Who can read that and not at least start to wonder about what has really been happening in this world, since the quizzical "failure" of the Soviet Communists?
For 40 years the capitalist world faced the challenge of communism and socialism -- the equal sharing of miseries -- which kept democratic capitalism -- the unequal sharing of blessings -- on the straight and narrow. With the collapse of the Soviet Empire and its satellites and client states, capitalism tossed off its code of conduct. Insider trading among close friends in New York, London, Paris, Zurich, Hong Kong and Tokyo became commonplace.
Russian organized crime, which succeeded communism, engulfed the entire planet (even in Guam). Choice real estate in London, Paris, Rome, Marbella in Spain, the French Riviera's priciest Cap d'Antibes, Italy's Amalfi Drive, Cyprus, Rhodes and other Dodecanese Greek Islands disappeared into the hands of Russia's newly minted billionaires -- all paid for in cash. One real estate operator in Antibes told us about suitcases filled with $100 bills for the purchase of one $70 million property. In the 1990s some $230 billion was plundered from Russia and moved to secret numbered accounts abroad. Those who knew the Western system were usually KGB agents who had worked in Western European capitals.
The subprime mortgage cancer, which first was detected but ignored in 2006, had spread to the whole world by summer 2007. It was criminal predatory lending whose worthless mortgages were repackaged to look like secure investments and peddled all over the world.
Now Americans have seen retirement savings halved. U.S. households' net worth tumbled a mind-blowing $11 trillion -- in a single year. This is the same figure as the combined annual output of Germany, Japan and the United Kingdom. Gone are the second homes, rising retirement nest eggs, rising expectations generally.
TV news now brings us tent cities from Seattle to Athens, Ga., for newly destitute Americans; homeless shelters are filled to overflowing (e.g., 2,000 beds in Sacramento, Calif., spoken for). Santa Barbara, Calif., has designated a parking area for people who sleep in their cars. And the World Bank predicts another 53 million falling below the level of "extreme poverty" this year. What began with criminal subprime mortgage predators is now hurting those who can least afford it -- both at home and abroad.
Europe's hot new love affair with Obama already has cooled into the usual trans-Atlantic spats. The Europeans are resisting calls for more global fiscal stimulus, pointing out that the real problem is a systemic crisis that requires, above all else, a Herculean cleaning of capitalism's Augean stables. The unacceptable face of capitalism must be replaced with the kind of financial and economic regulation that will avert catastrophe in the future.
Do we have trouble tracing the above to the suspicious coincidences having to do with the orchestration of the "mortgage meltdown," just before the (fictitious) election of Obama, the Marxist Messiah -- with his operative comrades already in place, in congressional leadership, awaiting his arrival?
Is it too difficult to track the preparation and promotion of Barack Obama, as well as the communist plans to develop the armies of the proletariat through ACORN and the like, through Obama's "Organizing for America," through the patronage plan, and through the entire schema for taking advantage of manufactured crisis?
How many more clues do we need?