Paul Craig Roberts is a former Assistant Secretary of the Treasury and the father of ‘Reaganomics‘. In this interview, he details the changes in the American economic and political landscape that are aiding the ‘Decline of the American Empire‘.
Loss of the American middle class through lack of jobs that have been off-shored.
America has lost the law that ‘protects the innocent from the power of government’; losing civil liberties with the rise of the police state.
Collection of dictatorial power in the Executive branch to the exclusion of the Legislative and Judicial branches.
Mr. Celente covers the trends that he has been speaking about for years with a new twist; ‘a time release plague’. Alex, of course, asks him to be more specific and he talks about the obesity problem in our country, how it happened, the poisoned food we have been eating and how it is going to be taking a toll on our population as the economic pressure increases. He believes that we are going to be seeing a ‘thinning of the herd’, and the 20% of the population that are independent thinkers, not followers, are going to start leading the way.
“So, as its going down, you don’t have to go down with it. As its going down, see where gold is going. Think 100 times before you get sucked into buying another piece of real estate. Break the chains from those chain stores. If enough people stop going to Walmart,…stop going to Target, stop eating McDonalds. Guess what? They collapse. You know why? Because they are working on margins, and the only way those margins grow is by them expanding…. 20% of the people in this country can break those chains.”
Meet Edwin Black, an award winning investigative journalist with numerous published books about the ‘how’ of genocide by exposing the true instigators behind the deaths of millions. I stumbled upon him listening to a Catherine Austin Fitts interview that I will post about our ‘Tapeworm Economy’ as soon as it becomes available.
Edwin Black is the award-winning, New York Times bestselling and international investigative author of 71 award-winning editions in 14 languages in 61 countries, as well as scores of newspaper and magazine articles in the leading publications of the United States, Europe and Israel. With a million books in print, his work focuses on genocide and hate, corporate criminality and corruption, governmental misconduct, academic fraud, philanthropic abuse, oil addiction, alternative energy and historical investigation. Editors have submitted Black’s work ten times for Pulitzer Prize nomination, and in recent years he has been the recipient of a series of top editorial awards.
Mr. Black’s books include: IBM and the Holocaust, The Transfer Agreement, War Against the Weak, Banking on Baghdad, Internal Combustion, The Plan, Nazi Nexus, and a novel, Format C:.
The video below is his lecture based on his book ‘War Against the Weak: Eugenics and America’s Campaign to Create a Master Race’. It details more of the true nature of the eugenics movement in America in the early 1900’s and the people involved that we previously did not know about.
Edwin Black discussed his book War Against the Weak: Eugenics and America’s Campaign to Create a Master Race, published by Four Walls Eight Windows. The book discusses a large-scale eugenics movement that began in the U.S. in 1904 and that was championed by the nation’s medical, political, and religious elite. Eugenics sought to eliminate social “undesirables” and was eventually copied by the Third Reich. Mr. Black responded to questions from members of the audience.
Another amazing lecture based on his book, ‘Nazi Nexus’, can be found here. The video from 4.26.2009 is on C-Span2’s BookTv and is un-embeddable. I urge you to watch it also as it details the magnates and American corporations behind Hitler including Henry Ford, Ford Motor Company, IBM, Stanford University, etc.
“…I was asked to connect the dots, and when I did, I realized that the actual scope of the Holocaust, the enormity of the Holocaust, the dimension of the Holocaust was determined by American corporations, each in their own way.” – Edwin Black, Nazi Nexus
For those of you that want even more information, here is IBM and the Holocaust. I am currently reading this as there are parallels between the Third Reich’s use of IBM technology to catalog everything from identifying Jews to “the running of railroads and organization of concentration camp slave labor.”, all in the name of profit — to the databases that are now being set up for the Office of Financial Research and Obamacare.
I am currently trying to track down exactly who the government contractors are that are installing and maintaining these databases. I would consider it a great honor if a reader would expedite discovering that information for me. If someone does, please send it via the Contact page at the top of the blog.
Alex Jones interviewed Jonathan Irish about the hearing that occurred today in New Hampshire (with a rally going on outside the court house), how the NH Dept. of Family Child Services had incorrect information in their affidavit which resulted in charges being dropped against Mr. Irish, and his daughter being returned to her family. It appears to be a case of mistaken identity in regards to the allegations against Jonathan Irish. Here’s a thought for readers to mull over…
How is it that they knew that Mr. Irish was an Oathkeeper but got the allegations of previous domestic abuse totally wrong? According to the military mind in the Monster’s household, “it’s a test; a trial balloon to see how patriots react.” That surely resonates true.
I wanted to remind Monster readers about the 27 hour live MoneyBomb marathon by Alex Jones of Infowars that is happening today through tomorrow. I have been checking in through the day and the interviews with Lord Monckton and Webster Tarpley were amazing. Later this evening Alex will be speaking with Dr. Stan Monteith and Gerald Celente live and rebroadcasting a Catherine Austin Fitts interview that I urge you to watch.
To watch the live feed, click here. To donate and keep the alternate media on the air, and the amazing documentaries in production, click on the image. At this writing, Alex reports $238K reached, with a goal of $500K.
I wrote yesterday about the feds coming for your 401(k)s using Theresa Ghilarducci’s ‘Guaranteed Retirement Account‘ plan. I just did a little tiny bit of digging on Theresa and I have to admit that although I should not be shocked anymore, I was left breathless by just one page from one website. The depth of the collapsing progressivism is just heinously out-of-control, but this post is not about that research. I will do another article subsequently after I re-introduce my readers to John Willoughby who is making a run at unseating Autocrat Mazie Hirono here in my home state, Hawaii, District 2.
John is the Tea Party endorsed candidate who just picked up an endorsement from Sarah Palin. John is a true ‘small government’ Constitutional conservative, a former navy pilot, and current commercial airline pilot, and our best hope of sending Mazie packing. Please consider donating to his campaign here, as when we last communicated he stated, “I have not received, nor have I been told I can expect, any support from the RNC.”
John has written an article on this very issue of the government seizing Americans’ 401(k)s, with his personal experience of losing his retirement when United Airlines filed Chapter 11. It may help us average moos understand exactly what the social wealth redistributionists are up to.
Psych! The government hasn’t taken the first step… Whether you know it or not, they’re already on, like, step 10.
After the attacks of 9/11 on the World Trade Center and Pentagon, the airline industry was thrown into turmoil. The Bush administration sprang into action and in just eleven short days established the Air Transportation Stabilization Board, a U.S. Treasury Department office designed to stabilize an airline industry that was already in dire straits prior to 9/11. The ATSB was to issue federal loan guarantees to viable airlines unable to acquire conventional credit. An amount that seems now like a paltry sum of $10 billion in loan guarantees (not bailouts) was appropriated by U.S. Congress to assist the airlines.
In essence, establishment of the ATSB provided the means by which airlines (including my employer, United Airlines) could continue to operate while meeting their financial obligations, including the funding of the employees defined benefit pension plans.
Instead of immediately applying for the loan guarantee, United Airlines — hemorrhaging money and suffering from self-inflicted wounds including a flawed business plan, an expensive, outdated, and fuel guzzling fleet of aircraft, inefficient work rules, bloated payroll, and unpaid pension obligations — opted to choose protection under Chapter 11 bankruptcy as a means to stop paying leases on aircraft, slash payrolls, layoff nearly half its work force and abrogate its contracts with its labor unions to include defaulting on pension obligations. This effectively ended the defined benefit pension plan.
Under bankruptcy protection, UAL then applied for the ATSB loan guarantee. They touted elimination of the pension plans and other draconian cost saving measures to prove to the ATSB that they were serious about staying viable and thus worthy of the loan guarantee. After a lengthy application process including a rare reapplication after initial denial, it was determined by the three-member ATSB that UAL was perfectly capable of establishing credit withoutthe government guarantee and denied the second application.
This is significant in two ways. First and most important, the market, not government determined whether UAL would survive (which it did). Secondly, by not taking government funds, UAL CEO Glenn Tilton was able to parley some $40 million in executive compensation for himself and tens of millions more for his immediate staff with nary an objection from the public, media, or Representative BarneyFrank.
But it was after this process that I first realized how little control (whether a result of government intrusion or other external forces) we the people actually have over our future, our financial security and the legacy we will be allowed to pass on to our children and grandchildren. With the stroke of a pen, we employees lost our hard earned retirements.
You see, in the past UAL and its labor unions negotiated a comfortable defined benefit pension plan that promised to pay a specific monthly payment at retirement (just as federal, state and local government agencies do now). Unlike government pension plans, that are funded by taxpayers, UAL (and other private and publically held companies that provide a defined benefit pension plan) was responsible to make regular contributions to the plan in addition to insurance premiums it was required to pay to the Pension Benefit Guarantee Corporation, an independent agency of the federal government designed to assume pension obligations in case of pension plan failure.
When UAL filed for Chapter 11 protection, its pension obligations and all monies in the plan were turned over to the PBGC. This was a windfall for the PBGC who developed a formula to continue making current pension payments at a drastically reduced amount and establish a schedule for paying future obligations — my and other’s retirements — at pennies on the dollar.
This is what my Hawaii public and private Union brothers and sisters have in store for them in the immediate future (when it is realized that there is no money to pay the $39 Trillion in unfunded pension obligations) and the rest of working Americans have to look forward to if Democrat Congressional Representative Mazie Hirono and “that San Francisco crowd” have their way.
There is method to their madness. Despite the majority party in Congress’s absolutely unconscionable gargantuan spending spree and outlandish promise to pay down their $13 Trillion plus obligation without the means to do it, they know they have a yet untapped resource from which to draw and plan to follow.
Our Union benefactors (and recipients of millions in union campaign contributions) Hirono and her fellow House Democrats including Speaker NancyPelosi, House Education and Labor Committee Chairman George Miller, D-California, House Ways and Means Committee’s Subcommittee on Income Security and Family Support Chairman James McDermott, D-Washington, invited Teresa Ghilarducci, Professor of Economic Policy Analysis at the New School of Social Research in New York to testify at McDermott’s committee. Professor Ghilarducci provided a plan to nationalize America’s private pension system and allow Congress to get their hands on $8 trillion of our money. (What’s especiallystinging is that my local Air Line Pilots Association council recently presented Representative Miller with an award for support of our Union. We lost our retirement once, and now he’s going to pick the bones.)
First,they will nationalize (steal) our hard-earned 401K and IRA accounts — every penny.
Second, they will issue each family an account (with a starting balance of zero) administered by the Social Security Administration (oh, I feel better already). We will be required to contribute to the account, 5% of our annual income (non tax deductable).
Third, the government will contribute up to $600 indexed for inflation (or it would actually be a negative sum gain) annually. Fourth, the government would guarantee a 3% rate of return (not indexed for inflation).
So, if you have a job that pays around $50,000 a year, over a 30-year career you will have built a retirement account worth around $150,000. Now, let me see… That will yield a monthly retirement stipend that is less than the present Social Security payment alone. The upside is that this will be guaranteed, hence the title “Guaranteed Retirement Account.” Oh by the way, only 50% can be passed to your heirs upon your death. Questions???
Yes. Are they out of their freaking minds! Who is speaking out against this? Who thinks the Democrat majority in both the House and Senate and the White House can’t get away with this? They have been preparing their “spread the wealth” strategy since early last election. They don’t actually believe they are helping Americans plan for their retirements… They simply want to get their hands on the $80 billion in annual 401K tax breaks millions of Americans currently receive and the crown jewel — the $7 trillion currently in Americans retirement accounts to pay for their socialist agenda.
What support can we expect this ill-conceived scheme to receive from our Hawaii Representatives? As for Mrs. Hirono, she has blindly voted with her Democrat majority nearly 100% of the time. We can also count on socialist Gubernatorial Candidate Abercrombie to be a chief drumbeater for this effort, then “bring the same change from Washington to Washington Place.” The rest is up to us.
(UPDATE: 10.14.2010, Law firms based in the District of Criminals are coming out of the woodwork and reading this post. Everybody wave!!)
Fascism is alive and well in the District of Criminals. Fascism is the only way to describe a federal government so full of themselves that they believe seizing Americans’ 401(k)s is perfectly acceptable; nevermind the immorality or un-Constitutionality of the move. They really do believe that it is their money and they just let us use it.
I found the link to this story on Market-Ticker and one needs to give credit to a master when it is due (which is just about every day with this guy. I am so freakin’ glad Karl is on the internet!)
If there’s a pitchfork moment in this country it had better show up fairly soon, because if this report is accurate you can bet that these clowns are going to find a way to attach this in some obscure section of a 2,000+ page “must pass” bill – another one of those “you have to pass it so you can read it” deals.
I know we are all just waiting and holding our breath for 11.2.2010 in hopes that flipping this congress will actually make some sort of difference in the slow, agonizing, ‘managed decline‘ of the United States under the progressives who by all appearances are throwing everything including the kitchen sink at the economy in an effort to collapse it. This is the part, IMO, that the GOP hasn’t gotten the memo on yet (if their pledge is anything to go by); pitchforks before or after the economy completely tanks.
Here’s the story about Congress seizing 401(k)s, Human Events, 10.8.2010:
Democrats in the Senate on Thursday held a recess hearing covering a taxpayer bailout of union pensions and a plan to seize private 401(k) plans to more “fairly” distribute taxpayer-funded pensions to everyone.
Sen. Tom Harkin (D-Iowa), Chairman of the Health, Education, Labor and Pensions (HELP) Committee heard from hand-picked witnesses advocating the infamous “Guaranteed Retirement Account” (GRA) authored by Theresa Guilarducci.
(You can find the blistering interview with Guilarducci by radio talk show host Mark Levin in 2007 at the link).
In a nutshell, under the GRA system government would seize private 401(k) accounts, setting up an additional 5% mandatory payroll tax to dole out a “fair” pension to everyone using that confiscated money coupled with the mandated contributions. This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending.
“We need a comprehensive solution that addresses interrelated problems. For example, a system that places most of the burden for retirement saving on individuals will always have to wrestle with the problem of pre-retirement loans and withdrawals (simply plugging these leaks will not work, because many workers would stop contributing to the system). A system that relies on tax incentives to promote individual retirement savings will necessarily tend to favor high-income workers who can afford to save more and who benefit the most from these tax breaks. Conversely, a truly universal system would need to shield low-income workers from out-of-pocket costs or wage cuts. EPI has published and advocated what we feel would be an excellent national supplemental retirement plan, the Guaranteed Retirement Account which was authored by Prof. Teresa Ghilarducci, Director of the Schwartz Center for Economic Policy Analysis at the New School for Social Research. “
The EPI is housed on the third floor of the building occupied by the George Soros-funded Center for American Progress, a hard-core leftist group whose flavor of socialist policy has brought you the current blend of elitist socialism and crony capitalism bankrupting the American economy. Which speaks volumes about EPI and the Democrat leadership’s choice of witness.
Brett McMahon, spokesman for the Associated Builders and Contractors (ABC), a trade association, warns this hearing exposed part of a process that may come as early as the November lame duck push to bailout union pensions by attaching the bailout to an across-the-board extension of the current tax rates.
“I am deeply concerned that they will try to attach something like the Casey bill or the Casey bill in and of itself to tax cut extensions bill that is inevitably going to have to be dealt with at some point during the lame duck session,” McMahon told HUMAN EVENTS.
As reported in HUMAN EVENTS the Casey bill from Sen. Bob Casey (D-Penn.) is a new entitlement program that would set up a permanent bailout of the union multi-employer pension plans that are desperately underwater through a new “fifth fund” at the government Pension Benefit Guaranty Corporation (PBGC). Casey’s bill would create a line item on the federal budget through the PBGC to fund these union pension bailouts annually — union pensions that are underwater as a result of mismanagement that pre-dates the 2008 financial upheaval.
Come on folks, laugh along with me because we are wayyyyyyyyyyyyy past the point of being frightened.
The unbelievable stupidity and ineptitude of the government goes unchecked when a 20 year old U.S. born citizen of Egyptian descent is secretly GPS tracked by the FBI, who then gets caught, and shows up in force to get their GPS unit back. I’m wondering which event came first, the tracking or the 9th Circuit Appeals judge stating it’s legal to trespass when the government is spying on it’s citizens. Well, maybe that’s not how the decision was actually stated, but the results are the same, yes?
A California student got a visit from the FBI this week after he found a secret GPS tracking device on his car, and a friend posted photos of it online. The post prompted wide speculation about whether the device was real, whether the young Arab-American was being targeted in a terrorism investigation and what the authorities would do.
It took just 48 hours to find out: The device was real, the student was being secretly tracked and the FBI wanted its expensive device back, the student told Wired.com in an interview Wednesday.
The answer came when half-a-dozen FBI agents and police officers appeared at Yasir Afifi’s apartment complex in Santa Clara, California, on Tuesday demanding he return the device.
Afifi, a 20-year-old U.S.-born citizen, cooperated willingly and said he’d done nothing to merit attention from authorities. Comments the agents made during their visit suggested he’d been under FBI surveillance for three to six months.
An FBI spokesman wouldn’t acknowledge that the device belonged to the agency or that agents appeared at Afifi’s house.
“I can’t really tell you much about it, because it’s still an ongoing investigation,” said spokesman Pete Lee, who works in the agency’s San Francisco headquarters.
Afifi, the son of an Islamic-American community leader who died a year ago in Egypt, is one of only a few people known to have found a government-tracking device on their vehicle.
His discovery comes in the wake of a recent ruling by the 9th U.S. Circuit Court of Appeals saying it’s legal for law enforcement to secretly place a tracking device on a suspect’s car without getting a warrant, even if the car is parked in a private driveway.
Okay stupid moos, is there any question in your mind about why Chairman Zero turned down IBM CEO Samuel Palmisano’s offer to reduce the cost of healthcare by $900 BILLION DOLLARS? Mort Zuckerman won’t hazard a guess in this interview with Stuart Varney on ‘Your World’, but we all know why Obama turned it down.
The federal government can harness technology to reduce fraud and waste and improve operational efficiencies, a council of technology executives says.
The Technology CEO Council, chaired by IBM (IBM) CEO Samuel Palmisano, estimates that the government could cut spending by $1 trillion if it followed the TCC’s guidelines.
“We’re serious about helping to provide solutions for the mounting debt crisis, and we’re optimistic that changes today will help lay the foundation for future job growth and innovation for our country,” Dell (DELL) CEO – and council member – Michael Dell said in a statement.
The deficit is estimated by the White House to exceed $1.4 trillion this year and next; it’s adding to a debt burden that’s larger than $13 trillion.
But the nation may be able to leverage innovative procedures developed by the tech sector to slash the deficit. Half a trillion dollars could be saved, for example, if the government were to consolidate its supply chains; another $200 billion could be saved by applying analytics technology to ferret out fraud in grant applications and the welfare system.