How Far Will the Government Go to Defend the Too Big to Fail Banks?


Update: After a 13-hour filibuster by Senator Paul asking for a yes-or-no answer, the Attorney General finally said that drones would not be used to kill U.S. citizens who were not engaged in combat.

The Attorney General of the United States made the following 2 statements within 48 hours:

These statements may – at first glance – seem unconnected.  And the mainstream media is treating them as separate.

True, the government is hell-bent on keeping the giant banks afloat, even though virtually all independent economists, financial experts and bankers are calling for them to be broken up, and Americans overwhelmingly want the government to get tougher on prosecuting Wall Street fraud.

But there might be more to it then than that … and Holder’s statements may be intimately connected.

For example, the Department of Homeland Security, FBI, and other government agencies worked hand-in-hand with the big banks to violently crack down on the Occupy protests.

And what was Occupy protesting?  One of the core complaints of the Occupy protesters was that there are two systems of justice: the little guy gets thrown in jail for the smallest infraction, while banksters escape prosecution for their criminal fraud.  (Occupy also protested the fact that that the big banks got bailed out, while the rest of us got sold out.  And see this.)

In other words, it is exactly the Department of Justice’s policy of not prosecuting big bank crimes which was one of Occupy’s core complaints … and – in response – the federal government sent in the goons to crack heads and trash the free speech rights of the protesters.

This is not an isolated incident.

The big banks literally own the politicians.

For many years, the government has used anti-terror laws mainly to crush political dissent and to help the too big to fail businesses.

Asking questions about Wall Street shenanigans, speaking out against government policies, and protesting anything are all considered grounds for being labeled a “potential terrorist” by the government. (Whistleblowers and journalists are also being treated as terrorists.)

Indeed, the government agency with the power to determine who gets assassinated is the same agency that is at the center of the “ubiquitous, unaccountable surveillance state aimed at American citizens.”

If this sounds like breathless fearmongering, please remember that the U.S. military now considers the American homeland to be a “battle zone” (and see this).

And the banking system is considered “critical infrastructure” by the Department of Homeland security.

Another Connection Between Big Banks and Drones

There is another connection between big banks and drones.

The big banks have a direct role in encouraging and financing war. And see this.

And Ron Paul noted in 2007:

Congress and the Federal Reserve Bank have a cozy, unspoken arrangement that makes war easier to finance. Congress has an insatiable appetite for new spending, but raising taxes is politically unpopular. The Federal Reserve, however, is happy to accommodate deficit spending by creating new money through the Treasury Department. In exchange, Congress leaves the Fed alone to operate free of pesky oversight and free of political scrutiny.

The big banks own the Federal Reserve.

Indeed, war is a racket … and some say that all wars are really bankster wars.