4 Feb

Elephas Im Camera Obscura - WW
When one looks at the current state of affairs in the US, even the global economy one cannot help but wonder why no one is seeing ths giant elephant in the room. It is as though all are sitting in a dark room (Camera Obscura) and cannot see it. Indeed, even the odor of the pachyderm has been explained away to those content and happy in this dark room of theft, war and the NFL. But the fact is, no one wants to address key issues in the economic debate. I listened to some snippets that Obama had with some Democratic Senators and you hear them talk about Jobs. That is great, I am glad they got the message from the voters in Massachusetts. I am sure many voters are happy as well. But the economic problems facing our nation go far, far beyond just jobs, tax breaks for small businesses, more teachers, more cops, more this, more that all enclosed in tax regulations and economic stimuli. No one on either side of the aisle is really dealing in reality. They are dealing in slogans that they think are going to garner votes, but not in the harsh realities, not in fundamental Federal Budget reform. It is good for the President to talk about earmarks, even have a freeze on budget growth. The problem is he is not hitting at the heart of the matter. He wants to cut spending for people and leave the corporations, defense industry and other lobbyist intense entities out of any talk of budget cuts. The President and the Leaders of the House and Senate of both parties are playing yet another terribly dishonest game with Americans. It is the people who are going to pay a terrible price for their meandering indecision and legalized corruption (campaign donations/corporate lobbying).

Listen. I know many of my readers think I am nuts. They think I am just off on this. They really think that we are heading into a recovery. They will site some statistics coming out of Washington as proof. Yet any recovery that we may or may not have (I say not) will be so encumbered with massive deficits, declining tax revenues and rising popular anger (that will take many non-peaceful forms), that it will be like a drop of water in the hottest driest desert. It will be a recovery that will evaporate before it hits the ground. I mentioned that we need to look at Sovereign Debt, Commercial Real Estate as being major problems that will bring on the Second Wave of this crisis. They will, if yet another unforeseen crisis does not develop first, and it might. A war that suddenly effects, Oil Supplies, A major natural disaster in an heavily populated, economically important city, even a populist government coming to power in Europe that puts and end to the Global Bankster Bash, paid for by Taxpayers. The kind of government that gives populists (not a bad word, despite establishment propaganda to the contrary) subpoena power and executive power to begin looking into things those who have held power for decades most defiantly did not want looked into. This is more of a threat in Europe that you may realize. Some in power are already afraid of the people as they might soon begin to realize their power at the ballot. Look at the UK and what they just did. This should send shivers down every bankers spine.

Investment banks have been told that every bonus issued must comply with the regulatory guidelines – or they face having their licences to operate in Britain revoked.

In an extraordinary ultimatum that has shocked some of the City's biggest companies, the Financial Services Authority (FSA) told bank bosses that 60pc of all pay must be deferred, with no exceptions, even for those whose contracts conflicting with the edict.

Many of the global players have in recent weeks made representations to the City watchdog, in particular about pre-existing employment contracts that guarantee bonuses over a year or more. But their appeals have been met with the FSA's toughest yet response.

One pay executive in a major bank told The Daily Telegraph: "The message came back that while the FSA agreed that it does not have jurisdiction over contractual law, it does have jurisdiction over issuing bank licences in London, and that we should go away and unwind the contracts." - Telegraph
So there you have it. This is a major salvo being lobbied at England's banks and while some may think this is a faint, I am not so sure. Why? Because Britain cannot continue to bail out its major banks. If it continues to, it will join other nations who are having its bonds (sovereign debt)questioned by fiscal realities. This is a powerful message that the Prime Minister is not going to allow the banks a free reign at his governments expense. In short, the banks will tow the line or find that operating in Britain is going to most difficult. It would also follow that banks that are not licensed in Britain do not get bailed out by Britain as well.

Yes it is true that many will find this move a 'populist' one and one that should not be made. But the reality is that if things continue on the way they are, the new folks who come to power (perhaps not in the UK but elsewhere) are not the kinds that anyone who has held power or benefited from the system is going to like. The only way to quiet popular anger will not be through empty gestures but by concrete action.

The bottom line is that a proper line in the sand has been drawn and I think the banks had better find a better way to reward their top people (I will not say performers, as any bank in need of bailouts has performed badly, by definition).

In America, the problems are far deeper, more ingrained and are going to be much harder to root out. This is primarily because of the fact that as long as the US dollar is the de-facto 'reserve currency' she can (has and will) continue to put off the tough decisions that will rankle lobbyists and others making money from the brokenness of the current system. Even in this election year, (perhaps especially in an election year) key issues must never come to the fore in the debate. Obfuscations, and phoney hot button issues must be emphasized so that the focus remains away from the heart of America's fiscal crisis.

Structural Mess.

First and foremost America's economy is not structurally sound. It has not been since waning days of Ronald Reagan, who began the trend for massive fiscal deficits to pay for an ever expanding military machine. Granted in those day our spending was done at least partially to bankrupt the Old Soviet Union. It worked. But today we are heading in the exact same fiscal direction as the Russians and the result may be just as disastrous. Perhaps even more so. The Russians just like the Americans today, kept up Defense spending despite the collapse of its real economy. America is repeating the same mistakes. But today this major structural flaw is being defended by the President in the form of breaking another structural safety net that millions of Americans have been taxed for for decades. I speak here of both Social Security and Medicare and the Presidents move to attempt to short change retirees to pay for massive defense budgets is not only obscene, it is dangerous economics and could ultimately become an issue that challenges US social stability. People are not going to stand by and let their Retirements be stolen by the Defense industry. I do not care how many of Obama's advisors tell him he can get away with it. It is not going to happen. To put it bluntly, Americans are not going to be economically enslaved by the Defense industry. For now, most do not understand what is at stake. It is going to take a a bit of doing, but they are targeting the better informed portion of the population, older Americans. But how are people going to retire? People have paid into the system, planned on it being there, now when it comes time to retire they want to rewrite the rules so you can't? Folks that simply is not going to fly. So what they are going to do is create a whole class of Americans who (have been robbed) and have no purchasing power because the money originally put aside for them is going to Lockheed, Raytheon and Xe. Who is going to be able to buy anything? Granny does not need, nor can she afford a killer drone or an F-35 fighter aircraft. As far as folks who think they are going to get a retirement from their 401(k)? Don't make me laugh. You will not see it if you are under 55. Most of it has already been gambled away, there have been no rule changes so guess what, if it is not gone now, it will be. You can bet on it.
Just as those making far too much money in the financial world (I know, it’s all about perspective, well, here’s mine) can’t grasp the fundamental changes coming, neither can you. You need to grab what’s yours and hold it as close to your chest as you possibly can. Now.

You think you’ll get a pension and all that. I first wrote about that years ago, but I’ll try a recoup :”You'll never get that pension", It was invested in high risk-carrying assets, and the risk didn’t pay off. The fund managers did fine, thank you very much, but hey, they were working with money that had to be paid out in , how old are you, 20-30-40 years, so why would they worry about 2030? their salaries come in in 2010.

That's your pension plan, and that’s why you won't get any. - The Automatic Earth
That's right, when you see those massive bonuses go out to Wall Streets criminal class, that is your retirement they are stealing and there ain't Jack Diddly you can do about it, except vote every member of the Senate and House (of both parties) out of office (with the possible exception of Independents like Sanders and Mavericks like Kucinich and Paul.)

But you won't do that, so you won't retire and soon, many of you will not even be working either.

Another major structural flaw is our over reliance on imports for consumer goods. The inability of American laborers to compete with slave labor markets abroad. This is due to Free Trade, despite the propaganda coming out of the Media and corporate funded think tanks, who use that very same slave labor in far off places, secretly. Folks our leaders can talk and talk all they want to about creating jobs, but all of the Jobs they are talking about creating are service related or government jobs. No manufacturing Jobs can be created en masse, where we are in a significant competitive disadvantage. Why? An American living wage's destruction was written into both NAFTA and the WTO (formerly GATT) pages, in indelible ink. Our 'high standard of living' was the bullseye in their plan to target 'high labor costs' that Corporations decried. So now what do you have? You have a labor market that cannot create high quality jobs outside of Government. Service jobs are going to go away as purchasing power is diminished by both a falling dollar (this will come in time with certainty) and higher taxes, not just at the Federal level but at the State and local level as well.

So then you will see more and more retailers close stores or simply go out of business. These are not things that are going to happen overnight. But these are trends that cannot be prevented as long as these Structural problems remain unresolved and untargeted. Forestalled? Perhaps for a while, but only at further eroding the value of our dollar and confidence in our bonds as these jobs will only be paid for with yet more government debt, adding to rather than subtracting from yet another major structural problem.

What I think needs to happen is a reorganization of the US economy away from Wall Street and towards mainstreet. The big money center banks, which have turned into little more than gambling houses need to be brought to heel, broken up or closed down all together. The focus of Federal aid needs to be towards small community banks who will actually lend to small and medium sized businesses. We need tax money redirected away from the destruction (war) machine and towards a construction machine. You want to put people to work? Mass transit systems in every American city with a population over 250 thousand should be on the table. Undergrounds and aboveground rails or even elevated rail systems should be built. This will reduce our dependence on foreign oil, reduce the cost to ordinary Americans traveling to and from work everyday (a significant cost for long range commuters) and reduce CO (carbon monoxide) emissions far far more dangerous and deadly form of carbon that the CO2 mentioned in the global warming debate. This will put significant amount of money into Americans pocket and much less into oil producing nations some of whom fund terrorist organizations.

Retool our education system away from making so many lawyers, accountants and bankers, and create more trade schools. Get rid of the stigma of having attended one. Get rid of the excessive cost of education by getting rid of Student loan programs, at least as they are currently organized. Do this at the Federal level. This may sound drastic, but in reality it is not. Having worked a couple of years as a Federal contractor at the Department of Education, I saw first hand how some portions of the Student loan programs were run. Many inside the department (and mid level management) were quite clear about their own views on it. They also agreed (quietly) that he high cost of education is linked directly with far too much federal money going towards loans. Why should it cost $50,000 or more for a four year degree for a job that probably is not going to be there anyway? This is a woeful misdirection of capital. Many graduates pay this exorbitant amount of money and are still useless in the workplace. I know, I had to interview, hire and work with some of these newbies. Most were simply not up to snuff. You would expect much more from a graduate. I was not impressed at all at what a modern education is made up of. Too much touchy-feely politically correct bulls--t and not enough practical useful applicable knowledge. In short, I saw a lot of indoctrination, very little education.

The problems in the US economy are deep rooted and are not going to change without a crisis so great that new kinds of leaders are brought into power. I do not see that happening without bloodshed. The interests who are entrenched in Washington have already created the very kind of state that can identity, track and target people 'the power' does not like. It is far, far more effective, pervasive and pronounced than anything (I do mean anything) you have read on the web. None of this is a coincidence, but part of a long range plan. A plan to change this nation into something rather hideous and destructive.

The power is going to make sure that none of those structural problems ever get solved and they are willing to bet your life on it.
____

Jan

The Economy - WW
Is America on the verge of declaring some kind of bankruptcy? The short answer is yes, she is. How the attempts will be made to stave off this inevitable result of our fiscal excesses remains to be seen but nothing now short of a massive reorganization of our economy and fiscal priorities will stop it and even then, at this point in time, it is just too late. When America (under Obama's Leadership as President and with his strong support when he was a still a Senator) decided to essentially bankrupt America and its treasury in order to save America's major Wall Street banks who created the biggest fiscal crisis since the Great Depression, due primarily to financial corruption and criminal acts which have yet to be prosecuted, we embarked on a course of economic destruction. What we did was essentially to say that Wall Streets Money Center Banks were more important than Social Security, Medicare, Food Stamps, Education, Trasnportation, Health and every single thing the US government does including National Security. It was a seminal act of exploited panic designed to drain the US Treasury of funds and funnel them to criminals. This crisis will almost certainly surpass that seminal event of the Great Depression in pain and suffering before this crisis ends, and it has only just begun.

I know few of you really understand the magnitude of the economic forces heading our way and really think a recovery is headed our way. But nothing out there other than a few stats in the Housing market could lead any reasonable and informed (key) person to that conclusion. There are several major 'Bangs' headed this way. Mr CB Willie (whose newsletter is probably one of best out there) has this to say about it.

Finally, the harsh reality from the weight of gravity and the passage of time resulted in a second bang. One can always question the motivation of the Dubai World default, and the fact that it occurred when the USDollar was badly oversold. One can question the wisdom to attempt to force Abu Dhabi to cover the bad debts or assumptions that it would cover the bad debts. One can point to a hidden motive to ruin Iranian assets and trade routes, since they own 30% of Dubai properties and benefit from restricted product shipment through Dubai corporations. Regardless, the aerial view is most important. The biggest victims are the London and European banks heavily exposed to Dubai debt. The Powerz prefer to call it a rally on the USDollar from seeking the safety and security. But to the rotten ramparts of the US financial core? HARDLY!! Instead what happened was that the British Pound and Euro currency fell during an expected retreat after a realization of upcoming declared losses. The US has fortified a false front from accounting marked to fantasy that produced a stock rally and recent culmination in the most fraudulent Non-Farm Payroll report in modern history....

...The second bang from Dubai is the most important destabilizing debt event in 14 months, but minimized in the United States. The US press hardly even mentions the downgrades across European on sovereign debt. The US press actually boasts that the financial markets are handling the Dubai situation very well, and might be past it already. What incredible denial, but much expected. The second bang signals the beginning of sovereign debt defaults, several of them, and the reshaping of Europe, both with the European Union and the Euro currency. The movement toward a Parliamentary European Union might soon be dead on arrival. The split of the Euro currency is soon to become a reality, a forecast made months before the Persian Gulf debt default forecast. The prudent action is to put the Lisbon Treaty on hold while member nations default on sovereign debt...

...No forecast invites more private anger, insults, dismissive comments, and generally negative email than my forecast made in autumn 2008 of a USTreasury Default. The climax of the string of global sovereign defaults will be the government debt default for the USGovt, in the USTreasurys. Events in the last year support the forecast. Federal deficits are rising dangerously, over a trillion$ annually. The Greenspan-Guidotti criterion for debt default has long ago been triggered, even assuming the USGovt OWNS ANY GOLD. It does not. Rather it owns clear ledger items called 'Deep Storage Gold' that is not deep in underground vaults, but deep in mountain ore deposits, not yet mined, kept very secretive. The short-term USGovt debt is over $2 trillion, closer to $3.5 trillion if immediate debt finance is counted, as in the next 12 months. The Stimulus Bill was a travesty, more wasted funds and opportunities. The TARP Fund was an $800 billion slush fund, clouded still in secrecy. The foreign wars are a sacred big money loser, with more deficits associated. The competent economists like former USFed Chairman Volcker warn that structural reform is non-existent in the USEconomy and financial sector. Volcker further warns that derivatives have done great harm, and contain no value, only a shift of financial rents. The Global Paradigm Shift is in full force since the spring months, led by the twin concepts of diversification out of US$-based reserves, and of the movement to establish an IMF basket currency as an alternative for international commerce and transaction settlement. The end of the US$ for crude oil sales has been written on the walls. The end to the US$ credit card with unlimited balance is soon to end. - Full Circle Of Gov't Debt Default (Golden Jackass)
Mr. Willie then mentions what he (and I) think will be the trigger event that will shut down the US economy followed by the Western part of the Global economy. That being the Insolvency of the US Fed. Rather than borrow even more from Mr. Willie one can find a plethora of information on this as the Fed's balance sheet is already overladen with assets that have no value (read toxic assets that Wall Street dumped on the Taxpayers lap). That coupled with its printing operations at the Discount Window which has been abused before this crisis and is certainly being abused now to a much greater degree are not helping matters. In short we are headed for a fiscal crisis unlike any we probably have ever seen (including the depression). Even mainstream think-tanks are talking about these issues. Sadly the meat of these studies never hits the headlines, just deceitful statistics designed to keep you buying crap you don't need.

How desperate is our situation? I mean really? Well, In order for the US top operate our government we get our money from two basic sources. Taxes and Borrowings. Most of the US government is paid for by borrowings. We must be able to sell our Treasuries in order to have money to pay for our Government. This ordinarily would not be a major problem if we could get the money we needed from inside the US, people buying t-bills and putting them into savings account. The problem is, our borrowing needs are so gartantuan that we must rely on foreingers to buy our debt. This was not a real problem until the 21st Century began and while we were able to get he money there was more than a little shall we say 'comment' by sovereign nations about our growing fiscal imbalances. But when this crisis hit, nations that were once so very generous had their own troubles to deal with. Even China, dependent on US markets for her goods has shown remarkable reluctance to fund our deficits much further. I am not just guessing or making this up. Check this out.
Ponzi Scheme: The Federal Reserve Bought Approximately 80 Percent Of U.S. Treasury Securities Issued In 2009

No, the headline is not a misprint. According to CNBC, the Federal Reserve bought approximately 80 percent of the U.S. Treasury securities issued in 2009. In other words, the Federal Reserve has been gobbling up the massive tsunami of U.S. government debt that has been created over the past year. This is absolutely unprecedented, and it is yet another clear indication that the U.S. financial system is on the verge of a major economic collapse.

You see, the Federal Reserve is not part of the federal government. In fact, the Federal Reserve is about as "federal" as Federal Express is.

Due to the massive explosion in the size of the U.S. government debt and due to the very weak U.S. economy, interest rates on U.S. treasuries should have shot through the roof by now. Rational investors would normally require an increased return for the increased risk that U.S. treasuries now represent.

But that is not happening.

Instead when there are no buyers for U.S. treasuries at current interest rates, the Federal Reserve just steps in and buys up all the excess bonds that need to be purchased. But in a normal free market situation, interest rates would rise on U.S. treasuries until they would be attractive enough for investors to buy them all.

However, that would create some huge problems.

If the U.S. government was not able to borrow all of the money it wanted to at artificially low interest rates, the results would be absolutely disastrous. Much higher interest rates on U.S. government debt would cause the U.S. federal budget deficit to absolutely explode. Interest rates on everything else throughout the economy would also skyrocket. As mortgage rates climbed dramatically, the housing market would completely collapse. The U.S. economy would be totally in flames.

But for now (and this situation cannot last forever) the Federal Reserve is keeping interest rates artificially low by lending the U.S. government as much money as it wants at extremely low interest rates. Of course the Federal Reserve is making an insane amount of money out of the arrangement, so it is working out quite nicely for them as well. But by essentially "printing" a flood of cheap money for the U.S. government to borrow, the Federal Reserve is ultimately going to end up destroying the value of the U.S. dollar. - The Economic Collapse Blog
Translation: No one is buying our debt so we have to buy it ourselves and hide those purchases lest people wake up and understand what is happening.

But I do not have to rely on just blogs and MSM clips. Check out what Pew Research has to say about it.
The looming fiscal crisis

The economic crisis that the United States just experi- enced resulted in the deterioration of the country’s fiscal metrics as revenue plummeted and spending soared due to the recession’s effects and the government’s response.

The 2009 budget deficit was $1.4 trillion, almost 10 per- cent of GDP. The public debt grew 31 percent from $5.8 trillion to $7.6 trillion. And the total debt, which includes what the government has borrowed from itself, grew from almost $10 trillion to $11.9 trillion.

However, even after the recession abates, its lingering effect, the extension of a number of deficit-financed poli- cies, demographic changes, and growing health care costs will all create an unsustainable fiscal situation where the debt will continue to grow as a share of the economy. Under the Commission’s “fiscal baseline” (Box 1), which assumes the extension of many of the 2001 and 2003 tax cuts and other expiring policies, lower war costs, and dis- cretionary spending that keeps pace with the economy, the United States would see:
• Total government spending—driven by an aging popu- lation and rising health care costs—rise from 25 percent of GDP today to 36 percent in 2038.

• Revenue—which fell to below 15 percent of GDP during the recession—grow gradually to 18.5 percent in 2018, surpassing historical averages, but not by nearly enough to keep pace with spending.

• Deficits slip from their current level of 10 percent of GDP to below 6 percent over the next five years but rise to above 16 percent in 2038.
Without a dramatic shift in course, the debt will grow to unprecedented levels, breaking the 200 percent mark in 2038. Well before the debt approaches such startling heights, fears of infiation and a prospective decline in the value of the dollar would cause investors to demand higher interest rates and shift out of U.S. Treasury securities. The excessive debt would also affect citizens in their everyday lives by harming the American standard of living through slower economic growth and dampening wages, and shrinking the government’s ability to reduce taxes, invest, or provide a safety net. - Pew Research
Once again I do not need to rely just on blogs to tell you what is staring all of is the face. The major problem is that perception management (fancy word for propaganda) is in full force in the Government and MSM. Each is trying to do its level best to alter your perceptions away from reality, not towards it. Lets take a look at another official source of information, that is telling it like it is and not mincing words about it.
States are currently facing one of the worst, if not the worst, fiscal periods since the Great Depression. Fiscal conditions significantly deteriorated for states during fiscal 2009, with the trend expected to continue through fiscal 2010 and even into 2011 and 2012. The severe national recession drastically reduced tax revenues from every revenue source during fiscal 2009 and revenue collections are expected to continue their decline in fiscal 2010. As state revenue collections historically lag behind any national economic recovery, state revenues will remain depressed throughout fiscal 2010 and likely be sluggish into fiscal years 2011 and 2012. The “official” economic recession, which began in December 2007 and may have recently ended, has significantly affected state spending, as more than half the states decreased their general fund expenditures in fiscal 2009, and over two-thirds of states enacted fiscal 2010 budgets with general fund spending lower than the previous year. - National Governors Association/National Association of State Budget Officers
This report, as depressing as it is (and it is) is still too optimistic. They are relying on a recovery that simply is not going to happen until Washington gets its act together and that is not going to happen until the powers behind the throne running the nation into the gutter are in prison. How likely do you think that is? They are very powerful, every evil and know what they are doing. They are too powerful to prosecute and effectively control all three branches of government. I am not going to go into anyone 'pet' conspiracy theories here, I have studied more about them than just about anyone out there and have a decent hard cover library dealing with everything from the Freemasons, devil worship, Bilderbergs, Trilateral Commission, Wicca.., Blue Beam, Aliens... I could write an veritable encyclopedia were I so inclined.. and I am not. I do not spend much time on that stuff because there are tens of thousands of sites that do and most of them just don't really know what they are talking about. They just have links up from one fruit loop to another fruitier loop to yet another...

Rather I am talking about men who are given over to what the Bible clearly describes as a system of mammon and greed that envelops the earth in every imaginable vice. So if you don't see links here about the 'grand conspiracy of alien free masons' or the 'secret organization of three footed gray's', stalking our planet, that's why. Sure there is a lot of truth in a few of these sites, but too many are just adding to the junk-pile and do not really contribute anything of value to serious individuals and researchers, besides... a lot of them are secretly run by the Government designed to keep you away from those that really run things.

So what is to follow? There are two issues that concern me that have recently transpired. Both are Executive orders signed by President Obama. One I talked about in my recent piece, it was the Executive order expanding the diplomatic immunity of Interpol. The other is dealing with an issue Sorcha Faal talked about yesterday (yes, I do read her stuff, you should too but with a very, very discerning eye knowing that she often has to hide the truth behind a veil of shall we say, 'colorful distractors'). So yes, she is kind of 'fruity' but it is done with a purpose in mind.
Raising the alarm of the Kremlin about the United States latest move towards totalitarianism was Obama's signing yesterday of an Executive Order establishing a Council of Governors to be comprised of 10 American State Governors of his choosing and headed by the Secretary of Defense and which will also comprise the Secretary of Homeland Security, the Assistant to the President for Homeland Security and Counterterrorism, the Assistant to the President for Intergovernmental Affairs and Public Engagement, the Assistant Secretary of Defense for Homeland Defense and Americas Security Affairs, the US Northern Command Commander, the Commandant of the Coast Guard, and the Chief of the National Guard Bureau.

Important to note about Obama's move to complete the militarization of the United States, these reports continue, was it being process of subverting the American people begun under former President Bush, who in 2007 vetoed the National Defense Authorization Act for Fiscal Year 2008 ( H.R. 1585) for not allowing the Presidency this unprecedented power, but when put into the new version of this act was signed by him to become US Public Law No: 110-181.

The establishment by Obama of this new American regime, headed by the United States military and intelligence agencies and giving them unprecedented power over their elected officials, these reports warn is 'exactly' shadowing those actions of last century's National Socialist Party (Nazis) in Germany, and include:... - Obama's Shock Plan
Ordinarily, you might dismiss a story like this as the rantings of lunatics. But read carefully what is in that executive order.
The bipartisan Council will be composed of ten State Governors who will be selected by the President to serve two year terms. In selecting the Governors to the Council, the White House will solicit input from Governors and Governors associations. Once chosen, the Council will have no more than five members from the same party and represent the Nation as a whole.

Federal members of the Council include the Secretary of Defense, the Secretary of Homeland Security, the Assistant to the President for Homeland Security and Counterterrorism, the Assistant to the President for Intergovernmental Affairs and Public Engagement, the Assistant Secretary of Defense for Homeland Defense and Americas Security Affairs, the U.S. Northern Command Commander, the Commandant of the Coast Guard, and the Chief of the National Guard Bureau. The Secretary of Defense will designate an Executive Director for the Council. - White House

FEMA's 10 regions

Given that not two weeks ago Obama gave immunity to Interpol and that the US will one day in the not too distant future be forced to declare bankruptcy, the entire specter of an armed response to the anger of the people who are going to to be left out in the cold, while the Defense establishment and the Banking Titans reorganize America into its hideous image is hardly a wacked-out conspiracy theory, not anymore. Such drastic changes with a decidedly law enforemment/militarization bent have not garnered hardly any MSM coverage.

What do I think really? I think the powers that control Obama, his staff and others have had a highly secret meet where the reality of Americas bankruptcy and a time line for a bank holiday and marital law have been discussed. The latest EO I think is an attempt by Obama to subvert.. er.. I mean enlist the support of the state houses in helping them repress Americans when the banks close, the grocery stores are empty and the gas pumps run out of gas because no one will take our dollars. You do not include the commander of NorthCom unless you are going to use force on someone inside the US.

I submit that plans may be underway to use force against people inside the US. But also, this could lead to more coordination of National Guard deployments to Obama's lunatic wars with the Governors. There will always be those backroom deals, "Well, Gov. Schwartzeneggar, you want that aid for your state? Give up your National Guard to the DOD for the next 10 years and we can do business. We got plans to send them to Yemen, Saudi Arabia and Pakistan."

Do you trust Uncle Tom I mean Obama to do right by you? By now, you should have enough sense not to, if you still do, go get an X-ray done on your cranium to ensure there is something in there beyond a vaccum.

But like many Americans, Obama is really reflecting the spirit of modern America, Say you want one thing when you really want another. We want to stop the mistreatment of prisoners... how dare you give them a trial!! We want to stop the war on terror, how dare you not support a surge in Afghanistan! We want to to stop the police state, how dare you not support the Patriot Act! People said they wanted Change but got Bush-Cheney on Steroids, with their broad consent. But as long as the gas flows at the pump, Showtime is still on cable and there is beer in the fridge, too many Americans would sooner turn their own children over a roasting spit than give up those creature comforts for themselves, or at least slaughter their own children in the womb lest they have to do with less of those very same comforts. They talk a good game. But words are not deeds and theatrical outrage with America's evil is just that... theatrical.

Well, don't come crying to me when the chickens come home to roost and your deeds and ignorance play you for a sucker. I am not calloused in the LEAST and deeply love my fellow man of all colors, races, religions, criminal backgrounds and sexual orientation. Why? Because God loves them even more and gave his son that all may have life.. But continued stupidity and determined ignorance are best cured with prolonged and unbearable pain lest a far, far worse fate awaits you.

The cure is on its way.

You Americans who frittered away your freedoms for a big screen TV and a new car and who are all draped in phony 'politically correct' patriotism... can't you see how valuable freedom is? Look at what is happening in Iran. Let that be a clue as to how desperate you can get when your freedoms and hopes are dashed by a brutal, wicked and corrupt government. Obama knows how angry people can get. What is about to happen... it is the stuff revolutions are made of. The criminals who wrecked and robbed America who control Obama must never be brought to justice.

Hence the Executive orders.

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