Shining a Size 9-11 Shoe for Mother England's Boy, John McCain

How could a widely read journalist like Floyd Norris from the NY Times get away with saying, "It's a Crisis, and Ideas are Scarce?" Indeed, given the extraordinary nature of the moment in which we are living, what does one make of a so-called "journalist" who "did not anticipate the severity of the credit collapse?"

Who does Mr. Norris think he is kidding? Anyone who over the past twenty years has watched private credit markets inflate assets like so many circus balloons knew the game of leveraging finite collateral could not go on forever. Is he blind to history and, furthermore, completely oblivious to what it means to be an American?

Yes, this must be it. Let me guide you onward through the fog...

Who is ex-Federal Reserve Chairman Paul Volcker speaking for when he says, “Any return to heavily regulated, bank-dominated, nationally insulated markets is pure nostalgia, not possible in this world of sophisticated financial techniques made possible by the wonders of electronic technology?”

Which world financial capital has long established no government should "require the derivative markets to be made more transparent," thus making Volcker's advice (quoted here) a simple demonstration of how one proposes closing the barn door after letting the horses out? What makes his call for greater regulatory oversight anything more than skillful CYA obscuring the critical role derivatives have played in perpetrating a financial fraud of John Law proportions?

What does Volcker accomplish when he says, “For financial regulation in general, competition in regulatory laxity cannot be a tolerable approach?” Indeed, are there not issues much larger than "regulatory laxity" responsible for the predicament we find ourselves in? What of regulatory measures that have effectively enslaved consumption to an ever increasing mountain of debt, achieving this largely by allowing production to seek out its cheapest, least capital intensive supplier (which, in fact, are the "fruits" of globalization)? Was it not this same Paul Volcker whose legacy as Fed Chairman was to take a wrecking ball to the American dream, elevating monetarist financial dogma above the means by which a prosperous nation ensures its posterity?

What is worse: an "old-fashioned socialist" or a dyed in the wool fascist? If the latter, then was Franklin Delano Roosevelt the former?

And finally, when you call people like George Shultz "friend," what does this make you? (Hint: it's not an "old-fashioned socialist.")

Who is in control here?

Floyd Norris is half correct; we are facing a crisis. There are a lot of people who realize this, too. In fact, I am astonished by the degree to which knowledge about the danger we face is out in the open. I guess it is because many saw it coming. We should all be grateful for the internet.

Trouble is most generally fail to understand the historical context of this crisis. Indeed, all too many are conditioned to thinking only inside the box. This, I suppose, is precisely why the likes of Floyd Norris believe "ideas are scarce."

Regrettably, most people understand woefully little about the nature of tyranny — particularly its greed-laced financial manifestation — that led the United States to rebel against Great Britain and establish its Constitutional Republic.

It seems all too few Americans appreciate how far we have sunk as a nation — how much potential we have squandered — and how this financial crisis we are facing is the rightful result of our mass acquiescence to contemptible lies, the likes of which, indeed, formerly led honorable men to issue a Declaration of Independence.

So, what is the nature of this inside the box thinking captivating far too many Americans? Well, let me enlighten you with a question:

Why are most so-called respectable authorities fond of citing Adam Smith and oblivious to Alexander Hamilton?

You see, everything inside the box of the present historical moment — particularly the reasoning most every institutional element of our national fabric forces down our throats (like, for example, a free press claiming "ideas are scarce") — is largely (if not entirely) confined within the tradition of Anglo-Dutch Liberalism. There is no escaping this truth. Nor is it inconsequential. This foreign, purely oligarchical ideology so infects us politically that a virtual vacuum exists between the practical reality defining the crisis bearing down on us and the principles upon which our nation was founded.

All that we have become — consumed now in crisis — is everything we were once formed to oppose. The roots are so deep the likes of Floyd Norris, Paul Volcker, "Henry Potter" Paulson, Alan Greenspan, Barney Frank, Chris Dodd, John McCain (and most everyone who is anything in Washington and New York) have become disconnected with our nation's historical place, and so, are perfectly conditioned to react accordingly because their courage only goes so far as to operate within the confines of an arrangement that is corrupt to its core.

And therein lies grave danger. So, I'd like to present one frightening scenario suggesting how events might unfold.

Brace yourself. This might strike you as highly improbable. And it is! Indeed, you might just think I am crazy for even suggesting it could happen. However, this scenario is entirely within the realm of realistic possibilities at this extraordinary moment in time for two simple reasons.

First, the cake that has been baked into contemporary social arrangements arguably is a poisonous concoction whipped up by some of the most crooked cowards as have ever walked the face of the earth. The crisis we presently face conclusively proves this! It never should have been allowed to get this far. If you do not "get it" yet, soon enough you will. Chances are you will cry for being so blind, too.

The second reason I have for presenting this frightening scenario is because recent history provides unmistakable proof it could, indeed, happen again.

Is the Second, Size 9-11 Shoe About to Fall?

It could happen in Baghdad, Jerusalem, Islamabad or Tehran: anywhere our generation's neo-colonialists have made it their business to impose a direction contrary to the spirit of the American Revolution.

Heck, it could be Paris, Berlin, Moscow, Beijing or Tokyo, among other places. Truth is New York and Washington D.C. have been shown vulnerable — in a nation possessing the most powerful military on earth. Anything is possible now.

Expect whatever might be ... to occur wherever the purpose of accelerating the drive toward all-out war might best be served ... and, of course, for events to be rather distressing.

You do see how the world's contingent of cowards calling themselves "leaders" are purposely being moved in the direction of all-out war, don't you? Think about it. Where is talk of peace and progress? Of lasting victory and its means, against benchmarks older than Korea? Where is principled discussion and debate in this so-called open society? This Congress is made corrupt by its ineptness! Ladies should lead? We'd better hope Pelosi is a TV! (She's from San Fran ... so, I like our odds.)

The one thing I do suppose is all the ducks are in a row for some dramatic act of modern warfare to shock the world. Volcker might be a tolling bell announcing why "sacrifice" is the order of the day. What other alternative is there given such cowardice (born of ignorance, let's hope) as proceeds from a so-called free press preaching conformance to a political environment that is in many minds obscene? What greater vulnerability does Nature need to thoroughly assist corrupted institutions, both public and private, in furthering acts of war and aggression?

Now that a crisis is broadly recognized, imagine hard sacrifice that might be necessary for continuing the perpetuation of an intention, wildly beneficial to a few, which further reduces the U.S. middle class by dragging it into an environment where their suffering could be made to expand further with blood and still little resistance.

The trend is your friend.

Danger, Will Robinson.

Gone are the days when the launching of some violent event means we should be looking for tanks, artillery and men amassing at some border about to be breached. Recall the shock of September 11, 2001. Whether imminent or not, another stunning attack simply should not be considered a long shot, particularly given the gravity of the financial/economic crisis we face.

I could not possibly elaborate much beyond the broad-brush perspective I have chosen to present here. What I understand — what I see well enough with my own eyes — is certain influential interests are not about to allow another intelligent, determined fighter of international fascism, like FDR, to reverse the present course toward self-destruction the United States seems firmly set upon.

So to conclude here, I believe the financial crisis is quite real. I also believe there is intention behind it. Yet, its vulnerability is deep. Thus, this crisis is easily solved anchoring our souls in our nation's rich history.

Or ... for those who like more contemporary visions, I give you Frank Pantangele: "Let's hit 'em all now, Mike, while we still got the muscle."

If I am crazy, blame the Elliott Wave...

Even Kings Live and Die by the Golden Rule