Activecitizen54's Blog

Weekend Warnings

Posted in 1 by activecitizen54 on January 16, 2010

Weekend Warnings.

Over the past several months we’ve presented the information about the Federal Reserve Board being a Private Banking Cartel, documented the manipulation of markets and the global economy by the FED and tied the FED to the real estate and war bubble economies that the Stock Market has robbed us through.

The ties to the Banking interests that rule Obama’s administration as Matt Taibbi describes (As reported in Rolling Stone) are only reinforced with Bernanke and Geithner’s actions throughout this crisis and the Oligarchy, the Corporate Wall Street Banking Communists are held harmless for their Ponzi schemes to all of our expense when Bernanke just threw open the US Treasury vault to their raid.  Matt Taibbi’s website has continued discussion on this topic of the Wall Street loaded administration.

George W Bush is very instrumental in this economic collapse and the ensuing give-away because of the failure of regulation and the inability of Federal Regulators to examine or understand the flaws being built within the system as Bernanke kept interest rates to give-away to the Banks low rates. Bush’s initiative to push liars loans in home mortgages (2004) and the predatory practices of individual lenders amplified the instability in the house of cards being built by the Bush Administration within the housing market.

While this inherently flawed lending was going on, as a direct result of Clinton’s removal of the Glass-Steagall act of 1933 separating investment banking from commercial banking, the investment side of the banking houses decided they would gamble on these mortgages in a big crap shoot designed to defraud investors by bundling them into derivatives and then bet against the success of those flawed instruments of investment through credit default swaps and insurance.  This is a “heads you lose-tails you lose” gambling structure constructed by Wall Street greed and is what drove AIG off the brink.

Adding insult to injury in this home mortgage meltdown is the lowering of the mandated capital reserves that banks must maintain which exposed the institutions to a much greater risk of failure and burdened Fannie Mae and Freddy Mac as they reimbursed the banks for the mortgages.

Rife with scandal since the arrival of the Bush Administration Fannie Mae’s chief executive Franklin Raines, chief financial officer J. Timothy Howard and the former controller Leanne G. Spencer are accused of manipulation of Fannie Mae earning to maximize their bonuses.  The US Regulators filed 101 civil charges in the lawsuit designed to recoup more than $115 million in bonus payments, collectively accrued by the trio from 1998-2004, and about $100 million in penalties for their involvement in the accounting scandal.

Also, in June of 2008 the Wall Street Journal reported that two former CEOs of Fannie Mae, James A Johnson and Franklin Raines received loans below market rate from Countrywide Financial.  Fannie Mae was the biggest buyer of Countrywide’s mortgages.

Fanny Mae and Freddie Mac’s lobby have given contributions to lawmakers sitting on committees that primarily regulate their industry in the House Financial Serviced Committee, the Senate Banking, Housing & Urban Affairs Committee, or the Senate Finance Committee and others who have seats on the Appropriations or Ways& Means committees.

Barney Frank, a member of the House financial Service Committee since 1991, who is currently the chair, was romantically involved with Herb Moses an executive at Fannie Mae who helped develop many of Fanny Mae’s affordable housing and home improvement programs.  Many lawmakers have called this a “conflict of interest” but the reality of this is that without a registered Domestic Partnership or legal same-sex marriage the relationship remains hearsay and is unrecognized.  There is no documentation or evidence of the allegations of conflict of interest against Mr. Barney Frank resulting from this association with Herb Moses.

What are the lessons learned?

More than any other cause the lack of regulation, the removal of Glass-Steagall is a prime contributing factor to this financial crisis and the foundation lies with President Bill Clinton’s removal of the wall of separation between commercial banking and investment banking.  President George W Bush’s ignorance and direct orders to reduce and eliminate regulation and regulator’s oversight in these mortgage instruments.

History will, beyond a shadow of a doubt, record George W Bush as the worst United States President in the history of this nation.  It is a direct result of the election of a “Faith-Based” President that precipitated the Al Qaeda attacks on the World Trade Towers on 9/11/01 and this child of privilege with his lies and ignorant cowboy mentality involved us in illegal war, torture of prisoners and single-handedly delivered to President Barack H Obama a nation in ruins from his Cult of Jesus Republican Presidency.

The Bush legacy is an economy blindsided by the Mercenary Army employed by the Bush/Cheney administration and the costs hidden during the Bush/Cheney administration.  A domestic economy that is tentatively stable at the moment by the largest transfer of wealth ever into the private sector from the Government but remains tenuous at best with the looming home foreclosure crisis and the inability of United States Citizens, the Middle Class, to keep up the debt load placed upon them in 10%+ unemployment by this huge fraud and the results of NAFTA moving employment opportunities in manufacturing overseas.

The American People are owed the criminal trials of Bush, Cheney, Paulson, Bernanke, Ruben and Geithner as well as 404 members of the Senate and Congress to restore faith in their government.

The American People are owed a Bail-out, a New Deal, in reparation for the rape an pillaging of the US Treasury effected by the Bush Administration and continued by the Obama Administration’s sweetheart deals to Wall Street and the continued removal of moral hazard from the Wall Street and Banking industry by guaranteeing the continued bail outs and a blank check to Fanny Mae and Freddy Mac.

President Obama’s policy has made remarkable strides in stabilizing the crisis but the cost is exclusively at the expense of the American Middle Class and poor who will face double-digit inflation, increasing tax burdens and reduction of services that are inevitable in the current economic environment.

The grave disconnect here is in the Senate and Congress of the United States of America that is now composed of politicians who are purchased by the Wall Street, Banking, Insurance and Corporate Communist’s lobbyists and Campaign Contributions that amount to open bribery.

The quickest and cleanest example of this is the Health Care Reform legislation where 65% of Americans support Single Payer Universal Health Care and what our Congress and Senate produce is a give-away to the Insurance Companies, Drug Companies and sells out the American People with mandated purchase of valueless insurance with high deductibles and leaves the individual exposed to Insurance industry greed, fraud and abuse as it exists now.  Americans are no longer allowed to purchase drugs from Canada or overseas at vastly reduced prices because of the Drug Company greed driving legislation within the United States and backroom deals with President Obama.

The disconnect of the American Citizens is greater on the topics of War.  Starting with the longest running war in United States history, the War on Drugs, the American people are 80% in favor of just ending the War on Drugs and turning our focus to medical care and not criminalization of humans with medical problems.  The American people support removing the underlying causes of poverty, lack of education and social disparity rather than pissing our money away manipulating governments in Central and South America, poisoning the environment with aerial spraying of herbicides driving a half-million humans into refugee status and inducing the Mexican Drug War’s murderous record.  Americans are compassionate and right-thinking humans who see this failed prohibition clearly and understand just how this is driven by the tobacco and alcohol lobby.  Stop the insanity now.

The American People are 70% against the War in Afghanistan and our Congress is preparing to mount a piece of legislation to fund this war’s increased costs with the proposed escalation.  We the people must make a concerted effort to deny the funding of this escalation of war in Afghanistan.  If we refuse to fund this military action the President will have no option but bring the action to an end.  Just say “NO!”

The same is true for the fraudulent war in Iraq.  The American Citizens must demand that funding of these actions end now and put the money we piss away in the sands to support Halliburton, XE or whatever the lying, stealing, No-Bid Contractors and fiat governments are draining away from the future prosperity of this once great nation back to work for the United States Citizens.

It’s long past time that the American Citizens were recognized in the political processes of this nation.  We Americans are not fools.  We see the corruption and the bribery and the resulting legislation in Banking Reform that is an insult to us.  This travesty of Governance existing today must come to an end.

We see, we understand the manipulation of the FED and demand an audit and the removal of this Oligarchy from the American economic process now.

Facing us now, as voters, is the new electronic voting machine that is documented as being vulnerable to election fraud with the Proposition 8 exit polling results providing documentation enough to cause alarm nationwide.

With many thanks to the Brad Blog for this video clip demonstrating the opinions and actions of the Bush Presidency we may all rest a little better knowing this creäture is replaced and change is happening thanks to President Obama.

I must point out at this instant that the Brad Blog has almost single-handedly brought justice to the Voting Rights of citizens in Kentucky’s Clay County. The lesson here is that we all must remain constantly vigilant.

Why must we become active within the political systems?

George W Bush and his Faith Based Presidency is the shining star of exactly why we all must take responsibility and bring accountability to our representatives.  The Cults of Jesus taking over and driving the Republican Party into the near extinction it enjoys now is only one small indicator.  We each must act to insure that these Dominionist Theocrats that the Republican Party has become do not gain strength in government is the only way we are able to drive world peace.   The Cults of Jesus are focused on their end-times and desire the Apocalypse and rapture and will insanely work to that goal as George W Bush and Dick Cheney demonstrated.

Americans are concerned, deeply concerned with the costs of the Wars, the costs of Health Care, the costs of the Wall Street and Banking crisis and the costs of maintaining moral leadership Globally.

Americans are concerned at the dependence we have on foreign oil, foreign manufacturing and foreign purchase of this nation.  We work to buy American but see clearly that the Corporate Communists are focused exclusively on lining their pockets at our expense by moving employment to third-world nations where they pay a mere pittance for the slave labor at their disposal without having to provide any benefits to their labor inflating their profits to drive more money into the bribery of the purchased politicians on Capital Hill.

The cure may begin with a “Move Your Money” movement to express grave dissatisfaction with the “Too Big To Fail” but also extends through the 100 mile rule and buying American products.  The “Take Back America Movement” understands clearly that we have to reestablish the manufacturing base within the United States by taxation of imports and the Corporate Communists who have diligently worked for the destruction of the American Middle Class.

Americans have to take their Voting Rights seriously and become constantly and effectively vigilant of the subversion of our Government by the Corporate Communists, the Cults of Jesus and the grave threats to our Liberties, Freedom and Lives that these clear and present dangers present.  The Supreme Court is poised to open the floodgates of Corporate Spending within our political process and this Corporate Communism within our political process is eminent danger to all.

The Right-Wing Republican Cults of Jesus have utilized Al Qaeda as a boogie-man to deprive United States Citizens of their liberties, to make a run upon the United States Constitution, to create the Imperial Presidency and push a New World Order.  The reality is that the United States Government trained and armed Al Qaeda to resist the USSR in Afghanistan and that training and equipment turned against us with the clearly voiced goal of Al Qaeda being the “bankrupting of America” as happened to the USSR.  Bush  and Cheney fed that goal and the world is not a safer place as a result.  Americans are no safer for the Homeland Security that denies our personal liberty in travel.

Americans are not Drug-Free after 30+ years of the War on Drugs insanity.

America is not more prosperous after the “trickle-down” voodoo economics of Reagan.  The economy lays in ruins from the rapid erosion of the manufacturing base that was the safety net of the Middle Class and it is the Middle Class that makes this nation great.  American Corporate Communists are much better off and so are the top 1% who have hoarded the prosperity of this nation into obscene profits of the “Too Big To Fail” and the hands of the elite Oligarchy who have had it too good for far too long without any social consciousness or desire to have America prosper.  For three decades the Corporate Communists have raped and pillaged this nation’s backbone by wage and benefit reduction while the productivity of the workforce has exponentially expanded.  We, those who have built this nation, are locked out of our fair share of the profits and those profits are turned against us by the FED’s manipulation of the economy.

Americans, all Americans must stand up and demand that Main Street America becomes the focus of this government that has sold us out for too long.  The time is now.  We are no longer able to withstand the constant drain on our economy that Wars, failed prohibitions and disastrous financial policy has heaped upon us.  Americans must, for themselves, restore this economy with small business investments, restoration of production facilities of manufacturing goods for sale within this nation and stop the bleeding of America.

Vote with your dollars.  Vote in any and every election.  Vote for the restoration and continued success of America by doing what you are able to insure your dollars stay within the USA.

It’s time for a wholesale housecleaning in Washington, DC and that starts in the 2010 election but will continue through 2012 and 2014 before we are able to remove the treasonous bastards who have sold-out Main Street to the Wall Street, Banking and Corporate Communist greed that’s lined their pockets and campaigns.  Americans must take back their government and do it now.  404 Senators and Congressmen voted for the constitutional amendment that institutionalized discrimination and they continue to remove our liberties and plan on taxing us to death to pay for their spending free-for-all.  Restore America and vote.

2 Responses

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  1. Jeff Mitchell said, on January 16, 2010 at 11:36 pm

    There’s many points in this post that I find so completely and articulately accurate, and, indeed, personally enlightening. For instance . . . “The American People are owed the criminal trials of Bush, Cheney, Paulson, Bernanke, Ruben and Geithner as well as 404 members of the Senate and Congress to restore faith in their government.” Such is vital in order for the citizens of the United States to achieve not only justice, but to establish an important historic perspective from which we can grow and evolve as a nation and culture. Good job, 54!

  2. activecitizen54 said, on January 17, 2010 at 2:59 am

    Thanks Jeff. Tell your friends, spread the word and watch what’s coming. Janine Wadel’s “Shadow Elite” helps to define why we haven’t seen these criminals come to trial. It is my hope that with enough of the American People calling for justice the government will have to bend to the will of the people. The United States was once a leader by example because of the diversity, integrity and honesty of the American People and our hijacked political system, the oppression of the population by the Corporate Communists Greed, the Banking and Wall Street fraud has brought us to our knees. I intend to be in the first line of the gathering storm that will restore America and Americans.

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