January 29, 2010 (LPAC)—As we approach Lyndon LaRouche's international webcast tomorrow, Saturday, January 30, 2010, the mass strike in the U.S. whose leadership is Lyndon LaRouche, is zeroing in on the center of British monetarism in the U.S.—Wall Street and the Federal Reserve system. Even the "go along to get along"-controlled U.S. Senate was driven by this mass strike to cast 30 votes against the reconfirmation of "Bailout" Ben Bernanke, the most votes ever cast against a nominee for chairman of the British-controlled Federal Reserve.
While Bernanke was reconfirmed yesterday, the drive to nail both Geithner and Bernanke is now escalating. As Lyndon LaRouche said today, "It's not going to go away. This is the end of some people, the end of some people's careers."
In the case of Geithner, he could be facing perjury charges. During sworn testimony before the House Oversight and Government Reform Committee on Thursday, he admitted that he did not sign an agreement recusing himself from the AIG matter. Nonetheless, he claimed: "I withdrew from day-to-day management, operations, policies of the New York Fed, and my colleagues both in Washington and in New York can attest to that." Unfortunately for Geithner, Neil Barofsky, Special Inspector General of TARP, who also testified at the hearing, contradicted Geithner on this matter, and reported that FRBNY executives have stated to his office that they met with Geithner on the AIG credit default swaps deal, and that Geithner "acquiesced" to their proposal to pay the AIG credit default swaps at 100%. When asked by Barofsky's office if the executives felt they had received their "marching orders" from Geithner to pay the counterparties par, one FRBNY official responded, "Yes, absolutely."
On Monday, the ranking members of the House Oversight and Government Reform Committee, led by Rep. Issa, released a 22-page report entitled: "How the Federal Reserve Fought to Cover up the Details of the AIG Counterparties Bailout from the American People." The report releases a number of e-mails from FRBNY officials which prove that Geithner was deeply involved in the policy decision. His meeting log also shows that he conducted six formal meetings on AIG in November 2008 with staff.
But it is not only Geithner who is in trouble. On Tuesday, Rep. Issa sent a letter to Committee Chair Edolphus Towns urging him to issue a new subpoena in the AIG case, this time to the Federal Reserve. Issa points out that new information has come to light about documents in the possession of the Federal Reserve Board of Governors regarding the Federal Reserve's decision to bail out AIG in September of 2008. Issa points out that his office has received important information from a whistleblower who has identified specific documents which detail Bernanke's personal involvement in the decision to pay AIG credit default swaps at 100%.
So even as Bernanke was reconfirmed as Fed Chair, he is about as secure in his office as Nixon was after the 1972 elections.
After the hearings on Wednesday, Rep. Issa released a statement in which he said of Geithner: "If he or anyone else thinks that this investigation will stop after today's hearing, they are completely mistaken."
Issa also released a 5-page document, the "Schedule A" which AIG filed with the SEC, detailing all of the credit default swaps paid by AIG to Goldman Sachs, etc. The FRBNY had tried to prevent this information from being filed. When it was finally filed, the SEC was supposed to seal it until the year 2018 and keep it in a location designated for national security items. But now it has been released publicly in unredacted form.
At the same time, there are increasing indications, as Lyndon LaRouche said today, that some people who want to stay in public life, recognize that this is the obvious time to jump ship. Democrats are jumping ship to get on the Republican payroll.
A case in point is a deal struck on Wednesday between the Chairman of the House Energy and Commerce Committee Rep. Henry Waxman (D-Cal) and Rep. Michael Burgess (R-Tx.) to launch an investigation of the corrupt deal made by the Obama White House with the pharmaceutical companies, the hospitals, and the doctors, at the point that the drive for Obama deathcare was being launched. Waxman, one of three House committee chairmen responsible for shepherding the House version of Obama deathcare through the House, agreed to help Republicans get a comprehensive list of meetings the White House held with industry representatives, as well as records documenting calls and emails between outside groups and the Department of Health and Human Services.
Meanwhile, as Lyndon LaRouche has emphasized, Britain's puppet in the White House, Obama himself, is nearing the end of his Neronic career. Instead of listening to the mass strike process, in his State of the Union speech Obama proved himself, as LaRouche has stated, constitutionally in incapable of change. He insisted, instead, upon continuing to push his Nazi death bill and fascist "green energy" policy.
Even the Wall Street Journal lead editorial caught the flavor of Obama's tendency toward political suicide, comparing Obama to Willy Loman in Arthur Miller's Death of a Salesman. As the Journal wrote: "On health care, Mr. Obama offered a Willy Loman-esque soliloquy on his year-long effort, as if his bill's underlying virtues and his own hard work haven't been truly appreciated by the American public."
As the suppression of the article by Ambrose Evans-Pritchard exposing the intention of the British Empire to eliminate national sovereignty, demonstrates, the war we are engaged in is for the sovereign capacity of nation states, acting in concert to develop their respective peoples against a monetarist British Empire intent upon killing those same people. Evans-Pritchard compares the British-controlled EU beauracracy to the ultramontane medieval papacy with its jesuitical lawyers. It was against this ultramontane imperialist system that Nicolaus Cusa in 1433 wrote that the emperor "derives his power from the people." This is the principle which the British Empire and their puppet Obama are denying at their own peril.
As LaRouche has emphasized, the mass strike currently under way in the U.S., as reflected in the Massachusetts election, reflects precisely this principle, embedded in the U.S. Declaration of Independence and the U.S. Constitution.
It is this principle which is now defining politics in the U.S. and, by extension, throughout the world. The population is ready to fight. The only problem is, that it doesn't know the solution. Lyndon LaRouche does.
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