Demons & Dialog

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Media and Congressional Smoke and Mirrors/The Real AIG Conspiracy

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The Real AIG Conspiracy
By Prof. Michael Hudson
Global Research, March 18, 2009

It may seem odd, but the public outrage against $135 million in AIG bonuses is a godsend to Wall Street, AID scoundrels included. How can the media be so preoccupied with the discovery that there is self-serving greed to be found in the financial sector? Every TV channel and every newspaper in the country, from right to left, have made these bonuses the lead story over the past two days.

What is wrong with this picture? Is there not something over-inflated about the outrage led most vociferously by Senator Charles Schumer and Rep. Barney Frank, the two leading shills for the bank giveaways over the past year? And does Pres. Obama perhaps find it convenient that finally, at long last, he has been able to criticize something that he believes Wall Street has done wrong? Even the Wall Street Journal has gotten into the act. The government’s takeover of AIG, it pointed out, “uses the firm as a conduit to bail out other institutions.” So much more greed is involved than just that of AIG employees. The firm owed much more to other players – abroad as well as on Wall Street – than the assets it had. That is what drove it to insolvency. And popular opposition has been rising to how Mr. Obama and Mr. McCain could have banded together to support the bailout that, in retrospect, amounts to trillions and trillions of dollars thrown “down the drain.” Not really down the drain at all, of course – but given to financial speculators on the winning “smart” side of AIG’s bad financial gambles.

“The Washington crowd wants to focus on bonuses because it aims public anger on private actors,” it accused in a March 17 editorial. But instead of explaining that the shift is away from Wall Street grabbers of a thousand times the amount of bonuses being contested, it blames its usual all-purpose bete noire: Congress. Where the right and left differ is just whom the public should be directing its anger at!

Here’s the problem with all the hoopla over the $135 million in AIG bonuses: This sum is only less than 0.1% – one thousandth – of the $183 BILLION that the U.S. Treasury gave to AIG as a “pass-through” to its counterparties. This sum, over a thousand times the magnitude of the bonuses on which public attention is conveniently being focused by Wall Street promoters, did not stay with AIG. For over six months, the public media and Congressmen have been trying to find out just where this money DID go. Bloomberg brought a lawsuit to find out. Only to be met with a wall of silence.

Until finally, on Sunday night, March 15, the government finally released the details. They were indeed highly embarrassing. The largest recipient turned out to be just what earlier financial reporters had said was rumored: Mr. Paulson’s own firm, Goldman Sachs, headed the list. It was owed $13 billion in counterparty claims. So here’s the picture that’s emerging. Last September, Treasury Secretary Paulson, from Goldman Sachs, drew up a terse 3-page memo outlining his bailout proposal. The plan specified that whatever he and other Treasury officials did (thus including his subordinates, also from Goldman Sachs), could not be challenged legally or undone, much less prosecuted. This condition enraged Congress, which rejected the bailout in its first incarnation.

It now looks as if Mr. Paulson had good reason to put in a fatal legal clause blocking any clawback of funds given by the Treasury to AIG’s counterparties. This is where public outrage should be focused.

Instead, the leading Congressional shepherds of the bailout legislation – along with Mr. Obama, who came out in his final, Friday night presidential debate with Sen. McCain strongly in favor of the bailout in Mr. Paulson’s awful “short” version – have been posing as conspicuously as possible for the media to cover a deflected target – the AIG executives receiving bonuses, not the company’s counterparties.

There are two questions that one always must ask when a political operation is being launched. First, qui bono? Who benefits? And second, why now? In my experience, timing almost always is the key to figuring out the dynamics at work.

Regarding qui bono, what does Sen. Schumer, Rep. Frank, Pres. Obama and other Wall Street sponsors gain from this public outcry? For starters, it depicts them as hard taskmasters of the banking and financial sector, not its lobbyists carrying water for one giveaway after another. So the AIG kafuffle has muddied the water about where their political loyalties really lie. It enables them to strike a misleading pose – and hence to pose as “honest brokers” next time they dishonestly give away the next few trillion dollars to their major sponsors and campaign contributors.

Regarding the timing, I think I have answered that above. Talking about AIG bonuses has effectively distracted attention from the AIG counterparties who received the $183 billion in Treasury giveaways. The “final” sum to be given to its counterparties has been rumored to be $250 billion, do Sen. Schumer, Rep. Frank and Pres. Obama still have a lot more work to do for Wall Street in the coming year or so.

To succeed in this work – while mitigating the public outrage already rising against the bad bailouts – they need to strike precisely the pose that they’re striking now. It is an exercise in deception.

The moral should be: The wetter the crocodile tears shed over giving bonuses to AIG individuals (who seem to be largely on the healthy, bona fide insurance side of AIG’s business, not its hedge-fund Ponzi-scheme racket), the more they will distract public attention from the $180 billion giveaway, and the better they can position themselves to give away yet more government money (Treasury bonds and Federal Reserve deposits) to their favorite financial charities.

Isa 52:15 – “So shall he sprinkle many nations; the kings shall shut their mouths at him: for that which had not been told them shall they see; and that which they had not heard shall they consider.”

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http://astore.amazon.com/dddc-20

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Written by Michael Cooper

March 19, 2009 at 5:36 am

Putting 1 Trillion Dollars in Perspective/29,000 B.C.

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With the word trillion be passed around like it’s nothing more than a drop in the bucket to the “richness” of America, let’s take a look at the number 1 trillion and what it really means.

Going back in history 1 billion seconds will take you back just over 31 years. So you will probably say that 1 trillion seconds will go back, [what?] to the dark ages? WRONG!

Going back in history 1 trillion seconds would take you back…[Are you sitting down?] to 29,000 B.C. Did you get that? That’s 29,000 years before the year 1 A.D

George W. Bush doubled the debt from 5 trillion to 10 trillion in 8 short years. If you were to print 1 of those dollars every second it would take 310 thousand years to reach 10 trillion dollars. The national debt, counting total future liabilities, is around 55 trillion dollars.

Now do you see the magnitude of criminal behavior going on in Washington D.C.

You are being sold into slavery. Now ponder what they are saying about the total amount of money tied up in derivatives: Over 1 quadrillion which translates to over 1,000 trillion dollars.

You don’t really own that coffee table you just “bought.”

To pay off our 55 trillion dollar debt 100 million Americans making $100 dollars an hour, working 40 hours a week, 52 weeks in the year, it would take almost 3  years to pay off the 55 trillion dollar debt….giving up every dime we made!

Obama has an over 3 trillion dollar budget proposed in under 2 months of being President.

Remember, 1 trillion seconds ago it was 29,000 B.C. – michael144

Church Document Encourages Congregation To Obey Government

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Shocking perversion of Romans 13 claims that pro-abortion Obama is “God’s minister”

Paul Joseph Watson
Prison Planet.com
Wednesday, March 4, 2009
A shocking document has come to light from a church in Ohio which educates its congregation that Barack Obama’s presidency is appointed by God and that Obama himself is “God’s minister,” in another perversion of Romans 13, the bible verse cited as an excuse for Christians not to oppose tyranny.
http://www.prisonplanet.com/church-document-encourages-congregation-to-obey-government.html

Written by Michael Cooper

March 4, 2009 at 4:37 pm

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The Lamb and the Dragon
The new world order is defeated
Michael Hulmes

Check out ‘The Lamb and the Dragon – The new world order is defeated’
Link:

The Lamb and the Dragon – The new world order is defeated

About The Lamb and the Dragon
The push for the setting up of a one world government; We found the answer and the downfall of this dark power. “Come out of her my people”
The Lamb and the Dragon 6 members 6 v

Written by Michael Cooper

March 1, 2009 at 4:17 pm

The Answer to the New World Order

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For the longest time I’ve been digging up news and history frantically trying to wake people up to this evil new world order. But the longer I sat in the bloody mess of this elite kingdom the more jaded and frankly hateful I have become. That is until I watched this video. This is the answer to the new world order. I hope this pulls you out of the mire as it did me. Please listen to Louie Giglio – Michael

Parts 2-5

The answer to the new world order/

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Join me on The Lamb and the Dragon
Revelation 12:7 And there was war in heaven: Michael and his angels fought….
Michael Hulmes

The answer to the new world order
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http://astore.amazon.com/dddc-20

Isa 52:15 – “So shall he sprinkle many nations; the kings shall shut their mouths at him: for that which had not been told them shall they see; and that which they had not heard shall they consider.”

http://astore.amazon.com/dddc-20

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AMERICA IS NOT PREPARED FOR WHAT’S COMING

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By Paul Proctor
February 25, 2009
NewsWithViews.com

There’s certainly a lot of fear, uncertainty and confusion in our world today, isn’t there? Many of us are just downright scared; but few are prepared for what surely lies ahead.

Recognizing storm clouds on the horizon really requires no discernment. Anyone with a TV can tell we’re in big trouble.

Oh, we can sit around and complain about all the bad news being reported and crave a more positive spin on it all – but really, that would just be living in denial, wouldn’t it? And, I don’t believe that’s the answer.

It seems to me that the vast majority of us find our solace these days in all the amusements our world has to offer as a means to evade and alleviate those fears and concerns – distractions and diversions, if you will – those who don’t just surrender themselves over to drink or drugs to manage the stress of it all.

Sadly, those amusements have become a staple in the Christian life too, as evidenced by all of the coffee shops, recreation centers, celebrity concerts and high-tech venues required now just to gather crowds and hold their attention at church. What does this say about the power of God to draw all men unto Himself? (John 12:32)

It says to me that today’s church no longer believes that Jesus is enough – that the Living Word of God can’t really compete in a sensory-driven world and that the Holy Spirit needs our help.

It’s not even enough to “tickle our ears” anymore. Now we need our eyes tickled, our noses tickled, our taste buds tickled and our funny bones tickled just to keep them coming back for more!

Is this what Jesus hung on a cross for – to see that His church could one day have the best evangetainment and facilities that money can buy?

Could this be what the Apostle Paul was referring to when he wrote to Timothy about those who had a form of godliness but denied the power thereof? (2nd Timothy 3:5)

Has the love of money so perverted the minds of Christians today that they can’t evangelize without it? Who needs the power of God when you’ve got the power of money? (1st Timothy 6:10)

Maybe this is why the economy is crashing to the ground – to remind us, yet again, that man cannot live by bread and circus alone – that he needs the power of God in Jesus Christ to put his fears to rest, find forgiveness and peace with Him and have eternal life in a kingdom not of this world.

Preparation for what’s coming begins on one’s knees in humility, confession and prayer.

“And the world passeth away, and the lust thereof: but he that doeth the will of God abideth for ever.” – 1st John 2:17

© 2009 Paul Proctor – All Rights Reserve

Written by Michael Cooper

February 25, 2009 at 5:09 pm