A broad front of foreign ratings agencies, South Africa’s bank cartel, the corporate mainstream media cartels, the owners of the economy, think tanks, lobbyists and economic hitmen pulled out all stops to intimidate and manipulate the government and its ruling party. Their aim is to sow as much confusion among the nation of South Africa as possible. If this is not a war…
A concoction of local and foreign political power mongers attempts to destabilise the country and its ruling party as best they can by 2019. It is their aim to bring in their “Democratic Alliance-Economic Freedom Fighters” (DA-EFF) and eventually muscle a factionalized and weakened African National Congress (ANC) out of the national political lead.
Meanwhile, ratings agency Moody’s has been slammed with a massive US$864million penalty and has agreed to pay it, Bloomberg News reported. “Moody’s Corp. agreed to pay the US$864million to resolve a multiyear US investigation into credit ratings on subprime mortgage securities, helping to clear the way for the firm to move beyond its crisis-era litigation.”
In other words, “credit ratings firm Moody’s failed to abide by its own rating securities according to the government.”
The above-mentioned article from Bloomberg News on Moody’s ratings agency should justify government to insist on an apology from Finance Minister Pravin Gordhan to apologise to Commissioner Tom Monyane and Mr. Luther Lebelo at South African Revenue Services for the unwarranted vilification of both senior civil servants over foreign credit rating agencies, which continue to be fined US$billions for fraudulent conduct. In fact, to restore the credibility of the Treasury, Gordhan should draw his hat and step down. As harsh as it might seem, there is indeed little other option.
Will the above-mentioned broad front reap what it sows? Is this not a declaration of a never-ended war, this time on a more sophisticated level, by creating structured abject poverty for the majority of the population; university campus’ chaos; parliamentary anarchy; a colour revolution, a deep state and national unrests to bring about a regime change, similar to fellow BRICS member Brazil?
“This has nothing at all to do with democracy. There is an anti-democratic and Afropessimistic enemy out there. That enemy has availed massive cash reserves to destabilise BRICS member, South Africa”, reliable senior ANC NEC cadres explained to this writer under the condition of anonymity.
When the ANC leadership negotiated a new, democratic South Africa at CODESA in Kempton Park to the northeast of Johannesburg, little did the movement realise then that the fronting apartheid oppressors and their minions had changed it to a more sophisticated and invisible war on all fronts and levels.
The “Financial Intelligence Centre Amendment (FICA) Bill is a true definition of real “state capture”. It means, the leaders and senior officials in the state structures of the three branches of the state – the Executive, the Legislature and the Judiciary – will henceforth, execute their duties and functions under direct authorization and approval of the banking and financial institutions. The FICA Bill effectively ousts South Africa’s justice system.
A pre-determined list of criminal suspects under the definition of domestic and foreign prominent and influential persons was already drawn up. It exists. Most of those persons are leaders and senior officials of all three branches of the state, as mentioned-above. The Damocles sword hangs over their heads, as they have to ask themselves, whether or not banks and financial institutions’ interests would be adversely affected.
If the answer is yes, then the judiciary will have to rule in favour of the banks and financial institutions, regardless of the legal merits. This also means, banks and financial institutions would be given powers to convict and sentence without trial before a competent judiciary.
In addition, they can close the bank accounts of the legal and judicial structures without giving any notice.
The same would apply to the President, the Deputy President, the Cabinet, the Speakers, and the senior national-, provincial- and municipal structures. The leaders and senior officials of all three state branches seem to be in serious danger now, as their names are all on the criminal suspects’ list.
The above structure is a situation of state capture. The FICA Bill is about state capture. It confirms what Thomas Jefferson said, “The banking and financial institutions are more dangerous than standing armies.”
Banks and financial institutions are members of the public. Those opposing the FICA Bill will submit their concern to Parliament on 25 January 2017.
One of the opponents to the FICA Bill, economist Tshepo Kgadima explained, “The true intention of the drafters of the FICA Bill commit absolute and total state capture. It is constitutional mischief. To motivate that there is a need to fight money laundering and financing terrorist activities, is a mere red herring. South Africa has an operative security cluster, including a professional police service. The FICA Bill is an instrument to capture the entire state of South Africa. This is total control, worse than the horror movie, “Friday 13”. Is this war?”
Sir Alexander James Cockburn, Lord Chief Justice of England in 1875, commented, “The issue which has swept down the centuries and which will have to be fought sooner or later, is the people versus the banks.”
Researcher and author, former non-executive director of South Africa’s Reserve Bank (SARB), Stephen Goodson, quoted in his book, “Inside the South African Reserve Bank – Its Origins and Secrets Exposed”, “The former Canadian Prime Minister, William Lyon MacKenzie King (1874 – 1950), warned that unless the issuance of currency was under the direct control of government, all talk of sovereignty, of parliament and of democracy, is idle and futile.”
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