Wrecking the American Dream
12.10.2010
By Stephen Lendman
Long planned, the current economic storm erupted violently in late 2007. It wasn't by accident. It was engineered years back, so financial racketeers could profit from wrecking global economies and destroying their middle class, including America's.
On February 1, 2009, former high-level Wall Street and government insider, Catherine Austin Fitts, explained it an article headlined, "Financial Coup d'Etat," saying:
A global financial cabal "engineered a fraudulent housing and debt bubble; illegally shifted vast amounts of capital out of the US; and used 'privatization' as a form of piracy - a pretext to move government assets to private investors at below-market prices and then shift private liabilities back to government at no cost to the private liability holder....Clearly, there was a global financial coup d'etat underway," its magnitude overwhelming and incomprehensible to most people, as planned.
Many trillions of dollars have been stolen, shifted from public to elitist private hands - by far, the greatest ever wealth transfer in history, a global heist, sucking capital out of one country after another, including America. It's an ongoing "de-moderniz(ation)" process, transforming Western countries into third world ones - in real time, in plain sight, yet few people understand.
In stark terms, Fitts says it's more than just "a process designed to wipe out the middle class. This is genocide (by other means) - a much more subtle and lethal version than ever before perpetrated by the scoundrels of our history texts."
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