------ Forwarded Message > From: "dasg...@aol.com" <dasg...@aol.com> > Date: Sun, 14 Mar 2010 00:31:18 EST > To: Robert Millegan <ramille...@aol.com> > Cc: <ema...@aol.com>, <j...@aol.com>, <jim6...@cwnet.com> > Subject: It Didn't Take a Nostradamus to Foresee Us Reaching This Point >
> A prophetic look ahead, written in 2005: > > > > ... To put the present threat in perspective, read a relatively short list of > some leading financial-economic crises confronting the U.S. government and > population right now. > > 1. The most urgent threat at this moment, is the ongoing collapse of the U.S. > automobile industry, probably immediately affecting, chain-reaction style, > both the incomes and pensions of approximately a half-million people, or more, > associated with employment in that industry. Entire states and cities of the > U.S. would be thrown into collapse. That is not only a threat to the people > and the communities in which they live; the collapse of the machine-tool > capability which that industry represents would be a strategic threat to the > U.S.A.; it would not exactly send the U.S. back to the Stone Age all by > itself, but it would virtually finish the United States as a great power for > decades or more to come. > > So far, nothing is being done by the U.S. government to prevent an irreparable > catastrophe which requires immediate action from the U.S. Congress if the > worst effects were to be averted. > > 2. The clearly shown intention of the financier interests controlling that > industry, is to dump the pension obligations of the automobile and associated > industries upon the Federal Pension Benefit Guaranty Corporation. This > coincides with what has already been done in the case of United Airlines, and > what is therefore threatened in the case of Delta and American Airlines. This > goes together with pathetic, mean-spirited, and much befuddled President > George W. Bush, Jr.'s Social Security wing-ding, an outright swindle designed > to let the Wall Street stock-brokers swindle most Americans out of the last > pension fund soon to be still functioning, if the President's childishly > nonsensical proposals of a sovereign U.S. default of U.S. bonds as mere "IOUs" > were tolerated. > > If influential people from around the world had not suspected that the > President were clinically insane, his calling U.S. bonds "IOUs" of no > intrinsic value, would have been sufficient to plunge the entire world > monetary-financial system into a panic which would have set off an immediate > total collapse. > > The current proposals from the House of Representatives' Republicans on this > set of pension issues would be mass-murderous in effect if allowed. > > 3. Meanwhile, Federal Reserve Chairman Alan "Bubbles" Greenspan's sponsorship > of the use of a form of gambler's side-bets as financial capital, so-called > "financial derivatives," has created an explosive financial bubble, the > so-called "hedge fund" bubble, which makes the 1998 LTCM bubble seem almost a > minor incident by comparison. Major banks of the world, as in the U.S.A, and > Germany, for example, which have implicated themselves in this hedge-fund > bubble, are now threatened with a catastrophe beyond the powers of imagination > of most ordinary citizens, or even most members of the U.S. Congress so far. > Already, as much as between 20% and 40% of the hedge-fund accounts in question > are either wiped out, or near that condition. The liability incurred by the > banks associated with those hedge-fund ventures would stagger the imagination > of most. The collapse of this hedge-fund bubble happens merely to have been > triggered and accelerated by the outbreak of the General Motors crisis. > > So far, nothing has been done to prepare the U.S. to manage this global > crisis, a crisis which could bring down the entire world system. > > 4. This coincides with another product of Alan Greenspan's suspected bath-tub > dreaming. His role in creating the Y2K bubble which crashed in 2000, was part > of the same pattern, involving Fannie Mae and Freddie Mac, which has created > what is presently a monstrous, and imperilled real-estate mortgage-bubble. > More and more leading news organs are currently reporting important facts > about the evidence of the danger of a chain-reaction collapse within the > so-called "mortgage industry" which is threatening to spread throughout that > sector as a whole, from the most blatant follies launched under Alan > Greenspan's "financial derivatives"-polluted reign at the Fed. > > Yet, our political leaders are either very slow in coming onto the launch-pad > on this deadly issue, or are mostly blocking it out of their minds as an ugly > reality they, and most U.S. citizens, are not yet prepared even to think > about. > > 5. In fact, a new real-estate swindle is being launched, this time from Donald > Rumsfeld's Defense Department, the base-closing swindle. What a nice, > last-ditch sort of pork-barrel for Rumsfeld's and Cheney's contractor-friends > that would be, if it could actually be brought off. > > On top of this, we have rabid Vice-President Dick Cheney's snarling threats of > pre-emptive nuclear wars and kindred enterprises, starting perhaps with North > Korea, under the provisions of Conplan 8022. Conplan 8022 itself has > implications which are fairly described as clinically insane on their own > account, but the real danger is being overlooked. . > > The genius of the U.S. Federal Constitution is there; whereas, our republic > has endured some very bad governments, even some which have been frankly > treasonous in certain of their implications, we have never lost our > Constitutional system, as European governments have suffered coups d'état and > dictatorships of one kind or another so often. The rise of the Senate, in > defense of the Constitutional principle of advice and consent, to block the > Bush White House's attempts to grab for dictatorial powers, was exemplified by > the Senate's upholding that Constitutional safeguard against an attempted > White House seizure of dictatorial powers, just as the Congress defeated a > similar attempt earlier, under President Richard Nixon. > > Since the first inauguration of George W. Bush, Jr., we have seen repeated > instances, as in the cases of Abu Ghraib and Guantanamo, of Bush > Administration efforts to adopt certain of the features remembered from the > Adolf Hitler and kindred administrations in Europe. The way in which the > incident of "9/11" was exploited by the Bush Administration, as under the > Patriot Act proposals already whipped up before the "9/11" incident, and the > way in which the Administration repeatedly used lies fabricated in concert > with the Liberal-Imperialist Blair government of the United Kingdom, to foist > a new Iraq war upon the world, with the horrid consequences of failure shown > in the conduct of that continuing war today, are typical. > > The characteristic feature of the Nixon Administration mentality which veteran > plotter Karl Rove has carried into the George W. Bush, Jr. White House today, > is the same resort to arousing lunatics' passions which Rove's lunatic > religious right employs to effects which remind modern historians of the > fanaticism of the <<< The policy of the Bush White House under Nixon veteran > Rove, is that spirit of dictatorship typified by times of Europe's fascist > movements. That is the spirit of the current Bush-Cheney Administration and > its policy-impulses. > > Such are samples of the immediate situation threatening us today. > > > > Lyndon LaRouche > > http://www.larouchepub.com/eirtoc/2005/eirtoc_3224.html > > > ------ End of Forwarded Message
