Capitalist Genocide

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     To understand the Demonic Cabal's global economic exploitation of workers, American and world citizens must wake up to the fact that we are at WAR against four enemies:

  • The national governments: controlled and manipulated by the multinational and financial empires--the Demonic Cabal

  • The multinational corporations: pursuing profits without concern for workers or environments

  • The Wall Street scam artists: bilking heedless investors of millions of dollars

  • The banks and financial institutions: looting taxpayer money after collapsing the US economy through criminal operations

"The relevant question to ask then becomes -- how much deprivation do the American people have to suffer before they get their priorities straight?"

Al Martin. "The Global Economic Meltdown"

     This grim reality of a struggle for existence against the very people who are supposed to be serving us is made clear by a number of courageous investigators.

In his essay "The Global Economic Meltdown," Al Martin lays it out:

"Two billion people, a third of the earth's population, live in post-economically collapsed nation-states. They live in circumstances where they wish they could afford the luxury of deciding where they stand on issues such as abortion etc., when in fact their Only Concern becomes the most ultimate economics -- how are they to find sufficient shelter and food, clothing and medicine every day in order to survive?"

How Global Economic Exploitation Works

This is how the Demonic Cabal exploits workers worldwide:

1. The top 1% of the population in the U.S. controls 93% of the nation's wealth

2. Eighty-eight percent of that top 1% are Republicans

3. Under Bush I, the savings and loan industry was allowed to go bust so that Bill Seidman, the former chairman of the Resolution Trust Corporation (where there were many allegations of fraud) could sell off most of the S&Ls at very favorable prices to well-known Republicans and Republican interests, resulting in a $500 billion loss to taxpayers

4. Bush I placed non-marketable, long-term, US Treasury Bonds with a 3% coupon rate into the Social Security Trust Funds, worthless paper (fortunately, this loss was redeemed during the Clinton administration)

5. Under Bush I, billions of deficit spending was placed "off budget"

  • Money being spent currently was not being recorded as having been spent currently

  • It was simply an accounting trick, like maintaining two sets of books, wherein you can spend money, say $8 billion, but instead of putting it in the deficit column, it shows up as a zero figure and the $8 billion deficit is transferred to your second set of books called "off budget financing"

  • "Off budget financing" (the reason why the Treasury Department to this day is unable to balance its books) is money which still has to be raised through the regular sales of US Treasury bills, bonds and notes; the sale of these bills, bonds and notes for off budget financing was put in a separate category, not as actual liability or actual debt of the US Government, but future contingent debt

  • Future contingent debt is debt that is not immediately due, payable, or honorable by the US Government, only due and payable when said notes are presented for redemption -- whenever their term or maturities run out

6. There is a parallel between these criminal tactics of Bush I and the latest accounting tricks of so-called enronomics, which uses similar dodges to hide losses through offshore accounts and other fancy bookkeeping scams

  • Nearly $25 billion was lost by people, pension funds and other institutional investors who purchased Enron shares at fraudulently inflated stock prices

7. "The major houses of Wall Street play a double game with their customers--doing investment deals with companies in their private offices while their stock analysts are out front whipping up enthusiasm for the same companies' stocks.

    Think of Goldman Sachs still advising a 'buy' on prime mortgage stocks, even as the company abruptly revealed billions of dollars in loss in shareholder equity. Goldman earned $69 million from Enron underwriting, the leader among the $323 million Enron paid Wall Street firms. Think of the young Henry Blodget, now famous as Merrill Lynch's never-say-sell tout for the same Nasdaq clients whose fees helped fuel Blodget's $5-million-a-year income (Merrill has begun settling investor lawsuits in cash). Think of Mary Meeker at Morgan Stanley Dean Witter, dubbed the 'Queen of the Net' for pumping up Internet firms while Morgan Stanley was taking in $480 million in fees on Internet IPOs. The conflict is not exactly new but has reached staggering dimensions. The brokers whose stock tips you can trust are the ones who don't offer any." (William Greider. "Crime In the Suites," The Nation, February 4, 2002)

8. With both Democrat and Republican presidents the federal government follows a ruinous policy of "bailouts," which involves "American" financial institutions, such as JPMorgan/Chase or Goldman Sachs, making bad loans in Mexico or Brazil or wherever and then receiving American tax money when their loans go south

9. Under the Bush II tax cut, 93% of the tax benefits of this package went to those earning $200,000 a year or more--and the Obama junta continued these policies

10. The Bush II tax cut was a ten-year program, a $1.6 trillion tax reduction for the wealthy only

11. The Bush II budget and the Obama budget, involving spending plans and tax cuts over ten to twenty -five years, meant that we had an accumulated national debt by 2025 of over $30 trillion

12. Only after being forced to, did the Bush junta indict and prosecute high-level corporate executives such as Ken Lay, and the most enthusiastic prosecution of corporate crime has been initiated by state officials in New York and elsewhere; the Obama regime did not even consider prosecuting the Wall Street thugs or the Gulf of Mexico polluter: British Petroleum

13. Obama had no intention of creating or imposing fair financial standards, appointing Timmy Geithner to head the "Federal" Reserve, who was responsible for the subprime mortgage collapse of the American economy while he was head of the NY branch of the Federal Reserve

14. There is no countervailing military, political, or economic power to keep the Demonic Cabal in line. We cannot expect a supine, bought-and-paid-for Congress to bring fiscal or political responsibility to the United States.

15. Obama and Congress will play a game--"Let's pretend to create an atmosphere for investor confidence"--but the cabal's same old criminal economic exploitation will continue.

Soon, the "crisis" will be said to have passed and the Demonic Cabal will continue with its plan to bring a police state to the United States.

16. The Demonic Cabal wants to recreate America into a totalitarian, fascist dictatorship, a Banana Republic where the rulers can simply carry out their economic, political, military exploitation schemes without any dissent on the part of an enslaved populace.

Global Economic Death Squads

IMF president Koehler

The hit-men for the multinationals and financial institutions are the executives of the International Monetary Fund (IMF) and the World Bank Group (WBG).

The actual tactics of the IMF and the WBG have been verified by such investigators as Greg Palast, who interviewed the former chief economist, Joseph Stiglitz, who was fired by the World Bank. Palast was given a giant stash of secret documents by World Bank and International Monetary Fund workers. This is how these economic "death squads" operate:

    Former IMF Managing Director
Michel Camdessus

  • A nation applies to the IMF for a bank loan

  • The loan is contingent on the nation's rulers signing secret agreements by which they will sell off the nation's key assets to whatever corporation the IMF selects (the water systems, the railways, the telephone companies, the nationalized oil companies, gas stations, etc.)
    • According to a secret agreement between the leaders of Argentina and Jim Wolfensen, former president of the World Bank, a pipeline that runs between Argentina and Chile was sold off to a company called Enron

    • According to that same secret agreement the water system of Buenos Aires was sold for a song to a company called Enron

    • Citibank grabbed half the Argentine banks

  • The rulers must sign a secret agreement, averaging one-hundred and eleven items, whereby they will run the economy according to the dictates of the IMF; if they don't follow those steps they are cut off from all international borrowing; no nation can survive without borrowing

  • The IMF/WBG pay the rulers billions to their Swiss bank accounts when they sign the secret agreements stripping the nation of its assets

    "You only have power over people so long as you don't take everything away from them. But when you've robbed a man of everything he's no longer in your power he's free again."

    Alexander Solzhenitsyn

  • The secret agreements result in total slavery for the entire population since the IMF "conditionalities" include such murderous facets as laying off huge numbers of workers and creating a general state of financial austerity

  • These same criminal tactics are now standard operating procedure in the U.S

     Greider's One World, Ready Or Not warns that globalism is not merely a thorny problem for the academic economists - it is a life-or-death issue for every person. He points out that the same kind of runaway, unfettered finance capitalism has led in this century to two world wars.

Global Economic Exploitation: A Case Study--NAFTA

NAFTA was huckstered by Clinton and Congress as a way to increase American jobs and benefit the great majority of people both at home and abroad through its realization of a free-market global capitalism.

     It has failed on all counts.

  • American jobs have been lost.

  • Workers throughout the world have suffered from the slave-wages paid by the relocated "American" corporations.

  • Environmental protection measures have been totally ignored in the global economy countries such as Mexico.

     Globalism's showcase nations are now in shambles:

    South Korea's economy has shrunk by 45 percent

    Thailand's economy has decreased by 50 percent

    Japan is in deep recession (read depression)

    Russia is in default of its loans, after following the dictates of the Harvard economic pundits

    Indonesia's economy has shrunk by nearly 80 percent

    • Even though Indonesia has been through four IMF "reform packages" and $41.2 billion in IMF funds since October 31, 1997, five million of its people still face starvation.

    • The Indonesian currency, the rupiah, has collapsed 80%.

    • The Indonesian stock market has collapsed 50%.

    • On July 2, 1998, the Indonesian statistics bureau announced that 95.8 million people, 48% of the entire population, will sink below the poverty line by the end of 1998, and that 80 million people, 40% , can no longer afford food and basic goods.

How Globalism Really Works - The Case of Russia

  1. In June of 1998, Russia's chief financial officer, Venianin Sokolov, conceded that all the IMF billions pumped into Russia had been stolen or wasted "at the highest levels" of what he called an "entirely corrupt regime."

  2. The IMF went ahead to hand Russia another $4.8 billion in July, most of the money coming from the pockets of American taxpayers. What happened to this money?
    • Sergei Dubinin, Russia's central bank governor, admitted that every last dime of it went to propping up the ruble, which Moscow finally had to cut loose and let fall.

    • Within days, the ruble fell 30% against the dollar, 40% against the German mark.

    • The Russian stock market collapsed

    • Russian interest rates on U.S. Treasury bill loans skyrocketed to 80%

    • Even with this catastrophic loss, the IMF still went ahead to disburse the second tranche of its $11.2 billion loan in September, 1998, to replenish the Russian central bank's reserves and control the slide of the ruble.

  3. The "privatization drive that was supposed to reap the fruits of the free market," writes Janine Wedel in The Nation, "helped to create a system of tycoon capitalism run for the benefit of a corrupt political oligarchy that has appropriated hundreds of millions of dollars of Western aid and Russia's wealth."

  4. Patrick Buchanan, in an editorial, asked the important question: "Who got - and who stole - the scores of billions of dollars in Western loans sunk into Russia since 1991, because it surely was not the people of Russia, who are destitute and far worse off than in 1991."

Some Recent Anti-Globalism Victories

But all is not grim in this warfare of the workers against the economic exploiters; we've won a few victories.

1. Some corporations have volunteered to credit stock options as expense.

2. There is a general atmosphere of growing distrust of Wall Street and the Demonic Cabal.

3. Anti-sweatshop campaigns have forced companies like Gap and Nike to reconsider some of their most reprehensible labor practices.

4. The Sanders-Harkin amendment bans the import of products made with child labor.

5. Legislation has been introduced that would end U.S. financial support for IMF programs that degrade the environment and undermine workers' rights, restrict the power of governments to regulate "hot money" capital flows, and give more bailouts to international bankers and investors.

6. Bernie Sanders, Independent U.S. representative from Vermont, and other legislators are introducing legislation to create a "new populist architecture" for the global economy.

7. Business Week endorsed a global write-off by financial institutions of much of the debt strangling world production.

  • 8. On September 2, 1998, Malaysian Prime Minister, Mahathir bin Mohammad, announced a policy to halt the usurious system of globalism.

    • His government is slapping on all-inclusive exchange controls to protect Malaysia's economy and crush stock and currency speculators.

    • The Malaysian central bank will oversee which companies will be allowed to obtain Malaysia's currency, the ringgit, to exchange for dollars, or vice versa.

    • All purchases and sales of ringgit-denominated financial assets, such as stocks and property, must be transacted through a Malaysian-authorized depository institution. This stops speculators, such as George Soros, from obtaining ringgits to speculate with from off-shore banks in, for example, Singapore or Luxembourg.

    9. Hong Kong and Taiwan have followed the example of Malaysia. Taiwan has banned George Soros or his companies from operating in Taiwan. Currency speculators, such as Soros, treat a country's currency as just another commodity. They bring ruin to a country's currency with absolutely no regard for the destruction they bring the nation and its people.

    10. The peoples of the world are slowly waking up to globalism's disastrous repercussions.

    " Where justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made to feel that society is in an organized conspiracy to oppress, rob, and degrade them, neither persons nor property will be safe."

    Frederick Douglass

    A Way Toward Victory in the Struggle Against Tyranny

         Unfortunately, people like Greider offer only remediation of capitalism as a possible solution to the challenge of globalism:

    • Reregulate finance capital by creating transaction taxes on foreign exchange

    • Set ceilings on interest rates

    • Get rid of offshore banking centers' ability to ignore national laws

    • "Refocus national economic agendas on the priority of work and wages, rather than trade or multinational competitiveness, as the defining issue for domestic prosperity."

          Propagandistic illusions of vulture capitalism's rectification are merely fantasy solutions to the problems facing human society and our planet. The problems with capitalism are basic, endemic forms of corruption and devastation, not merely surface symptoms of minor difficulties. The capitalist system contains so much that is not only wrong but positively malignant and lethal that we must adopt a totally different system of economic principles and practices. It's now time for us to create more equitable economic policies and practices worldwide. One of our greatest areas of strength is our purchasing power and we should use it to make certain that governments and corporations serve the interests of the people, not the plutocrats.

    The Insane Demonic Cabal

    "Strange as it may seem, no amount of learning can cure stupidity, and formal education positively fortifies it."

    Stephen Vizinczey, Hungarian novelist, critic

    As we study the Demonic Cabal in its current manifestation in the Obama administration, it's becoming clear that the people within this criminal junta are growing so bloated with their own illusions of power and "importance" that they're becoming increasingly blind and insane. Their hubris is leading them to think that they can do anything and get away with it:

    • Run roughshod over Constitutional rights without provoking an uprising

    • Create militaristic wars anywhere in the world with the support of American citizens

    • Exploit the American people to whatever extent they want without having the people revolt

    A society tolerates tyranny and oppression in direct correlation with the actual intelligence of that society. So colonial America, remarkably intelligent for its time, tolerated a limited amount of oppression from Britain and then rose up and threw off the British tyranny.

    "Power-worship blurs political judgement because it leads, almost unavoidably, to the belief that present trends will continue. Whoever is winning at the moment will always seem to be invincible."
    George Orwell

    "Powerful men in particular suffer from the delusion that human beings have no memories. I would go so far as to say that the distinguishing trait of powerful men is the psychotic certainty that people forget acts of infamy as easily as their parents' birthdays."

    Stephen Vizinczey, Hungarian novelist, critic

    The Demonic Cabal is correct in thinking that our current American society is composed of a people whose intelligence is debilitated by the ravages of criminal American elites. But this ruling junta has lost all sense of morality and proportion and purpose; it has lost its senses, especially its ability to see reality. What they are no longer intelligent enough to discern is that their excesses are increasingly awakening the mind-numbed American masses into full awareness of how oppressive this dictatorship has become.

    Thus, we can help Americans become aware of how they are being oppressed by the current Obama regime, and study how the Demonic Cabal is itself leading, through its overindulgence and intemperance, to its own downfall. At the same time, we can begin creating cooperative commonwealth communities for the benefit of all members of a New Society.

    "No government power can be abused long. Mankind will not bear it. There is a remedy in human nature against tyranny, that will keep us safe under every form of government."

    Samuel Johnson

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