There's a Violent World War Going on Right Now, with Millions of Casualties - Oligarchs vs. Everyone

[marmar]

AlterNet / By Thom Hartmann

There's a Violent World War Going on Right Now, with Millions of Casualties -- Oligarchs vs. Everyone Else
We have become, in the United States, and increasingly all over the world, a society with only two classes: Those who own, and those who owe.

January 7, 2013 |


History is littered with the corpses of those who thought they could conquer the world, or at least the “known” or “important” world, through force of arms. Many come immediately to mind: Alexander the Great; Caesar; Hitler; the Celts, Ottomans, and Catholics; various European, Asian, and American empires from the 17th Century Dutch to the 18th Century French, to the 19th Century British and the 20th Century Soviets and Americans. Others, like the Aztecs, are less well known to westerners, Europeans, and Asians, but no less ambitious.

All used some variation on war, the force of military power, to accomplish their goal. All won, over the short-term, and then collapsed over the long term (making the relatively safe assumption that the American Empire is in the process of collapse right now).

So, who’s next?

While the rising economies of the world, like the BRIC (Brazil, Russia, India, China) nations, all have the potential, particularly the Chinese, all also are pretty focused on regionalism. But there is one group that has declared war on us - all of us, all over the world - and already won some significant victories. And that’s the creditor class, what economist Henry George called the “rentiers,” and we generally today refer to as “the billionaires.”

The top story on the Sunday, January 6 2013 online edition of the Financial Times, was headlined, “Banks win more flexible Basel rules” by Brooke Masters. The lead paragraph noted that “International banks received a new year fillip” or gift, when the new regulations out of the Basel bank regulators meeting “announced that the first ever global liquidity standards would be less onerous than expected and not be fully enforced until 2019, four years later than expected.” Perhaps the single most relevant sentence in the article started: “The results are largely good news for bank profits…” .....................(more)

The complete piece is at: http://www.alternet.org/news-amp-politics/theres-violent-world-war-going-right-now-millions-casualties-oligarchs-vs-everyone

[KoKo]

1. Yes...this is true..for those of us who read "Financial News" it's

DONE....


Thanks for the post.

It's been posted here on the SMW Forum here on DU...but, few go there to read to be informed about the USA's Financial Status.

Good to see it "Above Ground."

's

[marmar]

2. Yep. Glad to see Thom Hartmann talking about it.

nt

[hfojvt]

3. except we do not all owe

Many of us get into owing due to our own volition - living large.

In some ways we give them the rope they can use to hang us.

[xiamiam]

4. they plotted and planned that rope..they gave us statistics about how wonderful everything was

they made money easy to get for housing and for credit. a chicken in every pot became the right for every one to own their own home..they plotted and planned..this was figured out well before the housing crisis began to show up in every neighborhood and on every block..Just today, I read that Chase was in negotiations to purchase WAMU in 2005..2005?. WAMU was handing out loans right and left in 2005.. ..Goldman Sachs was betting against them..chase completed negotiations after WAMU went under in 2008..Yes, they planned it..and they made trillions...No one will escape this..even if you think its ok to blame the victims..no one can escape the fact that they made money and created a once in a century upheaval of the middle class. No one on these message boards will escape it. Its across the street or at the local corner store..the sad haunting look of despair and fear. They did this..and the federal govt enabled it. Its bigger than individuals living large as you say, or getting lines of credit to remodel the houses that the banks eventually foreclosed upon.