Financial Meltdown: The Greatest Transfer of Wealth in History
How to Reverse the Tide and Democratize the US Monetary System
By Ellen Brown
Global Research, October 17, 2008
www.globalresearch.ca/index.php?context=va&aid=10589
author's website: webofdebt.com
"Admit it, mes amis, the rugged individualism and cutthroat capitalism
that made America the land of unlimited opportunity has been shrink-wrapped by
half a dozen short sellers in Greenwich, Conn., and FedExed to Washington,
D.C., to be spoon-fed back to life by Fed Chairman Ben Bernanke and Treasury
Secretary Hank Paulson. We're now no different from any of those Western
European semi-socialist welfare states that we love to deride."- Bill Saporito,
"How We Became the United States of France," Time (September 21, 2008)
On October 15, the Presidential candidates had their last debate before
the election. They talked of the baleful state of the economy and the stock
market; but omitted from the discussion was what actually caused the credit
freeze, and whether the banks should be nationalized as Treasury Secretary Hank
Paulson is now proceeding to do. The omission was probably excusable, since the
financial landscape has been changing so fast that it is hard to keep up. A
year ago, the Dow Jones Industrial Average broke through 14,000 to make a new
all-time high. Anyone predicting then that a year later the Dow would drop
nearly by half and the Treasury would move to nationalize the banks would have
been regarded with amused disbelief. But that is where we are today.1
more here: www.globalresearch.ca/index.php?context=va&aid=10589
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