ABSENT IN GEITHNER'S BANK PLAN / TRUTH AND TRANSPARENCY
What's absent in the Obama / Geithner's "financial stability plan" is Truth and Transparency which were also missing in the Bush / Paulson Bank Bailout of 2008. The major banks in America are insolvent and economic chaos lies ahead from which could well emerge ~ the dreaded New World Order: Allen L Roland
What investors are looking for now in the Obama administration and stock market is truth and transparency ~ and Treasury Secretary Timothy Geithner delivered little of either yesterday in announcing his long awaited ' Financial Stability Plan' ~ which was met with a 388 point sell off in the Dow Jones Industrial Average yesterday and a lackluster rally today.
What was missing was the answer to three issues at the heart of the crisis: Will banks saddled with toxic debt be forced to fail? How will illiquid assets be removed from bank balance sheets? And what will be done to arrest the decline in house prices that triggered the financial chaos ?
It appears that TARP 2 is TARP 1 with two layers of fresh paint. Keep in mind that While the Obama Administration is pledging up to $2.5 trillion in support for the troubled U.S. financial system, 56% of Americans oppose giving bankers any additional government money or any guarantees backed by the government. Rasmussen Reports and Polls 2/11/09
Robert Borosage nails it when he writes today ~ " Faced with the failure of the Paulson / Bernanke banking bailout, the Obama administration has decided to double down. The new plan, described in broad outline by Treasury Secretary Tim Geithner on Tuesday, antes up another $1.5 trillion or more to keep the banks afloat. But it won't convince many that they are seaworthy ~ The plan won't admit where we are: the major banks in the US are insolvent" http://www.ourfuture.org/blog-entry/2009020711/cant-get-there-here
Peter Coy, Business Week, writes that " In an effort to come up with a politically appealing plan, President Barack Obama and his team obscured the answer to the most important question: Who loses? " http://www.businessweek.com/bwdaily/dnflash/content/feb2009/db20090210_833896.htm?chan=top+news_top+news+index+-+temp_top+story
Isn't that what happened during the Bush/Cheney administration when the economy tanked as no one took accountability and the only ones who lost were the American taxpayers.
There is a sickening feeling I'm beginning to experience that behind this obvious subterfuge is the planned demolition of the American Constitution and financial system ~ from which would emerge the long awaited New World Order.
Chuck Baldwin makes the same point in his article of February 10th ~ where he writes ~ " In other words, ladies and gentlemen, America is being run by a private banking cartel, the majority of whom are not even citizens of these United States. Ever since the Fed was created in 1913, America has been subjected to recession after recession, not to mention one Great Depression. Some are even predicting that the United States is now actually entering a second Great Depression. Please understand this: the Federal Reserve has manipulated every bit of this financial crisis for the express purpose of enriching the international bankers on the backs (and bankruptcies) of the American taxpayers. And what does our illustrious Congress do? They continue to give billions and even trillions of taxpayer dollars to the very same group of gangsters who created and perpetuate this financial fraud. And, as with Congress, Presidents from both major parties likewise promote and defend this chicanery." President And Congress Grovel Before The Fed http://www.chuckbaldwinlive.com/c2009/cbarchive_20090210.html
The Fed, as such, could well be creating the conditions for a one world government and a New World Order with a one world currency ~ where the United Nations is effectively marginalized and the Federal Reserve reigns supreme.
For your information ~ The Fed (which is not even a government agency, but rather a private corporation consisting of mostly foreign bankers and answers to no one) dictates America's financial policies and is the obvious conduit for the banking elite to control the world and, in particular, the New World Order.
Sound far fetched ? I think not and certainly not after you watch this engrossing 40 minute online mini-documentary on the New World Order. It exclusively details information from Core of Corruption and it shows video news segments which have never before been available on the internet and no one has seen . http://video.google.com/videoplay?docid=7817109040843835804
What we desperately need is not a New World Order based on power and greed but, instead, a New World Consciousness based on altruism and social cooperation.
Allen L Roland http://blogs.salon.com/0002255/2009/02/11.html
Freelance Alternative Press Online columnist and psychotherapist Allen L Roland is available for comments, interviews, speaking engagements and private consultations ( allen@allenroland.com )
Allen L Roland is a practicing psychotherapist, author and lecturer who also shares a daily political and social commentary on his weblog and website allenroland.com He also guest hosts a monthly national radio show TRUTHTALK on www.conscioustalk.net
