Paulson Was Behind Bailout Martial Law Threat
Inhofe says Treasury Secretary made dire warnings in conference call on September 19th
Paul Joseph Watson
Prison Planet.com
Thursday, November 20, 2008
Senator James Inhofe has revealed that Henry Paulson was behind the threats of martial law and a new great depression prior to the passage of the bailout bill, having made such warnings during a conference call on September 19th, around two weeks before the legislation was eventually approved by both the Senate and Congress.
As we reported at the time, on October 2, Democratic Congressman Brad Sherman gave a stunning speech on the House floor during which he decried the fact that, “Many of us were told in private conversations that if we voted against this bill on Monday that the sky would fall, the market would drop two or three thousand points the first day, another couple of thousand the second day, and a few members were even told that there would be martial law in America if we voted no.”
A few days before, Rep. Michael Burgess also told the House, “Mr. Speaker I understand we are under Martial Law as declared by the speaker last night,” referring to a temporary suspension of the rules and procedures of Congress by its leaders so that a bill can be passed quickly.
But the origin of the most dire warnings about physical martial law in America, to which Sherman was likely referring, has now been exposed.
Speaking on Tulsa Oklahoma’s 1170 KFAQ, when asked who was behind threats of martial law and civil unrest if the bailout bill failed, Senator James Inhofe named Treasury Secretary Henry Paulson as the source.
“Somebody in D.C. was feeding you guys quite a story prior to the bailout, a story that if we didn’t do this we were going to see something on the scale of the depression, there were people talking about martial law being instituted, civil unrest….who was feeding you guys this stuff?,” asked host Pat Campbell.
“That’s Henry Paulson,” responded Inhofe, “We had a conference call early on, it was on a Friday I think – a week and half before the vote on Oct. 1. So it would have been the middle … what was it – the 19th of September, we had a conference call. In this conference call – and I guess there’s no reason for me not to repeat what he said, but he said – he painted this picture you just described. He said, ‘This is serious. This is the most serious thing that we faced.’”
Inhofe said that Paulson told members of Congress the crisis would be “far worse than the great depression” if Congress didn’t authorize the bill to buy out toxic debt, a proposal “which he abandoned the day after he got the money,” added Inhofe.
Inhofe is referring to the controversy last week when it emerged that the bailout money was not going to buy up toxic debt but instead Paulson, the former CEO of Goldman Sachs, had pulled a bait and switch and ordered the money be injected directly into banks.
Senator Inhofe has slammed the secrecy surrounding the destination of the bailout money, saying that Hank Paulson could have given it to his friends and that the “blank check” must be cancelled now.
Inhofe is now trying to rally support for a freeze on what’s left of the initial $350 billion of bailout money with his “roll back the bailout” proposal, which will also require an affirmative vote on the part of Congress to approve Treasury’s plan for the remaining $350 billion.
Watch the clip from Inhofe’s interview below.
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Paulson learned strongarming working for Nixon
He was Ehrlichmann's top assistant in the Nixon Administration. And, later, Haldeman's memos revealed that he understood Nixon to mean the Kennedy assassination whenever he mentioned exposing that whole "Bay of Pigs" thing. The names involved in the now public but previously shadowy cabal seem to stay the same.
From Wikipedia:
"In Spring 2007, Secretary Paulson told an audience at the Shanghai Futures Exchange that 'An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.'
In August 2007, Secretary Paulson explained that U.S. subprime mortgage fallout remained largely contained due to the strongest global economy in decades.
On July 20, 2008, after the failure of Indymac Bank, Paulson reassured the public by saying, 'it's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.'
In Spring 2007, Secretary Paulson told an audience at the Shanghai Futures Exchange that 'An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.'
In August 2007, Secretary Paulson explained that U.S. subprime mortgage fallout remained largely contained due to the strongest global economy in decades.
On July 20, 2008, after the failure of Indymac Bank, Paulson reassured the public by saying, 'it's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.' See Wikipedia for citations.
On August 10, 2008, Secretary Paulson told NBC’s Meet the Press that he had no plans to inject any capital into Fannie Mae or Freddie Mac.[21] On September 7, 2008, both Fannie Mae and Freddie Mac went into conservatorship.
On August 10, 2008, Secretary Paulson told NBC’s Meet the Press that he had no plans to inject any capital into Fannie Mae or Freddie Mac.[21] On September 7, 2008, both Fannie Mae and Freddie Mac went into conservatorship." See Wikipedia for citations.
Other facts linking Nixon to the JFK assassination emerged years later during the Watergate conspiracy, some of which were revealed by Nixon's former chief of staff, H. R. Haldeman. In his book, The Ends of Power, Haldeman cites several conversations where Nixon expressed concern about the Watergate affair becoming public knowledge and where this exposure might lead.
Haldeman writes:
"In fact, I was puzzled when he [Nixon] told me, 'Tell Ehrlichmann this whole group of Cubans [Watergate burglars] is tied to the Bay of Pigs.' After a pause I said, 'The Bay of Pigs? What does that have to do with this [the Watergate burglary]?' But Nixon merely said, 'Ehrlichman will know what I mean,' and dropped the subject."
Later in his book, Haldeman appears to answer his own question when he says, "It seems that in all of those Nixon references to the Bay of Pigs, he was actually referring to the Kennedy assassination."
If Haldeman's interpretation is correct, then Nixon's instructions for him to, "Tell Ehrlichmann this whole group of [anti-Castro] Cubans is tied to the Bay of Pigs," was Nixon's way of telling him to inform Ehrlichmann that the Watergate burglars were tied to Kennedy's murder. (It should be noted that many Cuban exiles blamed Kennedy for the failure to overthrow Castro at the Bay of Pigs, pointing to Kennedy's refusal to allow the American military to launch a full-scale invasion of the island.)
Haldeman also links the CIA to the Watergate burglars and, by implication, to the Kennedy assassination. Haldeman writes, "...at least one of the burglars, Martinez, was still on the CIA payroll on June 17, 1972 -- and almost certainly was reporting to his CIA case officer about the proposed break-in even before it happened."
Quoted from http://www.answerbag.com/q_view/407765; Haldeman, "The Ends of Power" (Times Books 1978); Schorr, Daniel, "Clearing the Air", (Berkeley Medallion Books 1978)
They all knew this was coming and chose the time to do it.
This "crisis" was not a surprise emergency. This bullshit had been cooking for years. They chose the time for it to happen, while Bush was still in office and while their former Goldman Sachs man was still head of Treasury. (can you say conflict of interest?) Since the series of bailouts were approved, the economy is still tanking. However, the banks and firms who have gotten the FREE BILLIONS have paid their shareholders dividends, paid their executives BONUSES, and even had weekend getaways for their executives at luxury resorts. (AIG has had two such getaways). The banks are using the FREE BILLIONS to buy up smaller banks so that they can become TOO BIGGER to allow to fail. Meanwhile the average working person, if he is lucky enough to still have a job, is struggling to stay alive. The possibility, make that probability of a great depression is still looming and the economy is still crashing. Unemployment is higher than it has been in decades even though those numbers are always underreported.
Now it is revealed that Paulson was the source of the threat of martial law?
Paulson, who demanded no oversight. Paulson, who insisted more powers be given to him. Paulson, one of the irresponsible gamblers who caused this bullshit in the first place, was behind the threat which coerced the bailout, which in turn has further enriched his irresponsible elitist friends on Wall Street, yet hasn't done Jack Squat for the average American.
Paulson has no conscience. Paulson should be extracted from the Treasury Department secretaryship. He should be thoroughly investigated. If what he has done isn't criminal, then the laws must be changed and made retroactive, like they did with telecom immunity for illegal spying. Then they need to convict him, take all his assets and lock him up for the rest of his time on this planet.
Join us at the END THE FED rally this Saturday.
I'll be there.
Join us at the END THE FED rally this Saturday.