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US Banking Collapse a 'Controlled Demolition'
By Amy de Miceli (about the author) Page 1 of 2 page(s)
For OpEdNews: Amy de Miceli - Writer What does the rest of the world know that we don't? The United States Dollar is dead. While we are being jerked around by the mainstream media here at home, the rest of the world has already drawn the final conclusion for us, and what they are saying about us isn't pretty. Hank Paulson has already taken control of the US banking system; journalist and expert economist Max Keiser compares Paulson to the 9/11 hijackers, calling him a financial terrorist. Keiser has been making his rounds on international broadcasts, including France 24 and Press TV where he compares the collapse of the US banking system to WTC 7 - "a controlled demolition."
Our news is being filtered and the rest of the world is ready to write us off. China has asked domestic banks to stop lending to U.S. financial institutions to prevent losses. America has relied on borrowing money from foreign lenders, and China was one of the largest. We have put ourselves in debt to China, and now they have cut us off.
Meanwhile, the President of the United States is trying to scare the American people, threatening: support the Bailout or face more bank failures and a stock market crash; 401Ks will evaporate; home prices will plummet and foreclosures will rise. Sadly we face all of these things plus much worse, with or without the bailout, and our president is deceiving us and he's being aided by the media.
During his speech on Wednesday, Bush claimed to have been informed by, "The government's top economic experts" and they are warning us, "without immediate action...America could slip into a financial panic and a distressing scenario would unfold."
These experts are the same ones that led us to this economic crisis. Many have been predicting this collapse for years. Let's listen to some other economists. Yesterday Senator Shelby, ranking Republican on the U.S. Senate Committee on Banking, Housing and Urban Affairs, met with the President and brought with him a 5 page list of the nation's leading economists, who do not agree with the Bailout Proposal and have offered alternatives.
The veil has been lifted for those who have eyes to see it. We are being shown who is in control of America, and it is what many of us know already - the bankers- the central bank. It is a sickening display.
Right now we are relying on the rest of the world. If they continue to dump or threaten to dump our dollar, we are sunk, and if our representatives pass the Bailout and the Fed "prints" all those billions of dollars, (trillions when its all said and done) we are sunk. Our dollar will be worthless. Either way they are taking it to zero.
It is not an ideal situation but we are in it and there are other factors bringing us to our knees.
"The 3rd Infantry Division’s 1st Brigade Combat Team has spent 35 of the last 60 months in Iraq patrolling in full battle rattle, helping restore essential services and escorting supply convoys.Now they’re training for the same mission — with a twist — at home.
Beginning Oct. 1 for 12 months, the 1st BCT will be under the day-to-day control of U.S. Army North, the Army service component of Northern Command, as an on-call federal response force for natural or man-made emergencies and disasters, including terrorist attacks."
We are on our own, people. Congress is merely making a final attempt at looking sincere, as they have been profiting all along.The main stream media has no loyalty to America either. Their strings are pulled the same way by the same people. America has been hijacked. We have lost everything, and now they want to leave us broke and homeless on the continent our forefathers conquered.
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by James Ring Adams
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Number of pages: 308
Publisher: John Wiley
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