Collapse the world economy.
How's it going?
Ask the Spanish, Greeks, Italians, Irish...or the Americans.
They call it 'austerity measures.' The new poverty. The new austerity. They won't be done till you're chewing your shoes.
Bernanke's latest 'solution' is to buy $40 billion in mortgage backed securities...every month. That's about 1/2 a trillion dollars a year. These are residential mortgages that are in default or expected to go into default. What does that mean? Transfer of property ownership to the Fed. Or to the corporations or non-profits that it designates as managers or owners of the property. And recapitalize the banks.
About 18 months ago I did a post on Redfields to Greenfields. Here's a piece of it:
A one trillion dollar federal program to enable local governments to purchase vacant residential, commercial, and industrial properties from banks and demolish them. Why?
So that more green space can be created in cities. They call this turning redfields (vacant bank-owned properties in the 'red') to greenfields (parks and open space).
In this fantasy world of more and more federal money created out of thin air, underperforming property held in private ownership will be converted to publicly held open space. Your community, which now can't keep your existing parks watered and maintained, will acquire bank-owned land. In this sort of perfect UN Agenda 21 spin, all of the people in smartgrowth buildings downtown need a place to play. It has to be a public place because government can't observe you when you're in your backyard. In another 'rescue' of banks and as a part of UN Agenda 21's war on private property, existing buildings will be demolished and private land taken off of the property tax rolls. Demolition of buildings (how's that for a greenhouse gas/carbon generating/landfill glutting solution) and building parks will 'create jobs' in this scenario.
Let's say it again: ONE TRILLION DOLLARS of federal money is proposed for this 'land-based approach to solving America's economic crisis.' That quote is from the Urban Land Institute's January/February 2010 articleFrom Vacant Properties to Green Space. It covers the 'story' that City Parks Alliance, of Washington, DC is developing a federal funding strategy for this scheme.
So how does this all fit in? Well, one less step is necessary because the Fed acquires the 'toxic' debt and takes the banks out of the picture. This move will reduce private land ownership and continue that downward spiral. Indefinitely. Yes, the plan is 'open-ended.'
Printing more money will increase inflation (probably at least 20% in the next 8-10 months), and costs will go up while wages go down. Cash on hand is devalued, fewer people can qualify for mortgages, less stable employment. What does that translate to? It might look like 'demand' for smart growth. But it will be people pushed to the wall and desperate for a place to live. Those micro-units will be subsidized with the inflated tax dollars but the real story will be that land will be moved into government controlled holding companies. Land trusts.
What about 'DEBT FOR NATURE?' Have you heard of that? I blogged on it about a year ago.
The Club of Paris is the creditor group of nations and the rules they play by. Sort of the Biggest Little Casino in the World, or, maybe more accurately, The Biggest Organized Crime Ring in the World. The Club of Paris sounds like a gentleman's social club and it is, in a way. It's where the G8 and up get together to decide how much credit to give smaller nations or larger nations who need it. And what they want for it. You can think of it as the "Pound of Flesh A Month Club." Our flesh. Or our natural resources. Yes. That is a way to pay off debt in this club. It's called Debt For Nature. Remember I said you can't make this stuff up. This is real.
Does that have anything to do with the fact that the US is closing off access to our National Forests through the Wildlands Project? Are we paying off debt with natural resources? With water?
With the Trans Texas Corridor?
Yes, it looks that way. The Club of Paris has another provision for debt payoff called Debt Swap. This is where the government of the creditor nation sells the debt itself to an investor who then sells that debt back to the debtor government in exchange for shares in a local company or local currency. But that doesn't make a lot of sense does it? That last part? Here's the deal in a way that we are familiar with. You want to buy a house. You need a loan. You get the loan. The lender doesn't keep the loan but sells it to an investor at a discount (this happens all the time, every day). Now you're paying your loan payments to the new guy. But he says hey, I'll sell you your own debt, in other words I'll cancel your debt, if you give me shares in ... but wait. How can you, Mr. President of a country, sell your creditor shares in a local company? Governments don't own companies, do they? Well, maybe they do...GM? Fannie Mae?
And if you had enough local currency to pay off the debt you probably would have already. So what are you going to use to buy back, or cancel, your debt? How about Bechtel getting Bolivia's water? Remember? The Bolivians fought that and finally won against Bechtel. But Carlyle Group, Nestle, and others are buying up water rights. How about a big hunk of land? Oil and gas leases? Timber? Toll roads?
Club of Paris. Check it out.
Yes, our economy is being destroyed. We have a long way to fall. Democrat/Republican---all the same in this game. When the pensions can't be paid, when the benefits don't come, when the payments end, it won't matter which party you're in. The thing to recognize is that there are winners and losers and you're a loser in this game. IT'S A CONSPIRACY, AND THAT AIN'T NO THEORY.
SPEAK OUT. SHARE THIS INFORMATION. REMEMBER THAT YOU'RE NOT ALONE. YOU ARE THE RESISTANCE.