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True Context Of Financial Crisis & Global Ecomess.

by Patrice Ayme Sun May 17th, 2009 at 01:47:58 PM EST

This an introduction and synopsis of an essay on banking I am struggling with. It seems to me that it puts the debate in fundamental civilizational setting it should have. This crisis is not about an economic cycle, but civilization. It's a bit like the war situation in Afghanistan-Pakistan: the West set up the context, and it is the wrong context, and I will say, deliberately so.

The financial and economic crisis is not just a case of an economic cycle gone rogue. It is a question of democracy versus plutocracy.I will demonstrate this TECHNICALLY in an incoming essay, which is articulated around a single fact, the existence of an all devouring monster, the DEMOCRATICALLY UNSUPERVISED FRACTIONAL RESERVE BANKING SYSTEM.

In a representative democracy an elected government represents the people and exerts the full power full governments have always exerted, and that includes first and foremost, COINAGE. The government of the USA and its para governmental propaganda machinery love to give lessons to everybody about democracy, the people-power. BUT the U.S. government has abdicated its most important function in peacetime to a number of unelected, very rich individuals, the bankers and their shadows. Having grabbed for themselves a part of the power of government these rogues now form a plutocracy (= pluto-power).

In the self proclaimed "Anglo-Saxon free market capitalist system" top bankers and their associates in the "Shadow Banking System" HAVE BECOME THE GOVERNMENT. This is not an accident, but the very nature of the "fractional reserve banking system", which gives bankers, as a class, the power of CREATING MONEY, and also to decide who GETS THAT NEWLY CREATED MONEY, and who does not. Thus the richest decide who will get richer. (Educated asses audaciously hope that the bankers will chose well, and they smile.) Unfortunately, only a finite quantity of money can be created, thus...

Money itself being power, BANKERS HAVE BECOME THE ADJUDICATORS OF POWER IN THE USA. There are taxes on money, there are NO TAXES ON POWER. Thus, the power of bankers feeds on itself non linearly. Until it rams into the finite limit of money. But, then, never mind, it can keep all the goodies it previously self attributed, and now reset the money making machine to start from scratch again by emptying present and future taxpayers under the pretext of deleveraging.

This abundance of power (in politics and propaganda)explains why the bankers had the power to send trillions of dollars of taxpayer money to reinstate the bankers' full power. Charity, the American way: the poor helping the rich get richer.

Meanwhile cheap and sensical measures for the common folk on foreclosures, or anti usury laws, and the like, were promptly squashed by the democrat controlled Senate and Congress.

A hint why hadge funds and private equity democrats are not too keen to upset the Shadow Banking System: at the end of 2007, according to opensecret.org, the average Senator's wealth was above 17 million dollars, while the average Congressman's wealth was above 4 million; this does not count their multi million dollar annual budgets for their staff and other activities, paid by the People of the USA.)

Strange days when reading The Economist or the Wall Street Journal gives plenty of facts and arguments who would have pleased hard core Marxists.

American capitalism gone with a whimper - Pravda.Ru
It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.

True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was [...]

First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their "right" to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our "democracy". Pride blind the foolish [...]

The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America's short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe.

These past two weeks have been the most breath taking of all. First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, loses and swindles of hundreds of billions of dollars. These make our Russian oligarchs look little more then ordinary street thugs, in comparison [...]

These men, of course, are not an elected panel but made up of appointees picked from the very financial oligarchs and their henchmen who are now gorging themselves on trillions of American dollars, in one bailout after another [...]

... Prime Minister Putin, less then two months ago, warned Obama and UK's Blair, not to follow the path to Marxism, it only leads to disaster. Apparently, even though we suffered 70 years of this Western sponsored horror show, we know nothing, as foolish, drunken Russians, so let our "wise" Anglo-Saxon fools find out the folly of their own pride [...]

The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker.

by das monde on Wed May 20th, 2009 at 02:02:41 AM EST
These make our Russian oligarchs look little more then ordinary street thugs, in comparison [...]
Great said.American's bandits are of universal proportions.And they keep marching...They tend to forgot that practically all Americans are armed...

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Wed May 20th, 2009 at 07:18:27 AM EST
[ Parent ]
Americans are more focused on "terrorists", and how scary they are. That, and sport on TV.

Patrice Ayme Patriceayme.com Patriceayme.wordpress.com http://tyranosopher.blogspot.com/
by Patrice Ayme on Fri May 22nd, 2009 at 10:19:26 AM EST
[ Parent ]
Yes that's now but when shit hit the fan and USA state is bankrupt ( along with industries) and 30% of Americans are unemployed (this is coming in slow motion)...Yeah...I know Army and Police will take care of those who are not already taken by propaganda.
Scary times in front of us...  

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Fri May 22nd, 2009 at 08:53:51 PM EST
[ Parent ]

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