Thursday, November 27, 2008
  Gaffney explains Shotgun Paulson

Frank Gaffney appeared briefly on a radio show (sorry, can't remember which) last night. According to Gaffney, Shotgun Paulson is not only enriching his own gangster accomplices, as it appears on the surface; in fact the grand thief is primarily serving China.

Here's a 2006 article by Gaffney, detailing Shotgun's close ties to China. The article is titled "Bears a Close Watch", which turned out to be exceedingly prophetic.

In the last century, the Soviet Union enlisted a relative handful of prominent Western capitalists to serve as financial advisers, engines of economic assistance, and agents of influence in Washington and other foreign capitals. Typically, these businessmen were rewarded with access to lucrative Soviet energy and other natural resources and exclusive arrangements for marketing their products inside the USSR.

Arguably, the most prominent of these Soviet fellow-travelers and enablers was Armand Hammer, who created a vast personal fortune and an oil and gas conglomerate in no small measure thanks to sweetheart deals he secured from the Kremlin. ...

Henry Paulson has been Communist China's Armand Hammer. In fact, he has been vastly more effective than Hammer ever was in promoting his clients' interests and enabling their access to Western economic assistance and high technology.


The article also answers other questions: Why was it important for China to have Paulson as Treasury Secretary? Because the Sec Treas is chairman of CFIUS, the committee that approves foreign ownership of American companies.

And best of all:
... The PRC seems simply to be dressing-up what were, until recently, insolvent banks in the hope that international capital markets will contribute to bailing them out. This process involves the off-loading of non-performing loans onto asset management companies in a fashion very reminiscent of the U.S. savings and loan crisis. Indeed, the PRC appears, in fact, to have modeled its strategy on the American experience.


Since Shotgun was part of this process, we now understand why this year's Wall Street criminals were so confident that their crimes would be rewarded. They were betting on a sure thing, a pre-tested procedure.

The only remaining question: How did Shotgun persuade more than half of Congress to grant his criminal authority? What sort of blackmail did he use? An investigative reporter might begin by comparing the brave Congressmen who resisted the crime with those who joined the crime. What made the brave ones immune to persuasion, and what made the accomplices susceptible?

Needless to say, this question will never be answered, because all of our "investigative reporters" are busy 24/7 on more urgent and important matters, such as the Holloway Case, the Peterson Case, and the Death-Smell-In-Tot-Mom-Trunk Case.
 


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Polistra was named after the original townsite of Manhattan (the one in Kansas). When I was growing up in Manhattan, I spent a lot of time exploring by foot, bike, and car. I discovered the ruins of an old mill along Wildcat Creek, and decided (inaccurately) that it was the remains of the original site of Polistra. Accurate or not, I've always liked the name, with its echoes of Poland (an under-appreciated friend of freedom) and stars. ==== The title icon is explained here. ==== Switchover: This 2007 entry marks a sharp change in worldview from neocon to pure populist. ===== The long illustrated story of Polistra's Dream is a time-travel fable, attempting to answer the dangerous revision of New Deal history propagated by Amity Shlaes. The Dream has 8 episodes, linked in a chain from the first. This entry explains the Shlaes connection.

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