Economic Crisis, in Today's News 09.18.09

Economic Crisis. The cryptocracy's real purpose in precipitating the economic crisis was an audacious grab for more power. Most Americans probably thought the nation's situation before the crisis was okay. Not so the cryptocracy. They saw money that should have gone in their pockets being diverted into high salaries, health care, risky investments, etc. Their perspective saw a downhill slope with more and more of society's wealth escaping their grasp.

And so, they precipitated the economic crisis with several concrete goals in mind. One was to greatly increase the power of the Federal Reserve, which just happens to be the cryptocracy's central device to control the economy to their benefit. 

One of the first proposals to come along after the economic crisis hit was to put key economic regulation in the hands of the Fed, a privately-owned entity, and out of the hands of government agencies. The idea was to give the Fed, and thereby the cryptocrats, greater control over the economy and over the engines of wealth production. Evidently the cryptocracy felt very strongly that the present arrangement was an enormous infringement on their ability to pull in the lucre. This proposal is currently tied up in various congressional committees and looks pretty much doomed. 

Today the Fed revealed a plan to impose sweeping curbs on pay in financial institutions. Wall Street Journal page one: "The Fed's plan would, for the first time, inject government [sic] regulators deep into compensation decisions traditionally reserved for the banks' corporate boards and executives. Under the proposal, the Fed could reject any compensation policies it believes encourage bank employees-- from chief executives, to traders, to loan officers--to take too much risk."

This proposal is in reality 'Plan B'. Obama failed to shepherd 'Plan A', the regulatory reform, through Congress. So the cryptocracy played their trump card: they simply will take over corporate oversight using their existing authority. 

The thrust of the Fed's latest proposal is to curb pay at all levels of a financial organization. But think about it. If one controls employee pay, one also controls employee activity. And to control employee activity is to control corporate activity. Thus the cryptocracy will have the Fed and their control of corporate boards to ensure that financial institutions do exactly as the cryptocracy wants. The cryptocracy thus is seeking to put an iron grip on the economy and its principle institutions.

One can never say the cryptocracy doesn't have chutzpah. 

It is amazing that they are able to get away with this stuff. The innocence of the American public is enduring. And one of these days, they will come to realize that the cryptocracy has taken extreme advantage of their innocence. 

If the Church leaders were at all conscious of where things are headed, they would take a lead in educating the public. Don't hold your breath.