Posted 9 years ago on Oct. 11, 2011, 2 a.m. EST by quadrawack
This content is user submitted and not an official statement
Because for all the marching, for all the protesting, there's a beast that very few of you are even considering. It's horrific in size, in it's destructive monstrosity, and what it will do to everyone, from governments to families, even to the Wall Street bankers we villify. It's also the mutated frankenstein of the centralized, debt based, fractional reserve banking system.
It's growing right now, at this very moment. It's across the pond, and it's going to make 2008 look like a picnic. And its unforeseen consequences, will effect all of you to the very bone.
The catalyst to that monster is the European Financial crisis. It's already here, right now. The fall of Europe and the Euro is going to cascade into the fall of the Dollar, the unit you use to trade in. But that's all just a side play. Because, you see, there's something called a derivatives bubble, that's about one quadriliion dollars. That's one thousand trillion dollars. The worldwide GDP is just 58 trillion dollars.
What's a derivative? Imagine you're a trader at one of those Wall Street Banks. You went to the horse races, and bet money that you don't have, that Slickster's going to win. You bet a hundred bucks. Well, slickster didn't win, but you took that bet, put it on a piece of paper as an IOU, and then use it to purchase something. That's the basics of a derivative.
There's a quadrillion of em floating around. And they're all worthless. But they're on the books.
Here's the chain of events as I see it. Just this week, Dexia, a massive Belgium bank, cratered. Every city in Belgium is invested in that bank, and by law, they can't get out. That means the fall of Belgium. Just today, Erste group in Austria, despite being well capitalized, has massive losses due to CDS's aka Credit Default Swaps, a vile Goldman Sach's invention.
No one knows how many European banks are exposed to these things. And many of those banks, like Dexia, traded in derivatives. In a LOT of derivatives.
Greece falls. Germany quits the Euro. Euro falls. CDS's revealed as frauds, once again link to our banks, the Too Big to Fails, who, because we bailed them out, are even BIGGER to BIGS TO FAILS. Now we really can't do anything about them. They all go down. HARD. Because the Euro disappears, people discover the fraud that is the dollar. China dumps treasuries in response to recent tariff actions, and also because they've figured that the dollar is toilet paper.
But that's just the icing. The derivatives, are worthless, but were actually traded and recorded on the Bank records. That's what the Banks owe. It's a massive financial black hole. Because of that, credit evaporates, companies can't make payroll, grocery stores can't buy food, farmer's can't get paid, gas can't get pumped, electric companies can't make payment for fuel.
Your protest, peaceful as it is, and it's one that I greatly sympathize with and appreciate, sadly, my gut feeling is that economic impact, will make the disenfranchisement turn violent.
Communities and states start to beg the Federal government for help.
But because the dollar is now worthless, and credit is destroyed, the US federal government can't even make payroll.
That's when communities realize, they really have to stand on their own with each other. Welcome to the new America.
You will have your revolution, but because of what I'm seeing across the pond, and it's interconnectedness to us, no matter how I've tried to simulate it, I can't get past the conclusion that we're going to have a very chaotic, probably violent revolution. If you want to see what I'm basing my conclusions on, see post 1989 Russia. The only difference is theirs was an over centralized communist regime. Our country is an overcentralized fascist regime. (Mousolini's definition of fascism - collusion of government and corporations) which obviously is what we're all protesting against.