Out from the bowels of the Trojan Horse of Globalism springs forth the IMF with new and unlimited resources (translation: America’s dwindling middle class) to bail out the deflating fantasy of European virtual wealth, conjured up by the multi-national Too Big To Fails and their central banking cartel. It appears that they are determined to hyperinflate the US dollar out of it’s untenable reserve position sooner, rather than later, as a “policy” decision of the emerging governance of global finance.

Yesterday’s breaking news would have been the defection (to the U.S.) of the People’s Bank of China Gov. Zhou Xiaochuan based on rumors of a 430 billion dollar loss on US Treasuries (or US GSE bonds?) which could only have been possible in relation to a 3.5 trillion dollar synthetic hedge gone wrong. But the rumor could not be confirmed. 

Moody’s “warning” to China against using debt purchased by other banks to recapitalize non-performing loans, a.k.a. “leverage American style” certainly seemed a likely precursor to the Party’s entanglement in the global banker’s dictatorship. But they are simply finance capitalists of another stripe, possibly testing the market’s response to a run on US Treasuries. Either way, this week’s financial news portends to be gory.

But today’s breaking news centers on IMF bailout 2.02 of speculative positions within the European version of the asset value fantasy, fueling the further destruction of virtually all fiat currencies among the developed decadent, soon to be former, sovereigns.

If you want to end the national auto-determination of sovereign nations, as the intellectual elite and world bankers have sworn to do,  just gain control of their currencies through your central banks, create massive volatility, use the reserve currency to fund the bailout of ficticious claims of massive credit induced appreciation against the collapse of massive credit de-leveraging until the currencies are literally worthless, i.e. “worth less” than the ficticious claims.

It’s not prostitution that’s the world’s oldest profession, it’s banking–and what a whore it is. This is the perfect scam if you’re:
1) already sitting on a 15 year old (or older) mountain of gold, or
2) ushering in a new global currency, like a bancor (or carbon credits) to scam the working class with all over again, or
3) both 1 and 2

There’s a moral to the bailout story, which Glenn Beck has recently captured: all ideologies fail once morally corrupted. Socialism, Communism and Capitalism, just to name a few. All have been corrupted, and all have thusly failed.

As we said, many, many posts ago, it is the moral bankruptcy of America which defeated Capitalism. The system itself, and especially its celebration of individualism, always had great promise. And it delivered on that promise for many years, before power corrupted it.

Now we see what globalism has to offer, with it’s pretense of collective salvation and social justice, under neo-colonial rule. We’ve had global dictatorships before–they don’t last forever.

It is important to realize that the cowards robbing your future are just that. And cowards only succeed in darkness, under cover, far from the purifying light of TRUTH. It only takes ONE CHARISMATIC LEADER to send them all scurrying under the baseboards like cockroaches, patiently waiting as they scheme, for the Leader to fall, or the light to fail.

Such leaders can TAKE ACTION to save our Republic under the present economic paradigm. Such leaders can accomplish this on a modest scale, like that of a functioning American STATE, with a working government, capable of sustaining WE THE PEOPLE through innovation, self-reliance and perseverance. But that economic paradigm is changing, and the window of opportunity is changing with it.

Last Saturday Glenn Beck rallied half a million people … doing what he is capable of, what he can. Others create blogs and publish articles … doing what they can. People of good character will do what their conscience directs them to, what they are good at, “what they can”. That’s all anyone can ask. And we will inspire, or motivate, or simply enable that leader of unwaivering principle and moral strength to lead the people back to their former character.

Glenn is correct about one thing: once the character of the people is restored, America is restored.

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