Share on Google Plus Share on Twitter 1 Share on Facebook 4 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit 1 Share on StumbleUpon 1 Tell A Friend 2 (9 Shares)  
Printer Friendly Page Save As Favorite View Favorites (# of views)   4 comments

Exclusive to OpEdNews:
OpEdNews Op Eds

Grandest of All Ponzi Schemes? Foreign Central Banks Begin Buying US Stocks

By   Follow Me on Twitter     Message Richard Clark     Permalink
      (Page 2 of 2 pages) Become a premium member to see this article as one long page.
Related Topic(s): ; ; ; , Add Tags Add to My Group(s)

Must Read 1   News 1   Supported 1  
View Ratings | Rate It

opednews.com Headlined to H2 3/3/12

Author 8235
Become a Fan
  (110 fans)
- Advertisement -

Tracing Our (Soon-to-be-DoubleDip) Recession and the Aforementioned Ponzi Scheme that Will Trigger It, to a Memo 40 Years Ago That Thrilled Richard Nixon . .  

. .   as explained in an upcoming documentary film, "Heist: Who Stole the American Dream?"  

The Powell Memorandum  helped spur the formation of advocacy research organizations like the Heritage Foundation and the Cato Institute and paved the way for lobbyists to descend on Washington.   In 1978, while on the Supreme Court, Lewis F. Powell Jr. successfully argued for the right of corporations to make political contributions.   

The movement to deregulate government control of corporations and to disempower organized labor accelerated after the 1980 presidential election.   An early public battle in 1981 pitted Ronald Reagan against striking air traffic controllers.   The film says that the number of American workers in unions has dwindled to 1 out of 14, from 1 in 3 in the 1950s.   

The filmmakers swiftly tick off legislation that they regard as concerted class warfare waged by corporations in collusion with corporate-controlled news media against the middle and working class: Starting in 1994, the North American Free Trade Agreement, which encouraged the outsourcing of cheap labor; the 1999 repeal of parts of the Glass-Steagall Act which had separated commercial and investment banking; and the Commodity Futures Modernization Act of 2000, which deregulated over-the-counter derivatives, allowed financial institutions to run wild.   Both major political parties, they argue, promoted deregulation fever.   

In short, the mess we're in now did not begin on Wall Street.   Long before the financial collapse, the dismantlement of government regulation was well under way.   All the consequences are the result of a brilliantly executed coup.   This is the story of the biggest (ongoing) heist in American history.   

- Advertisement -

- Advertisement -

Next Page  1  |  2

 

- Advertisement -

Must Read 1   News 1   Supported 1  
View Ratings | Rate It

Several years after receiving my M.A. in social science (interdisciplinary studies) I was an instructor at S.F. State University for a year, but then went back to designing automated machinery, and then tech writing, in Silicon Valley. I've (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Was Pat Tillman Murdered by an American Sharpshooter to Shut Him up?

New JFK assassination bombshells

Two U.S. presidents implicated by ex-CIA black-ops assassin

The cholesterol - heart disease scam: How the medical-industrial complex is raking in billions at our expense

Four Ticking Time Bombs That Will Soon Ignite a Revolution

The Ultimate Goal of the Bankster-led Political-economic Warfare Being Waged Against Us Is . . . ?