This could happen to you.
Measure 86 on the Oregon ballot looks so benign, yet if it passes it would open the door for banks to run the state, say what citizens can or can’t do. Banks could force the state government to raise taxes, eliminate social services and sell state resources to the highest bidder (such as state parks and the currently free K-12 public school system).
Hard to believe? It has already happened in countries around the world whose governments did what Measure 86 is proposing – accept loans from banks. The World Bank and International Monetary Fund call raising taxes, eliminating social services and selling state resources “structural adjustments,” conditions they place on money they loan to governments. I saw it happen in 2003 in Bolivia, where it led to bloodshed in the streets of La Paz.
On Measure 86’s innocent-looking surface it seems like any bond measure you voted for in your state over the years. It’s for education. All kinds of good people and altruistic groups are endorsing it. When the Greeks came calling with that lovely gift, a huge wooden horse on wheels, Troy opened its gates to accept this wondrous thing. Troops erupted from the horse’s belly, slew people and took over the city. The Greek’s invasion of Troy is like the hidden wolf inside this woolly-looking feel-good measure that ostensibly helps Oregonians pay for post-secondary education. But, and here’s where that wolf reveals a flash of his carnivorous fangs, this measure, unlike bond measures of the past, requires a constitutional amendment.
Measure 86 is proposing that the government of Oregon change its constitution to allow the State to go into debt to banks. Incurring debt is a way to hold a government and a people hostage to the desires of big business – banks. If you want a lot more details about how banks have been doing this, read the New York Times bestseller Shock Doctrine by journalist Naomi Klein.
In the meanwhile, tell Oregonians to vote NO on 86, and examine your own ballots closely for any Trojan Horses or wolves in sheep’s clothing that try to hand your power over to big business – to banks.