US: Total Crash of the Entire Financial System Expected, Say Experts

Investors are fleeing from the U.S. stock market, Sending the Dow to Worst June Since Depression, looking for places to secure their wealth.

There is an unprecedented cash flow of ‘hot money’, which is usually defined as short-term global speculative funds moving among financial markets in search of the highest short-term return, moving into China:
Is China flooded with ‘hot money’ because of an expected meltdown in the U.S.?

Let’s further examine the prospects that we would experience a total crash of the entire financial system:

Fortis Bank Predicts US Financial Market Meltdown Within Weeks

We have seen the Dow suffering it’s worst 1st half since ‘70 accompanied by a lot of bad news for the economy like:
US: Big Trouble for General Motors, Crysler and Ford
America’s Aviation System About To Collapse
Starbucks to cut as many as 12,000 positions
And now the corporations are cheating you at the supermarkets: America’s Shrinking Groceries

The Dollar is being destroyed by the Federal Reserve, which has created in the last three years 4 Trillion Dollars of new money out of thin air: Ron Paul on Iran and Energy June 26, 2008

Ron Paul is further warning that: This coming crisis is bigger than the world has ever experienced
and that: We are at the beginning of a huge Dollar bubble.

The US Federal Reserve intentionally created inflation and that is why its credibility has fallen “below zero” and that is why Barclays warns of a financial storm as Federal Reserve’s credibility crumbles.

More dire warnings:
RBS issues global stock and credit crash alert
Morgan Stanley warns of ‘catastrophic event’ as ECB fights Federal Reserve
Central bank body warns of Great Depression
Credit crisis expands, hitting all kinds of consumer loans
How Low Can The Dollar Go? Zero Value

Investors like Jim Rogers are telling us to “Avoid The Dollar At All Costs” and have told us that the Federal Reserve will fail and that Bernanke should be fired (alhough that isn’t possible because of his contract), because he has created the worst recession in the end and thats why he said: “Abolish the FED” on CNBC 2008.03.12.

The Fed is only doing good for the big corporations on Wall Street. If you would continuously come close to bankruptcy, because you have irresponsibly wasted your money, who will continuously give you billions of Dollars and bail you out, because you might fail? So I agree totally with Marc Faber: ‘Misleading’ Fed Should Let Banks Fail.

Well those corporations are said to be to “Big to Fail”, but they eventually will fail, because the entire system will fail and the Dollar is being destroyed in the process and so the people will end up with nothing, because their life savings are worthless paper. You are already paying the price for this policy, but maybe you haven’t looked at it that way:
The Price Of Food: 2007 – 2008
What inflation really is, is a taxation on monetary assets. And guess who is paying for all of that?

I just love this video. A must see:
The Stock Market and the Monetary System are on the verge of collapse!

Read moreUS: Total Crash of the Entire Financial System Expected, Say Experts

The US is not a republic anymore

Related article:US needs 100 years to recover from Bush


Gore Vidal

An interview with Gore Vidal by Afshin Rattansi, Press TV, Tehran:

Press TV:We hear that Michael Mukasey is going to become the latest of the President’s Attorney-Generals to be subpoenaed, this time over his conversations with Bush and Cheney – does this show that Congress is serious about calling the executive to account?

Gore Vidal: No, Congress has never been more cowardly, nor more corrupt. All Bush has do is to make sure certain amounts of money go in the direction of certain important congressmen and that’s end of any serious investigation. After all, one of the bravest members of Congress is Dennis Kucinich who brought the article of impeachment in to the well of the House of Representatives. The House of Representatives must then try the president, and then after that it goes to the Senate for judgment. However, none of these things will happen because there’s nobody there except for Mr. Kucinich who has the courage to take on a sitting president who is kind of a Mafioso.

Press TV: How can it just be one person among so many hundreds of Congressmen who wants the impeachment of George W. Bush in these circumstances?

Gore Vidal: Well it’s because we no longer have a country. We don’t have a republic any more. During the last 7 or 8 years of the Bush regime, they’ve got rid of the Bill of Rights, they’ve got rid of habeas corpus. They have got rid of one of the nicest gifts that England ever left us when they went away and we ceased to be colonies – the Magna Carta – from the 12th century. All of our law and due process of law is based on that. And the Bush people got rid of it. The president and little Mr. Gonzales who for a few minutes was his Attorney General. They managed to get rid of all of the constitutional links that made us literally a republic.

Press TV: You have often written about the US’s superpower status in terms of the history of previous superpowers. Do you think we’re witnessing the end of US power as some suggest. Will the White House be seen like Persepolis?

Gore Vidal: Well it won’t make such good ruins, no. It’ll be more like the tomb of Cyrus nearby. They managed to destroy the United States – why? Because they’re oil and gas people and they’re essentially criminals. I repeat that this is a criminal group that’s seized control of the country through what looked like an ordinary election. But there’s some very nice films and documentaries about what happened in the year 2000 when Albert Gore won the election for president and they saw to it that he couldn’t serve. They got the Supreme Court – which is the Holy of Holies ordinarily in our system – to investigate and then accuse the thieves of being absolutely correct and the winners – Mr. Gore and the Democrats – of being the cheaters. It’s the first law of Machiavelli, whatever your opponent’s faults are, you pick his virtues and you deny he has them. That’s what they did when Senator Kerry ran a few years ago for president. He’s a famous hero from the Vietnam War. They said he was a coward and not a hero. That’s how it’s done. When you have a bunch of liars in charge of your government you can’t expect to get much history out of that. But later on we’ll dig and dig… and we will dig up Persepolis.

Press TV: Senator Obama talks about change but of course he has courting Wall Street as well as the Israeli lobby – do you see any prospect of change with him as president?

Gore Vidal: Not really. I don’t doubt his good faith, just as I do not doubt the bad faith of Cheney and Bush. They are such dreadful people that we’ve never had in government before. They would never have risen unless they were buying elections as they did in Florida in 2000, as they did in the State of Ohio in 2004. These are two open thefts of the Presidency. When I discovered that this did not interest the New York Times or the Washington Post or any of the press of the country I realized our day was done. We are no longer a country we are a framework for crooks to go in and steal money. Knowing that they’ll never be caught and they’ll be admired for it. Americans always take everybody on his own evaluation. You say I’m a state and they say “oh, yeah yeah yeah, he’s a state, isn’t that great.” And you accuse the other people of your crimes before you commit them. It’s an old trick which was known to Machiavelli who wrote about it in his handbook, the Prince.

Press TV:Finally that issue which is exercising so many minds in the Middle East and beyond. You, yourself have written about so many Imperial wars of the United States. Do you think Bush and Cheney would risk another war in what Mohammad ElBaradei of the IAEA calls a fireball?

Gore Vidal: They are longing to but they have spent all of the money. They have got it in their own private companies like the Vice-President and a company called Halliburton which is stealing more money and should be on trial sooner or later before Congress. But perhaps not, who knows? But it’s well known in Washington, these people are leaking away the money of the country. Well there’s no more money. They are longing for a war with Iran. Iran is no more a harm to us than was Iraq or Afghanistan. They invented an enemy, they tell lies, lies, lies.
The New York Times goes along with their lies, lies, lies. And they don’t stop. When the public that’s lied to 30 times a day it’s apt to believe the lies, is not it?

Read moreThe US is not a republic anymore

Worse Than Any Impeachable Offense

I would never have thought there’d be any greater crimes than those of George W. Bush, nor any villain greater. I’m wrong. And no, it’s not Dick Cheney, either, or anything he’s perpetrated. Nor any of their colleagues.

It’s Nancy Pelosi, and her colleagues, and what they seem quite literally hell-bent on doing.

Why at this late date do we still revile onetime British Prime Minister Neville Chamberlain in public as loudly, if not moreso, than we even condemn Adolf Hitler? Why, by now, has Neville Chamberlain has been positioned as the ultimate “My Pet Goat” of the 20th Century? Certainly he did not instigate the Final Solution. Surely he did not whip up the murderous furor of The Third Reich. But his name is still spoken with great villification and scorn, nonetheless.

Why?

Because he enabled. He let it all happen, with his now-tragically gullible decision to cave to Hitler when he could have taken a stand. He could have stopped one of the biggest living nightmares in human history, or at least slowed it down. Instead, he thoughtfully and cautiously stepped out of the way and invited it to rage ahead, much to all of our sorrow. He had the power to impede it, he was in position to be able to hobble it – even if only a little. He could have made a difference, perhaps sparing millions of lives, and decades of grief. He chose not to. Oh, he knew better.

By his negligence, cowardice, short-sightedness, and lousy strategizing, Chamberlain helped Hitler along the way to Damnation, surely earning himself a place in the Fuhrer’s boat across the River Styx. Never mind the so-called Saddam or al Qaeda “appeasers” now — whose names are belched out of Republican/arch-conservative hate-radio boombox mouths as “appeasers”, as though the speakers had just been issued their orders for vigorous exercise of the new vocabulary word of the day. THAT move by Chamberlain was appeasement. That was the geniune article. That was then.

This is now.

Nancy Pelosi is the Neville Chamberlain of this day, in this country. She and her colleagues in the 110th Congress will likely be remembered by history in dramatically more disturbing ways than they had ever wanted or imagined. Some constitutional scholars have historians beat — they’ve already arrived at that conclusion. George Washington University law professor Jonathan Turley has already warned that history will look very harshly on those Democrats who did nothing to hold the worst criminals ever to blight the Executive Branch accountable for anything they’ve perpetrated. Failing to follow through on the 35 Articles of Impeachment as presented by Representative Dennis Kucinich and cosponsored by colleague Robert Wexler has put a permanent mark on Pelosi’s political soul, and on her record. And she’s not just failing to follow through on even one of these impeachment resolutions, she’s actively discouraging and suppressing them all. Even worse!

Read moreWorse Than Any Impeachable Offense

Kucinich presents Bush impeachment articles

An Ohio Democratic lawmaker and former presidential candidate has presented articles of impeachment against President George W. Bush to Congress.

Thirty-five articles were presented by Rep. Dennis Kucinich to the House of Representatives late Monday evening, airing live on C-SPAN.

“The House is not in order,” said Kucinich to Speaker Nancy Pelosi (D-CA), upon which Pelosi pounded her gavel.

“Resolved,” Kucinich then began, “that President George W. Bush be impeached for high crimes and misdemeanors, and that the following articles of impeachment be exhibited to the United States Senate. …

“In his conduct while President of the United States, George W. Bush, in violation of his constitutional oath to faithfully execute the office of president of the United States, and to the best of his ability preserve, protect and defend the Constitution of the United States, and in violation of his constitutional duty to take care that the laws be faithfully executed, has committed the following abuses of power…”

The first article Kucinich presented, and many that followed, regarded the war in Iraq: “Article 1 – Creating a secret propaganda campaign to manufacture a false case for war against Iraq.”

On several occasions, Kucinich referenced RAW STORY and its noted investigative news chief, Larisa Alexandrovna, as source material for the articles. Two of the RAW STORY pieces Kucinich mentioned are viewable here and here.

Kucinich, a 2004 and 2008 Democratic candidate for the White House, abandoned a prior attempt to begin impeachment proceedings against Bush in January of this year.

In April of 2007, Kucinich presented impeachment articles against Vice President Dick Cheney, but the effort went nowhere. Kucinich exclaimed that “impeachment may well be the only remedy which remains to stop a war of aggression against Iran.”

Before leaving office in January 2007, then-Democratic Rep. Cynthia McKinney–currently a Green Party presidential candidate–introduced articles of impeachment against President Bush as her last act in Congress, but that effort also was fruitless.

Tuesday’s follow-up story at this link: Mainstream media yawns as Kucinich offers impeachment.

Plus Impeachment resolution gains co-sponsor.

This video is from C-SPAN, broadcast June 9, 2008.

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Kucinich references RAW STORY


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Rough closed caption transcript of the first 10 minutes of proceedings follow…

Read moreKucinich presents Bush impeachment articles