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Clinton had a good idea of the problems that the Bush Administration had created. Congressman Bill Alexander, who knew Clinton personally for years and used to have lunch with him, used to tell me (this is when they were trying to work out a deal for me) that Clinton was absolutely appalled and even frightened about the enormity of the situation. At the lunch that Bill Alexander had with him at the White House, Clinton looked at him and said, "Bill, I hope you have enough to pay for that lunch. The United States government doesn't have any money left." When he got there, he realized there was nothing left. He said we are probably 14 or 15 trillion dollars in debt and we're continuing to bleed. Three days after taking office, he begins to discover the real story. And he was frankly scared out of his wits. Can you imagine coming into the Oval Office and finding out that there are no capital reserves left, the nation is $14 trillion in debt, all of the capital marketplaces are shaky as hell, and the nation is bleeding red ink at the rate of one billion dollars a day, as the Bush Administration publicly admitted? Clinton then found out that the actual red ink was about twice that amount (about $2 billion a day) and that there was an accumulated $14 trillion in debt - with the rest of the world still in recession. And then there was another bombshell - an unknown and much more serious malfeasance by the Bush Cabal which Clinton inherited. The West German and Japanese governments started pressing Clinton for repayment of an aggregate $150 billion in secret loans they made to the Soviet Union in 1987, after George Bush Sr. put the arm on them to keep the "Evil Empire" financially afloat a little longer. The concept was that Bush knew that the Soviet Union was going to collapse in 1987, and he was scared because it would reveal his lies to the American people about why he needed more money for "defense" and other military expenditures. Bush obviously knew that the United States couldn't lend them the money, a country we had spent trillions of dollars to defeat. If the Soviet Union had collapsed in 1987, people would say - why did we have to spend trillions of dollars on "defense"? The Bush Cabal's lies were premised on the idea that the Soviet Union wouldn't fall apart until 1992. Then they could say they were responsible for the collapse (the "defeat" of the "Evil Empire") rather than being responsible for wasting trillions of dollars. The CIA's annual report of the Soviet Union's strength assessment was that the Soviet Union was falling apart. The Bush Administration would then issue two reports, one of them indicating that the Soviet Union was falling apart and the other, a false report, stating that the Soviet Union continues to get stronger. George Bush Sr. then talked the German, Japanese and Korean governments into making direct intergovernmental loans to the Soviet Union in 1987 totaling about $150 billion dollars. The deal was that the United States would be the ultimate guarantor. That's another $150 billion dollars that US taxpayers would be responsible for. After lending $80 billion to the Soviet Union at Bush's request, Germany's Chancellor Kohl told him that he couldn't hide any more from his government. George Bush Sr. then lied to the Japanese about the money he wanted them to give the Soviet Union. He told them if the Japanese gave them the money, then the Russians would give back the northern island possessions the Russians illegally seized from the Japanese at the end of the Second World War. It was a complete lie. After Gorbachev was gone, Yeltsin said he wouldn't honor the deal because he knew that this was a scam just between Bush Sr. and Gorbachev. It was a political scam that Bush and Gorbachev did in order to make Bush look good and make his policies "viable." Yeltsin actually knew the extent of the conspiracy that existed between Gorbachev and Bush. It is no wonder that George Bush told reporter Sarah McClendon that "if the American people really knew what we had done, we would be chased down the streets and lynched." What George Bush said then is a case of what happens in Washington when you don't take your Prozac and you have a "lie lapse." When Clinton came into office, he had a real sense of fear and foreboding. Knowing what he knew, he used to kid about it. Bill Alexander told me this in April or May of '93. He said, "Six months after being here, I got high blood pressure. I got hemorrhoids. I got all these things wrong with me that I never had before." If people understood what happened within the Clinton Regime… the fact that Clinton (who was a weak politician to begin with) was forced to accept a lot of Bush holdovers. That was one of the distinctions of the Clinton Regime. There was a record number, over 1,700 Bush holdovers in senior positions in various federal agencies. Clinton managed to weed out some of them, although he didn't do it as quickly as he wanted because even he understood the bigger picture. He understood the temerity of the situation. He was often criticized - why didn't he weed out these Republican Cabalist holdovers? But he knew what they were there for - to control the liability of the Bush Administration. He was surprised by the numbers, but as he came to realize the enormity of the crime committed by the Bush I people, and the fact that it could literally take the whole world down economically, if the total of this gross economic malfeasance was to be revealed. And then there was the wholesale looting of the federal treasury, and the fact that trillions and trillions couldn't be accounted for. Clinton understood that you needed Bush Cabalists who know how to control liability -- even within his own administration. He used to tell Alexander that we're Democrats, and we don't have this inherent liability control structure that the Republicans have. A Republican can go into a room full of a million documents in file cabinets, take one breath, and know exactly which one document you have to shred in the whole million. Republicans have an intuitive instinct of this that they've built up over the years. Clinton did the right thing. Even he understood, at least early in his regime, what the Bush Cabalists (he used to call them the Bush Faction, or Cabalists, or Trilateralists) had done. He should be commended because he let this Republican control apparatus stay in his government and he gave them a very free hand. Unfortunately there were many people who suffered because of it, whistleblowers who knew too much. You have to remember that in '91- '92, and even later in '93-'94, people were still suffering. People who knew too much were disappearing and dying under mysterious circumstances. And I was one of the people who suffered -- but at least I understood the necessity of my suffering. There were some people who whined about it, but I maintained a constant position, that is, I am owed money. I was mistreated, lied to, and I was owed money -- after always doing what I had been told to do. And that wasn't right - the way I was treated. I didn't whine about it. I didn't threaten anyone about it because I understood. People have asked me why I didn't write the book ("The Conspirators: Secrets of an Iran Contra Insider" http://www.almartinraw.com/book.html) in '91, or '92, or '93. I would answer that it would have been politically impossible at the time to write it. That's true, but I could have self-published it. The real reason I didn't is because I understood the bigger picture as well. As my attorney used to say to me back in '91 or '92, "Al, if you write a book now, we had better pray that people don't believe it." But even I understood what the Bigger Picture was, and so did Clinton, who was smart enough to let that Republican control group exist because he knew what the repercussions would be, if everything that the Bushes had done became public. He knew there would be havoc. It's global in nature, but we're talking about a time in 1992 when the Bush Administration had just re-capitalized the nation's Savings and Loans - which the very same people including some of the Bush family's relatives had taken down. When you just re-capitalized that at an enormous cost to the American taxpayer, the economy was still losing two billion dollars a day. The world's financial markets were tenuous at best. The Soviet Union had now converted over, but was in a state of crisis. Brazil had now effectively fallen apart. Argentina was falling apart for the first time. Mexico was right on the verge. In other words, Clinton accurately understood that, had the Grand Bushonian Malfeasance been revealed, the massive loss of investors' confidence could have been the straw that broke the camel's back. Therefore he appropriately did was keep a guy like Greenspan with a good market reputation. Greenspan understood the temerity of the economic situation and stepped on the economic gas pedal. This is something that George Bush tried to get him to do in 1992 and he refused. George Sr. has always blamed Greenspan for his defeat. He was fond of saying that the economy was on the upswing at election time -- had Alan Greenspan stepped on the economic gas pedal earlier. Bush threatened to have Greenspan dismissed, which is the president's power. And Greenspan said, go ahead and see what happens to the remaining confidence in the nation's marketplace. This was a real battle, which was unknown in history. Greenspan told George Bush Sr. that the nation's and the world's economy cannot survive another Bush term. He said I'm not going to get you reelected. And that's why he purposely kept the economic reins tight in '92, when the economy was showing some nascent signs of recovery, at a time when prudent economic policy would have dictated that the Fed would have begun to loosen. He purposely dragged his feet, thus choking off the nascent recovery and giving Bill Clinton a double whammy for free. The double whammy was that the repressed consumer demand that was going on in the last half of '92 because Greenspan was keeping his foot on the economic brake was creating a repressed consumer demand. The minute you stepped on the gas, what would happen is that interest rates would come down. Greenspan didn't do it to help Clinton politically. It was really done to pump up the economy in 1993. Greenspan was trying to provide every ounce of monetary stimulus he possibly could. One way was to keep pent-up demand that was occurring in 1992 pent up. He did it by refusing to lower interest rates. Then in the next administration, you step hard on the economic gas. He dramatically increased the nation's short term (M1) and intermediate term (M2) money supply. He dramatically increased the liquidity, and in so doing, he increased short and intermediate term liquidity, thus allowing rates to fall quite substantially. This brought in additional consumer demand. There was a two-fold action going into the first quarter of '93 with left over demand from '92 (pent-up demand.) It was a demand for housing, for consumer goods, big-ticket durables, but that demand wouldn't come forth until rates came down. And that allowed this tremendous economic growth to happen which we had in '93 and for interest rates to fall so low. The interest rates on the 30-year long bond had fallen 400 basis points from October '92 to October '93. That is a tremendous drop in interest rates. Because of that, Greenspan was able to get, through some crafty manipulation of monetary policy, an awful lot of bang for the monetary buck in terms of economic stimulation. It really changed the tone of the nation's capital marketplaces. I've always said this, and I know that Greenspan personally thinks the same: 1993 was the pivotal year that saved the nation's (and possibly the world's) economy. There was a tremendous increase in GDP. A lot of banks and brokerage firms were able to re-liquefy again. It was re-liquefied by over-stimulating the economy. That in turn allowed previously illiquid assets to become liquid. Greenspan shifted the economy into neutral, stepped on the economic brake hard (4th quarter of 1993), and contracted money supply very quickly, instead of doing it over 18 months. He knew that was a risk in an economy still so debt-leveraged. So he compressed the economic cycle. He knew he had over-stimulated which he felt necessary to save the whole world essentially and created incipient inflation in an economy that had to be weeded out. Instead of doing it the traditional way by creating a recession, he took a chance and compressed the entire cycle into less than twelve months, a cycle which ordinarily would have taken twenty-four months. The key in the case for sedition against the Bush Cabal is that they knew what their policies would lead to. The Bush Administration knew they were creating policies in order for a certain cabal within government, a faction, a segment of society, industry that supports that cabal, to bleed ever larger and larger amounts of money out of the public purse. And they knew what they were doing. "Industry" here refers to the entire Military-Industrial Complex and perhaps the entire Bush faction within government and the civilian population, which represents about 3,000,000 people or so. This was indeed a continuation of the consolidation of money and power to which Bush referred. The key is that they knew what they were doing. They knew what the long-term economic impact would be for the United States. They purposely created that negative impact so they could capitalize on it by instituting huge amounts of institutional short positions, when the eventual and inevitable economic effects of all of this missing money began to be felt in the summer of 1987. At that time, suddenly banks looked around and said we don't have any capital left. Our capital base is depleted. Insurance companies looked around and said our insurance net reserves are depleted. There was nothing left. By the third quarter of 1987, the great and all-powerful Bush Cabal had drained so much money out of the economy, combined with perpetual federal budget deficits, that there literally was no money left in the country. The actions of the Bush Cabal, George Bush Sr. and his cabal, some of the men we've named, and the profits they made, based on policies that they themselves enacted, or proffered and fostered, both legally and illegally -- this rises to the level of sedition, insofar as they knew what they were doing. And what is sedition? To willfully and maliciously act in a fashion as to sap, suborn or otherwise undermine the United States of America, its lawful authority, thereunto as duly constituted government, or its national security. Is not economics the ultimate national security of the country? This is the key in the case for sedition against the Bush Cabal. (Coming Soon: Part 2) |
