Barack Obama-Are You Hosni Mubarak? The Regime of Barack Obama

(President Obama---Have you morphed into Hosni Mubarak? You supported the Arab Spring yet you say nothing about the neo-fascist actions performed by the militarized police forces in the Occupy cities. In this piece there is a call for Regime Change in America. Is this the Change We Can Believe In that you promoted in your campaign? Is the change you called for turning into Regime Change in America? This piece calls you out and calls these actions YOUR KENT STATE MOMENT.)

From Washingtonsblog.com 10-26-11

Marine, Navy, Army and Airforce Vets and Police Vow to Protect Innocent Protesters

Posted on October 26, 2011 by WashingtonsBlog

Marine, Navy, Army and Airforce Veterans and Police Vow to Protect Innocent Protesters

In response to the police brutality against peaceful American protesters – here, here, here, here, hereand here – military and police groups are forming to protect American citizens.

In fact, many in the military support the protests (and see this).

As of today, OccupyMarines, Occupy Police, Occupy Navy, Occupy Airforce, and Occupy Army have formed to protect the people against police brutality.

After Veterans for Peace member Scott Olsen – a Marine Corps veteran twice deployed to Iraq – was critically wounded in the Occupy Oakland protest, Occupy Marines tweeted:

WHEN YOU SHOOT ONE MARINE, YOU SHOOT AT ALL OF US. OORAH. Do It Peacefully Occupy We Stand In Solidarity

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Egyptian Brutality Comes to America: Police Fire Rubber Bullets at Peaceful Protesters

Posted on October 26, 2011 by WashingtonsBlog

Police Fire Tear Gas, Flashbang Grenades and Rubber Bullets at Peaceful Protesters

This is not Egypt, Greece or Italy … this is America:

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The injured gentlemen is Veterans for Peace member Scott Olsen, allegedly shot with a rubber bullet.

This is another gentlemen allegedly shot in the face with a rubber bullet (his injury is above his right eye, while the injury to Scott Olsen appears to be on the left side of his face):

Here are police roughing up a peaceful woman protester:

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:

And a policeman threw a flash grenade into a crowd trying to help an injured protester:

Some are calling this the “new Kent State”.

And protesters from Tahrir Square, Egypt, say this is what it looked like there.

Posted in General | 8 Comments
We Need Regime Change … In America
Posted on October 26, 2011 by WashingtonsBlog
Regime Change Is Needed … In America

As I noted last week:

The main demand of the Egyptian protesters was that Hosni Mubarak and his cronies leave power.

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As former IMF chief economist Simon Johnson notes, the American finance industry has effectively captured our government in a “quiet coup”, a state of affairs that is at the center of many emerging-market crises, and that recovery will fail unless we break the financial oligarchy that is blocking essential reform.

Inequality in America is worse than in Egypt (or Tunisia, Yemen or most Latin American banana republics).+

The U.S. has become a kleptocracy, an oligarchy, a banana republic, a socialist or fascist state … which acts without the consent of the governed. There is a malignant symbiotic relationship between the governmental leaders and their cronies, which makes a handful rich at the public trough (in the same way that the Mubarak family raked in between U.S. $40 and $70 billion dollars through bribes and cronyism).

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The same government despots (Bernanke and the rest of the knuckleheads at the Fed, Geithner, and various other Goldman alums and proteges of Robert Rubin) and the same Wall Street manipulators (Blankfein, Dimon, etc.) are still on their thrones causing mischief. Nothing will change while these guys are still in charge.

Why can’t Americans – like the Egyptians – demand that the bums be thrown out?

William K. Black – professor of economics and law, and the senior S&L prosecutor – agrees, saying that in order to prevent another financial crisis, we have to throw Geithner, Holder and Bernanke out, and replace them with people who will actually enforce the rule of law:

Posted in Politics / World News | 2 Comments

The Fed Bails Out Gaddafi’s Libyan Bank, Arab Banking Corp. of Bahrain, Banks of Bavaria, Korea and Mexico … But Shafts America

Posted on October 25, 2011 by WashingtonsBlog

The Federal Reserve Bails Out Fatcat Bankers and Financiers Worldwide … But Shafts the Average American

Fox Business noted in December:

The conflicts of interest and policy controversies in the Federal Reserve’s bailout of the financial system now include helping out millionaires, billionaires, foreign automakers, and companies whose executives sit on the board of directors of the U.S. central bank.

The Federal Reserve also bought more than $2.2 billion in commercial paper from the state-owned central bank of Bavaria, and it gave more than $23 billion in loans to the Arab Banking Corp. based in Bahrain, with an interest rate as low as a quarter of a percentage point. The Federal Reserve also lent more than $9.6 billion to the Central Bank of Mexico.

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Banks worldwide tapped into the Federal Reserve’s emergency lending programs more than 4,200 times for a total of $3.8 trillion, estimates show.

Senator Sanders’ staff found that “several billionaires and tens of multi-millionaires received cheap loans from the Fed to invest in securities backed by auto, mortgage, credit card, student and mortgage loans,” Sanders’ letter says. That Fed program is called the Term Asset-backed Securities Loan Facility.

The rich include Christy Mack, the wife of Morgan Stanley’s John Mack, billionaire businessman H. Wayne Huizenga; and Michael Dell, co-founder of Dell Computer, hedge fund manager John Paulson and private equity honcho J. Christopher Flowers.

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[Senator Sanders] also says that it appears the Fed provided loans to over 100 separate hedge funds, offshore funds, and other investment funds located in the Cayman Islands and other tax havens via the TALF program alone.

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Sanders also wants to know why the Federal Reserve bailed out the Korea Development Bank, the state-owned bank of South Korea, by purchasing more than $2.2 billion of its commercial paper, and why it also extended more than $40 billion to the central bank in South Korea.

I’ve previously noted that the Fed bailed out the Central Bank of Libya under Gaddafi.

Indeed, Ron Paul – the current chair of the monetary policy subcommittee – says that one-third of Fed bailout loans – and essentially 100% of NY Fed loans – went to foreign banks.

The American people didn’t get to vote on these huge bailouts and low-cost loans to foreign banks.

Congress didn’t get to vote on them … they didn’t even know about them.

Independent economists didn’t have a chance to weigh in on whether shipping American dollars abroad is good for the U.S.

Indeed, it seems as if the Fed has chosen to help everyone but the average American … choosing the big banks and financiers – abroad or in the U.S. – again and again at the expense of the little guy. (The Fed is even intentionally curbing lending by the banks to Main Street.)

No wonder even the non-partisan Government Accountability Office calls the Fed corrupt and riddled with conflicts of interest.

No wonder high-level economists have said that the Fed caused both the Great Depression and the current economic crisis.

No wonder economists say that the Federal Reserve should be ended – or its powers be dramatically curtailed.

Posted in Politics / World News | 3 Comments