Tuesday, January 11, 2011

THE ECONOMIC HYDRA


by: Dr. Elias Akleh

Economic crises are lately sweeping the globe like a contagious virus. They started in the US, the strongest economy in the globe, and then crept onto most European countries. They degraded the value of the American Dollar, the European Euro, and all international currency that use them as money reserve. The crises had led to what is referred to as austerity measures; cutting down luxury expenses, but instead the cutting down was on the necessary expenses; budget cuts on major social services including education, health, unemployment benefits, and social security, increase of taxes and educational tuitions, loss of jobs leading to homelessness and poverty, loss of businesses, increase of retirement age, theft of retirement funds and attempts to tab into social security funds, among many other devastating measures.

These economic crises, we are told, were created by the governments’ inability to repay debts and interests taken to cover the alleged global wars against terror. The important questions I like to pose in this regard are: who are the debtors and where did they get the debt money from?

Throughout thousands of years a political hierarchy of very wealthy financiers had grown into power elite whose ultimate goal is global economic domination and enslavement of nations. (more)

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