It's Going To Get Uglier

[nattyreb]

From The Ramparts
Junious Ricardo Stanton
It's Going To Get Uglier

"When viewed in a global context, taking into account the instability generated by speculative trade, the implications of this crisis are far-reaching. The crisis, however, has by no means reached its climax. It could potentially disrupt the very foundations of the international monetary system. The repercussions on people's lives in America and around the world are dramatic. The crisis is not limited to the meltdown of financial markets, the real economy at the national and international levels, its institutions, its productive structures are also in jeopardy.
As stock values collapse, lifelong household savings are eroded, not to mention pension funds.

The financial meltdown inevitably backlashes on consumer markets, the housing market, and more broadly on the process of investment in the production of goods and services." Global Financial meltdown by Michel Chossudovsky Global Financial Meltdown

As the nation reels from one announcement after another about the precipitous and rapid decline of the US economic system we need to take stock of what this means to us, not what the mind control apparatus tells us it means. What we are seeing is the implosion of the whole AmeriKKKan way of life. The hubris, genocide, xenophobia, greed, the bullying attitude and the moral rot has spread throughout the body politic to the point AmeriKKKa is terminal. The ruling oligarchy has run the economy into the ground and has foisted the cost of maintaining what is left of it onto the backs of the working poor, lower and middle classes. What we are witnessing as the US morphs into a socialist plutocracy where the sins of the richest few are cunningly scape-goated and the consequences dumped onto the masses as the plutocrats ratchet the system to the point of moral collapse and go their merry way. For a succinct overview of what is happening log onto Global Financial Meltdown and read the article by Michel Chossudovsky entitled Global Financial Meltdown . It is a detailed account of where we are and how we got here.

Once you know how we got here and you are able to discern the ongoing pattern, we can anticipate the coming moves of the plutocracy and hopefully prepare ourselves to counteract them. The recent "bailout" of the system by the US Congress, (which is really a con game, a scam and way to transfer wealth from the masses to the super rich) will not solve the problem. It’s not like the US Treasury absorbing all the bad debts or the establishment of a new Resolution Trust Corporation will heal the system and prevent further meltdown. This system is too far gone, too corrupt and too rotten at its’ core to be saved. The measures taken by the Federal Reserve Bank (a privately owned for profit consortium of banks) , the US Treasury headed by a former Wall Street insider and the US government will not stop the hemorrhaging of the economy, the loss of jobs, the gauging of workers, or the theft of people’s homes and assets. We have reached the point of no return or should I say no reform. "Fascism is the economic system in which a criminal cabal--termed an oligarchy, plutocracy, or ruling class--seizes and misappropriates the powers of the state to enforce the economic domination of privately owned cartels and corporations. As militaristic imperialism is the guise vulture capitalism assumes as it plunders other countries, fascism is predatory capitalism's mode of ordering the entire society to maintain unequal distribution of economic and social power, substituting mechanistic for human values as the basis for civilized order. In its early days, when predatory capitalism faced a world of untapped human and raw material resources, it could for a time allow some amount of monetary and social reward to accrue to workers, without in the least reducing its obscene amassing of profits and power. Thus, the United States experienced relative economic and social expansion after the second world war.

"But the day inevitably comes when the world markets begin to dry up--due to pesky competitors, mindless waste and destruction of natural resources, and the inescapable exigency of too many goods chasing too few consumers. At that point, the only recourse for vulture capitalism is to adopt barbaric annihilation as its basic operating procedure, imposing dictatorial, police-state measures on the domestic population, and plunging the world into a ‘never-ending war’ framework (read ‘war on terrorism’). The inevitable crisis point in the predatory capitalist system now engulfs all nations of the earth. The various major ‘capitalist’ competitors--the demonic cabal that rules America, China's ruthless dictatorship, Russia's fascism, the European Union, Japan, India--are engaged in a deadly struggle for dominance and survival. The criminal American cabal has brazenly announced its policy of attacking any nation it considers to be a threat to its economic or military power--whether that nation has carried out overt acts of aggression or not." We Can No Longer Afford Vulture Capitalism Norman D Livergood We Can No Longer Afford Vulture Capitalism

We are at that point now. We see it in the media as the mind control apparatus programs us to love violence and desensitizes us against compassion and wholesome human relationships. We are encouraged to be uncivil, mean-spirited and ruthlessly selfish. These attitudes carry over into our daily dealings with each other and in our business transactions. Small wonder we are in the shape we are in now. Predatory business practices are the norm. The educational system produces mindless, uncritical automatons who do as they are told and imitate the predatory practices of the ruling elites and media icons. The current financial crisis and the fact the “solution” to it is bailing out the criminals who caused it indicates just how ruthless and barbaric we have become. As conditions worsen and they will because the bailout has not addressed the underlying greed, corruption and fraud nor the trillions tied up in hedge funds or the other components of the "shadow banking industry". This is just the beginning. All the con men will (using their cronies in government) hit us up to bail them out too; at a cost we cannot possibly pay off. The floundering US auto industry and anyone else with pockets deep enough to hire lobbyists to bribe our elected officials or white mail them to get what they want will get in on the swindle. AmeriKKKa had the best system money can buy, that’s no joke! "This has to be orchestrated well in advance. It is necessary to buy politicians and give them a plausible cover story (or at least a well-crafted set of poll-tested euphemisms) to explain to voters just why it was in the public interest to bail out gamblers. Good rhetoric is needed to explain why the government should let them go into a casino and let them keep all their winnings while using public funds to make good on the losses of their counterparties. What happened on September 18-19 took years of preparation, capped by a faux ideology crafted by public-relations think tanks to be broadcast under emergency conditions to panic Congress - and voters - right before the presidential election. This seems to be our September election surprise. Under staged crisis conditions, Pres. Bush and Treasury Secretary Paulson are now calling for the country to come together in a War on Defaulting Homeowners. This is said to be the only hope to ‘save the system.’ (What system is this? Not industrial capitalism, or even banking as we know it.) The largest transformation of America's financial system since the Great Depression has been compressed into just two weeks, starting with the doubling of America's national debt on September 7 with the nationalization of Fannie Mae and Freddie Mac." America's Own Kleptocracy The largest transformation of America's Financial System since the Great Depression By Michael Hudson ***** America's Own Kleptocracy***** : Information Clearing House - ICH

I am not telling you this to alarm you. This is no joke, it is the real deal. It will get uglier in 2009. Despite the bailouts AmeriKKKans will continue to lose their homes, jobs, pension funds and 401Ks. The US economy is not going to get better at least not for working stiffs. Don’t believe the hype, the system is imploding before our eyes and it will impact your pensions, savings and overall standard of living. "Instead of feeling a need to improve the lot of the workers, they now consider it to be to their benefit if conditions for workers are as bad as possible--to force them into the military as cannon fodder for their imperialist wars. They are quite content to see American cities and towns devolve into devastated war-zones racked by unemployment, drugs, and crime. They no longer see a need for them to provide workers even the bare necessities of life. As they see it, they now have their means of amassing obscene fortunes without having to be the least concerned about workers--after all there are billions of laborers in Asia and other parts of the world who are willing to work for the lowest possible pay--serving either as chattel or wage slaves. And it's no longer good policy, as they see it, to ‘reconstruct’ a nation once they've attacked and plundered it--such as Afghanistan or Iraq. After all, their experience with helping to reconstruct Germany and Japan after World War II resulted in those countries having the impertinence to become economic competitors!" We Can No Longer Afford Vulture Capitalism Norman D Livergood We Can No Longer Afford Vulture Capitalism

Best advice, don’t get any further in debt. Look over your finances, cut back where you can and start living sensibly within your means. The goal of the ruling oligarchy is to make us all wage slaves and debt peons, don’t fall for their okey-doke and do it for them. Plan for emergencies: get an alternative power system, batteries, get some food like dried beans and brown rice that will last during a crunch or emergency and begin to form reliable survival networking strategies with your friends, neighbors and family. It is going to get really ugly in the weeks and months ahead.
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