the Depression2013

But what if all this apparent mishandling of fiscal policy isn’t as ham fisted as it appears? What if the financial meltdown, initially triggered by rumors of Bear Stearns insolvency, was in fact a strategic move to trip the global economy into a recessive phase intentionally?

	Economic Manipulation as Political Strategy
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If you are one of the happy shiny people who believes that what is reported on CNN and what is said by government spokespeople is the unassailable truth, you might as well be on your merry way.

I’m not going to try to identify the “who” behind this grand strategy. They are the occupants of the ivory towers whose elevators we only see from the lobby. They are the world’s biggest shareholders – not of any single company. They remain invisible through ownership positions in holding companies of less than 10%, serving the twin objectives of diversity and anonymity. The holding companies are private, and themselves held by other larger private holding companies and trusts.

These are the world’s richest who don’t show up on the Forbes 100 list of the world’s richest. They are elite. They are invisible.

Since they want to stay elite and have the ability to purchase the confidence of governments, they cannot be identified through even the most determined investigative reporter. Like massive distant stars in the galaxy, their existence is inferred through their influence on closer celestial bodies.

Consider this: The overcapitalization of the economy provided the opportunity not only for Wall Street top tier banks to max out on fee flows from amplified global lending and the associated derivatives – it also took the commodity prices of its political rivals – Venezuela, Russia and Iran – into the stratosphere. With oil at $147 a barrel, these three countries were an increasingly sharp thorn in the side of U.S. foreign policy.

Why, Russia and Venezuela even engaged in joint military exercises in the Caribbean and Atlantic this month, resulting in an accord signed by the two countries pledging cooperation in nuclear energy and oil exploration.

If that doesn’t have the Pentagon Hawks twitching, they must be dead or asleep.

Nothing is more dangerous to the United States than strong military rivals sharing its hemisphere, and that fact combined with the high prices at U.S. pumps created plenty of incentive for the econo-political elite to pull the plug on the global feeding frenzy.

Whether you believe in its intent or not, the return of 2004 oil price levels has undermined the ability of those nations to finance new military equipment. Evidence of the struggle is visible in both countries.

In Venezuela, Chavez made it clear that he was going to turn his attention to nationalizing gold mines. Last week, his invitation to foreign oil companies to resume exploration within his country’s borders was met with widespread contempt. Who is going to invest billions only to have the resulting asset nationalized?

In Russia, Gazprom (OTC BB: OGZPY), the country’s state-owned and run oil and gas behemoth has lost 76 percent of its value since the beginning of the year as a result of low oil prices and absence of capital. That has to be putting a dent in the finances of the Russian war machine.

The anti-American saber rattling can still be heard, but it sounds more like the tinkling of teaspoons now.