by
system failure
On
December 23, 1913, the then US President Woodrow Wilson puts the
final signature for the so-called Federal Reserve Act. Big private
banks take control of the US money supply. Since then and for 100
years until now, we live in the bankster-domination era. The only
"break" of real peace and prosperity for the West since
then, is perhaps the period after the WWII until the early 70s,
though conflicts, dictatorships and wars were not absent.
The
first big test of the new conditions was the 1929 crash. Banksters
reduced the money supply to the market, eliminating competitors and
leading to poverty millions of Americans. The same happened, more or
less in the 2007-2008 financial crisis.
Although
the Great Depression was a field test of the new conditions, the gold
standard which was active at that time, had prevented "Federal"
Reserve to print money at will thus loading government with more debt.
The banksters could not fully control government through debt and
Roosevelt, with his strong personality, managed to pass the laws he
wanted, despite the war against him, giving some hope to the American
people.
In
1971, Nixon ended the direct convertibility of the US dollar to gold,
and as dollar became the global reserve currency, the absolute
dominance of the banksters became definite.
Banks
and big corporations couldn't wait. Just two years later (September
1973), they proceed to another big experiment, so big that it's still
running. Through the U.S.-backed military coup in Chile that ousted
the democratically-elected President Salvador Allende, they establish
a 17-year dictatorship led by Augusto Pinochet. Chile became the
first lab-rat of neoliberalism. Milton Friedman and the Chicago
boys advise dictator Pinochet to kill the state and privatize
everything. Chile was occupied by big cartels, US interests
companies, people suffered from poverty and from Pinochet's cruel
regime.
IMF,
World Bank and other institutions, were the basic tools for the
invation to other countries during the next decades, and the result
was always mass destruction for the economies. Today, for the first
time, a Western developed area, called eurozone, is being tested.
Related:
http://failedevolution.blogspot.gr/2013/12/an-imaginary-dialogue-between-bosses.html
http://failedevolution.blogspot.gr/2013/11/an-example-of-how-banking-cartels.html
http://failedevolution.blogspot.gr/2012/09/lea-jacta-est-by-emperor-draghi.html
http://failedevolution.blogspot.gr/2013/11/an-example-of-how-banking-cartels.html
http://failedevolution.blogspot.gr/2012/09/lea-jacta-est-by-emperor-draghi.html
Thats all good though.....cause the next time the people have to rage violence to straighten things out........The French use of the guillotine will seem like children toasting some-mores over the campfire in comparison.
ReplyDeleteI don't think i would want to be a banker at that time, nor a politician or a hospital administrator.............
So what YOU!!!!(YES YOU AUTHOR!) gonna do about it??
ReplyDeleteThere's a special place in hell for all the bankers . . .
ReplyDeleteEight. So what about the depression of 1920-21? The one the was left alone without meddling.
ReplyDeleteDavidC
Sorry, that should be right, not eight.
DeleteDavidC