As we watch the vultures descend from the upper reaches of the power pyramid to pick over the carcass that once was Detroit, it occurs to us that this serves as a textbook example of the ever-accelerating strategy employed by the .000001% to steal all natural and manufactured planetary assets (the fruits of our labor), as well as serving as a cautionary tale for Coloradans and the rest of the world.
If The New York Times had its way, Detroit would be just one more example of a rust-belt metropolis that failed to see the writing on the wall of U.S. manufacturing's tomb. But the Times is hardly a credible source of analysis:
News is what somebody does not what you print. All the rest is advertising. --Lacuna (pen name), from December 14, 1937 edition of The Motor, "You’ll Be Interested To Know," Page 917, Column 1, Publisher Sutton, Surrey, Specialist & Professional Press, UK.
Take it from one of the biggest vultures: the Times is nothing more than the public relations department of the corporate state, the so-called New World Order:
"We are grateful to The Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. We would have found it quite impossible to develop our global project if we had been subject to the public spotlight during these years. But, the world has grown more sophisticated and willing to move towards a global government that no longer knows war, but only peace and prosperity for all of humanity. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national self-determination practiced in past centuries." --David Rockefeller, June 5, 1991, in an address to the Bilderberger meeting in Baden Baden, Germany (a meeting also attended by then-Governor Bill Clinton), as reported and translated from the September, 1991, issue of the Monte Carlo-based Hilaire du Berrier Report (also reported elsewhere in the French press, including Minutes, June 19, 1991, Lectures Francaises, July/August, 1991). Mr. Du Berrier closely followed and chronicled the activities of Bilderberg and its overlapping groups, for over four decades.
In the world of economics, what the Times prints is the jingle of neo-liberal pseudo-economics, an academic and public policy niche that pays very well for the most sophisticated and alluring obfuscations. Clearly, the economics profession is owned and operated.
On the other hand, our shadow analysis runs like this:
1. The principle objective of global capital is profit, and acquisition of the power that enables it. ("Give me control over a nation's money and I care not who makes the laws." Meyer Amschul Rothschild)
2. Global capital has no allegiance to nations. (see Rockefeller quote above)
3. Maximizing profits means acquiring cheaper labor and resources, while forcing lower taxes.
4. Global capital controls the creation of money and the regulation of credit, as well as all key corporations, governments, and markets, and manipulates these levers to maximize profits.
But the financiers' designs on Detroit's assets did not end with the outsourcing of jobs to the third world; after all, there are so many ways to steal and so much to steal.
After using Lehman Brothers as the false flag economic event to provide an excuse to choke lending in 2008--thus shrinking the U.S. money supply by $3 to $4 trillion and destroying the tax base for the cities, counties, states, and nation--the financiers reloaded their largest commercial and investment banks with near-zero interest loans from the Fed (over $16 trillion of short-term loans in one 18-month period, i.e., greater that the U.S. national debt of 237 years), and began buying the assets they most covet.
Bereft of income, cities, counties, states, and nations are being forced to sign up for draconian bail outs, as well as the sale of their assets and the privatization of their public services accompanied by obscene profiteering, all in the name of long-term indebtedness to the banks. (Here is Richard Wolff's take on how Wall Street bankrupted Detroit.) And let's not forget, Detroit is 83% black and it's a bunch of white lawyers who are stealing its pension fund to pay the banks that set up Detroit with credit swaps and then rigged the market to steal that money as well. (Such racist policies also extend to the suburbs. [1])
In Detroit's case, this includes valuable works of art, which may be worth billions (and which it now appears may be saved by philanthropists; although vulture capitalism is still pursuing the same course of stealing public art), raids on workers' pension funds (and here), as well as city hall and the statehouse. (All of this while lavish spending continues and jobs and benefits are cut.) As to where this will go, it's anybody's guess when an honest judge pops up here and there to counteract the amoral strategies of the banking cartel and their lackeys. Meanwhile, the perpetrators plan for the next round of rape and pillage, even while it can be proved that Detroit has the cash to pay pensions and other debts! Despite this, the pensioners got raked over the coals. The city may have escaped from bankruptcy, but its majority black population is now controlled by the white-controlled state government.
Of course, destroying the tax base is just one tactic (Here's an article on how the Wall Street banks are crippling LA, here's how Rahm Emanuel is privatizing Chicago, and here's how the banks destroyed Baltimore). Selling cities, counties, states, and nations credit derivatives swaps (remember, in a casino, the house always wins, in this case by manipulating the interest rates) and toxic assets (in this case by selling sub-prime mortgages as viable securities and then crashing the economy and the housing market) are another means of creating bankruptcies and enabling the banks to acquire assets at fire sale prices.
Another strategy is to destroy cities and then redefine them, to change the racial power balance. This was done in New Orleans (weather as a weapon) and was proposed in Detroit.
Some cities are fighting back.
Baltimore sues Wall Street over bond riggingOakland sues Goldman Sachs over interest rate swaps (derivatives) that it bought for protection and lost while the market was manipulated
Even a country, here and there, is willing to risk annihilation by bank mercenaries, such as Hungary and Iceland, while others, such as Ireland, remain under the sway of bank owned propagandists.
The odds currently may seem daunting, but we have no choice if freedom is our goal. Recently, laws were put in place (read the article and watch the video) that will enable the big banks to seize your deposits when their latest scam goes belly up.
Yet, despite the attempts by the corporate media to convince us that we are in the minority and powerless, there is still resistance. Today, both Russia and China, as well as Syria, insisted that the chemical weapons used in Syria were fired by the banks' mercenaries (the so-called "rebels"). After so many false flag events in the past decade or so, all of which have allowed the privately owned central banks to destroy almost all the nations--Afghanistan, Iraq, Yemen, Tunisia, Libya, Egypt, etc.--that still owned their own currency and central bank.
While most state and many local governments are controlled by the banking cartel, there is something to be said for going down to the statehouse, county courthouse, or municipal building, looking your "representatives" in the eye, asking them, "Which side are you on?," and demanding that the taxes we pay stay local, to be leveraged in the public interest. Demand that they create a publicly owned bank and take your city's, county's, or state's taxes and put the money in that bank, so the profits are recirculated locally, and not where Wall Street (the banks that own the Fed), the independent City of London financial district, or Basel, Switzerland (Bank of International Settlements) decide they can get the best return through their usual fraudulent practices. If Detroit had been operating a public bank during its heyday, then when automobile manufacturing was shifted overseas, it would have been able to diversify and avoid the fate of typical company owned and controlled towns.
When all is said and done, just like Article I, Section 8 of the Constitution says, money is a public utility that accounts for our labor and its adjuncts (production by machine, computers, robots, and artificial intelligence). The money supply is like an electric power grid: if there's not enough of it, there are brownouts, and when there is too much, there are blowouts; but balancing the money supply, with near-full employment and a steady value for the currency, would be an easy task for our wired society, as long as private ownership over the money supply and credit, as well as usury, are prohibited. (See our previous blog post that serves as our proof of this claim.)
Footnotes:
[1] "As of 2009, six out of seven majority black communities in Michigan with the low fiscal "score" of seven had been taken over by financial managers. None of the 12 majority white communities with the same score received managers. This blatant racial application of the law exposes it for what it is, prejudiced, and has opened the door for the equal protection complaint ..." http://www.truth-out.org/news/item/28170-challenging-bedrock-law-dillon-s-rule-in-detroit-and-beyond
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BOB, this is SPLENDID !
ReplyDeleteas we say, here in the Maritimes : "exactly"
Jerry Ackerman
Thanks, Jerry.
ReplyDelete