knew that what they were selling was a loser. So while they maybe weren’t the biggest player, they were still a major player, and one can easily make the case that they were the most obnoxious player, given that they dove into this muck with their eyes wide open, unlike so many other idiots on Wall Street.

In the middle of this weirdly substanceless retort, Van Pragg then goes on complain about the lack of substance in the article, makes the predictable charge that the piece was a compendium of invented conspiracy theories, then moves on to “reject” the notion that the company inflates bubbles and profits in busts (about that last part: I recommend checking out Goldman’s profit/bonus numbers in 2002, 2008, and 2009 to date. I’m not sure how they can refute the notion that they have profited during the recent financial calamities). Lastly, he says that the bank is “painfully conscious” of the importance of being a force for good, which I noted with amusement is not quite the same thing as saying that that bank is a force for good, or wants to be.

So to sum up, this all translates as:

“Taibbi’s bubble case doesn’t hold water. To use just two examples, Taibbi’s internet bubble case doesn’t hold water, and we didn’t sell as many mortgages as Lehman Brothers. Taibbi’s article is a compendium of every other story about Goldman that doesn’t hold water. We reject these theories that do not hold water, and are aware of the difference between right and wrong, making us legally sane according to the law.”
I’m aware that some people feel that it’s a journalist’s responsibility to “give both sides of the story” and be “even-handed” and “objective.” A person who believes that will naturally find serious flaws with any article like the one I wrote about Goldman. I personally don’t subscribe to that point of view. My feeling is that companies like Goldman Sachs have a virtual monopoly on mainstream-news public relations; for every one reporter like me, or like far more knowledgeable critics like Tyler Durden, there are a thousand hacks out there willing to pimp Goldman’s viewpoint on things in the front pages and ledes of the major news organizations. And there are probably another thousand poor working stiffs who are nudged into pushing the Goldman party line by their editors and superiors (how many political reporters with no experience reporting on financial issues have swallowed whole the news cliché about Goldman being the “smart guys” on Wall Street? A lot, for sure).

Goldman has its alumni pushing its views from the pulpit of the U.S. Treasury, the NYSE, the World Bank, and numerous other important posts; it also has former players fronting major TV shows. They have the ear of the president if they want it. Given all of this, I personally think it’s absurd to talk about the need for “balance” in every single magazine and news article. I understand that some people feel differently, but that’s my take on things.

Such gross intransigence from a reporter in the age of the moneychangers is stunning, in fact it actually borders on outright blasphemy – shit, it brings to mind real muckrakers like the great Upton Sinclair. Talk about a David vs Goliath story for the modern era, Taibbi has put all the other so-called reporters that pollute our press, make excuses for the corrupt, milk the lurid excesses of the dumbed down cult of celebrity (currently on display with the necorphiliac corpse humping of Michael Jackson) and provide the bread and circuses that are necessary when our shiny newly minted (largely with Goldman Sachs money) reality show president come out and brags about saving the markets while millions are beggared to fucking shame and justifiably so.

Let’s hope that David has it in him to lob the killshot right into the testicles of the Goldman Sachs Goliath that has stomped on the necks of American’s for too long now.

Newsweek Newspeak

The green shoots, the most wonderful propaganda onslaught since General Petraeus’s heroic, Reaganesque winning of the Iraq war through the ‘SURGE’ has failed. The stinking undead zombie that is the U.S. economy has not been resurrected through the massive infusions of taxpayer dollars, perhaps spent billions on public relations and lobbying and the changing of the mark to market rules only bought times for the financial predators. The wonderful government subsidized markets are tanking again, there are still no jobs, the housing market is not at all improving, the banks aren’t lending and by the way, bombs are going off in Baghdad again. While neocons and Repiglicans have their panties in a bunch over Barack Obama’s not getting behind their little Iranian PSYOP the real outcry should be from every taxpayer in Der Heimat beause they have just been bent over backwards and butt-fucked by Barack’s Wall Street Dream Team into funneling billions into the Ponzi schemes, getting nothing but pink slips and foreclosure notices in return and are about to have any hope of a national health care ripped away by the corrupt, on-the-take non-term limited cesspool dwellers in Congress.

And the myth of Ronald Reagan is just like the one about Santa Claus, only silliness for the credulous little children of lemming land. Horseshit, total horseshit.

So Newsweek Magazine, a month or so after a ‘change’ to move away from celebrity swill in favor of more hard-hitting and provocative ‘journalism’ has after cover stories featuring celebrities Stephen Colbert and Oprah (so much for ‘change’) rolled out an issue with a cover story – GAG – The Capitalist Manifesto. The piece in question is written by that ubiquitous little geek Fareed Zakaria and in any sane and honestly run news operation would be more honestly entitled The Bullshit Manifesto. But then we are talking about Newsweek, a sorry shitrag that is owned by the Washington Post and is the fruition of the CIA’s Operation Mockingbird. The salad days of the WaPo and the crusading investigative journalism in the form of Bob Woodward (a man of questionable integrity) and Carl Bernstein have long been flushed down the memory hole and the herald for the beltway elite and well-connected is a shameful example of just how vile and corrupt that the American media has become. The WaPo last week fired its best columnist Dan Froomkin for his daring to go up against the insipid and overly influential neocon house shill Charles Krauthammer over torture. See Glenn Greenwald’s excellent pieces on the firing of Mr. Froomkin, the hiring of Paul Wolfowitz to augment the neocon Wurlitzer and the sad state of the establishment media in general. Oh, and Newsweek also offers a place for a slimy, bitter, chain smoking, fascist pigfucker Robert Bork to rail against Sonia Sotomayor as he continues to inveigh against all that was once decent or free in this rotting empire of gluttony and greed.

As for Zakaria his long essay in which he defends the scoundrels, money grubbers, chiselers, cheats, schemers, high rollers, paper dealers and four flushing TARP fund welshers and the vile cancerous economic system of capitalism had my bile rising before I was even into the second column. It starts out like this:

A specter is haunting the world—the return of capitalism. Over the past six months, politicians, businessmen and pundits have been convinced that we are in the midst of a crisis of capitalism that will require a massive transformation and years of pain to fix. Nothing will ever be the same again. “Another ideological god has failed,” the dean of financial commentators, Martin Wolf, wrote in the Financial Times. Companies will “fundamentally reset” the way they work, said the CEO of General Electric, Jeffrey Immelt. “Capitalism will be different,” said Treasury Secretary Timothy Geithner.

No economic system ever remains unchanged, of course, and certainly not after a deep financial collapse and a broad global recession. But over the past few months, even though we’ve had an imperfect stimulus package, nationalized no banks and undergone no grand reinvention of capitalism, the sense of panic seems to be easing. Perhaps this is a mirage—or perhaps the measures taken by states around the world, chiefly the U.S. government, have restored normalcy. Every expert has a critique of specific policies, but over time we might see that faced with the decision to underreact or overreact, most governments chose the latter. That choice might produce new problems in due course—a topic for another essay—but it appears to have averted a systemic breakdown.

“but it appears to have averted a systemic breakdown”?? Whaddafuck??? Jesus Fucking Christ, we are at the gates of Hell right now as a result of capitalism. However to highly paid ideologues like Fareed and his fellow travelers like Thomas Friedman who make a good chunk of coin on the circuit serving up globaloney to the suckers and don’t have to worry about the trivial existential horrors of the maxed out, stressed out, thrown out and fucked over and fucked out American on the streets the view is of course much different from atop the ivory towers. Here is some more of this rancid tripe:

Many experts are convinced that the situation cannot improve yet because their own sweeping solutions to the problem have not been implemented. Most of us want to see more punishment inflicted, particularly on America’s bankers. Deep down we all have a Puritan belief that unless they suffer a good dose of pain, they will not truly repent. In fact, there has been much pain, especially in the financial industry, where tens of thousands of jobs, at all levels, have been lost. But fundamentally, markets are not about morality. They are large, complex systems, and if things get stable enough, they move on.

More punishment? How about ANY punishment at all. Shit, those greedy pigs are the only ones that did get bailed out and are now engaged in a feverish orgy of speculation that will have gas at $5.00 a gallon by the time the snowflakes start falling, heating oil will also massively spike and along with the accompanying rise in food prices as commodity markets are cornered one hell of a lot of people are going to have to choose between heating and eating. So Zakaria should spare us that elitist scolding, we never did get to see Bill Maher’s suggestion of two bankers hanging from the big board at the NYSE with their balls in their mouth and other than a few big tokens who are going to be given show trials and slapped on the wrist the pain is all passed on to the shmoes and peasants as it always is in Capitalist Murka. It would be just too much to ask an egghead of Zakaria’s stature why a starving father can be busted stealing a can of fucking Chef Boyardee ravioli to feed his cold and hungry family and disappear into the bowels of the vast for profit prison gulag system while the treasonous looters are not only smacked on the wrist with a wet noodle but given more of the house money to piss away gambling. Here is another piece of the essay if, that is if you can stomach it:

A few years from now, strange as it may sound, we might all find that we are hungry for more capitalism, not less. An economic crisis slows growth, and when countries need growth, they turn to markets. After the Mexican and East Asian currency crises—which were far more painful in those countries than the current downturn has been in America—we saw the pace of market-oriented reform speed up. If, in the years ahead, the American consumer remains reluctant to spend, if federal and state governments groan under their debt loads, if government-owned companies remain expensive burdens, then private-sector activity will become the only path to create jobs. The simple truth is that with all its flaws, capitalism remains the most productive economic engine we have yet invented. Like Churchill‘s line about democracy, it is the worst of all economic systems, except for the others. Its chief vindication today has come halfway across the world, in countries like China and India, which have been able to grow and pull hundreds of millions of people out of poverty by supporting markets and free trade. Last month India held elections during the worst of this crisis. Its powerful left-wing parties campaigned against liberalization and got their worst drubbing at the polls in 40 years.

Whenever a neocon or in Zakaria’s case, a neoliberal scoundrel needs to invoke a bit of legitimacy with the masses of asses it is the bread and butter to bring up good ole Winston Churchill. And the drivel about capitalism lifting hundreds of millions up out of poverty is just that, in layman’s terms it’s total bullshit. Capitalism itself, is as iconic Wall Street god and role model to the Reagan generation of shit Gordon Gekko once eloquently put it “a zero sum game, somebody wins, somebody loses. Money itself isn’t lost or made, it’s simply transferred from one perception to another”. So Zakaria can engage in as much spin as necessary to argue his case, tell it to the millions of uninsured Americans, the jobless whose employment was shipped overseas to third world shithole sweatshops that are never seen. No, no no…when the shills for the financial cartels want an example of the wonders of globalization they show the glimmering steel and glass towers of modernity in Bangalore, just another Potemkin Village that obscures the ugly truth that capitalism is destroying the planet. Showing the slums, ghettos and slave labor staffed factories would interfere with the grand vision of the Lexus and the Olive Tree. I have had just about enough of the column that I can take without vomiting on my keyboard but just want to throw in this last little piece:

More broadly, the fundamental crisis we face is of globalization itself. We have globalized the economies of nations. Trade, travel and tourism are bringing people together. Technology has created worldwide supply chains, companies and customers. But our politics remains resolutely national. This tension is at the heart of the many crashes of this era—a mismatch between interconnected economies that are producing global problems but no matching political process that can effect global solutions. Without better international coordination, there will be more crashes, and eventually there may be a retreat from globalization toward the safety—and slow growth—of protected national economies.

Now the more conspiratorial (or to avoid the pejorative tin foil hatter – aware) types this is starting to sound strangely like a case for that dreaded New World Order aka a global corporate government that is being pimped. You can read the rest of the article yourselves if you have a high tolerance for bullshit. It bears mentioning that Fareed Zakaria is a Council on Foreign Relations mouthpiece and like the rest of his ilk is out there shilling for globalist predatory capitalism in a major publication like Newsweek. We are basically fucked right now because the establishment has rigged the game, Mr. Zakaria, like Obama is there to do the soft closing for those who are actually able to fucking read. For the rest, the prison camps await along with the reeducation to be a good little capitalist slave – think of O’Brien and his pet rats in Room 101, you get the picture.

The CFR along with all of these other big time elite groups (Bilderberg,Trilateral Commission, Davos, G8 etc) are nothing other than proponents for a global corporate state where we are all reduced to chattel and indentured servants in their system. Actually railing against these elitists is one of the few things that the knuckledraggers on the far right actually do that is remotely constructive – unfortunately it is then filtered through CIA fronts like the infamous John Birch Society to meld it with anti-immigrant racism, gun grabber paranoia and in the biggest lie of all turning it into a great Communist conspiracy rather than the quite obvious one of fascist corporatism. The future of capitalism is going to be patterned after that great model that is our top creditor China and the authoritarianism, censorship, goon squad paramilitary types who will grind our bones to make their bread. And this ties back into the Iran uprising, whether it is real, partially real, fomented by spooks or over sensationalized by the pocket media is irrelevant. Until Americans are ready to lay it on the line and take to the streets rather than sitting on their asses in front of state controlled television propaganda and don’t replace Twitter with guns then we are fucked. That’s just the way that it is and our revolution won’t be televised.

It is becoming more apparent that the shits won and won easily, hell our great savior for change Backless Barrack never even gave change a chance, just turned the policies over to pigs like Summers and Geithner so that they could save their casinos and their offshore money pools. The new issue of Foreign Affairs (the CFR journal) gives some time to the concept of G2 which is the U.S. and China. China is the perfect next stage of capitalism, once it has sucked the life out of the working and middle classes it needs an authoritarian police state to function at maximum capacity. Thanks to the Bushreich we already have the police state apparatus here (spying, paramilitary police etc) and not smiling Barack the new face for all of it is ensuring that generations will be condemned to corporate bondage, their fate has already been sealed with his acquiescence to Wall Street paper pushers.

I would recommend an alternative to Fareek Zakaria’s elitst propaganda in their polemic for the rich Newspeak. Harper’s Magazine, a fine, truly American intellectually solid publication has a wonderful cover story on the failure of the Pope of Hope, check out Barack Hoover Obama, subtitled The Best and the Brightest Blow it Again by Kevin Baker. It’s better written, more historically accurate and not delivered by the sort of conniving little swine who would piss down your back and try to convince you that it is raining for an establishment that swears 2+2=5.

Fareed Zakaria is nothing other than another manure monger and god knows that there is no fucking shortage of them here in our rotting, fucked over empire.

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.

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…