Feb
20
Jesse Jackson: Time to Clip the Wings of Vulture Funds
Written by Editor/CommonDreams | Filed Under Uncategorized | 118 Comments
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I heard the Democracy Now report yesterday(on DN’s newest affiliate, WROC in Rochester, NY). Like so many horrors that originate out of the United States these days, this in hard to believe.
I must confess I’m a little confused on one point – if a nation owes debt and is sued and found guilty – who enforces this? Each country is a sovereign nation with it’s own laws. What other countries and their courts decree does apply to them. Does the U.S. and other economic powers punish them by trade embargos or something if they don’t pay back the vultures?? Can someone explain how this process would work. Otherwise, I would think the best thing would be for a debtor nation to tell Bush’s pals to go screw themselves(that’s actually what we all should tell Bush and his pal’s to do).
Private equity funds are the new game & not much better. Why does greed drive these rich people the way it does??
How does a game of Monopoly end?
Countries rely on banking relationships for
doing business for the country. These vultures rely on destroying credit and therefore banking resources to cut off needed
money. It is a nasty, but effective way to
pirate and hold countries monetary hostages,
not unlike the bully who beats up kids for
their lunch money.
This reminds me of the cold wars origins when
post WWI and WWII the U.S. and its allies were supposed to help rebuild Russia and Germany and failed to do so.
Russia began looking to its neighbors for what it needed and they ended up forming
the communist block.
It is interesting to look at what is going on
in South America and its unification with
intentions of finally breaking the grip of
those back alley bullies, who have also
twisted and oppressed there.
The answer must come from “just say no,” and
the formation of new alliances. Given the
pooling of power of globalization and the
new economics of “privatize the profits, socialize the costs,” it is forcing new
alliances anyway for the sake of survival.
In the past and present divide and conquer and keep ‘em in survival mode by cutting off what is needed has always been the strategy of choice for “controlling everything.”
Clipping their wings won’t work. Gotta castrate ‘em.
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