Was Shutdown Of Government And The Threat Of A Debt Default Dress Rehearsal For Privatization Of Fed/State?
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Subject: Was Shutdown Of Government And The Threat Of A Debt Default Dress Rehearsal For Privatization Of Fed/State? Thu Oct 17, 2013 7:35 am
Was Shutdown Of Government And The Threat Of A Debt Default Dress Rehearsal For Privatization Of Fed/State?
The important question: could a process of ‘state bankruptcy’, which is currently afflicting local level governments across the land, realistically occur in the case of the central government of the United States of America? This is not a hypothetical question. A large number of developing countries under the brunt of IMF ‘economic medicine’ were ordered by their external creditors to dismantle the state apparatus, fire millions of public sector workers as well as privatize state assets. The IMF’s Structural Adjustment Program (SAP) has also been applied in several European countries.Will this gamut of deadly macro-economic reforms engineered by Wall Street and the Federal Reserve be conducive to widespread civil disorder across the United States?
Was Shutdown Of Government And The Threat Of A Debt Default Dress Rehearsal For Privatization Of Fed/State?