“Single acts of tyranny may be ascribed to the accidental opinion of a day, but a series of oppressions, begun at a distinguished period, unalterable through every change of ministers, too plainly prove a deliberate, systematical plan of reducing us to slavery.”
What is presently occurring economically in the United States is not an accident, nor is it a consequence of free-market capitalism, nor is it an unforeseeable, unpreventable, or unmanageable ‘crisis’. It is the deliberate manipulation of currencies and financial markets as a means of transferring all of the world’s wealth to bankers and saddling the rest of society with debt and worthless fiat bank notes. Furthermore, it is the intentional destruction of the wealth-producing sectors of society, chiefly manufacturing. We are chained to the instruments of debt and usury, and our ability to create wealth is destroyed.
Americans have been tricked into subsidizing their own enslavement, and the debt slaves of this United States empire have indeed embraced their servitude. While we have been bested by a very clever and powerful organized conspiracy, it is nevertheless difficult for me to sympathize with the pathetically ignorant and proud citizens of the United States. For who are wise to this inhuman condition which has been foisted upon us, I have one question: “Will you take it lying down?”
“It’s a “perfect storm,” the result of a 200-year-old financial system where money is largely created by bank lending and where since 1980 our industry and jobs have been increasingly outsourced abroad to cheap labor markets. Thus domestic incomes have stagnated while the nation’s GDP has not been able to keep up with the exponential growth of debt.
While the mainstream media are blind, deaf, and dumb as to the causes, the victims within the middle and working classes are seeing their livelihoods ruined, jobs taken away, pensions eroded, homes foreclosed on, and are being saddled with ever-increasing debt and forced to work under more and more stress due to rising burdens of taxation, gas and food price inflation, and bureaucratic rules and regulations.”
“All that the current bailouts being engineered by the Federal Reserve are doing is to create more debt to shore up failing financial institutions. No new wealth is being created. It’s band-aids on band-aids.
The problem politically is that control of the U.S. long ago was turned over to the bankers and the financiers of the Western world. It was called financial “deregulation,” accelerated under President Ronald Reagan, and has run amok since then. From a longer historical view, it’s the same phenomenon that first created and then ruined the British Empire , and it’s what created and is now ruining the American Empire today.”
“It is theoretically possible that the US as a nation could still save itself through an internal revolution…“
And from F. William Engdahl’s The Financial Tsunami: The Next Big Wave is Breaking Fannie Mae, Freddie Mac and US Mortgage Debt:
“The announcement by US Treasury Secretary Henry Paulson together with Federal Reserve chief Bernanke, that the US Government will bailout the two largest guarantors of housing mortgage debt-the Fannie Mae and Freddie Mac-far from calming financial markets, has confirmed what we have said repeatedly in this space: The Financial Tsunami which began in August 2007 in the relatively small “sub-prime” high risk US mortgage securitization market, far from being over, is only gathering momentum. As with the Tsunami which devastated Asia in wave after terrifying wave in December 2004, the financial Tsunami we are witnessing is a low-amplitude, long-wave phenomenon of trillions of dollars of financial securities being unwound, defaulted on, dumped on the market. But the scale of the latest wave to hit, the collapse of confidence in the two Government-Sponsored Entities, Freddie Mac and Fannie Mae, is a harbinger of worse to come in what will be the most devastating financial and economic catastrophe in United States history. The impact will be felt globally.”