Debt Doesn't Matter When the Rubes Pay 02-29-08 mpg Mouth-to-mouth will fail beached economies A quote...."In the last few weeks, for instance, several Swiss, Japanese, and Korean banks have owned up to billions of dollars in subprime-related losses. Finance was, from the beginning, the cutting edge of the globalization process, and it was always an illusion to think that the subprime crisis could be confined to US financial institutions, as some analysts had thought." - underline by website editor. As has been pointed out in many previous articles posted on this website, America has funded its war splurge by flooding the world with cheap money, leading to massive world wide inflation. But our elites have also financed their wars of aggression by selling trillions of dollars in worthless paper debt to foreign banks across the globe. All the peoples in the effected countries around the world who adamantly DID NOT support America’s wars in the Middle East or our country's attempt to create a Neo-Roman Empire, now have their life savings imperiled and there very economies put at risk . There they were, doing what they were supposed to be doing, working hard, saving for their families, contributing to their nation's growth, building their communities, remaining peaceful law-abiding citizens of the world and a bunch of stupid, moronic, bankers in their OWN countries not only put their hard earned savings in danger. They did so to support a murderous and bloody campaign of world wide conquest by the elites in the United States. The peoples across the world whose life savings might be lost or dramatically reduced because of the American elite's newest Ponzi scheme, involuntarily PAID for the photos at Abu Ghraib prison, paid for over a million Iraqi dead and over five million displaced from their homes, paid for the CIA's world wide gulag of prisons, paid for renditions and torture and horrible deaths for millions of innocents with the dollars many of them literally slaved away for in dingy, dark and dirty sweat shops across the globe. They did so while folks in this country got to enjoy the feeling of pride one gets from "full spectrum dominance" over the rest of the international community, while we strutted about the planet claiming we were the world's sole remaining hyper-power, while people in this country gleefully engaged in a "shop till you drop mentality" for seven long years on America's new found world wide credit card, all the while many Americans sneered at the rest of the world and laughed at all those peons out there working their lives away for cheap pieces of toilet paper known as the American dollar, for worthless securities called CDO's, CMO's, SIM's and other completely valueless synthetic debt instruments. "What a bunch of suckers -- what a bunch of rubes" they'd snicker to each other down there on Wall Street, Main Street and in the hallowed halls of Congress as they contemplated their ill gotten gains. It's all just one big laugh-a-thon joke on everybody including all those "little people" in this country. Cheney was right...."debt [really] doesn't matter", not when you have a bunch of gullible fools to pay the bills for you and your rich friends. The people in the effected countries should round-up those involved in this scam, give them a fair, honest and lawful trial....and then hang every one of them.- mpg |