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Shock Doctrine-- break down the community, the support structures, break the unions, de-regulate and bring in outside corporations and big-money investors. Naomi Klein described it and it's been done again and again, first in third world countries where the US appointed dictators, now in a major city where a right wing Governor appoints a dictator. There is a predictable Shock Doctrine script which Naomi Klein has described. It looks alot like what's been happening to Detroit. Privatization of resources-- we've seen this in other nations, where they attempt to privatize the commons, including water. Many are speculating that Detroit is attempting to sell its water operation to a private buyer. Raising prices so the poor can't afford to live in prime real estate areas. The water rates in Detroit are almost double the average in the rest of the nation. Creating predatory economies of community destruction: It happened with the housing collapse. After people lost their homes because of derivatives, corporations and the wealthy came in and bought them at bargain prices and turned them into rental properties. Killing poor people- Let's call a spade a spade. Shutting off utilities can kill people. That's why humane cities offer special arrangements for the poor for heating. They don't shut off the heat.
"We're not really running a capitalist system. We are running a credit system. Instead of using savings, we are using credit. Credit, the way we are doing it now, is really a form of counterfeiting. If you look at the $72 trillion shadow banking system that we have operating right now, that is generating this credit . . . it collapsed in 2008 . . . and now it's on a hairy edge. It's not mortgages and housing this time. It's student loans through Sallie Mae. These students don't have any hope of paying this back. We are talking north of $1.1 to $1.2 trillion. It's car loans this time because of subprime. That's the way to look at car loans, they are sub-prime. . . . And you got these highly leveraged real estate investment trusts also operating through the shadow banking system. These problems are blatantly evident, and I don't think the powers that be have any control over them."On the next financial crisis, Mr. Long contends,
"I think 2008 was an early warning signal of the magnitude of the problem. We didn't fix it. We did extend and pretend. Dodd-Frank did not solve the underlying issues. The global swaps market went from $600 trillion to $700 trillion last year, alone. We've watched the shadow banking system push through $72 trillion. So, we didn't stop it. We just, in fact, inflamed it even worse, and we got into even riskier kinds of assets. Is it imminent? No, I think we are talking 2015. I think we have a little bit of a deflation scare before we get into the hyperinflation. Don't underestimate the central bankers and the politicians' ability to kick the can down the road. They still got some more bullets here."
Comment: By "various crooks", MP Dengin is no doubt also referring to the CIA, NSA, Mossad, etc.