It never ceases to amaze me how Ellen Brown manages to touch on so many recent posts over here, with every new post over there, especially this one.

In relative short order she covers IMF austerity, Fiscal Responsibility, the double edged sword of the Peterson-Pew Commission, and she goes where few other bloggers have gone before.

She certainly gets the relationship between Blackstone and Blackrock hinted at in Meet the New World Order - Same as the Old World Order, where I added the editor’s note: One wonders if the connection between Blackstone and Blackrock have more to do with the article above than their similar sounding names. Oh, she gets it alright:

The (FSP or Federal Thrift Savings Plan), available for federal employees like congressional staff workers, has over $200 billion of assets (on paper anyway). About half these assets are in special non-negotiable US Treasury notes issued especially for the FSP scheme. The other half are invested in stocks, bonds and other securities. . . . The nearly $100 billion in [this] half of the plan is managed by Blackrock Financial. And, yes, shock, Blackrock Financial is a creation of Mr. Peterson’s Blackstone Group. In fact, the FSP and Blackstone were birthed almost as a matched set. It’s tough to fail when you form an investment management company at the same time you gain the contract that directs a percentage of the Federal government payroll into your hands.

We often credit Ellen as the original inspiration for our Sovereign State Solution. You must read the entire article though to understand that the Peterson/Walker proposed “mandatory savings tax” is merely the vehicle for another such cozy contract.

Then, If you read our post of February 18th, Where Fiscal Responsibility Meets Austerity you know that the title of Ellen’s March 1st article, IMF-STYLE AUSTERITY MEASURES COME TO AMERICA: WHAT “FISCAL RESPONSIBILITY” MEANS TO YOU can’t be very ideologically distant.

This is not a case of plagiarism. I doubt that Ellen even reads letthemfail. But we do think amazingly alike. That said, she has arrived on March 1st where I was headed on February 18th, with:

All of this puts “fiscal responsibility” in a different light. Rather than saving the future for our grandchildren, as the President himself seems to think it means, it appears to be a code word for delivering public monies into private hands and raising taxes on the already-squeezed middle class.

As we say time and time again, Rockefellar’s “intellectual elite and world bankers” float Trojan horses at every opportunity they can. Some come riding in like white Knights to save the day with tough love fiscal medicine which hard-working conservatives might mistake as the more traditional sacrifice of an honest work ethic. But don’t confuse sacrifice for your own sake, and your own future, with the false sacrifices to be offered to the global elites (they may demand your virgins next).

I cite one observation, and one caveat, in the article. First, is the bankruptcy of Social Security as a red herring. Let’s hope that Dean Baker’s projections take into consideration the rapid and unabated disintegration of jobs. At the current rate of real (not reported) job attrition, as well as the run on early retirement, I predict Social Security as unsustainable through this decade, at the present rate of attrition. I’m way doomier and gloomier than that.

And the caveat:

Better yet would be to either nationalize or abolish the Fed and fund the government directly with Greenbacks as President Lincoln did. What the Fed does the Treasury Department can do, for the cost of administration.

True Ellen, but I lament that our “Federistas” are too far gone. There could still be a grassroots movement to issue public credit at the level of the States, but to hope for a National wake up call is a mushroom fantasy. The sovereign nations of the world, including the U.S., are well-captured by their central banking counterparts. Your optimism is duly noted, but our best and only hope for the people is for their REPRESENTATIVE governments–those governmental systems closer to the people than to the banks–to make the sovereign credit paradigm shift.

The Sovereign State Solution may well be our ONLY hope.

Oddly, Coutts is in the news today, in this Bloomberg article. But there is nothing much to make of the article, other than a sanitized introductory piece on the history of Coutts, it’s relationship to RBS and the possible take-away that in a collapsing European economy there’s trouble at this venerable bank of “Royals”.

Let’s review what we’ve already written about Coutt’s from our February 11th post, in the context of other recent posts you may or may not have been following:

The power behind the Royal Bank of Scotland (RBS), is the British monarchy. Among RBS’s holdings is Coutts & Co., perhaps the premier private bank in the world. Coutts provides discreet banking services for members of the British royal family, foreign royals, and many prominent imperial agents around the world.

RBS is one of two firms to strike a strategic alliance with Banco Santander. The other is Assicurazioni Generali (”Generali”), the Venetian insurance giant which sits like a spider at the center of the web of Venetian finance.

Coutts was founded in 1692, and has gone through several incarnations. Today, its Ibero-American operations have been sold to Banco Santander. Generali was founded in 1831, out of a collection of smaller Venetian insurance companies. It is the dominant financial power in Italy, but its influence stretches around the world.

As you review the Bloomberg article, it becomes clear that Coutts is a prime example of the decline of the old world Anglo Dutch financial oligarchy, an extension of the former Venecian financial oligarchy.

But even a personnage as dastardly as Nathan Rothschild would admonish the present day mountebank paperhangers who have so poisoned the well of taxpayer looting that there is nothing left to do but to expand the Brazil carry trade bubble through it’s Santander Casino.  

To help facilitate the creation of this latest speculative bubble, the Central Bank of Brazil has announced new measures to expand the derivatives market in the country, and the Brazilian BOVESPA has reached a similar agreement with the Chicago Mercantile Exchange, the world’s largest derivatives exchange. 

Now that Bloomberg has introduced Coutts to the public at large, be prepared to see more exposure of these Inter Alpha group connections and their sordid ties to Wall Street (as in the AIG backdoor bailout of RBS).

As the true ”decadent western civilization” nature of the coming old world monetary collapse is exposed, the final chapter fits nicely into the puzzle pieces assembled so far.

In their lust for money and power, the ”intellectual elites  and world bankers” have bitten off the hand that feeds them, and having destroyed the productive economies of the working classes they loot, as well as the taxing powers of the nations they have swindled, even the poisoned wells have run dry.

Such was the sound of the dinner fork clanging against the marble floor of the Westfield Marriott in Chantilly, just as it fell in the prior year’s Bilderberg meeting in Vouliagmeni, Greece, where insider Daniel Estulin reported:

–some European bankers expressed great alarm over their own fate and called the current high wire act “unsustainable”.

Do check the links, as well as recent posts, Watson. Clues abound, and … the game’s afoot!

Back when all the attention was focused on Greece, we told of Spain’s imminent downfall, and we still predict that Assicurazioni Generali will emerge as the AIG of Europe when Banco Santander’s MBS derivatives and default swaps finally unravel.

Just as one needs no Svengali to divine the direction of rats fleeing a sinking ship, we easily predicted that the same off balance sheet Voodoo practiced in Goldman’s “Grecian Bend” (of sovereign debt) was going to be uncovered all across the European Union. And starting with London, and now Italy, the dominos topple like so many ”revelations” of smaller scale interest rate and debt protection rackets used to lure U.S. States and Municipalities into the web of deceit and betrayal at the heart of the banker’s derivative gaming tables.

No Ouija Boards, crystal balls or tarot cards are required, just the intestinal fortitude to hold down your lunch as the stench of that maggot-ridden corpse comes welling up every time you take a peek under the coffin lid of the Anglo Dutch financial funerary.

It’s so gangrenous and putrid in there that when the window of that Mercedes sedan rolls down to impose upon the driver of that nearby Astin Martin in the once popular Grey Poupon commercial, the voice in the shadows will instead ask, “Pardon me … but would you happen to have any clear Formaldehyde?”

If there is one focal issue which all people, parties and movements in America seem to agree on, it is the need for JOBS.

But what has escaped the Madison Avenue inspired White House spin doctors is the proper way to approach the issue. In a classic case of the Freudian slip, the Administration still insists (in typical narcissistic fashion) that it has this god-like ability to CREATE jobs out of, basically, nothing but paper promises. 

This boast can only emanate from a big government, government-knows-best mindset, which clearly betrays itself, in the obvious result that the greatest number of jobs being created are government jobs, or jobs which support government initiatives, or, sadly, jobs with personal inside connections to actual government officials, or their friends or families.

It’s amazing that the White House behaviorist propaganda wizards have so clearly botched the semantics of their spin, which should be couched around a campaign to prove that they are “helping to create an environment which enables the growth of private sector jobs”. That’s what they should be saying, even though it’s clearly not what they’re doing, and it is oddly out of character for this administration to miss an opportunity to euphamistally enshroud their government-growth-centric agenda in righteous sounding, patriotic, capitalistic rhetoric.

But regardless, the effect is clear. For example, when my 19 year old daughter, who currently flips pizza’s for a living (her fourth part-time job in under two years) comes over for dinner, I have to realistically, as a concerned father, suggest what I think to be her best bet to secure a stable full time job.

“Try to break into government, especially federal government” I say, knowing that the great socialist experiment that America will likely be gagging on for the next three years provides the best opportunity for stability, advancement and growth. After all, with the average federal government salary at $71,000 per year (and rising), vs. $40,333 (and falling) in the private sector, it doesn’t take a genius to figure out where we’re headed.

A government job may not be very exciting, or very satisfying, but it’s currently our number one growth industry and the only industry where incomes are growing, and it’s where our tax dollars (in the form of stimulus spending) are headed. And since the country’s headed for bankruptcy, making hay where any dwindling ray of light still shines seems the most pragmatic solution for now.

“You may luck into some academic study of the foreclosure crisis, or maybe a research position to determine the efficiency of green jobs during a global cooling cycle will topple your way. Maybe you can make a living studying the effects of healthcare reform with some assistance from a grant for whatever ACORN ends up changing it’s name to.”

Of course, this isn’t exactly what I say, but it is what I’m thinking, as I try to craft a message that relates to what remains of the positive thinking that a 19 year old mind can wrap itself around, coming from 50 years of life experience–of which the last 15 has been spent in perpetual disgust.

Likewise, as the private sector shutters it’s doors and pulls the curb up around the expected surge in uncontrolled spending, earmarked to “create” more wasteful, useless government jobs, the sad fact is pretty clear. What jobs are created or saved, or “funded”, will no longer employ the resourcefulness and ingenuity of the great American free market (appropriately in hibernation with the private sector economy).

Rather, the new norm in contrived job “growth” is to languish along the sordid path of big government cronyism, operating under the “invisible hand” of multi-national corporatism, which curtails private sector growth through it’s public-private partnership with a government bent on the extortion of middle class wealth and the elimination of it’s honest work ethic. Working hard and sacrificing for the future is out. Knowing the right people and making the right connections is in.

The multi-national corporate - government cartel subsidizes failure with penalties (taxes and fines) for success, and by penalizing regional or national economies, it thereby extinguishes all up and coming rivals. If  big government can transform the majority of voters into unemployed wards of the new “Governation”, their bets will pay off and the hopeless, new, majority entitlement class will keep them in power.

Under that plan, government functions as a condom for the global elites, protecting them as they sodomize what’s left of the former working class, and providing “safe” jobs for the useless serfs which serve them, at various entitlement layers of the socio-economic stratum.