It is a little remembered fact that the greatest boost in support for the rise of the National Socialist party came not from the
underclasses which was always a minority, but from the more influential
professional class, the petit-bourgeois: doctors, dentists,
accountants, shop owners, and small business owners. They added their
force to the earliest supporters , the industrialists and the monied
interests, the bankers and the industrialists.
This is how the
National Socialists were able to so easily co-opt the medical
profession and educated classes into the early horrors of euthanasia,
sterilization, and then finally extermination of whole categories of
'undesirables.' The middle class thought they could ride the wave, the
will to power, in their greed and hate and revenge, but they soon
learned that madness has no master, consuming all with fire.
This
is how your freedom, your wealth, will be taken from you and your
children, their futures devastated. So it is something with which you
might wish to be familiar, so you can at least explain it to them when
they are homeless in the land their forefathers gave you.
"For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world,Here is a recent essay by Professor Ismael Hossein-zadeh that is worth reading.
against spiritual wickedness in high places." Ephesians 6:12
"Never before has so much debt been imposed on so many people by so few financial operatives--operatives who work from Wall Street, the largest
casino in history, and a handful of its junior counterparts around the
world, especially Europe.
External sovereign debt, as well as occasional default on such debt, is not unprecedented [1]. What is rather unique in the case of the current global sovereign debt is
that it is largely private debt billed as public debt; that is, debt
that was accumulated by financial speculators and, then, offloaded onto
governments to be paid by taxpayers as national debt. Having thus
bailed out the insolvent banksters, many governments have now become
insolvent or nearly insolvent themselves, and are asking the public to
skimp on their bread and butter in order to service the debt that is
not their responsibility.
After transferring trillions of dollars of bad debt or toxic assets from the books of financial
speculators to those of governments, global financial moguls, their
representatives in the State apparatus and corporate media are now
blaming social spending (in effect, the people) as responsible for debt
and deficit!
President Obama's recent motto of "fiscal responsibility" and his frequent grumbles about "out of control
government spending" are reflections of this insidious strategy of
blaming victims for the crimes of perpetrators. They also reflect the
fact that the powerful financial interests that received trillions
of taxpayers' dollars, which saved them from bankruptcy, are now
dictating debt-collecting strategies through which governments can
recoup those dollars from taxpayers. In effect, governments and
multilateral institutions such as the IMF are acting as bailiffs or tax
collectors on behalf of banksters and other financial wizards.
Not only is this unfair (it is, indeed, tantamount to robbery, and
therefore criminal), it is also recessionary as it can increase
unemployment and undermine economic growth. It is reminiscent of
President Herbert Hoover's notorious economic policy of cutting
spending during a recession, a contractionary fiscal policy that is
bound to worsen the recession. It is, indeed, a recipe for a vicious
circle of debt and depression: as spending is cut to pay debt, the
economy and (therefore) tax revenues will shrink, which would then
increase debt and deficit, and call for more spending cuts.
Spending on national infrastructure, both physical (such as roads and schools)
and social infrastructure (such as health and education) is key to the
long-term socioeconomic developments. Cutting public spending to pay
for the sins of Wall Street gamblers is bound to undermine the
long-term health of a society in terms of productivity enhancement and
sustained growth.
But the powerful financial interests and their debt collectors seem to be more interested in collecting debt
claims than investing in economic recovery, job creation or long-term
socioeconomic development. Like most debt-collecting agencies, the
IMF and the states serving as banksters' bailiffs through their
austerity programs may shed a few crocodile tears in sympathy with the
victims' of their belt-tightening policies; but, again like any other
debt-collecting agents, they seem to be saying: "sorry for the loss of
your job or your house, but debt must be collected--regardless."
A most outrageous aspect of the debt burden that is placed on the
taxpayers' shoulders since 2008 is that most of the underlying debt
claims are fictitious and illegitimate: they are largely due to
manipulated asset price bubbles, dubious or illegal financial
speculations, and scandalous conversion of financial gamblers' losses
into public liability.
As noted earlier, onerous austerity measures to force the public to pay the largely fraudulent external
debt is not new. Benignly calling such oppressive measures "Structural
Adjustment Programs," the International Monetary Fund and the World
Bank have for decades imposed them on many less developed countries to
collect debt on behalf of international financial titans.
To "help" the indebted nations craft debt-servicing arrangements with
external creditors, the IMF imposed severe conditions on the way they
managed their economies--just as it is now imposing (in collaboration
with the European and American bankers) those austerity policies on the
debtor nations in Europe. The primary purpose of such restrictive
conditions is to divert or transfer national resources from domestic
use to external creditors. These include not only belt-tightening
measures to cut social spending and/or raise taxes, but also
selling-off public enterprises, national industries, and future tax
revenues.
Calling such fire-sale privatization deals "briberization," the ex-World Bank chief economist Joseph Stiglitz
revealed (in an interview with the renowned investigative reporter Greg
Palast) how finance ministers and other bureaucratic authorities in the
debtor countries often carried out the Bank's demand to sell off their
electricity, water, transportation and communication companies in
return for some apparently irresistible sweetener. "You could see their
eyes widen" at the prospect of 10% commissions paid to Swiss bank
accounts for simply shaving a few billions off the sale price of
national assets..."
Ismael Hossein-zadeh, The Vicious Circle of Debt and Depression: It Is a Class War
Tags:
"Destroying the New World Order"
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