Economic Destruction of America: It’s All Osama’s Fault

Kurt Nimmo
September 30, 2008

Osama bin Laden was a few decades late. “We are continuing this policy in bleeding America to the point of bankruptcy. Allah willing, and nothing is too great for Allah,” bin Laden declared from the grave back in 2004, or rather from the video studios of the CIA. According to Osama, the “real loser is… the American people and their economy.”

Back in 2004, they dragged out Osama and ascribed blame. Now as the banker engineered destruction of America is approaching terminal velocity, they may blame the dead nemesis again.

Over the last few weeks, like victims of a drive-by shooting, we have witnessed the ongoing process of this bankruptcy as it now reaches terminal velocity.

The Evil and Elusive One may have taken credit for wrecking the economy and thus taking down the U.S. government, but in fact this process began when the government was dissolved on March 9, 1933 by the Emergency Banking Act. On June 5, 1933, the 73rd Congress passed a joint resolution to suspend the gold standard and abrogate the gold clause and thus dissolved the sovereign authority of the United States and the official capacities of all United States governmental offices, officers, and departments. Since that fateful day, the U.S. government has existed in name only.

Before Democrat James Traficant was thrown in prison, he said:

The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a de facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund.

In other words, Hank Paulson, former chairman of Goldman Sachs, takes his marching orders from the World Bank, the IMF, and the international bankers. The banker bailout that supposedly went down in flames the other day — soon to rise cosmetically modified like Phoenix from the ashes — will eventually herald the next phase of the takedown: privatization. Bankers have engineered the crushing federal deficit and will use it as a truncheon to usher in wholesale privatization of social security, medicare, prisons, schools, water, the Federal Aviation Administration, Amtrak, welfare services, public power utilities, the federal postal service, etc., on and on.

How to best accomplish this? Get us all in hock up to our eyebrows. The banker bailout plan — coupled with the massive price tag of the neocon invasions and occupations — will do this magnificently. Now they want to add a “New Deal” to this staggering debt. It’s a New Deal for the bankers, a New Serfdom for the rest of us.

“Like any other debtor, the federal United States government had to assign collateral and security to their creditors as a condition of the loan,” explains Traficant. “Since the federal United States didn’t have any assets, they assigned the private property of their ‘economic slaves’, the U.S. citizens as collateral against the un-payable federal debt. They also pledged the unincorporated federal territories, national parks forests, birth certificates, and nonprofit organizations, as collateral against the federal debt. All has already been transferred as payment to the international bankers.”

It’s a feudal system engineered by the international bankers and their instruments — the IMF, the World Bank, Bank for International Settlements, and the Federal Reserve System.

Thomas Jefferson’s admonition is coming true: “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.”

It is a sick joke they dragged out the dead CIA sock puppet, Osama bin Laden, and ascribed blame to him and al-Qaeda. Chances are they will blame him again before it is all over.


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