Sunday, October 12, 2008

Full-Spectrum Global Financial Domination

Shock and Awe in Economic Warfare
By STEPHEN MARTIN
CounterPunch
October 10 / 12, 2008

Naturally the common people don't want war; neither in Russia, nor in England, nor in America, nor in Germany. That is understood. But after all, it is the leaders of the country who determine policy, and it is always a simple matter to drag the people along, whether it is a democracy, or a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is to tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same in any country.

-- Hermann Goering

In the Economic War currently being waged, the first phase of the telling of such tale of attack, illustrated vividly by image, and with the objective of further building war chest, is over. We have seen the collapse of Lehman Brothers as sacrificial wolf, heard further sabres being rattled in form of AIG, Freddie Mac and Fannie Mae, and bailout, or rescue gone through on the basis of fear and plunging markets. The public coffers have been prised opened further as to plan.

Now the second phase of Economic Blitzkrieg is to begin, and the bad news is that as in total war, the citizen is no more than mere fodder to bomb. The firebombing of Dresden still stands as the worst atrocity of such total war. In Economic War, collateral damage; whether through default on mortgage, wipe out of pension or life savings, loss of livelihood, homelessness - all just battlefield casualty.

This is one big, bold, beast of a high risk strategy towards full spectrum Global Financial dominance no less, and as must have been years in the planning. Even as strategies of war such as scorched earth and the surprise of Blitzkrieg go, it has callousness almost unimaginable in the misery and sufferance it is willing to inflict, including on it’s own people, given that it’s origins are in America - although it has to be pointed out that the true free marketer as Economic warrior, financial terrorist and beast is without country; loyal only to the maximisation of profit as expression of greed and quench of power lust – and as heartless a whore as can be found in the deepest of tragedy.

Economic Warfare Shock and Awe works like this:

First of all you create a shocking financial poison. Then you create the environment necessary for that poison to circulate in the enemy economy, ideally in a situation where they do not know they’ve even swallowed it in quantity– until it is too late. Iceland for example. Many other Economies are also on the brink of being such ‘suckers going down’. Iceland just the first - but hey, every little economy helps when the target is Global Financial Domination.

Let’s examine the brewing of this financial poison, before we turn attention towards the antidote. Just like watching in horror the Stukas dive bombing to terrifying wailing of siren – before the storm troopers are sent in to establish control as achievement of objective in Blitzkrieg manoeuvre. The strategy: first create and administer the shocking financial poison -and then have antidote conveniently to hand, offered with strings attached.

It has to be said that he scale of this particular poisoning makes the Borgias look like little more than mere dilettantes.

Trouble with the Borgias was no ambition.

The shocking financial poison. Stand back in awe. Known by many names, but let’s stick with the most popular. The collateralised debt obligation, or CDO. In order to produce such poison, you require a pump. A special pump fuelled by greed – commission mainly, but also in form of release of equity - by the greed or need of the dupe – and there are lots of dupes out there, as I can personally testify, alas. So what you do is you use this pump on the market, after priming, and inflate the value of as much Collateral as you can (that’s the Real Estate, or the homes citizens have need to live within) and then stand back and watch as greed leads to the inevitable cycle of events. At each little stage in the cycle, more commission is taken out, more bonuses taken until what you have left, the distillate as it were, is a highly toxic pile of worthless paper on some poor sucker’s balance sheet as a dump, where it masquerades as current ‘asset’, liberating noxious fumes. Has something died in the cellar? Get enough of this toxic crap circulating and dumped, and you can bring down whole economies.

There are other financial poisons in the market, including the original ‘fiat currency’, but as these are of lesser toxicity, more gradual in action, also with different antidote, equally shocking in the administration. Not go into detail, other than to mention that the fiat currency, for example, can be useful in the accumulation of tangible assets - but money from the public coffers was still required in this instance.

Remember, this is Global in aspiration.

Phase 2 of the implementation of Shock and Awe Economic warfare in the Master Plan involves the ‘assisted revival’ of the poisoned economies. The vehicle for delivery of the antidote, not the real villain, mind you, merely the accomplice, is the ‘International Monetary Fund’ stepping forth with bold new initiative. It’s springboard: the Economic War Chest, coffers overflowing. The objective being a controlling piece of the action, effectively control over banking and finance in the ‘assisted’ economies. No such thing as a free lunch, remember., especially when the IMF are involved – just ask any Chilean or indeed, Brazilian.

Who needs guns and bullets, when you have these financial storm troopers in the arsenal and such a huge war chest?

The term ‘high risk’ was given earlier.

In the shakedown stage; Phase 1 and even considerably well into Phase 2, victim economies undoubtedly suffer. Contraction in productivity, mass unemployment, paralysis of financial institutions, a lot of big manufacturing companies may even go down. They can be rebuilt, suitably re- financed. The secret, and indeed the risk, of this Master Plan is the acceptance of the assisting financial package as antidote, by those still in shock and awe. This requires a global channel to prevail, which will have allowed the free flow both of poison and of antidote. Should the channel be shut down, then plan b has to be adopted as back up. This is a regrouping and consolidation in base economy, using economic war chest to further control - in rebuilding the American Economy, taking advantage of shock and awe as undoubtedly present therein. Money can be loosened up again - from that war chest. America can be rebuilt, to slightly different image, and with more singular focus.

Back up plan c, in the highly unlikely event that citizens get wise to what is going on, and start bleating about the constitution and Democracy, doesn’t bear thinking about, especially if the global channel is shut down. Suffice it to say, Posse Comitatus as distant a memory as free press.

But hey, you’ve got to speculate to accumulate, right? And when it comes to detailed speculation and exacting accumulation on such a scale, who else has the experience - and now the ‘reserves’ necessary?

Thus proposed the Master Plan of Shock and Awe in Economic Warfare, as currently in implementation, in progress of moving towards Phase 2.

Full Spectrum Global Financial Domination, here we go. Don’t worry all you poisoned economies out there. The antidote is on the way.
Is such interpretation no more than Paranoia born of desperate questioning in response to the current Economic chaos going on around the world?

Maybe the hundreds of Economists not even consulted over the largest bailout in history have an answer.

In any event, God help us.

Stephen Martin can be reached at: stephenmarti@yahoo.com

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