Monday, July 6, 2009
As I previously noted:
Stalin said that dictatorships only last so long as the dictators keep their people well-fed. Americans have been strongly motivated not to question the government because they have been led to believe that if they just follow the party line, they'll get nice jobs, make a bundle of dough, buy into "the American dream". A crash has the possibility to awaken Americans from their dangerously cozy nap. It has the potential to get Americans to open their eyes and start questioning the lies they have been told ....
The revelations that Goldman Sachs is manipulating the market and that the Federal Reserve banks are private - not government - institutions are coming out now because the U.S. is going broke, and doesn't have enough money to to keep the matrix running. (Of course, it is also harder to cover up manipulations which are orders of magnitude greater than ever before attempted).
Indeed, Goldman is probably the key player on the plunge protection team and similar government schemes to manipulate the markets. So the fact that Goldman's shenanigans are starting to leak out - despite the government's best efforts to keep the whole enchilada secret - is dramatic.
The American Treasury has been looted (the big banks and financial institutions got the loot), the dollar is losing its status as the world's reserve currency, and the mountain of debt overhanging our economy threatens to bury any hope of recovery.
Dictatorships only last so long as the dictators keep their people well-fed and distracted, but the current financial "dictators" don't have enough spare cash keep distracting people with "bread and circuses".
So the truth is starting to leak out in a big way.