FAAL: American Banksters Rout Obama In US Election Massacre
Sorcha Faal, and as reported to her Western Subscribers
The crushing defeat Obama suffered at the hands of an angry and deeply divided American public stands in sharp contrast to the euphoria that accompanied his ascendancy to the Presidency barely 2 years ago in 2008, and made worse with hardly any mention by the vast propaganda media organs in the US of the numerous accomplishments he, in fact, did accomplish.
Taking office barely 3 months after his predecessor President George W. Bush forced through the US Congress the Emergency Economic Stabilization Act of 2008 designed to prevent to total collapse of the American and Global economic structure, and confronted with massive job losses that began fully a year before he took office, Obama was, nevertheless, able to stabilize his unemployment rolls by November, 2009 and by 2010 had shrunk the US budget deficit by 9%.
Obama’s shrinking of the US budget deficit, however, did fail to stem the frightful rise of US government spending as a percentage of the American economies Gross Domestic Product (GDP) which has risen to over 40%, a level not seen since the 1940’s when during World War II it exceeded 50%.
Worse still for Obama was his failing to back the elite bankers who put him into office to begin with, especially Goldman Sachs who was the top contributor to his 2008 Presidential campaign, but since his taking office switched their vast influence to the powerful US Senate Banking Committee and House Financial Services Committee’s.
Goldman Sachs backing of, especially, the US House Financial Services Committee paid an immediate dividend after this weeks election when its expected new Chairman, Republican Congressman Spencer Bachus, declared open warfare on Obama’s much touted effort to reign in America’s banksters called the Dodd-Frank law that he has vowed to overturn.
Central to Obama’s signing of the Dodd-Frank bill was its containing what is called the “Volker Rule” designed to restrict US banks from making certain kinds of speculative investments if they are not on behalf of their customers that was patterned on the 1933 Glass–Steagall Act credited with saving the United States from bankruptcy during the Great Depression after the banksters of that generation had, likewise, plunged America and the World into total economic crisis.
Under former US President Bill Clinton the Glass-Steagall Act was repealed (1999) allowing American banksters to virtually steal the entire wealth of the American people by underwriting fraudulent trade instruments such as mortgage-backed securities, collateralized debt obligations (CDO’s) and establish so-called structured investment vehicles (SIV’s), all of which, according to one of the United States most respected and admired (except for the banksters that is) economists, Elizabeth Warren, blamed for causing the Global Financial Crisis of 2008–2009.
Obama’s turning against his bankster “masters” by appointing this past September their arch-foe Warren as one of the chief regulators to oversee America’s financial industry was called a “poke in the eye” to the US moneyed elite classes and precipitated his Democratic Party’s stunning loss this week; a loss made certain by Wall Streets pumping into Republican election coffers over $71 million to challenge what they called “Obama’s populist policymaking”.
Important to note, also, was the attack launched against Obama after his Party’s historic loss by the Federal Reserve, which oversees all American banking interests, who announced immediately after the election that they were pumping into the US economy $1 Trillion, a move that shocked the World and caused, among other reactions, the following countries to state:
China warning that the unbridled printing of US Dollars with nothing to back them up has now become the biggest risk to the entire Global economy.
Germany stating that the US has broken its promise to them made at last years G-20 meeting in Toronto where the Americans stated they would not print any more Dollars without backing them up.
-and- Brazil vowing to not change their monetary policy even if the Americans “start throwing dollars out of helicopters”.
Though Obama has become the latest casualty in the titanic battle between the American banksters and its citizens he most assuredly won’t be the last as a virtual tidal wave of shocking price increases prepares to descend upon the United States and its people raising the prices of everything from the most basic of staples to the price of oil and energy as they descend into winter.
And in the most shocking move of all, the bankster elite class currently ruling America have given Obama a “way out” of his dilemma by proposing in an editorial this week, in the prestigious Washington Post no less, that the United States economy, and thus a Democratic Obama Presidency, can be “saved” by the United States declaring war on and invading Iran.
The Washington Posts calling for total World War to “cure” the US economy had previously been echoed by the equally prestigious New York Times whose Nobel Prize winning columnist Paul Krugman pointed out to Obama, and we quote:
“From an economic point of view World War II was, above all, a burst of deficit-financed government spending, on a scale that would never have been approved otherwise. Over the course of the war the federal government borrowed an amount equal to roughly twice the value of G.D.P. in 1940, the equivalent of roughly $30 trillion today.
To Obama having the “intellectual clarity” and “political will” to begin a total World War for the purpose of saving the American economy it is not in our knowing, other than to point out the obvious fact that another Democratic President, named Franklin Roosevelt, when he, likewise, was faced off against these banksters during the Great Depression, choose the sacrifice of tens of millions of human beings instead of the path of fiscal sanity.
For anyone believing that Obama will not allow this to happen we can only answer that anything is possible in a country gone completely mad like the United States. A condition, mind you, made even more certain with this past weeks news that Obama’s most powerful economic spokesman, US Treasury Secretary Timothy Geithner, held secret talks with American’s most famous comedian, John Stewart, this past April.
May God Have Mercy On Us All!
© November 5, 2010 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com.
[Ed. Note: Western governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagrees with in believing that it is every human beings right to know the truth. Due to our missions conflicts with that of those governments, the responses of their ‘agents’ against us has been a longstanding misinformation/misdirection campaign designed to discredit and which is addressed in the report “Who Is Sorcha Faal?”.]
Nov. 5, 2010