Real vs. Imaginary - the Liars vs. the Enablers - the "Stimulati" classes vs. the Productive classes - Part 1


When person or group A is determined to rule (by coercion and fear) over, and steal the labor of, person or group B, obviously the "system" (e.g. fascism1) by which that evil is carried out must of necessity be characterized by what the Lex Luthors and their Toxic Media (TM) lackeys routinely refer to as "extreme financial complexities". The good news is that thievery in all its many subtleties is by no means rocket science. It IS possible to recognize and effectively oppose it.

It bears repeating: protect yourself and your family with knowledge! Real wealth is NOT money numbers. Real wealth is real stuff. Only phony money numbers is imaginary "wealth", and that can't be lost because it never existed in the real material universe. Let's examine the "extremely complex" facts of the blatantly unconstitutional and unfair I-want-to-steal-your-labor financial system.

Fasten your seat belts, ladies and gentlemen, boys and girls! This week's connect-the-dots-for-regular-folks (like me) blog has lots of wannabe-clever, shamanistic, I-want-to-steal-your-labor, specialized-jargon, "economese" terms you may want to look up (by clicking on link), e.g. depression, deflation, global financial crisis, financial markets, capital markets, stock options, securities, credit derivatives, derivatives trading, economic bubble, market capitalization, collateralized debt obligations, subprime lending, subprime mortgage crisis, frozen credit markets, credit default swaps, selling short, hedging, hedge funds, mutual funds, bailouts, bond markets, Emergency Economic Stabilization Act of 2008, Troubled Assets Relief Program (TARP), market liquidity, accounting liquidity, solvency, insolvency, economic indicators, monetary policy, trader, investor, labor, labor economics, fractional banking, capitalism, socialism, communism, collectivism, individualism, money, fiat money, credit money, monetized debt, currency, medium of exchange, legal tender, business, trade, barter, commerce, contract, wealth, property, thievery, fraud, con game, national debt, deficit, bills of credit, bank note ("bill"), circulation, etc, etc.

The above links are to Wikipedia articles, but as any wannabe-clever fraud or heresy must of necessity be based on 99% truth in order to be successful, when taken in the context of what America's Founders obviously meant by these terms, and the comparisons between what the truth tellers and the liars have had to say on the subject matter, it should be relatively easy to glean the whole truth about lying neo-feudalistic "globalist" financial classes and their evil I-want-to-steal-your-labor "Debt As Money" fraud.

"Credit is a system whereby a person who can't pay gets another person who can't pay to guarantee that he can pay." — Charles Dickens, author of A Tale of Two Cities, a monumental novel about another "financial tsunami" (the French Revolution).

In attempting to understand the "financial tsunami", it is ABSOLUTELY essential to be able to make (and keep) a clear distinction in your own mind between what is real and what is an illusion. Remember, all the cars, trucks, houses, bridges, roads, cows, horses, dogs, cats, ducks and chickens — in short, everything REAL — is still here. Nothing has disappeared. It's just that after the wannbe-clever money-numbers hassle (aka the "financial tsunami") is over, legal title to much of society's real stuff will be held by someone other than its present and rightful owners. We can't afford to lose sight of that simple fact, because if we do, confusion ensues which makes common thievery seem somehow "legal" or otherwise magically acceptable. It is both unsustainable economics and criminally unfair for a bunch of wannabe-clever tyrant-minded banksters to be able to foreclose on real things because borrowers are unable to repay imaginary money numbers of debt that the "fractional-reserve" banksters simply created out of thin air.

Marilyn vos Savant answered an economics-related question with brilliant simplicity in this week's "Ask Marilyn" column. Here is the question and her answer:

"Investors recently lost a large amount of money. But if others were not enriched by the same amount, where did the money go?" — (name omitted as irrelevant.)

"Much of that so-called lost money never existed. Here’s an example: Suppose you buy stock in a $1 million company at $1 a share. A year later, nothing has changed at the company, but the stock is trading at $100 a share."

"You believe your stock is now worth $100 a share. So do all the other investors: Your brokerage statements indicate that your holdings are worth $100 multiplied by the number of shares you own."

"But when you add up all this stock ownership, you see that a company worth $1 million now appears to be worth $100 million only because the last share of stock sold at a high price. This makes no sense, but the figure is commonly used to describe a company’s theoretical value. (It’s called market capitalization or 'market cap.')"

"Now, say the price plummets to $1 a share. Suddenly, the company is worth $1 million again. Where did that $99 million go? Nowhere. It never existed in the first place" (emphasis added).

Compare Marilyn vos Savant's simple self-evident truth, "It [the wealth] never existed in the first place", with "fiscal conservative" Bill Clinton's "extreme-financial-complexities" lies, "Over $30 trillion of wealth has disappeared in the last 5 months. There's no known model that will calculate 1) the economic impact of what we're doing, 2) the economic impact of what others are doing, and 3) the continuing echo contraction of what's already happened. That's why nobody can give you an answer."


So "nobody can give you an answer," huh? I guess "BJ" Clinton has never heard of the book Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free (ISBN-10: 0979560829, ISBN-13: 978-0979560828) or it's author, attorney Ellen Hodgson Brown, J.D.

Here are some remarks from one of Ms. Hodgson's articles titled, "CREDIT WHERE CREDIT IS DUE: THE DIRECT WAY TO FIX THE CREDIT CRISIS":

"Economist John Kenneth Galbraith famously said, 'The process by which banks create money is so simple that the mind is repelled.' If banks can create money, why are we suffering from a 'credit crunch'? Why can’t banks create all the money they can find borrowers for? Last fall, Congress committed an unprecedented $700 billion in taxpayer money to reversing the credit crisis, and the Federal Reserve has already fanned that into $8.5 trillion in loans and commitments. But the bank bailout has proven to be no more than a boondoggle for a handful of lucky Wall Street banks, without getting credit flowing again."

"To understand the real cause of the credit crisis and how it can be reversed, we first need to understand credit itself – what it is, where it comes from, and what the real tourniquet is that has limited its flow. Banks actually create credit; and if private banks can do it, so could public banks or public treasuries. The crisis is not one of 'liquidity' but of 'solvency.' It has been caused, not by the banks’ inability to get credit (something they can create with accounting entries), but by their inability to meet the capital requirement imposed by the Bank for International Settlements, the private foreign head of the international banking system. That inability, in turn, has been caused by the derivatives virus; and only a few big banks are seriously infected with it. By bailing out these big banks, the government is actually spreading the virus by furnishing the funds for them to take over smaller regional banks."

"A more effective alternative than trying to patch up the hopelessly imperiled derivatives positions of these few Wall Street banks would be to simply create another credit system with a pristine set of books. We don’t need to fix the Wall Street disease; we can bypass the whole problem and create a new, healthy, parallel system. A network of public banks (federal and state) could create 'credit' just as private banks do now. This credit could be extended at low interest rates to consumers and at very low interest to local governments, drastically reducing the cost of public projects by reducing the cost of funding them."

"That is not a radical proposal. It is what private banks themselves do every day. But bankers will dispute it, and most people have trouble believing it. So to make a compelling case for this solution, the first thing that needs to be established is that banks create the money they Lend."

There are a number of excellent videos on money, such as "Money As Debt", "America: Freedom to Fascism", "Fiat Empire: Why the Federal Reserve System volates the U.S. Constitution",  and "Monopoly Men" which dispositively prove Hodgson's point that "that banks create the money they lend". Also of great importance as historical background exposing the ongoing revisionist-history lies told by the Grant-packed majorities of U.S. Supreme Court to facilitate the "extreme-financial-complexities" bankster thievery by pretending that it's constitutional (when it is provably NOT) is my essay, "The Big Lie".











Now compare the above "radical" videos with the innocent and plausible sounding video titled, "I.O.U.S.A.", a more "establishment" version of the "national debt" problem which coincidentally pretty much proves that virtually all politicians are liars. Anybody who doesn't think the same thing goes on in both parties is an ignoramus! On the Peter G. Peterson Foundation website, Roger Ebert of the Chicago Sun Times is quoted as saying about this do-NOT-tell-all video ". . . it accomplishes an amazing thing. It explains the national debt . . ." B.S. — it does no such thing! Paul Grignon's "Money As Debt" video explains the whole problem, which is the secret fascist fractional banking - Federal Reserve - IRS cartel and the creation of unlimited amounts of unconstitutional debt-based fiat money out of thin air. Despite it's misleading plausibility, I.O.U.S.A. made the Oscar short list for Best Documentary Feature. That's something the elitist, fascist, neo-feudalistic Hollywood establishment will never let happen to more truthful videos.

I.O.U.S.A.: Byte-Sized - The 30 Minute Version

At this point, a brief digression regarding the meaninglessness of the words "liberal" and "conservative" seems advisable in the flow of connecting dots. I despise the words because they are so unspecific as to be useless for anything but manipulation, ad hominem, and propaganda spin by both "left" and "right", two other words I consider despicably meaningless and misleading.

You can get an idea of what I am talking about from the following two videos. Although they have a definite "leftist" slant, they accurately describe two problems, one how raw government power is used unconstitutionally (this time by "conservatives", although "liberals" are worse), and how the media manipulates and controls public opinion. The fact these two videos have a "leftist" slant doesn't bother me at all. Even a broken clock is right twice a day, and, as I said, these videos are right on point with the problems they describe.

Secret Government - The "National Security" State:

The only thing that bugs me about the "Secret Government" video is that the arrogant elitist liar John Kerry's face is the image when the video is in stop mode. Oh well . . . we can't let that detract from the educational value of the video!

Manufacturing Dissent - Noam Chomsky and the Media:

Philosophy aside, Chomsky has done an excellent job of articulating just how scummy the Orwellian control-freak establishment media truly is.


For practical purposes, I like to divide liberals into two groups: 1) billionaire neo-feudalistic fascists1, and 2) illiterate, illogical and anti-human Utopians whose stock in trade is giving lip service to zealous but utterly unrealistic altruism (aka "brotherhood of man", etc, yadayada). This latter group is comprised mostly of two subgroups, 1) well-meaning, and 2) personality disordered ad hominem hypocrites. Both of these two subgroups of liberals want to "save the world" and usher in "the brotherhood of man" with the "other guy's" money, but NOT their own. Somehow, the "government" or the "system" is supposed to magically provide for everybody's needs if the "evil rich" just weren't so stubbornly greedy.

Group 1 liberals and group 1 conservatives are heads and tails the same thing: tyrant-minded elitist billionaire neo-feudalistic fascists1 who know full well that debt-money-monopoly-communism and debt-money-monopoly-capitalism are the exact same evil thing: I-want-to-steal-your-labor serfdom/slavery. When you can "legally" force the "other guy" to exchange the real products he produces with his real labor for your fraudulent deception-based imaginary debt-money numbers, he is your slave. The borrower is the slave of the lender (Proverbs 22:7).

The great deception of the fascist/neo-feudalist (whether so-called "left" or so-called "right") is this: first he uses simplistic and misleading collectivist (socialistic and/or communistic) arguments of police power to justify wealth redistribution and appeal to the indolent, the greedy, the unfortunate, and the altruistic; then, having prevailed in the arena of public opinion and acquired the power to redistribute wealth, he steals it from the taxpayer (or in the instant case of bailouts and “stimuli”, the financially responsible mortgage holder) and uses capitalistic free-enterprise liberty and property rights arguments to put the lion's share of the loot into his own privately owned corporate and bureaucratic pockets. Such practice is exceedingly clever, to be sure — even clever enough to fool some lawyers, politicians, courts and media talking heads who have apparently given little thought to economics and the natural laws of justice. But the practice is not so clever as to be entirely invisible to all of the people all of the time, and it is guaranteed in the end, as predicted by Justice Brandeis in his famous Olmstead dissent, to precipitate a terrible retribution. This is so because reciprocal justice between individuals is undermined, and the safety and welfare of the WHOLE public is harmed by the deception.

I call group 2 liberals "modern liberals" because they have virtually nothing intellectually in common with the individual-freedom-based philosophy of so-called "classic" liberals such as John Stuart Mill and his famous essay "On Liberty".

Modern liberals don't believe that there exist empirically observable and provable cause-and-effect laws of nature which govern human behavior. They think that perception/imagination IS reality. They neither understand nor believe that the Ten Commandments and the Golden Rule are immutable economic laws of nature which result in happiness and prosperity if complied with and strife, suffering and poverty if ignored. They either disbelieve, or cannot comprehend, the other two immutable economic laws of nature: 1) whatever you tax, you WILL GET LESS of, and 2) whatever you subsidize, you WILL GET MORE of. Because, in their deluded and often disordered state of mind, they truly believe themselves to be so much smarter and more "enlightened" than everybody else, that they think if only they can put their I-want-to-steal-your-labor ideas and agendas into clever enough words, that normal logically thinking people will agree that their imaginary notions constitute reality and a sustainable economic paradigm for the entire human race.

Modern liberals fail to understand humankind's three main problems. The first I call “the Infinity Glitch.” We can’t comprehend infinity. Oh, we can recognize and draw the symbol, and we can even semi-grasp the idea, but we can't assimilate it, feel it, and thoroughly UNDERSTAND it and be at peace with it in our gut. The same brain that can’t accept the ideas of no beginning and no end, once it has put a neat white picket fence around the universe, is the first in line to want to know what’s on the other side of the fence that supposedly now marks the end of the universe. The Infinity Glitch can drive the human mind crazy if we let it. I like to believe that’s what happened to Friedrich Wilhelm Nietzsche, a truly bright mind — but not bright enough to keep from driving itself crazy.

The second problem is the inherent unworkability of the "mind-of-A-controlling-the-body-of-B" paradigm, which I call the "Government Glitch." The reality-based definition of the word is: “Government” = person or group A coercing (via a “legal” monopoly on violence and terrorism) person or group B to obey the will of A on pain of loss of life, liberty, and property. "501(c)(3) Church" = political pecking order organized to brainwash individuals into believing the lies that the theivery and murder perpetrated by "government" is the "will of God."  The reason “government” does not, indeed cannot, work is because when the mind of A is allowed to control the body (physical labor) of B, there is no end to the wants, demands, and expectations of A’s mind. If “in Power,” A’s wants, demands, and expectations are not restricted by the reality-based physical limitations of A’s body to produce all those wants, demands, and expectations for itself. If not “in Power,” then A’s wants, demands, and expectations are restricted by the reality-based physical limitations of A’s body to produce all those wants, demands, and expectations for itself. This fact is why self-sufficiency is vastly preferable to interdependency as both a virtue and a political theory. It is also the reason why, in the long run, no economy can function unless it is composed of willing buyers and willing sellers in a free market.

The third problem is economics-based. I call it the "Producer-Consumer Glitch." The way to identify and define a liar is if he disagrees with this absolute self-evident fact and statement: every single one of us, as an individual, wants to get paid as much as possible for his own labor and products, while simultaneously paying as little as possible (cheap is good, free is better) for the labor and products of “the other guy.” For some reason, we perceive the physical effort (aka “work”) required in the material plane to provide food, clothing and shelter for our robes of flesh (aka “bodies”) as pain to be avoided if possible. Every individual who is not a liar will readily admit that if you offered him $100 and gave him the choice of either 1) working for 8 hours in exchange for the money, or 2) just accepting the "free" money without giving anything in return, he would invariably choose the "free" money which was created by the "other guy's" labor. In the world of consumption, cheap is good, cheaper is better, and "free" is best!

Having just admitted that he would rather be given "free" money than work for it, the sheer self-evident illogic behind the modern liberal's belief that people will somehow magically work and be productive and self-sufficient — even when you subsidize their non-work, non-productivity, dependency and poor/destructive life choices — renders modern liberals "too dumb to live". This is all the more true since they never want their own labor and money to be stolen and redistributed!

And, of course, since modern liberals are so totally illiterate in the subjects of honest money, honest productivity, and a level economic playing field, they have never understood that because money has always bought and controlled the police powers of the State (including the military) the neo-feudalistic Lex-Luthorian fascists1 who control the magic debt-money tree can outbid them for anything (including political elections and bribe-taking politicians2) in the free marketplace that, like it or not, Nature inherently IS. This is why Lex-Luthorian I-want-to-steal-your-labor scum always strive to possess or otherwise control the reigns of inherently evil and inevitably corrupting One-Ring (political) Power: they want to pass "legal tender" laws to force you to exchange your real labor for their fraudulent imaginary money!

Lastly, because the I-want-to-steal-your-labor modern liberals want to steal your labor (hence their "I-want-to-steal-your-labor" name), they must of necessity love the State and hate all love-based beliefs in a Judeo-Christian God. In fact these sneaky tyrant-minded control-freaks so virulently hate the Judeo-Christian God of love and nonviolence, that they do not hesitate to use the hate-and-violence-based "Allah the Beheader" of Sharia Islamofascism to try to destroy all belief in the Judeo-Christian God with morally and intellectually fraudulent arguments of "diversity" and "tolerance".

The Bible says God is the Spirit of Truth (Joh 4:24, Joh 14:17, 2 Co 3:17). Reality defines truth as existence. Truth is not something humans speak. Words — supposedly precise “units of measurement” for thinking up and sharing ideas — are what humans speak. Truth = existence/reality, past, present, and future. So, without offending the atheists too much, we should also be able to define God as the Spirit of existence. For the purpose of helping atheists connect the “God” dots in this essay, I like the definition: God = the (Great I AM Spirit of) collective human desire for existence (life), significance (to be loved), self-ownership/self- determination (freedom), self-realization/fulfillment (purpose), and contentment (happiness and prosperity). The parenthesized "Great I AM Spirit of" phrase is for is for the benefit of ignorant Taghut (Islamic word meaning “against the Divine will”) statist theists (an oxymoron, aka "Sunday," nominal, consumer-client, Ro-13:1- Tit-3:1- Heb-13:17- 1-Pe-2:13, 14-2-Pe-2:10- kingship-of-man, statist Christians, as anathematically opposed to, and contrasted with, Jesus Christ himself and other 1-Sa 8:5-20- Jg 8:22-23- Ps 118:8-9- Ps-146:3- Jer 17:5- Mt-17:24-27-Acts 5:29- Ga-5:1,14,18- 1 Thes-5:21, 2-Tim-3:5- kingship-of-God, anti-statist REAL Christians).

It's not for nothing that the Bible also says you can't serve God (the individual) and money (thievery) at the same time. A societal paradigm where everyone is competing for the political power with which to steal the other guy's labor is unsustainable. It can't possibly work for all individuals separately, simultaneously and equally. Precisely because the self-sufficient, self-sustaining, and self-governing God of the self-sufficient, and self-governing human individual in whose image millenia of Judeo-Christian culture and teachings tell us we are created, forbids us to steal labor, money, property, or any other thing from each other, the I-want-to-steal-your-labor modern liberals have no choice but to either 1) give up their I-want-to-steal-and-redistribute-your-labor agenda, or 2) hate the very same God who protects and defends their own inherent individuality and freedom. That makes them too-dumb-to-live fools!

Oh yes, just in case there remains the slightest question as to what thievery is, in simpler times a more intellectually honest U.S. Supreme Court said: ". . . a law that takes property from A and gives it to B: It is against all reason and justice, for a people to entrust a Legislature with SUCH powers; and, therefore, it cannot be presumed that they have done it." — Chief Justice Samuel Chase writing for the majority in Calder v Bull, 3 U.S. (3 Dallas) 386 (1798).

"It was said by Chief Justice Marshall, in the case of M'Culloch v. Maryland, 17 U.S. (4 Wheaton) 316 (1819), that the power to tax is the power to destroy . . . To lay with one hand the power of the government on the property of the citizen, and with the other to bestow it upon favored individuals to aid private enterprises and build up private fortunes, is none the less a robbery because it is done under the forms of law and is called taxation. This is not legislation. It is a decree under legislative forms." — Mr. Justice Samuel Freeman Miller writing for the majority in Citizens’ Savings; Loan Ass’n v. City of Topeka, 87 U.S. 655 (1874).

So much for the so-called "modern liberals", now for the so-called "conservatives"!


For practical purposes, I find it useful to divide conservatives into two groups: 1) billionaire neo-feudalistic fascists1, and 2) illiterate and illogical "if you don't agree with George W. Bush you're not patriotic" zealots whose stock in trade is giving lip service to free market capitalism, and 3) "We have to grow government now so we can shrink it later" RINOS (Republicans in name only). Group 3 conservatives, exemplified by the too-old, too arrogant, too-abrasive, too-McCain-Feingold, too-Gang-of-14, too Amnesty-for-Illegal-Aliens, too-manipulative, too-clench-jawed loser John McDole, er, McCain, are not merely hypocritical enablers of the DEMS, collectivism, socialism and fascism, but flat out liars who want to completely ignore the U.S. Constitution, completely abandon the principles of individual freedom and limited government, and "reach across the aisle" to "get things done" (meaning make money for themselves and their buddies). This corrupt bunch of elitist, hypocritical, enabling, lying, thieving fascist neo-feudalists are sometimes known by the euphemism "Democrats Lite", or "Socialists Lite". The moronic Lindsey Graham has actually said that "nationalizing the banks should be on the table". This type of person is corrupt, traitorous-to-the-Bill-of-Rights, tyranny-minded scum who must be polarized against and defeated. At least the so-called "liberals" openly admit they want to raise your taxes and steal your labor — and that they couldn't care less about the U.S. Constitution as contemplated by the Founders.

There is no recognizable differences between group 1 "liberals" and group 1 "conservatives". Only illiterate/ignorant rank-and-file DEMS and GOPers believe there is a meaningful difference. Simple fact is, money-monopoly capitalism and money-monopoly communism/socialism are one and the same thing: economic slavery/serfdom.

So-called, self-professed radio icon, blowhard Rush Limbaugh3 is good only for being a world-class ridiculer of "libs" and "liberalism", which he has single handedly turned into dirty words (a good and necessary polarization). He is virtually worthless as an educator in economics. Years ago, when the Internet was just getting popular, and big stars occasionally answered their own email, when I suggested Limbaugh take on the money issue, he emailed me back that the subject was "too esoteric" for ordinary people to understand. This from a guy who pretends that he thinks his listeners are intelligent. That's a lie. He obviously doesn't believe it, it's just part of his showbiz schtick.

Check out blowhard Limbaugh's entertaining speech to the CPAC at footnote 3 below, and then compare his meaningless and educationally worthless rah-rah comedic schtick with the historical truth of the above monetary-reform videos and the honesty, sincerety and scholarliness of REAL lovers of individual freedom such as Judge Andrew Napolitano, Congressman Ron Paul, investor Peter Schiff, and Lew Rockwell, president of the Ludwig von Mises Institute who said "they [government] know they're ripping us off".

Fox News Strategy Room w/ Judge Napolitano, Ron Paul, Peter Schiff 03/4/2009 Part 1:

Fox News Strategy Room w/ Judge Napolitano, Ron Paul, Peter Schiff 03/4/2009 Part 2:

Fox News Strategy Room w/ Judge Napolitano, Ron Paul, Peter Schiff 03/4/2009 Part 3:

Fox News Strategy Room w/ Judge Napolitano, Ron Paul, Peter Schiff 03/4/2009 Part 4:

Fox News Strategy Room w/ Judge Napolitano, Ron Paul, Peter Schiff 03/4/2009 Part 5:

Fox News Strategy Room w/ Judge Napolitano, Ron Paul, Peter Schiff 03/4/2009 Part 6:

Under construction . . .


The chance for a new world order, by Henry A. Kissinger - International Herald Tribune - "International order will not come about either in the political or economic field until there emerge general rules toward which countries can orient themselves. In the end, the political and economic systems can be harmonized in only one of two ways: by creating an international political regulatory system with the same reach as that of the economic world; or by shrinking the economic units to a size manageable by existing political structures, which is likely to lead to a new mercantilism, perhaps of regional units. A new Bretton Woods-kind of global agreement is by far the preferable outcome . . . The alternative to a new international order is chaos." - There's the plan, folks, straight from the mouth of one of the so-called "New World Order's" most elitist fascist neo-feudalists: we get to choose between chaos and submission to an unelected and unaccountable global cabal of elite fascist neo-feudalists who can "legally" steal our labor at will. Cool, huh?! Question is: what are you going to do about it? - JRW

‘Manchurian Candidate’ Starts War on Business: Kevin Hassett, by Kevin Hassett - - "Back in the 1960s, Lyndon Johnson gave us the War on Poverty. In the 1970s, Richard Nixon launched the War on Drugs. Now that we have seen President Barack Obama’s first-year legislative agenda, we know what kind of a war he intends to wage.
It is no wonder that markets are imploding around us. Obama is giving us the War on Business."

Don't endanger free markets, Czech president warns, by Claudia Parsons - Reuters - "Massive government spending and tighter regulation would prolong recession, Czech President Vaclav Klaus said on Monday, as he urged U.S. President Barack Obama not to endanger the free market economy in his response to the financial crisis."

Global Financial Assets Lost $50 Trillion Last Year, ADB Says - - “This crisis is the first truly universal one in the history of humanity,” former IMF Managing Director Michel Camdessus said at an ADB forum in Manila today. “No country escapes from it. It has not yet bottomed out.”

Road Map for Financial Recovery: Radical Transparency Now! - WIRED Magazine - Transparency is generally good. I stuck this on the site for speedy reference, so I can study the article and see if it makes sense. - JRW

Wikipedia scrubs Obama page clean of critical entries - - "Wikipedia, the online 'free encyclopedia' mega-site written and edited entirely by its users, has been deleting within minutes any mention of eligibility issues surrounding Barack Obama's presidency, with administrators kicking off anyone who writes about the subject, WND has learned . . . Wikipedia administrators have the ability to kick off users if the administrator believes the user violated the website's rules . . . Over the last month, WND has monitored several other attempts to add eligibility issues to Obama's Wikipedia page. In every attempt monitored, the information was deleted within minutes and the user who posted the material was barred from the website for three days."

World Bank offers dire forecast for world economy - International Herald Tribune - "The bank said the financial disruptions were all but certain to overwhelm the ability of institutions like it and the International Monetary Fund to provide a buffer. . . . 'This global crisis needs a global solution and preventing an economic catastrophe in developing countries is important for global efforts to overcome this crisis,' said Robert Zoellick, the World Bank president. 'We need investments in safety nets, infrastructure, and small and medium-size companies to create jobs and to avoid social and political unrest.'"

Recession on track to be longest in postwar period - AP - "'In the 1980s, it was clear to people that the inflation rate was going to come way down and it did,' Niskanen said. 'There was a sense that we were going through a tough time for a while as a price of getting inflation down and that things would come back up. Today, they can't see any gain from what's going on.' Consumer confidence is in free fall. Banks are in peril. The overall economy, as measured by the GDP, shrank at a 6.2 percent annual rate in final three months of last year, the worst drop since the first quarter of 1982. The unemployment rate, at 8.1 percent in February, hasn't reached the 10.8 percent reported in November 1982, but the recession is not over."

Deception at Core of Obama Plans, by Charles Krauthammer - - "The markets' recent precipitous decline is a reaction not just to the absence of any plausible bank rescue plan, but also to the suspicion that Obama sees the continuing financial crisis as usefully creating the psychological conditions -- the sense of crisis bordering on fear-itself panic -- for enacting his "Big Bang" agenda to federalize and/or socialize health care, education and energy, the commanding heights of post-industrial society. Clever politics, but intellectually dishonest to the core. Health, education and energy -- worthy and weighty as they may be -- are not the cause of our financial collapse. And they are not the cure. The fraudulent claim that they are both cause and cure is the rhetorical device by which an ambitious president intends to enact the most radical agenda of social transformation seen in our lifetime."

Fed Refuses to Release Bank Lending Data, Insists on Secrecy - - "The Board of Governors contends that it’s separate from its member banks, including the Federal Reserve Bank of New York which runs the lending programs. Most documents relevant to the Bloomberg suit are at the Federal Reserve Bank of New York, which the Fed contends isn’t subject to FOIA law. The Board of Governors has 231 pages of documents, which it is denying access to under an exemption under trade secrets. "

Jim Cramer's response to the White House - - "Now some, including Rush Limbaugh, would say I am on another enemies list: that of the White House. Limbaugh says there are only a handful of us on it, and if I am on it for defending all of the shareholders out there, then I am in good company. Limbaugh -- whom I do not know personally, but having been in radio myself, know professionally as a genius of the medium -- says, 'They're going to shut Cramer up pretty soon, too, but he'll go down with a fight.' Limbaugh's dead right. I am a fight-not-flight guy, so I was on my hackles when I heard White Press Secretary Robert Gibbs' answer to a question about my pointed criticism of the president on multiple venues, including the Today Show."

International evidence suggests there is a 20% chance our stock-market crash will lead to much worse. - Wall Street Journal - "The most serious concern is that the downturn will become something worse than the largest recession of the post-World War II period -- 1982, when real per capita GDP fell by 3% and the unemployment rate peaked at nearly 11%. Could we even experience a depression (defined as a decline in per-person GDP or consumption by 10% or more)? . . . The bottom line is that there is ample reason to worry about slipping into a depression. There is a roughly one-in-five chance that U.S. GDP and consumption will fall by 10% or more, something not seen since the early 1930s."

Carville, Begala, Emanuel Plotted "Operation Limbaugh" Beginning Last Fall - - "The bigger, the better, agreed Carville. 'It’s great for us, great for him, great for the press,' he said of Limbaugh. 'The only people he’s not good for are the actual Republicans in Congress.' . . . The seeds were planted in October after Democracy Corps, the Democratic polling company run by Carville and Greenberg, included Limbaugh’s name in a survey and found that many Americans just don’t like him. 'His positives for voters under 40 was 11 percent,' Carville recalled with a degree of amazement, alluding to a question about whether voters had a positive or negative view of the talk show host . . . 'The television cameras just can’t stay away from him,' Carville said Tuesday, a day when cable news played images of Limbaugh seemingly on a loop. 'Our strategy depends on him keeping talking, and I think we’re going to succeed.'"

Rick Santelli: I Want to Set the Record Straight - - Rick explains the "Rant Heard Around The World".

Rick Santelli's video archives at CNBC - - I like Santelli, because he impresses me as being refreshingly honest! I like that he lives in a "2500-square foot ranch" because my house is 2200-square foot. Lots of interesting viewing here! - JRW



Dave Ramsey: It's Freaking Socialism!:

8 Ways to Explain the Economic Crisis - Rosenfeld Media - "Rosenfeld Media publishes short, practical, and useful books and webinars on user experience design. Our products explain the design and research methods that web professionals need to make informed design decision" - These guys know a LOT more about technology than they do money and the "financial tsunami", but I thought the site was interesting anyway. - JRW

Wall Street tumbles anew as financials slide - AP - "Investors' despair about financial companies and the recession have brought the Dow Jones industrial average to another unwanted milestone: its first drop below 7,000 in more than 11 years." "I don't think we find a bottom in the market until we see some sort of increased level of optimism and confidence among consumers and investors," said Jim Baird, chief investment strategist at Plante Moran Financial Advisors."

Separating school and state, by Samuel L. Blumenfeld - WorldNetDaily - "The death of Marshall Fritz on Nov. 4, 2008, reminds us not only of the fragility of human life but also of how much we owe to the energy and brains of a few inspired people to organize a truly strong defense of freedom." "While I have been advocating getting the government out of education for years, it was Marshall, a Christian libertarian, who created the Alliance for the Separation of School and State, thus launching the first organized attempt by concerned citizens to undo America's addiction to government schooling. Marshall understood that the most important institution in a socialist society is government owned and controlled education of the young, and he understood how difficult it would be to cure Americans of this popular addiction. "

It Will Get Worse, by Vox Day - WorldNetDaily

Brutal February for Blue Chips - Wall Street Journal - "The S&P 500 fell 17.74 points, or 2.4%, to 735.09. Its financial sector dropped 6.5% and its health-care sector sank 4% on fears that President Barack Obama's reform plans will carve into the profits of drug makers and insurers. The S&P is off 53% from its October 2007 peak and has now seen its worst six-month drop in percentage terms -- 42.7% -- since 1932, when it dropped 45.44% in the six months ending in June."

German Anti-Globalization Protesters: 'We're Not Paying For Your Crisis!' - Spiegel Online - "The European Commission estimates in a secret paper that the banks are still sitting on toxic assets worth several trillions of euros. To guarantee such sums would be beyond the means of any public fund. Instead, it would be better to let the banks go bankrupt in a controlled fashion, then put them under public control and then recapitalize them."

Obama Declares War on Investors, Entrepreneurs, Businesses, And More - CNBC - Money & Politics

Murdoch Warns: Nations Will Be Redefined, Futures Altered - - "We are in the midst of a phase of history in which nations will be redefined and their futures fundamentally altered." "Many people will be under extreme pressure and many companies mortally wounded." — Rupert Murdoch


1. Fascism = "private economic enterprise under centralized governmental control" — Webster's New World Dictionary of the American Language, Second Edition (Library of Congress Catalog Card Number: 70-105348). A second synonymous definition would be: fascism = de facto (as contrasted with de jure) private ownership of government over a herd of dumbed-down-by-public-education sheeple who, ignorantly believing countless false political2 promises, gullibly vote in favor of their welfare-state-serf economic status.

2. Always remember, "politics" = person or group A trying to persuade person or group B to obey the will of A, most frequently for the personal financial benefit of A and to the personal financial detriment (higher taxes) of B. That is why deception = the so-called "art" of politics. That is also why "politician" = professional deceiver, and why "political" = deception-based, or having to do with deception.

3. Limbaugh speech to CPAC in 10 parts on YouTube:












Check out the talk string (public discourse) at Rush Limbaugh A Weekend Cable Draw


Gibbs: WH Diversionary Strategy "Counterproductive":

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