The pattern is clear. America's predator finance capitalists, who are clearly in control, run roughshod over the global economy with nothing stopping them.
Their model is simple: First, lever nations up with debt by using schemes that involve massive control fraud, then force them to the brink of bankruptcy and then offer to "save" them with "bailouts" via central banks or the IMF or World Bank, in exchange for brutal austerity. This destroys labor bargaining power and income, it also necessitates asset liquidations at fire sale prices.
That's when the predators swoop in to buy up these assets at pennies on the dollar and begin imposing fees for the use of the very same assets that once belonged to the people, which by the way, were paid for many times over as a result of taxes collected. In effect the new owners, the finance capitalists, impose a new tax for an asset that we the people once owned free and clear.
Now for the loans. Of course the loans are such that they can never be paid off because their terms are so onerous. This ensures that the austerity never stops because the threat of bankruptcy is always there. Only when the body of the victims have been sucked dry of every possible remaining asset do the predators discard the wretched carcass, but before they do, they take whatever is left of the pensions of the public workers. Then they look for a new victim and repeat, all the time aided by the law enforcement and military apparatus of the United States, which is unchallengeable.
I may have left some things out, like a corrupted academe (economics profession, certain universities i.e. Harvard, Stanford, U. of Chi.), which enables these frauds and thefts thanks to bogus research (Reinhart & Rogoff stuff), a cowardly and unsrupulous media that will do or say anything for ad dollars and a dumbed down citizenry.
But you get the picture.
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