Apocalypse now: Global Financial Meltdown
"Control oil and you control nations; control food and you control the people." Henry Kissinger
The key word in understanding the most serious economic crisis in modern history, is global economic restructuring. Humanity is undergoing in the post-Cold War era an economic and social crisis of unprecedented scale leading to the rapid impoverishment of large sectors of the World population. National economies are collapsing, unemployment is rampant. Local level famines have erupted in Sub-Saharan Africa, South Asia and parts of Latin America. New World order, wants to get world population down to a billion people world wide. Starvation is the perfect answer.
The seismic events which have seen the near-destruction of the investment banking sector and the collapse of insurance giant AIG are on the scale of the Great Crash of 1929. It created conditions for the emergence of fascism in continental Europe and then World War II.
Food prices in Haiti had risen on average by 40 percent in less than a year, with the cost of staples such as rice doubling.... In Bangladesh, [in late April 2008] some 20,000 textile workers took to the streets to denounce soaring food prices and demand higher wages. The price of rice in the country has doubled over the past year, threatening the workers, who earn a monthly salary of just $25, with hunger. In Egypt, protests by workers over food prices rocked the textile center of Mahalla al-Kobra, north of Cairo, for two days last week, with two people shot dead by security forces. Hundreds were arrested, and the government sent plainclothes police into the factories to force workers to work. Food prices in Egypt have risen by 40 percent in the past year... Earlier this month, in the Ivory Coast, thousands marched on the home of President Laurent Gbagbo, chanting “we are hungry” and “life is too expensive, you are going to kill us.
We can expect a sharp increase in personal bankruptcies. Yet the numbers will not peak until this time next year at the earliest. Hundreds of thousands of people will lose their jobs, with many forced to sell their houses. Property prices will slump. There will be extreme human suffering, panic and despair. Many careers will be destroyed. This is considerably worse than the downturn of the early 1990s. The crisis, however, has by no means reached its climax. It could potentially disrupt the very foundations of the international monetary system. The repercussions on people's lives in America and around the world are dramatic.
The crisis is not limited to the meltdown of financial markets, the real economy at the national and international levels, its institutions, its productive structures are also in jeopardy.
As stock values collapse, lifelong household savings are eroded, not to mention pension funds.
The financial meltdown inevitably backlashes on consumer markets, the housing market, and more broadly on the process of investment in the production of goods and services. The global financial crisis is intimately related to the war.
"War is Good for Business" The war is profit driven, financed through the massive Worldwide expansion of dollar denominated debt. War and Globalization go hand in hand. Wall Street, the oil companies and the defense contractors have concurrent and overlapping interests. The oil companies are behind the speculative surge in crude oil prices on the London energy market.
A stock market meltdown can be highly profitable operation. With foreknowledge and inside information, a collapse in market values constitutes (through short-selling) a lucrative and money-spinning opportunity, for a select category of powerful speculators who have the ability to manipulate the market in the appropriate direction at the appropriate time. There are indications of a carefully engineered conspiracy to trigger the collapse of several major financial institutions through outright manipulation. "Short selling" as well as the spreading of false rumors were used as a strategy to trigger the collapse of selected stocks on Wall Street including Lehman, Morgan Stanley and Goldman Sachs. "Short sellers aim to profit from share declines, usually by borrowing a stock, selling it and buying it back after its price has decreased. In abusive “naked” short selling, the seller does not borrow the stock and fails to deliver it to the buyer.
Some market participants say abusive short sellers have contributed to the fall of companies such as Lehman Brothers by forcing down share prices. The current financial meltdown has nothing to do with market forces: it is characterized by financial warfare between competing institutional speculators. Leveraged speculative trade has pushed the price of crude oil to exceedingly high levels, reaching a peak in July 2008. A turning point was reached and the direction of speculative trade was rapidly reversed, leading to a dramatic plunge in prices of crude oil. Those financial institutions and/or investors who have the ability to manipulate the movement of crude oil prices, and had prior knowledge and the ability to determine the timeline of the speculative surge and subsequent collapse, were able to reap large money profits both during the upward and downward movement of the price of crude oil. This economic crisis is the outcome of a process of macroeconomic and financial restructuring initiated in the early 1980s. It is the result of a policy framework: trade and financial sector reforms under WTO auspices not to mention the imposition of the IMF deadly macroeconomic reforms, commonly referred to as the structural adjustment program. It is accompanied by the concurrent impoverishment of large sectors of the world population. In the years prior to the inauguration of the Bush administration, a process of intense financial rivalry had unfolded. The New World Order largely under the dominion of American finance capital was intent on dwarfing rival banking conglomerates in Western Europe and Japan as well as sealing strategic alliances with a "select club" of German and British banking giants. Effective control over the entire US financial services industry had been transferred to a handful of financial conglomerates. The financial meltdown on Wall Street largely benefits Bank of America and JP Morgan Chase, which is part of the Rockefeller empire.
Revelation 13:16-18 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
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The key word in understanding the most serious economic crisis in modern history, is global economic restructuring. Humanity is undergoing in the post-Cold War era an economic and social crisis of unprecedented scale leading to the rapid impoverishment of large sectors of the World population. National economies are collapsing, unemployment is rampant. Local level famines have erupted in Sub-Saharan Africa, South Asia and parts of Latin America. New World order, wants to get world population down to a billion people world wide. Starvation is the perfect answer.
The seismic events which have seen the near-destruction of the investment banking sector and the collapse of insurance giant AIG are on the scale of the Great Crash of 1929. It created conditions for the emergence of fascism in continental Europe and then World War II.
Food prices in Haiti had risen on average by 40 percent in less than a year, with the cost of staples such as rice doubling.... In Bangladesh, [in late April 2008] some 20,000 textile workers took to the streets to denounce soaring food prices and demand higher wages. The price of rice in the country has doubled over the past year, threatening the workers, who earn a monthly salary of just $25, with hunger. In Egypt, protests by workers over food prices rocked the textile center of Mahalla al-Kobra, north of Cairo, for two days last week, with two people shot dead by security forces. Hundreds were arrested, and the government sent plainclothes police into the factories to force workers to work. Food prices in Egypt have risen by 40 percent in the past year... Earlier this month, in the Ivory Coast, thousands marched on the home of President Laurent Gbagbo, chanting “we are hungry” and “life is too expensive, you are going to kill us.
We can expect a sharp increase in personal bankruptcies. Yet the numbers will not peak until this time next year at the earliest. Hundreds of thousands of people will lose their jobs, with many forced to sell their houses. Property prices will slump. There will be extreme human suffering, panic and despair. Many careers will be destroyed. This is considerably worse than the downturn of the early 1990s. The crisis, however, has by no means reached its climax. It could potentially disrupt the very foundations of the international monetary system. The repercussions on people's lives in America and around the world are dramatic.
The crisis is not limited to the meltdown of financial markets, the real economy at the national and international levels, its institutions, its productive structures are also in jeopardy.
As stock values collapse, lifelong household savings are eroded, not to mention pension funds.
The financial meltdown inevitably backlashes on consumer markets, the housing market, and more broadly on the process of investment in the production of goods and services. The global financial crisis is intimately related to the war.
"War is Good for Business" The war is profit driven, financed through the massive Worldwide expansion of dollar denominated debt. War and Globalization go hand in hand. Wall Street, the oil companies and the defense contractors have concurrent and overlapping interests. The oil companies are behind the speculative surge in crude oil prices on the London energy market.
A stock market meltdown can be highly profitable operation. With foreknowledge and inside information, a collapse in market values constitutes (through short-selling) a lucrative and money-spinning opportunity, for a select category of powerful speculators who have the ability to manipulate the market in the appropriate direction at the appropriate time. There are indications of a carefully engineered conspiracy to trigger the collapse of several major financial institutions through outright manipulation. "Short selling" as well as the spreading of false rumors were used as a strategy to trigger the collapse of selected stocks on Wall Street including Lehman, Morgan Stanley and Goldman Sachs. "Short sellers aim to profit from share declines, usually by borrowing a stock, selling it and buying it back after its price has decreased. In abusive “naked” short selling, the seller does not borrow the stock and fails to deliver it to the buyer.
Some market participants say abusive short sellers have contributed to the fall of companies such as Lehman Brothers by forcing down share prices. The current financial meltdown has nothing to do with market forces: it is characterized by financial warfare between competing institutional speculators. Leveraged speculative trade has pushed the price of crude oil to exceedingly high levels, reaching a peak in July 2008. A turning point was reached and the direction of speculative trade was rapidly reversed, leading to a dramatic plunge in prices of crude oil. Those financial institutions and/or investors who have the ability to manipulate the movement of crude oil prices, and had prior knowledge and the ability to determine the timeline of the speculative surge and subsequent collapse, were able to reap large money profits both during the upward and downward movement of the price of crude oil. This economic crisis is the outcome of a process of macroeconomic and financial restructuring initiated in the early 1980s. It is the result of a policy framework: trade and financial sector reforms under WTO auspices not to mention the imposition of the IMF deadly macroeconomic reforms, commonly referred to as the structural adjustment program. It is accompanied by the concurrent impoverishment of large sectors of the world population. In the years prior to the inauguration of the Bush administration, a process of intense financial rivalry had unfolded. The New World Order largely under the dominion of American finance capital was intent on dwarfing rival banking conglomerates in Western Europe and Japan as well as sealing strategic alliances with a "select club" of German and British banking giants. Effective control over the entire US financial services industry had been transferred to a handful of financial conglomerates. The financial meltdown on Wall Street largely benefits Bank of America and JP Morgan Chase, which is part of the Rockefeller empire.
Revelation 13:16-18 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
external link
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