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Reply #11: Deficit spending: National absurdity, international gamesmanship, and manipulation by transnational [View All]

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-07-11 07:33 AM
Response to Reply #10
11. Deficit spending: National absurdity, international gamesmanship, and manipulation by transnational
Deficit spending: National absurdity, international gamesmanship, and manipulation by transnational corporations

Analysis: About all that can be said for the major global economies of the U.S., China, the European Union, et. al. is that they are collectively insolvent and engaging in massive interactive fraud, misrepresentation of national financial health, and mutual exploitation.

The U.S. as the overseer of reserve currency is trying to print its way back into solvency and its banks, like Goldman Sachs, have provided the poison pills for EU implosion with their fraudulent derivatives. Europe will not face the facts that it has unsustainable welfare state commitments and that its banks extended credit and covered debt for Greece, Italy, Portugal, Spain, and Ireland (often through private banks in those countries) that were not warranted and could not be paid back...China (the current growth darling) is devaluing its currency, destroying its environment, poisoning its population, experiencing growing unrest, separation of wealth, collapse real estate values, and corruption in governance in the governments effort to maintain unsustainable growth, trade imbalances, and grip on autocratic power...The real threat, however, to the global economies is not nation against nation but transnational corporations allied with so-called ruling elites against 99% of us. This alliance is intentionally playing nations against each other in an effort to control, maximize, and concentrate parasitic wealth in the hands of a global few at the expense of productive middle class citizens.

There has been no better evidence of this than the eerie world-wide cover-up and bailing out of derivatives and bank fraud, the non-prosecution of hundreds of thousands of confirmed cases of forgery over private property conveyance (United States), the hollowing out of national revenue and well-being through austerity (Ireland), and the stripping of national assets and sovereignty (Greece with more to come). Bought and sold has acquired a whole new level of meaning.

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