söndag 29 januari 2012

The Coming Privatization Scam

So the end game here will be abusive privatizations in exchange for government debt. The assets will be given away in exchange for fictitious capital debt securities. US Treasuries are the most overpriced security imaginable to use as currency for this. The theory of privatization in itself is not necessarily bad, but what will be appalling is that the kleptocrats are going to grab this bone to once again loot and raid in a major way.

The real solution would be to force the banksters to absorb much of the the debt. But instead the prevailing ideology is to privatize away public assets in yet another debt swap scam.

The only difference between puppets like Romney (Romney’s role in private equity) and Obama, is in determining which of these criminal kleptocrats feed the most at the tar pit. To the average American it will matter little , the end result is yet another enormous wealth transfer. This scheme effectively combines the debt slave model with eliminating the remaining benefits citizens get from public ownership. Imagine a world where there are both high taxes to pay for debt service and a toll at every corner.

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