Homeland Security is not protecting us from Arab Bogeymen. It is a tool meant to take away our rights granted under the United States Constitution. I have seen enough to realize this. I am fully awake to what the government is and has been up to and the context that has been in formulation for a long, long time.
Benjamin Franklin stated Those who would give up Essential Liberty to purchase a little Temporary Safety, deserve neither Liberty nor Safety. We have seen constant intrusion into our privacy and it is time to say enough!!!
No naked body scanners! No pat downs, when people have done nothing wrong! No touching peoples private parts! No harassing the Elderly or Children who just want to freely travel!
If these types of hyper-security measures become the norm, then our great nation is lost and has been defeated by the supposed enemies of freedom that we are supposed to be protected from.
It is time to quit flying and allow the Airlines to be taken into bankruptcy. Flying is supposed to be efficient and convenient. That has been taken away by the overzealous control freaks in the bureaucracy who have zero common sense. They and the Airline companies should be pointed to as the reasons that the airline industry gets decimated. The Airline companies have allowed their customers to be harassed and be treated with a lack of respect. Is this how a company should treat its customers? Flying is not a right, but neither is it a privilege. It is a mode of travel, which by right we are supposed to have the liberty to exercise freely.
If you choose to fly under this current system that is your option, but I would suggest that peaceful resistance to the measures taken by Homeland Security and the TSA will curtail this obtrusive and obnoxious behavior. You deserve to be treated with respect. Ride a bus, train, or drive a car. You don't have to fly. You have done nothing wrong and these measures will not bring more security or peace of mind to you. It is time to show these people that the government is the American people and not the Bureaucracy.
Johnny Edge Peaceful Resistance of TSA authorities at the San Diego California Airport
Sunday, November 14, 2010
Thursday, November 11, 2010
Innovation 2010 Event - held at CVCC on November 10, 2010
I attended this showcase of innovation yesterday and I have to say that I truly believe that it was a great event and a success. I think the keynote and the theme of the event is that Innovation and Creation is not about one person winning the lottery and coming up with a spectacularly outside of the box idea. The key to the successful implementation of a product or service is Interpersonal Networking and Collaboration.
I will dig deeper into Keynote speaker Andrew Hargadon's presentation, but the key to his message was that the tools are out there to create successes, but the Networking, Collaboration, and Cooperation are necessary elements to shape new ideas and products. Thomas Edison and Henry Ford didn't "Reinvent the Wheel," what they did was look at processes that existed in their era and they borrowed existing technologies, re-engineered and molded those existing technologies into efficient models that worked for the businesses strategies that they wanted to implement.
Former Governor Jim Hunt had a taped message about creating a New Creative Economy. Many of the ideas and subject materials that he broached are the ideas that have been related here on the Hickory Hound. He spoke about the processes that have gone forward in the community so far and how necessary they are. From his words you would think that he was speaking directly about the Future Economy Council. He also said that we should create contests and awards that reward innovation. The subject of an Economic and Science Fair has been discussed ad Nauseum here on the Hound and this Innovation 2010 event's roots were an offshoot of some of those discussions.
Economic and Science Fair discussions:
Future Economy Council Meeting #13 (3/18/2010)
Newsletter about the City Council meeting of February 16, 2010 - Public Hearings - Legislative issues
Top-Down or Bottom-Up (2/5/2010)
The State of Hickory - January 2010 (1/23/2010).
From September 17, 2009:
Mr. Leslie Boney, Associate Vice President for Economic Development Research, Policy and Planning for the University of North Carolina system spoke about the need for our area to reinvent itself. He reiterated much of the subject matter that Governor Hunt discussed and also talked about the Greater Hickory area's issues with the diaspora (Hickory's Diaspora - Bring Home the Scattered Seeds - 3/14/2010) and the "Brain Drain"- Forget about Brain Drain. How about Brain Gain!!!. He did not use that terminology per se, but that was the subject material and that also is information that has been discussed by the Future Economy Council and the Hickory Hound.
Other relevant articles:
Future Economy Council Meeting #4 (6/18/2009)
Catawba County’s Economic Stimulus Plan for 2010 – 2012 (12/8/2009)
Forget about Brain Drain. How about Brain Gain!!! (11/10/ 2009)
Fixing Hickory - The Future Economy Council presented by Terry Bledsoe, Catawba County Communications Director, Chairman - (10/23/2009)
Fixing Hickory - A Demographics and Marketing Discussion Panel - (10/13/2009)
Newsletter about the City Council meeting of October 6, 2009 - Presentation of “Education Matters”
HDR Editorial - Give young people a chance to thrive - (9/27/2009)
I will discuss all of the information laid out in this conference in detail over the next few days, please be patient it is coming, but as most of you know I juggle these efforts with many other efforts and responsibilities. I want to thank all of you who read the Hickory Hound and take an interest in our area!
For any Parties interested who would like to pursue any information on the processes of Innovation and Creativity in our community, below is a detailed list of the Individuals and companies that played a vital role in making this conference happen. As was stated, it is time to get out there and make those connections and these are some of those integral networks you should pursue. (Click on the photocopies to enlarge and from there you can use the Control+ or Control- to enlarge or shrink the image and the cursors to navigate).
I will dig deeper into Keynote speaker Andrew Hargadon's presentation, but the key to his message was that the tools are out there to create successes, but the Networking, Collaboration, and Cooperation are necessary elements to shape new ideas and products. Thomas Edison and Henry Ford didn't "Reinvent the Wheel," what they did was look at processes that existed in their era and they borrowed existing technologies, re-engineered and molded those existing technologies into efficient models that worked for the businesses strategies that they wanted to implement.
Former Governor Jim Hunt had a taped message about creating a New Creative Economy. Many of the ideas and subject materials that he broached are the ideas that have been related here on the Hickory Hound. He spoke about the processes that have gone forward in the community so far and how necessary they are. From his words you would think that he was speaking directly about the Future Economy Council. He also said that we should create contests and awards that reward innovation. The subject of an Economic and Science Fair has been discussed ad Nauseum here on the Hound and this Innovation 2010 event's roots were an offshoot of some of those discussions.
Economic and Science Fair discussions:
Future Economy Council Meeting #13 (3/18/2010)
Newsletter about the City Council meeting of February 16, 2010 - Public Hearings - Legislative issues
Top-Down or Bottom-Up (2/5/2010)
The State of Hickory - January 2010 (1/23/2010).
From September 17, 2009:
Mr. Leslie Boney, Associate Vice President for Economic Development Research, Policy and Planning for the University of North Carolina system spoke about the need for our area to reinvent itself. He reiterated much of the subject matter that Governor Hunt discussed and also talked about the Greater Hickory area's issues with the diaspora (Hickory's Diaspora - Bring Home the Scattered Seeds - 3/14/2010) and the "Brain Drain"- Forget about Brain Drain. How about Brain Gain!!!. He did not use that terminology per se, but that was the subject material and that also is information that has been discussed by the Future Economy Council and the Hickory Hound.
Other relevant articles:
Future Economy Council Meeting #4 (6/18/2009)
Catawba County’s Economic Stimulus Plan for 2010 – 2012 (12/8/2009)
Forget about Brain Drain. How about Brain Gain!!! (11/10/ 2009)
Fixing Hickory - The Future Economy Council presented by Terry Bledsoe, Catawba County Communications Director, Chairman - (10/23/2009)
Fixing Hickory - A Demographics and Marketing Discussion Panel - (10/13/2009)
Newsletter about the City Council meeting of October 6, 2009 - Presentation of “Education Matters”
HDR Editorial - Give young people a chance to thrive - (9/27/2009)
I will discuss all of the information laid out in this conference in detail over the next few days, please be patient it is coming, but as most of you know I juggle these efforts with many other efforts and responsibilities. I want to thank all of you who read the Hickory Hound and take an interest in our area!
For any Parties interested who would like to pursue any information on the processes of Innovation and Creativity in our community, below is a detailed list of the Individuals and companies that played a vital role in making this conference happen. As was stated, it is time to get out there and make those connections and these are some of those integral networks you should pursue. (Click on the photocopies to enlarge and from there you can use the Control+ or Control- to enlarge or shrink the image and the cursors to navigate).
Monday, November 8, 2010
Bringing People to the table of Governance - A presentation on Mobile Governance
Over the last few years you, who have read this blog, have been made privy to my frustrations detailing the lack of a relationship between government and the citizenry. I have expressed the anxieties I feel I have witnessed in the association between a government operating in favor of special interests and lacking forthrightness and an unengaged, ambivalent public looking for short answers and simple solutions.
Rick Smyre introduced the subject of Mobile Governance to the Future Economy Council and myself in late May and Early June of 2009. He wrote a detailed article entailing the meaning of Mobile Governance, which I introduced on the Hickory Hound at that time -THE WEAK SIGNAL OF MOBILE GOVERNANCE by Rick Smyre.
Dewey Harris, the Assistant Catawba County Manager and a member of the Future economy Council gave a thorough presentation and discussion of the progress that has taken place over this issue during the last 18 months. Dewey has worked in association with Rick and there is hope that UNC-Wilmington and other institutions will come on board to institute this process and program. Pilot Programs will be established to initially stake a flag into some key complex issues where local governments might have trouble communicating with the public and implementing important tasks and processes, because of the lack of trust that has become rooted in our current system of governance.
Here is Dewey's presentation made on November 3, 2010:
Here is a favorite quote of mine from Catawba County Chamber of Commerce President Danny Hearn espoused on June 18, 2009, which makes a statement about what the Future Economy Council is trying to achieve and its relation to the governance issue.
When people say, "who is the beneficiary?" I can't go to someone and say give me $10,000 and you will get this in return. This is not that investment. We are selling the invisible. If we continue to take this economy in the direction that we have always taken it, we aren't going to get anywhere. The Economy has totally changed. What we had prior to 2000 is gone. We have to reinvent ourselves. If we don't do that, then we are in big trouble. It is the thinking of elected officials, business, and education of changing the way we do things and that investment can't be shown. The community better embrace it and understand it.
We can't even get our local officials to read a document about Mobile Governance that Rick wrote. There are (forward thinking) investment ideas out there, that no current elected official will look at, but people who are prone to understand this and reach outside of their comfort level and try to embrace it, all of a sudden, an idea that a traditional thinker will not do, we might. Those ideas are achievable.
Rick Smyre introduced the subject of Mobile Governance to the Future Economy Council and myself in late May and Early June of 2009. He wrote a detailed article entailing the meaning of Mobile Governance, which I introduced on the Hickory Hound at that time -THE WEAK SIGNAL OF MOBILE GOVERNANCE by Rick Smyre.
Dewey Harris, the Assistant Catawba County Manager and a member of the Future economy Council gave a thorough presentation and discussion of the progress that has taken place over this issue during the last 18 months. Dewey has worked in association with Rick and there is hope that UNC-Wilmington and other institutions will come on board to institute this process and program. Pilot Programs will be established to initially stake a flag into some key complex issues where local governments might have trouble communicating with the public and implementing important tasks and processes, because of the lack of trust that has become rooted in our current system of governance.
Here is Dewey's presentation made on November 3, 2010:
Here is a favorite quote of mine from Catawba County Chamber of Commerce President Danny Hearn espoused on June 18, 2009, which makes a statement about what the Future Economy Council is trying to achieve and its relation to the governance issue.
When people say, "who is the beneficiary?" I can't go to someone and say give me $10,000 and you will get this in return. This is not that investment. We are selling the invisible. If we continue to take this economy in the direction that we have always taken it, we aren't going to get anywhere. The Economy has totally changed. What we had prior to 2000 is gone. We have to reinvent ourselves. If we don't do that, then we are in big trouble. It is the thinking of elected officials, business, and education of changing the way we do things and that investment can't be shown. The community better embrace it and understand it.
We can't even get our local officials to read a document about Mobile Governance that Rick wrote. There are (forward thinking) investment ideas out there, that no current elected official will look at, but people who are prone to understand this and reach outside of their comfort level and try to embrace it, all of a sudden, an idea that a traditional thinker will not do, we might. Those ideas are achievable.
Saturday, November 6, 2010
The Impotence of Elections by Dr. Paul Craig Roberts
Paul Craig Roberts (born April 3, 1939, in Atlanta, Georgia) is an economist and a nationally syndicated columnist. He served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics." He is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. Roberts has been a critic of both Democratic and Republican administrations.. He is a columnist and was previously an editor for the Wall Street Journal. His latest book, “How the Economy Was Lost: The War of the Worlds,” details why America is disintegrating.
Paul Craig Roberts - Infowars.com - November 3, 2010
In his historical novel, The Leopard, Giuseppe di Lampedusa writes that things have to change in order to remain the same. That is what happened in the US congressional elections on November 2.
Jobs offshoring, which began on a large scale with the collapse of the Soviet Union, has merged the Democrats and Republicans into one party with two names. The Soviet collapse changed attitudes in socialist India and communist China and opened those countries, with their large excess supplies of labor, to Western capital.
Pushed by Wall Street and Wal-Mart, American manufacturers moved production for US markets offshore to boost profits and shareholder earnings by utilizing cheap labor. The decline of the US manufacturing work force reduced the political power of unions and the ability of unions to finance the Democratic Party. The end result was to make the Democrats dependent on the same sources of financing as Republicans.
Prior to this development, the two parties, despite their similarities, represented different interests and served as a check on one another. The Democrats represented labor and focused on providing a social safety net. Social Security, Medicare, Medicaid, food stamps, unemployment insurance, housing subsidies, education, and civil rights were Democratic issues. Democrats were committed to a full employment policy and would accept some inflation to secure more employment.
The Republicans represented business. The Republicans focused on curtailing big government in all its manifestations from social welfare spending to regulation. The Republicans’ economic policy consisted of opposing federal budget deficits.
These differences resulted in political competition.
Today both parties are dependent for campaign finance on Wall Street, the military/security complex, AIPAC, the oil industry, agri-business, pharmaceuticals, and the insurance industry. Campaigns no longer consist of debates over issues. They are mud-slinging contests.
Angry voters take their anger out on incumbents, and that is what we saw in the election. Tea Party candidates defeated Republican incumbents in primaries, and Republicans defeated Democrats in the congressional elections.
Policies, however, will not change qualitatively. Quantitatively, Republicans will be more inclined to more rapidly dismantle more of the social safety net than Democrats and more inclined to finish off the remnants of civil liberties. But the powerful private oligarchs will continue to write the legislation that Congress passes and the President signs. New members of Congress will quickly discover that achieving re-election requires bending to the oligarchs’ will.
This might sound harsh and pessimistic. But look at the factual record. In his campaign for the presidency, George W. Bush criticized President Clinton’s foreign adventures and vowed to curtail America’s role as the policeman of the world. Once in office, Bush pursued the neoconservatives’ policy of US world hegemony via military means, occupation of countries, setting up puppet governments, and financial intervention in other countries’ elections.
Obama promised change. He vowed to close Guantanamo prison and to bring the troops home. Instead, he restarted the war in Afghanistan and started new wars in Pakistan and Yemen, while continuing Bush’s policy of threatening Iran and encircling Russia with military bases.
Americans out of work, out of income, out of homes and prospects, and out of hope for their children’s careers are angry. But the political system offers them no way of bringing about change. They can change the elected servants of the oligarchs, but they cannot change the policies or the oligarchs.
The American situation is dire. As a result of the high speed Internet, the loss of manufacturing jobs was followed by the loss of professional service jobs, such as software engineering, that were career ladders for American university graduates. The middle class has no prospects. Already, the American labor force and income distribution mimics that of a third world country, with income and wealth concentrated in a few hands at the top and most of the rest of the population employed in domestic services jobs. In recent years net new job creation has been concentrated in lowly paid occupations, such as waitresses and bartenders, ambulatory health care services, and retail clerks. The population and new entrants into the work force continue to grow more rapidly than job opportunities.
Turning this around would require more realization than exists among policymakers and a deeper crisis. Possibly it could be done by using taxation to encourage US corporations to manufacture domestically the goods and services that they sell in US markets. However, the global corporations and Wall Street would oppose this change.
The tax revenue loss from job losses, bank bailouts, stimulus programs, and the wars have caused a three-to-four-fold jump in the US budget deficit. The deficit is now too large to be financed by the trade surpluses of China, Japan, and OPEC. Consequently, the Federal Reserve is making massive purchases of Treasury and other debt. The continuation of these purchases threatens the dollar’s value and its role as reserve currency. If the dollar is perceived as losing that role, flight from dollars will devastate the remnants of Americans’ retirement incomes and the ability of the US government to finance itself.
Yet, the destructive policies continue. There is no re-regulation of the financial industry, because the financial industry will not allow it. The unaffordable wars continue, because they serve the profits of the military/security complex and promote military officers into higher ranks with more retirement pay. Elements within the government want to send US troops into Pakistan and into Yemen. War with Iran is still on the table. And China is being demonized as the cause of US economic difficulties.
Whistleblowers and critics are being suppressed. Military personnel who leak evidence of military crimes are arrested. Congressmen call for their execution. Wikileaks’ founder is in hiding, and neoconservatives write articles calling for his elimination by CIA assassination teams. Media outlets that report the leaks apparently have been threatened by Pentagon chief Robert Gates. According to Antiwar.com , on July 29 Gates “insisted that he would not rule out targeting Wikileaks founder Julian Assange or any of the myriad media outlets which reported on the leaks.” (Gates Won’t Rule Out Targeting Assange, Media in Leak Investigation - AntiWar.com - Jason Ditz, July 29, 2010)
The control of the oligarchs extends to the media. The Clinton administration permitted a small number of mega-corporations to concentrate the US media in a few hands. Corporate advertising executives, not journalists, control the new American media, and the value of the mega-companies depends on government broadcast licenses. The media’s interest is now united with that of the government and the oligarchs.
On top of all the other factors that have made American elections meaningless, voters cannot even get correct information from the media about the problems that they and the country face.
As the economic situation is likely to continue deteriorating, the anger will grow. But the oligarchs will direct the anger away from themselves and toward the vulnerable elements of the domestic population and “foreign enemies.”
Paul Craig Roberts - Infowars.com - November 3, 2010
In his historical novel, The Leopard, Giuseppe di Lampedusa writes that things have to change in order to remain the same. That is what happened in the US congressional elections on November 2.
Jobs offshoring, which began on a large scale with the collapse of the Soviet Union, has merged the Democrats and Republicans into one party with two names. The Soviet collapse changed attitudes in socialist India and communist China and opened those countries, with their large excess supplies of labor, to Western capital.
Pushed by Wall Street and Wal-Mart, American manufacturers moved production for US markets offshore to boost profits and shareholder earnings by utilizing cheap labor. The decline of the US manufacturing work force reduced the political power of unions and the ability of unions to finance the Democratic Party. The end result was to make the Democrats dependent on the same sources of financing as Republicans.
Prior to this development, the two parties, despite their similarities, represented different interests and served as a check on one another. The Democrats represented labor and focused on providing a social safety net. Social Security, Medicare, Medicaid, food stamps, unemployment insurance, housing subsidies, education, and civil rights were Democratic issues. Democrats were committed to a full employment policy and would accept some inflation to secure more employment.
The Republicans represented business. The Republicans focused on curtailing big government in all its manifestations from social welfare spending to regulation. The Republicans’ economic policy consisted of opposing federal budget deficits.
These differences resulted in political competition.
Today both parties are dependent for campaign finance on Wall Street, the military/security complex, AIPAC, the oil industry, agri-business, pharmaceuticals, and the insurance industry. Campaigns no longer consist of debates over issues. They are mud-slinging contests.
Angry voters take their anger out on incumbents, and that is what we saw in the election. Tea Party candidates defeated Republican incumbents in primaries, and Republicans defeated Democrats in the congressional elections.
Policies, however, will not change qualitatively. Quantitatively, Republicans will be more inclined to more rapidly dismantle more of the social safety net than Democrats and more inclined to finish off the remnants of civil liberties. But the powerful private oligarchs will continue to write the legislation that Congress passes and the President signs. New members of Congress will quickly discover that achieving re-election requires bending to the oligarchs’ will.
This might sound harsh and pessimistic. But look at the factual record. In his campaign for the presidency, George W. Bush criticized President Clinton’s foreign adventures and vowed to curtail America’s role as the policeman of the world. Once in office, Bush pursued the neoconservatives’ policy of US world hegemony via military means, occupation of countries, setting up puppet governments, and financial intervention in other countries’ elections.
Obama promised change. He vowed to close Guantanamo prison and to bring the troops home. Instead, he restarted the war in Afghanistan and started new wars in Pakistan and Yemen, while continuing Bush’s policy of threatening Iran and encircling Russia with military bases.
Americans out of work, out of income, out of homes and prospects, and out of hope for their children’s careers are angry. But the political system offers them no way of bringing about change. They can change the elected servants of the oligarchs, but they cannot change the policies or the oligarchs.
The American situation is dire. As a result of the high speed Internet, the loss of manufacturing jobs was followed by the loss of professional service jobs, such as software engineering, that were career ladders for American university graduates. The middle class has no prospects. Already, the American labor force and income distribution mimics that of a third world country, with income and wealth concentrated in a few hands at the top and most of the rest of the population employed in domestic services jobs. In recent years net new job creation has been concentrated in lowly paid occupations, such as waitresses and bartenders, ambulatory health care services, and retail clerks. The population and new entrants into the work force continue to grow more rapidly than job opportunities.
Turning this around would require more realization than exists among policymakers and a deeper crisis. Possibly it could be done by using taxation to encourage US corporations to manufacture domestically the goods and services that they sell in US markets. However, the global corporations and Wall Street would oppose this change.
The tax revenue loss from job losses, bank bailouts, stimulus programs, and the wars have caused a three-to-four-fold jump in the US budget deficit. The deficit is now too large to be financed by the trade surpluses of China, Japan, and OPEC. Consequently, the Federal Reserve is making massive purchases of Treasury and other debt. The continuation of these purchases threatens the dollar’s value and its role as reserve currency. If the dollar is perceived as losing that role, flight from dollars will devastate the remnants of Americans’ retirement incomes and the ability of the US government to finance itself.
Yet, the destructive policies continue. There is no re-regulation of the financial industry, because the financial industry will not allow it. The unaffordable wars continue, because they serve the profits of the military/security complex and promote military officers into higher ranks with more retirement pay. Elements within the government want to send US troops into Pakistan and into Yemen. War with Iran is still on the table. And China is being demonized as the cause of US economic difficulties.
Whistleblowers and critics are being suppressed. Military personnel who leak evidence of military crimes are arrested. Congressmen call for their execution. Wikileaks’ founder is in hiding, and neoconservatives write articles calling for his elimination by CIA assassination teams. Media outlets that report the leaks apparently have been threatened by Pentagon chief Robert Gates. According to Antiwar.com , on July 29 Gates “insisted that he would not rule out targeting Wikileaks founder Julian Assange or any of the myriad media outlets which reported on the leaks.” (Gates Won’t Rule Out Targeting Assange, Media in Leak Investigation - AntiWar.com - Jason Ditz, July 29, 2010)
The control of the oligarchs extends to the media. The Clinton administration permitted a small number of mega-corporations to concentrate the US media in a few hands. Corporate advertising executives, not journalists, control the new American media, and the value of the mega-companies depends on government broadcast licenses. The media’s interest is now united with that of the government and the oligarchs.
On top of all the other factors that have made American elections meaningless, voters cannot even get correct information from the media about the problems that they and the country face.
As the economic situation is likely to continue deteriorating, the anger will grow. But the oligarchs will direct the anger away from themselves and toward the vulnerable elements of the domestic population and “foreign enemies.”
Thursday, November 4, 2010
Fighting the Corporatocracy and the Tapeworm Economy
Gold sits tonight at $1,389.80 and Silver sits at $26.58. Both have seen drastic rises during the day as a result of the Federal Reserve's overt action to create liquidity to further prop up the Megabanks, both domestic and foreign. The Fed is going to buy $500+ billion in U.S. Treasury Bonds (Federal Reserve to print billions of dollars in massive shadow stimulus - By Agence France-Presse - Tuesday, November 2nd, 2010). This is nothing other than monetizing the debt (Currency Devaluation). Rampant inflation is on the way in staple commodities (Food and Energy)-- worse than we have already seen. The economic system is failing and the World Central Banks and Governments are only making the issues we face a lot worse. We need to face our Economic difficulties head on and the Federal Reserve is simply trying to paper these issues (Derivatives and Mortgage Backed Securities) over. This will not reopen the credit markets or add jobs. It also won't help individuals deal with their own personal credit crunches. As a matter of fact it is going to make all of that much, much worse.
Former Assistant Secretary of Housing under George H.W. Bush Catherine Austin Fitts blows the whistle on how the financial terrorists have deliberately imploded the US economy and transferred gargantuan amounts of wealth offshore as a means of sacrificing the American middle class. Fitts documents how trillions of dollars went missing from government coffers in the 90's and how she was personally targeted for exposing the fraud.
Fitts explains how every dollar of debt issued to service every war, building project, and government program since the American Revolution up to around 2 years ago - around $12 trillion - has been doubled again in just the last 18 months alone with the bank bailouts. "We're literally witnessing the leveraged buyout of a country and that's why I call it a financial coup d'état, and that's what the bailout is for," states Fitts.
Massive amounts of financial capital have been sucked out the United States and moved abroad, explains Fitts, ensuring that corporations have become more powerful than governments, changing the very structure of governance on the planet and ensuring we are ruled by private corporations. Pension and social security funds have also been stolen and moved offshore, leading to the end of fiscal responsibility and sovereignty as we know it.
The Race to the Bottom - April 29, 2010
Former Assistant Secretary of Housing under George H.W. Bush Catherine Austin Fitts blows the whistle on how the financial terrorists have deliberately imploded the US economy and transferred gargantuan amounts of wealth offshore as a means of sacrificing the American middle class. Fitts documents how trillions of dollars went missing from government coffers in the 90's and how she was personally targeted for exposing the fraud.
Fitts explains how every dollar of debt issued to service every war, building project, and government program since the American Revolution up to around 2 years ago - around $12 trillion - has been doubled again in just the last 18 months alone with the bank bailouts. "We're literally witnessing the leveraged buyout of a country and that's why I call it a financial coup d'état, and that's what the bailout is for," states Fitts.
Massive amounts of financial capital have been sucked out the United States and moved abroad, explains Fitts, ensuring that corporations have become more powerful than governments, changing the very structure of governance on the planet and ensuring we are ruled by private corporations. Pension and social security funds have also been stolen and moved offshore, leading to the end of fiscal responsibility and sovereignty as we know it.
The Race to the Bottom - April 29, 2010
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