Topic: Economy, what's left of
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Going to wreck world trade? OK, GOOD! It was warned this would be the outcome and the power brokers refused to listen in their lust for profit. (Look up the old (2001) Euro Critical BBS if its still out there or you can find it)
Thsi is the same tired line of reasoning the US Congress and President are using. Its been proven a lie, that there is no "end justifies the means' worthy of piling on such massive debt, for DEBT IS THE PROBLEM.
This only shows the deliberate intent to wreck these economies.
Ex. there was no "stock market crash" in the US in 2008 (US Dow Jones index for example) there was a sell off from an irrational high of 14000 back to the previous level around 7K.
This is normal market operations, not some conspiracy, not some giant financial boogey - man.
This giant hoax is based on the straw argument of "too big to fail" which was the US - basis for throwing free money into bankers fireplaces, on the false premise that some giant disaster loomed if the company went bankrupt. Companies go bankrupt all the time, and there are two scenarios:
1.) co loses market share and thus no longer has business (customers) for cash flow and becomes insolvent
2.) incompetent management does damage to the business and threatens its existance, but the customer base continues
ITs the second one in play here, and the scam is that somehow sacking the board of directors and upper management will destroy the entire business or industry, and its a straight out lie. Yes, itll destroy THEIR profitability, but sack the board, hire a new one through bankruptcy and reorganization.
Curious how this system was in Governmental and corporate favor when it was, a couple years ago, known as 'corporate raiding and restructuring for profit!"
And now Governments, parasites to the People, are playing this "too big to fail" game. Since Govts do no trade and produce nothing useful except more Goverment, I say high time to let them fail.
