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As the Global Financial Crisis rumbles along in its fifth year, we read the latest revelations of bankster fraud, the LIBOR scandal. This follows the muni bond fixing scam detailed a couple of weeks ago, as well as the J.P. Morgan trading fiasco and the Corzine-MF Global collapse and any number of other scandals in recent months. In every case it was traders run amuck, fixing "markets" to make an easy buck at someone's expense. In times like these, I always recall Robert Sherrill's 1990 statement about the S&L crisis that "thievery is what unregulated capitalism is all about."
After 1990 we removed what was left of financial regulations following the flurry of deregulation of the early 1980s that had freed the thrifts so that they could self-destruct. And we are shocked, SHOCKED!, that thieves took over the financial system.
Nay, they took over the whole economy and the political system lock, stock, and barrel. They didn't just blow up finance, they oversaw the swiftest transfer of wealth to the very top the world has ever seen. They screwed workers out of their jobs, they screwed homeowners out of their houses, they screwed retirees out of their pensions, and they screwed municipalities out of their revenues and assets.
Financiers are forcing schools, parks, pools, fire departments, senior citizen centers, and libraries to shut down. They are forcing national governments to auction off their cultural heritage to the highest bidder. Everything must go in firesales at prices rigged by twenty-something traders at the biggest and most corrupt institutions the world has ever known.
And since they've bought the politicians, the policy-makers, and the courts, no one will stop it. Few will even discuss it, since most university administrations have similarly been bought off - in many cases, the universities are even headed by corporate "leaders" - and their professors are on Wall Street's payrolls.
We're screwed.
Comment: Not sure where the writer gets his info but a bunker buster 1) is NOT a conventional weapon & 2) is Nuclear, in terms of depleted uranium. Nothing penetrates earth or armor better than the dense, heavy material that is depleted uranium, nothing. It can be said 'in general' ALL bunker busting munitions utilize Depleted Uranium. How else could the thing weigh in at 14 tons (18143.7 kg) with a dimension of only 20 feet (6.1 meters) in length and 1 foot (.3 meters) width?
Let us not be fooled, these are some of the most damaging munitions on the planet to all things of Nature. Only a nightmarish creature, devoid of any conscious, could allow or excuse the use of such a weapon.
Depleted Uranium In America's Wars
"Bunker Buster" and "Low Yield" Nuclear Weapons