It's been announced by Der Spiegel that the International Monetary Fund (IMF) will conduct a Financial Sector Assessment Program review of the U.S. financial system. It's being characterized as an embarrassment for the Federal Reserve and it's chairman, Ben Bernanke, by David HIrst in his piece, "IMF finally knocks on Uncle Sam's door," June 30, 2008.
According to David HIrst, Der Spiegel said the IMF would be looking closely into the affairs and records of "the Fed, the Securities and Exchange Commission, the major investment banks, mortgage banks and hedge funds."
Well, it is a ploy. It is a cover. There are many people on the Internet who have been blogging about the truth that the whole system is a sham. I'm one of them. Someone has to react to us in an attempt to appear to be doing something constructive, to buy time, to wear down the opposition, to depress people into giving up, etc. It's what they always do, only now you know it right out in the open. The light is shining, and those in the dark hate being exposed by it. Just think about it more, talk about it more, act upon it more, and do the really right thing, and they won't be able to dim the light. It will only get brighter and brighter.
The plutocrats know that. This won't be different from the 9/11 Commission though. Don't get your hopes up. The bankers run both sides of the Atlantic. The IMF has known all along what's been being set up in the U.S. They are just taking this decision for the sake of appearances. They are going to attempt to placate the masses, including many millionaires who are suddenly discovering that they aren't very rich and will be much less so in the not to distant future.
Inflation is going to come on and then the belt is going to be tightened. Inflation will be broken over the backs of the poor and lower class and middle class. The tax cuts will be ignored as much as possible while the welfare safety net and entitlement programs are to be ravaged. The loosening earlier was just a maneuver to take away the potential argument that Milton Friedman's method should have been tried. Well, it's been tried and it hasn't work. Anyone who's surprised by that probably thought Milton Friedman knew something about economics, which means running the household. He knew nothing. He only knew how to run it into the ground so the common people could be consumed so the rich could get fatter devouring them.
The wages and salaries of Americans are going to go down, down, down relative to the rest of the world. It's the wages of sin. The American people were arrogant. Now they are to get their comeuppance.
Voting for the likes of Barack Obama isn't going to mitigate a thing. He's just more of the same-old-same-old. Unless and until the American people really embrace Christlikeness, things will just continue getting worse even while some things appear to be getting better and in fact will be improvements of a sort. It won't be good enough though. The rabid capitalist model is dead and needs to be buried, because it is a curse upon the land.
There is a great leveling that's in the making. The bottom in China and India isn't going to rise to where Americans were in the 1950's. All the common people of the world are to level out much lower than that if the ultra rich get their way.
The whole idea is to take away as much autonomy and sovereignty from others as possible. The world bankers want to reestablished themselves as the nobility of old.
The Federal Reserve is owned by European and American families (oligarchical families). They've been whittling away at the U.S. economy since the founding of the United States. They hated that the currency didn't come out of their fractional-reserve, private banks. That's why they railroaded the Federal Reserve Act and the Income Tax through the U.S. legislature. It has been Alexander Hamilton's dream come true and a disaster. The booms and busts have all been choreographed to continually weaken the common people so more and more despotism can take root.
George W. Bush is a major player in this whole affair. His whole family is in league with those who seek to strip the people of as much ability to voluntarily cooperate collectively with each other as possible.
It is the people being made aware of the alternative that is voluntary collectivity that frightens the despots the most. That's why they never even discuss it. They ignore it at all costs. They pretend as if it isn't there as an alternative to the current evil system.
It bothers them that there are people such as myself who go ahead and write what isn't supposed to be even slightly felt. They just don't even understand how people like me even can see voluntary collectivity or the Commons as the alternative. We aren't supposed to be able to see it because the idea was supposed to have already been killed off. Obviously it hasn't been killed off. In fact, it is very much alive and growing by the second around the planet. That's why so many people are braving the system and doing what they call "speaking truth to power." Of course what it really is is speaking truth to weakness. That's because the house of cards that is the current system is very weak. In The Bible, it's depicted as having feet of clay that the Rock of Ages will pulverize, and so it will.
What humanity needs to do is put everything into giving and sharing and serving each other in the least harmful even completely harmless and most beneficial way. That's the idea upon which the Christian Commons Project™ is based.