Bailing Out Bailers

Now is a great time for an international corporate cartel (ICC) to demonstrate inclusiveness within their new world order. ICC’s new world order has turned capitalism upside down. Profits and losses are irrelevant, accepted accounting procedures have been trashed and truth in lending no longer applies.

Thousands of public workers in California, Illinois, Wisconsin and other states face adverse state budget cuts that will strip most public employees of nearly all of their collective negotiated gains. Do the governors of these states dare do the same to the pensions of law enforcement?

Yes if they are going to rely on their national guards to protect their bacons. Could public and private IRA’s and 401 K’s be in site of the cross hair? Budget cuts by state governments are only the tip of the iceberg. Stealthily moving through congress is a bill that will allow states to default and file for bankruptcy.

Currently state governments cannot seek protection under federal bankruptcy laws. Once states are able to go belly up an ICC negotiator will come in and offer government property at a discount to the very institutions receiving bailouts. These decisions are similar to medical decision implemented under the new Health Care law.

Home owners who were current on their mortgages should have been bailed out. International banks would have failed but home owners would realize trillions in home equity credit and simulated the economy. Instead The Taxpaying Majority (TTM) is bracing for QE 3 which will increase inflation around the world, continue to devalue all currencies.

Food, shelter, clothing and fuel will increase exponentially. Who is going to bail out the bailers? It’s the public employees; federal, state and local law enforcer including the taxpaying majority that guarantees the ICC bail out. What brought down the USSR were not a nuclear war but a sovereign bond debt crisis and an endless war in Afghanistan.

When it come to saving these TTM there is no one left. The game is up. TTM now owes and guarantees trillions of dollars to the very same ICC they saved from bankruptcy. What happened to the 1917 law which allows the federal government to confiscate the hoarding cash of the bailed out during a national emergency?