GREATER DEPRESSION

THE 1930s WERE JUST A WARM-UP. THIS IS THE REAL THING.

*** [July 23, 2011.]

In a few words: There were no good reasons to have a depression in the 1930s, whereas now, there are plenty. We have global, entangled crises in trade, finance, democracy, demographics, resources, pollution, ecology, energy. Let alone unbalanced climate and oceans. So, although avoiding a repetition of the mistakes of the 1930s is a must, it will not be enough to avoid disaster. Meanwhile the Obama presidency has turned into more of the Clinton-Bush madness, with a few new crazy twists, but none of the courageous decisions needed.

Abstract: I advocated long ago that we were engaged in “Great Depression III“, the mother of all depressions. The word “depression”, is starting to  appear, here and there, even among Serious People, as Obamania goes from cool to cold, and dissembling to disassembling. Obama. duplicating Bush, thought it was smart to lower taxes on the hyper wealthy. That helped to explode the deficit. Now, sadly, the president’s erstwhile allies, the bipartisan republicans, have apparently informed him that he is past his expiration date.

Indeed the situation is depressing: never, ever, have many things looked so grim; Obama’s dawn has transmogrified into a sun sinking into red ink. The Federal government spends 24% and takes in 16% of GDP. And has little to show for it… Besides saving the auto industry. Mr. Obama, where is your Hoover dam?

Mr. Obama, why did you not rise taxes on plutocrats, and hedge fund managers when you controlled Congress and you had a super majority, filibuster free, majority in the Senate? (And as I asked insistently, BTW.)

But the drama is much bigger than Obama’s friendliness to those who caused the crisis. A horrendous confluence of disastrous factors is building up.

Even the Late Roman empire’s situation was balmy, comparatively to the torrid events building up ahead.

Only the Mayas faced such a bad entanglement of evils, when a multi century drought struck, and their bickering, plutocracy riddled society, imploded in strife, wars, flames, mayhem. The means of maintaining alive 90% of the population were destroyed. The multi-millennial Mayan civilization imploded, and was still a vaporous shadow of its former self, when the Castillans showed up, six centuries later.

The governments of the West are not reacting appropriately to the present crisis. What we are truly engaged in is a war against the worst elements. All of them; but for tribal racial fascism… so far.

So what we need is a tremendous effort, all together now, and just going on with the plutocracy, while depressing economic activity by cutting spending and evoking “competitiveness”, as the USA and the EU insist of doing, is the exact recipe for disaster. Indeed what we want to avoid is the war of all against all (as happened in the 1930s).

Cutting which spending, and what does that mean? Ultimately, money is a signal of activity. What we need right now is more, not less, activity. And activity has to be well thought out. The free market has proven unable to manage even its own speculation, so it should be put out of its misery, by making it much less free.

The strong hand of careful wisdom should now steer the free market, just as it should steer civilization. Start by noticing that “competitiveness”, all too often, means just war against the People.

Nobody is “competitive” against, no competition helps against, a rising acid sea, or competitive against ever more expensive energy.

So the notion of competitiveness, drummed up by the stupid leadership in the USA and the EU is besides the point. Beating other people will not help. The genus Homo is made to fight adverse elements. But recent civilization, which created those adverse elements, is made to foster them, not to defeat them.

Why? Mostly because, just as in finance, the major decisions are taken by a few self serving idiots in the shadows, using levers (such as the fractional reserve system), which are not on the radar of befuddled masses’ cognitive powers.

The leaders of the “representative democracy” we have today would be acting idiotically, even if they were smart, because they do not use the major advantage of democracy, which is serious public debate.

(Obama just fakes it, as he showed in furthering the mayhem in Afghanistan, or with health care, or with financial reform, or with his non stimulating stimulus, etc.; each time those big decisions were taken in secret, without public debate.

The EU does not even bother to fake public debate, at least under Sarkozy and Merkel.

It is no happenstance that finance is the paradigm of anti-democracy. As one of the Rothschilds, a family of bankers, noticed two centuries ago, he was the real power behind the throne, because he created money, and directed it to go wherever he wanted to. In other words he directed the (economic) activity of men for all to see. So he was a slave master, without whips and chains, having seized the muscles of the multitude. (President Jackson of the USA was aware of these facts, and hated the Rothschilds,  and big bankers in general.)

In the present world, it’s much worse, because the likes of Murdoch not just tell the multitudes what to think and what to feel, but, even, what to worry about (celebrity, not profundity). When some plutocrats, the Koch brothers, decided to create a fake protest party, the Tea Party, supporting the plutocratic cause, it was easy. It was even easier to make a campaign against the significance of a quickly raising CO2 level.

The beggar in chief proclaims he will put a billion in his can, for greasing the wheels of his next election, and experience shows that he will only listen to the biggest contributors. The latter, being obsessed by greed, are a selection of the dimmest.

Yes, a selection of the dimmest, because the money of the plutocrats is often inherited (Murdoch, Kochs, etc.). And, when it’s not, the passion to dominate other men is often the main driver of these plutocrats. So by accepting plutocracy, we accept to be led by the hand of fate (inheritance), and, or, by those devoured by the lowest instincts, and keen to devour us in turn.

Plutocrats direct the very hearts of the minds of the multitudes, to satisfy their masters’ lust.

Europe  has already known such a crisis: after the year 1000 CE, plutocracy grew irresistibly until inequality and inequity, distracted by religious fanaticism, led to the centuries of strife, that characterized the late Middle Ages and the so called Renaissance.

***  

***

SEMANTIC  SWITCH FROM RECESSION TO DEPRESSION, Following Yours Truly:

Paul Krugman is embarking on the depression bandwagon, in “The Lesser Depression“. He used to call the unfolding disaster the “Great Recession“. I have proudly brandished the notion that we are in a Greater Depression, years ago, for reasons I will make manifest, once again,  before this essay is over.

I mention this is not because I want to crow about my intrinsic glory, but because the unfolding catastrophe was foreseeable, long ago. My basic insight is that the “Great Depression” of the 1930s was a conjunction of several accidents, like a few waves coming together, whereas what we are facing now is several towering tsunamis, barring the horizon, the result of enormous, inhuman forces unleashed. The mental dwarves who lead us understand this not, and are not up to the challenge.

What we have now is more of the fundaments of what happened in the 1930s, but we cannot say it’s accidental, this time. The way to prevent said financial accidents was deliberately removed by people acting according to an ANTI-PUBLIC IDEOLOGY. How can one have a republic when the leaders have an anti-public ideology? This is an old quandary, already blatant in Rome, 22 centuries ago.

We  also have new structural disasters in the making, such as using more ecology and energy than we have at our disposal with present technology, poisoning the biosphere with greenhouse gases of several types, some of them with extravagant names and industrially manufactured. So the seas are rising and acidifying, droughts are wrecking the planet, and the poles melting, while the Earth’s climate is switching to the hot mode which brought saurians to Greenland and dinosaurs to Antarctica, 100 million years ago.

***

DROWNING IN CONTRADICTIONS:

Everybody knows about Mr. Obama: when he could, and should, have removed the tax loopholes of the hyper wealthy, he did not. Instead he went on a crusade, killing Afghans and Pakistanis, in violation of the laws of war, in the later case. Now he has killed lots of Afghans and Pakistanis, it cost a lot of treasure, lives, and limbs, and he has nothing to show for it, because he was engaged in one side of an Islamist civil war, which ought to be none of the business of the secular West.

If not a great humanist, Mr. Obama is, at least, a great humorist. For two years, he could have augmented the margin tax rate of the hyper rich to 99%. But, instead, he made taxes on the hyper rich lower than they ever were. So now he has a deficit, and he points at the newly elected republicans. He calls politicians “irresponsible”. But who was responsible of the USA, in the last 30 months? Mr. Obama could have taken thousands of decisions in the first few months. Instead he claimed that he was going to change Washington with cool love, and waited for the republicans to love him, and approve of all he might perhaps want to do, first, before he would try to do it. 

Now that Obama cannot ask the hyper wealthy to pay as much tax as the middle class, guess what? He claims that he wants to do so, to reduce the deficit. Or so he says. Darn, he forgot to do it when he could. Is he just phenomenally stupid, as some commenters in the New York Times are now finally suggesting? Or is he greedy like Clinton, and faking his supporters out, while conducting an effective policy on the right of the Tea Party? Or is it both?

Now Obama makes noises about hitting the brakes, the middle class, Social Security, Medicare. He says that’s because, a government is like a family, and has to watch its money. I guess the adults like him and his friends the financiers and plutocrats, get to spend as much as they want, while the children, the rest of us, are on a tight budget.

Obviously, Obama does not even know that he does not how money is created in a country. Otherwise he would not claim that a government is like a country, with him as the father of the nation. Government delegates authority to private banks to create most of the money. The government itself starts the process, namely the government itself creates money. Families don’t create money out of thin air, Mr. Obama, governments do.

In truth, as Krugman says: “Even if Washington and Brussels succeed in avoiding immediate financial catastrophe, the deals being made will surely make the broader economic slump worse.”

OK, the Europeans don’t have the excuse that Obama has, to be officially financed by Wall Street. The development of the month is that the French, also known as the “Europeans” came out with another half baked (thus indigestible) plan to rescue “Greece”, that is, themselves. States will lend 108 billion Euros to Greece so Greece can pay what it borrowed before, and, this time, finally, the banks are taking a cut of 50 billion euros or so. (The latter point thanks to Merkel, who seems to be waking up).

In other words, this plan crosses a psychological Rubicon: It is a PARTIAL DEFAULT OF A COUNTRY, Greece. It’s like the first rock coming down, symptomatic of an avalanche. By the way, the private bankers were also at the EU meeting. That’s more honest. But who elected them bankers? Just in the case of France, the French national debt will augment by 15 billion euros (~ 22 billion dollars), just to rescue Greece, a little country with 11 million inhabitants.  

Bankers ought to be in jail, or out of business, and their property redistributed to those they stole. Instead, they are at the table, feeding at the trough, talking big with the representatives of the People.

Somehow, what’s called “Greece” is a bunch of banks many of them in France (so France wanted a special “solidarity” tax on banks), or in Germany (and Germany found less painful for exposed banks to take a little cut). There is a French habit to have “taxes on solidarity”. The Germans fear the French imperial approach of making a super-state of the style Napoleon and his imitators visited on them in the last two centuries.

Then there is the real Greece of taxpayers, and small incomes, suffering while the super rich plutocrats, including the Orthodox Church, do not. The least the Greeks could do is to pay taxes, as they are in deep sh.., IMF director Strauss-Kahn pointed out, a few days before he himself got in deep sh…

To enhance my considerable popularity, I would propose a tax on Mount Athos, a vast private peninsula where the female gender is forbidden by the monks. Hey, please, one never knows, especially when a long deprived monk comes across one of these tempting sows, the help of the Lord could not be enough, and he could turn into a real Strauss-Kahn, grabbing whatever can be grabbed on a sow… Mount Athos is adorned with some extravagant new monasteries financed by those immensely wealthy and honestly hard working Russians…

So the Europeans came up with a Statement By The Heads Of State Or Government Of The Euro Area And EU Institutions (pdf). The fun part is, more of the old stuff, the famous 3%:

“All euro area Member States will adhere strictly to the agreed fiscal targets, IMPROVE COMPETITIVENESS and address macro-economic imbalances. Public deficits in all countries EXCEPT those under a programme will be brought below 3% by 2013 at the latest.”

Greece, is under a “programme”. The Greeks had insisted to convert the Drachma, dramatically, into the Euro, at too high a rate. That made Greeks instantaneously rich, but long term uncompetitive.

Speaking of competitiveness, Obama and the EU leaders views “competitiveness” as a panacea. Everybody will outcompete, beat up everybody else! Beating others up, is the wrong obsession. We saw what that one leads to, in 1914. If one improves competitiveness too much, worldwide, we will be at each others’ competitive throats. The improvements to be made ought to be phrased differently, from the EU to Washington.

It will be interesting to see how many European countries end down under a “programme”. The will expressed by the two big dogs, France and Germany, to reduce deficits under 3% is to be taken seriously: that is what they did in the 1990s, and Germany squeezed very hard its working class to become more competitive. It did it harder than France, and came out better.

So now we have a two speed Euro group: the big dogs pulling ahead, the colonies in tow. Nothing wrong with colonies, in my book. Better a big empire, than a big mess. (That does not mean that empires which cause messes are welcome, quite the opposite!)

***

SELF FEEDING FINANCE IS AN EXPONENTIAL TO PLUTOCRACY:

There are more than analogies between the crises in Europe and the USA. There is a common fundamental cause to most of the troubles of Western politics: the PRIVATE-PUBLIC MONEY CREATION SYSTEM THROUGH GOVERNMENT INSURED FRACTIONAL RESERVE LEVERAGED PRIVATE LENDING (thereafter to be called, as financiers do, “fractional reserve banking”). OK, it is more than a mouthful: it is a brainful, if you will forgive me this neologism.  A brainful which made us all sufficiently stupid, so that this exploitative system can perdure.

The very fact that fractional reserve banking is a brainful explains why we are stuck with it: nobody who is enraged enough to want to destroy it, understands it, and most of those who understand it will not complain about it, because they profit from it. “Fractional reserve”  is basically a banking system which makes the rich who are in finance richer, without much effort, if they are allowed to use it for their own profit without retinue, in connivance with the elected officials.

Fractional reserve leverage lending allows private individuals, unelected, unsupervised, to create money. Out of thin air. Differently from families. For some reason, those individuals, the bankers, also create politicians. That’s bad enough, but it gets worse: all the money they create is invested, not in the real world, but in a parallel universe they themselves defined, which allows them to claim unearthly profits.

Banks ought to NOT be allowed to speculate in finance, just in the real economy. Even Sarkozy said that at Davos, to the obvious rage of his audience of plutocrats (not that Sarko himself is not plutocratically connected: he is, very well, in several ways; just he was seduced by the truth for a moment).

When banks are allowed to speculate in finance, they create a self feeding loop, familiar to musicians using amplified music, when the sound of loudspeakers feeds back into a microphone. One cannot say this enough: the public has to understand it, to force their leaders to do something about it, to block the plutocracy’s conspiracy to capture civilization (whether this conspiracy is conscious or not, whether some are really plotting or not, is irrelevant: they have to be stopped).

***

EURO CRISIS, OR CONVENTIONAL BANKING GONE POLITICAL:

Critiques may point out that, indeed, non linear self feeding is the problem with American banking, but preventing it would have not saved French and German banks from slip shot investing in “Greece”, “PIIGS”, and the like. Correct. But the bankers invested in the European equivalent of American subprime mortgages, in connivance with the elected officials, knowing full well that bankers could do whatever, and they would be rescued by the friends they made sure got elected, by using the new serfs, the taxpayers. It was a win-win combination: the worse it got, the worse off the serfs would be, augmenting the bankers’ glory.

Because, at best, glory is most of what the plutocrats are about. Glory allows to forget the rest, the frailty of the human condition.

The self feeding financial speculation loop was the fundamental problem which led to the crash of 1929. Since then, every country has dealt with that situation differently, just as the meaning of “Central Bank” has differed in different countries. For example the safeguards in France prevented French banks to be caught in the 2008 meltdown. However, many French banks are getting caught in Southern Europe, more than banks of any other country, because of standard lending.

As the Germans went through a purgatory in the 1990s, accepting lower salaries, and lower profits, to build the future, they could to do it again. But watch France, because, if the economy cracks there, the People will rise in revolt. Also do not forget that there are large stimulus programs on, privately financed, government steered, at least in France. Thus the situation of France and Germany is not the same as that of the USA. As long as the center, Franco-Germania, holds, nothing much will happen in Europe, in the way of revolt.

***

WHY GREATER DEPRESSION? LET’S REPEAT SLOWLY:

Let’s revisit again, in a bit more detail, the causes of this Greater Depression.

The present state of affairs is afflicted with most of the causes of the Great Depression of the 1930s, but it is also adorned, with new ones.

An example is oil: it was becoming the new energy source in the 1930s. Right now, we have NO NEW ENERGY SOURCES. Oil will start running out badly in 2016, as both new and old fields prove very onerous.

What about renewable energy? Well, most of that is hydraulic. Solar could be a game changer in the South West USA, but has not received the support required from government to develop it massively.

Why is it that we have new massive energy source? Because we are led by irresponsible plutocrats, and, just as many Roman emperors, they fear really new technology (not all Roman emperors were so: Hadrian, for example, was an amateur architect, who had more than an hand in the construction of the Pantheon, the world’s most advanced building; but other emperors paid engineers to not reveal their inventions, on the ground that they would be socially disruptive!).

The reasons for depression found in the 1930s that we do not have presently are the collapse of international trade, the bankruptcy of thousands of American banks, and the rise of fascism in Europe and Asia. Those were accidental circumstances and consequences, which transformed a severe recession into a sharp calamity. Right now, we have the obverse: an irresistible catastrophe, not to be saved by any accident.

True, some of the old errors have been avoided, this time. But worse errors are being committed.

Leaving in place the financial crooks , idiots, and scams who caused the crisis is exhibit number one. In the 1930s, many crooks and their thought systems were promptly evacuated. By 1935, all countries were expanding strongly. Some (USA, Germany) started in 1933, thanks to revolutionary means. Yes, FDR was a revolutionary (for the better). Hitler was also a revolutionary, for the worse (but some of the methods were the same, namely going over the money economy, directly into the activity economy, by government fiat; Hitler did the freeways in the 1930s, Eisenhower did them, in the 1950s; now China is doing high speed trains, all over, all too fast).

Under the guidance of the self interested, crooked bankers, everybody in the West has turned into Barack Hoover Obama, father of the overspending family. Activity is cut back, just when it should be spurred. As long as the White House is not set on fire, that sounds smart.

Another new error, is a rise of fascist and plutocratic propaganda within the Western democracies themselves. In the 1930s, in Britain, France and the USA, the fascists tried to seize power (in France and the USA through insurrection, in Great Britain, by having the pro-Nazis discreetly steer the British state). They were rejected with lethal force in France and the USA, and Britain came to its senses, threw out the pro-Nazis, and aligned herself with France by 1938. It is true, as I always say, that much of the western plutocracy was allied to Hitler. But that was subterraneous. American GIs  were left unaware of the help American plutocracy gave to those who were trying to kill them.

Right now we have this strange situation that forms of fascism have gained traction in the  USA, ever since 1979, when the White House attacked the Democratic Republic of Afghanistan.  A succession of “wars of choice“, in other words, wars of aggression, where engaged in, starting with the Afghan war (I know the propagandist in chief says the opposite: he says what he was told to say). All these wars are susceptible to earn hanging to their authors, according to the precedent of Nuremberg.

The most famous propaganda feat was the attack against Iraq, which concluded a ten year siege, supported by the massive propaganda from Rupert Murderoch, CCC, and many other loud speakers of the plutocracy.

Propaganda, in the West, and especially the USA, was made against human rights, the Geneva Conventions, and for torture, injustice, and war crimes (such as strikes against civilians without due process, using robots in foreign, sovereign countries). This enormous reversal against the tradition of the Enlightenment is working: polls show that young people have been seduced by it. As Hitler put it (paraphrasing him):”I don’t care about you, your children already belong to us!

Some will say that I mix everything. No. They would say that because they have a small, handicapped, mutilated definition of plutocracy. Plutocrats are not just about wealth. They know they cannot enjoy wealth forever, because they basically STOLE it. They can only enjoy it, and their descendants, if and only if they demolish human rights. That is why they support wars of aggression, fight human rights, and support the tabloid mind. Plutocrats have never met an instinct they found base enough, for their evil purposes.  They even support the Greater Depression, because, with a bit of luck, it will bring the best fascism ever imagined.

The Patriot Act, Guantanamo, etc. threw large parts of the Constitution and tradition of the USA below the plutocratic, imperial bus. Moreover, whereas the bankers were left free to jump from windows in the 1930s, this time they are getting all the money they want from their political pals…. So that they can stay on top, and feed their pals again. Another self feeding loop.

So, although the exact same fundamental causes as in the 1920s are lined up now, differently from the 1930s, those causes have been left unpunished, at least in the leading countries of the West. In the 1930s, the bad bank managers were removed by bankruptcy, leaving banking cleaner and smarter thereafter. Nowadays the vultures are fed, and revered:”My friends!” say the president when he evokes them. (Whereas Teddy Roosevelt and his cousin FDR, were independently wealthy, and their minds had not been captured, or made, by the plutocracy; Teddy Roosevelt became president from the assassination of McKinley, by an anarchist; so Teddy was fully aware that things had to change, after a 20 years depression at the end of the 19C).

Another cause not found in the 1930s: the West is struck by globalization, which has become a weapon the plutocracy manipulates with gusto (in the 1930s, American plutocrats only manipulated Germany with gusto).

Globalization is turning into reverse colonization. Indeed Western serfs are left increasingly with no job, but pauperization.

In the 1930s, the world’s greatest industrial and technical power was the USA, the self, but accurately described “arsenal of democracy“. Thus the “Great Depression” was just a slow-down, a momentary adjustment to a more socialist system, from unsustainable plutocracy. Right now, the USA is losing its supremacy in nearly all ways. Not just this, but it is riddled with plutocratic disease. The USA looks more like the head of the rotting fish.

That is why the present economic malaise it is a Greater Depression. It is not just economic and financial, it is moral and mental, and even cognitive. How many people are aware of the outrage of fractional reserve banking? (It’s no accident that Switzerland put the toughest conditions on its fractional reserve banking, by rising the reserve of tiers one capital to 20%; Switzerland is more of a direct democracy, that’s why it does not want to have to come to the rescue of its banks!)

Delusion and self deception only makes the Greater Depression worse. In the 1930s, president Franklin Delano Roosevelt pointed out that “we have only one thing to fear, it is fear itself“. Now the ecology is giving way, the energy is getting unsustainably expensive, the water is getting scarce, and the industrial, educational and motivation systems are failing, at least in the West. We have much to fear. And, first of all, we have to fear stupidity itself, against which, the Gods themselves contend in vain.

***

Patrice Ayme

Advertisements

Tags: ,

57 Responses to “GREATER DEPRESSION”

  1. Plutocrat Says:

    Wow! Not sure where you get your news but you might want to change the channel. Obama has been trying to eliminate tax cuts for the super wealthy from the beginning of the debt ceiling negotiations. Your “bi-partisan republicans”, which I got a good laugh out of thank you, have been shooting down any mention of tax increases. Seems pretty simple to me. What does any business do when they have more debt than revenue? They find ways to increase revenue and they trim the fat. Obama has put several offers on the table to trim the fat even at the cost of pissing off his own party. Meanwhile republicans, as usual, have found a new buzz word to use for the hyper-wealthy as you put it: the job creators. Rather than just being up front with the American people that they don’t want the rich to have to pay more taxes so they have more money to fund their campaigns, they call them “job creators” so that people get scared more jobs will be lost. These “job creators” have had these tax cuts since the REPUBLICAN president Bush signed them into law and so far have done nothing but lay off the middle and lower classes.

    And I wouldn’t be so quick to knock globalization. I agree it sucks that companies are sending good jobs overseas, but let’s not forget that, again, Bush was the one who gave out billions in tax incentives to do just that. Obama is proposing we stop those tax incentives and even reverse them to give incentives to companies that bring those jobs back. But, of course, republicans don’t want to see their “job creator” campaign contributors have to lose one of their yachts.

    Globalization has also become another form of security for the US. If there was anyone in the world capable of beating the United States in all out war who would it be? China, right? Good thing China holds most of the United States’ debt so that war (or default) with us would be self-defeating. Not to mention that with the amount of exporting they do to the United States which creates jobs and wealth on both sides it would seem that everybody is happy. I would bet that you couldn’t find a single thing in your home that was 100% American. You may have things made in America, but I bet even those things have parts or materials made overseas. Why has America become like this? Because Americans are entrepreneurs. We look for opportunity and seize it. If silk from a Chinese worm means more profits for a company making American flags than an American worm than by golly they’re going to get it from China. That’s the world we live in. Get used to it. Embrace it. Trust me you’ll become a “job creator” much faster that way.

    I can appreciate your attempt to use history as a predictor of the future, but it is a very different world now than it was in the Great Depression or any other time in history. The economy sucks, no doubt. But as any economics professor will tell you, it will eventually cycle back just like it always does, and were all greedy bastards. Also, if your going to use history, at least get it right. Case in point:”ever since 1979, when the White House attacked the Democratic Republic of Afghanistan”. lol! What??? Check the books Patrice, the Soviets attacked Afghanistan in 1979. The United States provided covert support to the mujahideen who eventually won their country back. Maybe if we had engaged in some nice “plutocratic” nation building back then we wouldn’t be spending so many billions of dollars there now. And I don’t know what the United States government has done to you personally that would make you believe they are purposely using drones to kill civilians in Pakistan, but shame on you for accusing our soldiers of murder. Have civilians been killed? Yes. It’s horrible. I hope I never know what it feels like to be the person controlling the drone who finds out they missed their target or had bad intelligence. Or especially the families of the ones with lost relatives. I hope you never do either. But that’s war.

    I could go on but I imagine I am just wasting my time anyway. But just in case you actually give up on your ridiculous conspiracy theories which seem to consistently assume the worst of everybody except yourself like a true narcicist, maybe switch to a different source of information. BBC, NPR, Bloomberg;all good choices. Or maybe you should try moving somewhere with a wealth distribution system. Although I’m pretty sure the only one where you could find a decent quality of living is China. And they aren’t big fans of blogs critical of the government.

    • Patrice Ayme Says:

      “Plutocrat”: Thanks for your epistolary version of FOX News. I have watched thousands of hours of FOX, like the imperial eagle watches the fox, because it’s dinner.

      First to adress your defense of globalization: I am far from an anti free trade partisan. Just the opposite. I would even remove all visa and residency control throughout the West (as it used to be, before…1914!).

      I am myself FOR globalization. I am actually hyper global, so it would sit poorly with me to be against myself. I am transnational, I have a multinational, multi continental family, I talk many languages, and I own a French car, a German car, and a Ford (due to my multicontinental presence). HOWEVER, globalization is NOT done right just now. It is done as reverse colonialism, presently. Globalization is completely out of control. The globalization we have now is a form of plutocratization, no doubt bringing you to ecstasy.

      Your argument, oft used by the mentally challenged, that because the USA owes a lot to China, China will never attack the USA is the fruit of immense business wisdom: it is well known, in the sort of naive universe you love, that creditors never attack debtors.

      By the way, I have a gold plated, flying dragon to sell you, if you send me your banking information. Don’t hesitate, it’s a unique opportunity, and, with this Flying Dragon made in China, you will be invicible, and better able to serve your Lord Pluto.

      You talk, and you teach from history, and you think your history is right, but it is not.

      1) Obama had 2 years to rise taxes on the hyper rich. On day one, he could have: he controlled Congress, and had a super majority in the Senate. He claims hypoctically to be trying now that he is sure it will not happen, thus posing as a combatant of the plutocracy, fighting it with vapor. It’s kabuki theater as one of the commenters here, Multumnonmulta, pointed out.

      2) You should read my sites, so you can learn some basics. Top American officials in charge at the time (including Gates, who was head of the CIA) have boasted that the Americans did attack the Democratic Republic of Afghanistan, first, precisely to force the USSR to intervene. I gave extensive quotes.

      Hitler knew some history, enough to mangle it throughout, and make the wrong deductions. Those who know only a few facts (Obama thinks the Afghanistan war started on 9/11), or not enough facts (you think the USSR did it), do not know enough to establish causality, hence culpability.

      In “plutocrat” there is hell. You serve your lord well, and he thrives in China indeed, a country with a wealth distribution nearly as bad as the USA.

      Anyway, good try, Plutocrat, come back, please, it beats watching FOX News. I love the naive howls of the Murderochs roaming the ranges of the wild… hunting evil: nothing like it.
      PA

    • multumnonmulta Says:

      Pluto, it’s so depressing to read your lines because they are written with an orthography better than many, yet they fail even the test of geography. Get out of your couch, man, and see the world through the others’ eyes, don’t just claim platitudes of the type, “that’s war.” Place yourself not in the chair of the drone bomber, but the father whose son is briefly included in a number reporting collateral damage for the day.

    • pshakkottai Says:

      RE: What does any business do when they have more debt than revenue? They find ways to increase revenue and they trim the fat.

      The govt is not a business. It is a money creator.

      The household budget is:
      (1) (Income = expenses + savings), applies to businesses, individuals, states that are users of money in USA and, the Euro nations.
      The national budget of USA is different:
      (2) (Federal Deficits = Net Private Savings+ net imports), applies to USA and other nations that have their own currencies.

      Only federal deficits grow the national economy which means more spending and less taxes. And federal govt can deficit fund to its heart’s content. Japan does.

      Why is there such a furor over deficits?

      “Reducing the federal debt demands that federal spending be decreased and/or taxes be increased. The vast majority of federal spending benefits the not-rich more than the rich: Social Security, Medicare, Medicaid, aid to education, food stamps, disability care – all have far more meaning for the middle and lower classes. So cuts in federal spending, which reduce the federal deficit, widen the gap.
      Many taxes also hurt the less affluent: FICA, income taxes on Social Security benefits, tolls, sales taxes, all reduce the deficit and widen the gap.”
      says Mitchell in
      http://rodgermmitchell.wordpress.com/2012/06/25/how-you-can-help-close-the-gap/
      The gap is the income gap between the rich and poor. “The gap can be widened either by increasing the dollar holdings of the rich, and/or by decreasing the dollar holdings of the not-rich. Either approach will accomplish the same end.”
      He continues with
      “What can be done? Trying to educate the politicians and the media is hopeless. They already know. But, in essence, they have put their hands over their ears, and are yelling, “I CAN’T HEAR YOU..”
      I believe we must educate the public, directly.”

      In essence, mean-spiritedness is behind the deficit reduction hysteria! We can call it the will to vice. See “will to vice

      Power Is One Thing, Cruelty Another. Willing Them, Human All The Way. Something Civilization Cannot Ignore Anymore.”

      at https://patriceayme.wordpress.com/2012/01/23/will-to-vice/

      • Patrice Ayme Says:

        Dear Pshakkottai: I read your message and approve it all the way. Fiat Money (which the Eurozone has tried to forbid until Draghi dragged the idea back to the rescue) and deficits, as you said, to augment the economy while reducing taxes has always been the essence of dynamic states. Austerity has been a trick of the plutocracy. The (French, so far, but soon German and British, I hope and predict) socialists are getting even on augmenting their taxes heftily.

        A remark on businesses: when a business fails, from too much debt, it can go into what the USA calls “chapter 11”: keep on going, while restructuring. This is basically the case of Greece. Enemeies of Europe want greece to go into chapter 7 (liquidation)…
        PA

  2. Jo Says:

    Hi Patrice,

    You write: “Cutting which spending, and what does that mean? Ultimately, money is a signal of activity. What we need right now is more, not less, activity. And activity has to be well thought. The free market has proven unable to manage even its own speculation, so it should be put out of its misery. The strong hand of careful wisdom should now steer it, and start by noticing that “competitiveness”, ultimately, means war against people.”

    The economy is about getting stuff to people, getting matter to minds. History tells us that no other economic system can do this as well as an open free market economy. However you feel that the market is lacking citing its failure to manage “its own speculation” as your point and case and wish for an alternative: “A strong hand”.

    Could you, first of all, please elaborate on what you mean when referring to this “strong hand of careful wisdom should now steer it”. Where do we find such a hand ? Does the search involve a mythical journey around the Aegean ? Do we need to find us a philosopher king (I hear Mr. Khomeini was the greatest fan of Plato perhaps we should channel him)?

    I assume you realize that Germans wished for nothing more than a strong hand to steer (führen) them out of their economic malaise at one point. And they got it. It did exactly what you suggest: spent a lot of money, got a lot of people into work, built a lot of infrastructure and, yes, it is fair to say that it showed a lot of well planned activity. It was even anti-plutocratic to an extent only that it identified the plutocracy as “das internationale Finanzjudentum”. The problem with strong hands is that eventually they end up punching you in the face.

    Let’s come back to your call for putting the free market “out of its misery”. The irony here is that the parts of the global financial industry which are responsible for many of the current economic woes particulary in the US are anything but an essential part of a free market economy as they are almost totally disconnected from the basic task of the free market economy i.e. getting matter to minds. These elements deal with abstractions of abstraction with the n-th derivative of the n-th derivative of stuff in a fantasyland environment and have an essentially parasitic relationship with the stuff based market economy. I put it to you that your call for the abolishion of the host based on your observation of the behaviour of the parasite is a fallacy.

    You specifically question the ability of the free market to “manage its own speculation” i.e. getting rid of its parasite. Well I ask you, was it the free market or the strong (wise?) hand of the government who refused to let the financial institutions go bust in 2008 ? Was it the free market who decided Greece (read: German and French banks) is not to default but to be bailed out or was it the Eurogroup/ECB ? Also one could ask was it the free market that lead to the massive sup prime lending and speculation in the US or is the true responsibility with the US government and its ideologically driven (more people in houses – more consumption – more growth etc) intervention (setting up of Freddie and Fannie) into the market.

    No I’m not dumb enough to be a libertarian and i believe in the necessity of government intervention into market procedings particulary in light of the coming (present) resource crisis, which is basically a technology crisis, and in light of the habitat crisis (which will not and cannot be solved by technology aside from contraception, of course).

    It’s always a pleasure to read your blog, Patrice.

    Best wishes

    Jo

    • multumnonmulta Says:

      Jo, I recall I punctured some of your hot balloons in the past; are you still looking for the duct tape to patch them?

      Tell me of an instance of free market, other than the village market, the one Adam Smith theorized on. You’d do well to spend 1/2 day reading from Smith himself instead of echoing muezzin calls from the minarets of finance.

      Globalization as practiced has ruined lives and environment. Go tell those people in Indiana that globalization ate their job, and to be happy because somewhere there is a better silk worm. Yup, let’s retrain these guys. I suggest they all become neuro-surgeons, or iPod designers, or Fox News hosts, or …

      The idea is not to take globalization down, not possible and the price is too high even for an imperfect version of isolationism. The idea is to manage it as in, invented here, encourage to build here, sold there.

      The corporate tax fraud scheme has it that 1) US companies are incentivized to offshore production, and 2) entire armies of accountants work at shuffling profits around so that GE’s tax rate was less than 8% last year. BTW, I could never dream of that rate in my small business.

      So, if you don’t factor in the negative externalities of big business by regulating conduct, what’s their incentive to do so? Not enough, Jo.

      Before I forget, do you write from the US? You seem right about some aspects, but totally miss others.

      • Jo Says:

        Hi Multum,

        I’m using the term free market economy in contrast to the idea of a socialist planned economy, which Patrice seems to embrace to a degree in this essay. As i said I’m not a libertarian. Far from it. Without the government regulating the conduct of businesses and even individuals, a free market society will not be sustainable. However there is a huge difference between regulation and planning. Government planning (the so far unexplained “strong hand of careful wisdom”) seems only justified when usual market mechanics find their natural limit. And I mean “natural” quite literally. You are puncturing the wrong balloons. Btw. I did not comment on trade policy or globalization at all.

        • Patrice Ayme Says:

          Dear Jo: I think we all more or less agree. There is huge planning and extravagant help for specific economic actors in the USA. (For example the ultra low 17% tax on the 400 richest incomes.)

          That way, the situation does not really differ from Europe. However in Europe, the economic actors who are helped are different: the plutocrats are helped much less, something plutocrats hate about the likes of France and Germany.

          Ultimately, Stalinism, once Hitler was dispatched, was no success. There was over-plannification, and it was all too stupid (so far from “careful wisdom”). The present USA is a giant planified economy, including with plannified start-ups. Actually that plannification is in serious ethical breach, and that is the worst problem it causes.

          So it’s similar to Stalinism qualitatively, as an elite pulls the strings in the name of the many; but it’s not as bad, so the catastrophe is in slower motion.
          PA

    • Patrice Ayme Says:

      Dear Jo: Thanks for the compliments. I took a while to answer, as I was toughing it out in the mountains, out of Internet range. The remarks below are so extensive, maybe I will change it in a full essay, if I find the time.

      OK, I knew that this sentence on “the free market to be put out of its misery thanks to the strong hand of careful wisdom” was somewhat of a interpretation hazard, and I plead guilty by vague association, as convicted by you above. Indeed, it’s high time that the free market stop being the Golden Calf with all the leaders either prostrating themselves, Obama like, or imposing some new exploitative fakery in its name every day, and behaving as if it were the “coolest” thing, whatever cool means…

      I can be logically rigorous: I am a trained mathematician. However, strict tautologies do not go anywhere intelligent, and even mathematicians are not logical all the time (or they would do no mathematics, cynics would insinuate).

      Poetry has its place, or our minds would be all cramped up. The poetical method is a top intellectual method, may be THE top intellectual, most specifically human method (and is actually used by mathematicians of genius).

      The crucial notion with Plato or Hitler, or the European Central Bank, or Obama dissembling and Merkel and Sarko saving their bank(er)s, is the notion of “careful wisdom”. Definitively, careful wisdom cannot be established as Plato proposed, with a class of philosophers-kings-priests. Because even craziness, even poetry can contribute intelligently to wisdom, and any superior wisdom will be heralded that way.

      Besides taking himself for Rembrandt, Hitler thought he was a historian, and he was one in the sense that he knew a few facts, and he had his own interpretation of history. It is also true that he had personally some anti-plutocratic rage, and somehow he was manipulated by…plutocrats (Henry Ford) to believe only Jews could be plutocrats. It’s actually an interesting psychological phenomenon, because Hitler did not really believe that, as he hated the old Prussian aristocrats (many of whom used to be very rich, the old fashion way)… That’s why he hanged some from butchers’ hooks, after removing their pants’ belts (no humiliation was small enough).

      After the crushing defeat of 1918, from a war caused by a conspiracy and plot of plutocrats, Germany was full of anti-plutocratic rage. Both the Nazis and the plutocrats were crafty enough to harness it. Hitler himself deliberately used symbolic elements he boasted to have borrowed from Communists and Socialists. Hence the name he chose, National Socialist German Workers’ Party, Nationalsozialistische Deutsche Arbeiterpartei. There was a similar attempt in the USA at the time. We have a similar attempt now in the USA with the Tea Party and its ignorant pseudo leaders (Palin, Bachman, Cantor, etc.).

      So, in the end, what we have to strive at is careful wisdom, whatever that means.

      Another point is that there is no real free market. Anywhere. Never had, never will be. Ultimately it is always the government which decides what the free market will be. The market can be more or less free, but it is always corralled by law, steered by regulations. The law itself depends upon global morality and the civilization which organizes it.

      Example: Right now the government of the USA is doing its best to create a private space industry, and uses various means to do so, including enormous direct subsidies from NASA.

      Is that wise? I could argue that it is not. And that the present space policy of the USA is extremely confused and expensive. So much so, the Tea Party is noticing it, and moving for the kill. But then Obama can be blamed again, because he is the one who organized the mess (he seems to like messes, as his health plan demonstrates).

      The bottom line about wisdom is that it is obtained through debate. That’s the strength of democracy… and of the free market, a particular debate where people vote with money.

      An open, no holds barred debate with Hitler would have driven him to suicide. Indeed, Hitler was probably a Jew by his own definition… But of course he had given himself the right to decide who was “Aryan” or not, no doubt a very comfortable notion when he looked himself in the mirror. The Dodd daughter, daughter of the anti-Nazi USA ambassador, who was replaced by a pro-Nazi USA ambassador, pointed out that anti-degeneracy laws in Germany, on physiological evidence ought to apply to Goebbels first (and, I would add, Himmler, who I always thought resembled an attempt at a human-rat hybridization experiment)… Actually a Jewish girl had rejected Goebbels, and he had to marry Martha Goebbels, who was obviously an insane criminal.

      The financial-economic circus we have now is completely impudent. First, banking managers of the banks which require public help, ought to be systematically tried (administratively). Upon conviction, they ought to be dispossessed of their fortunes by the state(s). It’s a matter of justice and caution (because we do not want them rich and influential anymore).

      Second, to avoid interference of “Government Sachs”, international warrant of arrests ought to be issued by Europe against Goldman Sachs (for helping the Greek gov to cheat, or organizing this cheating).

      Third, of course, transparent pan-European governance ought to be reinforced. Banks which are under water ought to be put out of their misery, nationalized and sold back, as the 2,000 Saving and Loans under Reagan and Bush I. This ought to be done in the EU now. Merkel was right to insist on the banks paying a third of the last half baked effort…

      Wisdom is what is left when all other arguments have been exhausted.

      Clearly, when “democratic president” Obama proposes to the republicans to start the dismantlement of Medicare, it’s not wise, because he was not elected to do that. He was no more elected to do that than “national-socialist” Hitler was elected to kill ten million Germans, throw the rest into misery, ravage German civilization, and reduce the national territory considerably.
      Regards
      PA

  3. multumnonmulta Says:

    Jo, I cannot speak for Patrice, but I suspect something must have gotten mix-up in translation, for I have NEVER perceived his writing to side with socialist planning, whatever that’s supposed to mean.

    When I asked about your location, I did so also because, for example, many Europeans speak from “right” as it were, not understanding that the European right is left of the American “left.”

    The US is a fascinating place where an experiment started a bit over 200 years ago still goes on in premiere.

    My “problem” with Patrice is that, with one or two exceptions, we are in agreement–surely, I’m talking about his major points, for I don’t always follow his many inferences. My problem with the American readers of Patrice is that they do not seem to accept even for a moment his challenges.

    In other words, they want the American experiment to be over and enjoy the certainty of their mental constructions, unaware of all the ideological scaffolding, and restricted to a rather narrow point of view/ life experience.

    Since you’ve been so gracious to come back with a comment, let’s shed some light on that government planning piece, please. When the US government contracts out 1/2 of the federal budget for defense, you’d want to think there is some planning involved, wouldn’t you? Yup, there seems to be little planning as revealed even by internal audits showing redundant spending and all that. In other words, (how) can you spend +$700Bn a year without planning? Yes, it’s called wasting public money and opportunities to feed private interests. Again, I don’t want to speak for Patrice, but thought to unpack the planning (a) bit.

    • Patrice Ayme Says:

      Dear Multumnonmulta: Thanks for the help.

      The fact is, one way, or another, most of the American economy is planned. Even Silicon Valley, a subject I know well, is planned. For example specific Venture Capitalist favored by the government are behind some of “FREE” market successes, such as Google and Facebook. In both cases, it was all about Sequoia Capital pulling the strings. They wanted their own search engine, or social network, and they made it so. They are discreet, knowing that true power does not need to do the dancing girl, naked, below searchlights.

      This is the sort of people Obama goes visit in the Silicon Valley, and plots with. Similar plots with GE, and the like. The problem with all this is the dissemblance. Leading European countries also support their state of the art industries (EADS/Airbus; Arianespace/ESA; and countless companies). However there, it’s done above the table, and the pretense of the free market is not maintained… This forces more honesty: French car companies got loans, for example, but under the explicit condition of sticking around.

      General Electric is not bound that way: GE is a major manipulator. GE Capital was a major disaster. Still, the CEO Immel advises the president, as chief eco adviser. On what? How to milk the USA? It is the world in reverse!

      Since when does the beggar advises the chief? Giving the money of the People is not enough? One has to give respect too, not to say head? It blows one away…
      PA

  4. Jo Says:

    Hey Multum,

    Yes, a general scepticism of the funtionality of the free market system – instead of an analysation of how it is corrupted to serve the few – seems somewhat foreign to this blog and made me raise an eyebrow. Let’s see what Patrice has to say about this.

    Indeed, I’m from Germany and I’m aware of the semantic problems and ideological differences that become relevant in a cross continental discussion of these issues. For example, I’d consider Germany’s system a free market economy (the official ductus is “social market economy” implying that the state is supposed to foster “social balance” within a market economy) knowing full well that prominent “right” leaning politicians in the US and possibly even Democrats would call it socialist.

    There are no clear definitions (known to me) of terms like socialism, market economy, planned economy, mixed economy, (the one exception that comes to mind is the Marxist definition of socialism within the framework of historical materialism) or rather it is (as you point out via the example of military expenditures) very difficult to comprehensively and productively characterise an economy with these terms (,which I have not tried with regards to the US at any point).

  5. keith Says:

    Nothing from the whole bunch of you on Norway — is that so?

    Quite something to carry on as though something never happened, if you ask me.

    At lest no doubt Patrice will have something to say about such obviously absurd reports –even the NY Times used inverted commas on the word ‘facts’ in their internet headlines.

    So it will be interesting to hear what Mr. Aymes, in possession of such historical perspective and such a mind as his will or will not venture to unfold to us.

    • Patrice Ayme Says:

      dear Keith: I am very busy now, and I have a very bad Internet connection. The Norwegian story hits close from home in my case. Some European fascists whom I personally knew tried to kill me with a bomb, years ago. A gentleman jumped in front of me and the exploding device, and lost some limbs. The police inquiry was contrived to find nothing. This is one of these incidents which have made me skeptical of official inquiries.
      Here is what I sent to the NYT. They published it (whereas my analogy between Hitler’s methodology and Obama’s appparent proposal to dismantle Medicare was not published!) .
      ***
      Ideas are ideas, acts are acts. All ideas are fair in a debate, as long as the debate goes on. A debate, in a democracy can decide upon acts, when everybody agrees, roughly. Some of the multiculturalism is in violation of the republic (constitutional monarchies are disguised republics), and thus should not be tolerated. That has not been made clear enough.

      However, some French laws have now made SOME interpretations of Islam in explicit violation of the law (regarding circumcision, polygamy, face masks, etc. there are explicit punishments) France has by far the largest Muslim population in the EU (it’s more than twice that of the USA, in absolute numbers). And pretty much everybody in France agrees with this crack-down against anti-republican culture (that’s all what “multiculturalism often is). Thus both Muslims and right wingers have been calmer there.

      Ironically, I was myself bombed by some right wing Euro extremists I had talked to extensively… Thus demonstrating that acts speak louder than words.
      PA

  6. multumnonmulta Says:

    Hi Keith!

    For you and Patrice, here’s one you might have seen: http://multumnonmulta.blogspot.com/2011/07/oh-no-we-americans-are-not-socialist.html As you two wrote back, we don’t do Marx in the US. Not yet, or without knowing it could have been closer…

    As for the Norwegian symptom of western disease, I had: http://multumnonmulta.blogspot.com/2011/07/bush-left-us-pinata-of-our-times.html Not much, for the time being, but I’m almost done reading a history of fascism by an Italian (De Felice). Condemning that Norwegian guy won’t do it for long.

    Also, have you paid attention to the facts that if it’s terror it’s Muslim (and this message had been played in a whole range of media, from the US to Sweden), and that Scandinavian folk are saying that their officials sounded like they wanted their version of 9/11?

    • Patrice Ayme Says:

      Multumnonmulta: Right wing racial fascism has a very long history, long encouraged in Anglo-Germanic lands (I remember being horrified in Africa, in English speaking areas, when I discovered that two sets of toilets existed, depending if one were white or not…) The French empire was multi-etnic, and in its deadly fight against German fascism, many African troops were used, augmenting the German hatred to colored people. As early as WWI, Senegalese and Germans made no prisoners with each other.

      Nowadays, the swing has gone too far the other way. Multiculturalism is actually racism, as it says that a lower civilization is good enough for them…. The French republic, historically
      avoided that pitfall only partially, as it did not crack down on Islam as it did on Judeo-Christianism. A huge mistake.

      Interestingly, that mistake was avoided in Senegal, around WWI, and the Islam there is highly compatible with state of the art civilization (I know this place well, so that is why I know Nafi Diallo is a liar; She is an illiterate Muslim fanatic, that’s why she is illititerate, from the fanaticism of her family, although primary school is mandatory in Senegal, and she lived in the city of Ziguinchor, where there are plenty of schools).
      PA

  7. multumnonmulta Says:

    Keith, the more data trickle out the more confusing the whole picture is. Let’s hope the Norwegian investigators do a good job and let us know; for me, the more I look at it, the more questions come to mind. This is a big show, too big for any single guy, failing all logic tests. Yes, I somehow don’t buy the version of the crazy perpetrator. Too many things could have gone wrong for the criminal(s), yet it all worked out for them.

    Maybe I just need to make time in my schedule to read the Millennium Trilogy…

    • Patrice Ayme Says:

      multumnonmulta and others: speaking of conspiracy, my computers and mails are still under attack. Actually I was informed I could not even reset my passwords…. As I did not say fully, ironically, I was bombed by fascists, many years ago, in a country which shall stay nameless for now (but it was in Europe, hahaha). And the police inquiry was deliberately poorly done, namely the police tried to turn the tables on the victims (like how come they bombed YOU?) One of the reasons I was highly suspicious of the DSK thing (actually that was far from the only time when I surprised authority doing the opposite of what it is supposed to do… Namely helping the bad guys… I should make a list sometimes… It has been too painful to do so.).
      I have not been following the Norway attack in detail. I don’t see why one guy could not do it, alone. On the other hand, it is difficult for police to track small fascist groups (that’s how Hitler started his career, as a plant from the police!)
      PA

  8. keith Says:

    Maybe just save some time and read Larsson’s Wiki page and link to his Expo mag.

    Here’s something by Max Blumenthal (author of Republican Gommorrah) who draws in all sorts of threads:

    http://www.alternet.org/newsandviews/article/640055/why_anders_behring_breivik_cannot_be_dismissed_as_a_%22madman%22/#paragraph2

    In the comment section you might (or might not!) like the link to a Chris Hedges article on fundamentalism:

    http://www.truthdig.com/report/item/fundamentalism_kills_20110726/

    Yes, I caught those pages on your site mutumnonmulta! Developing quite a nice sense of irony there 🙂

    Just reading some of Gore Vidal’s essays where he connects the anti-terrorism laws which arose after McVeigh to the patriot acts in their various incarnations I, II, …

    If not for your very nice site I wouldn’t have taken him down off the shelf.

    • Patrice Ayme Says:

      Keith: Sorry to be slow, I was knocked off my mail system all day long (still is), plus your msg was blocked, by the automatic moderation system, somehow (although I had pre-authorized it, theoretically)…

      The Norway attack is a bit complicated, philosophically speaking: Norway, in 15 years, went from 1.5% foreign born to more than 11% foreign born (or very young children). That is too much of a shock.

      Actually I know very well a Norwegian born woman who lives in the USA, and intended to return to Norway, and is disgusted by the non integrated hordes of Muslims she had to swim within, she said, last time she went there. She is Norwegian for countless generations, but, having lived outside she had to do some administrative formalities with the government, and she was disgusted that non Norwegian Muslims had priority over her. I thought she exaggerated at the time, and was being racist. But she is a wonderfully kind person, so it did not fit.

      Now it seems clear to me that the immigration into Norway has been too brutal, and not integrated enough.
      Immigrate, but integrate!
      Immigration without integration is only disintegration of civilization.
      PA

  9. keith Says:

    Patrice,

    Please unsubscribe me from this site and its mailing lists.

    Thank you, Keith

    • Patrice Ayme Says:

      Keith: The least I can say, is that your comment is not illuminative. For whatever reason, most of my Internet system are down, as I have been so severely hacked, I have actually no more email. Attempts to rectify this, have resulted only in loss of time. So to talk to me about “this blog mailing lists” is not helpful.

      Anyway, in the following, I will just assume you are upset about what I wrote, not that some evil minds are writing mails to you on my behalf. That happened in the past with some other people. At this point I do not write personal emails to anyone. I am back to pigeon communications.

      It is to you to unsubscribe you, I cannot do it for you. I just don’t have the machinery to do so. Neither can I breathe on your behalf. Sorry about that.

      I assume that you somehow decided that, by relating some facts, I approved of other facts, such as the attack in Norway. I am familiar with this sort of reasoning by inuendo.

      In other words, you understand nothing to what I write. Of course I totally disagree with the attack in Norway. Yes, dis-agree, like in agreeing NOT. I disagree, not just in theory, but it reminds me of very bad personal events, as I was myself attacked by fascist European youth with lethal force, twice. And the first time involved a bomb. so I was the victim of a Norway style attack, and to tell me that I like them infuriates me.

      Blaming victims because they talked about it is the oldest trick of the vicious.Identifying message and victim, because, well, they both happened, and are, somewhat, logically connected, is typical of antiphilosophy. I don’t subscribe to that, and please try to unsubscribe yourself too.

      Interestingly, I favor the metaprinciple of communication, trying to find something good in the other’s point of view, and learning to agree to disagree. This is exactly what failed when I talked to these (mostly French) young fascists. I had some calm exchanges, rational with them, and their apparent conclusion was that my ethics of communication and my ideas were spoiling their fun at just being violent, so they prepared a home made bomb, unbelievably. The police, too, did not search too hard, afterwards (factors I am sure play a role in Norway).

      Already Multumnonmulta assumed that I was friendly to Sarkozy. I am not, and I disagree first with his anti-immigration policy which I find unwise, because it is way too restrictive, and it personally injures me. I hate going to France, and find my family in an illegal situation, which has been the case, and would be the case now, if I went there; so I am a personal victim of Sarkozy, as my family cannot be reunited.

      It is all the more injurious and insulting for reasons I will not expose here at this point, since I perceive hostility. Sarkozy’s father was an immigrant to France, from Hungary. He apparently wants to demonstrate that he is more French than people who can trace their history for more than a millennium in France.

      To have people assure me that I agree with those who oppress me, joins insult to injury. By the way, although I paid colossal taxes to France in the past, I am not covered by French health insurance when I go there, either, and had to pay every single euro for my daughter’s birth, and extensive hospital stay for complication. The medical care was superb, but some Africans, and other aliens, profited from the same services without paying a dime (unbelievably too, as the immigration question is in great confusion; basically French nationals have to respect the law, whereas foreigners do not, and humanitarian considerations are extended to them, considerations French nationals are deprived of!)

      Health care: another policy of Sarkozy I will have no doubt the non-genuinely friendly will assure me that I approve of. With friends like that, who needs to be dragged in the mud?

      As I said, or alluded to several times, law abiding nationals are treated less well than total aliens. You can try it. Any American woman can go to France, and get through a FREE prenatal, birth and postnatal process, and it will not cost her a dime. And that would be the end of it. A French national will have to pay every single dime, if coming from overseas, which was my case.

      Of course, Americans are ignorant of this possibility. But many others are are not, and sneak into France. Another thing, by the way, is that I am sort of an expert on Islam, having grown up under three different Islamic variants of the religion. Some are incompatible with democracy, and those denying this are just incomprehending intellectual fascist of the dishonest, ignorant kind.

      Enough said. If I said more, I am afraid I will follow your own steps, and stop being polite.To misunderstand people too much is an act of violence. I don’t need to have people going around, painting my ideas as the exact opposite of what they are. Experiences in various countries I lived in, show that I the best way to jail.If someone like you, who wrote many comments on this blog, then turns around and insinuate that I am a racist bomb friendly fascist, in other words, the exact opposite of what I am, and something quite against the law, by the way, well, you are more than useless, you are dangerous, because you are a potential hostile witness of something you think you read here, although I wrote the exact opposite.
      PA

  10. To Save The World, Please Default! « Some of Patrice Ayme’s Thoughts Says:

    […] The Greater Depression keeps unfolding, propelled by deliberate stupidity from the best leadership plutocracy could buy. In […]

  11. Outrage Dictionary « Some of Patrice Ayme’s Thoughts Says:

    […] of the 1930s are present today, but others, even more drastic ones, have appeared. Thus this is a Greater Depression, and not a “Great Recession” as well compensated half wits have soothingly called […]

  12. Societies Pack Thought As A Weapon « Some of Patrice Ayme’s Thoughts Says:

    […] times: they have become moving targets! Now Krugman is starting to follow my semantics of “Greater Depression“, as he recognizes that “It’s time to start calling the current situation what it is: […]

  13. ramadan 2012 Says:

    celebrate Ramadan 2012…

    […]Greater Depression « Some of Patrice Ayme’s Thoughts[…]…

  14. Decapitate Plutocracy « Some of Patrice Ayme’s Thoughts Says:

    […] cause of the Greater Depression is economic inequality, which has risen to the level of the late 1920s. Economic inequality, in […]

  15. Why Austerity? « Some of Patrice Ayme’s Thoughts Says:

    […] very far right of Reagan (especially considering that the economy is now in a grave depression, the Greater Depression, not just a Federal reserve engineered recession, as it was under […]

  16. Independence From What? « Some of Patrice Ayme’s Thoughts Says:

    […] How bad is it? Very bad. We are experiencing a Greater Depression. Only appearances are doing better than in the 1930s, but some of the most important statistics are worse. See: Greater Depression. […]

  17. pshakkottai Says:

    Answer to Jo regarding “: Could you, first of all, please elaborate on what you mean when referring to this “strong hand of careful wisdom should now steer it”. Where do we find such a hand? Does the search involve a mythical journey around the Aegean ? Do we need to find us a philosopher king (I hear Mr. Khomeini was the greatest fan of Plato perhaps we should channel him)?

    My suggestion is this. The civil servant can be a “strong hand of careful wisdom”. The framework is where the wisdom resides. I give this using the example of India with a better constitution.
    India has a better government with “socialism” and “fraternity” added and “pursuit of happiness” deleted. I copy the preamble from the wiki:
    WE, THE PEOPLE OF INDIA, having solemnly resolved to constitute India into a SOVEREIGN SOCIALIST SECULAR DEMOCRATIC REPUBLIC and to secure to all its citizens:
    JUSTICE, social, economic and political;
    LIBERTY of thought, expression, belief, faith and worship;
    EQUALITY of status and of opportunity;
    and to promote among them all
    FRATERNITY assuring the dignity of the individual and the unity and integrity of the Nation;
    IN OUR CONSTITUENT ASSEMBLY this twenty-sixth day of November, 1949, do HEREBY ADOPT, ENACT AND GIVE TO OURSELVES THIS CONSTITUTION.
    http://en.wikipedia.org/w/index.php?title=File:Preamble_to_Constitution_of_India.pdf&page=1
    India supports the commons well, low taxes to the agriculture sector, free university education, rural employment for infrastructure development, funding for science and technology development etc. Its banking is mostly government owned and operated by well qualified civil servants (from the Indian Administrative Service) and the plutocracy is kept away. The treasury and fed are combined into a central bank and money creation is not restricted by “debt limits”. It offers T bills for sale but is not required to do so. It is left to the banking department.

    There are more parties. In general, coalitions govern better than a two party bought-and- paid- for government as in USA. The idea “government is your enemy” will never fly in India.
    The wealth inequality in India is similar to that of Canada and Australia. Of course India is much poorer than western democracies but is doing the right things for the future of the country.
    I wonder what Patrice thinks about this.

    • Patrice Ayme Says:

      Dear Pshakkottai: Patrice thinks that Patrice loves India. That’s a beautiful, thorough Constitution. “The pursuit of happiness” is a funny expression lifted from Aristutle. Patrice believes strongly that happiness should be captured, not jus chased.

      I also believe that great unhappiness results from having been captured by banks (more the case In the West than in, say, China!).

      Patrice also thinks that it will be hard to have peace on the subcontinent as long as Pakistan is a fundamentally superstitious theocracy. Patrice could keep on doing like that, and speak of himself as a third party, the way Caesar used to do. And the way the billionaire philosopher BH Levy (“BHL”) does it.

      Let’s revert to the first person for now.

      I strongly support what India has been trying to do: material progress, within democracy. The only thing that worries me, besides the crazies in the general direction of Pakistan, if not Beijing, is the Marxist or Maoist rebellion in a lot of the country. OK, I am a rebel myself, and admitedly more extreme, at least on banks, than Marx himself, so this my worry may sound a bit strange.
      However that rebellion is the indication of a deep anti-plutocratic malaise, even in India. This said, though, in a country such as France there are pseudo left wing fanatics, too, for example many pseudo ecologists… So a rebellions can mean less than they appear to. Also supposedly Rare Earths are been grabbed, and that’s what feeds the rebellion…

      I do think that China will not be able to keep a serious pace of modernization without Internet freedom, a problem that the USSR already met. Because the Internet is going to swallow in its bosom, all knowledge, and all research, and results, hopefully as an open access.

      India is doing things very well there. The Indian Thorium program is great, and so on.
      PA

    • Patrice Ayme Says:

      Pshakkottai: we should move (copy and paste) your comment on the Indian conxtitution and the civil service from “Greater Depression” to the present comment thread on “Independence from what?”. It’s totally pertinent, and this way others will see it better!
      PA

  18. WWII Details Worth Examining « Some of Patrice Ayme’s Thoughts Says:

    […] Greater Depression the world is presently facing is, deep down, a worse situation that the 1930s. In the 1930s, great […]

  19. Happy Banking Barack! « Some of Patrice Ayme’s Thoughts Says:

    […] IS IN A GREATER DEPRESSION, BUT NOT ITS […]

  20. Ionian Islands Says:

    Hi, I think that I saw you visited my site, thus I am “returning the favor”. I am attempting to find things to enhance my web site!I suppose its OK to use a few of your ideas!!

  21. Ideas For Democrats « Some of Patrice Ayme’s Thoughts Says:

    […] I have long pointed out, some of the numbers quantifying the economy are worse than in the 1930s. Not too many people point […]

  22. Elite Censorship | Some of Patrice Ayme's Thoughts Says:

    […] Main Stream Media knows this all too well. Distortion of data is why the clear and present “Greater Depression” is turning into something worse than the “Great Depression” of the […]

  23. Raid Treasure Islands, Finally? | Some of Patrice Ayme's Thoughts Says:

    […] The plutocrats, plutophiles, and hired guns who dominate the planet have brought a Greater Depression. A punier crisis in the 1930s brought political fascism all over. To avoid a repeat, representative […]

  24. GMax Says:

    So why are liberal economists denying this is the big enchilada, a Greater Depression? Are they paid to do so? Do they belong to the system too much?

    • Patrice Ayme Says:

      Well, dear Gmax, I have made plenty clear they have a huge conflict of interest. So do all rich government officials. The french minister of budget had to resing last week because of a possible account in Singapore (he is a rich surgeon). Throughout the Obama administration officials are immersed in conflicts. take Susan Rice. She is prominent in foreign affair, and with full cabinet rank, so is the XL pipeline, in which, as a smart civil “servant” Susan has personally invested millions. In France, she would be thrown out of the government within an hour, and an inquiry started…

      To come back to the academics… As I said in my latest essay (end March 2013), Krugman is repeating idea for idea, some text found in greek plutocratic publications, 2 years ago (I gave a link to Capital.gr…) All this is transparent…
      PA

  25. Raid Treasure Islands, Finally? | Patrice Ayme Says:

    […] The plutocrats, plutophiles, and hired guns who dominate the planet have brought a Greater Depression. A punier crisis in the 1930s brought political fascism all over. To avoid a repeat, representative […]

  26. No Euro Crisis, No Debt Crisis. | Some of Patrice Ayme's Thoughts Says:

    […] cause of the present Greater Depression has been stumbled upon, and real remedies have started to be applied. (For the first time in this […]

  27. Banksters Saved, Jobs Lost | Some of Patrice Ayme's Thoughts Says:

    […] as it was at the bottom of the deepest Volcker recession (the worse between GD30 and the present Greater Depression 2008). And we are plunging deeper. Much deeper, trust […]

  28. Indebted To Lies Plutocracy Is | Some of Patrice Ayme's Thoughts Says:

    […] excel…lent?) depression not just a lesser one; soon he will have to call the unfolding disaster a Greater Depression, just as I […]

  29. Economic Tech Wreck | Some of Patrice Ayme's Thoughts Says:

    […] Well, sort of, but not really. True, the USA population had filled up to the rim in subprime mortgages, and could not afford anymore. True, the USA population ignore both mathematics norand the fact that big bankers can conspire, big time (in jacking up interest rates after mortgages had been acquired: ARMs; or through securitization; or by hyper leveraging themselves against all of society through financial derivatives). Result? A Great Depression, probably the greatest of them all. […]

  30. Free To Abuse Some More | Some of Patrice Ayme's Thoughts Says:

    […] https://patriceayme.wordpress.com/2011/07/23/greater-depression/ […]

  31. Central Banking | Some of Patrice Ayme's Thoughts Says:

    […] Greater Depression started in 2007-2008 has been triggered by a crisis of banking caused by the unsupervised power of […]

  32. USA: Den Of Thieves? | Some of Patrice Ayme's Thoughts Says:

    […] courageously died on the battlefield… Civilization was saved, but is again encountering problems, actually the greatest ever. Yes, ever. Never was the biosphere in question […]

  33. Patrice Ayme Says:

    [Self Comment Nov 17, 2013, after Krugman lavishly quoted Larry Summers, in a favorable light, about a “permanent slump”]

    It’s unsurprising to have Mr. Summers, one of the architect of the disaster, advocating one of his working techniques, bubbles.

    The permanent deficits in the leading countries of the West are caused by the plutocracy, the same exact phenomenon happened in Rome, until Italy became an empty shell, and for the same exact (political) reasons.

    Plus you can’t have an economy when the.1% owns or controls not just the country and its political process, but the world. Serfs stagante in all ways, and so does the socio-economy with them.

    To the usual plutotocratic apocalypse, that happens every few centuries, is grafted an unprecedented ecological crisis. So this is a Greater Depression.
    PA

  34. Worse Than The 1930s | Some of Patrice Ayme's Thoughts Says:

    […] I have long argued we are in a Greater Depression. See https://patriceayme.wordpress.com/2011/07/23/greater-depression/ […]

  35. Macron, Bankster, Executioner | Patrice Ayme's Thoughts Says:

    […] sliding into a Japanese-style deflationary trap.” That has long been clear, as I pointed out in GREATER DEPRESSION, more than three years […]

  36. Elite Censorship - NewsCream Says:

    […] hand. Main Stream Media knows this all too well. Distortion of data is why the clear and present “Greater Depression” is turning into something worse than the “Great Depression” of the […]

  37. Economic Tech Wreck - NewsCream Says:

    […] Well, sort of, but not really. True, the USA population had filled up to the rim in subprime mortgages, and could not afford anymore. True, the USA population ignore both mathematics and the fact that big bankers can conspire, big time (in jacking up interest rates after mortgages had been acquired: ARMs; or through securitization, selling lies to the unawares; or by hyper leveraging themselves against all of society through financial derivatives). Result? A Great Depression, probably the greatest of them all. […]

  38. Free To Abuse Some More - NewsCream Says:

    […] https://patriceayme.wordpress.com/2011/07/23/greater-depression/ […]

What do you think? Please join the debate! The simplest questions are often the deepest!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: