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Obama Signs New Executive Order; Congress Officially Irrelevant (UPDATED)

(Update at bottom of post)


Are you ready kids?  (Whenever I say this to the RedLemur, he knows it’s gonna be bad…)

Barry Soetoro, current resident of the White House, has signed an Executive Order directing federal agencies to review regulations and produce a plan for changes to the current regulations based on the best science available.

Bye-bye Congress.

(All emphasis from this point on is the editor’s and is meant to highlight portions that require reading!!!)

The White House

Office of the Press Secretary

For Immediate Release
January 18, 2011

Improving Regulation and Regulatory Review – Executive Order

By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to improve regulation and regulatory review, it is hereby ordered as follows:

Section 1General Principles of Regulation.  (a)  Our regulatory system must protect public health, welfare, safety, and our environment while promoting economic growth, innovation, competitiveness, and job creation.  It must be based on the best available science. It must allow for public participation and an open exchange of ideas.  It must promote predictability and reduce uncertainty.  It must identify and use the best, most innovative, and least burdensome tools for achieving regulatory ends.  It must take into account benefits and costs, both quantitative and qualitative.  It must ensure that regulations are accessible, consistent, written in plain language, and easy to understand.  It must measure, and seek to improve, the actual results of regulatory requirements.

(b)  This order is supplemental to and reaffirms the principles, structures, and definitions governing contemporary regulatory review that were established in Executive Order 12866 of September 30, 1993.  As stated in that Executive Order and to the extent permitted by law, each agency must, among other things:  (1) propose or adopt a regulation only upon a reasoned determination that its benefits justify its costs (recognizing that some benefits and costs are difficult to quantify); (2) tailor its regulations to impose the least burden on society, consistent with obtaining regulatory objectives, taking into account, among other things, and to the extent practicable, the costs of cumulative regulations; (3) select, in choosing among alternative regulatory approaches, those approaches that maximize net benefits (including potential economic, environmental, public health and safety, and other advantages; distributive impacts; and equity); (4) to the extent feasible, specify performance objectives, rather than specifying the behavior or manner of compliance that regulated entities must adopt; and (5) identify and assess available alternatives to direct regulation, including providing economic incentives to encourage the desired behavior, such as user fees or marketable permits, or providing information upon which choices can be made by the public.

(c)  In applying these principles, each agency is directed to use the best available techniques to quantify anticipated present and future benefits and costs as accurately as possible.  Where appropriate and permitted by law, each agency may consider (and discuss qualitatively) values that are difficult or impossible to quantify, including equity, human dignity, fairness, and distributive impacts.

Sec. 2Public Participation.  (a)  Regulations shall be adopted through a process that involves public participation. To that end, regulations shall be based, to the extent feasible and consistent with law, on the open exchange of information and perspectives among State, local, and tribal officials, experts in relevant disciplines, affected stakeholders in the private sector, and the public as a whole.

How did that public participation work out for us on Obamacare, Cap and Trade, and the Net Neutrality?

(b)  To promote that open exchange, each agency, consistent with Executive Order 12866 and other applicable legal requirements, shall endeavor to provide the public with an opportunity to participate in the regulatory process.  To the extent feasible and permitted by law, each agency shall afford the public a meaningful opportunity to comment through the Internet on any proposed regulation, with a comment period that should generally be at least 60 days.  To the extent feasible and permitted by law, each agency shall also provide, for both proposed and final rules, timely online access to the rulemaking docket on regulations.gov, including relevant scientific and technical findings, in an open format that can be easily searched and downloaded.  For proposed rules, such access shall include, to the extent feasible and permitted by law, an opportunity for public comment on all pertinent parts of the rulemaking docket, including relevant scientific and technical findings.

(c)  Before issuing a notice of proposed rulemaking, each agency, where feasible and appropriate, shall seek the views of those who are likely to be affected, including those who are likely to benefit from and those who are potentially subject to such rulemaking.

Sec. 3Integration and Innovation.  Some sectors and industries face a significant number of regulatory requirements, some of which may be redundant, inconsistent, or overlapping.  Greater coordination across agencies could reduce these requirements, thus reducing costs and simplifying and harmonizing rules.  In developing regulatory actions and identifying appropriate approaches, each agency shall attempt to promote such coordination, simplification, and harmonization.  Each agency shall also seek to identify, as appropriate, means to achieve regulatory goals that are designed to promote innovation.

Sec. 4Flexible Approaches.  Where relevant, feasible, and consistent with regulatory objectives, and to the extent permitted by law, each agency shall identify and consider regulatory approaches that reduce burdens and maintain flexibility and freedom of choice for the public. These approaches include warnings, appropriate default rules, and disclosure requirements as well as provision of information to the public in a form that is clear and intelligible.

I wouldn’t have expected anything less from the poseur in the White House who really truly believes he knows better than you or your elected representatives; “identify and consider…freedom of choice for the public.”

Sec. 5Science.  Consistent with the President’s Memorandum for the Heads of Executive Departments and Agencies,

“Scientific Integrity” (March 9, 2009), and its implementing guidance, each agency shall ensure the objectivity of any scientific and technological information and processes used to support the agency’s regulatory actions.

Sec. 6Retrospective Analyses of Existing Rules.  (a)  To facilitate the periodic review of existing significant regulations, agencies shall consider how best to promote retrospective analysis of rules that may be outmoded, ineffective, insufficient, or excessively burdensome, and to modify, streamline, expand, or repeal them in accordance with what has been learned.  Such retrospective analyses, including supporting data, should be released online whenever possible.

(b)  Within 120 days of the date of this order, each agency shall develop and submit to the Office of Information and Regulatory Affairs a preliminary plan, consistent with law and its resources and regulatory priorities, under which the agency will periodically review its existing significant regulations to determine whether any such regulations should be modified, streamlined, expanded, or repealed so as to make the agency’s regulatory program more effective or less burdensome in achieving the regulatory objectives.

There it is folks; Congress is now irrelevant.

Sec. 7General Provisions.  (a)  For purposes of this order, “agency” shall have the meaning set forth in section 3(b) of Executive Order 12866.

(b)  Nothing in this order shall be construed to impair or otherwise affect:

(i) authority granted by law to a department or agency, or the head thereof; or

(ii) functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

(c)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(d)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

BARACK OBAMA

THE WHITE HOUSE,
January 18, 2011.

UPDATE:

A commentor left a note about finding out who is behind the executive orders. I am reposting an article from November 9th, 2010.

Institute for Policy Studies Pushing For Obama Executive Orders

World Net Daily is reporting that a Soros funded group, Institute for Policy Studies believes that ‘Progressives Won!’ and because they only lost three members of the Congressional Progressive Caucus, they feel justified in writing as many executive orders as possible and ‘pushing’ Obama to do the right thing and sign them now that the blue-dogs have been eliminated. How’s that for some interesting circular thinking America? You must want progressive mandates because you didn’t vote Nancy and her anti-Constitutional cohorts out. Psychotropic drugs anyone?

Buck Up People…Progressives WON!

Dead weight gone. Good Riddance. The blame for the stalemate to come can now fall squarely where it belongs…on the anti-progressive, anti-democratic, anti-populist Republican members of Congress.

Our work is now finally beginning. The veil of a happy Democratic governing majority is finally lifted. We didn’t have it then; We don’t have it now. But what we do have now is a more solidly progressive bunch of Dems in Congress and a president presumably less encumbered by the false illusion that playing nice will get him a date with the other team.

Let’s throw our support unabashedly behind the Congressional Progressive Caucus and let’s push Obama to finally do the right thing through as many Executive Orders as we can present to him.

(Editor’s Note: Please remember that progressives like Soros and the groups he funds are only one agenda at the table. They aren’t the only ones playing the game of ‘Divide, Conquer, and Pillage America’. My money is still on the international central bankers who, in my opinion, are using the left and the far right to do their dirty work.)

Soros group wants Obama to rule by executive order

Organization cites mid-terms, claims progressives registered victory

NEW YORK – It was progressives who won the mid-term elections, particularly incumbents in a socialist-founded congressional caucus that emerged from last week’s ballots virtually unscathed, boasted an article published by the George Soros-funded Institute for Policy Studies, a Marxist-oriented think-tank in Washington, D.C.

The article recommends that President Obama govern from executive order to push through a progressive agenda.

“Progressives won in the 2010 mid-term elections,” wrote Karen Dolan, a fellow at the Institute for Policy Studies, or IPS, and director of the Cities for Progress and Cities for Peace projects based at the radical organization.

“The Congressional Progressive Caucus, the largest caucus in the House Democratic Caucus at over 80 members, emerged virtually unscathed, losing only three members,” she wrote, in the piece published on the IPS website.

“By contrast, the conservative Blue Dog Democratic caucus was more than sliced in half from 54 members to only 26. Further, of the 34 conservative Dems who voted against Obama’s Healthcare Reform, a mere 12 won re-election,” she wrote.

Dolan declared that “our work is now finally beginning.”

“The veil of a happy Democratic governing majority is finally lifted. We didn’t have it then; We don’t have it now. But what we do have now is a more solidly progressive bunch of Dems in Congress and a president presumably less encumbered by the false illusion that playing nice will get him a date with the other team.”

She went on to recommend that progressives “throw our support unabashedly behind the Congressional Progressive Caucus, and let’s push Obama to finally do the right thing through as many Executive Orders as we can present to him.”

WND reported the Congressional Progressive Caucus was founded by the Democratic Socialists of America, or DSA.

Institute for Policy Studies

  • America’s oldest leftwing think tank
  • Has long supported Communist and anti-American causes around the world

The Institute for Policy Studies (IPS) was founded in 1963 as a tax-exempt 501(c)(3) organization with seed money (derived from a fortune made in cosmetics sales under the Faberge trade name) from the Samuel Rubin Foundation. Samuel Rubin (1901-1978) was a Russian Bolshevik and the father of Cora Weiss, who headed the Samuel Rubin Foundation from its inception and is currently the principal financier of IPS. Weiss’ husband, Peter, is Chairman of the IPS Board of Trustees. He is also a member of the National Lawyers Guild and the National Emergency Civil Liberties Committee, both of which were created as Communist Party fronts. The Weisses selected Richard J. Barnet and Marcus Raskin to be the first co-directors of IPS, with the aim of transforming the United States by altering public attitudes, changing laws, and reversing foreign policy through an Academy that reached every nexus of the national nervous system.

Throughout its history, IPS has committed itself to the task of advancing leftist causes. It worked with agents of the Castro regime and championed environmentalist and anti-war positions in the 1960s and 1970s; it declared against the Reagan administration’s efforts to roll back communism in the 1980s; it joined the vanguard of what IPS hailed as the “anti-corporate globalization movement” in the 1990s; and it furnished policy research assailing the U.S.-led war in Iraq during the George W.Bush administraion.

IPS’s Washington, DC headquarters quickly became a resource center for national reporters and a place for KGB agents from the nearby Soviet embassy to convene and strategize. Cora Weiss headed one of the IPS’s most successful forays — into Riverside Church in Manhattan. She was invited there in 1978 by the Reverend William Sloane Coffin to run the church’s Disarmament Program, which sought to consolidate Soviet nuclear superiority in Europe — in the name of “peace.” In 1982 Weiss helped organize the largest pro-disarmament demonstration ever held. Staged in New York City, the rally was attended by a coalition of communist organizations. During her decade-long tenure at Riverside, which became home to the National Council of Churches, Weiss regularly received Russian KGB agents, Sandinista friends, and Cuban intelligence agents. Weiss became infamous for her role in the psychological warfare conducted against U.S. prisoners-of-war held in the infamous “Hanoi Hilton” during the Vietnam War.

Beginning in 1964 (and continuing to the present day), IPS held seminars designed to persuade U.S. congressmen and their assistants to support socialist ideals. These included “Housing and Property” seminars that pushed for preferential mortgage-lending policies favoring blacks and other minorities who were underrepresented among homeowners. One such seminar in 1969 – which brought together speakers from big-city tenants councils, neighborhood legal services, FHA insurance, savings-and-loans entities, and the Shannon and Luchs Realty Company – was among the earliest in a long chain of events that would eventually lead to the U.S. housing crisis four decades later. Also in 1969, IPS conducted “Experimental Education” seminars for federal legislators and their aides; a notable guest speaker at these events was Bill Ayers.

The Liberation News Service, which became a news source for hundreds of “alternative” publications nationwide (with Marxist-oriented perspectives), was founded in 1967 with IPS assistance.

The Center for Security Studies was a 1974 IPS spinoff and strove to compromise the effectiveness of U.S. intelligence agencies. The mastheads of two anti-FBI and anti-CIA publications, Counterspy and the Covert Action Information Bulletin, were heavy with IPS members.

The Middle East Research and Information Project (MERIP) was begun in 1971 by IPS fellow Joe Stork, who is now a Director with Human Rights Watch. The magazine Mother Jones was founded in 1975 by the IPS spinoff, Foundation for National Progress. In These Times, established in 1976 as a leftwing tabloid, was financed by IPS until 1982.

Also spawned by IPS were: (a) the North American Congress on Latin America, created in 1966 as a New Left intelligence-gathering agency; (b) the Holland-based Transnational Institute, a major source of anti-American, anti-capitalist literature; (c) the Institute for Food and Development Policy (a.k.a. Food First), which has spent years finding fault with the quality of America’s food gifts to the Third World and helped give rise to Medea Benjamin’s organization, Global Exchange; (d) the Data Center in Oakland, a major database that cross-indexes the annual reports of more than 1,000 corporations to detect any signs of incipient monopoly; (e) the Institute for Southern Studies, which has compiled a similar database on more than 400 Southern corporations; (f) the Council on Economic Priorities, which received IPS money with a view to exposing corporate skullduggery and passing judgment on companies’ social conscience; and (g) the Interfaith Council on Corporate Responsibility.

In 1978 Brian Crozier, the director of the London-based Institute for the Study of Conflict, once said: “The IPS is the perfect intellectual front for Soviet activities which would be resisted if they were to originate openly from the KGB.”

IPS has long been linked, either through funding or through its leadership, to many of the Left’s most prominent anti-war groups in the United States. Among these are the Committee for a Sane Nuclear Policy (SANE); Fellowship of Reconciliation; Promoting Enduring Peace; and Business Executives for National Security. Moreover, IPS is a member organization of the United for Peace and Justice anti-war coalition, and it endorsed a May 1, 2003 document titled “10 Reasons Environmentalists Oppose an Attack on Iraq,” which was published by Environmentalists Against War. In 2003 it was reported that IPS, in conjunction with the National Organization for Women, was making some of its Washington DC office space available (at no charge) to the feminist antiwar organization Code Pink, headed by Medea Benjamin and Jodie Evans.

IPS has consistently tried to derail American efforts to combat Communism. In 1985, for instance, as President Reagan pressed Congress to fund the Contras in Nicaragua, IPS fellow Peter Kornbluh arranged for Senators John Kerry and Tom Harkin to fly to Managua to meet with Communist Sandinista leaders. Convinced by the Kerry-Harkin report on the allegedly happy atmosphere in Managua, Congress denied the funds, though it reversed itself a few weeks later when Sandinista President Daniel Ortega met with his Soviet friends in the Kremlin.

The consistently anti-American positions adopted by IPS are frequently expressed in tandem with condemnations of Israel. In February 2005, for instance, IPS Fellow Phyllis Bennis published a commentary depicting the United States as a cynical manipulator seeking only to extract favorable deals for its ally, Israel, no matter how negatively they might affect Palestinians. Bennis further denounced Israel for its efforts to “demolish Palestinian homes”; its “assassination policy” (a reference to the targeted killings of Palestinian terrorist leaders); and its “land-grab known as the Apartheid Wall” (a reference to the anti-terror security fence designed to stem the tide of suicide bombers from the West Bank).

Central to the IPS worldview is the think tank’s unyielding opposition to free markets particularly, and to capitalism broadly. Viewing capitalism as a breeding ground for “unrestrained greed,” IPS seeks, through its reports and programs, to provide a corrective to “unrestrained markets and individualism.” One such initiative is the Global Economy Project, overseen by Sarah Anderson and IPS Director John Cavanagh, which seeks to: (a) undercut the Free Trade Area of the Americas; (b) foment grassroots resentment against the World Trade Organization; (c) incite opposition to the North American Free Trade Agreement; and (d) promote “economic alternatives” to globalization.

In their 2004 book Alternatives to Economic Globalization: A Better World Is Possible, John Cavanagh and Jerry Mander (President of the IPS Board of Directors and a longtime critic of globalization) contend that capitalism is “a system in crisis,” and they appeal to “an alliance of leading activists, scholars, economists, researchers, and writers” to take up the ideological cudgel against globalization.

In Target America — James L. Tyson’s 1981 expose of the Soviet Union’s massive “propaganda campaign designed to weaken and demoralize America from the inside”[1] — the author stated that IPS fellow Saul Landau had “figured prominently” in “anti-intelligence activity and elsewhere in the work of the Far-Left Lobby.” Tyson revealed that Landau, in a letter to a friend in Cuba, once wrote: “I think that at age 40 the time has come to dedicate myself to narrower pursuits, namely, making propaganda for American Socialism … we cannot any longer just help out third world movements and revolutions, although obviously we shouldn’t turn our backs on them, but get down to the more difficult job of bringing the message home.” On other occasions, Landau advocated on behalf of “Revolutionary Socialism.”[2] Now an author and filmmaker, Landau remains an IPS senior fellow to this day.

IPS professes an unquestioning faith in the righteousness of the United Nations, as evidenced by its “New Internationalism” project, which was introduced in 1996 and is directed by Phyllis Bennis. Working in concert with the Congressional Black Caucus and the Progressive Caucus, this project seeks to hamstring American foreign policy and bring it under the control of the UN. In recent years, this IPS project has condemned NATO military intervention in the former Yugoslavia; denounced the “unilaterally imposed” U.S.-British no-fly-zones in Iraq; sought to spark public opposition to pre-war economic sanctions against Iraq; attempted to align U.S. policy toward Israel more closely with the ritually critical stance of the UN; and impugned unilateralism in combating terror, viewing it as hostile to the function of the United Nations.

A corollary of the New Internationalism campaign advises European nations to assume a more assertive role in the Middle East. Toward that, IPS contends, European nations must “challenge more directly U.S. control of the diplomatic process.” Underlying this proposal is the core IPS belief that the United States is itself a rogue nation that poses a grave threat to international peace and stability. Phyllis Bennis made this point succinctly in a July 2004 article wherein she asked, “Haven’t we — and the rest of the world — had enough of Washington’s rogue behavior?”

Similar sentiments are purveyed by the Institute’s in-house team of scholars, which in recent years has featured such radical activists as Noam Chomsky, Barbara Ehrenreich, Gore Vidal, Norman Birnbaum, and Richard Falk.

One of the more notable figures in IPS history is Robert Borosage, who served as the organization’s Director from 1979 to 1988.

Financial support for IPS comes from such foundations as the Ford Foundation, the Ploughshares Fund, the Charles Stewart Mott Foundation, the Arca Foundation, the Ben & Jerry’s Foundation, the Compton Foundation, the Educational Foundation of America, the Energy Foundation, the David and Lucile Packard Foundation, the Rockefeller Brothers Fund, the Nathan Cummings Foundation, the Foundation for Deep Ecology, the John D. and Catherine T. MacArthur Foundation, the Tides Foundation, the Open Society Institute, the Turner Foundation, and many others.

Notes:

[1] James L. Tyson, Target America (Chicago: Regnery Gateway, 1981), p. 2.
[2] Ibid., pp. 201, 209.

The GOP aren't the only ones we will be watching...

(H/T BB)




28 Responses to Obama Signs New Executive Order; Congress Officially Irrelevant (UPDATED)
  1. red lemur
    January 19, 2011 | 4:27 am

    not at my house motherfuckers!

  2. thedametruth
    January 19, 2011 | 6:23 am

    Well…this may be the first time in history the pRESIDENT has actually done what he said he would…he did mention that he would rule by XO if the 2010 elections didn’t go his way…

  3. Grail Guardian
    January 19, 2011 | 1:32 pm

    There it is folks; Congress is now irrelevant.

    Congress made themselves irrelevant years ago when the Fed was created.

  4. Lee M
    January 19, 2011 | 1:51 pm

    Does this mean that congress can go home now and save the country the expense of their salaries, perks, etc.?

    We are trudging through sludge up to our knees, but if we continue our fight against the rape of the Constitution we will prevail. Each election will bring us closer to cleaning out the sewer.

    • DiamondTiger
      January 20, 2011 | 1:31 am

      We can hope, but I don’t think that is going to make any of this shit any better. We be surrounded…

  5. [...] go their way, the pResident would rule by executive decree.  Now Ovomit has signed a new executive order, rendering Congress irrelevant and, as if that weren’t enough, has surrendered to the Chinese with no more fight than a bow [...]

  6. Astraea
    January 20, 2011 | 11:46 am

    Sounds Executive To Me

  7. Astraea
    January 20, 2011 | 12:19 pm

    Repeal and Prosecute Party for Bush Laws and Wars v US = Treason – Drugs, Terror, Iraq, Afghanistan, Pakistan, Yemen, Iran

  8. [...] See Also: (LogisticsMonster) – Obama Signs New Executive Order; Congress Officially Irrelevant – Read More Here [...]

  9. escapefromobamastan
    January 20, 2011 | 1:29 pm

    Where in the Constitution does it EXPLICITLY state that presidents can write executive orders? They are all null and void, and should be. It’s the method by which those in power get AROUND the Constitution. They are NOT written by presidents either. Find out who actually wrote the executive order and then you will find out the illegal agenda being pushed. Executive orders are nothing more than royal decrees.

    • DiamondTiger
      January 20, 2011 | 2:00 pm

      I added the article about the Institute For Policy Studies just for you!

  10. Roger
    January 20, 2011 | 3:23 pm

    i thought that congress had the power to over rule the president in case something like this were to occur…

    • DiamondTiger
      January 21, 2011 | 9:07 am

      Do you think the Congress (criminals that they are) are even thinking about doing anything about this poser? What about the ‘missing’ birth certificate?

  11. Bill Rind
    January 20, 2011 | 4:46 pm

    Omama has really overstepped it this time, the congress should call for full impeachment and jail and if any congressman or senator gets in the way they should be charged with treason as the constitution states.

  12. dt0x
    January 21, 2011 | 7:30 am

    Explain to me how a review of our Financial System is bad?…lol

    • DiamondTiger
      January 21, 2011 | 1:18 pm

      Explain to me how having the mafia ‘review’ the rest of the mafia is a good idea?

  13. MRich
    January 21, 2011 | 10:29 am

    This is the function of the executive branch of government. The Congress enacts laws, which are carried out by the executive branch through regulations.

    • DiamondTiger
      January 21, 2011 | 10:39 am

      How stupid are you? Educated in a government school by a libtard moonbat professor in college maybe?

  14. Richard Monterosso
    January 21, 2011 | 1:25 pm

    We should’ve seen this coming. The government is really pushing their agenda. I only wish there was something we could do to overturn this executive order. who came up with this should be arrested and thrown in jail for treason.

  15. Master
    January 22, 2011 | 3:51 am

    They (Fed)will not like it when the 3%er’s push back.
    If the Constitution, Bill of Rights is void, then all I see is Anarchy,their oath of office are also void. Their Authority is VOID???
    Or is my thicking VOID?????
    WTF love your CAT!!!!!!!!!!!!!!!

  16. Thomas M Le Grande
    January 22, 2011 | 10:05 am

    All the House has to do, if they have the commonsense and/or guts, is put a clause in the Administration budget allocation prohibiting any money whatsoever from being spent on unconstitutional actions by the President. It should include a provision that should the budget limitation be ignored 1/12 of the Administration budget will be cut each month until the law is obeyed and prohibit the Administration from borrowing any money.

  17. Al James
    January 25, 2011 | 4:48 am
  18. [...] January 18, 2011 – Obama has signed an Executive Order directing federal agencies to review regulations and produce a plan for changes to the current regulations based on the best science available. Within 120 days of the date of this order, each agency shall develop and submit to the Office of Information and Regulatory Affairs a preliminary plan, consistent with law and its resources and regulatory priorities, under which the agency will periodically review its existing significant regulations to determine whether any such regulations should be modified, streamlined, expanded, or repealed so as to make the agency’s regulatory program more effective or less burdensome in achieving the regulatory objectives. Here is a good overview… [...]

  19. [...] What is Obama’s plan for America? What are his connections to Socialism? Was he truly born in the USA? Why did our 44th president – the day After being sworn in, sign his First Executive Order #13489 to hide his birth records? Does he have the best interests of the citizens of America at heart? So many questions – so little truth…. Heres a overview… Obama Signs New Executive Order – Is Congress Officially Irrelevant? January 18, 2011 – Obama has signed an Executive Order directing federal agencies to review regulations and produce a plan for changes to the current regulations based on the best science available. Within 120 days of the date of this order, each agency shall develop and submit to the Office of Information and Regulatory Affairs a preliminary plan, consistent with law and its resources and regulatory priorities, under which the agency will periodically review its existing significant regulations to determine whether any such regulations should be modified, streamlined, expanded, or repealed so as to make the agency’s regulatory program more effective or less burdensome in achieving the regulatory objectives. Here is a good overview… [...]

  20. Josh Taylor
    February 9, 2011 | 4:54 am

    I pray that Jesus needs to come quickly for His Bride The Church.

    This is now the time for you all to make Jesus your saviornow.

    Pray these words and you will be saved

    Lord Jesus,

    I know I’m a sinner and you died for my sins. Please come in to my life Lord Jesus. I make you my Lord and Savior.

    Amen.

    If you pray these words, you are part of the Heavenly Kingdom. Get into a bible-based church. I recommend a baptist church. Be Baptized in His Name, fellowship and share your faith with others. Preach to the lost.

    God Bless.

  21. Pat
    August 1, 2011 | 1:49 pm

    Has the tea party just begun?

    It’s obvious by the weekend’s conflict over the debt ceiling, Americans need a responsive Congress, not just a good looking one. Where America has no jobs, paying through the nose for Congressional salaries, perks and pensions will get us nowhere.

    The solution is to hire a Congress willing to cut its own salaries commensure with those that have been lost in America; it’s a respectable thing to do. Congress doesn’t perform well enough to command what just 15 years ago we paid Presidents. If the world demands low salaries for jobs, that should include Congress, or is America asleep at the switch and willing to sustain Congressional welfare subsidies?

  22. Mike
    September 2, 2011 | 1:53 pm

    The only “good” things that IPS promotes is anti globalism. NAFTA and global “Free Trade” are two very large contributors to our current situation. They are ani capitalist by nature due to the fact that they only help out “crony” capitalism. That my friends is fascism.. NAFTA is the giant sucking sound that we have been witnessing!

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Thanks to the endless barrage of feel-good propaganda that daily assaults the American mind, best epitomized a few months ago by the “green shoots,” everything’s-coming-up-roses propaganda touted by Federal Reserve Chairman Bernanke, the citizens have no idea how disastrous the country’s fiscal, monetary and economic problems truly are. Nor do they perceive the rapidly increasing risk of a totalitarian nightmare descending upon the American Republic.

One stark and sobering way to frame the crisis is this: if the United States government were to nationalize (in other words, steal) every penny of private wealth accumulated by America’s citizens since the nation’s founding 235 years ago, the government would remain totally bankrupt.

According to the Federal Reserve’s most recent report on wealth, America’s private net worth was $53.4 trillion as of September, 2009. But at the same time, America’s debt and unfunded liabilities totaled at least $120,000,000,000,000.00 ($120 trillion), or 225% of the citizens’ net worth. Even if the government expropriated every dollar of private wealth in the nation, it would still have a deficit of $66,600,000,000,000.00 ($66.6 trillion), equal to $214,286.00 for every man, woman and child in America and roughly 500% of GDP. If the government does not directly seize the nation’s private wealth, then it will require $389,610 from each and every citizen to balance the country’s books. State, county and municipal debts and deficits are additional, already elephantine in many states (e.g., California, Illinois, New Jersey and New York) and growing at an alarming rate nationwide. In addition to the federal government, dozens of states are already bankrupt and sinking deeper into the morass every day.

The government continues to dig a deeper and deeper fiscal grave in which to bury its citizens. This year, the federal deficit will total at least $1,600,000,000,000.00 ($1.6 trillion), which represents overspending of $4,383,561,600.00 ($4.38 billion) per day. (The deficit during October and November, 2009, the first two months of Fiscal Year 2010, totaled $296,700,000,000.00 ($297 billion), or $4,863,934,000.00 ($4.9 billion) per day, a record.) Using the GAAP accounting method (which is what corporations are required to use because it presents a far more accurate and honest picture of a company’s finances than the cash accounting method primarily and misleadingly used by the U.S. government), the nation’s fiscal year 2009 deficit was roughly $9,000,000,000,000.00 ($9 trillion), or $24,700,000,000.00 ($24.7 billion) per day, as calculated by brilliant and well-respected economist John Williams. (www.shadowstats.com) Fiscal Year 2010’s cash- and GAAP-accounting deficits will likely be worse than 2009’s, given government bailout and new program spending that is on steroids and psychotic.

Putting Fiscal Year 2009’s $9,000,000,000,000.00 ($9 trillion) deficit another way, 17% of America’s private wealth, accumulated over a period of 235 years, was wiped out by just one year’s worth of government deficit spending insanity.

Given this, is it any surprise that Treasury Secretary Geithner has announced that the release of the nation’s FY 2009 supplemental GAAP financial statements has been delayed? Remember, this is the same Secretary Geithner who bullied people to cover up the sordid details of the AIG, or more accurately, the taxpayer-funded, multi-billion dollar, Santa Claus bailout and bonus bonanza for Goldman Sachs. Do you really think this government, characterized as it is by fiscal and monetary secrecy, lies, chicanery, cronyism and stonewalling, wants the people to know what is actually happening? Obviously, it does not, so it hides from the public the inexcusable facts.

It is estimated that the top 1% of Americans control roughly 40% of the nation’s wealth. In other words, 3 million people own $21,400,000,000,000.00 ($21.4 trillion) in net private assets, while the other 305 million own the remaining $32,000,000,000,000.00 ($32 trillion). 77,000,000 (77 million) Americans (the lowest 25%) have mean net assets of minus $2,300 ($-2,300.00) per person; they live from paycheck to paycheck, or on public assistance. The lower 50% of Americans own mean net assets of $27,800 each, about enough to purchase a modest car. Obviously, it would be impossible to retire on such an amount without significant government or other assistance. Meanwhile, the richest 10% of Americans possess mean net assets of $3,976,000.00 each, or 143 times those of the bottom 50%; the top 2% control assets worth more than 1,500 times those in the bottom 50%. When you combine these facts with Wall Street’s typical multi-million dollar annual bonuses, you get an idea of wealth inequality in America. Historically, such extreme inequality has been a well-documented breeding ground for totalitarianism.

If the government decides to expropriate (steal) or commandeer (e.g., force into Treasuries) America’s private wealth in order to buy survival time, such a measure will be designed to destroy the common citizens, not the elite. Insiders will be given advance warning about any such plan, and will be able to transfer their money offshore or into financial vehicles immune from harm. Assuming that the elite moves its money to safety, there would then be $120,000,000,000,000.00 ($120 trillion) in American debt and liabilities supported by only $32,000,000,000,000.00 ($32 trillion) in private net worth, for a deficit of $88,000,000,000,000.00 ($88 trillion). In that case, each American would owe $285,714.29 to balance the country’s books.  (Remember to multiply this amount by every person in your household, including any infant children.)

If the common people suspect that something diabolical was in the works, a portion of the $32 trillion in non-elite wealth could be evacuated as well prior to a government expropriation and/or currency devaluation, resulting in less money for the government to steal. What these statistics mean is that it is absolutely impossible for the government to fund its debt and deficits, even if it steals all of the nation’s private wealth. Therefore, the government’s only solutions are either formal bankruptcy (outright debt repudiation and the dismantling of bankrupt government programs) or unprecedented American monetary inflation and debt monetization. If the government chooses to inflate its way out of this fiscal catastrophe, the United States dollar will essentially become worthless. You can be absolutely certain that a PhD. in economics, such as Dr. Bernanke, is well aware of these realities, despite what he might say in speeches. For that matter, so are Chinese schoolchildren, who, when patronized by Treasury Secretary Geithner about America’s “strong dollar,” laughed in his face. One day, perhaps America’s school children will receive a real education so that they, too, will know when to laugh at absurd propaganda.

The government has announced that during the fiscal years from 2010 through 2019, it will create an additional $9,000,000,000,000.00 ($9 trillion) in deficits, an amount that is almost certain to be understated by trillions given the country’s current economic trajectory. The government assumes that this vast additional deficit will be funded by others, such as the Chinese, as it is a statistical fact that the United States will be incapable of funding it.

Furthermore, with the budgetary equivalent of a straight face, the Office of Management and Budget reports in its long-term, inter-generational budget projection that the United States government will experience massive, non-stop deficits for the next 70 (SEVENTY) years, requiring the issuance of tens of trillions of dollars of additional debt. The OMB does not project even one year of surplus during the entire seventy year budget period.

These deficits and debts are now so gargantuan that they have become surreal abstractions impossible even for sophisticated financiers to begin to comprehend. The common citizen has absolutely no idea what these numbers mean, or imply for his or her future. The people have been deluded into thinking that America’s arrogant, egomaniacal, always-wrong-but-never-in-doubt fiscal witch doctors and charlatans, including Greenspan, Rubin, Summers, Geithner and Ponce de Bernanke, have discovered a Monetary Fountain of Youth that endlessly spits up free money from the center of earth, in a geyser of good will toward the United States. Unfortunately, this delusion is false: there is no Monetary Fountain of Youth, and contrary to the apparent beliefs of the self-deified man-gods in Washington, D.C., the debt and deficits are real, completely out of control, and 100% guaranteed to create catastrophic consequences for the nation and its people.

When government “representatives” deliberately sell into slavery the citizens of a so-called free Republic, they have committed treason against those people. This is exactly what has happened in the United States: the citizens have been sold into debt slavery that they and their descendants can never escape, because the debts piled onto their backs can never, ever be paid. Despite expensive and sophisticated brainwashing campaigns emanating from Washington, claiming that America can “grow” out of its deficits and debt, it is arithmetically impossible for the country to do so. The government’s statements that it can dig the nation out of its fiscal hole by digging an even deeper chasm have become parodies and perversions of even totally discredited and morally disgusting Keynesianism.

The people no longer have elected representatives; they have elected traitors.

The enslavement of the American people has been orchestrated by a pernicious Master Class that has taken the United States by the throat. This Master Class is now choking the nation to death as it accelerates its master plan to plunder the people’s dwindling remaining assets. The Master Class comprises politicians, the Wall Street money elite, the Federal Reserve, high-end government (including military) officials, government lobbyists and their paymasters, military suppliers and media oligarchs. The interests and mindset of the Master Class are so totally divorced from those of the average American citizen that it is utterly tone deaf and blind to the justifiable rage sweeping the nation. Its guiding ethics of greed, plunder, power, control and violence are so alien to mainstream American culture and thought that the Master Class might as well be an enemy invader from Mars. But the Master Class here, it is real and it is laying waste to America. To the members of the Master Class, the people are not fellow-citizens; they are instruments of labor, servitude and profit. At first, the Master Class viewed the citizens as serfs; now that they have raped and destroyed the national economy, while in the process amassing unprecedented wealth and power for themselves, they see the people as nothing more than slaves.

America’s public finances are now so completely dysfunctional and chaotic that something far worse than debt enslavement and monetary implosion, terrible curses unto themselves, looms on the horizon: namely, a Master Class-sponsored American dictatorship.

Throughout history, the type of situation in which America now finds itself has been a fertility factory for tyranny. The odds of an outright overthrow of the people by the Washington and Wall Street Axis, or more broadly, the Master Class are increasing dramatically. The fact that so few people believe an American dictatorship is possible is exactly why it is becoming likely.

Dictatorships have blighted history and ruined lives since the beginning of civilization. In recent times alone, tyrants such as Hitler, Stalin, Lenin, Ceausescu, Amin, Hussein, Mussolini, Tojo, Kim, Pinochet, Milosevic, Tito, Batista, Peron, Pol Pot, Mugabe, Marcos, Somoza, Mengistu, Bokassa, Sese Seko, Franco, Ho Chi Minh, Mao, and Castro have power-sprayed blood onto the screen of time and ravaged mankind with murder, torture and human oppression. A full catalog of history’s tyrants would require a book of hundreds of pages. In the past 100 years alone, over 200 million human beings have been annihilated by wars, ethnic cleansings and government assassinations. Just when we think that civilization has been able to rise above tyranny’s inhumanity and disgrace, a new dictator appears on the scene to start the process all over again. Every time this happens, fear and submission paralyze the vast majority of the affected masses, leading them to “follow orders” and lick autocracy’s blood-stained boots.

History has proven to tyrants that oppression works. In fact, it is easy to control a populace, once you control the money, markets, military (including police), media and minions (the recipients of welfare, social security, free health care, government jobs and the like, who are dependent upon the state and likely to be compliant). This is exactly where the United States is today.

Recent American events paint an ominous picture of a Master Class that is now in total control.

When 90% of the American people vehemently rejected the $700,000,000,000.00 ($700 billion) TARP bailout plan, the Master Class put it on a fast track and approved it anyway.

When a clear majority of the American people said no to a government takeover of Chrysler and GM, the Master Class poured billions of taxpayer dollars into those corporate sinkholes and took them over anyway.

When the people said no to multi-trillion dollar crony bailouts for the bankers and insurers whose corruption had caused global financial mayhem, the government pledged to those elite insiders more than $13,000,000,000,000.00 ($13 trillion) of the people’s money anyway.

When the people expressed astonishment and anger that Wall Street planned to pay itself record 2009 bonuses, in the midst of America’s worst-ever fiscal and financial crisis caused by them, Wall Street stuffed its pockets with taxpayer-supported bonus money anyway.

When the people said no to a proposed $40,000,000,000.00 ($40 billion) bailout of AIG and its elite trading partners such as Goldman Sachs (an amount that subsequently exploded to $180,000,000,000.00+ ($180+ billion)), the Master Class went underground, covertly misappropriated taxpayer money and made the payoffs anyway.

When Fannie Mae and Freddie Mac were nationalized at enormous taxpayer expense, the government approved $6,000,000.00 individual pay packages in 2009 (150 times the average American wage) for the CEOs of both failed companies anyway.

When a clear majority of the people said no to nationalized health care, even after being bombarded by a multi-million dollar, lie-drenched propaganda campaign designed to bamboozle them, the House and Senate passed nationalized health care bills anyway.

When more than seven million American workers lost their jobs and were subsisting on unemployment benefits and food stamps, federal government employees, who now earn DOUBLE what private sector workers earn, were given another round of pay and benefits increases anyway.

When private sector workers’ 401Ks and IRA retirement plans plummeted in value due to economic collapse and endemic Wall Street-orchestrated market corruption (including systemic front running, flash trading, naked short selling and other manipulations), government “defined benefit,” lifetime-cost-of-living-adjusted pension plans, despite already being underfunded by $2,000,000,000,000.00 ($2 trillion), were made richer than ever anyway.

The long, shameful litany of events signaling the total divorce between the Master Class and the people of the United States doesn’t stop there. It goes on and on.

The message from the American Master Class to the American people is simple and clear:

We Defy You.

Governments that openly defy the people are either already totalitarian or in the process of becoming so. Monetarily, the United States clearly functions as a totalitarian dictatorship already, with a Federal Reserve that operates in secrecy, creates limitless amounts of debt and currency at will, and showers trillions of dollars upon favored Master Class insiders with zero transparency or accountability whatsoever. The Federal Reserve is so shameless about its dictatorial powers that it flatly refuses to provide details about multi-trillion dollar bailouts and rescues of privileged elites, in open defiance of Congress and the people. The fact that they get away with these blatant acts of defiance demonstrates the true extent of the Master Class chokehold on America.

If the Master Class were a benign despot and if its policies and programs actually worked, that would be one thing. But that is not the case. Rather, its programs are in a complete shambles.

Every single government entitlement program in the United States is bankrupt. This includes Social Security ($17,500,000,000,000.00 underfunded; $17.5 trillion); Medicare Part A ($36,700,000,000,000.00 underfunded; $36.7 trillion); Medicare Part B ($37,000,000,000,000.00 underfunded; $37 trillion); Medicare Part D ($15,600,000,000,000 underfunded; $15.6 trillion), Government and military pensions ($2,000,000,000,000 underfunded; $2 trillion), Food Stamps (current underfunding difficult to measure because the number of recipients is exploding; hundreds of billions underfunded versus original projections, minimum); and the list goes on. The above underfunding amounts are NET of projected tax receipts over the next 50 years. But the current recession has invalidated virtually all long-term budget and tax receipt assumptions, meaning that the true underfunded amounts are now greater than current, already mind-boggling estimates.

While the above statistics are terrifying enough to any citizen with a functioning brain, what is Twilight Zone-eerie and a far more serious cause for alarm is the casual indifference with which the Master Class is now making the country’s dire and irreparable fiscal circumstances even worse.

The nationalized health care program will cost at least $1 trillion over the next ten years, and most likely multiples of that. It is being crammed down America’s throat by a bankrupt government that does not have the money today and will not have the money tomorrow to pay for it. Worse is the fact that the same government that has bankrupted each and every existing social program now intends to directly or indirectly control the health care of all citizens. Based on the government’s existing track record and the health care program’s enormous complexity, invasiveness and cost, the probability that it will become a national fiscal and humanitarian catastrophe is roughly 100%.

“Cap and Trade” is a multi-trillion dollar tax scam being foisted onto the American public without a legitimate debate or popular referendum. You might be surprised to learn that “Climate Revenues” are already included in the federal budget, starting with $79,000,000,000.00 ($79 billion) in fiscal year 2012, which begins only 20 months from now. During fiscal years 2012 through 2019, the government expects to collect $646,000,000,000.00 ($646 billion) in “Climate Revenues,” a completely new tax category. Have any of your elected traitors told you that they have enacted $646,000,000,000.00 ($646 billion) in “Climate” taxes beginning twenty months from now and continuing forever? These “Climate Revenues” are based on junk science, lies and hysteria, and have been pimped by greed-diseased parasites who seek to make billions from operating and manipulating the Cap and Trade “marketplace.” Favored elitists such as Hank Paulson, Al Gore, General Electric and Goldman Sachs, among others, have positioned themselves to profit from the nation’s upcoming Cap and Trade tax misery and economic debilitation.

The reality is that the giant Ponzi scheme called the United States of America is running out of money. In any Ponzi scheme, money must constantly be poured into the top of the funnel in order to pay the redeemers at the bottom. As the number of redeemers has grown, tax receipts have fallen far short of covering their withdrawals, a problem that has now become an outright government funding emergency further aggravated by the fiscal, financial and economic crises.

If the Washington and Wall Street Axis were not legally able to create and distribute counterfeit American money, the Ponzi scheme would have collapsed already. Trillions of new, out-of-thin-air, printing-press and electronic “dollars” have bought the Axis additional time, but new sources of revenue must immediately be found to keep the scam alive. Congress is fully aware of this reality. Outright tax increases would be bad politics during a recession that is morphing into a depression, and also bad for 2010 re-election campaigns, so they cannot be implemented. Therefore, Congress continues to advance the health care and Cap and Trade agendas, which are nothing but taxation Trojan Horses festooned in righteousness and sanctimony, despite overwhelming popular opposition.

If the nationalized health care program is passed, revenues and fees will kick in immediately in 2010, whereas costs will not begin to accrue until 2012 and later. The government plans to spend the revenues immediately to forestall a total fiscal collapse. Nationalized health care has absolutely nothing to do with health care; it has to do with creating an immediate revenue stream to help fix the current government funding crisis. Similarly, Cap and Trade has nothing to do with fixing the environment. It, too, is nothing more than a massive tax increase similarly designed to address the government’s epic funding shortfall, with thick slices of pork thrown  in for privileged insiders and deceitful propagandists like bloated “Father of the Internet” and now “Savior of the World” Al Gore.

The last thing the Master Class wants is for the people to understand the disastrous state of the nation’s finances. Master Class brainwashing tells the people that it is “negative” and “pessimistic” to look at the facts, despite the fact that psychological health is characterized by the ability to identify and deal with reality. The Master Class wants the people to put on Bozo the Clown happy faces and let sugar plums and green shoots dance in their brains as they write one check after another to pay for Cap and Trade, nationalized health care, and a mind-numbing assortment of other taxes and fees.

On Sunday night, November 30, 2009, North Korea’s dictator Kim Jong Il (a name that says it all, even better than Made-off’s), an international poster child of Master Class psychological illness, devalued his country’s currency by 99%. This vicious tyrant, who has given birth to a national hell on earth, is chauffeured in Mercedes Benz limousines, drinks the finest imported whiskies and dines in imperial dignity on foods prepared by personal chefs while his citizens starve to death on the streets or, at best, eke out a subsistence living. Kim became paranoid that the people were actually figuring out how to improve their pitiful, impoverished lives in tiny ways, so he decided to wipe them out. The people were given one week to exchange their money at a rate of 100 old Won for 1 new Won. Any lifetime family savings in excess of roughly $700.00 were simply confiscated by the North Korean government. To keep the people in line, the military and police were put on high alert, fully prepared to kill or arrest any protesters.

On January 9, 2010, Venezuela’s strong man Hugo Chavez devalued his country’s currency by 50%, overnight and without warning, causing immediate inflation, shortages of food and supplies, and general financial chaos throughout the nation.

While you might be shaking your head in pity over the plight of the citizens of North Korea and Venezuela, ask yourself this: could this not happen in the United States?

On April 5, 1933, President Franklin D. Roosevelt, an Obama hero, outlawed gold ownership overnight by signing Executive Order 6102, which gave the people three and one-half weeks to surrender all privately-owned bullion to the government for a price of $20.67 per ounce. On January 30, 1934, nine months after collecting the people’s gold, Roosevelt devalued the dollar 69% overnight, by raising the gold price from $20.67 to $35.00 per ounce.

Since its founding in 1913, the Federal Reserve has devalued the dollar by 98+% thanks to endless money printing and debt creation, a corrosive and impoverishing process that is now accelerating. In the past year, the Fed has engineered $20+ trillion in bailouts, subsidies and guarantees for well-connected and lucky scavengers and opportunists, an amount equal to roughly 40% of the total private wealth created in this country since its inception. All because a few elitist government man-gods with an almost perfect record of error and failure have deemed in their imperial wisdom that it shall be so. The citizens, whose hard-earned wealth is being systematically destroyed by this continual, government-decreed monetary debasement were never invited to the debate or given a say, which is par for the course for dictatorships. This massive de facto devaluation now hangs over the people’s wealth like a great monetary sword of Damocles.

Conceptually, whether it is a 50% overnight devaluation in Venezuela, a 69% overnight devaluation in the United States, a 98% devaluation in America over time, or a 99% overnight devaluation in North Korea, what is the difference? The fact is: there is no difference; monetary debasements are all the same. In each and every case, the people’s wealth is stolen via government edict, while the people stand by helplessly and in shock.

So one must ask: For whom does the bell toll? A foreign “them,” or a domestic us? Who is to say that you will not be told tomorrow morning that, effective immediately, in accordance with some perversely named mandate such as the “American Monetary Security, Wealth Preservation and Terrorism Prevention Act,” enacted by emergency for “the safety of the nation and the financial well being of the citizens,” all existing currency and bank balances will be redenominated in “New Dollars,” at a conversion rate of 1 new for every 100 old currency units? Would this not simply be another, almost predictable act of defiance toward the American people by the Master Class? And if that happened, do you honestly believe that the Master Class would not have been alerted in advance and allowed to make special preparations for itself ahead of the devaluation? Do you think they intend to go down in the same ship as the people they defy? If such a currency devaluation were announced, what could you do about it? March on Washington? But how would you get there if your money had been wiped out?

Despite what you may hear from State Media, which includes virtually all establishment news organizations, particularly financial ones (e.g., CNBC), America is on the precipice. No bankrupt nation in history has ever defended or preserved the freedoms of its citizens. In fact, it has been the exact opposite: in desperation, bankrupt governments have routinely plundered their citizens’ wealth and imposed totalitarian controls. What will make things different for the United States, the largest debtor nation in all of recorded civilization?

The United States government cannot ever, possibly pay its debts, is pathologically incapable of controlling its spending or curbing its hunger for both domestic and international empire and persistently refuses to tell the American people the truth. If America’s citizens were told the truth and given the benefit of true leadership, as opposed to the guile and dishonesty of an endless array of political liars and hacks, perhaps they could rally and defeat the problems that afflict them. But instead, they are fed by the Master Class a steady diet of narcotic propaganda that deludes, confuses and enervates them. The truth cannot set people free if it is never told, and that is the essence of America’s gathering tragedy.

In a future article, we will detail specific developments you should watch for to chart the course of America’s ominous and potentially deadly national storm. The current, grave situation is already a clear call to action. When the signals become even more urgent, it will be late in the game to take protective action, and possibly too late. Citizens should begin to prepare now not just for financial survival, but for the personal security of themselves and their loved ones should a Category 5 economic and political hurricane rip into the nation, something that becomes more likely every day.

With respect to personal finances, in virtually every national currency devaluation and major political upheaval in the past, gold has represented sanctuary for the affected people. Gold has not just preserved wealth, but personal freedom as well. While governments can devalue fiat currencies, they cannot, by edict, devalue gold. Yes, they can try to manipulate its price, but unless all governments join in the collusion, ultimately the price will return to market. The market for gold is global, and demand exists in all nations and among all peoples. Should the government attempt to confiscate gold, it will be an outright admission that the financial system is collapsing, and the people will know better than to hand over to a corrupt government their only means of survival. The most important point is this: devalued currencies never rise again. Once they are destroyed, they are gone forever, and those whose wealth had once been denominated in them are wiped out. As you have no doubt heard before, not one fiat currency has survived over time, and that is an indisputable fact. More significantly, no fiat currency has ever suffered the abuse that has been inflicted upon the United States dollar, meaning that it is at extreme risk. Gold has been money for 5,000 years. It has not merely survived, it has prevailed over each and every fiat currency collapse throughout history. Given this, the most important financial question a person can ask him- or herself today is: How is my wealth denominated at this time? And given its denomination, is my wealth likely to be safe in current and evolving circumstances?

One thing is certain: as the epic David and Goliath monetary battle unfolds, between the people fighting to defend their hard-earned wealth on one side, and a Master Class that greedily and pathologically wants to plunder them on the other, the price of gold will become extremely volatile for a period of time. Volatility will, in fact, tell you that the War on Wealth has officially been declared, and will be your signal to do whatever you must to protect what is yours. As the government Goliath and its Master Class allies short tonnes of bullion into rigged futures markets in a desperate attempt to make gold look dangerous and risky, the Davids will be coming forth not just in the United States but from all corners of the globe, buying 10 grams here and one ounce there. There are 6.8 billion Davids, versus one diseased Master Class that numbers in the small millions. There is no way the Master Class can defeat the people, if the people finally rise up and say “No More of Your Plunder. No More of Your Cold and Soulless Financial Oppression. No More of Your Cynical and Godless Exploitation.”

If you find the above argument compelling, you should consider how to protect yourself from Executive Orders that could be issued at any time, under any pretext, and that could be extremely hostile to your financial and/or personal health and well being. One simple way to start is to purchase one ounce of gold for yourself and each member of your household, and much more if you can afford it. That is not financial advice; it is merely the common sense generously communicated to you by history.

Stewart Dougherty

Stewart Dougherty is a specialist in inferential analysis, the practice of identifying historic and contemporary patterns and then extrapolating their likely effects upon the future. Dougherty was educated at Tufts University (B.A., magna cum laude), and Harvard Business School (M.B.A. and an academic Fellow). He can be reached at stewartdougherty@cs.com. He is not affiliated with or compensated by those he references or recommends. He does not offer investment or trading advice, and nothing in this article should be construed as such. This article represents the author’s personal opinions, and nothing more. The reader has the author’s permission to share, print, forward or post this article provided that the content is not changed and the author is acknowledged.

(H/T Mike)

Big Brother’s Lock On Your Money Is Complete

I wrote about it; I tried to warn people, but after the healthcare fight we just went through, I think most people just wanted a breather from battling the fascists in Washington (to our long-lasting detriment).

Now we have the financial reform bill that includes the new federal agency Office Of Financial Research, and the Bureau of Consumer Protection keeping track of every single financial transaction you could possibly imagine; including your bank balance, and when you walk to the ATM to take cash out.  I wasn’t lying, but I do think I was one of very few writing about it.

The fascists have the banks, the insurance companies, the credit card companies, the car companies, OUR healthcare, and now Americans’ financial transactions.

Senate Democrats Pass Bill Allowing Govt to Collect Addresses, ATM Records of Bank Customers

(CNSNews.com) – Senate Democrats united to pass a financial regulatory bill that allows the government to collect data on any person operating in financial markets at any level, including the collection of personal transaction records from local banks, including customers’ addresses and ATM receipts. (emphasis mine)

The Senate voted 59-39 on Thursday to pass the bill – the chief aim of which is to more-heavily regulate the financial industry – sending it to a conference committee in the House of Representatives, where differences between the House and Senate versions will be ironed out.

The bill, if it becomes law, will create the Bureau of Consumer Financial Protection and empower it to “gather information and activities of persons operating in consumer financial markets,” including the names and addresses of account holders, ATM and other transaction records, and the amount of money kept in each customer’s account.

The new bureaucracy is then allowed to “use the data on branches and [individual and personal] deposit accounts … for any purpose” and may keep all records on file for at least three years and these can be made publicly available upon request.

*break*

Shelby slammed the new consumer bureaucracy, saying that it was meant not to protect consumers but to “manage” them by monitoring their behavior.

“Mr. President, make no mistake, behind the veil of anti-Wall Street rhetoric is an unrelenting desire to manage every facet of commerce under the guise of consumer protection.

“They may be interested in protecting consumers, but they are more interested in managing them,” Shelby said.

Shelby also criticized the idea that Americans need government to watch over their every financial move, saying that it was better to allow people the freedom to make their own choices and fail than to never allow them the freedom to choose at all.

“Mr. President, I have faith in the American people and their ability to make good choices,” said Shelby.  “Granted, we do not always choose well.  But I believe that a poor choice freely made is far superior to a good choice made for me.”

“I am afraid that the architects of this bill do not share this sentiment,” he said. “Nor do they share my faith in the American people.”

Shelby further said that the ability of the Federal Reserve to collect such detailed information about the most basic of financial transactions was the beginning of an effort by government to regulate every financial action of every American citizen.

“This new consumer bureaucracy is intended by its architects in the Treasury to begin the process of financial regulation with the intent of changing the behaviors of the American people,” said the senator.

Shelby appears to be correct. The bill allows the bureau to collect any and all information on any person operating in the financial markets.

As it reads: “[T]he Bureau shall have the authority to gather information from time to time regarding the organization, business conduct, markets, and activities of persons operating in consumer financial services markets.”

Meanwhile, depending on the conference version of this bill, you may be able to fund a new federal agency that takes idle appropriations, invests them, and keeps the profits.  Those profits are ‘not considered the government’s property’. I am still trying to ascertain who that money actually belongs to because it is not yours anymore.

4.15.2010

Obama Turns Financial Reform Into A Political Fight

I am currently reading this bill and wanted to drop an interesting tidbit on you. For those interested in reading the 114 page Manager’s Amendment, go here. I am only a couple hundred pages into this POS but starting on page 60, a new government office is to be established. The “Office Of Financial Research” will be part of the Treasury, and will have a Director appointed by the President and confirmed by the Senate. This office will also have a data collection center to keep track of all financial and nonbank financial institutions so as to be able to report to Congress on companies that ‘threaten’ the economy. It is unclear how big or how many new government employees this office will create, but considering how events are unfolding now with Obamacare, I’m assuming pretty large.

The interesting tidbit pertains to the Financial Research Fund that is to be established and the ability of the Office that is providing Congress with reports to invest monies they aren’t using. Let me know if you think that’s a conflict of interest, and if you would like to know exactly how much money that is?

“Funds obtained by, transferred to, or credited to the Financial Research Fund shall be immediately available to the Office, and shall remain available until expended, to pay the expenses of the Office in carrying out the duties and responsibilities of the Office.”

The above quotes are from Chris Dodd’s markup draft. I went to the actual amended bill (Amendment No. 3739 of Bill S. 3217) that was passed and found the pertinent information starting on page 62, with the investment and non-governmental monies section on page 78. It’s still in there.

At this point, the underground economy is about to get a bit larger.

UPDATE: More information on the Office Of Financial Research, here.

Words Of Wisdom....

The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations.

- Thomas Jefferson

Thomas Jefferson And American Sovereignty

"On every question of construction carry ourselves back to the time when the Constitution was adopted, recollect the spirit manifested in the debates and instead of trying what meaning may be squeezed out of the text or invented against it, conform to the probable one in which it was passed."

--Thomas Jefferson, letter to William Johnson, 1823

It is the sacred principles enshrined in the United Nations Charter to which the American people will henceforth pledge their allegiance.

- President George Bush (41) addressing the United Nations

Which will it be America? US Sovereignty or UN Slavery? - The Monster

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