Since the "banksters" own the developed western world, no one in that world has dared to implement any financial reform. The criminals are free to employ their weapons of mass destruction, a.k.a. over-the-counter derivatives, wherever they perceive weakness.
Instead of mere companies i.e. Lehman, Bear Stearns, AIG, Fannie Mae and Freddie Mac, they are now targeting fatally-indebted COUNTRIES. At this moment in time they have in their telescopic sights what our smug mainstream media refers to as the PIGS (Portugal, Italy, Ireland, Greece and Spain). The big banks, which are really unregulated hedge funds, are going after the debt (bonds) of these countries and the paper currency they all share: the Euro. The European Union, which is nothing more than the United States of Europe, is under financial attack. This economic blitzkrieg can be every bit as devastating as the military variety in bringing down this union of loosely-strung-together nations.
Lest the United States of America become too cocky and complacent, it is crucial to understand that we are next. With most of our individual states, led by California, the eighth largest economy in the world, either already bankrupt or hurtling in that direction, the U.S. dollar is waiting in the wings for its turn to be under similar financial bombardment. It is, after all, a race to the bottom when it comes to all paper currencies.
The so-called recovery is pure propaganda, and the Federal Government is dysfunctional. It has all come down to the nasty choice of printing money or outright default. The Feds are not going to help us. It is up to each one of us to have a plan to protect our assets when the banker terrorists turn their sights on the good old USA and its faith-based currency.
February 15, 2010