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Even the Insiders Realize the U.S. Economy is in a Meltdown



And if that doesn't worry you, then maybe you should read Helicopter Ben Unleashes Dollar Hyperinflation. Here are a few of the headlines from that essay:

FED ATTEMPTS TO BAIL OUT BANKRUPT WALL STREET SPECULATORS; CHENEY DEMANDS STAGED TERROR ATTACKS, WAR WITH IRAN

WALL STREET DERIVATIVES MONSTERS ­ TOO BIG TO BAIL OUT

DOW 36,000 IN SIGHT ­ THANKS TO HYPERINFLATION

DEATH AGONY OF THE US DOLLAR

NO MORE ZERO INTEREST LOANS FROM TOKYO

PANIC DUMPING OF DOLLAR AND HYPERINFLATION LOOM

THE PAULSON-BERNANKE PLUNGE PROTECTION TEAM IN ACTION

SYSTEMIC BREAKDOWN CRISIS

NOT JUST ONE BANKRUPT HEDGE FUND, BUT TWO DOZEN -- FOR STARTERS

THE TIP OF THE ICEBERG: FINANCIAL INSTITUTIONS IN TROUBLE

HOW TO STOP THE DEPRESSION

THE UPTICK RULE OF 1934 ABOLISHED ­ JUST IN TIME FOR THE PANIC

WORLDWIDE ASSET BUBBLE

THE COLLAPSE OF AUTO AT THE ROOT OF TODAY'S CRISIS

BREAKDOWN STAGE OF GLOBALIZATION

THE FOUR TRILLION DOLLAR HEDGE FUND BUYOUT ORGY OF 2006

CONTRACTION IN REAL ECONOMIC ACTIVITY IN THE USA

HARBINGERS: FREIGHT CAR LOADINGS DOWN 4.2%; TRUCKLOAD VOLUME DOWN 5%

SLAP A SECURITIES TRANSFER TAX ON WALL STREET

CREDIT FOR JOBS AND PRODUCTION, NOT FINANCIAL BAILOUTS

NEEDED: CHEAP FEDERAL CREDIT FOR REAL PRODUCTION

CHENEY'S THERMONUCLEAR BAILOUT
The disintegration of the dollar system is ultimately one of the strongest factors impelling Cheney's controllers ­ meaning the George Shultz-Rupert Murdoch faction of the US-UK ruling elite. From Cheney's point of view, an economic depression requires drastic austerity measures to drive the standard of living down even further below its present reduced level, with the proceeds going to the finance oligarchs. Can these cuts in the standard of living be accomplished under the present system? If not, what kind of dictatorship can be used to impose them? This is, after all, the reason the German financiers like Schacht turned to Hitler. The Cheney doctrine calls for a staged terror attack in the US using WMD, followed by an attack on Iran and the declaration of martial law under Bush's many executive orders. As I pointed out on July 21 in my "Cheney Determined to Strike in US with WMD this Summer," there are many signs that the neocon group is driving hard to implement the Cheney doctrine this summer.

Thom Hartmann has reported on Air America that lawmakers with whom he has spoken report that the US intelligence community continues to issue warnings to the Congress that a new terrorist attack is coming. According to one unconfirmed report, a US Senator is reported to have told an impeachment activist that the Democrats could not impeach Bush-Cheney, because the senators were being threatened with "them blowing up seven US cities" ­ a possible reference to statements by Juval Aviv, a veteran Israeli intelligence fixture. Aviv warned on August 2 that there would be a new terrorist attack on the US within no more than 90 days, with multiple targets: "What they're going to do is hit six, seven or eight cities simultaneously to show sophistication and really hit the public. This time, which is the message of the day, it will not only be big cities. They're going to try to hit rural America."

The McClatchy newspaper chain is reporting that Cheney is continuing to push behind the scenes for an attack on Iran: "Behind the scenes, however, the president's top aides have been engaged in an intensive internal debate over how to respond to Iran's support for Shiite Muslim groups in Iraq and its nuclear program. Vice President Dick Cheney several weeks ago proposed launching air strikes at suspected training camps in Iraq run by the Quds force, a special unit of the Iranian Revolutionary Guard Corps, according to two U.S. officials who are involved in Iran policy."(Warren P. Strobel, John Walcott and Nancy A. Youssef, "Cheney urging strikes on Iran," McClatchy Newspapers, August 10, 2007)

A MIRROR FOR CHENEY: THE FÜHRERKONFERENZ OF AUGUST 22, 1939

IS A STRIKE WAVE COMING IN THE US?
Forty years of passivity, demoralization, apathy and defeat weigh heavy on the US population. But the mass strike may not be as far away as is generally supposed. A veteran organizer for the United Auto Workers observed in the 1980s that Americans were never going to rise up in mass action, because they were too concerned that one missed paycheck would result in eviction from their homes. Suddenly, 10 million or more have nothing left to lose, and they may soon be joined by many more. A mass strike cannot be decreed by bureaucrats, nor is it totally spontaneous. It requires thorough preparation, but it is likely to be detonated by an outside event, often of the most unpredictable type. The only thing to do is to keep up a campaign of mass political education about the vast possibilities of a general strike, especially in response to an illegal war and/or an unconstitutional dictatorship, of the type which Cheney's controllers so ardently desire.

posted by LoZo 5:06 PM