Dusting off the Brown-shirts and Jackboots

[Guest guest]

http://www.informationclearinghouse.info/article11579.htm

 

Dusting off the Brown-shirts and Jackboots

 

By Mike Whitney

 

01/16/06 " ICH " -- -- The spiking gold market is a sure sign that the dollar is

headed for the dumpster. Large institutional investors are hastily moving

boatloads of cash into precious metals that promise to retain their value while

the hemorrhaging dollar goes the way of Icarus.

 

We’re finally beginning to see the effects of Bush’s profligate spending,

“unsustainable” trade deficits, and the economic master-plan to reorder American

society. And, don’t think that that the poker-faced Sam Alito doesn’t factor

heavily in this new paradigm of class-division and elite rule. He’s the last

vital part of the neocon strategy for tossing America’s struggling middle class

overboard and paddling pell-mell towards the shore of the new world order.

 

Gold had already doubled in less than a year when (two weeks ago) the bad news

started to dribble in. Since then the news of America’s burgeoning trade deficit

with China, China’s plan to move away from the weakening dollar, and finally,

the saber-rattling over Iran, have the big-time investors scampering for the

exits and gold prices headed through the ceiling.

 

Gold is the canary in the coalmine; it tells us when major investors see

structural vulnerabilities in the system and begin to bail out.

All I can say is, it took them long enough to figure it out.

 

The Bush team has been spending $400 billion more than it takes in in tax

revenues for 4 years, a practice it now wants to enshrine as “permanent tax

cuts”.

 

Huh?

 

Question: How can anyone argue that the plundering of America is not intentional

when deficits are defended as a “permanent” function of government?

 

Deficits are theft; and it is future generations that will have to pay for the

criminal largesse of the Bush administration.

 

Secretary of the Treasury John Snow announced just last week that the national

debt would have to be raised to $9 trillion by February to keep the government

operating. That means that Bush has generated a whopping $3 trillion dollars of

debt in just 5 years.

 

Unbelievable!

 

This is a strategy that is clearly designed to undermine the dollar and shift

middle class wealth to the lucky 1% that Bush serves. It conflates perfectly

Greenspan’s plan to sluice zillions into the economy through low interest rates

and flawed lending practices ($0 down payments on homes; interest-only loans;

ARMs) which create massive bubbles designed to purge the middle class of their

hard-earned savings.

 

The stock market bubble alone moved $7 trillion from (mainly) middle class

investors in retirement funds and IRAs into the pockets of the cigar-chomping

plutocrats in Bush’s inner circle. With housing prices on a downward trajectory,

energy going up, and the dollar destined for life-support; we can expect to see

a growing line at the food-banks and homeless shelters.

 

No kidding. America is marching in lockstep towards a depression that was

planned at the highest levels of government.

 

Deregulation has produced a trade deficit that requires an infusion of $2

billion dollars (or 6.8% GDP) every day just to keep the good-ship Bush afloat.

When the flow of borrowed money slows, the dollar will crash to earth like

Humpty-Dumpty leaving wreckage strew throughout the American heartland.

 

Why else would Bush claim the extraordinary powers of a dictator?

 

In just months Bush has claimed that he has the right to incarcerate citizens

without charging them with a crime, torture prisoners, unilaterally declare war,

and spy on Americans.

 

Why?

 

Is Bin Laden somehow weakened by the steady erosion of civil liberties? Or, is

the White House cabal anticipating massive civil disorder from their planned

economic meltdown?

 

Even Greenspan has warned that the present path is “unsustainable”, and darker

days are just ahead. Regrettably, the administration has seized all the levers

of power and is prepared for the worst.

 

Alito is the final piece in the neocon puzzle; the cornerstone for an American

police-state. If he is approved by the Senate, Bush will have his Federalist

“rubber-stamp” on the high court and the Congress will be rendered powerless. No

law will be able to check or balance the “unitary” authority of the executive.

 

It may be time to dust off the brown-shirts and jackboots; looks like they may

be back in style.

 

 

 

" When the power of love becomes stronger than the love of power, we will have

peace. "

Jimi Hendrix

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