Economic Crisis, in Today's News 03.03.10

Economic Crisis. Today's Wall Street Journal has a headline (page C16) that perfectly expresses the current frustration of the Cryptocracy: "Congress Is Wasting a Good Crisis." [!!]

The Cryptocracy had precipitated the economic crisis in the hopes of creating an atmosphere where several changes to American public life could be stampeded through Congress to the great benefit of the owners of the country's wealth. 

They had a big 'to-do' list and some things were accomplished: the election of Obama, the government take-over of General Motors, a rationalization and consolidation of the banking industry, and a disciplining of the insurance industry. But a couple of big items are stuck in Congress: health care and a reorganization of financial regulation.

The Cryptocracy and their agents are now making a last-ditch effort to ensure that Congress passes legislation to enable a government take-over of health care and to enable an empowerment of the Federal Reserve as the chief enforcement agency. Time will tell if they are successful, but they rarely give in.

The WSJ headline, consciously or not, summarizes the situation as seen from Cryptocracy headquarters. Here the Cryptocracy had made a perfectly good crisis to change things around, and now these self-inflated goof-offs in Congress are mucking the whole thing up by their constant dickering over details.

The Cryptocracy intends to get its way. And they will eventually, until and unless a conscious opposition arises to their manipulations.

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.

Economic Crisis, in Today's News 02.26.10

Economic Crisis. Today's Wall Street Journal page A2: "The Federal Reserve is gaining support in the Senate and could emerge from the overhaul of financial-market rules as the primary regulator of the country's largest financial firms, according to people involved in the negotiations."

This possibility is a switch. Until very recently this particular reform has been stuck in Congressional mud with little hope of passage. But, the Cryptocracy desire to put the Fed (which they own) in charge of regulating large banks and others is very high on their priority list. A case can even be made that the Cryptocracy brought on the economic crisis just to accomplish this reform.

And so, in the last few weeks pressure (in all its manifestations) has been brought

to bear on Christopher Dodd, chairman of Senate Banking Committee, and on all his fellow committee cronies. 

When the Cryptocracy really wants something, they will pull all the strings to achieve it. And so they have.

How craven these Senate toadies can become was illustrated in the WSJ by a participant in the negotiations, "All eight of us said it is unthinkable [!] to have the central bank of the United States not have supervisory authority over the financial industry..." 

The most surprising aspect of this development is the silence of the critics. Those voices who have been criticizing the Fed and calling for an audit, have been completely silent on this regulatory change. And yet this change has a significance that is almost beyond measure for the economy and the American public.

The Fed in charge of regulating the financial industry means that the private owners of the banks that own the Fed will be in control of the nation's economy. The Cryptocracy already mostly directs and manipulates the economy thru the Fed and other devices, but this change would institutionalize private control and supervision. It means handing over the economy to these ghouls who will plunder anything and everything to grab the nation's wealth.

If history is any indication, when the Cryptocracy has exclusive control of something, bad things happen.

Economic Crisis, in Today's News 02.24.10

Economic Crisis. Today's Wall Street Journal (page A4) headline: "Attempt to Curb Risky Trading Hits Senate Wall."

Yet another setback for President Obama. This one concerns the "Volcker rule" which would prevent banks from making risky bets with its own capital. Former Fed Chairman Volcker is a prime spokesmen for the Rothschilds and other owners of the world's wealth. The reform he advocated is a Cryptocracy priority to try to stop ambitious novices from playing with the Cryptocracy's money.

The inability of Obama to achieve this reform is less than pleasing to the Cryptocracy. Obama is racking up a series of losses on projects that the Cryptocracy elected him to do. The reform of financial regulations to give the Fed more power has stalled almost completely. His setback on health care is a setback to major plan to bring 1/6 of the economy under government (read Cryptocracy) control. 

Obama is trying to salvage his health care reform. Success is dubious.

The Israelis seem disappointed in Obama and, for the moment, are patiently waiting for him to come around to militarily attacking Iran. At some moment they will give up on Obama, and force a confrontation that the US will have to become involved in.

When the 2008 election began, it seemed that Obama would not be the choice of the Cryptocracy because his standing and experience were insufficient to rally the American people around key objectives such as attacking Iran. But, the Cryptocracy chose him, probably thinking that Obama's messiah-like image would carry the day especially in the context of their planned economic crisis. They were correct up to a point. But Obama's image tarnished rapidly and his hold on public opinion is declining, as is his ability to achieve the Cryptocracy goals.

There seems to be little the Cryptocracy can do to bring Obama back to his former authority. Once it is gone, it is very difficult to restore. Obama is trying valiently to press ahead, but the futility is right there for all to see. 

What will the Cryptocracy do? We'll have to wait to see. But the changes they wanted to come out of the economic crisis are still very much must-do goals. They will not give up easily on achieving them.

Stock Market Decline, in Today's News 02.05.10

Stock Market Decline. Wall Street Journal page C1: "Dow [Industrial Average] Sinks to 3-month Low Near 10000."

It is always a mistake to see the stock market ups and downs as primarily a function of supply and demand, natural causes, etc.

The Rothschilds and others in the cryptocracy don't make their money through speculation in the market. They have always believed in making money through manipulation and usury. To them the stock market is merely a tool to influence the course of human events. 

The cryptocracy has manipulated the stock market from the beginning of the stock market age. The media covers it up and the volume of trade on the market would seem to preclude manipulation, but the truth is these families in the cryptocracy are extremely powerful, strong enough to influence the market to do what they want it to do.

So, it pays to look at the present politico-economic situation from the point of view of the cryptocracy.

The current drop in the stock market just happens to coincide with several setbacks for the cryptocracy. First was the dramatic disillusionment in their man in the White House, as shown in the Massachusetts election. Next, was the utter crash and burn of the health reform. This reform was a central goal of the cryptocracy and one of the purposes for precipitating the general economic crisis. And then, there is the cryptocracy's much desired reform of financial regulation putting more power in the Federal Reserve. This reform is stuck in congressional quick-sand, and is going absolutely nowhere. Even worse, their nominee to head the Fed, just barely squeaked through his election in congress.

All this means only one thing to the cryptocracy: it is time to deepen the economic crisis in the hopes of creating an atmosphere where their cherished reforms can be pushed through. This is the cryptocracy's primary mode of operation: create a crisis so that in the resulting emergency, they can obtain what they want from the government. 

Will it work? It is dubious that the health care reform can be resurrected in the short term. But their real aim is probably to get the Fed (which they own) empowered to regulate the entire economy. Obama himself is also making a valiant effort to regain his stature. He even went to a prayer-meeting, of all things!

In the meantime, the entire population suffers. Every person now knows of someone or family that is in a crisis because of the economy and the machinations of the cryptocracy.

And not a word from the leaders of Catholicism. It's almost as if they don't live in the real world of today.

Obama, in Today's News 01.23.10

Obama. The Wall Street Journal termed Obama's Elyria, Ohio speech as a sharpening of "his populist tone." This is a nice way of covering over Obama's extreme rhetoric. Only communists up to now have said things the way Obama did. 

Case in point: Obama: "I'm not going to have the insurance companies click their heals and watch their stocks skyrocket, because once again there's no control on what they do." Lenin or Castro could not have said it better.

One of the prime cryptocracy goals to be achieved during the economic crisis precipitated by the cryptocracy was to bring the economy under government control and to begin to institutionalize a planned economy. The idea is that planning and central control will reduce the risk to the cryptocracy's wealth production. Annoying things like competition for the wealth would also be eliminated.

To this end, Obama has sought to establish czars and oversight committees for various industries, the auto industry and General Motors most notably. He has promoted a thorough reorganization of financial regulation giving oversight powers to the Federal Reserve. He has tried to bring the banks and insurance companies under government control. His health care reform is designed to bring this wide-ranging industry under central planners and bureaucrats.

The truth of the matter is that all these efforts are only crawling along. With the exception of the government take-over of GM, all Obama's 'reforms' are foundering, which is none too pleasing to the cryptocracy. And thus is explained Obama's desperate rhetoric which reflects his and the cryptocracy's frustration with the lack of success.

Health care is the most obvious of the failures. His effort to install a new system of financial regulation is going nowhere. The banks have fought back and tried to get the yoke of government control off their necks. His effort to control salaries and bonuses in the financial world has had only meek success.

There is an ominous side to this situation. The cryptocracy made the economic crisis possible in order to create a political atmosphere where quick passage of the cryptocracy's aims through Congress could occur. But few cryptocracy proposals have managed to make it through Congress into law. As Obama was quoted in reference to the health reform, "The longer it takes, the uglier it gets."

This result is a problem for the cryptocracy. Their favored mode of bringing change is to create a crisis and then rush through their 'reforms.' But, it didn't work as well as they wanted this time. So what are they to do? The very worrisome reality is that they are undoubtedly concluding that it will take an even greater crisis to achieve their ends. They are therefore certainly now preparing an even worse crisis. 

When the cryptocracy will drop the next crisis on us is unknown, but be prepared.

Economic Crisis, in Today's News 01.22.10

Economic Crisis. The Obama administration proposed new limits yesterday on the size and activities of the nation's largest banks with the aim of reducing high-risk investing, and as a result the stock market crashed and the Wall Street Journal has a four-column page one headline today.

But, there is nothing new here. This type of proposal has been a central cryptocracy goal from the beginning of the economic crisis. Just last week Paul Volcker, who was present when Obama made the proposals, called for breaking up banks that do traditional banking and high-risk investing. Volcker is a prime spokesperson for the Rockefeller and Rothschild interests.

The cryptocracy is risk-adverse. They much prefer to set things up so that their wealth-production goes smoothly. They are willing to manipulate any and all factors to assure their profits are not at risk.

The cryptocracy therefore is not too happy when some of the key institutions that they use to control the nation's economy engage in investing activities that have the possibility of undermining the institution (read bank). They have been working for a couple of years now to find a way to prevent the banks from such high-risk investing.

The banks on their part resist because the high-risk investments can result in high-reward profits, which in turn mean big incomes for the bankers. 

The cryptocracy appears to have had enough of this nonsense. They are doing their best to change this situation. They want to reduce the high-risk investing and trim the bonuses and high salaries that create an incentive to do the high-risk activities.

The impression is given that the new proposals are more of Obama's heavy hand. But, he is only doing what he is told. That the cryptocracy is pushing this change so persistently and loutishly gives an indication of how seriously they think the situation is. They are very, very serious about there being no threat to their wealth.

Economic Crisis, in Today's News 01.15.10

Economic Crisis. Interesting. Paul Volcker, a prime spokesman for the cryptocracy and in particular the Rockefeller interests, was quoted yesterday saying that banks like J.P. Morgan Chase, Bank of America, and Citigroup ought to be dismantled. 

From today's Wall Street Journal: Volker said "that banks which blend high-risk trading with traditional consumer lending face 'unmanageable conflicts of interest' and should be broken up." [!!!]

The banks he is talking about are, of course, entities controlled by the cryptocracy and the Rockefellers. That he, on behalf of those interests, would call for the breaking up of their prime vehicles for controlling the economy, is of interest.

Most probably, the cryptocracy doesn't want these banks playing with and risking the riches of the very wealthy. The thought goes, if these banks want to do high risk investing they should do it through a separate corporate structure, which would then give the wealthy the choice to participate.

The Obama administration has made a pass or two at this break-up proposal without much success. Instead the present leaders are pushing for a regulatory way to control the risk-maniacs.

That Volker would make his statement now, indicates that the cryptocracy is less than pleased with the Obama efforts.

Bank of America, in Today's News 10.01.09

Bank of America. Well, they finally got their man. Bank of America Chief Executive Kenneth D. Lewis, under enormous pressure, announced he will resign. The cryptocracy has been trying to force him out of BoA from day one of the economic crisis.

Why the cryptocracy so dislikes the man is for them to know. They're certainly not going to tell us the real truth. But for months the cryptocracy has tried one foray after another directed at removing Lewis. He fought some of the attacks off, especially the congressional hearing stunt. But, it seems that the grind of constantly fending off these attacks got to him.

There is not much good to say about Lewis. What is significant about his case is what it reveals about the cryptocracy. If someone is not with the cryptocracy 100% and if they don't like you, the cryptocracy will stop at nothing to get rid of you, as Karzai in Afghanistan is about to find out.

Lewis was always sort of an outsider in the fraternity of bank leaders. The cryptocracy evidently felt they could not trust him in the new world of central planning.

One of the purposes of the economic crisis was to thin out the ranks of the banking and financial company leaders. The idea was to install executives who were tried and true loyalists to the cryptocracy. To this end an unprecedented number of executives have been show the door. Among them are Chief Executive Officers at Morgan Stanley, Bear Stearns, Merrill Lynch (fired by Lewis), Lehman Brothers, Washington Mutual, American International Group, Wachovia, and Citigroup.

If you thought the cryptocracy was not ruthless, think again.

World Government, in Today's News 09.25.09

World Government. Leaders of the world's leading twenty economies are about to take a decisive step toward the new world order and toward a world government that can over-rule national governments. Will anyone sound the alarm?

Today's Wall Street Journal details the plan in a page one article. The lead paragraph: "The Group of 20 nations is close to an agreement that would require [!!] members to subject their economic policies to a type of 'peer review'..."

"Also, the G-20 heads of state will announce Friday that the G-20 will become the permanent [!!] council for international economic cooperation, eclipsing the Group of Eight..."

"The potential agreement envisions a procedure where G-20 countries assess whether each others' policies are working, and the International Monetary Fund provides technical help." [Emphases added.] The agreement does not yet include enforcement mechanisms.

This agreement is the foundation event for a qualitative transformation of the world. The Talmudic and Masonic goal of a world government is now so much closer to realization.

The agreement calls for monitoring of national governments' economic policy. But once one monitors economic policy, one will eventually control economic policy and everything else. It will only be a matter of time until the formality of a governing oversight of all political and economic national policies is adopted.

The agreement says each country will monitor other countries. Fat chance of that happening. No, an international apparatus will be set up that does the monitoring and formulates the changes to be made by national governments. It is not hard to figure out which philosophical outlook will dominate such an apparatus.

The cryptocracy will be overjoyed at this development. They precipitated the economic crisis in part to set an atmosphere where an international governing body could be established, no matter how preliminary. And they have achieved their goal.

What enables the cryptocracy to get away with this step is the absence of an organized opposition. Most everyone, who might be expected to expose and challenge a world government, has been bamboozled by all the propaganda about saving the world economy. Even the Pope, who speaks for billions, actually came out in his last encyclical in favor of creating such an international oversight body. Never mind that a world government would be a disaster for the faithful and the rest of the world's population.

This is a sad day for humanity. Some time in the future, leaders will mark this event as the beginning of the final march to the new world order.

Is there an authoritative leader in today's world who will stand up against the danger? Is there a Joan of Arc today who is willing to fight for rulership of Christ the King and against the rule of the almighty dollar?

World Government, in Today's News 09.21.09

World Government. If anyone thinks that talk of a cryptocracy drive to establish a world government now is the product of a fevered imagination, try reading today's Wall Street Journal.

This quote is from a front page, top of page article on the G-20 summit, "The G-20 summit, the third such gathering in a year [!!], is shaping up as a test of whether industrialized and developing nations can function as a board of directors for the global economy." [!!!!!!][Emphasis added.]

"Leaders are working on ways to enforce commitments countries make..."

And from a page-two article: "This week, leaders of the world's 20 largest economies will launch a debate over how new financial rules can prevent a repeat of the Great Panic." 

"...global policy makers [exactly who are these people?] have sketched the outlines of a plan that will penalize risk-taking in a number of ways." [!!][Emphasis added.]

"'Implementation is always the issue,' says Timothy Adams, a former senior Bush Treasury official. 'If we wait even one more year, it may be too late [!!!!].' The sense of urgency will have faded, he says."

And so, another goal that the cryptocracy had in mind when they precipitated the economic crisis was to stampede the leading nations and the world's population into accepting a big jump to a world government, if not to the government itself. The first step is to establish some world agency that has authority to over-rule national governments on economic policy. When that agency is institutionalized, then the cryptocracy can move on to controlling political policies.

*****

Also today we learn that the cryptocracy is about to renew its drive to establish a world body that can govern environmental policies of national states. Page A8 of the WSJ today: "More than 100 world leaders, including Mr. Obama and Chinese President Hu Jintao, are scheduled to meet Tuesday at the 64th United Nations Genera Assembly to talk about fighting climate change..."

"U.N. Secretary-General Ban Ki-moon has made global warming a focus, and he is worried that the meeting won't move the ball forward toward a new global climate-change treaty in Copenhagen this December..."

******

So, hold onto your hats. The cryptocracy is moving rapidly, determinedly, and with all due diligence to establishing their world government.

Have no doubt of this!! We are very close to the nightmare that humanity has feared for centuries, the unaccountable global iron fist.

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.

Obama, in Today's News 09.15.09

Obama. The left tends to see Obama in messiah-like terms and the right tends to see him as evil-incarnate. The truth is that Obama is just a central employee of the cryptocracy and he does what they want. And right now his handling of several of the cryptocracy's projects is no doubt causing the cryptocracy some displeasure.

Twice in one week Obama has had to give speeches that he shouldn't have had to make. It is always a sign of trouble when the top guy has to intervene to try to salvage a project that a subordinate should have handled. Obama last week tried to save the health plan in a speech to congress and the nation, and to save the reorganization of financial regulation in a speech on Wall Street.

Both projects are high priority for the cryptocracy and both are stumbling badly. So bad that Obama is trying to make a last desperate gamble to save them. Especially with the health issue Obama is staking his political capital. His prospects for success are not great.

The health reform is now tied up in a myriad of disputes, objections, partisan politics, public opposition, and you name it. About all that Obama and the cryptocracy can hope for is to pass something that gets the health reform off the ground.

Obama's speech on Wall Street yesterday appealed for support for his plan to transfer powers to the Fed. Not one CEO of a top bank attended his talk in an amazing display of opposition and lack of respect!! That dramatic rudeness just about says all that needs to be said about Obama's prospects on financial regulation reform.

The cryptocracy precipitated the economic crisis in part to establish an atmosphere that would better enable adoption of the health reform and the financial re-regulation. Both reforms are crucial for the cryptocracy to ensure the security of their wealth-producing set-up. Obama's failure to shepherd these projects to a successful conclusion has to cause pause for thought about Obama among the cryptocrats.

Obama's difficulties are complicated by two other situations: Afghanistan and Iran. Very soon Obama will have to make a decision on how to salvage the deteriorating situation in Afghanistan. Any decision he makes will increase his problems. If he sends in more troops the American people and the left of his own party will object. If he leaves the situation to its own devices, he faces the possibility of a soviet-type debacle in Afghanistan.

The cryptocracy would very much like to see Iran brought to its knees so that the cryptocracy's mother country, Israel, will have dominance in the middle east. While the US and Israel both agree on what should be done to Iran in the long run, some tactical differences have emerged under the Obama regime. Probably what has happened is that Obama has far too many central projects to be able to spend time and effort on Iran. Thus he has consistently pushed for negotiations to gain some time.

Israel, on the other, hand is becoming quite impatient. Israel has, in effect, given the US until spring 2010 to do something or Israel itself will militarily attack Iran. Today's Wall Street Journal has a column by Bret Stephens, "Obama is Pushing Israel Toward War." Stephens diligently puts together all the Israeli threats to the US if the US doesn't act. The column is meant as a shot-across-the-bow for Obama.

********

Incidentally, Obama's speech on Wall Street contains a quote that is pure bluster and also almost a declaration of war on the street. "Hear my words: We will not go back to the days of reckless behavior and unchecked excess at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses."

One can almost hear the central bankers thinking, "Who the hell does guy think he is? 'Hear my words.' Give me a break!!!!" 

Behind the bluster, though, Obama is asserting that he is more powerful than the street, and he intends to exert that power. One wonders how he thinks he can carry this threat out. At the very minimum he has made permanent enemies of the financial chiefs, and he will face a stupendous political fight.

Economic Crisis, in Today's News 09.09.09

Economic Crisis. When the cryptocracy precipitated the economic crisis, one of their primary goals was to grant the privately-owned Federal Reserve more power, especially regulatory power.

So, how is that project going?

Today's Wall Street Journal (page 1): "...Democrats' efforts to rework the rules for finance have bogged down amid infighting between federal regulators, fury among bankers and opposition from many lawmakers who believe that further expanding the government's reach will only create new problems. The all-consuming debate over health care has damped enthusiasm for tackling such complex legislation." [!!!]

The cryptocracy can not be pleased. They thought they had a winner in Obama, but so far he is screwing up the health care reform, and the all-important Fed empowerment is all but finished. Plus, he is heading for domestic and foreign trouble as Afghanistan blows up in this face.

There is a scary side to all this. The cryptocracy made an economic crisis to accomplish these goals and many more. As the efforts by their employees to change things limps along, the cryptocracy is apt to conclude that they need an even bigger crisis to accomplish what they want.

General Motors, in Today's News 08.27.09

General Motors. General Motors cars placed exactly zero (nada, nothing, zip) cars in the list of the top ten cars bought in the 'cash for clunkers' program. In addition, General Motors sold about a staggering 14% of all cars bought in the program.

Interpreting the figures, one has to conclude that virtually no one wants GM products.

And the central planners in the Obama administration think they can solve this problem with a flurry of legal, administrative and cost-cutting machinations! Fat chance!!

The only solution to GM's problems is the same as it was before the Obama intervention: produce autos that the public wants.

The only way to produce same is hard and imaginative work over years and years. Do the central planners and the Obama administration have the patience (and the money) to see it through? We will see.

Obama, in Today's News 08.25.09

Obama. Jonathan Weisman has a commentary in today's Wall Street Journal on the controversy created by Attorney General Halder's appointment of a special prosecutor to investigate CIA handling of terror suspects. His lead paragraph is of interest:

"President Barack Obama is battling to save his health-care plan, fortify the war effort in Afghanistan, restart Middle East peace negotiations, lay the groundwork for sanctions against Iran, close the Guantanamo Bay prison, bring the U.S. into global climate-change effort, and end a global recession."

Weisman's point is that Obama has enough on his plate already without the Halder controversy. He quotes influential people in government to the same effect.

Weisman's list is a little padded with some not-so-important tasks. But the picture he paints is accurate. Obama faces far too many problems to make progress on any of them. Plus his credibility among the American public is plummeting.

Axelrod, Emanuel, Summers and the rest of Team Obama better get moving if they want this presidency to float. The next few months will be quite interesting!!!

Economic Crisis, in Today's News 08.04.09

Economic Crisis. Read these quotes, they're important in understanding the economic crisis. From today's Wall Street Journal, page one, "Treasury Secretary Timothy Geithner blasted top U.S. financial regulators in an expletive-laced critique last Friday as frustration grows over the Obama administration's faltering plan to overhaul U.S. financial regulations..."

"...the plan has been criticized by the financial-services industry, as well as by financial regulators wary of encroachment on their turf."

"Friday's roughly hour-long meeting was described as unusual, not only because Mr. Geithner's repeated use of obscenities, but because of the aggressive posture he took with officials from federal agencies generally considered independent of the White House."

"Mr. Geithner, without singling out officials, raised concerns about regulators who questioned the wisdom of giving the Federal Reserve more power to oversee the financial system."

One of the cryptocracy's central goals to be accomplished in the wake of the economic crisis they precipitated was to empower the Federal Reserve as the THE regulator of the financial world. This power-grab by the owners of the world's banks was chutzpah exemplified. 

And now the cryptocracy must be realizing that they didn't create a big enough crisis, because they have not intimidated the regulatory bureaucracy and the leaders of the financial world enough to go along with the cryptocracy's objective.

One of the rules of the modern political world is never underestimate the staying power of an established bureaucracy. And that is exactly what the cryptocracy did.

The frustration must be extreme as shown by the behavior of the otherwise mild-mannered Geithner. He is one of the central employees of the cryptocracy. His assignment is to manage the change-over in the regulatory world. His unsual performance at the meeting stems from the pressure his employers are putting on him to accomplish his assignment which is in danger of slipping away.

Government-Controlled Economy, in Today's News 07.27.09

Government-Controlled Economy.  Wall Street Journal page one headline today: "U.S. Pay Czar To Rework Contracts Deemed High" (!!!!!)

Well, they came close, only missed by 100 years or so. They meant to say "Commissar" not "Czar". 

"The role of the government in settling pay is reaching a pivotal moment. Seven banks and industrial companies that received significant bailouts must submit proposals for their compensation packages by Aug. 13.: Citigroup Inc., Bank of America Corp, American International Group Inc., General Motors Co., Chrysler Corp., Chrysler Financial and GMAC Financial Services Inc."

Central Executive Officers do not deserve sympathy, but try to imagine this: You are a CEO, you've devoted your life to a company, you've worked hard to be in the position you're in, you hired a team of people around you, you know them and what they can accomplish and contribute, and you put in much effort to ensure they get the pay that is appropriate.

Now comes along some bureaucrat who knows nothing about this history, knows nothing about your business, and knows nothing about your company. And now this bureaucrat is going to tell you how much to pay everyone, and in effect, is going to tell you how to run your company!!!

All this would have been unthinkable just two years ago!!!

Yet here we are, well on the road to an organization of the economy that very much resembles that of the former Soviet Union. 

It appears the cryptocracy is very, very serious about establishing this central government control of the economy. They did not tell us this was coming and they don't tell us now what the motivation is. Secrecy and manipulation are their method of operation.

Bernanke, in Today's News 07.21.09

Bernanke. Bernanke's last stand?

Federal Reserve Chairman Ben Bernanke was on Capitol Hill today for two days of testimony as he tries to keep Congress from interfering in the Fed.

The background: It was Bernanke's ineptness during the height of the economic crisis that got Congress all riled up. Now two-thirds of the House members are sponsoring a bill requiring far-reaching congressional audits of the Fed.

The private owners of the Fed don't take this threat lightly. They have had close to a century of doing exactly what they want without anyone looking over their shoulders.

Bernanke's testimony is his last ditch effort to save his reputation with the bank owners. Should he fail to stop the legislation, his days as Fed chief are over.

Bernanke is basically a university professor. He seems to lack the 'street smarts' needed to guide the cryptocracy's central control mechanism for the American economy. He does seem to be a risk-taker, though, and such people often come out on top.

Government-Controlled Economy, in Today's News 07.16.09

Government-Controlled Economy. Four column headline on Page C1 of today's Wall Street Journal, "U.S. Regulators to BofA: Obey or Else". Lead paragraph, "Bank of America Corp. is operating under a secret regulatory sanction that requires it to overhaul its board and address perceived problems with risk and liquidity management, according to people familiar with the situation."

The cryptocracy really has something against Bank of America. Their drive to get Chief Executive Kenneth Lewis and the bank is back in full-force after a short respite recently.

"The MOU (memorandum of understanding with BofA) is the most serious proedural action taken against Bank of America by federal regulators since the financial crisis erupted. Citigroup Inc. has been operating since last year under a similar order with the Office of the Comptroller of the Currency..."

The cryptocracy is dead serious about ruling through a government-controlled economy. Step by step they are bringing their goal into reality. If you don't go along, they will slap you with enforcement orders to make it impossible to do business unless you comply.

It seems that the centrally planned economy in the Soviet Union is the model that cryptocracy desires. The only difference now is that in the Soviet Union if you disagreed with an order from the central planners, you would be pushing up daisies. Here, so far, if you disagree, the central planners just make your life extremely difficult.

By the way, Kenneth Lewis is no pushover. So far he has countered every attack by the cryptocracy. When they tried to move Merrill Lynch wonder-boy John Thane into a position to replace Lewis, Lewis simply fired Thane. When the cryptocracy tried to use a congressional hearing to undermine Lewis, he adeptly turned the hearing against his accusers. 

All this Bank of America business may stem from the Merrill Lynch-Bank of America merger which the central planners strongly pushed. Evidently the planners had some specific ideas about what was to happen and Lewis had his own. A lot of bad blood occurred during the negotiations. Ever since the central planners have been trying to get their revenge.