The savior of western civilization?December 28, 2007
Expect to hear a lot about “sovereign funds” in the near future The financial industry is on the verge of collapse. Losses from sub-prime loans could exceed the entire American banking industry’s capital base. With such a terrifying prospect looming on the horizon, it’s no surprise bankers have their eyes on the world’s last pot of gold — sovereign wealth funds. Other nation’s foreign exchange reserves may just be the last untapped source of investment capital left in the world. Globally these funds run into the trillions and many nations are beginning to copy the successful model pioneered by Singapore many years ago. Opinions vary on whether these funds will be sufficient to save the US dollar (yes, no), but they may be sufficient to save the banking sector. Morgan Stanley got $5 billion from China, UBS got $9.75 billion from Singapore, Citibank got $7.5 billion from Abu Dhabi and further investments are likely. The banks are paying a high price for these risky investments, but considering their alternatives are quite limited, they may not have any choice. There is risk associated with these deals. Nobody really understands how they affect national security or whether foreign central bankers will now be given the green light to intervene in the equity markets just as they already do in the currency markets (ie. price fixing). My biggest concern is whether the bankers will see this temporary fix as a permanent solution and continue to engage in the same duplicitous and irresponsible behavior that caused this crisis in the first place. If they can continue to find ways to bail themselves out, this process may continue until one day there is no money left and not only have they brought down the financial sector, but the foreign exchange reserves of every nation on earth. If fascism is the perfect merger of government and business, what would you call this? What will these countries do to preserve their power when these investments go sour?
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“One if by Land and the Lantern is Lit…”
Our Constitutional Republic has been destroyed. The foundation of American Liberty has been either distorted, erased or forgotten. Our entire planet is ruled by an oligarchy of established bankers, oilmen and global corporations. We the People find ourselves enslaved and intoxicated by an economic system that by design, destroys the prosperity, development and education of the World’s Citizenry.
The Federal Reserve and its fiat monetary policy need to be abolished. The unconstitutional (and enslaving) 16th Amendment needs to be repealed. Congress needs to listen to the people and convene an Article V Convention so we may work towards restoring the Constitutional Republic that our “elected” officials have stolen from us and sold to the highest bidder within the corporatocracy.
Our government is allowing the corporate elite to successfully merge Canada, Mexico and the United States into a single supra-national entity, the North American Union - complete with its new currency the “Amero”, which will be ushered in just after the fabricated collapse of our economy. The fascist Tories within our government are working towards another false-flag attack similar to 9/11 to “justify” an attack on Iran and the further erosion of our civil liberties in America.
A Halliburton subsidiary, KBR has already been awarded a $385 million contract to construct “detention centers” in the United States. Any puppet President of the United States now has the power to enact martial law and fully transform America into a police state. The conditioned-complacent public in this country and all the World’s Citizenry need to act now to save what few liberties we have left. Rediscover Patriotism. Resurrect Dissent. The time has come to ascend upon Washington and RESTORE THE REPUBLIC!