America No More

The Marathon attack and subsequent shootout and capture of Jihadists revealed how far America has fallen into a willful Police State

I remember seeing black and white pictures of Nazis forcing Jews from their homes at gunpoint and wondering to myself when I was young, ‘why do they not fight back?’.

 

 

 

 

 

 

 

 

 

 

 

I could never wrap my mind around the notion of an entire people ignoring the insanity of what Hitler was preaching and the masses worshipping him as a god, and literally enabling their entire society to be transformed in just a few short years.

 

 

 

 

 

 

I could never understand how an enlightened people would fall for the demagoguery of an entire class of fellow citizens, and then cheer at their criminalization and extermination and pretend they did not know what their government was doing to them.

 

 

 

 

 

I could never understand how thousands of people would willingly walk themselves into boxcars for death camps or stand neatly in lines waiting to be machine-gunned into mass graves.

 

 

 

 

 

 

 

 

 

 

 

 

After the last 5 years, these pictures and these two videos – now I know.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Where it all leads:

Obama: All Your Business Are Belong To Us

“If you’ve got a business — you didn’t build that.  Somebody else made that happen.” – Barack Obama, July 13th, 2012.

America doesn’t seem to comprehend what has happened to it, and sadly – what was lost can never be regained according to our second President John Adams, who understood the fragile nature of liberty.

At one time in our nation, not that long ago – the Leftists had to hide what they really were all about.  American politicians espousing the doctrines of Karl Marx or anything sounding like Soviet Socialism would have been run out of office on a rail had they been honest about what they believed they should empower government to do.  So they hid behind their agenda with clever and ‘progressive’ sounding rhetoric that played to human nature’s worst vices of jealousy and greed.  Even so, America rejected Socialism and Communism as corrosive agents to liberty, and were even willing to go to war against that ideology because indeed they were and are dangerous to liberty.

But today, time and indoctrination by public schools and the media, have conditioned several generations of Americans to be ambivalent about Socialism and Communism.  A generation of Americans raised in a culture of instant gratification, self-esteem, educational ignorance and devoid of morals and religion became fertile ground for Communism to rise from our own soil.  Indeed the underlying current taught and now accepted is that Capitalism is the worst scourge on earth, promoting a self loathing of ourselves on a perverted sense of morality.   So we now have a President of the country that espouses not only blatant Marxism, but is preaching pure unadulterated Mussolini-inspired Fascism. The mask and gloves are off, and this only happens when confidence exists that their agenda has succeeded.  More of that mask dropped with remarks Obama made Friday at a fire station in Roanoke Virginia.

The speech, designed to foster the class war and envy , is what every Marxist uses to achieve total power.  The speech makes the crux of the point that Obama and his MarxoFasicsts in office have been preaching for some time: that nothing you possess; not your wealth, not your health or your property – belongs to you.  Their gospel is that you should spread what you own around (recall Joe The Plumber?) because they preach that what you worked for and earned was not by your own efforts – but by everyone else’s efforts.   Vis-a-vis: everything belongs to the State.  They are preaching that nothing you have is the result of your own efforts, but rather what you have is the result of everyone’s ‘collective’ efforts.  As such, they promote the lie that everyone is entitled to a share of what you have, and the government’s job is to make sure everyone gets a piece of it.  This is what ‘spreading the wealth around’ and ‘shared sacrifice’ actually means.   Some of us  understand and recognize this as Communism, but almost half the population now, calls Communism ‘fairness’, and everyone must pay their ‘fair share’.

Unless of course you are in the Ruling Class.  The Ruling Class are exempt from having to share.  Such rules are only for the hoi polloi, the little people, the actual entrepreneur and business owner who takes a risk.

The preaching of the virtues of Marx goes on, cloaked in the rhetoric of Human envy and jealousy, something  Marxists prey on to get their agenda and ideology accepted by the masses.  But the reality is that the government is really The Mob, a Crime Syndicate that takes their cut first – and then extorts the rest of what you have as ‘protection money’ from themselves.

Obama is simply stating what his comrade MarxoFascists like Elizabeth Warren have been saying openly as of late:

“I hear all this, you know, ‘Well, this is class warfare, this is whatever. No. There is nobody in this country who got rich on his own — nobody.

“You built a factory out there? Good for you. But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police-forces and fire-forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory — and hire someone to protect against this — because of the work the rest of us did….part of the underlying social contract is, you take a hunk of that and pay forward for the next kid who comes along.” – Elizabeth Warren

This is pure Marxist Fascism being preached as a virtue.  Government control of business to employ the Marx ideology of ‘FROM EACH according to his ability TO EACH according to his need’.  For the MarxoFascists like Obama and Warren and the entire Democrat party, Statist Government central planning is the answer towards implementing that policy by force.  Obama is now sermonizing the virtues of this ideology, and he would not be doing so in major campaign speeches unless the MarxoFascists assume that they now have total control to reveal what they really are all about.

What did we think Obama really meant when he said he was just days away from ‘fundamentally transforming The United States of America”?

The Statists now preach openly that what you have is due to everyone else’s labor, money and effort.  Not your own.   The sum of this preaching is to fool the people to accept the narrative that everyone is required to “share ” what they have, especially if you have more than others. If you have more than others,  the State is justified in having it confiscated from you by redistribution, taxation and regulation for the purpose of making you recognize your place is to support the state – not yourself.

This is what Obama and the MarxoFascist Left mean when they use the words: ‘collective salvation”; “shared sacrifice” and so on.  It’s a narrative that empowers a permanent slave class that is dependent on the State taking from what is left of the Producers in the country – to redistribute to Obama’s army of welfare constituents and illegal Mexicans.  This is about destroying the free market and burying Capitalism under their boots.

Obama is espousing the doctrine of Marx that entrepreneurs don’t build businesses, the government does.  That is why multiple billions of our tax dollars were given to now-defunct green energy money laundering companies like Solyndra, who have gone bankrupt and made off with all your money.  Ultimately, entrepreneurs are irrelevant in Obama’s Amerika, the Government is god and will build business and regulate business.  This is Fascism – in it’s purest definition authored by Benito Mussolini.

The State will decide who lives, who dies, who gets to eat and who does not.  Who gets to make money and who does not.  Who gets a job and who does not.  Who gets government welfare and who does not.  Anyone who is not a ‘true believer’ in the MarxoFascist ideology and whom does not act within it’s dictates – gets nothing, and even what they have will be taken from them.  Very akin to a mark of this beast.

Solyndra – Crony Capitalism? WORSE – It’s More Like Soviet Fascism

Obama has melded aspects of both systems together to give us corruption on a national scale only banana republics used to be able to hold a candle to.

By INVAR

I just love the way SadHill News tells it like it needs to be told: without any punches and with full sarcasm and disdain for the kind of institutionalized corruption usually limited to the province of despotic island regimes.  You just HAVE to check out their blog on this sickening and in-our-face fascism to get the full feel of the giant Obama middle finger shoved up our collective taxpayer butts.

But before I snip a few relevant and brilliant points made there – I want to make a notation about a term the talk radioheads and pundits are using in regards to this scandal, and correct a gross misapplication of that term.

Most of the talk radio hosts I’ve heard have referred to the Obama/Solyndra scandal as a pure example of ‘crony capitalism’.  I’m offended by that usage, because what Obama has done there is not a bastardization of Capitalism, but the implementation of something far more sinister.

One thing the Left has done, is to hijack our language and set their own terms of definement; ”Investments’ now refer to tax increases.  ”Terrorists and racists” refers to Conservative Americans and so on.

So the talk radio hosts, from Rush Limbaugh, to my hero Mark Levin – have made reference to this Solyndra scandal as ‘crony capitalism’.  Even Sarah Palin made the remark that the Obama regime is “Crony Capitalism on Steroids”.

I beg to disagree, what Obama is doing- is not ‘crony capitalism’.  Doing so suggests that Capitalism in itself is an easily bastardized and manipulated system, and it’s what gives fuel to those who suggest America’s very foundation was founded on a flawed system.  The Solyndra scandal, and everything from the nationalization of GM to ObamaCare  is Fascist Sovietism or Crony Socialism if you like.  It has NOTHING to do with Capitalism, or free markets.  It’s a version of Chicagoland graft and kickbacks but with an insidious twist: the institutionalized implementation of Fascism melded with attributes of raw Socialist Sovietism.

And it’s in the open.  Hiding in plain sight, in-our-faces.  Not even the Chicago Union mobs are as brazen about their corruption as Obama’s regime is demonstrating.

Because they don’t care.  It’s not about corruption anymore.

This is about the transformation of our entire society.

Because this is about a revolution to bury our society.  To take over and dictate that this is how business is done and handled by government dictat.

Want to keep your company?  Better play Obama’s game and contribute to his regime – or you will end up like Gibson Guitars.

And Obama has waged it in plain view, and brazenly.

He has implemented, with our consent and some mild opposition – Fascism under the usual Marxist guises of fairness, security, global warming, and Social Justice.

Now – the main fact of the Solyndra scandal that the media will not report is this:

Solyndra ‘Green’ Executives: $100,000+ In Obama Donations And 20+ White House Trips

That’s how Soviet-styled Fascism works.  Obama TAKES taxpayer funds, to give it to those who support HIS campaign and WALA!  Free White House lodging, and a Politburo using Alphabet agencies furiously to destroy all the industries Obama has targeted to be replaced.  Made in USA companies that do not donate to Democrats – wiped out, while those who contribute to the Party are protected. Cheap, efficient energy sources in the country forced into bankruptcy so as to force us all into solar and wind power by dictate of the state.  I don’t know how you get crony Capitalism out of that.  That’s raw Soviet Fascism on parade.

As SadHill News points out:

Receive sensationalism laced with carefully selected talking points that mask giant government takeover.

Government? This is not government. This is an auction where policy goes to the highest bidder:

…As TheDC previously reported, Solyndra officials, including Kaiser himself, donated hundreds of thousands of dollars to Barack Obama.

This is all just the tip of the iceberg of what many Conservatives are erringly calling ‘crony Capitalism’ when it is nothing of the sort. This is life behind the Iron Curtain, under the oppressive thumb of Soviet-styled Marxists using the Mussolini Fascism model to achieve the fundamental transformation of America that Obama was talking about from the beginning.

We just did not believe it could happen here.

As Conservatives Are Called “Terrorists” – Obama Outlines New Program To “Fight Violent Extremism”

White House & DHS National Strategy To Counter Domestic Extremists

By INVAR

I have been convinced that the United States of America is in the midst of a Marxist coup that thusfar could be called a velvet revolution – meaning no overt bloodshed.

That will change.

The truth of all Marxist/Fascist/Socialist revolutions in history – is that there is an absolute requirement for violence and bloodshed in order to achieve total rule.   The Marxist/Fascist will always demonize their opposition, and then classify them as THE danger to the state.  They will manufacture lies and even orchestrate events to pin the political opposition as being direct threats to the citizenry, thus enabling the State to exterminate their targets by the approval of the people they have conditioned to consider the Ruling Class’ enemies as their own.

With history as a guide – and taking the recent statements of the Ruling Class in both the White House, the Congress and the leaders in the Democrat Party with the approval of the GOP Leadership – I believe we are witnessing the stage being set for the criminalization and elimination by force, of Conservative Americans who ally themselves with the TEA Party.

Obama began to prep the government itself for whom he will declare to be enemies of the state, in the April 2009 DHS Terror Assessment. That assessment, right after Obama took office – classified Conservatives, veterans and other anti-tax, pro-Christian, anti-abortion groups as potential mass terrorists.  In that assessment, not one mention of Islamic terrorism – all classifications were of domestic Americans who would be allied with a conservative viewpoint.

Then you had the Tucsan AZ shooting, where Democrat Gabrielle Giffords was shot by nutcase Jared Loughner.  Within minutes, the media blamed “Right wing extremists” for the act – including Sarah Palin and Talk radio and Conservative Blogs for inspiring it.  We had Obama himself demanding ‘civility’.  Even when it became known that Loughner was no Conservative or ‘Right Winger’ – the media continued in it’s narrative and silenced itself on reporting Loughner’s true nature and possible reasons for the mass shooting.

Fast forward to this past week.

Leaders in the government, including the Vice President of the United States, have blatantly referred to Conservatives in the TEA Party as “terrorists”.  That classification and declaration is not a mistake, not a slip of the tongue, but a deliberate and calculated escalation of the narrative that Obama’s regime has sought to sow in the minds of Americans since Obama took office.  The declaration that TEA Party Conservatives are terrorists by the highest leaders in government, and in the media whom declare Conservatives and TEA Party members as a “Clear and Present Danger to the United States of America and they must be stopped before it is too late” - should scream a warning in your mind that this regime intends to act against Conservatives in the historical brutal manner that all Marxist regimes have dealt with their political opposition.

If history is a guide – then time is very short before pogroms, oppression, overt tyranny and bloodshed are waged upon the targets this regime has painted as ‘terrorists’, “Clear and Present Danger” and ‘potential terrorists’ since 2009.

Indeed we learn this very evening on the heels of the debt ceiling surrender by the GOP, that has revealed in perfect clarity the contempt the Ruling Class has for Conservatives, that the Obama regime plans to unveil a new “Plan” to “Fight violent extremism” – and nowhere in the plan is Muslim extremism mentioned.  The strategy says “violent extremists are targeting their children, families and neighbors,” and that ‘extremism cannot be rooted in a single ideology”.

What they mean is that they will not look at or consider Muslim extremism.  That is why it is not mentioned.

We already have the Obama regime’s declaration of what ideology they consider to be ‘extremist’:

This week, our ‘supposed’ Congressional representatives and the White House itself, has called this same group assessed in the 2009 report – as “terrorists”.

Explains why Obama’s new plan says that “the threat is often rooted in an ideology protected by the Constitution”.

The plan seeks to impart federal outreach programs to empower local communities to ‘counter’ “extremists”.

I will assume, given the statements this past week by the government’s highest leaders, that they are referencing TEA Party Conservatives as the “violent extremists” this new plan is subtly referring to.

The AP Reports:

New White House plan to fight violent extremism

SNIP:

…according to a new national strategy the Obama administration took more than a year to produce. The strategy pointedly does not focus on threats from Muslim extremism.

…”Any solution that myopically focuses on a single, current form of violent extremism, while blind to other threats, will fail to secure our country and communities,” the document said.

The strategy does not include specifics for achieving these goals.

In the midst of wide open Southern borders and Federal prohibition against deporting illegal Mexicans, the notion to empower ‘local efforts’ to counter what they vaguely describe as ‘violent extremists’ – is either laughable, or sinister.

I go with the latter assessment.

There are buzzwords in this ‘strategy’ that scream aloud a warning.  ”Enhancing Social Cohesion…” is a sugar-coated Marxist term for forcing obedience to the State.

“…working with… nongovernmental and community organizations” – is a reference to empowering Unions and Community Organizers like ACORN and the SEIU with Gestapo-like power.  Anyone recall Obama’s pledge to create his ‘Civilian Security Force’??  Well – here’s the ‘strategy’ to implement it.

“…”and a wide spectrum of private American citizens.” – Citizen Snitch Programs anyone??  Communist and Marxist Regimes ALWAYS have programs that involve ‘private citizens’ to spy on their neighbors for the state.  Think NVKD.  Think Gestapo.  That’s where this goes.

The blueprint that this regime is implementing – is becoming sharper in focus and it ought to scare the crap out of you.

Just consider all the recent ‘civility’ by the Ruling Class towards Conservative Tea Party Americans.  We’re “terrorists” according to them.  We are “extremists” and now they have a “strategy” they will implement upon us should violence occur.   Add to that, the curious need for SWAT teams at the Dept. of Education – the ATF and Justice Department’s Operation Gunrunner & Fast and Furious to try and pin drug cartel violence on American guns thus creating a call to confiscate and ban the right of the people to defend themselves.

Does anyone see the same picture developing that I do?

History has already provided the image:

Physician Warns That Obama Health Care is Fascist Tyranny

ONE WORD TO DESCRIBE OBAMACARE

by Dr. Dave Janda  

As a physician who has authored books on preventative health care, I was given the opportunity to be the keynote speaker at a Congressional Dinner at The Capitol Building in Washington last Friday (7/17). 

The presentation was entitled Health Care Reform, The Power & Profit of Prevention, and I was gratified that it was well received. 

In preparation for the presentation, I read the latest version of “reform” as authored by The Obama Administration and supported by Speaker Pelosi and Senator Reid.  Here is the link to the 1,018 page document:  
http://edlabor.house.gov/documents/111/pdf/publications/AAHCA-BillText-071409.pdf  
  
Let me summarize just a few salient points of the above plan.  First, however, it should be clear that the same warning notice must be placed on The ObamaCare Plan as on a pack of cigarettes:  Consuming this product will be hazardous to your health.  

The underlying method of cutting costs throughout the plan is based on rationing and denying care.  There is no focus on preventing health care need whatever. The plan’s method is the most inhumane and unethical approach to cutting costs I can imagine as a physician. 

The rationing of care is implemented through The National Health Care Board, according to the plan.  This illustrious Board “will approve or reject treatment for patients based on the cost per treatment divided by the number of years the patient will benefit from the treatment.” 

Translation…..if you are over 65 or have been recently diagnosed as having an advanced form of cardiac disease or aggressive cancer…..dream on if you think you will get treated…..pick out your coffin. 

Oh, you say this could never happen? Sorry…. this is the same model they use in Britain.

The plan mandates that there will be little or no advanced treatments to be available in the future.  It creates The Federal Coordinating Council For Comparative Effectiveness Research, the purpose of which is “to slow the development of new medications and technologies in order to reduce costs.”  Yes, this is to be the law. 

The plan also outlines that doctors and hospitals will be overseen and reviewed by The National Coordinator For Health Information and Technology.  

This ” coordinator” will “monitor treatments being delivered to make sure doctors and hospitals are strictly following government guidelines that are deemed appropriate.” It goes on to say…..”Doctors and hospitals not adhering to guidelines will face penalties.“  

According to those in Congress, penalties could include large six figure financial fines and possible imprisonment.  

So according to The ObamaCare Plan….if your doctor saves your life you might have to go to the prison to see your doctor for follow -up appointments.  I believe this is the same model Stalin used in the former Soviet Union.  

Section 102 has the Orwellian title, “Protecting the Choice to Keep Current Coverage.”  What this section really mandates is that it is illegal to keep your private insurance if your status changes – e.g., if you lose or change your job, retire from your job and become a senior, graduate from college and get your first job.  Yes, illegal.

When Mr. Obama hosted a conference call with bloggers urging them to pressure Congress to pass his health plan as soon as possible, a blogger from Maine referenced an Investors Business Daily article that claimed Section 102 of the House health legislation would outlaw private insurance. 

He asked: “Is this true? Will people be able to keep their insurance and will insurers be able to write new policies even though H.R. 3200 is passed?”  Mr. Obama replied: “You know, I have to say that I am not familiar with the provision you are talking about.”  

Then there is Section 1233 of The ObamaCare Plan, devoted to  “Advanced Care Planning.” After each American turns 65 years of age they have to go to a mandated counseling program that is designed to end life sooner. 

This session is to occur every 5 years unless the person has developed a chronic illness then it must be done every year. The topics in this session will include, “how to decline hydration, nutrition and how to initiate hospice care.”  It is no wonder The Obama Administration does not like my emphasis on Prevention.  For Mr. Obama, prevention is the “enemy” as people would live longer.

I rest my case. The ObamaCare Plan is hazardous to the health of every American.

I will add that not even the Nazis were this institutionally brutal in their early days of power as Obama and his Marxist politburo is.

After I finished my Capitol Hill presentation, I was asked by a Congressman in the question-answer session:  ”I’ll be doing a number of network interviews on the Obama Health Care Plan.  If I am asked what is the one word to describe the plan what should I answer.” 

The answer is simple, honest, direct, analytical, sad but truthful.  I told him that one word is FASCIST.

Then I added, “I hope you’ll have the courage to use that word, Congressman.  No other word is more appropriate.”

Dr. Dave Janda, MD, is an orthopedic surgeon, and a world-recognized expert on the prevention of sports injuries, particularly in children.  His website is noinjury.com. 

Capital flight is Next

Now Boarding at Gate C14: Capital Flight Airlines

by John Galt

June 10, 2009

Ah a beautiful picture of a commercial airliner flying off into the sunset. Except this particular flight is only symbolic of a new phase in the financial crisis which had many a blogger and most people with any sense of sanity deeply concerned:

Capital Flight

I have been warning since last year about the dangers of this happening. I have been screaming that government meddling in the economy, the distortions created by the actions with Bear Stearns, Fannie and Freddie, the banks and now the automobile companies would finally shatter the full faith and confidence of foreign bond and equity holders in our system. Yet the sheeple just graze on their American Idol peanuts like a bunch of ignorant fools while the financial industry says to Uncle Sam “just save me and the hell with the rest of the country” allowing illegal and unconstitutional interventions which distort the true nature of free markets. This dangerous precedent started under that buffoon Bush with the talk up then forced merger of Bear Stearns, an event most have forgotten about because the markets did not experience the ultimate plunge at that time. If one looks at the volume numbers though you could see that everyone, domestic and internationl institutions alike, were disturbed at the process used to incinerate the equity holders of BSC, and worse, the Federal Reserve’s blatant intervention into the management of the company’s assets which is still reflected in their holdings in Maiden Lane, LLC. that has proven to be a losing proposition thus far.

Fast forward now to the summer of 2008 where Fannie Mae and Freddie Mac were taken over by the government, then AIG, then Citigroup, etc., etc. In each case the corporation’s bondholders were made somewhat whole yet that process is still ongoing due to the complicated nature of some of the derivative contracts and other instruments this same government allowed to be created without any supervision or regulatory clue as to the impact on the financial system as a whole. When you have a bureaucrat with taxpayer dollars to guarantee horrid decisions made by private industries, aka “socializing losses, privatizing profits”, then you have distorted the true nature of capitalism and introduced doubt into the functionality and openness of our markets. The first major action last fall to validate the level of distortions started with Hank Paulson’s false bravado about the necessity of the creation of TARP which has turned into what many of us feared, a taxpayer backed slush fund to allow government takeovers of private corporations without due process. That was followed up with the folly of banning short sales on “financial” companies by the SEC which was a joke as many manufacturers were included in the original list and that accomplished zero, zilch, nada with regards to any stabilization of the system and in fact truly induced some foreign institutions and hedge funds to say “goodbye” to the American markets as open and free participation was now a government controlled function and not a function of the natural activity of markets.

That was under Bush, when the dangerous precedents were set.  Let’s fast forward to the current day and age several months later when a Socialist President Obama has usurped not just the rule of law, but the basic foundations for the establishment of capitalist markets and our system of finance.

To state that the events of the last ninety days are profound is an understatement. I wish to provide an example that most at home can relate to and will exhibit the audacity of hope, change and fascism we are witnessing on a national scale. Imagine you are living happily at home but due to some job problems at your wife’s place of work her pay is cut in half due to the scaling back of hours thanks to the economy. Your pay is also cut back but not to that degree and your household starts to have problems paying its bills. After paying your mortgage payment late a few months, your local bank representative urges you to attend a meeting to discuss this problem to prevent any action of foreclosure against you if you miss another payment. The bank rep says that only one of you need attend so you elect to go so your wife can work that day. You arrive at the bank and sit down with the head of the home loan division and he has a huge file in front of him that contains all of your mortgage paperwork, payment history, etc. The discussion begins about the problems you are having at home and you explain the troubles you are having. The manager looks  you in the eyes and says “Well, it would appear to me the solution is obvious. You will have to divorce your wife if  you wish to remain in your home. If you do not within the next fourteen days, we will begin foreclosure proceedings.”

That fictional scenario is exactly what happened when Obama fired the CEO of General Motors. The independent Chief Executive Officer was terminated by a non-member of the Board of Directors, a non-shareholding interest who’s only action was to act as a loan source for comany operations. That direct and illegal action should have been (and you were warned by these pages) your first hint that that “damned piece of paper” as Bush called it was no longer relevant. The other aspect one had best consider is that the takeover using taxpayer dollars of AIG, Citigroup and other institutions gave the government trading desks to command and the power to order purchases of various instruments to influence the direction of bond and equity markets. Yet few believed in the PPT and write it off as fluffernuttery; however, how can it be dismissed now when Smith Barney/Morgan Stanley’s trading desk along with AIG’s are now under the thumb of government oversight and this administration has demonstrated openly that regulatory oversight and free markets are irrelevant to their activity and desired goals. It can not now nor ever. The non-shareholder forced bankruptcy by the government with imposed redistribution of assets in the 363 filings for Chrysler and General Motors should prove that beyond the shadow of a doubt.

That being said, last night’s Supreme Court decision and lack of intervention has opened the door to a flight of critical proportions. With contract law now essentially up to the whim of a bureaucrat and not the private agreement between two individuals or corporations, there is no viable guarantee that investment dollars via bonds, preferred shares or common shares hold any validity. They now are as viable as a casino chip and to say that I am overstating this is foolishness on your part. Judge Andrew Napalitano on Glenn Beck’s program Monday evening on the Fox News Channel warned that if this case is not heard and the request for a full hearing denied, it would be almost impossible for any contract law to be worth the paper it was printed on as the Federal government, not the rule of law, would be the determining factor in the validity of any aspect of said contract.

The implications of this are obvious as we are now no different than the Russian Mafia run corporations that defaulted on foreign investors on a regular basis in the 1990’s, where the Russian government took over corporations and seized shareholder and bondholders interests without even batting an eyelash. Foreign capital has yet to return to the Republic of Russia with any volume or voracity and thus one has to ask the question:

Are we really that different?

The answer is obviously a resounding “NO” as any guarantee and faith that backed the rule of law behind our investing instruments is now null and void if the Obama administration feels the empathy to say so otherwise. The result will be a quiet, and I do mean very quiet, exodus out of dollar denominated assets and investments by foreign investors, including sovereign wealth funds and banks. As that exit accelerates and becomes more obvious it will be reflected in the TIC report and US Dollar index first and foremost. Once the US Dollar index drops below the 72 level again, the capital flight will become obvious to all parties involved in our nation and the destruction of our financial system will accelerate as the Federal Reserve will be forced to intervene by monetizing the debt at an accelerated pace to offset the selloff of our Treasuries and to prevent a further collapse of the real estate industry domestically. The problem is now set in place for this problem to feed on itself and there is no exit since the politically unpalatable choice of allowing the natural flow of business, bankruptcy and rebirth, to occur. Thus I look for the remainder of this year to be the most politically unstable period of time in modern American history, and for the world to exit our nation financially to preserve their systems to the best of their ability.

Please put your trays and seats in the upright position. Turbulence is ahead.

 

Obama’s Fascist Takeover of the Auto Industry

“This is Obama, and symbols of change are important”

Still think America is a free market?

Think again.  We are now officially, a Fascist Democracy with a usurping despot as a wannabe emperor who has not yet revealed his true hand.

This weekend, Obama implemented the purest form of Mussolini-styled Fascism in his executive takeover of the American Auto Industry.

And Americans are applauding this – like the ignorant useful idiots they are.

Government will now control and run the Auto industry direct from the White House, telling them what kind of cars to make; who can make them , how much money anyone is allowed to make – and soon – what we will be allowed to buy.

But don’t take my word for it – Obama himself told Michigan politicians Carl Levin, his brother, Rep. Sander Levin, and Michigan Sen. Debbie Stabenow, that he planned to put administration staff into the Detroit companies.

Get that?

Obama is putting his own staff in charge of running the auto companies.

Pure Fascism.

How long before Obama puts his staff in charge of running YOUR company?

In the case of the Auto Industry, Obama wants Detroit to make cars HE approves you and I drive.  Namely “green cars”, little tiny cars that run on solar cells or batteries.

In the bailout agreement, there are concerns Obama will direct over a dozen makes of trucks and SUVs that WERE making a profit for GM, to be eliminated.  In their place, will be little Soviet Savants that we will be allowed to drive.

How does Obama get us to buy his little Soviet cars?  Simple.  He will cause gas and oil prices to go through the roof.

We are already down in terms of domestic drilling capacity.  Obama just signed a 2 million acre land grab that eliminates any development of either energy or industry.

But it gets better, along with all of this government control of running private industry – now comes word that the Obama regime and his politburo have plans to not only set the salary of CEO’s and Executives, but to set YOUR SALARY.  

Yup, Obama and the Politburo Stalinists in Congress are going to tell you how much money you will be allowed to make.

More on that in the next entry on the blog.

The march to abject tyranny has just picked up the pace.

To cheers of millions of ignorant idiots filled with envy and rage being stoked by Obama and his Squadrists.

Fascism Has Come: Obama Orders GM CEO To Resign

 

By INVAR

The Tyrant-In-Chief, his holiness Barrack The Hussein, is so full tilt into fascist tyranny, that it absolutely boggles the mind.

Today, The Politco reports that The Obama administration demanded Rick Wagoner, the chairman and CEO of General Motors, step down, and AP reported his departure early in the afternoon without giving any reason for the sudden resignation.

Dear Leader plans to give a Press briefing tomorrow outlining HIS PLANS for the government to run the auto industry after stating on Face The Nation: 

“We think we can have a successful U.S. auto industry. But it’s got to be one that’s realistically designed to weather this storm,” Obama said.

“That’s going to mean a set of sacrifices from all parties involved,” he said. “Everybody’s going to have to come to the table and say it’s important for us to take serious restructuring steps now in order to preserve a brighter future down the road.”

More sacrifices.  More government – controlled and operated industry.  This news comes just a few days after Timothy Geitner announced his calls for more powers in order to seize any business they deem is ‘in trouble”.

Fascism has come ladies and gentlemen, with thunderous applause and hopeful idiots handing liberty to tyrants on a silver platter of ‘too big to fail’.

Obama and his minions at ACORN who are busy stoking up rage against the wealthy and their families with threats of violence coupled with  Obama’s soon-coming civilian army, will evidently have the power to seize and control any business they choose.

It is now a precedent America, that a sitting president – now has the power to fire anyone he chooses, private business or no, and take over any business he wants.

Capitalism and free markets have  just been abolished.

Does anyone even care anymore, or has America gone so off the reservation into Marxism that liberty and freedom no longer matter, only the holiness and supremacy of the State matters?

King George III could not hold a CANDLE to the tyranny we willingly submit to today.

The UAW Stalinists aren’t going to be smiling when their Fuhrer will fire them on a whim because the latest  10lb “green car” doesn’t sell and they need Obama to force us to buy them at gunpoint.

Returning To Zero

By John Galt

On Tuesday, America will weep. No, not the people; the conscience of our society, the Founding Fathers, the Constitution and the fabric which united a diverse group of people into a cohesive society which emerged from serfdom to a monarch and for two hundred plus years created a shining path for capitalists and refugees the world over.

And my soul from out that shadow that lies floating on the floor
Shall be lifted – nevermore!

-Edgar Allen Poe, The Raven

The results of the election tomorrow night will thrill millions and disappoint an equal number. Yet the soul of America, that beating loving caress of freedom slips away into the night as the thieves of our political class steal away all that we believe in, all that we grew up caring about, all that our parents, grandparents and distant relatives fought and died for. Our freedoms shall be worshipped and honored, nevermore.

Our Constitution shall never be the same as thread which binds our societal fabric was damaged but somewhat intact after September 11, 2001 then severed on September 18, 2008. The Reichstag Fire was not in a political hall as in the time of Hindenburg’s Germany but in the proverbial smoke filled rooms of the Federal Reserve Banks nationwide. This fire has allowed the political and banking class to usurp that fine document which codified the ideals of those brave souls who took on the world’s most powerful empire. The American people have unwillingly sacrificed freedom for security, financial stability for trinkets, and private property for “community” without ever a shot being fired.

The embarrassment in the photo above speaks volumes not just about the state of our nation, but of the civilization as a whole. Ground Zero is a hole in the ground. Not a memorial. Not a shining superstructure rebuilt in record time to reflect the resiliency of our nation. No, it is a joke. A sad, miserable testament to the bureaucratic technocracy we are building to become a new, more improved Soviet Union. The fact that we failed to rebuild on the site of the most damaging attack on the continental United States since the British burned Washington, D.C. shall be W’s legacy. The fact that nothing is there shall be the epitaph of an empire in collapse.

The risks we are soon to endure are not those of a people preparing for war, not those of a nation bravely facing another trial by fire, and not those of any measure since World War II. We the people are going to endure a threat from within; to surrender our freedoms in the name of survival, to elevate and reward the creatures who have created our demise, and to allow our legal structure to be usurped in the name of logic to accommodate the rulers of these troubled times. Yet few will raise a voice or object as the funeral pyres begin to burn, leaving only ashes where our Bill of Rights once sat.

Many might view this essay as an attack on President Bush or Obama, McCain or Biden, the Federal Reserve or Hank Paulson; that view would not be incorrect. They are the representatives of the new order, that mindset which divorces the people from the pedestrian duties of being a good citizen by creating enough distractions via bread and circus while they conduct their evil business. The average citizen might think this is too large to comprehend and that the tired slogan of “freedom isn’t free” only applied to the “Greatest Generation” and not to the day to day workings of government or business. Now freedom shall truly not be free. To obtain it, much like the 1950’s banana republics of Central America, you will have to pay for it.

And most will not care, not yet at least.

Tomorrow night, enjoy the computerized gee-whiz imagery and circus like drama created as only Hollywood could do it and scripted for the mainstream media to promote. As each state is “declared” remember the truth; that the despair of our Founding Fathers and Adam Smith is justified; that the screams from their burial vaults is that of the futility of those who believed in free market capitalism and our Constitution begging Americans to do what is right, not what is prudent for their own self-preservation.

The one issue that has never been discussed at any length by either leading political candidate should give one pause and time to reflect on where we are as a nation:

The preservation and enforcement of the United States Constitution as the only law of the land, supreme to all others but the word of God.

Primary Bailout: Marxist Centralized Planning & Abandoning What Made America Great

Primary Bailout

By John Galt

 

October 5, 2008

“Forward, the Light Brigade!”
Was there a man dismay’d?
Not tho’ the soldier knew
 Someone had blunder’d:
Their’s not to make reply,
Their’s not to reason why,
Their’s but to do and die:
Into the valley of Death
 Rode the six hundred.

-Charge of the Light Brigade by Alfred Lord Tennyson

The particular charge for this article is the fiasco that was just completed by only five hundred and thirty four but the futility of their charge will soon be realized by anyone with one half of a clue about the reality of markets, monetary systems and the true reasons behind the largest assault on free market capitalism since the days of Franklin Delano Roosevelt. The real motivations behind what I call the Debt Nationalization Act of 2008 may never be known until Treasury Secretary Henry Paulson writes his memoirs, yet there is a nagging feeling that the days where capital innovation originating in the marketplace have been sunset, hopefully to arise when the dark pall of the new socialist America regresses in a fury of voter vengeance. It would appear that the American public needs to feel the pain of what so many people worldwide have lost their lives to run from and destroy: Marxist centralized planned economies.

Nous Sommes Francais

“We are French.”

While this might offend some people with the inference that it is a derogatory term, that is too bad. As for myself and our fellow frogs of Amerika, this is going to become a larger nightmare than anyone could ever conceive. The lack of hearings on this bill, the lack of study and discussion will come back to haunt our nation in spades. The pork that was loaded into the bill was indicative of the kind of games banana republics of the 1930’s in Latin America and the Caribbean used to play with their budgets which made them the mockery of the capitalist world of the time. Now we are the mocked, the joke, the sad fat bloated buffoon which gets featured on Jerry Springer as the wall to our house is cut out and the socialist forklift hauls our nation’s financial system into a dump truck because we are too large to fit into an ambulance.

The idea that we need centralized planning for our economy reminds me of the days in college where we studied under the Keynesian idealists and some of the professors actually praised a government planning committee to insure that resources and monetary needs were allocated based on a preconceived formula versus the capitalist utilization model where profit was the ultimate motive. Unfortunately the bailout does nothing more than create a GOSPLAN for the United States where not only the management of eighty plus percent of the housing industry now becomes the responsibility of the Department of the Treasury and an office building full of socialist bureaucrats, but the whims of political appointees in positions throughout the cabinet including HUD, the Fed and SEC. Scared yet? Better learn French just to get a taste of what is to come. Also buried in the bill is every wet dream fantasy of Al Gore and the Marxist environmentalist whacko movement laying the tax credit and planning for carbon sequestration, carbon credits along with IRS implications, and the penalties plus benefits for people who live in modern “green” homes and higher taxes for non-conformist homes, which means a tax increase on oh, most of us.

Unfortunately for the Bubblevision cheerleaders, the perception that this will instantly put the twenty percent down in the pockets of every man, woman, child, cat, dog, turtle, illegal, snake or hyena so everyone or anything can buy a home from the modern version of the National Recovery Administration is not only false, but a fantasy that is going to become even more impaired by the inflation this act will create. The only thing that will ultimately occur is that instead of 1,000 to 1,500 banks failing throughout the nation as such respected experts as Nouriel Roubini has speculated about, it is this writer’s opinion that in excess of 3,000 banks are probably doomed to failure. Before the debt nationalization and spurious comments about “urgency” and “disaster” sparked by vague and unsubstantiated comments from Paulson there was and always has been a prudent distrust by the American public of Wall Street, the banking system and most of all the government. Instead of calming these markets and the underlying institutions within our quasi-capitalist system, the actions of Bush, Paulson, the so-called Financial Mainstream Media, and our politicians has initiated a justifiable panic and loss of confidence in a system which was built upon data streams fraught with fraud and deliberate distortion. This is so much like the Euro-socialist model where the bad news was and always has been manipulated for political purposes instead of defining finite data points where capitalists can exploit the situation and expand economies using traditional investing methods.

Sadly, ever since John F. Kennedy, the concept of data distortion is now the unwritten policy of every administration and this is one of the reasons we have landed where we are today. The market’s distrust of inflation, unemployment, credit, real estate, and durable goods reports is one of the reasons the honest and practical investor is no longer wishing to participate in the system which appears “rigged” to the untrained eye. To the trained eye, with the manipulations and massive interventions in the system by central bankers worldwide and weekly edicts changing trading rules and roles, they know it has turned into a roulette wheel with a large magnet under the wheel designed to favor the few and punish the rest of the gambling public. Thus the real reason for this alleged rescue which does nothing but throw a lead laden life preserve and a Mai-Tai with a pretty umbrella to the man struggling in the ocean while sharks circle around him.

The Primary Bailout

Now the question everyone seems to have been asking:

Why the panic, why the sudden emergency, and why are foreign banks included?

I think the following list from the Federal Reserve Bank of New York will answer your question.

 

List of the Primary Government Securities Dealers Reporting to the Government Securities Dealers Statistics Unit of the Federal Reserve Bank of New York

BNP Paribas Securities Corp.
Banc of America Securities LLC
Barclays Capital Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Daiwa Securities America Inc.
Deutsche Bank Securities Inc.
Dresdner Kleinwort Securities LLC
Goldman, Sachs & Co.
Greenwich Capital Markets, Inc.
HSBC Securities (USA) Inc.
J. P. Morgan Securities Inc.
Merrill Lynch Government Securities Inc.
Mizuho Securities USA Inc.
Morgan Stanley & Co. Incorporated
UBS Securities LLC.

If you notice those banks that are highlighted in red and bolded, they are all American subsidiaries of foreign banks with operations inside the United States. Since July 15, 2008 Countrywide Financial, Lehman Brothers and of course Bear Stearns have been removed from the list of Primary Dealers for United States Treasury Securities, leaving only seven domestically based operations and none of the American banks remaining operating solely as investment banks. What a difference a year makes.

This now begs the question, why the sense of urgency. The answer is simple. If the United States Government, meaning the legislative and executive branches did not reach an accommodation to create valuations for the so-called toxic debt instruments and agree to buy a substantial portion of them back into the U.S. Treasury portfolio, they would refuse to buy United States Treasury debt instruments, in essence blackmailing the people of this country into creating a market which was created under false Level III pretenses.

Although this entire piece is just my opinion, it does not take a rocket scientist or Hockey Mom from Alaska to figure this out. Without the primary dealership network, the U.S. Treasury would have auctions which consist of some computerized bids and a very empty room with a few drunks from the closed Lehman bond desk who act as bidders but haven’t received the memo that their company has been wiped out by Goldman’s right hand man, Hanky Panky Paulson. The foreign bidders are critical to the survival of the United States because we have to raise over $2,000,000,000.00 per day to keep the lights on and justify the existence of thousands of stupid people enforcing thousands of needless and stupid regulations. It also keeps the stupid people populations down on our streets, which is a net positive but is financially inefficient. If the foreign bidders via the banks in the primary dealer network from Scotland, Japan, Hong Kong, Germany, Switzerland, France, and the United Kingdom is not enough of a concern, add in the threat from our own institutions refusing to use their Caribbean Island proxy hedge funds to buy also.

Ignored in this flurry of fluffernuttery and malfeasance was the streamlining of a thirty day application process by one Ben Bernanke to enable Goldman and Morgan to divest themselves of the “investment bank” tag and become commercial retail banks in five freaking days. Gee, do you think the bank examiners still dusting themselves off at the craters Indymac, Washington Mutual and Wachovia have had enough time to review the books at GS and MS to insure that they are viable commercial banks? Probably not but “Ben’s” word is good enough for me (snicker). So if they were not allowed to change their structure, begin the process of gifts from the FDIC of free deposits and the ability to leverage funds in an unlimited manner via the new zero reserve requirement, what incentive would they have to call their offices in the cubicles down the hall and tell them to buy half a billion in government paper for the Pirates of the Caribbean? None. So the game was rigged and allowed to proceed forward at all costs, including the middle class and integrity of our markets, and voila, instant bailout.

If the President and Legislature refused to move forward on a taxpayer funded boondoggle to destroy the monetary system by acquiring assets at prices way in excess of their underlying value, the banksters were going to blackmail the United States public by destroying their retirements and deflating everything in sight to insure that no politician was safe in their comfortable position and the American public would be in full outrage mode to restructure both political parties and quite possibly the political system currently in place. Since the deal of 1913 was the first institutionalized incident of M.A.D. (Mutually-Assured-Destruction) of record and the Federal Reserve reminded the politicians of this, it was completely evident after the so-called meltdown on September 29th, that action of some sort would have to be taken, taxpayer be damned.

Taxpayer Benefits or “There’s a Sucker born every minute”

Now the political talking heads, the lying elected officials and so-called financial press are all reporting the “aw gee, this is so wonderful the homeowners won’t have their homes foreclosed on and the reforms in this bill are so sweeping that we have planned for the future that the taxpayer could actually turn a profit on these turds.”

If you believe that one, please contact me immediately as I have a printer and I love selling promises to stupid people.

The reality of what this will cost will start to hit home in about forty-eight hours. The insipid and insane FDIC insurance increase from $100,000 to $250,000 decades after inflation has already made the U.S. Dollar worth about $0.146  (That’s in 1967 dollars per the BLS) is only adding insult to injury. The real purpose was to prevent a bank run by wealthier depositors at smaller institutions which are on the GS and MS Christmas shopping list submitted as part of the “we’ll keep buying Treasuries if…” bailout provisions. Add in the costs that will be passed on to the smaller depositors and you can say goodbye to free checking, free online bill paying, free ATM usage, etc., etc. But don’t worry, increasing fees, creating unlimited reserves and diluting the monetary base is not inflationary because Ben told me so; allegedly.

Next will be an array of fees and tax increases across the government spectrum to raise revenues for everything from boarding an airplane to breathing as they have to raise money in the face of declining economic activity and since government is ruled by generally the least intelligent life forms other than those that lay their eggs on cowpies, it is about a 99.9% assurance that taxes and fees will be increased even as GDP sinks lower, and lower, and lower.

The one benefit for those taxpayers “who qualify” has been highlighted under Section 110 of the debt nationalization act, but there will be consequences to that. The mortgage forbearance program has been established to help homeowners before foreclosure proceedings begin or bankruptcy filings have been made. That could prove to be a great political benefit for any political party in power that is suffering from the market based reality of declining real estate prices and the inability of their constituents to read a contract. The other pork in the bill guarantees that biodiesel will be manufactured against the will of the market place and energy efficiency will be imposed as opposed to allowing market forces to take effect and do the job that Americans won’t do. None of the solutions or pork proposals are based on free market capitalism so Ellsworth Monkton Toohey, aka Lawrence Kudlow will have to go back to haranguing about “Goldilocks” and the fictional drug induced booming economy he perceives to see in his world of purple dinosaurs and hand mirrors on his dressing room desk.

And now the Consequences of Abandoning What Made America Great

The lesson of this past week is as obvious as the truth of the blue stained dress:

Capitalism, risk and the rule of law matter no more.

America became a great nation because we believed that individuals had the right to succeed or fail based on their abilities or lack thereof. The lesson we began teaching our children started to deteriorate with the ‘no scoreboard’ mentality at Little League Baseball games and furthered with the rewarding of mediocrity in our eduction system. That lesson has carried through to our political elites, ruling economic class and the middle class of America:

Failure is an option, and not a bad one at that; as long as it is your political opponent and their supporters.

Because you can never really fail as long as you force the remainder of the population to fork up blood, sweat, tears and dollars at gun point to reward the losers of society and let the misdeeds of the ruling class go unpunished. If an investor recognizes the shortcomings of a particular company and wishes to perform the legal act of shorting their equity because of the mistakes, the solution is simple; ban the activity on that stock and tell the investor that he’s evil for exercising his plans within the rule of law. However the CFO who maliciously assists in the creation of questionable investment vehicles for that same company has no fear of prosecution, as long as they are inside the game, purchasing the securities of the other players and government and becoming “too large to fail.”

That lesson has been transferred across our society and is best illustrated by the latest data that the mainstream media reported from this same inept government that approximately fifty seven percent of our population is receiving some sort of check or benefit from the government. So why not increase it to a nice, fat round sixty-five percent and tell the other thirty-five to shut up and “do their patriotic duty” to prevent the “safety net” from failing.

Instead of the process where the weak, inept and mismanaged are allowed to die and stronger companies with more dynamic models to replace them allowed to flourish, the good old boy network established by FDR and expanded by every President ever since has allowed a diversified group of companies that should not exist in a normal, straightforward Adam Smith model to survive every downturn or inept strategic decision. The result has been to pass judgment on companies not based on their capitalist performance, but on their ability to promote the “public good” or the contribution to the society as a whole. This is neither capitalist nor desirable in any society and the Soviet model best illustrates why with the automotive industry which flourished under the USSR Communist Party hierarchy, but  in reality produced substandard products at prices totally out of line with the realities of the marketplace. Now one more time, someone please tell me the difference between the failed Soviet auto industry and the derivative models and quant hedge fund programs invented by our zit faced math whizzes just one more time?

What this means for our future is a bleak attempt at the “Lost Decade” model of Japan except the extreme risk of hyperinflation has been introduced not just into the U.S. Currency but into fiat currencies worldwide. The question is which central bank will shut it down first and try to establish a sound monetary base instead of an unlimited inflationary based economic model. My fear is that the entitlement society that America has become along with the aging work force and lack of an industrialized base will make any type of recovery a purely digital fantasy with short term hope being destroyed with long term reality. As American economic reporting is a mark to fantasy  model at best, outright blatant political lies at worst, the lack of consistent and viable data measurements will result in a floundering nation with little desire by foreign investors to plow trillions into the black hole located in the District of Columbia. In the end, we will not witness ’stagflation’ per se; the consequences will be a persistent, grinding inflation with negative economic growth, some quarters worse than others and vice versa, destroying the viability of the current American system of the Federal Reserve central banking model and the political class shall emerge being viewed as the savior as opposed to self-reliance and the Constitutional alternatives.
The end result of two weeks of hysteria and rhetoric is that our Primary Dealership network for the Fed will remain intact and the banking system is now subservient to the political parties in control. This two shall see a reversal of roles as the ecnomic decline accelerates. The new era of emerging superbanks, able to create a new fractional reserve system with the limits only being the ability of the display screen to show numbers and the IT departments at the banks learning how to calculate “quadrillions” into the formulas has begun. As the superbanks in the U.S. and Europe begin to absorb those institutions deemed worthy of saving, billions, perhaps hundreds of billions of depositor’s wealth will be wiped out in uninsured accounts, money market funds that collapse and equity liquidations.

Welcome to the brave new world boys and girls.

Mr. Toohey would be proud.