But the powerful financial interests and their debt collectors seem to be more interested in collecting debt claims than investing in economic recovery, job creation, or long-term socioeconomic development. Like most debt-collecting agencies, the IMF and the states serving as banksters' bailiffs, through their austerity programs, may shed a few crocodile tears in sympathy with the victims' of their belt-tightening policies; but, again like any other debt-collecting agents, they seem to be saying: "sorry for the loss of your job or your house, but debt must be collected -- regardless"! (Click here to read source article.)
Overseas, in Greece and England, and other parts of Europe, there's been an indictment of American corporate predators, especially Goldman Sachs. They are being denounced as "financial terrorists." While unions say workers are being targeted in an economic war, the left also sees a counter-revolution underway against democracy, with power moving firmly into the hands of bond traders rather than into the hands of people's Parliaments and elected politicians.
Surprisingly, there are voices on the right also speaking out. Cliff Kincaid of Accuracy in Media, an ultra conservative organization, now fears that "Hedge Funds (will) Spark World Revolution." He writes as follows:
"The Marxists used to be the experts in exploiting human suffering for the purposes of sparking revolution. But the hedge funds are now doing better than the Marxists.
Consider that the business publication Barron's has an article headlined on its cover, "A savvy hedge-fund manager reveals how to make money on Old World's woes." A better headline would have been "How to exploit human suffering." At a time when people are dying in Greece because of riots in response to economic problems, what kind of publication would openly advertise how to make money at the expense of others and profit from their misery? But this is how the hedge fund short sellers and their apologists work." (Click here to read source article.)
Even as the banks push back against financial reform, watering down legislation against derivatives, too-big-to-fail banks, and even against a full audit of the Federal Reserve Bank, the crisis lurches out of control. The NY Times reports that many jobs are not coming back, and debt is on the rise, to historic levels. This means that the next crash will be the worst.
The banksters need to be stopped, but only the people can do that -- our media and politicians (right, center, and progressive) are simply not up to the task. What we need is more than exposes what we need is a major effort to organize, such as has been laid out at http://foroureconomy.org. This is the only way to fight back against the one-sided and ever so effective war that is being waged against us by Wall Street banksters. (Click here to read source article.)
Face it: Wall Street operators have pillaged our country. They have been bailed out and saved from their casino gambling and self-defeating Ponzi schemes, and have then been allowed to continue their plunder! They are the concentrated power that voices from the past have warned us about. And yet most of us choose to tune out.
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