The Real Significance of The Fed’s Zero-Interest-Rate Policy ZIRP

The Shadow Money Lenders: The Battle To Save The Fiat Money System Has Begun

Linked with Matthias Chang – Malaysia.

Published on Global Research.ca, by Matthias Chang, December 26, 2008.

The disinformation by the global financial dailies in the last twelve months as to the cause of the global financial tsunami, serve the same purpose as the global mass media when they perpetuated the lies that lulled the people to support the war criminals Bush, Blair and Howard to launch the barbaric war against Iraq and Afghanistan which resulted in the genocide of millions, the mutilation of hundreds of thousands, physically and psychologically, and the devastation of an entire nation …

… WHY WAR IS INEVITABLE:

To prove the point, let me use a simple analogy.


It is often reported in the headlines of newspapers that a certain gentleman or woman had been brutally beaten up for failing to pay the debts due to a money-lender. In Malaysia, money-lenders are often referred to as “Ah-Longs”. This is even the case when the debt is paltry. If the money-lender adopts the “soft method” in recovering a loan, it may encourage defaults and non-payments. Brutality ensures full compliance!

So is the case with nations. When the very survival of a nation is at stake because of economic and or currency warfare, do you really think that the nation at risk would not go to war?

The US invaded Iraq not because of the threat of Saddam’s WMD but for the crude oil and because Saddam was selling crude oil in Euros instead of the dollar toilet paper.

The shadow money-lenders are in a desperate situation and they will start a world war to avoid the collapse of the fiat money system. The war will be financed by the major central banks and their proxies – the 8 to 10 global commercial and investment banks. As in World War I and II, the elites of the City of London and Wall Street will be the primary movers of this insidious plot.

Anyone who doubts this scenario need only to ask one simple question – Do you think the financial powers centred in the West would accept and tolerate their loss of financial power?

I am using such graphic terms because the average Joe Six-Packs have yet to appreciate the full import of the latest announcements by President Bush that the US will abandon “Free market principles”, and by Bernanke of the Fed’s Zero-Interest-Rate Policy. Worst still, the majority of the political leaders of the third world are equally ignorant.

This was evident in the APEC Summit in Peru. Like the average Joe Six-Packs, these leaders have no idea how the fiat money system works. When Washington and London say “print”, “open the spigots”, “lower interest rates”, and vice-versa they just follow blindly. There was just one rare exception, when Malaysia opted out during the 1997 financial crisis. Even then, this was temporary as the new Badawi regime has succumbed to the old ways.

Can this war be stopped?

There is a slim chance. If American patriots, who are lawfully armed, rebel and resist the imposition of martial law, world war may be averted.

The IMF has already warned that if the US fails to resolve the crisis, there will be massive social unrest. There will be blood flowing on the streets! Military power would be pitted against brave militias with a proud tradition of having once defeated the mighty British colonial power.

Dare we hope for a second American Revolution? (full text).

(Matthias Chang is a frequent contributor to Global Research.  Global Research Articles by Matthias Chang).

Links:

Federal Reserve sets stage for Weimar-style Hyperinflation, by F. William Engdahl, December 15, 2008;

India’s 9/11. Who was Behind the Mumbai Attacks? by Michel Chossudovsky, November 30, 2008;

The Great Depression of the 21st Century: Collapse of the Real Economy, by Michel Chossudovsky, November 15, 2008.

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