Sub-Prime Is Sub-Humane

BY JESSE PAPAS

Today in the world we have a gigantic financial crisis because of a very rich and very opportunistic multi-corporate “Robber Barons.” Instead of the U.S. Treasury department helping middle working class Americans who lost their homes, it helped the already obscenely filthy rich top 3 % receive taxpayers money to reward them because of incompetence and bankruptcy through greed which led to outright broad daylight theft with the F.B.I. standing guard while the financial corporate “Robber barons” walk out of the peoples bank with 11.5 trillion dollars of the peoples money in broad daylight. There are over 15 of 32 million people homeless just over this scandal created by a coterie of elite billionaires.

The man that executed this was Treasury Secretary Henry Paulson. He met with the CEO’s of 9 of the largest banks to help his close coterie of friends. He also helped the elite at Goldman Sacks where he worked since 1974. So in order to empower him, May 30, 2006 George Bush nominated Henry Paulson as TreasurySecretary. This man just through mere coincidence is head of the Treasury just at the right time of the housing crash so he can send his pals at Goldman Sacks 50 billion. So 20 billion dollars worth of perks would be rewarded to his pals that failed miserably in their jobs. Did any of them have their credit rating lowered? No! Instead they get about twenty billion in bonuses because were told that it’s not easy to find the best and brightest who can lose hundreds of billions of working class peoples assets in just a few years. So they must keep these people from leaving. It would have cost only 600 billion dollars for the federal government to have bailed out 5 million homes. This would have reduced homelessness and prevented the downward spiral of the housing market and other markets such as steel, lumber, cement, precious metals, bricks, glass, appliances and insulation. It would of also prevented municipalities from going bankrupt because of lack of property taxes from closed homes, like in Ohio, Florida and California.

Now how did this financial thievery start? We have to go to a U.S. Island off of Georgia’s eastern coast named Jekyll Island. This Island was stolen from the native Indian Muskogian tribe over 300 years ago. At the end of November 1910 Senator Nelson W. Aldrich, Abraham Piatt Andrew of the U.S. treasury, Frank A Vanderlip president of the National City Bank of New York representing William Rockefeller and investment banking house of Kuhn, Loeb & Company, Henry P. Davison senior partner of J. P. Morgan, Charles D. Norton president of J. P. Morgan’s first National Bank of New York, Benjamin Strong, head of J. P. Morgan’s Banker Trust Company, and Paul Warburg, representative of the Rothschild banking dynasty of England. These men met there to create the Federal Reserve System of the United States of America in order to serve them alone in the future from now on. These 7 men then represented ¼’th of the worlds wealth. I did not say money. I said wealth, meaning money and property and assets on this whole planet called earth. In 1913 the Federal Reserve System was passed into law . Bertie Charles Forbes the founder of Forbes magazine said ” Picture a party of the nation’s greatest bankers stealing out of new York on a private railroad car under cover of darkness, stealthily riding hundreds of miles South, embarking on a mysterious launch, sneaking on to an island deserted by all but a few servants, living there a full week under such rigid security that the names of not one of them was once mentioned lest the servants learn the identity and disclose to the world this strangest, most secret expedition in the history of American finance”. Now keep in mind these people are supposed to be fierce competitors, but that is only an illusion for the top bankers of the world’s capitalist financial system.

Under who’s watch did this happen? You may know that great leader named George Bush who murdered hundreds of thousands of Iraqi men, women and children. Bush and Chaney are still murdering their own men and women soldiers sending them in harms way to attack a country that did nothing to them. I feel compelled to say this because none of the corporate “anti- liberal” media in North America has revealed any of the following facts. The former governor of Minnesota said the United States has become like the Nazi’s. Did the corporate run media on it’s own reveal to the American people their government is the biggest terrorist in the world like the Nazi’s, never! Lawrence Wilkerson worked for George Bush. Wilkerson wrote the report that was read by Colin Powell at the United Nations February 5, 2003. “reasons to go to war against Iraq”. Months latter he discovered everything he was fed in the report were lies. Wilkerson said quote “ I participated in a hoax on the American people, the international community, and the United Nations security Council. How do you think that makes me feel?” The interviewer said quote “A hoax, that’s quite a word” Wilkerson said quote “Well let’s face it.It was.”

This so called democratic government in January 2000 enabled the likes of Enron to rob the working classof California of 30 billion dollars worth of electrical power because Enron called electric plants to shut down their plants for unnecessary maintenance to skyrocket hydro electric prices so Enron could rob California’s poor citizens. Enrontraders laughed while retired pensioners protested on the streets with signs like “GREED IS THE ONLY POWER CRISIS” and “POWER BELONGS TO THE PEOPLE.” Enron traders said about California’s poor people Quote “best thing could happen is a fucking earthquake. Let that thing (California with it’s poor people) float out into the Pacific. “Let them use fucking candles.” When California’s governor Gray Davis asked for help from the Bush/Cheney government he was told the invisible hand of the market is working miracles through the power of Enron, so what more can he do? Did god tell him that?

The truth of the matter is that the already rich have had 11.5 trillion dollars of bail outs said Bloomberg. This does not include U.S. President Obama’s 800 billion that will put the new total over 12 trillion dollars. With your hard earned working class taxes the U.S. government bought from elite Fannie Mae and Freddie Mac their bad mortgage debt for 5 trillion dollars. Your cash for their trash. When it comes to the working classes tax dollars there’s no limit. They’ll use one of your dollar to protect the rich elite’s dollar. They will use two, three, four of your dollars to protect one rich elites dollar. In fact your money is no object to protect the rich elite.

Now what do the capitalist mean when they talk about sub-prime lending? Sub-prime means those people that are prone to default in paying debt, or are prone to bankruptcy. Now is it not funny if your poor and black or native Indian or a single mom and all your hard earned money goes to feeding your children. Sending them to daycare. At the end of the day nothing but misery for yourself day in day out. Then your classified as sub-prime. And your fico score goes low so your interest rate goes high. This is racist and sexist and it must end!!! Now!!!! Now if your rich and you have two mansions a yacht and a jet plane or two. And lets say you work for the Lehman brothers or J.P. Morgan or Merrill Lynch or American International Group or lets say Goldman Sacks then you know what you get after you brought your company into bankruptcy loosing hundreds of billions of dollars that were not yours anyway, Ha! Ha!? You get all the tax money from single moms so their children starve that your little hart could ever wish for. February 23, 2004 Alan Greenspan at that time the acting chairman of the Federal Reserve told Americans not to lock in their mortgages. Only a few months later he raised interest rates .In 2008 Citibank was charged with stealing millions of dollars from 53,000 accounts from 1992-2003. The scam was computerized an “account sweeping program” money was stolen without the costumers of Citibank’s knowledge.

As of Dec. 26 1991 the Soviet hammer and sickle flying over the Kremlin was lowered. Soon after, state subsidies of goods and services were eliminated. Yeltsin launched a drive to privatize thousands of large state or (soviet people’s) owned enterprises. Now under capitalism prices were allowed to soar far beyond the reach of honest hard working Russians. But the corporate thieves had no problem with high prices that were lining their pockets and Boris Yeltsin also got his cut. In 1998 the Russian financial crisis created by president Boris Yeltsin was not because of low oil prices or the Asian crisis but instead because private energy and manufacturing industry did not pay their taxes. On may 12, 1998 Coal miners went on strike over unpaid wages, blocking the Trans-Siberian Railway. By August 1, 1998 there were over 12.5 billion in unpaid wages owed to the Russian (Soviet People). In Joseph Stiglitz article called “The ruin of Russia” Joseph Stiglitz is a right wing Nobel Prize winning economist. He said “The move from communism in Russia after 1991 was supposed to bring unprecedented prosperity. It did not. By August 1998 output (or gross domestic product) had fallen by almost half…..Poverty had increased from 2% to over 40%” Wow!, Wow!, Wow!!!

Now how is the leader of capitalism doing? The United States of America (over 20% of children starve in the U.S.) (Over 47 million Americans without healthcare.) (Over 37 million Americans starving. George Bush calls them food insecure.) Bless you capitalism. You keep looking for an enemy but your enemy is yourself. The Federal minimum wage in America was 1 dollar in 1956, 2 dollars in1974, and today it is 5.15. I am not joking; it really is that little. It has not gone up since September 1 1997. I kid you not. How many good decent people live like this because they know of no other system to bring them justice, equality, and peace in the world.

Here is a list of a few financial catastrophes brought to you by deregulate the rich, regulate the poor, trickle down theory. Or there is 2000 billionaires and over four billion people in the world that make less than 2 dollars a day. See how well trickle down theory works. You see there is the word billion in both classes.

This not a complete list!! Market crashes !!!!!!

THE ANSWER IS AND ALWAYS HAS BEEN SOCIALISM. ONE DAY YOU WILL MEET HER AND SHE IS BEAUTIFUL.

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