Thursday, March 4, 2010

Banking on revolution

From Hadley Gustin's aticle in The Minnesota Daily:

...Alternatively put, the most powerful international bankers discovered long ago that they could hold entire nations hostage to their perpetual greed by deceptively convincing political authorities to endorse the consolidation of immeasurable power within a central bank.

Last Thursday, the spirit of economic dissent bubbled up again, this time in Greece. Like the earlier demonstrations in the United Kingdom and the United States, this one was specifically targeted toward the banking industry in light of Greece's economic collapse.

The Los Angeles Times recounted: “Police fired tear gas and clashed with demonstrators in Athens after some 50,000 people finished a peaceful march against cutbacks intended to fix the country's debt crisis. The violence lasted about 30 minutes when scores of youth hurled rocks, red paint and plastic bottles near parliament. Windows were smashed at the Finance Ministry's General Accounting Office.”

It is deplorable to see national regimes further devastate the socioeconomic conditions of their people by cutting jobs and expenditures that benefit them. In regard to Greece, the government will be curtailing civil service jobs and salaries instead of lowering the boom on its central banks responsible for sinking the nation into a sea of unmanageable debt now worth trillions.

This pattern of campaigns against central banks is no coincidence. It represents the beginnings of what will no doubt become a worldwide revolution. With almost every nation in dire financial straits, more will follow the example of protesters in London, Pittsburgh and Athens to resist the bankers jeopardizing their very livelihood...

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