The Creeping Financial Coup d'etat
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The Creeping Financial Coup d’etat
One of the newsletters that I use as an excellent predictor of what the Tapeworm will do next (in the rah-rah Tapeworm mode) says that state and local governments are going to plug their deficits with privatizations.
This will unveil the next success of the housing and consumer pump and dump. First you bankrupt and drain local governments by selling them fraudulent paper. Then they have to sell you their most valuable assets at below market prices. That’s good because you need more subsidy to keep your uneconomic game going.
Wow, is this a money maker or what?
Guess what the opportunity is? Redirect our state and local pension funds to finance us to privatize our own assets under our control. Let the Tapeworm finance us….
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Catherine,
I believe what you are saying is true. I currently work with many banks and it seems that the banks make money at almost any cost to their customer. I have read about privatization and believe that state and local government will sell roads, airports and bridges under the auspice of being “all for our own good.” It is really sad, but we can stop it!
Catherine-
You rock, girlfriend! I’ve been watching your progress (and your horrible harassment at the hands of the bad guys) since I met you very briefly in the early ’90s at your home here in DC. ( I was helping out your friend, Gaye, at the time and she dragged me along when she stopped to visit you.)
I’ve lived in DC since late 1978 and got very involved in local issues in 1999. I laughed when I read your post on the Tapeworm’s next move–our city council and new mayor can’t ditch public property fast enough. (We did foil our ward councilman and mayor over the summer when they tried to hand over three public facilities siiting on some of the most valuable property in the City to their biggest campaign contributors.)
Your writings–in conjunction with my readings over the last 30 years–have helped me connect a lot of dots. My sense is that the biggest problem and driver of behavior is the fact that we are transitioning into a completely different way of life and that no one has a clue what that’s going to be looking like. There will be a lot of pain and struggle because of our natural tendency to fear and avoid change.
Do you think we can help in getting your message out about your seven financial reforms during the election? Or do you think these folks (the candidates and the press) are just too co-opted to be held accountable and the process too scripted and perhaps have thought about a better, bottom-up approach?