NewGlobalOrder Governance

Dear professor, as I’ve seen that Your Internet-page posting Your readers’ contributions lacks since time of new posts, I’m herewith forwarding You the following considerations related to the ongoing attempt to ‘re-founding capitalism’ by the White House and the USA Congress.

Sadly enough Wall Street is excellently represented in Washington both at the White House (in the President’s staff disregarding their political Party) and at the Senate (where each Senator can rely upon the stability in his office for the duration of at least six years).

Main Street interests can instead only relate to their Representatives who (being fully re-elected every two years) result more empathetic with the common needs expressed or emerging in their electoral constituencies.

This situation has led to the first refusal to approve the illiberal remedial Bill conceived by Wall Street to transfer the costs of their crisis upon the USA taxpayers’ distorting therewith the legitimacy itself of the free-market concept in the USA. I.e. “the freedom to choose shall be strictly associated to the individual responsibility for the choices assumed”.

The Senate under pressure by the Wall Street lobbies has instead approved the “irresponsible” Bush-Proposal. Now I fear that the House of Representatives as well will change its vote approving a true European-style (‘a l’europeenne’) distortion of the USA constitution leader of world free-market hegemony. The only element upon which liberal-democracy is solidly founded.

This act would inevitably bring Barack Obama to prevail upon John McCain. A fact that would else have been absolutely impossible (non-withstanding the constant backing expressed by the “pro-socialist” liberal-radical lobbies in the press and in Hollywood).

Should Obama win (tank this illiberal ‘lobbying’ action benefitting the financial Wall Street “elites”) we’d quickly assist to the application of an analogue political ‘philosophy’ by the other “illiberal” and “irresponsible” Wall Street Lobbies (financial-insurance ones) to the benefit of State spending growth in other sectors of the “market” (health-care, education, energy, ecology) along the criteria inspiring the demagogues in the USA (Hillary Clinton, Al Gore, Ted Kenney, Oil Producers).

In that case we’ll have assisted to the replica of the “ancient Rome paradox” i.e.: “once captured Greece, Rome turned into Greece-like culture”.

We won’t any longer “progress” along the USA ‘road to a socialist free-market” but we’ll assist to the “transfer” of Old-Europe’s State-socialism to replace free-market and its strictly associated “liberal-democracy”.

I don’t feel any longer being the traditional sceptical but optimist observer that I have always been. I am instead evaluating to nourish the alternative cynical-pessimism that inspires since always our fellow-europeans who didn’t dare yet to move their ass to become members of the “Land of the Brave, Land of the Free”.

I’m aging too!!!!. I’d had never believed it possible!!!!!!!!.

The root cause that created the credit crisis was an innovative instrument created back in 1996 by a small group of execs from JP Morgan to try creating a tool that would serve the new capitals’ demand forcedly by circumventing the old inadequate regulations that required maintaining liquid reserves equal to an established % of loans to insulate the loan risk. In fact that event happened a mile from my home in Boca Raton. That instrument is now known as a CDS (credit default swap). It is simply an insurance policy that covers the risk of default for those banks, etc. that hold large blocks of debt both commercial paper and mortgages. That allows the bank to circumvent the reserve requirement because in theory the insurance policy removes risk from those loans. The banks can then escalate their loan portfolio by leveraging their reserves to a higher loan to reserve ratio serving therewith the new demand of capitals needed by the global expansion of the industrial-capitalist model. AIG produced its fertile results by implementing the present world hegemony of the industrial system that will compel now all Countries’ regimes’ and supranational institutions to adapt to the new ‘status quo’ their obsolete procedures safeguarding though the very core of wealth production, i.e.: the liberal-democratic inspiration of the technological progress. They apparently ‘failed’ in the individual Countries only because, as an insurer deep into CDS's by writing insurance on this risk, they defaulted on these policies when foreclosures escalated. AIG got good premium money for the insurance but had no tested actuarial basis for determining risk which is quite different than most insurance risk like fire and auto. That brought to the ongoing ‘healthy’ and fully legitimate under the free-market concept crisis of the old financial and banking groups. Some of them will absorb the failing ones and assume the leadership on the global financial markets. And will be able to produce their ‘innovative’ lobbying actions towards the institutions that will be able assuming the role of the overall governance of the new system. This is the dawn of the New Global Order imposed by the non-sectarian growth of industrial progress. This is along the pure ‘conservative’ Spirit of ’76. It’s the ‘free market’ tycoons that impose their emerging capitals’ demand to Wall Street. It’s the Wall Street’s ‘pirates’ to create the ‘innovative’ (forcedly ‘out-of-law’) tools to fulfill those new demand. It’s Wall Street to ‘lobby’ the Congress with their request of ‘new laws’ (in order to legalize their ‘out-of-law’ innovations). Now it should be Main Street to ‘lobby’ the congress to avoid that the needed ‘legalization process’ would assume ‘socialist roads’ (taxpayer’s costs) rather than consistent conservative roads legitimated by the USA ‘Spirit of ‘76’ (consumers’ and saver’s risks).

The bad policy by Fannie and Freddie (‘irresponsible’ State Owned institutes fully out-of-law in the ‘conservative’ Spirit of ’76) exposed the ‘tax payer’ to a manageable level of risk even though they were out of control and fully ineffective on the economical balance. ‘Leveraging’ accelerated lending along with low interest rates by the fed. Home prices ramped up because there was easy credit at low cost. That was useful to collect the immediate additional capitals as planned by the effective and legitimate Wall Street ‘pirates’. That supplied new funds to implement the tycoon’s requested ‘internationalization’ of industrial growth (IBM-China agreement; ‘delocalization’ of manufacturing plants; Steven Spielberg delocalization in India) could take place. The new industrial growth has opened new global markets to ‘commodities’ such as crude oil but to mais and soya beans and nuclear energy and cellular phones and communications. That is a huge income opportunity for all the economical systems. They shall only adapt their role to the market request of producing globally at the most rewarding cost the goods and services that the market demands. Forgetting about ‘old good times’ that never exist nor ever existed under the canopy of heaven. Nor has ever been the promise of the Founding Fathers in the ‘Spirit of ‘76’ during the conquest of the Continent (check ‘The Make of a Nation’), nor during the ‘implementation’ of America (through the oil-tycoons, the steel-rail-tycoons, the finance-tycoons, the media-tycoons periods). The only value worth to be ‘conserved’ is the individual freedom and responsibility to pay individual costs of each-owns’ individual acts. This is the revolutionary Spirit of ’76. No wise and benevolent sovereign in Washington DC can replace the American Spirit. They would only ‘swing America back’ to experience anew the old-times pre-revolutionary European status of ‘subjects’ to government always ’irresponsible’ Acts.

Banks had more money to lend because of CDS activity which is estimated to have created a risk pool in excess of 6 trillion with loss reserves of less than 5% due to lack of regulated reserve requirements.

The bottom line is those JP Morgan boys had one purpose in mind and that was a way to maximize loan to reserve ratios and create more investment capital. Fannie and Freddie are like a gallon of gas looking for a light but CDS made that gallon grow to a tanker of toxic debt. And the beat goes on!!!!!

No fear of many possible big dominos destroying the world economy and forcing the entire world into “The Greatest Depression Ever” can convince a Free and Brave American to seek protection under a wise and benevolent Sovereign.

This election has to worry us. So many things to consider. About a year ago someone of the Brave and Free Americans would have voted for Obama. They changed their mind since then. They watch all the news channels, jumping from one to another. This drives some of them crazy but, viewing MSNBC, CNN, and Fox News, they might get some middle ground to work with. About six months ago, they started thinking "where did the money come from for Obama". They have in-family’s who went to College, they are middle class, and know that money was tight. They, including their in-family’s worked hard, there were lots of student loans.
They started looking into Obama’s life. Around 1979 Obama started college at Occidental in California. He is very open about his two years at Occidental, he tried all kinds of drugs and was wasting his time but, even though he had a brilliant mind, did not apply himself to his studies. "Barry" (that was the name he used all his life) during this time had two roommates, Muhammad Hasan Chandoo and Wahid Hamid, both from Pakistan. During the summer of 1981, after his second year in college, he made a "round the world" trip. Stopping to see his mother in Indonesia, next Hyderabad in India, three weeks in Karachi, Pakistan where he stayed with his roommate's family, then off to Africa to visit his father's family. My question - Where the heck did he get all the money for this trip? - Neither of them nor of their children would have had money for a trip like that while they where in college.

When he came back he started school at Columbia University in New York. It is at this time he wants everyone to call him Barack - not Barry. They know what the tuition is at Columbia. It's not cheap! to say the least. Where did he get money for tuition? Student Loans? Maybe. After Columbia, he went to Chicago to work as a Community Organizer for $12,000. a year. Why Chicago? Why not New York? He was already living in New York.

By "chance" he met Antoin "Tony" Rezko, born in Aleppo Syria, and a real estate developer in Chicago. Rezko has been convicted of fraud and bribery this year. Rezko, was named "Entrepreneur of the Decade" by the Arab-American Business and Professional Association".

About two years later, Obama entered Harvard Law School. They have an idea what tuition is for Harvard Law School. Where did he get the money for Law School? More student loans? After Law school, he went back to Chicago. Rezko offered him a job, which he turned down. But, he did take a job with Davis, Miner, Barnhill & Galland. Guess what? They represented "Rezar" which Rezko's firm. Rezko was one of Obama's first major financial contributors when he ran for office in Chicago. In 2003, Rezko threw an early fundraiser for Obama which Chicago Tribune reporter David Mendelland claims was instrumental in providing Obama with "seed money" for his U.S. Senate race.

In 2005, Obama purchased a new home in Kenwoood District of Chicago for $1.65 million (less than asking price). With ALL those Student Loans - Where did he get the money for the property? On the same day Rezko's wife, Rita, purchased the adjoining empty lot for full price. The London Times reported that Nadhmi Auchi, an Iraqi-born Billionaire loaned Rezko $3.5 million three weeks before Obama's new home was purchased. Obama met Nadhmi Auchi many times with Rezko.
Now, we have Obama running for President. Valerie Jarrett, was Michele Obama's boss. She is now Obama's chief advisor and he does not make any major decisions without talking to her first. Where was Jarrett born? Ready for this? Shiraz, Iran! Do we see a pattern here? Or am I going crazy? On May 10, 2008 The Times reported, Robert Malley advisor to Obama was "sacked" after the press found out he was having regular contacts with "Hamas", which controls Gaza and is connected with Iran. This past week,buried in the back part of the papers, Iraqi newspapers reported that during Obama's visit to Iraq, he asked their leaders to do nothing about the war until after he is elected, and he will "Take care of things". Oh, and by the way, remember the college roommates that where born in Pakistan? They are in charge of all those "small" Internet campaign contribution for Obama. Where is that money coming from? The poor and middle class in this country? Or could it be from the Middle East? And the final bit of news. On September 7, 2008, The Washington Times posted a verbal slip that was made on "This Week" with George Stephanapoulos. Obama on talking about his religion said, "My Muslim faith". When questioned, "he made a mistake". Some mistake! All of the above information I got on line. If you would like to check it - Wikipedia, encyclopedia, Barack Obama; Tony Rezko; Valerie Jarrett: Daily Times - Obama visited Pakistan in 1981; The Washington Times - September 7, 2008; The Times May 10, 2008.
Now the BIG question - If I found out all this information on my own, why haven't all of our "intelligent" members of the press been reporting this? A phrase that keeps ringing in my ear - "Beware of the enemy from within"!!!

I do still have full confidence in the USA citizens (the best of people who emigrated in the 'Land of the Brave to achieve their Freedom' from the many Wall Street-sort of lobbying elites we are experiencing since always in old rotten Europe). I hope that Your House of Representatives will reject the Goldman Sachs's inspired Bill. Else USA will gradually fall back into the 'socialist-inspired', bleeding-hearted supported leftist illiberal un-american sort of top-down government that the Founding Fathers had separated from thanks to the 1976 Constitutional principles and Charters. This is the sense of the letter whose translation I have posted.

Don't be mislead; the present crisis isn't a 'financial disaster' it's a healthy financial step to invade the world by the american-capitalist-industrial-based system. Wall Street did its good job along the WASP 'conservatism'. What is absolutely 'socialist' is the successive step to dilute the costs of the temporary 'financial recovery' from that Wall Street effort upon the taxpayers instead that to let it be paid by the 'consumers-savers' who had adhered 'freely & responsibly' to the money-collection process.

Again in that 'socialist step' Wall Street lobbies have done an excellent job (the elites in any institutional regime have the goal to safeguard their status and avoid paying their errors).

The failure has been in the Main Street lobbying system that failed in pretending from their Representatives and Senators to reject the 'Lobbied Bill'.

Now on November the 4th Main Street has its chance to recover by electing to the new Congress only Representatives and Senators of a pure Davy Crocket-Maverick stature and the 'Maverick' with AK-hockey-mom at the WH

I submitted my opinion on what has already happened and on what it may be acted now.

Wall Street did its 'conservative' excellent job by 'creating' innovative financial products fit to 'invade the world' with USA-made industrial- capitalist hegemony. That 'invasion' is the ultimate success of the WASPs USA along the conservative tradition. What failed is only the effectiveness of the Main Street lobbying system that should have been inspired by the 'founding fathers pride' for freedom and individual deeds' responsibility towards their Congressmen to 'reject' the Wall Street-inspired Bill. Now you get a new chance of casting the right American Pride vote in November to stop the nasty consequences of that Bill upon the whole political free-market-based liberal- democratic USA regime. Else Wall Street will go ahead with 'socialist Bills' to cover the costs of any future 'progressive reform' may it be 'health care' or 'ecology protection'. Teddy Roosevelt started the National Parks not the crippled FDR nor Al-Fake-Nobel-Price-Gore. React for God's sake! Show American Main Street has still fully operative male-attributes (even if occasionally named Kalamity Jane or Sarah Palin)

Lovely American friends You’ve to show that Main Street is still alive. You are informed and analyze carefully anything that has impact upon your November vote. The information may be fully correct and only you will have the responsibility to elect an ‘America conservative’ Congress and a consistent White House rather than two 'socialist-inspired' lobby-prone ones. That is the cost of freedom, dear Davy Crockets, in your next November’s electoral test.

The count of how many free-and-brave men still exist in Main Street (not in Wall Street that is doing excellently its job at a world-level).

Please take any action upon Your Representatives to avoid them to enforce the ‘socialist-Bill’ suggested to the fading Bush presidency by the Wall Street lobbies active in the USA Senate. The full renewal of the House is the last-hope to avoid the USA to become a sort of fake-copy of the European elites-run governments from which Your founding Fathers (and the proud patriots from Jefferson, Davy Crocket, Teddy Roosevelt, Ronnie Reagan and … yes Bill Clinton as well!!!) have taken distance by stating the principles of the USA Charter of Human Rights.