Posted: August 5th, 2011 by Militant Libertarian
We have been complacent about Congress. Many citizens had no idea members could retire with full pay after one term and they specifically exempt themselves from laws they pass while ordinary citizens must live under those laws. Somehow, that doesn’t seem logical. We do not have an elite that is above the law. I truly don’t care if they are Democrat, Republican or Independent. The self-serving must stop.
Logical? It is not. The sad fact is, we do have an elite that has put themselves above the law. And, it’s their self serving interest, driven by a complicit government, that’s responsible for most of our wows. These are not hero businessmen who build enterprise’s enriching our society and communities. These are parasitic looters with no interest in creating anything. They have captured our ‘representative’ government and regulatory bodies and bend them to their will. Lawmakers and regulators are minions, with benefits.
“Tyranny is defined as that which is legal for the government but illegal for the citizenry.” – Thomas Jefferson
Our nation was founded on the principles of a democratic republic and free market capitalism that no longer exist. The choices presented on election day amounts to no more than peanuts or plain; no choice at all. “The illusion of democracy is an insult to our intelligence.”- Zeitgeiest II
Both parties are of the same spinning coin, serving corporate masters in a system of predatory capitalism where profits are private and losses are socialized. Such a system, controlled by a small group of oligarchs and governmental officials, who stand above the law and direct economic outcomes, is not democratic or capitalist. It is by definition, fascist. Yet, the majority of “we the people” stand on the sidelines as if we have no stake in the game.
“You assist an evil system most effectively by obeying its orders and decrees. An evil system never deserves such allegiance. Allegiance to it means partaking of the evil. A good person will resist an evil system with his or her whole soul. – Mahatma Gandhi
As a percentage of our economy, the financial industry has never been so heavily weighted. This weight has nearly ceased to create wealth, except that which is spun off into the pockets of a very few. From a Logical standpoint the Banks no longer serve their purpose of capitalizing a vibrant business community but generate bonuses by extracting rents. Further, they fabricate the illusion of viability covering up losses or not realizing them. According to Christopher Whalen of Institutional Risk Analytics, “The fraud and obfuscation now underway in Washington to protect the TBTF banks and GSEs totals into the trillions of dollars and rises to the level of treason.”
In spite of $Trillions in government backstops and $Trillions more in bailouts the biggest banks still sit atop $trillions in non performing debt and highly speculative derivatives, (toxic assets). Instead of cleaning up their mess, funds have been used to further consolidate (to bigger to fail) and in speculation; creating bubbles. Financial reform and FASB accounting gimmicks aside, the money center banks are worse off than two years ago. Forced to Mark assets honestly; many are insolvent.
To learn about the hero who tried to bring transparency to the Credit Default Swap market see: “The Warning”, (bottom of the link).
In addition to the biggest fraud in the history of capital markets; paid for by you, policies championed by these Charlatans hastened the largest transfer of wealth in history. Since the mid 1970’s the wealthiest .o1 percent increased their annual income by $1.5 trillion, while working and middle class Americans wages stagnated and in many cases fell (adjusted for inflation). Sadly, to continue the largest PONZI in history, the US Treasury is now issuing/borrowing $7 dollars to produce $1 dollar in GDP growth. The Federal Reserve’s failed policies must be stopped and the “to big to fail banks” broken up.
While catering to the pick pockets, authorities have been busy limiting our personal freedoms. Mostly in the guise of protecting us. News flash: Wednesday the Supreme Court ruled against consumers’ ability to file class action suits when their rights are violated. “(The court) has effectively removed any incentive for corporations to behave within the law.”said Nan Aron, president of the Alliance for Justice
Protecting us from terror is also an overblown charade that has made us less secure. In due course of a productive life you are nearly as likely to be killed by a direct Meteor strike as by a Jihadist. The real “clear and present danger” is not from terrorist but from those who feign our protection. The illusion and our blind acceptance has improved the lives of many a subcontractor and made way for the killing of untold innocents in order to ‘protect them’. Our foreign excursions and Homeland Security is a juggernaut waged for the benefit of corporate profiteers and a well entrenched oligarchy that fears a critical thinking and independent acting public. The $Trillions borrowed to wage war would be better spent here at home.
“Those who give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” – Ben Franklin
Below is a comment to an article by Bill Black (Why aren’t the honest bankers demanding prosecutions of their dishonest rivals?). While the article explains how logic has been turned on it’s head, the comment is profane and the number of like reactions are growing by the day:
if the king and his princes aren’t going to punish the people’s tormentors, isn’t it the right of the people to unseat the king? Didn’t a document some rubes signed back in 1776 say just that? To be perfectly clear, this unwillingness of current leadership to “shake up the tree” while the fruit of that tree is poisoning us, gives us the right to defy that leadership.
We the People accept that Justice is not divine and have thus acquiesced that justice must be guided by process to minimize error and the persecution of the innocent. However, the king’s abandoning the pursuit of justice is not a legitimate use of process, it is an unjust act favoring one group of citizens beyond all others, to which the People have every right to respond, including decorating lampposts with tyrants and banksters.