Here is my hypothesis:
Lets say that there is a group of people, a cabal of billionares and millionaires. They tried to get Romney elected to push their agenda and failed.
They realize that because of changing demographics and political climate, and the bad economy, it is doubtful they will get a real hold on power again
for the forseable future. Since they are the 1 percent, and own almost all the wealth in the country, an empowered populace might eventually turn its
sights on them and their wealth and begin to tax them on terms more equatable to the people as a whole, instead of favoring a small percentage of
So they decide if they cannot rule over the country by political means, more strident action is needed. By instructing their bought and paid for
politicians, largely tea party politicians, but admittedly people they own on both side of the isle, to stonewall and to not resolve the crisis,they
trigger a default on the debt which crashes the economy. What effect will it have? Yes it would throw the country into chaos, people will lose life
savings, most of corporate America would go off the proverbial cliff, the dollar is likely to crash, and world financial markets will be thrown into
complete chaos. Our unemployment would skyrocket even worse than it is now, with almost NO hope of improvement, because the currency is crashed.
People who were starting to feel politically empowered now just focus shelter food and water. Yes there will be rioting and angry mobs but they will
be short lived because people will be too obscessed with just survival. How many paychecks is the average person away from disaster? You get the
picture. We are probably looking at a severe economic depression, worse than the Great depression, that will be global in scope.
But wait. These people are OBSCENELY rich. If you have 70 billion dollars and lose 50 percent of your assets, you still have 35 billion dollars. And
your enemies, the 99 percent, will be completely destroyed financially. You can now pool resources, take your still formidable wealth, and control the
ENTIRE country, which is now pretty much in ruins. Who will oppose you? The infrastructure is devastated, if not outright destroyed. The government is
in effect disintegrated. The control the financial elites have now will be magnified a thousand times.
By necessity alone, we would very quickly return to a gold standard. Guess who has all the gold?? And of course the golden rule is, those with the
gold make the rules.
Our chief economic competitor, China, will be thrown into a state of complete chaos by the default and the inability to pay back the loans, now vast,
incurred by the US. They will look like Egypt a few days into the crisis, as millions are thrown out of work.
And if in the lead up to this, those same billionaires and millionaires, have taken control of key industries, energy, food, private security firms
like black water, you can rest assured that they will have a level of power far surpassing that they would have by buying a few politicians. Now you
are a feudal lord in essence. America will become a feudal society. Only people who cooperate with the "lords" will be able to survive, because they
are the only ones in possession of the means to do so. Also, they can now buy up vast swaths of the country at fire sale prices. Then they will pretty
much own EVERYTHING.
The conversion from a democratic republic to a Feudal fascist oligarchy would be complete.
I hope I am wrong about this. The coming days will tell the tale
edit on 12-10-2013 by openminded2011 because: (no reason given)