Edited by Between Two Worlds
Daniel Estulin
THE ECONOMY
If we were living in the real world, the headline that best describes the current financial situation would read: The end is near. We are in the middle of an economic financial meltdown. For Bilderberg high-financial managers, the problem is how to postpone defaults for as long as possible and then to bail out, leaving governments (taxpayers) holding the bag, taking over the obligations of insolvent debtors. With an overwhelming cross section of the world's population against it, the trick is to override democratic politics.
As Bilderberg agrees, for this to happen, economic policy must be transferred from elected government bodies to those of financial planners, making the economy entirely dependent on them, with public borrowing creating an enormous risk-free market for interest-bearing loans. This explains what George Ball, the then Under-secretary for Economic Affairs with JFK and Johnson said back in 1968, at a Bilderberg meeting in Canada: Where does one find a legitimate base for the power of corporate management to make decisions that can profoundly affect the economic life of nations to whose governments they have only limited responsibility?
This is how financial oligarchy replaces democracy. The role of the European Central Bank, IMF, the World Bank, Bank of International Settlement, the Federal Reserve and other financial oversight agencies has been to make sure that bankers got paid.
The problem with today's system is that the world is run by monetary systems, not by national credit systems. If you are smart, you don't want a monetary system to run the world. You want sovereign nation-states to have their own credit systems, which is the system of their currency. Above all, the possibility of productive, non-inflationary credit creation by the state, which is firmly stated in the US Constitution, was excluded by Maastricht as a method of determining of economic and financial policy.
Now, in Europe, that can't be done because the governments are subject to control by private banking interests called 'independent banking systems,' and are blocked constitutionally from creating credit for governments. These institutions have the power to regulate government, and to dictate terms to government. Think about this institution within this European edifice called ECB. It tries to function like a European independent central bank, which has no government.
There is no government. There is no nation. It's a group of nations run by a private bank.
The supposed independence of the Central Bank is the decisive control mechanism for private financial interests, which historically in Europe has been installed as an authoritative instrument against an economic policy of sovereign governments oriented towards the General Welfare. European banking is a remnant of a feudal society, in which "private interests" as typified by ancient Venetian cartels or by the Lombard league, which went down in the Dark Age in the 14th century.
CONCLUSION
What we have today is not a liquidity crisis, but an insolvency crisis. The United States is now $14.3 trillion in debt.
Plus, the government is running up a trillion-dollar deficit for the third straight year, something no country in the history of the world has ever done.
There is a confirmed double-dip in housing market with prices plummeting more than during the Great Depression and a fresh rollover in bank stocks, with companies like Bank of America and Citigroup giving up every penny of gains they've made in the last two years, but it is not only Bank of America and Citi, it is every financial institution in America.
From Wells Fargo and JP Morgan Chase and beyond, the system is imploding: banks, financial markets, bond markets, housing markets. And now, we can add the United States to the list of bankrupt nations. The US dollar has lost 12% of its value in one year. And China, for the first time, has become a net seller of US treasury bonds. What it means is that the bond bubble is about to explode, and when it does, take a front row seat and enjoy the fireworks. This is once-in-a-lifetime opportunity.
The Bilderberg Group is not the end, but the means, to a future One World Company Limited. This organization has grown beyond its secretive beginnings to become a key nod in the decision-making of the elite. The ultimate goal of this nightmare future is to transform Earth into a prison planet by bringing about a single, globalised marketplace, controlled by One World Company, financially regulated by a World Bank, and populated by a dumbed down population whose life's needs will be stripped down to materialism and survival "work, buy, sex, sleep" all connected to a global computer that monitors our every move.
And it is becoming easier because the development of telecommunications technology, together with profound advances in present-day knowledge and new methods of behavior engineering to manipulate individual conduct are converting what - in other epochs of history were only evil intentions - into a disturbing new reality.
Each new measure viewed on its own may seem an aberration, but a whole host of changes, as part of an ongoing continuum, constitutes a shift towards total enslavement.
And as we watch the world go to hell in a hand basket, we find ourselves at the crossroads. The road we take from here will determine the very future of humanity and whether we will become an electronic global police state or remain free human beings.
Remember, it is not up to God to bring us back from the new Dark Age, it is up to us.
Forewarned is forearmed.
Read the whole article:
http://www.activistpost.com/2011/07/daniel-estulin-bilderberg-2011.html
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