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Sovereign debt crises, State bankruptcies looming, VAT tax proposal, New bank regulations, Gold above $1100, Market volatility, High unemployment

America On The Brink:  The Global Restructuring Process


By Guest Column Damon Vrabel——--April 22, 2010

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The news stories never stop: sovereign debt crises, state bankruptcies looming, VAT tax proposal, new bank regulations, gold above $1100, market volatility, high unemployment, and on and on. With so much noise it is difficult to understand the strategic picture.

We are in the midst of a global restructuring process. Just like corporations are put through a restructuring plan by capital holders when they execute a hostile takeover or force them into bankruptcy, many nations have been through a similar process--Argentina, Indonesia, Malaysia, Thailand, Chile, England, Mexico, etc. Some nations are now in that process, most notably Greece and Iceland. Many others will come, including the United States. When the United States enters its restructuring process, it will bring the world more deeply into a depression, which will open up the possibility of a new global bank and global currency (for people that don't think a global currency is possible, please note that the US dollar has already been the de facto global currency for a long time). We Americans have a hard time accepting that this global restructuring can happen because we are indoctrinated to believe we still are a free people living in a free market in a free republic. Freedom propaganda is powerful. These videos reveal the truth about the supposed free republic and free market. Once these truths are understood, then the possibility of global restructuring, or "new world order," become quite understandable. Video #1: Revisiting American History explains how the American republic was converted into a top-down empire where the government does the bidding of the most senior capital holders. This video also tells the truth about Wall Street and the Ivy League ruse called "too big to fail": Video #2: Revisiting Economics 101 illustrates how debt and debt-based money from the bond market create a system of complete top-down power over everything, including governments, which is not what most people would consider to be a free market. This video also highlights many significant flaws of neoclassical economics, which is hardly a science but rather the false religion of the fundamentalist jihadis driving the global restructuring process (Summers, Rubin, Paulson, Greenspan, Bernanke, Geithner, Dimon, Blankfein, etc): Damon has had two fairly different lives—one as an overachiever serving the financial empire, and another as a hopeful advocate for the victims of the empire: local community, indigenous population, the American republic, and the individual heart. He graduated from the United States Military Academy, served as an officer in the US Army, then graduated from Harvard Business School, took a short detour on Wall Street, and had a career in Silicon Valley in several leadership positions in technology corporations. Since leaving empire service, he became a mountaineer, attended Mars Hill Graduate School, and now works toward redemption as a writer and post-neoclassical economic philosopher. See the beginnings of his course on Renaissance 2.0 here. Damon can be reached at: strabes23@gmail.com

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