In California, 700 homes are repossessed every day, and 50% of all homes on the market are repossessions. This clip shows the house clearance teams in action. They find houses with meals cooking, left as if on the spur on the moment with nothing taken, all personal possessions abandoned. It seems like a financial and human disaster taking place on a vast scale.
The cause was the Basel 2 banking rules, created for the whole of the world’s banks and lenders by the Bank Of International Settlements in Basel. It was obvious if banks were instructed to lend to people who couldn’t afford to take on the debts that the market would first boom and then crash. These are the victims of that madness. But was it madness? More likely it was because the world’s Central banks know that the more people, corporations and governments are in their debt, the more powerful they become. This is a game of power, matching other schemes of the OWG like the Iraq War, where the normal rules are thrown away.
Millions suffer while the usual restraints which should come from democratic government to prevent improper use of power, get overriden. The message is that government from a world elite so powerful they can override democratic governments through corruption, coercion, media control or assassination, has become incredibly dangerous and unstable. The way back to normality where the interests of ordinary people are considered at all seems far away at this moment in time. The first problem is that most people don’t understand that national governments are being overridden, so they are not alert to what is happening to them and why.