Every country has scam artists; but only in a dying country are people like that part of the power elite. And now it's happening here: the scam artists have taken over our government and our economy. They now dominate our country's power structure and their propaganda has duped a large majority of our population. Millions are losing their jobs, their incomes and their homes, and they really have no clear idea, yet, who to blame. This then is a cleverly disguised multi-billion dollar theft that continues as we speak.
In the former Soviet Union, too, there was an incredible pessimism because of the rising poverty and the rising theft that played a big role in creating it. There was no belief in the future because there was so much instability, thievery and poverty. Just as now in America, life expectancy rates were falling. People who had the ability to take anything, steal anything, were doing it. People who were advantageously positioned within the society and economy wanted to get whatever wealth they could steal and get it out of the country as quickly as possible. They might steal the money from the government and buy a villa in France. That was the modus operandi in those years. And that's how the financial services industry in America is now, with regard to the entire mortgage-based securities scam.
It's the same mindset, whether it was the guys at companies like Countrywide who were pushing people into bad loans when they qualified for good ones, . . or the banks who were immediately taking these loans and selling them off to pension funds and insurance companies, knowing that they were going to disintegrate, . . or the hedge fund guys who were intentionally creating masses of crappy loans to dump off on other people, or the ratings agencies who were favorably rating stuff that they knew was crap.
At the very top of the overall con game you had companies like Goldman Sachs and Deutsche Bank that were basically getting the taxpayer to essentially buy this stuff, by way of the bailouts, knowing all too well that it was severely over-valued. It was the same "let's get what all we can right now before it all blows up" mindset that you saw in the former Soviet Union and that one has always seen in many third world countries.
But there's still another part of the gigantic rip-off that is taking down America's middle class:
Outsourcing our nation's wealth through foreign sovereign wealth funds
A sovereign wealth fund is basically like a giant hedge fund that is government owned, and they're particularly popular in the oil producing countries of the Middle East. You have a country like Saudi Arabia or the United Arab Emirates, for instance, that gets a lot of revenue from oil, and they put the excess cash in this giant fund that looks for investment opportunities around the world, to grow itself bigger. A bunch of guys (the profit-seeking bankster middle men) from an American investment bank will show up with a slide projector and try to sell some Arab sheiks the Pennsylvania Turnpike. They will sit down, show all these pictures and say, "look, the toll booths are in good shape, the roads are paved, and you should buy this thing.'" In this way, the State of Pennsylvania did try to sell the Pennsylvania Turnpike! They ended up not doing that particular deal, but there are cities and states all around the country that are doing these deals. In Chicago, it's the parking meters. City representatives sold 75-years worth of parking meter revenue that otherwise would have gone to the City of Chicago. As a result, the Abu Dhabi Investment Authority is now a 26% owner in Chicago's parking meters! Result: there are no more parking holidays in the city of Chicago. You have to pay meters on Lincoln's birthday, on Christmas, Thanksgiving. If you're an alderman and you want to have a street fair or something like that, you basically have to pay an exorbitant fee to Arab investors in order to have the right to hold a fair in your own neighborhood. This is happening all over the United States. There are dozens of these deals going through. Our country is gradually being sold off to foreigners because we can no longer afford to maintain our own country! Tax revenues are too small because wages have fallen and so many jobs (and paychecks) no long exist.
Finally, the biggest robbery of all:
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