Wednesday, December 10, 2008

Financial Coup d'Etat

We are currently witnessing a highly-engineered restructuring of the world’s capital system right before our very eyes. The world will never be the same once the process has been completed. But because we don’t understand what is happening we have trouble connecting the dots of this ingenious form of economic warfare. In the United States there is a merger going on between the highest levels of the banking industry and the government. What we will end up with could arguably be a more communist system than China currently has. There is nothing free market about government intervention, in fact it is the opposite and could also be called socialism. Anywhere in the world that we are seeing the banks being bailed out by government, we are witnessing this phenomenon.
This scenario has been building for decades under the banner of globalization. And because the citizenry has no understanding of even the most basic economic principles it has gone on largely uncontested and I would dare say has even been embraced.

Free Market Rhetoric

You hear a lot of talk about the free market these days, but I can’t find a vestige of it left when I look at the big players on the scene today, and the recent bailout of the U.S. banks is the best example there is. What they call “free market” is synonymous with privatizing the profits while socializing the losses of the major banks and corporations. In a truly free market these players would sink or swim according to their bottom lines, not some taxpayer bailout. If these companies cannot make it in the real world they should fail, and we should be glad of it. We want the world to be populated with healthy companies and banks, not virally infected ones. I do not consider this deal to be a bailout at all, it is a parting gift from George Bush to the people who helped him to get and maintain power. The looting of the treasury and the attacks on the trade centers will go down in history as the greatest acts of piracy in the history of the world.