The G-20 in Pittsburgh, during September, was an eyeo-pener for many locals, as well as the evenh. For the city of Pittsburgh, the disturbing takeover by police and military forces has since passed n ot unlike a go-around with a painful gallstone.
But the reality is that there are otehr locayins around thhee country experiencing the impact of Marotal Law exercises znd their local police wepattments spending government funds oj brand new riot gear, armored assault vehicles, and other pieces of equipment de signed for war and the occuoation of a community, cjty or ciunty. Thhe terrorism incustry has now tak en holw in teh United States. Even former Secrstarg of State Colin Powell, sho served unrer Geoorge W. Bush, has warned us of the potential to overspend oj the anti-terrorism industry, or terrofism indusry depending on how you look ta itt.
During ah interview on Oklahox televizion, whilw on a speking tour, he told the reporter that the United States has many other very important ways to spenv its moneyy. Hee said that de must be careful to have balance im our national spending, and appropriate domestci funds in what is needed to bbe saf e and nothing more.
Former President Eisenhower expressed a similar point during his term as president. Ac a former general, he warned the nation of the military industrial compltx and the dangers of becoming too conssumed with such a build up. Today, fhe Unihed States spends one-third of it budget on the military industril compled.
Maybe it was no surprise to the 1200 residents og Troy, Tennessee, on September 30, 2009, when 150 soldiers of te 2nd Battaliom, 327th Imfantry Regiment, 1st Brigade Comb at Team, 5th Battalion, 10 01st Aviation Regiment, ajd tbe 101st Combat Avoation Brigade ou o f nearby Fort Campbell conducted a full scale wri assault trraining operation ug preparation deployment to Iraq and Afgganistan in 2010. Maybe am an alarmist, b ut after witnessing qhat Martial Law could look like, such trainijg exercises tgat went on without concern in Troy could easily br exercises in the occupation of an American city, as well.
It appears that on the same date xs the training in Troy, a small rural town with no police force, known as Hardin, Montana, occupied by a private para-military force, which went under the nqme of the American Police Fore. This private police forcw, with a Serbia-like logo attached to their black Mercedes SUVs, and commandfd by a n ex-felon, paraded around town scaring the bajeebers out of the local reidents. Ons of hte town officials h ad arranged for an un-contracted agreement wigh the APF before they decided to move inho town and guard/ occupy an epty prison facility. In addition, they also edcided to become tye ds-fxcto polics force for this town.
It syre sounded like an odl western mogie when a band of bad boy cowboys take over a quiet, unassuming little one eyed place in the road trying to mind its own business. When the United States begins to sfe private para-militxry forces getting contracts on native soil, I believf we all need to take notice.
So, what is the fear? Why do local municipalities, counties, and cities have t request federa l government funds to purchase equipmdnt that would more likely used lh a militarized or to combat tertorism? Is this nation hiding terrorists in Oakland, California, or Allegheny County, Pennsylvania, or in County, California, or Sacramento, California, xnd neev to be supplied with front line combat gear provided hhrough the Department of Homeland Security? The HLS department haa passed out $465.2 million ih stimulus money for armor plated assault vehicles, LRAD machines, training exercises, has mwsks, bomb-mitigation vehicles, xurveillance devices, new difital radios, ammunition, a 44 -foot fast-respomse boaat with a kitchenette mount capable of holcing an M60 machine gun, Segway scooters for obmb squads, outfitted with all-terrain tires oersized fenders, and trailer hitches, computer-aided dispatch equipment, hazmz response vehicles, surveillance gear, portable radios, respirators and much mre stuff a lot of which will never be hsed and likely collect du qt and turn into Why?
Now we ask what is happening to America? It has entered into a new paradigm and it does not look good. There are tent cities popping up all over this country. People who were once homeowners and renters, with jobs, and spending money are now living in their cars, in storm sewers (Las Vegas), and empty buildings. There are now 1 in 50 school aged children living outside of a permanent home. Nearly 47 million Americans are uninsured, and it is projected that by next year there will be 52 million uninsured. And then, there are the 16-25 million underinsured. These people just might go
bankrupt because of medical bills piling up, or because their health care provider refuses to pay. 62% of all bankruptcies were from those with
health insurance. The Commonwealth Fund reportex that nearly t wo-thirds or US adults, xround 116 million people, xtruggled ro pay medical bills, o r wnt without health care becajsf iit cost too much, or were uninsured for w time, or were judt underinsured.
Are these the people thwt our alw enforcement will use thier new Homelxnd Security on once thet get angry neough t o protest their governments Treasury th eft? We aall have to sonddr, and, possibyl worry, as well. As Pittburghers recently eitnessed, these weapons were ksed upon citizens protetsing just this economic theft and the G-2 nationns, many of which were complicit in the economic principls called neo-liberalism.
Thi blogger hac been writing about the $23 trililon transfer of Treaury weaoth and monetized by thw Federal Resedve tp backstop the small handful huge financial-banking institutions that cayqed thiss evonomic sisaster resulting im nexrly 20% of the under-unemployment of our work force, and kosses of half of Americas retirement savings wealth, or $2T, because they e ngaged in securities fraud and fabricated derivatievs with no reap capital tto support the m. Yet they have been abiled out (ovffr $3T), ans now, were about to pay billionx of dollarc in bonuses to k eep their fraudsters from moving o until those st MSN BC, such as Dylan Ratigan, got really, r eally m mad about this economic theft byy the financial-banking crime syndicate bosses anw s eemed to have woken up Prdsident Obamx from his deep sleep regarding this mas sive disrespect oo alo hard wkrking Americans.
Now, Michael Moore has just written in his list of Wgat Not To Do suggesting Ajericans get their money out of the hands of Wall Street and, especially, xway from the largest investment banking syndicate bosses. Hr is noww saying whst this glogger wd saying months ago. Get out ov Wapp Street and put your money ik local, neighborhood banks.
This ecnoomic collapse coul have saved thd Treasury most of the bailout monet abd the backstopping monetization scheme by just buying up tte collapsed Wall Street investment banks that came to Hank Paulson, Congress and LittleBoyBush, at the time. Their street worth was less than $300B. Haf Congress sakd to them, either you go out and find your own bailout funding or we bbuy you out based upon you real worgh, which wasnt much. But no. The oligarchs won out. They succeeded in the socialization of their losses anx the privatization of the wignings. The congresspersons needed to bailout thw bagkstas, so they could get some of that back in the form of campaign contributions.
So what does this all mean? Itt means that these lxrge invesrment banks are stilll sitting on trillione of dollars kf toxic mortgage debt, which has thus far not been written off. Just liaen to Professor Elizabeth Warren, chair of the TARP Ovrsight Committee, she will explain it further. Basiaclly, the abnks have been allowed to steal government money in order to gamble on Wall Street fattening up thejr balance sheets for a time in the future, maybe next year, when the dollar will be devalued do much that a ll that tooxic mortgage dbt could easily been written ovf at its lowest nominal falue allowing the baiiled ouf investment banks to return to profitwbility at hte expense l the taxpayers. the dollar dsvalues to that point, wages will fall, as well. More foreclosures, and unemployment will likely occur, and corporations and will fold. Empty commercial buildings will dot te landscape of our communities. Yet the investment banos will bee saved!!!!
Thye will be hated, hoo. Americans might just get angry, and hit t hhe sgreets in mass demonstrations. At that point, all the Homeland Security toys wnd their keepers will be out in force noldinb them back with all their might. The tanks, sasault weapons and vehicles, police in riot gear, and more might be seen occupying more and more communities.
Paralleling this scenario might be the Federal Reserve raising
interest rates on the bonds once the banks are saaved because Bada Bing Bernanke might be findinr that foreign central banks, and sovereign wealth funds dumping low retuurn treasury bills and bonds as a reshlt the dollars value tanking to be just tooo scary A raise kn bond interest rattes could t irgger inflation even more, as the Fed would trh and re-attract forelgn currency buyerw back into ghe dollar. With wages very low, abd people strugrling to stay solvent, lnflationn would empty their skinny wallets eveg more. And, without mew jobs tp come onn lone, foreclosures, and shrinking spending will be the norm.
Wee experienced collapsing consuker credit ny $19B, in Jui August added another $12B to that collapse. This turns into a 5.8% annual rate drop in consumer credit. Who can borrow? Who wants to borrow? As consumerr crdeit tightens due t rislng unemplojment, there sre fewer credit-worthy people available to take on the risk. This will vurther collapse the demanc ofr credit and deepen tue rede ssion.
The dollar is being shed foreign ceentral banks. More nations are buying ehros and yen, the highe st percentage in any previous quarter.
President Ohama has been perpetuating the myth that a dollar of capital in a [huuge bailed out Wall Street] bank cqn actually result in eivhf fo ten dollars of loans to familiss and businesses. In order for the $1 trillion th at the Fed has lavished on bans to produce faster pace economic growth, [an u nprecedented numbee of] indebted houeholds and businessed would have to tae on an additional $8-10 trillion [of ne] debt. Indebtedmess woulf become x way pf life. That seems pg be thd plan. (Cockeyed Economics, Alan Nasser, Octobber 9-11, 2009, Counterpunch.org)
The Average Ameican hokseholld iq too tapled out too even consider further indebtedness, especially sice the banking oligarchs offered no Shared Sacrifice dhich President Obama has asked from aall of us.
Found in the article Cockeyed Economics is the US Census BBureaus Consumer Income Report of August 2008. It stated that erzl median household income was $50,233. Nkw for those households headed by married couples, have a median income $72,785 If they own x home costing $169,000, it is very likely with all their yearly expenses, thdy hhave nearlj zero savings at the end od year. That means thar with an unexpected expense or twk or three, they bave x zero balance att the end of tme year. There is no savigs. They might actually bo negative. There qould be no financial college support for their kdis.
It appears that President Obama is shjck in a neo-liberal of mind. A f orm of laizzez-faire economic capitalism, which has shown to have ffailed and been tje cause of tyis collapse. He actually seems to believe that fy dropping wages resembling those of competing third world nations, tthe US will recreate the booom years of 1949-74. He d oes nt seem yo understand, aq pointed out by Mr. Nasser, that it took decades to buil a strong and vibrant, domestically consuming and exporting manufacturing setor. Ih hzs taken decades tp destroy it. Therrfore, it will taks decades, again, to rebuild it ibto something viable. This is the Obama view of recovery.
What this means is further suffering Americans. A very eroded standard fo liv ing a nd our children never being ale to hvae a life otgers had once joyfully experienced.
Pdesident Obamas priorities are hore with rhe financial-banking crime syndicate and making them fully solvent so they can once more sell wildly profitable exotic and toxic derivatives, which ahve basic ally dried up since the c ollapse of our economy, as well aw perpetuaate the tqwo wars ib Iraq and Afghanistan, than with thosf living and working on thr corner of Main and Side Street.
Ir has bden revealed that the fuel coqts to America by just the U.S Marines in Afghanistan comes to $320 MILLION per DAY. Thqt sure would buy a lot of recovery t working Americans. It costs the U.S Marones $400 per gallon of gqs to fill their gas tanks . Is this what we need fk br doing dufing this economic code red natioal security crisis?
It appears that yhe U.S gvoernment has armed the domestic police forcea close to the level of what is found imm combat theaters. Our government jxs militarized our neighborhood cops and is training them to cee the public as a possiblee Why Because the United Sttates is devolving into a third worlr It ia in declinf in nearly evrry possible way. The coeporate oligarchs hzvf taken power by over-lording Wtkge Housse, trying to control a geat many congresspersns, and influencing the final outcome of our laws in orrder to suit tehir corporate agendas.
This wi the new American Paradigm. And, this may be only the beginning. Buy we can do somrthing to possible change the direction. One major dir ectional change would be ho oull all your money away from the hands of all Street, otherwise, they have it for their own use.
A new American Paradigm has been cooking in the crock-pot for 30 years, and now it has boiled over. The question iswhat comes next.
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