http://www.globalresearch.ca/martial-law-and-the-economy-is-homeland-security-preparing-for-the-next-wall-street-collapse/5353267The Next Time WILL Be Different
"... Fear of this threat was echoed in September 2008 by US Treasury Secretary Hank Paulson, who reportedly warned that the US government might have to resort to martial law if Wall Street were not bailed out from the credit collapse ....
What triggered the 2008 crisis was a run, not in the conventional banking system, but in the “shadow” banking system, a collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but are unregulated. They include hedge funds, money market funds, credit investment funds, exchange-traded funds, private equity funds, securities broker dealers, securitization and finance companies. Investment banks and commercial banks may also conduct much of their business in the shadows of this unregulated system.
The shadow financial casino has only grown larger since 2008; and in the next Lehman-style collapse, government bailouts may not be available. According to President Obama in his remarks on the Dodd-Frank Act on July 15, 2010, “Because of this reform, . . . there will be no more taxpayer funded bailouts – period.”
Governments in Europe are also shying away from further bailouts. The Financial Stability Board (FSB) in Switzerland has therefore required the systemically risky banks to devise “living wills” setting forth what they will do in the event of insolvency. The template established by the FSB requires them to “bail in” their creditors; and depositors, it turns out, are the largest class of bank creditor. (For fuller discussion, see my earlier article here.)
When depositors cannot access their bank accounts to get money for food for the kids, they could well start breaking store windows and helping themselves. Worse, they might plot to overthrow the financier-controlled government. Witness Greece, where increasing disillusionment with the ability of the government to rescue the citizens from the worst depression since 1929 has precipitated riots and threats of violent overthrow.
Fear of that result could explain the massive, government-authorized spying on American citizens, the domestic use of drones, and the elimination of due process and of “posse comitatus” (the federal law prohibiting the military from enforcing “law and order” on non-federal property). Constitutional protections are being thrown out the window in favor of protecting the elite class in power.
The Looming Debt Ceiling Crisis
The next crisis on the agenda appears to be the October 17th deadline for agreeing on a federal budget or risking default
on the government’s loans. It may only be a coincidence, but two
large-scale drills are scheduled to take place the same day, the “Great ShakeOut Earthquake Drill” and the “Quantum Dawn 2 Cyber Attack Bank Drill.”
According to a Bloomberg news clip on the bank drill, the attacks being
prepared for are from hackers, state-sponsored espionage, and organized
crime (financial fraud).
One interviewee stated, “You might experience that your online banking is down . . . . You might experience that you can’t log in.” It sounds like a dress rehearsal for the Great American Bail-in.
On
7 October 336 Saint Pope Mark died and the day became his Feast Day. In
Catholicism, whenever a saint dies, a day is dedicated to them, usually
the day of their passing, which is called that saint’s Feast Day.
Feast Days are given to every saint and therefore happen all throughout
the year, but each saint only gets one day a year. Feast Days are
celebrated with a religious service in the saint’s honor, a series of
hymns, and sometimes fasting (voluntary abstinence from foods/drinks). >>Fasting is also used in a non-religious aspect for its health
benefits. People that fast generally wish to lose weight or detoxify the
body. Research shows that fasting aids the effects of chemotherapy,
reduces the risk of diabetes
and cardiovascular disease, and was also believed in earlier
civilizations to be a remedy for certain ailments before more advanced
medicines had been discovered.
Meet the Author: Zachary Yates
–Zachary Yates
Meet the Author: Zachary Yates
I’m a freshman at Schoolcraft and plan on transferring to Madonna
University to become a sign language interpreter. My dream is to move to
New York because I love big cities and excitement. My interests include
language and travel. I’ve been on 13 cruises to places around the world and am fluent in three languages. Life is my passion and I love living it to the fullest.
CENSORING OF THIS CAUSED THE WORK TO BE WHAT IT IS, NOT HOW THE POST WAS CREATED BUT, BY THE CIA? NSA? WHEW, THE OBAMA CULTISTS NEW WORLD IS-RA HELL'S FEDERAL RESERVE ISN'T GOING TO GO GENTLE INTO THAT DARK NIGHT
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