With the current global economic crisis and the heated, upcoming presidential election, one may wonder: is one a distraction for the other, or are they both distractions for something more sinister?
Once we’ve forgotten how the U.S. Congress and Wall Street have flushed the economy down the tubes because a McCain supporter called Obama a terrorist, our attention is again diverted back to the doom and gloom of the economic enigma.
Banking institutions in both the U.S. and around the world are succumbing to nationalization by their governments and foreign acquisitions.
The Wall Street Journal reported that the U.S. is set to buy stakes in nine of the nation’s top banks including Goldman Sachs, Bank of America and Citigroup. On an ironic note, Sovereign Bancorp was purchased by Spain’s Banco Santander for $1.9 billion in stock, according to WSJ. Santander already owns a nearly 24 percent stake in Sovereign. Another American business finds itself in the pocket of a foreign corporation. (Anheuser-Busch accepted a $52 billion buyout from Belgian-based InBev in July.)
Adding to foreign financial interests is China’s holding of more than $1.4 trillion of the nation’s debt. An article circulating around the internet claims that a section of the highly contorversial Emergency Economic Stabilization Act of 2008 allows China to oversee and protect its interests citing:
“Designating financial institutions as financial agents of the Federal Government, and such institutions shall perform all such reasonable duties related to this Act as financial agents of the Federal Government as may be required.”
Section 101, Paragraph 7:3
The article postulates that statement, “will empower Chinese policing authorities the right to act as law enforcement officers in the United States including granting them the right to evict American citizens from homes whose mortgage debt is held by China.”
Most Americans opposed the “bailout bill” and breathed a sigh of relief when it was originally shot down in the House of Representatives. However, the Senate re-introduced the bill where it passed both houses and was immediately signed by President Bush.
Online conservative newspaper World Net Daily reported that some members of Congress signed on for the $700 billion “bailout” reluctantly.
”Many of us were told in private conversations, that if we didn’t pass this bill on Monday, the sky would fall, the market would drop two or three thousand points, another couple thousand the second day, and a few members were even told that there would be martial law in America if we voted no…”
Rep. Brad Sherman (D-Calif.), Oct. 2 on the House floor
WND went on to suggest that the martial law threat added to suspicious fears following the homeland deployment of Army’s 1st Brigade Combat Team of the 3rd Infantry Division. Two other divisions are included to form the Consequence Management Responce Force of NorthCom. The tactical team will be an “on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks.”
The Army Times article featuring the story mentioned soldiers being trained on “crowd and traffic control equipment and nonlethal weapons designed to subdue unruly or dangerous individuals without killing them.” A correction was later added, and the story was annotated, to ensure readers: “The package is for use only in war-zone operations, not for any domestic purpose.”
Now for our main distraction: party politics and the presidential election.
Congressional Democrats, including presidential nominee Barack Obama, are pointing their crooked fingers of blame for the economic downturn toward the economic policies of the president. They are calling for tighter restrictions for Wall Street.
Meanwhile, Republicans claim they tried to instill more oversight for government-sponsored housing lenders Fannie Mae and Freddie Mac, but Democrats wouldn’t have it.
Although dismissed or ignored by the mainstream media, conservative talk radio hosts have been questioning the questionable past of Obama. Radio and television host Sean Hannity even produced a special titled “Barack Obama and Friends” detailing his relationship with Bill Ayers and involvement with community group ACORN.
Many Americans are either fed up with party politics or religiosuly involved in it.
With all of these distractions, in addition to the “news” put out by the mainstream media, there’s no doubt Americans are blindsided to an evolving process of socialism and fascism that is wrapping its tentacles around the country.
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