It’s a Depression: How Wall Street Bankers and Oil Magnates are Destroying America. Part II.

Reposted from Nolan Chart

The present crisis is not an economic one, but the manifestation of something much more sinister. It is a direct consequence of the fact that America is a country betrayed by its ruling class.


by Servando Gonzalez
(libertarian)
Tuesday, March 3, 2009

(Click here to read the first part of this article.)

In the first part of this article I mentioned that the present crisis is not an economic one, but the manifestation of something much more sinister. It is a direct consequence of the fact that America is a country betrayed by its ruling class. Let’s explain this in detail.

Who Has Been Taken the Lion’s Share of the Economic Pie?

How can we explain that, if the economy had been growing in the last 30 years at a high rate, the personal economy of the average American was declining? The reason for this is because, though the American economic pie was growing in size, it was not distributed equitably.

So, where was the rest of the money going? Was somebody throwing it on a bottomless pit in the Arizona desert? Of course not. Somebody was taking it.

For example, by the end of the 1970s, the top of the economic pyramid, that is, 1 percent of the income earners, were getting 8 percent of U.S. national income. But, by the end of the 1970s, the same 1 percent of income earners was getting 23 percent of the whole national income. While American workers were getting very thin slices of the pie, somebody was getting the lion’s share: most of it was appropriated — if not illegally, at least unethically — by the top 1 percent of the economic pyramid

Who were the ones who were getting the lion’s share of the good years of the American economic boom? I will name just a few names:

In 1989, RJR Nabisco’s CEO F. Ross Johnson received a golden handshake of $53.8 million dollars. In 2003 former New York Stock Exchange Chairman Richard Grasso received an extra compensation package of $139 million dollars. In 2006 Henry McKinnell, former CEO of Pfizer, got a retirement package of $180 million. The same year William Fall, CEO of Fairmont Hotels, received more than $6 million in extra compensation. When Merrill Lynch’s CEO Stan O’Neil was fired in 2007 because of his poor performance, he took with him $161 million in company stocks and options. When two golden boys, Citigroup’s Chuck Prince and Lehman’s Dick Fuld suffered the same fate they received $39.9 and $35 million respectively as compensation for their poor performance.

Actually, they were treated unfair. Goldman Sack’s CEO Lloyd Blankfein grabbed $68.5 million. In the same fashion, Wall Street financier Bernie Madoff, former head of the NASDAQ tech stock exchange, put Mr. Ponzi to shame by swindling his clients out of $50 billion.

Moreover, while Americans were struggling to pay their rent, food, and the exorbitant price of gas, Exxon Mobil Corp. (mostly owned by the Rockefellers), reported early this year a profit of $45.2 billion for 2008, breaking its own record for a U.S. company. The previous record for annual profit was $40.6 billion, which Exxon reported in 2007.

These are just a few names and figures I found after a quick research on the Internet. You can do yours, and you’ll find many more examples.

Actually, I encourage you to do that: go to the Internet and do some searches. I hope you get as furious as I got, go to the window and yell with all the force of your lungs: I’m as mad as hell, and I’m not going to take this anymore!

If, after reading what I mentioned above, you think that the income gap in this country has turned into something tragic and obscene, you are right: it is tragic, obscene . . . and criminal.

When the crisis worsened last fall, Mr. W. Bush pushed the Congress to approve the $700 billion bailout plan crafted by the CFR conspirators’ secret agents Cox, Paulson and Bernanke. According to our former President (good riddance!), the only way to save the American people was by approving his bailout plan. But, just a few weeks after it was approved, we the people discovered that, far from benefiting the American people, the bailout was actually a handout to some people.

What people?

You guessed right. The same people who have been getting the lion’s share of the economic pie all these years. The people at the top of the economic pyramid: Wall Street millionaires and their buddies.

At the time it was announced, many Americans thought that Mr. Bush’s plan would be recorded as the largest transfer of taxpayers’ money to wealthy investors and bank executives in the U.S. history — Hi-tech highway robbery by the Wall Street Mafia. Unfortunately, however, they were wrong. Everything indicates that Mr. Obama’s plan will make Bush’s pale in comparison.

The solution that both Bush and Obama have proposed to end this crisis consists in pouring money to the problem. Humonguous quantities of money.

But where does this money will come from?

From the government, most people believe.

But governments are economic parasites that don’t create any wealth. Actually the only thing governments have proved to be efficient is at expending other people’s money.

Well, the money will come from our taxes, some may argue.

But, with so much unemployment and personal bankruptcies, people will be paying less and less taxes.

Actually, some “progressive” liberals may argue, Obama never intended for us, the little people, to pay more taxes. The rich will pay the taxes.

But, as recent scandals surrounding nominees for positions in the Obama administration have made evident, the rich and powerful don’t pay taxes. And they don’t pay taxes because they know that they can do it without suffering any penalty. As everybody knows, since immemorial times, the golden rule of taxes is that the ones who have the gold make the rules.

And don’t believe even for a second the notion that, as a result of our system of incremental tax, based on income levels, the rich and powerful pay 50 percent of all the taxes paid by Americans as a whole. That is just in theory. The practice is quite different.

Last year, speaking at a $4,600-a-seat fundraiser for Senator Hillary Clinton, billionaire Warren Buffett, the third-richest man in the world, criticized the U.S. tax system for allowing him to pay a lower percent than his secretary. He said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent.

And his case is not the exception, but the rule. Buffett himself recognized it when he told his audience, “The 400 of us [here, at the fundraiser] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter.”

The main reason why the tax code is several thousand pages long, and we have to fill forms and more forms instead of posting a simple postcard to paid our taxes, is because the tax code is full of loopholes the rich and powerful have created to use at their advantage to avoid paying their duties.

So, we are back to square one. If it is not from the taxes paid by the rich, where does the money will come from?

Well, the money will be provided, in the form of loans at a high interest rate, by Wall Street banks.

And, how will they get so much money?

Very easy: The Wall Street Mafia will create the money out of thin air by printing it with high quality ink in crisp sheets of paper.

An iron rule of economic science is that, the more bills are printed, the higher the inflation will rise. If you don’t agree, just go to the closest supermarket and take a look at the prices. Inflation is here, and it came to stay.

Therefore, my advice to the readers is to go to a hardware store as soon as possible and buy a good wheelbarrow. Very soon you are going to need one to carry to the supermarket the several thousand dollars you are going to need to buy a loaf of bread. I am not exaggerating. It happened in Germany before the anointed savior appeared, and it will happen here. We have an advantage, though. Our anointed savior has already appeared. He resides at the White House.
Contrary to what has been sold to us, and despite Obama’s hopeful words in his recent speech to the Congress, the CFR’s Bush-Obama “stimulus plan” will be a total failure — which is actually the secret goal of the conspirators.

Why I am so sure?

I am so sure because this plan is a carbon copy of the shock treatment plan implemented in Argentina in December 2000, which prompted the financial debacle of 2001. The International Monetary Fund and the World Bank, organizations fully controlled by the CFR conspirators, in cahoots with their corrupt government, forced it upon the Argentinean people. Like in Argentina, the very same CFR people who created the problem are now offering a solution. But, far from solving the problem, their proposed solution will increase it, until total submission to them is accepted by the American people as the only viable solution.

The truth behind this economic crisis is that it is not an economic crisis at all. It is a crisis of our political system. The economic crisis is just a smokescreen to hide the final steps of a silent revolution whose goal is destroying our form of government, as stated in the Constitution, and substituting it with the comuno-fascist system they call the New World Order, very similar to the one CFR’s secret agent Fidel Castro has successfully tested in Cuba for the last fifty years.

Despite Mr. Bernanke’s forecast that the present depression (he disingenuously keeps calling it a recession) will be over by the end of this year. But, contrary to his claims, there is no light at the end of the economic tunnel. That small light you see growing at the end is actually a freight train named New World Order coming at full speed to run over you.

Maurice Strong Vision of the World’s Future

People who honestly see this situation as an economic crisis we can solve by taking the right economic measures remind me of the guy who was trying to catch a black cat in a dark room . . . but the cat was not there. And I added the adjective “honestly,” because most of our leaders — perhaps with the exception of the most stupid or naive ones — are fully aware that this is not an economic crisis at all.

Mr. Obama is not naive, much less stupid. His economic measures cannot be explained by stupidity or ignorance, mainly because none of them are his measures, but measures suggested (or ordered) by his CFR advisers. He is just another obedient puppet dancing at the rhythm of the music — but the music and the lyrics have been composed at the Harold Pratt House in Manhattan.

If you think that I am exaggerating I will give you a piece of information that may change your opinion. It comes from an interview entitled “The Wizard of the Baca Grande,” journalist Daniel Wood made with conspirator extraordinaireMaurice Strong, at Srong’s ranch in Southern Colorado, in which the billionaire had a rare moment of candor. It appeared in May 1990 in West, a low-circulation magazine published in Alberta, Canada. According to the author of the interview:

“Strong concluded the interview with a thought provoking, apocalyptic story from a novel he says he would like to write:”

‘Each year the World Economic Forum convenes in Davos, Switzerland. Over a thousand CEOs, prime ministers, finance ministers, and leading academics gather in February to attend meetings and set the economic agendas for the year ahead.’

‘What if a small group of these word leaders were to conclude that the principle risk to the earth comes from the actions of the rich countries? And if the world is to survive, those rich countries would have to sign an agreement reducing their impact on the environment. Will they do it? Will the rich countries agree to reduce their impact on the environment? Will they agree to save the earth?’

‘The group’s conclusion is ‘no.’ The rich countries won’t do it. They won’t change. So, in order to save the planet, the group decides: isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring that about?’

‘This group of world leaders form a secret society to bring about a world collapse. It’s February. They’re all at Davos. These aren’t terrorists – they’re world leaders. They have positioned themselves in the world’s commodity and stock markets. They’ve engineered, using their access to stock exchanges, and computers, and gold supplies, a panic. Then they prevent the markets from closing. They jam the gears. They have mercenaries who hold the rest of the world leaders at Davos as hostage. The markets can’t close. The rich countries…?’

“. . . and Strong makes a slight motion with his fingers as if he were flicking a cigarette butt out of the window.” . . . ‘I probably shouldn’t be saying things like this,’ he says.”

“I sat there spellbound. This is not any story-teller talking. This is Maurice Strong. He knows these world leaders. He is, in fact, co-chairman of the Council of the World Economic Forum. He sits at the fulcrum of power. He is in a position to do it.”

The author of the article is right on the money: Strong and his powerful masters have all the power to do it. Moreover, it seems that Strong really means what he told the interviewer. Several years later he added, “If we don’t change, our species will not survive… Frankly, we may get to the point where the only way of saving the world will be for industrial civilization to collapse.” (National Review magazine, September 1, 1997)

I will give you a little more information about who Mr. Strong is, and you will agree with me that he is a powerful and dangerous man.

Enigmatic Canadian Billionaire Maurice Strong is the Deputy Secretary general of the U.N. Conference on the Human Environment. As a trusted employee of the Rockefellers and Rothschilds he has worked in their secret trusts and projects. He is also a director of the New Age Aspen Institute for Humanistic Studies.

In the mid-1980s, Strong joined the World Commission on the Environment where he helped produce the 1987 Brundtland Report widely believed to be the spark which ignited the “Green movement.” He was the organizer of the first World Conference on the Environment in 1992, and the founder and first head of the UN Environment Program. He was the secretary general and main organizer of the UNCED Earth Summit in Rio in June 1992.

But, above all, Maurice Strong is a key secret agent of the globalist conspirators. As such, he is a CFR member, and religiously attends every year the secret globalist conciliabula of the Bilderberg Group and the World Economic Forum. Living his cover, he passes as a progressive socialist and an environmentalist, but he actually is a very reactionary New World Order manipulator, an occultist, an eugenicist, and a fanatic New Ager.

As he admitted, the ultimate goal the of the conspirators is the collapse of industrial civilization, which will bring the comuno-fascist New World Order with only two social classes: the serfs and the masters.

Well, it seems that Mr. Strong finally wrote and published his novel. Actually, we are currently living it!

———————

Servando Gonzalez

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