On May 8, the House Oversight Committee began hearings on the Benghazi raid that killed 4 Americans, including Ambassador Chris Stevens. As usual, the highly paid talk show hosts like Rush Limbaugh and Sean Hannity have an incomplete picture of what was happening and why, describing the situation simply in terms of the Obama administration trying to coverup a foreign affairs debacle.What really was happening was a continuation of a long-range plan by certain members of the Power Elite (PE) for world control. One of the PE's favorite tactics is the use of dialectics, and in this case it involved the alleged "good Al-Qaeda" (e.g., like the Kosovo Liberation Army which was helped by Osama bin Laden, then trained and armed in Albania by the CIA) as opposed to the "bad Al-Qaeda" (e.g., Osama bin Ladin's mujahedin in Afghanistan).The "good Al-Qaeda" in Libya were members of an Al-Qaeda affiliate called Ansar al-Sharia (means supporters of sharia Islamic law) who were a major part of the rebel opposition (supported by the U.S./NATO) to Moammar Gadhafi's rule there. As I have written before, with the ouster of Gadhafi, important members of Al-Qaeda hold key positions in the current Libyan government. The Obama administration's view that Ansar al-Sharia wasn't a threat to us (because the U.S. had helped overthrow Gadhafi) allowed our government to pay the February 17th Martyrs Brigade, which had publicly known sympathies for Ansar al-Sharia, to help provide security for the U.S. diplomatic mission in Benghazi. This is despite the fact that there were numerous reports the Brigade "had been implicated in the kidnapping of American citizens as well as threats against U.S. military assets" (see April 23 House Republicans interim report). The House Oversight Committee hearings are revealing what could be called a coverup by the Obama administration of its lack of defense of our mission in Benghazi and the disaster and deaths that resulted.As I said earlier, though, the PE had larger concerns as part of its plan. Just as Richard Nixon waited his turn to be elected president in 1968 when the election of 1960 was stolen from him (allowing Democrats 2 terms as president), I believed that President Obama would have 2 terms despite what Limbaugh, Hannity and other leading conservatives said. Thus, it was important for President Obama not to be blamed for the Libyan fiasco before the November 2012 election. This was accomplished by President Obama being briefed that our mission members in Benghazi had been rescued just before President Obama went to bed (according to House Oversight Committee chairman Darrell Issa on Sean Hannity's May 7 radio show).At this point, Secretary of State Hillary Clinton was given the responsibility over what was thought to be a situation under control. However, events moved quickly and the "saved" mission members at the "safe house" soon came under attack and 4 were killed, apparently before the president as commander-in-chief could send the necessary help. Thus, President Obama had an excuse as to why he didn't act at the time to save the mission members. If House Republicans try to impeach President Obama over what happened in Benghazi and its aftermath, and if they succeed, the Democrats in the Senate will simply vote not to convict him just as they did when President Clinton was impeached.Of course, Hillary can't blame Obama, because that would damage her support among Democrats if she runs for president in 2016. This places her, though, in a Catch-22, because if she accepts the blame herself, that also would hurt her chances among the voters for her election as president in 2016. Either way, she is hurt politically, and that's what the PE wants because it would leave Vice-President Joe Biden as the Democratic presidential nominee in 2016. Biden could then be counted on to gaffe his way to defeat to Jeb Bush, who is the PE's primary (but not only) choice to be elected president in 2016 (just as Nixon was in 1968).Bush's "moderate" views regarding illegal immigrants and other issues makes him the PE's perfect choice, a puppet like previous presidents, Democrats and Republicans alike. As the PE's puppet, Jeb Bush will "reluctantly" accept the world currency (the "Phoenix") in 2018 as the only choice we have to rise from the ashes (see the cover of THE ECONOMIST for January 9, 1988 which I put in my NewsWithViews column, "Bold New World and Forces Too Powerful, Part 3") of a global economic catastrophe. Currently, economic reporters like Rebecca Jarvis of ABC News and others are gleefully announcing new stock market highs as a sign of economic recovery under the Obama administration. They are oblivious to the PE's plan to have all of this crash after 2 years, so that by 2016, President Obama's last year in office, the American and global economies will plunge.On April 29, New York University economist Nouriel Roubini (who correctly predicted the financial crisis beginning in 2008) said the stock and bond markets can rise for another 2 years as the Federal Reserve maintains its massive easing campaign (see May 1 MONEYNEWS article by Dan Weil). Roubini said the Fed is "creating massive fraud," and he indicated that the current slowdown in global economic growth should be pushing stocks, commodities and bond yields lower, so that when things do come back down to earth, the economy will suffer a depression rather than a recession.See the Weil article for this as well as for Edward Pinto's (former chief Fannie Mae credit officer) comment that the recent housing market recovery is "eerily familiar to the previous government policy-induced boon that went bust in 2006, and from which the country is still struggling to recover."To demonstrate an attitude in Congress (supposedly "public servants") concerning the public, when I called the House Oversight Committee to ask a simple factual question about Benghazi, no one returned my call. And when I called my state representative on the committee, Rep. Patrick McHenry, I was advised to contact the office of the committee chairman, Rep. Darrell Issa. But I had already called his committee staff and received no return call from them.