Op-ed: Privatized Profit and Socialized Loss

NOTE:The ProgressivePost does not agree with some of this op-ed, and deleted bits of its offensive comments, but it presents a mostly valid, and interesting alternative view.



Between a Rock and a Hard Spot:

Public service to others -- the purpose of Constitutional Law "of, by and for the people" -- has been increasingly usurped by the diametrically-opposed, self-serving corporate law that states, Stockholders come before the public whenever profits are at stake". (1919 precedent, Henry Ford vs. stockholders).

As a consequence since then, justice has been compromised as the commonwealth has been increasingly 'privatized' for the corporate profit of 1%... even as the cost has been 'socialized' for the inordinate burden of the 99%.

This core subversion of Constitutional law was compounded by the Supreme Court decision last year that gave personhood to corporations, giving them unlimited spending powers for influencing elections.


Justice Stevens, in dissent, was compelled to state the obvious: "Corporations have no consciences, no beliefs, no feelings, no thoughts, no desires. Corporations help structure and facilitate the activities of human beings, to be sure, and their 'personhood' often serves as a useful legal fiction. But they are not themselves members of 'We the People' by whom and for whom our Constitution was established."

Obama campaigned for President by criticizing 'fat cats' on Wall Street', and then surrounded his cabinet with them, bailed them out with 700 billion dollars, and we now find that a large part of that money went to lobbyists to insure that the same corrupt insider-trading that caused the economic meltdown would continue.

According to the Center for Responsive Politics, the financial industry was Obama's second-largest source of 2008 campaign contributions, surpassed only by the lawyers/lobbyists industry sector.

Most Americans don't want to see financial chaos worldwide to erupt into World War III with a return to the former Bush administrations militarism and empire hubris. But where is the choice with massive corporate funding manipulating the 2012 election for only status quo candidates? Isn't the collusion of big business with big government the very definition of 'fascism'? Wasn't WWII supposed to end fascist and nazi dictatorships?

The Associated Press recently reported that almost all of [Mitt] Romneys 22 special advisers held senior Bush administration positions in diplomacy, defense or intelligence. Two former Republican senators are included as well as Bush-era CIA chief Michael Hayden and former Homeland Security Secretary Michael Chertoff. It was Chertoff who brought the war on terror home with mandatory radiation scans in airports; he owned stock in the scanner corporation, like Cheney with Halliburton. Chertoff holds dual citizenship with Israel, a 'Zionist' for 'Greater Israel'.

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A critical part of the untold story ... [deleted] Gaddafi was setting up a sovereign independent central bank with a gold exchange to serve African nations just as Saddam was doing in Iraq for Mid-East nations. The international banksters couldn't allow that. The same tactic was used as with Saddam, flooding Western news with unrelenting vilification and sanctions, touting international consensus and utilizing U.S, bombing and NATO troops directed by covert CIA front men for 'resistance fighters'.

A War of Perception Over Oil... Again

According to General Petraeus, there is now a war "of perception ... conducted continuously through the news media".

Running up the Stars and Stripes in "liberated" Tripoli last month, US ambassador Gene Cretz blurted out: "We know that oil is the jewel in the crown of Libyan natural resources!"

"Mission accomplished" as Bush and his Neocon cronies would say. Muammar Gaddafi is dead. Libya's 9th largest oil reserves in the world have been 'secured'. The international banksters have set up their own bank. Libya can now be rebuilt with lucrative contracts through the banksters and their Halliburton cronies. Perhaps you weren't aware of the global elite's crime syndicate.

Gaddafi was one of China's most important sources of fuel. Have we forgot that Japan entered WWII when their oil supplies were cut off? Do you see where this is going?

The author of Common Sense said it well: "He who is the author of a war lets loose the whole contagion of hell and opens a vein that bleeds a nation to death." ~ Thomas Paine

European banks are now collapsing, and unreported in the prostitute press, China is now doing what Saddam and Gaddafi attempted, setting up a gold/currency exchange to challenge the hegemony of the international banksters. Read that HERE... and HERE.

This is an ominous sign of the set-up for WW III. China owns much of the U.S. Foreign debt and has ambitions for world currency reserve status. This could devastate the U.S. dollar as the world's currency reserve status, and China is far more powerful than Saddam's Iraq or Libya's Gaddafi .

Paper money has already inflated 50% for food and 30% for energy in the U.S. since Obama was elected, but Fed-Gov has cooked the books by eliminating these factors in the official 'inflation index'. Employment is actually above 20% but the books have been likewise cooked in this regard. Hear the real story HERE. This is beyond serious.

So is the fix in, no matter who gets elected President in 2012? Will a terrified public and incumbent 'war president' be a shoe-in as was Bush after 9-11? Do you see the frustration of people worldwide? Would you agree that deeply entrenched greed and corruption in economics and politics is driving us towards economic collapse with a huge war bubble that will profit no one but the 1% who will literally make a killing if Washington and Wall Street have their way?

Economic collapse has historically led to war. History shows that World Wars I and II followed the privatization of the public treasury by the money-changers (Fed), who now raise the specter of WW III with unabashed hubris and unconscionable intent for huge profits and global power.

A larger movement of, by and for the power of love can perhaps stop it, and we can at least pray that it will.

It was Common Sense that sparked the American Revolution, and it will be an upgraded rEVOLUTION in higher Conscience that unites the 99% for freedom-in-love.

Morality requires it. Conscience demands it. The 99% wants it. Only the1% opposes it.

Christopher Rudy.


Christopher Rudy website



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