Next week it will all come together... One thing is going to lead to the next. Wall Street is going to collapse, the European markets are going to follow suit. There will be panic.
But the system will be working as it was designed--to transfer wealth and power to a small international criminal cartel, while weakening the U.S. and European governments, and hence weakening regulatory oversight.
It's all related. All those "exotic" financial instruments we hear about were designed to act as a virus that would infect the entire world financial system. The virus function is to destroy government institutions, grab wealth, and transfer it to the criminal cartel.
There are tens of trillions of dollars in play. As the markets collapse, credit default swaps come due. Somehow funds from retirement accounts, etc., are then used to cover those "obligations." All kind of entities will be affected, including states, pension funds, counties, unions, 401ks.
As these things happen, there is confusion, squabbling between politicians. The corporate-owned media shift into high gear spewing out enormous amounts of propaganda and misinformation.
If people understood how extraordinary it is that in the face of the most egregious financial crime spree, which caused the 2008 crisis, there has not been any significant criminal liability imposed, they would have a clue about what's about to happen.
These crimes were done in broad daylight and with impunity. In a normal situation thousands of people should have been prosecuted. We are not in normal times. We have crossed the rubicon. We have gone down the rabbit hole.
Putting aside my "speculation" about what's going to happen next week, think about the current reality for a second... The value of tens of millions of homes "underwater." A huge unemployment rate. Mind-boggling idiocy in our political system (debt ceiling charade, shut down of the FAA, voter suppression efforts across the country). The rapid dismantling of the judicial system. These things are real. But they are only the beginning of what's to come.
Pundits will be on TV talking about all these events, but not understanding (or not wanting to disclose) how they are all related. The European debt crisis, and the U.S. political, regulatory, and financial woes.
One useful exercise would be to "follow the money" as the collapse happens. Once the markets start tanking, and pension funds start being depleted, where is that money going to?
Get ready for it...
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