government. I like it no more than any other big government. I don't
think the threat is 'socialism' but rather serfdom. I regard anything
I have to pay to retailing or excess profit as tax and anything I have
to pay to capital based on accumulated wealth as a toll. I'm not
concerned whether the government or private sector taxes me, but my
control over it. For instance, I regard anything beyond a basic
haircut as a tax, but can easily avoid anything other than a short
back and sides.
If we lived in a commune, those of us getting home with sore backs
after a day of toil might well object to other members who claimed
their job was to sit around all day playing Monopoly. This is much
how I regard the banksters - beyond the primitive stuff we need. The
trillions swilling about that Orn raises represent a form of Monopoly
played with our currency.
Around the West you can see that wages have ceased to rise and debt
increasing since around 1965 - the previous examples are in gold
rushes and the Depression. China is no different in the last 20
years. The figures expressed in GDP terms are clear and also show a
massive adjustment of wealth to the rich. The essence of it all is a
move from building lives and capital that is investment in such, to
accumulation through speculation for a few. Our politics is 60 years
behind what is going on. The figures don't show the money going on
public services but into the Monopoly game we don't get to play in.
If you look at what the bottom 50% in our economies own of what we can
put a money value on it's very small in comparison with the top 20%.
Our governments are both corrupt (most MPs or representatives are
economically useless) and scared - they are ploughing money to the
banks and changing requirements for them to hold more Teir 1 capital
and the rest - but must know the banks simply change their false-
accounting schemes in order to play their old games. The new QE is
privatised and what's going on is asset sweating - they are still
borrowing our savings and pensions in repo deals that mean our low
risk investments are still going into junk and gambles. The question
is where the losses are and how they have been dumped. In the old
Barings case, the losses were dumped into an 888 account - but in this
wider crisis the losses are so massive that governments have decided
to inflate their way out. This is an old trick, practised by the
Germans to evade reparations.
The alternative is to go for job growth and wage inflation - the other
being war. The situation is clouded by soaked up ideologies about
meritocracy, hard work and despising poor people as wasters. In
reality we have no idea of how little work we need to do, or how bent
the banksters are. The banksters have created their own free table
(Plato's communism), but socialism isn't needed to end this -
transparency is.
The USD is probably finished as a reserve currency - this should scare
all Americans and Europeans who have lived under the US military
umbrella - much as many of us resent what this has done. I
investigated a few 'insurance rings' as a cop - discovering many
dodges happening through players in different organisations that
allowed cuts to be taken from insurance payouts - the banksters do
something similar. At root it's about taking money to 'insure'
investments knowing there is no insurance because any insurer would go
bust if required to pay up. In the processes they get to buy real
assets with dud 'secuitised' money. They have been betting with our
futures.
We need rid of them without ending up with big government.
On Sep 4, 8:17 pm, Don Johnson <daj...@gmail.com> wrote:
> Timmy "Turbo Tax" Geithner has much to answer for. Ruining this country's
> economy seems to be at the top of his list. I wonder if the msm will pick up
> on any of this and stick with it until incompetent and/or conniving
> opportunists can be removed from their appointed positions of great power.
> How long will it take?
>
> http://professional.wsj.com/article/SB1000142405311190346110457646007...
>
> dj
>
> PS: Interesting in that your link fails to mention the man(Bernie Sanders)
> with the provocative quote about socialism for the rich is actually a card
> carrying socialist himself. One of the few actually willing to admit it.
> Also, strangely, no mention of the architect behind the 'secret' bailouts.
> Mr. Timmy 'Turbo Tax' Geithner. A mystery wrapped in an enigma and slathered
> with stinky Maroilles.
>
> On Sun, Sep 4, 2011 at 1:00 AM, ornamentalmind
> <ornsmindseyes...@yahoo.com>wrote:
>
>
>
>
>
>
>
> > For those who know the private corporate status of the Fed., the
> > following won't be much of a shock. For the rest, it may be.
>
> > First Federal Reserve Audit Reveals Trillions in Secret Bailouts
>
> > The first-ever audit of the U.S. Federal Reserve has revealed 16
> > trillion dollars in secret bank bailouts and has raised more questions
> > about the quasi-private agency's opaque operations.
>
> > "This is a clear case of socialism for the rich and rugged, you're-on-
> > your-own individualism for everyone else," …read the rest at:
> >http://www.commondreams.org/headline/2011/08/28-3
0 comentários:
Postar um comentário