Into the Valley of Debt

by James

I would like to tie together three subjects that are in the forefront at the moment with three separate essays and argue how they are parts of a whole. Three areas of capitalism are involved; the banking/investment/insurance or financial industry; the oil and resources industry; and the armaments and military services industry. These industries are, of course, controlled by the same group of people and so are readily co-ordinated and this should not surprise us. Indeed, we should expect it. The three subjects or issues breathlessly and inaccurately reported to us are the financial meltdown/bailout fiasco, the moves for a One World Currency and the ever building number and intensity of wars in the the Middle East and Central Asia for the control of oil. The “whole” I speak of is the domination or rulership of the whole world or more succinctly, One World Government.

This first part concerns the financial industry and the derivatives meltdown and the attendant bailout scandal. This essay is in large part a rewrite of part of James Lieber's excellent article, “What Cooked The World's Economy”. I have attempted to expand on some of his points with some logical deductions and also some opinions together with a few added bits of information from the public domain.
All quotes in this essay come from the above article and the first quote will start at the “bottom line”-

“The bottom line in this scandal is that fantastically wealthy entities positioned themselves to make unfathomable fortunes by betting that average Americans - Joe Six-Packs and hockey moms - would fail.“
Bearing this in mind will help makes sense of what I write below, I hope!
So after that introduction, let us deconstruct the scam.

Read more @ Winter Patriot