How Obama Surrendered Sovereignty To The Criminal Banking Cartel

In bailouts, the death of sovereign nations.

By John Titus, Creator of Bailout.

Article is the first of two parts.

Obama and the Criminal International Banking Cartel

In Bailout, we showed over and over how criminal frauds perpetrated by huge banks victimized Main Street on a colossal scale. One theme throughout the movie is that bailouts are, in their essence, a perversion of the Rule of Law that can only grow like a cancer.

It now appears that the bailout cancer has metastasized with the renunciation of the Rule of Law by the United States Attorney General, without objection or much of a ruckus, before the Senate Judiciary Committee:

I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy. – Eric Holder, March 6, 2013.

As an initial observation, is that not a strange way for any law enforcer, much less the top cop in the world’s powerful nation, to speak—in the passive voice, of being “hit,” in an effort to rationalize his own failure to enforce the law?  And who’s issuing “indications” that make the head of the DOJ shrink in fear of discharging his duties anyhow?  We’ll answer the latter question with a list of names in Part Two.

For now, let’s be clear about what’s on the table when the U.S. Attorney General comes before Congress to testify: it includes the status of the U.S. as a sovereign nation. And that’s simply because the enforcement of criminal law falls within the exclusive province of a state’s authority.

“Sovereignty is the power of a state to govern itself, such as making, executing, and applying laws; imposing and collecting taxes; making war and peace; and forming treaties or engaging in commerce with foreign nations.”

Private citizens cannot bring criminal actions. States bring them, often even when private victims do not wish to press charges, as retribution for harms to the public. That perogative is inherent in a state’s sovereign power to protect itself from criminals. In the U.S., executing federal criminal law is the duty of the U.S. Attorney General, “the head of the Department of Justice and chief law enforcement officer of the Federal Government.” Above him in the executive branch org chart, there is but one entry: President Barack Obama.

Execution of the law was squarely in the crosshairs when Eric Holder testified before the Senate. Specifically at issue was the DOJ’s wholesale failure to prosecute any large banks or any of their executives despite seemingly endless waves of uncontested evidence of criminal behavior (not to mention the disappearance of at least $13 trillion in a financial crisis driven by fraud).

We’re not talking about a few slip-ups here and there by the DOJ, or a couple of favors done with a nudge and a wink.  We’re talking about what looks very much like a green light for big banks to commit crimes with wild abandon while pretending that fines levied in lieu of prosecution (a) are something other than a small tax paid by the banks doing business as criminal enterprises, (b) cannot simply be paid for from the fruit of additional crimes in the future, and thus (c) do not guarantee more crime….



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