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7 Weeks to Austerity Programs in the US...Who do you think wrote the "fiscal cliff" legislation?
Ms Sans Serif
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[quote:Anonymous Coward 16973401:MV8yMDUyNjQyXzM0NDk4OTUxX0FFNDIxMEEy] The Bank for International Settlements (BIS) is an international organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." As an international institution, it is not accountable to any single national government. The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is [b]based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City[/b]. http://en.wikipedia.org/wiki/Bank_for_International_Settlements The BIS is the most obscure arm of the Bretton-Woods International Financial architecture but its role is central. John Maynard Keynes wanted it closed down as it was used to launder money for the Nazis in World War II. Run by an inner elite representing the world's major central banks it controls most of the transferable money in the world. It uses that money to draw national governments into debt for the IMF. http://www.bilderberg.org/bis.htm "The Power of financial capitalism had [a] far reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks, which were themselves private corporations. Each central bank sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence co-operative politicians by subsequent rewards in the business world." Carrol Quigley, Tragedy and Hope, 1966 [color=indigo]The "Fiscal Cliff"/potential war in the Middle East con game happening RIGHT NOW is a tremendously huge move by the banksters. All that "woowoo" seeming DHS internment camps "shrillness" and "crazy" talk of imminent martial law is starting to look a lot less like "crazy woowoo shrillness about now. [/color] [/quote]
Calling it the "fiscal cliff" and focusing on an arbitrary deadline is a distraction technique that forces people to look at what's really happening from the wrong perspective and therefore miss it entirely.
The deal with the banks is...."congress will pass laws implementing austerity programs to fully legitimize the process and the sheeple will be ever grateful in their sinking financial state that
(which the bankers created out of thin air for "the deal" through all their well known influence with our political class/oligarchy) was heroically avoided in the final hours by relentless, sleepless determination from our lawmakers to prove this great country can put aside deep fractiousness and come together when the going gets tough."
Y'see, congress can only affect discretionary spending.
Interest payments on govt debt...congress can't touch it.
Mandatory obligations...stay mandatory.
The problem is, "the US fiscal situation is so untenable that the government fails to collect enough tax revenue to cover mandatory spending and debt interest. In Fiscal Year 2011, for example, the US government spent $176 billion MORE on debt interest and mandatory spending than they generated in tax revenue.
In Fiscal Year 2012, which just ended 6 weeks ago, that shortfall increased to $251 billion. This means that they could cut the ENTIRE discretionary budget and still be in the hole by $251 billion.
This is why the Fiscal Cliff is irrelevant."
link to www.zerohedge.com
The reason congress will compromise and avoid the "fiscal cliff" is that the banks make way too much money on war.
"Falling over the fiscal cliff" would mean military spending would be significantly cut. The banks don't want that. military spending is their bread and butter. So why did they write it into the legislation you may ask?
Because they knew they could create a situation where large cuts in military spending would not be acceptable by the sheeple.
Why do you think the Middle East (ie the same old actors) is "flaring up"?
"LOOK OVER HERE!!! ROCKETS AND DEATH AND DESTRUCTION ON THE VERGE OF ESCALATION AND FREAKING ARMAGEDDON!!!!!!!!!"
And the sheeple go....doot doodoo do do do doot doot, doot do do doot doodoo do do......HOLY CRAP!!!!! YOU GUYS IN CONGRESS CAN'T ALLOW THOSE FREAKING MILITARY CUTBACKS NOW FER CRYIN' OUT LOUD!!!!!
It's such an obvious scam but one that's apparently easily accomplished.
So...AUSTERITY PROGRAMS here we come.
We're all Greek now.
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