I bought New York Times stock in part to have a stake in the Red Sox as well as the Times. This was a nostaligic investment that will possibly be totally wiped out.
Selling the Sox for $200 million will not make much of a dent in the $3 billion debt. Just as selling the TV stations did not keep the stock propped up. Nor did the stock buy backs.
Investment bank advisers are just getting the Times to dig a deeper hole.
It needs to cut wages - its employees can go elsewhere if they are worth more - it needs to charge for Internet content. I will kick in $5 a month to protect my nostalgic investment. (But I know a similar attempt by Rocky Mountain News ex employees to start a digital paper flopped totally. But that was the Rocky, not the Times.)
I want to be in the know when the Times disinforms me that a communist is just an agrarian reformer.
Or ignores the alleged discovery of thermite at WTC, and fails to measure the Pentagon hole against the wing span of a 747,.
But it faithfully told about that Florida priest who has to choose bewteen his Roman collar and his girl friend.
And no ongoing Mideast peace negotiation is ever missed.
It is a reflection of what America knows, thinks it knows, and doesn't know at all.
It would not be the same if Geffen boots out the Sulzbergers.
And yet, it will be the same.
Just on a lower operating level
Wednesday, July 22, 2009
Thursday, July 16, 2009
Baby Boomers: For Whom the Bell Tolled
Response osted July 16 on Seeking Alpha
The boomers are 18 months behnd me and they have often been a pain in the butt.
So let them work longer. I have retired and they should work their butts off to help support me. Keep it up.
Let me add that the criticism of boomers though is a little overstated because facilitators and mass consciousness manipulators have been jerking them around like Pavlov's dog. To some exent we have all been subjected to that.
And naturally boomers were caught unprepared. As late as 2005 Fed Chairman Benranke - sic - assured the world there was no threat of any major job losses or meltdown. The hubris of the Fed had everything under control and closely monitored.
Boomers had it pounded into their brain that the Fed was good, the Fed would watch over them, the Fed would never cause another Great Depression like it did 80 years ago (actually the Fed's role in depression creation has been hidden from the boomers)
For 45 years I watched the news media gush over the Fed and intensely focus on every nuance as the Fed artificially manipulated rates up to destroy business and people and then artificially manipulate them down to bestow wealth and prosperity on the punch drunk work force.
The news media and the people who mindlessly absorbed its information, never asked why was the Fed allowed to do this over and over? A few of us asked, but we were just voices crying in the wilderness.
Of course, most of the wealth was accruing to the investment banking crowd who simply rode the elevator up, and then threw people out of the elevator (always more than were in there in fhe first place) on the way down.
But now the elevator isn't working and it's stuck on the second floor.
Boomers will just keep punching the button until they realize once and for all there is no one coming to get them up to the rooftop penthouse. Goldman Sachs is already there and those federally protected nation dismantlers have personal helicopters to get them in and out.
Meanwhile, battered Russia watches from the sideline and laughs. And China, which is moving into Russia without resistance, is plotting how to expand north from its base at the Panama Canal, an American made icon that boomers let Congress and their banker puppeteers give away. A symbolic passing of the torch of greatness, it turns out.
You see, boomers allowed the mass mind manipulators to convince them that the world should be different.
It is politically incorrect to resist.
The Italian communist Gramsci was correct. The West would never be defeated militarily. But it could be beaten through psychological warfare.
Boomers were skillfully programmed to end up like this.
Who is there to snap their fingers and get them to come out of the trance they know not they are in.
The boomers are 18 months behnd me and they have often been a pain in the butt.
So let them work longer. I have retired and they should work their butts off to help support me. Keep it up.
Let me add that the criticism of boomers though is a little overstated because facilitators and mass consciousness manipulators have been jerking them around like Pavlov's dog. To some exent we have all been subjected to that.
And naturally boomers were caught unprepared. As late as 2005 Fed Chairman Benranke - sic - assured the world there was no threat of any major job losses or meltdown. The hubris of the Fed had everything under control and closely monitored.
Boomers had it pounded into their brain that the Fed was good, the Fed would watch over them, the Fed would never cause another Great Depression like it did 80 years ago (actually the Fed's role in depression creation has been hidden from the boomers)
For 45 years I watched the news media gush over the Fed and intensely focus on every nuance as the Fed artificially manipulated rates up to destroy business and people and then artificially manipulate them down to bestow wealth and prosperity on the punch drunk work force.
The news media and the people who mindlessly absorbed its information, never asked why was the Fed allowed to do this over and over? A few of us asked, but we were just voices crying in the wilderness.
Of course, most of the wealth was accruing to the investment banking crowd who simply rode the elevator up, and then threw people out of the elevator (always more than were in there in fhe first place) on the way down.
But now the elevator isn't working and it's stuck on the second floor.
Boomers will just keep punching the button until they realize once and for all there is no one coming to get them up to the rooftop penthouse. Goldman Sachs is already there and those federally protected nation dismantlers have personal helicopters to get them in and out.
Meanwhile, battered Russia watches from the sideline and laughs. And China, which is moving into Russia without resistance, is plotting how to expand north from its base at the Panama Canal, an American made icon that boomers let Congress and their banker puppeteers give away. A symbolic passing of the torch of greatness, it turns out.
You see, boomers allowed the mass mind manipulators to convince them that the world should be different.
It is politically incorrect to resist.
The Italian communist Gramsci was correct. The West would never be defeated militarily. But it could be beaten through psychological warfare.
Boomers were skillfully programmed to end up like this.
Who is there to snap their fingers and get them to come out of the trance they know not they are in.
Wednesday, July 15, 2009
California, Colorado Should Establish State-owned banks
A letter sent to two governors:
Dear Governor ---:,
As a very interested observer in Colorado I seriously urge you to establish a state-owned bank similar to the one in North Dakota.
Major banks which were bailed out by U. S. taxpayers because they were too big to fail have snubbed California by not loaning it money.
Considering that California is the eighth largest economy in the world, you are too big to fail for the consequences would be devastating.
I am copying this description of how the North Dakota state owned bank works, and it seems to be a good start toward resolving your current economic crisis.
quote
The Bank of North Dakota was established by the legislature in 1919 to free farmers and small businessmen from the clutches of out-of-state bankers and railroad men. By law, the State must deposit all its funds in the bank, and the State guarantees its deposits. The bank's surplus profits are returned to the State's coffers. The bank operates as a bankers' bank, partnering with private banks to lend money to farmers, real estate developers, schools and small businesses. It makes 1% loans to startup farms, has a thriving student loan business, and purchases municipal bonds from public institutions.
North Dakota is not suffering from unemployment or feeling the pinch of the economic downturn. Rather, it sports the largest surplus it has ever had. If this isolated farming State can escape Wall Street's credit crisis, the world's eighth largest economy can do it too! -
end quote
The banking industry has crippled this nation with fraudulent, incompetent behavior. It is vital that we overcome the damage with decisive, logical action that will create a stronger state and economy.
Dear Governor ---:,
As a very interested observer in Colorado I seriously urge you to establish a state-owned bank similar to the one in North Dakota.
Major banks which were bailed out by U. S. taxpayers because they were too big to fail have snubbed California by not loaning it money.
Considering that California is the eighth largest economy in the world, you are too big to fail for the consequences would be devastating.
I am copying this description of how the North Dakota state owned bank works, and it seems to be a good start toward resolving your current economic crisis.
quote
The Bank of North Dakota was established by the legislature in 1919 to free farmers and small businessmen from the clutches of out-of-state bankers and railroad men. By law, the State must deposit all its funds in the bank, and the State guarantees its deposits. The bank's surplus profits are returned to the State's coffers. The bank operates as a bankers' bank, partnering with private banks to lend money to farmers, real estate developers, schools and small businesses. It makes 1% loans to startup farms, has a thriving student loan business, and purchases municipal bonds from public institutions.
North Dakota is not suffering from unemployment or feeling the pinch of the economic downturn. Rather, it sports the largest surplus it has ever had. If this isolated farming State can escape Wall Street's credit crisis, the world's eighth largest economy can do it too! -
end quote
The banking industry has crippled this nation with fraudulent, incompetent behavior. It is vital that we overcome the damage with decisive, logical action that will create a stronger state and economy.
Monday, July 13, 2009
Globalization is more destructive than economists realize
Three years ago a Dartmouth economist waxed ecstatic before a group of Dartmouth parents about the huge benefits of free trade (and globalization.)
Shiv Kapoor - who clearly represents global fusion - says shunning globalization can cause an economy to fail. Later he says globalization contributed to the bubble. And the answer is global regulation.
Both Kapoor and the Dartmouth econimist - who should know as Paul Samuelson now does that up to 2,000 U. S. economists could be replaced with cheaper economists from beyond our borders - fail to factor in the huge economic damage done to the U. S. by the demolition of high wage manufacturing jobs and their replacement with lower wage service jobs. This was and is an important component of globalization.
The new wave of service workers who would have made more money in manufacturing have less purchasing power.
Also, massive illegal immigration further busted the inflationary wage cycle that is absolutely essential to keep the usury banking system going. When that cracked, the banks were doomed. They can no longer count on inflating wages to help their borrowers pay back loans made out of thin air.
Globalization did more than create a bubble. It caused the U. S. and world economy to, in the long run, fail.
The solution is not the simple mantra of regulation of global money flow.
Besides, it is contradictory to say free labor and trade are mandatory, but not the free flow of capital.
It has been proven that the free flow of capital will seek the lowest cost denominator even if, by doing so, the higher paid consumer of those lower production cost items become unable to buy them.
The world is far more complicated than dismal scientists seem able to comprehend.
If money flow should be regulated, then maybe the deconstruction of the U. S. manufacturing base, which made us more self sufficient to boot, should have been not just regulated, but stopped.
People who had to pay $3 more for a shirt would at least have a $5 or more an hour job to help pay for it.
Protectionism and reclaiming lost manufacturing jobs would be the quickest way to restore economic health in the U. S., but now there is no capital to tool up.
By the way, the farming sector and other industries keep pointing out that while the globalists extol the values of free markets for the U. S., they neglect to point out that much of the world still protects their own markets in selected industries, making the playing field uneven anyway.
Hasn't the U. S. repeatedly accused China of unfairly supporting its own dollar?
See, the theory that globalization is great and everyone will play fair always breaks down in reality? China protected its currency artificially. Maybe the U. S. should have protected its manufacturing base artificially.
Our consumers would have consumed less because each unit consumed cost more, but the bubble would not have been so frothy I bet.
Shiv Kapoor - who clearly represents global fusion - says shunning globalization can cause an economy to fail. Later he says globalization contributed to the bubble. And the answer is global regulation.
Both Kapoor and the Dartmouth econimist - who should know as Paul Samuelson now does that up to 2,000 U. S. economists could be replaced with cheaper economists from beyond our borders - fail to factor in the huge economic damage done to the U. S. by the demolition of high wage manufacturing jobs and their replacement with lower wage service jobs. This was and is an important component of globalization.
The new wave of service workers who would have made more money in manufacturing have less purchasing power.
Also, massive illegal immigration further busted the inflationary wage cycle that is absolutely essential to keep the usury banking system going. When that cracked, the banks were doomed. They can no longer count on inflating wages to help their borrowers pay back loans made out of thin air.
Globalization did more than create a bubble. It caused the U. S. and world economy to, in the long run, fail.
The solution is not the simple mantra of regulation of global money flow.
Besides, it is contradictory to say free labor and trade are mandatory, but not the free flow of capital.
It has been proven that the free flow of capital will seek the lowest cost denominator even if, by doing so, the higher paid consumer of those lower production cost items become unable to buy them.
The world is far more complicated than dismal scientists seem able to comprehend.
If money flow should be regulated, then maybe the deconstruction of the U. S. manufacturing base, which made us more self sufficient to boot, should have been not just regulated, but stopped.
People who had to pay $3 more for a shirt would at least have a $5 or more an hour job to help pay for it.
Protectionism and reclaiming lost manufacturing jobs would be the quickest way to restore economic health in the U. S., but now there is no capital to tool up.
By the way, the farming sector and other industries keep pointing out that while the globalists extol the values of free markets for the U. S., they neglect to point out that much of the world still protects their own markets in selected industries, making the playing field uneven anyway.
Hasn't the U. S. repeatedly accused China of unfairly supporting its own dollar?
See, the theory that globalization is great and everyone will play fair always breaks down in reality? China protected its currency artificially. Maybe the U. S. should have protected its manufacturing base artificially.
Our consumers would have consumed less because each unit consumed cost more, but the bubble would not have been so frothy I bet.
Sunday, July 12, 2009
New political parties will quickly be subverted
Turning to a fresh political party is an excellent strategy. But it will only take the forces of darkness a year to infiltrate and control or divert or destroy the Constitutional party too.
I hung around an alternative party in Colorado for a while and could quickly see the infiltration. I observed the Denver UFO Society (acronym DUFOS) for a few years and saw the monthly attendance of not very covert FBI types and the manipulation of the crowd by facilitators to focus on a New Age religion while solid middle class people who wanted an explanation for what they saw were turned off and went away.
A founder of a grass roots reform movement in Virginia years ago watched as an affluent, well connected couple came into the group, was given power, and then skillfully deconstructed the movement.
George Soros,, according to Wayne Madsen, has his forces infiltrating the Democratic party and other groups in a counterintel operation.
Earlier, people who decades ago were dedicated to Trotsky's vision for international totalitarianism infiltrated and hijacked the Republican party under the cover of neoconservatism, an oxymoron it turned out.
I joined a patriotic group that believes in limited government - they are branded by the brainwashing media as extremists for being neither totalitarian nor anarchists. When I moved up to local group leader I was amazed at the huge numbers who had joined the group and then fallen away, instinctively realizing they were just being used and controlled.
The programs are now so sophisticated for mass mind control, collective false thought, infiltration, deception, manipulation.
When the late governor George Romney said he had been brainwashed, he was ridiculed and laughed at by a nation who did not realize they were - and still are - brainwashed.
The nation still believes the U. S. walked on the moon in the 1960s even though a 500 page book by Helen Bennet et al shows the use of infill lighting when the sun was behind the photographed astronauts, the fact that Kodak has stopped claiming its film emulsions were actually useable under the extreme conditions on the moon, the fact that shadows sometimes ran at illogical angles or even different angles in the same scene, the fact that the suited up astros could not have fit through the hatchof the lander on display at the Smithsonian etc etc. (Another documentary I saw depicted the camera looking past the astronauts out the window as they descended to the moon. Two craters that passed by exactly matched two bomb craters at Area 51.)
Bill Armstrong quickly refused to talk about it, but the others insist they went. They also belong to an organization, one of whose degrees is the hoodwink.
I just use the moonlanding as an example of how effective mind control is and if you are very uncomfortable and angry to have the moonhoax discussed, realize that is just part of the mental programming they have skillfully placed in your mind.
The one unanswered question I have is how many respondents on this board and other boards successfully deprogrammed themselves and stepped away from the smoke and mirrors.
But realize that our expressed thoughts tag us for the brown shirt snitches. The ones who know what we know but say nothing have advanced another step. But they also are less reliable for they obviously lack courage
Any attempts to organize and come together will be futile for infiltration and subversion is inevitable.
Hitler, who was funded by Brown Brothers Harriman, took over Germany with a minority party. Brown Brothers Harriman would not fund people like us who are moderates and believe in limitations as the most moral alternative to totalitarian and anarchist extremists.
On Jul 12 09:17 AM fireball wrote:
> in the early 90s i saw massive debt, massive corruption in business
> and politics, and a complete lack of integrity in our media. i was
> just amazed the house of cards didn't tumble sooner.
> there was little i could do on a national level. there was much i
> could do on a personal level.
> on the national level the best thing i can see is to work on a constitutional
> party and to try to starve
I hung around an alternative party in Colorado for a while and could quickly see the infiltration. I observed the Denver UFO Society (acronym DUFOS) for a few years and saw the monthly attendance of not very covert FBI types and the manipulation of the crowd by facilitators to focus on a New Age religion while solid middle class people who wanted an explanation for what they saw were turned off and went away.
A founder of a grass roots reform movement in Virginia years ago watched as an affluent, well connected couple came into the group, was given power, and then skillfully deconstructed the movement.
George Soros,, according to Wayne Madsen, has his forces infiltrating the Democratic party and other groups in a counterintel operation.
Earlier, people who decades ago were dedicated to Trotsky's vision for international totalitarianism infiltrated and hijacked the Republican party under the cover of neoconservatism, an oxymoron it turned out.
I joined a patriotic group that believes in limited government - they are branded by the brainwashing media as extremists for being neither totalitarian nor anarchists. When I moved up to local group leader I was amazed at the huge numbers who had joined the group and then fallen away, instinctively realizing they were just being used and controlled.
The programs are now so sophisticated for mass mind control, collective false thought, infiltration, deception, manipulation.
When the late governor George Romney said he had been brainwashed, he was ridiculed and laughed at by a nation who did not realize they were - and still are - brainwashed.
The nation still believes the U. S. walked on the moon in the 1960s even though a 500 page book by Helen Bennet et al shows the use of infill lighting when the sun was behind the photographed astronauts, the fact that Kodak has stopped claiming its film emulsions were actually useable under the extreme conditions on the moon, the fact that shadows sometimes ran at illogical angles or even different angles in the same scene, the fact that the suited up astros could not have fit through the hatchof the lander on display at the Smithsonian etc etc. (Another documentary I saw depicted the camera looking past the astronauts out the window as they descended to the moon. Two craters that passed by exactly matched two bomb craters at Area 51.)
Bill Armstrong quickly refused to talk about it, but the others insist they went. They also belong to an organization, one of whose degrees is the hoodwink.
I just use the moonlanding as an example of how effective mind control is and if you are very uncomfortable and angry to have the moonhoax discussed, realize that is just part of the mental programming they have skillfully placed in your mind.
The one unanswered question I have is how many respondents on this board and other boards successfully deprogrammed themselves and stepped away from the smoke and mirrors.
But realize that our expressed thoughts tag us for the brown shirt snitches. The ones who know what we know but say nothing have advanced another step. But they also are less reliable for they obviously lack courage
Any attempts to organize and come together will be futile for infiltration and subversion is inevitable.
Hitler, who was funded by Brown Brothers Harriman, took over Germany with a minority party. Brown Brothers Harriman would not fund people like us who are moderates and believe in limitations as the most moral alternative to totalitarian and anarchist extremists.
On Jul 12 09:17 AM fireball wrote:
> in the early 90s i saw massive debt, massive corruption in business
> and politics, and a complete lack of integrity in our media. i was
> just amazed the house of cards didn't tumble sooner.
> there was little i could do on a national level. there was much i
> could do on a personal level.
> on the national level the best thing i can see is to work on a constitutional
> party and to try to starve
Saturday, July 11, 2009
Again, Close The Federal Reserve.
Others have convinced me that only The Fed had the power to police and monitor the banks and head off this total disaster.
Tens of millions have lost their jobs.
Has everyone forgotten this mess was first triggered four years ago when Greenspan and then Benranke - sic - began hiking up too interest rates to "fight inflation?' Well, they triggered deflation.
There are no tears to be shed if the entire Fed is just shut down and Congress appoints an agency for regulating money supply.
The check clearing core of the Fed can be kept intact and put under the control of a new bank clearing agency.
Bank monitoring and compliance can be placed in a new agency reportable to Congress - which had better do a damn site better at oversight.
Each of these components will be transparent. No more lies. No more deception. If millions are put out of work and businesses bankrupted to "fight inflation," there will at least be public debate and accountability.
If the banks no longer own a private central bank accountable to no one - but with absolutely highest priority for bailing out by the peasants and useless eaters - why should the public care. The Fed has caused two depressions. They are a terrible idea and if European bankers threaten to kill anyone who tries to abolish the Fed, well we have battlefield tactical nuclear weapons.
Why does Congress always cower?
In the Good Shepherd, Joe Pesci recounts how different ethnic groups all have something, from the church and family to music or a homeland.
He asks WASP Wilson what do you have?
"We have the United States of America. You are all visitors."
It is time for Skull and Bones and their good ol' boy network to grow up and walk that talk.
I know, S & B was really a front for the Anglo elites to continue to manipulate us. But Hollywood movies always have to brainwash us with false thought and myths.
But the Fed should go. Its employees put out on the street just like Lehman's were.
The banks should do their job - provide money - and forget about ruling us. They have failed at that.
Tens of millions have lost their jobs.
Has everyone forgotten this mess was first triggered four years ago when Greenspan and then Benranke - sic - began hiking up too interest rates to "fight inflation?' Well, they triggered deflation.
There are no tears to be shed if the entire Fed is just shut down and Congress appoints an agency for regulating money supply.
The check clearing core of the Fed can be kept intact and put under the control of a new bank clearing agency.
Bank monitoring and compliance can be placed in a new agency reportable to Congress - which had better do a damn site better at oversight.
Each of these components will be transparent. No more lies. No more deception. If millions are put out of work and businesses bankrupted to "fight inflation," there will at least be public debate and accountability.
If the banks no longer own a private central bank accountable to no one - but with absolutely highest priority for bailing out by the peasants and useless eaters - why should the public care. The Fed has caused two depressions. They are a terrible idea and if European bankers threaten to kill anyone who tries to abolish the Fed, well we have battlefield tactical nuclear weapons.
Why does Congress always cower?
In the Good Shepherd, Joe Pesci recounts how different ethnic groups all have something, from the church and family to music or a homeland.
He asks WASP Wilson what do you have?
"We have the United States of America. You are all visitors."
It is time for Skull and Bones and their good ol' boy network to grow up and walk that talk.
I know, S & B was really a front for the Anglo elites to continue to manipulate us. But Hollywood movies always have to brainwash us with false thought and myths.
But the Fed should go. Its employees put out on the street just like Lehman's were.
The banks should do their job - provide money - and forget about ruling us. They have failed at that.
Friday, July 10, 2009
Karl Marx: Master Financial Architect
Yesterday someone else on Seeking Alpha printed a paragraph from Das Kapital by Kar Marx which exactly describes the most recent disastrous credit bubble. Marx also said deliberate creation of the bubble and its puncture would wipe out businesses and people and result in the desired nationalization of the banks.
Wish I had copied that quote because it seems to be the exact game plan we are watching from the stadium seats..
Why do we need regional banks when the Fed, The FDIC, the executive branch and the enabling think tanks only want banks that are too big to fail. I guess their thinking is that two or three survivor mega mega banks will more easily carry out social engineering.
Besides, a destroyed middle class will not require banking services anyway..
And the Fed and the FDIC can easily do their job if they only have to watch two banks. What could go wrong with such a streamlined financial system?
If it gets too unwieldy they can turn back to Karl Marx, create another super bubble among the mega millionaires who own everything, then crash it again. Then leave just one mega mega mega mega bank as the sole financial system in the new world financial order..
I am amazed that free marketer Kudlow hasn't freely found the same Karl Marx quote that outlined the use of runaway free market forces to create a totally controlled banking system in the end.
My compliments to the sinister dark forces who pulled this off, and whom, even now, try to make it look like they are trying to correct a situation that the last Great Depression proved could not be fixed by intervention from Hoover and FDR, according to Robert P. Murphy.
Wasn't it the insider and Anglophile FDR who said in politics things don't just happen.
Wish I had copied that quote because it seems to be the exact game plan we are watching from the stadium seats..
Why do we need regional banks when the Fed, The FDIC, the executive branch and the enabling think tanks only want banks that are too big to fail. I guess their thinking is that two or three survivor mega mega banks will more easily carry out social engineering.
Besides, a destroyed middle class will not require banking services anyway..
And the Fed and the FDIC can easily do their job if they only have to watch two banks. What could go wrong with such a streamlined financial system?
If it gets too unwieldy they can turn back to Karl Marx, create another super bubble among the mega millionaires who own everything, then crash it again. Then leave just one mega mega mega mega bank as the sole financial system in the new world financial order..
I am amazed that free marketer Kudlow hasn't freely found the same Karl Marx quote that outlined the use of runaway free market forces to create a totally controlled banking system in the end.
My compliments to the sinister dark forces who pulled this off, and whom, even now, try to make it look like they are trying to correct a situation that the last Great Depression proved could not be fixed by intervention from Hoover and FDR, according to Robert P. Murphy.
Wasn't it the insider and Anglophile FDR who said in politics things don't just happen.
Thursday, July 9, 2009
Great Depression & New Deal Myths
History does repeat itself.
Congress and the White House and the general public should consider Rober P. Murphy's book, The Politically Incorrect Guide to the Great Depression and the New Deal.
It turns out our schools and the media have been feeding us false information. Hoover was an interventionist. Massive spending by FDR - like Obama is doing now - did not work.
Here's what an Amazon review notes about Murphy's findings:
* The Crash of `29 was caused not by capitalism, but by the boom brought on by the newly created Federal Reserve's easy money policy (sound familiar?)
* Hoover made the Depression "Great" precisely by abandoning the laissez-faire approach that previous presidents had followed and that kept depressions short
* The bank runs of the 1930s were caused by government intervention in the banking system
* Government efforts to prop up wages and prices led to a full decade of double-digit unemployment
* FDR's arbitrary policies toward businessmen resulted in net investment of less than zero for much of the Depression
Congress and the White House and the general public should consider Rober P. Murphy's book, The Politically Incorrect Guide to the Great Depression and the New Deal.
It turns out our schools and the media have been feeding us false information. Hoover was an interventionist. Massive spending by FDR - like Obama is doing now - did not work.
Here's what an Amazon review notes about Murphy's findings:
* The Crash of `29 was caused not by capitalism, but by the boom brought on by the newly created Federal Reserve's easy money policy (sound familiar?)
* Hoover made the Depression "Great" precisely by abandoning the laissez-faire approach that previous presidents had followed and that kept depressions short
* The bank runs of the 1930s were caused by government intervention in the banking system
* Government efforts to prop up wages and prices led to a full decade of double-digit unemployment
* FDR's arbitrary policies toward businessmen resulted in net investment of less than zero for much of the Depression
Wednesday, July 8, 2009
MY response on Seeking Alpha, today, July 8, 2009
Nelson is correct. Both parties are essentially the same. As Larry Bates describes it, one is going towards socialism at 80 miles an hour and the other at 40 miles an hour.
Look at the collectivist response last autumn when the banking system was paretially acquired by the government, which had allowed banks to get too big in the first place.
When George Green, a Republican, was unsuccessfully recruited to be Jimmy Carter's campaign finance chairman for the 1976 campiaign, then Fed Chairman Paul Volcker told Green his party affiliation was irrelevant becaue "we control both political parties."
However, I wonder why the British "commentator" Abrose Evan-Pritchard cites the rise in U. S. militia groups. The U. S. government has always been paranoid that the armed force it uses to install totalitarian governments in other countries might be attempted here. But that is clearly just psychological warfare to make the general public fearful of patriots who love the country more than a world government.
Ambrose-Pritchard and the U. S. public should know by now that Russia and the czar did not fall at the hands of a public militia or even a revolution. The czar was really betrayed by his own Masonic palace guard, such betrayers as General Witte, who later tried to mount a counter revolution and was killed.
While the government tries to stir up the public to fear "militia", which is essentially just a bunch of independent unorganized deer hunters, true American patriots and a few retired generals see the real threat is infiltration and overthrow of a representative government from within the government itself.
It is the increasing realization that the top most levels of the U. S. government seem to reflect values and actions that are un-American that really has the government paranoid. The occupied government fears it has been found out.
Originally, the American people fought against British tyranny. Now, the U. S. government is accused of killing maybe a million women and children in Iraq, a country that never attacked the U. S. and could not if it wanted to. Suddenly the U. S. is kicking around the weak in a country it has no logical reason to be in.
.
Creating a scenario so the government can impose martial control here is always a possibility. The Lusitania, the Gulf of Tonkin, Pearl Harbor, the attack on Fort Sumter are widely acknowledged to have been invited or perhaps even promulgated to create a change in mass consciousness that would support war.
The riots in Seattle during the world trade meet were clearly staged by provocateurs, not the compliant initial protesters.
Which gets us back to the assertion that the two parties are like one party anyway. They are not so much fighting over issues as they are fighting over control of the march toward what George Soros calls "communitarianism." Having made his billions he thinks the rest of us should live under socialist control.
Mexico would appear to be the model. A high per capital ratio of millionaires and an even higher ratio of powerless peasants that can be easily controlled - so long as the American one party system allows the potential extremists in Mexico to be deported to the U. S. to be kept busy and subsidized by the U. S. failing middle class.
Ambrose Evan-Pritchard should be educated enough to know that the overthrow of the Russian czar was implemented from within by the palace guard and elements of the military, the funding and direction of this overthrow came from outside the government, including England and the Fabian socialists.
If a militia ever does really rise up in the U. S., it would not be proactive but simply an attempt to defend the U. S. homeland from a foreign directed takeover. To defend the U. S. from a government that implements control directed from outside this country.
This is such a simple obervation of the true forces that could come into play.
The best solution would be for the federal government to start acting like it represents all the people and is here to serve all the people. Not just repreent the money class, elements of which, are known to have financed the Russian overthrow.
To know history is to understand. Jul 08 11:32 AM
Nelson is correct. Both parties are essentially the same. As Larry Bates describes it, one is going towards socialism at 80 miles an hour and the other at 40 miles an hour.
Look at the collectivist response last autumn when the banking system was paretially acquired by the government, which had allowed banks to get too big in the first place.
When George Green, a Republican, was unsuccessfully recruited to be Jimmy Carter's campaign finance chairman for the 1976 campiaign, then Fed Chairman Paul Volcker told Green his party affiliation was irrelevant becaue "we control both political parties."
However, I wonder why the British "commentator" Abrose Evan-Pritchard cites the rise in U. S. militia groups. The U. S. government has always been paranoid that the armed force it uses to install totalitarian governments in other countries might be attempted here. But that is clearly just psychological warfare to make the general public fearful of patriots who love the country more than a world government.
Ambrose-Pritchard and the U. S. public should know by now that Russia and the czar did not fall at the hands of a public militia or even a revolution. The czar was really betrayed by his own Masonic palace guard, such betrayers as General Witte, who later tried to mount a counter revolution and was killed.
While the government tries to stir up the public to fear "militia", which is essentially just a bunch of independent unorganized deer hunters, true American patriots and a few retired generals see the real threat is infiltration and overthrow of a representative government from within the government itself.
It is the increasing realization that the top most levels of the U. S. government seem to reflect values and actions that are un-American that really has the government paranoid. The occupied government fears it has been found out.
Originally, the American people fought against British tyranny. Now, the U. S. government is accused of killing maybe a million women and children in Iraq, a country that never attacked the U. S. and could not if it wanted to. Suddenly the U. S. is kicking around the weak in a country it has no logical reason to be in.
.
Creating a scenario so the government can impose martial control here is always a possibility. The Lusitania, the Gulf of Tonkin, Pearl Harbor, the attack on Fort Sumter are widely acknowledged to have been invited or perhaps even promulgated to create a change in mass consciousness that would support war.
The riots in Seattle during the world trade meet were clearly staged by provocateurs, not the compliant initial protesters.
Which gets us back to the assertion that the two parties are like one party anyway. They are not so much fighting over issues as they are fighting over control of the march toward what George Soros calls "communitarianism." Having made his billions he thinks the rest of us should live under socialist control.
Mexico would appear to be the model. A high per capital ratio of millionaires and an even higher ratio of powerless peasants that can be easily controlled - so long as the American one party system allows the potential extremists in Mexico to be deported to the U. S. to be kept busy and subsidized by the U. S. failing middle class.
Ambrose Evan-Pritchard should be educated enough to know that the overthrow of the Russian czar was implemented from within by the palace guard and elements of the military, the funding and direction of this overthrow came from outside the government, including England and the Fabian socialists.
If a militia ever does really rise up in the U. S., it would not be proactive but simply an attempt to defend the U. S. homeland from a foreign directed takeover. To defend the U. S. from a government that implements control directed from outside this country.
This is such a simple obervation of the true forces that could come into play.
The best solution would be for the federal government to start acting like it represents all the people and is here to serve all the people. Not just repreent the money class, elements of which, are known to have financed the Russian overthrow.
To know history is to understand. Jul 08 11:32 AM
Tuesday, July 7, 2009
Banks should not have played favorites
Free markets in a America is a myth. We have monopolists who are continuously propped up by government support.
A free market America would have let the money center banks go belly up so the free markets could cleanse themselves.
I recall it was the huge banks in Japan that prompted the U. S. to encourage U. S. banks to merge into unmanageable mega-bigness. Didn't Japan experience a still ongoing economic crush despite having megabanks too?
And now free markets simply means U. S. producers and manufacturers should shut down so companies in second and third world labor markets can become the new monopolists.
It was partly the banks that encouraged the huge concentrations in industry after industry because in their thinking it is easier to make one mega loan - and watch it (fail) - than make many smaller loans. But the megalenders have found out the borrowers are now so big the bank now works for them. Think about it. The borrowers can and do just liquidate and walk away.
The banks have to figure out how to get their huge megaloans back. How to get the mega derivatives unwound. How to make one huge loan to a lot of foreign low wage workers they wanted brought in.
When the banks started favoring a few businesses in each industry in order to consolidate them for lending efficiency they started down the free market path that leads to corporate welfare.
A free market America would have let the money center banks go belly up so the free markets could cleanse themselves.
I recall it was the huge banks in Japan that prompted the U. S. to encourage U. S. banks to merge into unmanageable mega-bigness. Didn't Japan experience a still ongoing economic crush despite having megabanks too?
And now free markets simply means U. S. producers and manufacturers should shut down so companies in second and third world labor markets can become the new monopolists.
It was partly the banks that encouraged the huge concentrations in industry after industry because in their thinking it is easier to make one mega loan - and watch it (fail) - than make many smaller loans. But the megalenders have found out the borrowers are now so big the bank now works for them. Think about it. The borrowers can and do just liquidate and walk away.
The banks have to figure out how to get their huge megaloans back. How to get the mega derivatives unwound. How to make one huge loan to a lot of foreign low wage workers they wanted brought in.
When the banks started favoring a few businesses in each industry in order to consolidate them for lending efficiency they started down the free market path that leads to corporate welfare.
Subscribe to:
Posts (Atom)
