Barak Obama Fronts Wall Street's
Swindle - What Change Really Means
By Bruce Marshall
-- -- Do not be fooled! Barak Obama's call for National
Infrastructure Reinvestment Bank (NIRB) does not signal the
return of the Democratic Party to the values of FDR and a
revival of the Constitutional prerogative to 'promote the
general welfare', but would rather provide more welfare for Wall
Street and worse. Obama's plan is nothing more than the direct
means of instituting the Rohatyn-Rudman National Investment
Corporation (NIC) plan called for in 2005, which in essence is a
revival of Mussolini's methods of corporatist control of the
state in a politically correct post modern fashion..
When Senator Obama states that his National Investment
Reinvestment Bank will magically turn $60 billion into trillions
of dollars as he did in his Feb 13th Jamesville, WI speech, one
can easily realize that the only way that this can happen is
through the perverse magic of Wall Street. What would happen is
that bonds floated by the NIRB will be bought on the open
market, to then be speculated upon, securitized as derivatives,
traded and ultimately used as collateral on the newly built
infrastructure. What we will see is the emergence of an
infrastructure bubble to replace the mortgage bubble, propped up
by initial government expenditures towards infrastructure. This
is just the start as Obama will fund the feel good 'carbon
credit' swap to be the next blast of hot air to make Wall Street
giddy. This is a key insight to a true understanding of what is
going on. Bailout the financial powers with a clever plan that
will raise money to then buy up hard assets, in other words the
remaining wealth of our nation, as the meltdown crisis of over a
quadrillion in derivatives losses grows and grows..
Besides artificially propping up the markets, Obama's NIRB, as
an initiation of the Rohatyn/Rudman infrastructure investment
model, opens the door to the privatization of public assets.
International predators and asset-strippers want to buy up
public highways and impose cutthroat tolls, as they are already
doing in many states. Then they run the turnpikes into the
ground as cash cows while they mercilessly bilk the users.
Privatization is a key goal of the Anglo-American financiers
behind this scheme. Both the NIC and NIRB rely on the new
darling of the markets, PPPs, known as public private
partnerships. PPPs are the means by which market forces will
dictate, and that is the word, the implementation of these
projects. The argument is that the PPP will keep costs down, but
in reality only because the private corporations, now
controlling the public sector, will own the assets of what is
being constructed. The PPP model is none other than the model
implemented by Mussolini in his fascist corporate state. The
creation of NIRB funds hark back to Hjalmar Schact's 'MEFO'
bills that created the speculative bubble of money so that the
National Socialists could rearm Germany and fight World War II..
Since 9/11 America has certainly turned into a top-down police
state, but true post-modern fascism requires a popular movement
to usher it into power. Bush has created a dictatorship out of
the Presidency, now the next step towards fascism is being
marketed to exploit the desire for change. The depressed
national mood, due to the war and economic recession/depression
has compromised sane reasoning and courageous opposition needed
now more than ever. This has created the conditions for a
newcomer to magically appear with a message of hope, using the
mantra 'Change', wrapped in a swooning fever that has infected
the young and left liberal excuse machines, such as 'Move On'
who were never serious about stopping Bush/ Cheney and the war.
Since he passed his audition at the Democratic convention in
2004, Senator Obama has been taken over by George Soros and
other hedge fund millionaires to launch a campaign out of
nowhere, based on nothing but rhetoric and Wall Street millions.
As darling of the rich elitist Kennedy/Kerry/Dean wing of the
Democratic Party, Obama's pseudo-Camelot will deliver Wall
Street and the Anglo-American financiers the goods while
disguised in a patina of racial teflon and faux populism from
the upper crust. For substance ask, where is the bill in the
Senate by Kennedy/Kerry/Obama calling for a freeze on all
foreclosures? Where's their filibuster against the war? Where is
a real minimumn wage in the form of a living wage? Where is
impeachment of Bush-Cheney? Why did Senator Obama move against
raising heating oil assistance to the poor in the recent
The answer to this last question, besides Rohatyn, is Obama's
top economics controller, Austan Goolsbee, a sinister Skull &
Bones, Friedmanite Chicago School free trade/free market
economist who has delivered the real answer to the question of
the difference between Senator Obama and Senator Clinton.
Goolsbee stated on CNBC that Obama is more market friendly
more in the pocket of Wall Street. This is precisely the
establishment's secret fear of Hillary Clinton that she might
act as her heroine Eleanor Roosevelt, to implement a post modern
New Deal that would oppose austerity measures against programs
that help the poor. That she would fund essential public
services, like hospitals and schools, and provide universal
health care available to all. The greatest fear is that she
might act like FDR to now start regulating the markets starting
with a 1% Tobin tax which could eliminate the income tax burden
for everyone earning less than $125,000 year with plenty of
money to fund the basic social programs of a civilized and truly
Now Obama, with economic advisers such as David Cutler, who
believes that rising health care prices are good for the
economy, and Jeffrey Liebman, who wants to partially privatize
social security, you see that Obama's MBAs will be quite good at
implementing the vision of the Democratic godfather Felix
Rohatyn (ex-Lazard Freres) and Republican Warren Rudman, an
proponent of savage austerity and the wrecking of entitlements..
Their obsession with balanced budgets, privatization, and asset
stripping will be given new cover as the United States is
dissolved into one great corporatist PPP.
Yes, we do need infrastructure, but the reason we have an
infrastructure crisis is because people like Rudman and Rohatyn
have influenced thinking against infrastructure projects because
it would get in the way of their balanced budget mania and plans
to loot the economy. Now they have a new solution and salesman.
Remember it was Rudman who was a key figure in the conservative
revolution around Gingrich. The nefarious interest of Rohatyn is
even more sinister considering that this is the fellow who was
part of the international team supporting fascist dictator
Augusto Pinochet, where Rohatyn's social security privatization
scheme was first tried. Soon a limited revised version of social
security privatization will be introduced by Obama when an alarm
is pulled by Wall Street during a Obama Presidency. In the
1970's Rohatyn became the actual dictator of New York City under
Big Mac (the 1975 Municipal Assistance Corporation), trumping
the city government, as a financial czar who cared more about
the city's bond rating than lives, cutting essential services,
including many inner-city hospitals in a mad example of a PPP.
Rohatyn, who is also recognized as the money bags behind the
pro-Obama Democratic Leadership Council, is also a big proponent
of military privatization which is another step towards feudal
fascism. No wonder the Democrats have not stopped the war; it is
good for their business arrangements too.
While Senator Obama says that he will stop the war and use that
money to initially finance the NIRB and his green initiatives,
this will do nothing to stop the speculative forces that are
causing the present hyperinflationary bubble. Will Obama stand
up to the speculators whose gambling is responsible for up to
40% of the price of every gallon of gasoline? Not likely.
Sure the NIRB will create some low-wage jobs, but the PPP
arrangement will make certain that organized labor does not get
assertive about living wages and benefits, all the while private
companies welcome a work force of illegal immigrants who will do
much of the work for virtual slave wages as is already the case.
So, what is to be done? First, we need a real debate towards
electing a President and Congress who will confront the crisis,
the real issues surrounding the present meltdown of the
derivatives bubble and what that means for the entire economy.
The sub-prime mortgage collapse is the tip of the iceberg. If
Obama prevails, Americans will find that like the SS Titanic,
the USA does not carry enough life boats that are not already
owned by the bankers. Congress must come to reassert its
constitutionally mandated sovereignty, by taking steps to
federalize the Federal Reserve, regulate the markets, save the
essential banking interests of the people, and then create the
money with which to create honest investment into our nation's
infrastructure to thus promote the general welfare of all.
Click on "comments" below to read or post comments
Be succinct, constructive and
relevant to the story.
We encourage engaging, diverse
and meaningful commentary. Do not include
personal information such as names, addresses,
phone numbers and emails. Comments falling
outside our guidelines – those including
personal attacks and profanity – are not
See our complete
use this link to notify us if you have concerns
about a comment.
We’ll promptly review and remove any
Send Page To a Friend
with Title 17 U.S.C. Section 107, this material
is distributed without profit to those who have
expressed a prior interest in receiving the
included information for research and educational
purposes. Information Clearing House has no
affiliation whatsoever with the originator of
this article nor is Information ClearingHouse
endorsed or sponsored by the originator.)