Author
History of Capitalism   Class War The New Commonwealth
Perennialist Warfare Against Evil World Resistance Movement   US News Media: Fascist Collaborators
  Capitalists Murder Workers Capitalists Destroy Civilization   America Identical to Nazi Germany
  Replace Capitalism Now Casablanca As Anti-Fascism   Watch On The Rhine: Anti-Fascism


"Capitalism turns men into economic cannibals, and having done so, mistakes economic cannibalism for human nature."

Edward Hyam, Soil and Civilization, 1952



      America is a war zone; our people are being cannibalized 1 before our very eyes.

      Looting and plundering the world is the primary goal of the criminal cabal that controls America. We've previously demonstrated how they amass wealth by the destruction of people and material through the tactic of unending war.

      In the late nineteenth and the early part of the twentieth century, their destruction was primarily targeted at foreign peoples such as the Cubans and Filipinos (Spanish-American War), Germans (World Wars I and II), Japanese (World War II), and Soviet citizens (Cold War). Starting in the later part of the twentieth century and the beginning of the twenty-first century, this international gang turned on American workers and began in earnest to cannibalize us.

      Economic collapse is one of the final stages of the cabal's overall policy of cultural devastation. Many of their additional phases of contrived collapse have been largely unseen or ignored by most Americans. But the final political-economic breakdown--now in its first stages with the mortgage settlement scam, the collapse of the dollar, and the imposition of a total police state--are realities U.S. citizens can no longer turn a blind eye to, because many Americans are literally being thrown out on the street through foreclosure and eviction or thrown into prison.

      Through real estate shell games, the super-rich have looted at least $10-$15 trillion from workers. "Buy a house with a low interest loan," they lied to the workers, "and it will rise in value indefinitely."

      Workers were swindled into buying property with interest-only loans--or other predatory financing--deluded into believing that with their increased property value they could later refinance to pay off the balloon payments and sky-rocketing mortgages.

      Since 2000, outstanding mortgage loans have more than doubled: up over $5 trillion. Unpaid mortgages soared and lenders were falling all over themselves handing out sub-prime loans 2 for up to 125% of the value of the property.

      In 2005 the real estate bubble began to burst: property owners couldn't sell their homes or refinance them. They couldn't pay their mortgages so the banks foreclosed and the house was sold on the courthouse steps. Within days they received an eviction notice and they were out on the street. Since 2006, vacant dwellings have increased by more than 40% for existing homes and more than 20% for new homes. The personal tragedy these people faced was overwhelming and heartbreaking.

"Last Thursday [2/9/2012], the Obama administration announced its latest windfall for Wall Street--a settlement of charges of rampant law-breaking committed by major banks in their rush to foreclose on families and seize their homes.

"The agreement, largely dictated by the perpetrators, quashes investigations by state governments that threatened to expose a cesspool of corruption and crime. It frees the banks from future prosecution or financial liability for forgery, lying to the courts and illegally evicting homeowners.

"In return, the firms--Bank of America, JPMorgan Chase, Citigroup, Wells Fargo and Ally Financial--are required collectively to pay a relative pittance in cash ($5 billion) to the states and the federal government and allocate $20 billion more, over three years, to ease the terms for a small fraction of the 11 million homeowners who owe more on their loans than their homes are worth.

"Not a single family whose home was seized (4 million since 2007) will get a new house. Instead, an estimated 750,000 foreclosed homeowners will receive a check for $1,500 to $2,000, if they can show that they were improperly evicted. This derisory sum--assuming it is ever paid out--provides a measure of the contempt of the banks and the government for working people."
Source


     Since private banking interests created the scam of the "Federal" Reserve System in 1913, seizing control of American financial powers, their ability to lend money at usurious interest rates has meant that they feed on American debtors. Until recently, they've been content to reap huge profits through ordinary money-lending means--as outlined below:

Bank Home Mortgage Scam
Mortgage Loan: $100,000.00 Interest Rate: 7.21%
Monthly Payment $679.47 Total of 360 Payments $244,609.20
Total Bank Profit $144,609.20 True Total Bank Profit Rate 144%


      But reaping huge profits through interest wasn't enough for them; they decided they'd not only make money on interest but loot workers of their hard-earned savings and income--and then financially destroy them: foreclose and keep the property for sale to another sucker.

Something New in Housing Bubbles


      The new real estate scam launched in the latter part of the twentieth century was the first in U.S. history to impact the economy in a much broader way than previous housing bubbles. Homeowners, using their rising house prices as collateral for mortgage equity cash withdrawal ("Use your home as an ATM machine!"), plunged as never before into additional debt to finance other kinds of spending (primarily credit card). Under the impact of this kind of financial insanity, the entire nation metamorphosed into a fantasy financial and political infrastructure built on nothing but shifting sand.

      From the 1.5 million housing units in 2001, new single-family homes and multifamily homes increased in 2005 to 2.2 million units. Meanwhile, the constant quality price index for new homes rose 30% and the purchase-only price index of existing homes published by the Office of Federal Housing Enterprise Oversight (OFHEO) rose by 50%.

      The "Federal" Reserve System set interest rates so low that they inflamed consumer borrowing, seducing workers into buying property and other goods and services they couldn't realistically afford. The increase in the net worth and the borrowing power of their houses drove workers to deranged consumption beyond their income growth. Americans were spending insanely, having been deluded into believing that their property "wealth" would continue to increase and would cover any future contingency. In contrast, personal saving in the U.S. dipped below 0% for the first time since the Great Depression, hitting negative .5% in 2005.


            Having been miseducated to the point where they cannot think rationally, Americans began using their houses as cash machines, refinancing as they went. In 2005, private households raised $1.08 trillion through mortgages. Of this amount, they only spent $95.1 billion on higher-priced homes. Spending on goods and services rose in total by $539.9 billion, relative to an increase in disposable income of only $354.5 billion. In other words, about one-third of the increase in consumer spending was based on home mortgage borrowing.


      The real estate bubble began to burst in the third quarter of 2005, with mortgage borrowing peaking at $1.23 trillion per annum. Falling steadily, by the second quarter of 2006, borrowing on home equity was down to $819.6 billion. Some of this sharp decline was also caused by increases in consumer credit costs.

      If you want clear evidence of the incapacity of Americans to think reasonably, just listen to the large number of homeowners, faced with a 45% loss of value in their homes, saying: "I won't accept one penny less for my house than I paid for it." A recent survey showed that only 1 in 7 Americans believes that house prices will go down. These benighted souls are being forced out of their homes by the police who come to serve eviction notices.

      Because mind-destroyed homeowners resist downward price adjustments, the market becomes illiquid, with unsold homes becoming a glut on the market. In many instances, only after foreclosure and eviction are prices lowered to realize necessary sales. Predatory lenders are happy to adjust their lending and selling practices to fit the changed market.

      Unlike previous housing downturns, this current bubble burst hasn't been caused by credit tightening. The "Federal" Reserve has merely returned short-term interest rates to more normal levels and long-term rates are unusually low relative to those short-term rates. Unlike previous downturns caused by tight money that were followed by vigorous recoveries, this present real estate collapse, occurring despite low interest rates and loose money, will likely take a great deal of time for recovery, if there is ever a recovery at all.


How the Real Estate Scam Worked: Interest-Only Loans


      Interest-rate only (IO) mortgages are a new variation of the Adjustable Rate Mortgage (ARM). 3  IOs are loans that permit the borrower to pay only the interest on the mortgage for a specified period of time--usually five or ten years. During this period, the monthly payment contains no principal.

      How do these loans really work? Consider as an example a 30-year loan at a fixed rate of 6 percent on $200,000.

      In a regular full amortizing (FA) loan, the homebuyer will make monthly payments of $1,199. In an IO mortgage with a five-year IO period, the homebuyer will pay instead $1,000 for the first five years, that is, 17 percent less than the FA loan. In exchange for initial lower monthly payments, however, the holder of an IO mortgage will see his or her monthly payments jump once the five-year IO period ends--in our example it would rise to $1,288, an increase of 29 percent over the initial payments and of 7.4 percent over the traditional FA loan.

      Adding an IO period to Adjustable Rate Mortgages (ARMs) can reduce initial payment even further. The added risk on this loan is that following the IO period the loan holder will bear the risk of any interest rate rise. In our example, if interest rates climbed to 8 percent in five years and remained stationary for the rest of the mortgage's life, our home buyer would have to make average monthly payments of $1,543 (a 54.3 percent increase) and if interest rates go up to 10 percent, he or she would have to pay $1,817 (an 81.2 percent increase).

      Because IOs and IO/ARMs carry more risk, lenders should require higher standards for borrowers than the traditional FA mortgages. But this prudent rule is rarely followed. Always seeking to maximize profits, lenders have focused on homebuyers' capacity to make payments today--and worry about higher future payments--and possible foreclosures--tomorrow. The lenders know that even if the borrower defaults, they (the lenders) will have the money already paid in plus the repossessed house which they can resell. 4
Mea Culpa

      Unfortunately, as we examine how lower and middle-class Americans have conspired mindlessly in their victimization, it's no wonder that Obama and other cabal predators ate American workers alive. Just consider what Americans have done in terms of debt in recent years: 5
  • Americans have increased their borrowing on their credit cards to the point that the credit card industry took in $43 billion in fee income from late payments, over-limit, and balance transfer fees in 2004, up from $39 billion in 2003. In 2005, credit card late fees alone totaled over $11 billion.

  • Consumer debt has doubled since 1990, to $7.5 trillion---more than $50,000 per household, over $25,000 for every man, woman and child in America.

  • Average household credit card debt has increased 167% between 1990 and 2004.

  • The average American had over seven payment cards in their wallet including credit cards, retail store cards, and bank debit cards in 2004.

  • The average interest rate paid on credit cards was approximately 14.54% in 2005.

  • 45% of American cardholders were only making minimum payments in 2004, up from 42% who did so in 2003.

  • A typical credit card purchase is 12-18% more than if cash was used (as of 2004).

  • 30 million Americans (40% of homeowners) refinanced their mortgages during the 3 years (prior to Q3 2005), with over half applying the proceeds to eliminate credit card debt.

  • Seven out of ten low and middle-income households, reported using their credit cards as a financial safety net, i.e., to pay for car repairs, rent or housing repairs and medical expenses, rather than relying on savings in 2005.

  • According to a national survey, the most significant predictor of financial stress is if households rely on using credit cards to cover non-discretionary living expenses like rent, groceries, and medical expenses.

  • In 2004, the average college student graduated with $16,500 in student loans, up 74% since 1997. (While this figure is an average, an incredible number of graduates leave college with more than a year’s salary in debt.)

  • In 2004, 65% of teens failed a financial literacy test according to Jump$tart Coalition.

  • In 2004, the average debt for Americans 65 and older was $4,000, up 89% in the past decade.

  • In 2004, the average personal wealth of a 50 year-old American was less than $40,000 including home equity.

  • In 2004, most credit card debt of older Americans was driven by healthcare expenses and the increased cost of prescription medication.

A Movie and Book Show What Happened in the Prime Mortgage Scam: The Big Short


Big Short 2

Big Short 3

Big Short 4

Big Short 5

Big Short 6



Debtors--Including Hurricane Victims--Are Raw Meat


      The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) was a massive restructuring of federal bankruptcy laws which punishes middle-class debtors and awards increased payouts of as much as $4 billion a year to their creditors, mainly banks and credit card issuers.

      The cannibal corporations spent $40 million and eight years lobbying Congress for legislation that makes it virtually impossible for individuals to escape debt repayment. The 500-page bill was largely written by bank and credit card lobbyists. The law imposes a two-stage means test on bankrupt debtors that will reduce the number permitted to file for bankruptcy under Chapter 7, which provides for liquidation of most debts, and force more debtors to file under Chapter 13, which requires significant repayment.

      The new law requires that debtors who have sufficient discretionary income to pay at least $100 a month to creditors and whose incomes are above the median for their state will be required to file under Chapter 13. Under Chapter 13, filers are required to follow a three-to five-year debt repayment plan to pay off some of their creditors. In 2004, over 1.1 million filed under Chapter 7, while some 450,000 filed under Chapter 13. In 2005, before the new law took effect, 2.39 million U.S. households filed for bankruptcy, a 67% increase over 2004. Under the new law, most debtors will be shifted from the more lenient to the more restrictive regime.

      Bankruptcy judges previously had considerable discretion in fashioning or waiving repayment plans, but they are now required to follow much more restrictive guidelines. Before this cannibalistic legislation was passed, hundreds of judges and law professors expressed their opposition to these provisions, but their views were ignored.

      In October of 2005--in the aftermath of the Katrina disaster--the Bush administration announced that it would not revoke or delay a law that made it harder for tens of thousands of working-class Americans to file for bankruptcy. With the support of the White House, Republican congressmen rejected calls from consumer groups and some Democrats to place a moratorium on the bill's provisions for victims of Hurricane Katrina.


The Housing Bubble Burst Follows the Devastating 2001 Wall Street Crash


      The March 2001 stock market collapse was one of the worst in U.S. history, totaling a whopping $4.6 trillion in losses for the deluded market players--and, of course, a $4.6 trillion profit for the Wall Street con artists. This crash was nearly five times that of the October 1987 Wall Street collapse.

      U.S. stock market investor-victims suffered their greatest ever one-week losses during the March 2001 fiasco. The Dow Jones Industrial Average experienced three sharp declines in five days, including a drop of over 400 points on Monday and a 227-point drop on Friday, with a total weekly decline of 821 points--a loss of 7.70 percent. The S&P 500, a broader average of Wall Street stocks, showed a 7 percent decline, while the high tech-dominated NASDAQ index fell 8 percent.

      By 2000, uninformed American investors had been so foolish as to put more than 60% of their assets in the stock market crap shoot. So the Wall Street collapse beginning in 2000 meant that U.S. household wealth declined for the first time since the federal government began keeping such figures in 1945. Previous recessions and crashes had only slowed the rate of increase in household wealth, never decreased it. The economic cannibalization effects are beginning to show clearly in the sinews of America.

      The $4.6 trillion already vaporized in the 2001 Wall Street crash--and the trillions more which are now at risk because of the housing bubble burst--constitute the life savings of tens of million of working people in America. Millions of workers are discovering that their 401(k) plans, which have become a widespread substitute for guaranteed pensions, will no longer sustain them in a decent retirement because of recurring stock market collapses. Three-quarters of the funds held by 401(k) plans, about $1.7 trillion, are invested in the stock market. If you don't believe Americans have allowed themselves to be cannibalized, talk to the millions who've lost savings set aside to buy a new home, finance their children's college education, or protect against the threat of a major illness. American workers are living on the edge of disaster.

     If it doesn't seem like there's cannibalizing going on--the super-rich devouring the poor--look at the fact that the top ten percent of the population--the super-rich--own over 70 percent of the national wealth, much of which they've made by beggaring American workers. The bottom 90 percent of the population, with less than 30 percent of the wealth, owe 70 percent of the consumer debt.

      As Michael Hudson demonstrates, this current situation of American workers being in debt constitutes a new kind of slavery.

"Never before have so many Americans gone so deeply into debt so willingly . . . In the odd logic of the real estate bubble, debt has come to equal wealth.

"And not only wealth but freedom--an even stranger paradox. After all, debt throughout most of history has been little more than a slight variation on slavery. Debtors were medieval peons or Indians bonded to Spanish plantations or the sharecropping children of slaves in the postbellum South. Few Americans today would volunteer for such an arrangement, and therefore would-be lords and barons have been forced to develop more sophisticated enticements."

Michael Hudson, "The New Road to Serfdom," ITULIP.com


How Devastating Is the House Bubble Burst?


      In a recent Bloomberg News interview, Kenneth Heebner, manager of CGM Realty Fund (Capital Growth Management), provided a realistic forecast of what we can expect in the near future as mortgage defaults increase.

"What you are going to see is the greatest price decline in housing since the Great Depression.

Question: "Will the losses in the mortgage market exceed those in the
savings and loan crisis [$500 billion loss]?"

Heebner: "They're going to dwarf those losses because the losses could easily approach $1 trillion -- that dwarfs anything that has ever happened. Enron was $100 billion--this will be far greater than that . . ."

"So, where is all this headed?

"No one really knows. But when the housing bubble crashes into Wall Street's credit bubble, we can expect the 'big bang.' That may explain why America's wealthiest investors are running for cover before the whole thing blows. (A number of investors have already cashed out and put their holdings into foreign funds and currencies).

"One thing is certain, time is running out. With $1 trillion in subprimes and Alt-A loans headed for default, the system is facing its greatest challenge. US GDP has been revised to a measly 1.8 percent, foreign investment is down, and the dollar is losing ground to the euro on an almost weekly basis."

Mike Whitney, "Housing bubble boondoggle: Is it too late to get out?," OnlineJournal.org, Apr 26, 2007

Americans Must Learn From the Past and Plan for the Future


      As we review the basic alterations in the very structure of American society, it becomes clear that these crippling changes were carefully planned and created by the criminal plutocrats who seized control of America in the first decades of the twentieth century.

Changes Beginning in the Middle of the Twentieth Century

Element

Mid-20th Century

After Mid-20th into 21st Century

Workers

Good wages and training to be
competitive with other nations' workforces

Worldwide low-wage workforce--
no need for American workers

Soldiers

Intelligent and well-trained
to defeat other military forces

No need for intelligence or training
since there is no intent of victory

Population

Intelligence and integrity
to create an orderly society

The less intelligent the population
the less awareness or dissent

Economy

Capitalists and workers receive
somewhat equitable compensation

The super-rich and the cannibalized
poor--forcing people into the military

Morality

Fairness, justice, concern for
others, and a quest for excellence

Egomaniacal greed, deliberate
ignorance, violence, and illiteracy



      The demonic cabal that dominates the world at present has always carefully planned its strategies and has never been shy about making them public, since they believe (somewhat correctly) that world citizens are too unintelligent to understand them or discern their implications.

      The future is already being planned by the cannibals--they know their victims won't tolerate their own slaughter forever. A 2007 report from the UK Defense Ministry, "Development, Concepts and Doctrine Centre," projects what might happen by 2035.
"The middle classes could become a revolutionary class. The growing gap between themselves and a small number of highly visible super-rich individuals might fuel disillusion with meritocracy, while the growing urban under-classes are likely to pose an increasing threat . . . Faced by these twin challenges, the world's middle-classes might unite, using access to knowledge, resources and skills to shape transnational processes in their own class interest."

      The life-and-death question is whether Americans can gain sufficient intelligence from studying their past mistakes (as in reflecting on and assimilating the information in this essay):


  1. To be able to plan ahead to fight off the onslaughts of our archenemies

  2. To gain sufficient awareness and power to overcome our destroyers.


      We must recognize the more likely ploys these predators will use in their ongoing efforts to utterly destroy Americans:
  • The contrivance of a total monetary collapse as in 1930s Germany (image) followed by permanent imposition of martial law



  • Radicalizing and criminalizing (through co-optation and infiltration) the groups opposing them, as a pretext for putting dissidents into concentration camps

  • Bringing more foreign people into America with a servile mind-set so there is a cheap workforce--including a ready police and military force--and the impossibility of dissidence or uprising

  • Accelerating the current trends:

    • Globalization: increasing the use of cheap foreign labor 6

    • Barbaric annihilation: expanding the use of war as a means of amassing wealth through destroying war materiel and infrastructure which have to be replenished by "defense industry" cronies

"Finance has become dominated by the worst of us, which is why we have recurrent, intensifying financial crises driven by their fraud epidemics."

Source

What Americans Must Do to Avoid Destruction


      We can no longer look at our lives as the ordinary pursuit of a career and some modicum of ease in a world where everything is safe and pleasant and everyone wishes us well. We must never again assume that people who appear "normal" are actually moral and sane, incapable of murderous intent.

The Bush family helped put Hitler into power      We must be savvy enough to recognize that the criminals who seized power at the beginning of the twentieth century--and their chosen successors--literally have and continue to cannibalize Americans; that they are not the "pleasant" smiling, well-intentioned people they want us to think they are. Not an ounce of difference between Republican and Democratic thugs

      It's going to be necessary to learn to think in reference to long-term strategies and global dimensions. As Americans wake up from their sleep of ignorance and victimization, we must be able to help them learn to think in more realistic and far-seeing terms.

"Consider the wisdom of economist John Maynard Keynes: The rich are tolerable only so long as their gains appear to bear some relation to roughly what they have contributed to society. Think of it as proportional and justified economic success. This can be tolerated by poor and middle class people if they believe the economic system is fair and properly rewards those who work harder or have better capabilities. But truly obscene economic rewards angers people. When most prosperity and wealth is unfairly channeled to relatively few Upper Class people, it is only a matter of time until fuming, resentful people in the Lower Class decide enough is enough and revolt. Perhaps violently, if the political system remains controlled by the Upper Class."

Joel S. Hirschhorn, "Economic Armageddon is Coming,"
OnlineJournal.org, Apr 26, 2007


      Americans must prepare financially, psychologically, and physically for the further onslaughts of the economic cannibals. Their present domination of the world through the use of economic coercion and preemptive military invasion and occupation will, sooner or later, begin to run up against factors that are more than troublesome for them.

      Currently, they must pressure foreigners to commit 2 billion dollars per day into their markets in order to maintain dollar stability. In addition, they've amassed a total debt of over $8.6 trillion. At present, China is the cabal's manufacturing base, and in turn China buys US securities to finance their trade and war deficits. China now holds $800 billion of US bonds and Treasury bills and $1 trillion in foreign reserves--70% of the reserves in US dollars.

      China may find it advantageous at some point in the future to break its current trade and manufacturing agreements with the cabal and strike out on its own. We're already seeing the rumblings of just such thinking on the part of the Chinese.

Unrestricted War: China's Master Plan to Destroy America is a treatise for world domination written in 1999 by People's Liberation Army Colonels Qiao Liang and Wang Xiangsui. In order for China to become a dominant global power over the United States, the PLA emphasizes "The Final War over Resources," must be won.

The Colonels state that the aggressor nation "must adjust its own financial strategy, use currency revaluation or devaluation as primary weapons, and combine means such as getting the upper hand in public opinion and changing the rules sufficiently to make financial turbulence and economic crisis appear in the targeted country or area, weakening its overall power, including its military strength. Whether it be the intrusions of hackers, a major explosion at the World Trade Center, or a bombing attack by bin Laden, all of these greatly exceed the frequency bandwidths understood by the American military..."


      According to Bloomberg, foreigners now hold nearly 50% of our publicly traded debt. The major holders of our debt are Japan, China and the U.K. They currently hold $639.2, $342.1 and $207.8 billion of our treasury debt respectively. In all, foreigners hold about $9 trillion of U.S. financial assets. At some point this huge debt burden will collapse and the cabal will try to embroil American citizens in new wars of aggression which they'll spin as patriotic struggles against terrorists. We must be mentally and physically prepared to resist such propaganda and coercion.

      Of the 6.5 billion people living on this planet at present, less than one billion have their home in what is called the "developed" world. Within that "developed" world ten percent of the population own 90% of the wealth. Increasingly, the other ninety percent are merely slaughter animals for the capitalist cannibals. At some point, as American and other workers gain more awareness of their situation, they must begin overcoming the cabal and take back their countries.


      Is the cannibalistic cabal doing something about the trillions of dollars lost in the U.S. mortgage crisis? You bet! President ObaMessiah, with the connivance of the Democrats in Congress, enacted a "stimulus" package that had as its primary goal the brainwashing of the American people into believing that something substantive was being done--when it's all a gigantic con job.

      Will the "stimulus" plan help the millions of Americans cannibalized by the criminal activities of the big banks, hedge funds, and other financial scam institutions? Fageddaboudit! The plan, touted as relief for middle class workers, was actually a means of giving more money to major US banks and giving tax-cuts to the wealthiest 1% in America.

      In essence, the scheme aimed to contain the home foreclosure epidemic sufficiently to shield the major financial institutions from the full consequences of years of rampant speculation, accompanied by accounting manipulations that concealed the immense levels of risk behind the soaring profits and gargantuan salaries reaped by Wall Street executives. The "stimulus" plan made it possible for the thugs who've caused the current recession to continue their criminal behavior.

"Organized crime is now officially legal and combined with the stock and capital markets--all enforced by force and rigged profits. This is the economic infrastructure for fascism."

Catherine Austin Fitts, Former Assistant Housing Secretary
and past Managing Director of Dillon Read



      The word "cannibalism" in this essay is not a metaphor--not meant to be taken in only a figurative manner. The international cabal that wields political, economic, and military power throughout the world, is literally a group bent on looting as much wealth as possible, to the point of taking the life essence from countless millions of people. We Americans must wake up to the reality of our present situation : we are living under an actual political dictatorship in a fascist, militarist police state.

      The difficulty in realizing this world catastrophe is the enormity of the cabal's devastation of human life; the barbarity and ruthlessness is so hyperbolic as to be hard to grasp. Here are illustrative examples of their staggering outrages:

      The federal government is totally corrupt and tax dollars and dollars borrowed through debt are being siphoned off into the hands of the cabal members. Some of this financial and political corruption is too large to cover up:

"According to some estimates, we cannot track $2.3 trillion in transactions."
Former Secretary of Defense Donald Rumsfeld, September 10, 2001

Under the Bush I, Clinton, and Bush II regimes, all Secretaries of the Treasury have refused to produce audited financial statements and have reported a total of $4 trillion in "undocumentable adjustments."

On May 5, 2006,George W. Bush signed a memo entitled "Assignment Of Function Relating To Granting Of Authority For Issuance Of Certain Directives: Memorandum For The Director Of National Intelligence." In the document, Bush assigned intelligence czar, John Negroponte, the task of waiving Securities and Exchange Commission rules, established in 1934, pertaining to accounting disclosures by publicly traded companies. As a result of no longer needing to reveal financial information to shareholders in the name of national security, the cloning of Enron and World.Com is now complete. Instead of being required to disclose valid accounting information, U.S. corporations have now been given carte blanche to maintain fiduciary deception.

      No sane American can persist in believing that the United States has a legitimate government.

What You Should Do!


      Personally, you need to do these things:

                   
1. If you're facing foreclosure and have good evidence that you are the victim of illegal bank and realtor action, you should fight to save your home by following the advice in the video to the left and this article.

2. Help to expose the propagandists and corporate cannibals behind the curtain

3. Examine honestly the mistakes you've made and learn from them
4. Free yourself from all unnecessary debt

5. Avoid making non-essential purchases

6. Band with persons you can trust in a time of crisis

7. Transfer most of your dollar assets into gold and silver.




While the Dollar's Long-Term Trend is Down, Gold's is UP
 

  1. Stay away entirely from the Wall Street con game

  2. Help as many people as you can to understand how Americans have been and are being cannibalized by economic predators.

  3. Study carefully how these economic cannibals will be defeated through philosophical understanding and activity.


     
            1) How Philosophy Overcomes Tyranny

2) Overthrowing the New Slavery

3) The New American Civil War

4) Realizing a New World

5) Overcoming the Present Dark Age

6) Realizing the New Commonwealth

7) How Philosophy Overcomes Propaganda

8) Building Cooperative Commonwealth Communities
     



"The winning of freedom is not to be compared to the winning of a game--with the victory recorded forever in history. Freedom has its life in the hearts, the actions, the spirits of men and so it must be daily earned and refreshed--else like a flower cut from its life-giving roots, it will wither and die."

President Dwight D. Eisenhower, 1954








Updates


  • 12/12/07: Bush Junta Scam Helps Banks, Not Mortgage Crisis Victims

  • 12/7/07: Bush unveils subprime mortgage scheme to bail out banks

  • 12/7/07: The financial crisis driving Bush's subprime mortgage plan

  • 11/27/07: Accounting Fraud Connected with Mortgage Crisis

  • 11/15/07: US Home Foreclosures Double From a Year Ago

  • 11/09/07: The FED and Congress in Panic About American Economy

  • 10/07/07: Repeat of the 1929 Crash?

  • 9/4/07: Merrill Lynch Criminally Hides its Mortgage Losses

  • 9/3/07: Big Money Vultures Examine their Crisis

  • 9/1/07: The Cabal Will Only Help Wall Street, Not Homeowners

  • 9/1/07: The social toll of the US home mortgage crisis, Part 1    Part 2

  • 8/30/07: World Financial Crisis Reveals Capitalism's Fatal Flaws

  • 8/17/07: World Economic Crisis

  • The New Road to Serfdom




  • Notes

    1 Cannibalize: murder other humans to derive biological or economic sustenance,
    dismantle for the purpose of using the component elements, deprive one entity
    (e.g. the working class) of life or sustenance for the purpose of strengthening a
    different entity (e.g. the super-rich)

    2 A sub-prime lender is one who loans to borrowers who do not qualify for loans
    from mainstream lenders. Some are independent, but increasingly they are
    affiliates of mainstream lenders operating under different names.

    3 An adjustable rate mortgage (ARM), variable rate mortgage or floating rate mortgage is a mortgage loan where the interest rate on the note is periodically adjusted based on an index. A popular index is the London Interbank Offered Rate (LIBOR), a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market (or interbank market).
    Setting the ARM to an index is done to ensure a steady margin for the lender, whose own cost of funding will usually be related to the index. Consequently, payments made by the borrower may change over time with the changing interest rate (alternatively, the term of the loan may change). This is not to be confused with the graduated payment mortgage, which offers changing payment amounts but a fixed interest rate.
    Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, negative amortization mortgage, and balloon payment mortgage. Adjustable rates transfer part of the interest rate risk from the lender to the borrower. They can be used where unpredictable interest rates make fixed rate loans difficult to obtain. The borrower benefits if the interest rate falls and loses out if interest rates rise.

    4 Adapted from the article by Cesar Uco, "Is the US housing boom turning toward
    bust?" on the World Socialist Web Site, 6 August 2005

    5 Adapted from: Carolyn Baker,
    "The Valley of the Shadow of Debt," www.fromthewilderness.com

    6 A recent study by Harvard labor economist Richard Freeman shows that the integration of China and the former Soviet Union into the world labor market has resulted in the global labor force available to capital increasing from about 1.46 billion to around 2.93 billion.