Sunday, December 30, 2012

Yves Smith — Banks Deeply Involved in FBI-Coordinated Suppression of “Terrorist” Occupy Wall Street

The peculiar part of this overreaction is it says that banks and government officials see peaceful protests as a threat to their hold on power. It’s odd that they see their position as precarious, unless they have convinced themselves of their vulnerability as an excuse for clamping down even harder on the rest of us.
Naked Capitalism
Banks Deeply Involved in FBI-Coordinated Suppression of “Terrorist” Occupy Wall Street
Yves Smith

The same can be said of the hugely disproportional reaction of the US Establishment to 9/11, which continues into the present, depriving US citizens of civil liberties and constitutionally guaranteed rights in the name of an amorphous and ill-defined "Global War on Terror."

This also brings up the disproportional reaction to possession and trafficking of illegal drugs under the rubric, "War on Drugs" that has resulted in a disproportional swelling of the US prison population and the expansion of a privately owned and operated prison industry at government expense.

This is exactly what the Founding Fathers drafted the US Constitution and Bill of Rights to prevent being repeated in America.

And no, I don't buy the Rothbardian-Libertarian argument that this is all the predictable result of "Keynesianism" and that all we need to do to fix this morass is privatize the monetary system and get government out of the way.

Meanwhile, the TBTF (to big to fail) bankers are now found to be TBTJ (to big to jail).

This is a constitutional crisis rocking the very foundations of the nation and threatening the Great Experiment with failure. The nation needs the leadership of a constitutional lawyer. Oh, wait!

2 comments:

Anonymous said...

And no, I don't buy the Rothbardian-Libertarian argument that this is all the predictable result of "Keynesianism" and that all we need to do to fix this morass is privatize the monetary system ... Tom Hickey

It is actually impossible to have a truly free market in private money creation UNLESS all government money is inexpensive fiat that it alone creates. Why? Because any private money or private money form (e.g. precious metals) accepted by government will have an advantage over those monies or money forms not accepted. Thus government would have to accept all private monies and private money forms equally or to accept none of them at all. Since the former is impossible then the later is the only remaining choice.

Ryan Harris said...

Interesting article, The glimpse into the security apparatus of the state frightens more than Orwell ever dreamed. My imagination runs wild with all the ways it will be used and abused. Good thing the two-party state is run by benevolent souls that work tirelessly on behalf of the citizens.