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Stranger than Fiction?

Stuart Madgin

I don't necessarily want to believe it, but it does seem as though something hidden is going on in the world of big economics and politics which affects us all. Did the present crisis 'just happen', as through the laws of nature, an will this be so with the next crisis and possible collapse? Or is it all part of an unfolding plan?

The recent bank-ruptcies were a direct result of financial deregulation linked to the emergence of the free market and globalisation. This setup seemed to unfold over 40 years through very deliberate stages which would obviously end in tears with a by-product of environmental destruction and a destabilised society. It began with Nixon in the early 1970s and the Chicago School of Economics, through Reaganomics and the Washington Consensus. Then brought to fruition by Clinton (repeal of the Glass-Steagal Act) and later Bush with the aid of the corporate Neocons. Growth and boom forever! Is it possible that this process was blind and could not see that it was the construction of a dangerous unsustainable house of cards? Ws it built on collective denial or rather built deliberately to fail?

Ellen Brown (SustEc, Dec. 2010) outlined the impact of the Mortgage Electronic Registration System (MERS). This has allowed the veiled handling of mortgage transactions which allowed predatory lending, fraud of local authorities and effectively the hole sub-prime disaster in America to happen, with its global consequences. Lehman was allowed to collapse and the came the $13 billion bailout to save the financial system. These banks that are 'too big to fail' have just carried on punting, asset-stripping and merging (JP Morgan buys Bear Stearns). Assets are falling into fewer hands and this is detrimental to the economy and wider society.

Over two years, and the crisis goes on – the second phase seemingly ready to break. Stemming from MERS is the claim that the legality of contracts between lenders and mortgagees has been broken. Transparency and continuity of deals has been obscured. Collateralisation, bundling and selling has gone on behind a smokescreen provided by MERS since about 2000. The legality of deed of ownership of potentially 62 million properties in the USA could be contested. Such a lost right of ownership will leave an enormous hole in the asset side of the bank' balance-sheets. Couple this with all the other problems in the financial system; then a magnified re-run of the 2008 crisis is possible. This time around, are the governments likely to have the will, collateral and the credit-rating to be able to borrow from the financial markets (at interest) to bail-out the system again?

It seems impossible that the same clever brains that have created this mess could have overlooked the flaws in the system and the consequences. Was the whole edifice a purblind accident, or set up deliberately this way? Considering the high-level revolving door between business, finance, politics and academia, notwithstanding the goings-on at Bilderberg and other secret associations(e.g. the Trilateral Commission), this situation would not have been impossible to arrange.

The World and its assets are sucked in; then the financial collapse. What then? Chaos, political instability, trade, currency, even military wars. Finally the solution is revealed: one-world government. A totalitarian politics of total surveillance and control. Perhaps the World empire plan started in 1694 with the formation of the first credit-creating private bank. It has been booms/busts and bigger political and financial empires ever since. So who/what is behind it all? Yer pays yer money and takes yer pick … The rich, bloodline families, the reptiles … or maybe just chance, human nature, coincidence, the laws of consequence … ?

Stuart Madgin, March 2011

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