...bankrupt or are having serious liquidity problems and they should be allowed to restructure their debt.
Translation: Ignore the causal forces of debt and greed, and the debilitating need for instant gratification! Pile on more debt NOW!
The driving forces that induced TARP and the countless emergency rescue bills, laws, packages, bailouts, QE, stimuli, and fascism in the United States are being repeated in the U.S. and Europe!
It will reach a point -- if we're not already there -- where countries will owe so much money to the banks, that the bank's executive owners will effectively become the government and lay down their own rules and laws that supersede nations, states, and [previously] sovereign borders.
We may have experienced a taste of what's coming over the past weekend when the Spanish government told striking airline workers, "Go to work or go to prison!" The Spanish army controlled the airports in Spain and instilled fear in the striking workers. As we saw, most of the workers complied and hurried back to work like the owned slaves that they are.
There is no doubt in my mind that if the U.S. government did the same, a very high percentage of the people would groan and quickly comply. They are owned.
This is what the world governments and international corporations have long sought; a dumbed-down, compliant, easily-controlled and manipulated populace. |
