PCRoberts on the Bankster's Encyclical
Mort Zuckerman
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Subject: PCRoberts on the Bankster's Encyclical
Date: Jan 26, 2010 9:52 AM
Oh, *now* what am I sayin?
http://vdare.com/roberts/100125_rich.htm
=========================================
The intention of the Bankster-Military
Economy:
http://groups.google.com/group/sci.med.diseases.lyme/browse_thread/thread/1ab157121c5d08fd?hl=en#
http://www.commondreams.org/view/2010/01/26-2
where ^^^I will be applying for a position
as SUPER-Chief-uh-duh-Homelames, is
to get everyone employed by the dot
guv, and then to totally collapse
the US Dollar to ZERO, that being the
completed cycle. Or trap.
"So what is happening to the Federal Reserve’s balance sheet? And when
will the Fed have no recourse but to print new money in order to
finance the federal deficit?
"How long can the dollar retain its reserve currency role in such
circumstances, and how does the U.S. pay for its imports when this
role is lost?"
Whence, upon SUPER dot guv employment,
and the dollar down to zero, and a
majority of the population as slaves
to da man (Military.com.gov), then
comes the AMERO or the North American
Union.
Nobody will have any means to do
anything, as the US Dollar will not
be worth anything, like, even in Canada.
When Obama (I almost typed "Bushie")
speaks about saving the Under Siege
Middle Class, he is talking about
dot guv employment for us. He indeed,
clearly now, is putting a Happy Face on
the same Bushie, overall, Totalitarian
skit, a skit that is totally dependent on
the scaremongering or the warmongering...
or whatever we want to call these
attempts to create an enemy or someone
else to blame for the total collapse
of our "economy."
Far be it from the MSM or the electitards
to give us a clue as to where we're going,
despite that being the National Obsessional
Thought. "What next?"
The topic from even the semi Progressive
pundits is on the meaning of the Massachusetts
Senate seat loss, as if the future of the
*PARTY* mattered to the rest of us.
I recommend that if ya'll plan on not leaving
the United States, go ahead and apply for
some kind of dot guv job *now,* as if there
was a draft on and you had a chance to pick
"National Guard" or "Coast Guard" before you
get stuck with the Army.
KMDickson
http://www.actionlyme.org
======================================
http://vdare.com/roberts/100125_rich.htm
January 25, 2010
Rule By The Rich
By Paul Craig Roberts
The election of Republican Scott Brown to the U.S. Senate by
Democratic voters in Massachusetts sends President Obama a message.
Voters perceive that Obama’s administration has morphed into a Bush-
Cheney government. Obama has reneged on every promise he made, from
ending wars, to closing Gitmo, to providing health care for Americans,
to curtailing the domestic police state, to putting the interests of
dispossessed Americans ahead of the interests of the rich banksters
who robbed Americans of their homes and pensions.
But what can Obama do other then spout more rhetoric?
The Democrats were destroyed as an independent party by jobs
offshoring and so-called free trade agreements such as NAFTA. The
effect of "globalism" has been to destroy the industrial and
manufacturing unions, thus leaving the Democrats without a power base
and source of funding.
Obama and the Democrats cannot be an opposition party, because
Democrats are as dependent as Republicans on corporate interest groups
for campaign funding.
The Democrats have to support war and the police state if they want
funding from the military/security complex. They have to make the
health care bill into a subsidy for private insurance if they want
funding from the insurance companies. They have to abandon the
American people for the rich banksters if they want funding from the
financial lobby.
Now that the five Republicans on the Supreme Court have overturned
decades of U.S. law and given corporations the ability to buy every
American election, Democrats and Republicans can be nothing but pawns
for a plutocracy.
Most Americans are hard pressed, but the corporations have only begun
to milk them.
Wars are too profitable for the armaments industry to ever end. High
unemployment is now a permanent state in the U.S., thus coercing job
seekers into military service.
The security industry profits from the police state and regards civil
liberties as a hindrance to profits. By announcing that he intends to
continue the Bush policy of indefinite detention, a violation of the
Constitution and U.S. legal procedures, Obama has granted the
Democratic Party’s consent to the Republicans’ destruction of habeas
corpus, the main bastion of individual liberty.
Jobs offshoring is too profitable for U.S. corporations for Obama to
be able to save American jobs and restart the broken economy.
Americans are being squeezed out of health care not only by the loss
of job benefits, but also by corporate takeover of medical practice
from physicians. Today medical doctors are wage slaves of corporate
health providers that leverage doctors by turning them into
supervisors of physician assistants, lower-paid people without medical
degrees who perform the services that doctors once provided. As
neither doctor nor physician assistant has any independence, there is
no one to represent the patient’s care against the profits of the
corporation.
Even environmental concerns are being used to create "cap and trade"
rights to buy and sell the ability to pollute. Wall Street is licking
its lips over a new source of leveraged derivative instruments.
The American public cannot even get reliable information about their
plight as the "MainStream Media" has been concentrated into a few
corporate hands that do not permit independent reporting. The media is
as dependent on corporate money as are politicians.
How can President Obama restart an economy that has been moved
offshore? Millions of manufacturing jobs are gone, as are millions of
jobs for college graduates, such as software engineering, Information
Technology--indeed, any intellectual skill the product of which can be
conveyed via the Internet. Even those intellectual skill jobs that do
remain in the U.S. are filled increasingly by foreigners brought in on
work visas.
The wipeout of blue collar and middle class job growth has stopped the
growth of American incomes except, of course, those of the super rich.
For a decade American consumers substituted increased personal
indebtedness for income growth. In order to maintain and to increase
their consumption, Americans consumed their assets, such as their home
equity. Americans reached their maximum debt load just as the real
estate bubble burst and just as the banksters highly-leveraged, toxic
financial instruments brought down the stock market and the values of
Americans’ pensions.
The enormous damage done to the U.S. economy by jobs offshoring, work
visas, and financial deregulation cannot be offset by government
stimulus plans, which expand the debt burdens that are crushing
Americans. The federal government’s massive budget deficits and the
Federal Reserve’s easy monetary policy are setting the stage for an
inflationary depression to follow a deflationary depression.
The Federal Reserve chairman says not to worry about inflation,
because the Fed can take the money back out of the economy. But can
the Fed take the money out without contracting the economy?
The Federal Reserve says not to worry about financing the federal
budget deficit. Banksters are buying the Treasury bonds with the
proceeds from their sales of their toxic derivatives to the Fed.
So what is happening to the Federal Reserve’s balance sheet? And when
will the Fed have no recourse but to print new money in order to
finance the federal deficit?
How long can the dollar retain its reserve currency role in such
circumstances, and how does the U.S. pay for its imports when this
role is lost?
Don’t look to Washington for answers to these questions.
Paul Craig Roberts [email him] was Assistant Secretary of the Treasury
during President Reagan’s first term. He was Associate Editor of the
Wall Street Journal. He has held numerous academic appointments,
including the William E. Simon Chair, Center for Strategic and
International Studies, Georgetown University, and Senior Research
Fellow, Hoover Institution, Stanford University. He was awarded the
Legion of Honor by French President Francois Mitterrand. He is the
author of Supply-Side Revolution : An Insider's Account of
Policymaking in Washington; Alienation and the Soviet Economy and
Meltdown: Inside the Soviet Economy, and is the co-author with
Lawrence M. Stratton of The Tyranny of Good Intentions : How
Prosecutors and Bureaucrats Are Trampling the Constitution in the Name
of Justice. Click here for Peter Brimelow’s Forbes Magazine interview
with Roberts about the recent epidemic of prosecutorial misconduct.