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America’s Impending Master Class Dictatorship…Brilliant summary of the USA today

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  • Sun, Jan 24, 2010 - 06:45pm

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    America’s Impending Master Class Dictatorship…Brilliant summary of the USA today

Stewart Dougherty has brought it all together in one of the most exceptional commentarys I have seen to date.

A few snippets here but the entire artical is a MUST READ.

“Putting Fiscal Year 2009’s $9,000,000,000,000.00 ($9 trillion) deficit another way, 17% of America’s private wealth, accumulated over a period of 235 years, was wiped out by just one year’s worth of government deficit spending insanity…”

Recent American events paint an ominous picture of a Master Class that is now in total control.

When 90% of the American people vehemently rejected the $700,000,000,000.00 ($700 billion) TARP bailout plan, the Master Class put it on a fast track and approved it anyway.

When a clear majority of the American people said no to a government takeover of Chrysler and GM, the Master Class poured billions of taxpayer dollars into those corporate sinkholes and took them over anyway.

When the people said no to multi-trillion dollar crony bailouts for the bankers and insurers whose corruption had caused global financial mayhem, the government pledged to those elite insiders more than $13,000,000,000,000.00 ($13 trillion) of the people’s money anyway.

When the people expressed astonishment and anger that Wall Street planned to pay itself record 2009 bonuses, in the midst of America’s worst-ever fiscal and financial crisis caused by them, Wall Street stuffed its pockets with taxpayer-supported bonus money anyway.

When the people said no to a proposed $40,000,000,000.00 ($40 billion) bailout of AIG and its elite trading partners such as Goldman Sachs (an amount that subsequently exploded to $180,000,000,000.00+ ($180+ billion)), the Master Class went underground, covertly misappropriated taxpayer money and made the payoffs anyway.

When Fannie Mae and Freddie Mac were nationalized at enormous taxpayer expense, the government approved $6,000,000.00 individual pay packages in 2009 (150 times the average American wage) for the CEOs of both failed companies anyway.

When a clear majority of the people said no to nationalized health care, even after being bombarded by a multi-million dollar, lie-drenched propaganda campaign designed to bamboozle them, the House and Senate passed nationalized health care bills anyway.

When more than seven million American workers lost their jobs and were subsisting on unemployment benefits and food stamps, federal government employees, who now earn DOUBLE what private sector workers earn, were given another round of pay and benefits increases anyway.

When private sector workers’ 401Ks and IRA retirement plans plummeted in value due to economic collapse and endemic Wall Street-orchestrated market corruption (including systemic front running, flash trading, naked short selling and other manipulations), government “defined benefit,” lifetime-cost-of-living-adjusted pension plans, despite already being underfunded by $2,000,000,000,000.00 ($2 trillion), were made richer than ever anyway.

The long, shameful litany of events signaling the total divorce between the Master Class and the people of the United States doesn’t stop there. It goes on and on.

The message from the American Master Class to the American people is simple and clear:

We Defy You.”….more

http://www.financialsense.com/fsu/editorials/2010/0122.html

  • Sun, Jan 24, 2010 - 08:47pm

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    Re: America’s Impending Master Class …

Damn good read.  Thanks, LLD.

  • Sun, Jan 24, 2010 - 10:21pm

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    Re: America’s Impending Master Class …

Nice. Thank you. Just a note though, if you go around saying these things people start to avoid you….er.. believe me, I speak from experience.

  • Sun, Jan 24, 2010 - 11:44pm

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    Re: America’s Impending Master Class …

A great read for sure!  I would add, however, that I would like to see citations for where the numbers (“clear majority”, “most”, etc.) came from.  Along those lines, I did find some interesting poll numbers on health care here:

http://abcnews.go.com/sections/living/US/healthcare031020_poll.html

Polls are often bunk, of course…but again, at least having sources cited allows me to decide for myself.

SAM:  Too true. Having these types of opinions can definitely make people uncomfortable.  Or, very emotionally combative…either way, they don’t really want to be around you!

Take care,

-Brandon

  • Mon, Jan 25, 2010 - 12:19am

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    Re: America’s Impending Master Class …

What I can’t comprehend is, if it is true that “When a clear majority of the American people said no”, why is there no revolution yet…?

Mike

  • Mon, Jan 25, 2010 - 12:47am

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    Re: America’s Impending Master Class …

WOW! I just read this yesterday. 

It’s from a KITCO columnist. Which is what shocked the Bejesus out of my fiancee and I. A KITCO columnist. 

Financial sense picked it up? Cool. Glad to see that it’s getting exposure. 

  • Mon, Jan 25, 2010 - 02:12am

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    Re: America’s Impending Master Class …

This was what Massachussets was about.  Not just healthcare.  Actually people are not turning away from me anymore when I start my corporate/bank oligarchy talks.  Matrix, i am hopeful that the revolution will be peaceful at the ballot box.  The over reach is so blatant it can’t be missed and the dollar is toast.

  • Mon, Jan 25, 2010 - 02:41am

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    Re: America’s Impending Master Class …

Sorry I have been out of touch.

Just what exactly are we having a problem with?

V

  • Mon, Jan 25, 2010 - 05:50am

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    Re: America’s Impending Master Class …

[quote=Damnthematrix]

What I can’t comprehend is, if it is true that “When a clear majority of the American people said no”, why is there no revolution yet…?

Mike

[/quote]

DTM,

IMHO it is because the generations that range in age from 20 to 40 are way too busy with video games and media. Few are  thinking for themselves. The older ones believe that America will simply carry on business as usual after we get over this blip in the road…….after all…..it always has.

Americans alive today have simply grown lazy consuming 25% of the worlds energy and assuming it will always be that way. Change is good and it is coming. A few of us are trying to get the word out and create a community of like minded folks. We’ll see how we do.  At some point we could see revolution but spoiled people usually just throw tantrums and lack the wherewithall to actually create revolution.

Personally I would like to see a quiet revolution involving non patronage of international corporations followed but a debt revolt as you have mentioned in the past.

PS I liked the photos of your new kids you posted last fall. I have eight new ones myself but have not started any milking chores as yet.

Cheers

Coop

  • Mon, Jan 25, 2010 - 09:23am

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    Re: America’s Impending Master Class …

[quote=ckessel]

[quote=Damnthematrix]

What I can’t comprehend is, if it is true that “When a clear majority of the American people said no”, why is there no revolution yet…?

[/quote]

DTM,

IMHO it is because the generations that range in age from 20 to 40 are way too busy with video games and media. Few are  thinking for themselves.

[/quote]

Hey, we’re getting to the revolution!  It’s just that there’s a couple of difficult levels in Halo 3 that we need to finish first Laughing

Seriously though, it’s not that simple (I wish it was).  Sure there’s a lot of us distracted and stuck in our own little world, but no more so than older generations… it’s simply that the types of distractions are a little different. Think of the groundswell of support that Obama got from younger voters on a promise of real change and fixing the system.  Now one can sure make an argument that those who did were suckered big time (my assessment anyway), but regardless it shows there is motivation and drive there.  The same could be said of Ron Paul’s large support among young voters. 

From my own perspective, I’d say a big problem is that Gen X and Gen Y have minimal wealth and influence compared to the older generations.  This should be normal to some extent, but it seems far more extreme than it really should be.  Perhaps the growing concentration of wealth has a lot to do with it; most of the money is likely accumulating in the hands of older generations who already worked their way into positions that influence Wall Street and the government.  How many of us in the 20-40 range are the politicians, business owners, CEO’s, or local leaders that have a say in how things are done?  I’m in my 30’s myself and have a respectable job and income (for now…), yet still that doesn’t seem to count for much.  Most often the message I get boils down to polite (or occasionally mocking) dismissal on grounds of age and experience.  Some people do acquire a lot of wisdom with age; others, however, seem to have not been paying enough attention throughout life and try to dazzle and bluff with BS instead Wink

Personally I worry less about younger generations not paying attention and more about disenfranchisement leading us into either giving up and developing nihilistic or hedonistic behaviors, or resorting to violent and/or criminal acts towards the ones they perceive to be in charge of the world around them.  I’m hoping there will be enough positive examples to show a better path in the days to come, because if we get the other outcome I’m sure that would be used to fuel the fire of generational and class warfare.

– Nickbert

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