Political Chess Match on the Road to Wiemar ~ The Risk Averse Alert

Monday, November 25, 2013

Political Chess Match on the Road to Wiemar

Having concluded Friday's post  raising necessity that, political power be mobilized to challenge a murderous oligarchy, let's briefly consider this in light of an organized caucus—the Tea Party—that in recent years has seized power, and has since seen its political influence significantly marginalized following the government shutdown in October. Although the Tea Party advocates a "free market" economic ideology not harmonious with superior American System of Political Economy thinking we favor here, the Tea Party's opposition to oligarchy in the matter of the Fed's hyperinflationary monetary policy probably reveals why its head has been run into a noose.

From the get-go we here recognized the Tea Party's stated opposition to Obamacare was a ruse, a no-go. More to the point, though, was the Republican Party's congressional leadership suggesting it was being hijacked by the Tea Party, forcing it to go along with think tanks and moneybags coaxing the Tea Party into shutting down the federal government in a play on the debt ceiling, advancing a claimed ambition to wreck Obamacare. No one questioned why a Congress bought-and-paid-for by Wall Street would aim to destroy the subsidy Obamacare gifts to Wall Street's insurance "industry." The Tea Party battering ram against Obamacare was fodder to sucker the Tea Party caucus, itself. There was a much different agenda being forwarded and the Tea Party was the mark.

Which caucus in Congress represents the strongest resistance to Yellen becoming the next Fed Chair? The Tea Party! Does anyone think the Tea Party will continue its ideologically based, "free market" obeisance driven opposition to the Fed's hyperinflationary bailout of an insolvent banking system following the November 5th shellacking it suffered at the polls on account of playing the lead role in the failed government shutdown? We might now rather expect Tea Party opposition to Yellen to be symbolic at best, particularly now that the Senate filibuster has been nuked, indicating the Senate's owners are in fact solidifying their malevolent dictatorship. Queen Confetti is a shoe in.

Which brings us to the now apparent reason why Capo Confetti was put out to pasture. Think chess. Several pieces must be moved before the Queen is positioned to strike. Confetti is a pawn in a game pitting oligarchy and its finance capital assets against sovereign self-determination. The latter's expression in Tea Party opposition to hyperinflationary debasement of dollar-denominated assets—a major battlefront in oligarchy's effort to bring the U.S. Treasury to its knees—was put in "check" in a move first luring the Tea Party's aggression, which move proved foolish, and so now in an act of self-preservation all the more assured by Senate Democrats killing the filibuster, the Tea Party's is forced to go along with oligarchy's agenda. Bernanke's "retirement," the federal government shutdown, and the media's playing up Tea Party opposition to Obamacare were, together, a means to an end disguised to appear unrelated, but in fact were orchestrated to coerce the Tea Party back onto the reservation.

Thus, it rather appears, then, the path oligarchy has chosen to destroy the U.S. Treasury is via hyperinflationary blowout on the Wiemar model. Positively no quarter will be given to a libertarian Tea Party clamoring for market driven monetary policy wherein the invisible hand would be left to separate the wheat from the chaff in general liquidation of bad credits. Nothing risking a Great Depression redux will be encouraged, and this intention has been made clear with the Tea Party's marginalization.

Now, we might be indicted slow to perceive the larger intention behind the drive to "save the world from another Great Depression." Yet post-2008 Fed policy has been an exercise in managing perceptions—confidence—knowing full well the recklessness of quantitative easing. Only through deceptive transition moving pawns leading the Fed, which over recent months conceded Bernanke's capture and followed this with Yellen's advance, and significantly, through more recent moves deceitfully cornering the Tea Party and putting it in check, has yesterday's stated desire to avoid another Great Depression blossomed into a full blown commitment rather impossible to ignore. Truly, though, this is a classic example of be careful what you wish for! A Wiemar blowout certainly will be un-Great Depression-like to be sure. Of course, left unspoken is the fact it certainly will be a far worse nightmare, and this more critically for rich and poor alike, which distinction, too, has a meaningful political intention that, for an anti-social oligarchy makes the Wiemar option all the more desirable.

A continuity of subversion has proceeded from the assassination of President John F. Kennedy right up to the present moment. Surely, JFK ventured to both broaden and deepen FDR's activist Executive leadership, and it was for this cause a Venetian-modeled oligarchy, through its intelligence services assets, murdered him in broad daylight. It stands to reason, then, nothing in the way of the American experience that could potentially awaken activist Executive leadership will be risked at this extraordinarily vulnerable moment fraught with potential for political outliers upsetting the applecart towing oligarchy's war machine against the sovereign nation state at whose apex is our constitutional republic. Thus, too, the intention to Wiemarize the U.S. dollar and destroy dollar-denominated wealth up and down the social class ladder should be understood an attack of extraordinarily broad dimension. The Roosevelts and Kennedys of our time will not be spared if a subversive, anti-social oligarchy can help it. Rather than thoughtful leadership inspired by want and despair oppressing largely working class Americans, the Wiemar card played out will significantly impact the ruling class, as well, and pave the way for some new Hitler, er uh, I mean Cheney—irrational totalitarianism—at some not-too-distant date.

Now the question is how will we transition from today's lender of last resort acts managing perceptions skating on the thin ice of confidence those in the know maintain toward a hopelessly insolvent trans-Atlantic banking system to full blown hyperinflationary chaos? How might political impulses desiring activist Executive leadership be smashed as events unfold and inevitably lead to all manner of desperation and destitution unlike that experienced during the Great Depression, with far broader effect bringing utter ruin and a complete sense of hopelessness to rich and poor alike? This second question really is of paramount importance to those opposing republicanism in principle, venturing destruction of the constitutional republic of the United States most emphatically. Were conditions exposing profound vulnerability on all fronts not so well advanced, we could accept how this seemingly impossible conclusion might be deemed delusional. However, fundamental matters reflecting on the nation's well-being have been put at grave risk for a reason. The United States clearly is set up for calamity threatening its extinction. It is no stretch supposing subversion of the American republic's viability is a consequence of a longstanding enemy's intention. Tyranny is its lifeblood. Oligarchy is its organized form.

Dire necessity requiring political power be mobilized in a fight against oligarchy—which need has become more pressing since 2008 and is virtually certain to increase—represents the true battleground on which the republic will be won or lost in the coming period. So as the Wiemar intention plays out, we might better expect every effort to subvert sovereign expression of socially benevolent political power, and containment of growing clamoring for this, much as we have seen since 2008 in fact. We evidently are well-advised, too, to be on the lookout for shadows of benevolent policy more so acting as a smokescreen than representing any meaningful shift, with rats reversing course in the Middle East vis-à-vis Syria and Iran presenting a contemporary case in point.

As for effective political resistance to an anti-social oligarchy's Wiemar attack whose intention the Tea Party's marginalization confirms, the hour is late, indeed, but never too late to seize the Fed and dedicate its credit creating power to the task of building out a physical economic platform worthy the 21st century. Energy self-sufficiency seems a suitable rallying call, while advocating for tighter public control over energy production in the here and now (both electricity and fuel) could assure a greater measure of price stability needed to reach this goal. No doubt a tall order. The alternative, though, is surrender to complete social, economic and political breakdown. This state of affairs a supra-national, Venetian-modeled oligarchy rather clearly aims to forward over the coming period. Indeed, ever since the Bretton Woods system of fixed exchange rates was scuttled on August 15, 1971 the trend toward social insecurity has been relentlessly advancing. This trend appears on the verge of accelerating toward its final destination. At stake is a United States in its present constitutional form representing in principle a beacon of liberty and a temple of hope. Today's inept ruling class may be in for a rude awakening, but what's to follow is our immediate concern. Neither needed nor desirable is any sentiment even more unthinking, insensitive and uncourageous than dominates the nation's political life right now. This is the direction in which a frightened ruling class has led the nation for decades now. Stopping this counterproductive trend first and foremost requires Congress seize the Fed and take hold of constitutional powers it possesses to promote the general welfare.

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