Since the downfall of communism there has been an almost universal acceptance of the free market system by the nations of the world. The few remaining countries that resist the current trend are widely viewed as backward and oppressed by their ruling regimes.


    The theory of the "free market" is that if left unshackled by government regulation, the market will govern itself according to the laws of supply and demand. Most economists predict a rise of prosperity for the world if governments will step out of the way, allowing the "market forces" to bring in a new golden era.

    Until recently it was standard practice for a country's government to manage the economy in some way, either directly through tax and spending policies, or indirectly through the manipulation of interest rates through its central bank.


    After the Cold War a new political "World Order" emerged into view, and with it a new world financial order. The chief economists of this New World Order began extolling the virtues of the "free market economy." They advocated the elimination of government interference with the "market forces", and also sounded the hue and cry to reduce government deficits. Soon economists all over the world were parroting the same free market gospel and the great evils of the deficits.


    Government deficit spending is not new, however, the 1980's were the years for big deficit spending and easy credit terms in the developed and developing world. Economists urged the need to "spend, spend, spend" to help the economy. Now that the nations have spent themselves out onto a limb, they have no choice but to look back to the banking elite who helped them get there.

    The nations are eager to remain in the good graces of the international banking cartel in order to obtain further assistance in the maintenance of their debts. The World Bank and the International Monetary Fund are just like your friendly neighborhood banker; eager to lend as long as certain terms are met. These conditions include austerity measures such as deficit reduction and the elimination of trade barriers. It also includes the submission of the control of interest rates to the World Bank. In essence, the terms are a full surrender of the nation's sovereignty over its economic house to the international banking elite.


    Governments have become the lackeys of the internationalist financial elite for the purpose of extorting money from their populations. Under the pretense of collecting taxes, governments are now merely collecting interest payments for their huge debts which the financial elite lend out again at interest. The current campaign for austerity and deficit reduction are merely the rantings of a tyrannical system gone mad. Pharaoh has given the command that the nations will now "make bricks without straw", knowing indeed that slaves have no choice but to obey.

    Little do the internationalists realize that slaves make poor friends and when they are caught in the snare they have set for others, the mob will show no mercy. "Whoso diggeth a pit shall fall therein: and he that rolleth a stone, it will return upon him." Proverbs 26:27

Written 8/96


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