Enact more fascist laws, commands JP Morgan to European governments

JGeropoulas

The Living Force
I came across this article recently which provides clear evidence of the link between the banking cartel and national governments--particularly pertaining to exerting control over society at large.

JPMorgan calls for authoritarian regimes in Europe

By Stefan Steinberg
Real Independent News & Film
17 June 2013


In a document released at the end of May, the American banking and investment giant JP Morgan Chase calls for the overturning of the bourgeois democratic constitutions established in a series of European countries after the Second World War and the installation of authoritarian regimes.

First, the paper argues, financial measures are necessary to ensure that major investment houses such as JP Morgan can continue to reap huge profits from their speculative activities in Europe. Second, the authors maintain, it is necessary to impose “political reforms” aimed at suppressing opposition to the massively unpopular austerity measures being carried out at the behest of the banks.

The harshest criticisms in the document are reserved for national governments that have been much too tardy in implementing the type of authoritarian measures necessary to impose austerity. The process of such “political reform,” the study notes, has “hardly even begun.”

Yet, across Europe, in recent years governments have repeatedly resorted to police state measures to suppress opposition to their policies. And in a number of European countries, ruling parties are encouraging the growth of neo-fascist parties such as the Golden Dawn movement in Greece.

For JPMorgan, however, this is not enough. In order to avoid social revolution in the coming period, its analysts warn, it is necessary for capitalist governments across Europe to move as quickly as possible to set up dictatorial forms of rule.

"Political systems around the periphery typically display several of the following vulnerabilities: weak executives; weak central states relative to regions; constitutional protection of labour rights; consensus-building systems which foster political clientalism; and the right to protest if unwelcome changes are made to the political status quo. The shortcomings of this political legacy have been revealed by the crisis. "

Unbelievable! So, according to JP Morgan, the problem is not that they have the power to destroy the economies of the world in order to enrich the already obscenely rich members of the financial elite. The problem, you see, is that the masses still have a few rights here and there to protest the theft.

It should be recalled that JPMorgan is deeply implicated in the speculative operations that have devastated the lives of hundreds of millions of workers around the world. In March of this year, a US Senate committee released a 300-page report documenting the criminal practices and fraud carried out by JPMorgan, the largest bank in the US and the world's biggest dealer in derivatives. Despite the detailed revelations in the report, no action will be taken against the bank's CEO, Jamie Dimon, confidant of President Obama.

Now this same bank presumes to lecture governments. JPMorgan is leading the call for authoritarian measures to suppress the working class and wipe out all the social gains built on the ruins left by Hitler’s catastrophic reign.
 
Back
Top Bottom