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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Best of Andy Sutton
November 15, 2011
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Early last December, I wrote a piece entitled ‘Crisis or Coup?’ in which the anatomy of the 2008 financial crisis was analyzed in further detail and some conclusions drawn. These conclusions were drawn based on facts and actions, not opinions. It was obvious at the time that the USFed and our own government were acting not in the best interests of the people, but rather in the best interests of banks and large corporations. Crony capitalism, as it has often been called - where profits are kept and losses are written off or passed on to the ‘Plebeians’ of a particular society - ramped into high gear in the US. Remember the fact that the absurd financial structure that is in place was the ‘solution’ to a crisis, which had the fingerprints of the solution providers all over it.

Fast forward one year and the same mechanism is firmly in place again and working very well – this time in Europe. Again, the abuse of debt has been the main villain. Couple that to greed, avarice, and unlimited access to power and you’re going to have problems. EU2010 is no different than USA2008 on a fundamental level. The only difference is the consumer-driven side of the Eurozone didn’t cause problems first – the sovereign issues roared to the forefront.

And what is happening to those leaders in the countries that are balking what are essentially multiple coup d’ etats? They’re summarily dismissed. George Papandreou in Greece has been replaced by Lucas Papademos, a rabid central banker (ECB). Silvio Berlusconi in Italy is out, replaced (likely) by Mario Monte, a guy who has all sorts of insidious connections to the Rockefeller/Rothschild global banking syndicate. Aka, the same syndicate that is gutting America through its creature from Jekyll Island, the federal reserve system itself.

So two countries’ leaders toppled, and what of Portugal? Interestingly enough, Portuguese President Anibal Cavaco Silva has evidently learned how he is supposed to behave from the demise of Berlusconi and Papandreou. He is now a card-carrying water carrier for the syndicate. Check out his quote made on 11/10/11:

“The European Central Bank has to go beyond a narrow interpretation of its mission and should be prepared for foreseeable intervention in the secondary market, not as the central bank has done up to now,” Cavaco Silva said yesterday in an interview at Bloomberg headquarters in New York. He said government leaders are unlikely to move fast enough to find solutions.
“It has to be able to be a lender of last resort,” said Cavaco Silva, 72, who as Portugal’s prime minister presided over the 1992 signing of the Maastricht Treaty, which cleared the way for the euro common currency. “It has to be a foreseeable, unlimited intervention.”
The coup in Portugal has been effectively completed. Some people may question why I use the term coup d’ etat. The term essentially means takeover of a formerly sovereign nation in the context we most often see it in. Oftentimes, coups are military in nature with a rebel force conducting a coup to remove an existing government. Well, a financial coup is along the same lines where the control of a country’s financial system and/or its economy is taken from the people of that nation by a banking cartel or syndicate. The very creation of the EU itself was a mini-coup since those countries that entered gave up a large portion of their sovereignty and put their destiny in the hands of a regional government and central bank. These countries could no longer issue their own debt and when things got bad, then couldn’t maneuver, and are now at the whimsy of international banksters.

Don’t forget what Silva is really saying above, either. By making the ECB the lender of last resort, what he is advocating is that the ECB becomes owner of the failing countries within the Eurozone. This is precisely what is happening in America now: that the federal reserve is openly monetizing USGovt debt. Few take the next step and make the admission that in doing this, the federal reserve is becoming an owner of this country – and it is getting a larger share with every bond it buys. And all this happens with the blessing of the US Congress and various Parliaments in Europe. The dominoes are falling one by one into the complete financial and economic control of international bankers. These are men without a country, but men who seek to dominate all countries.

One thing forgotten in all this is that the USA is indeed headed for the second stage of its continuing financial crisis, this time in the form of a sovereign debt nightmare that will make 2008 look like a game of Monopoly. No doubt there will be calls for the federal reserve to again be the lender of last resort and another chunk of America will fall to the syndicate. These nasty cycles will continue until it is all gone. Sounds pretty gloomy doesn't it? Just look at what has happened so far and then ask yourself if we’ve turned in another direction or are just headed for more of the same.

At the end of the day, hopefully we will all come to realize that we can gripe all we want about what has taken place thus far and what is to come, but sooner or later we are going to have to own up to the fact that we allowed it. Bankers couldn’t have packaged hundreds of billions of dollars of junk mortgage bonds and leveraged it up 40:1 if people who had no business buying a house hadn’t done so. Sure the system enabled it all, but I have not heard a single case of an American citizen having a gun put to their head and being forced to buy a house or participate in some other sort of largesse.

We have allowed our elected officials to cede our national sovereignty to bankers while we argue about steroids in baseball, American Idol, and the fate of various Hollywood lawbreakers. We were so busy swiping our credit cards that nobody paid attention to the fact that our government was doing the exact same thing – on a grandiose scale, its ego writing checks that the people of this country can never pay.

We did it all voluntarily. So have the Europeans. Nobody was complaining when the welfare state was in full swing and sloth and laziness were incentivized on a regional scale. Nary a word was said when exceptions were made so that Greece could enter the EU in the first place. Nobody paid any attention when it became obvious several years ago that the numbers weren’t adding up. The whole EU was too busy partying.

I’d like to leave you with a quote from a wise man in American history – Thomas Jefferson

“The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.”