- Many people, including some who should know better like
Nobel prize winning economist Paul Krugman, believe the Asian crisis was
an accident. It was no such thing. It was a deliberately planned attack
aimed at stealing much of Asia's wealth and weakening the Asian tigers.
- The attack on Asia was two-pronged with one prong hitting
South East Asia and the other aimed at Japan.
- To attack Japan, the privately owned BIS (not accountable
to any government on earth) changed its international banking rules in
a way that deliberately weakened Japanese banks. They then forced (through
threats of violence against Japan) the Japanese authorities to bankrupt
one of their big so-called city banks. The Japanese chose the smallest
of them: Hokkaido Takushoku Bank. When HTK went bankrupt over 1000 viable
companies in Northern Japan were forced into insolvency. This meant that
loans other Japanese banks had made to them had to be declared "bad."
The result was that all Japanese banks suddenly saw their BIS capital to
asset ratio fall below the 8% needed to be allowed to engage in international
banking. That meant they were all forced to "immediately" withdraw
all their international loans, mostly made to Asia.
- The Asian countries, meanwhile, were made extra vulnerable
by a deliberate influx of "hot" money that created bubbles. As
soon as the Japanese withdrew their loans, the "hot" money was
also taken away, destroying the Asian economies. President Mahatir of Malaysia
saved his country by seeing through the ruse and preventing the sudden
withdrawal of "hot" money.
- After the Asian economies collapsed, the carpet-baggers
came in. "Hedge funds" and investment funds linked to the oligarchs
came marching in and, using Japanese money, they bought up much of Asia's
economic infrastructure at a deep discount.
- If the BIS and the IMF etc. were really concerned about
economic development they would first of all never have forced HKT bank
to go under in a disorderly manner. They would have also figured out a
way for the Japanese banks to do something like issue subordinated bonds
so they could bolster their BIS capital and not be forced to suddenly vacate
- The criminals who carried this out think they got away
with it but the Asians have long memories and they have identified the
perpetrators of this attack.
- The American economy has been subjected to a similar
financial attack by the same group of criminals. They would do well to
identify these gangsters and put them out of business for ever.
- Benjamin Fulford