Challenge of 2012

We are near the end of a long road and the country will experience a systemic death spiral before it is reborn under a different system according to many post-keynesian and austrian economists.

The systemic death spiral is not related to war in Afghanistan or Iraq, Libya or Syria. Rather, it is a reference to the internal stress between patriots that believe in and support American sovereignty and those that undermine it through the transfer of the locus of political power and decision-making to private transnational banking cartels — the modern day ‘Temple Money Changers’.

The reality of American political discourse is that few say what they mean or mean what they say. Thus, the challenge is not external but rather internal. The internal challenge to the polity comes from policy derived of barren social, cultural, political and economic analyses.

Fundamentally, the thesis presented on these pages is that the federal reserve, a private central bank that controls US currency and its banking and financial global tentacles — the multinational shareholders, and the banking and financial sector corporate allies, has undermined US sovereignty.

For decades, and in a more concerted fashion beginning in 2001, the federal reserve shareholders led by federal reserve board chairmen endorsed a huge easing of credit that has had as a consequence the gradual penetration of and takeover of the sovereignty of sovereign nation-states by making national borders increasingly porous. Over the ensuing years, credit issued by major world banks, implicitly backed by the federal reserve, skyrocketed resulting in public and private debt now reaching four (4) times the gross national product (GDP). It was a phenomenon that has resulted in the capturing of weaker sovereign national labor. This capture has increased the influence and leverage of banking interests over the US government through the profit margins created by bankers and traders in the system.

The tipping point for this takeover was reached in 2006 culminating in the massive transfer of wealth from the public sector to banks in the period 2007-2011. The transfer continues into 2012 abetted and enabled by political leaders in the US because of the failure to understand the phenomenon.

Most citizens do not know this is happening and continue to be influenced by corporate media and free market assumptions relative to ‘equilibrium’, an economic philosophy that assumes the financial and economic system tends towards dynamic equilibrium of supply and demand. This equilibrium theory purports to ensure stability in economic exchange processes even as globalism strengthens its grip. As a result of this belief there is a normative preference for free trade and market globalization – the motor of the transfer of wealth and technology away from the US.

The theory is flawed in that the globalization process does not tend toward equilibrium as neo-keynesians assume neither does it empirically reflect free trade definitions.

The consequence of easy credit has been to engender a new financial order that integrates global sovereign nations into a quasi-unified financial system. The immediate result has been to create greater support for globalization within the US public at the expense of national sovereignty and public control of economic development.

The emerging reality is a nominal sovereignty of nations while intervention of financial institutions into national budget processes and policies are increasingly legitimized on the basis of sovereign fiscal obligations and defaults. These sovereign defaults or threat of defaults provide the justification for the federal reserve to ‘oversee’ national fiscal policy through various international financial institution intermediaries. This ‘World Bank’ Cartel is comprised of extensions of the Federal Reserve: IMF, the Central Banks of England and the BRIC nations and other mediate groups such as ESFS and emerging currencies e.g. SDRs.

As the fiscal policy takeover is consolidated, a single currency will likely issue and sovereign nations “in default” will be required to adjust their national policies to reflect the new realities that will complete the transfer of public wealth and sovereign political power to supra-national financial policy makers in the private banking sector.

However, there will be no overt attempts to take over the legal and legislative functions directly because of the strong nationalistic impulses around the globe. Nonetheless, there will be some exercise of this option in the intermediate term through non-elected technocrats.

Across the globe and in the US, laws are emerging to control internal sovereign stresses as the financial integrative processes enfold e.g. the US Patriot Act 2001 that reduces individual rights (individual sovereignty), the refusal to allow voting on the Greek 2011 austerity package (national sovereignty), the 2010 US Supreme Courts decision to rule that corporations are “people” and, thus, have a right to engage the political systemic through lobbying (proffers legal standing before the law to financial sector entities), the 2011 Central Banks coordinated funding of world financial institutions outside the affected national political structures (national sovereignty) and Senate Bill 1867 of 2011 that allows denial of right to trial and indefinite detention of American citizens (individual sovereignty.

Austerity packages, that maintain a high level of conflict among various competing interest groups will provoke a great deal of intranational unrest, will be introduced to provide a powerful leverage to the financial sector against larger sovereigns with democratic institutions such as the US. Citizens that may wish to maintain policy control in the their hands and, by extension, of our nation will be faced with difficult choices.

All the while, the World Bank Cartel will be fomenting (hyper)inflation through federal reserve money printing, thereby, weakening the reserve currency – the US dollar in an ‘end-game’ tactic to consolidate global fiscal union.

Defend American Sovereignty through the Embrace of Liberty

The most important strategic steps, to Protect and Defend America and our Constitution and undercut the financial institutional challenge to US sovereignty, are simple and politically very difficult:

1. Eliminate, implicit and explicit, Too Big To Fail guarantees to financial and banking institutions;
2. Take control of US currency and, also, write down the debt to the Federal Reserve;
3. Protect citizen sustainability – Social Security (Maintain social safety net);
4. End Free Trade and Rebuild America;

The articles on this website treat various aspects of this multi-pronged approach to restoring sovereignty and defending the Republic against an emerging fiscal reality which is a threat to the very existence of the US.

Fundamentally, this collection of analyses and ideas is a call to all Patriots – Americans that have faith in our Constitution – to rise up to defend our Liberty and our Country.

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