Greece: No denouement, just more misery on the way

Don Hank

The news of Greece’s poll results, widely construed as a decision not to immediately exit the euro, is all over the foreign cable news programs, and Brussels is shouting for joy. They fail to see what’s coming! The markets responded favorably for a little over an hour, than plunged again when people woke up to reality: Endless bailouts for Greece until Germany and the others go bust.

To give you some perspective, here are some figures on the contributions of the various member countries to the EU, and hence to the bailouts:

http://www.redicecreations.com/article.php?id=7925

Briefly, at the time of that report, Belgium’s Flanders paid top euro per capita, 282.6 euros per Flemish person, for a total of 1 billion 780 thousand euros.

But it is widely believed that Belgium will soon need a bailout of its own. That’s a double whammy for the EU. Not only would it lose the net contribution from Belgium but it would also have to take more from the remaining countries that are just barely above water to pay the Belgians. A net loss instead of the current net contribution.

Italy contributed 2 billion 938 million at the time of that writing, or about 49.7 euros per capita.

But Italy will eventually need a bailout, despite the phony optimism of Super Mario Monti.

That is another loss of a contributor, which becomes a net liability for the EU.

Spain will also need another bailout, and so will Greece.

And the more needy countries line up at the trough and stop being net contributors, the harder it will be for those few economically sound nations to pull their weight. Further, Angela Merkel, Chancellor of the German powerhouse, is demanding — and will eventually get — full-scale “green” energy to replace all of the traditional cheap nuclear and fossil fuel plants that have so far made Germany the no. 2 exporter in the world. Once this transformation is complete, Germany too will line up at the trough, but the trough will be empty by then.

It may seem as if the EU has spun out of control. But the founders of the EU were men imbued with the socialist vision. Their idea from the start was that the rich nations should pull the weight of the poor, ignoring the vast difference in work ethic between them that drives some to work while others consume the fruits of their labor. This is socialism in drag, since in traditional socialism, there is roughly a wealth transfer of rich individuals to poor individuals, while in the more sophisticated version, the transfer is from rich nations to poor nations. You’d think Europe would have noticed, after all these years of being duped, that the EU is just a sophisticated version of the Soviet Union, but it is as if someone had taped their eyes shut. As time goes on it becomes increasingly clear that this transfer was never intended to be temporary. It has been a de facto systemic state of wealth transfer, always propped up with a new crisis and hence a new pretext to prolong the outright daylight robbery.

Thus, as long as the EU’s power masters can continue to strike fear in the hearts of the serfs who do their bidding, they will continue to steal the wealth of the rich nations, whose workers work longer hours with less pay, and send it to the “poor” nations, whose workers work less, retire earlier and demand — and get — more of everything. Meanwhile, the only win-win group is the bankers. Italy, for example, recently paid a handsome 7% for its credit. Good money for folks who sit like vultures at a carrion feast.

Socialism hasn’t changed one iota in its gross unfairness to the productive. But it has changed its guise and has trained its propaganda machines full tilt against the working men and women of nations unfortunate enough to be “rich,” warning that if their plan is not followed, there will be chaos, tanks in the streets, starvation, rioting, war, etc. So keep your noses to the grindstone. Arbeit macht frei.

Yet, these dread social phenomena are precisely what the EU and its policies are leading to. But they are the unintended consequences, and as stealthy and crafty as the EU power masters are, they have no good moves left for this end game, because the final outcome belongs to God, not to them.

Just as the populace didn’t see their machinations, the power masters didn’t see Him at work.

Don Hank

Is hatred for the Fed erasing the Left-Right divide?

Left and Right vs the banking oligarchs

Are Americans starting to come together?

by Don Hank

The video linked below provides a glimpse of why we are not a free nation, but also, how we can be free if we play our cards right and at least temporarily stop the artificially induced hostilities between Democrat and Republican voters.

Bill Still explains here how the international bank cartel controls our government, just as they do the rest of the world. You and I, on either side of the political divide, no longer have a say in any major decisions.

Remember the first “bailout” bill (TARP), which was signed by Obama and Bush simultaneously on national TV?

That signing was symbolic of the signing away of our sovereignty by both parties, which actually had happened long before that, as marked by the creation of the Fed in 1913.

I recall it as if it were yesterday, that when the TARP bailout was being discussed, congress reported receiving a record number of phone calls and almost all of the callers (of both parties!) begged their legislators not to sign the bill that charged the public with the disastrous policies of bankers and rewarded them for doing the wrong thing.

Yet, despite this almost overwhelming political pressure from the now-disenfranchised American people, the majority of legislators went ahead and passed the bill, proving that their loyalties were not to you, but to shadowy powers higher up.

Bill Still provides the most plausible reason for that incredible dissonance between what we wanted and what the Banking Oligarchy wanted. The banks control the nation and the world, and the banks in fact control the Fed, not the other way around.

But as Bill also shows, there is a glimmer of hope on the horizon. The model for that hope is the State bank of North Dakota, the state with the lowest unemployment and the only State owned bank. It’s not a coincidence.

There is a clue: employment depends on a sound financial and monetary policy.

Here is a brief explanation of the North Dakota state banking system and why it is a model for other states:

http://prorev.com/2009/03/how-north-dakotas-banking-system-could.html

And here is a report on the Utah Monetary Declaration, another attempt to break away from slavery to the Fed:

http://beforeitsnews.com/story/1168/277/States_to_Financially_Break_Away_from_Federal_Government—Utah_Monetary_Declaration.html

Finally, let me point out something that is absolutely key:

As I have said before, the Oligarchy (Ruling Class) has been able to successfully manipulate the people by cleverly dividing us into two main camps, each with its own vested interests, created by politicians to divert attention from the wizard behind the curtain.

The Republicans created a paradigm to counter the establishment of bank regulations by falsely stating that the banks were part of the free market system and needed “freedom” to operate. If that were actually true, then they would be right, but it was a big lie. As Reagan discovered when he tried deregulation, the banks are guaranteed to a large extent by the Federal government, so they are in some ways immune to failure. That is, a deregulated bank can destroy itself by issuing bad loans, but the government is there to pick up the pieces – by insuring clients at tax payers’ expense. In the Savings and Loans scandal, Reagan had forgotten that fact. He portrayed banks as free market capitalists when in fact they were part of a Private Public Partnership (PPP). So when banks went kaplooey, we the tax payers paid the bill.

So Republicans hate regulations due to a misperception of banks as carriers of sacred capitalism.

On the other hand, Democrats oppose regulations too because they want banks to finance their socialist schemes and this can be best accomplished by unregulated banks in the hands of ideologues dedicated to wealth redistribution – with the proviso that the ideologue bankers get rich implementing it.

By creating and tending these two narratives, the oligarchs have been able to maintain their grip on our finances and money supply.

But now it appears both right and left may be waking up. The treachery isn’t so hard to see now that so many are out of work and people see the huge national debt that will never be paid down.

It was a Democrat president, Andrew Jackson, who broke the backs of the banks, after banking oligarch  Nicholas Biddle brazenly threatened to cause a depression, and then did so, showing that the banks would not shrink from deliberately harming the public to get their way – something they have never ceased doing, acting as a shadow government in the so-called Land of the “Free,” and ultimately bringing down the world economy with the cooperation of both political parties in America and of the EU.

Now, ironically, many Americans who really care about the poor and middle class – beyond mere lip service – are aligned with the Tea Party, and their ideas square perfectly with Democrat Andy Jackson’s. Yet thanks to a strong cognitive dissonance syndrome induced by powerful propaganda efforts, Democrat voters have been trained to shun this group. But, equally ironically, many Democrats support the Occupy Wall Street movement, which is based in part on the proposition of freeing the people from the oligarchs (though with the focus, for example, on race instead of the proposition that all Americans are targeted equally by the Ruling Class).

Thus, in their respective ways, both sides seem to have glimpsed a common enemy, and the old taboos against controlling the banks — taboos on the left and differently-motivated ones on the right — are starting to crack.

If the light should ever go on in the minds of We the People of both parties – and there is no reason to assume it can’t, regardless of the propaganda efforts of both sides of Tyranny – then it will be the bankers’ turn to be afraid.

They will have nowhere to hide.

 

Further reading:

http://www.opednews.com/articles/2/This-Financial-Mess–Caus-by-Mike-Kirchubel-081227-842.html

“The president of the Second Bank, Nicholas Biddle, was quite candid about the power and intention of the bank when he openly threatened to cause a depression if the bank was not re-chartered.”

Global elite mum on economic analysis in Europe, US

Don Hank

There is a worldwide effort to cover up the truth about the causes of the economic crisis (one main one being bad loans made deliberately and then disguised by bundling into “derivatives” for resale).

A column by Steph Jasky at FedUpUSA shows just how completely some lending institutions ignored their own lending rules and common sense.

Here is a tip of the iceberg example.

This quote is a bombshell:

Ambac found that 97 percent of 6,533 loans it reviewed across 12 securitizations sponsored by Countrywide didn’t conform to the lender’s underwriting guidelines

 Steph Jasky is one of the few reporting this kind of information. One reason for the silence is that such analyses seem a bit technical to many of us. But the main reason is that the mainstream — and even much of the “conservative” media — are ignoring it. After all, GW Bush participated by urging banks to issue no-downpayment loans. (He didn’t do this because he was conservative. He did it because he was not conservative and because he believed in the Global Elite’s wealth redistribution program).

Recently, a conference featuring top economic experts and a few knowledgeable others (like dissident EU Parliament Member Nigel Farage) was held in Germany. Even without any publicity from the mainstream press, 700 attendees showed up. The general consensus was that the euro should never have been devised and rammed down European throats in the first place and that the chickens were about to come home to roost in the form of a collapse of that currency, despite all the futile attempts to bail it out — or rather in large part because of these attempts to tamper with natural and universally applicable economic laws and common sense.

The only mainstream media rep that showed up was Russia Today, which spent the entire day interviewing at the conference.

How is it that the media both here and in Europe refuse to talk about the causes and possible cures of the worst economic crisis since the Great Depression?

The non-conspiracy theorists insist this amazing concurrence of non-coverage throughout the West — and the concurrence of abysmal banking procedures on both sides of the Atlantic — is simply a coincidence.

Whatever the case may be, it is time to educate the public and throw out ALL politicians who voted for bailouts and phony “stimulus” packages in the most gargantuan transfer of wealth from the poor and middle class to the rich in world history.

It is no wonder that the gap between rich and poor widened last year.

It widened not because capitalism failed but because capitalism is being supplanted by Public-Private Enterprises and government pressure on business and finance to sponsor wealth redistribution schemes.

Barney Frank is the new face of “capitalism.”

On the other hand, the news cover-ups are not working as well as they used to. In the US, we have talk radio and Glenn Beck pummeling the Ruling Class very hard on a nearly daily basis and gradually changing America’s mind. As for Europe, there is anger spilling out everywhere over the bailouts.

The below email I received from a European friend recently illustrates that the grassroots are about to rebel. A friend reminded me that most of the protests reported below were instigated by unions and that would make them left of center. No doubt that is true. However, whether they realize it or not, the protesters are highlighting the main point: The bailouts of the euro and the bankers with shoddy lending practices that have marked the European response to the worldwide crisis (and I need to add: the US response as well) were a sign of profound corruption and gross abuse of the trust the people had invested in their leadership. The ensuing breach between elite and grassroots is profound and quite likely irreparable. And the bottom line is that, even if this is a case of one leftist group playing against another, the group in power, the Global Elite, is now on the losing end in terms of popular support.

Whether the people will ever figure out that the loss of economic freedom and big government were the real culprits, and not, for example, the lack of care from the nanny state, remains to be seen. But the elite are taking a thrashing, and that, at the very least, is interesting to watch.

Just a few of the many protests and demonstrations across the EU state over the past few weeks……..

Spain. Some of the latest protests against the Spanish government’s planned spending cuts turned violent.

In Madrid, police said that some 40 people had been arrested since the strike began in the early hours of Wednesday morning.

In Barcelona, demonstrators hurled objects at security forces and set fire to a police vehicle.

Meanwhile, protesters in Valencia tried to storm a government building. Several were injured in the clashes.

Ministers say the austerity measures are necessary to boost an economy where 20 percent of the workforce is currently unemployed.  Unions countered that ordinary people are being made to pick up the tab for mistakes made by bankers and traders   Scuffles break out during Spanish protests 

           http://www.euronews.net/nocomment/2010/09/30/spanish-general-strike/

Brussels was the scene of one of the biggest demonstrations against government austerity measures.

Tens of thousands of people marched through the Belgian capital to protest against plans unions say will slow economic recovery and punish the poor.

“They are pitting people against each other by relocating businesses to increase profit margins instead of improving conditions. It is scandalous and people have had enough,” said one CGT union member.

Similar sentiments were shared by demonstrators taking part in marches in ten other capitals across Europe.

Police in Brussels say more than 200 people were arrested for minor offences.

Copyright © 2010 euronews

Tags: Demonstration, Europe, Trade unions

Romanian workers protest over austerity measures – nocomment

About five-thousand Romanian workers protested against austerity measures taken by the government to trim the budget deficit during a deep recession. 29/09/2010

Greek truckers pursue protests as strike spreads

Greece has had several days of action since the government cut deep into workers allowances, but Wednesday saw one of the largest protests.   State hospital… 29/09/2010

Social discontent grows across Europe

Europeans are coming out onto the streets in their millions as governments consider legislation aimed at reducing their budget deficits. In France, it is… 24/09/2010

Czech civil servants storm government office

Public sector workers in the Czech Republic on Tuesday stormed the country’s interior ministry during a protest against planned pay cuts. Some 30,000… 21/09/2010

Polish unions join protests over budget cuts

Wet and windy weather did nothing to deter Poles from demonstrating against their government’s belt-tightening measures. Marching under the motto “No to… 29/09/2010

Germany;  Plans to fell 300 trees to make way for the german city’s multi-billion euro rail infrastructure project ended in clashes between police and demonstrators. “This is to teach people a lesson, namely that they have no valid comment to make. The German police have never behaved like this before.” was the reaction of one protestor. There are claims the police used excessive force to quell the protest.

“We are peaceful, what are you?” chanted the crowd. Water cannon and tear gas were used. The authorities say some protesters threw stones at the police. But their actions were in vain as the trees began to tumble as night fell. “I think the trees were felled to show us that there can be no going back. It was meant to demoralise us but I don’t think they will succeed.” said another protestor. The protests have now grown into a national issue. Latest polls suggest that, for the first time in decades, Chancellor Angela Merkel’s conservatives could lose their majority in the state’s upcoming elections as a result…………….

Thousands march over Merkel’s nuclear policy

Tens of thousands of protesters have taken to the streets of Berlin to say ‘no’ to Angela Merkel’s nuclear energy policy. They are angry at plans to extend… 18/09/2010

Obama headed for Constitutional crisis?

The Obama administration has slapped a new moratorium on offshore drilling.

What part of the Supreme Court decision deferring such a ban doesn’t the Obama administration understand?

Wait, the lawsuit against Arizona proves Obama doesn’t like the way the founders set up our government, with states having rights not assigned to the feds. So apparently he doesn’t acknowledge the Supreme Court when it opposes His Majesty either.

Here’s the thing about offshore drilling we often ignore:

Like any enterprise that affects the environment, it can be dangerous in the hands of a madman. For example, suppose we had a president who refused the assistance of a foreign government that wanted to help clean up an oil spill.

Wow! That would be crazy, wouldn’t it? What with all those birds and fish out there turning black.

Oh, wait, that would be the Obama administration, which waited 1.5 months to accept a

Dutch offer for skimmers that could have removed all of the oil from the surface of the Gulf by now instead of criminally dispersing toxic oil in the water as was done by BP with Washington’s nod.

Now what happens if another government, as gutsy as the Dutch, decides to sue us for endangering the world’s oceans?

We could see that happen if they decide to stop worshipping the Messiah and doing what’s right?

Far-fetched?

Remember, Obama is odd man out in the world today. He was the only member of the G8 and G20 summits who refused to renounce the proposition of further bailouts for rich bankers.

Anything is possible, folks. Don’t be surprised.

The Dutch drew the world’s attention to the insanity in the Gulf. Who will be next to blow Obama’s whistle? Or maybe crank the heat up a notch.

Poll shows one-quarter of world disenchanted with capitalism

BBC survey shows world disenchanted with capitalism

By Don Hank

Soon after last year’s disastrous bank crash, liberals and RINOs were quick to infer, from evidence to which only they seemed to be privy, that the capitalist system was flawed and needed regulation. Even conservatives seemed confused. Oddly, no one could come up with a uniform regulation design that would fix things or prevent such a crash. Something didn’t seem right about their take on the causes.

Not long after that, conservative pundits made an amazing revelation: Starting in the Clinton administration, an old banking law, the Community Reinvestment Act, passed under Carter for the purpose of channeling mortgages to the poor, had been strengthened. As a result, banks had been strong-armed into issuing mortgages to “underserved groups” meaning Hispanics and African Americans. Those that refused were harassed by radical groups like ACORN and/or blacklisted and/or sued by the government. Those that complied were given the highest marks and put into enviable positions from which they could make more money. The shrewdest lenders realized that this was a government-supported racket with which they could enrich themselves at little risk, as long as Fanny and Freddy were willing to back up their seemingly foolhardy lending policies. So they continued the game, and even lenders not subject to the CRA were soon cashing in, realizing that the government actually wanted them to play Russian roulette with public funds. Even when the inevitable crash came, they thought they were protected. Indeed many did get bailouts, but because of the innovative banking practice of bundling, or derivatizing, these mortgages, and then securitizing them – selling them as “securities” like stocks, bonds and mutual funds, the risk was actually multiplied to the point that even the bailouts were no longer a safeguard, because, surprise, even the US government isn’t too big to fail. The banking world on both sides of the pond, moving in lockstep like lemmings, sold and bought such “securities,” many made in the USA but also many homegrown ones, and a global disaster ensued that you are now witnessing, perhaps in person.

I know that many of you are aware of this background of the crash, but there is a whole industry devoted to telling you that this historical fact, authenticated by responsible, sober economists like Thomas Sowell, never happened. This disinformation campaign, supported by the mainstream media and universities, is overwhelming in both its magnitude and its absurdity.

I discovered this firewall of lies and distortions serendipitously while looking for articles on the issue. I had not read or heard anything lately on the causes and had also heard a Keynesian investment advisor on the radio boldly proclaiming that the capitalist system needs regulation to prevent such a crisis from recurring. Over a year ago, Sean Hannity had tried to tackle this issue, but I noticed that his grasp of the facts was a bit slippery. Later, the rest of the pundits also just dropped the ball. In retrospect, it is easy to see why. People are lazy by nature. There are a lot of esoteric concepts and language in this issue and it takes a bit of study. And after all, what’s it matter? We are only talking about your survival (please excuse the sarcasm).

To get to the bottom of this, I typed “cra causes bank crisis” in my search engine and found, compared to the legitimate articles plausibly describing the role of the CRA and government meddling in mortgages, about 20 times more articles either downplaying the role of the CRA and Fanny-Freddy and the strong-arming of banks or actually bold-facedly declaring that the CRA had absolutely nothing to do with the crisis. The gist of each one: capitalism can’t sustain itself without government regulation. We desperately need socialism under a scheme of global governance. Quick, give up your sovereignty and pledge allegiance to the UN before we all die. The truth is that government over-regulation of a toxic kind had threatened the world’s economy and those who were responsible for this outrage were self-righteously preaching to the rest of us that we were somehow the culprits and would now have to submit to their tyranny.

This is the time for conservative pundits to fly into action and defeat this insidious disinformation campaign. It is not new information that is needed, but someone must look at all the rubbish that is being written and start debunking it, because these government induced toxic loans are still ongoing. Right now the FHA has taken over the role of Fanny-Freddy in backing them and is starting to suggest that they too need a bailout. Nothing has changed. The actors are just shifting roles. We are not supposed to pull out of the crisis. It is just going to get worse — with “stimulus” money.

And that will be more evidence that the free market system “needs government control,” quick, before anyone has time to study the issues and recognize what actually hit them.

With the mainstream media and America’s – and Europe’s – professional pseudo-intelligentsia working overtime to show that global capitalism has self-destructed and that the story of the big-bad CRA and of Fanny-Freddy being the fox in the hen house are all part of a vast right-wing conspiracy, it is no wonder that the entire world is tilting to the Left in its thinking on so-called capitalism. As BBC reports (not without a certain unmistakable Schadenfreude), almost a quarter of people surveyed throughout the entire world are now saying that capitalism is fatally flawed.

Yet when you look at these statistics, you see that Americans are among the least deceived. BBC states: “In only two countries, the US and Pakistan, did more than one in five people feel that capitalism works well as it stands.”

I believe this is due to at least 3 phenomena:

1—Americans are smarter than the rest, including the BBC, because they have the commons sense to support the free market,

2–We have pundits like Rush, Savage, Farah, Beck and a whole slew of small but mighty web sites out there, like Laigle’s Forum, unspinning the spin and setting people straight.

But there’s also this I’m afraid:

2—Many Americans haven’t figured out that capitalism is no longer in place here. Many years ago they watched sanguinely as their government propped up a failing Chrysler, naively believing that the government was actually “saving” capitalism and the free market.

What was actually happening was that the stage was being set (BY BOTH PARTIES!) for Obama to come along decades later and deal the free market what was calculated to be its death blow.

There were other steps along the way to what is now being called alternately fascism, corporatism and even communism. Pick your –ism, but don’t call it capitalism, because Adam Smith would not see his ideal embodied in what we call big business in the West today.

Afterword: A reader emailed me that it was good news that 3/4 of the world still believe in capitalism. But if you go to the BBC article linked above, you see that of the 3/4 who still have not given up on capitalism, the majority by far believe the propaganda. They choose the option that capitalism “Has problems that can be addressed through regulation and reform.” A European Christian friend writes that neither capitalism nor communism are good — a conclusion that leaves socialism as the default system. If we lose this one, there will be no powerful conservative in the USA to say “tear down that wall.”

For Christians who think socialism is part of Jesus’ plan, please read the following article:

http://laiglesforum.com/2006/12/11/the-religious-left-in-bible-times-part-1/

Are conservatives seeing the Keynesian light?

There is now talk of Keynesian economics – in reverent tones, on both sides of the aisle. As a quick review, John Maynard Keynes is the Big Government economist who said that even if the government paid people to dig ditches and fill them back up again, that would stimulate the economy. Obama – along with Bush, McCain and many others who voted for the bank bailout – seems to believe this.

Thus the Left is propagating the story that FDR’s initial attempts to stem the Great Depression failed not because he spent tax money but because he didn’t spend enough. They point to the way WWII stimulated the economy.

What they forget is that back then

1 – America was a huge manufacturing engine. The war primed this engine.

2 – America was on the gold standard. Money spent to stimulate it was real, not the play money we use today

The mainstream media, enamored of Big Government, are saturated with stories about how conservatives are leaving the GOP for the Democratic Party. The narrative is that, now that Bush and McCain have gone down in flames, one-time conservatives have seen the failure of conservative principles, have seen the light and are drifting leftward in droves. Capitalism needs “change.” Pro-life ideas need “change.” And change is spelled: d-e-s-t-r-o-y.

I just got done gagging on one article written in this vein. My response to the author is below.

 

Hello Mike,

Re. your article mjoseph@centredaily.com

You make some good points, but you missed the main story:

Bush did not fail because he was too conservative. He failed because he was too far left.

Look at the evidence:

— overtures toward global governance (SPP, Mexican truck highway, acquiescence on climate control)

— open borders

— attempt to massively pardon invading lawbreakers

— harsh sentence for border patrol agents who fired at fleeing drug dealer, use of this drug dealer’s testimony (with immunity) to convict the agents

— no real advances in the pro-life agenda, with abortion proceeding unabated

— majority of Syrian Christians forced to flee Iraq and now living in Sweden, their churches burned to the ground (they were safer under Saddam!)

— support for creation of a Muslim state in Europe (Kosovo)

— treatment of the far-left Lula in Brazil as a moderate

— support for a trillion dollar bailout bill with no strings attached to the giveaway

— faith-based initiatives providing a means for the State to control major aspects of church policy

— No Child Left Behind greatly expands government, further reverses Constitutional role of the states in education

— acquiescence to the Left’s agenda to strong-arm banks into lending under no-down payment, no-doc policies under the CRA, as aided by ACORN (I have a copy of Bush’s HUD site’s page touting his “Zero-Downpayment Initiative”)

Economically, Bush was a Big Government Republican like Herbert Hoover. The mistakes of this left-leaning politician posing as a conservative have misled some gullible people to believe that conservatism is not viable.

The thing that is not viable, and may never be viable, is the GOP. Their election of moderate Michael Steele as the RNC chair shows they just aren’t smart enough to win any more.

The real story for you to cover is Republicans fleeing to the American Independent Party.

Best,

Don Hank

Editor in Chief

http://laiglesforum.com

Shifting the blame from Left to greed

Blaming greed for failed leftist policies

Donald Hank

The Pope has said, over the Christmas holiday, that the world must overcome greed to get through the current economic crisis.

With all due respect for the Pope, whose stance on social issues are to be applauded, both Protestantism and Catholicism, while blaming greed, have failed to grasp the nature of the Left and its role in crises such as the financial and economic crises gripping the world.

The CRA (Community Reinvestment Act, passed under Jimmy Carter) and the way it was enforced, including the role of ACORN, played a major role in bringing down the banks. Generally, the trend to lend money, particularly mortgages, to people with no down payment and even without proof of employment, goes against all common sense and good banking practice, which has been in place since the beginning of time and throughout the world, and has proved disastrous. And yet so many are in denial, even to the utterly absurd point of casting all the blame on conservative policies and seeing the Democrats as being more economically astute and hence capable of pulling us out of the current crisis of their own making — sort of like Clinton “reforming” the failed welfare created by his party. Anyone paying attention in the years since 1995, when Clinton ordered the banks to lend a trillion dollars to “underserved communities,” would have been able to foresee this collapse. Some actually did, including a New York Times writer in 1999.

I suppose it could be argued that the Left, in its own way, represents greed, but it is probably more appropriate to call it ideologically motivated rather than greedy. Ideological motivation, rather than common sense, has caused the greatest destruction known to man — under Stalin, Mao, Pol Pot, etc.

None of these men’s political actions were greed-motivated in the accepted sense of the word. In their decisions that led to the murder and starvation of millions, they were, however, blinded by leftist utopian (revolutionary) ideology — a desire for a better world, for change, and ironically, for a world with less greed.

Ideology killed 100 million innocent people in the last century (see “The Black Book of Communism by Stephane Courtois). No other factor, including greed, has ever done anywhere near that much harm.

The most confused man on the planet

Bailout based on phony “crisis”

Commentary by Donald Hank

I had reported before the first bailout vote that I had called my own bank and asked if I could still get a home-equity loan in the amount of about $50,000.

The loan officer, with just a glance at my records, was able to ok that.

I asked him why they were able to do this at a time when everyone was talking about a credit crunch. He said it was because this bank (PNC) had always been careful whom it gave loans to.

Now an independent analysis shows the whole “crisis” may have been manufactured — or at least blown way out of proportion — by government. Whatever the case may be, it resulted in the election of Barack Obama, whom a majority of voters said they “trusted” to restore the economy — even though it was clear his own party had contributed mightily to the weakening of banks.

Now, the international research and consulting firm Celent, has presented an analysis suggesting the whole “crisis” is bogus.  Independent analyst Cliff Kincaid reports:

“Using charts and graphs of data from the Federal Reserve and other agencies, the Celent study says that statements from Paulson and Bernanke about a “credit crisis” affecting businesses, real estate, banks, and state and local governments were just not true.”

 

Madoff gave huge support to the Left

What a surprise.

While the Left constantly accuses conservative capitalists of being greedy, the world’s biggest rip-off artist of all time (aside from the Social Security Administration) has given almost a third of a million to far-left political candidates and the abortion industry, displaying a clear-cut sympathy for the Left and their vision for America.

America has seen a veritable parade of leftists (both RINOs and Democrats) committing crimes (Blagojevich is only the latest example) but so far shows not a glimmer of understanding that Leftism goes hand in hand with deviant, anti-social behavior, blithely voting for the Left and even believing – on Lord knows what basis – that the Left has the answer to our economic woes.

Read about it here.

 

GW Bush’s “Christian” globalism-socialism gobbledygook

George W. Bush could well be the most confused man on the planet. He calls himself a conservative but never saw a socialist give-away program he didn’t like. Unlike other conservatives, he seems to see the Constitution as more of an obstacle than a boon to his vision for America. He clearly opposes sovereignty for the US and has taken us to the brink of an EU type supranational government, greatly facilitating Obama’s job.

Speaking of the bailouts, President Bush has said that he must go against his free-market principles to save the free market. Even after the banking crisis broke, his HUD web site called for a “Zero Down Payment Initiative” that would have forced banks to require no down payment for loans.

It is becoming abundantly clear that, at the rate government is jettisoning principles, we will soon have no free market left. The government now owns a significant share of banking interests and is greedily eyeing our auto industry. You the taxpayer are a silent – or rather muzzled – shareholder.

Many can’t decide if Bush is a socialist or if he is really naïve. But if he is really that naïve, then he possibly belongs in the Guinness Book of World Records!

Personally, having heard Bush speak, I believe he has a grossly distorted idea of Christianity and thinks that the US government must be kind to the enemies of our people (all but the man who threatened his father), treating them as we would ourselves but treating ourselves like slaves and letting our enemies abuse us. Mainstream “Christianity,” which is little more than a tool of the Left, teaches that nationalism is an evil. This teaching fits nicely with Bush’s notions of globalism (which he inherited from his father), melded with his naïve and distorted “Christian” socialism (a misinterpretation of Biblical precepts concerning the poor), his open-border, pro-amnesty policies and his receptiveness to supranational government. His fairly plain Christian views on abortion and family make him palatable to the Christian “right,” which has no understanding of the Left and their intentions. This group, which talks suspiciously like the “Christian” Left, has shown a dangerous willingness to coexist with socialism and global governance that is, as we speak, resulting in their own irrelevance in world politics.

If my theory is correct, Bush has zero understanding of the Left, which laughs at people like him.

But his policies are no laughing matter.

America in full suicide mode

America in full suicide mode

Before Treasury Secretary Henry Paulson asked for almost $1 trillion to bail out rich bankers, and then got both parties to cow down to his demand, I would have thought the following article by John Wallace might be an exaggeration. But not any more. It is a missing piece in the puzzle.

It is your patriotic duty to read John Wallace’s article “The Council on Foreign Relations and Tack’s Tackle Shop,” but accompany it with Cliff Kincaid’s article “Wall Street and the rise of Obama.”

BTW, there is a rumor that Henry Paulson is not done with you yet. He may be wanting another $800 billion of your money. You don’t mind, do you? The first bailout was a bargain at only $17,000 per person (some estimates are higher). Bailouts! Get em while they’re hot!

Why do I now firmly believe in the world banker-CFR conspiracy that once seemed too outlandish even for a work of fiction?

Because, as Wallace’s article shows, these richies and world-governance fanatics have been working feverishly in both parties and having their way with them, openly and obviously, for many years for the purpose of destroying our country. A while back I wrote a column for Laigle’s Forum alerting that Mike Huckabee, the darling of the evangelical right, had chosen Richard Haass, President of the CFR, as his potential secretary of state. Haass had written an article saying that we need to “rethink sovereignty.” That fits the picture very nicely. The bankers and social engineers who control us need a central government to finish the job of killing your patriotism (England is only a few years ahead of us: people are getting arrested for flying the Union Jack in Muslim neighborhoods). It is very uncomfortable for them to have to deal with so many splintered governments. Sovereignty is just in the way and must be shipped off like an old parent to a nursing home. They have gotten their wish in Europe. The whole turkey is on the table there, ready to carve. But they need the NAU and the Amero. Clues abound: The secretive three way conference Bush attended a few years ago, the Mexican truck highway, open borders, amnesty for 20 million illegal aliens, and the elephant in the room: complete silence on immigration by the media and the presidential campaign (McCain was one of the amnesty deal makers last time around). And now, the bailout, the totally useless bailout that can’t budge the stock market. And finally, the absence of any new policy on banking, even though the old policy of putting social justice ahead of good banking practice was suicidal. Oh, and I almost forgot: America elected as its president one of the chief actors in enforcing the banking policy that destroyed the banks, throwing the blame on the free market that gave us the banks in the first place.

Did any of you notice that yesterday on CNN, when a desperate-looking Henry Paulsen was presenting his idea to bail out Citigroup on the pretext that credit was hard to obtain, one of the sponsors was a credit company offering low-interest credit to the viewers? At that very moment, my junk mail box was full of offers for cheap credit and low-interest credit cards, and my wife and I get a ton of junk mail every week offering us low-interest or zero-interest credit. My bank admitted they will give me all the credit I want because I pay back my loans. So what credit crisis?

Can anyone guess what the government is really talking about when they warn of a credit pinch? Why, it is really easy to figure that one out if you consider the socialist Zeitgeist: they mean that if you don’t bail out the banks, they will no longer be able to lend money to those poor unfortunate people who want to buy things they can’t afford and who, until just recently, couldn’t get credit because they were a bad credit risk, spent money like a drunken sailor, reneged on their debts and will continue to renege on their debts until the American tax payer turns blue and gasps his last. Irresponsible people need shiny Christmas presents too, and if they don’t get them this year, why, Christmas may just become extinct. Shysters in Washington, the media, and the “Christian” Left (which now means mainstream evangelicalism) have conned you into believing that banks must serve, first and foremost, a “social purpose,” and then do sound banking if there is any time left for it. But good banking practice and safety are off the table now, just as border safety and immigration enforcement have been off the table for years. We are staring down the barrel of a deadly Revolution in the form of a tectonic plate shift that has taken us far out into the ocean and most of us still think we are in America. Friends, look behind you and wave goodbye. That vanishing dot on the horizon was your country!

The banks now are hell-bent on lending to the irresponsible much in the way an evil perverted fool would offer booze to a recovering alcoholic. And the pubic bought into the notion of bailing out everyone but the tax payer. We hardworking, longsuffering, decent responsible people – the few who are left – are now forced at gunpoint to sacrifice our happiness, our safety and our future, and that of our children, for a bunch of lazy, spoiled-rotten free loaders with an entitlement mentality on steroids.

Friends, America is in suicide mode and no one is paying attention. I fear the worst.

PS: Articles like this never get done writing themselves. I just was alerted to the below-linked article where Lord Sterling says that the Rockefellers are benefitting from the bank crisis. If anyone has any information on this — whether it is true, how they benefitted, etc — I would appreciate your posting it in the comments section appearing under this article. Thanks!

http://www.ukcolumn.org/2008/11/20/cash-for-honours/

Donald Hank

 

THE COUNCIL ON FOREIGN RELATIONS AND TACK’S TACKLE SHOP

by John Wallace

When I was growing up in the Inwood section of upper Manhattan, I remember when I was about 12 or 13 years old I had my first contact with discovering what a “front” was for another business. It was called Tack’s Tackle Shop. When it first opened, it looked like just another business. The guy in the store, Tack, was selling fishing rods, live bait and an array of fishing equipment. It didn’t take long before the kids in the neighborhood figured out that perhaps there was something else going on. The live bait in the window wasn’t alive anymore and local hoods and gangster type people seemed to be going in and out, particularly in the evenings and none of them looked like fishermen. It wasn’t long before the place was raided by the NYCPD and my friends and I all watched from across the street on Sherman Avenue as “Tack” came out in handcuffs along with a bunch of other men. We were later told that Tack’s Tackle Shop had actually been a front for an illegal gambling operation.

A “front group” can be any entity that is set up to appear to be a legitimate independent organization, like Tack’s Tackle Shop, when it is actually controlled from behind the scenes by another organization or group of individuals. These front groups are often legitimate businesses, social or political organizations, professional groups, advocacy groups, research organizations, etc. Organized crime has used legitimate front organizations for many decades to launder their income from various illegal activities. Pharmaceutical companies have used front organizations to advocate for the drugs they manufacture. International terrorist organizations have their front groups here in the United States and as the evidence clearly shows, so do the international bankers.

After researching the formation and activities of the Council on Foreign Relations (CFR) it appears that it may be a very sophisticated version of “Tack’s Tackle Shop.” The CFR was specifically set up to carry out the goals and objectives of international bankers so that the public positions taken by the CFR would appear to be independent positions that could not be directly connected to the international bankers who personally control and fund the CFR. Continue reading

A modern-day Lafayette rallies the troops

A modern-day Lafayette rallies the troops

Fellow Conservatives, forget everything you “know” about the French right now.

Yes, it is true that they have long dabbled in socialism and big government (statism), and their country’s economic policies show it. But likewise, our country’s economic policies show our own flirtation with these disastrous policies. In fact, since the big bailout scam, we are far more socialist than any European country had been heretofore! (Unfortunately, EU countries are catching up quickly, implementing their own bailout schemes).

That is why it is so absolutely refreshing, in fact, invigorating, to read a French author like the Hayek Institute’s Vincent Benard commenting so accurately on the causes of the bank crisis. Mr. Benard “gets it” better than many American conservatives.

In a German-language article dedicated to our German friends, I invited precisely this kind of criticism of American socialist policies from right-thinking Europeans, because, as I and others have pointed out at Laigle’s Forum, it is American socialism that has driven the bank crisis that threatens the very existence of our friends and allies abroad, and voices of protest from European conservatives (BTW, they call themselves “liberals” but the meaning is the opposite of the accepted meaning here) are just as welcome now in this war of ideas as was Lafayette’s valuable support of George Washington’s war efforts.

After all, the enemy is the same:  a government that does not represent the people. And a few good Europeans are volunteering their assistance again.

The article, which follows, is not a translation. Mr. Benard writes in his own words in English this time.

This is the second of his commentaries to appear at Laigle’s Forum. I look forward to reading and posting more of his work and hope that America will soon take note of this gifted writer and thinker.

Donald Hank

  Continue reading