The Financial Oligarchy Reigns: Democracy’s Death Spiral From Greece to the United States

Saturday, May 15, 2010
By Paul Martin

by David DeGraw
Global Research
May 15, 2010

As the Economic Elite continue their plunder, the people in Greece riot and the big banks score yet another big blow against the people of the United States.

I: Democracy Vs. Oligarchy: Lessons from History
II: The Second Civil War: Financial Reform 2010
III: Financial Terrorism Operations: 9/29/08 & 5/6/10
IV: Economic Imperialism and Blowback
V: Propagandized in America
VI: Save Yourself and Take Action

Democracy throughout the world is under attack. Many people can make the argument that our democracy here in America is only an illusion, but even the illusion of democracy is crashing down. Tragedies are currently playing out across the world on an epic scale. Unprecedented economic and environmental catastrophes have become the norm. Billions of people, the overwhelming majority of humanity, have been sentenced to a slow death due to a concentration of wealth and resources within humanity’s economic top 0.5%. Ultimately, short-sighted greed has proven to be humanity’s most severe disease.

I: Democracy Vs. Oligarchy: Lessons from History

The experiment known as democracy is devolving into fascism before our eyes; the “ iron law of oligarchy” is once again asserting itself. From the Founding Fathers on, we have known that you cannot have a concentration of vast wealth and Democracy at the same time – and we currently have the greatest concentration of wealth in the history of the United States. As former Supreme Court Justice Louis Brandeis once said, “We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can’t have both.”

The power struggle between democracy and the concentration of power represented within private banking interests has been a war raging throughout American history. Our Founders and early Presidents were very explicit in their opposition and our need to vigilantly guard against any private interests who sought control over our economy. In fact, our current crisis and power structure were summed up with stunning accuracy by the Founding Fathers themselves. What James Madison called, “the daring depravity of the times.” As he described, “The stock-jobbers will become the praetorian band of the government, at once its tools and its tyrants, bribed by its largesse, and overawing it by clamors and combinations. Substituting the motive of private interest in place of public duty, leading to a real domination of the few under an apparent domination of the many.”

Leave it to Madison, the Father of the Constitution, to give us one of the most prescient quotes on modern-day America you can find. For those of you who have never heard the term “stock-jobbers,” here’s the definition from a dictionary written in 1811:

“Stock Jobbers

Persons who gamble in Exchange Alley, by pretending to buy and sell the public funds, but in reality only betting that they will be at a certain price, at a particular time; possessing neither the stock pretended to be sold, nor money sufficient to make good the payments for which they contract: these gentlemen are known under the different appellations of bulls, bears, and lame ducks.”

Yes, even the Founders, long before High Frequency Trading algorithms and derivatives, had a clear understanding and great fear of the casino rigging tyrants in “Exchange Alley.” Madison also famously said: “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.”

Thomas Jefferson was prophetic in his statements as well: “Our country is now taking so steady a course as to show by what road it will pass to destruction, to wit: by consolidation first, and then corruption, its necessary consequence.” Jefferson added, “I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance.”

The Rest…HERE

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