From The RampartsJunious Ricardo StantonThe Raw Deal“The mainstream media suggests that the banks are being nationalized as a result of TARP, In fact, it is exactly the opposite: the State is being taken over by the banks, the State is being privatized. The establishment of a Worldwide unipolar financial system is part of the broader project of the Wall Street financial elites to establish the contours of a world government. In a bitter irony, the recipients of the bailout under TARP and Obama's proposed 750 billion aid to financial institutions are the creditors of the federal government. The Wall Street banks are the brokers and underwriters of the US public debt, although they hold only a portion of the debt, they transact and trade in US dollar denominated public debt instruments Worldwide. They act as creditors of the US State. They evaluate the creditworthiness of the US government, they rank the public debt through Moody's and Standard and Poor. They control the US Treasury, the Federal Reserve Board and the US Congress. They oversee and dictate fiscal and monetary policy, ensuring that the state acts in their interest. ” America's Fiscal Collapse by Michel Chossudovsky www.globalresearch.ca/index.php?context=va&aid=12517The current economic collapse is a financial 9-11. It is a deliberate and premeditated scheme to undermine the economic status quo. The proof of the pudding is that the global economy is teetering on the brink of collapse, having been set up for the pull down by the Anglo-AmeriKKKan banking cabal. As strange as this sounds this is not the first time something on this order has happened. In fact the blueprint for the current “crisis” was played out during the 1920's which led to the Stock Market crash of ‘29, the Great Depression of the ‘30's, the inflationary spiral and default of the US currency during the Vietnam War, the Savings and Loan rip offs of the ‘80's, the Enron Worldcom fraud of the ‘90's, the Dotcom pump and dump schemes and the recent housing/credit bubbles. The international bankers using their agents in the US and around the world have manipulated and fomented conditions just as they did in the ‘20's by employing massive stock, real estate speculation based on debt, fraud, collusion and corruption.The current economic implosion was designed. The culprits knew this was going to happen because this is part and parcel of their agenda to destroy the US economy, shrivel the middle class and reduce the masses to debt peons, wage slaves and tax bondsmen. Many of you reading this are shocked by these assertions. You ask why would the bankers and their politician allies do something as dastardly as this? Because wrecking the economy enables them to surreptitiously end up owning everything. During the Great Depression, the banks were confiscating businesses, farms and homes for pennies on the dollar or foreclosing them outright until Franklin Delano Roosevelt stepped in and stopped them. Today we have no champion for the little man so the banks and financial services will end up getting our homes, industry and infrastructure on the cheap just like during the Depression.“Through its current 9/11 economic terrorist attack the demonic cabal intends to destroy the American and world economic system utterly--and the common people with it. They've already seized over $7.4 trillion dollars (as revealed by Bloomberg News), which represents 65% of U.S. gross domestic product (GDP). In the real world--not this fantasy world the cabal has constructed--spending over about 5% of GDP would be disastrous to a genuine economy. This makes it clear that the cabal intends to steal over 100% of GDP, bringing the American and world economy to utter wreckage. Cabal insiders will have seized their billions and from the devastated financial and industrial rubble that remains they'll buy what assets they want for pennies on the dollar.” Capitalist Terrorism http://www.hermes-press.com/capitalist_terrorism.htmThe Wall Street Bankers are doing to the US what their IMF and World Bank counterparts do to so called third world countries. “The World Bank and the IMF are the world's largest public lenders. The Bank manages a loan portfolio totaling US $200 billion and last year loaned a record US $28.9 billion to over 80 countries. The IMF supplies member governments with money to help them overcome short-term credit crunches. To really understand how these institutions work, think of them as the world's biggest loan sharks. When the Bank and IMF lend money to debtor countries, the money comes with strings attached. The strings come in the form of policy prescriptions that are usually referred to as ‘structural adjustment.’ Structural Adjustment Policies (SAPs) restructure a country's economy to ensure that its debts are repaid. SAPs require that debtor governments open their economies to penetration by foreign corporations, allowing access to the workers and natural resources of the country at bargain basement prices. Among other things, Structural Adjustment Policies generally require a country to: slash government spending, which usually means cutbacks for health care, education, child care, and environmental protection; attract foreign investment by removing tariffs and weakening labor laws and environmental protections; sell off publicly owned assets such as mines, mills, forests, telephone, water and electricity companies-a process known as ‘privatization’; focus resources on growing export crops for industrial countries, rather than supporting family farms and growing organic food for local consumption; and devalue the currency to promote exports. Sometimes structural adjustment prescriptions include ending government subsidies on heating oil, gasoline and basic food items such as bread or rice, which raises the cost of living for poor people. In Haiti, the World Bank went so far as to oppose increasing the minimum wage-this in a country where more than 70% of the population lives on less than $1 a day.” IMF and WorId Bank: GIobal Rule-Makers. www.thirdworldtraveler.com/IMF_WB/Global_Rulemakers.htmlThe bankers have already forced the US government to devalue the US dollar via the Federal Reserve Bank’s (the Fed is a privately owned banking syndicate) policies. Taxpayers (us) must pay escalating interest to the bankers on the mounting national debt and the next round of domestic “structural adjustment policies” will be a stealth attack on both Social Security and Medicare. In 2005 Bu$h was unable to privatize Social Security on behalf of the Wall Street kleptomaniacs so they have tasked Obama to get it done. (Wall Street contributed millions to Obama’s presidential campaign). This will be accomplished using ideological think tanks and front groups funded by the elites using scare tactics to make us believe Social Security is a liability that needs to be privatized. Guess who benefits from a privatized Social Security program, certainly not us.The domestic “structural adjustment policies” imposed by the Wall Street banks are why several states and municipalities are selling off public buildings, utilities and toll roads to raise money to balance their budgets. The bankers or their buddies are the ones buying these assets dirt cheap. The governors of these states and mayors are either in cahoots with the bankers or have been forced into this position due to the policies of politicians in cahoots with them. “NEW YORK (Reuters) - Cash-strapped U.S. state and city governments are likely to sell or lease more highways, bridges, airports and other assets to investors desperate for stable returns after being frazzled by the credit crisis. The trend is set to pick up speed given worsening budget deficits in state capitals and city halls nationwide. It will also be welcomed by Wall Street bankers hoping to help create and market so-called ‘infrastructure’ transactions at a time many debt markets remain paralyzed, and after major U.S. stock indexes fell into bear market territory.” Wall Street to privatize US infrastructure Roads, airports on the block as budgets tighten Fri Aug 1, 2008 12:37pm EDT By Jonathan StempelWhen the dust finally settles, the banks, their front groups and behind the scenes investors will own our homes, industries, utilities and infrastructure. This is their plan and it is moving along quite nicely thank you. This is merely the tip of the iceberg. Their agenda is pervasive and all inclusive but is not guaranteed to succeed. It can be derailed and defeated. I will share more of their nefarious plot in the future.-30-
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