Guns and Fed Dissent ~ The Risk Averse Alert

Wednesday, January 16, 2013

Guns and Fed Dissent

Stepping back into mainstream reality, today's "Reducing Gun Violence" event held by the House Democratic Steering & Policy Committee offers useful sense of dialog originating with persons directly connected to the Newtown, CT massacre. Far be it for me to suggest incredulous perspective presented here over the past couple days in any way could drive the national agenda. Yet for the sake of contributing to the need for addressing all relevant issues, mine seems fair exercise of honorably intended free speech.

Thirty thousand annual gun related deaths in the U.S. is another matter entirely. Massacre in Newtown its own unique beast—an intrigue ladened point of special interest beyond the greater preponderance of gun related deaths whose incidence points to a different facet of the social breakdown we face

How does one not suspect economic marginalization is leading to increases in gun violence? Intuitively this seems credible cause-and-effect. Where of any value could we possibly go sweeping under the rug criminal financial acts likely at the root of circumstance causing increasing economic marginalization (most recently making LIBOR a household name, bolstered by Matt Taibbi's "Secrets and Lies of Bailout")? No "common sense reform" of laws regulating guns will mean a hill of beans absent righting wrongs directly responsible for crushing the aspirations of millions. And that's just in Greece.

So, I will respectfully disagree with Tarpley's take on the budding gun control debate...
"All financier #oligarchy factions agree-use gun wedge issue hysteria pro & con to cover massive demolition of #NewDeal economic rights #UFAA"
Webster Tarpley, 10 Jan 2013

I am not doubting the truth of his view. Rather recognizing opportunity to kill two birds with one stone, a new Pecora Commission investigating the causes of economic marginalization leading to a rise in gun violence seems a worthy point of attack on a weak flank. Constitutionally grounded justification in the federal government's imperative to "insure domestic Tranquility" and "promote the general Welfare," let alone "establish Justice," offers most legitimate, relevant basis.

Now, if I might say so, the conspiratorial slant presented here over the past couple days could be seen harmoniously with Matt Taibbi's narrowly focused disclosure in his "Secrets and Lies of Bailout." He in fact exposes a conspiracy much the same. To think elements promoting fraud in bailout are clean in matters more nefarious seems a leap of faith. The question is to what extent can we reasonably expect socially useful inquiry? A Pecora Commission being an already established precedent, there's reason to be optimistic some measure of justice one day will be done.

Truth is if U.S. capital markets ever again are to function normally in a climate of unquestioned confidence, then it is likely prosecution of criminal activity lenders of last resort since the 2008 crisis have been co-opted to defer inevitably must be pursued, and this notwithstanding restraints presented by statutes of limitation. Assuming central banks at the core of the trans-Atlantic are on their last leg, the moment of truth could be at hand.

Indeed, Dallas Fed President Richard Fisher tonight spoke of breaking up the twelve mega U.S. money center banks. Can this be accomplished without precipitating a crisis whose consequence shatters the veneer shadowing rampant fraud? This question did not come up following Fisher's speech.

More immediately, though, could Fisher's view, itself, precipitate "unintended consequences" serving the status quo since August 15, 1971 leading to consolidation of physical and financial assets? After all, Fisher is only the Dallas Fed President. Were he heading up the New York Fed, then his call might be regarded an imminent, game changing threat. Furthermore, might a major crisis sooner be manufactured whose effect would put the kibosh on Fisher's idea to break up "too big to fail," money center banks?

Word on the Street
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