That financial melt-down we all know is coming? It's designed to screw you and me.

And to convert this country into a two tiered economy, the rich, and you and me, the peons.

Jersey Cynic at BlondSense:

The financial crisis that we now face was created by design. It is intended to destroy the labor movement, crush the middle class, quash Medicare, Medicaid and Social Security, reduce our foreign debt by 50 or 60%, force a restructuring of America's debt, privatize all public assets and resources, and create a new regime of austerity measures which will divert more wealth to the banking and corporate establishments.

The avatars of neoliberalism invariably use crooked politicians to spawn enormous "unsustainable" debt so that the nations' riches can be transferred to ruling elites. It works the same everywhere. It's a form of corporate colonization, only this time the victim is the good old USA.

According to Richard Daughty in his prescient article
"The Phase of Impact"
the Federal Reserve and the Treasury Dept have already manned the battle-stations. Here's an excerpt:

This 'phase of impact' that is due to begin momentarily is, they explain, 'a period when a series of brutal crises starts affecting by contamination the total system. This explosive phase of the crisis, which will last 6 months to one year, will affect directly and very strongly financial players and markets, the owners of investment schemes with fixed incomes in dollars, pension funds and the strategic relations between the United States on the one side, and Europe and Asia on the other."

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