The Banksters are waging war on the WORLD

[StarsInHerHair]

http://www.washingtonsblog.com/2011/07/big-banks-are-waging-warfare-against.html

...."(Michael)Hudson says:

The European debt crisis is really financial warfare by the banks

Indeed, the banks are in warfare against the rest of society"

In a separate interview, Hudson says:

What's going on in Greece is exactly what's going to happen in America in a couple of weeks.

The big banks are forcing their bad debts on government

They are also forcing governments to sell off national assets so the banks can install a "neo-feudalism"

just read this


"Professor Hudson explained in 2008:

You have to realize that what they’re trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions. They’re not trying to make the economy more equal, and they’re not trying to share power. Their greed is (as Aristotle noted) infinite. So what you find to be a violation of traditional values is a re-assertion of pre-industrial, feudal values. The economy is being set back on the road to debt peonage. The Road to Serfdom is not government sponsorship of economic progress and rising living standards, it’s the dismantling of government, the dissolution of regulatory agencies, to create a new feudal-type elite."...


..."Foreign Policy magazine ran an article entitled "The Next Big Thing: Neomedievalism", arguing that the power of nations is declining, and being replaced by corporations, wealthy individuals, the sovereign wealth funds of monarchs, and city-regions."....

[checks-n-balances]

1. K & R

[StarsInHerHair]

2. thanks for the K&R

[Kaleko]

3. I'd like to see a coherent argument that explains why Hudson is wrong.

[sabrina 1]

6. I think he's absolutely right. It's clear from the similarity

of the tactics in every, single country. First they destroy the economy and disappear with the money. Then, using the same words, 'austerity' and 'shared sacrifice' they implement draconian policies mostly aimed at Social Programs and wages. Here they play a few games to make it look like we still have a two-party system.

They target everything that makes a society strong and healthy such as its Social Programs and salaries people can actually live on. They intend to privatize everything. They sell off a countries assets at bargain basement prices, see Greece eg, and they get to buy them. Argentina eg, where they sold off their Energy Companies and see Walker in Wisc trying to pass laws making it possible for HIM to sell off their public assets.

I think I just posted a comment in my last OP stating that what is going on here right now is so similar to what is going on in Europe, so I completely agree with this Professor.

And it seems we have a President who is on board. As does France and Germany. Funny how those two countries got two leaders so willing to sell out their people, when they were the two who would not go along with Bush's war.

They are the new Royalty and they are Global. But there are more of us than there are of them. They got away with so much because we, or anyone in other countries, had no idea how they were operating across borders, influencing elections in almost every country in the world, but Wikileaks changed all that. We now have to decide what we can do about stopping them. And I don't have a clue about that!

[Kaleko]

11. I also think Hudson's descriptions are accurate.

That's why I would like to see someone make a convincing case as to why and where exactly Hudson is mistaken. This will settle the last lingering doubts about what the next phase in the progress of Locust Capitalism (that's what the Germans call it) entails and gives us the right diagnosis.

Without the right diagnosis, we cannot address the problems where they actually exist, so it is vitally important to understand where we're at.

[StarsInHerHair]

13. Locust Capitalism-that's a VERY good term, I recall OLD cartoons showing

swarms flying in & eating everything, even people's clothes. It perfectly describes the Banking Cartel.

[girl gone mad]

4. k & r

[StarsInHerHair]

8. thank you for that

[ShockediSay]

5. Neomedievalism? I think its more a simple matter of neoFascism

K&R

[StarsInHerHair]

9. thank you too

[Dept of Beer]

7. Shakespear had a few words about Lawyers in Henry VI

that could well be applied elsewhere.

[LiberalAndProud]

10. We've identified the problem. Now we need a solution.

What is the answer?

[StarsInHerHair]

14. deficits caused by massive unemployment can be fixed by creating jobs

1st thing needs to be undone is a Reagan change to laws that outlawed the creation of a new WPA. Someone posted about here on du before, hopefully they will again, as I've had trouble searching for it.

[azul]

12. The Debt Peons need to take radical action, they are the majority.

The DP's need to take some legislative action that is really shocking to banks, like a debt holiday.
That ought to break the power of usury and debt up: every 7th year declared a debt jubilee, all debts erased. Let the economy adjust to it.

Eighty or ninety years ago you could not get home loans longer than 7 years, now most people are debtors for life. Debt is the trap of economic slavery in a society where people think that they gotta have all this expensive stuff to participate.

In consequence, people will have to settle for less too, with less credit, and is that not a good thing also?

[Hubert Flottz]

15. They call it "The New World Order"

[socialist_n_TN]

16. I really don't mean to be snarky, but

how is this a surprisem Professor? Some of us (yes Marxists) have been screaming about this all our lives.

Well, I guess it's a good thing that others are seeing it too. I just hope they see the only solution too. You CANNOT regulate this monster. You have to smash it.

[me b zola]

17. K&R

[suffragette]

18. And the leaders of G20 are enabling this

Only Iceland has openly defied them.