The public sector and democratic governance have been under relentless attack, both in the U.S. and in Europe, by adherents of Neoliberalism and the handful of John Birch Society fascist billionaires facilitating, egging on, and financing the current government funding crises, and the upcoming debt ceiling showdown.
We'll have to see how this thing is resolved, but if these treasonous financial terrorists get their way, there will be a catastrophic markets collapse, both here and in Europe.
NYT: "Markets Slide Worldwide Amid U.S. Budget Battle"
The Fed chairman, Ben S. Bernanke, said during his news conference on Sept. 18 that the budget battles could make matters worse.
“I think that a government shutdown — and perhaps, even more so, a failure to raise the debt limit — could have very serious consequences for the financial markets and for the economy, and the Federal Reserve’s policy is to do whatever we can to keep the economy on course,” he said.
Think about what happened during the dress rehearsal, i.e., the 2008 financial collapse...
It is reported that the 2008 financial crisis total costs (loses) were about $22 trillion; workers' pension funds lost close to $1 trillion, and loses accrued by home owners were also in the trillions (if I remember correctly, over $10 trillion in the U.S.).
Since then the looting has not only continued, but accelerated, to the point that 95 percent of all income generated during the so-called recovery has gone to the pockets of the top one percent.
That's pretty significant, right? Now, who was left holding the bag? You, the tax-payer, homeowners, pensioners, college students, the middle class, the poor.
What happened to the financial criminals who perpetrated the looting? They got richer, the financial institutions got even bigger and more powerful, and they were re-capitalized with an infusion of tens of trillions of dollars from the FED.
What we are witnessing is a ongoing and accelerating, and systematic take down of not only the social safety net, but of (democratic) government itself, and the ascendancy and entrenchment of the Corporate State brought to you by Neoliberalism and its fascist billionaires' funders.
This ongoing process works best when there is chaos, when there are systemic shocks, be it of a financial nature, or national security-related. Have you heard about the "Shock Doctrine?" Look it up.
One must think about this very carefully to get the picture... The 2008 financial crises was caused by massive looting and racketeering by Wall Street. Tens of millions of families were affected, many of them foreclosed on their homes with the use of fraudulent paperwork. Pensions funds depleted.
In the aftermath there has been a relentless drive to privatize public education, prisons, and many other areas of the public sector.
If there is another financial crises, expect the same: the undermining of the public sector (i.e., democracy itself), and more looting and pillaging. In other words, disaster capitalism.
If the whole thing spirals out of control and financial panic/chaos ensues, when the dust is settled, you are likely to find the following: pension funds raided/looted; democratic institutions undermined and in disarray, the fanatic and heavily armed racist/fascist religious fundamentalist, end-of-days right wing emboldened (see Greece), and a move by the security apparatus to clamp down using the resulting chaos (fear) as an excuse.
The democratic institutions decimated, then the role of the fascist billionaires is enhanced since they will be basically able to pay off their minions in order to move their agenda forward.
Here's a glimpse at this strategy in Europe, as reported by The New York Times...
The yield on the Italian 10-year bond rose 9 basis points, to 4.5 percent Monday, after the political party of the billionaire former prime minister, Silvio Berlusconi, shook the government over the weekend. The yield later in the day slipped back, up only 3 basis points.
Five ministers of Mr. Berlusconi’s People of Liberty party resigned from the cabinet, leading Prime Minister Enrico Letta to call for a confidence vote to be held this week. A failure to win that vote, which will probably be held Wednesday, could lead to the collapse of his governing coalition.
Of course, here in the U.S. we have the Koch Brothers and other behind-the-scenes billionaires basically controlling the Tea Party, pushing for the government shutdown and the debt ceiling showdown.
I'll leave you with this to think about: In the next few days, weeks, and months, the more chaos, the more dysfunction, the more market panic, the more these John Birch Society fascist billionaires will benefit, along with the fanatical adherents of Neoliberalism. And the more you, the citizen, will lose.
This is treason of the highest order. If "the memo" delineating this plan were to be found, these people would be arrested on sight.
But instead, we'll be watching Kabuki Theater...
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Market For The People |Ray Pensador | Email List | Twitter | Facebook
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