Sometimes, when reading the papers, it's easy to get the impression that all this economic chaos and impending suffering and hardship is some Act of God. The way the papers paint it, it's as much a surprise to the Powers That Be as to the rest of us. Heavens to Betsy, they say, how could things have come to this? It was all going so well - none of us saw this coming...
Go to hell. The coming wipeout of our decent standards of living and social freedoms is horribly deliberate, and the result of a policy more than a generation old to reverse the social and economic levelling which followed WW2 and replace it with a blatant unfairness and pseudo-feudalism reminiscent of the late 19th century - before We the Proles got organised and demanded our share of the cake.
Whilst the supine press continue to hem and haw and wonder how things could have gone so terribly wrong, Manuscripts Don't Burn would like to express its anger and disgust, and enumerate some facts which may help shed light on events unfolding in the US and which will ultimately impact the freedoms and standard of living of all of us in the West, and indeed beyond. Not only is what is currently being called "the sub-prime crisis" a deliberate product of US government policy, it is merely the latest episode in the tightening of the noose of the New World Order, and the US government itself (in the person of The Dear Leader, BushCo) is managing the shenanigans in a way which - to those of us of purer mind - appears deeply criminal. Bearing in mind that this is merely the latest episode, Manuscripts Don't Burn would like to observe:
1. In an unprecedented use of the legal power of "federal pre-emption," BushCo recently ordered the individual states of the US to NOT enforce their consumer protection laws, thus allowing banks to practice "fraudulent conveyance" or "predatory lending" as it's defined under US law. In other words, BushCo didn't just turn a blind eye to what the banks were up to, they actively enabled the whole sub-prime bullshit that led to this bail-out.
2. Eliot Spitzer - the "bane of Wall Street" - was in Washington in February to launch a campaign to take on and investigate the financial alchemy of the Bush regime, and some of the biggest financial powers on the planet.
On the night of February 13 when Spitzer made the stupid choice to order some saucy take-out in his Washington Hotel room, he had just finished signing these words for the Washington Post about predatory loans:
"Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye."
Spitzer said in the headline, that Bush was the "Predator Lenders' Partner in Crime." The President, said Spitzer, was a fugitive from justice.
3. Last Wednesday, the 12th March, Carlyle Capital went bankrupt. Carlyle Capital is an offshore subsidiary of the Carlyle Group, who have some powerful friends: James Baker, Senior Counsel; notable partners, former and past: George Bush, the Bin Laden family, John Major and more dictators, pirates and presidents than you've had hot dinners. The Federal Bank acted swiftly and Bernanke dumped $200 billion on the poor little suffering bankers. They got the public treasure, and got to keep all those houses too. As a result, every mortgage sharking operation shot up in value on Wall Street.
The very same day the bail-out was decided - what a coincidence! - the man called "The Sheriff of Wall Street" was cuffed, and Eliot Spitzer was silenced.
4. Senator David Vitter, Republican of Louisiana, paid Washington DC prostitutes to put him in diapers, yet the Senator was not exposed by the US prosecutors busting the pimp-ring that pampered him. Naming and shaming and ruining Spitzer - rarely done in these cases - was made at the "discretion" of Bush's Justice Department.
So, BushCo creates financial turmoil, breaking the law yet again. It gets away with it - yet again - and yet again simultaneously enriches all their friends in the ruling class. Meanwhile, the poor move into their cars.
Is it us, or is anyone else seeing a pattern here?