I believe the banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency first by inflation then by deflation the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.  Thomas Jefferson 1802

Dr. Doom Nuriel Roubini said in his New York Times article. “It looks like the economy is headed for a serious slow down this year. The most realistic scenarios are painful even if we avoid a double dip. U.S. growth in 2011 will feel like a recession.” That’s the good news.

Webster Tarpley on the beat has reported that the European Central Bank has tried to auction off short term deposits. In effect it’s a form of very short term bonds amounting to about 55 billion euros. It was a failed auction because they could only unload 32 billion dollars of short term paper. One problem is the interest they had to pay is much higher than what they thought it would be.

The nightmare for these banker boobs is that they have an auction of bonds whether in Europe or the U.S. and nobody comes. In the beginning of 2009 the British had one and it failed.

Now here is the scam. On July 1st there was an attempt of the European banks to pay back 42 billion euros to the European Central Bank. These are emergency bailout loans they got from the crisis. There is about 5 trillion of this money about half to be paid in Europe. According to the New York Times the idea was to pay back 442 billion euros and the banks can’t do it. Their next idea was to lend from the left hand to the right hand so it looks like they can pay off the loans.

We are headed for a 3rd world depression, the first one from the 1870’s. I agree that we are in the same cycle as in 1932 starting in 2008.

The second biggest bank in Germany in the 1930’s closed its doors. The German government then declared a bank holiday which saved the Deutsche Bank but that was the beginning of the end for the German economy which then ramped up into hyperinflation.

The current fatality is seen at the last G20 meeting where all these countries are drinking the Milton Friedman kool aid of paying down debt. The problem with that is it’s the wrong thing to do now. We need to stimulate at the proper level now and that’s Main ST. not Wall Street.
To illustrate the problem with paying down debt at the wrong time:
* When they use what little money is available to pay down debt you reduce the stimulus money.
* When they reduce the stimulus that reduces economic activity or wages.
* That reduces taxes being paid.
* With taxes not being paid governments don’t have money any more.
* Which cycles back to governments not being able to pay the debt.
I call this cycle the whirlpool of descent.

FDR understood this and that’s why he de facto nationalized the Fed. He would call in the banksters and tell them what bond issues they were going to buy etc. It was the closest thing we’ve had to nationalization of our banks and money since the Constitution was voted into law.

Obama has shown he doesn’t understand this process as he still takes “advice” from Summers and Geithner etc. Thus the process is backwards with Obama. We have Bernanke telling the White House what to do rather than a strong President dictating terms to the FRB. That’s why our financial lives are a disaster. The parasite is sucking us dry.

I am concerned for the security of our great nation, not so much because of any threat from without, but because of the insidious forces working from within. ~ General Douglas MacArthur

As many are becoming aware the United States is in a death struggle for its ideals and life by reason of the excellent programming the enemy has loosed upon us for the last 30 plus years. When we say the phrase “the good ole’ days” those who were there know they really were. The scum is attacking us to achieve their dream of absolute greed through unregulated capitalism that moves your job to China, Mexico and India while moving your cost of living ever higher, at the same time polluting your food and selling products that kill.

These corporate monopolies some who are felons like British Petroleum see a day not far in the future that your community will have no schools, no police (except for those working for them,) no garbage collection (except for those who can pay,) as for water how does $150.00 per gallon sound as the whores in government privatize that.

Lately one of the corporate politician whores said oil drilling should start in the great lakes! Ya let’s make the only largest fresh water supply in the U.S. a polluted dumpster. You see the big advantage of that is that when they deep drill that and kill everything in the lakes with their oil blobs unlike the gulf there is no world ocean to dilute the oil it will just stay there on the top and bottom.

The greed-obsessed Republicans with their counterpart Democrats worship at the blood covered alter of ravenousness, self-indulgence and gluttony all the while not accepting any responsibility for what they do and how they are stripping all this booty from the middle class day after day. Just take Obama’s financial reform that gives the banksters even more power to devolve our nation into slavery. All this under the banner of Milton Friedman, the Chicago school, the Austrian school, etc. failed policies at every turn unless you’re a corporate boss or sold out politician to the global plantation.

If the U.S. does go socialist it will be the unmitigated insatiable greed of the 2% and their belly crawlers who brought us there by eliminating every way for a working man to acquire and retire in any measure of his own wealth that has not been stolen by them. This is the face of tyranny and both parties are showing themselves as growing tyrants.

There is a Better Way PAYCHECKS OF PRODUCTION

“Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.” ___Abraham Lincoln

There is a way to fight back, win and take control. Here is something you won’t hear on the 3 stooges’ corporate entertainment news. In Germany ½ of the board of directors of a corporation must be made up of labor unions.  Because of that Germany has become and able to stay the industrial productive might of the Western world.

Industry has proven itself over capital that’s where it’s at when it comes to real staying power. It takes a desire of and for working people to create and keep such industry. London is the financial power and both oppose each other.

Labor has proven itself the superior of capital consider this. German companies have been able to push back against the transnational monopolies dream for a global plantation and in some cases have become a home for other transnational corporations who can and do push back and criticize the Chinese. Recently the Financial Times had a headline titled “German Industrialists Lambaste China.” That’s something you’ll never here in the Corporation of the United States. We have to make it so that no politician can support the free trade global plantation.

We must by law enforcement make ourselves free by eliminating the power of transnational corporations whose agenda is a one world monopoly for them. We have seen their danger against freedom with the recent Supreme Court unconstitutional “citizens united” ruling.

We must strip them of the power they have stolen from us. We must now enforce the Sherman Anti Trust Act. On December 5, 1881 Senator Sherman from Ohio gave us the Sherman Anti Trust Act. That Act makes it a crime for a corporation or anybody to run a business in an anti competitive way by the end result a monopoly.

John Rockefeller had deals to cut ship his oil by rail at rates much lower than his competitors. Because of that and many other things Ohio wanted to empress the Anti Trust Act against Rockefeller. His answer to Ohio was to ask the other states, ‘who will change their rules to allow me and my corruption to move there.’ A bidding war then started by the various states to change their corporate charter laws. Henceforth from the mid 1880’s to the 1890’s is now known as the charter mongering era. By the 1940’s most all the states had changed their charter laws to suit the corporations. Some points as example:

* Under the original laws a corporation could not exist more than 40 years.
* Could not operate as a monopoly.
* A corporation couldn’t engage in more than 1 business.
* A corporation couldn’t own stock in other corporations.
* A corporation couldn’t give money to a politician or a campaign.
The reason for this was the founders wanted states to have strong power over the corporations. Have you ever noticed the word corporation does not exist in the Constitution?

Enter Teddy Roosevelt he saw that since the states caved in against their own interest he won’t; he thereby broke Standard Oil up into separate companies. The only problem was Rockefeller was allowed to purchase 51% of those companies. Teddy Roosevelt wasn’t through though he also broke up the trusts. The last time we saw that was when Jimmy Carter broke up AT&T.

We need to do that again now with the big banks and transnational corporations that work against the middle class with global agreements and paid off politicians. Re-regulate the airlines; nationalize the Federal Reserve and the Oil Companies. Tax transactions on Wall Street; eliminate hyena hedge funds and explosive derivatives. And just execute Monsanto Corporation. Abandon these insane ideas of trickle down economics. Take the money out of Wall Street and put it in the PAYCHECKS OF PRODUCTION!

The fantasy merry go round of financial speculation is national suicide. In the 1950’s there was a dream and a national goal of one paycheck in the future will support a family of four was never realized and was replaced with the pillaging of the middle class with absolute non-responsibility of the rich, corporations, Wall Street, government politicians, bureaucrat’s and public sector labor unions.

Then when it all falls down give the debt to the taxpayer dying in the private sector as his source of wealth declines with each denied cost of living raise and property tax hike. Meanwhile those same politicians (Republicans and Democrat) prevent anything that would help private sector working people both small business and employees. Just look at the history of how employees of the airlines have been devastated since airline deregulation.

In the 50’s our belief was to continue to strengthen the family structure and make the nation stronger. It was agreed that stockholders owned the corporation but the employees and their unions owned the job and were paid accordingly. How else do you think our parents built the greatest society ever without credit cards? Cash in the PAYCHECKS OF PRODUCTION baby, that’s how. It was called production not productivity.

Work hard meant get paid hard as well. We had a slogan then you don’t hear any more because it no longer applies that is, ‘an honest day’s work for an honest day’s wage’. That died along with the honest day’s wage. Why do you think these corporate monopolies love immigrants illegal or otherwise, is it because where they come from they have no idea what an honest days’ wage is?

Our parents always said they were working so their children had a better life than they had. The emphasis in business was USA number 1 in all areas. Large corporations recognized their responsibility to invest in education and communities. The rich were taxed at 90-92% and the country prospered.

This plan that continues to attack the 1950’s policy started in earnest in 1980. Its center of attention is to eliminate all and any financial security for working people, replace govern by the biblical to rule by fear. Fear of losing income and our unalienable rights.

Eliminate corporate and government accountably instead of enacting policies that would focus on working families and those who want to work and receive a living according to the current standard of living whether it be an employee or small business owner.

It is our responsibility to spotlight driving middle class wealth up now rather than wait hopefully for a trickle down.

The present conditions of business cannot be accepted as satisfactory. There are too many who do not prosper enough, and of the few who prosper greatly there are certainly some whose prosperity does not mean well for the country. We wish to shape conditions so that a greater number of the small men who are decent, industrious and energetic shall be able to succeed, and so that the big man who is dishonest shall not be allowed to succeed at all. ~ ADDRESS BY THEODORE ROOSEVELT – Before the Convention of the National Progressive Party in Chicago, August, 1912

The absence of effective and especially national restraint upon unfair money getting has tended to create a small class of enormously wealthy and economically powerful men whose chief object is to hold and increase their power. The prime need is to change the condition which enable these men accumulate power which is not for the general welfare that they should not hold or exercise.

No man should receive a dollar unless that dollar has been fairly earned. Every dollar received should represent a dollars worth of service rendered not gambling in stocks, but service rendered. The really big fortune, the swollen fortune by the mere fact of its size acquires qualities that differentiated in kind as well as in degree from what is passed by men of relative small means.

Therefore I believe in a graduated income tax on big fortunes and in another tax which is far more easily collected and far more effective. A graduated inheritance tax on big fortunes properly safeguarded against evasion and increasingly rapidly in the amount of the estate. Theodore Roosevelt 1910

At a time when we are under the boot heel of ever increasing wealth of the few did you know?
* From the 1950’s to 1980 corporations paid 3 times more in taxes.

* FDR said if the private sector will not create jobs the government must. He created 11 million jobs. We need 30 million now.

* Compare the above to what we have now for example: In one of Obama’s little speeches all we got was a big banker’s push for cap and trade. When he talked about clean energy and jobs what jobs was he talking about? Five of the top 10 solar companies are in China. Sounds like those jobs will be in China or some here with the money going to China. No drama Obama.

* Too big to fail must be downsized. Most important reinstate the Glass-Steagall Act. Government financial rating agencies are controlled by the banksters.

* Billionaires pay no more than 15% in taxes.

* People have plenty of reason to be upset because the Congress has been no referee and has no regulation to make sure the market gives to the people what’s theirs such as economic protection; that’s the political mood.

* We need sensible regulation.

Regan’s trickle down has produced a nation of PEE-ONS.

Plato told Aristotle no one should make more than five times the pay of the lowest member of society. J.P. Morgan said 20 times. Jesus advocated a negative differential — that’s why they killed him. — Graef Crystal

The superior person understands rightness; the inferior person understands profit.
– Confucius

I have a friend who has been finally pushed over the line. Since the company he works for has seen fit to cap his wages at a 1994 level he has decided to pay his bills the same way.

For example, when he gets a bill from the electric company he will pay what he can afford. If the bill says to pay $150.00 they’ll probably get $30.00 because that’s all he can afford.

Imagine if we all could do that, how long do you think it would be before they would have to make changes and deflate these killer rates?

He just told me the other day that he gave the landlord $200.00 less than the rent bill. Guess what? They took it!

He says he is paying his bills at the level the company allows him to, if any bill collectors have a problem with that they can talk to the company executives who are holding the balance of his normal cost of living expenses. So go ahead my friend let me know how it plays out.

The inherent vice of capitalism is the unequal sharing of the blessings. The inherent blessing of socialism is the equal sharing of misery. ~ Winston Churchill

I don’t care how much you think you have or think you own. You own nothing not even yourself. We are in a process of transferring our money to an unpresented concentration of private wealth. The bankers have become truly banksters not earning their money the old fashion way. They don’t earn it, they steal it through fraudulent speculative schemes designed to pillage the national economy. Corporations continue to cut employee pay and benefits while raising executive salaries, perks and bennies to undreamed levels of greed. It has gotten to the point that they mock and shake their fist at God with every dollar they pillage from their employees, all the while complaining about the lavish lifestyles of 45k/yr. their loyal employees are supposed to live on. How sick is it when senior management regards the employees as their enemies and therefore prosecutes constant economic warfare against them? Remember there are only two systems of economy one is barter or fair weights and measures and the other is credit and debt. The latter is immoral and psychotic.

ECONOMIC ANARCHY
Banks, big corporations, property taxes, politicians, public sector employees are pulling out more energy from the economy than they contribute. These can now be classified as parasites on working people in the private sector. They use our services and commons yet pay very few or no taxes and are not pulling anywhere near their share.

All the rules have been changed to their favor through a policy called deregulation. It started with airline deregulation as that government legislation set the foundation and pattern for sub prime wage cancer to spread across the land and it has. The result is we now live in a split society where private sector employees cannot maintain public sector lifestyles and public sector employees couldn’t care less, that will change when their debt/tax ‘em to death system implodes.

The issue to be decided is: is the state going to issue debt free money or whether we will lose our sovereignty to a criminal banking group who can only issue monetized debt?

As the national debt gets bigger who’s going to pay that debt? Congress puts more debt on our backs and at the same time Republicans and Democrats won’t extend a little to those who need that unemployment insurance. To get their ratings the media does photographic stories showing these poor people crying but no follow up on these people by these media cretins.

However when it comes to rich banksters 7 trillion and toxic derivatives, CD swaps, incredible bonuses are just fine! Why isn’t BP in receivership? When the banks got the money they shipped their entry level jobs away offshore!

These bottom feeding filth eaters invest in companies in China and all over the world in plantation countries with money they get for zero interest from my government who taxes me and you.

“Democracy is two wolves and a lamb voting on what to have to have for lunch. Liberty is a well-armed lamb contesting the vote.”
_____Benjamin Franklin

Ok now let me get this straight. This is the brain trust of Mayor Daley and the rest of the NAZI policy loving Democrat politicians in Illinois, and where are the aldermen and their politically correct policies now? This is what we’re paying crushing property taxes for.
* Calls for shots fired are the most ever.
* Send the good manufacturing jobs to Mexico and China.
* Pass gun control.
* Cut the police force, but don’t address the waste and nepotism.
* Take away gang crimes units.
* Make Chicago a “Sanctuary” city to protect illegal aliens from laws that protect the people.
* Employ policies that promote and protect gangs and drugs.
* Have open borders.
* Don’t address the wanton murders and beatings against innocent citizens and police.
* Attack the public when they try to defend themselves.
* Crucify the citizen who try’s to defend himself with a gun.
* No understanding of natural law.

The Results:
* Homicides are the highest in the nation.
* Chicago has become the worst city in the nation for street crime.
* Politicians want to call out the National Guard.
* Illinois and Cook County has become a good place to leave.

First it’s none of the governments business how many guns law abiding citizens have.
* Ritchie Daley and State cronies feel that citizens have no gun rights.
* Real Life has the Second Amendment including the dictum from the founders that the whole of the people are the militia. George Mason:
“That the people have a Right to mass and to bear arms; that a well regulated militia composed of the Body of the people, trained to arms, is the proper natural and safe defense of a Free State…”

“Who are the militia, if they be not the people of this country…? I ask, who are the militia? They consist of now of the whole people, except a few public officers.” See the last 5 words? THAT MEANS YOU AND YOURS DALEY!

“To disarm the people is the best and most effectual way to enslave them.”
* The 14th Amendment. ‘No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or PROPERTY, without due process of law; nor deny in any person within its jurisdiction the equal protection of the laws.
* Daley and elected liberals have 24/7 protection using guns. Where is our equal protection the 14th Amendment? The Supreme Court slapped the little spoiled tyrant down! Thank you God.
* Little Lord Ritchie bulldozed Meigs Field airport in the dead of night in direct violation of a contract. Why isn’t he in jail?
* Daley likes to level the projects his father put up for the poor scattering poor people and forcing the taxpayers to pay for the resulting section 8 spread.
* Ritchie Daley and State cronies like to punish law abiding citizens for what criminals do. Enact gun control. They have strived to create a society of unequal haves and have nots where police, politicians, bodyguards and criminals have guns; honest people don’t and therefore state by practice that those two groups’ lives are more important than that of the populace.
* A Bill was not passed in Springfield that would enact gun control on Chicago aldermen. Aldermen can carry guns you can’t. Chicago aldermen refused to live by the same law for themselves they pass on you!
* Until the Supreme Court ruling Chicago has had one law for politicians and another for the people. The law they had was politicians own and bear arms but you can’t. That says they are better than you.
Since he lost handily in the Supreme Court Ritchie Daley and his Illinois NAZI cronies are showing us the truth of themselves. The would-be King Richard says “we are a nation of laws not guns.” How sick is that? Very clever Ritchie but the slogan really says “we are a nation of laws not men.” The law says we the people shall have the RIGHT to bear or carry guns.

But hypocrite Daley now says he and his NAZI cronies will make it so hard to exercise our rights they may as well be null and void. Ritchie wanted to place onerous insurance premiums on gun owners, which I think is unconstitutional. The government can’t force you to buy insurance on a God given right. He had to drop that one because his lawyers probably told him it’s a looser in court.

Ritchie Daley now wants high registration fees buy and own a gun. You can’t purchase more than one gun per month. What the hell does that accomplish?

How many guns I or you own is none of your business government bureaucrats! WE DON’T ANSWER TO YOU! Your commie NAZI playbook of citizen disbarment plan was decided by God against you and is expressly stated in law in the Constitution.

The problem with so many elected and non-elected public sector bureaucrats is they openly show they have no understanding of the power relationship of the citizens, the elected officials (servants) that of citizen rights and government responsibility to maintain those rights above government power.

No elected politician has the authority to preemptively restrict, infringe or eliminate my rights. It is unconstitutional to limit or preemptively block someone’s rights because of the transgressions of another. It is not only unconstitutional it is the actions of an irrational, illogical unsound mind.

Florida’s violent crimes dropped 70% after they passed the concealed carry law. I could go on but suffice to say that politicians live in a make believe world of their own delusions.

Remember politicians don’t live in the real world; our world. Insanity such as gun control is the result of elected and pampered people who are sheltered from real life and its associated reality.