To any Gifters that missed My point about borrowing, refinancing, whatever You have to do to get physical in Your hand ounces ok? all those LOANS will become toilet PAPER!
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Who Will Be Next Victims of Debt-Crisis ‘Godzilla’?
Jeff Nielson
The transformation of the mainstream media from “news” to schlock-entertainment is now complete. Witness this headline from Bloomberg News:
Saving Cyprus Means Nobody Safe as Europe Breaks Taboo
Ooh! “Nobody safe.” “Breaking taboos.” Sounds like an advertising ‘teaser’ from some low-budget horror movie. Confirming that we are now dealing with the plot from a low-budget horror movie is the second sentence of the article which followed:
…The island nation’s rescue sets precedents for the euro zone that may stick in the memory of depositors and bondholders alike as investors debate who will next fall victim to the debt crisis.
“Who will next fall victim to the Debt Crisis”? It wasn’t banksters and corrupt, Traitor Politicians who stole depositors’ money out of Cyprus banks. It was some amorphous, economic “Godzilla” who did the dirty deed. It’s not the bankers’ fault. It’s not the politicians’ fault. Blame the Debt Crisis.
Where does one start in deconstructing this insane propaganda? The obvious place would seem to be that the Debt Crisis wasn’t created by us, but rather by the very same Frankenstein-bankers and Frankenstein-politicians who now claim the right to steal from us to pay for their mistakes.
Obviously the only people who should be “paying for” the Debt Crisis are the politicians and banksters themselves. But this merely scratches the surface when it comes to the outrageous half-truths peddled by Bloomberg, primarily through the use of absurd euphemisms.
Stealing money out of peoples’ bank accounts is “breaking a taboo”? No. It is committing a crime. The fact that it is our governments (or banks) now committing these crimes, and that they tell us “it’s legal” does not change this reality in the slightest.
Note the intentionally misleading use of neutral language here, as yet a further attempt to absolve the Criminals of responsibility for their crime:
The island nation’s rescue sets precedents…
Sets precedents? Really? “Precedents” are the judgments of formal trials, pronounced by a judge – after all of the evidence has been presented and evaluated in an open courtroom. At the very least; it is the outcome from some official (and legal) process, like an election. It’s not a small group of Criminals assembling behind closed doors and arbitrarily choosing to steal assets from a specific group of Victims. That’s how crime syndicates operate.
Godzilla is now rampaging across the economies of the West, out-of-control according to the Corporate Media. How did this happen? Are the bankers and politicians to blame? No, it was the island nation’s rescue which (supposedly) set the precedent. The Debt Crisis forced this extreme measure. Godzilla created itself.
Note the differences, however, between the low-budget horror movies of the 1950’s and our real-life “Godzilla movie”. At least in the theater-versions of Godzilla; the army of Japan makes a valiant-but-futile effort to fight the Monster. With our economic Godzilla now terrorizing Europe, what do we see “our Army” doing (i.e. the bankers and politicians)? Shrugging their shoulders and speculating about “who will be the next victim?”
Sorry, my apologies. I’m being unfair. The bankers and politicians tell us they are “doing something” to battle the Debt Crisis; and the Corporate Media faithfully assures us it’s true. Let’s take a closer look at their efforts to “fight” the Debt Crisis.
The bankers and politicians tell us they are “bailing out” the Debtors. Sounds good, since by definition the only way you can “bail out” an insolvent debtor is by either giving the debtor money or forgiving some/all of the debts. Except that’s not what the corrupt bankers/politicians are doing – and what the Corporate Media continues to insist they are doing.
What the banksters and Traitor Politicians are actually doing is lending more money to already-insolvent banks and/or sovereign governments. I have previously characterized this as “putting out the fire with gasoline.” This is incorrect.
Gasoline is a fuel. Thus the expression translates to adding fuel to the fire to attempt to “put out the fire.” What the banksters and Traitor Politicians are doing is adding new debt to the old debt (of already insolvent entities). They are (supposedly) attempting to put out the fire – with more fire.
In the case of the Debt Crisis “monster” invented by Bloomberg and my Godzilla metaphor, the analogy is obvious. The bankers and politicians are feeding Godzilla steroids, and then getting the Liars in the Corporate Media to absolve them of any responsibility when Godzilla gets hungry.
To be precise, our bankers and politicians are feeding Godzilla enormous quantities of steroids. In relative terms, Godzilla was the proverbial “98-lb weakling” when the bankers and politicians began “fighting the Debt Crisis” (i.e. feeding it steroids). Today, Godzilla is a gigantic behemoth which is so ravenous and indomitable that even the “safe”, “secure”, “insured”, “guaranteed” money which people have in their bank accounts is no longer either safe or secure.
What makes Cyprus different from other “bail-outs” is that the loans to insolvent entities are now being augmented with stolen money. But the bankers and politicians aren’t to blame as Godzilla goes on its rampage. How do we know? The Corporate Media tells us its so.
It is the most elementary of tautologies that you cannot “put out” a fire with more fire. No matter how little credit we give the Thieving Bankers and Traitor Politicians in the way of intellectual prowess; it’s impossible for any one of these individuals not to fully understand that tautology.
Yet all of the so-called “bail-outs” have involved lending more money to already-insolvent entities. From Day 1, the bankers and politicians have been knowingly putting out the fire with more fire – claiming they were doing something which is logically/theoretically/mathematically impossible. From Day 1, the Corporate Media (our supposed watch-dogs of the Truth) have been lying to us (on behalf of the bankers and politicians) and insisting to us that putting out a fire with more fire was a “bail-out.”
If there is anything truly “monstrous” here it is the pretense (by the media/politicians/bankers) that nothing can be done to prevent Godzilla from continuing its rampage – and ‘stomping on’ the bank accounts (or pensions) of more victims – now that the “precedent” has been “set”. Nothing could be further from the truth.
What is the ultimate fate of all insolvent entities? They go bankrupt. In our modern economies; it is understood that it is always in the best interest of insolvent entities to declare bankruptcy as soon as possible (in order to restructure), as this is how one minimizes the economic damage for all parties concerned.
Why are our politicians (and bankers) pretending that our governments and Big Banks are still solvent? Why are they lying to us, and telling us they are “bailing out” Debtors when they are doing the exact opposite: burying them in much more debt?
Why are they feeding Godzilla massive amounts of steroids? Because as our entirely corrupt economic system now lurches toward inevitable implosion; these insolvent facades (created by the bankers and politicians) will be used as the excuse to openly steal as much of our wealth as possible before Final Implosion occurs.
Understand that the solution here is as obvious as it is inevitable. Debt Jubilee, a recurring event throughout history, is when all debt is wiped away (in economies/systems which have rendered themselves hopelessly insolvent). This would not simply “fight” Godzilla; it would instantly erase the monster. Our governments are not “forced” to steal from us. They choose to steal from us.
There is only one way to protect yourself from “Godzilla” (i.e. our bankers and politicians). Move as much wealth as possible out of any/all forms of paper, and (most importantly) out of the custody of these Criminal financial institutions – and into the safety/security of “physical” gold and silver bullion.
