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September 20, 2008 Elaine Meinel Supkis The Democratic Republic of America is dead. It was taken over last night in a private coup by the former Wall Street money man, Paulson and the lunatic economics professor, Herr Bernanke. Between themselves, they have seized the reins of power and are now the unelected rulers of the USA. The Supreme Court ruled in 2000 that we don't get to vote for President. Now this! Both Congress and the barely-elected President who should be impeached and arrested for both war crimes and refusing to protect America on 9/11, both of these entities are TRAITORS. They should either arrest the financial conspirators or resign from office. Next: a military coup. Federal Reserve Chairman, Martin, speaking in 1954: There is one other fundamental thing that again is right at the heart of it . Monetary policy in my judgment should never be used to restore the purchasing power of the dollar. Once it is gone, it is gone. Production and productivity are the only ways we will restore the purchasing power of the dollar.
We will read more of this ancient speech from the old times when we still had a democracy of sorts. We just won WWII and were entering the Cold War when Mc C. Martin made this long speech explaining what the Federal Reserve was and how it was supposed to operate. NOT ONE THING HE TALKED ABOUT IS WORKING TODAY. Instead, the US systematically stripped itself of all the original systems set up to fund and control the Federal Reserve!
Now, after totally blasting away all the support systems, the restrictions and the balances of the original banking system, we now have a TOTAL collapse of the ENTIRE US banking system. And what is being done to fix this mess?
The very authors who enabled and pushed for all the worst aspects of the system are now running amok, fixing the system by systematically taking over all the financial systems of the US itself. I got an alarming email from Kevin, a reader, which said that the legislation being handed over the the flaccid fish in Congress has this shocking proviso: Sec. 8. Review. Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
WHAT THE HELL WAS THAT???? Back in 2000, I was very heavily involved in the garbage that came spewing out of that failed election. I went to DC and visited most of the Senators and ordered all of them to carefully support the counting of ALL the votes no matter how long that took. Instead, the Supreme Court ruled at 12am, midnight, on 12/12/2000, a magic number day and hour, they ruled that votes were NOT to be counted because so many goofy voting systems were used.
I had my 'Uniform voting act' bill written and ready. A reporter called me from the corner phone that night to tell me excitedly that I could now sue to have uniform voting standards. But then he read the last line of the Supreme Court ruling: this ruling was UNIQUE and could NOT be used in court as precedent! I blew up and began swearing. 'THIS IS A COUP!' I yelled.
But then Gore surrendered to the coup.
Now we are in the second stage of this coup. Bush is wildly unpopular to such a degree, he had to stay away from the GOP convention. No one is following this fool. The entire economic system is collapsing and he has walked away from it a la Coolidge. Congress is equally unpopular. They, too, are abdicating control to outside forces. Just as Congress refused to curtail a very UNCONSTITUTIONAL Supreme Court ruling, we now have Congress abdicating powers of the purse to a PRIVATE banker, Bernake, and a PRIVATE Wall Streeter, Paulson. Neither man was elected by anyone in America.
In a just world, we could go to DC and simply arrest Congress and the President for vacating their offices in the time of an emergency! But then, Bush wasn't impeached for his queer behavior on 9/11. Nor his queer behavior during Katrina. Or his outright lies about Saddam Hussein.
NYT: A Professor and a Banker Bury Old Dogma on Markets
A longtime student of the Great Depression, Mr. Bernanke was acutely aware of what could happen without a decisive move. Finally, the moment that called for action arrived late Wednesday. Less than 24 hours after the Fed bailed out American International Group, the giant insurer, it was clear the turmoil gripping Wall Street was only growing worse and that ad hoc solutions were not working.
Talking into a speaker phone from his ornate office, Mr. Bernanke told Mr. Paulson that it was time to adopt a comprehensive strategy that Congress would have to approve. Mr. Paulson understood. Reluctant in recent days to send Congress a plan that lawmakers had warned had little chance of quick passage, he had worried that a rejection would only further shock the markets. But during two conference calls Wednesday night and Thursday morning, he agreed that they had no choice.
They had no choice! RIGHT! They could have called ME! I would have given both of these coup criminals an earful! They are worried about markets falling?
WELL, TOUGH TITTIES! The collapse of our entire DEMOCRACY? Isn't that important? Isn't that....damn. Time to cuss like an old mule driver. Tarnation! What the HELL were these clowns thinking? Congress isn't moving fast enough? So did these TRAITORS go to the public to push for more?
HAHAHA. No! They knew the Derivatives Beast was now visible and would eat them and their stupid, nasty, awful gnome buddies! To save these unsavory idiots who created and fed the Beast, these two committed the gravest crime against our nation: TREASON. Their unconstitutional coup is utterly illegal and wrong.
NYT:
Just like that, Mr. Bernanke, the reserved former Ivy League professor, and Mr. Paulson, the hard-charging former Wall Street deal maker, launched what would be the government’s largest economic rescue operation in modern times, one that rivals the Iraq war in cost and at the same time may redefine Washington’s role in the marketplace for years.
*snip*
The improvisational nature of their effort has turned President Bush and Congressional Democrats into virtual bystanders, sometimes uncertain about what comes next and left to wonder about the new power dynamics in the capital. Seemingly every time lawmakers tried to get a handle on what was happening and what role they might play with elections around the corner, Mr. Paulson and Mr. Bernanke would show up again on Capitol Hill for another evening meeting with another surprise development.
ARREST EVERYONE!!!!! Good grief. Just reading this makes me shake with fury. I call upon the Goddesses of the Cave of Wealth and Death to unleash their powers on these presumptuous pompous men. I am not 'wondering about the new power dynamics,' I am FURIOUS about this.
Continued>>>
http://elainemeinelsupkis.typepad.com/money_matters/2008/09/unelected-berna.html
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