Economic Collapse, We Still Don’t Get It

As the world collectively muddles through 2012, it is has become increasingly apparent that we still don’t get it. Even after the collapse of 2008 and the completely fabricated and bogus ‘recovery’ that the lapdog presscorps still insists is ongoing, plus the various financial and economic ‘accidents’ that have happened along the way since, such as MFGlobal and PFGBest, plus the annexing of entire countries by the banking syndicate (Greece and Italy for starters), we still don’t get it. We are Rome. Obsessed with bread and circuses such as government handout programs and the Olympics and NASCAR, we’ve taken all that is abhorred by productive societies and made a center stage spectacle of it.

...In the same country where you have families living in cars and tent cities because of job losses, foreclosures, and other manifestations of a system gone awry, you’ve got areas where people are living the good life and spending money like there is no tomorrow. Much of it is borrowed, but that is of little significance to a generation that has been schooled and brainwashed into believing that debt doesn’t matter. Utopia is available for easy monthly payments. Paying back the loans is never really an issue or even something to be contemplated. If the government can do it so can we, right? We still don’t get it.

We’re not alone in our near complete lack of understanding either. Europe, the poster child for greed and avarice, is further along in the game. Their currency has, for all intents and purposes, collapsed. As one country after another succumbs to consequences of its misunderstanding, the global banking syndicate stands ready with open arms to offer the bailout money in exchange for what amounts to indentured servitude. On a global scale, we are returning to Feudalism, and anyone who actually takes the time to do a little research will quickly conclude that Feudalism and the concept of the American circumstance as was envisioned by our founding fathers are incompatible.And the Feudalism is becoming built into the American psyche at younger and younger ages. The biggest crisis in this country right now in my opinion is the student loan crisis and nobody is talking about it. Making monthly payments has become a part of the formative years for most of our young people these days. Sure Bernanke went on television and ensured us that all is well and that our kids owing over a trillion bucks to banks is quite all right even though beyond waiting tables there are precious few opportunities for many of them.

Sadly, America will fall just as Europe is falling. In many ways we’ve already fallen. Our sovereignty has been ceded to a banking cartel that creates its bingo chips from nothing, charges us to use them, and requires us to expend land, labor, capital, and scarce resources in order to make our monthly payments as a nation. Yet we sleep, totally unaware of the pillaging of the past 100 years. There is not a better example of the frog and the hot water analogy made so popular by those who have attempted to wake people up from this fatal slumber. We still don’t get it.

Let’s take this a step further. Just in 2008 alone, we had the Fannie/Freddie mess, AIG, Lehman, Wamu, Wachovia, Bear Stearns and several other notable failures. To date there has not been a single arrest made, yet Bernie Madoff and John Sanford went down for kiddie-sized Ponzi schemes by comparison while the real felons continue to do business as usual, even stooping to rubbing our faces in it much in the way Jamie Dimon smirked his way through JP Morgan’s PR stunt when he went on ‘Meet the Press’ and talked about how the bank would still make a pile of money despite its ‘mistake’ that cost untold billions.

These are bank robberies perpetrated by bankers. They make Butch Cassidy and John Dillinger look like amateur petty thieves. Pure and simple. There is a clear blueprint right here for stealing every single fiat dollar from every single American. And when you think of the nearly 1,000 trillion in notional value of cancerous OTC derivatives, which is enough to wipe out every IRA and pension in this country roughly 120 times. We’re dealing with this identical situation with derivatives. They aren’t even weapons of mass financial destruction; they’re weapons of total financial and economic disintegration.

Today’s bankers are little more than casino operators and loan sharks. But the funny thing is that while the bankers wage a public relations war on precious metals and call them barbaric relics, they themselves are accumulating them like crazy. Again, are we dealing with incompetence or psychopathic behavior?

The various new taxes that have now been deemed ‘legal’ by the supreme court (an institution that ignores its mandates does not deserve proper noun status) are a way for the fed to be repaid with the government collecting the payment as ‘taxes’ and ‘penalties’. Distilling this, what is really happening is that more and more of our productive capacity is going to need to be dedicated to paying off the bankers. Just like Europe. You can certainly bet that when the next banking crisis hits that our government, which is nothing more than a collection agency for the bankers, will be more than happy to commit We the People to another generation of indentured servitude to the bankers. Just like Europe. When the Euro is ‘officially’ pronounced dead, the countdown clock on the US Dollar will begin and the next domino will fall.

We still don’t get it.

By Andy Sutton