Friday, February 27, 2009

Darkness Visible



When Will People Finally Wake Up...?

Barack Obama is a good man, but his $250 billion bailout for banks is misguided. It is time for people to stop supporting such bailouts at their own expense. This comes in the wake of yet another announcement of yet another failed financial venture, the Royal Bank of Scotland (RBS). The RBS is reported to have loss an equivalent of $34 billion due to the unravelling debacle of the world financial crisis, and a badly timed takeover bid of Holland's ABN Amro.

But it gets better. Britain's government has, through an inspired move, decided to insure "toxic" assets worth about US$ 464 billion under its Asset Protection Scheme in order to cover 90 per cent of losses resulting from such deals.

Yet, the plot thickens, as there is no guarantee that banking moguls on both sides of the Atlantic or elsewhere will forego bonuses, or that the media will have the integrity to report and go after such robber barons (if they remember what investigative journalism means).

The famous banks of Switzerland have also agreed to go back to the age old formula of not disclosing clients' financial accounts lest the criminality and shenanigans that have been going on for decades will be made transparent. Apparently more secrecy in times like these is the best way to help the world.

But the Swiss banks have good reason to be secretive. Do some research to find out how the German government had created a 'secret' bank account for adorable Vladmir Ulyanov (a.k.a. Lenin) to help him finance the Bolshevik 'Revolution'. This was instrumental for the Financial Moguls who have tried repeatedly to control the world; they wanted to destabilise Russia and put in a puppet regime whom they could hold to economic and financial ransom. But they miscalculated badly with Stalin: this was before risk management became part of MBA programmes.

Check out how Adolph Hitler stashed away at least US$ 20 million (1930s value) in a 'secret' Swiss account from his runaway bestseller Mein Kampf which was faithfully translated into many languages. The Financial Moguls supported the Nazi's in Germany's takeover and probably thought that, because the guy looked like Charlie Chaplin, they could control Hitler. Another mistake.

Chaplin hit back with The Great Dictator (which Hitler reportedly watched in the final days in his bunker).

Yet, we have been brainwashed all these years to think that so much of what has happened has been the result of Democracy versus Totalitarianism and all that. Sure, there is truth to it. But this is the time for all those dark 'secrets' to come out on how the world's banks have been progenitors in creating the fiascoes that have caused this planet so much suffering right up to this very moment.

Imagine how many banks have had 'secret' accounts for war mongers, drug dealers and other sublime money laundering operations all in the name of the 'public good'...? Now the chickens have come home to roost, but they appear to be genetically engineered headless ones.

And the rest of the world's population for some perverse reason must pay the price for all this. That's the part that still doesn't make much sense.

How long will people sit down and moan and groan and watch how their future and that of their children continue to be mortgaged away through mammoth amounts of taxes that will have to be paid as a result of more bailouts of banks?

Perhaps banks do need to be controlled by communities and people and the government rather than capitalists intent on greed. The US Federal Reserve is not federal at all in that it is a private consortium that has long done damage to the US and the world through grasping men for whom the world is clearly not enough. They would colonize the moon for a theme park if they could.


What is to be Done?

It is time for people to sit down and form groups to create people power. There will be time enough when you are out of that job you're clinging on to and the banks shut down because another "toxic" account finally doesn't have more paper money to cover their unethical behaviour and 'secrecy'.

It is time to start writing to your governments and groups of influence to pressurise the start of removal of all such 'secrecy' to reveal the corruption that has held the world in captivity for centuries. It is better to act now than wait for the inevitable public disturbance that will happen when the whole system collapses on its head.

The best kind of revolution is still a bloodless one. And it is going to take a lot of strength to keep it peaceful.

Act now.


"But a usurer and money-glutton, such a one would have the world perish of hunger and thirst, misery and want, so far as in him lies, so that he may have all to himself, and every one may receive from him as from a God, and be his serf for ever more." Martin Luther, written in 1540


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