Economist Dr. Michael Hudson on Treasury Secretary Hank Paulson's "Plan" passed by Congress on October 3, 2008. We discuss what is being purchased, the congressional vote, what this means for the oligarchs, and what this means for the rest of us.
In Germany it is crime to “deny, play down or justify” genocidal acts carried out by the Hitler regime. “Holocaust denial” is also a crime in France, Switzerland, Belgium, Austria, and several other European countries, as well as in Israel. Over the years many individuals have been fined, imprisoned or forced into exile for “denying the Holocaust,” including Robert Faurisson and Roger Garaudy in France, Siegfried Verbeke in Belgium, Juergen Graf and Gaston-Armand Amaudruz in Switzerland, and Ernst Zundel, Germar Rudolf, Guenter Deckert and Hans Schmidt in Germany.
For those who have seen the ugliness and heard the vitriol emanating from the mouths of persons attending McCain/Palin rallies this past week--what with their demands to kill Barack Obama, slurs that he is a terrorist and a traitor, and paranoid delusions about his crypto-Muslim designs on America--please know this: This is how fascism comes to an ostensible democracy.
IT WAS a day of desperate global action, unprecedented in both scale and cost, intended to stymie the international devastation being wrought by the financial crisis.
As the London stock market steeled itself to open again following days of vicious battering, Alistair Darling, the Chancellor, rose to stake the future of the country and the Cabinet on an audacious £500 billion banking bail-out.
And barely had the City begun to digest the hugely complex and unorthodox scheme when it was sent reeling again by an unscheduled interest rate cut – mirrored across the world – by the Monetary Policy Committee. It was the first such co-ordinated approach since the 9/11 terrorist attacks in 2001 – yet another indicator, had one been needed, of the gravity of the situation.
The half percentage point drop was immediately passed on to millions of borrowers, with leading high-street banks cutting their mortgages.
All great truths begin as blasphemies.
~ George Bernard Shaw
What difference does it make to the dead, the orphans, and the homeless, whether the mad destruction is wrought under the name of totalitarianism or the holy name of liberty and democracy?
~ Mohandas Gandhi
Sarah Palin is the person we need (and deserve) to lead us on our incessant quest for global hegemony and in our ongoing orgiastic gang rape of the Earth. A former beauty pageant contestant noted for her fierce competitiveness who would easily qualify as a MILF in the pornography industry and who takes great pride in her capacity to stick her head up her ass and go for it instead of “blinking,” this “lipstick pitbull” embodies nearly all that we worship in a nation fueled principally by narcissism, arrogance, willful ignorance, and belligerence. She may lack the obscene wealth that also triggers our reflexive genuflection, but she will acquire that in time.
Bail out the people and we will not need anyone to save us from the bank collapse! And that's a fact!
Why do we have governments if not to provide for and protect the people? We are told every day that America is the greatest nation on Earth. We are told that communism is bad and that capitalism is good. We are taught to be afraid of socialism and we are told that basic human services for people at the bottom of the socioeconomic ladder are bad. The term "entitlements" is used in a negative manner in order to describe all government support for the needy as giveaways for people who just don't work hard enough.
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