The silly-billy tyranny exerted shamelessly now by the Obama-Pelosi gang through a puppet president, nasty as it is, may be short-lived because nonsense cannot endure. But the real power, the serious power, lies elsewhere, with the financial institutions.

They have an agenda to reduce us all to serfdom.

We summarize an article by Justin Haskins at Townhall:

In June 2020, elites from around the world announced [from a “virtual Davos meeting”] the launch of a plan to “reset” the entire global economy.

Every country, from the United States to China, must participate in the Great Reset, and every industry, from oil and gas to tech, must be transformed. So wrote Klaus Schwab, the founder and executive chairman of the World Economic Forum.

Although Great Reset supporters call for dramatic expansions of government welfare programs, including job guarantees, government-provided health care, etc.,the heart of the Great Reset is something called environmental, social, and governance (ESG) metrics. Those include how “green” a company is, its “right” ratio of minorities, whether a business is involved in politically disfavored industries such as gun manufacturing and sales. According to its ESG metrics, a company is accorded a rating.

Bank of America, Citi, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Wells Fargo –  the six largest banks in the United States – have announced their commitment to the Great Reset. (So has Mastercard.)

Individuals should also expect to be “rated”   by these financial institutions. If you want a loan from one of those banks in the future, you’d better toe the globalist line on climate change.

If banks are allowed to collectively decide to stop financing any group of people they want, based not on financial concerns but ideological considerations, then banks and their Great Reset allies will have, in effect, near-total control over society.

In January 2021, the Trump-era Office of the Comptroller of the Currency issued a finalized Fair Access to Financial Services regulation that would have made it illegal for large banks to engage in that sort of discrimination. But just one week after entering the White House, President Joe Biden “paused” the rule’s implementation, signaling his clear intention to eliminate the rule before it ever has a chance to be published in the Federal Register. No surprise. The Biden administration’s “climate czar” John Kerry is an ardent supporter of the  Great Reset.

The time has come for a massive populist revolt against the Great Reset. The fate of the free world depends on it.

… is worse than you fear.

Now the revelation bursts upon us that Donald Trump never really stood a chance of being re-elected, even if every living citizen had voted for him.

And Americans stood no chance of remaining free. 

The vast movement to dissolve the founder’s Republic of America was begun long before the 2016 election of Donald Trump. His four years were an unexpected interruption of the reorganization of the human world into a global community of helots ruled by an oligarchic dictatorship.

America will now have a system not only like China’s oligarchic dictatorship, but in partnership with it.

It took decades for China to gain the subservience of an American government. It was finally achieved with the defeat of President Trump and the election to the presidency of Joe Biden.

Trump had seen the danger and had tried to counter it. But the forces ranged against him were far too numerous and far too powerful.

It suits Communist China very well to have Joe Biden as a figurehead president of the United States. For the Chinese, his senility is an asset. In any case, they own him. They own his son, they own his family. They have filled the Bidens’ coffers. It was probably they who chose him to be the Democratic Party’s candidate. They own the Democratic Party.

Does all  this seem too far fetched?

Lee Smith, senior fellow at the Hudson Institute, explains how the process and the triumph were worked. The article is long. We select the telling points – which requires some change of the original order – and strongly recommend the reading of the whole thing.

The poisoned embrace between American elites and China began nearly 50 years ago when Henry Kissinger saw that opening relations between the two then-enemies would expose the growing rift between China and the more threatening Soviet Union. At the heart of the fallout between the two communist giants was the Soviet leadership’s rejection of Stalin, which the Chinese would see as the beginning of the end of the Soviet communist system—and thus it was a mistake they wouldn’t make.

Meanwhile, Kissinger’s geopolitical maneuver became the cornerstone of his historical legacy. It also made him a wealthy man selling access to Chinese officials. In turn, Kissinger pioneered the way for other former high-ranking policymakers to engage in their own foreign influence-peddling operations, like William Cohen, defense secretary in the administration of Bill Clinton, who greased the way for China to gain permanent most favored nation trade status in 2000 and become a cornerstone of the World Trade Organization.

The Cohen Group has two of its four overseas offices in China, and includes a number of former top officials, including Trump’s former Defense Secretary James Mattis, who recently failed to disclose his work for the Cohen Group when he criticized the Trump administration’s “with us or against us” approach to China in an editorial. “The economic prosperity of U.S. allies and partners hinges on strong trade and investment relationships with Beijing,” wrote Mattis, who was literally being paid by China for taking exactly that position.

Yet it’s unlikely that Kissinger foresaw China as a cash cow for former American officials when he and President Richard M. Nixon traveled to the Chinese capital that Westerners then called Peking in 1972. “The Chinese felt that Mao had to die before they could open up,” says a former Trump administration official. “Mao was still alive when Nixon and Kissinger were there, so it’s unlikely they could’ve envisioned the sorts of reforms that began in 1979 under Deng Xiaoping’s leadership. But even in the 1980s China wasn’t competitive with the United States. It was only in the 1990s with the debates every year about granting China most favored nation status in trade that China became a commercial rival”—and a lucrative partner. …

Just after defeating communism in the Soviet Union, America breathed new life into the communist party that survived. And instead of Western democratic principles transforming the Chinese Communist Party (CCP), the American establishment acquired a taste for Eastern techno-autocracy. Tech became the anchor of the U.S.-China relationship, with CCP funding driving Silicon Valley startups, thanks largely to the efforts of Dianne Feinstein, who, after Kissinger, became the second-most influential official driving the U.S.-CCP relationship for the next 20 years.

In 1978, as the newly elected mayor of San Francisco, Feinstein befriended Jiang Zemin, then the mayor of Shanghai and eventually president of China. As mayor of America’s tech epicenter, her ties to China helped the growing sector attract Chinese investment and made the state the world’s third-largest economy. Her alliance with Jiang also helped make her investor husband, Richard Blum, a wealthy man. As senator, she pushed for permanent MFN trade status for China by rationalizing China’s human rights violations, while her friend Jiang consolidated his power and became the Communist Party’s general secretary by sending tanks into Tiananmen Square. Feinstein defended him. “China had no local police,” Feinstein said that Jiang had told her. “Hence the tanks,” the senator from California reassuringly explained. “But that’s the past. One learns from the past. You don’t repeat it. I think China has learned a lesson.” …

Clearly, big money was to be made from China. Democrats could overlook little matters like what happened in Tiananmen Square. It wasn’t the Communist government’s fault. They had no police, so they had to use tanks. Anyway, it was a learning experience for them and they’ll never do anything like that again. Look on the bright side, where the money glitters.

The American elite decided that democracy wasn’t working for them. …

[That] disenchanted elite … impoverished American workers while enriching themselves. The one-word motto they came to live by was globalism—that is, the freedom to structure commercial relationships and social enterprises without reference to the well-being of the particular society in which they happened to make their livings and raise their children.

Undergirding the globalist enterprise was China’s accession to the World Trade Organization in 2001. For decades, American policymakers and the corporate class said they saw China as a rival, but the elite … saw enlightened Chinese autocracy as a friend and even as a model—which was not surprising, given that the Chinese Communist Party became their source of power, wealth, and prestige. Why did they trade with an authoritarian regime and by sending millions of American manufacturing jobs off to China thereby impoverish working Americans? Because it made them rich. They salved their consciences by telling themselves they had no choice but to deal with China: It was big, productive, and efficient and its rise was inevitable. And besides, the American workers hurt by the deal deserved to be punished—who could defend a class of reactionary and racist ideological naysayers standing in the way of what was best for progress?

Returning those jobs to America, along with ending foreign wars and illegal immigration, was the core policy promise of Donald Trump’s presidency, and the source of his surprise victory in 2016.  … The only people who took Trump seriously were the more than 60 million American voters who believed him when he said he’d fight the elites to get those jobs back.

As Lee Smith sees it, Trump himself was the creator of the “China Class” – because opposition to him united disparate interests which were all the beneficiaries of Chinese patronage. It’s an accusation, and as such unfair since that was not the president’s intention. Smith explains:

What [Trump] called “The Swamp” appeared at first just to be a random assortment of industries, institutions, and personalities that seemed to have nothing in common, outside of the fact they were excoriated by the newly elected president. But Trump’s incessant attacks on that elite gave them collective self-awareness as well as a powerful motive for solidarity. Together, they saw that they represented a nexus of public and private sector interests that shared not only the same prejudices and hatreds, cultural tastes and consumer habits but also the same center of gravity—the U.S.-China relationship. And so, the China Class was born.

A great many Americans in technology, sport, commerce, academia, bureaucracy, politics …

…benefited extravagantly from the U.S.-China relationship. These strange bedfellows acquired what Marxists call class consciousness—and joined together to fight back, further cementing their relationships with their Chinese patrons. United now, these disparate American institutions lost any sense of circumspection or shame about cashing checks from the Chinese Communist Party, no matter what horrors the CCP visited on the prisoners of its slave labor camps and no matter what threat China’s spy services and the People’s Liberation Army might pose to national security.

Think tanks and research institutions like the Atlantic Council, the Center for American Progress, the EastWest Institute, the Carter Center, the Carnegie Endowment for International Peace, Johns Hopkins School of Advanced International Studies, and others gorged themselves on Chinese money. The world-famous Brookings Institution had no scruples about publishing a report funded by Chinese telecom company Huawei that praised Huawei technology.

They “gorged themselves on Chinese money” – not without a trace of shame in some cases?

The billions that China gave to major American research universities, like $58 million to Stanford, alarmed U.S. law enforcement, which warned of Chinese counterintelligence efforts to steal sensitive research. But the schools and their name faculty were in fact in the business of selling that research, much of it paid for directly by the U.S. government—which is why Harvard and Yale among other big-name schools appear to have systematically underreported the large amounts that China had gifted them. …

But then came a freebie from China that was not welcome:

China was the source of the China Class’s power, [and] the novel coronavirus coming out of Wuhan became the platform for its coup de grace. So Americans became prey to an anti-democratic elite that used the coronavirus to demoralize them; lay waste to small businesses; leave them vulnerable to rioters who are free to steal, burn, and kill; keep their children from school and the dying from the last embrace of their loved ones; and desecrate American history, culture, and society; and defame the country as systemically racist in order to furnish the predicate for why ordinary Americans in fact deserved the hell that the elite’s private and public sector proxies had already prepared for them.

So there was really no need for the China Class to feel shame or guilt. Ordinary Americans “deserved” unemployment and poverty. Because … because … they’re racist.

For nearly a year, American officials have purposefully laid waste to our economy and society for the sole purpose of arrogating more power to themselves while the Chinese economy has gained on America’s. China’s lockdowns had nothing to do with the difference in outcomes. Lockdowns are not public health measures to reduce the spread of a virus. They are political instruments, which is why Democratic Party officials who put their constituents under repeated lengthy lockdowns, like New York Gov. Andrew Cuomo and Chicago Mayor Lori Lightfoot, are signaling publicly that it is imperative they be allowed to reopen immediately now that Trump is safely gone.

… Democratic officials intentionally destroyed lives and ended thousands of them by sending the ill to infect the elderly in nursing homes. … The job was to boost coronavirus casualties in order to defeat Trump and they succeeded …

A startling accusation that – of human sacrifice on a huge scale! But it is true that it happened.

And the Chinese virus made no difference to the China Class’s opposition to President Trump:

The number of American industries and companies that lobbied against Trump administration measures attempting to decouple Chinese technology from its American counterparts is a staggering measure of how closely two rival systems that claim to stand for opposing sets of values and practices have been integrated. Companies like Ford, FedEx, and Honeywell, as well as Qualcomm and other semiconductor manufacturers that fought to continue selling chips to Huawei, all exist with one leg in America and the other leg planted firmly in America’s chief geopolitical rival. To protect both halves of their business, they soft-sell the issue by calling China a competitor in order to obscure their role in boosting a dangerous rival.

Nearly every major American industry has a stake in China. From Wall Street—Citigroup, Goldman Sachs, and Morgan Stanley— to hospitality. A Marriott Hotel employee was fired when Chinese officials objected to his liking a tweet about Tibet. They all learned to play by CCP rules.

“It’s so pervasive, it’s better to ask who’s not tied into China,” says former Trump administration official Gen. (Ret.) Robert Spalding.

Unsurprisingly, the once-reliably Republican U.S. Chamber of Commerce was in the forefront of opposition to Trump’s China policies—against not only proposed tariffs but also his call for American companies to start moving critical supply chains elsewhere …

Even the Trump administration was split between hawks and accommodationists, caustically referred to by the former as “Panda Huggers”. The majority of Trump officials were in the latter camp, most notably Treasury Secretary Steven Mnuchin, a former Hollywood producer. While the film industry was the first and loudest to complain that China was stealing its intellectual property, it eventually came to partner with, and appease, Beijing. Studios are not able to tap into China’s enormous market without observing CCP redlines.

“In the Trump administration,” says former Trump adviser Spalding, “there was a very large push to continue unquestioned cooperation with China. On the other side was a smaller number of those who wanted to push back.”

Apple, Nike, and Coca Cola even lobbied against the Uyghur Forced Labor Prevention Act. On Trump’s penultimate day in office, his Secretary of State Mike Pompeo announced that the United States has “determined that the People’s Republic of China is committing genocide and crimes against humanity in Xinjiang, China, targeting Uyghur Muslims and members of other ethnic and religious minority groups”. That makes a number of major American brands that use forced Uyghur labor—including, according to a 2020 Australian study, Nike, Adidas, Gap, Tommy Hilfiger, Apple, Google, Microsoft, and General Motors—complicit in genocide.

The idea that countries that scorn basic human and democratic rights should not be directly funded by American industry and given privileged access to the fruits of U.S. government-funded research and technology that properly belongs to the American people is hardly a partisan idea—and has, or should have, little to do with Donald Trump. But the historical record will show that the melding of the American and Chinese elites reached its apogee during Trump’s administration, as the president made himself [again we stress unintentionally – ed] a focal point [of shared hostility] for the China Class, which had adopted the Democratic Party as its main political vehicle.

That’s not to say establishment Republicans are cut out of the pro-China oligarchy—Senate GOP leader Mitch McConnell’s shipbuilder billionaire father-in-law James Chao has benefited greatly from his relationship with the CCP, including college classmate Jiang Zemin. Gifts from the Chao family have catapulted McConnell to only a few slots below Feinstein in the list of wealthiest senators.

Riding the media tsunami of Trump hatred, the China Class cemented its power within state institutions and security bureaucracies that have long been Democratic preserves—and whose salary-class inhabitants were eager not to be labeled as “collaborators” with the president they ostensibly served. Accommodation with even the worst and most threatening aspects of the Chinese communist regime, ongoing since the late 1990s, was put on fast-forward. Talk about how Nike made its sneakers in Chinese slave labor camps was no longer fashionable. News that China was stealing American scientific and military secrets, running large spy rings in Silicon Valley and compromising congressmen like Eric Swalwell, paying large retainers to top Ivy League professors in a well-organized program of intellectual theft, or in any way posed a danger to its own people or to its neighbors, let alone to the American way of life, were muted and dismissed as pro-Trump propaganda.

Smith omits to mention a fact that is germane to his case and strengthens it – that President Bill Clinton had insistently sold American scientific, technological and military secrets to China.

The Central Intelligence Agency openly protected Chinese efforts to undermine American institutions. CIA management bullied intelligence analysts to alter their assessment of Chinese influence and interference in our political process so it wouldn’t be used to support policies they disagreed with—Trump’s policies. …

Smith notes that the CIA – the agency created to protect the United States from foreign intrusion of all kinds – stores its information with Amazon Web Services, owned by China’s No. 1 American distributor, Jeff Bezos.

Joe Biden is China’s man. He is now openly demonstrating his compliance with the CCP’s wishes:

As head of the Center for American Progress think tank, Biden’s pick for director of the Office of Management and Budget, Neera Tanden, teamed up with a U.S.-China exchange organization created as a front “to co-opt and neutralize sources of potential opposition to the policies and authority” of the CCP and “influence overseas Chinese communities, foreign governments, and other actors to take actions or adopt positions supportive of Beijing”.

Biden’s special assistant for presidential personnel, Thomas Zimmerman, was a fellow at the Shanghai Academy of Social Sciences, flagged by Western intelligence agencies for its ties to China’s Ministry of State Security.

U.N. Ambassador Linda Thomas-Greenfield gave a 2019 speech at a Chinese-government-funded Confucius Institute in Savannah, Georgia, where she praised China’s role in promoting good governance, gender equity, and the rule of law in Africa. “I see no reason why China cannot share in those values,” she said. “In fact, China is in a unique position to spread these ideals given its strong footprint on the continent.”

The Biden family … was reportedly given an interest-free loan of $5 million by businessmen with ties to the Chinese military. Hunter [Biden] called his Chinese business partner the “spy chief of China”. The reason that the press and social media censored pre-election reports of Hunter Biden’s alleged ties to the CCP was not to protect him—$5 million is less than what Bezos has made every hour during the course of the pandemic. No, for the pro-China oligarchy, the point of getting Joe Biden elected was to protect themselves. …

[For] the pro-China oligarchy [now in power in America – ed] … Chinese autocracy is their model. Consider the deployment of more than 20,000 U.S. armed forces members throughout Washington, D.C., to provide security for an inauguration of a president who is rarely seen in public in the wake of a sporadically violent protest march that was cast as an insurrection and a coup; the removal of opposition voices from social media, along with the removal of competing social media platforms themselves; the nascent effort to keep the Trump-supporting half of America from access to health care, credit, legal representation, education, and employment, with the ultimate goal of redefining protest against the policies of the current administration as “domestic terrorism”.

Yes, it all follows the Chinese example. The Democratic Party of America has fast become China’s star pupil.

Smith writes:

Witness their newfound respect for the idea that speech should only be free for the enlightened few who know how to use it properly.

And:

What seems clear is that Biden’s inauguration marks the hegemony of an American oligarchy that sees its relationship with China as a shield and sword against their own countrymen.

And:

The American oligarchy … are happy to rule in partnership with a foreign power that will help them destroy their own countrymen.

The writer concludes his article with a suggestion that the American oligarchy will not last long.

But why not? Now that Donald Trump has gone, who or what will work against it? Who or what can overthrow it?

This is by Ileana Johnson Paugh and comes from Canada Free Press:

I bet you did not know that we had an Ambassador-at-Large for Global Women’s Issues. I did not realize that global women existed. I did not know that we had a czarina to represent third world female population’s interests in our administration. The post was created by President Obama on April 6, 2009.

Ambassador-at-Large for Global Women’s Issues, Melanne Verveer, a member of the Council on Foreign Relations, traveled to Durban, South Africa to the United Nations Framework Convention on Climate Change in order “to highlight the critical and largely untapped potential of women to combat climate change.” Who knew that women were so powerful that they could affect climate change!

As I read this brief report, I envisioned billions of dollars washing down the proverbial drain with the blessing of an eager administration to re-distribute our “socially unjust” and “unfairly earned, evil capitalist” wealth.

Ambassador-at-Large Melanne Verveer mentioned studies that have shown that women “are on the frontline of, and suffer disproportionately from, the impacts of climate change.” As I googled women’s suffering from the impact of climate change, I found no such studies.

Ambassador-at-Large Verveer states that women are a “powerful force for finding solutions to climate change across the board, including areas of agriculture, sustainable forest management, and energy access.” Because “a small minority of women farmers have access to land tenure (Food and Agriculture Organization report and we know how reliable UN reports are),” women’s potential to combat climate change is limited.”

Who knew that the simple act of owning land could combat climate change?

Using a generic statement, “studies have shown,” without mentioning any studies, Ambassador-at-Large Verveer states, “women with right to property are significantly more capable of investing in climate-smart agricultural productivity.” I had no idea that such a practice existed in agriculture, “climate-smart productivity.” It seems that there is no end to the leftist push to justify UN schemes to milk more funds from the United States in order to enrich the coffers of third world dictatorships.

Food and Agriculture Organization (FAO) defines “climate-smart productivity” as “conservation agriculture, integrated pest management, agroforestry, and sustainable diets.”

This type of agriculture promoted by FAO “sustainably increases productivity, resilience (adaptation), reduces/removes greenhouse gases (mitigation) while enhancing the achievement of national food security development goals.” …

Ponderous jargon characterizes left-wing official-speak. A special torment of our time, all too “sustainable”.

According to Ambassador-at-Large Verveer’s report, “women have untapped potential for increasing energy access, which directly relates to climate change.” In case you are confused, the report continues, “3 billion people globally still rely on traditional cookstoves and open fires to prepare food for their families.” Since women are responsible for cooking and collecting fuel, the resulting smoke exposure causes an “estimated two million premature deaths annually, with women and children being most affected.” She follows that it “puts women at risk of gender based violence.”

What does climate change have to do with gender based violence? Would less gender based violence decrease climate change? If we were to cook less and eat raw food, would that alter climate change? …

I am trying to understand this climate change contorted logic. Humans use stoves to cook and that causes climate change; females collect wood to burn in the stoves to prepare food and they contribute to climate change; smoke exposure causes premature deaths but women and children are most affected. I still cannot figure out how it causes gender-based violence; I am still scratching my head.

But as Whatsisname said: Arguing with a woman is like trying to crack an egg on a pillow.

Ambassador-at-Large Vermeer suggests that we have to “build a global market for clean cookstoves” because they impact the climate through “greenhouse gases and short-lived particles such as black carbon.” In her opinion, if women were integrated into the supply chain of clean cookstoves, new economic development opportunities would be created for women. She follows with a quote by Secretary Clinton that “women create a multiplier effect in local communities because they disproportionately spend more of their earned income on food, healthcare, home improvement, and schooling.”

Now I am totally lost. The Ambassador-at-Large Verveer introduces more variables to the role of women in combating climate change: food, healthcare, home improvement, and schooling, without really explaining how it all ties in with her flawed hypothesis. Since she references two more UN organizations, Feed the Future and the Global Alliance for Clean Cookstoves, it is important to note that the Global Alliance is a “private-public UN initiative to save lives, improve livelihoods, empower women, and combat climate change by creating a thriving global market for clean and efficient household cooking solutions.”

The Global Alliance for Clean Cookstoves, which was launched on September 21, 2010 in Washington, D.C., has 240 partners and the following founders: German Federal Ministry for Economic Cooperation and Development, Government of Norway, Peru, Morgan Stanley, Shell, Shell Foundation, the Netherlands, U.S. Agency for International Development, U.S. Department of Energy, U.S. Department of Health and Human Services, National Institutes of Health and Centers for Disease Control and Prevention, U.S. Department of State., Environmental Protection Agency, and the United Nations Foundation.

The United States is in the platinum donor category with $5 million dollars, Department of Energy, EPA, Department of State are in the gold donor category with $1-5 million each, along with socialist European nations such as bankrupt Spain and Ireland, the World Bank, and other UN affiliates.

The Department of Energy is awarding “Clean Biomass Cookstove Technologies” grants of $100,000 and $750,000 at a time when our country is broke, unemployment is at an all time high, taxpayers are unhappy, and the administration is demanding that we reduce our consumption of energy.

The “science” provided under the Global Alliance for Clean Cookstoves consists of two articles, one published in Le Monde by Bertrand d’Armagnac on November 13, 2011 and another published in Bloomberg by Jonathan Alter on November 24, 2011. Both cross-reference World Health Organization data that 2 million people die annually from smoke inhalation, more than malaria, TB, and AIDS combined. Apparently the fuel, wood, dung, makeshift charcoal, and agricultural waste, are directly responsible for 2 million deaths, particularly in women and children. These third world dictatorships are incapable of running their countries, feeding, sheltering, and caring for their people properly. It is mind boggling and highly suspicious that they can keep such accurate disease and death rate data.

I am not disputing the fact that people have died throughout history from unsanitary and unhealthy living conditions. We have waged education wars to improve living conditions and spent trillions of dollars to alleviate poverty around the world, yet we do not seem to be any closer today than we were in the beginning. The corrupt governments have stolen the money and personally enriched themselves instead of improving their citizens’ living conditions. To continue this pattern is absolute madness.

Ambassador-at-Large Verveer is very proud of “our efforts to build on the gender equality and women empowerment language in the Cancun agreements.” It seems that lip service is quite an accomplishment as long as the “language on gender balance related to the composition of the board of the new Green Climate Fund, the Standing Committee, and the Adaptation Committee” are in line with the UN Agenda. …

*

We have quoted Dr Ileana Johnson Paugh a number of times with appreciation.

We compliment her on not being a woman like Melanne Verveer. (See our post Of adults and women, September 4, 2010)

We’d bet that she – as Margaret Thatcher once said of herself – owes nothing to feminism.*

Or “women’s studies”. Pseudo disciplines like  “women’s studies” are exercises in self-inflicted-wound-licking. If Isaac Newton had concentrated on “scientist studies” instead of science, we might never have had the Enlightenment.

 

*Feminism: a fake cause; a division of Victimology; a sustained gripe by Western women belonging to the most privileged class in human history.  

Redistribution is Socialism. No need to go looking for some dead economist’s definition of the S word. If a central agency with the power of coercion, which is to say a government, takes money from some and distributes it to others, that is Socialism in practice.  The reach of government is widened, individual freedom narrowed.

It should not be called an economic system, because it cannot create wealth. It stultifies innovation and productivity. It kills incentive. It levels down. It is the primrose path to poverty.

Under the leadership of Obama and his gang of collectivists, redistribution is well under way in America. Change to Socialism is well under way.

And Obama’s vision is not just of a socialist America but of a socialist world.

The Investor’s Business Daily comments on how a small, failing, Chicago bank that – inter alia – redistributes US tax-payers’ money to Kenya (the homeland of Obama’s father) is kept going by effort of the redistributionists in the White House.

Sometimes banks are too small to fail, such as when they are in the president’s hometown, deal with the president’s friends and serve the president’s agenda. Or should we perhaps say too connected to fail?

ShoreBank’s Web site boasts: “Van Jones [Obama’s erstwhile ‘Environment Czar’ and admirer of Mao – JB] saves at ShoreBank so his money fights for green jobs just like he does.” …

While President Obama rails against the robber barons of Wall Street, the politically connected Chicago financial institution with a politically correct agenda gets a pass and gets a bailout all its own. It is the poster bank for hope and change.

Fox Business points out that “ShoreBank has ties to the Obama administration. Valerie Jarrett, President Obama’s senior adviser and a fixture in Chicago politics (as was the president), served on the board of Chicago Metropolis 2020, a civic organization which was run by Adele Simmons, a director at ShoreBank.”

ShoreBank was in trouble and needed financial help, either from the government or other financial institutions that have already received government money.

Rep. Judy Biggert, R-Ill., has joined Rep. Spencer Bachus, R-Ala., in a letter to Obama asking for records concerning ShoreBank and how it lined up at least  $125 million in capital from major banks to qualify for $75 million from the federal government.

ShoreBank has a history of making the very kind of risky loans that leftist agitators such as Acorn, with government help, pressured banks to do under the Community Reinvestment Act. …

During his visit to Africa last year, Obama praised the bank for its involvement in projects in Kenya.

Kenya? Why is a struggling community bank in the Windy City involved in projects in Kenya? We hesitate to guess.

Ten other Illinois banks have already failed in 2010, according to the Federal Deposit Insurance Corp. ShoreBank has reportedly received $20 million from General Electric, $20 million from Goldman Sachs and $20 million from Citigroup — with more promised by JPMorgan Chase, Bank of America and Morgan Stanley.

Considering ShoreBank’s track record, is this where taxpayer money should be going?

Forgive us. We forgot for a moment about that whole sharing the wealth and redistribution thing. …

“I did not run for office to be helping out a bunch of fat cat bankers on Wall Street,” President Obama said in an interview on the CBS “60 Minutes” program.

He did run to fundamentally transform America — and if those banks are on Main Street and they follow Obama’s agenda, they get help from those fat cats now in thrall to the government, not to mention all the president’s friends. Pretty sweet deal.