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lord_casek

Common Sense 2009

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Never thought I'd be making a thread with a Huffpo article headlining it.

 

http://www.huffingtonpost.com/larry-flynt/common-sense-2009_b_264706.html

Common Sense 2009

 

by: Larry Flynt

 

The American government -- which we once called our government -- has been taken over by Wall Street, the mega-corporations and the super-rich. They are the ones who decide our fate. It is this group of powerful elites, the people President Franklin D. Roosevelt called "economic royalists," who choose our elected officials -- indeed, our very form of government. Both Democrats and Republicans dance to the tune of their corporate masters. In America, corporations do not control the government. In America, corporations are the government.

This was never more obvious than with the Wall Street bailout, whereby the very corporations that caused the collapse of our economy were rewarded with taxpayer dollars. So arrogant, so smug were they that, without a moment's hesitation, they took our money -- yours and mine -- to pay their executives multimillion-dollar bonuses, something they continue doing to this very day. They have no shame. They don't care what you and I think about them. Henry Kissinger refers to us as "useless eaters."

But, you say, we have elected a candidate of change. To which I respond: Do these words of President Obama sound like change?

"A culture of irresponsibility took root, from Wall Street to Washington to Main Street."

There it is. Right there. We are Main Street. We must, according to our president, share the blame. He went on to say: "And a regulatory regime basically crafted in the wake of a 20th-century economic crisis -- the Great Depression -- was overwhelmed by the speed, scope and sophistication of a 21st-century global economy."

This is nonsense.

The reason Wall Street was able to game the system the way it did -- knowing that they would become rich at the expense of the American people (oh, yes, they most certainly knew that) -- was because the financial elite had bribed our legislators to roll back the protections enacted after the Stock Market Crash of 1929.

Congress gutted the Glass-Steagall Act, which separated commercial lending banks from investment banks, and passed the Commodity Futures Modernization Act, which allowed for self-regulation with no oversight. The Securities and Exchange Commission subsequently revised its rules to allow for even less oversight -- and we've all seen how well that worked out. To date, no serious legislation has been offered by the Obama administration to correct these problems.

Instead, Obama wants to increase the oversight power of the Federal Reserve. Never mind that it already had significant oversight power before our most recent economic meltdown, yet failed to take action. Never mind that the Fed is not a government agency but a cartel of private bankers that cannot be held accountable by Washington. Whatever the Fed does with these supposed new oversight powers will be behind closed doors.

Obama's failure to act sends one message loud and clear: He cannot stand up to the powerful Wall Street interests that supplied the bulk of his campaign money for the 2008 election. Nor, for that matter, can Congress, for much the same reason.

Consider what multibillionaire banker David Rockefeller wrote in his 2002 memoirs:

"Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world to build a more integrated global political and economic structure -- one world, if you will. If that's the charge, I stand guilty, and I am proud of it."

Read Rockefeller's words again. He actually admits to working against the "best interests of the United States."

Need more? Here's what Rockefeller said in 1994 at a U.N. dinner: "We are on the verge of a global transformation. All we need is the right major crisis, and the nations will accept the New World Order." They're gaming us. Our country has been stolen from us.

Journalist Matt Taibbi, writing in Rolling Stone, notes that esteemed economist John Kenneth Galbraith laid the 1929 crash at the feet of banking giant Goldman Sachs. Taibbi goes on to say that Goldman Sachs has been behind every other economic downturn as well, including the most recent one. As if that wasn't enough, Goldman Sachs even had a hand in pushing gas prices up to $4 a gallon.

The problem with bankers is longstanding. Here's what one of our Founding Fathers, Thomas Jefferson, had to say about them:

"If the American people ever allow private banks to control the issuance of their currency, first by inflation, and then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their father's conquered."

We all know that the first American Revolution officially began in 1776, with the Declaration of Independence. Less well known is that the single strongest motivating factor for revolution was the colonists' attempt to free themselves from the Bank of England. But how many of you know about the second revolution, referred to by historians as Shays' Rebellion? It took place in 1786-87, and once again the banks were the cause. This time they were putting the screws to America's farmers. Daniel Shays was a farmer in western Massachusetts. Like many other farmers of the day, he was being driven into bankruptcy by the banks' predatory lending practices. (Sound familiar?) Rallying other farmers to his side, Shays led his rebels in an attack on the courts and the local armory. The rebellion itself failed, but a message had been sent: The bankers (and the politicians who supported them) ultimately backed off. As Thomas Jefferson famously quipped in regard to the insurrection: "A little rebellion now and then is a good thing. The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants."

Perhaps it's time to consider that option once again.

I'm calling for a national strike, one designed to close the country down for a day. The intent? Real campaign-finance reform and strong restrictions on lobbying. Because nothing will change until we take corporate money out of politics. Nothing will improve until our politicians are once again answerable to their constituents, not the rich and powerful.

Let's set a date. No one goes to work. No one buys anything. And if that isn't effective -- if the politicians ignore us -- we do it again. And again. And again.

The real war is not between the left and the right. It is between the average American and the ruling class. If we come together on this single issue, everything else will resolve itself. It's time we took back our government from those who would make us their slaves.

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i wish more people could open up their eyes and see this. I'll do it it but i personally think that there are way too many sheep out their for corporate to care if the wide-eyed people stop purchasing...

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I tried to find a credible source for the following Rockefeller quote, but was unsuccessful. Anyone have any ideas?

 

"We are on the verge of a global transformation. All we need is the right major crisis, and the nations will accept the New World Order." David Rockefeller.

 

I googled it, and all I found was a bunch of conspiracy sites. I would be interested to know the context of this quote if it is indeed credible.

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I realize that, but I can't find a credible source, that puts it in his memoirs.

 

Additionally, if it turns out to be a legit quote, I would like to see the context. I have the book coming in from the library now.

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I realize that, but I can't find a credible source, that puts it in his memoirs.

 

Additionally, if it turns out to be a legit quote, I would like to see the context. I have the book coming in from the library now.

 

 

Wait for the book. He says more than a few things that are disturbing.

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Ha!

 

Yeah, good luck.

 

And while you're neutering the corporations and industrialists, have a little think to yourself what will happen to US power if they are bought to heel.

 

 

 

Not saying I don't agree that what is essentially an oligarchy is shit and not what a democracy is about, just saying that this is a very superficial view of the situation. I can promise you now that the EU, Russia and most of all, China would be BEGGING for this to happen. If and when it does, goodbye Us, hello the rest of the world. Don't plan on owning anything else other than a hybrid either!

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Ha!

 

Yeah, good luck.

 

And while you're neutering the corporations and industrialists, have a little think to yourself what will happen to US power if they are bought to heel.

 

 

 

Not saying I don't agree that what is essentially an oligarchy is shit and not what a democracy is about, just saying that this is a very superficial view of the situation. I can promise you now that the EU, Russia and most of all, China would be BEGGING for this to happen. If and when it does, goodbye Us, hello the rest of the world. Don't plan on owning anything else other than a hybrid either!

 

Exactly, our economic power is dependent on internationalism. That being said, NWO conspiracy theorists, like Alex Jones, give internationalists too much credit for world events, and he assumes that they have power to do things they don't. He also assumes that they have all agreed on a multi-point plan that they are carrying out to the letter, which I highly doubt, since disagreement is probably the rule rather than the exception among internationalists.

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This is as good a place as any to post this:

 

 

Federal Reserve loses suit demanding transparency

 

 

NEW YORK (Reuters) - A federal judge on Monday ruled against an effort by the U.S. Federal Reserve to block disclosure of companies that participated in and securities covered by a series of emergency funding programs as the global credit crisis began to intensify.

 

In a 47-page opinion, Chief District Judge Loretta Preska of the federal court in Manhattan said the central bank failed to show that disclosure would cause borrowers in the Federal Reserve System to suffer "imminent competitive harm," by stigmatizing them for using Fed lending programs.

 

"The board essentially speculates on how a borrower might enter a downward spiral of financial instability if its participation in the Federal Reserve lending programs were to be disclosed," she wrote. "Conjecture, without evidence of imminent harm, simply fails to meet the board's burden."

 

Monday's ruling comes as lawmakers and investors demand greater disclosure in how the government manages a series of programs designed to lift the economy out of its deepest recession in decades.

 

The case arose when two Bloomberg News reporters submitted requests under the federal Freedom of Information Act (FOIA) about actions the Fed took to shore up the financial system in 2007 and early 2008, including an expansion of lending programs and the sale of Bear Stearns Cos to JPMorgan Chase & Co <JPM.N>.

 

After the Fed resisted the request, Bloomberg sued to compel disclosure.

 

Preska concluded the Fed "improperly withheld agency records in response to a FOIA request by conducting an inadequate search," she wrote.

 

FOIA obliges federal agencies to make government documents available to the public, subject to various exemptions.

 

Bloomberg News and the Fed did not immediately return requests for comment.

 

The case is: Bloomberg LP v. Board of Governors of the Federal Reserve System, U.S. District Court, Southern District of New York (Manhattan), No. 08-9595.

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wow casek i never thought i'd see the day you posted something like that! so we want greater government regulation in the financial sector hey? i agree. also ending the post with a statement so reminiscent of Marx's "the history of man is the history of class struggle" wow.

 

It is a total load of bullshit that the crisis is not the fault of people on 'main st' as well. If you are in favour of freedom and personal liberty etc then you have to face up to the fact that if someone is a dipshit and thinks they are entitled to live a life of overindulgence financed by credit then they should have to face up to the consequences of their own actions.

 

of course thats criticism of the writer of the article i presume the poster agrees with me to some extent at least

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wow casek i never thought i'd see the day you posted something like that! so we want greater government regulation in the financial sector hey? i agree. also ending the post with a statement so reminiscent of Marx's "the history of man is the history of class struggle" wow.

 

It is a total load of bullshit that the crisis is not the fault of people on 'main st' as well. If you are in favour of freedom and personal liberty etc then you have to face up to the fact that if someone is a dipshit and thinks they are entitled to live a life of overindulgence financed by credit then they should have to face up to the consequences of their own actions.

 

of course thats criticism of the writer of the article i presume the poster agrees with me to some extent at least

 

 

It really isn't the peoples fault. It's banks, hedge funds, big government poking and prodding loans on people, inflation, deflation, etc.

 

We do live an indulgent life, though.

 

I like Larry Flynt. He's rebellious.

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It's time we took back our government from those who would make us their slaves.

 

This is the line I like best.

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