THE POWER ELITE AND THE SECRET NAZI PLAN

By Dennis L. Cuddy, Ph.D.
February 23, 2009
NewsWithViews.com

[NOTE: As I’ve written many times before, the goal of the Power Elite (PE) is a World Socialist Government. Critical to coercing Americans to accept Socialism is the nationalization of key sectors of the economy, such as banking. I’ve indicated in the past that this type of coercion would be brought about by an economic crisis, such as the one we are currently experiencing. Relevant to this, Jon Meacham and Evan Thomas wrote “We Are All Socialists Now” (Newsweek, Feb. 16, 2009), and Matthew Richardson and Nouriel Roubini wrote “Nationalize the Banks! We’re all Swedes Now!” (The Washington Post, Feb. 15, 2009) which begins: “The U.S. banking system is close to being insolvent, and unless we want to become like Japan in the 1990s—or the United States in the 1930s—the only way to save it is to nationalize it.” Even Republican Sen. Lindsey Graham on ABC’s “This Week” (Feb. 15, 2009) indicated we should consider the possibility of nationalizing banks.

[And in case you think this crisis happened accidentally, just consider the fact that “the Securities and Exchange Commission (SEC) waived the 12 to 1 leverage ratios for the five biggest investment banks. Those banks then leveraged 40 to 1 and collapsed the worldwide financial system” (January 5, 2009 Financial Sense editorial by James Quinn of the Wharton Business School). Do you really believe no one could see what the disastrous results of going from 12 to 1 leveraging to 40 to 1 would be? When these banks started taking losses, Quinn has also pointed out, their capital was immediately wiped out and the problem was dumped in the taxpayers’ laps.] →