Defaulting banks - where will it stop?

[Jan Klimkowski]

Leaked comments from the Governor of the Bank of England reveal that the permanent ruling elite are indeed planning for brutal economic Shock Therapy and will sacrifice whichever bunch of puppet politicians get elected:

(snip)

http://www.guardian.co.uk/business/2010/...ion-victor

Poisoned chalice anyone?

Perhaps the media hyping up of the LibDems has an underlying purpose after all.

"Quantitative Easing" (QE) was an elite phrase channelled by MSM to disguise central bank printing of money - which was effectively then exchanged for toxic trash on banker balance sheets (and fraudulent banker bonuses). MSM use of the phrase "QE" hid the truth of what was happening from ordinary people until the transfer of freshly printed money (requiring new govt bonds and treasuries) had taken place, and could no longer be stopped by popular outrage.

The new elite phrase being peddled shamelessly by MSM is "austerity measures". This is code for savage cuts in the wages and pensions of ordinary working people to keep the bond markets happy and prevent sovereign default. "Austerity measures" is a mendacious phrase to disguise the imposition of economic Shock Therapy (as per Naomi Klein) on the so-called First World, including Europe.

If ordinary people take to the streets to revolt against these "austerity measures", then the permanent elite will respond with force.

In the UK context, if the LibDems (ooh - "liberals") are seen to be losing control of the streets, then it will be far easier for the permanent elite to introduce a fascist police state.