You should be familiar with the drill by now. There's a fine new swindle, building on 2008's, rapidly descending from a hopelessly insolvent banking system highly correlated with the U.S. Treasury...
Team Fraud aims to extort the average investor in its usual way — this that Adam Smith's Leveraged Ponzi Scheme might survive another day. A crisis targeting savings built up over several generations is the essence of the planned theft. That's the object of attacks on entitlements. These are the target of the Treasury debt ceiling debate set to reach a boil between now and early-August.
Yet being widely acknowledged cohorts in fraud, the ratings agencies leading the charge already stand exposed in this, their part in the criminal enterprise that has become the trans-Atlantic financial system. Surely, a fair portion of elected representatives are more than ready to come down on these folks, should push come to shove. Being desperate, of course, Team Fraud's crooked ratings agencies reveal they have no choice but.
So, now it comes down to a consensus in Congress rising above so many jellyfish misleading for much too long to mount an attack on our fascist-in-chief over at the White House, and make clear that, any U.S. President who openly questions the U.S. Treasury's solvency is insane and must be removed per the U.S. Constitution's 25th amendment. Congress can add the President's violation of the 1973 War Powers Resolution for good measure in its impeachment proceedings. Obama must go, if only because the banking system's insolvency will lend itself to resolution once this criminal tool made President no longer holds the office.
In provoking a financial crisis the President shows himself no friend of the average investor, much like Team Fraud's Republican marionette before him. With failure of the NY Fed's Maiden Lane II auction, the President might better lead the charge on Glass-Steagall, now that the financial system's insolvency, not illiquidity, is the proven culprit behind Treasury's collapsing revenue. Were the President sane, he would. Instead, he plays the part his criminal sponsors have assigned him in supporting the swindle of American labor's savings built up in Medicare and Social Security. What a tool. The "change you can believe" just oozes.
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