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TFC & Salbuchi: The Shylock Model & Destruction of Sovereignty

A Greek brainstorming session would sound something like this: Default! Downgrade! Bond Swap! ECB Bailout! Austerity Measures! IMF Recipes! Riots! Euro Collapse! Pay up!! Can anybody make any sense out of this??

Let’s try… Because it’s a question of joining the dots… correctly!

First and foremost, Sovereign Debt “Crises” explode, then collapse only to “resurrect” bigger and fatter according to a Model: let’s call it “The Shylock Model” after William Shakespeare’s despicable Usurer in “The Merchant of Venice”: Shylock loaned money to Antonio, a Venetian Merchant, demanding he sign a bond pledging a pound of his flesh as collateral…

Models are orderly, consistent and sequential representations of complex systems. Like a Road Map, Models can guide us from point “A” to point “B” so that we don’t go astray. When you understand how a Model works, the complex system it represents becomes predictable.

­A Comedy of Errors

In my 23rd February article for RT on Greece, I stressed the Sovereign Debt Crises are not the result of bad luck, worse judgment or coincidence. For over a quarter century we’ve seen the same show staged again and again with little variation. Greece, Argentina, Spain, Italy, Portugal, Brazil, Mexico, Iceland, Ireland, Russia, Asian Tigers… all “stupidly” borrowed too much from private bankers only to “discover” they couldn’t pay them back.

Symmetrically, the same group of powerful global Mega-Banks lent too much to those countries only to “discover” they couldn’t recover those loans.

A Comedy of Errors in which governments and bankers are either very stupid or… are they discretely winking at each other as they carve out pound after pound of flesh?

­Can somebody please clean our dirty sheets…

Bankers and politicians make strange bedfellows. Invariably, their Comedies of Errors get their linen soiled. When that happens, bankers know they cannot go banging on the doors of presidential palaces, ministries of finance and parliaments yelling “Pay up, or else!”

The farce of “democracy” and “national sovereignty” must be maintained. That’s when banker-controlled “public multilateral agencies” come on stage – IMF, ECB, World Bank – to do the, er… banging!!

After all Greece, you ARE a member of the ECB so you must obey their orders (even if written in German). And you, Argentina, you ARE a member of the IMF so stop wailing and do your homework!!

­Doctor, I’ve got a fever…

Market Analysts and Rating Agencies are today’s financial witch doctors telling us why stock markets go up and down like a patient’s fever. Currencies rise, currencies fall in a casino-like roller-coaster; Sovereign Debt Bond Ratings are up-graded or down-graded, all to the tune of the Pied Pipers at S&P, Finch’s and Moody’s, FT and The Wall Street Journal… And, yes, these oracles of “good” and “bad” are on Mega-banker payrolls.

Whatever they utter is Revealed Truth. So what if in 2008 they rated AIG, Lehman, Merrill Lynch, Fannie Mae “AA”, even “AAA” until they dissolved into oblivion?

In perfect sync, they downgrade Greece and Argentina, Spain and Italy, Ireland and Iceland forcing them to pay higher interest to the Mega-bankers…

­I’ll have my Bond!

When Shylock the Usurer got ready to cut a pound of flesh nearest Antonio’s heart, he parrots time and again, “I’ll have my bond!” waving his legal contract, formally enforceable under the laws of Venice.

One will never understand a Usurer’s mindset if you believe that Shylock loaned the money to Antonio in order to get it back. Oh, no!! Shylock was betting on NOT getting it back!!

You see, rich, sovereign creditors who cannot pay back loans are music to bankers’ ears! What good is a sovereign creditor who CAN and will actually pay back a loan? That undermines the very essence of usury! It thwarts parasitism forcing usurer bankers to have to work to find new victims to loan all that money to…

Jesus! Do you expect a banker to work!?!? Banker Business thrives on refinancing debt, rolling it over year after year, exponentially ballooning it through compound interest…

When a country can’t pay its debts, then our modern Shylock Banksters demand their “pound of flesh”: full control of the country turning it into a Financial Colony of the Global Power Masters, who impose their Trilateral Commission brethren in key positions of power: Papademos, Monti, Cavallo, Geithner…

It was never Shylock’s goal to recover his 3.000 Ducats. No, Sir! He only wanted his pound of flesh. The loan and the bond were just the mechanism to get to that flesh. Shylock’s Model was to legally indebt Antonio under the laws of Venice, so that those laws would then enforce his immoral outrage of executing the collateral: a pound of flesh.

­Bankers’ Worst Nightmare!

What’s the worst thing that could happen to Goldman Sachs, JP Morgan, Rockefeller, and Rothschild who manage the Shylock Model? If any sovereign country – Argentina, Greece, Spain, Brazil, Italy – were to turn around and say: “Hey! How much did you say I owed you? 200 billion? No sweat! Come pick up your check Monday morning…”

If that ever happened, bankers would be confronted with two very serious problems:

Problem One (a Technical Hitch): Where would they find another group of ‘sheeple’ to impose unnecessary – even fictitious – 200 billion dollar debts at usury interest?

Problem Two (a Political Hitch): They would lose control over Greece, or Argentina, or Spain, or Ireland,or Italy just when they had them right under their thumb, controlling their resources and governments; running the show because if any government were to do something “stupid” like being Sovereign, then all the bankers needed to do was say, “No, no!! Remember: you owe us Zillions in “sovereign debt” that you can’t pay back.

If you do something foolish like prioritizing your people’s national interests, we will wipe you off the global financial map; our global media will destroy you; we’ll throw S&P and Fitch downgrades at you! Watch out: we can literally set your country on fire!!”.

Yes, when a country finally owes nothing to the bankers then that country is truly FREE! Make no mistake: true national sovereignty, independence and freedom are the greatest enemies of the Global Money Power Masters.

Today’s Global Financial System functions according to “The Shylock Model”: it will go to great lengths to carve out its pound of flesh…

Good doctors say: proper Diagnosis is the first step to becoming cured.

Source

Adrian Salbuchi for RT

­Adrian Salbuchi is a political analyst, author, speaker and radio/TV commentator in Argentina. www.asalbuchi.com.ar

Comments

Excellent post, Fester. Sovereign debt is like credit card debt. Bankers make no money if you pay off your card. Bankers prefer to keep loading you with more and more debt, taking more and more of you as collateral. This is easy to do, since bankers create money out of thin air. Bankers don’t care about money. They care about power. Money is only bits of paper, or numbers in a computer. Bankers want control of physical assets.

Bankers use their funny-money to pay politicians to keep this game going. And since bankers own the media, they brainwash the masses into thinking this is all legitimate. The masses think that national finances are limited, like personal finances. The masses think that, “money doesn’t grow on trees” (even though the bankers print as much as they like.) Hence the masses submit to more and more “austerity” (i.e. wealth transfer to the rich). And since money is created out of thin air, there is always enough for wars and other things that benefit the rich, while politicians say there is no money for social programs, since we must "balance the budget."

If any nation seeks to break free of the trap, then the bankers punish it and vilify it. If a nation really breaks free, and its freedom starts to spread (e.g. Nazi Germany) then the bankers send armies to physically destroy it, and then vilify its leaders forever. In the aftermath, survivors must once again take loans to rebuild their nation.

Media talking heads are paid to legitimize banker theft, and to keep the masses confused. The more skilled they are at lying, the more they are called “financial experts.” Any person in the corporate media who tells the truth is fired and blackballed.

The media is very powerful, even among people who think the media tells nothing but lies. For example"pro-Palestinian” people supported the attack on Libya, and the coming attack on Syria, even though Libya and Syria are the two best friends the Palestinians ever had. "Anti-war" people also support these wars. Likewise the average person believes that media talking heads have “expertise,” even when the average person believes the pundits are morons. It’s the herd instinct.

We have a depression because too little money is circulating. Private bankers control the money. They have a monopoly. Yet the masses blame everyone except the bankers. The masses are not merely deceived; they are willfully stupid. The entire EU project, with the euro currency, is a banker plan to reduce Europe to slavery, yet Germans blame Greeks for “laziness.” Bankers set everyone at each other’s throats. I just saw a news story in which doctors screwed up, and because of their error, they had to amputate both hands and both feet of a young women. They also caused her to go blind in one eye. The woman won a $17.9 million settlement. In the comments section, half of readers condemned this settlement, saying it was far too much. This is the kind of selfishness and stupidity among the masses that bankers depend on. (Would you submit to having your hands and feet cut off, and one of your eyes blinded, for $17.9 million? I wouldn't do it for $17.9 billion.)

Some people blame everything on Jews. Yet the source of Jewish power is the banking system. Take away that system, and the Jews have nothing.

And so we sit in a dungeon of debt, laughed at by the banker-jailers. If anyone says, “Why don’t we create our own public bank?” then the other prisoners say, “You mean put GOVERNMENT in control? Forget it!”

If banking and money were made to serve the masses, rather than the other way around, then we could change the world. We would all be free. As a species, we could do whatever we wanted.

Fester, in the audio portion, both DBF and Mr. Salbuchi think Iceland triumphed over the bankers.

I see this error again and again.

Iceland had two national referendums. Both times the masses said no. We do not want to pay the bankers. But Iceland’s government ignored the referendums and fucked the masses anyway, worse than ever. I’ve written posts about this here at WUFYS.

Most people on the island are related to one another – so it’s like a family in which the patriarch died, and several of the children are fighting over who controls the money, while most of the children just want peace. Eventually they all separate in bitterness, and the kids never speak to each other again. Iceland is now undergoing a mass exodus.

Incidentally, when the bankers were initially defeated in Iceland, the country got a new and halfway decent government that specifically offered protection to Julian Assange of wikileaks. Assange wanted to make his headquarters there, but soon a few key members of the government (connected with the corrupt leaders of labor unions) turned traitor and let the bankers back in, for their own personal gain. That was the end of the “glorious revolution,” and the situation became worse than ever.  

Argentina also let the bankers back in. Hugo Chavez helped Argentina by paying off the IMF and getting the international bankers off Argentina's back, but the bureaucrats soon took over once more. President Cristina Fernández de Kirchner is owned by the bankers. Not as completely as Obama, but it's a factor. She spends half her time trying to please the bankers, and the other half battling with them. Once more the bankers are loading up Argentina with debt, but this time it's mainly Argetina's own private bankers. But they can't be all bad, since the IMF continually condemns Argentina.

Don't misunderstand. I'm fond of Adrian Salbuchi. I suspect he is a Peronista, i.e. a crypto-Nazi. I mean that as a compliment.

On a different note, when you start disentangling from the bankers, you must be careful, because no nation can be totally independent and self-sufficient in this globalized world. Even Hugo Chavez has not made the central bank of Venezuela truly public, as far as I know. If he did, then he too would be a target for urgent regime change, like Qaddafi and Assad. Zimbabwe disconnected from the bankers, and handled its finances poorly, resulting in hyper-inflation.

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