Financial Bailout Is Final Stage of a Coup
Stratus
Bush & McCain Blackmail America With Economic Terrorism
Ferocious fear-mongering rhetoric, possible cancellation of
presidential election as financial terrorists threaten Americans with
chaos unless power-grabbing bailout bill is passed
Paul Joseph Watson
Thursday, September 25, 2008
From shying away from even mentioning such terms as "recession,"
"unemployment" or "bank failures," Bush, Bernanke and Paulson are now
vigorously invoking the fear of financial meltdown as part of a
campaign of economic terror to blackmail the American people into
accepting the power-grabbing "bailout," while John McCain, who last
week said the fundamentals of the economy are strong, is now all but
threatening to cancel the election should the proposal not receive
swift passage.
Bush's speech last night was a throwback to his March 2003 stump
before the invasion of Iraq - replace words like "weapons of mass
destruction" with "financial panic" and the tone of the two is not
dissimilar.
Bush rammed home the fear by appealing to people's personal anxieties.
"More banks could fail, including some in your community. The stock
market would drop even more, which would reduce the value of your
retirement account. The value of your home could plummet. Foreclosures
would rise dramatically," barked the President.
"And if you own a business or a farm, you would find it harder and
more expensive to get credit. More businesses would close their doors,
and millions of Americans could lose their jobs."
Bernanke and Paulson spewed similar rhetoric during Tuesday's Senate
Banking Committee meeting. Compare their dire proclamations with their
outright refusal to even entertain the notion of a recession as little
as seven months ago.
Now Paulson tells us that people "should be scared" and that the only
solution is for taxpayers to foot the bill to the tune of $700 billion
dollars - a number we now learn was simply pulled out of thin air by
the Treasury - while the Federal Reserve swallows up all manner of new
regulation powers.
It seems that almost overnight these three stooges have gone from
behaving like sedated zombies to end-times doomsayers.
Furthermore, John McCain, the man who as recently as last week
proclaimed that "the fundamentals of the economy are sound," is now
canceling presidential debates, and some fear greasing the skids for
the postponement of the presidential election itself, by insisting he
and Obama "return to Washington" in order to put their weight behind
the bailout.
As the George Washington Blog notes, McCain is basically implying,
"Vote for the bailout or I'll pull out of the election".
The financial terrorism being perpetrated by Bush, McCain, Bernanke,
Paulson and the rest of these criminals in threatening Americans with
unbridled chaos unless they acquiesce to political demands, and the
coordinated ferocity with which it is being delivered, is necessary
for the crooks because they are desperate to get the bailout passed
before Congress really has a chance to digest exactly what it stands
for.
This is what's called the "shock doctrine," the accelerated passage of
what is essentially dictatorial legislation without proper scrutiny by
means of exploiting a temporary state of fear.
This is not just about $700 billion of taxpayers' money and the
continued sacking of the dollar, it's about the imposition of a giant
new infrastructure of control and regulation on behalf of the private,
run for profit, Federal Reserve.
Bush even alluded to it last night, stating that Paulson's bailout
would mean the "Federal Reserve would be authorized to take a closer
look at the operations of companies across the financial spectrum."
But this is merely scratching the surface. As Sen. Jim Bunning, R-Ky.,
said, "This massive bailout is not a solution. It is financial
socialism and it's un-American." In fact properly defined, one could
label it "national socialism," otherwise known as fascism.
As professor of economics at New York University Nouriel Roubini
framed it, welcome to the United Socialist States of America and "the
most radical regime change in global economic and financial affairs in
decades".
The plan was drawn up months ago, lying in wait for the right crisis
to see it enacted, just as the Patriot Act was prepared well in
advance of 9/11.
The Treasury's fact sheet about the bailout states, "The Secretary
will have the discretion, in consultation with the Chairman of the
Federal Reserve, to purchase other assets, as deemed necessary to
effectively stabilize financial markets."
This gives the government and the Federal Reserve carte blanche to do
whatever they want to long as it is done in the name of stabilizing
financial markets, they can nationalize any company or industry and
use taxpayer money, above and beyond the initial $700 billion, for
whatever purpose is deemed necessary, without any oversight. Paulson's
bailout plan is also unreviewable by any court, it will remain in
perpetuity.
"It sounds like Paulson is asking to be a financial dictator, for a
limited period of time," said historian John Steele Gordon.
Reporter Larisa Alexandrovna calls it "the final stages of the coup,"
noting, "This manufactured crisis is now to be remedied, if the fiscal
fascists get their way, with the total transfer of Congressional
powers (the few that still remain) to the Executive Branch and the
total transfer of public funds into corporate (via government as
intermediary) hands."
Curly Surmudgeon
Who is the terrorist, patriots who oppose tyranny or the Bush
Administration, Demopublicans and Republcrats who threaten economic
disaster if we refuse to relinquish rights and give unbridled power?
--
Regards, Curly
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The Bush Doctrine: Privatize Profits, Socialize Losses
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CHICKENSHIT MAGOO
"Stratus" <str...@usa.one> wrote in message
news:gbglca$6i3$1...@registered.motzarella.org...
>
> Bush & McCain Blackmail America With Economic Terrorism
Bush promised to help his 'base' early on. That's what he's doing.
Curly Surmudgeon
"This is an impressive crowd: the Have's and Have-more's. Some people call
you the elites. I call you my base."
--President George Walker Bush
None4You
"Curly Surmudgeon" <curlysu...@live.com> wrote in message
news:48dbee8a$0$22193$a826...@news.titannews.com...
> On Thu, 25 Sep 2008 12:45:41 -0700, CHICKENSHIT MAGOO wrote:
>
>>
>> "Stratus" <str...@usa.one> wrote in message
>> news:gbglca$6i3$1...@registered.motzarella.org...
>>>
>>> Bush & McCain Blackmail America With Economic Terrorism
>>
>> Bush promised to help his 'base' early on. That's what he's doing.
>
> "This is an impressive crowd: the Have's and Have-more's. Some people call
> you the elites. I call you my base."
> --President George Walker Bush
>
> --
> Regards, Curly
> ------------------------------------------------------------------------------
> The Bush Doctrine: Privatize Profits, Socialize Losses
> ------------------------------------------------------------------------------
>
br...@pobox.com
Still more proof that the only requirements for a successful
journalism career are a limited level of linguistic competence, and a
complete lack of ethics. Intelligence is neither required or desired.
nobody
>
>Bush & McCain Blackmail America With Economic Terrorism
Kook a doodle doo....