Author Topic: Sharing is Caring  (Read 2525 times)

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Offline ajax13

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Sharing is Caring
« on: December 06, 2011, 05:15:05 PM »
"Since the Renaissance, however, bankers have shifted their political support to democracies. This did not reflect egalitarian or liberal political convictions as such, but rather a desire for better security for their loans. As James Steuart explained in 1767, royal borrowings remained private affairs rather than truly public debts.[1] For a sovereign’s debts to become binding upon the entire nation, elected representatives had to enact the taxes to pay their interest charges.
 By giving taxpayers this voice in government, the Dutch and British democracies provided creditors with much safer claims for payment than did kings and princes whose debts died with them. But the recent debt protests from Iceland to Greece and Spain suggest that creditors are shifting their support away from democracies. They are demanding fiscal austerity and even privatization sell-offs.
This is turning international finance into a new mode of warfare. Its objective is the same as military conquest in times past: to appropriate land and mineral resources, communal infrastructure and extract tribute. In response, democracies are demanding referendums over whether to pay creditors by selling off the public domain and raising taxes to impose unemployment, falling wages and economic depression. The alternative is to write down debts or even annul them, and to re-assert regulatory control over the financial sector."
http://www.globalresearch.ca/index.php? ... &aid=28076
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »
"AARC will go on serving youth and families as long as it will be needed, if it keeps open to God for inspiration" Dr. F. Dean Vause Executive Director


MR. NELSON: Mr. Speaker, AADAC has been involved with
assistance in developing the program of the Alberta Adolescent
Recovery Centre since its inception originally as Kids of the
Canadian West."
Alberta Hansard, March 24, 1992