In stark terms, Fitts says it's more than just "a process designed to wipe out the middle class. This is genocide (by other means) - a much more subtle and lethal version than ever before perpetrated by the scoundrels of our history texts."
It's a government-business cabal for enormous profits through "legislation, contracts, regulation (or lack of it), financing, subsidies," and massive handouts to Wall Street favorites. Carefully rigged for powerful elitists, the public is so cleverly harmed that few understand what's happening - literally that their livelihoods, welfare and lives are being destroyed in real time. The America older generations knew no longer exists, the dream of millions wiped out, and it's also happening throughout Europe.
In his September 30 article titled, "The Neoliberal Experiment and Europe's anti-Austerity Strikes," Michael Hudson explained sinister plans "to drastically change the laws and structure of how European society will function for the next generation. If (successful, they'll) break up Europe, destroy the internal market, and render that continent a backwater. This is how serious the financial coup d'etat has become. And it is going to get much worse - quickly....The bankers are demanding that (governments) rebuild their loan reserves at labor's expense." It's also Obama's scheme, shifting greater wealth to the rich, impoverishing the rest.
Throughout the West, neoliberals are in control. "From Brussels to Latvia, (they) aim to shrink their economies to roll back wage levels by 30 percent or more - depression-style levels - (for) 'more surplus'....to pay in debt service," tribute to global bankers, turning Europe "into a banana republic." It's also planned for America.
"This requires dictatorship." Labor is targeted for destruction. "Europe (like America) is entering an era of totalitarian neoliberal rule." So-called "free markets" aren't possible without it. But wait - "This is economic suicide, taxing labor, not the rich, and at the same time "slash(ing) wages and pensions, cut(ting) back public spending and employment, and shrink(ing) the economy," turning Western societies into dystopian backwaters, a dark future unfolding in real time.
In his October 2 International Forecaster report, former insider and long-time financial expert Bob Chapman adds more about America, saying:
"There is no question that those who control our government from behind the scenes are bound and determined to take over the $6 trillion in private pension plans. Whether they'll be successful remains to be seen. The Department of Labor wants to force all IRAs and 401ks into the arms of a corporate fascist government, that knows (best what's) good for you." They want public investments exchanged for "a guaranteed, government annuity that is not worth the paper it is written on."
"Small amounts would go into" government retirement R-bonds, the larger portion earmarked for Wall Street - the usual suspects profiting, including Goldman Sachs, JPMorgan Chase, Citigroup, Bank of America, and other giants for even greater market control than already, and far more capital to manipulate for profit. Chapman calls it "monopoly control and subjugation of worldwide investments, a total hold on the control of all investments" to scam the public more than ever and head them deeper into poverty, exactly what Washington and Western governments propose.
On the pretext of reform, destroying Medicare and Social Security are also planned by privatizing them, earmarking them for Wall Street, the same way 401ks killed corporate pensions.
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