The Real AmeriKKKa

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Subject: The Real AmeriKKKa

*From The Ramparts*
Junious Ricardo Stanton
*The Real AmeriKKKa*

/"US STEPS TOWARD BANANA REPUBLIC Many might recall my frequent comments
over the past couple years about the United States gradually resembling,
if not becoming a Banana Republic. Hats off to Marc Faber, who recently
has written (click here) in a thorough fashion so as to qualify the
issue according to several criteria. The prime identifying
characteristics are a spoiled political system, corrupt wealthy elite in
power, control exerted by foreign entities, huge wealth inequities and a
shrinking middle class, decayed infrastructure, urban wastelands with
filthy pockets, primitive segments of the economy, low capital
expenditures, capital flight externally, reliance upon foreign capital,
heavy monetary inflation, outsized federal budget deficits, excessive
import dependence, elite accounts in foreign locations, lowly paid
common working class, large police and security forces, enormous prison
population, proliferation of gambling casinos, and a weak currency. Some
of the last few items are my additions beyond Faber's list. The United
States has all of the above with no exception, as few might debate. If
not today, then certainly the US has set upon on an unobstructed
pathway."/ Hat Trick Letter
http://www.321gold.com/editorials/willie/willie011807.html

While the corporate mind control apparatus keeps us fixated on all the
minutia of the death and burial of Anna Nicole Smith, what who wore to
the Oscars, the latest sports trivia and related gibberish, the ruling
elites are fast turning AmeriKKKa into an impoverished totalitarian
police state. Things are getting so bad white writers on both sides of
the political and economic spectrum are now calling AmeriKKKa a "Banana
Republic". Quiet as its kept, they are right on target and point.
Present day AmeriKKKa is for all intents and purposes is a bedraggled,
Pavlovian conditioned populous living in a modified third world, gulag
infested, police state. The ruling elites: the central bankers,
financiers, media conglomerates, the fascist social engineers and
puppeteers pulling the politicians' strings and calling the shots have
decreed AmeriKKKa will revert to the era of the robber barons lording it
over a increasingly impotent populous being strangled by political
corruption, and weighed down by debt peonage and wage serfdom. Our
slumping standard of living is falling fast as the gap between the super
rich and the poor widens every week. Things are so bad CNN newsman Lou
Dobbs who is not a radical leftist ideologue speaks openly of class
warfare in AmeriKKKa. "Our country's middle class is not just collateral
damage in what has become all-out class warfare. Political, business and
academic elites are waging an outright war on working men and women and
their families, and there is no chance the American middle class will
survive this assault if the dominant forces unleashed over the past five
years continue unchecked. They've accomplished this through large
campaign contributions, armies of lobbyists that have swamped
Washington, and control of political and economic think tanks and media.
Lobbyists, in fact, are the arms dealers in the war on the middle class,
brokering money, influence and information between their clients our
elected officials." Lou Dobbs
http://www.cnn.com/2006/US/10/10/Dobbs.Oct11/index.html
Others have looked at present day AmeriKKKa and concluded this country
is sliding into conditions that rival a banana republic. "The American
dream is on its way out. The coming failure of the dollar and the
collapse of the American economy will traumatize the American people,
but not before the elite have set up the necessary police state to
protect themselves and their interests. The American people have been
seduced, and soon will be reduced to pauper-dom. Class warfare by the
rich has been very successful. Americans should have taken a hint when
it became clear that the pollution of the air by coal-fired electricity
generation could cause massive outbreaks of asthma and even death
without any regulatory concern by a government of the wealthy, by the
wealthy and for the wealthy. The American people should have opened
their eyes when they saw wars of conquest disguised as wars for
democracy, while both political parties easily subverted democracy, now
totally dominated by the uber-rich." America's Wealthy Waging Class War
Against the Rest by Stan Moore
http://world.mediamonitors.net/content/view/full/14305/
The fascist elites have set as their goal the bankrupting of this
country, demolishing the middle class and reducing the rest of us to a
state of abject poverty and wage slavery. "The Center for Responsible
Lending estimates that 2.2 million American homeowners will likely lose
their homes via foreclosure. Default rates are terrible in many regions
of the nation, not confined in any way since a systemic problem. One in
five subprime mortgage customers who purchased homes in the last two
years is likely to enter foreclosure, amounting to 1.1 million people.
The most alarming conclusion made from the study, after analysis of more
than six million mortgages since 1998, is that the risk of default is
independent of the credit score of the borrower. The failures are
occurring regardless of income and past credit history. In 1994, only 5%
of mortgages underwritten were risky subprimes. Now the subprimes
comprise over 25% of the mortgage industry, totaling over $600 billion
in 2005. Abuses of negative amortization, piggyback loans to cover down
payments, and other stretched deals are discussed in the January Hat
Trick Letter report, as are the key specific factors tipping homeowners
over the edge into foreclosure. The most dangerous bank system risk
might not be the failures so much as the skewed internal underwriter
risk controls, and policy for loan loss reserves. Piggyback loans are
insane since they directly enabled loans which would not have been
approved. They are called 'silent seconds' since their loan-to-value
lenders only report the first mortgage. Mortgage industry data is thus
skewed and biased." Jim Willie Hat Trick Newsletter
http://www.321gold.com/editorials/willie/willie011807.html
All this is deliberate, it is by formulated plan, a plan articled for
the elites by former Federal Reserve Board Chairman Alan Greenspan with
his easy credit and mortgage policies that were trumpeted by the
corporate media. The Fed's policies opened a flood gate of sub-prime
loans, loans targeting folks with less than stellar credit and anemic
savings (most AmeriKKKans especially Africans in AmeriKKKa have negative
savings status) who bought into the mass media hyped notion of the
AmeriKKKan dream of home ownership. Now thanks to the Fed's policies and
predatory lending by unscrupulous mortgage companies, their dreams are
turning to ashes as foreclosures and defaults skyrocket. Honest
economists, the Fed and the major lenders had to know this would happen
sooner or later. But they didn't care. Even more ominous is the fact
sub-prime lending institutions are going belly up on a regular basis,
which will undermine the whole economic system! "The financial distress
of an increasing number of subprime lenders is indeed now becoming
pervasive as four of them have gone under in the last two months alone.
First, Ownit, the 11th largest wholesale subprime mortgage lender in the
US, closed operations in early December and filed for Chapter 11 at the
end of the year. Second, Harbourton Mortgage Investment stopped funding
new mortgages in late December. Third, Mortgage Lenders Network shut
down operations in early January; MLN was the third-largest originator
of subprime mortgages at the time of its shutdown. Fourth,
SecuredFunding, a HELOC and home equity lender based in California
closed shop too. And on top of this some of the biggest mortgage lenders
- such as HSBC - are also reporting serious losses in their mortgage and
subprime lending operations. So it is no surprise that HSBC and several
other financial institutions - such as H&R Block - have been reported to
be planning to sell their subprime lending operations given the mounting
troubles and losses of such operations. " The continued troubles of
subprime lenders and borrowers: the beginning of a credit crunch?
Nouriel Roubini Jan 09, 2007
http://www.rgemonitor.com/blog/roubini/172081 Each week news of another
mortgage lender closing shop is whispered but the AmeriKKKan people are
not in the information loop so we are totally clueless about what is
happening. Most of them will be caught in a lurch and end up losing
everything
Couple these developments with the massive political corruption that
permeates AmeriKKKa, the permanent war footing of the US government and
the growing influence of the military industrial complex and we have the
making of a perfect storm for a disastrous national implosion fueled by
fascism, militarism, moral and economic bankruptcy. AmeriKKKa is
collapsing before our eyes. Homelessness is on the rise in the supposed
richest nation on the face of the earth. AmeriKKKa's mayors gave a
report in 2006 that revealed the sorry state of many of its citizens.
"Homelessness in 2006- During the past year, requests for emergency
shelter increased in the survey cities by an average of nine per cent,
with 68 per cent of the cities registering an increase. Requests for
shelter by homeless families alone increased by five per cent, with 59
per cent of the cities reporting an increase. An average of 23 per cent
of the requests for emergency shelter by homeless people overall and 29
per cent of the requests by homeless families alone are estimated to
have gone unmet during the last year. In 86 per cent of the cities,
emergency shelters may have to turn away homeless families due to lack
of resources; in 77 per cent they may also have to turn away other
homeless people. People remain homeless an average of eight months in
the survey cities. Thirty-two per cent of the cities said that the
length of time people were homeless increased during the last year."
http://www.citymayors.com/features/uscity_poverty.html Alas what we are
seeing is a snapshot of the real AmeriKKKa in 2007.
-30-
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