Creative Destruction: The Solid Core Behind the Financial Crisis
Two striking articles on the current financial crisis:
“Creative Destruction: The Solid Core Behind the Financial Crisis” by Chris Floyd:
Do you get it now? The rich and powerful spend years making foolish deals in a market they rigged with the connivance of utterly corrupted politicians on both sides the aisle; their fraudulent scheme finally collapses, exposing them to some of the most horrific financial losses in history....and YOU will have to pay for it. For generations. Not only directly, with the tax money straight from your pocket, but even more so in the further degradation of national life: infrastructure, services, programs, amenities that will be starved or abandoned as even more of the government's money is poured out to shield the wastrel elite from suffering the consequences of their own rapacious folly.
Well, there will be none of that now, thank god. Even if a party that was actually committed to the well-being and security of ordinary citizens (a description that of course excludes the ticket of "Wall Street Barry" and "Bankruptcy Bill Joe") were to somehow take power one day, they will be hogtied by the mess left behind by the elite's financial boondoggles and their many wars. They'll be lucky if there is enough spare cash on hand to buy a few sandbags the next time a hurricane turns toward New Orleans, much less address any of the massive civic, social, economic and infrastructural disasters that confront us.
…And “NOW IS THE TIME – THERE IS HOPE” by Michael Ruppert:
If Rothschilds and Rockefellers are taking the same side it is because the entire economic paradigm is threatened. There is good reason to believe it. The Dow has lost almost 10% in just two days. The bailouts are lining up at the door before the Fed goes bankrupt; before our government goes bankrupt. Lehman was ten times bigger than Enron. AIG was much bigger than Lehman. Still to come are Washington Mutual, Goldman, J.P. Morgan, the automakers and the airlines, to name a few. Not all are going to be saved.
There is only one run on the bank taking place. This time it's the Federal Reserve and we know who will get screwed. The Fed and our Treasury are being looted at the one moment in time when we most need them to be full.
Today a Rothschild sided with a Rockefeller… They are scared. And John McCain will loot the Fed faster than Barack Obama will. The old paradigm is trying to cash out with our money. Neither candidate will do a damn thing for us. We must do it for ourselves.