By P Chong 14 May 2010
Milton Friedman (late economist) said: “only a crisis – actual or perceived – produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes politically inevitable.”
In other words, catastrophes and crises, according to Friedman and his ilk, are golden opportunities for imposing ideas that would otherwise be rejected under normal conditions.
According to a report from Weiss Research Inc. on 10 May 2010, America is stepping in to bail out the European debtor nations – with “unbacked dollars out of thin air” – more correctly with “debt-based dollars”!
Fed Chief Ben Bernanke announced that the Federal Reserve will print UNLIMITED amount of U.S. dollars and then use them to buy bonds offered by failing European governments.
First, the Fed printed billions to bail out Fannie and Freddie … billions more to bail out failed bankers . . . and billions more to bail out failed automakers . . . AIG . . .
Now, Bernanke plans to print an UNLIMITED amount of dollars to bail out Greece, Portugal, Italy, Ireland, Spain . . . the entire European Union!
This blank-check scheme, recently worked out with European leaders, assures them that the Fed will create “dollars out of thin air” and then use those greenbacks to buy European bonds — many of them are junk bonds.
On top of this sheer madness, consider this: Over the weekend, Bernanke and the Fed also agreed to create unlimited amount of debt-based dollars to bail out Japan (its financial saviour, how ironic) . . . plus up to $30 billion to bail out Canada . . . plus billions more to bail out the government of Switzerland.
Lest it be forgotten, The United States of America is indebted to China & Japan (Supposedly in trouble too) to a tune of trillion of dollars!
This is utterly & totally insane! Already the American ship is in deep waters & yet it is speeding towards rescuing their sinking Europeans & others. Is this an act of guilt conscience? No . . . not really . . . but it’s revealing one massive hidden agenda . . . a global conspiracy game . . . the emergence of one global financial system!!!
“There is no other way to say it: The Federal Reserve has just lit the fuse on one of the greatest explosions of paper money in history . . . an explosion in the supply of dollars that can only gut the value of every other dollar in circulation.” (Weiss Research)
Let’s fast-track into the future: it’s going to be a world, though politically & territorially apart, of one “central financial system” controlled by the Wall Street “Financial Mafia”.
With the world’s delinquent nations spinning out of control generating a strong centrifugal force & engulfing others one by one, the “Financial Mafia” of IMF, an institution linked to Wall Street, is grappling the force & settling it into one fully integrated financial system. Obviously, henceforth where will the power of control be?
The fact that Greece is in turmoil with civil uprising & rioting is attributed to the Greeks’ hatred & resentment of the stringent conditions imposed by IMF (international Monetary Fund).
“This is nothing more than highway robbery: It can only deplete the value — the buying power — of every dollar the Americans earn, save, invest and plan to live on in retirement.”(Weiss Research)
Meanwhile, European investors, not fully aware of the hidden danger & implication of all this, are laughing all the way to the bank. The news that the Americans are picking up the tab for their out-of-control spending has triggered massive stock market gains all across the Continent.
All that glitters is not gold!
Is this some sort of political game?
What is US really up to, bailing out the European delinquent nations with money they don’t have?
This is so noble of the Americans sacrificing their own buying power & financial security so that European debtor nations can avoid default and continue to giving bonuses & luxury pensions to their workers!
“Capitalism creates a rational frame of mind which, having destroyed the moral authority of so many other institutions, in the end turns against its own.” – Joseph A. Schumpeter
As it is, the Eurozone is coming up with an exigency plan of their own to secure a value of one trillion exigency fund.
Everybody needs to have a rethink & think straight about all these debt-based dollars being created!
The world’s financial system is undergoing massive upheavals & what’s emerging will be a one-world financial system.
Bits of puzzle are falling into place to reveal the Big Picture!
Just think of the hidden agenda & global conspiracy of the coming of one-world system or government as biblically predicted.
There is an underlying sinister agenda to bring about globally every nation under one “Financial Empire System”.
“Some people stockpile canned goods and water in preparation for major disasters,” Naomi Klein, an investigative journalist in her book ‘The Shock Doctrine,’ writes. “Friedmanites stockpile free-market ideas. And once a crisis has struck…it was crucial to act swiftly, to impose rapid and irreversible change before the crisis-racked society slipped back into the ‘tyranny of the status quo’.”
Everybody has an opinion!
What about yours?
Let’s hear it.
One thought on “US Bailing Out Europe?”
I cast doubt on the stupidity of all world financial gurus if what is written is true.
The financial guru of each government must have the guts to advise their government that this is a scam and should not join them. Create another world currency by joining force with other countries that can contribute if no one single currency can manage as world currency. Stock market as originally establish as a place for raising fund to finance projects that one single source can not finance is now become a gamble casino whereby the primary purpose of the Stock Market is now so small but the gambling activities multiply and gaining force exponentially.
A very danger and damaging phenomena. It is the greed of all individuals all over the world create the environment for today and future disaster. Very Sad.