Financial Updates

8/9/2019 Financial Updates

1/22

Greece's Economic Troubles & More EconomicUpdates

The financial crisis in Greece is important to know about, because it can teach lessons on how weought to conduct our own finances. In many cases, the wealthy don't pay that much taxes, butthe rest of the citizenry do. Many of the protesters in Greece and the Tea Party movementreject an oligarchy shifting the tax burden unto labor. Other Tea Party members have lost somuch faith in government that they desire to ignore reforming the government. Reformingthe state can give the government the power to check predatory finance and wealth.A fairfiscal policy is needed in American instead of a regressive economic policy that benefits those whoare massively wealthy. Some of the Tea Party's lust to shrink government so much as to ruin theirinterests doesn't work either. The neo cons and the elite are using the Greek crisis to promote theborderline fascist policy of cutting social services, Medicare, Social Security, etc. This is theopposite of what the Greek demonstrators are demanding: to reverse the global tax shift off propertyand finance onto labor, and to give labors financial claims for retirement pensions priority (over theclaims by the banks to get fully paid on hundreds of billions of dollars of recklessly bad loans

recently reduced to junk status). The Greece bailouts is like TARP for German and otherEuropean bankers (among global speculators). So, almost $1 trillion is provided by thegovernments (like Germany) to be sent to Greek government to pay foreign bondholders. This isoccurring while reimbursements occur on Euro-governments, the IMF, and even the U.S. Treasury.So, the bondholders are being given money as an excuse to cut Greek public services,pensions, and other government spending. It's junk economics to believe that the economycan pay down their debt by using austerity measures and give bankers more bonuses. Lesspublic spending on social programs will leave more bailout money to pay the banks for theirexponentially rising bad debts that cannot possibly be paid in the end. It is inevitable that


2/22

loans and bonds will default in the usual convulsion of bankruptcy. Financial experts realize this.The good news is that many in Greek labor are fighting for their rights and liberty. The Baltic states

have used slashing public sector employment and wages causing their GDP to fall as well.

Latvia's austerity measures were opposed in December of 2008. The EU and the IMF austerity

measures have influenced Europe as well. At least Iceland and the Baltics have the option of

re-denominating loans in their own currency, writing down their foreign debts at will and

taxing property to recapture for the government the revenue that has been pledged toforeign bankers. Greece is submerged in the euro currency. In America, high finance have morecontrol over spending programs. The doctrine of the submission of the financial sector under theneeds of economic growth have caused massive economic growth from 1945 to the early 1970's.Bondholders and financial speculators have ganged up to demand EU, IMF and US support

for them to take their gains before the financial game crashes. Certainly any humanbeing should be given opportunities to get a job and the working class oughtto have their rights protected. If power today is redistributed in favor of therich in the majority of the time, power should be redistributed in the rightfashion to benefit all of the people. Many of the poor pay payroll incometaxes (among about of Americans) and local taxes. This refute the neo conlie that the poor dont pay enough taxes like the rich does (the rich pay thefederal income tax). Tax credits can even fight against tax liabilities fromacross the income bracket. One example is that if you owed $5,000 and youget a tax credit of $8,000, the tax liability is gone. You get $3,000 of surplusof money. When you take it all in, the tax system isnt as progressive as areactionary claims. Its a paradox for a reactionary to criticize thegovernment for making them pay too much taxes, but some of them believethat the poor pay too little taxes (So, their ilk wants the poor to accept aregressive tax system). I reject their stands. The tax code should bereformed, but not in a regressive way. Its not about having a fetish againstall government. Its about eliminating corruption in government to make it

work for the people.Some of the Tea Party people need to realize that a regressive tax shift isn't reforming thegovernment at all. The people should control the government in creating economic populismwithout austerity measures. We should not put the tax burden on labor (and industry). There is noright of giant corporations to dominate our government. The U.S. is spending billions of dollars inforeign wars. This policy isn't apart of fiscal responsibility and it's allowing Wall Street to do what itwants whenever it wants (with little form of regulation). Eliminating all regulations is wrong too.Some U.S. corporations are intent on continuing and even expanding foreign wars, low taxesfor the wealthy, and when needed, further bank/corporate bailouts. Less government does notnecessarily equate to better government at every circumstance. With critical thinking, tea partyzealots must recognize that it was not excessive government action that caused the GreatRecession. It was rather too little government action to stem the greedy actions among banks andother financial institutions. The core problem is not excessive government but the corruption ofgovernment by those in the corporate private sector and other special interests.

The central banks of the European Union are accused by deliberately controlling the Greek debtcrisis so they can consolidate their power. It's easy to see that the moves by the EU is to try theirbest to preserve the Euro currency. The EU was a brainchild of the Black Nobility bloodlines and theVatican in order to centralize power in Europe (even if its means that violation of the nationalsovereignties of European nations). The unprecedented 750bn EU bailout has been condemnedas not being utilized correctly. This criticism comes from people from across the political spectrumas again not being utilized correctly. Some in the Financial Times believe that key players believe


3/22

that the bailout is apart of an overall consolidation plan in Europe to cause a giant step toward afiscal union in the eurozone. Select central banks in control of numerous nations have been a goal

of elitists for a very long time. Right now, some want us Americans to bailoutGreece in their crisis. There is nothing wrong with legitimate assistance, butthe USA is suffering its economic troubles too. Getting money fromAmericans isn't the answer to this crisis. People realize that the GreatDepression was created by the giant Wall Street bubble of the 1920's(Andrew Mellon did bad policies too as the Treasury Secretary 13 yearsbefore the inuaguration of President Franklin Delano Roosevelt). This waswhen bank deposits came about on speculative gambling, which is whyGlass-Steagall was passed. This caused a run on American banks . Somebelieve that the 2nd leg of the depression was caused by European defaults. The 2nd leg of theGreat Depression was worse than the first. The second leg down was primarily initiated by thefailure of the Creditanstalt bank in Austria. Creditanstalt (also spelled Kreditanstalt) declaredbankruptcy in May 1931. This caused a financial panic spreading worldwide. One reason for the2010 Greece crisis is by the corrupt policies of the IMF, the international bankers' promotion of toxicwaste & derivatives, and other reasons. Spain unveils billions in deficit cuts to halt eurozone crisisfears. Spain will slash public spending by 6bn and cut civil servants' by 5pc salaries this year as

part of a plan to ease fears the country could slide into a debt crisis like that of Greece.

*Austrian economic propagandists are still here. They just don't go by the names of Ron Paul, LewRockwell, Alex Jones, Frank Rubio, John Stossel, etc. One such person is named JacobHornberger. He's apart of the Left/Right paradigm since he feels that economic freedom is aleft/right deal. He mocks the New Deal. The New Deal isn't perfect, but it's a whole lot better thanwhat he promotes. The legitimate parts of the New Deal gave social programs for people literallystarving to death in the streets and had some economic populist policies. The government in recentdecades have deregulated the market and laxed laws against usury (plus it has legalizedderivatives). Today, some in the Obama administration and others want to have IMF style austeritymeasures. Hornberger tries to glamorized the Gilded Age when it was a time filled with child labor,

corruption, and other evils. These evils were enacted by the robber barons in the late 1800's. In thattime there was the Crime of 73 and other measures that immorally distributed or transferredlandholdings (plus pledged collateral) form bankrupted farmers and business owners to criminalfinanciers. There was fractional reserve lending. These policies were done by private interests forprivate gain. Austrian schoolers views all government regulation as evil and want the fractionalreserve banking system to be unchecked. I don't agree with that since I reject land speculation anddepression causing monetary deflation. The laissez capitalist proponents typically ignore theexcesses of the Gilded Age like privilege transfer programs. Hornberger uses the deception thatclaims that any form of social programs or a safety net is akin to socialism when he criticized SocialSecurity. Not to mention that people on welfare would decrease if the corporations didn't exploit the

economics of the West. Though, I do believe in welfare to help those that need it.The reality is that Social Security originally was a trust fund to help the elderly in America.Even Founding Father Thomas Paine advocated a social insurance program. He wanted a tax on

ground rent to fund it instead of a tax on wages. Austrian school salespeople don't admit this fact. InHornberger's mind, anyone who supports Social Security -- or a social safety net of any kind -- is, bydefinition, a socialist, fascist, and philosophical soul mate of Adolf Hitler. I don't agree with this at all.FDR didn't adopt fascism as Hornberger claimed. The industrialists in America tried to assassinatehim to create a fascist dictatorship. The Austrian School don't see economics as grey sometimes,but more black and white. I disagree with their views. Hornberger is right though to disagree with

Glen Beck on civil liberties and foreign policy matters. The Austrian School was createdby aristocrats from Europe. It's an aristocratic economic philosophy then.It's as simple as that. For the first years of Misess life in the United States,


4/22

he was almost totally dependent on annual research grants from theRockefeller Foundation. Ayn Rand (the later leader of this archaic philosophy) sawselfishness and greed as virtues. Thats wrong. Ironically, the Rockefellers exploitedthe Gilded Age in their power to maintain their control (back then, there wasan epidemic of sweatshops, child labor, extremely low wages, and other

evils. In 2010, this doctrine is found in the Chicago University via the Chicago School). Theprimary purpose of the Austrian School all along has been to protect and

entrench this privilege of the super rich elite -- not eliminate it (under the

covers of "liberty" and "free markets" that some Tea Party rallies have taken

up). Adolf von Habsburg is the one the mentioned as co-founder of this Pelerin

Society.Otto von Habsburg (from the Pan-European Movement) is the guy whose ideas serveas the basis for the EUSSR, i.e. the European "Union."The Pelerin Society promotes Austrianeconomics or laissez faire capitalism.

Rand Paul is having his controversy. Like father like son I guess. Ron Paul has been exposed asbashing the 9/11 Truth Movement, believing in the lie that any government interference in society isakin to socialism, and having ties to a Masonic fraternity group. His economic philosophy existedfrom aristocrats who had ties to the pro-European Union movement. Ron Paul spoke out against theArmenian Genocide Resolution bill when he spoke in CNNs The Situation Room. Ron votedagainst action to condemn the genocide in Darfur and voted against Rosa Parks being awarded theGolden Medal. He doesnt believe that the government should provide health care among the poor,the disability, and others that need it. Now, Ron Paul believes in the deception that when a privateorganization moves a person out of welfare, that organization has fulfilled its mission and proved itsworth to donors. What is the truth? The truth is these organizations (in welfare reform schemes) getmoney and put pressure on people to accept any job (even if you have a handicap or have healthproblems). The corporations just get money and reap the benefit as a private agency. So, its a

reality that some assistance is needed for those that need it. Ron Paul's Economic doctrinecomes from Adam Smith, which is the modern father of laissez faire capitalism. Smith


5/22

was friends with Jeremy Bentham, who was a British agent. Let it be known that I knowtons of British people that are real patriots. So, I want to make that clear. Bentham wrote anessay called "In Defense of Usury." The Mises Institute, which is linked to Ron Paul'sCampaign for Liberty website has propaganda essays like, "The Case for a 100% golddollar", and "In defense of the Robber Barons" (where the author tries to defend the

Rockefellers). The labeling of all Government activities as "Marxist Socialism, which theMises website does in nearly all of their articles, is a deadly threat to humanity. Ron Paul'seconomic doctrine is the same as Arnold Schwarzeneggers. Cut everything, and hope the

economy recovers are their agendas. As you can see from the following, the powers that be

are still to this day parroting the Mussolini line of "Balance the Budget" during economic

hardship stuff, all the while completely dumping every cent of our GDP into bailing

bankers out of a abyss. Ron Paul blames the government explicitly for the

problems in this country. The government is to be blamed for many of the

economic & political problems in the USA, but these complications are not

only the governments fault. The privatized FED spent 24 trillion dollars.

The private sector created the 1.5 Quadrillion dollars of worthless debt

based securitized assets. Numerous bad laws have been lobbied for by

corporations and banks. This isnt related to socialism at all. Many of

Americas debt come from derivatives that are caused by the deregulation

of the market. Even Dennis Kucinich accurately commented that: The

free market doesnt mean Wall Street should be free to steal from the

American taxpayer. Its a free market, not a spree marketThat's Ron (whohypocritically believes in competition, but is very skeptical on the government trying to compete with

the private sector). Now, Rand Paul made headlines recently. Rand Paul told MSNBC host

Rachel Maddow that he supports the Civil Rights Act of 1964. Yet, he didn't say whether he

will support or not support whether any private business can discriminate against people

based on race. He also said that he believes in the right of racist people to say mean things,

but he denies being a racist or supporting segregation in the United States. What is the truth?The truth is legally, free speech is definitely broad. You can say anything you want with exceptionslike slander, threats, etc. Although, even in a private business, there is still government regulation.Even a private business can't do what they want whenever they want like discrimination, sellingpoisons, doing fraud, and other acts of abuse. You still need a public charter in numerous cases toform a business. Using Rand's logic, BP can pump oil in any U.S. coastline arbitrarily, companiescan sell lead in their products, and private businesses can have theft or they can have fraud (all inthe name of freedom). So, Rand Paul is wrong to acquire that extreme libertarian mindset thatgovernment regulation ends in private functions. Private functions are still bound on legalparameters set up by federal government. The Civil Rights Act acted as a legitimate means toprevent discrimination in the workplace whether that workplace is in a private or public format.Nothing in Rand Paul's statements were controversial since his views are common among a certain

segment of the U.S. populace. We know which segment of the populace commonlyembraces Pauls views now dont we. I don't believe he's a serious racist, but he justadheres to that extreme form of libertarianism (except on some of the morality questions). He is anideological extremist. He is so categorically opposed to public regulation of private enterprise that hecannot even bring himself to say that the Woolworth lunch counter should've been desegregated.

You don't have a right to do as you please on your private property as AleisterCrowley believed. You have no right to murder, and do fraud on your privateproperty. That's against the law. Limitations exist. I believe in the existence ofprivate property and private property rights, but I reject private or public corruption.


6/22

This doesn't mean that all regulations are legitimate. Some regulations are fine andsome regulations are wrong of course. A bad regulation is the bill that desires thegovernment to shut down the Internet during times of an emergency. Simplisticideologies does nothing to meet the real needs of the environment, health, education, our civilliberties, our foreign policy, our labor, our economic system, etc. Rand Paul is running for theRepublican Senate seat in Kentucky. I don't hate the man, but I do disagree with the man on some

issues. He's being hit by the neo con crowd too in trying to force him to accept their archaic views onforeign policy.

*The Senate passes the Financial reform bill. Some critics believe that it doesn't go far enough intrying to promote real financial reform. The Senate passed the bill by a vote of 59-39. It won't fix thecore problems in the financial or prevent a next financial crisis. The bill don't include the VolckerRule. It wasn't even debated. The Volcker Rule is about breaking up or substantially reining in thetoo big to fail banks. It doesn't force transparency in the derivatives market. Senator Feingold saidthat the bill doesn't eliminate the risk to our economy posed by the too big to fail financial firms. Itdoesn't have the real safeguards that was created after the Great Depression, which separatedMain Street Banks from big Wall Street firms. That can prevent another economic meltdown. Thesereforms were lacking in the bill. This crisis created the nation's worst recession since the Great

Depression. Senator Cantell said that this bill doesn't deal with the loopholes in derivatives

trades that led into the economic implosion. Congress made efforts to weaken the bill bylacking key reforms in derivatives trading. The bill refocus the financial system away from

synthetic bets and get more capital in job creators and Main Street businesses. There are

some good provisions in the bill, but it still has loopholes in it. Nouriel Roubini said that the bill

is cosmetic and won't stop the next crisis. Others have said that this bill won't prevent the

next crisis. Dodd himself has admitted that his bill will not stop the next crisis from coming." Infact, the bill is wholly ineffective, failing to address the core things which need to be done to stabilizethe economy. The bill won't remove the massive government guarantees to the giant banks, and itwon't even increase liquidity requirements to prevent future meltdown. Senator Ted Kaufman saidthat there are walls in the bill. The Moodys report stated: the proposed regulatoryframework doesnt appear to be significantly different from what exists today. The reforms inthe bill don't change the size of the big banks. The regulators are limited in cracking down on Wall

Street in the future. Democratic Congressman Brad Sherman said that the Dodd bill has unlimitedexecutive bailout authority. This is what Wall Street received. Sherman is the senior member of theHouse Financial Services Committee and a certified public accountant. Arthur Delaney said that thebill have carve outs purchased by lobbyists. Corker mentioned a few hits from the carve-out list:Private equity firms are left out, he said. Hedge funds are left out. Select central banks controllingcapital in a feudal fashion has been exposed by Georgetown Professor Carroll Quigley (He was BillClinton's mentor) in the following words:

"The powers of financial capitalism had another far reaching aim, nothing lessthan to create a world system of financial control in private hands able todominate the political system of each country and the economy of the world asa whole. This system was to be controlled in a feudalist fashion by the central

banks of the world acting in concert, by secret agreements, arrived at infrequent private meetings and conferences. The apex of the system was theBank for International Settlements in Basle, Switzerland, a private bank ownedand controlled by the worlds' central banks which were themselves private

corporations. The growth of financial capitalism made possible a centralizationof world economic control and use of this power for the direct benefit offinanciers and the indirect injury of all other economic groups."CarrollQuigley, Tragedy and Hope: A History of The World in Our Time, Macmillan


7/22

Company, New York, (1966) p. 337.

People have broken up Standard Oil, so it's fine to break up giant banks. Even Senator TedKaufman, who was interviewed recently by the American Prospect's Tim Fernholz said thatTed (and Senator Sherrod Brown) wanted to have an amendment to cap the size of the

largest banks. This can break them up. Kaufman said that we broke up Standard Oil,

AT&T, and accountants as well. So, he said that: "...A lot of the changes were

talking about, the mergers, are just new. When you look at the reasons

these banks are so big and you know how big they are remember the

reason JP Morgan Chase is so big is because they bought Washington

Mutual when it was in trouble, and Wells Fargo bought Wachovia, and

Bank of America bought Merrill Lynch [during the crisis]. It is pretty

straightforward, now that these are back on their feet, that it makes sense

to break them up..." Even former Federal Reserve Chairman Alan Greenspan wants U.S.regulators to consider breaking up large financial institutions that are considered too big to fail. Hesaid that: "...Those banks have an implicit subsidy allowing them to borrow at lower costbecause lenders believe the government will always step in to guarantee their obligations.That squeezes out competition and creates a danger to the financial system..." Greenspantold this information to the Council on Foreign Relations in New York. Breaking up Standard Oilback in 1911 didn't cause too much issues in the economic world. You have to have solutions insolving economic problems. Busting big banks is needed to have a policy that can work for thefinancial system. There should be the resurrection of the Glass Steagall Act that prevented theseparation of commercial from investment banking (and get antitrust laws to the remaining 5 biggestWall Street banks so none is too big to fail). Economic historian Niall Ferguson wants a seriousapplication of antitrust laws to the f inancial services sectors and an end to institutions that are toobig to fail. Geithner is proposing that] there should be a new resolution authority for the swiftclosing down of big banks that fail. But such an authority already exists and was used whenContinental Illinois failed in 1984. Indeed, even the FDIC mentions that Continental Illinois in thesame breadth as too big to fail banks. William K. Bank was the senior regulator during the S&Lcrisis and an associate professor of both Economics and Law at the University of Missouri. He said

that the Prompt Corrective Action Law (PCA), 12 U.S.C. 1831o, not only authorizes thegovernment to seize insolvent banks, it mandates it, and that the Bush and Obamaadministrations broke the law by refusing to close insolvent banks. So, the government canfind a way to break up the Big Banks if they wanted to.


8/22

Those in the economic populist movement want financial and election reforms. There should be aban on bad derivatives that have infected mega banks. A Derivative is essentially a mass of toxicunpayable mortgages or (futures of mortgages) that are worthless. They are "Exotic investmentvehicles" that the private banking sector promised tremendous returns on, in today's case a mass ofunpayable mortgages. All ill gotten assets of Henry Paulson, Bernard Madoff, and others should beliquidated in order to replenish retirement funds they have raided. There should be a debt freemoney system to spend at no interest to fund the repair & production of public goods and other

services. "Rights vs. Privileges" is a book written by Robert De Fremery thattalks about switching from a debt-based money system to a debt-free moneysystem. Robert believed that you can avoid an collapse by having creditexpansion using money that is independent of debt (and at the same timetake away the banking system's privilege of creating any more credit. Thismeans to according to Robert De Fremery: "...force banks to confine theirlending operations to the leading of existing funds...").This can work if the moneysupply is spent and mechanisms are used to prevent hyperinflation. All economists fromacross the political spectrum view hyperinflation as wrong. Similar proposals haveoccurred among Richard C. Cook and Ellen Brown. Cook want a National dividendpaid directly to the people (plus community saving banks) along with thegovernment spending debt free Greenback-like money to society. Big Money viamonopolists were so evil in the Gilded Age that laws were passed to safeguard workers and


9/22

financial instruments. The robber baron had overt market dominance and trusts (or theirpower was centralized into a few hands to be manipulated for maximum profits and power).These robber baron back in the late 19th century and the early 20th century go back the names ofAndrew Carnegie, John D. Rockefeller, Henry Ford, and JP Morgan. There was the traitor PresidentAndrew Johnson. He was probably the most racist President in history as mentioned by the HistoryChannel. He supported radical free trade and opposed even Abraham Lincolns moderate policies.He believed in the myth that black people were inferior to the white race and wanted black citizensto be relegated to a plantation system. He opposed the 13th, 14th, and 15th Amendments that simplygave citizenship rights to African Americans. That is why Congress override his vetoes. He was sowrong that Congress impeached Johnson and nearly threw him out of office. Andrew Johnsonopposed Reconstruction (he wanted to constrict the currency and tax productive wealth). EvenMorgan hated competition. It would be some of these families that formed the Jekyll Island meetingto set up the Federal Reserve Banking system. President John F. Kennedy according to DonaldGibson's book entitled "Battling Wall Street: The Kennedy Presidency," wanted to oppose "freetrade," he believed that industry should serve the nation, and America ought to develop cheapenergy in order sustain its independence. Gibson believed that the oil/banking cartel raised oil pricesto levels in order to trap the world in a web of debt. In fact, on June 4, 1963, he issued ExecutiveOrder (EO) 11110 giving the president authority to issue silver certificates absent of the Federal

Reserve. This is why JFK followed foreign aid, nation to nation cooperation,

low interest loans, he believed in Third world nationalism, and other populistpolicies. It is therefore the Austrian School, not its critics, that is mindlesslydenying "reality" when it blindly insists that printing new money isautomatically inflationary. Printing new money doesn't cause inflation if theresultant increase in the money supply does not exceed the increase ineconomic output. So, our economy is filled with debt-based currency, which of course isa problem. Yet, the oligarchs want another bad prescription of using austerity measures in Greece,America, and worldwide in order to praise their god of the "free market." This is why the IMF inmany nations force countries in economic turmoil to force the government to shutdown socialservices, thereby cutting off the lifeline of the lower classes. This is class warfare in its most viciousform. It literally results in starvation just to protect the cashflow of rich financiers who hold thecountrys debt. We also see Greece being required to outlaw cash for some transactions. This is a

strategic goal the financial powers have for the world. A cashless society makes peoplecompletely hostage to electronic debit/credit cards controlled by the banks. Austerity is a badplan for everyone except the upper class. This is why economic populists want money spent toinfrastructure projects that are approved by the people in order to grow the economy. The marketisnt ruled by an invisible hand. Most of the markets are controlled by the elite and their puppetsfound in Paulson, Bernanke, Goldman Sachs, JP Morgan, the IMF, etc. Its as simple as that.

Even Barack Obama's advisers have ties to Wall Street just like the Republicans have theircorporate interests. The elite funds even the Austrian Economic system in order to covertlypromote evil austerity measures here in America. America is the last on the list to be fullycontrolled by the corporate elite in the industrialized world. These austerity measuresinclude cutting Social Security entitlements, increasing the social security tax, and othermeasures (as promoted by CFR member Peter G. Peterson and others). The Federal Reserveis not really pushing money to the people directly. They are lending it to select banks, while the largebanks have been buying up smaller banks, lands, farms, etc. The government should spend moneydirectly to create jobs, provide services, and stimulate productivity. This doesn't cause inflation ifsupply and demand increase together. Inflation only occurs when the demand exceeds supply (orgoods and services). The Social Security going bankrupt is a myth even mainstream economists

really don't believe. It's a pay as you go system. Todays social security taxes pay todays

recipients; and if necessary, the tax can be raised. Federal Reserve Notes compose only about

3% of the money supply (or M3). M3 is money supply that deals with things other than

currency, CD, etc. The other 97% is issued by private banks in the form of loans. M1 and M2


10/22

are other major money supplies in American society. Money should never be owned by select,

private hands. Those in the economic populist movement want states even to form their own banksin order to help citizens solve their financial issues. If the banks in the states issue notes withoutinterest from other places, it can create savings. One example of this is the State Bank of NorthDakota that made its debt solvent (or it meet its financial obligations) and has large surpluses. Thisbank partners with private banks to loan money to farmers and small businesses. It makes 1%

loans to start up farms, has a thriving student loan business, and purchases municipal bonds frompublic institutions. Conversely, Congress is refusing to sent California a modest $26 billion to coverits $26 billion budget shortfall. This is in spite of the at least $700 billion bailout money sent intointernational banks via Congress. I'm not even mentioning the bonuses and the trillions committedby the FED to the big banks like Goldman Sachs. The federal government has even rejectedCalifornia's request for a loan guarantee that can save the state hundreds of millions of dollars ininterest. A loan guarantee is a promise among 2 parties in economics. One party or the guarantormakes a promise to assume the debt obligation of a borrower if that borrower defaults (or that partycan't pay off their debts). California can create their own bank to handle that debt crisis. If Californiauses their parks, buildings as its capital base (without FDIC capital requirements), the multipliereffect can take shape to create billions of dollars in credit. The multiplier effect is when your moneysupply expands after banks are able to lend (the deposits created are the multiplier effect after youhandle the reserve requirement. For example, if I deposit 100 dollars, and the reserve requirementis 20%, I can loan 80 dollars to other banks. The remaining 20 dollars are kept in reserves). Thiscan increase capital if capital is lent and relent many times over to grow capital. We the people didnot precipitate this credit crisis; the elite, central banks did.

Many people have talked about socialism before and social justice. Socialism is the

belief that the government should control all of means of production in a nation (or

the government seizing markets in an economy). Some people have exposed it. I don't

agree with aligning with Frederich August von Hayek. Hayek is apart of Austrian

economics and he was tied to the European Union movement. The European Union is apart

of the new world order or globalization agenda. Hayek believed in fascist views as showing

in his "The Road to Serfdom" book. He promoted the Right Paradigm Mont Pelerin

Society, while the extremist Saul Alinsky (of the Left Paradigm) called Lucifer his rolemodel in his book entitled "Rules for Radicals." Alinksy wanted revolution to change

society. Ironically, Hayek wrote his Serfdom book while teaching at the British Fabian

Society's London School of Economics. So, he's a hypocrite by claiming to abhor

communism, but teaching in a pro-Fabian Socialist College. He opposed National

Socialism as statist and totalitarian. Yet, he falsely claimed that any government

involvement in the economy would strangle freedom, crush markets, and lead into Hitlerian

totalitarianism. He slandered Walter Rathenau (he was the German foreign minister who

was assassinated in 1923 and this continued the draconian rules of the Versailles Treaty

imposed on Germany. This caused the Nazis to rise to power). Berit Kjos is great, but even

she doesn't know that von Hayek promoted near total deregulation, the pan European

Empire agenda, and strict monetarism. Some of these views relate to Nazism. The failedAustrian Economic system has been proven to be sterile by the existence of Reaganomics.

Kjos don't know that Hayek was an agnostic. So, an agnostic is the founder of modern

Austrian Economics. Now, the Left Paradigm promote their ideals in the name of social

justice. Many of them have a hostility toward Biblical Christianity as Kjos accurately points

out. Jim Wallis promotes social justice in his Sojourners magazine. The Right Paradigm

fails to see that life is social, while the Left Paradigm fails to see that social justice is never

a total cure for salvation. Salvation is done by the blood of the Lord Jesus Christ not by


11/22

social justice. Although, it is legitimate to have compassion for all people in promoting

justice. Now, Marx and Friederich Engels expressed contempt for some of the poor by

calling peasants bumpkins, a barbaric race, and frightfully stupid. They hated Christianity

and its moral values of course. The weakness of socialism is that it attempts to help out the

poor, but bans any form of private enterprise. The truth is that reduction in poverty occurs

when government services and private enterprise (that can include modernization &technological advancement) exist in a nation (along with safeguards to prevent corruption).

Socialism sometimes tries to form a society of equals by theft and force instead of real

assistance and radical development of society. You are not equal by force. You are

equal by you being born as a human on Earth alone. You have inalienable rights

that can never be taken away by the State nor corporations. On the flip side, it is

wrong to redistribute wealth from the poor to the super rich. Communism is worst

than socialism since communism is about the abolition of private property, the abolition of

the family if necessary for the collective, moral relativism, the abolition of religion if

necessary, the banning of individual liberties, etc. Communism embraces readily

political totalitarianism. Communism has been related to a history of usingrevolutionary violence (as exemplified in the stories of Stalin, Trotsky, Mao, and others).

The Left paradigm fails to see that not everything collective is righteous

(although, there is nothing wrong with a collective solution to complex

problem) and the Right paradigm fails to see that individual charity can

only go so far in helping the poor. Also, the Right paradigm forgets that life

bigger is than being an individual. Sometimes a person has a

responsibility to have social awareness to help him or herself including

other people. Life is social not just individual. Not every individual will go

through the same exact experiences at every circumstance in life. Life is

complex at times. Not even capitalism is omnipotent. Almighty God is

only omnipotent.

When you think about it, extreme Libertarian (they love a gold standard currency) and

Communism are more similar than you think. Each have arrogant people that use

hypocritical rhetoric to advance their cause. Ultimately, a centralized elite rule the make up

of their economic plans. These people arent true revolutionaries. Some of them murdered

millions in the 20th century alone. The truth is that cartel-capitalism (whose evil history is

related to imperialism, racism, sexism, economic exploitation, and viewing man as a

commodity. We know this easily) and communism in the Cold War was funded by the

same international banking elite. Vulture capitalism as shown in the British East India

Company contributed to the evils of slavery & imperialism. Now, I forgot to mention this.

They (or the cartel-capitalists) love to promote recreational drugs, occultism, GMOs,and other evils in our communities to ruin the health of people. Also, its valve of

control over human beings that can make conformity (to their evil, unjust cultural

standard) that much more available. Therefore, the Cold War hoax was contrived in order

to stop sincere Nationalism and permit political agitation (that inherits the restrictions of

the real solutions unto the Third World especially. These restrictions constitute

nothing more than a form of neo-colonialism). Sincere nationalist movements in


12/22

Hungary and other places were crushed ironically by the CIA. You cant support a savage

economic system.

Brazil having its right to independence is important to be made known. Brazil is the largest

nation in the South American continent. It having one of the world's richest natural

resources have made it a key place for the globalists to try to control. Of course, many

people live there including people of African descent. I dont agree with discrimination

there or any where else. In 1961, a young idealistic nationalist named Joo Goulart

became the president of Brazil. He promoted land reform, nationalization, and

industrialization in order to try to make the most of his nation's enormous potential. In the

Goulart Presidency, he became good friends with President John F. Kennedy. JFK started

the Alliance for Progress foreign aid initiatives involving Brazil in 1961. These initiatives was

made on a government to government basis that sidestepped the World Bank, the IMF,

and the profit driven policies of Wall Street. JFK's policies were criticized by establishment

via Nelson and David Rockefeller. The Wall Street Journal, Fortune magazine, and McCloy'sCFR journal Foreign Affairs criticized his policy too. David Rockefeller believed that publicly

owned enterprises shouldn't compete against privately owned companies. David wanted

Kennedy to proclaim a shift in foreign-aid policy toward private entrepreneurs, both

American and allied local investors, on the grounds that private enterprise per se was the

basis of freedom. David Rockefeller wanted any public enterprise to be opposed. JFK

wanted development in the Third World, but not on the terms of multinational

corporations though. Goulart nationalized a subsidiary of American-owned International

Telephone and Telegraph (ITT). The president of ITT then began to furiously lobby

congress for an amendment to Kennedy's 1962 foreign-aid bill that would immediately

cancel all aid to any country that nationalized, repudiated a contract, or specially taxed orregulated any American company. Kennedy opposed the amendment to the bill as

enflaming the region Also, Kennedy was opposed to imperialism. JFK wanted to mediate a

settlement between ITT and the Brazilian government. Afterwards, Goulart made an offer

to buy out all American-owned utilities that were squeezing the Brazilian economy with

steadily jacked up rates. John F. Kennedy supported the idea. Goulart's plan didn't work

out, so he want to limit the amount of net profit foreign companies would take out of the

country and he had control over foreign aid. The CIA falsely called Goulart a Communist

when he wasn't. The real threat in the region to the Anglo-American establishment wasn't

the Soviets. Yet, the threat was the Third World having power over its own government, its

own economy, and using their own natural resources independently. When, Kennedy was

assassinated, people in Brazil mourned. According to Gibson, when Kennedy died, the

Alliance for Progress was changed to be favorable to David Rockefeller. A CIA

backed coup eliminated President Goulart from power in March of 1964. Brazil

suffered a dictatorship with death squads, etc. until 2 decades later. The Rockefeller

family (via Nelson) had huge power in Brazil's oil, mining, electricity, communications, etc.

Nelson used religion in the Wycliffe Bible Translator and William Cameron Townsend as a

means to control Brazil. The Rockefeller would praise the dictator and evil man Mao.


13/22

Nelson supported the apostate preacher Billy Graham too. The lesson here is the evil of an

oligarchy have spanned centuries and continents.

People like Bill O'Reilly obsess with debt and claim that austerity measures are needed to

solve our economic crisis. He omits that we can have state banks, create debt free money,

and other populist methods to have the money available to create economic growth. We

don't need to cut legitimate services that can allow the poor and the disabled to possibly die

in the streets. Even Alan Greespan want to radically cut programs as other deficit hawks do.

Paul Krugman and Joseph Stiglitz (who are both economists) want a 2nd round of stimulus.

These neo con hypocrites like O'Reilly talk about cutting spending, but they refuse to cut

any spending from the war on terrorism. The global elite want austerity as to maintain their

power base, while economic growth is more stagnant among the poor and middle classes.

Strangling wealth and radically cutting spending don't grow the economy at all. It slows

down growth. The private sector is not maximizing its profit. How can you get sufficient

economic growth from the private sector when that sector isn't growing right. You need

some injection of capital to act as a foundation for more growth to occur (among both theprivate and public sectors). And while it is not true that the stimulus "has done nothing" as

the deficit hawks claim (IHS Global Insight, Macroeconomic Advisers and Moody's

Economy.com all estimate it created around 2.5 million jobs.) its effects have largely been

canceled-out by the gigantic state budget gaps. This is why some want a real stimulus to be

sent into the financial system until the economy truly gets on track. Once, the economy get

on track, then you can handle budget concerns in a real way. If people are unemployed,

you dont cut spending of real services in a radical way.

The G8 have tried to stagnant Third World progress for decades since the 1970s.

Even the Dulles brothers believed that the non-alignment agenda of the Third World(or being neutral from Communists and the West) was still pro-Communism. That

was a lie of course. John Foster Dulles shared bugbears with Winston Churchill. Both were

obsessed with Communism, what Dulles called godless terrorism. There has been

structural adjustment conditionalities, aerial bombardment. Now in 2010, the G8 (with

Russia) want to meet in Toronto, Canada. There will be protests there as this is a common

feature of the meeting. This gathering is its 33rd official gathering. The G20 was formed in

1999 at the initiative of the locomotives of the South, the BRIC countries (Brazil, Russia,

India and China), South Africa (who joins them in another iteration, the IBSA India,

Brazil and South Africa) and Mexico. Soon, the G20 will be the premier economic alliance.

Even with the failure of neoliberalism, European banks still wanted austerity measures in

Greece. That Goldman Sachs had colluded with the Greek ruling elite to enable and maskits debt was not the issue. The lesson from the Greek debacle was that European countries

had to hastily bring down their deficits. Some of G20 agents want deficits to now be paid

for not by higher taxes on the rich (or even more effective tax collection on extant

rates), but by cuts in government social spending and non-effective taxations of all kinds

on the working-class. The consumption of the elite could not be touched, but the

consumption of the poor, low as it is, is going to be curtailed. The newly elected

Conservatives in the UK hastened to slash government spending, with the Conservative


14/22

leader, David Cameron, telling his fellows to change their whole way of life. This policy

is brutal. Zapatero is going to cut 15-billion euros from his budget in Spain. The socialist

& IMF member Dominique Strauss-Kahn support the measures in Spain. So, there is a

battle between economic populists and the speculators who want economic harm against

most of the people in the world. Some liberals are right to say that its truly despicable

that some Republicans want to block unemployment benefits to Americans. Some in WallStreet oppose giving legitimate benefits to people suffering in places like Michigan when

Wall Street is experiencing records bailouts plus bonuses. Its a disgrace. One Democrat

called Ben Nelson voted against giving people unemployment benefits. Some GOP

members have tried to filibustered the bill. Numerous Republicans are very hypocritical to

support billions of dollars being spent in Iraq for rebuilding that country, but they oppose

giving money to the people in helping rebuilding their own lives in America.

Belt tightening now will only increase the deficits by reducing government tax revenues. In

a recent interview, Nomura economist Richard Koo was asked if the US should try to

reduce their deficits by cutting back stimulus. Here's how Koo responded:

"Not until private sector deleveraging is over. At present, private sectors in the US,

UK, Spain, Portugal, and Italy are still deleveraging. This means these countries

should not try to reduce fiscal stimulus. Any attempt to cut deficit in these countries

is likely to result in a weaker economy and a larger deficit as seen in Japan in

1997.... When private sector is deleveraging, money multiplier is negative at margin.

No monetary stimulus will work in such an environment where people are trying to

reduce debt, even with zero interest rates, in order to repair their damaged balance

sheets.

Until people realize that they have contracted a completely different disease called

balance sheet recession where the private sector is minimizing debt instead of

maximizing profits, a constructive policy dialogue is not likely to be possible. Once

the exact nature of the disease is understood, the remedy (sufficient and sustained

fiscal stimulus until private sector balance sheets are repaired) will become obvious

to everyone." ("Interview: Richard C. Koo, Nomura Research Institute", Acemaxx

Analytics)


15/22

The economy is still in bad shape. Some folks fear another recession in the year of 2010 or

2011. There is a threat of a double dip recession and deflation. Deflation is when the valueof money radically decreases that can constrict wealth. The yield on 2 year U.S. Treasurieshas fallen to the record low of 0.61. This is a level that hasn't been seen since the time of theGreat Depression. In June of 2010, the U.S. workforce shrank by 652,000. This is one of thesharpest contractions ever. The rate of hourly earning fell by 0.1 percent, which increasesthe risk of deflation. "The economy is still in the gravitational pull of the GreatRecession," said Robert Reich, former US labor secretary. "All the booster rockets

for getting us beyond it are failing." Home sales and retail sales are down. EvenCalifornia is cutting pay for 200,000 state workers to the minimum wage of $7.25 an hourto cover the 19 billion dollar deficit. Some like Peter Schiff wants cuts in spending. Other

people want another stimulus package. The credit crunch continues because of derivativesand too many debts. The stimulus will soon expire. Wealth can continue to contract. Morepersonal saving can make the aggregate demand decrease since people don't have enoughmoney to spend commodities. Inflation is important to keep under control, but deflation is areal economic threat too. You need some government spending in infrastructure projects,job creation programs, and public works systems to grow the economy. You handle thedeficit after economic growth (I mean real economic growth) exists in the picture.Austrians see that doing nothing and allowing the business cycle to work is going to endthe recession. This doesnt work since in history, economic recovery plans allowed us to getout of depressions and recessions. I worry about a person dying in the street above andbeyond the deficit. You have to have a directed fiscal stimulus to build up consumer

confidence, grow the CPI, etc. You don't reduce wages and follow neo-liberal economicpropaganda to get things moving again. Ron Paul can support von Hayek all he wants, butvon Hayek opposed nationalism.

One smoking gun refuting the austerity mythology are the events in the Baltic Sates. The Baltic

States have some of the most extreme monetary austerity policies in the world. Government

spending cutbacks and deflationary monetary policies have shrunk the GDP by more than

20% over the past two years in Lithuania and Latvia. Wage levels in Latvias public sector


16/22

have fallen by 30%, and the central bank has expressed hope that the wage squeeze will

continue and lower private-sector wages as well. The problem is that these program cutting

programs havent worked to improve the economics of the Baltic states. These policies

have causes strikes and slowdowns. This lowers the domestic markets and investments.

Unemployment spreads and wages fall. This leads tax receipts to plunge, because Latvias

tax system falls almost entirely on employment. Half of the employers wage bill goes to paythe exorbitant set of flat taxes amounting to over51%, while a VAT tax absorbs another7% of disposable personal income. Yet the central bank trumpets the wage decline as asuccess and would like even further shrinkage. There are for sale signs in DowntownRiga and the Baltic beach suburb of Jurmala. There is a lack of a property tax to allowspeculators to leave prime properties unrented. Some want to reform the tax system inLatvia, because real estate taxes are only a fraction of 1 percent. Untaxed land value is paid

to banks. There is a tax on labor and little property taxes causing economic issues. Some

want to shift the tax burden off labor and wages and into the lands rental value to lower the

cost of employment (without harming government finances). Hong Kong rose its economy

because of that plan.Michael Hudson is the Chief Economist of the Reform Task Force

Latvia. Michael wants the policy of less taxes for employees and more taxes on land.

Other reforms came out. South Korea wants to have new restrictions on derivatives trades,

cross currency swaps, and forwards. The currency controls will come into effect from July

2010. There will be a grace period of 3 months to avoid any disruptions in the derivatives

trading markets and banks (banks can cover their existing forward positions for up to 2

years if they exceed the ceilings). There are restrictions in loans as well in North Korea.

The Korean authorities have further tightened the existing regulations on foreign currency

liquidity ratio of domestic banks. The domestic banks will monitor the soundness of foreign

currency liquidity on a daily basis and report it to authorities every month. North Korea

wanted global financial safety nets via international cooperation. North Korea authorities

wanted currency control to limit risks & to curb the short term debt. Indonesia have done

new regulations to handle their own economy too. Capital controls cant be the total answer

to solve economic problems. According toKavaljit Singh, there needs to be regulatory and

supervisory measures to grow macroeconomic systems in nations.

*The neo-conservative movement isn't new. It's a representation of the same oldphilosophies of the aristocrats. They believe in accepting privatization, banningany attempt of the government to finance internal improvements, eliminateprotections of our liberty, and a radical form of a law and order doctrine (thatincludes abolishing parole, eliminate amenities for prisoners, that has prison

exploitation, etc. There are even prisoner chain gangs in Alabama. Prisonsshould not be like Club Med neither a concentration camp either). Theyembrace a contradictory stance. They say that we have too much government, butthey love a huge government to be involved in our prison system, the military, ourcivil liberties, and other parameters in our lives. They feel like that government can't betrusted to run a post office, a railroad, etc. but they can run our criminal justice system.

Many people in that movement follow a script. So, they hate welfare to assist the people. Onthe other hand, they love a police state that oppresses the people. Some of


17/22

them think that some people should fend for themselves and starve to death.We shouldn't follow the path of oligarchy or the ways of Lycurgus (in his Spartan statewanting to harm industry and science). Today, Austrian proponent Llewellyn Rockwell (ofthe Ludwig von Mises Institute) believes in the Confederate Constitution. He doesn't evenbelieve in the general welfare clause of the U.S. Constitution.

The late U.S. Supreme Court Chief Justice William Rehnquist followed in the neo cons' footsteps.He promoted states rights even if the state contradicts federal law. He sympathized with the racistJustice Roger Taney. Taney deprived human rights protection from a black man, who was arunaway slave. The states have rights, but they can't do what they want whenever they wantwithout federal legal protections. The federal judiciary, and especially the Supreme Court,were established by the Constitution as instruments for enforcing the federal Constitutionover the states. Marshall put this ``federal supremacy'' into practice, and Taney tried to destroy it.He didn't believe in the interference in state administrative procedures even if federal constitutionalrights are at stake. William Rehnquist opposed school desegregation cases like the 1954 Brown vs.Board of Education. He was a clerk for Justice and Freemason Robert Jackson at the time. Hewrote a memorandum for Jackson stating that "Plessy v. Ferguson," the 1896 case whichestablished the Jim Crow ``separate but equal'' principle, was correct, and should be reaffirmed.Even Thurgood Marshall (once head of the NAACP legal defense fund) accurately pointedout the majority can't deprive a minority of its constitutional rights. Later, Rehnquist claimedthat he was expressing Jackson's views and not his own. However, the views expressed in theRehnquist memoranda were not consistent with Jackson's views, but they were consistent withRehnquist's own known views. A secretary to Justice Jackson accused Rehnquist of smearingJackson's reputation. Other clerks said that Rehnquist held onto pro-segregationist views in thelunchroom table. Rehnquist back in 1964 opposed a proposed public accommodations ordinance inPhoenix barring discrimination on the basis of race, color, or creed. In 1967, Rehnquist wrote aletter to the "Phoenix Republic," saying that ``we are no more dedicated to an `integrated' society


18/22

than we are to a `segregated' society.'' Rehnquist has never dissociated himself from this statement.Senator Edward Kennedy, who opposed Rehnquist's confirmation as Chief Justice in 1986,said that ``he [Rehnquist] denied that he harassed and intimidated voters in Arizona in theearly 1960s, but the evidence is substantial that he did.'' Another eyewitness, Dr. Sidney Smith,testified that he had seen Rehnquist confront two black men at a polling place, and tell them; ``Youhave no business being in this line trying to vote. I ask you to leave.'' So, he was a racist and how

did he get in the Court? The deal is that the Senate Judiciary Committee back in those days of the1970's and 1980's were dominated by pro-segregationists or remnants of the Confederates. In1971, when he was confirmed the arch segregationist James O. Eastland of Mississippi headed theSenate Judiciary Committee from 1958 to 1978. The old Dixiecrat turned Republican Strom

Thurmond supported Rehnquist back in 1986 when he became Chief Justice. Like many neocons, he isn't a real conservative. He follows the doctrines of Thomas Hobbes(that even the Founding Fathers rejected). Rehnquist classified Hobbes' viewsas a realist. Hobbes believed that in the state of nature man is at war with everyother person. So, men must give their rights to the sovereign (which is givenunquestioning obedience. This is totalitarianism). In truth, man is created in theimage of God with a creative spark and true reason to advance civilization. Thegovernment shouldn't oppress people, but it should foster progress in science

and technological development. Hobbes' views violate the truthful principal thatnatural law is superior to the power of the state . No government could usurpthese inalienable rights. Welfare isn't some sin if it's used in the right way. Nixon's teamhad ties to the Nazis. George H. W. Bush had his share of corruption. Nefarious actions are

common among both political parties. Also, welfare isn't necessarily immoral when it's

given to those that need it. The law said that the government is created to promote the

general welfare of the people you know. Article 1, Section 8 of the Constitution says that

the government can promote taxes, build roads, promote science, promote the arts,

and do other progressive things. As JFK said, a progressive citizenry is a benefit for

the development of American society. Life is complex and sometimes you need unique

solutions to answer unique problems. Also, compassion for the poor is much better than

embracing some laissez faire propaganda. The neo-liberal economic lie has been totallyrefuted after the event of our modern recession. We aren't founded on majority rule sincemajority rule is basically the mob rule. Majority rule can violate the rights of the minority. Rehnquistvoted in the Court in favor of opposing Miranda and other civil liberties. He was a piece of work.


19/22

*The political awakening among the general public is huge nowadays. Even the

Trilateralist Zbigniew Brzezinski admitted that global activism is more entrenched in

society. This awakening deals with exposing the excesses of globalization. Also, there

are a centralized group of people in the military, intelligence, media, and academic

institutions that have inordinate influence in the world. This has been even exposed by

David Rothkopf's literature. We know that the elite use a fake capitalism called laissez

faire capitalism in other to centralize wealth and power. They promote a globalized

system that hates legitimate regulations and safeguards to protect economic & political

rights. In 2010, the elite use new tactics of genetic exploitation, immoral surveillance,

and neo-eugenics as means to promote their scientific dictatorship. All human beings

deserve dignity. Technological advancement is fine if it's done in the right fashion. Yet,

technology that strips human dignity and human liberty is a threat to true human

advancement within the confines of a civilization. You're not civilized if you support

oppression. It doesn't matter if you live in a wealthy nation either. As the Third Worldincreases in political power and much of the West is having population growth issues,

there is a power shift. China is having more socio-economic influence in the world

stage, while Western European & America want more trade with China. China is

reluctant, because they want to establish their own priorities in financial affairs. China

isn't perfect, but the global elite aren't either. One big point is that power ought to be

controlled by the people, not transnational corporations or oligarchs. Oligarchs love a

hegemon or an Empire system since it take consideration away from the people and

thrust these concerns into corporate interests (political think tanks, banking, academic,

and other instruments of control facilities the agenda of oligarchy too). The global

hegemon of the West use the imperfect systems of Communism, cartel-capitalism,

socialism, etc. to promote the interests of the elite. Trade deals and groups that benefit

the global Western hegemony include NATO, the UN, the IMF, GATT, the WTO, etc.

We live in a new era in the 21st century. New news are exposing the oil pollution and

more corruption achieved by BP.


20/22

We exist in a technetronic era where computers, satellites, blackberries, Ipods, and other

advanced devices dominate the cultural/social parameters of the present world order.These tools are utilized and manipulate by the elite to promote propaganda and control

among the human race. The new world order is the shifting from power among nation

states and sending that power into global institutions. With the massive bailouts of

banks, poverty is still in record levels worldwide. In April of 2009, a major global

charity, Oxfam, reported that a couple trillion dollars given to bail out banks could have

been enough to end global extreme poverty for 50 years. This is why the recession

hurt the developing world worse than the developed nations in the West, Japan, etc. The

vast majority of the Earth's population lives in straight up poverty. Austerity is a threat

to. Privatizing all resources, cutting services, and having an unfair tax system will cause

devastation in this country of America. Austerity definitely failed in Latin America,

Africa, and parts of Asia. This was in response in the 1980's debt crisis (and these

policies continued in the 1980s and the 1990s). The result of the fiscal austerity

measures imposed upon nations by the World Bank and IMF was the social dismantling

of the new societies and their subsequent enslavement to the international creditors of

the IMF, World Bank, Western corporations, and banks. It was an era of economic

imperialism, and the IMF was a central tool of this imperial project. It's very

hypocritical for the reactionaries and fascists to talk about entitlements when the

bankers are getting record bonuses (the bankers are mostly responsible for the financial

crisis in the first place) & the manufacturing sector is very low in its vitality. It's also

hypocritical for the neo cons to have an obsession with the deficit, but don't care that

billions of dollars are spent in the war on terror. Ironically, the Tea Party movementrose, because of the errors in the Bush administration. Some of them want to be

independent and others are in the Republican establishment (as aided by the pro-CNP &

pro-Heritage Foundation Freedom Works clique). Some of them are right on some

issues. Others are wrong on various points as well. Ironically, much of the anti-war

movement has vaporized since Barack Obama is President today.


21/22

So, governmental oppression via Homeland Security, etc. is just as evil as

corporate oppression against human beings. These oppressive system turns various

locations into military concaves. The state is not our state. Its an elite dominated

system. You dont want to be a slave to the machine of the State. Ive started to

figure the following information out in a higher level in my mid to late 20s. Now,

we know about propaganda that is shown in television. Mainstream televisionharbors the immoral self hate agenda (against especially people of color worldwide

not just here in the USA. We should be thankful of what God created us to be

physically, mentally, and spiritually), militarism, and materialism. You better

know what you are, because that defines your fundamental identity. Also, this

corporate-dominated mainstream culture harbors anti-intellectualism. One

example is that television would promote random information and simple

concepts. Yet, if any man, women, or child will try to show the bigger picture


22/22

about agendas, concepts, and goals (about the new world order, the evils of

militarism, the genocide in the world, the cultural exploitation, etc.) publicly, then

that is taboo. Its taboo to promote real Nationalism as well. The mainstream

culture thrives on ignorance. We should reject that mindset and embrace wisdom

& truth. That wisdom should be about respect for women and men. You dont

need to act like a puppet like Glen Beck nor have rages of egomania like AlexJones. You can be you own self in expressing your God-given speech to inspire

people to do the right thing. There is nothing wrong with real success. Yet, when

you value human life as a liability or an asset alone, then that is seriously immoral

to think like that. The system is broken of course. You dont suck up to the system.

You should destroy the evil in the system and make a better existence for people.

The fear of the unknown can cripple spiritual development, but the love of your

neighbor can transform your heart to have true understanding. Even if a man

hates you, this doesnt mean that man can never change. Changed lives fulfill the

essence of human perseverance. You give your talents to the world and you assist

people in the world. Oh, I will talk about the Illuminati regardless of the skeptics

say. The skeptics never intimidate me and I say these things to their faces. I have

no fear of these skeptics. Its time to ascend higher spirituality without distractions

& hatred against our fellow man. I will expose police brutality, I will agree with

religious freedom, I will talk about the BP oil spill and I will focus on other real

issues too. I will never quit in my life. I have inspiration from God and my

ancestors that died to allow me to overcome complications. Isnt it ironic that Alex

Jones claims to support liberty, but endorses an Arizona immigration law that

contradicts the essence of personal freedom or liberty. There is nothing with

preserving national sovereignty and handling border issues in a real way. Yet,

omitting compassion for people is just as much a crime as disregarding national

sovereignty. Jones and his ilk hate the fact that the 14th

Amendments says that allpeople born in America are citizens irrespective of who they are. That is apart of

just law. The system acts as a beast to cause friction and agitation. In our

generation, its our turn to not let the system get us down in life. We shouldnt ally

with the wicked system, but we ally with real neighbors and real people to develop

justice from oppression. You have to think revolutionary. Stagnant thinking

doesnt solve an iota of complications. Revolutionary, radical thinking lead to

inventions, end of wars, and other evils abolished in the realm of civilization. We

still have a long way to go in creating a more tranquil world though. You dont

have to agree with me on every issue as human beings have the right to agree to

disagree me on some topics. Thats apart of the freedom of conscience. You should

test what I mention since Im not perfect and no human in Earth is perfect either.

We have to look in mirror and see what can we do to make a legitimately positive

impact in the world.

By Timothy

Date post:	30-May-2018
Category:	Documents
Upload:	timothy
View:	215 times
Download:	0 times

Financial Updates

Documents