Posts tagged fascism

Aaron Russo’s Last Message to Humanity

0

 

Aaron Russo’s Last Message to Humanity

 

2-15-2014 7-19-14 PM

 

YouTube Preview Image

Published by NextNewsNetwork

Aaron Russo lost his battle with cancer shortly after this video was recorded. It is a lasting message to the people of America who struggle to preserve liberty.
Rest in Peace friend.

###

Aaron Russo shined light on the power of the individual verses the subservience of the controlled masses. #AaronRusso

Related posts with more from Aaron Russo:

America: Freedom to Fascism-Full Length Documentary

Reflections And Warnings – An Interview With Aaron Russo {Full Film}

 

Okay Mr. President, you want to talk about “inequality”? Let’s talk about it.

0

 

Source: http://www.againstcronycapitalism.org

By

Okay Mr. President, you want to talk about “inequality”? Let’s talk about it.

 

SOTU-cc-565x376

 

I woke up this morning to Steve Liesman on CNBC explaining the theme of tonight’s State of the Union Address. You see, since 1980 middle class wages have only gone up only 50% in inflation adjusted terms whereas for the top 1% of earners income has gone up by 210%. Something clearly must be done. How can such a disparity be? This is unfair. Can’t the government “solve” this?

The new narrative which has likely been crafted by John Podesta super crony capitalist extraordinaire, is that Congress (specifically the Republican controlled House) isn’t letting the president address the issue of income inequality.

“It’s those old guys who don’t care about you who are holding back the manna from heaven aka Washington DC. It’s their fault not mine. I’m not incompetent and way out of my league even after 5 years in the White House. Not my fault. It’s the selfish and rich Republicans. They want you to remain poor.”

Rally the base when times are bad is the old political wisdom, and they are very bad for this president. Shore up the folks who will defend you no matter what and change the conversation from Obamacare. Anything but Obamacare.

Given that the ACA is Obama’s chief “achievement” to date this is a particularly sad state of affairs. The president’s “pivot” (the word is right up there with “optics” in my book) toward income inequality is a cynical political move. The White House is desperate to regain at least some momentum in the face of a 2013 which was one failure after another.

But since Mr. Obama seems keen on bringing it up, let’s talk about inequality.

Despite what the establishment #oldmedia always say, the increased income inequality that we see is not the result of the “rich” taking advantage of unfettered markets and then making a mint at the expense of everyone else. Capitalism, free markets, free thinking, entrepreneurship, innovation, is not the problem. Capitalism is in most respects the cure. No, the problem is that business and government have increasingly partnered with one another to make some very rich and to shut out others. It’s too little capitalism which is the problem.

Let’s take a look at the most obvious example, Wall Street.

Has Wall Street reaped the windfall it has over the past 5 years because of the free market, because of capitalism?

Absolutely not. Had the free market been allowed to work in 2008 Goldman Sachs, AIG, Citi, Bank of America, and Morgan Stanley would probably be history. These banks leveraged themselves out too far and got caught exposed. Their greed did them in. Mr Market made a margin call and many “masters of the universe” turned out to have feet of clay after all. The banks should have been allowed to collapse so that better managed banks could fill in the space.

The banks weren’t too big to fail. They could have failed and life would have gone on. ATMs would have kept working. The sun would have still risen in the east. The economy after a period of adjustment would have righted itself and emerged much healthier for having jettisoned the poorly managed firms. Lloyd Blankfein would have been out of a job, but he’d have survived somehow in the Hamptons.

But that isn’t what happened as we know. The managers of these institutions knew how to manipulate the levers of power. They were able to engineer a massive bailout, which started at $700 billion and just grew from there. In the years after the bailout bonuses were paid out at the big banks with abandon. These bonuses were for the most part paid for by the American taxpayer. No wonder people are angry.

But the bailouts weren’t capitalism. The bonuses which were paid to Jamie Dimon and friends weren’t a result of “free markets.” They weren’t the just rewards of building a better mousetrap, or even building a better derivative algorithm. They were the result of crony capitalism, a soft form of fascism, which is of course a form of socialism. The bankers made millions because the state redistributed the income of everyday Americans and gave it to Wall Street.

Or take for example the sell off of the taxpayer’s (forced) position in GM at a loss last year. In addition to losing $10 billion on the deal for the taxpayers, the deal done by Treasury unleashes the executives which so long as money was still owed to the taxpayer couldn’t go nuts with executive compensation. Now, after the $10 billion taxpayer loss they and the GM board are free to do as they wish in the pay department.

Or what about the huge percentage of so called “green” energy initiative grants and loans which went to politically connected people in 2009. Folks made millions, in wind, solar, algae, and who knows what else, all again courtesy of the US tax payer. Almost none of the ventures were economically viable. But lots of people got paid that is for sure.

There are probably thousands of other examples over the last 10 years or so (and many more going back way before the past decade,) ranging from war profiteering of all sorts, to cronyism in the new healthcare law, to draconian copyright laws which are a subsidy to Hollywood, to, well, there are many other examples which we have chronicled at Against Crony Capitalism.

So we shouldn’t be surprised that there is so much income inequality. Business and government in this country have partnered up. Sometimes the government has the upper hand. Sometimes business does. But both parties engage in the crony capitalism waltz to enrich themselves, to the exclusion of a large part of the American population.

And at the heart of it all, is the Federal Reserve.

Nothing creates illegitimate inequality (there is legitimate income inequality which exists in a free price system) like the Federal Reserve.

0% interest rates are for the most part pretty good for rich people. Money which is super cheap can be used to speculate and invest at almost no cost. In theory such low rates are also good for home buyers. Low rates keep monthly payments lower. More people buying homes (with lower payments) spurs the economy and then the economy roars back to life as we all buy Sub Zero freezers and SUVs. This was the logic behind the housing boom in the mid 2000s and it is the same logic the Fed is using now (with less success.)

But 0% rates also means that savers are hung out to dry. The prudent middle class is hammered. Those who have a nice nest egg built up over a lifetime of hard work and thrift find that unless they take on significant risk there is no return for their money. $500,000 in a CD not so long ago yielded an yearly payout of $25,000. Now because of the Fed keeping money cheap artificially that same $500,000 might yield $5,000 on an annualized basis if one is lucky.

Over time granny finds that $5000 per year isn’t enough to get by on even though her house is paid off. She finds she must dip into her nest egg a little more each year, which also in turn lowers her already modest yield. Soon the nest egg is gone.

Of course she can always seek increased yield in other places like the stock market, (which though they won’t say it is exactly where the Fed wants granny to put her money) but widows and orphans really have no business there. It’s bad enough for granny to lose her pool of wealth over years. Losing much of it in an afternoon is tougher to take. But that is what our current monetary policy encourages.

Not so long ago granny could keep up. She could beat inflation and pay her living expenses. When she died her wealth was passed on to the next generation.

But now, thanks to the Fed and it’s policies which benefit the hedge fund guys instead of the average saver it is unlikely that much of granny’s wealth will be passed on. Wealth has been pulled from the middle class.

“Inequality” has been exacerbated by a government which is too large. The only way to get the economy on track is to lessen the footprint of government. Free prices. Free markets. Let people create. Make it easier to start businesses

But tonight Obama is unlikely to talk about how after years and years of failure government must now get out of the way. (Boy how great would that be?) Or how government sponsored public/private partnerships steal money from the average American. Or how the government enabled the biggest bonus binge Wall Street has ever seen. Or how granny is getting clobbered because of loose monetary policy.

No, my bet is that he will talk about how the economy has worked for the “rich” while others have fallen behind. But he won’t call for freer markets and an end to price fixing at the Federal Reserve. He will instead insist that government “do something.” What that something is I’m not sure but the term “shovel ready” will likely make an appearance tonight along with its old buddy “infrastructure improvement.”

The president will probably wag his finger at the House GOP a bit and threaten to use executive actions to go around them. He’ll try to look like he means business.

Obama will also talk about the need to raise the minimum wage, which is basically economic suicide but makes for good sound bites. He will give hope to people who are hurting but who unfortunately may not understand that if the minimum wage is raised they may soon be out of a job.

In short Obama will be long on proposals, long on rhetoric, but woefully short on understanding. Pretty much the to story of his presidency.

Image credit: http://www.againstcronycapitalism.org


Nick Sorrentino
About Nick Sorrentino

Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant with clients across the political spectrum, he lives just outside of Washington DC where he can keep an eye on Leviathan.

 

 

Mussolini’s Idea of the State and Its American Defenders

0

 

Source: https://mises.org

By

Mussolini’s Idea of the State and Its American Defenders

 

6645All social theory can be reduced to two categories: those that conceive of society as the result of peace, and those for which the indispensable ingredient is violence. This is the fundamental distinction between liberalism and fascism, a point I discuss further in a book I released earlier this year called Fascism vs. Capitalism.

There is some confusion surrounding terms here. When Ludwig von Mises published his book Liberalism in English translation, he changed the title to The Free and Prosperous Commonwealth. He did so because by the latter half of the twentieth century, the word “liberal” no longer carried the meaning it once had. It had come to mean centralization, the welfare state, and a substantial government presence in economic and social life.

The liberalism I have in mind, of course, is not the modern liberalism of Barack Obama and Hillary Clinton, but the classical liberalism of Thomas Jefferson and Frédéric Bastiat. Classical liberalism, by contrast, believed in free markets, free trade, toleration, and civil liberties.

It represented a movement toward a theory of society in which human cooperation emerged spontaneously and without coercion, by means of the natural processes of the market economy. It recognized that society seemed to manage itself without the involvement of extraneous forces like kings, aristocracies, or parliaments, and that the intervention of those forces was more likely aimed at the enrichment of a favored group or of the state itself than of at the well-being of society at large.

The price system, a spontaneous product of the free-market economy, helped entrepreneurs arrange the factors of production in such a way as to produce those outputs most highly valued by society, and to produce them in a way that was least costly in terms of opportunities foregone. Individuals specialized in those areas in which they had the greatest skill or knowledge, and the resulting division of labor meant a vastly greater output of consumer goods for everyone to enjoy. None of this required the intervention of the state.

For the classical liberal, the state was almost an afterthought. Some would have it provide a few basic services, while others conceived of it as nothing more than a night watchman. Beginning with Gustave de Molinari, the classical-liberal tradition even groped toward the possibility that the state was a dangerous, parasitical, and ultimately unnecessary monopoly.

And, of course, it was against a backdrop of peace that the classical liberal described the progress of mankind.

Fascists looked at society and the state quite differently. The prosaic bourgeois virtues of commerce, of producing, trading, and earning profit, are viewed with contempt next to the code of the warrior, which is what the fascist truly respects. Greatness comes not through the ordinary pursuits of the market or the obedience to the duties of one’s state in life, but through struggle.

It is Benito Mussolini’s famous remark — “Everything for the state, nothing outside the state, nothing above the state” — that truly sums up the essence of fascism. The good of the Nation, as defined by the fascist leader, surpasses all other concerns and allegiances. The fascist speaks of the Nation with a religious reverence. An Italian fascist youth movement in the 1920s composed the following creed:

I believe in Rome the Eternal, the mother of my country, and in Italy her eldest Daughter, who was born in her virginal bosom by the grace of God; who suffered through the barbarian invasions, was crucified and buried; who descended to the grave and was raised from the dead in the nineteenth century; who ascended into Heaven in her glory in 1918 and 1922; who is seated on the right hand of her mother Rome; and who for this reason shall come to judge the living and the dead. I believe in the genius of Mussolini, in our Holy Father Fascism, in the communion of its martyrs, in the conversion of Italians, and in the resurrection of the Empire.

This devotion to the Nation is concentrated in allegiance to the charismatic leader. The untrammeled exercise of the leader’s will is a central ingredient in the realization of the Nation’s destiny. Moreover, the leader’s will must trump the array of activities that comprise the free market. The various companies, professions, unions, and government must work together with a conscious plan to ensure the best outcome for the Nation. This is why it is so preposterous to hear opponents of the market economy describe libertarians as “fascists.” No one could be more anti-fascist than a libertarian.

Political centralization was also central to fascism, for if the Nation is the embodiment of the people, and if it is through the Nation that every individual realizes his destiny, we cannot tolerate resistance by lesser jurisdictions within the Nation.

To say that there are fascist trends and features in the United States of today is not to say that this country is just like interwar Italy or Germany. There are some features of fascism as traditionally understood that can be found only faintly in American society today, and others than can be found not at all.

But it would be foolish to pretend that America is the very opposite of the fascist dystopias. Whether it’s the emphasis on centralization, the glorification of the police and the military, the yearning for a “third way” between capitalism and socialism, the elevation of “public service” above the services we freely provide one another on the market, the creepy and incessant references to “my president” or “our president,” or the depiction of the state as a quasi-divine instrument, the commonalities are neither trivial nor few.

Americans no doubt recoil from or laugh at that passage from the Italian fascists I shared with you a few moments ago. But few Americans are in a position to render such a judgment. Most have absorbed the idea that their government, far from a merely utilitarian contrivance established to provide them with some basic services, as many early Americans doubtless conceived of it, is a redemptive force in the world.

John Winthrop appropriated a biblical image of the church when he spoke of his settlement of Puritans as resembling a “city on a hill.” By the time Ronald Reagan made that phrase a rhetorical commonplace in American politics, it had been fully secularized. Not the church but the American state would transform mankind as God’s instrument.

Americans, even (or perhaps especially) American Christians, are for that reason not scandalized at politicians’ appropriation of religious language to describe their government. It bothers them not at all to learn that the iconic Abraham Lincoln said “the gates of hell shall not prevail against” American government ideals, or that when George W. Bush said “the light shined in darkness and the darkness did not overcome it,” by “light” he meant American government ideals.

In US history, presidents who avoided war, or who viewed the presidential office modestly and without messianic overtones, are neglected or even denounced by our official historians. You can guess at the views and activities of the presidents favored by the opinion molders. “Beware any politician who is ‘beloved,’” historian Ralph Raico once warned.

The cult of personality surrounding the US president has only grown over the past century, culminating in the creepy videos of schoolchildren pledging allegiance to Barack Obama and the YouTube videos of Hollywood actors promising their eternal loyalty. But some of those who ridiculed these ridiculous displays had themselves been part of the cult of George W. Bush. During the Bush years, Christian neocons made a video about the president set to the tune of Johnny Cash’s classic “When the Man Comes Around.” That song had been written about Jesus Christ. Here are some of the words they set to a video about George W. Bush:

There’s a man goin’ ‘round takin’ names. An’ he decides who to free and who to blame. Everybody won’t be treated all the same. There’ll be a golden ladder reaching down. When the man comes around.

Till Armageddon, no Shalam, no Shalom. Then the father hen will call his chickens home. The wise men will bow down before the throne. And at his feet they’ll cast their golden crown. When the man comes around.

That man, remember, was George W. Bush.

Americans are taught that they owe their freedoms to their government’s military. Whether it’s a country music concert, a sporting event, or even a restaurant chain, Americans are subjected to a ceaseless stream of reminders of what they allegedly owe to this particular class of government employees. (Let’s not forget the popular bumper sticker: “Only two defining forces have ever died for you: Jesus the Christ and the American soldier.”) How exactly their freedoms were threatened in any of the military conflicts in question is one of those impertinent questions one does not ask in polite society.

The propaganda has worked, to some extent at least. When Edward Snowden revealed the extent to which their government was spying on and lying to them, many listeners of right-wing radio demanded not that these activities cease, but that the leaker himself be silenced. The man who had embarrassed their rulers should be tried for treason and executed. I have heard this phenomenon described as a case of society-wide Stockholm Syndrome, and I don’t think that’s far from the mark.

If some of the superstitions of fascism have made their way into American life, it could be because both fascism and whatever it is that America has become share a superstition in common — namely, the state itself. The state has been cloaked in all manner of flattering but obfuscating rhetoric. The state looks after the general welfare, provides economic stability, protects us from the bad guys, prevents inequality, and binds us together in a common cause greater than ourselves.

It’s time we viewed the state for what it really is: a mechanism by which rulers enrich themselves at the expense of the ruled. Everything else is a smokescreen.

 


About the Author

Llewellyn H. Rockwell Jr.

LewRockwell

 

Llewellyn H. Rockwell Jr. is chairman and CEO of the Ludwig von Mises Institute in Auburn, Alabama, editor of LewRockwell.com, and author of Fascism versus Capitalism. Send him mail. See Llewellyn H. Rockwell Jr.’s article archives

 

Image credit: https://mises.org

 

 

The Real Reason Libertarians Aren’t Settling For Conservatism

1

 

Source: http://www.againstcronycapitalism.org

By

The Real Reason Libertarians Aren’t Settling For Conservatism

 

For_A_New_Liberty-cc

It is often assumed by many who do not know better that libertarians are just conservatives who like to smoke pot and really like guns. There is something to this simple minded assessment, but it is very simple minded. Libertarians are for liberty on both the social and the economic front. It is a forward looking ethos. It does not cling to tradition per se, but believes that solutions for society are best found using an uncoerced marketplace of ideas. Sometimes age old traditions are the best solution, sometimes they are not.

Fundamentally libertarians believe that they own their own lives. The government can not lay claim arbitrarily to one’s life or livelihood. A government must earn trust from its citizens in the same way we must earn trust from our neighbors and how companies earn the trust of their customers. The goal is to make society as voluntary as humanly possible.

Where liberals and conservatives see areas of society which demand coercion from the state, the draft, taxes, Obamacare, drug laws, etc, libertarians see none.

Libertarians are also fundamentally opposed to the mixing of state and business, which invariably ends in some form of crony capitalism (the friendliest form of fascism – which is not too friendly).

Libertarianism is the most important movement in American politics today. It might be the most important movement in the world. And we are still in very early days.

(From TownHall.com)
 
Let’s have a look at some numbers of the people who call themselves “libertarian.” A few weeks ago, a think tank called the Public Religion Research Institute released a big data report on those who describe themselves as “libertarian.” There are some big consistencies; for example, 96 percent oppose Obamacare. But what is most striking is that a majority (39 percent) consider themselves “moderates”—not conservatives or liberals.
 
To be sure, this report notes that most libertarians are registered Republicans (45 percent). However, more libertarians are independent (35 percent), third party (15 percent), or Democrats (five percent) when combined. It is a misinterpretation of libertarian values to assume that all would vastly prefer Republican candidates. If we were just looking at party affiliation, Republican libertarians do not represent even half of the libertarian demographic.

Click here for the article.

Image credit: http://www.againstcronycapitalism.org


Nick Sorrentino
About Nick Sorrentino

Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant with clients across the political spectrum, he lives just outside of Washington DC where he can keep an eye on Leviathan.

 

Corporations Push to Overrule National Laws – Secret Treaty

0

Source: http://www.washingtonsblog.com

First Congress Member Allowed to Read Secret Treaty Says “There Is No National Security Purpose In Keeping This Text Secret … This Agreement Hands The Sovereignty of Our Country Over to Corporate Interests”

 

Image sourced from: http://libertycalling.net

 

Corporations Push to Overrule National Laws

We reported last year:

Democratic Senator Wyden – the head of the committee which is supposed to oversee it – is so furious about the lack of access that he has introduced legislation to force disclosure.
 
Republican House Oversight Committee Chairman Darrell Issa is so upset by it that he has leaked a document on his website to show what’s going on.
 
What is everyone so furious about?
 
An international treaty being negotiated in secret which would not only crack down on Internet privacy much more than SOPA or ACTA, but would actually destroy the sovereignty of the U.S. and all other signatories.
 
It is called the Trans-Pacific Partnership (TPP).
 
Wyden is the chairman of the trade committee in the Senate … the committee which is supposed to have jurisdiction over the TPP. Wyden is also on the Senate Intelligence Committee, and so he and his staff have high security clearances and are normally able to look at classified documents.
 
And yet Wyden and his staff have been denied access to the TPP’s text.

Indeed, the decision to keep the text of TPP secret was itself classified as secret:

(I have also received a tip from a credible inside source that TPP contains provisions which would severely harm America’s national security. Specifically, like some previous, ill-conceived treaties, TPP would allow foreign companies to buy sensitive American assets which could subject us to terror attacks or economic blackmail.)

Yesterday, Congressman Alan Grayson (who knows how to read legislation … he was a successful lawyer before he was elected to Congress, and has written and co-sponsored numerous bills himself including the bill to audit the Federal Reserve and – most recently – the “Mind Your Own Business Act” to stop NSA spying) announced that he had been allowed to read the text of TPP – and that it is  an anti-American power grab by big corporations:

Last month, 10,000 of us submitted comments to the United States Trade Representative (USTR), in which we objected to new so-called free trade agreements. We asked that the government not sell out our democracy to corporate interests.
 
Because of this pressure, the USTR  finally let a member of Congress – little ole me, Alan Grayson [anyone who's seen Grayson in action knows that he is formidable] – actually see the text of the Trans-Pacific Partnership (TPP). The TPP is a large, secret trade agreement that is being negotiated with many countries in East Asia and South America.
 
The TPP is nicknamed “NAFTA on steroids.”  Now that I’ve read it, I can see why. I can’t tell you what’s in the agreement, because the U.S. Trade Representative calls it classified. But I can tell you two things about it.
 
1)    There is no national security purpose in keeping this text secret.
 
2)    This agreement hands the sovereignty of our country over to corporate interests.

3)     What they can’t afford to tell the American public is that [the rest of this sentence is classified].
 
***
 
I will be fighting this agreement with everything I’ve got. And I know you’ll be there every step of the way.
 
***
 
Courage,
 
Congressman Alan Grayson

Grayson also noted:

It is ironic in a way that the government thinks it’s alright to have a record of every single call that an American makes, but not alright for an American citizen to know what sovereign powers the government is negotiating away.

***

Having seen what I’ve seen, I would characterize this as a gross abrogation of American sovereignty. And I would further characterize it as a punch in the face to the middle class of America. I think that’s fair to say from what I’ve seen so far. But I’m not allowed to tell you why!

Remember that one of the best definitions of fascism – the one used by Mussolini – is the “merger of state and corporate power”. Our nation has been moving in that direction for a number of years, where government and giant corporations are becoming more and more intertwined in a malignant, symbiotic relationship.   TPP would be the nail in the coffin for free market economics and democracy.

Note to progressives who support public banking: This is a key battle.

Note to those who oppose to what they call “one world government” or a “new world order”: This is the big fight.


Has WWIII already begun? Gerald Celente breaks down the Past, Present, and Future

0
YouTube Preview Image

http://youtu.be/wuKposMraNU

 

Gary Franchi and Next News Network interview Trends forecaster Gerald Celente covering our current condition and future paths.  Topics discussed cover the economy, the power play behind ever expanding wars and the natural resources involved, Wall Street and the government blessing to the “too big to fail” organizations plus the recent gun control moves by the administration and the history behind it all.

Regime Uncertainty: Some Clarifications

0

Source: http://lewrockwell.com

By Robert Higgs

Private investment is the most important driver of economic progress. Entrepreneurs need new structures, equipment, and software to produce new products, to produce existing products at lower cost, and to make use of new technology that requires embodiment in machinery, plant layouts, and other aspects of the existing capital stock. When the rate of private investment declines, the rate of growth of real income per capita slackens, and if private investment drops quickly and substantially, a recession or depression occurs.

Such recession or depression is likely to persist until private investment makes a fairly full recovery. In US history, such recovery usually has occurred within a year or two after the trough. Only twice in the past century has a fairly prompt and full recovery of private investment failed to occur – during the Great Depression and during the past five years.

In analyzing data on investment, we must distinguish gross and net investment: the former includes all spending for new structures, equipment, software, and inventory, including the large part aimed at compensating for the wear, tear, and obsolescence of the existing capital stock; the latter includes the gross expenditure in excess of that required simply to maintain the existing stock. Therefore, net investment is the best measure of the private investment expenditure that contributes to economic growth.

Private investment is the most important driver of economic progress. Entrepreneurs need new structures, equipment, and software to produce new products, to produce existing products at lower cost, and to make use of new technology that requires embodiment in machinery, plant layouts, and other aspects of the existing capital stock. When the rate of private investment declines, the rate of growth of real income per capita slackens, and if private investment drops quickly and substantially, a recession or depression occurs.

As the figure shows, net private domestic fixed investment (a measure that excludes investment in inventories) reached a peak in 2006–2007, declined somewhat in 2008, then plunged in 2009 before reaching a trough in 2010. Although it recovered slightly in 2011, it remained 20 percent below the previous peak, and the pace of its recovery to date implies that another three or four years will be required merely to bring it back to where it was in 2007. With adjustments for changes in the price level, the projected recovery period would be slightly longer. (Using the price index for gross private domestic investment to obtain real values, we find that real net private domestic fixed investment is now at approximately the same level it had attained in the late 1990s.) To understand why the current overall economic recovery has been so anemic, we must understand why net private investment has not recovered more quickly.

(more…)

Gerald Celente on Eurozone Reckoning Day and how Goldman escapes charges!

1

By

YouTube Preview Image

 

Welcome to Capital Account. After its yearlong investigation, the Justice Department said that it will not bring charges against Goldman Sachs or any of its employees for financial fraud related to the mortgage crisis. Is this justice or, as Gerald Celente often says, is this “just us” big bankers getting away with whatever we want?

(more…)

Romney needs more Goldman Sachs help?

0

Mittens Romney = Obama LiteWhen arriving home this evening I was overjoyed to find literature from the Mitt(ens) Romney campaign waiting for me.  My mind was thrilled at the possible ways that I, a personal freedom loving and Constitutional supporting American could contribute to the cause!

Upon opening the information I find it nicely wrapped in a folded poster promoting Mitt(ens) Romney for us to proudly display.  Also was the contribution form, as all candidates supply.  I went to work rapidly with the contribution documentation, hoping to hurry and get it in the mail for it’s return trip.

After filling all the required information out, plus a few additions of my own, I find that the enclosed envelope was only wide enough to hold a personal check.  Funny how things work out sometimes.  Not to be discouraged I fold the paperwork and move to the fold-out sign provided.  Quite the slick little sign, but very low budget artwork and design.  Romney flew to the EU to gather contributions but no evidence based on the simple sign, oh well.

All documentation is prepared for the travel back to some Romney campaign headquarters located at, oh really, who cares.  So I take the “doctored” campaign paperwork, well folded, along the the cut up sign, custom cut to fit the envelope (adding weight) and I begin to stuffing the envelope.  Mind you, this IS legal and not related to state GOP leaders helping to stuff ballot boxes!

(more…)

New Obama Executive Order Seizes U.S. Infrastructure and Citizens for Military Preparedness

1

Sources:

Text content: http://www.activistpost.com

Video Content: http://breakthematrix.com

In a stunning move, on March 16, 2012, Barack Obama signed an Executive Order stating that the President and his specifically designated Secretaries now have the authority to commandeer all domestic U.S. resources including food and water. The EO also states that the President and his Secretaries have the authority to seize all transportation, energy, and infrastructure inside the United States as well as forcibly induct/draft American citizens into the military. The EO also contains a vague reference in regards to harnessing American citizens to fulfill “labor requirements” for the purposes of national defense.

Not only that, but the authority claimed inside the EO does not only apply to National Emergencies and times of war. It also applies in peacetime.

The National Defense Resources Preparedness Executive Order exploits the “authority” granted to the President in the Defense Production Act of 1950 in order to assert that virtually every means of human survival is now available for confiscation and control by the President via his and his Secretaries’ whim.

The unconstitutionality of the overwhelming majority of Executive Orders is well established, as well as the illegality of denying citizens their basic Constitutional and human rights, even in the event of a legitimate national emergency. Likewise, it should also be pointed out that, like Obama’s recent Libyan adventure and the foregone conclusion of a Syrian intervention, there is no mention of Congress beyond a minor role of keeping the allegedly co-equal branch of government informed on contextually meaningless developments.

As was mentioned above, the scope of the EO is virtually all-encompassing. For instance, in “Section 201 – Priorities and Allocations Authorities,” the EO explains that the authority for the actions described in the opening paragraph rests with the President but is now delegated to the various Secretaries of the U.S. Federal Government. The list of delegations and the responsibility of the Secretaries as provided in this section are as follows:

(1) the Secretary of Agriculture with respect to food resources, food resource facilities, livestock resources, veterinary resources, plant health resources, and the domestic distribution of farm equipment and commercial fertilizer;
(2) the Secretary of Energy with respect to all forms of energy;
(3) the Secretary of Health and Human Services with respect to health resources;
(4) the Secretary of Transportation with respect to all forms of civil transportation;
(5) the Secretary of Defense with respect to water resources; and
(6) the Secretary of Commerce with respect to all other materials, services, and facilities, including construction materials.
Go to Top