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The Show is On A Coherent View of the Global Financial Plan

09 Dec

In case you were confused about where we are headed or what the plan is – [some may require  review of the BIS, banking families, origin of the FED  and chain of command in the international banking cartel] in its now imploding daisy chain in the re-hypothecated madness of the UK/EU meltodown in order to appreciate all the details in this piece.

Some will get it directly, having already done such research.

The ShowTime

By Parwaiz Khan

BIS BootWe are officially in The Era of Change for quite some time now. The Change is well entrenched in all facets of our lives. Though the full effects and implications of The Change have a couple of more years to fully trickle down in our socio-economic fabrics, the pointers are already in place to afford us the peek into the future – our future.

This is the Change that has been passing through various implementation phases since early 1990s. President Obama has simply been the announcer of The Era of The Change as it was finally ready to dawn upon us. In this New Era, the people have been demoted from their formerly assigned status of the consumers to the spectators. And, in our new role, there is not much that we can do except enjoy the drama unfolding in front of our eyes. Consider it The Showtime. And, as for the price of the show – no need to worry, we have the rest of our lives and the coming generations to pay.

The Price of The Show

This is The Show of enormous proportions, so is the price.

The total of all Federal debts and unfunded obligations has crossed the $83 trillion mark – that is about $807,950 per US household (a household is defined as a four person unit) – Add to that the expected cost of The Bailouts, The Stimulus packages and the trillions in budget deficit of another $24 trillion – and you hit the bulls eye at $107 trillion in national debts and liabilities – Spread over to all the American households at more than $1,427,000.

But, here is the silver line; no need to worry about your petty little personal debts!

And, The Show

Trillions of US dollars have been given to the banking and financial giants under the pretext that it will jump start the economy by easing the credit flow. Credit is as tight as it could ever be. Essential businesses, new ventures in high-tech and alternate energy industries and manufacturing are getting suffocated under the further tightening of money supply by the same Banks and Financial houses who have milked the nation of trillions of new money.

President Obama’s highly touted “Home Affordable Refinance Program” that was funded with a paltry 75 billion dollars, is faulted at its very core. The homeowners who most needed the help have been delibrately left out from benefitting from the program. Foreclosure are going full blast ahead with no relief in sight. Millions of working American families are homeless and destitute with millions more families are in line to join “The gone sour American Dream”!

The process of obtaining a residential home mortgage has been made so difficult and expensive that a very large percentage of prospective buyers cannot afford to buy a home. This tightening of loans and an ever increasing overhang of the foreclosed homes are further depressing an already suppressed real estate market.

In May 2009, the banks foreclosed on 321,480 homes in the United States. That brings us to about a million homes seized by banks between March and May alone, with several million more people joining the ranks of the homeless in the process. The Senate defeated a measure that would have allowed bankruptcy judges to help homeowners to reduce their principle and lower the interest rates, and so prevent foreclosure. The measure would have prevented at least 1.7 million foreclosures.

President Obama had a great gala presentation of his plan to curb the unwarranted rate hikes by the credit card issuers. Since then American have been seeing an unprecedented spate of arbitrary rate hikes by the credit card issuers – raising the interest rates from less than 7.90% to 19.90% – even for the customers with perfect payment history.

The stalwarts of American industries like General Motors, Ford and Chrysler have been practically decapitated – gone with them the hopes of an industrial and manufacturing revival.

From Michigan to California – the states are in red to the tune of billions of dollars. California is America’s most populous state with 38 million people. Its GDP of $1.8 trillion is the largest in the U.S. The state’s official unemployment rate has surged to 11.5 percent, the worst since World War II (per Labor Department’s broadest measure of unemployment, the real unemployment is well above 19 percent in California). The state faces a stunning $24.3 billion budget deficit, even assuming no significant deterioration in the economy from this point onward.

The entire education system is failing. Schools are decaying and the cost of higher education has gone so high that it is already beyond the reach of most families. But, there is plenty of money for other essential services!

There are billions of dollars for building and maintaining the prisons and detention centers. The U. S. is the world’s largest incarcerator. It holds 2.3 million people in prisons – the largest in the world – larger than the both the China and India combined.

The US spends $214 billion on the police force. Local governments have increased their commitment to criminal justice by 422% between 1982 and 2006. There is no abatement of the trend, despite the financial meltdown.

And, who wants the food over the bullets! According to the data compiled by the National Priorities Project, 37.3 cents of every dollar paid in tax for 2008 went to the military.

But, here is the consolation; we may have let the banksters throw 6 million American families (that is 24 million Americans – including 12 million children) on the street – and we may keep on adding to the street bound traffic, we may have real unemployment crossing the 20% mark but,  We have the largest arsenal of bombs to incinerate the entire Earth to ashes many times over. Dare to argue!

It is the ShowTime for The Spectators. And, the good part is that, since the price of the show is already paid, the Spectators can keep on enjoying the show wherever they happened to be – under the bridges or in the cardboard boxes.

The Directors of The Show

The success of such a marvelous show would not have been possible without the polished sophistication and experience of the directors of this great show. It is time for the Spectators to raise their hats – if any is still left there – in salute to the talented directors who are just coming out from under the shadow of the curtain.

Professor Quigley, who was Bill Clinton’s mentor at Georgetown University, identified these directors long time ago in Tragedy and Hope (1966):

“The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements (BIS) in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”

A former governor of the Bank of England highlighted the role of the Bank for International Settlements:

“The answer might already be staring us in the face, in the form of the Bank for International Settlements (BIS). . . . The IMF tends to couch its warnings about economic problems in very diplomatic language, but the BIS is more independent and much better placed to deal with this if it is given the power to do so.”

At the recent G20 meeting President Obama accepted the role of BIS to let it direct the US corporate, banking and financial policies. BIS will exercise its authority indirectly through a newly morphed Financial Stability Board (FSB). FSB is the upgraded version of The Financial Stability Forum (FSF) that was established in April of 1999. Its job was to promote international financial stability through information exchange and international co-operation in financial supervision and surveillance. Now, the FSB has been endowed with the authority to intervene and dictate fiscal and corporate policies.

The secretariat of the FSB is based at the Bank for International Settlements’ headquarters in Basel, Switzerland!

And, The Direction:

It seems that the coming episodes of the ShowTime will present the scenes showing a completely changed world in which the US will have no role as an industrial and manufacturing power. Consequential parity in wages, productivity and standard of living are going to be the order of the day in the US. The Change is expected to be fully in force by the year 2012. It will be the beginning of The New Era as David Rockefeller proposed in his Memoirs (Random House 2002):

“Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”

Welcome to the New Era. The Show is on.

 

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