COMMENTS: 239
U.S. Intel Chief's Shocking Warning: Wall Street's Disaster Has Spawned Our Greatest Terrorist Threat
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We have a remarkable ability to create our own monsters. A few decades of meddling in the Middle East with our Israeli doppelgnger and we get Hezbollah, Hamas, al-Qaida, the Iraqi resistance movement and a resurgent Taliban. Now we trash the world economy and destroy the ecosystem and sit back to watch our handiwork. Hints of our brave new world seeped out Thursday when Washington's new director of national intelligence, retired Adm. Dennis Blair, testified before the Senate Intelligence Committee. He warned that the deepening economic crisis posed perhaps our gravest threat to stability and national security. It could trigger, he said, a return to the "violent extremism" of the 1920s and 1930s.
It turns out that Wall Street, rather than Islamic jihad, has produced our most dangerous terrorists. We will see accelerated plant and retail closures, inflation, an epidemic of bankruptcies, new rounds of foreclosures, bread lines, unemployment surpassing the levels of the Great Depression and, as Blair fears, social upheaval.
The United Nations' International Labor Organization estimates that some 50 million workers will lose their jobs worldwide this year. The collapse has already seen 3.6 million lost jobs in the United States. The International Monetary Fund's prediction for global economic growth in 2009 is 0.5 percent--the worst since World War II. There are 2.3 million properties in the United States that received a default notice or were repossessed last year. And this number is set to rise in 2009, especially as vacant commercial real estate begins to be foreclosed. About 20,000 major global banks collapsed, were sold or were nationalized in 2008. There are an estimated 62,000 U.S. companies expected to shut down this year. Unemployment, when you add people no longer looking for jobs and part-time workers who cannot find full-time employment, is close to 14 percent.
And we have few tools left to dig our way out. The manufacturing sector in the United States has been destroyed by globalization. Consumers, thanks to credit card companies and easy lines of credit, are $14 trillion in debt. The government has pledged trillions toward the crisis, most of it borrowed or printed in the form of new money. It is borrowing trillions more to fund our wars in Afghanistan and Iraq. And no one states the obvious: We will never be able to pay these loans back. We are supposed to somehow spend our way out of the crisis and maintain our imperial project on credit. Let our kids worry about it. There is no coherent and realistic plan, one built around our severe limitations, to stanch the bleeding or ameliorate the mounting deprivations we will suffer as citizens. Contrast this with the national security state's strategies to crush potential civil unrest and you get a glimpse of the future. It doesn't look good.
"The primary near-term security concern of the United States is the global economic crisis and its geopolitical implications," Blair told the Senate. "The crisis has been ongoing for over a year, and economists are divided over whether and when we could hit bottom. Some even fear that the recession could further deepen and reach the level of the Great Depression. Of course, all of us recall the dramatic political consequences wrought by the economic turmoil of the 1920s and 1930s in Europe, the instability, and high levels of violent extremism."
The specter of social unrest was raised at the U.S. Army War College in November in a monograph [click on Policypointers' pdf link to see the report] titled "Known Unknowns: Unconventional 'Strategic Shocks' in Defense Strategy Development." The military must be prepared, the document warned, for a "violent, strategic dislocation inside the United States," which could be provoked by "unforeseen economic collapse," "purposeful domestic resistance," "pervasive public health emergencies" or "loss of functioning political and legal order." The "widespread civil violence," the document said, "would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security."
"An American government and defense establishment lulled into complacency by a long-secure domestic order would be forced to rapidly divest some or most external security commitments in order to address rapidly expanding human insecurity at home," it went on.
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Posted by: Jay Randal on Feb 17, 2009 12:12 AM
Current rating: 4 [1 = poor; 5 = excellent]
Wall Street banksters are financially terrorizing the US into a new depression.
When Americans flood into DC by the millions to say 'No more bailouts for Wall Street' then the terrorism can end. Do nothing and the rape will continue for another 4 years under Obama's Regime.
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» RE: Hello the Wall Street banksters are the real terrorists!
Posted by: Ka-bird
» We have met the enemy, and they is not us --- they is Empire
Posted by: amacd
» Stock decline hits depression levels according to Business week economist.
Posted by: Prophit
» Ka-bird's right. The Empire controls the military
Posted by: amacd
» The difference is that many who flood DC would be armed. Would the NG fire? I hope not.
Posted by: thekidde
» RE: The difference is that many who flood DC would be armed. Would the NG fire? I hope not.
Posted by: Cybershaman
» RE: The difference is that many who flood DC would be armed. Would the NG fire? I hope not.
Posted by: nha16
» Good call Ka-bird..... the military general said ......
Posted by: Prophit
» GoldmanSachs gets a woody
Posted by: weathered
» Mainstream media always lie and distort truth, as they're beholden to
Posted by: and_abottleofrum
» RE: Mainstream media always lie and distort truth, as they're beholden to
Posted by: weathered
» RE: The takeover of the US media...
Posted by: Cybershaman
» JP MORGAN BOUGHT THE 25 MOST INFLUENTIAL NEWSPAPERS IN 1915
Posted by: HANGTRAITORS
» RE: True
Posted by: Cybershaman
» NPR/PBS were once an asset
Posted by: weathered
» RE: NPR/PBS were once an asset and still are.
Posted by: yellow
» RE: NPR/PBS were once an asset and still are.
Posted by: nha16
» Indeed, they are.......
Posted by: Prophit
» RE: NPR/PBS were once an asset
Posted by: nha16
» Didn't they just get bought out by somebody who is part of the MSM...
Posted by: Prophit
» And they will stand with the other criminals in a Nuremberg trial and get hung...
Posted by: Prophit
» RE: GoldmanSachs gets a woody
Posted by: bobdown
» RE: GoldmanSachs gets a woody
Posted by: weathered
» Why is it to hard for people to call this what it is???//
Posted by: Prophit
» weathered's right, Empire controls government and media
Posted by: amacd
» CONT weathered's right, Empire controls government and media
Posted by: amacd
» 'checks & balances'
Posted by: weathered
» Your being too kind.... they have completely gutted our entire....
Posted by: Prophit
» RE: Yes but who are they preparing to fight against-THE PEOPLE
Posted by: RR#1
» RE: Hello the Wall Street banksters are the real terrorists!
Posted by: mrjaylu
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Posted by: DrBrian on Feb 17, 2009 12:24 AM
Current rating: 4 [1 = poor; 5 = excellent]
Yet those who have so palpably laid the nation so low and committed or abetted so many felonies continue to bray as if they could possibly have anything truthful or insightful to say. The Christian Right's crime spree will likely go unpunished, but shouldn't go unremembered.
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» RE: Unpunished, But Not Unremembered
Posted by: topbrick
» RE: Unpunished, But Not Unremembered
Posted by: DrBrian
» RE: Unpunished, But Not Unremembered
Posted by: EHarold
Comments are closed-
Posted by: rafaeltoral on Feb 17, 2009 12:36 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» ... that this was no accident
Posted by: launcher
» RE: ... that this was no accident
Posted by: MyLeftFoot
» Not completely accurate.... I do remember who was in control....
Posted by: Prophit
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Posted by: and_abottleofrum on Feb 17, 2009 12:41 AM
Current rating: 5 [1 = poor; 5 = excellent]
For the time being it is best to keep stoking up Leftist fervor and demands for economic reform at every opportunity. Keep escalating the rhetoric to get people aroused. A significant amount of reformist (and sometimes revolutionary) fervor at this stage could be enough to stem the possibility of internal military repression.
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» RE: Also keep in mind...
Posted by: Cybershaman
» It didn't stop them at Kent State
Posted by: phatkhat
» RE: You are absolutely correct!
Posted by: Cybershaman
» Remember who the military has been recruiting these days....
Posted by: Prophit
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Posted by: mmckinl on Feb 17, 2009 12:48 AM
Current rating: 4 [1 = poor; 5 = excellent]
Obama in word and deed and through his appointments looks to be pushing the kinder gentler Bush Line ...
Stalled in Iraq, escalating in Afghanistan, no torture investigations, still bigger military budget, tax cuts instead of programs, stimulus instead of permanent social spending, bailing instead of prosecuting Wall Street banksters .... the list goes on and on ...
And now, the warning to the powers that be, your constituents are going to be your worst enemies! The control of the National Guard has already been taken from the governors and given to the President ...
Fascist America, in 10 easy steps
Unless we as Progressives, Liberals and Populists stand up and demand a social platform for people to stand on rather than a safety net to fall into people will become hungry, homeless and violent ... The size of the prison populations already speak to the social and economic failure of our economy and our country. The situation will only get much worse.
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» RE: The Coming Fascism: All the signs are there ...
Posted by: richholland
» RE: The Coming Fascism: All the signs are there ...
Posted by: gazooks
» So, mmckinl, is this what voting "least worse" gets us??
Posted by: amacd
» Lets not forget the agenda either, what this is really all about...
Posted by: Prophit
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Posted by: Cyberpundit on Feb 17, 2009 1:17 AM
Current rating: 5 [1 = poor; 5 = excellent]
Now they're all busy noodling a way to their bonuses -- but their millions have been stashed away already. No point doing this token capping of executive bonuses (they'll still make millions) when nothing is coming from their offshore accounts already stashed. Those who suffer will be the future minions.
Pointless. I want to see some action. I want to see those Merrill cretins put behind bars. I want retroactive enabling of anti-bonus rules. I want the fed reserve to be accountable as well, including people like Greenspan who's now cheerfully doing speeches and VIP presentations.
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» Andrew Cuomo has made some progress
Posted by: weathered
» Andrew Cuomo as HUD sec help caused this mess
Posted by: SeattlePackedSnowandCollidedCars
» Weathered, I often wonder what you get from your Iranian handlers for blaming da Jooooz for it all!
Posted by: yellow
» Yellow,
Posted by: weathered
» this "da Jooooz" thing has gotten very old
Posted by: realtruther
» All the Jews you mention don't smear Jews as such. They don't make an issue of their being Jews.
Posted by: yellow
» but you're plain wrong
Posted by: realtruther
» My goodness, I am impressed with the courage I see on here....
Posted by: Prophit
» What a great response! Class, which I am sure is alien to him.
Posted by: Prophit
» RE: And yet, nothing will happen to the elite
Posted by: VZEQICVA
» RE: And yet, nothing will happen to the elite
Posted by: monkeywrench
» Someone must publish the addresses of all the miscreants in business and govt. Then - pitchforks
Posted by: thekidde
» Ok, here is a start.........
Posted by: Prophit
Comments are closed-
Posted by: kiwijohn on Feb 17, 2009 1:19 AM
Current rating: 5 [1 = poor; 5 = excellent]
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Posted by: HeroesAll on Feb 17, 2009 1:21 AM
Current rating: 5 [1 = poor; 5 = excellent]
That's a very telling phrase. Are all those groups 'riff raff'? Oh, really? Well, I suppose it will appear to the ruling class that they are.
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» RE: Say what?
Posted by: disc golf
» market nations
Posted by: setterwoman
» RE: market nations
Posted by: Cynsity
» RE: Say what?
Posted by: stormchilde1975
» The comma isn't that significant.
Posted by: and_abottleofrum
» RE: Irony Alert.
Posted by: oregoncharles
Comments are closed-
Posted by: weathered on Feb 17, 2009 1:33 AM
Current rating: 5 [1 = poor; 5 = excellent]
Pull the plug on all MSM/PBS/NPR or embrace the fraud your living in.
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» We need to reward responsible media of this nature...
Posted by: freelyb
» RE: We need to reward responsible media of this nature...
Posted by: weathered
Comments are closed-
Posted by: artie on Feb 17, 2009 2:11 AM
Current rating: 5 [1 = poor; 5 = excellent]
In light of this article, Ms Goodman's discussion rewards a re-read.
In short, the conclusions in environmental ethics concerning our criminal neglect of moral obligations to future generations apropos of earth's habitability is transparent in the case of global socio-economic survivability as well.
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» RE: Is Posse Comitatus Dead?
Posted by: Artkansas
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Posted by: maxfactor on Feb 17, 2009 2:32 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» In a sense, no one won the Cold War. It put the U.S., the supposed winner, on an imperial
Posted by: and_abottleofrum
Comments are closed-
Posted by: Sparks56 on Feb 17, 2009 2:33 AM
Current rating: 5 [1 = poor; 5 = excellent]
Leave Karl on the shelf, dust and all. Marxism, Marxist Leninism, etc. has never worked and won't work. (If you want to dust off something much more relavent, try Robert Malthus.)
The problems we face will take something new, something no one has thought of yet.
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» RE: Something New
Posted by: peacefullaim1
» RE: Something New
Posted by: Sparks56
» RE: Something New
Posted by: peacefullaim1
» RE: Something New
Posted by: Sparks56
» RE: Something New
Posted by: peacefullaim1
Comments are closed-
Posted by: disc golf on Feb 17, 2009 2:38 AM
Current rating: 5 [1 = poor; 5 = excellent]
As a nutritionist, I say, let's not just treat symptoms! Let's try to find the CAUSE of one's health challenges/obesity/fatigue, etc. Well, part of our trouble with the issue of terrorism is that we treat it like a disease. It is nothing of the sort: It is a SYMPTOM of injustice and miss-distribution of resources. This is obvious to the lower classes, but conveniently ignored by those who control the masses. Yes, this is the elite and those who get out their messages: The corporate controlled mass media. (See John Stauber's book: "Trust Us, We're Experts" for more on the sick field of "public relations" or how to lie so much to the people, but in full business attire, they believe our nonsense or that we really are telling the truth!)
In Naomi Klein's outstanding book, "The Shock Doctrine--The Rise of Disaster Capitalism", we can understand that all three of the major "shocks" used as excuses or tools to manipulate and control populations (economic, weather, military) are now coalescing together to create a huge monster and all around the world. (Remember, many of the world's major crisis are related to global warming. The Sudan crisis, to give but one example.)
If we learn that these crisis enrich ONLY the few and deprive the MANY, we can understand the importance of NOT overreacting, but appropriately responding. Take care of our health, don't overeat, exercise every day, do NOT spend any money unnecessarily, store your beans and water AND prepare to march on Washington. (How are you going to do this if you can't walk a mile?), then you'll be better able to cope when (not if), martial law is declared. I could say more, but let's leave it at that.
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Posted by: pinnacle on Feb 17, 2009 3:13 AM
Current rating: 4 [1 = poor; 5 = excellent]
And don't blame the conservatives in government because that would be wrong. The CEO's and Wall Street gurus (the ones on TV are actually wantabe actors) were educated, for the most part, at Ivy League schools or places like Stanford --- not exactly known as bastions of conservatism.
No, the real problem lies in executive leadership and the forgotten duty of the CEO to plan strategically so that the organization endures forever. Globaliztion means going abroad and operating your business there, within the local economy, with local labor, with local materials, making products for local consumption. Yes, Toyota and Honda began in the USA by shipping cars made in Japan, but they are now making their products in the USA, with local labor, mostly parts made in the USA, and selling those products competively to US citizens for "dollars", not yen! I don't think they are shipping products back to Japan!
Enough said --- if a US company makes a product offshore and ships it back to the USA then give that company the protection it has sought for years --- tax the product as a "foreign product"!!!!! Maybe then a leader will step us and utilize the American ingenuity that has always and can continue to make us number one in manufacturing! No one is holding the executives accountable for the leadership of their organizations and the stockholders have "no" power even though they own the companies.
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» RE: Wall Street Terrorist -- YES: CEO Terrorist __ YES! YES! YES!
Posted by: Hovey
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Posted by: Perry Logan on Feb 17, 2009 3:19 AM
Current rating: 4 [1 = poor; 5 = excellent]
I beg to differ. The evidence suggests that one party has gone went bad, and the other party hasn't.
Just check CREW's list of the 20 most corrupt Congresspeople. It's almost all Republicans. The Clinton Administration had fewer convictions and forced resignations than any two-term Presidential Administration since Teddy Roosevelt.
It's not true that both parties have collapsed. This is just what the corporate media will tell us--to make us feel we have no hope. Judging from the comments here, they're succeeding.
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» There are no political parties any longer
Posted by: weathered
» RE: Corporate meme alert
Posted by: gazooks
» AIPAC bought Congress
Posted by: weathered
» RE: AIPAC bought Congress
Posted by: nate
» You've never shown a link between the financial crisis on Wall St. and Israel. But then again...
Posted by: yellow
» Both parties helped cover up the truth about 9/11. . .
Posted by: dustdevil
» RE: Both parties helped cover up the truth about 9/11, except no one knows the truth about 9/11...
Posted by: yellow
» You are right, it would be impossible to cover up an inside job . . .
Posted by: dustdevil
» "Such a conspiracy would have support in this society anyhow."
Posted by: LeftWright
» Yellow, you have been at this for YEARS
Posted by: realtruther
» Al Qaeda's no fiction to those they've blown up...
Posted by: yellow
» AE911truth.org the 600 Architects and Engineers for 9/11 Truth is an anti-Israel Islamic website?
Posted by: realtruther
» But they don't claim the Mossad did 9/11 and they don't claim a stand down order was given by Bush
Posted by: yellow
» So you don't think that, say, radical Israelis would be capable of blowing up schoolchildren?
Posted by: realtruther
» Clinton & NAFTA, Democrats FUND THE SCHOOL OF THE AMERICAS
Posted by: BlueBerry PickN
» RE: Corporate meme alert
Posted by: DaBear
» RE: Corporate meme alert; yes, they could succeed
Posted by: Beck
Comments are closed-
Posted by: Oemissions on Feb 17, 2009 3:38 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: exposure
Posted by: maxfactor
Comments are closed-
Posted by: Urgelt on Feb 17, 2009 4:09 AM
Current rating: 4 [1 = poor; 5 = excellent]
My copy of Das Capital will remain shelved, dust undisturbed, thanks. I'll stick with Keynesianism, at least until something better comes along.
As for the author's prediction of deflation, he speaks as if it's a done deal, unavoidable and certain. I hate to disillusion him, but the reason deflation was such a problem during the Great Depression was the reluctance of the government to just print money willy-nilly. Roosevelt did not do much with monetary policy except to try to stabilize the currency. Our present government feels no such reluctance, let me assure you. They're gushing the stuff over at the Fed, more every passing day. At this rate the world will eventually be so awash in greenbacks you won't be able to give 'em away.
No, our fate is far more likely to be a much more devastating version of the stagflation which hit us after the oil embargo in 1973 - rampant inflation coupled with dismal economic performance, with some dollar shocks tossed in as spice.
Stagflation is an economic state where too many people can't get a good job, and the currency you have accumulated (savings) erodes in value. We have one leg in this grave already - people have instinctively avoided saving because the real rate of inflation has been higher than the CPI (it was jiggered to be dishonest back in Reagan's day).
With sustained stagflation, you are reduced to extreme poverty unless you have some essential skill or talent you can exploit to buck the trend. If it gets real bad, then the untaxable underground swap economy, where goods and services are exchanged without reference to dollars, will become so large that state and local governments will find it challenging to operate at all.
And that's the point at which we will find soldiers and National Guardsmen taking the field in our own country against our own citizens, because when civilian government breaks down, you get orgies of looting and destruction. We humans are funny that way.
I say, seize the underwater banks. Establish honest inflation indices. End all the stupid foreign adventures. Establish fiscal discipline in the budget. Invest in infrastructure. Stop exporting jobs and letting rich people off the hook when it comes to taxes. Bring the Fed back under direct control of the Administration, where there is political accountability for it. Simplify the tax code, it's ridiculous and a drag on economic development. Charge headlong into the green economy; there are a lot of jobs that we can generate with that, and if we become a world leader in the field, we can boost our exports significantly.
Bust up monopolies and oligopolies, too. They aren't helping. If it's too big to fail, it's too damn big. I happen to think competition is a good thing. When the competition in an industry is lost to consolidations, it just drags the rest of the economy downward.
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» RE: Dust off Marx? Really?
Posted by: shinseiji
» You're exactly right. No matter what's been done in the name of Marxism, it still offers a
Posted by: and_abottleofrum
» RE: Dust off Marx? Really? Yeah, really.
Posted by: DaBear
» Karl Marx was deluded MoonBat Quack that died in Poverty
Posted by: PointMan
» RE: Dust off Marx? Really?
Posted by: JSquercia
Comments are closed-
Posted by: megpie71 on Feb 17, 2009 4:29 AM
Current rating: 5 [1 = poor; 5 = excellent]
We're a peaceful nation. We don't have a history of rioting in the streets on a regular basis, or burning down the buildings. Instead, we're battening down the hatches and bracing for the oncoming storm in a variety of ways. It's not likely that our politicians will attempt to "resolve" the whole issue by raising levels of hatred toward others, and trying to embroil us in a war (or at least I sincerely hope not). But I swear: if there were an easy way to take out the majority of the US bank and financial institution CEOs, I'd be lining up to give it a go.
This crisis hasn't stopped at your borders. The big ones never do. It's affecting the whole world, and if your country attempts to dodge the responsibility for what's happened, I'd say there's going to be more than one nation willing to declare you persona non grata.
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» My apologies. Now...
Posted by: freelyb
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Posted by: Anthhh on Feb 17, 2009 4:46 AM
Current rating: 5 [1 = poor; 5 = excellent]
Who except for war criminals wants to associate with war criminals?
REMINDER:
War criminals never stop on their own!!!
The same group are STILL running the same affairs from behind the stage .
Obama is just a news anchorman..watch his face nothing is there that wasnt on the face of Tony Snow and the rest of the cast. We should not see him as otherwise.
When he CONSIDERS investigating and indicting many many people then that is when we should CONSIDER that he is not a NEWS ANCHORMAN.
When the hoarde of war criminals and traitors are frog marched to their severest sentencing, we can then safely say that Obama is a real President and America is a real democracy.
________________________
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Posted by: LOVELYT. on Feb 17, 2009 4:55 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
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Posted by: kafka, f on Feb 17, 2009 4:56 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
Hamersley testified to the Senate in 2003 that tax fraud involves devising transactions which allow for tax losses and “hiding the true facts from the IRS”. The transcripts are available for all to see. Hamersley also restated the same in his lawsuit against KPMG in 2003 (which is a public document).
As one example of Hamersley’s fraud, Hamersley while at KPMG gave advice to a client that tens of millions of tax losses could obtain with a 20% to 30% of success upon IRS audit if the IRS discovered the true facts of the transaction. Presumably, if the IRS did not discover the true facts of the transaction, a higher chance of success upon audit by the IRS would obtain. Hamersley was advising on a series of preplanned asset and stock transfers which involved separating assets from liabilities inside a company, transferring the assets to a foreign company and selling the stock of yet another company to the client’s lawyer for a dollar, all to achieve tens of millions in tax losses and defraud the creditors of the company from which the assets were being stripped. Hamersley’s participation in all these crimes is confirmed in an email by him dated May 24, 2000 prepared by him while working as a tax expert at KPMG.
Hamersley also further participated in hiding the true facts of the transaction from the IRS and the creditors by reviewing and approving documents prepared in June of 2000 which gave effect to the transaction back to 19999 (which based on Hamersley’s definition of tax evasion, is a classic case of backdating a fraudulent tax shelter).
In fact, the transaction approved by Hamersley is very similar to the one he claimed in his lawsuit against KPMG involving XYZ corporation (which we all now know was Occidental Petroleum) as tax fraud.
This of course creates an interesting conundrum for Hamersley, as it is likely he will claim his tax shelters were not fraudulent (not with standing his email which describes the possibility and chances of success upon IRS audit if the IRS discovers the true facts), however, if that is so, then his description of tax fraud to the Senate, other government officials, taxpayers whom he now confiscates income from and all the people he gave speeches to and articles he wrote for are being lied to. In which case, Hamersley is guilty of lying to the Senate and other government officials, perjury; outright theft of income from those taxpayer’s whom he is now confiscating income; theft of honest services from the FTB and those who he gave speeches to or wrote articles for on tax fraud; and most incredibly, conspiracy to defraud creditors by participating in a convoluted scheme to separate valuable assets from liabilities for profit at the creditors expense.
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Posted by: beachcomberT on Feb 17, 2009 4:58 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» "hostile groups within this country..."
Posted by: adp3d
» Fast track citizenship
Posted by: topbrick
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Posted by: overthrow on Feb 17, 2009 5:20 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: Banking is dead.
Posted by: Dboy
» RE: Banking is dead.
Posted by: overthrow
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Posted by: jstuv on Feb 17, 2009 5:22 AM
Current rating: 5 [1 = poor; 5 = excellent]
COMMUNISM: If everyone was compensated equally …and there is a grantee of employment, why would anyone work or innovate? COMMUNISM imploded.
FASCISM: If all dissenters were killed and all their possessions confiscated, how would the society continue? They would have to steal from and kill their own …which is what happened in 1944, 1945.
The TALIBAN: If Art and Entertainment were not permitted and all women subjugated; all dissenters killed, how would the society replenish itself?
They would die out eventually.
REPUBLICANISM: In order to maximize profit, all labor would be so minimally compensated that workers would be slaves. All wealth would be inherited. There would be no need for elections as the outcome was already determined.
Is that the society you would want?
DEMOCRATIC SOCIALISM: If all wealth and services were equally shared, but citizens have a say in their entire social and governmental structure, would there be a need to steal or for war profiteering?
You figure it out.
Totalitarian Government
What is the first item on the agenda for any totalitarian government?
…To Dismember Trade Unions and Organizations.
Is the American Society interested in a totalitarian government?
Ya betcha!
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» RE: understand political philosophy
Posted by: laoma
» RE: understand political philosophy
Posted by: DaBear
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Posted by: QuestionAuthority on Feb 17, 2009 5:25 AM
Current rating: 4 [1 = poor; 5 = excellent]
When does WW III start?
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» RE: Well, there's one thing we can do...
Posted by: weathered
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Posted by: we_need_Abe on Feb 17, 2009 5:38 AM
Current rating: 5 [1 = poor; 5 = excellent]
A key statement raised in the article was:
"Under the most extreme circumstances, this might include use of military force against hostile groups inside the United States."
I wonder what and who will define "hostile"? Will a home gardener or an amish farmer trying to sell/trade fresh milk be hostile? Not to the masses they won't but to the large commerical growers and dairys they might.
What we need right now is transparency, calmness and working together. Fight against too much government control, greed, and secretiveness. If I wasn't so worried about the future I'd actually be fascinated by what is going to happen.
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» RE: Hallelujah, spread this word!
Posted by: Dboy
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Posted by: bccmeteorites on Feb 17, 2009 5:40 AM
Current rating: 5 [1 = poor; 5 = excellent]
http://www.bccmeteorites.com/misconduct-planetary.html
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» RE: Intellectual Elites at Universities
Posted by: sunnywater
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Posted by: Purple Girl on Feb 17, 2009 6:03 AM
Current rating: 5 [1 = poor; 5 = excellent]
How many decades have Repugs and corps spewed 'Americanism' and "Patriotic" double Speak?
Which 'Terrorists' were Beneficiaries of both Repugs and Corps esp during the '80's?
Being only capable of claiming poilitcal consciousness for about the last 30 yrs- I serious consider the Repugs and the Corps to be two most treasonous groups that have been operating within our borders for that time.
We already know about McCain's aid & Comfort to Bin laden, The Oil corps (Cheney) assistance in spawning and rearing Bin laden and his fellow Saudi native Sons.Ronny's admin supplying Anthrax to Saddam. so why should we be surprised that Berneke, Paulson and the rest of Wall Street are not involved in this internal seige upon the US.
Hasn't a US Economic Catastrophe been a goal of these foreign Terrorist the entire time- hasn't that been their biggest bitch about US? Our wealth and influence not being used to address the suffering of those our Corps & Gov't used to build up their 'Reserves'.
seem sto me it doesn't take a mental Giant to connect the dots, esp when the hopes and dreams of those who hate US have come to pass.
How could some distant Rag tag group bring down America- Infect it from the inside and wait for it to implode.
Why would this be a goal? Because Misery not only Loves company, but creates desperation. What is the most expensive 'commodity' Corps are required to purchase- labor. and Which Party has been working (and confessing) to undermine- Organized labor.Deplete available jobs, hike up prices, and destroy all savings. How do you drive down Prices, Wall Street? flood the market.
If bin Laden et al wanted Americans to feel the pain of other 3rd world nations, who better to enlist than those in Political office who control legislation and those who Control the distribution of wealth and resources?
They have been attacking US for at least the last 30 yrs- their 'Trojan Horse' was 9/11- The event which created a euphoic feeling of Unity, when in fact it was nothing more than a Red herring- A Distraction.While We slept under the veil of 'patriotism' they were laying waste to the Very Foundation of our 'Village'.
Some Repug Dumbass even admitted to resorting to 'Insurgent'/ 'Taliban' tactics to undermine any attempts at recovery- Freudian Slip- Most Definitely!
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» Again, 'show me who you walk with
Posted by: weathered
» RE: Again, 'show me who you walk with
Posted by: tony_opmoc
» RE: Again, 'show me what your focus is and I will show you the limits of your thinking
Posted by: using
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Posted by: ProgressiveManiac on Feb 17, 2009 6:19 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
By now they would have launched yet another costly and devastating war, this time no doubt on the Cayman Islands.
Bush would take a break from clearing brush to tell us that's where the bad guys are. Sadly half of us would believe him.
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Posted by: otto on Feb 17, 2009 7:21 AM
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Posted by: waterflaws on Feb 17, 2009 7:33 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
"Unemployment ... is close to 14 percent." THAT doesn't take into account the millions "unemployed" Americans in prison, nor the statistical effect of "workers" in the military who are always at (or near)100% employment.
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Posted by: solrev on Feb 17, 2009 7:35 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» ISMs: like fascism, racism, ageism, NATIONALISM
Posted by: BlueBerry PickN
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Posted by: monkeywrench on Feb 17, 2009 8:04 AM
Current rating: 5 [1 = poor; 5 = excellent]
* * * *
By some estimates, $14 trillion is roughly 25% of the entire yearly economic product of all of Planet Earth! There are also tens – or hundreds – of trillions of dollars in those voo-doo "investment instruments," derivatives, that have gone sour. What happens when the bill comes due on all of that virtual funny-money as well?
Capitalism is screwed. No wait ... WE'RE screwed; capitalism is dead. Or should be.
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Posted by: littlepitcher on Feb 17, 2009 8:04 AM
Current rating: 5 [1 = poor; 5 = excellent]
Women continue to be oppressed because we haven't taken the same approach since the suffrage riots of the WWI era.
I totally hate the idea, but it's the only thing the Wall Street White Liars and their hangarounds respect and fear.
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» I totally disagree
Posted by: Battle4Seattle
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Posted by: SeattlePackedSnowandCollidedCars on Feb 17, 2009 8:09 AM
Current rating: 3 [1 = poor; 5 = excellent]
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Posted by: PaulK on Feb 17, 2009 8:16 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
The military paper quoted here reflects the same ideology. Military men assume that if people in other countries either riot or take up arms because of poverty, Americans will too. Left unsaid these days is a reactionary hangover belief that a human being's skin color always affects critical thinking.
What actually happens is that citizens in countries with a strong democratic system work first through the election system, then second through nonviolent protests, to implement change. In countries that the U.S. occupies, the citizens don't have some options. For example, if I throw my shoe at my state's governor I might pay a fine, but I won't disappear.
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» If you threw your shoe at a state governor, you'd probably do some prison time
Posted by: and_abottleofrum
» Well, how about a cream pie in the face?
Posted by: PaulK
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Posted by: TarryFaster on Feb 17, 2009 8:23 AM
Current rating: 4 [1 = poor; 5 = excellent]
And if you didn't elect to "click," here is their ongoing, long-term agenda:
1. Use violence and terrorism rather than academic discussions.
2. Preach “Liberalism” to usurp political power.
3. Initiate class warfare.
4. Politicians must be cunning and deceptive – any moral code leaves a politician vulnerable.
5. Dismantle “existing forces of order and regulation.” Reconstruct all existing institutions.”
6. Remain invisible until the very moment when it has gained such strength that no cunning or force can undermine it.
7. Use Mob Psychology to control the masses. “Without absolute despotism one cannot rule efficiently.”
8. Advocate the use of alcoholic liquors, drugs, moral corruption and all forms of vice, used systematically by “agenteurs” to corrupt the youth.
9. Seize properties by any means to secure submission and sovereignty.
10. Foment wars and control the peace conferences so that neither of the combatants gains territory placing them further in debt and therefore into our power.
11. Choose candidates for public office who will be “servile and obedient to our commands, so they may be readily used as pawns in our game.”
12. Use the Press for propaganda to control all outlets of public information, while remaining in the shadows, clear of blame.
13. Make the masses believe they had been the prey of criminals. Then restore order to appear as the saviors.
14. Create financial panics. Use hunger to control to subjugate the masses.
15. Infiltrate Freemasonry to take advantage of the Grand Orient Lodges to cloak the true nature of their work in philanthropy. Spread their atheistic-materialistic ideology amongst the “Goyim” (gentile).
16. When the hour strikes for our sovereign lord of the entire World to be crowned, their influence will banish everything that might stand in his way.
17. Use systematic deception, high-sounding phrases and popular slogans. “The opposite of what has been promised can always be done afterwards... That is of no consequence.”
18. A Reign of Terror is the most economical way to bring about speedy subjection.
19. Masquerade as political, financial and economic advisers to carry out our mandates with Diplomacy and without fear of exposing “the secret power behind national and international affairs.”
20. Ultimate world government is the goal. It will be necessary to establish huge monopolies, so even the largest fortunes of the “Goyim” will depend on us to such an extent that they will go to the bottom together with the credit of their governments on the day after the great political smash.”
21. Use economic warfare. Rob the “Goyim” of their landed properties and industries with a combination of high taxes and unfair competition.
22. “Make the ‘Goyim’ destroy each other so there will only be the proletariat left in the world, with a few millionaires devoted to our cause, and sufficient police and soldiers to protect our interest.”
23. Call it The New Order. Appoint a Dictator.
24. Fool, bemuse and corrupt the younger members of society by teaching them theories and principles we know to be false.
25 Twist national and international laws into a contradiction which first masks the law and afterwards hides it altogether. Substitute arbitration for law.
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» RE: Too much cryptic allusions to the Protocals of the Elders of Zion to me
Posted by: magoogle
» Your post belongs
Posted by: EncinoM
» RE: Your post belongs
Posted by: HANGTRAITORS
» soundoff
Posted by: soundoff
» RE: soundoff//Ditto-
Posted by: RR#1
» Obviously, none of you have read the link!
Posted by: TarryFaster
» what kind of psyop is this?
Posted by: realtruther
» TRUTH PERVERTED TO DIVERT ATTENTION FROM THAT WHICH NEEDS FIXING TO THAT WHICH SAFEGUARDS
Posted by: using
» RE: Un-regulated corporations are mostly made up of goyim so why blame da Jooooz?
Posted by: yellow
Comments are closed-
Posted by: thinkverybig on Feb 17, 2009 8:25 AM
Current rating: 5 [1 = poor; 5 = excellent]
At a time of crisis for the country, high unemployment, massive foreclosures, increased debt, etc., Republicans are not interested in doing what’s best for Americans but what’s best for the rich and them to regain power to keep this country off track. Let’s not forget that Bush and Republicans are the blame for wasting nearly a trillion dollars starting a war based on lies, illegal wire-tapping, torture, failing to regulate the banking industry which caused this financial crisis, outsourcing jobs overseas which prevented Americans from having jobs, no domestic policy at all and the list goes on. Now is not the time for partisanship but a time for us to unite as a country and yet the Republicans are not interested in helping average Americans but instead they continue with a pursuit of giving tax cuts to those who don’t even need them. Republicans are still out of touch with the average American and fail to see that the American people voted for change in this country. They still don’t get it! Well let’s remind them that we have not forgotten the mess that Bush and Republicans have put this country in and we will no longer allow their failed, old and divisive policies to divide us. Yet with this crisis, Republicans voted no on the stimulus bill that would be a first start in getting this economy back on track and they are boasting about voting no! Well the polls show that the American people want the stimulus and need the benefits of it. The states need the money to help with infrastructure and other states related needs and yet the Republicans voted no on the stimulus bill. It just shows how out of touch and disconnected they are from average Americans and it’s time that the American people say very loud and clear that the policies of Republicans are not what this country want or need at this critical time. They didn’t get it during the election and they don’t get it now!
Please join me in the crusade to vote all Republicans out of office!
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» RE: epubicans just don't get it!
Posted by: Hovey
» RE: epubicans just don't get it!
Posted by: solstice
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Posted by: monkeywrench on Feb 17, 2009 8:37 AM
Current rating: 5 [1 = poor; 5 = excellent]
This is the ugly, destructive underbelly of our secular religion, laissez- faire capitalism. I'm no Bolshevik, but it should be obvious by now that any economic system that is structured to allow massive accumulation of wealth by a few pirates while impoverishing everybody else is a failure and must be replaced, not just spackled over with borrowed money.
The "Shock Doctrine" that Naomi Klein has written about has been used recently by the disgustingly rich and power-mad to take even more from the populace. But that sword can cut both ways: the shock can be so great that it causes the populace to take down the rich and powerful. We did it in 1776, the French in 1789. Although those two rebellions turned out well, I prefer that it not happen again; the results can be very ugly and the outcome uncertain. I feel, though, that if our national pressure cooker continues to boil, an explosion will be inevitable.
Thomas Jefferson once said, "I hold it, that a little rebellion, now and then, is a good thing, and as necessary in the political world as storms in the physical."
I only hope that we are strong enough to weather the coming storm.
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Posted by: wleming on Feb 17, 2009 8:45 AM
Current rating: 5 [1 = poor; 5 = excellent]
So turn off the corporate tv, and get out your book on alternative social/political systems...
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Posted by: BlueBerry PickN on Feb 17, 2009 8:50 AM
Current rating: 2 [1 = poor; 5 = excellent]
& you wonder if the Rest of the World might be irritated at an immature bully state called the USA?
gee, thanks for catching up...
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Posted by: monkeywrench on Feb 17, 2009 9:04 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
But ...
Boy, it's going to be a long time, maybe never, before the cultural establishment "gets it." On a television talk show this morning, there was a segment on baby boomers starting over in our sour economy. The segment's answer to their 401(k)'s being in the toilet, pensions evaporating and their jobs going bye-bye in an economy that has hit a wall? Make and sell more useless crap! Start a small business (presumably going deeper into debt to do it), find or invent more consumer junk everyone could do without if they had any brains, and then SELL, SELL, SELL!
They might as well have been told to use gasoline to put out a fire. Or to try to sell fire at $19.95, plus shipping and handling, to some unsuspecting rube.
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Posted by: yellow on Feb 17, 2009 9:14 AM
Current rating: 2 [1 = poor; 5 = excellent]
Trillions of dollars poured in, mostly because bonds represent savings and the US dollar is a major reserve currency in which most debt is denomenated. US bonds have always been deemed safe and thus attract billions in investment despite a relatively low rate of return. This is still the case despite the crisis. I return to this point.
As the housing bubble expanded, more and more MBS's were sold overseas. In mid-2006 a global stock market decline began to occur and by mid-2007 it began to affect US capital markets as the housing bubble began to burst. About this time foreign investors, who were assured of the soundness of the MBS's they held, began to unload them as well as the corporate stocks and bonds that were based on the general health of the US economy. Between Jan. and July 2007, the monthly net inflow of foreign capital into the stocks and bonds of US corporations averaged over $65 billion, over four times the net foreign capital flowing into US Treasuries. But from August 2007 to Oct. 2008, the average monthly net inflow from abroad to US stocks and bonds fell by more than 75% compared to the earlier period while the inflow to US Treasuries almost doubled!! By the last quarter of 2008, twice as much investment was flowing into Treasuries as into corporate stocks and bonds.
The reason was simple. Financial speculation ruined the US economy but not the market in government bonds or the dollar the strength of which our Asian trade partners needed to maintain in order to save their export markets and hence their economies. Capital flight did harm the dollar temporarily. But ultimately it only shifted foreign investment within the US economy instead of collapsing it altogether. We are, after all, too big to fail.
One final point, footloose capital markets allowed politicians and the state freedom of manuvre around the democratically elected representitives and the interests of society. They didn't have to rely on Congress for money; they just relied on ongoing foreign capital inflows. The Fed played this game. So did the Argentine Government and they got badly burned in 2002 when they defaulted on their bonds. In the US, the bursting of the housing bubble in 2007 took the whole economy down with it. It's time for regulation. It's also time for an earnest discussion about international capital controls, what they are, and how we can again use them to positive effect.
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» What the hell is Manuvre?
Posted by: dustdevil
» It's the French Spelling of Maneuver. Don't trash as Horseshit Political Ideas you can't understand!
Posted by: yellow
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Posted by: Dennis St. John on Feb 17, 2009 9:12 AM
Current rating: 5 [1 = poor; 5 = excellent]
Some of us have been anticipating the current state of affairs for decades. It really shouldn't have come as a surprise.
All we have to do to quiet threats of Al Qaeda is to leave the Middle East.
Then we need to find alternative energy to oil. That necessity is already upon us, but it will shake the economy to the core.
Imperialism and militarism are anachronistic. The great danger is that they will continue despite the harsh realities of the situation. We simply can't continue dominating the world through wars.
Zero Population Growth has had the answer to prosperity without unbridled growth for decades.
Bush dismissed the concerns of environmentalism as a fad. When oil, water, and food become increasingly scarce and pollution becomes increasingly dominant, environmentalism will come to the fore, but perhaps too late, lacking the resources to meet the new demands.
It should be perfectly obvious that the federal government is too inflexible to take a new tack. It will resort to population control at the expense of personal freedom. The four students shot dead on the Ohio college campus of Kent State testify to the extent to which the federal government will go to keep dissent under control.
If the government monetizes the debt, the American dollar will become less valuable than the paper it is printed on.
Learn to hunt, plant gardens, heat with wood, light your domain with candles, and learn to barter rather than buy.
Welcome to the 18th Century.
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Posted by: Archie1954 on Feb 17, 2009 9:30 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: The Blame Game
Posted by: DaBear
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Posted by: JDrozz on Feb 17, 2009 9:31 AM
Current rating: 1 [1 = poor; 5 = excellent]
Even though the “Bill” is over 1100 pages in length and the public was “given” only one day to review it, this “Stimulus” will nonetheless be passed into activation right here in CO. So, one day, when our grandchildren ask me “What was it like when America had money, gramma and grampa?” I can say:
“I was living in the city where this, as it should be called International Banker Takeover Plan was enacted, and watched as millions of mindless citizens did nothing as the United States’ national sovereignty was handed over to the internationalist bankers – the same bankers who created the financial and economic implosion of 2007-09 when the once mighty America was completely sold out and forever changed from a democratic republic to a global-fascist regime bankrolled by the Federal Reserve and tyrants of corporate industry and approved by a spineless Congress and Senate consisting of morally-corrupt politicians – but – hey - at least it was the first African-American President who signed over your health, prosperity and future little Timmy – we might have been dumb, but we weren’t racist!”
This “Stimulus” is going to destroy the USA. But at least we have a front row seat!! And if things get out of control – the good old boys at USNORTHCOMM in Colorado Springs will be there with the 20,000+ fresh-from-Iraq soldiers who are to be put on active duty within the US!! I wonder why so many active troops are now going to be coming home to patrol American streets? It is almost like the government is expecting something bad to happen… Everyone should Google the FEMA camps being built around the country. What are the plans here?
Time to wake up – America has been taken over in a silent economic coup and is now a mere shell of its Constitutional roots. In this total FRAUD we are being controlled by the world banking elite and prepared for future horrors. They are putting soldiers on our streets, taking our pensions and 401k’s and Obama is appointing the very criminals whom have been behind the scenes making all of this our current reality (look at Geithner and Rahm Emanuel for instance). This is not a mere ponzi scheme – this is outright THEFT. No oversight = something to hide.
We have been under Emergency Powers Act since 2001 and Obama will not be lifting it. He has obviously shied away from any actions that lead to the conviction of any Bush Admin officials for their murderous treason. He will not reverse the Presidential ‘Signing Statements’ of his predecessor. He will not remove the Patriot Act. He will not even look at ending the Iraq War until 24 months from now (while campaigning he said it would end in 6 months). More troops to Afghanistan = more death and money thrown away. He will continue Extraordinary Renditions. His Attorney General – Eric Holder, is a gun grabber and the latest legislation introduced (HR1 and HR45) state as much. The government has given out, as of the last report in DECEMBER over 8.5 TRILLION in US Taxpayer funds, that is before the Federal Reserve decided not to report such data anymore. This is Orwellian – simply put. This is not Change, this is exactly the same with a more slick PR packaging and “new/fresh” face to deliver the message of the economic ruin of our country on behalf of the internationalist banking class that is attempting to enact global governance and single world currency. The faster we all realize that the people that Obama has put around him will not allow Obama to make good on his multitude of campaign promises the better our chances of national and personal survival.
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Posted by: grkjr on Feb 17, 2009 9:33 AM
Current rating: 5 [1 = poor; 5 = excellent]
1. it was us who voted in obama and more of the same. beleiving the "talk" versus his "actions".."least if the two evils" a vote out of fear.
2 it is us who continued to support the stock market, demanding our 20% return and closed our eyes to layoffs and sending jobs overseas, bought energy stocks, all while crying foul.
3 it is us who shops at the chains that produce their goodies in sweat shops abroad and here.
4 it is us who continue to borrow to buy that next toy... until we have completely maxed out our credit
5 it is us who permitted congress to attack the constitution and the bill of rights, who let a little man in the white house go wild.. as we continue to vote back to congress those who perpetrated the crimes by either directly voting for the presidents program or who set on the sidelines.
6 the list goes on and on.. and crying about it while we continue the same political game just doesn't cut it. but hey we have "hope" and "yes we can"
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» RE: such victims... blame yourselves, rich kidz
Posted by: DaBear
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Posted by: Jennifer Bedingfield on Feb 17, 2009 9:36 AM
Current rating: 2 [1 = poor; 5 = excellent]
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» these progressive just like the dog and pony show
Posted by: SeattlePackedSnowandCollidedCars
» I wouldn't even bother calling them progressives or conservatives but Satan's minions !
Posted by: Jennifer Bedingfield
» Maybe if Obama would stop being a corporate/war shill, he wouldn't be getting flanked.
Posted by: maxpayne
» jimmy carter...
Posted by: undrgrndgirl
» my thing is...
Posted by: SeattlePackedSnowandCollidedCars
» you mean half ass...
Posted by: undrgrndgirl
» RE: Don't blame me. I voted for Nader thrice !
Posted by: Battle4Seattle
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Posted by: JDrozz on Feb 17, 2009 9:36 AM
Current rating: 4 [1 = poor; 5 = excellent]
We need to understand these words:
I believe that 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. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
Thomas Jefferson, (Attributed)
3rd president of US (1743 - 1826)
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Posted by: jimswanson on Feb 17, 2009 9:44 AM
Current rating: 4 [1 = poor; 5 = excellent]
“The Balkans?” Hey, isn’t that what Bush calls his male relatives?
On the serious side, many commentators, including myself, have said for years that Bush and the GOP were doing more damage to America than 1,000 bin Ladens and 1,000 al Qaedas.
Blair's report suggests we underestimated the damage.
You can find this and much more in "The Bush League of Nations: The Coalition of the Unwilling, the Bullied and the Bribed – the GOP’s War on Iraq and America," by James A. Swanson (2008, published by CreateSpace Publishing, 448 pages).
You can download the entire $25.95 book for FREE at www.bushleagueofnations.com.
I ask for nothing in return, except that you consider using my book to help restore and build America.
Jim Swanson, Los Altos, CA
“The Bush League of Nations”
www.bushleagueofnations.com [for FREE download of entire $25.95 book]
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Posted by: cbishopp on Feb 17, 2009 9:47 AM
Current rating: 5 [1 = poor; 5 = excellent]
People might have more respect for the law if they see that is is somewhat designed for their protection and not just for the benefit of the wealthy corporate elite.
So let's all watch the Madoff family be stripped of their wealth and that old bastard put in prison. Let's see CEO's who are presently getting bonuses, not just stripped of their bonus but of their property and position.
I have worked in many of these people's homes as a contractor and they are not starving. These people have multiple houses all over the world and have a team of staff that take care of their homes, raise their kids, cook their food, wash their clothes, and perform all the services that most of us can barely afford to do on our own. As millions of Americans are laid off I am taking care of homes whose owners are vacationing in Aspen!!!
Trust me there is plenty of money out there it's just that we don't have it. Obama will never penalize the same people who put him in office. He will give you a lot of lip service as your savings, benefits, and health care are reduced to rubble, though.
Thanks for the HOPE.
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Posted by: mnstra on Feb 17, 2009 10:34 AM
Current rating: 5 [1 = poor; 5 = excellent]
What can we do? I agree that 1000 Ben Ladens could not have done the damage to the US economy that the hand full of CEO corporate hacks thieves have done to us and world.!!!!!!!!!
If the major financial institutions were a country unto themselves, we would have to declare war on them and attack them ASAP
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Posted by: DaBear on Feb 17, 2009 10:53 AM
Current rating: 5 [1 = poor; 5 = excellent]
In plain English, something bureaucrats and the military seem incapable of employing, this translates into the imposition of martial law and a de facto government being run out of the Department of Defense. They are considering it. So should you.
Based on what lower class people fleeing Katrina experienced, how does a lower class person "prepare" or "consider" this potential future? Learn how to take a dive (like the Italian National side) when gun shots are fired? Learn how to play dead? Learn how to bow and scrape before a soldier, somebody's kid?
This makes no sense. Seems to me there is ZERO accountability for "electeds" any more. There is ZERO accountability for anyone in the owning class and their corporations. Dude, we already know it's a fuckin' free-for-all so how the hell do ya prepare for things to get worse?!
This whole damned culture needs a fuckin' enema.
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Posted by: mixers on Feb 17, 2009 11:08 AM
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Posted by: jwindsong on Feb 17, 2009 11:17 AM
Current rating: 1 [1 = poor; 5 = excellent]
RT
Online PRivacy when it COunts
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» Don't click on that link (IDENTITY THEFT!)
Posted by: GuitarBill
» FUCK YOU identity theft asshole... DEATH TO YOU WITH MY FISTS
Posted by: HANGTRAITORS
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Posted by: Johnism on Feb 17, 2009 11:30 AM
Current rating: 5 [1 = poor; 5 = excellent]
We won the war for our independence not because we had the superior military. We won the war because we knew how to fight the war on our turf. We also lost a war for the same reason. US soldier were not prepared to fight a war in a jungle like we attempted in Vietnam. Just like our soldiers now are not equipped to win a war in the mountains of Afghanistan.
Wars are no longer fought by lining up soldiers on both sides of a battlefield. Because of this, no war will ever truly be won against terrorists. Bin Laden recognized the cowboy, known as “W” would come after him in Afghanistan. He wanted this all along because he knew they had already defeated the Soviets there and would bog the U.S. down for a decade as well.
The U.S. can win a military battle easily. We can take out your army and weapon stockpile, and your government. But we cannot defeat enemies living amongst those we are trying to protect.
Bin Laden knew we would be sucked into a war we could not win but would continue to throw money at. So far over a trillion dollars spent.
On top of the money spent we also diverted time and attention away from our own country. We have let schools and info-structure crumble and wall street and the banking industry to run wild. We have soldiers away from their families for years at a time and then they are returning home with PTSD.
Fighting these continued wars is exactly what Bin Laden had in mind. He has brought the giant to its knees. Will we continue these actions that are disastrous to our country and continue our fall? Or will we rise up, stop these unjust wars and hang onto money our country desperately needs.
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» RE: Insanity knew what it was doing// 911 was a pretext
Posted by: RR#1
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Posted by: maxpayne on Feb 17, 2009 11:35 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: I used to be for reasonable gun control but now I'm for vigilante-ism.
Posted by: AngryWhiteFemale
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Posted by: Old Uncle Dave on Feb 17, 2009 11:58 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
Now they have even more.
This "crisis" was orchestrated by the bankers.
Intentionally.
Look who benefited and look who's paying.
Follow the money.
Build guillotines.
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Posted by: Sojourner on Feb 17, 2009 12:22 PM
Current rating: 1 [1 = poor; 5 = excellent]
Business as usual is still in charge, and that includes alarmist journalists like Hedges who will write whatever sells.
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Posted by: willymack on Feb 17, 2009 1:00 PM
Current rating: 5 [1 = poor; 5 = excellent]
1. We look up to crooks and liars as heros and demigods, even though their ONLY value is accumulation of wealth at ANY cost (to US, that is).
2. We STILL beg for sucrease and mercy from imaginary friends in the sky, even though the bloodstained history of those delusions is readily available for examination and consideration.
3. We continue, against all evidence to the contrary, to believe our elected officials are pure as the driven snow, when, in fact, most of them are on the take, and are evil, no-good cretins.
4. We STILL think a return to the "good old days" of heedless, wasteful, polluting way of life is just around the corner.
5.We STILL pretend the exploding world population has no adverse effect on the good of humanity.
We REALLY don't need these values, never did, and never will. It's time for new and more humane and realistic values.
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Posted by: frantic1971 on Feb 17, 2009 1:18 PM
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I am not Jewish but just a farmer from Nebraska. I grew-up in the sixties and was always presented such a positive image of the Israeli state (such as the movie Exodus). Here was a little country created against all odds and holding-out against a host of enemies by the courage of a people with a dream. Here were a people that had guts-iness and were the only truly progressive people in the mid-east.
Now on Alternet, every other article and every other poster attributes such Machiavellian purposes to Israel. I am dismayed and mystified that Progressives have such a "gang up-on" attitude on Israel.
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» RE: Anti-Israel sentiment in the first line
Posted by: blogfrog
» RE: Anti-Israel sentiment in the first line
Posted by: using
» RE: Anti-Israel sentiment in the first line
Posted by: WingedGryphon
» RE: Anti-Israel sentiment in the first line
Posted by: peacefullaim1
» RE: Anti-Israel sentiment in the first line
Posted by: Dboy
» After 1948, 600,000 Jews from Muslim Countries who were expelled to Israel from their former homes!!
Posted by: yellow
» RE: DISTROY ISREAL IS STILL THE GAZIAN MANTRA.....SO....SOME THINGS REMAIN THE SAME.
Posted by: using
» This is all about Al-Qaeda's Internet nasty disinformation campaign against Jews and Israel all over
Posted by: yellow
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Posted by: Jennifer Bedingfield on Feb 17, 2009 1:31 PM
Current rating: 2 [1 = poor; 5 = excellent]
READ IT AND WEEP !!
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» RE: KISSY FACE BHO APPROVES A SHARP INCREASE OF TROOPS TO AFGHANISTAN !!!!
Posted by: peacefullaim1
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Posted by: blogfrog on Feb 17, 2009 3:02 PM
Current rating: 5 [1 = poor; 5 = excellent]
President Eisenhower circa 1957
With the kinds of observations being made by military officials about US citizens speaking their minds...I'd say we're on the threshold of confrontation between our fundamental rights granted by law and what Eisenhower feared over a half century ago...
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Posted by: Mister_PsyOps on Feb 17, 2009 3:07 PM
Current rating: 5 [1 = poor; 5 = excellent]
This absurd line and its theme belongs in the dustbin of history.
CAPITALISM (noun)
an economic system based on the private ownership of the means of production and distribution of goods, characterized by a FREE COMPETITIVE market and motivation by profit
(Encarta® World English Dictionary ©)
FASCISM (noun)
any movement, tendency, or ideology that favors DICTATORIAL government, CENTRALIZED CONTROL of private enterprise, repression of all opposition, and extreme nationalism
Encarta® World English Dictionary ©
"Laissez-faire capitalism" may have existed in ancient time but whatever its faults "capitalism" that by definition requires real competition at commerce and basic human thought to operate DOES NOT EXIST in the west or anywhere else. “Capitalism” certainly did not exist during Marx’s lifetime when monopoly robber barons virtually owned the planet as they still do. (Groucho Marx had a better understanding of these issues than Karl Marx)
What has "destroyed itself" is the Illusion of "capitalism" and democracy. What is left is FASCISM which has been our true governing system since the private Ponzi trap "Federal Reserve" Corp (NOT federal with minus ZERO reserves) was palmed off to rig the economy for Organized Corporate Crime (i.e. FASCISM) oligarchy in 1913.
“Al-Qaeda” also never existed before it was trumped up in an FBI rigged Manhattan courtroom January of 2001 when a RICO case was brought against the fictitious CIA org behind the false-flag farce cooked on the west by what should more properly be called Al-CIAda funded out of the House of Saud and the U.S. through Pakistan’s ISI.
“The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the government of the U.S. ever since the days of Andrew Jackson. History depicts Andrew Jackson as the last truly honorable and incorruptible American president.”
President FDR (on de facto Fascist rule in a letter to corporate monopoly charlatan “Colonel” Edward M. House, co-founder of the Council on Foreign Relations and political fixer for the ruling class. House also handled President Wilson. 11/21/ l933 from the book "F.D.R.: His Personal Letters" - New York: Duell, Sloan and Pearce 1950)
“The minority, the ruling class at present, has the schools and press, usually the Church as well, under its thumb. This enables it to organize and sway the emotions of the masses, and make its tool of them.”
Doctor Albert Einstein (in a letter to Sigmund Freud 7/30/1932. 1879-1955)
“I believe that 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… the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered… The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of [private] lending institutions and moneyed incorporations.”
President Thomas Jefferson - 1743-1826
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» RE: Decoy PROPAGANDA for FASCISM
Posted by: lightwing1
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Posted by: JayHaden on Feb 17, 2009 4:22 PM
Current rating: 5 [1 = poor; 5 = excellent]
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Posted by: abusedbypenguins on Feb 17, 2009 7:11 PM
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» RE: abusedbypenguins
Posted by: Dboy
» RE: abusedbypenguins
Posted by: WingedGryphon
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Posted by: KAB on Feb 17, 2009 7:33 PM
Current rating: Not yet rated [1 = poor; 5 = excellent]
Regan & Bush are a bigger threat to the nation than Osama ever was.
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» RE: kb
Posted by: yesman
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Posted by: RR#1 on Feb 17, 2009 7:47 PM
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Posted by: ThinkLife on Feb 17, 2009 9:23 PM
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Friends and family thought I was extreme for publishing such views 2 years ago on
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» RE: Said it for years: Christian Corporate Terrorists are worse than Islamic terrorists
Posted by: Dboy
» Christians?
Posted by: Battle4Seattle
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Posted by: ThinkLife on Feb 17, 2009 9:40 PM
Current rating: Not yet rated [1 = poor; 5 = excellent]
Now they wonder how such supposedly nice, rich, right-minded Christian people could let the financial melt-down happen!
Answer: They did it because they could. They profited relentlessly, destroying years of consumer protections and rights along the way, and we now have the result. And Democrats are not exempt from responsibility--though Bush-appointed Republicans and associates have been involved in most of the scandals (See http://www.scandalist.info/ and "The scandal sheet" at http://dir.salon.com).
Any time someone takes such a polarized viewpoint as those Christian Corporate Terrorists and acts on it as if in fear for his life--all the while couched in a plush mansion with a $1 million + salary--the cuckoo clock is sounding off on society!
Hello, it's a canary in a coalmine! These rich, mentally unbalanced extremists have taken our society, handed more and more of it to themselves--who don't know any better than anybody else how to manage it--and almost single-handedly sown the seeds of revolution.
Why aren't we marching in the streets in Washington for the mortgage crisis? Let's start by imprisoning Countrywide's Angelo Mozilo, who walked off with over $100 million after leading the largest mortgage servicer down the path of fraud, corruption and bankruptcy.
Mozilo (http://en.wikipedia.org/wiki/Angelo_Mozilo) should be personally bailing out hundreds of consumers of his loans with those millions.
Insanity rules the rich, the conservative, the Reaganites. They never did make sense, the Southern yahoos elected them to try and coop up abortion rights activists and people who just want to live in a sustainable world--and now we have the economic melt-down!
Thank you Bush! Thank you Cheney! Thank you Regan, George H. W. Bush, Nixon, Limbaugh, Hannity and Gonzales! You've led our nation down the toilet while making millions off the backs of those who work for sub-par wages.
Call your Senators, Congressmen, editors and yank the idiots out of office.
Pass laws to fine, tax and imprison them for the kind of income redistribution that has put 40-50% of the nation's wealth into the hands of less than 1% of its population! While poor homeless kids suffer, eat dirt on sidewalks and fight each other for food and the dubious honor of gang membership.
Maybe those gangs supply the only prestige (and much needed cash) they've ever known. Values and goods that don't exist in the ghetto, because it's been stripped bare by the Conservative Christian Wrong.
We worry about gangs, and well we should--but what about the fraudulent gang members in the corporate world? Let's gang up on them!
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Posted by: akbirdwm on Feb 17, 2009 9:57 PM
Current rating: 5 [1 = poor; 5 = excellent]
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Posted by: induru on Feb 17, 2009 10:20 PM
Current rating: 5 [1 = poor; 5 = excellent]
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» I would ask if you're serious,
Posted by: Battle4Seattle
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Posted by: yesman on Feb 17, 2009 10:43 PM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: very word . . .
Posted by: using
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Posted by: robnitro on Feb 18, 2009 2:06 PM
Current rating: 5 [1 = poor; 5 = excellent]
Free Market Capitalism Morally and Financially Bankrupt
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Posted by: Battle4Seattle on Feb 19, 2009 2:22 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
That's the real threat. Many of its words threaten established religion and other countries' traditional mores. Our founders were brave people who dared to tread on some sacred ground when they established this text. We stole this land from a great people, the Native Americans; our founders caught a little of that Great Spirit, imho, when they wrote our founding documents.
Don't let a couple terrorists, whether here or overseas shred our dream.
If all else fails, the meek will inherit the Earth because the meek (plants & animals & perhaps some enlightened humans) don't give a rat's behind what happens to our economy, so hang on!
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Posted by: mexobserver on Feb 22, 2009 11:14 AM
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Posted by: Jay Randal on Feb 17, 2009 12:12 AM
Current rating: 4 [1 = poor; 5 = excellent]
Wall Street banksters are financially terrorizing the US into a new depression.
When Americans flood into DC by the millions to say 'No more bailouts for Wall Street' then the terrorism can end. Do nothing and the rape will continue for another 4 years under Obama's Regime.
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» RE: Hello the Wall Street banksters are the real terrorists!
Posted by: Ka-bird
» We have met the enemy, and they is not us --- they is Empire
Posted by: amacd
» Stock decline hits depression levels according to Business week economist.
Posted by: Prophit
» Ka-bird's right. The Empire controls the military
Posted by: amacd
» The difference is that many who flood DC would be armed. Would the NG fire? I hope not.
Posted by: thekidde
» RE: The difference is that many who flood DC would be armed. Would the NG fire? I hope not.
Posted by: Cybershaman
» RE: The difference is that many who flood DC would be armed. Would the NG fire? I hope not.
Posted by: nha16
» Good call Ka-bird..... the military general said ......
Posted by: Prophit
» GoldmanSachs gets a woody
Posted by: weathered
» Mainstream media always lie and distort truth, as they're beholden to
Posted by: and_abottleofrum
» RE: Mainstream media always lie and distort truth, as they're beholden to
Posted by: weathered
» RE: The takeover of the US media...
Posted by: Cybershaman
» JP MORGAN BOUGHT THE 25 MOST INFLUENTIAL NEWSPAPERS IN 1915
Posted by: HANGTRAITORS
» RE: True
Posted by: Cybershaman
» NPR/PBS were once an asset
Posted by: weathered
» RE: NPR/PBS were once an asset and still are.
Posted by: yellow
» RE: NPR/PBS were once an asset and still are.
Posted by: nha16
» Indeed, they are.......
Posted by: Prophit
» RE: NPR/PBS were once an asset
Posted by: nha16
» Didn't they just get bought out by somebody who is part of the MSM...
Posted by: Prophit
» And they will stand with the other criminals in a Nuremberg trial and get hung...
Posted by: Prophit
» RE: GoldmanSachs gets a woody
Posted by: bobdown
» RE: GoldmanSachs gets a woody
Posted by: weathered
» Why is it to hard for people to call this what it is???//
Posted by: Prophit
» weathered's right, Empire controls government and media
Posted by: amacd
» CONT weathered's right, Empire controls government and media
Posted by: amacd
» 'checks & balances'
Posted by: weathered
» Your being too kind.... they have completely gutted our entire....
Posted by: Prophit
» RE: Yes but who are they preparing to fight against-THE PEOPLE
Posted by: RR#1
» RE: Hello the Wall Street banksters are the real terrorists!
Posted by: mrjaylu
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Posted by: DrBrian on Feb 17, 2009 12:24 AM
Current rating: 4 [1 = poor; 5 = excellent]
Yet those who have so palpably laid the nation so low and committed or abetted so many felonies continue to bray as if they could possibly have anything truthful or insightful to say. The Christian Right's crime spree will likely go unpunished, but shouldn't go unremembered.
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» RE: Unpunished, But Not Unremembered
Posted by: topbrick
» RE: Unpunished, But Not Unremembered
Posted by: DrBrian
» RE: Unpunished, But Not Unremembered
Posted by: EHarold
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Posted by: rafaeltoral on Feb 17, 2009 12:36 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» ... that this was no accident
Posted by: launcher
» RE: ... that this was no accident
Posted by: MyLeftFoot
» Not completely accurate.... I do remember who was in control....
Posted by: Prophit
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Posted by: and_abottleofrum on Feb 17, 2009 12:41 AM
Current rating: 5 [1 = poor; 5 = excellent]
For the time being it is best to keep stoking up Leftist fervor and demands for economic reform at every opportunity. Keep escalating the rhetoric to get people aroused. A significant amount of reformist (and sometimes revolutionary) fervor at this stage could be enough to stem the possibility of internal military repression.
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» RE: Also keep in mind...
Posted by: Cybershaman
» It didn't stop them at Kent State
Posted by: phatkhat
» RE: You are absolutely correct!
Posted by: Cybershaman
» Remember who the military has been recruiting these days....
Posted by: Prophit
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Posted by: mmckinl on Feb 17, 2009 12:48 AM
Current rating: 4 [1 = poor; 5 = excellent]
Obama in word and deed and through his appointments looks to be pushing the kinder gentler Bush Line ...
Stalled in Iraq, escalating in Afghanistan, no torture investigations, still bigger military budget, tax cuts instead of programs, stimulus instead of permanent social spending, bailing instead of prosecuting Wall Street banksters .... the list goes on and on ...
And now, the warning to the powers that be, your constituents are going to be your worst enemies! The control of the National Guard has already been taken from the governors and given to the President ...
Fascist America, in 10 easy steps
Unless we as Progressives, Liberals and Populists stand up and demand a social platform for people to stand on rather than a safety net to fall into people will become hungry, homeless and violent ... The size of the prison populations already speak to the social and economic failure of our economy and our country. The situation will only get much worse.
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» RE: The Coming Fascism: All the signs are there ...
Posted by: richholland
» RE: The Coming Fascism: All the signs are there ...
Posted by: gazooks
» So, mmckinl, is this what voting "least worse" gets us??
Posted by: amacd
» Lets not forget the agenda either, what this is really all about...
Posted by: Prophit
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Posted by: Cyberpundit on Feb 17, 2009 1:17 AM
Current rating: 5 [1 = poor; 5 = excellent]
Now they're all busy noodling a way to their bonuses -- but their millions have been stashed away already. No point doing this token capping of executive bonuses (they'll still make millions) when nothing is coming from their offshore accounts already stashed. Those who suffer will be the future minions.
Pointless. I want to see some action. I want to see those Merrill cretins put behind bars. I want retroactive enabling of anti-bonus rules. I want the fed reserve to be accountable as well, including people like Greenspan who's now cheerfully doing speeches and VIP presentations.
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» Andrew Cuomo has made some progress
Posted by: weathered
» Andrew Cuomo as HUD sec help caused this mess
Posted by: SeattlePackedSnowandCollidedCars
» Weathered, I often wonder what you get from your Iranian handlers for blaming da Jooooz for it all!
Posted by: yellow
» Yellow,
Posted by: weathered
» this "da Jooooz" thing has gotten very old
Posted by: realtruther
» All the Jews you mention don't smear Jews as such. They don't make an issue of their being Jews.
Posted by: yellow
» but you're plain wrong
Posted by: realtruther
» My goodness, I am impressed with the courage I see on here....
Posted by: Prophit
» What a great response! Class, which I am sure is alien to him.
Posted by: Prophit
» RE: And yet, nothing will happen to the elite
Posted by: VZEQICVA
» RE: And yet, nothing will happen to the elite
Posted by: monkeywrench
» Someone must publish the addresses of all the miscreants in business and govt. Then - pitchforks
Posted by: thekidde
» Ok, here is a start.........
Posted by: Prophit
Comments are closed-
Posted by: kiwijohn on Feb 17, 2009 1:19 AM
Current rating: 5 [1 = poor; 5 = excellent]
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Posted by: HeroesAll on Feb 17, 2009 1:21 AM
Current rating: 5 [1 = poor; 5 = excellent]
That's a very telling phrase. Are all those groups 'riff raff'? Oh, really? Well, I suppose it will appear to the ruling class that they are.
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» RE: Say what?
Posted by: disc golf
» market nations
Posted by: setterwoman
» RE: market nations
Posted by: Cynsity
» RE: Say what?
Posted by: stormchilde1975
» The comma isn't that significant.
Posted by: and_abottleofrum
» RE: Irony Alert.
Posted by: oregoncharles
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Posted by: weathered on Feb 17, 2009 1:33 AM
Current rating: 5 [1 = poor; 5 = excellent]
Pull the plug on all MSM/PBS/NPR or embrace the fraud your living in.
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» We need to reward responsible media of this nature...
Posted by: freelyb
» RE: We need to reward responsible media of this nature...
Posted by: weathered
Comments are closed-
Posted by: artie on Feb 17, 2009 2:11 AM
Current rating: 5 [1 = poor; 5 = excellent]
In light of this article, Ms Goodman's discussion rewards a re-read.
In short, the conclusions in environmental ethics concerning our criminal neglect of moral obligations to future generations apropos of earth's habitability is transparent in the case of global socio-economic survivability as well.
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» RE: Is Posse Comitatus Dead?
Posted by: Artkansas
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Posted by: maxfactor on Feb 17, 2009 2:32 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» In a sense, no one won the Cold War. It put the U.S., the supposed winner, on an imperial
Posted by: and_abottleofrum
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Posted by: Sparks56 on Feb 17, 2009 2:33 AM
Current rating: 5 [1 = poor; 5 = excellent]
Leave Karl on the shelf, dust and all. Marxism, Marxist Leninism, etc. has never worked and won't work. (If you want to dust off something much more relavent, try Robert Malthus.)
The problems we face will take something new, something no one has thought of yet.
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» RE: Something New
Posted by: peacefullaim1
» RE: Something New
Posted by: Sparks56
» RE: Something New
Posted by: peacefullaim1
» RE: Something New
Posted by: Sparks56
» RE: Something New
Posted by: peacefullaim1
Comments are closed-
Posted by: disc golf on Feb 17, 2009 2:38 AM
Current rating: 5 [1 = poor; 5 = excellent]
As a nutritionist, I say, let's not just treat symptoms! Let's try to find the CAUSE of one's health challenges/obesity/fatigue, etc. Well, part of our trouble with the issue of terrorism is that we treat it like a disease. It is nothing of the sort: It is a SYMPTOM of injustice and miss-distribution of resources. This is obvious to the lower classes, but conveniently ignored by those who control the masses. Yes, this is the elite and those who get out their messages: The corporate controlled mass media. (See John Stauber's book: "Trust Us, We're Experts" for more on the sick field of "public relations" or how to lie so much to the people, but in full business attire, they believe our nonsense or that we really are telling the truth!)
In Naomi Klein's outstanding book, "The Shock Doctrine--The Rise of Disaster Capitalism", we can understand that all three of the major "shocks" used as excuses or tools to manipulate and control populations (economic, weather, military) are now coalescing together to create a huge monster and all around the world. (Remember, many of the world's major crisis are related to global warming. The Sudan crisis, to give but one example.)
If we learn that these crisis enrich ONLY the few and deprive the MANY, we can understand the importance of NOT overreacting, but appropriately responding. Take care of our health, don't overeat, exercise every day, do NOT spend any money unnecessarily, store your beans and water AND prepare to march on Washington. (How are you going to do this if you can't walk a mile?), then you'll be better able to cope when (not if), martial law is declared. I could say more, but let's leave it at that.
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Posted by: pinnacle on Feb 17, 2009 3:13 AM
Current rating: 4 [1 = poor; 5 = excellent]
And don't blame the conservatives in government because that would be wrong. The CEO's and Wall Street gurus (the ones on TV are actually wantabe actors) were educated, for the most part, at Ivy League schools or places like Stanford --- not exactly known as bastions of conservatism.
No, the real problem lies in executive leadership and the forgotten duty of the CEO to plan strategically so that the organization endures forever. Globaliztion means going abroad and operating your business there, within the local economy, with local labor, with local materials, making products for local consumption. Yes, Toyota and Honda began in the USA by shipping cars made in Japan, but they are now making their products in the USA, with local labor, mostly parts made in the USA, and selling those products competively to US citizens for "dollars", not yen! I don't think they are shipping products back to Japan!
Enough said --- if a US company makes a product offshore and ships it back to the USA then give that company the protection it has sought for years --- tax the product as a "foreign product"!!!!! Maybe then a leader will step us and utilize the American ingenuity that has always and can continue to make us number one in manufacturing! No one is holding the executives accountable for the leadership of their organizations and the stockholders have "no" power even though they own the companies.
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» RE: Wall Street Terrorist -- YES: CEO Terrorist __ YES! YES! YES!
Posted by: Hovey
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Posted by: Perry Logan on Feb 17, 2009 3:19 AM
Current rating: 4 [1 = poor; 5 = excellent]
I beg to differ. The evidence suggests that one party has gone went bad, and the other party hasn't.
Just check CREW's list of the 20 most corrupt Congresspeople. It's almost all Republicans. The Clinton Administration had fewer convictions and forced resignations than any two-term Presidential Administration since Teddy Roosevelt.
It's not true that both parties have collapsed. This is just what the corporate media will tell us--to make us feel we have no hope. Judging from the comments here, they're succeeding.
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» There are no political parties any longer
Posted by: weathered
» RE: Corporate meme alert
Posted by: gazooks
» AIPAC bought Congress
Posted by: weathered
» RE: AIPAC bought Congress
Posted by: nate
» You've never shown a link between the financial crisis on Wall St. and Israel. But then again...
Posted by: yellow
» Both parties helped cover up the truth about 9/11. . .
Posted by: dustdevil
» RE: Both parties helped cover up the truth about 9/11, except no one knows the truth about 9/11...
Posted by: yellow
» You are right, it would be impossible to cover up an inside job . . .
Posted by: dustdevil
» "Such a conspiracy would have support in this society anyhow."
Posted by: LeftWright
» Yellow, you have been at this for YEARS
Posted by: realtruther
» Al Qaeda's no fiction to those they've blown up...
Posted by: yellow
» AE911truth.org the 600 Architects and Engineers for 9/11 Truth is an anti-Israel Islamic website?
Posted by: realtruther
» But they don't claim the Mossad did 9/11 and they don't claim a stand down order was given by Bush
Posted by: yellow
» So you don't think that, say, radical Israelis would be capable of blowing up schoolchildren?
Posted by: realtruther
» Clinton & NAFTA, Democrats FUND THE SCHOOL OF THE AMERICAS
Posted by: BlueBerry PickN
» RE: Corporate meme alert
Posted by: DaBear
» RE: Corporate meme alert; yes, they could succeed
Posted by: Beck
Comments are closed-
Posted by: Oemissions on Feb 17, 2009 3:38 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: exposure
Posted by: maxfactor
Comments are closed-
Posted by: Urgelt on Feb 17, 2009 4:09 AM
Current rating: 4 [1 = poor; 5 = excellent]
My copy of Das Capital will remain shelved, dust undisturbed, thanks. I'll stick with Keynesianism, at least until something better comes along.
As for the author's prediction of deflation, he speaks as if it's a done deal, unavoidable and certain. I hate to disillusion him, but the reason deflation was such a problem during the Great Depression was the reluctance of the government to just print money willy-nilly. Roosevelt did not do much with monetary policy except to try to stabilize the currency. Our present government feels no such reluctance, let me assure you. They're gushing the stuff over at the Fed, more every passing day. At this rate the world will eventually be so awash in greenbacks you won't be able to give 'em away.
No, our fate is far more likely to be a much more devastating version of the stagflation which hit us after the oil embargo in 1973 - rampant inflation coupled with dismal economic performance, with some dollar shocks tossed in as spice.
Stagflation is an economic state where too many people can't get a good job, and the currency you have accumulated (savings) erodes in value. We have one leg in this grave already - people have instinctively avoided saving because the real rate of inflation has been higher than the CPI (it was jiggered to be dishonest back in Reagan's day).
With sustained stagflation, you are reduced to extreme poverty unless you have some essential skill or talent you can exploit to buck the trend. If it gets real bad, then the untaxable underground swap economy, where goods and services are exchanged without reference to dollars, will become so large that state and local governments will find it challenging to operate at all.
And that's the point at which we will find soldiers and National Guardsmen taking the field in our own country against our own citizens, because when civilian government breaks down, you get orgies of looting and destruction. We humans are funny that way.
I say, seize the underwater banks. Establish honest inflation indices. End all the stupid foreign adventures. Establish fiscal discipline in the budget. Invest in infrastructure. Stop exporting jobs and letting rich people off the hook when it comes to taxes. Bring the Fed back under direct control of the Administration, where there is political accountability for it. Simplify the tax code, it's ridiculous and a drag on economic development. Charge headlong into the green economy; there are a lot of jobs that we can generate with that, and if we become a world leader in the field, we can boost our exports significantly.
Bust up monopolies and oligopolies, too. They aren't helping. If it's too big to fail, it's too damn big. I happen to think competition is a good thing. When the competition in an industry is lost to consolidations, it just drags the rest of the economy downward.
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» RE: Dust off Marx? Really?
Posted by: shinseiji
» You're exactly right. No matter what's been done in the name of Marxism, it still offers a
Posted by: and_abottleofrum
» RE: Dust off Marx? Really? Yeah, really.
Posted by: DaBear
» Karl Marx was deluded MoonBat Quack that died in Poverty
Posted by: PointMan
» RE: Dust off Marx? Really?
Posted by: JSquercia
Comments are closed-
Posted by: megpie71 on Feb 17, 2009 4:29 AM
Current rating: 5 [1 = poor; 5 = excellent]
We're a peaceful nation. We don't have a history of rioting in the streets on a regular basis, or burning down the buildings. Instead, we're battening down the hatches and bracing for the oncoming storm in a variety of ways. It's not likely that our politicians will attempt to "resolve" the whole issue by raising levels of hatred toward others, and trying to embroil us in a war (or at least I sincerely hope not). But I swear: if there were an easy way to take out the majority of the US bank and financial institution CEOs, I'd be lining up to give it a go.
This crisis hasn't stopped at your borders. The big ones never do. It's affecting the whole world, and if your country attempts to dodge the responsibility for what's happened, I'd say there's going to be more than one nation willing to declare you persona non grata.
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» My apologies. Now...
Posted by: freelyb
Comments are closed-
Posted by: Anthhh on Feb 17, 2009 4:46 AM
Current rating: 5 [1 = poor; 5 = excellent]
Who except for war criminals wants to associate with war criminals?
REMINDER:
War criminals never stop on their own!!!
The same group are STILL running the same affairs from behind the stage .
Obama is just a news anchorman..watch his face nothing is there that wasnt on the face of Tony Snow and the rest of the cast. We should not see him as otherwise.
When he CONSIDERS investigating and indicting many many people then that is when we should CONSIDER that he is not a NEWS ANCHORMAN.
When the hoarde of war criminals and traitors are frog marched to their severest sentencing, we can then safely say that Obama is a real President and America is a real democracy.
________________________
___________________________
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Posted by: LOVELYT. on Feb 17, 2009 4:55 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
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Posted by: kafka, f on Feb 17, 2009 4:56 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
Hamersley testified to the Senate in 2003 that tax fraud involves devising transactions which allow for tax losses and “hiding the true facts from the IRS”. The transcripts are available for all to see. Hamersley also restated the same in his lawsuit against KPMG in 2003 (which is a public document).
As one example of Hamersley’s fraud, Hamersley while at KPMG gave advice to a client that tens of millions of tax losses could obtain with a 20% to 30% of success upon IRS audit if the IRS discovered the true facts of the transaction. Presumably, if the IRS did not discover the true facts of the transaction, a higher chance of success upon audit by the IRS would obtain. Hamersley was advising on a series of preplanned asset and stock transfers which involved separating assets from liabilities inside a company, transferring the assets to a foreign company and selling the stock of yet another company to the client’s lawyer for a dollar, all to achieve tens of millions in tax losses and defraud the creditors of the company from which the assets were being stripped. Hamersley’s participation in all these crimes is confirmed in an email by him dated May 24, 2000 prepared by him while working as a tax expert at KPMG.
Hamersley also further participated in hiding the true facts of the transaction from the IRS and the creditors by reviewing and approving documents prepared in June of 2000 which gave effect to the transaction back to 19999 (which based on Hamersley’s definition of tax evasion, is a classic case of backdating a fraudulent tax shelter).
In fact, the transaction approved by Hamersley is very similar to the one he claimed in his lawsuit against KPMG involving XYZ corporation (which we all now know was Occidental Petroleum) as tax fraud.
This of course creates an interesting conundrum for Hamersley, as it is likely he will claim his tax shelters were not fraudulent (not with standing his email which describes the possibility and chances of success upon IRS audit if the IRS discovers the true facts), however, if that is so, then his description of tax fraud to the Senate, other government officials, taxpayers whom he now confiscates income from and all the people he gave speeches to and articles he wrote for are being lied to. In which case, Hamersley is guilty of lying to the Senate and other government officials, perjury; outright theft of income from those taxpayer’s whom he is now confiscating income; theft of honest services from the FTB and those who he gave speeches to or wrote articles for on tax fraud; and most incredibly, conspiracy to defraud creditors by participating in a convoluted scheme to separate valuable assets from liabilities for profit at the creditors expense.
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Posted by: beachcomberT on Feb 17, 2009 4:58 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» "hostile groups within this country..."
Posted by: adp3d
» Fast track citizenship
Posted by: topbrick
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Posted by: overthrow on Feb 17, 2009 5:20 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: Banking is dead.
Posted by: Dboy
» RE: Banking is dead.
Posted by: overthrow
Comments are closed-
Posted by: jstuv on Feb 17, 2009 5:22 AM
Current rating: 5 [1 = poor; 5 = excellent]
COMMUNISM: If everyone was compensated equally …and there is a grantee of employment, why would anyone work or innovate? COMMUNISM imploded.
FASCISM: If all dissenters were killed and all their possessions confiscated, how would the society continue? They would have to steal from and kill their own …which is what happened in 1944, 1945.
The TALIBAN: If Art and Entertainment were not permitted and all women subjugated; all dissenters killed, how would the society replenish itself?
They would die out eventually.
REPUBLICANISM: In order to maximize profit, all labor would be so minimally compensated that workers would be slaves. All wealth would be inherited. There would be no need for elections as the outcome was already determined.
Is that the society you would want?
DEMOCRATIC SOCIALISM: If all wealth and services were equally shared, but citizens have a say in their entire social and governmental structure, would there be a need to steal or for war profiteering?
You figure it out.
Totalitarian Government
What is the first item on the agenda for any totalitarian government?
…To Dismember Trade Unions and Organizations.
Is the American Society interested in a totalitarian government?
Ya betcha!
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» RE: understand political philosophy
Posted by: laoma
» RE: understand political philosophy
Posted by: DaBear
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Posted by: QuestionAuthority on Feb 17, 2009 5:25 AM
Current rating: 4 [1 = poor; 5 = excellent]
When does WW III start?
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» RE: Well, there's one thing we can do...
Posted by: weathered
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Posted by: we_need_Abe on Feb 17, 2009 5:38 AM
Current rating: 5 [1 = poor; 5 = excellent]
A key statement raised in the article was:
"Under the most extreme circumstances, this might include use of military force against hostile groups inside the United States."
I wonder what and who will define "hostile"? Will a home gardener or an amish farmer trying to sell/trade fresh milk be hostile? Not to the masses they won't but to the large commerical growers and dairys they might.
What we need right now is transparency, calmness and working together. Fight against too much government control, greed, and secretiveness. If I wasn't so worried about the future I'd actually be fascinated by what is going to happen.
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» RE: Hallelujah, spread this word!
Posted by: Dboy
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Posted by: bccmeteorites on Feb 17, 2009 5:40 AM
Current rating: 5 [1 = poor; 5 = excellent]
http://www.bccmeteorites.com/misconduct-planetary.html
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» RE: Intellectual Elites at Universities
Posted by: sunnywater
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Posted by: Purple Girl on Feb 17, 2009 6:03 AM
Current rating: 5 [1 = poor; 5 = excellent]
How many decades have Repugs and corps spewed 'Americanism' and "Patriotic" double Speak?
Which 'Terrorists' were Beneficiaries of both Repugs and Corps esp during the '80's?
Being only capable of claiming poilitcal consciousness for about the last 30 yrs- I serious consider the Repugs and the Corps to be two most treasonous groups that have been operating within our borders for that time.
We already know about McCain's aid & Comfort to Bin laden, The Oil corps (Cheney) assistance in spawning and rearing Bin laden and his fellow Saudi native Sons.Ronny's admin supplying Anthrax to Saddam. so why should we be surprised that Berneke, Paulson and the rest of Wall Street are not involved in this internal seige upon the US.
Hasn't a US Economic Catastrophe been a goal of these foreign Terrorist the entire time- hasn't that been their biggest bitch about US? Our wealth and influence not being used to address the suffering of those our Corps & Gov't used to build up their 'Reserves'.
seem sto me it doesn't take a mental Giant to connect the dots, esp when the hopes and dreams of those who hate US have come to pass.
How could some distant Rag tag group bring down America- Infect it from the inside and wait for it to implode.
Why would this be a goal? Because Misery not only Loves company, but creates desperation. What is the most expensive 'commodity' Corps are required to purchase- labor. and Which Party has been working (and confessing) to undermine- Organized labor.Deplete available jobs, hike up prices, and destroy all savings. How do you drive down Prices, Wall Street? flood the market.
If bin Laden et al wanted Americans to feel the pain of other 3rd world nations, who better to enlist than those in Political office who control legislation and those who Control the distribution of wealth and resources?
They have been attacking US for at least the last 30 yrs- their 'Trojan Horse' was 9/11- The event which created a euphoic feeling of Unity, when in fact it was nothing more than a Red herring- A Distraction.While We slept under the veil of 'patriotism' they were laying waste to the Very Foundation of our 'Village'.
Some Repug Dumbass even admitted to resorting to 'Insurgent'/ 'Taliban' tactics to undermine any attempts at recovery- Freudian Slip- Most Definitely!
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» Again, 'show me who you walk with
Posted by: weathered
» RE: Again, 'show me who you walk with
Posted by: tony_opmoc
» RE: Again, 'show me what your focus is and I will show you the limits of your thinking
Posted by: using
Comments are closed-
Posted by: ProgressiveManiac on Feb 17, 2009 6:19 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
By now they would have launched yet another costly and devastating war, this time no doubt on the Cayman Islands.
Bush would take a break from clearing brush to tell us that's where the bad guys are. Sadly half of us would believe him.
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Posted by: otto on Feb 17, 2009 7:21 AM
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Posted by: waterflaws on Feb 17, 2009 7:33 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
"Unemployment ... is close to 14 percent." THAT doesn't take into account the millions "unemployed" Americans in prison, nor the statistical effect of "workers" in the military who are always at (or near)100% employment.
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Posted by: solrev on Feb 17, 2009 7:35 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» ISMs: like fascism, racism, ageism, NATIONALISM
Posted by: BlueBerry PickN
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Posted by: monkeywrench on Feb 17, 2009 8:04 AM
Current rating: 5 [1 = poor; 5 = excellent]
* * * *
By some estimates, $14 trillion is roughly 25% of the entire yearly economic product of all of Planet Earth! There are also tens – or hundreds – of trillions of dollars in those voo-doo "investment instruments," derivatives, that have gone sour. What happens when the bill comes due on all of that virtual funny-money as well?
Capitalism is screwed. No wait ... WE'RE screwed; capitalism is dead. Or should be.
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Posted by: littlepitcher on Feb 17, 2009 8:04 AM
Current rating: 5 [1 = poor; 5 = excellent]
Women continue to be oppressed because we haven't taken the same approach since the suffrage riots of the WWI era.
I totally hate the idea, but it's the only thing the Wall Street White Liars and their hangarounds respect and fear.
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» I totally disagree
Posted by: Battle4Seattle
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Posted by: SeattlePackedSnowandCollidedCars on Feb 17, 2009 8:09 AM
Current rating: 3 [1 = poor; 5 = excellent]
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Posted by: PaulK on Feb 17, 2009 8:16 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
The military paper quoted here reflects the same ideology. Military men assume that if people in other countries either riot or take up arms because of poverty, Americans will too. Left unsaid these days is a reactionary hangover belief that a human being's skin color always affects critical thinking.
What actually happens is that citizens in countries with a strong democratic system work first through the election system, then second through nonviolent protests, to implement change. In countries that the U.S. occupies, the citizens don't have some options. For example, if I throw my shoe at my state's governor I might pay a fine, but I won't disappear.
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» If you threw your shoe at a state governor, you'd probably do some prison time
Posted by: and_abottleofrum
» Well, how about a cream pie in the face?
Posted by: PaulK
Comments are closed-
Posted by: TarryFaster on Feb 17, 2009 8:23 AM
Current rating: 4 [1 = poor; 5 = excellent]
And if you didn't elect to "click," here is their ongoing, long-term agenda:
1. Use violence and terrorism rather than academic discussions.
2. Preach “Liberalism” to usurp political power.
3. Initiate class warfare.
4. Politicians must be cunning and deceptive – any moral code leaves a politician vulnerable.
5. Dismantle “existing forces of order and regulation.” Reconstruct all existing institutions.”
6. Remain invisible until the very moment when it has gained such strength that no cunning or force can undermine it.
7. Use Mob Psychology to control the masses. “Without absolute despotism one cannot rule efficiently.”
8. Advocate the use of alcoholic liquors, drugs, moral corruption and all forms of vice, used systematically by “agenteurs” to corrupt the youth.
9. Seize properties by any means to secure submission and sovereignty.
10. Foment wars and control the peace conferences so that neither of the combatants gains territory placing them further in debt and therefore into our power.
11. Choose candidates for public office who will be “servile and obedient to our commands, so they may be readily used as pawns in our game.”
12. Use the Press for propaganda to control all outlets of public information, while remaining in the shadows, clear of blame.
13. Make the masses believe they had been the prey of criminals. Then restore order to appear as the saviors.
14. Create financial panics. Use hunger to control to subjugate the masses.
15. Infiltrate Freemasonry to take advantage of the Grand Orient Lodges to cloak the true nature of their work in philanthropy. Spread their atheistic-materialistic ideology amongst the “Goyim” (gentile).
16. When the hour strikes for our sovereign lord of the entire World to be crowned, their influence will banish everything that might stand in his way.
17. Use systematic deception, high-sounding phrases and popular slogans. “The opposite of what has been promised can always be done afterwards... That is of no consequence.”
18. A Reign of Terror is the most economical way to bring about speedy subjection.
19. Masquerade as political, financial and economic advisers to carry out our mandates with Diplomacy and without fear of exposing “the secret power behind national and international affairs.”
20. Ultimate world government is the goal. It will be necessary to establish huge monopolies, so even the largest fortunes of the “Goyim” will depend on us to such an extent that they will go to the bottom together with the credit of their governments on the day after the great political smash.”
21. Use economic warfare. Rob the “Goyim” of their landed properties and industries with a combination of high taxes and unfair competition.
22. “Make the ‘Goyim’ destroy each other so there will only be the proletariat left in the world, with a few millionaires devoted to our cause, and sufficient police and soldiers to protect our interest.”
23. Call it The New Order. Appoint a Dictator.
24. Fool, bemuse and corrupt the younger members of society by teaching them theories and principles we know to be false.
25 Twist national and international laws into a contradiction which first masks the law and afterwards hides it altogether. Substitute arbitration for law.
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» RE: Too much cryptic allusions to the Protocals of the Elders of Zion to me
Posted by: magoogle
» Your post belongs
Posted by: EncinoM
» RE: Your post belongs
Posted by: HANGTRAITORS
» soundoff
Posted by: soundoff
» RE: soundoff//Ditto-
Posted by: RR#1
» Obviously, none of you have read the link!
Posted by: TarryFaster
» what kind of psyop is this?
Posted by: realtruther
» TRUTH PERVERTED TO DIVERT ATTENTION FROM THAT WHICH NEEDS FIXING TO THAT WHICH SAFEGUARDS
Posted by: using
» RE: Un-regulated corporations are mostly made up of goyim so why blame da Jooooz?
Posted by: yellow
Comments are closed-
Posted by: thinkverybig on Feb 17, 2009 8:25 AM
Current rating: 5 [1 = poor; 5 = excellent]
At a time of crisis for the country, high unemployment, massive foreclosures, increased debt, etc., Republicans are not interested in doing what’s best for Americans but what’s best for the rich and them to regain power to keep this country off track. Let’s not forget that Bush and Republicans are the blame for wasting nearly a trillion dollars starting a war based on lies, illegal wire-tapping, torture, failing to regulate the banking industry which caused this financial crisis, outsourcing jobs overseas which prevented Americans from having jobs, no domestic policy at all and the list goes on. Now is not the time for partisanship but a time for us to unite as a country and yet the Republicans are not interested in helping average Americans but instead they continue with a pursuit of giving tax cuts to those who don’t even need them. Republicans are still out of touch with the average American and fail to see that the American people voted for change in this country. They still don’t get it! Well let’s remind them that we have not forgotten the mess that Bush and Republicans have put this country in and we will no longer allow their failed, old and divisive policies to divide us. Yet with this crisis, Republicans voted no on the stimulus bill that would be a first start in getting this economy back on track and they are boasting about voting no! Well the polls show that the American people want the stimulus and need the benefits of it. The states need the money to help with infrastructure and other states related needs and yet the Republicans voted no on the stimulus bill. It just shows how out of touch and disconnected they are from average Americans and it’s time that the American people say very loud and clear that the policies of Republicans are not what this country want or need at this critical time. They didn’t get it during the election and they don’t get it now!
Please join me in the crusade to vote all Republicans out of office!
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» RE: epubicans just don't get it!
Posted by: Hovey
» RE: epubicans just don't get it!
Posted by: solstice
Comments are closed-
Posted by: monkeywrench on Feb 17, 2009 8:37 AM
Current rating: 5 [1 = poor; 5 = excellent]
This is the ugly, destructive underbelly of our secular religion, laissez- faire capitalism. I'm no Bolshevik, but it should be obvious by now that any economic system that is structured to allow massive accumulation of wealth by a few pirates while impoverishing everybody else is a failure and must be replaced, not just spackled over with borrowed money.
The "Shock Doctrine" that Naomi Klein has written about has been used recently by the disgustingly rich and power-mad to take even more from the populace. But that sword can cut both ways: the shock can be so great that it causes the populace to take down the rich and powerful. We did it in 1776, the French in 1789. Although those two rebellions turned out well, I prefer that it not happen again; the results can be very ugly and the outcome uncertain. I feel, though, that if our national pressure cooker continues to boil, an explosion will be inevitable.
Thomas Jefferson once said, "I hold it, that a little rebellion, now and then, is a good thing, and as necessary in the political world as storms in the physical."
I only hope that we are strong enough to weather the coming storm.
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Posted by: wleming on Feb 17, 2009 8:45 AM
Current rating: 5 [1 = poor; 5 = excellent]
So turn off the corporate tv, and get out your book on alternative social/political systems...
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Posted by: BlueBerry PickN on Feb 17, 2009 8:50 AM
Current rating: 2 [1 = poor; 5 = excellent]
& you wonder if the Rest of the World might be irritated at an immature bully state called the USA?
gee, thanks for catching up...
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Posted by: monkeywrench on Feb 17, 2009 9:04 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
But ...
Boy, it's going to be a long time, maybe never, before the cultural establishment "gets it." On a television talk show this morning, there was a segment on baby boomers starting over in our sour economy. The segment's answer to their 401(k)'s being in the toilet, pensions evaporating and their jobs going bye-bye in an economy that has hit a wall? Make and sell more useless crap! Start a small business (presumably going deeper into debt to do it), find or invent more consumer junk everyone could do without if they had any brains, and then SELL, SELL, SELL!
They might as well have been told to use gasoline to put out a fire. Or to try to sell fire at $19.95, plus shipping and handling, to some unsuspecting rube.
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Posted by: yellow on Feb 17, 2009 9:14 AM
Current rating: 2 [1 = poor; 5 = excellent]
Trillions of dollars poured in, mostly because bonds represent savings and the US dollar is a major reserve currency in which most debt is denomenated. US bonds have always been deemed safe and thus attract billions in investment despite a relatively low rate of return. This is still the case despite the crisis. I return to this point.
As the housing bubble expanded, more and more MBS's were sold overseas. In mid-2006 a global stock market decline began to occur and by mid-2007 it began to affect US capital markets as the housing bubble began to burst. About this time foreign investors, who were assured of the soundness of the MBS's they held, began to unload them as well as the corporate stocks and bonds that were based on the general health of the US economy. Between Jan. and July 2007, the monthly net inflow of foreign capital into the stocks and bonds of US corporations averaged over $65 billion, over four times the net foreign capital flowing into US Treasuries. But from August 2007 to Oct. 2008, the average monthly net inflow from abroad to US stocks and bonds fell by more than 75% compared to the earlier period while the inflow to US Treasuries almost doubled!! By the last quarter of 2008, twice as much investment was flowing into Treasuries as into corporate stocks and bonds.
The reason was simple. Financial speculation ruined the US economy but not the market in government bonds or the dollar the strength of which our Asian trade partners needed to maintain in order to save their export markets and hence their economies. Capital flight did harm the dollar temporarily. But ultimately it only shifted foreign investment within the US economy instead of collapsing it altogether. We are, after all, too big to fail.
One final point, footloose capital markets allowed politicians and the state freedom of manuvre around the democratically elected representitives and the interests of society. They didn't have to rely on Congress for money; they just relied on ongoing foreign capital inflows. The Fed played this game. So did the Argentine Government and they got badly burned in 2002 when they defaulted on their bonds. In the US, the bursting of the housing bubble in 2007 took the whole economy down with it. It's time for regulation. It's also time for an earnest discussion about international capital controls, what they are, and how we can again use them to positive effect.
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» What the hell is Manuvre?
Posted by: dustdevil
» It's the French Spelling of Maneuver. Don't trash as Horseshit Political Ideas you can't understand!
Posted by: yellow
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Posted by: Dennis St. John on Feb 17, 2009 9:12 AM
Current rating: 5 [1 = poor; 5 = excellent]
Some of us have been anticipating the current state of affairs for decades. It really shouldn't have come as a surprise.
All we have to do to quiet threats of Al Qaeda is to leave the Middle East.
Then we need to find alternative energy to oil. That necessity is already upon us, but it will shake the economy to the core.
Imperialism and militarism are anachronistic. The great danger is that they will continue despite the harsh realities of the situation. We simply can't continue dominating the world through wars.
Zero Population Growth has had the answer to prosperity without unbridled growth for decades.
Bush dismissed the concerns of environmentalism as a fad. When oil, water, and food become increasingly scarce and pollution becomes increasingly dominant, environmentalism will come to the fore, but perhaps too late, lacking the resources to meet the new demands.
It should be perfectly obvious that the federal government is too inflexible to take a new tack. It will resort to population control at the expense of personal freedom. The four students shot dead on the Ohio college campus of Kent State testify to the extent to which the federal government will go to keep dissent under control.
If the government monetizes the debt, the American dollar will become less valuable than the paper it is printed on.
Learn to hunt, plant gardens, heat with wood, light your domain with candles, and learn to barter rather than buy.
Welcome to the 18th Century.
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Posted by: Archie1954 on Feb 17, 2009 9:30 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: The Blame Game
Posted by: DaBear
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Posted by: JDrozz on Feb 17, 2009 9:31 AM
Current rating: 1 [1 = poor; 5 = excellent]
Even though the “Bill” is over 1100 pages in length and the public was “given” only one day to review it, this “Stimulus” will nonetheless be passed into activation right here in CO. So, one day, when our grandchildren ask me “What was it like when America had money, gramma and grampa?” I can say:
“I was living in the city where this, as it should be called International Banker Takeover Plan was enacted, and watched as millions of mindless citizens did nothing as the United States’ national sovereignty was handed over to the internationalist bankers – the same bankers who created the financial and economic implosion of 2007-09 when the once mighty America was completely sold out and forever changed from a democratic republic to a global-fascist regime bankrolled by the Federal Reserve and tyrants of corporate industry and approved by a spineless Congress and Senate consisting of morally-corrupt politicians – but – hey - at least it was the first African-American President who signed over your health, prosperity and future little Timmy – we might have been dumb, but we weren’t racist!”
This “Stimulus” is going to destroy the USA. But at least we have a front row seat!! And if things get out of control – the good old boys at USNORTHCOMM in Colorado Springs will be there with the 20,000+ fresh-from-Iraq soldiers who are to be put on active duty within the US!! I wonder why so many active troops are now going to be coming home to patrol American streets? It is almost like the government is expecting something bad to happen… Everyone should Google the FEMA camps being built around the country. What are the plans here?
Time to wake up – America has been taken over in a silent economic coup and is now a mere shell of its Constitutional roots. In this total FRAUD we are being controlled by the world banking elite and prepared for future horrors. They are putting soldiers on our streets, taking our pensions and 401k’s and Obama is appointing the very criminals whom have been behind the scenes making all of this our current reality (look at Geithner and Rahm Emanuel for instance). This is not a mere ponzi scheme – this is outright THEFT. No oversight = something to hide.
We have been under Emergency Powers Act since 2001 and Obama will not be lifting it. He has obviously shied away from any actions that lead to the conviction of any Bush Admin officials for their murderous treason. He will not reverse the Presidential ‘Signing Statements’ of his predecessor. He will not remove the Patriot Act. He will not even look at ending the Iraq War until 24 months from now (while campaigning he said it would end in 6 months). More troops to Afghanistan = more death and money thrown away. He will continue Extraordinary Renditions. His Attorney General – Eric Holder, is a gun grabber and the latest legislation introduced (HR1 and HR45) state as much. The government has given out, as of the last report in DECEMBER over 8.5 TRILLION in US Taxpayer funds, that is before the Federal Reserve decided not to report such data anymore. This is Orwellian – simply put. This is not Change, this is exactly the same with a more slick PR packaging and “new/fresh” face to deliver the message of the economic ruin of our country on behalf of the internationalist banking class that is attempting to enact global governance and single world currency. The faster we all realize that the people that Obama has put around him will not allow Obama to make good on his multitude of campaign promises the better our chances of national and personal survival.
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Posted by: grkjr on Feb 17, 2009 9:33 AM
Current rating: 5 [1 = poor; 5 = excellent]
1. it was us who voted in obama and more of the same. beleiving the "talk" versus his "actions".."least if the two evils" a vote out of fear.
2 it is us who continued to support the stock market, demanding our 20% return and closed our eyes to layoffs and sending jobs overseas, bought energy stocks, all while crying foul.
3 it is us who shops at the chains that produce their goodies in sweat shops abroad and here.
4 it is us who continue to borrow to buy that next toy... until we have completely maxed out our credit
5 it is us who permitted congress to attack the constitution and the bill of rights, who let a little man in the white house go wild.. as we continue to vote back to congress those who perpetrated the crimes by either directly voting for the presidents program or who set on the sidelines.
6 the list goes on and on.. and crying about it while we continue the same political game just doesn't cut it. but hey we have "hope" and "yes we can"
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» RE: such victims... blame yourselves, rich kidz
Posted by: DaBear
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Posted by: Jennifer Bedingfield on Feb 17, 2009 9:36 AM
Current rating: 2 [1 = poor; 5 = excellent]
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» these progressive just like the dog and pony show
Posted by: SeattlePackedSnowandCollidedCars
» I wouldn't even bother calling them progressives or conservatives but Satan's minions !
Posted by: Jennifer Bedingfield
» Maybe if Obama would stop being a corporate/war shill, he wouldn't be getting flanked.
Posted by: maxpayne
» jimmy carter...
Posted by: undrgrndgirl
» my thing is...
Posted by: SeattlePackedSnowandCollidedCars
» you mean half ass...
Posted by: undrgrndgirl
» RE: Don't blame me. I voted for Nader thrice !
Posted by: Battle4Seattle
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Posted by: JDrozz on Feb 17, 2009 9:36 AM
Current rating: 4 [1 = poor; 5 = excellent]
We need to understand these words:
I believe that 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. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
Thomas Jefferson, (Attributed)
3rd president of US (1743 - 1826)
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Posted by: jimswanson on Feb 17, 2009 9:44 AM
Current rating: 4 [1 = poor; 5 = excellent]
“The Balkans?” Hey, isn’t that what Bush calls his male relatives?
On the serious side, many commentators, including myself, have said for years that Bush and the GOP were doing more damage to America than 1,000 bin Ladens and 1,000 al Qaedas.
Blair's report suggests we underestimated the damage.
You can find this and much more in "The Bush League of Nations: The Coalition of the Unwilling, the Bullied and the Bribed – the GOP’s War on Iraq and America," by James A. Swanson (2008, published by CreateSpace Publishing, 448 pages).
You can download the entire $25.95 book for FREE at www.bushleagueofnations.com.
I ask for nothing in return, except that you consider using my book to help restore and build America.
Jim Swanson, Los Altos, CA
“The Bush League of Nations”
www.bushleagueofnations.com [for FREE download of entire $25.95 book]
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Posted by: cbishopp on Feb 17, 2009 9:47 AM
Current rating: 5 [1 = poor; 5 = excellent]
People might have more respect for the law if they see that is is somewhat designed for their protection and not just for the benefit of the wealthy corporate elite.
So let's all watch the Madoff family be stripped of their wealth and that old bastard put in prison. Let's see CEO's who are presently getting bonuses, not just stripped of their bonus but of their property and position.
I have worked in many of these people's homes as a contractor and they are not starving. These people have multiple houses all over the world and have a team of staff that take care of their homes, raise their kids, cook their food, wash their clothes, and perform all the services that most of us can barely afford to do on our own. As millions of Americans are laid off I am taking care of homes whose owners are vacationing in Aspen!!!
Trust me there is plenty of money out there it's just that we don't have it. Obama will never penalize the same people who put him in office. He will give you a lot of lip service as your savings, benefits, and health care are reduced to rubble, though.
Thanks for the HOPE.
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Posted by: mnstra on Feb 17, 2009 10:34 AM
Current rating: 5 [1 = poor; 5 = excellent]
What can we do? I agree that 1000 Ben Ladens could not have done the damage to the US economy that the hand full of CEO corporate hacks thieves have done to us and world.!!!!!!!!!
If the major financial institutions were a country unto themselves, we would have to declare war on them and attack them ASAP
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Posted by: DaBear on Feb 17, 2009 10:53 AM
Current rating: 5 [1 = poor; 5 = excellent]
In plain English, something bureaucrats and the military seem incapable of employing, this translates into the imposition of martial law and a de facto government being run out of the Department of Defense. They are considering it. So should you.
Based on what lower class people fleeing Katrina experienced, how does a lower class person "prepare" or "consider" this potential future? Learn how to take a dive (like the Italian National side) when gun shots are fired? Learn how to play dead? Learn how to bow and scrape before a soldier, somebody's kid?
This makes no sense. Seems to me there is ZERO accountability for "electeds" any more. There is ZERO accountability for anyone in the owning class and their corporations. Dude, we already know it's a fuckin' free-for-all so how the hell do ya prepare for things to get worse?!
This whole damned culture needs a fuckin' enema.
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Posted by: mixers on Feb 17, 2009 11:08 AM
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Posted by: jwindsong on Feb 17, 2009 11:17 AM
Current rating: 1 [1 = poor; 5 = excellent]
RT
Online PRivacy when it COunts
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» Don't click on that link (IDENTITY THEFT!)
Posted by: GuitarBill
» FUCK YOU identity theft asshole... DEATH TO YOU WITH MY FISTS
Posted by: HANGTRAITORS
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Posted by: Johnism on Feb 17, 2009 11:30 AM
Current rating: 5 [1 = poor; 5 = excellent]
We won the war for our independence not because we had the superior military. We won the war because we knew how to fight the war on our turf. We also lost a war for the same reason. US soldier were not prepared to fight a war in a jungle like we attempted in Vietnam. Just like our soldiers now are not equipped to win a war in the mountains of Afghanistan.
Wars are no longer fought by lining up soldiers on both sides of a battlefield. Because of this, no war will ever truly be won against terrorists. Bin Laden recognized the cowboy, known as “W” would come after him in Afghanistan. He wanted this all along because he knew they had already defeated the Soviets there and would bog the U.S. down for a decade as well.
The U.S. can win a military battle easily. We can take out your army and weapon stockpile, and your government. But we cannot defeat enemies living amongst those we are trying to protect.
Bin Laden knew we would be sucked into a war we could not win but would continue to throw money at. So far over a trillion dollars spent.
On top of the money spent we also diverted time and attention away from our own country. We have let schools and info-structure crumble and wall street and the banking industry to run wild. We have soldiers away from their families for years at a time and then they are returning home with PTSD.
Fighting these continued wars is exactly what Bin Laden had in mind. He has brought the giant to its knees. Will we continue these actions that are disastrous to our country and continue our fall? Or will we rise up, stop these unjust wars and hang onto money our country desperately needs.
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» RE: Insanity knew what it was doing// 911 was a pretext
Posted by: RR#1
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Posted by: maxpayne on Feb 17, 2009 11:35 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: I used to be for reasonable gun control but now I'm for vigilante-ism.
Posted by: AngryWhiteFemale
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Posted by: Old Uncle Dave on Feb 17, 2009 11:58 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
Now they have even more.
This "crisis" was orchestrated by the bankers.
Intentionally.
Look who benefited and look who's paying.
Follow the money.
Build guillotines.
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Posted by: Sojourner on Feb 17, 2009 12:22 PM
Current rating: 1 [1 = poor; 5 = excellent]
Business as usual is still in charge, and that includes alarmist journalists like Hedges who will write whatever sells.
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Posted by: willymack on Feb 17, 2009 1:00 PM
Current rating: 5 [1 = poor; 5 = excellent]
1. We look up to crooks and liars as heros and demigods, even though their ONLY value is accumulation of wealth at ANY cost (to US, that is).
2. We STILL beg for sucrease and mercy from imaginary friends in the sky, even though the bloodstained history of those delusions is readily available for examination and consideration.
3. We continue, against all evidence to the contrary, to believe our elected officials are pure as the driven snow, when, in fact, most of them are on the take, and are evil, no-good cretins.
4. We STILL think a return to the "good old days" of heedless, wasteful, polluting way of life is just around the corner.
5.We STILL pretend the exploding world population has no adverse effect on the good of humanity.
We REALLY don't need these values, never did, and never will. It's time for new and more humane and realistic values.
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Posted by: frantic1971 on Feb 17, 2009 1:18 PM
Current rating: Not yet rated [1 = poor; 5 = excellent]
I am not Jewish but just a farmer from Nebraska. I grew-up in the sixties and was always presented such a positive image of the Israeli state (such as the movie Exodus). Here was a little country created against all odds and holding-out against a host of enemies by the courage of a people with a dream. Here were a people that had guts-iness and were the only truly progressive people in the mid-east.
Now on Alternet, every other article and every other poster attributes such Machiavellian purposes to Israel. I am dismayed and mystified that Progressives have such a "gang up-on" attitude on Israel.
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» RE: Anti-Israel sentiment in the first line
Posted by: blogfrog
» RE: Anti-Israel sentiment in the first line
Posted by: using
» RE: Anti-Israel sentiment in the first line
Posted by: WingedGryphon
» RE: Anti-Israel sentiment in the first line
Posted by: peacefullaim1
» RE: Anti-Israel sentiment in the first line
Posted by: Dboy
» After 1948, 600,000 Jews from Muslim Countries who were expelled to Israel from their former homes!!
Posted by: yellow
» RE: DISTROY ISREAL IS STILL THE GAZIAN MANTRA.....SO....SOME THINGS REMAIN THE SAME.
Posted by: using
» This is all about Al-Qaeda's Internet nasty disinformation campaign against Jews and Israel all over
Posted by: yellow
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Posted by: Jennifer Bedingfield on Feb 17, 2009 1:31 PM
Current rating: 2 [1 = poor; 5 = excellent]
READ IT AND WEEP !!
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» RE: KISSY FACE BHO APPROVES A SHARP INCREASE OF TROOPS TO AFGHANISTAN !!!!
Posted by: peacefullaim1
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Posted by: blogfrog on Feb 17, 2009 3:02 PM
Current rating: 5 [1 = poor; 5 = excellent]
President Eisenhower circa 1957
With the kinds of observations being made by military officials about US citizens speaking their minds...I'd say we're on the threshold of confrontation between our fundamental rights granted by law and what Eisenhower feared over a half century ago...
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Posted by: Mister_PsyOps on Feb 17, 2009 3:07 PM
Current rating: 5 [1 = poor; 5 = excellent]
This absurd line and its theme belongs in the dustbin of history.
CAPITALISM (noun)
an economic system based on the private ownership of the means of production and distribution of goods, characterized by a FREE COMPETITIVE market and motivation by profit
(Encarta® World English Dictionary ©)
FASCISM (noun)
any movement, tendency, or ideology that favors DICTATORIAL government, CENTRALIZED CONTROL of private enterprise, repression of all opposition, and extreme nationalism
Encarta® World English Dictionary ©
"Laissez-faire capitalism" may have existed in ancient time but whatever its faults "capitalism" that by definition requires real competition at commerce and basic human thought to operate DOES NOT EXIST in the west or anywhere else. “Capitalism” certainly did not exist during Marx’s lifetime when monopoly robber barons virtually owned the planet as they still do. (Groucho Marx had a better understanding of these issues than Karl Marx)
What has "destroyed itself" is the Illusion of "capitalism" and democracy. What is left is FASCISM which has been our true governing system since the private Ponzi trap "Federal Reserve" Corp (NOT federal with minus ZERO reserves) was palmed off to rig the economy for Organized Corporate Crime (i.e. FASCISM) oligarchy in 1913.
“Al-Qaeda” also never existed before it was trumped up in an FBI rigged Manhattan courtroom January of 2001 when a RICO case was brought against the fictitious CIA org behind the false-flag farce cooked on the west by what should more properly be called Al-CIAda funded out of the House of Saud and the U.S. through Pakistan’s ISI.
“The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the government of the U.S. ever since the days of Andrew Jackson. History depicts Andrew Jackson as the last truly honorable and incorruptible American president.”
President FDR (on de facto Fascist rule in a letter to corporate monopoly charlatan “Colonel” Edward M. House, co-founder of the Council on Foreign Relations and political fixer for the ruling class. House also handled President Wilson. 11/21/ l933 from the book "F.D.R.: His Personal Letters" - New York: Duell, Sloan and Pearce 1950)
“The minority, the ruling class at present, has the schools and press, usually the Church as well, under its thumb. This enables it to organize and sway the emotions of the masses, and make its tool of them.”
Doctor Albert Einstein (in a letter to Sigmund Freud 7/30/1932. 1879-1955)
“I believe that 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… the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered… The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of [private] lending institutions and moneyed incorporations.”
President Thomas Jefferson - 1743-1826
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» RE: Decoy PROPAGANDA for FASCISM
Posted by: lightwing1
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Posted by: JayHaden on Feb 17, 2009 4:22 PM
Current rating: 5 [1 = poor; 5 = excellent]
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Posted by: abusedbypenguins on Feb 17, 2009 7:11 PM
Current rating: Not yet rated [1 = poor; 5 = excellent]
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» RE: abusedbypenguins
Posted by: Dboy
» RE: abusedbypenguins
Posted by: WingedGryphon
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Posted by: KAB on Feb 17, 2009 7:33 PM
Current rating: Not yet rated [1 = poor; 5 = excellent]
Regan & Bush are a bigger threat to the nation than Osama ever was.
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» RE: kb
Posted by: yesman
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Posted by: RR#1 on Feb 17, 2009 7:47 PM
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Posted by: ThinkLife on Feb 17, 2009 9:23 PM
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Friends and family thought I was extreme for publishing such views 2 years ago on
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» RE: Said it for years: Christian Corporate Terrorists are worse than Islamic terrorists
Posted by: Dboy
» Christians?
Posted by: Battle4Seattle
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Posted by: ThinkLife on Feb 17, 2009 9:40 PM
Current rating: Not yet rated [1 = poor; 5 = excellent]
Now they wonder how such supposedly nice, rich, right-minded Christian people could let the financial melt-down happen!
Answer: They did it because they could. They profited relentlessly, destroying years of consumer protections and rights along the way, and we now have the result. And Democrats are not exempt from responsibility--though Bush-appointed Republicans and associates have been involved in most of the scandals (See http://www.scandalist.info/ and "The scandal sheet" at http://dir.salon.com).
Any time someone takes such a polarized viewpoint as those Christian Corporate Terrorists and acts on it as if in fear for his life--all the while couched in a plush mansion with a $1 million + salary--the cuckoo clock is sounding off on society!
Hello, it's a canary in a coalmine! These rich, mentally unbalanced extremists have taken our society, handed more and more of it to themselves--who don't know any better than anybody else how to manage it--and almost single-handedly sown the seeds of revolution.
Why aren't we marching in the streets in Washington for the mortgage crisis? Let's start by imprisoning Countrywide's Angelo Mozilo, who walked off with over $100 million after leading the largest mortgage servicer down the path of fraud, corruption and bankruptcy.
Mozilo (http://en.wikipedia.org/wiki/Angelo_Mozilo) should be personally bailing out hundreds of consumers of his loans with those millions.
Insanity rules the rich, the conservative, the Reaganites. They never did make sense, the Southern yahoos elected them to try and coop up abortion rights activists and people who just want to live in a sustainable world--and now we have the economic melt-down!
Thank you Bush! Thank you Cheney! Thank you Regan, George H. W. Bush, Nixon, Limbaugh, Hannity and Gonzales! You've led our nation down the toilet while making millions off the backs of those who work for sub-par wages.
Call your Senators, Congressmen, editors and yank the idiots out of office.
Pass laws to fine, tax and imprison them for the kind of income redistribution that has put 40-50% of the nation's wealth into the hands of less than 1% of its population! While poor homeless kids suffer, eat dirt on sidewalks and fight each other for food and the dubious honor of gang membership.
Maybe those gangs supply the only prestige (and much needed cash) they've ever known. Values and goods that don't exist in the ghetto, because it's been stripped bare by the Conservative Christian Wrong.
We worry about gangs, and well we should--but what about the fraudulent gang members in the corporate world? Let's gang up on them!
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Posted by: akbirdwm on Feb 17, 2009 9:57 PM
Current rating: 5 [1 = poor; 5 = excellent]
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Posted by: induru on Feb 17, 2009 10:20 PM
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» I would ask if you're serious,
Posted by: Battle4Seattle
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Posted by: yesman on Feb 17, 2009 10:43 PM
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» RE: very word . . .
Posted by: using
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Posted by: robnitro on Feb 18, 2009 2:06 PM
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Free Market Capitalism Morally and Financially Bankrupt
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Posted by: Battle4Seattle on Feb 19, 2009 2:22 AM
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That's the real threat. Many of its words threaten established religion and other countries' traditional mores. Our founders were brave people who dared to tread on some sacred ground when they established this text. We stole this land from a great people, the Native Americans; our founders caught a little of that Great Spirit, imho, when they wrote our founding documents.
Don't let a couple terrorists, whether here or overseas shred our dream.
If all else fails, the meek will inherit the Earth because the meek (plants & animals & perhaps some enlightened humans) don't give a rat's behind what happens to our economy, so hang on!
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Posted by: mexobserver on Feb 22, 2009 11:14 AM
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