Economic Crisis, in Today's News 03.02.10

Economic Crisis. Congress is moving toward adopting legislation that will significantly increase the power of the Cryptocracy, and yet there is little-to-no outcry.

Today's Wall Street Journal page one: "The two senators (Dodd and Corker) have also reached a deal that would let the federal government break up large, failing financial companies."

Further, "Regulators would have the option to force any financial company into an FDIC[Federal Deposit Insurance Corporation]-controlled dissolution if they believed market chaos required such an extreme step. Under the proposal, this step could take place only after the agreement of the Fed's board, a council of regulators, and the Treasury secretary, in consultation with the president."

And, "The new deal would wipe out shareholders [!] and give the FDIC the power to remove management. Creditors would be guaranteed only the liquidation value of their claims in bankruptcy..."

There a number of players here, but the one who has the power is the Fed, which after all controls the nation's money supply. The Fed will play the key role in defining which corporation is in trouble and needs to be reorganized. It just so happens that the Fed is also the entity that can cause a particular corporation to get in trouble. And, it just so happens that the Fed is owned by the central banks, which in turn are owned by the Rothschilds and others.

If this legislation is adopted it will thus constitute a decisive step toward a planned economy controlled by the Rothschilds. The Fed and others will plan the economy. If a financial corporation doesn't act according to the plan, the Fed will step in, get rid of the stockholders and reorganize the company complete with a new management. 

The model for this arrangement is the Soviet Union and its planned economy. The central planners there, just as in the US now, had the power to direct and to break up any company or management.

This legislation, therefore, is a significant power-grab by the Rothschilds. The economic crisis was engineered to a great extent to create this new arrangement. It will bring the Rothschilds one big step closer to total control of the US economy.

One would, therefore, expect a huge outcry against the proposed legislation. But, one listens in vain. All the voices who were very vocal in criticizing the Fed and calling for an audit of the Fed, seem to have developed a case of laryngitis about this reform.