FrankSpace

mmckinl says:
April 22, 2013 at 4:45 am

What we are seeing is an attempt by the banksters to recapitalize the wealthy, corporations and the banks while at the same time deal with peak oil production and the inevitable economic contraction that peak oil production initiates.

What we see is the managing of this economic decline to the advantage of the elites. Rather than right off trillions in bad debt owned by the elites they will make good on that debt through austerity and under-reporting inflation …

They are managing this economic decline by misreporting stats for the banks and the economy. You will notice that these economic air pockets will coalesce around heavy oil demand. So far they have reduced Brent to around $100. Now it will be their job to once again restart what growth they can.

We will see this scenario play out year after year until it just doesn’t work anymore and financial chaos takes place at which time they will institute fascism and a police state to secure their power … We have already seen the loss of rights and the implementation of militarized local law enforcement.
Reply
Read more at http://www.nakedcapitalism.com/2013/04/the-hissing-sound-of-air-leaving-the-economy.html#zYOlH6vY87mvqRu5.99