Sherman’s comment was not in the same context as a comment issued by Rep. Michael Burgess earlier in the week. Burgess, who appeared on the Alex Jones Show, said Pelosi threatened to invoke House rule XIII(6)(a), described as “martial law,” intended to suspend normal procedures and safeguards and thus allowing the House leadership to operate in a more authoritarian fashion. Sherman, however, said martial law would be declared on Wall Street, not in the House.

Rep. Sherman said the “exaggerated fear-mongering turned out not to be true” and the House “can draft a good bill,” regardless of the pressure put on representatives to pass the banker bailout bill.

The bailout plan is not only “economic fascism,” as Richard Viguerie has correctly noted, designed to loot the U.S. Treasury and reorganize and further consolidate elite control over the economy, but it is also a brazen effort to impose a martial law and dictatorship. Paulson’s role as financial dictator, not answerable to Congress or the American people, fully compliments additional steps taken over the last few years.

As former California congressman Dan Hamburg said earlier this year, the 2007 National Defense Authorization Act gives the executive the power to invoke martial law in case of “major public emergencies,” not limited to “a natural disaster, a disease outbreak, a terrorist attack,” but also “any other condition in which the President determines that domestic violence has occurred to the extent that state officials cannot maintain public order.” Obviously, a financial crash and ensuing social chaos of the sort now being implemented by the ruling elite would be characterized as a dire emergency and a near perfect excuse to impose martial law, a long standing goal of the elite.

As well, the Military Commissions Act of 2006, codifying indefinite imprisonment of dissidents, and the National Security Presidential Directive 51, ensuring the “continuity of government” in the event of a “catastrophic emergency,” are tools the government will most assuredly use after the economy implodes, now a foregone conclusion according to many economists.

Numerous Bilderberg pronouncements, dutifully reported here at Infowars and Prison Planet but ignored by the larger corporate media, reveal what the global elite have in mind for us — an engineered economic crash followed by a consolidation of wealth under fire sale conditions. In order to successfully accomplish this, the elite must impose martial law and “maintain public order,” that is to say force the public to accept their terms by military force.

As the Army Times reported last month, a battle-hardened “homeland” brigade is now “going domestic” after spending time in Iraq. It appears this illegal deployment (under Posse Comitatus) is designed to respond to “public disorder” as the economy is deliberately and cynically dismantled at the behest of our rulers who are now investing in the Treasury and the executive, with the complicity of Congress, dictatorial powers heretofore unheard of in America.