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Thursday, November 5, 2009

“Keep Government Out Of My Medicare!”

I have written several opinion pieces on what I believe the Obama/Bernanke/Geithner short-term economic plan is for our floundering nation. I have stated that from my analysis Bennie-the beard-Bernanke, a major-general foot soldier for the financial crime syndicate, which has been gathering full-force momentum since the Reagan years, has their sights set on a further collapsing of the US dollar in hopes that it will fall and reach the bottom, called zero, so the masters of this economic Treasury theft can write-off their off-balance sheet toxic mortgage losses amounting to trillions of dollars at an incredibly deflated dollar value. It sure beats writing off losses at a higher dollar value. The destructive piece of this scenario is that wages will also be pushed further downward adding to more of the already 23 million housing foreclosures (held on and off the lender’s public radar), as well as higher under/unemployment numbers, which are inching up toward 20%, or Depression era heights.

It appears to be the idea of President Obama’s economic supply-side, trickle-down team that the only way to compete with the globe’s largest factory floor is to bring wages down to their levels. What Americans don’t realize is that the Chinese central government uses lower wages as their first line of defense when reducing production costs. China will never relent to another country outdoing their rock bottom labor/production costs, since their growth figures (approximately 9%) vitally depend on it. It appears that they would rather dump product onto the world’s market, than lose market share. Walmart, or what should be renamed Communist Chinamart, depends on it in order to expand throughout the world as the globe’s largest single retailer and employer.

What this current impotent president doesn’t realize, or maybe he does and won’t come clean to the public, is that the US cannot compete globally because over the last 30 years the corporate capitalist have decided to move the US manufacturing sector overseas outsourcing 7 million jobs eroding the standard-of-living and forcing working Americans into becoming debtors in order to support their lifestyles and families. Consumer debt had become a way-of-life, eventually forcing tens of millions into default and foreclosure as a result of attempting to magically create asset wealth through debt creation. It does not work. It failed, and now, the nation has been in the depths of the greatest economic forest fire since the Great Depression. We will not see the end of it anytime soon, or even in the distant future.

The 3.9% US economic growth is a fantasy, since it has been created out of US debt through the selling of Treasuries, attracting foreign central banks and investors into our debt clutches via the Federal Reserve’s quantative easing policy of freely printing money lavishing huge amounts of liquidity onto the mega investment banking syndicate. The nation is not growing, but actually “Spread Eagle across the pavement, while Jane and John Doe have put the squeeze on their own spending habits.

Another piece of this Obama-Bernanke-Geithner economic plan that is being down played is the carry trade. What has been happening is that with the Federal Reserve lending out to broker-dealers at zero percent interest, the borrowers go out into the world and find risky higher yielding and highly leveraged assets paying extremely desirable returns, and sticking the Fed’s zero percent cash into these investments, as they short the US dollar. As foreign investors buy US Treasuries, they fuel the US debt and Federal Reserve lending practices.

Dr. Nouriel Roubini stated in the Financial Times of London “Mother of all carry trades faces an inevitable bust” (11-1-09) “They are borrowing at very negative interest rates—as low as negative 10 or 20 per cent annualized—as the fall in the US dollar leads to massive capital gains on shorting dollar positions”… “Every investor who plays this risky game looks like a genius—even if they are just riding a huge bubble financed by a large negative cost of borrowing—as the total returns have been in the 50-70 per cent range since March.”… “Yet, at the same time, the perceived riskiness of individual asset classes is declining as volatility is diminished due to the Fed’s policy of buying everything in sight—witness its proposed $1,800 billion [$1.8 trillion] purchase of Treasuries, mortgage-backed securities (bonds guaranteed by a government-sponsored enterprise [GSE] such as Fannie Mae) and agency debt. By effectively reducing the volatility of individual asset classes, making them behave the same way, there is now little diversification across markets—the VAR (value at risk) again looks low.”

Dr. Roubini went on to say, “So the combined effect of the Fed policy of a zero percent Fed funds rate, quantative easing and massive purchase[s] of long-term debt instruments is seemingly making the world safe—for now—for the mother of all carry trades and [the] mother of all highly leveraged global asset bubbles.”

Here is Dr. Roubini’s big point, “ But one day this bubble will burst leading to the biggest coordinated asset bust ever: if factors lead the dollar to reverse and suddenly appreciate—as was seen in previous reversals, such as the yen-funded carry trade—the leveraged carry-trade will have to be suddenly closed as investors cover their dollar shorts. A stampede will occur as closing long leveraged risky asset positions across all asset classes funded by dollar shorts triggered a coordinated collapse of all those risky assets—equities, commodities, emerging market assets classes and credit instruments.”

This detailed explanation clearly defines the probable outcome from the Fed’s reckless lending policies supported and encouraged by Team Obama.

As Team Obama has focused intently on rescuing the mega investment banking syndicate through extremely cheap liquidity in order to pad their balance sheets cushioning their eventual toxic write-off losses at the expense of the US dollar, their policies illustrate that as the dollar is shorted as it falls to the bottom, higher risk leveraging in equities and other assets will collapse once the dollar begins to climb as Bennie the Beard Bernanke realizes that the only way to pull foreign investors back into US Treasuries and bonds would be to raise interest rates.

The most absurd viewpoint by a slice of America is the determined efforts by the likes of Congresswoman Michele Bachmann, Glenn Beck, and others to fight any sort of Public Health Care Option instead of getting damn angry over this massive theft of our economy and the destructive policies executed by Team Obama. I guess they have no objection to the financial sector’s $16.5 trillion in total debt as of the second quarter of 2009, which is equal to what they had accumulated in 2008. My question to all these 9-12ers is what will you do when you lose your health care? Where will you go? What will you do when someone dear to you in your household comes down with a very serious illness and you have no health insurance?

Congresswoman Bachmann said at her Tea Bagger anti-health care Washington, DC rally on 11-5-09, "Nothing scares members of Congress more than freedom-loving Americans." So, this is what Republicans believe is freedom—to work against the self-interests of gullible flag wavers. So, freedom means that when you lose your health care and there is no government plan to rescue you, you can foreclose on your house, willingly while singing America The Beautiful, and declare bankruptcy in order to escape from those massive and mounting medical bills. So, being a freedom-loving American is to allow the mega financial crime syndicate to get zero percent interest directly from the Federal Reserve to rebuild their balance sheets, while you have just seen half of your retirement savings vanish permanently as a result of those unregulated investment banks fabricating and pedaling smoke and mirror derivatives that were worthless, while, at the same time, making themselves trillions of dollars destroying what you have so tirelessly worked for. So, freedom-loving is to embrace the greedy US corporate capitalists who created this economic firestorm and gleefully pushed your wages down, while shipping your jobs overseas to China where wages don’t mean too much to employers, and their food and drugs are not as safely regulated, and a 40 hour work week is irrelevant, and their environment is much more polluted. I guess, to be a freedom-loving American allows one to be delusional, hypocritical, and stupid with a smile. So be it! Give your grandchildren a good-luck kiss as they apply for a low paying job.

We have had 7 million manufacturing jobs lost, $14 trillion of home equity and retirement assets disappear as a result of the economic firestorm, 23 million foreclosures, and a horrendous level of under/unemployment encroaching on 20% of Americans. We will see a lost generation of our college and non-college youth living in debt, and without jobs. Yet, the whack-jobbers protesting a Public Option ride buses to Washington, DC to rally against their own self-interests. Have they not read the Senate Congressional Budget Office report stating that this government administered plan would save $10 billion? That is the problem when one consumes huge amounts of mind altering Kool-Aid. The 9-12 protest movement appears to not have a real grasp of the nation’s problems because they lack understanding and drink from the propagandist’s poisoned wells.

It is about the jobs stupid! There is no recovery without them. Economic growth based on stock market gambling achieving big profits is not a recovery plan. The lack of a Marshall Plan to rebuild the manufacturing sectors and create sustainable jobs through a renewable energy policy, and the rebuilding of wages should be the battle cry among all working class citizens, and not the rescue of the blood-sucking investment banking predators, which are still close to drowning. But unfortunately, such an important message is being missed by a bunch of sign wavers wanting “Government Out Of My Medicare”.

thanks for reading, jerry

13 comments:

carlandjerry said...

SPECTRE,

I hope all is well. I have not heard from you for some time. I know you are busy with the care of your parents. I hope all is well.

jerry

E pluribus unum said...

when will you give up your socialist dreams for the greater good? What show's me that you are not as smart as you yourself surmise is the fact that your thinking has not evolved one bit since this crisis began. I glanced over your blog when i first found economicrot and laughed at your socialist fueled rants and i understand why you stick with them, because anything else would be hard work and your attitude shows that is the last thing you would ask of anyone, hard work. You and your older ilk are the reason these people are in the positions they are in. Not to blame democrats only, your republican counter parts are just as bad. If any generation could be defined as the worst, it would have to be the baby boomers.

carlandjerry said...

E pluribus unum,

You are a hoot!!! I get a real good laugh from reading/listening to people like yourself. My socialist rants. Me and my older ilk have seen the socialist welfare state handed over to the largest oligarchs and kleptocrats ever seen in our history beginning with Ronald Reagan. It was Ronnie who handed the keys to the oligarchs who decided that providing work and producing goods in this country was too expensive. He and they----those of Ronald Reagan's age, wanted cheap workers without work place rights, control of patents and copyrights, the Treasury, declared corporate rights to be the same as a person, financial credit rating agencies protected under First Amendment rights even though they were in the pockets of the financial banking crime syndicate, off-shore secret accounts, tax loopholes and a huge list of write-offs, investment regulation rules made illegal, minimal fines for the dumping of toxic waste into ground water, consistent hourly wages, work place safety rights, worker protections, age protections, and more. They were the real traitors of this country. That began 30 years ago when the Baby Boomers were just entering the workforce. They were shaped by the older generation, many of whom continue to control the corporate fascist-run industries.

You make me laugh so hard!!!! Such rules and laws made safe by the very common good that you rant and rail against have been provided to you.

The sad thing is that it is you, E, who have not evolved. This has nothing to do with allowing people to work--as you say, "work hard". I don't believe you are smart enough to know who works hard and who works less hard. I do believe that you have placed yourself way up on a self-righteous pedestal believing that it is YOU who works the hardest and the rest around you are just lazy bums deserving less than you. You sir, are delusional.

We live in a country, not unlike Soviet Russia where you would fit in nicely and rise amongst their comrades, where we have a shared commons. Let me remind you of VA benefits, public schools, roads, airwaves, Medicare, Medicaid, Social Security benefits, libraries, museums, bus transportation just to name a few programs that are part of the shared national commons. WE already have a greater good. Where have you been?

jerry

carlandjerry said...

For those who want to continue to blast the idea of a social good for America, they need to read this article published in Time magazine asking has the US lost its innovation mojo?

http://www.newsweek.com/id/222836?from=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+newsweek%2FTopNews+%28UPDATED+-+Newsweek+Top+Stories%29

What is written is the fact how the government had supported research and development, invested in technologies, and supported innovation. Now, we are slipping away.

jerry

SPECTRE of Deflation said...

Jerry, I'm back, and thank you for your concern. My wife and I celebrated our 31 years of marriage last week with a trip to the panhandle of FL. 4 of the most beautiful days I have seen down there with 3 days of wild weather by way of IDA. A great week remembering what brought us together along with all our joys and trials as husband and wife, mom and dad and gramps and gran.

Now that I'm back, it's once more into the breech regarding the ship of fools leading us off the cliff. I read this AM that it costs us a million bucks per soldier per year in Poppy-stan. Meanwhile the generous CONgress has been so kind as to provide another 14 weeks of unemployment insurance so that families can scrape by on peanuts while the elites are back to buying Tiffany with the very loot they stole from us not once but twice. I saw this parody this AM and had to share it with you:

2010 GM
The new GM (Government Motors) would like to proudly introduce the 2010 Obama. This car runs on hot air and broken promises and has three wheels to help speed the vehicle through tight left turns. It comes complete with two TelePrompters programmed to help occupants talk their way out of any violations and the transparent canopy reveals the plastic smiles still on the faces of all the happy owners. Better get one while you can still afford it - they come in S, M, L, XL and 2XL... It won't get you to work, but hey, there aren't any jobs anyway!

PS: on mom and dad, we are trying to figure out what exactly to do while all the parts are constantly changing. I fear that whatever is done will be on the backs of our seniors. They seem to go after those who can least afford their supposed solutions. Prescription drugs are eating them alive because once you hit the gap, it's all on you for your meds until a next higher level is reached. Why in God's name can we not import from Canada? It puts money in senior's hands right now. It makes me sick to think of the elderly as expendable by those assholes in DC.

By the way, I hope all is well with you and yours, and I look forward to posting at your great site.

SPECTRE of Deflation said...

Jerry, here's a great listen to Gerald Celente. The headline tells the sad tale I'm afraid.

Gerald Celente: American Public
Losing Everything To Fascist Oligarchs (4 Parts To Video)


http://www.youtube.com/watch?v=oNiAAiSMu9Y&feature=player_embedded

E pluribus unum said...

You fail to understand what i am saying. READ Friedrich von Hayek !!!!!!!!!! For Hayek “the road to serfdom” inadvertently set upon by central planning, with its dismantling of the free market system, ends in the destruction of all individual economic and personal freedom. Hayek’s central thesis is that all forms of collectivism tend towards tyranny, and he used the Soviet Union and Nazi Germany as examples of countries which had gone down “the road to serfdom” and reached tyranny. Hayek first argued that democratic legislatures move too slowly to manage a modern industrial economy. Management of socialism would therefore lead to bureaucrats gaining discretionary powers. Disagreement about the practical implementation of any economic plan would invariably necessitate coercion in order for anything to be achieved. Hayek further argued that the failure of central planning would be perceived by the public as an absence of sufficient power by the state to implement an otherwise good idea. Such a perception would lead the public to vote more power to the state, and would assist the rise to power of a “strong man” perceived to be capable of “getting the job done”. After these developments Hayek argued that the worst get on top of socialist bureaucracies. Those who are good at acquiring and exercising discretionary powers in government are usually the most ruthless and corrupt individuals.

Hayek argued that countries such as the Soviet Union and Nazi Germany had already gone down the "road to serfdom", and that various democratic nations are being led down the same road. In The Road to Serfdom he wrote: "The principle that the end justifies the means is in individualist ethics regarded as the denial of all morals. In collectivist ethics it becomes necessarily the supreme rule."

Everything you mention at the end of your rant is exactly what he warned about you fool "VA benefits, public schools, roads, airwaves, Medicare, Medicaid, Social Security benefits, bus transportation " Most of this was used once before in ROME AS THE STATE TOOK MORE AND MORE FREEDOM AWAY FROM THE PEOPLE! PROMISING TO PROVIDE EVERYTHING FOR THEM, THEY WOULD NOT HAVE TO WORRY ABOUT SUCH TRIVIAL THINGS. HOW MUCH HISTORY DO YOU KNOW SIR? HUH? HOW MUCH, WHAT HAVE YOU READ? BETTER YET WHAT HAVE YOU UNDERSTOOD? I CARE NOT FOR RONALD REAGAN OR ANY OF THE PEOPLE YOU MENTION, I CARE ABOUT HAVING A CHOICE IN HOW MY FUTURE WILL ARRIVE, NOT BEING HANDED SOME BILL FOR A BUNCH OF LAZY ALMOST READY TO DIE BABY BOOMERS WHO KEPT SPENDING MORE THEN THEIR BUTTS COULD CASH AND LEAVING THE BILL FOR THE NEXT COUPLE OF GENERATIONS, YES YOU FOUGHT VIETNAM AND THAT WAS NOBLE, BUT YOU FAILED TO QUESTION THE GOVERNMENT IN ANY OTHER FIELD. YOU WANTED MORE GOVERNMENT PROGRAMS, AND AS LONG AS THESE WERE IN PLACE YOU CARED NOT WHO RAN THE COUNTRY, YOU HATE REAGAN, BUT WORSHIP MOST DEMOCRATS (REFERENCE YOUR GREAT HOPE FOR BARRACK OBAMA) FAILING TO SEE THAT NEITHER PARTY WAS WHAT YOU THOUGHT IT WAS.

YOU FAIL TO SEE THAT FED DOES NOT BELIEVE IN FREE MARKETS, FREE MARKETS NEVER FAILED, CAPITALISM NEVER FAILED, YOU'VE BEEN FOOLED ONCE AGAIN. HOW MANY TIMES WILL THEY FOOL YOU UNTIL YOU WAKE UP. CAPITALISM IS THE ONLY SYSTEM THAT CAN WORK WITH DEMOCRACY OR A REPUBLIC READ THE ROAD TO SERFDOM, SERIOUSLY READ IT THEN TELL ME IF YOUR VIEW POINTS HAVE CHANGED

carlandjerry said...

E, I do understand what you are saying. Today I don't find you funny but am a bit worried about your blood pressure. You can quote all the ideologues you can find: Hayek being a brilliant one, Milton Friedman, Greenspan, any of those who came out of the University of Chicago's Austrian School of Economics, or Keynes, Tocqueville, or whomever. Hayek's belief in a free market can never exist in the United States. There is no such thing!

Yah, Yah, he used the Russian and Nazi Germany's fascist/totalitarianism as examples of socialism gone bad. That is right. But today, the closest thing to a socio--capitalism is Norway,and Denmark and Finland all of which have high standards of living and a population of satisfied citizens.

The United States will never evolve into your ideology--EVER! We have had embedded for the life of this nation the rise of oligarchs and kleptocrats. You speak of surfdom. HUH? That is what we have had for centuries. Surfs and slaves for over the centuries. Now the corporate oligarchs went outside the country to seek out workers that they could put into surfdom or slavery to work in their sweatshops, since US workers wouldn't have it anymore. Then they sell those goods back to you!!! So you economically support an anti-free market in your daily purchases. Right!

We have always had a corporate nanny state. The corporations have made the rules. They run the government. Nothing will change this because the people are passive, emotional slaves and surfs already. Now we have the corporate trough drinkers: investment-banking crime syndicate operators, and private equity fund groups, some of which have taken on 4 of the last 8 treasury secretaries as executives, to further benefit from the corporate nanny state's tax loopholes not paying a cent in taxes gutting healthy companies, and will likely put out around 1.5M workers onto the unemployment lines within the next 18 months because a huge portion of the 3000 plus corporations taken over by these vampires are about to go bankrupt.

The private sector has yet to improve this dying economy. They have been stuffed with $4T in liquidity, but are using it to enrich themselves. The only employer happens to be the public sector. Without it you would not be making money in your business. You are being supported mainly by the public sector's spending. Without it, you might be going belly up. (If you own a business.)

jerry--to be continued

carlandjerry said...

E., I don't worship anyone!!! Not even Galbraith or Michael Hudson (Austrian school student).

This free money came out of the Chicago School of Economics neo-liberalism principles. It has been embraced ever since it came into being because it favored the oligarchs and plutocrats. Dude, if you believe you will have a real choice to choose how your future will go, dream on! You will have to adapt in order to be happy and control over it in some small way.

You ended your rant by saying free markets never failed. There has never been a true free market system of economics in this country. If you believe we had one in early 20th century, think again. We were the world's oligarchs dictating to the less powerful economies exactly what they had to buy from us, as well as sell to us. We always flexed our military muscle as a way to influence our so-called free markets.

I am sorry to tell you---I have not been fooled one bit. I am a realist, and not an idealist. I do see that angry citizens with nothing have nothing to lose. Not even their lives. Marshall Law, and a police state would be the next card in the deck to be dropped if social uprisings occurred. Now that would bring us closer to fascism than through a social safety net. Marshall Law and a police state has already been placed in red alert.

Hey, thanks for the food-for-thought. I really do appreciate you coming by!

jerry
***********************

SPECTRE, Good to hear from you. Not much to say other than thanks for your postings of information. Congrats on your anniversary. Not many can say they have been successful in marriage. I am one who has not been successful with that part of my life. It sounds like you have grandkids. Very cool.

Stay in touch!! Keep your comments coming. Jerry

E pluribus unum said...

"The United States will never evolve into your ideology--EVER", but the one you advocate will work? We agree that the free market did not exist during the 20th century, but about before it? Before the fed was instated in 1913? Before the government took over the total issuance of money? What form of economic system existed from 1776 until 1913? I agree with you that corporations are evil, but i also believe small business is the key to the middle class. By running one's own business one stay's interested in what the government does and society in general. Why can my idea of utopia exist but yours can? Unlimited paper money gives insiders advantages they would not have otherwise, they can buy out competitors with endless amounts of loans thus shrinking the field of competition and the banks will just create more money for more buyouts. Please explain to me how your system would work where the state provides healthcare and other services.

E pluribus unum said...

If you are a realist then you must understand competition is part of human nature, when i played soccer in years past, nothing made me feel better than besting my foe. Life is like sports and the government is the referee, they enforce the rule of law and nothing more, thus 99 percent of the time the better man wins. When you start to give the referee the power to make new rules and reward favorites you open up a world of pain, please explain how competition is not in man's best interest since you are such a realist. What form of social harmony can exist without competition? How can competition be eliminated?

you want a perfect prefab world
where the boy always gets the girl
but the world's not really like that
where knights in armor slay the beast
and every peasant gets a feast
but I don't want a world that's like that
cause if the beast has a heart and the peasant has none
your equalizer's come undone
now what's left to do when every wish always comes true?
and what's great to me won't seem so great to you
there'd be no saints if every heart was overflowing
there'd be nothing to learn if everyone was all-knowing
well it's a worthy crusade but I won't cheer the parade of the equalizer
100 smiles make a frown mean more
there's no equalizer
off the lines in factory
cookie cutter mentality
well the world's already like that
and I'm sorry if you disagree but that's the point
it takes a bit of piss to put the spice in victory

jerry, of eye on washington said...

Hello E.,

We have common ground on a few of your points. Small business is the cornerstone of our economy. Without it, there is no economy. What I put forth is not utopia, or even ideology. Socialized societies that engage in a capitalistic economy exist and work around the globe. A total free market economy, whereby it follows a "Live Free or Die" existence does not. Unfortunately, if you have been reading my content over the past 10 months, I have stated that the Obama administration has begun to follow the Chicago School of Failed Economics, which has been managed by the very people that were the ones that took it down to the ground in the first place.

Now prior to the US post world war industrialization, there was NO true free market. The corporate royalists, as FDR referred to them, had long been controlling the economy and the flow of money even without the Federal Reserve. The nation's industrialists controlled the oligarchy- controlled free market. In addition, there were thug gangs that extorted cash from small business owners, as well. The rule of law was basically lawlessness.

Listen, you can wish all you want for a true free market where the strong survive and the weak fail on their own as a result of their own doing. It will never happen!!!!! There are too many fingers in the legislative pie. With no term limits, no laws banning corporate lobbyists from influencing policy and lawmakers, and no real limits on campaign contributions (publicly paid for elections and campaigns would fix the problem allowing the small citizen with little funds to go forward and win elections), there will be no change as you would like to see. Forgetaboutit.

The Fed's quantitative easing program is, yes, fueling the corporate thieves. It is all about making the rich even richer, and bringing down the working classes into more heavily chained creditors, while the rich remain the lenders making piles of money from them. You stated the the big fish continue to eat the small fish. This is America's free market. It is called neo-liberalism. With little changes, the banks continue to leverage, therefore create money, just as you suggested. This is our cesspool brought to us by the financial-banking-military industrial complex form of capitalism, instead of the real manufacturing form of capitalism.

You asked how my "system" would be better for our society. We will see more small, and even large, businesses going bankrupt over the next couple of years. This is inevitable. Fewer dollars circulating, fewer consumers spending means more un-underemployment, fewer tax revenues brought into the treasury, and more corporate bankruptcies. The private sector is not creating jobs. The only current option is the public sector creating jobs. The private sector does not want to expand employment. First, many cannot get credit to make payroll and pay creditors/ suppliers. Secondly, the largest money-lenders, private sector banks, are hoarding the cash and gambling with it. Thirdly, the private sector wants to destroy wages, and shrink the standard of living, which will ultimately close down many small businesses, leaving the larger ones operating on smaller margins. So, where does this lead? To angry citizens who have nothing to lose, not unlike what happened in East LA during the Watts riots. Anarchy. This leads to a police state and fascism. But by helping people stay afloat when there are no jobs, but a continued loss of them, they will have some level of care provided quelling extreme anger and violence, and revenge.

Sure competition is good for America. But there is very little happening. One cannot compete with China and how their system functions. By trying to compete with a centrally controlled corporate communistic government, we destroy democracy.

There is a race to the bottom.

thanks, jerry

jerry, of eye on washington said...

Hello SPECTRE,

I have listened to Gerald Celente's Youtube interview. Excellent. He and I have been on the same page for a long time. He talks about the financial crime syndicate as being a crime boss group not unlike the Mafia.

I don't agree with all he says, but I do believe we live in a neo-fascist state run by the corporate financial banking-military industrial oligarchs.

This is an actual looting of our treasury and government.

It will not end until there is real chaos, and even then, we will likely find ourselves in Marshall Law, or a larger war, or both.

take care, jerry