Pull the rug from under the evil elite

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Pull the rug from under the evil elite

Postby WHTT on Thu May 13, 2010 4:36 pm

Greetings,

New here. Just found Simon's work and web site a few hours ago. Mind-shockingly good work.

This is primarily for U.S. citizens, although I'd like good folks worldwide to understand "Glass-Steagall."

Right now, under U.S. Senate debate is the Dodd S.3217 "American Financial Stability Act of 2010," which is a big mishmash BUT contains Amendment 3884, to re-establish Glass-Steagall (FDR legislation which separated commercial banking from gambling in the stock markets, not to mention worse inventions of recent decades). It was only some eight pages, but protected a lot for almost 50 years--got stripped away, mostly in 1999, and so did a lot of other regulation of financial ops. I hope you know.

It can't get voted on in Senate until next week. Has the votes, but we are fighting the same evil slime mold that is/was behind September 11, 2001. It needs people-pressure, from anywhere. A letter to the editor in Norway could conceivably help.

This bill passes with this amendment and we are very well on our way to bankrupting the bankrupt sons-of-bitches. Not only will we re-establish the above-mentioned separation, but we will protect the USA from a crash like that happening in the Eurozone right now. More important, we will be well on our way, internationally, to turning their ponzi-scheme fraudulent accounting riches into scrap paper (the rug from under them).

So this admittedly pathetic brief post is asking you to do whatever you can to make it happen. If you are a constituent of a Congresscritter, lean on them, please.

This is the bad guys' worst nightmare and they are doing all sorts of sh#t to not let it happen. Threats, divide and conquer, lies, stalling for time, the usual.

Every little bit helps. I hope this makes some sense to someone.

Thanks.
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Postby D.Duck on Thu May 13, 2010 5:02 pm

WHTT,

I know exactly what you are talking about and its time to act fast,so please, can you be a little more specific what people can do that are outside the USA and what people can that are in the States.

Thanks for bringing this up and you are right, some guys in suits are going to get bitchslaped.


Best
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Postby hoi.polloi on Thu May 13, 2010 5:26 pm

Can you please explain, as quickly as possible if you know, what the other attachments are?

Sometimes they make a big deal out of a little piece of something and then it gets stricken at the last minute and it defeats the purpose of accepting the bulk of the document.

Let's see what we have to accept in order to pull this off and I will get people mobilized.
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Postby WHTT on Thu May 13, 2010 6:20 pm

hoi.polloi,

If amendment 3884, to re-establish Glass-Steagall were struck, I wouldn't bother Here's a quick look at the mess -http://kstreetresearch.com/portal/?tag=s-3217 - It's band-aids, politicking ans stalling in my view. I don't think they can get away with putting anything significantly bad in, and a lot of stuff some people might consider good or useful pales in comparison to G-S.

---------
D.Duck,

I'm pleased my post made some sense to you. Really, beyond what I said, I don't have any genius suggestions as to what action to take. Constituents can try to lean on Senators' offices or encourage others to do so. People can share their understanding and try to educate others so they will push in the right direction...

Search < Dodd S.3217 3884 > and see if you get inspired? Just try to spread the word?

Thanks, people.
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Postby D.Duck on Fri May 14, 2010 3:24 am

WHTT,

The only thing I don't like about the bill is, if used in the wrong way it could mean more Government and more power to Geithner.

I don't really see a problem with Government but I see a big problem with some guys running the Government, if you know what I mean.

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Postby hoi.polloi on Fri May 14, 2010 11:30 am

D.Duck @ May 14 2010, 03:24 AM wrote: WHTT,

The only thing I don't like about the bill is, if used in the wrong way it could mean more Government and more power to Geithner.

I don't really see a problem with Government but I see a big problem with some guys running the Government, if you know what I mean.

D.Duck


I agree. Even more power to the Fed and to the Ford Foundation are high prices to pay for some patchwork.
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Postby WHTT on Fri May 14, 2010 2:18 pm

How can the the bill give any more power to the fed or Timmy? As to the Ford Fdn comment, I can only guess that's re Timmy's upbringing--Ford Fdn doesn't need any more power.

The rats in the Obama administration are *against Glass-Steagall. Rabidly.* Here's why:

Now, every financial institution is engaged in trading. Under Glass-Steagall they all have to decide whether to be a (for example) commercial bank protected by the FDIC and federal regulation for the General Welfare, or stay in the collapsing speculative bubble disaster. So *this 'little amendment' undercuts the system that everyone has been herded into.*

We are looking at a crucial flank in the fight to restore the Constitutional system as opposed to the reigning imperial “money is the source and measure of all value” system.

A key operation has been making sovereign nation-state governments too weak to protect themselves from the financial empire which speculates on currencies, food, and other essentials to quality of life and to human dignity.

Further, their using monetary policy to do genocide goes phfffft once Glass-Steagall is reinstated and spreads. Africa, for example, can develop; and, trust me, (not CNN) they want to.

A wholly different approach to economics is restored: How do we make things better in the short, medium, and long term future instead of How do I hedge my financial speculations today?

We human beings cannot feed and house ourselves with derivatives and such nonsense. Apologies to the sensibilities of kids who’ve been ill-educated otherwise, but we have to produce stuff. And it’s more fun with a tractor than with back-breaking labor. It’s more fun with electricity, water systems, public health and education and so forth. It’s more fun with leisure time. It’s more fun when we are beginning to explore the solar system.

The present finance system is but a bubble, and it has irrevocably popped. It is finished. Not the first time in history by far, but it is the worst.

The perps either get away with imposing fascism to try to protect their game while things get unimaginably worse, or we go to something that works--something proven already by history.

It is becoming increasingly clear to a whole lot of people that the system of predators is dysfunctional. Less clear to most is a good alternative.

Pass Glass-Steagall, the rest of the world will be sent a strong signal that the U.S. economy is no longer a speculative casino.

That done, we (the people--the worldwide good guys, some of whom are in positions of influence or power) will be able to clean up the nests of rats who have set up in the governments of other nations.

We’re working for what? Our day to day income, or because we have a vision of the future? We have lost the view of the future as a society.

We can win it back through something as simple as going back to regulation of necessary and good banking, *because it has a Constitutional principle underlying it. It’s about the nature of humankind.*

"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness?"

"We the people of the United States, in order to form a more perfect Union, establish Justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, ?"

Americans aren't the only people who ponder those words.

A bet that might bring someone money is nothing of value. The words quoted above carry value. The restoration of Glass-Steagall will carry value.

We are at war. We have a very real good chance to blow up their ammo dump. Our enemies are not resting, but they are vulnerable.

This weekend is crucial. The voting will most probably be over sometime next week.
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Postby hoi.polloi on Fri May 14, 2010 5:28 pm

I think FDR had some things right for the people and I like that.

I assume the question D.Duck asks is about who is going to regulate this. We are still using the illegal system of the Federal Reserve, and I think his concern might be that the more we successfully navigate these enormous problems with that monkey on our back, it's going to give them credit where it isn't due. We must focus our gaze into the eyes of the Fed and declare that this is why we are fighting back. We have been trying to shake the anti-American Fed through folks like Jackson and Lincoln, and it has always infuriated the Rothschilds and London money ... and apparently sometimes ended in a President's untimely demise.

Our bankruptcy and debt is out of this world. We are beholden to China probably several times the land value of our country as measured by our own UK-based standards. The standards drafted by kids who want to make a quick buck off of the very system of life here in 'Beautiful Green Country', regardless of what they are promising. We must raise the bar and realize that our land and country and sovereignty is worth far more than it has been measured by the Empire. It's handsome rhetoric you write from our standpoint as slaves to this foe, but what will this do to help us free us from that? And are you willing to work to frame this argument with the goal of ultimately freeing us from this unconstitutional corporation printing obsolete fiat debt and calling it our national currency?

There seems to be a war going on over words here. 'Development' for instance is a hard one. It often comes with the destruction of 'sovereignty' rather than protecting it ... which I think is a very important issue. We can only hope those things still mean what they did ten (or more) years ago, rather than the way neocons have been using them these days. But strangely, I blocked that sort of thing out of my mind as I read it the first time. You're right that the destruction of sovereignty in general is excused by this speculative 'market'.

Also, riding tractors and exploring space may be fun, but if we never know what new crazy genes we are putting in our bodies and we don't know what NASA is doing with the money while they fake landings in a studio, what good is a stabilized version of these Philip K. Dick-worthy highway robbery schemes?

The biggest problem to me is that while our money and currency no longer might face the casino-goers fate, our very worth is still compared by our lying media to the foreign UK power's ass-backwards view of life instead of our own self-determined self-interest and our connection to this land. The real land - the very continent we are living on which is so bountiful with natural riches. Aren't our Earth securities still stuck in the casino?

So I have two questions:

Do I understand correctly that Glass-Steagall would try to put a stop to the representation of our livelihood as securities created by Harvard fratboys in suits?

If we pass Glass-Steagall, can we consider it a step in the right direction rather than a destruction of the gambling house's store of chips - and as such - expect a Presidential worthy leader who can finish the job? Perhaps print Lincoln greenbacks again? If we slow securities trading, will we finally have an opportunity to force currency to be relevant to the local marketplace?

Or is all this going to set us up for another extorted bailout of the Unamerican Gang?
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Postby hoi.polloi on Fri May 14, 2010 9:21 pm

PS: I am still telling people about it
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Postby hoi.polloi on Sat May 15, 2010 9:31 am

Apparently, there is some language in this package prepared by Senator Bernie Sanders and he occasionally seems like he has his heart in the right place, if you want to look up his audit of the Fed idea. (his self-promotion site: http://sanders.senate.gov/newsroom/news ... 488B3A7DF7 )

So an audit of the Fed is a relatively bold move historically, but does it go far enough? Can we be sure this won't turn into some official pardon of the Fed? Will it be a true audit or end up merely an internal assessment?

It seems to be worth supporting, despite the ongoing coup apparently taking place right now, but what a grim battle! It really is worth talking about at the very least.
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Postby fbenario on Sun May 16, 2010 12:26 am

hoi.polloi 4 May 15 2010, 05:31 AM wrote:Apparently, there is some language in this package prepared by Senator Bernie Sanders and he occasionally seems like he has his heart in the right place, if you want to look up his audit of the Fed idea. (his self-promotion site: http://sanders.senate.gov/newsroom/news ... 488B3A7DF7 )

So an audit of the Fed is a relatively bold move historically, but does it go far enough? Can we be sure this won't turn into some official pardon of the Fed? Will it be a true audit or end up merely an internal assessment?

It seems to be worth supporting, despite the ongoing coup apparently taking place right now, but what a grim battle! It really is worth talking about at the very least.


I don't think Sanders is trustworthy on this. It sounds as if either the perps got to him, or he is shilling for them. Apparently his amendment only requires a one-time review of the Fed's bailout provisions over the last two years, and does NOT call for an actual, independent audit of all Fed operations.

Of course no one's bothered asking if there are any financial institutions - sophisticated enough to conduct an audit - that are actually independent enough of the Fed to be trustworthy. We certainly can't trust the government to audit the Fed.


A compromise measure requiring the government to conduct a one-time and unprecedented audit of the Federal Reserve's emergency-response programs was unanimously approved Tuesday by the Senate as part of sweeping bank reform legislation.
...
The legislation originally would have left open the possibility of future audits, however, Sanders eventually compromised to stipulate that it would be a one-time audit. The measure's house counterparty, which was introduced by long-time Fed opponent, Rep. Ron Paul, R-Texas, permits continuing periodic audits. A measure introduced by Sen. David Vitter, R-La., would have permitted sweeping periodic audits, but it failed Tuesday by a vote of 37-62.

http://www.marketwatch.com/story/senate ... _news_stmp
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Postby WHTT on Sun May 16, 2010 5:54 am

Thanks for your attention to this and thoughtful discussion. I would like to think and write more on it (which is not to suggest I have answers for very much), but immediate personal pressures having nothing to do with this topic suggest I'm not going to be saying a whole lot soon.

I don't see any guarantees anywhere, but that's life, isn't it? And, yes it is definitely part of a process rather than a cure-all as I've tended to present it above, but I believe it's an immediately crucial part. Also, that process is dynamic rather than linear; its not like a bunch of billiard balls crashing against one another and flying about, it's maybe more like Beethoven and harmonies and stuff in an "imperfect" polyphonic system--progress happens because of the gaps and questions, not in spite of them. ['Progress' being another loaded word in the war of word-connotations.]

Back down on the ground... one way this could go immediately--say Tuesday--is that Harry Reid, Senate president, could try to put the bill up for a vote before this amendment gets discussed, but the more people know, the more reaction there will be to evil shenanigans.

Former Fed Reserve chairman Paul Volcker was in London Thursday, meeting with head of Bank of England and promoting his extremely watered down alternative to Glass Steagall. One Volcker speech from Lord Mayor of London's financial district humble residence.

I can't really talk about the Fed without lapsing into vulgar vindictive, nor explain how we get from Glass-Steagall to putting the wood stake through their pumping device, but we have to make it happen.
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Postby hoi.polloi on Mon May 17, 2010 7:21 am

We'll get there.

Thanks for briefing us on this proposal and helping us monitor our leaders. The discussion must spread.

Interesting that Louisiana seems more gung-ho about periodic sweeping Audits than the (in?)famous Ron Paul, fbenario.
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Postby WHTT on Fri May 21, 2010 12:03 pm

Well, the bill was pushed through without the Glass-Steagall amendment on 20 May after a failed attempt on the 19th. 1400 pages of (at best) crap, no matter what the WSJ and others report.

The people were for it, whether in principle or in name. The U.S. Senate has further destroyed its little remaining creditability as an agent of positive change, and our lives worldwide continue to be threatened by the accelerating collapse of an insane system.

Putting in place a firewall between necessary banking functions and the fraud and corruption wrapped up in derivatives (e.g. Glass-Steagall reinstatement) is absolutely necessary to stop the supranational elite from continuing to impose this nightmare on us.

(Meanwhile, Germany acted independent of the EU to curtail some forms of derivatives trading... that is not sufficient, but neither is it unrelated.)

My guess is that Glass-Steagall will resurface with more umpph behind it. We shall see.
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Postby hoi.polloi on Fri May 21, 2010 5:02 pm

Everyone following this should help the Glass-Steagall act get re-instated on its own with as little frills as possible.

There should also be a version connected to destruction of the Fed and replacement with a National currency.

Anyone close to this movement, please take heed that we need to stop the looting of our system or we are going to end up with China, the UK and Mexico picking up the pieces of our collapsed remains. This sucks.
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