Pardon My Politics

The world has grown a dis­turb­ing ad­dic­tion for oil. Many oil fields around the world are head­ed for de­ple­tion. Na­tion­al statis­tics are un­re­li­able at best, or clas­si­fied at worst, and na­tion­al oil com­pa­nies con­trol up to 80 per­cent of oil and nat­u­ral gas re­serves.

When discussing his criteria for a Supreme Court Justice less than a month ago, President Obama said “I view that quality of empathy, of understanding and identifying with people’s hopes and struggles, as an essential ingredient for arriving at just decisions and outcomes.” Evidently that is not a quality he requires of himself.

Did White House representatives utilize a well-calculated campaign of fear by threatening to ruin or destroy the reputation of certain companies if they didn’t fall in line? Before providing an answer, let’s look back to an incident that occurred in October 2008 when Treasury Secretary Henry Paulson gathered executives from America’s nine largest banks in a room, then gave each a one-page document and said, “No one is leaving this room until it’s signed.”

In the 1980s there was a banking crisis in the US caused by fraud in the Savings & Loan industry. How does today’s crisis compare? Twice as big, five times as big, ten times as big? Try 100 times bigger.

How did it happen? The people at the top of the biggest financial institutions were total crooks. Not a theory. A reality.

If you’re an American citizen, the federal government reserves the right to at any time, for any purpose to compel you by threat of fines and imprisonment to open up every detail of your financial life.

In contrast, the Federal Reserve is legally exempt from audit.

That’s right, the biggest financial force in the world which has absolute authority over the US money supply does not get audited – ever.