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Thursday, January 01, 2009

Time to drive out the Money Lenders


The USA would be fine if it copied a country like Malta; or Switzerland.

The Maltese and Swiss are generally happy and do not waste money on wars.

The Maltese produce interesting beer and the Swiss make interesting cheese.

But, the USA has allowed itself to be run by people with names like Kissinger and Rockefeller.

What do they make?

Drive out the money lenders.

Matthias Chang, at Global Research, 26 December 2008, wrote: The Shadow Money Lenders: The Real Significance of The Fed’s Zero-Interest-Rate Policy (ZIRP)

Among the points made (and this is a very rough paraphrase):

1. There are people we shall call the shadow money lenders, who make their money from lending money.

Wars, including the 'War on Terror', are launched to preserve the shadow money-lenders' political and military power.

The shadow money lenders are involved in financial manipulation.

They control the political leaders.

2. Central bankers can create money and this gives them power.

When there is large spending on armies and wars, lots of money is involved.

But there is always a danger that the system will collapse if people think that the dollars or pounds they hold have become worthless.

In the 1960s, the Vietnam War led to a fall in the value of the dollar.

3. In the early 1970s, Henry Kissinger got the Saudis and other Arab states to push up the price of oil.

The deal was that the oil had to be bought in dollars and the oil profits invested in the USA.

The dollar was saved for the time being.

4. In the 1980s, it was clear that US manufacturing had been neglected and that the Japanese and the Koreans were often more efficient at making things.

The shadow money lenders decided that industries could move to China and that the profits would be invested in bonds in the USA.

This propped up the dollar.

5. From the 1990s onwards, the shadow money lenders encouraged people to borrow vast sums of money and get deeper and deeper into debt.

Various fancy financial schemes were devised to make things look good.

It was like a giant pyramid scheme or ponzi scheme or 'fraud'.

Some bankers became very, very rich.

A lot of people owed too much money, considering their low incomes.

Imagine a family earning $400 a month and having to pay $500 a month in interest.

6. The bubble has now burst.

7. The interest now paid on US government bonds is almost zero.

So the Chinese, Japanese, Europeans and Arabs who have put vast sums of money into US government bonds are earning virtually no interest and they are seeing the possibility of a big fall in the dollar.

The low interest rate also encourages more borrowing and debt.

8. "The Shadow Money-Lenders and its military partner will impose martial law...

"Soon it will be the nationalization of the big corporations like GE, GM, Ford and Chrysler, all too big to be allowed to fail."

9. Henry Kissinger and others have talked of a New World Order.

10. "The shadow money lenders are in a desperate situation and they will start a world war to avoid the collapse of their system."

~~

1 comment:

Anonymous said...

Excellent summary.

 
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