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Fed May See Companies, States as Next Crisis Fronts
- Text size
Scott Lanman and John Brinsley
Bloomberg
October 6, 2008
Federal Reserve Chairman Ben S. Bernanke may find the next fronts of the financial crisis to be just as chilling as last month’s downfall of Wall Street titans: its spread to corporate America and state and local governments.
- A d v e r t i s e m e n t
Companies from Goodyear Tire & Rubber Co. and Duke Energy Corp. to Gannett Co. and Caterpillar Inc. are being forced to tap emergency credit lines or pay more to borrow as investors flee even firms with few links to the subprime-mortgage debacle. California Governor Arnold Schwarzenegger says his and other states may need emergency federal loans as funding dries up.
A cash crunch on Main Street would endanger companies’ basic functions — paying suppliers, making payrolls and rolling over debt. The widening of the crisis suggests that Bernanke and Treasury Secretary Henry Paulson may have further fires to put out even as the Treasury sets up the $700 billion financial- industry rescue plan approved last week.
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October 6th, 2008 at 10:02 am
Oh this is a great development for America. Fuck you Bernanke!
October 6th, 2008 at 10:06 am
Q: Why was 700 billion the chosen amount for the bailout?
A: Because 666 billion just didn’t sound good.
October 6th, 2008 at 10:09 am
Holy smokes, now it’s companies that don’t have anything to do with the sub-prime thingy. It just keeps getting worse dun’it.
October 6th, 2008 at 10:15 am
Free Market Government Financing
http://cheapogroovo.vox.com/li.....ncing.html
October 6th, 2008 at 10:19 am
cash in on your 401 Ks now, and you might break even on your investments. from the start, it was a big suckers game knowing this would happen !!!!!!!!!!!!!
http://www.youtube.com/watch?v=wYU4XrHYpeE
October 6th, 2008 at 10:23 am
The bailout was never meant to save the economy. It was only meant to make all of us think it was going to save the economy. None of what is happening now is a new development because it was always going to happen.
October 6th, 2008 at 10:54 am
What a shocker…
October 6th, 2008 at 10:55 am
I happen to know that every major city city council has receieved FULL information about what Alex Jones has been saying. “Zietgeist Part 3″, “Loose Change 2E”, “ENDGAME”, “TERROR STORM”, “MONEY MASTERS”, “9-11 Truth Rising”, and many other truth website links were sent to the over 520 city council members, this past SUMMER 2008, in the following 44 Major cities:
Augusta-ME, Boston-MA, New York City-NY, Philadelphia-PA, Chicago-IL, Detroit-MI, Kalamazoo-MI, Baltimore-MD, Pittsburgh-PA, Cleveland-OH, Buffalo-NY, Cincinati-OH, Toledo-OH, Washington-D.C., Charlotte-NC, Atlanta-GA, Tampa-FL, Jackson-MS, New Orleans-LA, Memphis-TN, Nashville-TN, St. Louis-MO, Kansas City-MO, Houston-TX, Fort Worth-TX, El Paso-TX, Amarillo-TX, Minneapolis-MN, Milwaukee-WI, Omaha-NE, Denver-CO, Salt Lake City-UT, Las Vegas-NV, Los Angeles-CA, San Diego-CA, San Fransico-CA, Seattle-WA, Boise-ID, Cheyenne-WY, Albuquerque-NM, Honolulu-HI, Indianapolis-IN, Gary-IN, and Louisville, KY
And the mayors of each, including Bloomberg of NY, and Daley of Chicago also received the same info. Now, most mayors are corrupt, and are Bilderberg-CFR. BUT, the majority of the city council members of these major cities are supportive of Alex Jones, have learned a GREAT deal, and have prepared for armed attacks, and are invoking emergency strategies against these domestic traitors. You can believe it!
You can thank Mr. E. C. Bluswallow, Jr., aka “The Secret Sioux” for contacting these city council members, many univerisity professors and students last November, 2007; many small and medium-sized newspaper editors, in late 2007, and many decent smaller banks across America, earlier this year also.
You can contact any city council member in these cities to verify that they received full information about this New World Order take-over attempt.
October 6th, 2008 at 10:57 am
has anyone ever done 1099oid and 1096 forums here? im starting to do mine to pay off our house.
October 6th, 2008 at 11:39 am
i cashed in my 401k last year…
October 6th, 2008 at 11:52 am
http://video.google.com/videop.....&hl=de
Lets change the system
October 6th, 2008 at 11:52 am
“The greatest psychological attack the world has ever seen…”
October 6th, 2008 at 12:51 pm
62 The Dude Says:
October 6th, 2008 at 9:07 am
LEADERLESS RESISTANCE…
The concept of Leaderless Resistance was proposed by Col. Ulius Louis Amoss, who was the founder of International Service of Information Incorporated, located in Baltimore, Maryland. Col. Amoss died more than fifteen years ago, but during his life was a tireless opponent of communism, as well as a skilled Intelligence Officer. Col. Amoss first wrote of Leaderless Resistance on April 17, 1962. His theories of organization were primarily directed against the threat of eventual Communist take-over in the United States. The present writer, with the benefit of having lived many years beyond Col. Amoss, has taken his theories and expounded upon them. Col. Amoss feared the Communists. This author fears the federal government. Communism now represents a threat to no one in the United States, while federal tyranny represents a threat to everyone . The writer has joyfully lived long enough to see the dying breaths of communism, but may, unhappily, remain long enough to see the last grasps of freedom in America.
In the hope that, somehow, America can still produce the brave sons and daughters necessary to fight off ever increasing persecution and oppression, this essay is offered. Frankly, it is too close to call at this point. Those who love liberty, and believe in freedom enough to fight for it are rare today, but within the bosom of every once great nation, there remains secreted, the pearls of former greatness. They are there. I have looked into their sparking eyes; sharing a brief moment in time with them as I passed through this life. Relished their friendship, endured their pain, and they mine. We are a band of brothers, native to the soil gaining strength one from another as we have rushed head long into a battle that all the weaker, timid men, say we can not win. Perhaps…but then again, perhaps we can. It’s not over till the last freedom fighter is buried or imprisoned, or the same happens to those who would destroy their freedom.
Barring any cataclysmic events, the struggle will yet go on for years. The passage of time will make it clear to even the more slow among us that the government is the foremost threat to the life, and liberty of the folk. The government will no doubt make today’s oppressiveness look like grade school work compared to what they have planned in the future. Meanwhile, there are those of us who continue to hope that somehow the few can do what the many have not. We are cognizant that before things get better they will certainly get worse as government shows a willingness to use ever more severe police state measures against dissidents. This changing situation makes it clear that those who oppose state repression must be prepared to alter, adapt, and modify their behavior, strategy, and tactics as circumstances warrant. Failure to consider new methods and implement them as necessary will make the government’s efforts at suppression uncomplicated. It is the duty of every patriot to make the tyrant’s life miserable. When one fails to do so he not only fails himself, but his people.
With this in mind, current methods of resistance to tyranny employed by those who love our race, culture, and heritage must pass a litmus test of soundness. Methods must be objectively measured as to their effectiveness, as well as to whether they make the government’s intention of repression more possible or more difficult. Those not working to aid our objectives must be discarded or the government benefits from our failure to do so.
As honest men who have banded together into groups or associations of a political or religious nature are falsely labeled “domestic terrorists” or “cultists” and suppressed, it will become necessary to consider other methods of organization–or as the case may very well call for: non-organization. One should keep in mind that it is not in the government’s interest to eliminate all groups. Some few must remain in order to perpetuate the smoke and mirrors vision for the masses that America is a “free democratic country” where dissent is allowed. Most organizations, however, that possess the potential for effective resistance will not be allowed to continue. Anyone who is so naive as to believe the most powerful government on earth will not crush any who pose a real threat to that power, should not be active, but rather, at home studying political history.
The question as to who is to be left alone and who is not, will be answered by how groups and individuals deal with several factors such as: avoidance of conspiracy plots, rejection of feeble minded malcontents, insistence upon quality of the participants, avoidance of all contact with the front men for the federals–the news media–and, finally, camouflage (which can be defined as the ability to blend in the public’s eye the more committed groups of resistance with mainstream “kosher” associations that are generally seen as harmless.) Primarily though, whether any organization is allowed to continue in the future will be a matter of how big a threat a group represents. Not a threat in terms of armed might or political ability, for there is none of either for the present, but rather, threat in terms of potentiality. It is potential the federals fear most. Whether that potential exists in an individual or group is incidental. The federals measure potential threat in terms of what might happen given a situation conducive to action on the part of a restive organization or individual. Accurate intelligence gathering allows them to assess the potential. Showing one’s hand before the bets are made, is a sure way to loose.
The movement for freedom is rapidly approaching the point where for many people, the option of belonging to a group will be nonexistent. For others, group membership will be a viable option for only the immediate future. Eventually, and perhaps much sooner than most believe possible, the price paid for membership will exceed any perceived benefit. But for now, some of the groups that do exist often serve a useful purpose either for the newcomer who can be indoctrinated into the ideology of the struggle, or for generating positive propaganda to reach potential freedom fighters. It is sure that, for the most part, this struggle is rapidly becoming a matter of individual action, each of its participants making a private decision in the quietness of his heart to resist: to resist by any means necessary. It is hard to know what others will do, for no man truly knows another man’s heart. It is enough to know what one himself will do. A great teacher once said “know thyself.” Few men really do, but let each of us, promise ourselves, not to go quietly to the fate our would-be masters have planned.
The concept of Leaderless Resistance is nothing less than a fundamental departure in theories of organization. The orthodox scheme of organization is diagrammatically represented by the pyramid, with the mass at the bottom and the leader at the top. This fundamental of organization is to be seen not only in armies, which are of course, the best illustration of the pyramid structure, with the mass of soldiery, the privates, at the bottom responsible to corporals who are in turn responsible to sergeants, and so on up the entire chain of command to the generals at the top. But the same structure is seen in corporations, ladies’ garden clubs and in our political system itself. This orthodox “pyramid” scheme of organization is to be seen basically in all existing political, social and religious structures in the world today from the Federal government to the Roman Catholic Church. The Constitution of the United States, in the wisdom of the Founders, tried to sublimate the essential dictatorial nature of pyramidal organization by dividing authority into three: executive, legislative and judicial. But the pyramid remains essentially untouched.
This scheme of organization, the pyramid, is however, not only useless, but extremely dangerous for the participants when it is utilized in a resistance movement against state tyranny. Especially is this so in technologically advanced societies where electronic surveillance can often penetrate the structure revealing its chain of command. Experience has revealed over and over again that anti-state, political organizations utilizing this method of command and control are easy prey for government infiltration, entrapment, and destruction of the personnel involved. This has been seen repeatedly in the United States where pro-government infiltrators or agent provocateurs weasel their way into patriotic groups and destroy them from within.
In the pyramid type of organization, an infiltrator can destroy anything which is beneath his level of infiltration and often those above him as well. If the traitor has infiltrated at the top, then the entire organization from the top down is compromised and may be traduced at will.
An alternative to the pyramid type of organization is the cell system. In the past, many political groups (both right and left) have used the cell system to further their objectives. Two examples will suffice. During the American Revolution “committees of correspondence” were formed throughout the Thirteen colonies.
Their purpose was to subvert the government and thereby aid the cause of independence. The “Sons of Liberty”, who made a name for themselves dumping government taxed tea into the harbor at Boston, were the action arm of the committees of correspondence. Each committee was a secret cell that operated totally independently of the other cells. Information on the government was passed from committee to committee, from colony to colony, and then acted upon on a local basis. Yet even in these bygone days of poor communication, of weeks to months for a letter to be delivered, the committees without any central direction whatsoever, were remarkable similar in tactics employed to resist government tyranny. It was, as the first American patriots knew, totally unnecessary for anyone to give an order for anything. Information was made available to each committee, and each committee acted as it saw fit. A recent example of the cell system taken from the left wing of politics are the Communists. The Communist, in order to get around the obvious problems involved in pyramidal organization, developed to an art the cell system. They had numerous independent cells which operated completely isolated from one another and particularly with no knowledge of each other, but were orchestrated together by a central headquarters. For instance, during World War II, in Washington, it is known that there were at least six secret Communist cells operating at high levels in the United States government (plus all the open Communists who were protected and promoted by President Roosevelt), however, only one of the cells was rooted out and destroyed. How many more actually were operating no one can say for sure.
The Communist cells which operated in the U.S until late 1991 under Soviet control could have at their command a leader, who held a social position which appeared to be very lowly. He could be, for example, a busboy in a restaurant, but in reality a colonel or a general in the Soviet Secret Service, the KGB. Under him could be a number of cells and a person active in one cell would almost never have knowledge of individuals who are active in another cell. The value of this is that while any one cell can be infiltrated, exposed or destroyed, such action will have no effect on the other cells; in fact, the members of the other cells will be supporting that cell which is under attack and ordinarily would lend very strong support to it in many ways. This is at least part of the reason, no doubt, that whenever in the past Communists were attacked in this country, support for them sprang up in many unexpected places.
The efficient and effective operation of a cell system after the Communist model, is of course, dependent upon central direction, which means impressive organization, funding from the top, and outside support, all of which the Communists had. Obviously, American patriots have none of these things at the top or anywhere else, and so an effective cell organization based upon the Soviet system of operation is impossible.
Two things become clear from the above discussion. First, that the pyramid type of organization can be penetrated quite easily and it thus is not a sound method of organization in situations where the government has the resources and desire to penetrate the structure; which is the situation in this country. Secondly, that the normal qualifications for the cell structure based upon the Red model does not exist in the U.S. for patriots. This understood, the question arises “What method is left for those resisting state tyranny?” The answer comes from Col. Amoss who proposed the “Phantom Cell” mode of organization. Which he described as Leaderless Resistance. A system of organization that is based upon the cell organization, but does not have any central control or direction, that is in fact almost identical to the methods used by the Committees of Correspondence during the American Revolution. Utilizing the Leaderless Resistance concept, all individuals and groups operate independently of each other, and never report to a central headquarters or single leader for direction or instruction, as would those who belong to a typical pyramid organization.
At first glance, such a type of organization seems unrealistic, primarily because there appears to be no organization. The natural question thus arises as to how are the “Phantom cells” and individuals to cooperate with each other when there is no intercommunication or central direction? The answer to this question is that participants in a program of Leaderless Resistance through phantom cell or individual action must know exactly what they are doing, and how to do it. It becomes the responsibility of the individual to acquire the necessary skills and information as to what is to be done. This is by no means as impractical as it appears, because it is certainly true that in any movement, all persons involved have the same general outlook, are acquainted with the same philosophy, and generally react to given situations in similar ways. The pervious history of the committees of correspondence during the American Revolution show this to be true.
Since the entire purpose of Leaderless Resistance is to defeat state tyranny (at least insofar as this essay is concerned), all members of phantom cells or individuals will tend to react to objective events in the same way through usual tactics of resistance. Organs of information distribution such as newspapers, leaflets, computers, etc., which are widely available to all, keep each person informed of events, allowing for a planned response that will take many variations. No one need issue an order to anyone. Those idealist truly committed to the cause of freedom will act when they feel the time is ripe, or will take their cue from others who precede them. While it is true that much could be said against this type of structure as a method of resistance, it must be kept in mind that Leaderless Resistance is a child of necessity. The alternatives to it have been show to be unworkable or impractical. Leaderless Resistance has worked before in the American Revolution, and if the truly committed put it to use for themselves, it will work now.
It goes almost without saying that Leaderless Resistance leads to very small or even one man cells of resistance. Those who join organizations to play “let’s pretend” or who are “groupies” will quickly be weeded out. While for those who are serious about their opposition to federal despotism, this is exactly what is desired.
From the point of view of tyrants and would be potentates in the federal bureaucracy and police agencies, nothing is more desirable than that those who oppose them be UNIFIED in their command structure, and that every person who opposes them belong to a pyramid type group. Such groups and organizations are an easy kill. Especially in light of the fact that the Justice (sic) Department promised in 1987 that there would never be another group that opposed them that they did not have at least one informer in. These federal “friends of government” are intelligence agents. They gather information that can be used at the whim of a federal D.A. to prosecute. The line of battle has been drawn. Patriots are required therefore, to make a conscious decision to either aid the government in its illegal spying, by continuing with old methods of organization and resistance, or to make the enemie’s job more difficult by implementing effective countermeasures.
Now there will, no doubt, be mentally handicapped people out there who, while standing at a podium with an American flag draped in the background, and a lone eagle soaring in the sky above, will state emphatically in their best sounding red, white, and blue voice, “So what if the government is spying? We are not violating any laws.” Such crippled thinking by any serious person is the best example that there is a need for special education classes. The person making such a statement is totally out of contact with political reality in this country, and unfit for leadership of any thing more than a dog sleigh in the Alaskan wilderness. The old “Born on the fourth of July” mentality that has influenced so much of the American patriot’s thinking in the past will not save him from the government in the future. “Reeducation” for non-thinkers of this type will take place in the federal prison system where there are no flags or eagles, but abundance of men who were “not violating any law.”
Most groups who “unify” their disparate associates into a single structure have short political lives. Therefore, those movement leaders constantly calling for unity of organization rather than the desirable unity of purpose, usually fall into one of three categories.
They may not be sound political tacticians, but rather, just committed men who feel unity would help their cause, while not realizing that the government would greatly benefit from such efforts. The Federal objective, to imprison or destroy all who oppose them, is made easier in pyramid organizations. Or perhaps, they do not fully understand the struggle they are involved in and that the government they oppose has declared a state of war against those fighting for faith, folk, freedom and constitutional liberty. Those in power will use any means to rid themselves of opposition. The third class calling for unity and let us hope this is the minority of the three, are men more desirous of the supposed power that a large organization would bestow, than of actually achieving their stated purpose.
Conversely, the last thing Federal snoops would have, if they had any choice in the matter, is a thousand different small phantom cells opposing them. It is easy to see why. Such a situation is an intelligence nightmare for a government intent upon knowing everything they possibly can about those who oppose them. The Federals, able to amass overwhelming strength of numbers, manpower, resources, intelligence gathering, and capability at any given time, need only a focal point to direct their anger. A single penetration of a pyramid type of organization can lead to the destruction of the whole. Whereas, Leaderless Resistance presents no single opportunity for the Federals to destroy a significant portion of the Resistance.
With the announcement by the Department of Justice (sic) that 300 FBI agents formerly assigned to watching Soviet spies in the US (domestic counter intelligence) are now to be used to “combat crime”, the federal government is preparing the way for a major assault upon those persons opposed to their policies. Many anti-government groups dedicated to the preservation of the America of our forefathers can expect shortly to feel the brunt of a new federal assault upon liberty.
It is clear, therefore, that it is time to rethink traditional strategy and tactics when it comes to opposing a modern police state. America is quickly moving into a long dark night of police state tyranny, where the rights now accepted by most as being inalienable will disappear. Let the coming night be filled with a thousand points of resistance. Like the fog which forms when conditions are right and disappears when they are not, so must the resistance to tyranny be.
“If every person has the right to defend–even by force–his person, his liberty, and his property, then it follows that a group of men have the right to organize and support a common force to protect these rights constantly.” —The Law. Frederick Bastiat Paris, 1850.
October 6th, 2008 at 1:48 pm
it’s happening: http://www.youtube.com/watch?v=vPS7ksrKk8Y
October 6th, 2008 at 3:44 pm
Re: Number 11 Chriss
That video is Satanic, only Jesus can save us. We must all pray for him to help us.
October 6th, 2008 at 3:57 pm
This link http://www.rense.com/general83/fleec.htm is to an article titled “The fleecing of America”. It explains precisely how we’ve been ripped off. One of the new provisions added to the bill is that the bill is exempt from constitutional challenge.
Brothers and sisters. Fellow Americans. These criminals KNEW what they were doing was illegal and they slammed the door in our face so that our voices would not be heard in the judicial branch. We no longer have a voice.
October 6th, 2008 at 5:54 pm
Jamesm, Thank you for an incredible piece of writing. Is there a link to the Dude, besides the Big Lebowski site? I’d like to make this essay available to my friends. Absolutely the most stunning insight and wisdom I’ve read in a long time. Thanks so much!
October 6th, 2008 at 7:00 pm
Hey, Don’t Watch, with all due respect, since Jesus last visit 2000 years ago, I repeat, 2000 years, man’s atrocities against man has only increased. The Creator has endowed humans with the greatest of all qualities – CHOICE. We have been through thousands of wars, including two world wars, atomic bombs have been dropped, genocide committed, slavery, bloody revolutions, countless civil wars, murder, rape, kidnapping, child molestations, intentional starvations, just to name a few, and all perpetrated mostly against innocent populations. Would not you think by now this would inspire the loving return of a heavenly saviour? If Jesus is coming back, I doubt it will be in the form you’ve been falsely taught. Instead his return will be esoteric in nature, dependent upon whether or not we internally incorporate the lessons and wisdom he taught while he was here. You can believe, if you want, that Jesus’ physical return will put an end to man’s wicked CHOICES. I say to you, man, will put an end to it, or we will contribute to our own end. Jesus did not create the problems we humans suffer ourselves through – we did! Therefore, it is not up to Jesus to resolve them. The sooner we learn we have the power to make better CHOICES, the sooner we learn we have to for our continued existence.
October 6th, 2008 at 8:05 pm
Just as there is one sun that nourishes the whole earth, one water that all sentient beings drink to hydrate their bodies, one air we all breathe, there is only one spirit that drives all creatures. Yes, there are differences in different areas over the Earth, but we all share the fundamental same air, water, and spirit.
‘Zeitgeist: Addendum’ trys to point this out, but there is still moronic resistence to the idea, still those who believe that they, and only they, have a monopoly on the ‘one true God’. At the very least, the vote should be taken away from those who believe in this unevolved fashion.
It is the contempt and disdain by the Elite for this moronic thinking that drives them to abuse the majority who believe this way. And the divisivness of the Abrahamic Trilemma plays right into their hands – divide and conquer. Whoever coined the phrase ‘useless eaters’ must surely have had these retards in mind. I can understand why they want to ‘cull’ them.
Body, Mind, Spirit all exist right here and now, or they never did, and never will.
October 6th, 2008 at 11:29 pm
how about this, we gather a couple thousand dollars, voice broadcast this message all day and all night till people start moving there damn as ses and standing up for whats left of there depressing lives of bad cards this government manipulates not wait for hits on conspiracy websites by guys who are half drunk and think its true but would never do anything about it because there thinking about how they are gonna buy some beer and a coochi ( including myself) im a professional marketer , we can get the message out so easily 1,000 times faster than websites and radio shows
October 7th, 2008 at 1:39 am
Wonder how many companies won’t be able to meet their payroll in Dec.