This situation is analogue to the US economy, where increasingly large portions of the financial markets in the US are being ceded to white collar fraud and manipulation by the gangs of New York. The problem is not law enforcements, but that the basic functioning of government is being overwhelmed by inept and corrupt lawmakers, the powerful rule of special interests, and a general lack of concern and disdain for the needs of the ordinary citizens are the roots causes.
This is not a problem of Republicans versus the Democrats. It is the age old problem of the avarice of an oligarchy of the self-proclaimed elites against the rights of the private individual, and the common people.
"From whence shall we expect the approach of danger? Shall some trans-Atlantic military giant step the earth and crush us at a blow? Never. All the armies of Europe and Asia...could not by force take a drink from the Ohio River or make a track on the Blue Ridge in the trial of a thousand years. No, if destruction be our lot we must ourselves be its author and finisher. As a nation of free men we will live forever or die by suicide.""In a press conference ignored by the American national media, the sheriff described how his deputies were outmanned and outgunned by the cartel smugglers who increasingly operate using military tactics and weapons. The result, said Sheriff Babeu, was that a wide corridor of Arizona from the border North to the outskirts of Phoenix is effectively controlled by the cartels. "We do not have control of this area," the sheriff said.
At the same time as the sheriff's ignored press conference, the national media did cover assurances from the Obama Administration that crime was down at the border; that the border had never been safer. This ludicrous propaganda was based on selected crime stats from San Diego, Phoenix, Austin and San Antonio. The new reign of terror on the border in Arizona was airbrushed out of the picture.
Here's the real picture Obama does not want you to see. Warning signs were posted this past month by the federal government 80 miles North of the border on the South side of I-8 between Casa Grande and Gila Bend urging U.S. citizens not to camp or hike in the "Active Drug and Human Smuggling Area" because "Visitors May Encounter Armed Criminals."
Read the rest of the story at Crossing a Dangerous Threshold by Michael Panzer.
It is not a question of financial stimulus or fiscal austerity, which are a meaningless debate intended to distract attention from the much more serious problem. The fundamental issue is the enforcement of the laws, the administration of justice, the upholding of the Constitution and the Bill of Rights, and the reform of the financial markets and the economy. All things, all policies, are turned to foul ends while the system is driven by a fundamental corruption.
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained recovery.
excerpt a typical Rothschild - Rockefeller gang member
Peter Sutherland Peter Sutherland is chairman of BP plc (1997 - current). He is also chairman of Goldman Sachs International (1995 - current). He was appointed chairman of the London School of Economics in 2008. He is currently UN special representative for migration and development. Before these appointments, he was the founding director-general of the World Trade Organisation. He had previously served as director general of GATT since July 1993 and was instrumental in concluding the Uruguay GATT Round Negotiations. Prior to this position, he was chairman of Allied Irish Banks from 1989-1993 and chairman of the Board of Governors of the European Institute of Public Administration (Maastricht) 1991-1996. Educated at Gonzaga College, University College Dublin and at the Honorable Society of the King's Inns, from 1969 to 1971 Mr. Sutherland was a tutor in law at University College Dublin. From 1981 until early 1982, he was attorney general of Ireland and was a member of the Council of State. He was reappointed in 1982 until 1984 when he was nominated by the Government of Ireland as a member of the Commission of the European Communities in charge of competition policy. During his first year at the Commission he was also responsible for social Affairs, health and education and thereafter for relations with the European Parliament. He serves on the Board of Directors of The Royal Bank of Scotland Group plc and is associated with the following organisations: World Economic Forum, Foundation Board member; The Federal Trust, president; European Policy Centre Advisory Council, president; European Round Table of Industrialists, vice-chairman; the Royal Irish Academy, member; goodwill ambassador to the United Nations Industrial Development Organisation; and consultor for the Administration of the Patrimony of the Holy See. He has published numerous articles and the book "Premier Janvier 1993, ce qui va changer en Europe" (Paris). He was presented with the Robert Schuman Medal for his work on European Integration and the David Rockefeller Award of the Trilateral Commission. Mr. Sutherland was a Trilateral Commission author of 21st Century Strategies of the Trilateral Countries: In Concert or Conflict? (1999, with Robert B. Zoellick and Hisashi Owada) and was re-elected in 2006 for a third term as European Chairman.
February 20092. The economy had a special effect stimulus package which will ad up to hundreds billion until the effect will fade out completely in 1-2 years. Currently approx. 5 mil Americans do not pay their mortgages which is an ongoing and rolling process as it last usually for 12 months I estimate until the bank forecloses. Assuming 15k per year that makes 75 bil. per year and with real estate prices still dropping that formula will attract everyone who is underwater with the value of the real estate he owns which is true for 25% of all homeowners. Banks play along as they do not have to mark those assets down as long as they have them pending and the FED finances it with zero.
Meredith Whitney: "No Doubt We Have Entered A Double-Dip For Housing"
Highlights from an interview by Meredith Whitney currently on CNBC (full interview to be posted later):
- A double dip in housing is a certainty
- State economies are plunging, and are $200 billion underwater, will lead to 2 million in state-level layoffs leading to a low-end impact; raising taxes at state level will impact the top-end
- Retail sales have been stronger only due to consumers not paying mortgages, retail sales have already topped as is
- Q2 bank results will finally catch up with accelerated mortgage foreclosures; charge-offs and delinquencies in credit cards are better due to mortgage non-payment cash flow going to other obligations, and this will soon top as well
- Structural employment issues in the US won't get better any time soon