Thursday, 29 January 2009

Deception in Quest of Remedy (Willie)
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68. Deception in Quest of Remedy (Willie)Updated at 9:10 AM
Edited on Thu Jan-29-09 09:57 PM by Ghost Dog
by Jim Willie, CB. Editor, Hat Trick Letter | January 29, 2009

What an interesting time we live in! By now, anyone who feels burned by the establishment, whether the Wall Street banksters (fraud kings) or USCongressional representatives (paid lobbyist clients), or USCongress banking committees (bribed Wall Street tools), or a private hedge fund conman (protected by regulators), or financial markets (victims of naked shorting), or an employer (from foreign plant & equipment investments), beware. More deception and betrayal and smokescreens and outright lies lie directly ahead. The next TARP disbursal will be much better disguised, more of the same welfare for the elite. The next stimulus plan will be loaded down by pork, earmarks, and clever disguises to enable continued bank aid with unenforceable clauses to protect the public, and namby pamby thin oversight. The tragedy is that Jack Daniels cannot take a handoff in any reconstruction from a strawman dressed as John Maynard Keynes. The other tragedy is that the US does not have adequate labor workforce to do reconstruction, nor does the US have factory capacity to fill orders on reconstruction.



The Obama team is more of the same, with blue jackets instead of red jackets, whose bow ties to the corrupt power centers are just as firm as the last team. To their credit, they do deliver public addresses with better command of the English language and far less contempt for the unwashed masses. The utterly stupid message made by Geithner before Congressional questioners about Chinese Govt manipulation of their yuan currency is added proof of no changes to failed policy, and ratcheting toward full-blown trade war. The Chinese are really angry, and have heaped insults across the Pacific in return. Can anyone in a position of authority recall that the USGovt needs good relations from creditor nations, since absolute and total recklessness is required to purchase USTreasury Bonds in the current climate of failed systems. The US suffers from failure of an extraordinarily complex system. It needs an overhaul, not greater pressure applied to the same broken connections, channels, and imbalances. The Obama moves so far are more of the same with a banner of hope attached. Hope is a device used by failures who had no plan.

The Ethics Guidelines are a public relations stunt, visible already, akin to promises by pedophile priests not to touch the children. Note the exemption for William Lynn, appointed to be deputy Defense Secretary. Lynn was the Pentagon comptroller who oversaw $2 trillion in missing defense contractor funds years back, but is now a registered Raytheon lobbyist. He is the selection? He is on the rear pages of the news. And also Mark Patterson runs aground, appointed as chief of staff to Treasury Secy Geithner, but a high level Goldman Sachs lobbyist. Patterson will continue in his newly named post as long as he pledges to avoid all conflicts of interest. Whew! What a relief! This reminds me of the Microsoft Chinese Wall between application developers and operating system wonks, where the Sherman Antitrust Act forbids all communications. The Obama Admin is showing some peculiar exceptions, all certain favors to the Powerz. Recall that Defense Secy Gates is the first ever to continue during a transition of presidents. That is how important the clandestine war revenues are to the big banks and syndicates. Nothing changes. If real meaningful change was desired, then 90% of the lobbyist organizations would be forcibly disbanded, tax structures would be overhauled, manufacturing would return to US shores, and much more.


The USEconomy continues to deteriorate during the disintegration process that is evident only to those not paid to close their eyes. The housing decline continues, as new data is out. Consumer confidence is rock bottom, plumbing lower levels than ever. Job losses are the mushroom cloud, badly understated. Despite criticism of European high unemployment, the US has a very high jobless rate right now, when the novel approach is used, COUNTING PEOPLE WITHOUT JOBS. Even the broader U6 jobless rate published by the Bureau of Labor Statistics is at 13.5%, which counts the discouraged workers dropped from state insurance. The Shadow Govt Statistics folks go further, and ferret out other jobless who are typically ignored in a systematic fashion by the BLS. The SGS jobless rate is estimated at 17.4% alarmingly. It could be close to 30% for minority groups. The next stories to grab headlines will include the extreme supply chain constipation, from port facilities to chemical plants to refined energy products like gasoline to food items. Word comes to my desk that the plastics industry has a horrendous backup in the chemical pipelines, due to lack of end product demand. Soon a large slice of US industry will come to a halt, in a land where not much has the lights turned on...

Also, details are given on martial law preparations that have become very loud, from numerous corners, whose order for mercenary troops comes from a very surprising place. That would sidestep the Posse Comitatus Act. Agreements have been struck to provide foreign mercenaries on US soil, an incredible development. Also, murmurs from international groups raise objections to US banks operating with ties to narco war funds. People in high positions are talking. Then there is Russia, which is pushing toward a review of the Afghan region and prosecution of the war. Sounds like Putin wants his cut, his leverage being airbase canceled contracts in the Chaos-stan nations. Worse, the Untied States, being a nation whose leaders do not read, respect, or learn from history, are committed to a disastrous path. Putin has blocked the USMilitary in both Krygystan and Uzbekistan. Next, in the words of a well connected contact, “ have the West cornered in Afghanistan, and they will stand by to see them being slaughtered as has happened many times before in Afghanistan.” It seems the planned Surge might just lead to a climax of destruction and failure to match that of the USEconomy. Nature does force balance.


Edited out plugs for gold.

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