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Part IV: The Financial Coup d’Etat — The Economic Elite Vs. The People of the United States of America
* By David DeGraw, AmpedStatus Report *
This is the fourth-part of a six-part report.
I: Casualties of Economic Terrorism, Surveying the Damage
II: The Rise of the Economic Elite
III: Exposing Our Enemy – Meet the Economic Elite
IV: The Financial Coup d’Etat
V: Overcoming the Divide and Conquer Strategy
VI: How to Fight Back and Win: Common Ground Issues That Must Be Won
IV: The Financial Coup d’Etat
Although most of the Economic Elite live and operate inside the US, they are not concerned for our future. To them, the entire world is theirs and they work intimately with other elites throughout the world against the interests of the US public. Ever since the days of Henry Ford, the Economic Elite have needed a thriving US middle class to increase growth and profits, but now, in the global economy, they view the US middle class as obsolete. They increasingly look globally for profits and they would rather pay cheap labor in countries like China and India. On top of the millions of jobs they have already shipped overseas to increase profits at our expense, they are planning to ship an additional 25% of current US jobs overseas as well.
They now see us as the biggest obstacle to their continued consolidation of wealth and resources. This is why they have stepped up their attack on us.
If you want further proof of this, all one needs to do is study the Wall Street bailout. The entire bailout is strategically designed to eliminate the US middle class. Every time you hear the word “bailout,” you should think “coup d’état.” Here is the definition of coup d’état:
“A coup d’état or coup for short, is the sudden unconstitutional deposition of a government, usually by a small group of the existing state establishment… to replace the deposed government with another…. A coup d’état succeeds when the usurpers establish their legitimacy if the attacked government fail to thwart them, by allowing their (strategic, tactical, political) consolidation and then receiving the deposed government’s surrender; or the acquiescence of the populace and the non-participant military forces.
Typically, a coup d’état uses the extant government’s power to assume political control of the country. In Coup d’État: A Practical Handbook, military historian Edward Luttwak says: ‘A coup consists of the infiltration of a small, but critical, segment of the state apparatus, which is then used to displace the government from its control of the remainder’, thus, armed force (either military or paramilitary) is not a defining feature of a coup d’état.”
The bailout was a financial coup, an intelligence operation to seize control of the US economy and tax system. It is similar to what the Economic Elite have done through the International Monetary Fund (IMF) in many other countries throughout the world. It is clearly a case of economic imperialism. When financial coups are carried out in other countries, they call it a Structural Adjustment Program (SAP). The end result is the theft of working class wealth, the privatization of public functions and resources, rising unemployment, the elimination of the middle class and increasing taxation and debt that turns the overwhelming majority of the nation into a peasant class. This is exactly the track we are on now.
Just look at how they have already done this in many other countries, and then look at the “bailout.”
Read more at AmpedStatus Report
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Posted by Bob Higgins on Feb 22 2010, With 0 Reads, Filed under Economy. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.
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