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Want the truth…The Real Economy? Ookaay! March 3, 2009

Posted by tetrahedron in Uncategorized.

Financial manipulation is an integral part of the New World Order. It constitutes a powerful means to accumulate wealth through this, hyper-inflationary delusion. 

Under the present political arrangement, those responsible for monetary policy are quite deliberately serving the interests of the financiers, to the detriment of working people, leading to economic dislocation, unemployment and  mass poverty. This article has focused on how financial manipulation has served to shatter the structure of US public expenditure.   

This restructuring of global financial markets and institutions (alongside the pillage of national economies) has enabled the accumulation of vast amounts of private wealth – a large portion of which has been amassed as a result of strictly speculative transactions. 

This critical drain of billions of dollars of household savings and state tax revenues paralyses the functions of government spending and spurs the accumulation of a public debt, which can no longer be be financed through the emission of US dollar denominated debt. To understand what has happened:  follow the money trail of electronic transfers with a view to establishing where the money has gone. 

What we are dealing with is the fraudulent transfer and confiscation of lifelong savings and pension funds, the fraudulent appropriation of tax revenues to finance the bank bailouts, etc. The monetary system, which is integrated into the State budgetary process has been destabilized. The fundamental relationship between the monetary system and the real economy  is in crisis. 

The creation of money “out of (Notebook school paper)… thin air” threatens the value of the US dollar as an international currency. Similarly, the financing of a mammoth US budget deficit through dollar denominated debt instruments is impaired as a result of exceedingly low interest rates. Moreover, the process of household savings is undermined with interest rates close to zero. 

What we have dealt with in this article is one central aspect of an evolving process of global financial collapse. The international payments system is in crisis. The economic prospects are terrifying. Bankruptcies in the US, Canada, the European Union are occurring at an alarming rate. Country level exports have collapsed, leading to a contraction of international trade  Reports from the Asian economies indicate a massive increase in unemployment. In China’s Pearl River basin in Southern Guangdong province’s industrial export processing economy, some 700,000 were laid off in January. In Japan, industrial output has collapsed by more than 20 percent since December. In the Philippines, a country of 90 million people, exports collapsed by more than 40 percent in December.  

Financial Disarmament

There are no solutions under the prevailing global financial architecture. Meaningful policies cannot be achieved without radically reforming the workings of the Internationale banking system. 

What is required is an overhaul of the monetary system including the functions and ownership of the central bank, the arrest and prosecution of those involved in financial fraud both in the financial system and in governmental agencies, the freeze of all accounts where fraudulent transfers have been deposited, the cancellation of debts resulting from fraudulent trade and/or market manipulation.  . 

People across the land, nationally and internationally  must mobilize. This struggle to democratise the financial and fiscal apparatus must be broad-based and democratic encompassing all sectors of society at all levels, in all countries. What is ultimately required is to disarm the financial establishment: Source: Michel Chosssudovsky.

-confiscate those assets which were obtained through fraud and financial manipulation. 

-restore the savings of households through reverse transfers 

-return the bailout money to the Treasury, freeze the activities of the hedge funds. . 

– freeze the gamut of speculative transactions including short-selling and derivative trade.

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