Sunday, March 27, 2016
The Financial Coup in the USA is Almost Complete
First, again I must state that this Coup is not any kind of massive, dark "conspiracy". It's more like a bunch of greedy control freaks, a few of whom probably are well-meaning, working mostly independently toward a mutual goal---Global BIG Business as the governing force in the world. Their tools are Edward Bernays style Propaganda, so-called "Free Trade" Agreements, and institutions such as the WTO, the IMF, the Bank of International Settlements (owned by national Central Banks), Central Banks, the G-20, the G-20's Financial Stability Board, numerous mega multi-national corporations, and the like. Some of their members have referred to the rest of us as "the little people". Such is their mindset.
Since the 1970's at the very least, this Juggernaut of Crony Capitalists has been shifting our economy from one of manufacturing to one of Financialization. In that ongoing process, Middle Class jobs have evaporated, their replacements have been lower-paying & less secure, the incomes of the Super-Rich have increased exponentially, the dollar has been debased to an obscene degree, the Poor have become poorer, and our great Land has rushed at great speed toward NeoFeudalism. The minions of the Crony Elites, the DC politicians (of both major Parties), have become millionaire "public servants". A few exceptions to that do exist...but not enough.
These Crony Capitalist Elites make up what Bill Moyers and others refer to as the Shadow Government. Their footprints are everywhere...all you have to do is look. For example, CitiGroup (CitiBank) lobbyists wrote the draft of an Amendment to the last big DC spending bill that essentially rolled back some of the Dodd-Frank protections against the illegal & unethical practices of the Financial Sector. The legislative banking "reforms" wound up being window-dressing...a joke. Another example--- not long after the 2008 Financial Crisis, the Fed Reserve made available (in virtually zero-percent loans) to several mega banks the same total amount of money as was spent by the Fed Gov't from the Revolutionary War up to the 2008 Crisis. Think about that for a moment...trillions of dollars. One estimate is twelve trillion; another is $13.1 trillion. Did those banks then use that money to make loans to small businesses, or help the economy in other ways? Essentially, no. Some of the windfall was loaned back to the Fed Gov't...the banks bought U.S. Treasuries (bonds) & are receiving at least quadruple the amount of interest that they are paying for the loans. Some of the windfall was used to buy physical precious metals which now are stockpiled in mega bank vaults. Some of the windfall was used to continue placing gambling bets on bizarre financial derivatives. Some of the windfall was simply "banked". None of the foregoing produced any jobs for the economy.
So now in 2016, we're basically in the same boat as we were in 2007. The difference is that the Asset Bubbles and the Debt Bubble all are much larger than in 2007. Plus, crude oil is tanking. Plus, China is deflating. Plus, the Fed Reserve essentially is out of ammo. Plus, the Derivatives Bubble is estimated to be $1.5 quadrillion. Plus, wages basically still are stagnant. [51% of American working families make $30K per year or less.] Plus, mega companies are buying back their own stock, thus posting phantom earnings in order to prop up their stock prices. Plus, the real unemployment rate is estimated to be somewhere between 20% and 43%. And on & on.
The goal seems to be to destroy our Financial System and our Economy...to be replaced by who knows what. In the meantime, the Super-Rich are getting richer...and richer...and richer. Almost nothing is "trickling down". Also in the meantime, there's a War on Cash...a move to only digital "money". If implemented, that will be the end of any semblance of privacy. As to the U.S. Constitution, forget it... for the most part, it's long gone. DC politicians violate it on an almost daily basis.
For ways to peacefully combat this entire obscenity, see a few of my previous posts. More ways to come in the near future. Forget voting at the national level...presently at least, that won't solve a damned thing. The last forty years or so prove that; Democrats & Republicans have led us to where we are today. They've both individually held the majority Power at different times. SSDD.
Not only my opinion. Be Well