"Fascism should be more appropriately called Corporatism because it is the merger of state and corporate power."
-Benito Mussolini (Italian Dictator, 1883-1945)
Last Friday, during testimony in front of the Senate Budget Committee, Ben Bernanke was asked specifically if the Fed would bail out some of the broke states. In a word, Bernanke's answer was , "No." The bailout of the states is not going to happen. Despite financial analyst Meredith Whitney and others predicting "indiscriminate" selling of municipal and state bonds, Bernanke stated that those entities "have the tools."
What on Earth could those tools be?
Way back in the early part of 2009, after the economy crashed in the fall of 2008, Secretary of State Hillary Clinton traveled to China to convince (beg) them to continue to buy U.S. Treasuries and finance the debt of the U.S. Government. During or shortly after that trip, sources at the United States Embassy in Beijing, China reportedly CONFIRMED that the U.S. Government, represented by Hillary Clinton, tendered a written agreement which grants to the Peoples' Republic of China an option to exercise Eminent Domain within the USA. This would be, of course, as collateral for China's continued purchase of U.S. Treasury notes and existing U.S. Currency reserves.
As you can imagine, the State Department went into severe damage control mode trying to squash and misrepresent the story. Their corporate media lackeys ran a story trying to say the leak was false. But still- here we are. Why else would China buy worthless shit? Hillary Clinton has been on the other side of the world since last fall.
As the municipal and state bonds are set to come under increasing pressure very soon, could this deal be coming to fruition silently, in front of everybody's noses?
Globalists are greedy and conniving but they are not necessarily that intelligent. A perfect example of this is outgoing Chicago mayor Richard M. Daley. In a recent article by Fran Spielman of the Chicago Sun-Times, Daley had this unbelievable bullshit to say about Hu Jintao's visit and Chinese interest in Chicago, "It's a big deal. Big, big, big , big, big deal. Why is he coming to Chicago? He could take any other city...We're in a global society. We compete globally. You have to have that global participation of China in economic development- both here and abroad. That's why it's really important for us to have his visit. The only city he's visiting outside of Washington D.C. is Chicago."
He could take any other city? Excuse Me?
Why would he want Chicago, in particular?
Perhaps it is the giant freshwater natural resource conveniently interconnected with the other giant freshwater bodies known as the Great Lakes. The Chinese have a terrible problem with providing fresh water for its more than 6 billion thirsty people. The Chinese understand that water, even if they can't transport it back to their country, can be used to trade for tangible assets like gold, oil, wood, or steel. The faulty, inflationary U.S. dollar, on the other hand, cannot be used as a redemptive asset.
Besides, Chicago is not a virgin at exploiting their people for the benefit of international corporations. Daley handed over the Skyway tollroad to Cintra-Macquarie Consortium in 2005. After the forcible rape of Americans' and their children's bank accounts in 2008, Daley let the economic terrorist company Morgan Stanley acquire the city parking meters. This move dramatically hurt local businesses in the midst of a recession, especially when the prices jumped dramatically after January 1, 2011.
Perhaps nobody thought it peculiar when Chicago's mayor made two trips to China in recent years. Or when Rahm Emanuel, the New World Order-Zionist darling, decided to take a winter siesta in Thailand.
The truth is- a massive infrastructure sell-off is underway. Last September, Burger King sold out to 3G Capital. Despite corporate news saying 3G is an American based firm, 3G is owned by China, with its offices based in Singapore. That means China owns real estate in just about every single city across the United States. By no means is Chicago the only city targeted by the Chinese. Chinese contractor Sinomach had sent delegations to Boise, Idaho, Ohio, Michigan, and Pennsylvania this year to talk about setting up research and development bases and industrial parks. All this while federal state and local regulations, combined with rampany inflation, make it next to impossible for Americans to open up a small business in their own homeland. Long live globalism.
Let's just hope it will be as successful as Daley's attempt to ban handguns or his stupid bid to get the wasteful 2016 Olympic games.