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The horribly corrupt, extreme right government led by German Chancellor Angela Merkel continues to push for more poverty in misery in Egypt even though the people of that country are so understandably outraged by what is being done to them that they are trying to overthrow the corrupt dictator in that country.

I should note that Merkel dishonestly refers to as "economic reforms" in Egypt are things like the following.

1) Selling off state owned industries at fire sale prices to multinational corporations that slash jobs and pay.

2) Cutting back on government food subsidies and other programs for the people.

3) Cutting taxes for the wealthy elites in Egypt while cutting taxes for foreign corporations and speculators. (So much for "austerity.")

4) Giving international banksters absolute power over Egypt's economic policies. (So much for "freedom" and "democracy.")

button that says Cure GreedIf you think I'm wrong or exaggerating, remember that Merkel was the banksters' point person in enforcing draconian social spending cuts on Greece and Ireland which easily could have been avoided by making corporations and the rich pay closer to their fair share in taxes.

Now, for her government's latest efforts to spread poverty and misery for the many, and unearned wealth for the few:
(Monsters and Critics 1/28/11)

Chancellor Angela Merkel appealed Friday for reforms in Egypt, saying through a spokesman, Christoph Steegmans, that Egypt suffered from 'a range of deficiencies.'


At a government news conference, Merkel spokesman Steegmans was very cautious, saying only that areas where reform was needed in Egypt included economic policy and in policies against poverty.

What are the kinds of policies that the fringe right government in Germany considers "against poverty"? Items 1-4 listed above.

It's not like these policies are new. The kind of plutocratic totalitarianism pushed by the Merkel government, the World Bank, the IMF, and many US and British officials has a known track record. In Central and South America, it has dramatically increased poverty and has employed military coups, suppression of dissent, torture, and mass murder.

The same things have been done in Russia, and to a lesser extent in Poland. The results were predictable: small super rich elites gorging on an orgy of conspicuous consumption while the overwhelming majority of the population suffered so badly they actually were better off economically under communism, as bad as that was economically.

photo of The Shock Doctrine in a stack of three booksIf all of this sounds completely off the radar of what you are familiar with, I urge you to read The Shock Doctrine by Naomi Klein and Confessions of an Economic Hit Man by John Perkins.

If this reminds you of what has been going on here in the US, it should. The bailouts by Congress and the bankster controlled Federal Reserve of the banksters and brokesters but not the American people basically worked along the same lines. Bush may have pushed the congressional bailout, but Barack Obama voted for it in the Senate.

Imagine if there was no bailout of bad mortgage paper. Imagine instead if that bailout was directed at the people who needed help with their mortgages. Imagine also if the astronomical increases in interest rates for predatory adjustable rate mortgages were cut back dramatically or eliminated by federal law. The effects would have been.

house with foreclosure sign1) Very few foreclosures.

2) A much smaller loss of equity for homeowners.

3) A much shorter recession, one that would have ended by late 2009 if not earlier.

4) Much smaller budget deficits due to much higher tax revenues in a less dysfunctional economy.

5) Much of the value of the mortgage paper would have been saved, indirectly by making it possible for people to pay off mortgages and by preventing the extremes of the collapse in housing prices.

6) Banksters would not be holding so many stolen properties, just waiting to sell them when the economy gets better while getting the federal government to assume the short term risks.

The ability of banksters, brokesters, and wealthy speculators to corrupt governments is hardly limited to Germany. It is highly common, and it includes most US government officials, at the federal, state, and local level. What makes Merkel and her fringe right government stand out so much is just how arrogant and entitled those corrupt politicians are.

It also frightens me to see an extreme right German government in collusion with totalitarian banksters. It reminds me too much of the mid 1930s.

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