Peter Dale Scott: Martial Law, the Financial Bailout, and War

Martial Law, the Financial Bailout, and War

by Peter Dale Scott - January 7, 2008

Paulson's Financial Bailout

It is becoming clear that the bailout measures of late 2008 may have consequences at least as grave for an open society as the response to 9/11 in 2001. Many members of Congress felt coerced into voting against their inclinations, and the normal procedures for orderly consideration of a bill were dispensed with.

The excuse for bypassing normal legislative procedures was the existence of an emergency. But one of the most reprehensible features of the legislation, that it allowed Treasury Secretary Henry Paulson to permit bailed-out institutions to use public money for exorbitant salaries and bonuses, was inserted by Paulson after the immediate crisis had passed.

According to Congressman Peter Welch (D-Vermont) the bailout bill originally called for a cap on executive salaries, but Paulson changed the requirement at the last minute. Welch and other members of Congress were enraged by "news that banks getting taxpayer-funded bailouts are still paying exorbitant salaries, bonuses, and other benefits." In addition, as AP reported in October, "Sen. Charles Schumer, D-N.Y. questioned allowing banks that accept bailout bucks to continue paying dividends on their common stock. `There are far better uses of taxpayer dollars than continuing dividend payments to shareholders,' he said."

Even more reprehensible is the fact that since the bailouts, Paulson and the Treasury Department have refused to provide details of the Troubled Assets Relief Program spending of hundreds of billions of dollars, while the New York Federal Reserve has refused to provide information about its own bail-out (using government-backed loans) that amounts to trillions. This lack of transparency has been challenged by Fox TV in a FOIA suit against the Treasury Department, and a suit by Bloomberg News against the Fed.

The financial bailout legislation of September 2008 was only passed after members of both Congressional houses were warned that failure to act would threaten civil unrest and the imposition of martial law...


While Congress may appear

While Congress may appear concerned, their behavior is comical. They passed this nonsensical bailout, and it is in and of itself a symptom of martial law.


I would be interested in any feedback on the viewpoint of Christopher Story on his analysis of what created the financial implosion. His fingering corrupt regimes in real time before/after the financial collapse is impressive.

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Re: Is there a specific article you want feedback on?

the enormous amount of articles makes it difficult for half-hazard researchers. Many were following these reports, but when one of the articles claimed that Henry Paulson was temporarily arrested, and later he or a double shot in the chest that was unsubstantiated, the depth and details and assimilation of ALL the reports were dismissed.

Nevertheless, the two recent ones i would appreciate comment on is the most recent one: SETTLEMENTS AND REFUNDING: OR DOLLAR COLLAPSES and this one that I tried to post for this purpose, but was rejected by 911blogger monitors for reasons mentioned above: WASHINGTON EXPOSED AS SECRETLY FINANCING AL-QAEDA

thanks for considering my request..


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Those bastards

There's a special hot spot in hell reserved for these bastards.