Tuesday, February 10, 2015
KUDOS to the New Leader of Greece!
Congratulations, Greece! Your new leader is a guy who is telling the Neoliberals to go to hell. Every country, including the USA, needs just such a person.
Via the IMF, and/or central banks, and/or other mega banks, Neoliberals at the highest levels (including the Democrats and Republicans here) through deceptive practices entice countries to take on massive debt. Then, when the debt is unsustainable, these same mega banks and the IMF coerce countries to undergo austerity or in some cases sell off their public infrastructure to private, mega corporations. It boils down to this: Neoliberals save the mega banks, not the economy...Wall Street, not Main Street. All for Globalization and privatization. The ultimate Goal is the world as one giant Business...and none of it is a "conspiracy". For the most part, it's in plain sight.
As David Rockefeller stated publicly in 1991: "Surely it is preferable to have the world run by unelected elites than by the corrupt politicians of today."... that's pretty plain. Despite that, Neoliberals often are deceptive. For example, here in the USA they go by the labels of "Democrat", "Republican", "Liberal", and "Conservative". They use Edward Bernays style Propaganda to dupe people into accepting things such as N.A.F.T.A., T.A.R.P., T.P.P., and T.A.F.T.A., all of which serve the Oligarchy, not Main Street.
The Neoliberal Congress and Fed Reserve in this country have given us an eighteen trillion dollar debt... and it's still growing. There is however, no visible austerity here. Instead, it's just under the facade of "the economy is recovering" Propaganda. Here's how it's "recovering":
1. with continued Financialization, which transfers wealth from the Middle Class to the Upper Crust;
2. with continued sale of bizarre Financial Derivatives, which create no jobs;
3. with continued debasement of the dollar;
4. with a massive Trade Deficit;
5. with continued off-shoring of factories and jobs;
6. with the creation of lower-paying permanent jobs, temporary jobs, and part-time jobs;
7. with continued deficit spending;
8. with an estimated one quadrillion dollars of Financial Derivatives still out in the Market... many bubbles just waiting to burst;
9. with QE-4 waiting in the wings;
10. with Gov't promoting another housing bubble;
11. with someone or some institution (or a combination) manipulating the crude oil market; and,
12. with rolling back regulations on the mega banks that caused the 2008 Crisis.
This is not what I would call a recovery.
[NOTE: The 2008 Crisis was not caused by sub-prime mortgages; they were simply the trigger. The underlying cause was the fact that mega, Neoliberal banks sold trillions of dollars worth of essentially worthless Derivatives. Many (or perhaps most) of them were credit default swaps which were supposed to "insure" investors against losses... but didn't. The mega banks knew they couldn't possibly serve that function when they sold them to pension funds, cities, counties, countries, and other investors. It was a massive fraud. Under the Corporatist Obama here, almost no one has been held criminally liable. Plus, things are now set up for the whole scam to happen again... I'm guessing within five years...easily.]
Neoliberals and Neoliberalism must be confronted and resisted. In order to do that, we must stop drinking the Propaganda Kool Aid. First Iceland, and now Greece are showing us the way. Heartiest congratulations to both. There is no reason whatsoever that Globalization must take the form that is espoused by Neoliberals. There are other options.
Not just my opinion. Be Well