Showing posts with label government-controlled economy. Show all posts
Showing posts with label government-controlled economy. Show all posts

Friday, December 4, 2009

Bank of America, in Today's News 12.03.09

Bank of America. The Bank of America was one of the central targets of the cryptocracy when they precipitated the economic crisis. From the beginning, enormous pressure was put on the BoA to change their ways and, in particular, to get rid of Kenneth Lewis, the chief executive officer.

One can only speculate on why the BoA was put in this position. It may have something to do with the fact that the BoA, a central and mammoth financial entity, is not one of the big stock-holders in the privately-owned Federal Reserve. And thus, the Rothschilds had a somewhat reduced ability to control the BoA through their machinations in the Federal Reserve.

Whatever the motivation, the cryptocracy succeeded in forcing Lewis to resign. 

The task then became to find a CEO to run the BoA, who would be an exclusive Rothschild man. And here the cryptocracy was hoisted on its own petard. They had gone to great lengths to limit and reduce the salaries of some financial companies, particularly BoA, in an effort to pressure the companies to better toe the line. But now, the salary-limitation rules got in the way of hiring the new BoA CEO. There simply was not enough money to attract the candidates they wanted.

What to do, what to do? Again, it was simple for cryptocracy. Just change the rules. Today, it was announced that the BoA was the first financial institution to reach agreement with the government to repay the bailout money and escape the pay restrictions imposed by the government.

Amazing, isn't it? The cynicism of these people defies definition. 

General Motors, in Today's News 12.02.09

General Motors. When the central planners decided to take over General Motors, Frederick "Fritz" Henderson, a veteran GM executive, played a key role. He turned on his boss, Chief Executive Officer Rich Wagoner, a man who had been central to Henderson's advancement in GM, and joined the cryptocracy attack brigade. 

Henderson stepped forward and took the job of CEO, repudiating Wagoner, the GM policies of past times, and, in effect, his own history. He worked hard to play the game and do what his masters wanted, all with a smirk on his face.

And so, what was his reward for such craven loyalty to the cryptocracy? Yesterday, the government-appointed GM Board of Directors forced Henderson to resign!

Moral of the story: If you are going to play along with the cryptocracy you better know what you are doing. Appreciation for loyalty and work done is not the cryptocracy's strong suit. Their mode of operation is to cynically use people until they are used-up, and then just dump them.

Saturday, October 31, 2009

Government-Controlled Economy, in Today's News 10.28.09

Government-Controlled Economy. The great Rothschild power grab, otherwise known as the economic crisis of 2008-09, continues its audacious program of theft. 

Now they are on the verge of Congress giving power to the Federal Reserve System to police the country's largest financial companies, including the ability to seize and break up failing companies, and to order large firms to shrink.

Rothschild agents and front men were instrumental in the formation of the Fed early in the last century. The Rothschilds attained predominant control of the Fed decision-making then and they have not relinquished it since.

The Fed is a private organization that is owned by the largest banks which are in turn owned by the Rothschilds and others of their ilk. The Fed tries to present itself as a government agency because the Fed director is appointed by the President and approved by Congress. But the government has no shares in the stock of the Fed. The Fed's decision are strictly in the interests of the families which own it.

The economic crisis was precipitated by the bank owners with the aim of transforming the American economy into a government-controlled economy with the Fed as the principle instrument of the government. Soon after the crisis began the Fed sought to reform the entire financial regulatory arrangement in the economy to give the Fed the central and pivotal role. When this effort became stalled in Congress, the Fed just reread their own rules and decided they already had the power to oversee the banking sector.

Now the Fed is striving to attain even greater powers. The legislation under review would give the Fed the power to direct any large financial holding company to sell or transfer assets or stop certain activities if the central bank determined there could be a 'threat to the safety and soundness of such company or to the financial stability of the United States.' The proposal would also require financial firms to pay for the unwinding of a collapsed competitor.

The Obama administration has taken significant steps toward consolidating a government-controlled economy. The Obama people have done their best to meet the Fed demands. They have made unprecedented forays into major corporate entities, such as General Motors. They have established various 'czars' to oversee aspects of the drive to a planned economy, including a pay czar who decreed unilaterally and without appeal that bank salaries were to be cut drastically.

The Rothschilds and the other families and forces at the pinnacle of world power are intent on changing the American economy into a centrally-controlled economy under their iron fists. They show no signs of relenting until they get their way. And everyday the American economy looks more and more like a soviet economy in formation.

The Rothschilds already control the central economic units in the United States through their agents on the boards of directors. Now they are looking to have the ability to step in and rearrange the corporate world at their whim.

The ultimate aim is to create a world-wide fortune-creating machine under the control of the Rothschilds with the world's population serving as the wage slaves under tight control. They are well on their way to achieving their goals.

The Rothschilds' constant effort to rule the world is the most important development in the world today and for the foreseeable future. Anyone who is seriously trying to preserve and promote what is good and righteous in the world, must start their considerations with the reality of the Rothschild drive to control the world. One's appreciation of any event in world politics must start from the context of what the Rothschilds are trying to do.

And so we come back to the Church. The teachings of Jesus are the only antidote to the world of mammon promoted by the Rothschilds. But those teachings only have a minimal effect if the Church leaders and hierarchy do not comprehend what is happening to the world, and how the Rothschilds plan is an extreme danger to the Church and the faithful.

The Pope is about to have his third synagogue spectacular when he visits the synagogue in Rome. Such actions play right into the hands of the Rothschilds. The actions enable the Rothschilds to proceed with their grand plan with minimal opposition, and especially without the opposition of the one power in the world that can stop them -- the power of the Savior.

Were the Church leaders and hierarchy to orient the Catholic world toward establishing the world rule of the teachings of Jesus, the world would look very different, and the Rothschilds would have met their potential nemesis. There was a time not too long ago when the Church leaders attempted to bring the world to an understanding of the way of Jesus as the only means of saving the world and the world's population. 

There is no higher priority than bringing the Church leaders back to this orientation.

Friday, October 23, 2009

Government-Controlled Economy, in Today's News 10.23.09

Government-Controlled Economy. The deed is definitively done!! The Obama administration has just taken the decisive steps that transforms the American economy into a government-controlled economy.

First, yesterday the Obama pay czar, who by the way has no constitutional authority, cut bank executives salaries by 50%. 

Today, the Federal Reserve exercised its newly found enforcement powers to aggressively regulate compensation at thousands of lenders.

The Wall Street Journal observes (page one, today): "...[the] separate announcements by the Federal Reserve and Treasury Department represent unprecedented federal intervention in pay decisions traditionally left to boards and shareholders." [!!!!!]

Thus, a central aim of the cryptocracy is achieved. The economic crisis was precipitated in part to centralize, economize and control the corporate entities that are siphoning off way too much money for salaries, etc. That income is supposed to go to the cryptocracy.

And so, the United States now has an economy that in formation looks like that of the Soviet Union. 

Most Americans are unaware how much life in the country has actually changed. Unlike a generation or two ago, Americans are now hemmed in by regulations, controls and bureaucracies that govern every aspect of life. Employment compensation is now under the thumb of the Fed and the czar. The medical profession is bound by insurance rules that affect every person. 'News' of the world is strictly governed by a few media giants that tell anything but the truth. Acknowledgement of the ten commandments and other religious symbols as foundations of civilization are forbidden. The government even aspires to tell people what constitutes a marriage.

Along with the soviet-ization of the country, Stalin-like behavior and tactics in politics are becoming prevalent. Kimberley Strassel has an excellent column today on this growing phenomenon, although she doesn't call it Stalin-ization. Titled "The Chicago Way," it is a must read. The best quote is the lead sentence: "When Barack Obama promised to deliver 'a new kind of politics' to Washington, most folk didn't picture Rahm Emanuel with a baseball bat"  [!!!!!]

Tuesday, July 28, 2009

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.

Friday, July 17, 2009

General Motors, in Today's News 07.16.09

General Motors.  Here is a good one: : "GM Seeks Younger Fans For Buick" (today's Wall Street Journal page B2 headline).

The central planners in their arrogant manner thought GM would be easy to transform. All that was required was to drive out the CEO and the board, put GM in bankruptcy, create a new good GM and a bad GM, install a no-nonsence CEO, and wallah, GM makes money.

There's just one problem: The GM cars don't inspire potential buyers. WSJ: "With the average U.S. Buick owner older than 70 [!!!!!], GM is trying to figure out how to attract new buyers, particularly young, more affluent ones. Buick's brand chief acknowledged Wednesday the strategy will be an uphill battle." [Emphasis added.]

Susan Docherty, chief of the Buick-Pontiac-GMC sales channel: "You talk to people in their 40s and 50s and they know it [the Buick brand]. But they say, 'This isn't for me.'"

All the machinations of the central planners runs headlong into the unpopularity of many GM brands and models, especially Buick. It will take years to redesign the models and to find a customer base for them. There is no central-planner machination that can change that reality.

And so there is not a whole lot of difference between the former GM and the new GM in terms of its ability to perform in the market. And it is this fact that will undermine all the central planners' ambitions for GM.

Friday, July 10, 2009

Government-Controlled Economy, in Today's News 07.10.09

Government-Controlled Economy. Three news items today illustrate how far the new government control of the economy has proceeded:

***General Motors. Page one Wall Street Journal: "The new General Mortors Co. is poised to exit Chapter 11 as soon as Friday morning...The chances of a sustained turnaround hinge on a revamped board of directors the government has installed, in particular the new chairman Edward E. Whitacre Jr. The former AT&T executive was hand-picked by government's auto task force. He was charged with keeping a tight watch over GM management and its performance..." [Emphasis added.]

***Citigroup. Page one WSJ: "Citigroup Inc. shuffled its senior executives, including removing its finance chief, as it tries to appease U.S. regulators worried about its financial health and Chief Executive Officer Vikram Pandit's management team." [Emphasis added.]

***AIG. Page one WSJ: "AIG is asking the Obama administration's new compensation czar whether it should pay previously agreed-to retention bonuses." [Emphasis added.]

All the flowery talk about the beauty of capitalism, fair play, and competitiveness is pure b.s. All that the cryptocracy cares about is having absolute command of the economy so that their wealth generation is not threatened or interrupted. The cryptocracy's power grab in the wake of the economic crisis has meant a decisive turn in American political and economic life to central government planners now exercising control over all major decisions in key sectors of the economy: banking, auto, and insurance.

Any resemblance to the Soviet Union, the politburo, and its central-planned economy is purely accidental. [Sarcasm.]

And remember, it was not more than a couple of years ago that corporations could actually run their own businesses and make their own decisions.