When the Empire crumbles.....
It's no secret that the Federal Reserve, the private banking corporation which has been holding America hostage for a hundred years now, has been printing money like they're trying to wallpaper the world with it. This has done nothing to help the real economy, but has allowed banks and corporations to go on massive borrowing binges. As Mike Whitney writes, "the Fed’s lamebrain monetary policy has returned us to Square 1, the same place we were 5 years ago when the roof caved in and the whole bloody financial system came crashing down in a heap."
And for some unfathomable reason, Congress has allowed Wall Street to operate in exactly the same way as before the crash, only worse! Pam Martens of Wall Street on Parade notes that the USG "still has no idea what the biggest banks on Wall Street own or what threats those black holes of information pose to the national economy. This lack of transparency, combined with the failure of the 2010 Dodd-Frank financial reform legislation to, as yet, impose restraints on speculative trading (Volcker rule) and position limits on trades, renders the Wall Street of today even more dangerous than the Wall Street of 2008.
The exponentially greater danger of Wall Street today results from the harsh reality that the U.S. can no longer financially afford another bailout given the size of the U.S. debt and the mushroomed balance sheet of the Federal Reserve – both inflated because of the last Wall Street blowup."
The refusal to regulate Wall Street and the Banking shysters will again come home to roost, but this time it will be way more catastrophic. My guess is that when it does, gov-corp will then allow the banks to seize at least some of the funds in consumer bank accounts (as has happened in some other countries), and then go straight for what remains of public resources, such as our Social Security which we have paid into for decades.
Again, the priority will be on bailing out international banksters and Wall Street to the extent possible. The rest of us will be on our own. And that's when the shit is really going to hit the fan. Once people realize how they've been completely robbed, betrayed, and fucked over six ways from Sunday, people and their rage will explode. I have a hunch that this is what all the government stockpiling of weapons and ammo is about, and why DHS has militarized local police departments nationwide. Why there are large FEMA camps sitting empty, but fully staffed and ready to go. Why American troops have been deployed domestically. It's for us, we the people - we are now seen as the enemy. The ammo and weaponry is for use on us. Because when the jig is up, the PTB know who we will be going after.
Whitney goes on to aptly describe the current economy we face:
"What a sick, twisted system. 12 million people can’t find work, wages have been stagnant for over a decade, 47 million people are on food stamps, household income is down more than 8 percent since 2000, consumer spending is on the ropes (personal spending rose a meager 0.1 percent in July), the homeless shelters are bulging, the food banks are maxed out, and the unemployment rate just dropped to 7.3 percent because–get this—another 312,000 workers threw in the towel and gave up looking for a job altogether. Get the picture: The US economy is in the shitter!
Meanwhile–while the financial system teeters and the country goes to hell– the geniuses at the Central Bank keep juicing the money supply and boinking rates to help their rich slacker friends get richer still. What a racket."
What a racket is right. I'm also reminded of that game we played as children, Musical Chairs. Just as in that game, the system is designed so that 99% of us will be left without a chair in the end. Where will you be when the music stops?