Wednesday, December 17, 2014

Public Banksters - Part XI (DECEMBER UPDATE)

ADDITIONAL 12/18 UPDATE AT BOTTOM OF POST

Eight months ago unregistered lobbyist for the Public Banking Instititute Gwendolyn Hallsmith boasted in a tweet that
"The Day of the Dollar is probably over. Hold on to your hats."
She based her insight on an article from the website globalresearch.ca, a site well known for its anti-Americanism, anti-Semitism and promotion of Holocaust denialism (and also, coincidentally, a site where Vermont secession flack Greg Guma publishes). Hallsmith wishes for the demise of the dollar in favor of the ruble. Well, that wasn't even remotely true when she promoted the idea then and it's even less true (if possible) today. Today, due to the free fall of the ruble, Russians are investing and converting their remaining, increasingly worthless rubles into imported refrigerators, XBoxes, Apple products, etc., all of which are not accepting rubles for purchases but are insisting on real currencies like dollars and euros only for the import purchase transactions. When Hallsmith was making her prediction of the imminent death of the dollar against the ruble via her Russian source, the ruble was trading at an all time high for the dollar of approximately 36 rubles per dollar (against a low of.93 rubles per dollar in 1993). This month the dollar doubled its value by grabbing 72.45 rubles per dollar. Hallsmith proved her incompetence to provide economic advice and observations to Vermonters eight months ago; her degree of stoopid is twice as true today.
Related posts:
Public Banksters - Part XI
Public Banksters - Part XI (UPDATE)
UPDATE DECEMBER 18, 5:30 PM General Motors, Audi, Land Rover and Apple have temporarily suspended sales inside Russia. Snork!

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Sunday, September 21, 2014

Public Banksters Part XVII - Hacking Karma?

After soliciting online for someone, anyone to criminally hack this blog this summer,
"Hackers wanted for troll expedition. Cash bounty for documentation. Secure contact only - send details. It's a race! fb.me/6SMCzpSrL
10:57pm - 29 Jul 14

And, shortly followed by...

"Hackers wanted for troll expedition. Cash reward paid for documentation. Secure contact only - send details. It's a …"lnkd.in/dvZReYA
11:02pm - 29 Jul 14
we learn that Gwen "The Hacker Baiter" Hallsmith's anti-capitalist website has been reduced to an error message.
VNE (Vermonters for a New Economy) Web Page Lost
"In addition to the tragedy that struck this summer, where our webmaster Gary Murphy died after an accident at his home, our web page has subsequently disappeared. Clicking on the url gets you to a lost page message - I have no idea why or where it went.

If there are web experts out there who can help solve the mystery of the missing web page, please let me know."

Source
How's that for some karma, eh Gwen?

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Monday, August 25, 2014

Public Banksters XVI - Montpelier 1, Hallsmith 0

Judge Helen M. Toor ruled last week that Gwen "The Hacker Baiter" Hallsmith is entitled to a new grievance hearing; Hallsmith is to remain fired in the meantime.

The Times-Argus has a story (paywall) but the gist of it is:
"In a ruling Wednesday, Superior Court Judge Helen M. Toor ordered Montpelier to hold a new hearing for Hallsmith that includes an “impartial adjudicator.”

[SNIP]

"Hallsmith said she lost her job “because of my advocacy as a private citizen for public banking in a city where the mayor was a lobbyist for the big banks.”

"Mayor John Hollar, who responded via email Thursday, disagreed."

“The reasons for Ms. Hallsmith’s termination have been well-documented, and they had nothing to do with her public bank advocacy. Her lawsuit against the city doesn’t claim that it was due to my involvement or her work on public banking, so it seems odd that she continues to make that claim to the media.”

"Among other accusations, the city has accused Hallsmith of unprofessional behavior, insubordination and damaging key relationships. In the months after her dismissal, she challenged Hollar for the mayor’s seat. Hollar won by a wide margin in early March."
City officials maintain that the judge's ruling is "procedural" and that no decision has been taken yet to appeal Judge Toor's decision or to proceed with the Court's ordered re-do.

Oddly, Hallsmith continues to maintain a disinformative social media campaign, hardly a smart strategy going into a potential re-do where she seems intent on bringing up the public banking thing. She's used social media to solicit criminal hacking and to solicit a barrage of ultimately profane letters when one media outlet, Seven Days, did not report as she directed. City email records aside, I'm sure that Hallsmith will want to be completely transparent and forthcoming with the "impartial adjudicator" and will provide at least time stamps from private email accounts to prove that the Grand Poobah of Vermonters for a New Economy and the eventual Exucutive Director of the California based Public Banking Institute was not advocating and lobbying for public banking on City time. Heh.

So much drama for what appears to be essentially a solipsistic endeavor. Hallsmith should remember that she remains fired pending any procedural determination or appeal and in that sense the score would be Montpelier 1, Hallsmith 0.

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Sunday, August 17, 2014

Public Banksters - Part XV: Gwen Hallsmith's Claim of "Victory" This Spring Takes a Major Financial Hit This Past Week

*** Trigger Warning ***: The following content that may elicit symptoms of Post-Traumatic Public Banking Disorder!

For those of you following the state budget revenue shortfall here in Vermont, it'll come as no surprise that Governor Shumlin is proposing a 2.2% or $31 million dollar cut to the 2015 budget. Consensus is that untried and unproven programs take larger cuts so as to spare programs for elderly, children, the needy, and health related assistance programs. Recognizing this, the governor's office had at first recommended a cut of more than twice the 2.2 rate from the Vermont Enterprise Investment Fund. And if you're not familiar with the VEIF, it's an internal fund of the Vermont Treasurer Beth Pearce's office earmarked for business stimulus.

Executive Director of the California based Public Banking Institute and local Grand Poobah of Vermonters For A New Economy, Gwen "The Hacker Baiter" Hallsmith, has claimed it as her "victory" on the little watched Laura Flanders Show back in April which I reported on here. It's the program where the public banksters finally managed to get their beaks wet in the public funds water. But not everyone shares the enthusiasm for an "unproven program" getting parity with assistance programs that are proven to be direly needed and getting just about the same cut as those for needy. Some, like Chris Curtis, an attorney with Vermont Legal Aid, suggested via one published report on Wednesday that,
"... Newer programs, such as the $4.5 million Vermont Enterprise Investment Fund to incentivize businesses to remain or locate in Vermont, should be more ripe for scrutiny than established programs with proven track records. The administration has proposed trimming the fund by $250,000 as part of the rescission."
According to numerous other published and broadcasted reports the committee charged with making the tough choices about what gets cut, the Vermont Legislative Joint Fiscal Office, didn't agree with the governor's 5+% cut to what some call his IBM Enterprise Investment Fund (hardly the fund envisioned by the public banksters when the scale of what they were proposing to capitalize a public bank - $70 million - shrank to a nearly $4.5 golden handshake to an existing Vermont employer). The VLJFO quadrupled the cut to the program to nearly 21% or close to a cool million dollars.

As noted on WCAX:
"'Some agencies have a lot of other places to go and some of the smaller agencies have less places to go,' Vt. Finance and Management Commissioner Jim Reardon said."

"Lawmakers vetoed the governor's proposal to reduce assistance for those aging out of foster care and other human service cuts one day after getting an earful from constituents."

"The governor ultimately agreed to quadruple his planned reduction to the newly created enterprise fund, bringing the $4.5 million potential incentive package to retain IBM or bring in a successor company down to $3.5 million."

"'We think that is an important fund, but in the spirit of cooperating... We will concur with your recommendation,' Reardon said."

Source
So, after all the cutting of a program that people in and out of government are calling a fund for "IBM or... (it's) successor," me's a-wondering just what spin the public banksters primary spokesperson and unregistered lobbyist, Gwen Hallsmith, will put on the affair. Perhaps even more notably, the press is reporting that no Vermonter has applied for assistance from the fund.

Great work there, Gwen. All of that work resulted in fund primarily devoted to "assisting" one of the largest, most well healed employers in Vermont. I just can't wait to see what all your "work" gets for Vermonters in the next legislative session. Maybe a new, groundbreaking incentive program to fund Vermont Gas' 40% cost overrun and eminent domain claims that you could call the Vermont Farm & Residence Assistance Fund will get Vermonters closer to that anti-capitalist "new economy" you profess to so love too, eh Gwen? That seems like something that you and Gary "The Rocket Scientist" Flomenhoft" could pull off given your track record. Heh.

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Saturday, August 9, 2014

Public Bankster - Part XIV: Going Postal?

After a brief hiatus, Vermont public banking doyenne and secession movement ally, Gwendolyn Hallsmith, "executive director" of something that calls itself The Public Banking Institute, as well as a principal of a handful of other e-paper hat outlets that exist primarily to exalt its members extremist agenda, has begun posting again.

This time, it's not about public banks (although I'm sure that isn't far from Gwen's mind) but, rather, postal banks.

Hallsmith is promoting, in addition to state run banking facilities, that the post office offer banking services. She points to Sen. Elizabeth Warren's (D-MA) post office bank proposal as the model with a link to an extremist website (where you can also get nifty ideas on how to improve your activism outreach, à la Cosmo, like stenciling streets and sidewalks with your message while riding your bicycle). What Hallsmith doesn't do is any hard research on the topic. If she'd gone just a little mainstream, she might have learned from a publication that practices real journalism that not everyone is so enthusiastic about Warren's idea. She might also have learned that postal banks have been found to engage in the same predatory fee practices as commercial banks. France's La Banque Postal is just one example; in 2010 it shared with ten other banks a 384,900,000 Euros fine for "colluding to charge unjustified fees on check processing," putting the lie to the notion that because something is "public" it automatically becomes "pure."

Perhaps if Hallsmith had perused the Internet beyond her usual extremist feeding grounds, (and, yes, Forbes and the Wall Street Journal are legitimate sources of insights that aren't rubber stamp references of her particular prejudices) she'd have found, say, The Motley Fool's snarky take on the postal bank proposal:
"Somehow an institution that can't profitably deliver the mail will do a better job handling people's money."
But, no, that'd be too apt to disrupt Hallsmith's anti-capitalist meme. No, she'll more likely convene a meeting at, say, The Donella Institute, invite a coterie of supporters and propose a "study" be done by a promoter of her hobbyhorse - I'm looking at you Gary "The Rocket Scientist" Flomenhoft - who'll retire to his own "institute" and generate a fact biased "study" that'll be peer reviewed by no one and will confirm that Hallsmith's "idea" is the best thing since Ben & Jerry's. Yeah, that's the ticket!

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Tuesday, August 5, 2014

Public Bankster - Part XIII: Gwendolyn Hallsmith Solicits a Crime!

A friend of this blog forwarded disturbing Twitter posts by a would be public official, the Executive Director of the California based Public Banking Institute and unregistered lobbyist for a small group calling itself Vermonters for a New Economy, Gwen Hallsmith, who is also an erstwhile Montpelier, VT city employee who'd been fired from her previous public position over what has been loosely described as her inability to play well with others.

It seems that now she's soliciting openly, via Twitter and her Facebook page, for hackers. Exactly who it is that she'd want hacked isn't made entirely clear. During the past year she's tangled with Montpelier's mayor, city council, city clerk and the Finance Committee of the Vermont Senate, so there's no shortage of targets for her intended crime. Certainly I've been a critic of her loopy ideas and misrepresentations. And surely the targets of her lawsuit against various Montpelier city officials should take note of her proposed criminal enterprise since it goes to the whole character issue which seems to be the very heart of Hallsmith's shortcomings.

First she posted these two Tweets,
"Hackers wanted for troll expedition. Cash bounty for documentation. Secure contact only - send details. It's a race! fb.me/6SMCzpSrL
10:57pm - 29 Jul 14

And, shortly followed by...

"Hackers wanted for troll expedition. Cash reward paid for documentation. Secure contact only - send details. It's a …"lnkd.in/dvZReYA 11:02pm - 29 Jul 14
Oh, my!

Doesn't the failed Montpelier 2014 mayoral candidate and inept architect of a supposed public banking scheme know that it's a crime to solicit, especially for hire, others to commit a crime at her behest? Hackers go to jail and do real time. So do those who hire them.

Vermont statutes pertaining to computer crimes are here:
Title 13: Crimes and Criminal Procedure
Chapter 87: COMPUTER CRIMES - 13 V.S.A. § 4102. Unauthorized access

"A person who knowingly and intentionally and without lawful authority, accesses any computer, computer system, computer network, computer software, computer program, or data contained in such computer, computer system, computer program, or computer network shall be imprisoned not more than six months or fined not more than $500.00, or both. (Added 1999, No. 35, § 1.)"
"Retrieving" information from a "hacked" computer may be punished as a felony. And it is a crime to solicit the commission of such a crime, should it occur.

Hallsmith would not be the first secessionist fellow traveler to call on hackers to commit offenses against the websites of critics. Gary "The Rocket Scientist" Flomenhoft, who was Hallsmith's partner in this year's ill-fated and contrived public banking proposition, did so in the comments section of Rob Williams' hate blog years ago, as noted in the "What Secessionists and Their Supporters Say About This Blog" section of the column to the right of this post.

I probably wouldn't have even brought this up since Hallsmith's record of successful completion of much of any of her pet desires is one of such failure but her very next Tweet eleven hours later was of a poem written centuries ago by one Thomas Rowley, um, perchance? Anyways, here is the twit's tweet:
"On Intolerance
It was the case in former times,
That men were punish'd for their crimes,
For lying, stealing,..." fb.me/2Oa9fLZKR
10:02am - 30 Jul 14
The complete poem, along with other Rowley poems, may be found here.

So, in the way of a back'atcha, Gwen, I offer, with apologies to Baroness Emma Orczy, Julia Neilson and Fred Terry:
"Thet seek him here, they seek him there,
Those Seceshies seek him everywhere!
Is he in heaven? Is he in hell?
Where is that damn elusive Pimpernel
(er, Rowley)!
He gives the Seceshies nothing but frustration
Popping in and out each week!
... LA! What cheek!"
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Tuesday, May 13, 2014

Public Banksters - Part XII

This should probably be subtitled as the Liar, Liar, Pants on Fire edition.

Nearly a month ago the Executive Director of the California based Public Banking Institute and unregistered lobbyist for a small group calling itself Vermonters for a New Economy, Gwen Hallsmith, appeared on the little watched GRITtv's Laura Flanders show. (NB: Even public banking supporters describe Gwen's work as "Lobbying for Public Banking") Flanders is a self described journalist whose interviewing style is to repeat back a program guest's talking points in the form of a question. If you have 17:20 minutes to waste of your life, you can watch the entire interview here.

At the 1:10 mark in the Flanders Show vid Hallsmith says about the non-binding public banking article the she and her little group managed to get onto a handful of Town Meeting warrants,

"It was great to hear all the returns coming in from around the state, 'cause towns all over the state voted for it. It wasn't just a little cluster here or there."
Holy whooper, Gwen! That's precisely what the results showed. Perhaps a "smattering" of towns would have been more accurate. Most of the less than a score of towns (out of more than 200) are clustered in north central Vermont, and in most of those they were only one or two towns in an entire county; no county (that's five or more than a third of Vermont's counties) along the entire New York State border had a town that considered the public banking article. Two towns each in the two southeastern counties considered the public banking article and not all of them supported it.

At the 14:27 mark of the vid Hallsmith delivers another of her misrepresentations that has been soundly refuted by Vermont Treasurer Beth Pearce,
"(W)e discovered in our (so-called) study is that existing state lending agencies already have plenty of unrestricted assets that could be used to capitalize the state bank. They have more than what would be required for a state bank. There's no additional bonding or capitalization needed."
Of course, Flanders let this stinker go by without a challenge or mention of the fact that it has been repeatedly refuted by state officials. Treasurer Pearce clearly states in her report to the Senate Committee on Government Operations of February 5, 2014 that,
"Capitalization would be expensive." Source
Also joining Treasurer Pearce in refuting the claims that were then being made by the public banksters in an October 23, 2013 VTDigger piece,
"VHFA (Vermont Housing Finance Agency) director Sarah Carpenter is not convinced about the merits of public banking.

“I’m a little perplexed about how that group thinks they’re going to get the capital,” Carpenter said. “Most of the money comes in as taxes and goes out as paying bills. So I’m not sure how they would have access to long-term capital, which is critical to most lending activities.
Source
The so-called "study" that Hallsmith referred to was something pulled straight out of the ass of secessionist political oligarch and rocket scientist, Gary Flomenhoft, who a few years back engineered a seditious plot to supplant the Vermont Supreme Court and judge the work of Vermont's executive and legislative branches using a self-appointed "council" of secesher hacks. One of the hacks, Gaelan Brown, went so far as to suggest capital punishment for errant legislators. Hallsmith herself has had long ties to the moribund Vermont secesher movement. She was a featured speaker at the secesher's 2012 Statehouse Stunt that dazzled tens of Vermonters on a warm, late summer day. (You can read my reports on the 2012 Statehouse Stunt here, here, here, here and here.

At the 8:55 mark of the Flanders Show vid, Hallsmith laid the groundwork for what can only be described as a baldfaced lie when she says,
"I think this year we'll be able to claim some level of victory because it starts to look like the 10% that we talked about, transferring from the Treasurer's account into direct economic lending in Vermont will go through.

They've moved that into a new bill called S. 220 which I believe passed
(Ed's Note: No, it hadn't and wouldn't for at least another four weeks, and then in quite a different form than Hallsmith described.) The banking license, however, which of course is part of the tool kit that we (need) to make all of this work is not going to pass this year. But we'll keep working on this next year because I think as the state gets more and more used to this idea of being a bank, they'll start to see the logic and they'll start to see the benefits of it.
Ironically, S. 220 is a bill first proposed by Assistant Minority Leader Sen. Kevin Mullin (Rutland - R), State Chairman of the shadowy ALEC (American Legislative Exchange Council as "an act relating to furthering economic development."

What S. 220, passed in the waning hours of this year's legislative session this past weekend, does is formalize through legislation the existing investment in local businesses plan of the Vermont Treasurer's office and provide for discretionary funding for the Governor's office, not unlike many other states programs designed to entice business investment, for both Vermont and elsewhere, far below the 10% boasted about by Hallsmith a month ago. The Vermont state government's capitalistic plan in support of local investment will continue as it has for more than a year and is being expanded to entice out-of-state investment in a way never conceived of by the public banksters. More on S. 220 from VTDigger here.

Vermont public bankster's unregistered lobbyists like Hallsmith and Flomenhoft would be well advised to stop trying to bullshit their way to their goal. This from Seven Days,
"We're very dependent on (lobbyists) for facts. Whereas, in a larger legislature, you'd turn to your staff," says Rep. Chris Pearson (P-Burlington).

But, he cautions, "A lobbyist doesn't get too many chances to get it wrong. If somebody's not trustworthy, you're not going to go back to them."

Seven Days, pg. 33, April 30, 2014
NOTE: An example of the undemocratic nature of Vermont's tiny group of public bank proponents can be found in this hubristic post,
"Erik Esselstyn and Peg Elmer, who were responsible for the Town Meeting votes in East Montpelier and Royalton, made the trip to the Senate Finance Committee Tuesday to represent all the people who voted to tell the legislators to support the legislation for a public bank in Vermont."
I'm not sure how Esselstyn or Elmer can take credit for the votes in some of the smallest communities in Vermont of other Vermonters unless they're making some sort of admission to vote tampering or manipulation or some other kind of voter fraud but I took the time to check both East Montpelier's and Royalton's Town Meeting warrants and neither warrant had the voters consider a question regarding who would represent them before a Senate committee, other than, of course, their own elected representatives in the Senate. Esselstyn's and Elmer's "representation" was of the self-appointed, narcissistic sort.

This isn't the first occasion when Hallsmith's honesty in her presentations has been questioned. When she was fired from her gig as Montpelier's Planning and Community Development Director last fall, published reports mentioned charges of dishonesty:
From Vermont Today: "In his four-page letter to Hallsmith, dated Nov. 6, outlining his reasons for placing her on leave, (Montpelier City Manager Bill) Fraser accused Hallsmith of damaging relationships around City Hall and on the City Council and Planning Commission, unprofessional behavior and insubordination, inappropriate use of city resources, and dishonesty." Source
And
From Seven Days: "City Manager Bill Fraser wrote in a letter to Hallsmith at the time that her dismissal was the result of insubordination, dishonesty and poor relations with colleagues and elected officials." Source
And
From Vermont Public Radio: "“We have a city employee who was terminated by our city manager (Bill Fraser) for a long list of causes relating from inappropriate use of city resources, dishonesty and a few other things,” (Montpelier Mayor John) Hollar says. “It’s matter of public record and if anybody wants to investigate that they can.” Source
It's gotten so that when I read or hear a new misrepresentation of fact from Hallsmith that I'm reminded of the John Lovitz character on SNL, Tommy Flanagan, the Pathological Liar and find myself expecting to hear Hallsmith at the conclusion of her typically dissembling verbal perambulations exclaim, "Yeahhh! That's the ticket!"

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Wednesday, April 23, 2014

Rob Williams - the Public Banksters Flack

A reader has pointed me to a recent letter to the editor in Seven Days from the publisher of a defunct "journal" that is now little more than an online nest of anti-Semitic, conspiracy addled hate bloggers - that's Rob Williams hatesite, of course.

Williams, a self described "journalist" and "media dude," who, rather than do the right thing by directly contacting the 7Days publishers or editors with his complaint instead engaged in a little flacking on behalf of the recently failed public banking effort in the Vermont Senate by suggesting that that failure should have received notice in 7Days' recent Money issue. This is by no means Williams first beef with Vermont media professionals. He's repeatedly lectured real editors and publishers on how to do news despite his having run his own tiny bi-monthly into the ground a couple of years ago and now proudly proclaims at his remaining hatesite,
"We make no pretense to “Objectivity”..."
all the while considering himself qualified to critique those real journalists about how they should cover what is, or as in this case, what wasn't newsworthy.
"Missing Story?"

"I always enjoy reading your weekly newspaper. But did you really just publish a Money Issue [April 9] and not do a stand-alone story on the emerging, grassroots, statewide campaign calling for a public bank for Vermont? That 15 Vermont towns passed town-meeting resolutions calling on the state legislature to create such an entity? The UVM Gund Institute's 40-page research study explaining how a Vermont public bank could create 2,000-plus jobs and reinvigorate Vermont's entrepreneurial, infrastructural and economic landscape? Maybe next time."
The rest of his letter is devoted to not one, not two, but three ways to contact the unregistered lobbyist for the small public banksters interest group, the California based Public Banking Institute executive director, Gwen Hallsmith. Given that Hallsmith is making her out of state media appearances (more on that in another post) stressing her position with PBI, you'd think that Williams might have noted that fact. But that would have undermined his claim that this public banking stuff is a truly Vermont based effort. As for "statewide campaign," there were only two towns in southeastern Vermont, half of whom voted down this dog; none in southwestern and west central Vermont or northwest Vermont. Hell, the remaining dozen and a half towns that passed a non-binding resolution supporting this public banking turkey were none other than the hometowns (past & present) of the public banksters themselves, amounting to less than 5% of the state's population. And finally, Williams does not take the time to mention that a number of the claims from the so-called "study" that he referred to were soundly refuted by Vermont's Treasurer, Beth Pierce, but then by his own statement he's not really "objective" in his representations when it suits him.

"Emerging?" The Vermont secessionists have had this public banking crap on their "to do first" for a half a dozen years and have three failed passes at the legislature to show for it. The "small community" of Vermont seceshers (their description) has said repeatedly that the primary method to extract Vermont from "the Empire" is to disengage economically from its financial institutions, no matter what the financial costs to Vermonters pensions, investments and the State economy.
"Example #1 - If Vermont can form a public bank that allows ordinary Vermonters to reap the benefits, Vermonters will have one less logistical and psychological tie to Wall Street and the Empire it enables."
So now there's an effort underway reframe their repeated failures as a success in this year's legislative session. As I said, more on that soon.

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Monday, April 14, 2014

Public Banksters - Part XI (UPDATE)

In the post below came public bankster and executive director of the Public Banking Institute's Gwen Hallsmith, the failed unregistered lobbyist for a Vermont public bank and the economic guru for the Vermont secessionist political oligarchs, with her sky-is-falling prediction that the U.S. dollar is on the ropes. Well, I thought I'd take a slightly closer look at that doom and gloom prophecy, without using Hallsmith's reliance on anti-Semitic sources; here's what I found:
“Since late January 2013 the ruble is off almost 16 percent against the dollar and 17 percent against the euro,” says Chris Weafer, senior partner at Moscow-based consulting firm, Macro Advisoryw, wrote in e-mail to RT.
And that's from the friggin' Russian television propaganda outlet (previously called Russia Today) RT on January 27 of this year, headlined "‘Mise-Ruble?’ Russia’s currency hits 5-year low". Full piece here.

Now add to that three months of Russian fumbling in Ukraine and today Reuters reports this,
"... the entire development is clearly negative for the market (and raises) renewed fears of another wave of sanctions from the West."

"Russian markets also tumbled. The rouble and Moscow's main stock market were down around 0.7 and 1.5 percent, while the country's key bonds stayed under pressure as the cost of insurance against default increased."
And from Bloomberg News here,
"The ruble slid 0.6 percent against the dollar..."

[snip]

"Russia’s Micex Index fell 1.4 percent, taking its loss since President Vladimir Putin’s incursion into the Crimea region at the beginning of March to 7 percent.
Gwen never lets real facts get in the way of her economic meme weaving but, as with her Vermont legislative campaign in consort with Vermont's "tiny community" of conspiracy addled seceshers, people know bullshit when they smell it.

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Thursday, April 10, 2014

Public Banksters - Part XI

I'd thought that enough had been said about the unregistered lobbyists of the public banksters until someone sent me Gwen Hallsmith's Twitter feed from the night before last wherein she's predicting that the "day of the dollar is probably over." Interesting stuff. And what does she base her pithy analysis on? A link to a article that posits the Russian ruble will become the currency du jour through economic alliances with Germany & China.

And Gwen's sources for this economic bombshell? A piece in the notorious publisher of thoroughly debunked anti-Semitic conspiracy theories with the occasional descent into Holocaust denial nuttery, globalresearch.ca, written by a contributor from the Voice of Russia, and a second piece by the longtime peddler of anti-Semitic crap, The Financial Times (paywall). The New Republic has a good piece on the Jew-baiters at FT here. Both publications subscribed to the anti-Semitic trope that Jews control the world's banks, the media, Congress, world governance, President Obama, yada, yada, yada...

The size of the economies that would continue use the dollar dwarf the supposed axis of Russia and China (Germany, no way) 20 to 1.

Projecting that sort of wishful insight probably explains some of Gwen's employment "issues." Or not. Who, other than Gwen, really cares at this point?

Why is it not surprising that someone who has hitched her wagon so tightly with the oligarchs of the Second Vermont Republic secessionist movement, who have extensive past affiliations with white supremacist secesher hate groups and their own extensive track record for anti-Semitic bile, would rely on such dubious sources?

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Tuesday, March 25, 2014

Public Banksters - Part IX

Remember when Gwen Hallsmith's Vermonters for a New Economy boasted that they'd gotten a question about public banking on Vermont Senator Bill Doyle's annual town meeting day survey?

"The other really good news is that Washington County State Senator Bill Doyle has agreed to include a question asking people if they support a state bank on his annual town meeting questionaire so even those who live in towns that will not be discussing a state bank as part of the town meeting agenda will be able to weigh in on the question."
After town meeting day the public banksters pumped up the volume on their claim of "statewide" support for public banking and put their supporters in the national alternative press into full spin mode as in this piece from Gwen Hallsmith's California based Public Banking Institute where she serves as executive director,

"As John Nichols reported in The Nation on March 9, "In many cases, the votes were overwhelming... Curiously, in light of the overwhelming support for a state bank displayed in the results of the town meetings campaign, the Barre Montpelier Times-Argus called the proposal "politically unpopular" -- and offered no contextual explanation for that description. "
Whoa! The public banksters unregistered lobbyists have variously described the support in Vermont for a state run public bank as "widespread" and "statewide" without ever providing any proof for such statements. It's a lot like that thumb-on-the-scale study provided by the Gund Institute fellow flunky Gary Flomenhoft. His fictions and falsehoods were directly refuted by the Vermont State Treasurer in her report to the Senate Committee on Government Operations of February 5, 2014. And now we have the results of the Sen. Bill Doyle town meeting day survey that earlier Hallsmith and her allies in the Vermont secession movement were so delighted to have been included in. The results for the public banksters were, um, underwhelming. As the Burlington Free Press' political reporter, Terri Hallenbeck, put it, "Vermonters... are not so quick to embrace a state bank."

First I should say that the Doyle survey is by no means scientific since participants are self selected but as Vermonters know, give a sense of where the public feeling is on an issue. Certainly a better sense than the handful of towns where the public banksters hail from and hold some sway with their neighbors.

So, here are the results of the responses to Doyle's very brief question 11 - "Should Vermont create a state bank?":

23% (yes); 38% (no); 39% (not sure)
The results can be parsed a number of ways but the one thing that stands out is that fewer than 1 out of 4 Vermonters (of more than 14,000 survey participants vs the several hundred that may have attended the handpicked meetings carefully vetted beforehand by public banksters and seceshers) express support for a public bank.

Now let the public bankster spinning begin. Since they were the only group incessantly getting their message out, I wonder how that spin might go. Did the banking lobby buttonhole the Vermont public? If so, it must have been one on one since they mounted no publicity campaign. Did the elected guardians of the state's and the public's financial weal somehow hoodwink the survey takers? More likely it was the poorly run campaign based on fictions, falsehoods and a demonstrated inability to play well with others that led to the perception that the real public has for the so-called state run public bank advocates.

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Sunday, March 23, 2014

Public Banksters - Part VIII

Gwendolyn Hallsmith has the public banking Sadz.

This past week Hallsmith, supposedly the executive director of the California based Public Banking Institute, posted at Rob Williams' hate blog a ludicrous claim that the Vermont secessionist allies at her Vermonters for a New Economy front group had scored a win in the Vermont Senate. You really can't blame her for trying to make lemonade from such a steaming pile of lemons.

First off, I should explain to recent readers of this blog that Rob's hate blog has long been host to some of the most extreme, hateful thinking centering around the Vermont secesher movement. Back when Rob was co-chairman of the Second Vermont Republic he had on his advisory board an assortment of hate group members from the white supremacist League of the South, the racist and anti-immigrant Lega Nord (Northern League of Italy), anti-Semites like Kirkpatrick Sale and Thomas DiLorenzo (who has written neo-Confederate claptrap for a Holocaust denial journal), along with other lowlifes. Rob's hate blog has included the contributions of anti-Semites like Dennis "Hit List" Morrisseau and the castration fixated misandrist Carol Moore, white supremacists like UVM's Robert S. Griffin and a League of the South Board of Directors member (and convicted felon), Franklin Sanders, as well as the anti-Semitic, racist co-founder and baas of the Second Vermont Republic, the still dead Thomas H. Naylor who, along with the Canadian racist and anti-Semite Sebastian Ernst Ronin, was a proponent of a white homeland in northern New England and the Canadian Maritime provinces, and a host of conspiracy theorists including Rob himself - 9/11 Truthers, contrail hoaxers, aliens trading technology with the US military for mineral assets on the darkside of the moon, to, well, you name the nuttiest conspiracy you can think of and it's got an adherent at Rob's hate blog.

Gwen Hallsmith's own particular delusion has to do with her imagining that she can claim a win in the effort to convince the Vermont Senate that her public banking proposal has merit. Here's what she said at the hate blog:

"... it starts to look like we’ll have a modest win on the public banking front as the 10% for Vermont theme struck by Senator Anthony Pollina will likely make it through the legislature, and 10% of the money the state has on deposit will be transferred to the Vermont Economic Development Authority. To win that, it is also likely that VEDA will not get a banking license, but it will still be a step in the direction we all want to go – reclaiming public, democratic control over one of the critical drivers of economic health – the monetary system itself."
Not so fast there, Gwen. That's just the kind of "we-didn't-lose" sort of spin that one expects to hear from a lobbyist, even the unregistered sort like Gwen and her secesher cohort Gary Flomenhoft. Fact is, Vermont has been doing just such a thing for more than a year before the secesher public bankster proposal made it to the legislature but then Gwen and Gary probably already knew that.

In her report the the Vermont Senate Committee on Government Operations of February 5, 2014 the Vermont State Treasurer, Beth Pearce, speaking directly to the 10% local investment plan outlined in the Hallsmith/Flomenhoft plan put forward in the Senate under the bill S. 204 by Senator Anthony Pollina, Pearce advised,

"I want to emphasize that I do support the local investment concept incorporated in S. 204. That said, I differ on significant portions of the proposed mechanics of achieving local investment through the creation of a state bank. The 10% of the state’s cash for local investment in Vermont is something I support..."

"Over the past year we have already made commitments that will get us to $17 million in local investments from our treasury funds (under Act 87). That’s roughly half way to the 10% objective. I am committed to getting us the rest of the way. But as fiduciary I want to address this in a way that is a win-win for Vermont. While I support the concept of 10%, will work to achieve it, and hope to even exceed it, there are portions of the bill that I believe need to be revised to make it a true win for Vermont. Without these changes, I believe there would be great risk—unnecessary risk—for Vermont taxpayers.
Addressing Hallsmith and Flomenhoft's larger plan to morph the Vermont Economic Development Authority into a public bank, Pearce added,

"What I do not recommend is expanding VEDA’s authority to accept deposits from municipalities or other entities, or to engage in banking operations..."
So, Gwen claims credit for that which the Treasurer has been doing for more than a year. Pret-ty chees-ey. And to suggest that the 10% local investment plan came about because,"(t)o win that, it is also likely that VEDA will not get a banking license" is nothing but a straight out lie. There was no quid pro quo and Hallsmith damn well knows that. She not just spinning here, she's bullshitting in a way that shows complete contempt for the ability of average Vermonters to know better.

As for Gwen's reference to Pollina's theme, here's what he's said that's being repeated by public banksters around the country,

"it 'doesn’t make any sense for us to be sending Vermont’s hard-earned tax dollars to some bank on Wall Street which couldn’t care less about Vermont or Vermonters when we could keep that money here in the state of Vermont where we would have control over it and therefore more of it would be invested here in the state.'”
Treasurer Pearce directly refutes Pollina's untruthful assertion by stating in her report to the Senate committee,

"The Treasurer recently sold just under $25M in bonds to Vermonters and approximately 80% of VMBB financings are sold to Vermont investors. Other instrumentalities have significant local investment. We hope to do even more with local investors. Further, when we sell bonds to investors outside of Vermont, capital actually surges into the state and then trickles back out as principal and interest are repaid. Replacing this outside capital with the state’s operating cash would actually represent a loss of state financing resources."
The truth here is that the Hallsmith/Flomenhoft/Pollina public banking proposal scored no "win" or change to existing state investments policy. The proposal died in committee and no action was taken on any part of Senate bill S. 204.

For anyone keeping track at this point, I'd predicted nearly two years ago on April 9, 2012 that Gary Flomenhoft's economic hokum would come to naught when brought again before the Vermont legislature. I'm making the same prediction today should he and Hallsmith take another stab at it with the legislature. And just to make it interesting, I'll predict that Hallsmith will be just as unsucessful in her new scheme to liberate Detroit from the clutches of government and capitalism.

Gwen Hallsmith, buh-bye.

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Thursday, March 20, 2014

Public Banksters. - Part VII

A Vermont State Public Bank - Too Great of an Idea to Fail?

According to the folks at the California based Public Banking Institute where Vermonters for a New Economy co-founder and public banking cheerleader Gwen Hallsmith now serves as its executive director (although the PBI makes no mention of such a role at its website), the notion of a public bank is "a no-brainer."

The public banksters frame the narrative in this way:

"(Is public banking) riskier than the current system? In fact, the opposite is true. The only thing that saved the private banking system from complete bankruptcy in late 2008 and early 2009 was a backroom deal in which the U.S. taxpayer bailed out the so-called “too big to fail” (TBTF) banks..."
This is just another one of the fact contorting misrepresentations that have come to define the factual assertions of the national and local public banking proponents. Let's just take a look at the public banking failure noted by Vermont Treasurer Beth Pearce that puts the lie to the public banksters claim that they are the sole source of banking purity on the scene:

"In 1807, the Delaware General Assembly passed an act to establish the “Farmers’ Bank of the State of Delaware,” and in 1837, the General Assembly authorized the state’s purchase of 40% of the common stock of Farmers’ Bank. The Farmer’s Bank became the state’s exclusive depository and took on various revenue collection and accounting functions. The state’s ownership was later increased to 49.8% giving it effective control. While the Framers’ Bank was in operation for many years, the bank, according to one study, was “permeated by cronyism, politics, lack of oversight, and crisis management.”i In 1976, the bank became saddled with bad loans. This put the state’s uncollateralized deposits at risk. It escaped failure only after the FDIC bailed it out using extraordinary measures that had been used but five times since 1950."

"The State of Delaware was also required to join in the bailout, tying up millions of dollars. The state’s purchase of a new class of preferred stock at Farmers’ Bank for $20 million pushed its ownership up to 83.8% in exchange for the FDIC purchase of non-performing debt.iii In the end, special legislation enacted by the General Assembly and signed by the Governor in 1978 permitted the expedited sale of the bank. Legislation authorizing the sale stated that “the sale of the state’s interest in the Bank will limit such financial jeopardy to the public.” iv It was finally sold to Girard Bank of Philadelphia in 1981, which was subsequently acquired by Mellon Bank and is now Citizens Bank as a result of the Citizens/Mellon asset purchase."
Sounds like a "backroom deal" to bail out a TGTF (Too Great to Fail) public bank to me, no? And that was less than 35 years ago! Is it at all surprising to find that when people are involved the potential for fiscal or political problems never seem to change or go away?

Treasurer Pearce exposed yet another lie from the unregistered lobbyists in their proposal that didn't escape her notice:

"A recent document from one public bank advocate (at a website created by longtime Vermont secessionist Jim Hogue) states that Vermont “sends roughly $80 million per year to out of state financial institutions in interest costs and administrative fees. This money stays out of state.” Treasurer’s Office debt payments to investors are in that approximate range, but in fact, many of those dollars go to Vermonters."
Treasurer Pearce then dropped this bombshell on one of the myths of the public banksters, specifically that the Bank of North Dakota is well run:

BND’s History Demonstrates it is Not Immune to Politics

"As discussed above, BND’s board of directors is the Industrial Commission, which is composed of, amongst others, the North Dakota governor, agriculture commissioner and attorney general. While I am impressed with its current management, BND struggled as it developed alongside changing political landscapes. In 1985 BND was criticized by an independent audit firm (then Touche Ross and Co.) for making loans against the advice of its top management and for inadequate loan documentation. The bank CEO at the time was quoted in news articles as saying that due to ''political reasons'' the bank got involved with ''some loans that we probably wished we wouldn't have.” According to reports, auditors also “criticized BND for not having any long-range plans or any measure of departmental performance.” In the mid-1990s there was significant discussion about questioned loans."

"Political or external pressures to reap success in certain investments could take precedence over a state bank’s long-term view and fiduciary responsibilities. The state might also be pressured to get projects off the ground by charging less for loans than the market rates. The State Treasurer is bound by the prudent investor provisions in state statute."
And this was by no means the BND's only occasions of questionable banking practices. Improper assessment fees was another controversey that BND was involved in but you'll never hear about BND's repeated banking improprieties from the public banking lobby. No, it's just the fairy tale that the public banksters want Vermonters to know, not anything close to the whole truth.

Treasurer Pearce continues:

"Vermonters buy our bonds and both the VMBB and the Treasurer’s Office have expanded their use of retail or “citizen bonds” providing Vermonters the opportunity to invest in Vermont. The Treasurer recently sold just under $25M in bonds to Vermonters and approximately 80% of VMBB financings are sold to Vermont investors. Other instrumentalities have significant local investment. We hope to do even more with local investors. Further, when we sell bonds to investors outside of Vermont, capital actually surges into the state and then trickles back out as principal and interest are repaid. Replacing this outside capital with the state’s operating cash would actually represent a loss of state financing resources."
What the unregistered lobbyists for the public banking proposal for the State of Vermont haven't disclosed is that their California based leadership has another great idea - county public banks. And they've solved that pesky capitalization problem that plagues their statewide proposal; simply seize public employee pension's investment assets to fund their bank. Never mind that pension fund employees have a seat at the investment table; merely seize the pension funds by legislative fiat. What could possibly be wrong with that?

This sort of dictatorial, "what's yours is mine" is the very essence of neo-Georgist economic hokum on steroids. If they dare, I'd expect the Vermont secessionist public banksters to be just as spectacularly unsuccessful with this scheme as they were with their proposal outlined in Senate bill S. 204.

Next up in the Public Bankster series: Gwen Hallsmith declares victory!

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Monday, March 17, 2014

Public Banksters - Part VI

in the previous five parts of this series there's been a lot on the characters and unregistered lobbyists pushing this proposal and their deep ties to the remnants of the Vermont secession movement.

Today's post will focus on the Vermont State Treasurer's report to the legislature. The links below will take you directly to the League of Women Voters of Vermont website, who sadly seem to have drunk to a little too readily from the vat of Kool-Aid provided by Gwen Hallsmith and Ellen Brown's California based Public Banking Institute. There you can read Vermont State Treasurer Beth Pearce's report and its attachments for yourself. Pearce dismisses out of hand the neo-Georgist Gund Institute (Gary Flomenhoft, really) claim that "concerns about impact on our bond rating (are) unfounded." In essence, with regard to the creation of a state public bank, Treasurer Pearce says like, "Nuh-uh!"

Treasurer Pearce's analysis of the public bank proposal sent to the Senate Committee on Government Operations: http://lwvofvt.org/files/Pearce1.pdf

Also of considerable interest are reports from Vermont's financial advisory firm, Public Resources Advisory Group and the Vermont Municipal Bond Bank. The PRAG "feel('s) that that the establishment of a state bank introduces additional risk to the State, which may in the future negatively affect the State’s credit rating and could increase the State’s cost of borrowing." The VMBB report expresses similar concerns and, like Treasurer Pearce, contests directly the Gund Institute/Flomenhoft assertion that a state bank could be capitalized from unrestricted state assets, saying essentially that such a critter doesn't exist.

Memo from the Public Resources Advisory Group: http://lwvofvt.org/files/Pearce3.pdf

Vermont Municipal Bond Bank report: http://lwvofvt.org/files/Giroux.pdf

Nothing seems to have changed much since the first legislative review of the public banking proposal in 2010 that seceshers threw such a hissy fit over then: http://lwvofvt.org/files/JointFiscal.pdf

One particular concern repeatedly raised by state officials is the potential for political machinations, cronyism and corruption that would be allowed for in the current proposal by the public banksters unregistered lobbyists. It's happened before with other public banks, most of which have failed, and includes the vaunted Bank of North Dakota which has its own very dirty laundry that was not disclosed by the public bank proponents to the legislature or to Vermonters. In short, the Gund Institute/Flomenhoft fictions just ain't gonna cut it with State officials or the state legislature - again.

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Thursday, March 13, 2014

Public Banksters - Part V

UPDATE 7:03 PM According to the Senate calendar posted a couple of minutes ago, the public banking bill (S. 204) is not scheduled for a Second Reading tomorrow on March 14. That would then seem to mean that the bill is dead unless an extension is granted, which is not very likely to happen. March 14 is the last day that crossover may occur to the House so that makes it doubtful that any bill could be passed in the 2013-2014 biennium. In short, it's probably back to the drawing boards for the seceshers and the unregistered lobbyists in pulling the Vermont economy out of "the Empire." And that'd be two times in recent history that the legislature has properly given the public banking scheme the boot.

Unregistered public bank lobbyist* Gwen Hallsmith, co-founder of Vermonters for a New Economy and the acting executive director of the California based Public Banking Institute, has been shopping around a series of articles on public banking to various online outlets.

One of her more recent forays into meme weaving on the Internets is an opinion piece that she submitted to Al Jezeera America in which she contends that "voters (love) the idea. In 17 towns around the state, a vote to endorse the idea of a public bank passed overwhelmingly last week at the town meetings." What she didn't say was that most of the towns are strongholds of the tiny Vermont secesher community and that they represent as few as 5% of the state's voters or that town meetings themselves normally produce the smallest electoral turnout of Vermont's elections or that the meetings are subject to the hijinks of a small group of activists. She further pumps up the meme with the header, "Vermonters support state public bank, and you should too". Really? And then she adds, "Citizens across state vote to use local dollars to help economy, not Wall Street". Okay, now that's just pure bullshit but, hey, what do they know at Al Jezeera? There was no mention whatsoever of Wall Street in the article presented on the warrant at various town meetings so that's just an outright lie.

Decontextualized fragments of facts is a well worn tactic of the Vermont seceshers and Hallsmith seems to have fallen under the sway of secesher leader and rocket scientist Gary Flomenhoft. The seceshers have a history twisting "facts" of their own creation into a narrative that ultimately is not borne out by electoral results. For years the seceshers claimed that support for secession was growing by leaps and bounds and that as many as 60,000 of the electorate supported secession but when crunch time came more than 99.24% of Vermonters voted for someone other than the secesher gubernatorial candidate, more than 30 times less than their fictional estimate of support. This twisting of the known facts by Hallsmith has the same smell about it.

Significantly, she gave the most personal ink in her piece to longtime secesher propagandist Rob Williams of Waitsfield. That pretty much cements the ties between the unregistered public banking lobbyists and the tiny Vermont secesher community.

ADDED 3/14: In Hallsmith's Al Jazeera opinion piece can be found another example of the contortionistic juxtaposition of facts taken from their proper context to create a self-serving inference that significantly leaves out all of the relevant facts that would lead the Al Jazeera readers to a different conclusion. In a spin taken from the secesher playbook of how to make something out of nothing Hallsmith would have those readers believe that the votes "of a few (less than 5%) seem like a broad consensus" across the state for a proposal that appears to have died in "the statehouse" Senate Finance Committee. Hallsmith notes that the non-binding public banking article considered at Montpelier's town meeting "got more votes than the mayor did in his bid for re-election" without telling the readers that more votes were cast for the mayor than for his opponent who was Hallsmith! Which then begs the question as to why Hallsmith would leave out such a pertinent fact for the readers to know. Hallsmith's campaign grew to be so nasty that she revealed the incomes of the mayor's supporters in a crass appeal to classism. Oh, and Gwen, if you were from Vermont you might have known that there is no governor's mansion in Vermont, unlike what you said. You must have been thinking of California.

* (Note: I've been queried about my contention that Hallsmith, Flomenhoft, et al are, in fact, subject to the requirement to register as lobbyists. The law seems fairly clear that they are required to register due to their having expended in excess of $500 on their effort to influence legislative action on behalf of their public bank proposal. Under Title 2, Chapter 11 of the Vermont Statutes lobbying is defined, in part, as, "(a) to communicate orally or in writing with any legislator or administrative official for the purpose of influencing legislative or administrative action, and (b) (the) solicitation of others to influence legislative or administrative action." Expenditures may be for items like travel, and by their own admission they've done lots of that to persuade voters to contact legislators in support of their public bank proposal, and for things like studies submitted to influence legislators. They've declared on their website that they spent "months" creating their "study," and any study worth reading would certainly have cost more than $500 to fabricate - the law makes no distinction between cash spent or an in kind contribution by one of the lobbyists.

The Vermont Secretary of State's Guide to Vermont’s Lobbying Registration & Disclosure Law recommends:
"Our conservative advice to all is to err on the side of caution, by reporting or registering in any situations where you have any question as to whether your activities would trigger registration and disclosure."
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Monday, March 10, 2014

Public Banksters - Part IV

(This post is part of a series intended to shed some needed light on the state public banking plan being lobbied for by unregistered lobbyists from the groups Vermonters for a New Economy, The Public Banking Institute (a California based outfit) and the Gund Institute before the Vermont Senate Finance Committee. The earlier posts have generated some considerable interest but rather than authorizing comments I'm urging readers to contact the Vermont Senate Finance Committee Assistant, Barbara Dall, with their concerns bdall@leg.state.vt.us)

To suggest that there is a "Flomenhoft Mystique" is something of an exaggeration. While the neo-Georgist Gund Institute's Gary Flomenhoft, an "educator" and onetime rocket scientist, has been up to his eyeballs in the decision making processes of the Vermont secession leadership and with the public banking lobbying effort, he's not terribly mysterious or mystical, although for some insane reason VT seceshers seem to hang on his every word.

This post might also have been subtitled the Mad Men edition of the Public Banksters series for a few reasons. Certainly the public relations assault being orchestrated by the unregistered lobbyists for a state run public bank is visible for all to see except, of course, for the willfully blind. (The entire effort is being spearheaded by Flomenhoft's comrade Gwen Hallsmith, co-founder of Vermonters for a New Economy and acting executive director of a California advocacy group called The Public Banking Institute, so why aren't these people complying with Vermont's lobbyist registration law?). But it's the past mad, mad, mad, mad history of one central figure in the campaign for a public bank that is the topic of today's post. This isn't Flomenhoft's first time at the rodeo but he's yet to score a victory in any of his entries. Let me cover some of the highlights:

The Vermont Council of Censors

During a meeting in the spring of 2009 at a Goddard College get together organized by secesher deadenders who were trying to find a way out of the mess that had been created by their national alliances with racists, homophobes and anti-Semites of the extreme radical right, alliances which led to the secesher alienation from all levels of the Vermont polity and critical coverage in the Vermont press, Flomenhoft presented his latest idea (well, not really his original idea but I'll get to that): a reconstitution of the Vermont Council of Censors, a governmental organization that was lawfully disbanded by the legislature in the 1870s.

The Vermont Council of Censors was a group that met at 7 year intervals to report of the constitutionality of the actions of the legislative and executive branches of Vermont government. These duties had come to be covered more regularly and effectively by the judicial branch, thus obviating the need for a redundant organization that met less often. While the original council members were elected to the office, Flomenhoft and his secesher pals proceeded to self-appoint themselves to their conjured Council with the only apparent qualification being that one be a secesher.

The problem with Flomenhoft's idea turned out to be that this was another example of the seceshers ties to the goals and thinking of the radical right. Oh, and that I found out about it.

The first proponent of the creation of a Council of Censors was a Nebraska conservative, Republican party county chairman and Teabagger, Glenn Freeman, who created the National Council of Censors in 2003. Like Freeman, Flomenhoft eschewed any democratic form of creation; he just issued his report/statement/claptrap, like Freeman and created the unelected and supposedly reconstituted Vermont Council of Censors. It's a Teaparty kinda thing so Flomenhoft was attracted to it like a moth to a flame. The national council has done pretty much nothing; after a feisty start that was basically a few meetings and a website, Flomenhoft's Vermont group also came to a screeching halt when I posted about their seditious creation here.

Flomenhoft's Council of Censors proposal and his appointment process of seceshers only reveals his contempt for both judicial review and participatory democracy. Flomenhoft's embrace of a flagrant malapportionment designed to give him and his secesher allies an unwarranted amount of power in state governance pretty much gives you all that you'd need to know about how the seceshers would rule Vermont if they succeeded in their effort, although I'll go into more of his and the other seceshers power delusion in the section following this one.

The Free Vermont Listserv

Later in 2009 Flomenhoft was one of the earliest members to what he and the Vermont seceshers called the Free Vermont Listserv, a place where they believed that could chat in private about the upcoming 2010 election. It didn't turn out to be quite so private.

On the listserv the chat proceeded from Flomenhoft recommending that secesher candidates, like secesher gubernatorial candidate Dennis Steele, keep their policy position vague so that voters wouldn't zero in on items they might take issue with to some really whacked out stuff that anyone in their right mind would take issue with, such as: racism; anti-Semitism; violence laced misogyny; homophobia; appointing themselves minister of this and that; conspiracist claptrap like the notion that the U.S. Is receiving advanced alien technology in exchange for resources being mined on the dark side of the moon; putting members of Vermont's law enforcement community on trial for who knows what; making legislators subject to capital punishment if they don't live up to secesher standards for participation in governing; and on, and on, and on. You can read their chat for yourself at the Free Vermont Listserv provided at the end of this post or this earlier post of mine here.

The Creation of a Provisional Capitol for the Secessionist Second Vermont Republic in Hancock, VT

Perhaps my personal favorite of the lunacy that Flomenhoft has for years been a central figure of is when, hot on the heels of their crushing 2010 defeats for guv, lite-guv and a smattering of legislative seats, he and a small group of confederates met at a ramshackle B&B in Hancock, VT and declared the place to be their "provisional capitol." Dickie Drysdale's Herald of Randolph had a piece on the affair here.

'Nuff said.

Now is often the point when Flomenhoft or one of his pals scream ad hominem! That is, however, a fallacy. What's really happening here is that Flomenhoft is presenting himself as an economic expert without revealing his true agenda - separating from the economic construct of "the Empire" to further the effort for secession - or without revealing that on every occasion that Georgist economic principles have been applied to a community the effort has failed. Flomenhoft's track record for nutty proposals that come to naught speak directly to his credibility as an authority, not unlike the spiteful mayoral candidacy of his colleague and similarly unregistered lobbyist for the lobbying group Vermonters for a New Economy. The character of the proponents of a plan that so radically alters the Vermont economic landscape with the real goal in mind of secession is valid to consider.

This is by no means all of Teh Crheyzy that permeates Flomenhoft's secesher activism but what's significant is that the Vermont Senate Finance Committee has even given this last secesher pipe dream, a plan that the remnants of the Second Vermont Republic have cited on their hate blog as their #1 priority intended to escape economic entanglement with "the Empire," as much attention as they have.

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Tuesday, March 4, 2014

Public Banksters - Part III

Unregistered public bankster lobbyist Gwen Hallsmith crushed in Montpelier mayoral election. Legally registered commercial bank lobbyist John Hollar gets more than 66% of the vote.

Go figure.

(The post on the unregistered public banking lobbyist Gary Flomenhoft's mystique is stilltocum)

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