PostHeaderIcon Global Research

I have stumbled across a truly fascinating website where one could spend untold hours of thought provoking reading. Global Research is wide ranging and deep; but you might as well enter where I did at, “Preparing for Civil Unrest in America“:

The Economic and Social Crisis

The financial meltdown has unleashed a latent and emergent social crisis across the United States.

What is at stake is the fraudulent confiscation of lifelong savings and pension funds, the appropriation of tax revenues to finance the trillion dollar “bank bailouts”, which ultimately serve to line the pockets of the richest people in America.

This economic crisis is in large part the result of financial manipulation and outright fraud to the detriment of entire populations, leading to a renewed wave of corporate bankruptcies, mass unemployment and poverty.

The criminalization of the global financial system, characterized by a “Shadow Banking” network has resulted in the centralization of bank power and an unprecedented concentration of private wealth.

Obama’s “economic stimulus” package and budget proposals contribute to a further process of concentration and centralization of bank power, the cumulative effects of which will eventually resul in large scale corporate, bankruptcies, a new wave of foreclosures not to mention fiscal collapse and the downfall of State social programs. (For further details see Michel Chossudovsky, America’s Fiscal Collapse, Global Research, March 2, 2009).

The cumulative decline of real economic activity backlashes on employment and wages, which in turn leads to a collapse in purchaisng power. The proposed “solution” under the Obama administration contributes to exacerbating rather than alleviating social inequalities and the process of wealth concentration.

The Protest Movement

When people across America, whose lives have been shattered and destroyed, come to realize the true face of the global “free market” system, the legitimacy of Wall Street, the Federal Reserve and the US administration will be challenged.

A latent protest movement directed against the seat of economic and political power is unfolding.

How this process will occur is hard to predict. All sectors of American society are potentially affected: wage earners, small, medium and even large businesses, farmers, professionals, federal, State and municipal employees, students, teachers, health workers, and unemployed. Protests will initially emerge from these various sectors. There is, however, at this stage, no organized national resistance movement directed against the administration’s economic and financial agenda.

Obama’s populist rhetoric conceals the true nature of macro-economic policy. Acting on behalf of Wall Street, the administration’s economic package, which includes close to a trillion dollar “aid” package for the financial services industry, coupled with massive austerity measures, contributes to precipitating America into a bottomless crisis.

The rest of the article is interesting and gets into HR645. I have followed many of the links to other of Michel Chossudovsky’s contributions to the site. All were interesting and thought provoking. I recommend the place. 🙂 ◄Dave►

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