Editorial: Over the past year or two I have been
watching some disturbing news stories from around the world that
seemed to have some common traits. Have you noticed it too? Think of
Detroit, Argentina, Greece and Puerto Rico as prime examples of what
I have been observing.
These cities and countries were all
loaned money by big banks, hedge funds, and other wealthy investors.
Even though they were risky loans, these investors continued to lend
money long after it was obvious the cities or countries could never
repay them. Why?
The investors deliberately continued
down a path that would ultimately bankrupt the cities or countries.
Keeping their identities secret, the investors hid behind the cover
of the International Monetary Fund (IMF) or other powerful
organizations like the European Union (EU), they continued to lend
money while simultaneously driving these governments further into
bankruptcy.
Their goal appears to be consistent.
Drive the governments into bankruptcy, take control, and then loot
everything that isn't nailed down. Buildings, land, works of
art, pensions, the treasury and more. These investors, or their legal
agents, then typically proceed to lay off workers, raise taxes, shut
down schools, ignore voters, and proceed to carry out their many other evil
designs - all under the cover of the law.
It has worked in numerous other
instances. Eventually you start to see the pattern repeating itself
with more and more frequency. What cities and countries are the next
targets? Do these investors really believe they can remain secret and
continue to run amuck? Apparently they do. Unfortunately, it all
eventually becomes exposed and leads to all sorts of other
destructive behavior.
Am I the only one seeing this
pattern? Is this part of the future we want? Big investment banks, hedge funds,
and wealthy billionaires openly replacing our governments. I don't
think so. Share your thoughts on this topic with our readers.
