Wednesday, October 01, 2008

The second Great Depression is well on its way and this bail out will only put it off. If McCain can not be stolen in Executive order # 51 will be!

Executive order #51 is a terrible power in Bush or McCain's hands!

You may remember I have done numerous stories on this rapidly developing perfect storm with the rapid slide into Forever war instigated by Bush as the world militarizes and unites to take on Bush and his insistance of dominating the world and having his way. For years trying to wake up every senator, Congressman, media outlet, anyone that would listen that everything Bush has done to worsen the plight of the middle class and widen the gap between the have's and have nots has been done to create Bush's idea of a new societal order. He has been following from day one what I know as the Russian Doctrine of Destruction first used by Russia in the 1860s It is on my website Divide and Conquer! You must create disorder so you can come to the rescue with your new order to replace it. Bush is doing it here and around the world or so he thinks!

You see what he is doing around the world instigating war while the country is occupied with the financial collapse of America that was set up under his guise! This entire mess makes him look inept which he is but all of it has been done on purpose with the end goal of emplacing Executive order #51 if this 3rd election can not be stolen for McCain. The foundation for this to happen is increasingly being set and I am very concerned for our future. This perfect manufactured storm comes closer to fruition every day. Wachovia is now being absorbed and that blows me away. This bailout will do nothing but further the Bankrupting of America and pushing back our Demise to this fall or certainly before January 20th when Bush will be forced to invoke Executive order # 51. I have posted numerous times on this still developing 2nd greatest Depression. just remember what party was at the helm then and that it took war to get us out because what goes aroung comes around and what is preparing to happen will dwarf WW2 and the Great depression combined because we are in a purposely weakoned state and it is all happening at the same time!

While Greenspan warns this collapse could be worse than the depression and Bush warns of the severe damage it could cause the country if the bail out is not passed I just want to remind you of what an expert Michael Whitnry wrote explaining this set up 20 months ago:

Greenspan successfully piloted the nation into virtual insolvency. In fact, the parallels between our present situation and the period preceding the Great Depression are striking. Just as massive debt was accumulating in the market from the purchase of stocks "on margin", so too, mortgage debt between 2000 and 2006 soared from $4.8 trillion to $9.5 trillion. In both cases the "wealth effect" spawned a spending spree which looked like growth but was really the steady, insidious expansion of debt which generated economic activity. In both periods wages were either flat or declining and the gap between rich and working class was growing more extreme by the year. As Paul Alexander Gusmorino said in his article, "Main Causes of the Great Depression": "Many factors played a role in bringing about the depression; however, the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920's, and the extensive stock market speculation that took place during the latter part that same decade".

The same factors are at work today except that the speculation is in real estate rather than stocks. Just as in the 1920's the equity bubble was not created by wages keeping pace with productivity (the healthy formula for growth) but by the expansion of personal debt. Also, one could buy stocks without the money to purchase them, just as one can buy a $600,000 or $700,000 house today with zero-down and no monthly payment on the principle for years to come. The current account deficit ($800 billion) could also weigh heavily in any economic shake-up that may be forthcoming. Bob Chapman of The International Forecaster made this shocking calculation about America's out-of-control trade deficit: "US debt was up 10.1% to $4.085 trillion and accounts for 58.8% of all the credit issued globally last year. That means the US expanded credit at a much faster rate than the economy grew. This was borrowing to maintain a higher standard of living and attempt to pay for it tomorrow." Think about that; the US sucked up nearly 60% of ALL GLOBAL CREDIT in one year alone. That is truly astonishing.

There are many similarities between the pre-Depression era and our own. Paul Alexander Gusmorino says: "The Great Depression was the worst economic slump ever in U.S. history, and one which spread to virtually all of the industrialized world. The depression began in late 1929 and lasted for about a decade....The excessive speculation in the late 1920's kept the stock market artificially high, but eventually lead to large market crashes. These market crashes, combined with the misdistribution of wealth, caused the American economy to capsize. "(The income disparity) between the rich and the middle class grew throughout the 1920's. While the disposable income per capita rose 9% from 1920 to 1929, those with income within the top 1% enjoyed a stupendous 75% increase in per capita disposable incomeA major reason for this large and growing gap between the rich and the working-class people was the increased manufacturing output throughout this period. From 1923-1929 the average output per worker increased 32% in manufacturing8. During that same period of time average wages for manufacturing jobs increased only 8% (This ultimately causes a decrease in demand and leads to growth in credit spending)

The federal government also contributed to the growing gap between the rich and middle-class. Calvin Coolidge's (pro business) administration passed the Revenue Act of 1926, which reduced federal income and inheritance taxes dramatically(At the same time) the Supreme Court ruled minimum-wage legislation unconstitutional. On Monday October 21, 1929, the over-valued stock market began its downward plunge. It managed a brief mid-week comeback, but 7 days later on Black Tuesday it plummeted again; 16 million shares were dumped and there were no buyers. The game was over. Confidence evaporated overnight. People stopped buying on credit, the bubble-economy collapsed, and the mighty locomotive for growth, the American consumer, hobbled into the Great Depression. Tariffs were thrown up, foreigners stopped buying American goods; banks closed, business went bust, and unemployment skyrocketed. Tens years later the country was still reeling from the implosion. Now, 77 years later, Greenspan has led us sheep-like to the same precipice. The economic dilemma we're facing could have been avoided if the expansion of personal credit had been curtailed by prudent monetary policy at the Federal Reserve and if wealth was more evenly distributed as it was in the '60s and '70s. But that's not the case; so we're headed for hard times. Mike Whitney the second Great Depression

McCain is taking a hit for his Politicizing of Bush's created crisis

McCain is not the one to deal with this Bush created crisis Obama is. McCain is the one needed to continue this new order crisis here and around the world. Knowing that and that the President now has too much abusive power that will never be allowed in in Democrats hands i am increasingly concerned as the Bush created crises and perfect manufactured storm come to a head perfectly for a third stolen election Implementation of Executive order #51.

I reiterate Executive order #51 is a terrible power in Bush or McCain's hands!

James Joiner
Gardner, Ma


betmo said...

people think it's old fashioned to know history jim :) that's part of the problem. the other part is that they don't think it's cool to know current events :) so, here we are. there is only going to be one alternative eventually- and i don't know that it's going to be at the ballot box. strange times indeed but the more things look different- the more they aren't.

an average patriot said...

I don't have to tell you because you feel the same way. I am very concerned because we are living total lie ant this bail out for the institutions they are lying and calling it a bailout for Main Street is going to do nothing but further the Bankrupting of America.
Did you by any chance check my audio or the video? I think they should be fine now as I added an RSS feed this morning whatever that is. I hopefully will have time to get around today. Take care I hope to be by!

D.K. Raed said...

Yeaay, I was able to "listen" and hear! I'm pretty sure that's not YOUR voice (I remember we did a regional accent thing on my blog & believe you would sound more baastan). If it is, you have a radio announcer's voice. It's a pretty cool tool if someone is doing something else at their desk, they can listen to your post while they work.

Re Exec #51, it will be so very tempting for it to be invoked if McC is tanking prior to election. I don't know how they can resist. Unless ... McC is not REALLY their guy (a thought that just blew my mind).

an average patriot said...

Yeah thanks red! So happy to hear it works. You are right that is not my voice. I am so much smoother! My ex use to say I should have been a Politician because I can talk anyone into anything!
It is so cool what Odiogo did because in seconds they put over 1,100 stories to Audio. That is amazing to me!
anyway I am a but hyper right now. I think you know we put the house up for sale but it moved so friggen fast. I just got a call that they want to close by November 7 and the Custom built house we wanted was just reduced to our price and that will be scheduled to coincide with our closing. This is whirlwind. Maybe I won't get my schedule back to normal so quick after all. Take care!

Snave said...

Excellent post.

Lately I have also been wondering about where this is all headed. The Wall Street "crisis" seems an awful lot like "9-11" and the Iraq run-up to me, in that we once again have Bush saying "pass this legislation NOW, or everything will collapse". Back then it was with the Patriot Act and with the Iraq invasion, now it is with this "bailout".

The first couple of times, people fell for it left and right. We got stuck with the Patriot Act, and we know how civil liberties have suffered with that one... and how we got stuck with the creation of DHS, the biggest expansion of government in our history, which has cost billions, with arguable worth. The Iraq invasion was authorized, and it has cost our country billions more dollars and has lost us many allies around the world. Both the Patriot Act and the Iraq War have not only cost billions, they have also been used to concentrate more power in the Executive Branch...

So now Bush comes at us with a proposal which would put Paulson in charge of all the money, with no chance of anyone asking him questions or getting him into court for any reason? Sounds like a "money czar" to me. Sounds like even more concentration of power, and all this concentration of power in the executive branch is unconstitutional, and therefore is impeachable.

People are now used to the invasiveness of the pernicious Patriot Act, and people are used to us being at war... gee, now that our short-attention-spanned nation is comfortably numb again, is it time to introduce some new noxious garbage to further cement the administration's control over us all? Looks like it to me.

If this "bailout" crap doesn't get the job done for the neocons, I think you're right Jim. I'm thinking these people are going to do just about whatever they can to stay in office, or at the very least, to see that their protege gets elected.

If it looks like McCain is going to lose the election, I would consider the odds to be even that we will see the elections suspended. If they let the elections go on and Obama wins, look for some kind of international catastrophe between November 4 and January 20 that will provide the administration with reason to enact Order 51. Then nobody would know what was really going on, because there would undoubtedly be a crackdown on the media to the point that it became something akin to what the USSR had for decades.

America sort-of elected Bush the first time, and then I think actually DID elect him the second time... how did that happen? Were we as a nation still too numb after "9-11", too susceptible to the Republican fearmongering?

I think McCain is a power-crazy loon... and don't get me started on Sarah Palin.

Why do people put up with this crap and agree to it without thinking about what it means? Is the administration putting something in our nation's water, or is Bush playing some kind of Jedi mind tricks with our people?

an average patriot said...

Excellent! You could have done post with that! Where to start? Welcome! you remember and know the statement All we have to fear is fear itself as Rove Cheney and Bush does "the real axis of evil"
Whenever the right wants to steal more control and power they create as much fear as they want to follow their Fascist new order agenda.

You are right they have done it since day one and it will work again this time. This bailout will do nothing beyond quickening the Bankrupting of America.
You are right McCain is a crazy loon and getting him in office is the rights only concer. I don't know if you know Betmo but this morning she backed up what I have said 100 times now:

America's nightmare by Timothy V. Gatto

The last few weeks have truly illustrated just how corrupt and mismanaged this country has become. I have been keeping a low profile so to speak, because of what I have heard about the “secret” session of Congress last August.
That session of Congress was about the collapse of the US economy in late September, and the financial collapse of the US Government in October. The Congress was briefed on how the Federal government was prepared to stop civil unrest by rounding up those that are considered “dissidents”, ostensibly to prevent large scale demonstrations and possibly a coup.
The Army, which was recently given the power to ignore “Posse Comitatus” (which forbids the use of Federal troops for law enforcement in the United States) in the John Warner Defense Bill (the revamped Insurrection Act). America's nightmare

Robert Rouse said...

We live history every single day. The sentence I just wrote is now history. The sentence I write next will be history by the time it is read. I am an ardent admirer of history. World history, American history, etc. There is so much we can learn from history. This is one of the main reasons why I try to insert a little history every day into my blog. I try to make it relevant if at all possible.

I'll try to listen to the podcasts later. Right now all it does is buffer for me. I'll have to reboot.

two crows said...

hi, Jim--
I have an appointment this evening but I will try it on firefox later and let you know if I could hear it there, too. :)

D.K. Raed said...

Jim, that is excellent news that your house sale & new home will be able to coincide. Lots of work for you between now & then. Moving is such a pain, but good timing on your part!

two crows said...

hey, Jim--
apparently, my problem has been the fact that I've been using firefox.
when I click on the audio-feed in firefox it just starts buffering -- and never plays.
oh, well, I can still read your stuff on firefox -- and, if I want to watch a video, I'll scoot over to IE -- though I'm not fond of it as a browser.

an average patriot said...

It is pretty cool because you can download to your Ipod or Mp3 and listen to it. I thought you might want it to?
I agree, this is all History and our efforts will be remembered. Bush has done everything to not repeat history but to dwarf it and he is. As I always say the worst is yet to come!

an average patriot said...

Great two crows!
It is really pretty cool having audio. You can listen and switch to something else at the same time. You can download it on an Ipod or Mp3!

an average patriot said...

Thanks Red
It all happened so fast! The Realtor will be here shortly to get everything going. They want to close by 11/7! I am going to be tied up again bear with me guys!

an average patriot said...

Great two crows
I don't know why but I sometimes have problems with Fire Fox as you said but with videos but sometime not. Take care I am going to be busy for a while!

One Fly said...

Played in both where it didn't yesterday.

Michael Moore has a ten step plan that is very interesting. Of course we won't get that not even close.

This payout is a scheme planned well in advance. There is more shit coming and all scenarios are on the table. LTFO!

Spoke with a realtor who will attempt to sell the house I moved from today. Said her sales are 40% of what they were at this time last year.

Brother Tim said...

Hate to be the one to tell you this, Jim, but Obama is Bush/McCain lite. His true colors will show if he wins. That sucker is owned lock, stock, and barrel; just like the rest.

We are soooooooo screwed.

an average patriot said...

one fly hi man!
If I can steal a moment I will see if I can find Moore's 10 point plan because I am interested. 10 point plan for what?
Good luck selling your house but it sounds like you are lucky and selling it will not affect your getting into your new house!

We are in a whirlwind here! Three days and 3 showings and we already accepted an offer and they want to close by 11/7.
Unbelievable! The realtor's are even blown away at how fast and like clock work this is! I was afraid this would happen but we are prepared to move into our new custom built home the same day but we will see. Bear with me this is all moving fast and you know how much we can trust the future, not!

an average patriot said...

I know Brother! I was just thinking of you when I was commenting to one fly! Hope all is well with you! The only difference with Obama is he will unwillingly screw us but try to help the average American where Bush and McCain want them extinct. You know we are screwed just stay with me and stay together. This is coming to a head soon. It sucks because we have imagined or exaggerated nothing but have been dead on!

One Fly said...

Moore's link Jim

an average patriot said...

All right! Thanks man, I was just outside talking with a contractor. This is all moving so fast I forgot all about this. I am going to give it a look right now. I think the guy is great!

an average patriot said...

one fly
That is phwenomenal! It pisses me off that he is right on and simply dismissed as a crack pot! I hope others here see that and check it out. That is amazing and once again never mentioned!

Seven Star Hand said...

Greeetings Average Patriot and All,

One must understand the truth before any true solution is possible. There's much more to this unfolding story than meets the eye. Be a little patient to understand it and then hold their feet to the fire!

Money Karma comes home to roost !!!

This is the long awaited opportunity to finally "kill the beast" and kick all the bums out, forever. Read what I have been saying for insights into another way to manage this civilization, without money and without evil cabals running this world. The keys to a "New Earth" are wisdom and cooperation, not the fears and follies of the past.

It will soon become painfully obvious, to even the most clueless, that it will be far easier to step away from the deceptions of the past (money, religion, and politics) and finally fix our civilization so it works for everyone, not just for a self-chosen and abominably greedy few. Why should humanity struggle and suffer any longer to repay massive debts and endure great debacles created by amazingly greedy and deceptive monetary and political leaders? Are you familiar with the ancient concept of a Jubilee? It's time has come, and the power of the rich and arrogant is about to be blown away on the winds of long-overdue and irresistible change.

Here is Wisdom...


Brother Tim said...

Seven Star Hand--
Although you make some valid points; after reading over your sites, I am struck by your self-aggrandizing and closed-mindedness, as witnessed by your refusal to allow any comments to be posted as rebuttals.

Wisdom comes through knowledge, and knowledge through debate. A refusal of ideologic intercourse serves only propagandism.

Peace and Grace

an average patriot said...

Seven Star Welcome! Wow that is very good. I wrote a couple chapters in one of my books that I call Religion and the lies we call History! I want to read more into this but right now I have people working outside and I have to go check out a house I hope to get a P and S on today before I go down to the VA but I will be back to get more in depth. Take care!

an average patriot said...

Brother, Brother, Brother!
You are something! Love it, I will read it more in depth after I get back but I have to run out right now. This is a whirl wind!