Another Economic 'Martial Law in the Streets' Moment Approaches

Eric Blair
Activist Post

In the fall of 2008, during the lead up to the TARP bailout of the financial industry, Treasury Secretary Henry Paulson warned members of Congress that there will be Martial Law in America should they fail to pass the multi-trillion dollar looting of the taxpayer.

Well, despite the American public being overwhelmingly against the bailout, the blackmail worked and the banks got their money. If it worked once, why not try it again?

With the economy no better off for having borrowed trillions to "stabilize" criminal financial institutions, the national debt ceiling is rapidly approaching.  As some Republicans begin to float the notion of blocking this extension of credit, the Treasury Department, Democrats in Congress, and Ben Bernanke issued apocalyptic warnings clearly showing how pathetically fragile the U.S. economy is.

These threats, reminiscent of Paulson's 2008 ransom demands, once again appear to be offering two black-and-white choices: Armageddon or more debt.  The coordinated pitch for higher debt levels is echoing the same urgency as the TARP looting, as Treasury Secretary Geithner said the government is insolvent and will run out of money in about two months' time unless Congress votes to raise the federal debt ceiling.


The AFP reported Thursday that Senate Democrats warned that the government would "shut down" if the debt ceiling was not raised.  Chuck Schumer (D-NY) explained what that would mean if a shutdown were to occur: "citizens couldn't get their checks, veterans couldn't get their benefits, military payments would stop."

Ben Bernanke doubled down on the debt-fear campaign in a rare press conference where he said, "Beyond a certain point . . . the United States would be forced into a position of defaulting on its debt. And the implications of that on our financial system, our fiscal policy and our economy would be catastrophic."

Fiscal conservatives who oppose raising the debt ceiling say it is just delaying necessary belt-tightening and massive spending cuts, and say that raising the debt ceiling further only forestalls needed austerity moves to avoid a more catastrophic collapse in the future. House Republicans presented a plan to cut $32 billion from the budget, which is laughable given the impossible-to-pay-off debt levels.

The U.S. national debt is approaching the ceiling of $14.29 trillion; unfunded liabilities like Social Security and Medicare are estimated to be around $100 trillion; and the total cost of stabilizing the financial industry is reportedly upwards of $23.7 trillion.  And these numbers say nothing of the fraudulent $600-trillion derivatives scam. No amount of tax increases, spending cuts, or economic growth will be sufficient to satisfy this equation.

The notion that America can somehow pull itself out of this mess if average citizens, who had no part in creating the national debt, would only "tighten their belts," seems preposterous.

None of the options are exactly attractive to the already over-burdened taxpayer. Indeed, the people are being given a lose-lose-lose scenario: 1) the status quo of slow economic demolition through raising the debt ceiling; 2) crippling austerity cuts and public asset looting; or, 3) catastrophic collapse.

Although the banks and their pocket-change politicians describe market conditions that would result in a collapse should the ceiling not be raised, it seems obvious that the only power capable of drastically changing economic conditions are the banks themselves.  Therefore, market conditions appear to be an increasingly insignificant part of a bigger illusion.

As if the sun would not rise if a piece of legislation was not passed, the gun-to-the-head urgency will likely result in raising the debt ceiling.  If the level of resistance comes close to the near unanimous public disgust over the TARP bill, you can bet we'll hear new warnings of "martial law in the streets" in order to keep the illusion in tact.  If for some reason collapse is unavoidable, the U.S. military is actively war gaming "large scale economic breakdown" and "civil unrest" should they choose otherwise.

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CBS Allows Fed to Spread Disinformation Unchallenged

Greg Hunter 
USA Watchdog

It appears the CBS TV show 60 Minutes is the Federal Reserve’s go-to place to get its message out to the country.  Fed Chief Ben Bernanke, basically, told America last night that the trillions he pumped out into the world economy, because of the 2008 financial meltdown, was necessary to save us all from a depression.  Ben also reassured America and the world Quantitative Easing (QE), or printing vast amount of dollars, will not have an inflationary downside.  He told 60 Minutes reporter Scott Pelley he is “100%”sure inflation will remain under control and will not soar higher.  In my opinion, what Mr. Bernanke said could not be further from the truth.  Most of the world’s financial leaders from places like China, Russia, Germany and Brazil all think what the Fed is doing is a very bad idea.


Anyone who finds Mr. Bernanke’s inflation prediction comforting should look at his past forecasts.  The Fed Chief has been wrong on almost every major prophecy he’s given since he’s been in office.  Just 4 years ago, Ben Bernanke predicted “a leveling out or a modest softening” in residential real estate prices and that homeowners were in“reasonably good”financial shape.  Three years ago, Mr. Bernanke said the sub-prime mortgage crisis “seems likely to be contained.”  Since then, we’ve had record foreclosures in the millions per year, and in some markets, home values have been cut in half!

Bernanke admitted last night he did not see the financial meltdown coming.  How could he say anything else?  Pelley did ask Bernanke, “How did the Fed miss the looming financial crisis?”  Bernanke responded, “There were large portions of the financial system that were not adequately covered by the regulatory oversight.”  It was the Federal Reserve that said repeatedly Over-The-Counter derivatives did not have to be regulated.  Derivatives are exotic and sometimes toxic “debt bets” with little or no regulation, standards or guarantees.   Soured OTC derivatives were largely responsible for the meltdown of 2008.  If there were large portions of the economy that “were not adequately covered by the regulatory oversight,” it was the Fed who lobbied against regulating these “debt bets.”  So, the Federal Reserve’s lack of regulation over a market, that is hundreds of trillions of dollars in size, is the cause of the meltdown of 2008.  60 Minutes did not bring up this important point.

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The Fed's 'pact with the devil' now the only stimulus game in town

Dees Illustration

Tom Raum
Associated Press

WASHINGTON — Any more stimulus spending by President Barack Obama and Congress is dead, after this week's election blowout by the Republicans. Yet, Federal Reserve Chairman Ben Bernanke's "Hail Mary" pass to pump $600 billion into the banking system is really stimulus spending under another name.

The Fed won't be spending taxpayer money or borrowing from China. It will be doing the electronic equivalent of creating dollars out of thin air. The central bank will then use the new money to buy longer-term government bonds. The Fed's plan will initially increase the supply of dollars held by banks, hopefully spurring more lending.

If all goes according to Bernanke's script, the bond purchases – $75 billion a month for eight months – should force down yields, taking with them interest rates for homeowners, consumers and businesses. It should also help make U.S. goods more competitive overseas and keep alive a stock market rally that began in August.


All of that should boost economic growth, help the ailing housing market and encourage more hiring.

It may not work. And there are risks.

Printing so much new money could lead to runaway inflation down the road. Lower interest rates could also produce speculative bubbles in the price of oil and other commodities and in risky high-yield investments. It could also take pressure off the White House and Congress to confront the long-term deficit crisis.

Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City, calls it "a pact with the devil." He was the only dissenter in the Fed policy committee's 10-1 vote for the Fed effort, also known as quantitative easing.

The bold move – carefully choreographed since last summer – came as the central bank was starting to run out of arrows in its quiver. Its main weapon for revving up or slowing down the economy is adjusting short-term interest rates. But, given the magnitude of the downturn, the Fed has held those rates at near zero since December 2008.

Fed leaders figure the $600 billion bond-buying program will provide a modest boost to the economy over the next year, but they acknowledge that the jobless rate, now at 9.6 percent with nearly 15 million unemployed, will stay high. And it could even rise in the next few months.

It is the Fed's second experiment with buying bonds on the open market. From December 2008 to this past March, it bought $1.7 million in Treasurys and mortgage-backed securities. But since then, the recovery has faltered.

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UN Tricks and Treaties

Cassandra Anderson
MorphCity

The United Nations has ensnared the world in voluntary treaties intended to become mandatory later, tricking politicians and the public. The treaties may be vague and open to interpretation over time, using a tactic known as ‘incrementalism’. These treaties affect many branches of government. The treaties are designed to deindustrialize and economically break nations, restrict energy resources (especially for electricity and transportation) and implement taxation schemes based on manipulated science from the UN (the EPA has authority to implement Cap-and-Trade).

EVIL DECEPTIONS

Agenda 21 Sustainable Development was introduced at the 1992 Earth Summit; it is not a treaty but uses treaties as a tool to implement its action plan for depopulation and total control. Michael Shaw has described Agenda 21 as the head of a monster whose tentacles have infiltrated all levels of government, affecting almost all areas of life, and he says that if you take out the head of the monster (Agenda 21), its tentacles will wither.

The UN avoids using the word ‘treaty’. Most people understand that treaties erode national sovereignty and power. Voluntary treaties can be used to slide a foot in the door in order to trample sovereignty later through mandatory regulations.

Conventions, Protocols, Agreements, Covenants and Accords take the form of a treaty, which may be binding international legal instruments or may become binding later when negotiations are completed.

An Initiative is a type of referendum in which a proposal is placed on the ballot by way of petition.

A Declaration does not have any legal power to enforce compliance but relies on the moral weight it carries.

UNFCCC: UN Framework Convention on Climate Change is a voluntary treaty ratified by the US in 1992 following the Earth Summit; no limits were set for greenhouse gas (GHG) emissions, but the treaty provided for updates (protocols) to set mandatory limits.

The Kyoto Protocol is an amendment to the UNFCCC which is legally binding but the US never ratified this treaty. The Kyoto Protocol expires in 2012, hence the push to ratify it, or a similar treaty like the Copenhagen Accord.

SCARY POLITICAL POLICIES

According to Richard Courtney’s article (May 1999) the real danger of global warming is the extreme response that politicians have had to imaginary global warming. Courtney says that the theory of global warming was developed during the Industrial Revolution in the 1880’s, but remained relatively obscure until 1979 when Margaret Thatcher became the Prime Minister of the United Kingdom.

Courtney’s article explains that Thatcher desired respect and followed the advice of Sir Crispin Tickell, depopulation advocate and UK ambassador to the UN. He pointed out that she could gain international credibility if she promoted the global warming (GW) deception because most politicians are scientifically illiterate (Thatcher holds an undergraduate degree in chemistry). The benefits to the Thatcher Administration GW policies were:

* GW fear was used to weaken US power- if all other countries enacted carbon taxes and industrial reductions they could pressure and gain benefit over the US.

* Thatcher belonged to the Conservative Party that held a grudge against the National Union of Mineworkers who were blamed for the Party’s prior defeats, so GW provided an excuse shut down many coal mines and eliminate the miners’ political power.

* Nuclear energy emits no carbon dioxide (CO2), and many coal plants were replaced with nuclear power plants. Nuclear power, which presents its own risks, was 4 times as expensive as coal-fired electricity.

* The new nuclear power plants were necessary to produce nuclear weapons.

Thatcher established the Hadley Centre for Climate Prediction and Research, the operating agency for the UN IPCC (Intergovernmental Panel on Climate Change). Hadley is located at East Anglia University, the focal point of the ‘Climategate’ scandal.

RETURN OF THE GLOBAL WARMING ZOMBIE

EPA

UN global warming policies refuse to die because the EPA enforces them and endorses UN IPCC “science”. The EPA created the first Cap-and-Trade scheme for acid rain by expanding the Clean Air Act in 1990 that generates billions a year in taxes for a problem that is not serious and this is the model for carbon taxation.

The EPA, through the Clean Air Act and a broad Supreme Court case ruling in 2007, has authority over air pollution that endangers public health. In 2009 the EPA came out with the CO2 ‘endangerment finding’ that determined CO2 threatens public health! Therefore, the EPA appears to have the authority to regulate harmless CO2 and other minor greenhouse gas emissions (Texas is suing the EPA). The EPA has an 18,000 page document with new regulations that includes a Cap-and-Trade scheme, which is the back-up plan because the national bills for Cap-and-Trade failed.

The EPA and other federal agencies have received money from the taxpayer funded $787 billion Recovery Act stimulus program to pursue useless green policies. Over $7 billion dollars has been allocated to the EPA directly; the total amount for all agencies pursuing restrictions on electricty and transportation, in the name of the environment, is not known.

DOE

The Department of Energy (DOE) has received over $30 billion from the Recovery Act stimulus program. The DOE is spending this money on perpetuating bad UN policies that include:

Energy Efficiency- this paves the way for licensing your home for energy efficiency (HR 2454).

Modernizing the Electric Grid- this program institutes the “Smart Grid” program that monitors your energy usage: how much is used, when it is used, and it can even track some appliances. Some people fear that the government will use the grid to remotely control personal energy usage. Here’s a map of the DOE’s consolidation of federal grids across America:

Carbon Capture and Storage- this program is a giant waste of money because carbon is harmless and even if there was 500% more carbon dioxide in the environment, it would be a benefit for agriculture and would not harm the atmosphere or animals and humans.

Transportation: Obama is proud of this program and boasted about creating jobs at a battery plant in Michigan, but $548 million was spent to create 309 jobs (that’s $1.4 million per job).

Renewable Energy: this program focuses on biofuels, wind and solar power. Biofuel crops have cut down on food production. Wind and solar are inefficient. Of course, industrial hemp, a plant that is a source of fuel, food, paper and plastic replacement, is not mentioned, nor will it receive any funding because it threatens too many monopolies and is illegal to grow.

ECONOMIC VAMPIRES

The centralization of power designed to depopulate and control people is funded by the people. The policies are dreamed up in think tanks affiliated with the UN, like the Club of Rome, famous for this quote:

“In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill….All these dangers are caused by human intervention, and it is only through changed attitudes and behavior that they can be overcome. The real enemy then, is humanity itself.”

The policies are then supported by UN “science” that has proven to be manipulated, if not outright fraudulent. Based on inaccurate UN science, nations fund these programs and implement the policies. The taxpayers fund the governments, so We The People are actually paying for our own demise!

NGOs (Non Governmental Organizations) are deeply rooted in promoting propaganda to implement these programs and over 2400 NGO representatives went to the 1992 Earth Summit, and over 17,000 attended the parallel forum.

Here is a list of foundations that fund global warming propaganda and programs:

Deindustrialization through limiting electricity and transportation is a primary goal of Agenda 21 and the people are funding it. Therefore, the people and a true free market should decide the course of the future. Fossil fuels pollute, but severely reducing them would set us back to a pre-industrial existence. Nuclear power has serious risks. Renewable energy will not sustain an industrialized society.

AWAKENING FROM THE NIGHTMARE

Darkness is destroyed by light. Exposure of Agenda 21’s dark intentions is the first critical step. Action is essential. The most effective way to get rid of Agenda 21 is to educate your hometown local government officials (both city and county) that have far more power than most people realize.

Click here to download information from FreedomAdvocates.org to give to your local officials:

Primer about Agenda 21 in local governments

Model legislation to remove Agenda 21 from your city

We have a tremendous opportunity to replace 37 Governors on November 2nd and to restore State sovereignty and action that can be taken on the state level. Please read “STATES OF EMERGENCY” at MorphCity.com (publish date 10/21/2010).

http://www.morphcity.com/home/86-un-tricks-and-treaties

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General Electric (Parent Of Pro-Obama MSNBC) Received $24.9 Million In Economic Stimulus Money

The Truth Wins

It turns out that a lot of pro-Obama organizations ended up receiving a lot of "economic stimulus" money.  For example, it is being reported that the Obama administration gave General Electric $24.9 million in grants under the stimulus law.  Keep in mind that General Electric was the corporate owner of NBC, MSNBC and CNBC during the 2008 election.  These various news outlets were absolutely shameless when it came to promoting Barack Obama during the 2008 election.  In fact, MSNBC was more radically pro-Obama than even CNN was (and that is saying a lot).  Apparently Barack Obama was quite grateful for all the help.  25 million dollars is one heck of a tremendous thank you gift.  General Electric was the primary recipient of 14 separate economic stimulus grants.  In addition, the recipients of four other economic stimulus grants hired GE as a contractor.  So is this the way that the game of politics is played in 2010?  Sadly, the truth is that this is how the game of politics has been played for decades in this country. 

It isn't as if GE isn't doing well.  According to Standard & Poor's, GE had $156 billion in revenue during 2009.  But we all knew that the "economic stimulus" money wasn't really about stimulating the economy, didn't we?

A big percentage of the economic stimulus money went for the pet projects of individual members of Congress and for "payback" to those who helped Obama and other Democrats get elected.

In fact, if you want to get a really good idea of just how much money was horribly wasted by the stimulus law, just check out this great article.

So we shouldn't be surprised that GE was handed 25 million dollars.  This is the way the world works now.

The truth is that MSNBC could be aptly renamed "The Obama News Network".  They are perhaps the most clearly partisan news channel that the U.S. has ever seen....

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Stimulus Inefficiency: Costs $1.4m per Green Job Created

Activist Post

Lithium Ion Car Battery

Surely everyone would love to see cleaner energy programs in the U.S., especially given the environmental catastrophe looming in the Gulf.  And certainly, the American economy desperately needs jobs.  But leave it to our broken government to spend the stimulus money as inefficiently as the TARP funds which did very little to create jobs.  In a recent Associate Press release the Obama administration defended criticism of the stimulus "economic recovery program" by touting the jobs created under the $2.4 billion "advanced battery" program:

Battery maker A123 Systems Inc. planned to open a new lithium ion battery plant Monday in Livonia, Mich. About 300 workers, many formerly laid-off auto workers, were to join Energy Secretary Steven Chu and Michigan lawmakers to promote their production of battery cells and components. The Watertown, Mass.-based company received $249 million under the stimulus program and plans to open a second facility next year in Romulus, Mich.

Automotive supplier Johnson Controls Inc. last week started shipping batteries that were made at a Holland, Mich., facility built with the help of $299 million in federal grants. The factory expects to employ 90 workers by late next year and could produce 75,000 to 150,000 batteries a year, depending on the mix of hybrid and electric vehicles it supplies.

So according to this release, only 390 jobs were created from the $548 million taxpayer investment, or about $1.4 million per job. At this rate, the full $2.4 billion allocated for the federal advanced battery program would create a whopping 1714 jobs. This is a far cry from the estimates sited in the article by Michigan Gov. Jennifer Granholm, D-Mich, who said "the federal battery program, along with state incentives, are projected to create 63,000 jobs in Michigan."

Of course any job creation is a good thing, but it is laughable for the administration to use this particular program to debunk criticism of the stimulus spending.  The $787B stimulus represents about $2625 for every man, women, and child in America, and about $7500 for every taxpayer.  It seems that the money would be better spent if returned directly to the citizens who can then go buy solar panels, or fuel efficient vehicles if they choose.

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