Posts Tagged ‘Bankers’

Why To Kill God: Because Deicide Will Help Limit Wealth Absolutely

January 28, 2019

Humanity, the genus Homo, did well for 5 million years without God. Finding food, water, and surviving were good enough deities to get the genus Homo’s psychology by.

But now we have individuals going around, proclaiming the absurdity of life (Camus and his ilk)… To find meaning, they need lions to show up, so they can think upright, and they don’t know it. They have become like sheep, as Christian propaganda insisted their were… whereas lions ran away from their distant ancestors. Running after lions was all the religion our ancestors needed, when they showed up.

If humanity is so ferocious, and self reliant, why would humanity have ever needed gods? Men were the gods.

Who needs gods? The difference is civilization, and, more precisely, its military aspect and the cancerous growth known as plutocracy.

When one is a tyrant, the last thing one needs is to have as subjects, men who believe they are gods… And this is true for bankers, today’s real gods, and they hide their malevolence behind their arrogant deluded little boys: Clinton, Major, Bliar Blair, Bush, Obama, Trump, Macron… And they half demented girls: Thatcher, Merkel, May…

Catholicism was invented and imposed by emperor (“Saint”) Constantine, and his tyrannical successors (in Arabic: caliphs). In turn, Catholicism was the proximal cause of the military collapse of the Roman state, without any question. Islam was a bellicose ideology of Muhammad which enabled him to seize Arabia. Muhammad’s two immediate successors, companions and accomplices, Abu Bakr and Umar were immediately capable of building a gigantic empire, thanks to that immensely ferocious religion. They crushed the Persian and Roman empires, in a few years. Believers in Islam believe they sit with god after death, if they fight for Islam, or Muhammad.

Don’t think it’s over: watch Indonesia, where Islam is creeping back everyday some more (the president there suggested recently to release the mastermind of Islamist terror there…)

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Our ancestors at work: no need for Gods to chase cats. The story there is that the cheetahs were hunting impalas next to a dam. Jackals gave the alert, and baboons decided to encircle and then suddenly charge the cheetahs, to remove them from the premises…Baboons will act that way, even against lions. Our ancestors were expert at that, even 20 million years ago. I have met chimpanzees in lion territory with very few very small trees around, and they tried to frighten me (differently from the lions, who just went away).

Catholicism profited Roman Catholic plutocracy:

Those who think Catholicism didn’t bring the collapse of the Roman state should know the major facts (they don’t). It did, 100% (although the cause of Roman Catholicism itself was Roman military fascism, itself a consequence of plain old Roman financial fascism… for contemporary banks, see below).

In particular Roman Catholicism was proximally causal in the fall of the empire, when the Occidental part of the empire was led by Frankish generalissimo Arbogast. Arbogast had long been emperor in all but name. His Frankish nature prevented him (at the time) to be elected to the Purple. The emperor Theodosius had established terror decrees against “heretics” since 380 CE. Those led to the devastation of the empire’s intelligence, culture, libraries, books, spirits, and intellectuals… Let alone the Jews and whoever Theodosius wanted killed.

Arbogast tried to reestablish religious plurality, and civilizational sanity. So the Catholic fanatic, emperor Theodosius of the Oriental part, went to war. The mostly Frankish Roman army of the West got, barely, killed by Theodosius, thanks to a hurricane and the Goths, at the battle of the Frigidus river, September 5-6, 394 CE.

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No More Western Roman Army… So Back to More Savage Franks:

Result? After Arbogast’s soldiers got killed at Frigidus, so was the Roman army in the West (although Germans were constantly attacking the Roman Germanias). Theodosius, sole emperor, died in 395 CE. Within six years, the government of bishops which by then led Rome, called onto (much less Romanized) Franks to protect the provinces of Gallia and the two Germanias; but in 406 CE, 12 years after the disaster at the Frigidus, Germanic nations broke through the Frankish curtain, and invaded the Western empire. In particular, the Vandals invaded all the way to Africa, et present day Tunisia. There they established a maritime empire, and blocked grain supplies to the gigantic city of Rome, and most of Italy. Rome fell to the Goths in 410 CE. Actually the king of the Goths, Aleric, had commanded the Gothic forces fighting the Romanized Franks at Frigidus. Small world: the eternal return of the same, just as bankers nowadays.

The government of bishops viewed those who were not fanatically Catholic, and obedient as heretics to be destroyed. They didn’t just destroy independent individuals, but the entire Republican organization, by destroying culture, libraries, books full of (non-Catholic) wisdom. The destruction, by torture, of individuals such as Hypatia and major libraries, such as the one in Alexandria are examples of this situation.

Less well known, is that the bishops forbade the death penalty. Thus highways were thereafter paralyzed by bandits: incarceration, besides slavery, was not possible in antiquity. Also plutocratic families (which often had a bishop) couldn’t be forced to pay taxes.

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Catholicism and Islam were most profitable to the leaders claiming to “believe” in them during the Middle Ages:

Catholicism brought the collapse of the Roman empire in the West. The Franks, in the late Fifth Century, took over completely, and  reestablished the situation by reimposing a modicum of tolerance, and then a lot of innovations. And, first of all, mandatory secular education between the Sixth and Eighth centuries (generally uniquely attributed to Charlemagne, erroneously, as the fighting against the Papacy was during the Sixth Century). This Frankish spirit of overture and advancing civilization was weaponized to conquer Europe. Main events: elimination of the Goths, 507 CE, final colonization and domestication of the Saxons by Charlemagne in a 30 year war, 800 CE; reconquest of Britain and Southern Italy, Sicily, late Eleventh Century.

However, the conjugation of grievous Frankish civil war (Battle/massacre of Fontenoy) contemporaneous with multiple simultaneous deep invasions by Viking, Avars and Muslims, brought a disintegration of the empire. It’s not that the empire collapsed like the Assyrians in 614 BCE, or Nazi Germany in 1945. Instead, West Francia, exasperated by the military inefficiency of the empire, broke away from the rest, and then exploded in turn into around 60 states of diverse natures, through militaristic localization, also known as the Feudal Order.

Great lords of the Eleventh Century were plutocrats who would have been without justification for except the violence of their military feats… if not for the heavenly justification of violence by the Bible. Hence Bible god came back: a resurgence of terroristic, mysogynistic and pedophiliac Catholicism, starting around 1026 CE (when an entire religious establishment of a French city was burned alive by the Papacy… Crusades followed, two generations later…).  

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So “god” provided the metaphysical backup for degenerating Roman plutocracy and the Feudal Order. What about more modern times? Why were Americans so Christian “god” obsessed?

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God provided solace after giving reasons to eliminate the Natives:

The Bible is full of holocausts ordered by god, and king David is punished most horribly for refusing to destroy a nation: his son is tortured to death by god, over a week.

Hence, when the “Pilgrims” got to the New World, they extolled the riches of America (relative to Europe) to their kind left in Europe, urging them to come… And space the Pilgrims made by killing, enslaving and scalping the Natives: it was the Bible all over again: grabbing the “Promised Land”, by extermination of the preceding inhabitants…  

God enabled to do what Constantine or Muhammad, and their successors did with it; kill one’s opponents, because god ordered it. Falling asleep while the bankers make deals with Hitler, Franco, and their ilk? Indeed! Once one has eliminated the Natives (as was done in the Americas and Australia), what is left of the need for god? Acquiring the mentalities of lambs!

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God as Daddy or Mummy for baby lambs:

For modern Americans God became just a guarantee of perpetual infancy. The god-thing obsession? If we please a superior being, we will do better, s/he will take care of us. In other words, babyhood, all over again.

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Attali to the Rescue:

Before the US Revolution, many Americans believed in a much more natural form of divinity. It turns out that, when a deity dictate what is right and wrong, it’s actually “The Man” who decides what is right or wrong.

Now we have a more serious situation than pleasing The Man.

In particular, bankers are in command of the planet: Clinton, and then Obama made sure of it. Their rewards were colossal, and much appreciated by their tiny mind.

However, the times for gravitas has come. Jacques Attali, who is in very good position to know about bankers (he headed a totally major European bank, among many high level positions he had), warns us that a financial calamity, just like the preceding one, is around the corner.

See:

Democratic Illusion and Capitalist Cynicism

(I will write an essay on it, if I find the time…)

***

Attali says the bankers are back to industrial sized evil, worse than 2008. Why are the bankers back to their nefarious ways?

In part because Obama would finish all his discourses, certifying, like G. W. Bush, or Clinton, that “God bless America”. So the US lambs were satisfied, and have been bleating contently ever since. Their bankers’ boy, Obama, was excellent, as the color of his skin testified, they said, with characteristic, we-believe-in-bible-god psychology.

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LIMIT WEALTH ABSOLUTELY: Elizabeth WARREN To The rescue:

(Ex-Harvard law professor) Senator Elizabeth Warren is running for president. To my surprised amazement, she rolled out her financial program last week: she proposes enormous taxes on the super wealthy. 2% of wealth above 50 millions, and even more, higher up.

Senator Warren’s wealth tax would be the way I would implement limiting wealth absolutely.

https://patriceayme.wordpress.com/2014/05/31/limit-wealth-absolutely/

https://patriceayme.wordpress.com/2018/12/28/limit-wealth-absolutely-ii-great-wealth-steers-elite-leadership-referendums-to-fix-it-all/

Let’s keep our cynical fingers crossed that Warren’s wealth tax is not just a trick to keep Sanders from running again…  (She used to be way milder, nearly timid…)

In France, Rothschild merger and acquisition banker Macron, another boy president, ignorant of all, but for manipulating the lambs, removed the wealth tax (the yellow jackets want it reinstated). That particular wealth tax was too restrictive, I say. But Macron said the wealthy French would then flee to other countries… like the USA. Well, with Warren as president that would be easily fixed…

The USA taxes worldwide already: so wealthy US citizens won’t be able to escape (all the more as the French Republic is also learning from US ways and means…)

And for that change of taxation, what do we need? We need for US citizens to realize they have been kept in infancy by their increasing plutocracy (“In God We Trust”, borrowed from the Nazi army, was installed in US minds by the US Congress only in 1954…)

For Americans to graduate from infancy, they need to reject “god” and go back to their revolutionary roots… which were decidedly secular, we have that secularism in writing, from the most official documents by the US Founding Fathers… Philosophical infancy was nice, but it’s all over, the lions of fate are onto us now.

Amen.

Patrice Ayme

 

Plutocracy: I Lie, Therefore I Am

March 14, 2015

Submission To High Finance From Propaganda To Corruption, USA To EU:

IN EUROPE, OR ELSEWHERE. WHAT IS IT TO BE PROGRESSIVE, OR ON THE LEFT?

The debate about what is progress has been going since before Marx was a toddler. Actually, one can go back to Voltaire, and even all the way back to philosopher Abelard fighting Saint Bernard (Twelfth Century).

Abelard believed in debate (“Sic et Non”). Whereas Saint Bernard was all about having explained the world, all by himself, by following the herd, just as the average Christian gnu. Bernard, one of history’s greatest criminals, and thus, a “Saint, said, with revealing madness: ”I believe though I do not comprehend, and I hold by faith what I cannot grasp with the mind.”

Nowadays, many emulate Bernard, holding by faith that what they call the “free market” is the way to whatever they believe we are going to. In the “Free Market”, which is neither free, nor a market, banksters are free to enslave Peoples with as much interest as catches their fancy:

Unemployment Reached Nearly 30% in Greece, To Serve Better Banksters & Their Obsequious Servants

Unemployment Reached Nearly 30% in Greece, To Serve Better Banksters & Their Obsequious Servants

[Well above 50% of the total Greek debt is interest. The graph shall be produced another day! Greece has been ravaged by plutocracy, but is starting to resist.]

My answer is the simplest, to guide those who want a better, or just survivable world: You want progress, go with the truth. And truth is always from debate. That is what should guide the “left”, or whatever they want to call themselves.

Want some simple truths?

***

WHY CLIMATE CRIMINALS ARE RICH:

Vanuatu was just lashed by a grade 5, maximum force hurricane. Those used to be very rare. But heat is energy, so more heat, more energy.

A truth that is simple: California is experiencing the greatest drought in millennia. This is directly related, in my learned opinion, to the general accelerated upwelling observed along such coasts, at such latitudes, worldwide.

Thus the unfolding California disaster (expect striking restrictions within weeks), is part of a much more general catastrophe.

Ironically, California, as the epicenter of USA propaganda, is punished by its own instruments.

This ecological disaster wisdom is percolating down. “70% of the unfolding catastrophes experienced today are caused by the climate change.” Just said in Japan, Laurent Fabius, the extremely experienced French Foreign Minister (an ex-Prime Minister).

His USA homologue, John Kerry warned: “future generations will not and should not forgive those who ignore this moment, no matter their reasoning… It is time, my friends, for people to do real cost accounting,” Kerry said. “The bottom line is that we can’t only factor in the price of immediate energy needs. We have to include the long-term cost of carbon pollution. We have to factor in the cost of survival. And if we do, we will find that pursuing clean energy now is far more affordable than paying for the consequences of climate change later.”

Survival is the concept I have been using for years.

When the greenhouse crisis will strike in full, BILLIONS will die. It’s not just a question of acidic seas rising. One thing will lead to another. Giant wars will erupt as ecological systems collapse.

The attack on Crimea by Putin was fully part of it: Crimea controls half of the Black Sea potential oil fields (and exploration was set to start; now it has been blocked by Western law; companies such as Chevron are blocked; corrupt and backward Russia does not have the tech). Ukraine also has potential vast reserve of Shale Oil and Gas.

One should speak of climate derangement caused by the CO2 CRISIS…

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PAY SCIENTISTS WELL, THEY WILL SAY AS PLUTO WANTS:

It turns out that some Climate Skeptics” were paid by the fossil fuel industries. All the way to the usual suspect, Harvard University. Cash for claims, that is the faith of academics who grew up in plutocratic universities (I have spent two decades in them, I should have seen many things; I did).

Says the New York Times: “For years, politicians wanting to block legislation on climate change have bolstered their arguments by pointing to the work of a handful of scientists who claim that greenhouse gases pose little risk to humanity.”

The New York Times then details the case of a Harvard-Heritage Foundation, Asian looking (that seems more serious), prostitute, who got at least 1.2 million dollars below the table to say absurdities about CO2.

“Historians and sociologists of science say that since the tobacco wars of the 1960s, corporations trying to block legislation that hurts their interests have employed a strategy of creating the appearance of scientific doubt, usually with the help of ostensibly independent researchers who accept industry funding.

Fossil-fuel interests have followed this approach for years, but the mechanics of their activities remained largely hidden.

[By the way, the recent revelation are coming, through Greenpeace, thanks to Freedom of Information Act, which acts only on government agencies, in this case the Smithsonian Institution; lying, private, plutocratic universities are not forced to reveal the corruption; and also: why did the Obama administration revealed it by itself?]

“The whole doubt-mongering strategy relies on creating the impression of scientific debate,” said Naomi Oreskes, a historian of science at Harvard University…”

The god debate in the USA is the mother of all plutocratically founded brain washing: thousands of extremely rich people in the USA work for god, and are paid by taxpayers.

Plutocrats love god, because god works for them.

As Jesus will save all Americans, Americans should just lay nailed to the cross, as plutocrats walk all over them, and just thank them for giving us a hard time, easing our way closer to you, my lord (of Wall Street).

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SWEDISH CIA WHORES CHANGING SONGS:

So Sweden, who told us that it was “illegal” to go interview Julian Assange for hard-to-believe sex charges, is changing its mind. Now that plutocrats have spent already 20 million dollars keeping him caged because he looked at a Swedish CIA woman funny.

After 1,000 days of detention in the Ecuadoran embassy, Julian Assange will be interviewed by Swedish prosecutors inside the embassy (for having sex in a non-Swedish way).

British plutocracy has spent more than 10 million pounds watching Assange. Yes, more than 18 million dollars.

Money in the pursuit of plutocracy has no limits. This, from a government which introduced PAY TO PLAY, all over Britain, including education.

It is widely expected that, as Sweden is a stooge for the USA, Assange would be deported to the Guantanamo Archipelago, to see his human rights trampled into nothingness. Nothing personal, it’s all about terrorizing Americans.

Sweden’s Minister of Justice, Bodström

Two women admitted to consensual sexual relations with Assange, but then asked him, they said, to stop what they had agreed to, and that he did not. After this sort of interrupted coitus interruptus, one woman lauded Assange on the Internet, and to the next future victim, who proceed immediately to be equally victimized, upon apparent recommendation of the first.

It turned out that one of the accusers of Assange provided the CIA torture program called “rendition” with victims. So Sweden’s Minister of Justice, Bodström tortures, and that is OK. (That was obvious all along, as he tortured Assange for all to see.)

Assange’s biggest crime? Publishing a video showing Americans pilots gunning down journalists, and then those who tried to rescue them. The Pentagon immediately claimed that WikiLeaks was a “security threat”.

It obviously said something about the USA, namely that the behavior of police in Ferguson is something that the USA finds so natural (shoot first, check later) that it is anti-American to reveal it.

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HAVE THE COURAGE TO CALL POLITICIANS CORRUPT CRIMINALS:

Matthew Yglesias repeated like a parrot what I have said for many years: small-country, and even medium-countries (Sarkozy, Brown, Blair, Monti, Schroeder), or large-countries (Clinton) politicians generally have personal incentives to go along with troika, or plutocratic demands even if they are against their nation’s interests:

“Normally you would think that a national prime minister’s best option is to try to do the stuff that’s likely to get him re-elected. No matter how bleak the outlook, this is your dominant strategy. But in the era of globalization and EU-ification, I think the leaders of small countries are actually in a somewhat different situation. If you leave office held in high esteem by the Davos set, there are any number of European Commission or IMF or whatnot gigs that you might be eligible for even if you’re absolutely despised by your fellow countrymen. Indeed, in some ways being absolutely despised would be a plus. The ultimate demonstration of solidarity to the “international community” would be to do what the international community wants even in the face of massive resistance from your domestic political constituency.”

But a genuine government of the left would be very different. And this is what we have got in Greece right now with Syriza. — not because its policy ideas are wild and crazy, which they aren’t, but because its officials are never going to be held in high esteem, and great gratitude by the Davos, private jet set. Alexis Tsipras is not going to be on bank boards of directors, president of the BIS, or, probably, an EU commissioner. Neither he, nor Finance Minister Varoufakis even like to wear ties, and they have announced they won’t wear any as long as the Greek debt crisis goes on.

Yglesias’ cogent remarks are nothing new, I have been writing about them for more than a decade. OK, Yglesias is part of the establishment of sorts, he has high visibility, he went the plutocratic university par excellence, Harvard, studying philosophy, so he is supposed to be taken seriously (Krugman refers to him continuously, while censoring my declarations saying the same for years).

All right, so that leaders of small countries betray their countries to foster their careers, is not new, indeed. Draghi, for example is a pure product of AMERICAN plutocracy (PhD MIT, jobs at prestigious American Think (Sink?) Tanks, Goldman Sachs, etc.). So how come this pure pluto made in USA is one of the leaders of Europe? Because European plutocracy is the poodle of American plutocracy.

Not that I do not like Draghi. He is better than his Prussian alternatives. That was just an example.

The situation with Luxembourg and Juncker has been even worse: we are talking about 200 billions of tax evasion a year, there.

When there is no economy but corruption, Pluto is its prophet.

We need a name for all this activity. We have it: corruption.

OK, let’s take a rest. Next I will explain why, as in Greece, Nationalism may help. Syriza governs with a right wing party. In Israel, the corrupt Netanyahu may lose power to a left wing opposition which proclaims its nationalism (“Zionism”).

But it will not end before the fat lady sings, and it’s in France that she playing Valkyrie. Fear, little Plutos, the pain you visited on the world!

Patrice Ayme’

Europe’s Greek Tragedy

January 30, 2015

Finance Without Morality, Is Only Ruin Of The People:

People like a good cliffhanger. It beats difficult analysis, any day. Will Greece be pushed out of the Euro? Everybody wants to know.

The answer is simple: no. Before I explain why, let me point out that Paul Krugman, over the years, said many silly things about the Euro. However, he is learning, and his last effort, “Europe’s Greek Test”, is pretty good.

In the five years (!) that have passed since the euro crisis began, clear thinking has been in notably short supply. But that fuzziness must now end. Recent events in Greece pose a fundamental challenge for Europe: Can it get past the myths and the moralizing, and deal with reality in a way that respects the Continent’s core values? If not, the whole European project — the attempt to build peace and democracy through shared prosperity — will suffer a terrible, perhaps mortal blow.”

OK, Krugman should not call it the “euro crisis”. It’s not anymore a “euro crisis” than the related 2008 crash was a “dollar crisis”. And the point is not to get “past moralizing”, but to get, precisely, in the thick of true moralizing.

Krugman: “But doesn’t Greece have an obligation to pay the debts its own government chose to run up? That’s where the moralizing comes in.” And the moralizing is not just the way plutocrats and their parrots claim it to be. Krugman has finally discovered that only one side is submitted to beating until the masters’ mood improves:

“It’s true that Greece (or more precisely the center-right government that ruled the nation from 2004-9) voluntarily borrowed vast sums. It’s also true, however, that banks in Germany and elsewhere voluntarily lent Greece all that money. We would ordinarily expect both sides of that misjudgment to pay a price. But the private lenders have been largely bailed out (despite a “haircut” on their claims in 2012). Meanwhile, Greece is expected to keep on paying.”

Paying for what? Banksters! Krugman has finally come across the great truth of the so-called rescue of Greece:

“…to oversimplify things a bit, you can think of European policy as involving a bailout, not of Greece, but of creditor-country banks, with the Greek government simply acting as the middleman — and with the Greek public, which has seen a catastrophic fall in living standards, required to make further sacrifices so that it, too, can contribute funds to that bailout.

One way to think about the demands of the newly elected Greek government is that it wants a reduction in the size of that contribution.”

Krugman concludes:

“Objectively, resolving this situation shouldn’t be hard. Although nobody knows it, Greece has actually made great progress in regaining competitiveness; wages and costs have fallen dramatically, so that, at this point, austerity is the main thing holding the economy back. So what’s needed is simple: Let Greece run smaller but still positive surpluses, which would relieve Greek suffering, and let the new government claim success, defusing the anti-democratic forces waiting in the wings. Meanwhile, the cost to creditor-nation taxpayers — who were never going to get the full value of the debt — would be minimal. 

Doing the right thing would, however, require that other Europeans, Germans in particular, abandon self-serving myths and stop substituting moralizing for analysis. 

Can they do it? We’ll soon see.”

The usual moralizing analysis that is done is not just completely wrong, but thoroughly superficial: the average Greek has been punished for a crime she and he did not commit. They are been punished with their lives. Meanwhile, the culprit bankers are not giving back their mansions.

So Germany is going to become reasonable about Greece. Why? Because it is co-responsible: the Drachma was converted into Euro at twice its real value. Germany agreed to this. That instant wealth for Greece was going to bring a lot of purchase of German luxury cars by wealthy Greeks, and it did. So the average Greek was set-up by wealthy and controlling Germans, whose influence made German economists consent to malversation.

Another point: Germany saw its debt cut down four times during the Twentieth Century, and the last time was in 1953. Basically Germany did not have to pay for Nazism and reconstruction.

If Germany did not have to pay for Nazism, why should Greece have to pay for German bankers? (Hmm… Wait. It actually makes sense…)

In particular Germany did not pay in any commensurate fashion for the Greeks it killed in World War Two. How many Greeks did Germany kill when it attacked Greece in Spring 1941, and for the next four years of brutal occupation, complete with sending tens of thousands of Greek civilians to extermination camps? Or killing them on the way?

So many Greeks were assassinated by the Nazis that one does not know how many died. Up to more than eleven percent of the population. Scaled up to the present population of the USA, that would be around 33 million dead.

33 million dead, and now you ask for more?

The sort of governments which has been in power throughout the West, has been serving the wealthy capital class, from the USA to Greece. It’s not just the Eurozone.

The British Royal Mail was evaluated by some financiers at 12 billion Euros. But the “Conservative” government sold it 4 billion. In a few hours of trading, the privatized company gained 60%, making a lots of instant wealth for investors.

Plots everywhere by the plutocrats, what could go wrong? A Great Bitter Ocean to drown in.

Some ponder the nature of man, the Dark Side French ex-justice minister Badinter spoke about.

Yet, that’s another mistake. One does not avoid cruelty by just becoming a vegetarian, or a vegan. Actually, it’s easy to argue that this is an immoral mood.

Instead, blame General Economics.

It has been thoroughly documented that, in national parks such as Amboceli, elephants kill goats and cattle, just because they don’t like them crowding around water holes.

MORALITY HAS TO REACH ACROSS CENTURIES:

Spain, now followed by Portugal, has decided to allow Sephardic Jews to return. Five centuries after throwing them out. This is worth pondering as a morality play. After 381, the Catholic Church became not just a terrorist organization burning libraries, but an officially sanctified one lethal one killing all groups it did not like, and, first of all “philosophers”. The Church came close to annihilating the Jews, but then the Franks took power and re-established the civil rights of non-Catholics. In the following centuries, many Catholics converted to Judaism: whereas the Pope and his goons always threatened to burn alive miscreants, Judaism was more relaxed.

However, for a number of reason, such as Saint Bernard, Saint Louis and the like, and the death struggle against the Islamists who occupied most of the Mediterranean, the Catholic Church and its Inquisition came back in force.

Millions of Jews were thrown out, or forced to convert to Catholicism, or terrified, tortured to death, burned alive. Even towards the end of the Eighteenth Century, Voltaire condemned the execution of a young Jewish girl, burned alive in Portugal, just because she was a Jew.

Well, last week, a ten year old Nigerian girl was covered with explosives, and detonated in a market place, by Boko Haram, an Islamophile terrorist organization.

That would have been unimaginable in Nigeria, sixty years ago (you know, under the dirty colonialists). But now, it’s happening, and it’s the leaders of the world who are culprit. Because that’s the world they organized. With their lies.

So let’s talk truly now, and start with Greece. When one of the world’s most despicable men, Jean-Claude Juncker, a tax evasion specialist serving plutocrats for decades, enabling trillions of dollars to be stolen from the people, say that Greece, the Greek people, should pay, we should retort.

Retort that it is his kind that should pay, so we can start to put an end to the systems of moods and lies they set in place.

Plutocrats and those who enable them, have been full of audacity, for decades. But, without audacity, you cannot save the Republic. Because the world, or at least the ecology, always moves on.

Ah, and of Greece and the Euro?

The Greek Central Bank can actually print all the Euros it needs. So the charade in Greece was made possible by the complicity of the ruling elite. Syriza can put an end to that.

And what of Germany forcing Greece? How? By bringing back the Schliefen plan, and swinging millions of robotic soldiers, through France, as in 1914? Hahaha. Sorry, I am obnoxious. Not likely, anyway, as 98% of the military muscle in Europe is held by France and Britain.

The Euro is the Greek currency. Germans can’t change that. It would be easier for them to adopt the rubble of the Rouble as new German currency instead.

Not that force should not be used. Banksters and their accomplices should be made to regurgitate the ill profits they made from Greece and other places they victimized.

Patrice Ayme’

European Politics: Wall Street Servant

January 23, 2015

European Politicians Did What Washington & Wall Street Said, As the Obsequious Butlers They Are:  

Europe is made of small nations which feel independent of each other, an entertaining madness. But its corrupt elite has only one master, body and soul, and it’s on the other side of the Atlantic, where the strongest nation rules (the world, mostly through the meek minds of their butlers anxious to please).

EUROPE WILL GIVE BANKERS MORE MONEY, JUST AS IN THE USA:

The European Central Bank will enable member central banks to buy a trillion euros/dollars of assets owned by banks (sovereign, that is, government bonds, mostly). This is called “Quantitative Easing” (QE).

QE buys assets held by banks, to make banks richer. Supposedly credit will then be easier to have for the little guys. The idea is that then everybody will feel richer, when bankers feel better and wealthier. A happy banker is the greatest gift.

We are fully in the logic, and mood, that bankers, and their delicate psyche, make the world turn around.

Make no mistake, as Obama would say: we are still in democracy. Proof? Common citizens are not asked to kneel when bankers pass by on their way to private jets. At least, not yet. What the Commons are asked to believe is that bankers will become interested by their miserable, unworthy, low class plight. Instead of having the bankers send all the money they manage and command, most of the money in the world, to fiscal heavens, financial derivatives, dark pools, and giant above the ground plots, like the Davos World Economic Forum. It is entirely their right, for bankers to provide money wherever they want, to whoever they want, as bankers created the world, and thousands of pet politicians, besides.

This is so true that French president Hollande went to Davos to beg the high financiers to stop financing terrorist networks. It is like asking crocodiles to stop taking care of their young. The financial saurians neither understand what the French are talking about, nor care to, as all they know is biting and gulping furiously.

What QE does, is to remove from bankers the excuse that they do not have enough money. Don’t laugh: bankers own everything, including the notion of seriousness. That’s why satire is not welcome in the USA.

Europe is following the USA, which started an enormous QE as Obama got to power… While preaching austerity, and accusing Europeans to be big spenders addicted to state insured health care (instead of the wonderfully profitable Obamacare).

The same as in the USA, giving bankers money, was done in Great Britain (and that’s why interest on UK’ long bonds are thrice those of France).

By comparison to what the European Central Bank (ECB) is going to do, the TARP inspector in the USA claimed that the Fed provided eight trillions of QE (the Fed says it owns 4 trillion dollars of USA government bonds from the Treasury of the USA… to which it returns billions of interest).

Krugman criticizes Europe to have been “Too Responsible”: “The United States and Europe have a lot in common. Both are multicultural and democratic; both are immensely wealthy; both possess currencies with global reach. Both, unfortunately, experienced giant housing and credit bubbles between 2000 and 2007, and suffered painful slumps when the bubbles burst.

Since then, however, policy on the two sides of the Atlantic has diverged. In one great economy, officials have shown a stern commitment to fiscal and monetary virtue, making strenuous efforts to balance budgets while remaining vigilant against inflation. In the other, not so much.

And the difference in attitudes is the main reason the two economies are now on such different paths. Spendthrift, loose-money America is experiencing a solid recovery … Meanwhile, virtuous Europe is sinking ever deeper into deflationary quicksand; everyone hopes that the new monetary measures announced Thursday will break the downward spiral, but nobody I know really expects them to be enough.”

Neither did the ECB chief, who said exactly that. Clearly, Europe did not create enough money.

Krugman did not explain why, and how, the difference arose, and he is silly to believe that the economy of the USA is now growing at a 5% just because its bankers are bathing in money. Economist are often one trick donkeys, but here Krugman overlooks the obvious: look at the price of energy, look at the tax heaven status of the USA, look at USA monopolies.

EUROPEAN LEADERS ARE SERVANTS OF THE GREAT WALL STREET SPIRIT:

The question is why did American politicians and European politicians behave so differently from each other?

The reason is simple: American politicians are masters, European politicians are servants, or, at best butlers, of the former (Jean-Claude Juncker being an example of the latter sort).

Nowadays, a politician is a professional employed by wealth. She, or he, is like a bookmaker, somebody who takes bets. In this case, the bets are on those policies who will benefit most those who have the money, that is, the power. It’s a delicate thing, made of polls, lies, and taking orders from wealth.

That was completely obvious in France: the ex-fascist, Mitterrand, ran for president on a socialist-communist platform. Once that did not work too well, the Vichysto-resistant president went on a Wall Street compatible program, and France has never looked back since (with disastrous consequences).

Now they teach five year old French children how to do banking (at least my daughter explained that last week). Hey, I guess, she can become a banker too, and get money for nothing. If not that, she can turn to Islamophilia, and make a career talking about big, bad French imperialism, until Wall Street proposes her a job. But I digress…

If France fell in that high finance trap, money for nothing thanks to friendly bankers, you can be sure the rest of Europe did even worse. (Don’t roll out Germany as an example of probity: the success of its expensive cars, I drive one, and its machine tools export was greatly obtained by paying workers salaries as low as one euro an hour… This has just been corrected.)

WE PLUTOCRATS RULE HELL:

The most powerful nation, the USA, is ruthlessly led by its plutocracy. The bubble of 2008 transferred massive winnings from bets by some plutocrats against their peers and against giant money center banks which were public in two ways: on the stock exchanges, and, more importantly, as the organizations in charge of creating most of the money (through the extension of credit).

The bubbles popped. The financial system, throughout the world, was bankrupt. To fix it, the Central Banks enabled the creation of massive new credit (=money), by lowering interest rates to zero. The money center banks were then free to re-enact their previous act, and re-invest massively in financial derivatives, same as before, but now even more.

True, Obama dispersed a few hundred billions of “stimulus”. Much more money went from the Fed to the money center banks, trillions of dollars of it. One started, just as before.

A lot of the wealth of the USA comes from fracking (a gift from god), Wall Street conspiracies, and worldwide tax dodging by giant USA monopolies, all of this with the complicity of the world’s most powerful capitals, Washington and New York.

By pretending otherwise, attributing all the economic splendor of the USA to the wisdom of QE, Krugman is promoting the myth, and the banker.

THE EUROPEAN ELITE IS CORRUPT:

If not corrupt as far as getting money directly (but it does: watch the number of EC commissioners who ended in fancy Wall Street employ), its mind is sure corrupt (they all want to be employed by Wall Street; by the way, lots of French president got lots of money, and not just directly from Wall Street, or the like; an example was torrents of money from Hariri, a Lebanese-Saudi businessman, later exploded by Hezbollah).

Is the European elite culprit? Sure. It was bought into the mood, and money, coming from the USA. So it saw nothing, it wanted to see nothing.

So the European elite saw nothing that what was going on. It did not see the more than 100 billion of tax dodging by USA corporations, through Luxembourg alone. It did not want to see it, so it did not see it. The European elite did not see the Euro which was too high, way too high, maybe twice the vale it deserved against the dollar.

The European elite did not see the cutting of the science budget in Greece by 75%, and the like. The European elite did not see the young people deprived of education, of jobs, of future, of money… The European elite did not want to see European discoveries exploited in Silicon Valley and coming back as tax dodging monopolies. The European elite did not want to see that European energy became twice more expensive than it is in China, or the USA.

All what the European elite has been doing, for 35 years, is to please plutocracy (also known as “liberalism”). Plutocracy central is based in the USA, in the most powerful nation. Thus, in a way, Europe is paying the price of not being master of its own destiny, because, naturally, its elite politicians go to serve the richest masters, with the biggest army, and those are based in the USA.

(The USA’s wealth has much to do with being the owner of a giant expanse of temperate real estate, immensely rich in all ways; it’s not all about today’s conspiracies.)

So the USA got the best policy, not because the Americans are the smartest, but because they are the masters.

The Europeans are “much too responsible”, because they are, fundamentally, servants, and servants have to be responsible. Servants of their masters in the USA, one rung below the servants there.

Will Europe revolt?

Maybe it will. Maybe it will wake up from its Wall Streetophilia, Washingtonophilia, Islamophilia, and Europhobia, which has masochistically affected it al too long.

The satirical, thus critical, core of Europe is France, and France got a number of jolts. The last of which left not just the president of the USA pretty cool, but even officially disingenuously spiteful of Europe’s alleged lack of inclusivity.

The French Republic is under attack, and maybe it is what it will take. France, with her welfare state, under attack, may remember who created Al Qaeda. France may remember that Wall Street and other vast chunks of USA plutocracy are not her friends… Ever since they financed Hitler in the 1920s and 1930s. Or even before that.

The adviser of president Wilson proposed an alliance to the Kaiser on June 1, 1914; said alliance was crucial to said Kaiser, in the first three year of the war. That such facts are not in Franco-British (or German!) history books is very telling. It means official history has a Washington bias. (Sponsored by the same people who brought you Islamophilia, and decry European colonialism! Never mind that Europe’s largest colony is the USA itself!)

France told the European Commission (EC) that she will disregard the deficit limits (as the UK, did, long ago, by the way). Now the EC says it’s a great idea.

Bring the Euro down to 80 cents on the dollar, or lower. Institute deficit spending… until interest rates climb back up (they are down to nearly one half of one percent in France, negative in Switzerland). Rearm. Yes, rearm. That’s where hope lays. Following the poisonous, Trojan Horse advice from Washington, for Europe to lay on her back and present her soft belly, is only the path to gloom and doom.

And please do not restrict the financing of Europe to QE, Wall Street style. American corporations ought to pay tax, effective immediately. Just sequester 10% of their revenues, and, if they don’t like it, they can go back where they come from. Arresting all the high financiers who finance terrorists would be also helpful. One should put them in the same quarters as the Salafists: they could preach to each other their versions of hell on Earth.

Patrice Ayme’

Real Doom

September 26, 2011

RESIST MEEK & SUPERFICIAL EXPLANATIONS:

As The Going Is Getting Tougher, The Weak Is Saying Whatever, But The Tough Will Propose Harder Things:

***

 Abstract: The Central Bank of the USA, Obama, Krugman and much of the left of the USA, let alone its banksters, claim that the present Greater Depression is a combination of over-production and lack of demand. Perhaps unbeknowst to them, this is straight out of Karl Marx. Although not without some superficial merits, that explanation comes very short to explain the extent of the crisis, which has more to do with the capture of democracy by banking.

 The resulting idiocy has blinsided us about even larger problems waiting in the wings, which are making their presence felt. Thus, it’s not about demand, as Obama, Krugman, the GOP, and the Fed believe(d). And providing more money to bankers will not change a thing, if that is all what is done. 

 A real change will come by reigniting the technological drive behind a worthy project. Yes, that will require a massive effort in better public schools, all the way to the highest research level.

 I propose a new technological drive, which is both completely feasible, and will be a game changer in what economy and survival are all about: energy. And no, it’s not about charging towards wind mills. And yes I propose this, because it will be hard, precisely. (We propose it because it is hard is what president JF Kennedy said, correctly and deeply, about his moon project. What I propose will be also much more useful.) 

***

***

 A funny development is afoot: as the severity of the crisis reveals itself, the propaganda machine, unable to deny the existence of a depression, is trying to wrestle control of the discourse by reorienting it towards safer ground… In this case… Karl Marx (as we will see).

 A well connected anointed personalities of the left, John Judis, wrote an essay “Doom!“, quoted approvingly by Krugman. As I will show below, it looks good, and many of Judis’ arguments are excellent, all the more since they are well known, and that all the way since before Karl Marx. However it is still a sly manipulation, as the Marxist conclusion (“too much over production“), while partly correct in the 1930s, eschews the real problems. Then and now. Now being way worse than then.

 Curious times when Marx’s ideas can be manipulated into serving the plutocracy. True, Marx did not have that concept. The concept of plutocracy. Marx believed in the struggle of the classes, I believe into something much more sinister.

 “Doom!”was approved by Paul Krugman as can be seen in the following post, which is revealing in other ways… Krugman’s post is remarkable by his honesty (see the parts I underlined).

 After quoting Krugman, I will explain why “Doom!” is a dangerous whitewash full of disinformation. Truthiness is at its worse when it is carefully laid down to lead us astray.

***

WHEN CHAOS REIGNS, BY DEFINITION A LITTLE CAN DO A LOT:

 Here is Krugman,September 20, 2011, 4:39 pm

 Doom!

 That’s the title of a new article by John Judis about how policy around the advanced world is now aggravating the slump — and how things look likely to get even worse looking forward. It’s not very different from what I’ve been saying, but Judis offers more historical depth in the comparison with the 30s.

Actually, I’ve been thinking about that parallel — and how truly remarkable it is.

I was recently asked to give a talk on “capitalism and democracy”; that’s bigger-think than I usually do, but I gave it a try. I took as my starting point the famous Fukuyama thesis that liberal democracy — meaning basically a market economy plus democratic institutions — was an end state, a final resting point for state organization.

I always had my doubts about that, largely thanks to the 1930s: what we saw there was that a severe economic crisis could put liberal democracy very much at risk. And it was a close-run thing: slightly better strategic decisions by the bad guys could have made totalitarianism, not democracy, the end state.

It seemed to me even when Fukuyama first wrote that this could and probably would happen again, that there would be future crises that would put our system — which I agree is a very good system — at risk.

But one thing I was sure of was that the next great crisis would be different. It would be environmental, or about resource shortages, or about runaway technologies, or something; it wouldn’t be about a banking crisis and a collapse of aggregate demand, aggravated by bad monetary and fiscal policy. We’d learned too much to repeat that performance — right?

Wrong. The amazing thing now is not that we’re having a crisis, it’s the fact that we’re having the same crisis, and making the same mistakes.

A lot of the blame goes to the economists, by the way, who abandoned what they used to know — and many of whom are giving bad advice now, I firmly believe, based more on ego and political affiliation than on analysis. That is, I believe that we’re looking at a moral failure as well as an intellectual failure.

Anyway, awesome. And depressing.

***

WAR BETWEEN THE MIGHTY CAN BE A MOST UNSTABLE THING:

 Bigger-think than I usually do? Bigger admission than those people with fancy credentials usually make. Honnesty in top thinkers who are after the truth allows them to perform better (but does not help their friendships, so there is a complementarity between depth of discovery and influence in one’s lifetime).

 Let’s analyze in more detail Krugman’s assertion above: “slightly better strategic decisions by the bad guys could have made totalitarianism, not democracy, the end state.”

 This has been one of my points, over the years. I will not go into much details here, just a few illustrations. At Dunquerque (“Dunkirk”), the French army made a successful defensive ring which allowed the professional British army to escape. Had that not been the case, Britain would have been defenseless… The next big Nazi mistake was not to have pushed a few more days in its attempt at destroying the Royal Air Force… Because it was succeeding. Instead the enraged Nazis switched to city bombing, which spared the RAF. And so on.

 Anxious to keep himself popular with his adoring German supporters, Hitler did not switch the German economy into a command economy until well after major disasters, in 1943. The Soviet (of course), British (unobviously), and American economies (spectacularly) had been switched to command economies years before. So Germany, after a jump start into militarization after the Nazis came to power, was slow in mobilizing all its resources.

 By the way, the necessity of this switch from market to command, shows that COMMAND ECONOMIES CAN BE VASTLY SUPERIOR to free markets. What Krugman calls “our system” was not “our system” when it really mattered, during WWII.

 Had Hitler not personally slowed down the development of the Me263 jet fighter (to make it into a bomber to bomb my dad), by more than a year, Germany would have regained air supremacy by Spring 1944, which would have changed everything (it’s not me saying it, but the U.S. Air Force).

 It is intriguing to know that the obverse is even more true: slightly better strategic decisions by the GOOD guys could have defeated totalitarianism quickly. Or just less bad luck, or fewer grave tactical errors. As when that Spitfire pilot saw Nazi armor jammed in the Ardennes’ forests. But he was not believed. Indeed stuffing all of one’s army on one road in one forest was considered an insanely demented mistake, and the Franco-British command could not possibly imagine that the Nazis were that stupid and crazy. Just what Hitler and a handful of generals hoped would happen, to the disbelief of their less mentally imbalanced colleagues. 

 Morality: never underestimate the insanity and stupidity of your lethal adversary. And the more fascist, your adversary will be, the more insane and stupid.

 BAD LUCK: the French army had fully anticipated the obvious German offensive (“Case Yellow“), down to the fact that it would have two main axes through Belgium, and exactly where those axes would be. They were ready for it, and knew they would cut off German armor from behind.  However a plane with the plans crashed in Belgium, and the Nazis switched to a wild and crazy plan concocted by Hitler and his friend the Duke of Windsor (a Nazi fanatic judiciously made inspector general of the British, hence French, defenses, and whose keenest reader was Adolf Hitler himself; Hollywood was correct to make a movie about a king’s speech impediment instead, to help cover the sordid truth).

 Now, of course, when the French high command sent its armored, mobile, seven division reserve to the Netherlands, while smartly keeping no less than half of the French air force out of France, the strategic mistakes were bewildering (there are reasons to believe it was not all accidental, just like with the duke of Windsor, the ex-king who was not tried and shot as he deserved, and it is better to make movies about his successor’s voice. Anything to avoid exploring what really happened in 1939-1940!)

 And, of course, if the USA had gone into the war by the side of France and Britain in 1939, instead of joining Hitler (under cover, but de facto), the Nazis would have been promptly defeated.

 The grand conclusion is this: World War Two was a highly unstable, chaotic adventure (in re-runs of the Battle of France in 1940 and the battle of Midway in 1942, the Nazis and the Americans lose nearly every time, so both were lucky, very lucky, and chaos going just a bit differently would have brought a different world society, now.).

***

ATHENS HAD DIRECT DEMOCRACY, WE PREFER REPRESENTATIVE FASCISM:

 Another statement of Krugman is worth pondering:“I took as my starting point the famous Fukuyama thesis that liberal democracy — meaning basically a market economy plus democratic institutions — was an end state, a final resting point for state organization.”

 This Fuk. thesis is of course the grave mistake, self serving to the oligarchies, that civilization is making: instead of having a real democracy, Athenian style, namely direct democracy, as in the paleolithic cave, for the last four million years, we have a system now closer to elected fascism. A few elected people, in connivance with at most a few thousands, completely unelected conspirators, worldwide, decide for everybody, in connivance with a much larger body of plutocrats, who would be convicts, should justice be applied to them.

 OK, it’s not anywhere as obvious as in Russia, where Putin will be dictator president until 2024 (he just announced boldly; OK, at least in the USSR, I mean the Russian Federation, one knows who is the boss, whereas in the West one knows who the puppets are).

 The result of the representative fascism we have is an increasingly deeper lack of intelligence, as the handling of the crisis demonstrate.

 There is not much serious debate of the whole population in the system we have, in contrast of what happened in ancient Athens. Only polls are consulted, but polls are the fruit of public opinion, itself heavily manipulated by plutocratically controlled media. “Greek” crisis: in truth, it’s mostly a foolish lending crisis. “Subprime crisis”: in truth it was first of all a derivative crisis. Still is. “Euro” crisis: mostly the dismantlement of a system devised by private banks for private banks, were dangerous investments were disguised as AAA+, in the guise of Euro unification.

 And so on. Palestine not a state: no problem, let’s make Palestine the object of a final peace process, that’s the final solution, for however long it takes, American style (hint about what that means: look for the Cherokees!)

  So all depends upon Obama, thinking in his king size cherry bed (which is particularly comfortable, “The Economist” told us.)

***

NO CONTEMPT IS HIGH ENOUGH:

 The thesis of Judis of the New republic is repeated by Krugman faithfully:

 “The amazing thing now is not that we’re having a crisis, it’s the fact that we’re having the same crisis [as in the 1930s], and making the same mistakes.” But Judis, and apparently Krugman, make the mistake of believing that the crisis is only about that, being an exact copy of the crisis of the 1930s.

 Let me quote Judis extensively (as the article is only for subscribers):

 “TODAY’S RECESSION does not merely resemble the Great Depression; it is, to a real extent, a recurrence of it. It has the same unique causes and the same initial trajectory. Both downturns were triggered by a financial crisis coming on top of, and then deepening, a slowdown in industrial production and employment that had begun earlier and that was caused in part by rapid technological innovation. The 1920s saw the spread of electrification in industry; the 1990s saw the triumph of computerization in manufacturing and services. The recessions in 1926 and 2001 were both followed by “jobless recoveries.”

In each case, the financial crisis generated an overhang of consumer and business debt that —along with growing unemployment and underemployment, and the failure of real wages to rise— reduced effective demand to the point where the economy, without extensive government intervention, spun into a downward spiral of joblessness. The accumulation of debt also undermined the use of monetary policy to revive the economy. Even zero-percent interest rates could not induce private investment.

Finally, in contrast to the usual post-World War II recession, our current downturn, like the Great Depression, is global in character.”

  Well, yes and no. Yes, all the preceding is true. But, THIS TIME, it’s only a small part of the story, and not the worst.

  However, this simplistic a minima analysis is what has led the Obama administration, and others, to believe that demand is the only problem, just as in the 1930s: augment demand, and the crisis goes away. so Judis’ interpretation is not different from Bushama, or Krugman, or many others: just the depth of the crisis changes.

  Lowering interest rates thus was viewed as essential. But it’s not. Jobs are essential. There is no need for interest rates to be manipulated to get jobs. Command economies have demonstrated this before, ever since (Consul, general and imperator) Marius’ legions dug a canal from Arles to the Mediterranean sea (102 BCE). Or, before that the Chinese, the Mesopotamians and the Egyptians built massive canals, in what were, obviously, huge government programs.

 The first Egyptian canal is 6,000 year old. Egypt built another large canal in 1,700 BCE. The Shatt-el-hai Canal was built, linking the Tigris and Euphrates rivers, in 2,200 BCE. Command economies work, and they work more.

 My interpretation is not that interest rates are too high. Anyway, interest rates  are basically zero, and so they have been, basically zero in Japan for 21 years, and the crisis is still there, there.

 My interpretation, instead, is that we suffer from a misallocation of capital, not so much quantitatively, than qualitatively. Krugman, instead, like Obabla, believe that if we send just so much more money to their banksters friends, a miracle will happen, and the bansters will walk on the water, make bread, distribute fishes, and offer the wine.

 But the bread is laden with pesticides, the fishes soaked in mercury, the wine is just a rising acid sea, and banksters make only gifts to Obabla, and the other friends they have.  

***

DIFFERENCES WITH THE 1930S:

 Judis forgets a number of details, each planetary sized. There was no worldwide energy crisis in the 1930s, nor CO2 poisoning, nor a demographic crisis. Weapons of Mass destruction did not exist, and the biosphere had not started to die. Neither the Nazis nor the Soviets ever advocated extra judicial treatments and torture (as the super bully did recently, and practices worldwide for all to see, and learn). OK, Nazis and Soviets were not tender footed. But they did not dare being that devolved for all to see.

 Conveniently, Judis forgets also other ecological dimensions, completely. Among them:

 The USA decided to make food into fuel, so food prices jumped, worldwide, and have reached a permanent higher slope. Which has already led to the starvation of many, and dozens of millions, very soon, according to the specialists. But never mind: the USA has lowered the percentage of its oil exports from around 60% to 47% (with lots of “fracking”: finding oil and gas for an inefficient economy is well worth fracturing the entire USA!) And then, of course there is the cost of fossil fuels, which has thrown economies in recession, more than once.

 Judis also forgets the military element: in the 1930s, the USA was at peace. Right now, the USA is at war, all over, and in a very expensive way. Aside from the official soldiery, the Pentagon employs no less than 291,000 private mercenaries. With the intelligence agencies, one gets to about all the budget American taxes pay for, one trillion dollars. Making war against the world is expensive, as Hitler found out. Of course, as he was the first to point out, he did not have the means of the USA. Thus what we have now, mad bull losing its way, in more ways than one, is the real thing.

 In the 1930s, Americans could afford health care. Right now, thanks to (industry) gold plated Obamacare, health spending relative to GDP is climbing vertically: I saw a graph where, in the latest year, health care spending went from 16% of GDP to 18%. At this rate, before the end of Perry’s first presidency, only Congress, the White House, and plutocrats will be able to afford health care.

 Judis also forgets the democratic deficit: Obama, in his star struck simplicity, goes around, quoting the richest men in the world, calling them “my friends“. We are all supposed to be on our knees, swooning with love, as most of disposable GDP is sent towards the superrich, and we are told to follow spiritually the superrich, and tax them more, just as they said.  if Buffet says so, teaches Obama, so it ought to go, because who knows better. If Obama knew a bit of history he would not have waited Buffet and gates to teach him that taxation has to be progressive, just to stay in place. This has been known, and practiced, for 10,000 years. Except in plutocracy. Thus plutocracy was the apparent state of Obama’s nominal reign, so far, since the plutocrats themselves had to tell Obama that it looked bad.

 Next: wolves to come to the sheep pen, and Obama informs us that those quadrupedic wells of wisdom are coming to be shorn. And he shall recommend to do as they said.

 Judis claims the entire problem is over production. As in the 1930s, he says. But that is a complete misinterpretation of the crisis of the 1930s, first of all. That was more caused by the wrong decisions, coming from hubris, rather than by anything else. Now this master cause we have come to enjoy again. Stupid hubris to the point of dementia.

 The interpretation a minima of the crisis by Judis, claiming meekly that it is just as in 1930s, is very convenient to the plutocracy.

 It stands Marx on its head: you see, according to Judis and al., the problem is that workers worked too much! I hope Judis gets invited to a lot of parties in Manhattan, and the Hamptons, by the superrich and influential: he has done well for the malefactors of great wealth.

 Let’s fire more workers, indeed, Mr. Judis. Before they get angry and set fire to that “democratic” ultimate state Fukuyama was paid to be so proud of. 

 In truth preisdent FDR refused an over-production interpretation of the 1930s crisis. According to FDR, the real crisis emanated from the “money changers“. In other words:

***

THE REAL CRISIS. ROGUE MONEY CREATION:

 The more they lend money they do not have, with the benediction of their conspirators in government, the richer the bankers get. It’s as simple as that.

 Krugman seems to have been converted to this view two days ago, as in a rare seizure of truth about Europe, he reveals the “Origins Of The Euro Crisis“. …”it is very difficult in real time to convince people that capital inflows pose a threat, no matter how obvious the numbers seem.”

 In other words, money created in arbitrarily large quantities causes large tsunamis, tearing all societies in their way. We are far from Karl Marx’s critiques. But Krugman fails to see the connection with the fact that Judis is wrong, and that it is also wrong to use the Fed to send arbitrarily large flows of money to giant private banks, which are themselves permitted to use as much leverage as they want, directing those tsunamis each time they see a new landscape primed for devastation.

 This is why Japanese banks lent to real estate speculators and “zai tech” artists before 1990, and frantically all over South East Asia in the 1990s. Big banks all over EU and the USA duplicated the method in the late 1990s and 2000s, with the complicity of central banks and governments. A flood of money was for all actors to have. That is the influential actors, those who can invite the president of the USA for a sleep over.

 Then the president will invest half a billion in your society (say a solar company financed from those friends who had him at dinner, and made him feel important). Don’t worry: now that these solar companies are bankrupt, the venture capitalists will be the ones to see their money come back (contrarily to usual usage of venture financing where early investors lose all). Thus, they will be able to get their “democratic” president re-elected. No the taxpayers will not see their money come back, it’s lost for good, and this is only justice, they are only suckers, what are they going to do? Vote for Perry? Really? 

 The money rushed particularly towards untapped markets: derivatives, subprime, and European periphery. There was no cause of worry: in 1996 various indicators were as bad as in 1929. What did the head of the Fed do? Greenspan provided more money so that the party could keep on burning the house. He used as pretexts, a whole succession of crises: South East Asia collapse, Russian collapse, and LTCM. Long Term capital Management was a hedge fund full of friends and Very Honorable People.

 Then there was the year 2000 crisis (no kidding), and the Internet Bubble. Greenspan kept on forking the money. Naive creatures such as Nobel Paul Krugman have asked for more of the same, and I am all for it.

 However the way the American Central Bank has been sending the money is through the private banks. Or more exactly the same small conspiracy of bankers, a gang of banksters. Look at Rubin and Summers to see what I mean: already ultra powerful under Hollywood actor Ronald Reagan, those financial manipulators reached even higher even before the ignorant, but surprised Bill Clinton was elected. Then they took control of their Obamabot, a tele prompted device: a more advanced technology than Clinton. If one is to believed recent revelations, Rubin, Summers and their Geithner device, outright ignored the Obamabot, as happens in star Wars with idiosyncratic robots, when they scoffed at his erratic orders.

 What happened since 1996 (which was in many ways like 1929, as far as the indicators were concerned, as I said) is that at each episode, at each crisis of liquidity, the banksters were encouraged by the governments to throw more money, more investment. The correct course would have been, instead to regulate tightly the money flows according to higher principles. That is what the PRC, the People Republic of China, does.

 But how do banks create all that money? Through leverage. So the leverage got globally ever worse, at each further step of curing over lending by more money creation. Derivatives have reached more than ten times world GDP. The superrich and their servants in government loved it, as they became ever richer (since they serve themselves as the giant cash flows pass below their noses). This points immediately to the most obvious aspect of major problem: the super giant leverage is private. That, in turn, points at the solution, as I point out in conclusion.

 As the conditions become adverse, the latest leverages, most giant, most adventurous, more leveraged than ever, have to be inverted. As Kash Mansori (approved by Krugman) points out, in the case of the European debt crisis.

***

SOLUTIONS LOOKING FORWARD:

 As usual when there are crises, opportunists move for easy pickings, and the kill. American plutocrats and their supporters see an occasion to “explode” the European Union, for example.

 So what to do with all this insanity? There is a number of simple measures which are in the air in France and Germany, or even the UK and the USA:

 a) Getting rid of those who say we don’t need a Financial Transaction Tax, like Geithner. A FTT will discourage banks from engaging in fake trades with each other, and from extracting all profits or capital from legitimate investments in the real economy. It has to be implemented right away, as Merkozy says.

It’s a torpedo to fire at plutocracy that even European conservatives agree should be fired. European conservatives like money, they don’t like to hang from lamposts.

The Eurogroup should not hesitate to use the threat of force (by forcing a lot of financial euro business to be conducted in the Eurozone, and also by threatening to facilitate a lessening of euro valuation, as I said in the preceding essay).

 b) Getting rid of those who, like the German Vice chancellor, Rösler, ironically head of the “Free Democratic party”, want to abrogate the rights of completely innocent people and nations’ rights. OK, like Hitler, Kaiser Wilhelm, Stalin, Sarkozy or Obama, there are some doubts about his true origins, at least in his mind, so he is anxious to show he belongs, because he is more patriotic, and no patriotic act is high, or hard enough, for him to commit in front of the admiring crowd.

 Krugman is now mellowing a bit about the euro, saying that the “the euro is going to have a chance of working only if the ECB delivers much more expansionary and, yes, inflationary policies than the market now expects. If you don’t think that’s a possibility, say goodbye to the euro project.”

 “Euro project“? What about the “dollar project”? How is that doing? That would also be helped by small inflation, too, as long as capital is well allocated. But, to do this, gross misallocation of capital by itself, for itself, should be stopped, and that means a FTT. and also, for the USA, a Value Added Tax, to foster savings (total USA debt, including “Government Sponsored Enterprises” is well above 400% of GDP, arguably only less than the total debt of the UK and Japan).  

 c) Push fundamental research and development, give society a project, indeed, and a dream that will bear fruit.

 Improbably president Kennedy ordered the USA to land on the moon, with exalted firecracker technology. It worked. It was sort of useful , be it only by broadening humankind’s vision.

If Obama were really smart, he would have proposed a similar project. He should. The prime candidate is laser triggered thermonuclear fusion. It’s not plausible that it will not work on an efficient industrial level. (The USA, UK, and French programs are already talking to each other; one should make it into the next moon like project, an occasion to teach Krugman the difference between “project” and “currency”.)

 Some of the naive will say: thermonuclear, what for?

 Well, don’t believe the propaganda that there is plenty of oil and gas. We are past peak cheap oil. Now, indeed, we can have centuries of unbearably expensive (financially, socially, ecologically) oil, and gas and coal. But unbearable is the word. Starting in 2016, the prices will augment vertiginuously.

 Meanwhile demand is exploding: cars are supposed to quickly double to two billions, as emerging countries get to drive. China and India build four coal plants, a WEEK. Soon there will so much mercury vapor deposited from burning all that coal, that fish will be inedible, anywhere.

 The 30% more acidic oceans are now rising 5mm a year. Yes, the rise of the waters has accelerated.

 We need a new massive energy source, and it’s going to be nuclear, one way, or another. No more of that Roman energy stuff. We can do better than Inuits 1,000 years ago, who already burned oil. Because the superior Viking did not copy Inuit technology, they disappeared from Greenland. Our case is worse: we have nobody to copy. OK, maybe the Inuits, if it comes down to that. But don’t forget that mercury fish. Well, when one’s brain is full of mercury, one has forgotten what forgetting means, good point. Long live coal, down with nuclear, as completely idiotic pseudo ecologists say.

 And don’t tire me with the obsolete 50 year old plant at Fukushima hit by the giant wave after the giant quake, and without having done any of the mandated work on emergency generators: pictures show that the raccoon dog, the Tanuki, is back, frolicking among the reactors… Same in Chernobyl. Maybe we could explode a few thousand nuclear reactors, so wildlife would thrive? just wondering. Won’t happen with mercury, though, indeed… Actually a low level of radiation is well known to improve health, through the triggering of subtle repair mechanisms…

 Thus the number one strategy ought to be to declare a state of socio-technological emergency, and push for more brains in science, and shower the whole area with all this money the Financial Transaction Tax will send in the direction of common sense. With a clear target: tame thermonuclear fusion in 10 years, for power generation. It can be done (it’s just a question of augmenting a firing rate, and receiving the neutron efficiently).

 Late Imperial Rome died, in part, from its devastation of the ecology having caught up with its mostly stagnant technology: the “malefactors of great wealth” (as president Theodore Roosevelt called them) hate thinking (and rightly so, from their point of view of greedy crocodiles!) Rome was mastered by, submitted to, malefactors of extreme wealth. Some Roman bishops had 400 slaves. Malefactors of great wealth hypnotizing the People into superstition, away from reason, knowledge and wisdom.

 The Franks and other Germans developed more appropriate renewable technologies than the Romans had (wooden constructions and water wheels everywhere), and soon completely new technologies the Romans never even dreamed of (deep ploughs, massive labor horses, beans, etc.)

 A massive technological project to pull us up is bigger-think than Krugman, or Obama, and a fortiori the rest of the government of the USA usually do, but that is (part of) what is needed.

 Ah, and what of the super giant private leverage now incapable of supporting its own weight? Well default it, thanks to public funds which will acquire title and control (what Obabla did not do… yet). Once the European public fund for stability (etc.) is deployed and massively leveraged into many trillion dollars, one will have such a (trans)national public bank, which, under the People’s control, will be able to return banking to the real economy, and maybe even sanity. As it will crush all the hedge funds in the way, especially after a Financial Transaction Tax has been instituted.

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Patrice Ayme

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To answer a reader, just now: There are about 100 potential nuclear fission technologies all much safer than the present ones. China has a national Liquid Thorium Reactor project (project: learn, Krugman, learn…). France also finances a bit such research. The advantages of LTR reactors are enormous (they were studied initially as engines for planes). But of course nothing would be fusion (besides ITER, and the laser approach, there are other realizable fusion technologies within profitable energy production grasp.)