It was on October 30, 2008, that Comrade Obama declared. “We are five days away from fundamentally transforming the United States of America.”
What we know now is that the Comrade meant when he took office, the transformation of the United States from a Constitutional Republic to a Communist dictatorship would be fundamentally complete. The transformation had been taking place for about 100 years. It was greatly enhanced during the Wilson and Franklin Roosevelt regimes, but it would be Obama who would fundamentally complete it. Obama made much progress. It was under Obama that the bureaucracy became thoroughly politicized. It was under Obama that the Department of Justice, the Federal Bureau of Investigation, and the other enforcement agencies were transformed to be the enforcement arm of the Communist Party of the United States or the Democrat party.
When Obama left office, although he had made great progress, there were still areas that needed transformation. When Marx described how the transformation would take place, he said that the first step in the transformation would be to have the proletariat become the ruling class and to win the battle of democracy. This is one of the reasons our founder’s rejected democracy. They understood what Lenin would later declare and that is that democracy is indispensable to socialism and socialism is the gateway to communism.
Marx had also said that during the transformation the proletariat would use this political supremacy to wrest by degrees, all capital from the bourgeoisie, and to centralize all instruments of production under the control of the state. Marx then went on to list things that would have to be done including a steeply graduated income tax and inheritance or death taxes. Number 5 in this list of ten was “Centralization of credit in the hands of the State by means of a national bank with State capital and an exclusive monopoly.
The headline read, “Former top Treasury official has stark warning about banking system after Biden regime guarantees deposits at defunct banks.”
Roger Altman warned that government intervention in Silicon Valley Bank and Signature Bank, two now-defunct financial institutions, "effectively nationalizes" the U.S. banking system.
The warning came after Biden said the U.S. government would guarantee the deposits at SVB despite the FDIC providing a maximum guarantee of $250,000.
Speaking on "CNN This Morning," the former deputy secretary of the Treasury Department said what the Biden administration did was "absolutely profound."
"They guaranteed the deposits, all of them, at Silicon Valley Bank. What that really means, and they won't say it, is that they have guaranteed the entire deposit base of the U.S. financial system, the entire deposit base," he said.
Obama said that we were to be fundamentally transformed. Marx said the communists must wrest by degrees control. Nationalizing the banks is one major step toward the United States being fully transformed to a Communist dictatorship as stated by Marx and Obama.
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