This is a repost of mine from Harvey's blog:
Where people are discussing this article:
Someone thought that the timing of these laws was eerie. Here is my response:
Regarding the Banks Plan B. Sorry, but I have to respectfully somewhat disagree. It is written as if it is a defensive action. IMO, it is part of an offensive action. The difference is that with an offensive action, there is an ultimate goal which is proactive, and not reactive.
One anon described it as "eerie" that the Banks wrote this back during Bushs' administration. A lot of stuff was written before the subprime mess blew up. Such as that Bill which made it harder for people to discharge their debts via Bankruptcy. The timing there was superb.
I'd also like to remind people of that little flap 1.5 years ago which you might recall, where the Banks tried to legalize the robosigning mess. According to the sponsor of the Bill, he first wrote it up in 2005, and was disappointed that Obama vetoed it.
The Bill was written in a completely harmless, useless sounding way, such that a Congressperson would have no clue as to what the real goal was. Namely, to legalize the robo-signing mess. And it was forgotten, and only came back to life when the robo signing became an issue. It was then that the Bill was dusted off and rushed through both Houses of Congress extremely quickly.
So what is the final goal? Jim Rickards mentions it quite well in his book "Currency Wars". Namely, one of his outcomes to "solve" this financial mess is that of the SDR as a world currency, completely controlled by the IMF.
That is, a World Central Bank, explicitly without any Democratic oversight whatsoever. No reviews, unlimited money, and no laws limiting what they can do. Rickards explicitly points out how the IMF does not want any Democratic oversight.
This is the ultimate power mongers dream. And it looks like that is where we are headed. If you think this is unlikely, I'll remind you that we're talking about a bunch of folks who have constantly demonstrated that they will stop at absolutely nothing to get what they want, and have also demonstrated that they are quite adept at getting their way.
This is not eerie at all.