Communion Of Dreams

Well, maybe there really *is* an international banking conspiracy . . .
September 21, 2008, 9:55 am
Filed under: Emergency, Failure, Government, Predictions, Preparedness, Society

I’m not real big on conspiracies. I don’t think that the US government was behind the 9-11 attacks, or that the UN has an agreement with extra-terrestrials to reveal their presence and influence in our world in 2017. While the Warren Commission had problems, I don’t think that Oliver Stone was right about the JFK assassination.

But maybe – just maybe – the International Banking Conspiracy nuts have a point. I’ve never really thought so, despite the growth in power and scope of multinational corporations, the increasing symbiosis between politics and industry, et cetera. I just figured that normal political & economic forces were at work.

But the Big Bailout Debacle(tm) has me wondering. From the AP:

US to ‘press’ countries to forge financial bailouts: Paulson

WASHINGTON (AFP) – The United States will press other countries to forge bailout plans for financial institutions where needed, US Treasury Secretary Henry Paulson said Sunday.

Paulson said the Treasury’s proposal to Congress for authority to spend 700 billion dollars to buy toxic mortgage-related assets from financial institution could serve as a blueprint for foreign authorities facing similar problems.

* * *

Asked whether the plan provides for government purchases of tainted assets owned by foreign institutions, Paulson said that would occur as long as they have operations in the US.

“Obviously, we’d want to buy from financial institutions that are employing people, and are an important part of our economy. Because to the American people, if an institution is doing business here is clogged, and can’t perform the role they need to do, it’s a distinction without a difference — whether it’s a foreign or a US owned.”

“Remember, our system is a global one,” he said.

But don’t worry, he feels really bad about the whole thing. No, seriously:

Paulson said that “it pains me tremendously to have the American taxpayer put in this position but it is better than the alternative.”

Yeah, right now the thought of some vast, shadowy, international conspiracy that actually knows WTF it is doing being behind all of this is actually kind of comforting.

Jim Downey

(Cross posted to UTI.)

2 Comments so far
Leave a comment

or that the UN has an agreement with extra-terrestrials to reveal their presence and influence in our world in 2017.

The downside is .. no faster than light drive.

It might almost be worth it.

Comment by Brian Dunbar


Jim D.

Comment by Communion of Dreams

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