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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:MV8yMDUyNjQyXzM0NTE4NTI5XzFERUU2RjU3] The main piece of governmentalese that put the "fiscal cliff" in place was The Budget Control Act of August 2011...introduced and sponsored by Senator Tom Harkin. There were NO cosponsors. So who pulls Harkins strings for the BIS? The top contributor to Harkin are TPG Capital. The 4th largest are (unsurprisingly) Golodman Sachs. http://www.opensecrets.org/politicians/contrib.php?cycle=2012&cid=N00004207 Nothing need be reviewed here about Goldman Sachs. We all know they are joined at the hip to the world's central banks and thus in tight with the Bank of International Settlements. TPG Capital is relatively low profile compared to goldman but they are huge. It's "one of the largest private equity investment firms globally, focused on leveraged buyout, growth capital and leveraged recapitalization investments in distressed companies and turnaround situations. TPG also manages investment funds specializing in growth capital, venture capital, public equity, and debt investments." http://en.wikipedia.org/wiki/TPG_Capital They are obviously going to greatly profit when austerity causes smaller companies to go bust by buying them out cheap and beefing up their portfolio trading in debt investments by positioning themselves in front of the austerity wave. TPG is run by : David Bonderman - While at or shortly after his time at Harvard, he traveled to Cairo, Egypt, to study Islamic Legal Jurisprudence and Law, and became proficient in various Islamic legal cliques developing a near-native fluency in Modern Standard Arabic. Bonderman is listed on the 2011 Forbes 400 list as the 209th wealthiest American with a net worth of approximately $2 billion. In 2002, for his 60th birthday, Bonderman had The Rolling Stones and John Mellencamp play at his birthday party at The Joint at Hard Rock Hotel and Casino in Las Vegas, Nevada. John Mellencamp played for an hour, The Rolling Stones played for an hour and a half and comedian Robin Williams entertained guests between acts. The party cost $7 million, making it one of the most expensive private concerts ever held. http://en.wikipedia.org/wiki/David_Bonderman James Coulter - Prior to co-founding TPG in 1992, Coulter and the other co-founders worked for Robert M. Bass. Coulter joined the Robert M. Bass Group from Lehman Brothers Kuhn Loeb. Coulter has been involved in some of the largest leveraged buyout transactions on record including TPG's marquee transaction, the takeover of Continental Airlines in 1993. http://en.wikipedia.org/wiki/James_Coulter William S. Price III - Prior to co-founding Texas Pacific Group in 1993, Bill Price was Vice President of Strategic Planning and Business Development for GE Capital. Prior to this, Price was a partner and co-head of the Financial Services Practice of Bain & Company. http://en.wikipedia.org/wiki/William_S._Price_III The companies that these guys have been and continue to be involved with are all high up in the globalist/banking elite pecking order. Between Goldman and ATP, it would have been childs play to use Harkin as the conduit for putting the "fiscal cliff" scam in play. [/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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