(Author’s Note: Everyone please welcome the Democratic National Headquarters to this post!)
Sure does look like our elected officials want to repeat the Great Depression with all their meddling in the economy and nationalizing of banks and corporations. Does anyone really think that Bambi or Nancy have any kind of handle on this problem? Do you want to continue to allow Obama, Pelosi and the rest of the gang-rapers in Washington to lie to us and sell the next five generations down the river? Do you really think that any of what they are doing is going to help us? They are LIARS!
But back to the point at hand….
I ran across this post from Puma For Life a day ago and wanted to show my readers the progression of what is happening in the world as we get tunnel vision here in America with what the new administration and the gang in D.C. along with their corporate sponsors are doing to our economy, (i.e. printing enough money to collapse our dollar.)
After several weeks of protests, the Iceland government finally resigned. It appears that the new Prime Minister will be Johanna Sigurdardottir, who is both a woman and gay. It appears that Siurdardottir will be the first gay Prime Minister in the world.
It is important for us to recognize the activism of the citizens of Iceland . They got on the streets and they made enough noise to not only be heard, but to disrupt the government processes. They not only had pots and pans, they had drummers, loudspeakers, and speeches. With the exception of one evening when the crowd’s energy became aggressive against the police, the protests were nonviolent. In fact, the day after the protests turned ugly, a peaceful demonstration was held where free hugs were offered to everyone, including the police.
Now, this may sound like a strange question, but do these people look like terrorists? Well, apparently, back when the whole financial crisis began in Iceland , and the Icelandic banking system collapsed and was nationalized, British Prime Minister Gordon Brown used antiterrorist legislation to freeze the assets of Icelandic banks and companies operating in Great Britain .
Apparently, the British Treasury was concerned that British creditors would not be compensated by the Icelandic government, as they appeared to be giving preference to domestic creditors. As you might guess, this action made matters worse. In fact, it led to a run on the banks in Iceland and the suspension of their currency.
At the beginning of January, the Iceland government made the decision to sue the British Government, through the European Court of Human Rights, for using “wrongful and unjustified” anti-terrorist legislation to freeze the assets of the collapsed bank. It will be interesting to see the outcome of this action.
This may sound very distant and unimportant to people here in the USA , but I am covering this story because, hey, in case you haven’t noticed, we’re moving in the same direction. Not only that, we have tons and tons of antiterrorist legislation just ripe for using against We The People.
PUMA For Life makes a great point about all the anti-terrorist legislation that will be used against us in a time of civil unrest. With all the strange things happening to my blog and the visitors that have been arriving for weeks, I have been waiting to be rounded up post haste.
But I am digressing and wanted to show what is happening in France and Germany right now.
The gloom surrounding this year’s World Economic Forum descended into confrontation yesterday as international labour leaders launched a withering attack on the 1,400 business executives and 41 heads of government at Davos over what the labour leaders alleged was their failure to respond effectively to a deepening crisis of their own creation.
Guy Ryder, the general secretary of the International Trade Union Confederation (ITUC), said that the current financial turmoil had triggered a social timebomb that would lead to deepening civil unrest and soaring crime.
The comments from the confederation, which represents 168 million workers in 157 countries, are the most ferocious example yet of a backlash that has persuaded many who attend frequently to stay away from Davos this year. Yesterday Alistair Darling, the Chancellor, became the latest political figure to stay away from the meeting, after a similar move by David Miliband, the Foreign Secretary.
Mr Ryder, speaking as strikes involving hundreds of thousands of workers erupted across France and Germany, told The Times: “We are on the road to serious social instability, which could be extremely dangerous in some countries to democracy itself.”
He said: “Davos does not make me at all confident. I don’t see any of the leadership here that is needed to get us out of this crisis . . . There is very little contrition here.”
The ITUC warned that around the world more than 50 million jobs could be lost this year and that more than 200 million people would be driven into absolute poverty. The confederation said that the financial crisis had arisen because of “rampant speculation and financial profiteering” and that new global financial architecture needed to be established to “support regulation and ensure coherence”.
Sharan Burrow, the president of the Australian Council of Trade Unions, said that the world was now witnessing the human cost of “casino capitalism” as the impacts of rising unemployment and home repossessions and of plunges in savings and pension funds hit millions of families.
Ms Burrow said: “Why shouldn’t working people be angry? Their money is being used to stabilise the financial system, but it is their wealth, their jobs and the welfare of their children that is being stripped away.”
AND HERE IS THE REASON IT IS HAPPENING…
Since the collapse of Lehman Brothers last September, investors have been increasingly wary of those banks with relatively low capital ratios, thus encouraging banks to hoard funds at the expense of lending to business and investing. “What the markets are suggesting is notappropriate,” he said and called on banks to resume normal business practices and regain some of their lost confidence.
From January 29th Rasmussen Reports:
Public support for the economic recovery plan crafted byand congressional Democrats has slipped a bit over the past week. At the same time, expectations that the plan will quickly become law have increased.
Forty-two percent (42%) of the nation’s likely voters now support the president’s plan, roughly one-third of which iswith the rest new government spending. The latest Rasmussen Reports national telephone survey shows that 39% are opposed to it and 19% are undecided. Liberal voters overwhelmingly support the plan while conservatives are strongly opposed.
Voters continue to soundly reject a recovery plan that includes only new government spending without any tax cuts. Just 15% support such a plan while 70% are opposed. Survey data released yesterday showed most voters believe that tax cuts are always better than government spending. Other recent polling shows that 59% are concerned that government spending will increase too much.