Austerity Fascism Is Coming And It Will Be Brutal 

Welcome to the age of rage – riots and revolutions will be the reaction to the next stage of the new world order

Paul Joseph Watson
Prison Planet.com
Tuesday, June 8, 2010
Top historians, social and financial analysts are warning that the draconian austerity measures currently being prepared by governments in the west will cause riots and even revolutions as people react with fury in response to their jobs, savings, basic public services, pensions and welfare money being seized by the financial terrorists who caused the economic collapse in the first place.

British historian Simon Schama is a creature of the establishment and he makes it clear whose side he is on at the end of his recent column for the Bilderberg-controlled Financial Times entitled, The World Teeters on the Brink of a New Age of Rage. However, the fact that he is an elitist at heart only makes Schama’s predications all the more alarming. This is someone on the inside who is painfully aware of the fact that the imminent attempt on behalf of the globalists to enforce so-called “austerity measures” on the people of the west, which in reality is a euphemistic term for the next leg of the new world order, is not just going to cause riots and mass social unrest, but it could even lead to revolution if the elite allow the situation to spiral out of their control.

A Pendulum Swing Toward Austerity

A Pendulum Swing Toward Austerity, by Tyler Cowen, Commentary , NY Times: “The Road to Serfdom,” the critique of socialism written 65 years ago by ... Friedrich von Hayek, was recently No. 1 in nonfiction sales at Amazon.com.  Many people, including ... Glenn Beck, have contended that growth of government power has, indeed, set us on such a road today. But ... the expansionary phase of big government is coming to an end, and quickly.

In the last few years, we have seen ... huge financial bailouts, a $787 billion stimulus plan and legislation for near-universal health insurance coverage. But the policy mood in Washington is now much more modest: no second major stimulus is forthcoming and ... a cap-and-trade system for greenhouse gas emissions is unlikely to move forward. ...

If any financial policy idea is taking a major place on the American and global stages, it is fiscal austerity. ... In the United States, we face rising health care costs and pension problems in state governments, with no clear long-run solution for bringing the books into balance.

The Powers-That-Be Are Terrified of the Mass Awakening Taking Place Worldwide

Our situation is admittedly dire.

Oligarchs are seizing more overt control in most countries in the world, the worldwide economy is on course for another - even bigger - train wreck, countries are cracking down on freedom and becoming more tyrannical, we are in a permanent state of war (and see this), and companies like BP are destroying our natural resources without any checks and balances.
But as Andrew Gavin Marshall points out, the elites are actually terrified of the mass political awakening which is occurring worldwide. 

Ben Bernanke needs fresh monetary blitz as US recovery falters 

Federal Reserve chairman Ben Bernanke is waging an epochal battle behind the scenes for control of US monetary policy, struggling to overcome resistance from regional Fed hawks for further possible stimulus to prevent a deflationary spiral.

Fed watchers say Mr Bernanke and his close allies at the Board in Washington are worried by signs that the US recovery is running out of steam. The ECRI leading indicator published by the Economic Cycle Research Institute has collapsed to a 45-week low of -5.7 in the most precipitous slide for half a century. Such a reading typically portends contraction within three months or so. 

RBS tells clients to prepare for "monster" money printing by the Federal Reserve

As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve. 

Entitled "Deflation: Making Sure It Doesn’t Happen Here", it is a warfare manual for defeating economic slumps by use of extreme monetary stimulus once interest rates have dropped to zero, and implicitly once governments have spent themselves to near bankruptcy.

The speech is best known for its irreverent one-liner: "The US government has a technology, called a printing press, that allows it to produce as many US dollars as it wishes at essentially no cost." 

The Third Depression

By PAUL KRUGMAN

Published: June 27, 2010

Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as “depressions” at the time: the years of deflation and instability that followed the Panic of 1873 and the years of mass unemployment that followed the financial crisis of 1929-31.  

Neither the Long Depression of the 19th century nor the Great Depression of the 20th was an era of nonstop decline — on the contrary, both included periods when the economy grew. But these episodes of improvement were never enough to undo the damage from the initial slump, and were followed by relapses.

Rob Johnson on TRNN

As the world waits for the decisions to roll out from the G20 summit, Rob Johnson discussed fiscal austerity with the Real News Network. “If it wasn’t so tragic I would say it was humorous,” he started out. But tragic it is. A lot of it all comes back to banks: why are deficit numbers so high? The financial crisis, caused by big banks. Who does fiscal austerity benefit, when it risks killing economic recovery? Those who hold treasury bonds at 0% interest — big banks. “Finance is supposed to be a servant to commerce, [the] economy, [and] social goals. Well the servant’s servant has become the master’s master. And it’s time to reinvert that,” Rob says.

Supreme Court Ruling Criminalizes Speech in Material Support Law Case

President Carter Could Be Prosecuted for Monitoring Fair Elections in Lebanon

June 21, 2010, Washington and New York – Today, the U.S. Supreme Court ruled 6-3 to criminalize speech in Holder v. Humanitarian Law Project, the first case to challenge the Patriot Act before the highest court in the land, and the first post-9/11 case to pit free speech guarantees against national security claims. Attorneys say that under the Court’s ruling, many groups and individuals providing peaceful advocacy could be prosecuted, including President Carter for training all parties in fair election practices in Lebanon. President Carter submitted an amicus brief in the case.

Chief Justice Roberts wrote for the majority, affirming in part, reversing in part, and remanding the case back to the lower court for review; Justice Breyer dissented, joined by Justices Ginsburg and Sotomayor. The Court held that the statute's prohibitions on "expert advice," "training," "service," and "personnel" were not vague, and did not violate speech or associational rights as applied to plaintiffs' intended activities. Plaintiffs sought to provide assistance and education on human rights advocacy and peacemaking to the Kurdistan Workers' Party in Turkey, a designated terrorist organization. Multiple lower court rulings had found the statute unconstitutionally vague.

Said CCR Cooperating Attorney David Cole, “We are deeply disappointed. The Supreme Court has ruled that human rights advocates, providing training and assistance in the nonviolent resolution of disputes, can be prosecuted as terrorists. In the name of fighting terrorism, the Court has said that the First Amendment permits Congress to make human rights advocacy and peacemaking a crime. That is wrong.”