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How the economic disaster was engineered - Wrecking the American Dream
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10-07-2010, 05:18 AM
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newpiknicker
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How the economic disaster was engineered - Wrecking the American Dream
This is a good article
here are some quotes:
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In stark terms, Fitts says it's more than just "a process designed to wipe out the middle class. This is genocide (by other means) - a much more subtle and lethal version than ever before perpetrated by the scoundrels of our history texts."
It's a government-business cabal for enormous profits through "legislation, contracts, regulation (or lack of it), financing, subsidies," and massive handouts to Wall Street favorites. Carefully rigged for powerful elitists, the public is so cleverly harmed that few understand what's happening - literally that their livelihoods, welfare and lives are being destroyed in real time. The America older generations knew no longer exists, the dream of millions wiped out, and it's also happening throughout Europe.
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In his September 30 article titled, "The Neoliberal Experiment and Europe's anti-Austerity Strikes," Michael Hudson explained sinister plans "to drastically change the laws and structure of how European society will function for the next generation. If (successful, they'll) break up Europe, destroy the internal market, and render that continent a backwater. This is how serious the financial coup d'etat has become. And it is going to get much worse - quickly....The bankers are demanding that (governments) rebuild their loan reserves at labor's expense." It's also Obama's scheme, shifting greater wealth to the rich, impoverishing the rest.
Throughout the West, neoliberals are in control. "From Brussels to Latvia, (they) aim to shrink their economies to roll back wage levels by 30 percent or more - depression-style levels - (for) 'more surplus'....to pay in debt service," tribute to global bankers, turning Europe "into a banana republic." It's also planned for America.
"This requires dictatorship." Labor is targeted for destruction. "Europe (like America) is entering an era of totalitarian neoliberal rule." So-called "free markets" aren't possible without it. But wait - "This is economic suicide, taxing labor, not the rich, and at the same time "slash(ing) wages and pensions, cut(ting) back public spending and employment, and shrink(ing) the economy," turning Western societies into dystopian backwaters, a dark future unfolding in real time.
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On September 18, Obama explained it when he told the Congressional Black Caucus, "You didn't elect me to do what was popular. You elected me to do what was right," his hidden message meaning populism will be sacrificed for privilege. As a result, expect lots tougher times ahead because political leaders plan it - wrecking the American dream for business at the public's expense unless enough outrage erupts to stop it.
OpEdNews - Article: Wrecking the American Dream
http://www.stormfront.org/forum/t747054/
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