Wednesday, October 22, 2014
For instance, let's say a President in office is impeached, decides to resign or chokes on some cherries and no more, then what happens?
The Vice President who is always of the same political party and picked directly by that former President will for all intent and purposes continue pushing the same political aims and objectives.
Well then the Speaker of the House takes over..
Now even though the Speaker can be of a different political party, the Cabinet would still be composed of appointees of the original President..
And the Speaker ultimately is bought and paid for by the same wealthy political donors and corporations who like to hedge their 'bets' as all other politicians of both parties..
Neither can we..
This means even in a total disaster where the Presidential line of succession went down to the lowest member of the Cabinet (Secretary of Homeland Security is 17th in line) you still have every single person in line who would be pro-banks, pro-Wall Street, pro-war and all the other rot..
OK so no change there..
The President appoints one every four years on a different cycle from normal elections so their term overlaps..
So let's say the current Chair Janet Yellen quit or took an overdose of sleeping pills?
Well, then the Vice-Chair steps in..
Nice and neat and tidy..
The overall ideologies and 'do everything for the banks, corporations, Investors & 1%' mindset is consistent
And if four years passes and the President wants a new Fed Chair?
Easy.. He chooses from a small list of candidates the Fed board themselves provide which ensures no one from the 'outside' ever gets in and meddles from within with their total control over the money supply..
What is the line of succession with the legislative branch?
If a Senator or Congressperson resigns or their airplane crashes, that state's Governor simply appoints someone to fill that slot until the next election cycle..
He/she would almost always be the same political party and ideology as the Governor, and not necessarily the person being replaced..
So the chances of a real mover and shaker entering Congress this way is pretty remote..
No one from the outside ever gets in..
And the people who run for office?
Mostly professional politicians who've run for and held one office or another and are deeply entrenched in the System; professionals in the game of scurrying about for donations and perfecting the art of saying nothing with a smile
And that one in a billion who actually slips through the cracks and crevices to make it through the obstacle course into a position of real decision-making power?
They're marginalized or smeared or framed or killed..
Take the President for instance..
According to CNN, May 15, 2009:
"Obama holds the bulk of his investing assets in U.S. Treasury bonds, with a range of between $1 million and more than $5 million...
He also has between $101,000 and $265,000 in two checking accounts (with JP Morgan Chase bank)...
The vast majority of his mutual fund holdings are in the Vanguard FTSE Social Index fund (VFTSX), with a range of between $115,000 and $250,000."
At the time, Obama owned stock in JP Morgan Chase, Apple, Google, Intel and McDonalds to name a few.. We assume the same stocks are still owned
Does anyone really think Obama would institute any policy for the greater societal good which would cause the Dow to drop or his personal bank JP Morgan Chase to collapse?
Let's say back in May 2009, the President owned $10k in stocks with JP Morgan Chase which were then valued at $36.90, that would mean Obama would be in possession of 271 shares
Today. the stock is valued at $57.93 thanks to infinite QE, the super-low interest financing for banks and other lax regulation..
So if the President sold all his stock today ($57.93 x 271 shares)
Those stocks based on the speculative example, would be worth $15,699, a profit of $5,699
They All knew when to get out..
Any politician who is invested in the market has a conflict of interest between what's in the public's best interest and what's best for Investors and the 1%
Top to bottom..
Succession control is more than any other more complex reason is why absolutely nothing ever gets done economically for the everyday person's behalf..
And why ultimately the difference between Dems and Reps in financial matters, are more subtle than most which to acknowledge..
Posted by Susquehanna at Wednesday, October 22, 2014