The U.S. is now Officially a Banana Republic


Filed under: Old Posts — John Galt @ 9:47 am

by John Galt

June 30, 2008

This week will bring my review of how I did on my December 28th prediction program on the Q-Files but the news last night sort of hacked me off just a wee bit. Our nation is now officially nothing more than an overgrown banana republic with a lot of large crumbling interstates and some really foolish people managing our nation’s affairs. It is our fault, our parent’s fault, and anyone who has voted since 1932 has some part of the blame. This headline and story says it all:

The Shrinking Influence of the US Federal Reserve

So why is this article got me peeved beyond belief? Read these paragraphs from the article:

“Another problem for Mr. Dollar is that it will be several months before his actions take effect. Officials with the International Monetary Fund (IMF) have informed Bernanke about a plan that would have been unheard-of in the past: a general examination of the US financial system. The IMF’s board of directors has ruled that a so-called Financial Sector Assessment Program (FSAP) is to be carried out in the United States. It is nothing less than an X-ray of the entire US financial system.

As part of the assessment, the Fed, the Securities and Exchange Commission (SEC), the major investment banks, mortgage banks and hedge funds will be asked to hand over confidential documents to the IMF team. They will be required to answer the questions they are asked during interviews. Their databases will be subjected to so-called stress tests — worst-case scenarios designed to simulate the broader effects of failures of other major financial institutions or a continuing decline of the dollar.”

Did everyone catch that again? That’s right, we are being investigated by the organization we helped found to control, investigate and maintain the banana repbulics we funded and controlled worldwide.

Now we are a banana republic with a buffoon running our central bank, a buffoon running our Executive Branch and 535 morons running the Legislative Branch.

I’m so optimistic I could just do cartwheels.

The refusal by our government and banksters to mark the garbage to market, take the short term hit and start over with a brief recession could instead bring the entire “current” world system of financial exchange to a crashing halt. With inflation doing exactly what I said it would do one year ago and assets which were never considered susceptible to a major decline falling not 1% per month but 5% and 10% plus, namely houses and other real estate, the U.S. no longer has control of its own future. We have sold our souls and Lucifer is here to collect. The choices we have to lead this nation in November do not reassure  yours truly obviously either so what does this mean, now that our country’s economic superstructure is being treated like a 1950’s Honduran junta?

It means you now have lost control of the future, politically and economically, for the foreseeable future. We have to have a massive collapse before we rebuild.

That collapse is underway. My lack of faith in the officials that run this nation and manage our economy that I have professed for over two years appears to have been justified. Hopefully those that paid attention prepared their economic and personal lives for what is about to come.

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