My critics out there that accuse me of suffering from paranoid delusions when I share my fears of economic collapse and very real Civil War/Revolution. My delusions derive from the day to day experience with clients in my office and what’s happening in courtrooms all across this country. Real people are experiencing real suffering while those at the top have been shoving money into their pockets as fast as the Federal Reserve can print it. The vast majority of our economic and social policies are crafted to benefit just one group….those Kleptocrats at the top of the pyramid.
America’s last grasp on this Republic is the thin reed that is our First Amendment and Free Press who are reporting on the gross inequities and the dramatic abuses we’re suffering at the hands of the One Percenters. Stalin and Hitler and Peter presided over tyrannical regimes that stripped their people of basic rights and all human dignity. What has happened to this country, and what continues to happen on a daily basis is no less pervasive or crushing. Our National Liberty and the health, prosperity and welfare of America’s next generations has been stripped, gutted, stolen, sold. Blatantly, obscenely and with impunity.
Those Americans who cling to false prophets of prosperity remind me of the musicians who sat on the deck of the Titanic as it slipped to her depths. (The last song is rumored to be, “Nearer My God To Thee”) No one person can digest the magnitude of all of this, but I can and do make an impact every single day when I defend homeowners in foreclosure. Every single homeowner that I keep in their home is one small victory in this larger war. But is the victory really small for my client? No. When we win their battle, we win their war. When we make argument before a judge who listens, who absorbs not just the facts and the law in the case before her, but the profound consequences of the larger battle, we win a battle.
We all know now that Wall Street is nothing but a den of thieves, an evil army of the One Percent allied directly against the Ninety Nine. Our leaders are leaders no more, our institutions are failed skeletons that have turned to dust. Think I’m exaggerating? How sophomoric was the Madoff scam…and how long was it perpetuated…in broad daylight? How profound and pervasive was the 2008 collapse and where is any consequence? Any investigation? Any arrest? Any regulation? Any lesson learned….well, that’s easy, the lesson is larceny and fraud and theft and corruption on a national scale are government-sanctioned enterprises.
I fear for my judges, my beloved circuit court judges whom I hold in such respect and honor. They are the last links in the chain, the last line of protection and defense against an economic, political, social and legal system gone made. They are the Battle of the Buldge, they are Bastigone and yet every day our judges concede a little bit of last ground. Every time a shady affidavit passes muster. Every time an impossible endorsement or assignment is accepted. Every time a process due to every defendant is ignored, another skirmish in the war is lost. These courtrooms are where the dirt meets the boots, these courtrooms are the gritty last stop. Each file takes a brief stop and far too often that brief stop is an instant before that home, that life, that loan is thrown down into the hellish blast furnace that has consumed our liberty, our Constitution, our way of life.
But there is still hope. Look North to New Jersey, where the Chief Justice has drawn his line in the sand. Look North to Ohio where their judges have likewise drawn lines in the sand. Scan the horizon and see a faint bright spot that represents the Attorneys General from all fifty states. They might do something. Maybe. Or am I just laboring under delusions again? Will the larger world recognize that this is not about foreclosure or robo signing or mortgages? Will they see that this is Constitutional Law and Treason and Economic Collapse? They may, but every day it feels like the awareness comes to late…that too much ground is lost.
All that was my delusional ranting….perhaps you’ll accept it more if it comes from a more authoritative source….
America was also encouraging “global monetary chaos as foreign central banks run their own printing presses at ever faster speeds to sop up the tidal wave of dollars coming from the Federal Reserve.” Yes, the road to the coming apocalypse began with a Republican president listening to a misguided Nobel economist’s advice.
“The third ominous change in the American economy has been the vast, unproductive expansion of our financial sector.” He warns that “Republicans have been oblivious to the grave danger of flooding financial markets with freely printed money and, at the same time, removing traditional restrictions on leverage and speculation.” Wrong, not oblivious. Self-interested Republican loyalists like Paulson, Bernanke and Geithner knew exactly what they were doing.
Finally, thanks to Republican policies that let us “live beyond our means for decades by borrowing heavily from abroad, we have steadily sent jobs and production offshore,” while at home “high-value jobs in goods production … trade, transportation, information technology and the professions shrunk by 12% to 68 million from 77 million.”
As the apocalypse draws near, Stockman sees a class-rebellion, a new revolution, a war against greed and the wealthy. Soon. The trigger will be the growing gap between economic classes: No wonder “that during the last bubble (from 2002 to 2006) the top 1% of Americans — paid mainly from the Wall Street casino — received two-thirds of the gain in national income, while the bottom 90% — mainly dependent on Main Street’s shrinking economy — got only 12%. This growing wealth gap is not the market’s fault. It’s the decaying fruit of bad economic policy.”
So be prepared, it will hit soon, when you least expect
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