Thursday, May 20, 2010

Rape and Pillage: Its Class Warfare

John Pilger has a wonderful article describing the pillaging by financial elites. European citizens are much more attuned to the class-based nature of the assaults currently underway against social-welfare programs and institutions. Pilger's article is worth reading:
http://www.globalresearch.ca/index.php?context=va&aid=19243

Some excerpts from his article:

"As the investigative journalist David DeGraw has reported, the principal Wall Street banks that 'destroyed the economy pay zero in taxes and get $33bn in refunds.'"

"In Greece, as in America and Britain, the ordinary people have been told they must repay the debts of the rich and powerful who incurred them. Jobs, pensions and public services are to be slashed and burned, with privateers put in charge. For the EU and the IMF, the opportunity presents to "change the culture" and to dismantle the social welfare of Greece, just as the IMF and the World Bank have "structurally adjusted" (impoverished and controlled) countries across the developing world."

In the developing world, a system of triage imposed by the World Bank and the IMF has long determined whether people live or die. Whenever tariffs and food and fuel subsidies are eliminated by IMF diktat, small farmers know they have been declared expendable. The World Resources Institute estimates that the toll reaches between 13 and 18 million child deaths every year. This, wrote the economist Lester C Thurow, is "neither metaphor nor simile of war, but war itself".

"In the developing world, a system of triage imposed by the World Bank and the IMF has long determined whether people live or die. Whenever tariffs and food and fuel subsidies are eliminated by IMF diktat, small farmers know they have been declared expendable. The World Resources Institute estimates that the toll reaches between 13 and 18 million child deaths every year. This, wrote the economist Lester C Thurow, is "neither metaphor nor simile of war, but war itself".


If Pilger's words seem too harsh, read at Bloomberg how the banks conspired to bilk taxpayers by rigging interest rates swas on municipal bonds:
http://www.bloomberg.com/apps/news?pid=20601109&sid=axH24KWxjVDE&pos=10

If you are still unconvinced, read about how the illegal practice of naked short selling was used in the US to rig markets and used abroad to attack countries (Guest Post by Jesse):
http://maxkeiser.com/

The evidence is VERY clear that out-of-control banks and hedge funds are pillaging publics while obliging governments are assuming their losses, implicitly encouraging their attacks by failing to break up the too big to fails and failing to enforce laws designed to regulate markets.

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