As mentioned above , economic growth can not continue forever on a finite planet. It is evident that the paradigm of capitalism / growth must come to an end sooner or later. Based on these facts, many analysts have been predicting the collapse of civilization. Some even see this as a good thing, an opportunity to build a new society right from the start.
These analysts either do not understand the extent to which power is centralized in the world today, or assume that those inpower are blind and stupid; Money Gods are not. They have been planning a successor to the paradigm of growth since the creation of the Club of Rome in 1968, if not before. Instead of letting capitalism will collapse by itself, they have organized a controlled collapse, so they can forge a result of their own choice.
The financial collapse of 2008 did not happen by accident; was a project designed by the Gods of Money. There will be no recovery of collapse because there is no intention of recovery. Instead of an activity - based market economy, we will have a micro-economy managed globally, as presages the widespread deployment of 'smart meters'. The lessons learned from the Soviet experiment be applied globally.
The rationale for the project collapse of 2008 was the establishment of the rule 'price-of-market', also known as Basel II. This was an edict from the Bank for International Settlements (BIS), the central bank of central banks, based in Basel, Switzerland.This rule requires banks to value their assets according to what could be sold immediately in the markets.
Which it means that a temporary drop in some asset values deflate the value of all related assets. This worries some in the markets higher, but in any kind of serious crisis can make a bank becomes insolvent unnecessarily. Markets fluctuate and banks routinely cope blows values. The rule of 'price-to-market' means a market coup survival can become a derailment: a time bomb was placed in the global financial system.
With this pump in place, the stage was set for demolition project. The first step, organized by agents of Wall Street of the Gods of Money, was the repeal of the Glass-Steagall Act in the US .. This gave Wall Street the freedom you need to continue with the rest of the project. After , credit lines were opened worldwide, creating all kinds of loans that could never be repaid, especially in the US housing market. These bad mortgages were grouped into derivatives and phony insurance was attached to derivatives is puediera give a triple-A rating. These toxic derivatives were marketed aggressively in global markets.
A housing bubble had been created; toxic derivatives diversify risk across the banking system, and the time bomb claimed that when the bubble broke out the banking system would be insolvent. In 2008, the bubble burst and insolvencies provided immediately followed. But that was not the worst of it.
If a bank, or any business, becomes insolvent, it makes sense to put the business into receivership and arrange for an orderly disposition of its assets and liabilities. What this means in the case of an insolvent bank is that the bank may be closed on a Friday and re-open on Monday re under state ownership. The bad loans can be given to unsecured creditors and normal banking operations can be resumed. The bank can be operated by the state, or can be sold back to the private sector.
As if this well - known orderly procedure did not exist, the Gods of Money were able to enact a crazy doctrine called "too big to fail." In order to help facilitate this scam, obedient officials and the media claimed that banks were not suffering from insolvency, but it was only a temporary liquidity crisis. Based on this lie, a demented bank rescue program was launched.Because the banks were insolvent, governments could not meet its obligations assumed under false pretenses rescue. Since ransoms were demanded, governments were forced to borrow to meet them. The Gods of Money governments were now exactly where they wanted.
The result, as expected, was the transformation of bank insolvency in the insolvency of the government. Governments have their necessary loans, but with onerous conditions -. The same type of conditions the IMF had set borrowing countries 'third world' for decades Instead of banks in receivership, governments were forced the suspension of payments, starting with those with greater exposure rescue - Portugal, Ireland, Greece and Spain.
The Gods of Money sent their agents (troika) to these countries, taking control of national budgets. A regime decreed austerity, ensuring that there can be no economic recovery, and began a massive sale of national assets - at bargain prices. Countries likeFrance and Germany have been economically strong enough to survive the initial assault, but as the global economy continues todeteriorate they too will eventually be drawn into the trap of insolvency. The more you try to save the Eurozone, more mired in debt will be. The USA. It is already in debt over his head, partly by financial bailouts, and partly for their own reasons, such as military overexpansion.
Throughout the West it is being created the following scenario: instead of sovereign nations that operate according to market forces, we have nations that will be owned by the Gods of Money, which operate on the budgets allocated by central banks.The goal of the central government has been in practice achieved through debt, and a system of micro-economic management will also be achieved, as has already happened in the weakest economies.
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