''Financial Meltdown A Gigantic Fraud"

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In an article titled America was conned - who will pay? Elliot writes:

Indeed, it is somewhat surprising that there is not already rioting in the streets, given the gigantic fraud perpetrated by the financial elite at the expense of ordinary Americans.

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Elliot, like former chief economist of the World Bank turned whistleblower, Joseph Stiglitz, points a finger of blame squarely at former Fed chairman Alan Greenspan, stating:

"In the longer term, lessons must be learnt from the turmoil. One is that you don't solve the problems of a collapsing bubble by blowing up another, which is what Alan Greenspan did after the dotcom fiasco in 2001 - the most irresponsible behaviour of any central banker in living memory."

Last week we highlighted the fact that Greenspan, instead of trying to act to reverse the damage he has done to the US economy, is actively encouraging its further demise by urging foreign states to abandon their dollar peg.

There are already talks of a "new world order" emerging from the fallout of the current economic meltdown. A consolidation among the big financial institutions does not spell good news for ordinary Americans and people across the world who have been effectively herded into this current crisis by the financial elite.

We, along with others such as Stiglitz, have repeatedly warned of the quickening of an agenda of economic catastrophe allied to the "solution" of predatory globalism.