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From Chicago to New York to Brussels to Cyprus: The neo-liberal game is the same

I was moved by this excellent post about the Troika’s plan for Cyprus by danps here on today’s FDL       to share a wonderfully pithy assessment– of how our neo-liberal, hyper-financialized world order currently operates. C.H. Smith puts it all together like this:

Understood in this manner, it is clear there is no real difference between the monetary policies of the European Central Bank and the Federal Reserve: each seeks to preserve and protect the “too big to fail” banks which are integral to the Neoliberal State-cartel partnership.

Both are attempting to rectify an intrinsically unstable private-capital/State arrangement–profits are private but losses are public–by shoving the costs of the bad debt and rising  interest rates onto the backs of the core-country taxpayers (now indentured serfs).  The profits from the euro arbitrage and Neocolonial exploitation were private,  but the costs are being borne by the taxpaying public of both core and periphery.

The Power Elites are attempting to set the serfs of the periphery against the serfs of the Core, and this is necessary to keep both sets of serfs from realizing they are equally indentured to the Core’s pathological Financial Elite-State partnership.

Yet we “wage serfs” are not dumb enough to be divided and conquered forever! A day of reckoning will come, and on that day the greedheads will learn that their gates, security cameras, even predator drones, stand as mere wisps of straw against the mighty, fiery wind of the enraged masses!!

Know Justice, Know Peace. No Justice, No Peace. No War But Class War

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