8 Shocking Truths the ‘War on Terror’ and the ‘Global Financial War’ Have in Common_Featured_, 9/11, Banksters, War on Terror Saturday, September 15th, 2012
The 11th Anniversary of September 11th, 2001 passed in all its political jingoistic sympathy-eliciting glory. With a patriotic backdrop, Romney and Obama used the solemn opportunity occasion to advance their election campaigns. Squeezing out tried-and-tested drops of advantage-taking from the 9/11 attacks, which continue to gift politicians’ macabre and twisted vote-winning opportunities.
We are approaching the 13th anniversary of a far less publicized event, yet arguably more significant in causing loss of life, suffering and misery to millions of innocent victims over the past decade.
On November 12, 1999 a $300 million lobbying effort by the banking and financial services industries lead to the repeal of the Glass-Steagall Act. The repeal separated commercial banks and investment banks thus freeing banks to expand into unsustainable speculative positions – prime examples being the devastating experiment with derivatives and subprime asset-backed securities. These high-risk, fraudulent ventures have resulted in the current financial crisis, global economic instability and what amounts to a ‘Global Financial War’ on innocent citizens taxed directly and by stealth-inflation to pay for the mistakes of the criminal banking mafia.
On the surface these events are not connected, but what similarities do they share?
1. Mass Murder
The 9/11 attacks resulted in 2,996 casualties on the day and provided Bush, Cheney and their neocon crew the excuse they’d been planning seeking to begin the perpetual ‘War on Terror’TM. Attacks in Iraq, Afghanistan and beyond have led to the deaths of at least 227,000 people including 116,657 civilians and 8,975 American, British, and other coalition forces. According to other estimates, the number of Iraqis slaughtered In US War and occupation of Iraq is now at 1,455,590 alone.
The worldwide recession brought about by the corrupt, fraudulent banking cartel in cahoots with self-serving psychopathic political elite has directly inflicted an explosive rising poverty level across the globe. In 2008 the World Bank estimated that on top of the estimated 1.29 Billion people living in absolute poverty, 53 Million more people were pushed into poverty as a direct result of the financial crisis, adding the prediction that this induced poverty will lead to an additional 200,000 to 300,000 babies dying each year.
2. Corrupt Crony Politicians
11 years on from 9/11, speaking on an 80-minute lecture posted on C-Span, Bush’s former director of the Central Intelligence Agency and the National Security Agency, Michael Hayden, points out that nothing has changed. The new boss President Barack Obama has closely followed the policy of the old boss, President George W. Bush, when it comes to tactics used in the ‘War on Terror’TM – from rendition, targeted killings, state secrets, Guantanamo Bay to domestic spying.
The rhetoric changed but Bush’s positions were seamlessly embraced by Obama. Both Bush and Obama said the country was at war. The enemy was al-Qaida. The war was global in nature. And the United States would have to take the fight to the enemy, wherever it may be, they said.
With a non-choice between Mitt Romney and Barack Obama for the next U.S. Presidential election, it is quite revealing to look at a selection of the top all-time corporate donors to the Republican and Democrat political campaigns, 1989-2012. It will come as no surprise that the largest banking institutions and largest weapons manufacturers (in red) are well represented.