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The
Silent But Complicit
Player In This
Game Of Games
Part I of II
Jim Kirwan
11-26-8 |
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Welcome to the Twilight
Zone. America is in a
political dead-zone that
is populated by every
major player in the
economy and the
government except the
public. We, are in
attendance but
apparently we have
voluntarily bound and
gagged ourselves for the
next fifty-eight days:
while others, decide
exactly what shall
become of us.
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This has been made
possible by a throwback
to the beginning of the
nation, when transitions
in government were of
necessity much slower
than they could be
today. Consequently the
Congress that is
supposed to represent
the voice of the public
is "on vacation, just at
the time when the future
of the American people,
is being decided by
those that have come to
kill us.
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Congress is the one body
that is supposed to
enact all major
legislation, according
to the constitution: Yet
now this
government-by-decree is
being run by executive
decrees from both the
Dead-Duck resident of
the White House and the
as yet unannoited
dictator, along with his
cabinet officers, that
have no constitutional
authority at all. This
liar's game of Command &
Control by dictate
by-passes all the checks
and balances that were
supposedly put in place
to protect us from
dictators, from
criminals, and from the
as yet un-sworn selected
ones that have no
authority whatsoever to
make any policy
decisions, about
anything at all, until
AFTER they are sworn in!
Yet no-one has mentioned
this Mastodon in the
living room, even after
the massive transfer of
the public's wealth
($7.7 TRILLION) that was
all done without so much
as a public hearing.
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"Sen. Barack Obama: "We
can't underestimate the
challenges we face. We
also can't underestimate
our capacity to overcome
them, to summon that
spirit of determination
and optimism that has
always defined us and to
move forward in a new
direction to create new
jobs. Reform our
financial system and
fuel long term economic
growth. We know this
won't be easy and it
won't happen overnight.
We will need to bring
the best minds in
America to guide us and
that is what I sought to
do in assembling my
economic team. I have
sought leaders who could
offer both sound
judgment and fresh
thinkingboth adept
experience and a wealth
of new ideas. Most of
all, who share my
fundamental belief that
we cannot have a
thriving Wall Street
without a thriving Main
Street.
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That is what Obama said:
what he has done however
is to re-introduce the
same people that
designed the destruction
of the actual
regulations that would
have prevented this
crisis entirely: And
they have engineered the
creation of these banks
and institutions that
have suddenly become
"too big to fail, thus
requiring the wholesale
transfer of the public's
wealth, without review:
To those that directed
these criminally-liable
banks, hedge-funds, and
corporations that have
undermined the entire
infrastructure of
America's
financial-institutions.
Their reasons for doing
all of this was simply
to enable a tidal wave
of new-privatization
aimed at stealing
whatever remains of the
public's real-wealth, to
create the next new
bubble that will
transfer all ownership
from the public sector
to private enterprise:
and this will happen
without any
participation by the
people whose money is
being used to accomplish
this theft"inside this
political black-hole"that
has conveniently allowed
them to by-pass
oversight or public
participation. This is
all being done from
outside the constitution
and from beyond any
check or balance for the
massive transfers of
wealth that have already
happened!
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"Nov. 24 (Bloomberg) --
The U.S. government is
prepared to provide more
than $7.76 trillion on
behalf of American
taxpayers after
guaranteeing $306
billion of Citigroup
Inc. debt yesterday. The
pledges, amounting to
half the value of
everything produced in
the nation last year,
are intended to rescue
the financial system
after the credit markets
seized up 15 months ago.
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The unprecedented pledge
of funds includes $3.18
trillion already tapped
by financial
institutions in the
biggest response to an
economic emergency since
the New Deal of the
1930s, according to data
compiled by Bloomberg.
The commitment dwarfs
the plan approved by
lawmakers, the Treasury
Department's $700
billion Troubled Asset
Relief Program. Federal
Reserve lending last
week was 1,900 times the
weekly average for the
three years before the
crisis. (1)
http://bloomberg.com/apps/quote?ticker=FARBPMDW%3AIND
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"GEORGE W. BUSH: This is
a tough situation for
America. But we will
recover from it. And the
first of to recovery is
to safeguard our
financial system. Last
night on Air Force One
coming back from Peru, I
talked at lengths to the
secretary about his
recommendation on the
decisions made to
safeguard Citicorps. We
have made these kinda
decisions in the past
and we made one last
night. If need be, we
will make these
decisions to safeguard
our financial system in
the future.
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The colonists held the
Boston Tea-Party over an
excessive English Tax.
Their battle cry was
"Taxation without
Representation is
Tyranny! Much has
changed within the
current "American public
which apparently cannot
tell a thief in broad
daylight from a
political appointee, or
a functioning dictator
from a selected leader.
What is being done here
is TREASON against the
public, not to mention
the crime of "silence
which the public has
embraced and that has
made this transfer of
every blood-stained cent
possible, in its journey
from the US Treasury
directly into the
coffers of these
recycled-privateers that
Obama has disinterred to
serve his owner's
yet-again today. So much
for "the promise of hope
& change!
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"AMY GOODMAN: We begin
with Naomi Klein. Your
response to these
appointments, and what
they signify. If you
could begin with Larry
Summers, the former
Clinton Treasury
Secretary.
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NAOMI KLEIN: It is good
to be with you. I have
to say it is a profound
disappointment. It
really does represent a
very safe choice, but
let's remember Barack
Obama won this election
saying that taking the
status quo, staying with
the same policies that
have been governing the
country for the recent
past, was actually a
very dangerous course. I
think in many ways we
are paying the price of
the intellectual
dishonesty of the
progressive liberals
left during the bush
years. Because Obama
said again and again
during the campaign that
the crisis on Wall
Street represented the
culmination of an
ideology of deregulation
and lassie-faire
trickle-down economics
that had guided the
country for the past
eight years. The truth
is, it was not just
eight years, they guided
them under Reagan and
also under Clinton.
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That is where Larry
Summers comes in because
he was the last treasury
secretary under Clinton.
He along with Alan
Greenspan and Robert
Rubin were the key
architects of the
policies of deregulation
that created the crisis
that we,re living now.
And those key policies
are the killing of
Glass-Spiegel that
allowed a series of very
large but mergers that
created these
institutions that are
too big and too
intermingled to fail
we,re told again and
again. The deliberate
decision to keep the
derivatives out of the
reach of financial
regulators- that was
also a Summer's
decision. And also
allowing the banks to
carry these
extraordinary levels of
debt. 33 to 1 in the
case of Bear Sterns.
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AMY GOODMAN: Naomi
Klein's assessment.
William Greider had an
interesting piece in The
Nation.
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"On Monday, Geithner was
busy executing the
government's massive
rescue of Citicorp--the
very banking behemoth
that Geithner and
Summers helped to create
back in the Clinton
years, along with
Federal Reserve chairman
Alan Greenspan and
Robert Rubin, Clinton's
economics guru. Now
Rubin is himself a
Citicorp executive and
his bank is now being
saved by his old protégé
(Geithner) with the
taxpayers, money.
Geithner has been a
central player in the
deal-making, from Bear
Stearns to AIG to Citi.
The strategy has not
only failed, it has
arguably made things
worse as savvy market
players saw through the
contradictions and
rushed out to dump more
bank stocks.
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"Ultimately, Mark Ames
also in The Nation
writes "Summers was one
of the key architects of
our financial crisis.
Hiring him to fix the
economy makes as much
sense as appointing Paul
Wolfowitz to oversee the
Iraq withdrawal. your
response, Bob Kuttner?
(2)
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"A People's History of
Poverty in America
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"While President-Elect
Obama has talked a lot
about the middle class,
there has been little
said about the issue of
poverty in this country.
The economic crisis is
likely to have a
particularly devastating
impact on poor
Americans. The rising
unemployment could push
between 7 and 10 million
Americans into poverty
according to a report
from the Center on
Budget and Policy
Priorities released
Monday. Census Bureau
figures from 2007 show
that 12.5% of the
population, or over 37
million people, live
below the poverty line.
The Center warns hat
number could increase to
up to 47 million.
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While President-Elect
Obama has talked a lot
about the middle class,
there has been little
said about the issue of
poverty in this country.
The economic crisis is
likely to have a
particularly devastating
impact on poor
Americans. The rising
unemployment could push
between 7 and 10 million
Americans into poverty
according to a report
from the Center on
Budget and Policy
Priorities released
Monday. Census Bureau
figures from 2007 show
that 12.5% of the
population, or over 37
million people, live
below the poverty line.
The Center warns that
number could increase to
up to 47 million. (3)
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And here's the image
being used to cover-up
this grand-theft of what
was once a nation
governed largely by its
people and not by
tyrants:
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kirwanstudios@sbcglobal.net
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1) U.S. Pledges $7.7
Trillion to Ease Frozen
Credit (Update 2)
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http://bloomberg.com/apps/news?pid=20601109&sid=arEE1iClqDrk&refer=home
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2) Naomi Klein, Robert
Kuttner and Michael
Hudson Dissect Obama's
New Economic Team &
Stimulus Plan
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www.democracynow.org/2008/11/25/naomi_klein_robert_kuttner_and_michael
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3) Stephen Pimpare on "A
People's History of
Poverty in America
www.democracynow.org/2008/11/25/stephen_pimpare_on_a_peoples_history
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Part II
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