Bankrupting the System To Save It?
by Jonathan Goodwin: Decentralization
Hidden in the Dark Ages
Is Brussels backing away from austerity?
We are being informed
that a decision may have been made by the Brussels crowd to monetize
their dilemma. When in doubt ... print.
is quite interesting, and has given me reason to revisit some
of my thoughts on this subject of Europe and the Euro. Start with
the premise that for the elites, control is the most important
I believe it
is safe to assume that the elite knew in 1914 (with all major currencies
leaning more on central banking than on gold), or in 1945 (with
the doomed-to-fail Bretton Woods agreement), or 1971 (when Nixon
said no mas)
that the current system would not last
forever. However, it was certainly a system designed to skim wealth
from the middle class something that was done quite effectively
for a century.
have used this time to consolidate the USSR, the UN, NATO,
the World Bank, the IMF, and the EU; all steps toward consolidation.
They have since seen setbacks the USSR, Yugoslavia, Czechoslovakia:
all decentralized. And now, visible to a minority of the masses
but likely understood by the elite decades ago, the loss of the
USD-based global money system. Oh well, that chapter is closed
In the meantime,
the elite have had plenty of time to do the skimming and to consolidate
wealth in real stuff physical assets, productive businesses,
to Europe. The technocrats have tried so-called austerity (save
the banks on the backs of the people). They find that the people
arent going along and that continuation of this path
will result in the loss of legitimacy for regulatory democracy
in the peoples eyes. Now the technocrats will try inflation.
This will buy some time, but eventually cannot work either.
I say technocrats. Is it possible that the elite are
now sitting back, biding their time? They know there is no hope
to save the current system in the manners in which the technocrats
have been taught over the decades to believe. The elite also know
the technocrats will do everything they can to preserve and build
on the status quo. All of this might be just fine for the elites,
as long as one very important tool for control is not lost.
next? So-called austerity hasnt worked. Inflation wont
work. I keep in mind, for the elite control is the most important
control is best exercised through regulatory democracy.
The worst thing that can happen to the elite is for the people
to lose faith in this system a system designed to sheer
the sheep with the sheeps blessing. Regulatory democracy
is the best thing going for the elites to work through in exercising
way this will be possible is through sovereign default, I believe.
The people will cheer our government stuck it to
the rapacious banksters. Praise be to the state. In no time,
the elite will ensure that lending to the state begins anew
the best creditor is one with no debt, after all.
banks will go belly up. But this seems to be the only path for
the elite to maintain control (I dont believe worldwide
coercion will work). They cannot allow a situation where the people
lose faith in government as currently constituted. The elite have
their financial assets in safe places real assets, gold,
important asset is regulatory democracy this cannot be
lost. Sovereign default can ensure the same game can be continued.
with permission from the Bionic
© 2013 Bionic
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