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Former World Bank Chief Economist Predicts Global Crash
Nobel Prize winner Stiglitz highlights agenda of predatory

globalism now arriving in America under auspices of NAFTA Superhighway,
North American Union

Paul Joseph Watson & Alex Jones/Prison Planet.com | October 30 2006

Former World Bank Vice President, Chief Economist and Nobel Prize winner
Joseph Stiglitz has predicted a global economic crash within 24 months -
unless the current downturn is successfully managed. Asked if the
situation was being properly handled Stiglitz emphatically responded
"no," and also drew ominous parallels to the development of the NAFTA
Superhighway and the North American Union.

Stiglitz caused controversy in October 2001 when he exposed rampant
corruption within the IMF and blew the whistle on their nefarious
methods of inducing countries to fall under their debt before stripping
them of sovereignty and hollowing out their economies.

Speaking on the nationally syndicated Alex Jones radio show, Stiglitz
defined the process of globalization as a system that was "rigged
against the poor countries, rigged for the advanced industrial countries
- the result of that is there were an awful lot of losers."

The Columbia University Professor described how rampant privatization
has crippled Mexico, in particular citing the sell-off of major
infrastructure such as roads.

"They sold the roads to the private enterprise and the hope was that
they would be more efficient but of course what happens is that they
didn't maintain the roads, they couldn't generate enough revenue and
they eventually had to default and give the roads back to the
government."

Stiglitz agreed that the process of hijacking and looting key
infrastructure on the part of the IMF and World Bank, as an offshoot of
predatory globalization, had now moved from the third world to Europe,
the United States and Canada.

These sentiments are especially disturbing when we consider the current
fast-moving quasi-secret agenda to sell-off major American highways to
foreign corporations who plan to turn them into toll roads for tracking
and taxation purposes - collectively known as the NAFTA Superhighway.
The program forms the framework for the advancement of the North
American Union - a collective governmental, border and trading bloc that
President Bush has signed the U.S. over to under the Security and
Prosperity Partnership of March 2005.

As we previously reported, US citizens will be forced to adopt a
de-facto national identification card and have their freedom of mobility
defined by behavioral fealty to the government under proposals set to
derive from NAFTA superhighway toll road systems and the implementation
of the American Union.

"This is a movement that's gone on all over the world," said Stiglitz,
"the movement of trying to turn over basic facilities - water, roads, to
the private sector."

Speaking about the agenda of the World Bank since the installation of
Paul Wolfowitz, Stiglitz highlighted the shift which began back in
August 2001 whereby the Bush administration moved to block transparency
of secret bank accounts, which in part facilitated the 9/11 terror
attacks.

"Unfortunately in this current administration, the defense industries
and the energy industries have really been running the show and it has
been disastrous," said Stiglitz.

Discussing the warning signs of plummeting real estate prices in the
U.S., Stiglitz stated that a global economic depression could only be
avoided if a correction was made but at the moment all the indicators
are that the situation is not being well managed.

"If it's well managed it will only be a slow-down, if it's not
well-managed it could be a recession," said Stiglitz.

Asked if the debt bubble was being well-managed Stiglitz plainly
responded in the negative.

"It's gonna be difficult....this has been perhaps the worst six years of
mismanagement of the macro economy....I think we can avoid an implosion
if we manage this carefully but it's going to be very risky," said
Stiglitz, agreeing that if the same course continued to be followed a
global depression would occur within 12-24 months.

Stiglitz said his reason for leaving the World Bank was that he was told
he would not be able to speak his mind on the issues he considered
paramount to the press, summarized as helping make the world a better
place, and that the two "amicably parted ways." He also said that the
IMF were particularly upset that his predictions about their disastrous
policies quickly came true - which is an ominous portender for his
thoughts on the possibility of a global crash.

Stiglitz also slammed the recently passed Military Commissions Act,
stating that the bill, "really did compromise some of our basic rights,"
and that it was a "disaster" for American freedom.

I voted for Bush twice but regret that decision.
If 9/11 had never happened Bush would have been
seen as just a mediocre president. I hope the
predictions of this guy don't come true but they
don't sound far off. Bush has been ignoring domestic
policy and concentrating too much on foreign policy.
He cares more about other countries than he does
his own. He is sending America to Hell in a handbasket!
I for one believe this president is a bit too cozy with
Mexico for my comfort. The money spent in Iraq could
be feeding and sheltering our homeless, providing medicine
for the uninsured, and be used to make better schools.
In short Bush couldn't really give a fuck about the
plight of the average American. He is using the war on
terror as a propaganda machine and is making sure his rich
buddies get taken care of.

yep... thanks mr busch 4 f-ucking everything up!!!!!!!!!!!!!1

I just feel that if it were not for the fact that George "W" and his
Daddy did not hold the oil interests that they do. That we would not be
sending innocent americans to die to protect his and daddies pocket
books. How many times do you think him and daddy stood in line at the
gas pump trying to decide to get $10.00 worth of gas or diapers for
there baby? I have a hard time believing that this country as advanced
as we are can not find a piece of shit on a donkey in the mountains
somewhere
(Bin Ladden) And while Bush sits up on his pulpit trying to preach to
the choir, and trying to studder his dumb ass through his pre-written
speech the average american gets the handjob about how the "war on
terror" is a top priority for all americans. I would like to know what
the kick backs are for Bush? has to be something because he sure has not
done a FUCKING THING for this country period. And all I can say is I can
at least sleep a little better at night knowing I did NOT vote for him.
I hope you are happy Bush your Daddy started a fucking war he was not
man enough to finish. And they (the voters) voted your dumb ass in and
you do not have sense enough to blow your nose. Let alone finish a war.
Especially when you and your daddy are missing one key, vital element in
the equation........A FUCKING SPINE...........

WELL.... WE SURE R F-CKED NOW!!

Wow who woulda thought a year ago, it would be the same old news????