Wall Street Is At It Again! This Time It's France!
By Timothy V. Gatto
13 December, 2011
Countercurrents.org
I’ve been doing a lot of thinking lately. Now I’m no economist, but I’ve learned enough in the past few years that convince me that we are all getting screwed royally. The other day I wrote an article about Bernie Sanders (I-VT) who was introducing a Bill in the Senate to amend the Constitution. Now I was happy that someone was paying attention to where the problems in this country are really coming from.
Now it is a few days later and I am realizing that Bernie Sanders’ introduction of an amendment to the Constitution will probably be received as well as all the bills that Dennis Kucinich (d-Oh.) introduces. In other words this Bill will go absolutely nowhere. Other people in Congress will treat this Bill like people in the middle Ages treated plague victims. Taking personhood away from corporations with a Senate like we have now will go absolutely nowhere.
Now the banks in United States are inundating France with credit default swaps. France has more credit default swaps was than it ever had in its history. This is being caused by investors from America and the UK. According to Max Keiser from RT the Americans and the Brits know exactly where the bodies are buried in France, and know just what assets their betting against. This is a type of financial warfare that these two countries are waging against France. The trouble with this is that they are extracting the wealth from France the same way they extracted it from America. Is Wall Street betting against all European toxic assets? I imagine they are. This is the same casino game that they played here in America with CDS.
When France goes down the euro goes down or is entirely eliminated as a as a currency. If this happens, the EU goes down and a Global meltdown starts.
“The raging European monetary collapse will ripple through America’s banking system, completing the 2008 meltdown that never ended because Wall Street fought all reforms. But now, a bigger meltdown as history repeats a dangerous cycle like the 1929 Crash and Great Depression. History will also deal a fatal blow to Wall Street. Martin Weiss adds a key warning: No bank bailouts. America’s banking system is bankrupt, structurally and morally. Washington is broken. And thanks to the Occupiers Revolution the masses will never accept new bank bailouts. Never. They’ll toss politicians and overthrow government first. No new bailouts will be the stake in the heart of Wall Street, ending the ‘greed is good’ power of America’s ‘bloodsucking vampire squid,’ handing the Occupiers new political power in Washington.” – Market Watch.
This will bring us to a catastrophic meltdown that will eventually bring this whole house of cards down. The question I have, is the government propagating this by keeping the interest rate down at 0% to let the big investment houses continue to suck the wealth out of France to the detriment of its own citizens? Is this why they added the provisions to the NDAA to make the U.S. a “battlefield” and have the Army arrest “terrorists” and try them by a military judge? Is the nation readying us for an economic collapse that they are fostering by allowing cheap money to be available for the elite? Are we to take another economic hit while the rich in this country get richer?
This is nothing short of criminal. Ben Bernake should be removed at once for allowing cheap money to be available to his banking friend’s in the investment houses. This is just another reason he should be removed. He should have been removed a long time ago. Ben Bernake and Timothy Geitner continue to use the Federal Government as a crutch for Wall Street hooliganism. When Europe collapses, in the aftermath, how will life be for American citizens? When this becomes common knowledge and Americans realize that the government was in league with the investment houses, how will they take that information? Most Americans have no idea of what is happening in the World financial sector. Even common investors that know the market have no idea of what the big investment houses are doing overseas. Our ignorance will be our downfall. Americans are asleep and have been for a long time. It’s about time that they awaken and smell the coffee. The time for a little critical thinking is now.
The truth is that at this point, even if this country woke up and saw the games that they continue to play on Wall Street, it’s probably too late. They are sucking out the last drops of wealth from France as you read this. When the economy goes belly up, you will know who was responsible. When that happens and the people get wise, what do you think they’ll do? Who do you think that they will blame? What do you think will happen? Again they will be suffering as the wealthy get wealthier and the economy goes to shit. Is this the basic reason they declared the US a “battle zone” in the NDAA?
Everyone has to figure this out by themselves. I’m just telling you what they are doing. I’m going to my Occupy meeting tomorrow. I figure it’s the only chance we have of getting this country right. It’s high time we eliminated the Fed and had our own national no-interest or low-interest banking system. They are dragging us down to grease the skids for the elite. I don’t know about you, but this really ticks me off, and I’m putting that mildly.
[email protected] Read Tim's Books, Kimchee Days and From Complicity to Contempt at all online Book-dealers.
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