Banksterism: The New Plague
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Banksterism: The New Plague

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August 2, 2012, 9:31 am
Politics
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The Shock Doctrine on Steroids
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Banksterism: The New Plague

Is this the end of the world as we know it?

The 10 Biblical plagues were: water becomes blood; frogs; boils, gnats or lice; flies; diseased livestock; thunder and hail; locusts; darkness; and death of the firstborn. Ouch!

Helter-skelter history has also brought The Black Death, The Mongol Hordes, The Inquisition, Fascism/Nazism, Communism and now Cannibal Capitalism/Banksterism. This latest political/economic plague may yet prove to be the most, corrosive, corrupting and destructive force ever unleashed across the face of the earth. The Shock Doctrine on steroids.

When is a conspiracy theory not a conspiracy theory? When it is not a theory, but a genuine, full-bore, balls-to-the-wall, no-doubt-about-it conspiracy. Cannibal Capitalism/Banksterism, a villainous cabal of corporate behemoths, private equity pirates, hedge fund hyenas and bankster robber barons, has been a cauldron on the slow boil for at least forty years. And we are the frog that has been slowly boiling to death while hardly noticing it. It may already be too late to escape our dismal fate.

Every other plague or catastrophic "ism" eventually ran into a counterforce to deflect and defeat the intended terrible final solution. Moses duked it out with the Biblical plagues. The Black Plague eventually killed off itself. The Mongol Hordes only reached as far as their little horses could gallop. The Protestant Reformation prayed away the Inquisition. Fascism/Nazism smacked into the immovable wall of the World War II allied armies. Communism collapsed of its own dead weight.

Who or what will save us from global Cannibal Capitalism/Banksterism?

The Shock Doctrine postulates that catastrophic disruption (whether natural disaster, war or economic collapse), and the panic that ensues frightens and intimidates people to accept what otherwise would be unacceptable or even abhorrent to them. Scapegoating, scare-mongering and the Big Lie are the tools of this odious business for which bad is good and worse is even better. People scared witless will agree to almost anything. Ben Franklin knew what he was talking about when he said: "Those who would sacrifice liberty for security deserve neither." Which is what they usually get in such circumstances: neither.

The Shock Doctrine ground zero, was Chile in 1973. Ironically, on September 11th of that year, the military, aided and abetted by the Nixon White House and corporate juggernaut IT&T, crushed Chile's burgeoning South American democracy and replaced it with the villainous Pinochet dictatorship. The infamous Chicago Boys, drunk on the snake oil and witchcraft of the dwarfish University of Chicago economic alchemist Milton Friedman, flocked to the now disheartened country to put to the test their fever dream of how to beggar a people, disappear whoever objected and steal all the national treasure. The mission was quickly accomplished.

It would be repeated and refined at every opportunity. Argentina followed. And South Africa. The collapsed Soviet Union. Maggie Thatcher's bedeviled Great Britain. The Big Kahuna, America, scared stupid by 9/11, trickerated into the Iraq and Afghanistan quagmires by the Bush-Cheney war profiteering, constitution-shredding cabal and then robbed blind by Al-Qaeda of Wall Street in 2008. Today Europe is being set up for a great fall at the greedy hands of Banksterism and its bellowing bond traders. Tomorrow the world!

Designed to bamboozle with its complexity, Banksterism is simple at its core. Rampant financial fraud, massive loan-sharking and a world class gambling jones. All backstopped by get-out-of-jail-free cards supplied by lawmakers bought cheap to dance to the Banksters’ tune in a slavish chorus line.

Practiced propagandists and paid for politicians provide the smokescreen to blur from view the nefarious schemes of these thieves until it is too late to do anything about them but succumb. Reform! they shout. De-regulate! they yelp. Austerity! they demand. Privatize! they insist. What they really mean, of course, is bust workers' rights back to wage-slavery, take the cops off the Bankster beat, impoverish the general population and profitize everything.

It’s ALL about the Benjamins. A never-ending quest to create a perpetual money machine that sucks all revenue streams down the gullet of the ravenous Cannibal Capitalists and Banksters. By hook or by crook.

Lure the citizenry, a company or an entire country into amassing crippling debt. Securitize that debt through Wall Street witchcraft and sorcery into some sort of poisonous financial “product”. Then borrow (“leverage” is the neutral-sounding euphemism) 30-40 times that amount based on the vig and the future payback (which may never happen). Take that moolah and head straight for the casino in the hope of a big win on the rigged wheel of fortune. When every nickel is subsequently lost on crooked bets, demand full repayment for the money lent and also 100% of the money gambled away. The ensuing Bankster bailouts are nothing more than massive money laundering schemes to turn your money into their money. Win. Win. Oh, and beat the taxman while they're at it.

But even that so far successful criminal business model is not enough for the ravenous Cannibal Capitalists and Banksters. It has recently been revealed that at least a dozen of the world’s biggest too-big-to-fail banks - with a wink and a nod from the Federal Reserve (what did Tiny Tim Geithner know and when did he know it?), not to mention the Bank of England, the IMF, the European Central Bank and the World Bank - have been conspiring for years to rig the London Interbank Offered Rate (LIBOR), the daily interest rate banks pay to borrow money among themselves. The LIBOR is then used to determine the interest rates for virtually every financial instrument in the world: home mortgages, credit card rates, business loans, auto loans, municipal and sovereign bond issues as well as all the virtually incomprehensible toxic derivatives and black deals like collateralized debt obligations (CDOs), credit default swaps, currency swaps, interest swaps etc, cooked up by the wicked wizards of Wall Street that crashed the world economy in 2008.

The LIBOR rigging affects virtually all the money in the world!!! Truly too much is never enough for these criminal psychos. The plague of Banksterism has, it appears, succeeded in infecting the entire world.

Will these villains, bloated on greed, selfishness, arrogance and unchecked criminality, produce a world of such widespread wreckage and ruin, abject poverty and deprivation, that the only people left to rob and devour will be themselves? Or is there a cure in sight?

Since almost everything in our modern world from Church to State to College Football is some form of criminal enterprise, perp-walking every Cannibal Capitalist/Bankster malefactor and their political co-conspirators, enablers and alibiers into a hard time maximum security prison would be a start. Too-big-to-fail should not mean too-big-to-jail. But if that fails, bring back the guillotine. That might work...

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Author: Bernard Jenkins
Bernard Jenkins a regular Contributor at Jornal.us, is a writer and raconteur commenting on U.S. and world affairs for eons.
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Banksterism: The New Plague
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