Posts Tagged ‘Krugman’

Vote For Truth & Other Recommendations

November 8, 2016

OFF WITH THE CLINTON ‘GLOBAL INITIATIVE’ WORLD OF PLUTOCRACY UNCHAINED

I support much of Clinton’s program. However… It is not just that she is not “inspiring as Obama just said. She belongs to a party whose elite has done the opposite of what they claimed they wanted to do, and lied about why and how that happened. Moreover herds of idiots out there, believe said elite of plutocrats, hook, line, sinker, and the entire boat. For 24 years. Yesterday I was walking in my neighborhood, along the shore of the world’s greatest ocean. On the other side of the giant 4 miles bridge, apartments have been sold for 60 million dollars. In the streets, in the nooks and crannies, homeless people moved, in the last few weeks. They will not vote. They live in absolute garbage, worse than in the worst of India. Indeed, unbelievably, they build their refuges from garbage. It smells, there are broken bottles everywhere. They are on the move, police is hunting them, bulldozing them here and there.

Even in the poorest parts of Africa, I have never seen such misery. And those are mainly young white men, with the occasional woman and the slightly Afro-American white man thrown in. They are real US citizens, not recent (often illegal) Hispanic immigrants (those stick together, and have work). That’s the other side of the Clinton-Obama global imperial plutocracy. Or, as the Clintons like to call it “The Clinton Global initiative”. To see who support that “Global Initiative” look at the long list of dictators who have given money to the Clinton family, or look at the picture below:

The CEO Of Goldman Sachs (on the right) Is Inseparable From Hillary Clinton & Clinton Global Initiative: Global Plutocracy. GS Was Not Prosecuted For Its Crimes In Greece

The CEO Of Goldman Sachs (on the right) Is Inseparable From Hillary Clinton & The Clinton Global Initiative: Global Plutocracy Is The Clinton Global Initiative. GS Was Not Prosecuted For Its Crimes In Greece

But don’t say that to wealthy Californians: they have immensely profited from the global corporate fascist crony capitalist state. A few miles from these hordes of homeless drifters pushed around by police, the world’s richest corporations have their headquarters, paying no taxes and doubling as spy agencies for the global security state. Those who earn their lives well in the SF Bay Area are professionally bound to sing the praises of that system, lest they be ostracized (same story in New York).

Well known philosopher Zizek observed that:”Humanity is OK, but 99% of people are boring idiots.” No wonder they vote for that:

Baby Is Hungry! Idiots Found A President For Hire. But Destitute Idiots Did Not Hire Her. Instead, They Just Admire

Baby Is Hungry! Wealthy Idiots Found A President For Hire. But Destitute Idiots Did Not Hire Her. Instead, They Just Admire

Thanks to Donald Trump, the idiots are getting less boring. Now they have coprolalia, and it’s Hillaryous. The insults are flowing, thick and innovative. I roll out FRED (Federal REserve Data), and posers who claim to be “Democrats” pile up derogatory terms to describe me.

Funny how Trump went from pillar of the establishment, to universally reviled as a “populist”. The same reproach was made to Caesar; Caesar was the leader of the “Populares”.  Trump is a man who dared to campaign, with his own money, against Ronald Reagan, as early as 1987. You have to understand that Trump critics such as Paul Krugman and Bill Clinton had actually worked for Ronald Reagan, years prior to 1987. Paul Krugman was officially in the White House, advising him how to fleece the little guys by setting a worldwide global plutocracy of outlaws. Now the outlaws are in power, and they have bought the Main Stream Media. Worldwide .

Bill Clinton helped Reagan set Iran-Contra (see  Arkansas governor Bill Clinton president George Bush CIA drugs for guns connection for crusty details).

Ironically Daniel Ortega, Reagan’s great enemy in Nicaragua,  was re-elected this weekend president of Nicaragua for the fourth time, with his own poetess multilingual wife as Vice President; Ortega just got 71% of the vote… and Washington based World Bank recognized that Ortega has done a good job reducing poverty! So Clinton and Reagan killed all these people for no good reason.

(Yes Ortega practices crony capitalism, as the Dems do in the US; but the difference is that the median income in Nicaragua has shot up, whereas in the USA, the median family income is down 5% from what it was under Bill Clinton.)

***

Voting Recommendations:

I vote for truth! Some will say it’s not on the ballot. Well, in California there are more than 12 propositions to vote on. Including: Outlawing the death penalty (I recommend yes), extending by twelve (12) years the supplementary taxes on wealthy income (I recommend yes), augmenting taxes on cigarettes (I recommend yes).

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How Come Victims Support Their Oppressors?

This is the eternal question when looking at history. But the answer is always the same: oppressors manipulate the victims’ minds (except for outright brutal military invasions like those of the Mongols, or France in May 1940, invaded by the Nazi army)

The obvious flaws in USA (and most of the West) are inequality, global plutocracy, the richest paying the less tax, mass crony capitalism, mass media lies. Clinton-Obama, following the initiative of Reagan, himself following Reagan, set it up.

To what John Michael Gartland commented: “I don’t think that I will ever live long enough to understand the fanatical devotion and level of irrational denial of their minions.”

Dear JMD: You have several types of minions. Those who are in for money, power, the REAL minions (in the etymological sense of Henri II’s court) who have a vested interest in it, that is all the Hollywood, celebrities, Crony Capitalists, wealthiest paying little tax, plutocrats made by the Deep State, etc. Those have interest, pecuniary interest and power interest in the Clinton-Obama world.

Then there are the multitudes who vote Clinton, and are in DENIAL. Then there are the multitudes who really believe Trump set-up the world as it is, because they have not been paying attention. They really believe that it is all the fault of the “Republicans” (when Dems were in full supermajority power in 2009, say; this is why some on the Internet went insane at that notion which I long exposed… in 2009, or even in an essay last week…)

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Why Are People So Idiotic? Media Propaganda.

Under the Soviets, the main newspaper was “Pravda” (“Truth”). It was full of lies. Now all the media in the West is under control.

It told the truth in 2009: I wrote in a comment to the New York Times that Obama lowered taxes a lot on richest incomes. The New York Times censored my comment. The. NYT recognized that was true only in 2016. Meanwhile, their readers were led to believe that Obama has brought taxes up on the rich (Obama did raise them a bit in 2012). Too many comments like that, and the NYT censored me totally (they don’t even bother to answer me anymore when I ask them why). I think that should be against the law, BTW (as the NYT has special prerogatives granted to it by the state, supposedly representing We The People).

Paul Krugman just accused Trump of anti-Judaism (by innuendo, Krugman did not produce any quotes). Paul Krugman is a an efficient propagandist of global plutocracy employed at White House under Reagan, while Trump raged against Reagan. At the White House, Reagan had put Krugman in charge of plutocratic globalization. So maybe we should call the “Clinton Initiative” the “Krugman Initiative”.

Says Krugman: “I had arranged for a leave from MIT and was on my way to Washington, to be the chief staffer for international economics at the Council of Economic Advisers.

It was, in a way, strange for me to be part of the Reagan Administration. I was then and still am an unabashed defender of the welfare state… I am also unable to pretend to respect “policy entrepreneurs”, the intellectually dishonest self-proclaimed experts who tell politicians what they want to hear. The Reagan Administration was, of course, full of people who hated the welfare state and had very little interest in the truth.”

Whatever. Power is power, some can’t resist the appeal of exerting power. Thus we end up, or rather, down, led into the abyss by the worst, those who are mostly motivated by power greed.

Paul Krugman became a professional, efficient propagandist of global plutocracy, singing the praises of trade. While Krugman was employed at White House under Reagan, Trump raged against Reagan about middle-income Americans being fleeced through international arrangements. Krugman got a Nobel for explaining scholastically that global trade was good. It’s good for global plutocrats (which pays the Nobel committee).

Trump kept raging against the system, sending millions to a succession of politicians who talked big about helping all (such as the Clintons).

Were Krugman and his ilk dishonest, or simply idiotic?  Paul Krugman, not a philosopher, behaved as if he did not suspect that global trade without global law would bring global plutocracy, world slavery, no more jobs in the West.

The median income in the USA is down 5% over what it was under Bill Clinton. Meanwhile the cost of quality health care and quality education has gone through the roof. So did real estate. Obama has been a disaster, but, because he is a “cool” guy, he is still wildly popular. Weirdly, whether Trump or Clinton, the president will be more up for the job. Obama is probably smarter than either, but he did not have either the temperament, nor the experience: he was too young when he became president. This being said, either Clinton, or Trump, will have a much more difficult situation… because the “cool” guy was so cool, he stayed below a rock for eight years, like a cool snake. 

With plutocracy owned Main Stream Media skewing the mood on all the financial-economic & social news & opinion, sanity can’t be regained. The Democrats found for themselves one of the world’s most corrupt family to lead the world again. Same old, same old, eight years after their financial conspiracies led to the world’s most spectacular financial crisis ever (the Great Depression went out of control when it was amplified as an economic-political crisis, starting July 1930). 

Oh, last but not least, Slavoj Zizek is viewed as a “Hegelian” Marxist philosopher. He said that he would vote for Trump. Zizek’s explanation:

“Hillary Clinton and Donald Trump. When Stalin was asked in the late 1920s which deviation is worse, the Rightist one or the Leftist one, he snapped back: They are both worse! Is it not the same with the choice American voters are confronting in the 2016 presidential elections? Trump is obviously “worse.” He enacts a decay of public morality. He promises a Rightist turn. But he at least promises a change. Hillary is “worse” since she makes changing nothing look desirable.

With such a choice, one should not lose ones nerve and chose the “worst,” which means change—even if is a dangerous change—because it opens up the space for a different more authentic change.

The point is thus not to vote for Trump—not only should one not vote for such a scum, one should not even participate in such elections. The point is to approach coldly the question: Whose victory is better for the fate of the radical emancipatory project, Clinton’s or Trump’s? Trump wants to make America great again, to which Obama responded that America already is great. But is it? “

Zizek rightly dismisses the analogies with Hitler, pointing out that the hierarchies and geology of power in the USA are very complex. I agree with much of what Zizek says, especially the iconoclastic aspect, although I know the situation better than he does, and I know that on some important points Trump is way left of Clinton. What we have is two rightist plutocrats fighting, one global, the other national. [I will comment Zizek more in the future, if I find time.]

Electing Trump is the best reward Obama’s plutocratic, corporate fascism rule deserves. That will fit even better than his Nobel prize. However, electing Clinton is the best reward her idiotic, fanatical supporters deserve. Plus, she is a woman (and we need a woman leader). Decisions, decisions

Patrice Ayme’

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Economy: Moods Are Changing

May 2, 2016

“TROUBLE” WITH EUROPE? WHY NOT THE US?

New York Nobel economists viewed from Europe, or the US, as “liberal”, or “leftist” do not like Europe, nor do they understand that the USA’s superior economic performance is just something the Clinton crowd likes to crow about. When one looks inside, and compares, ain’t pretty. Joseph Stiglitz: The Euro is the Problem (April 14, 2016) https://youtu.be/30xfMtJZ6iY  http://bit.ly/24k2oC2  #video #lecture.

No, the Euro is not the problem. Actually, Europe just smashed growth forecasts. The problem is that Europe is managed by people from Goldman-Sachs, or who wish to be employed by Goldman-Sachs, or who have a high opinion of Goldman-Sachs, or by people who take advice from people affected by the preceding disease. (As usual, I use here “Goldman-Sachs” as a shorthand for the malevolent, parasitic “money changers”, as Roosevelt and the Bible called them, based mostly in New York and London, with state machinery at their beck and call).

European Productivity, Especially In Franco-German Euro Zone, Has Long Been Higher Than In the USA. So The Scorn Of US Economists Should Consider This Important Fact

European Productivity, Especially In Franco-German Euro Zone, Has Long Been Higher Than In the USA. So The Scorn Of US Economists Should Consider This Important Fact

Question to Stiglitz: Do you think any of the groundwork has been laid to reduce that inequality going forward?

Stiglitz: “We’re in a little bit of better place, but not a lot better. It’s obviously better to have 5 percent unemployment than 10 percent unemployment. And there’s been the beginning of a housing recovery that has helped restore some of the wealth of ordinary Americans. But the damage that has been done is very deep and has persistent effects. The labor force participation rate of people in their 40s, 50s, is still lower than it’s been in decades. People who lost their jobs in 2008, didn’t get jobs in 2009, ‘10, ‘11, maybe aren’t likely to get a job ever. If they do, it’s not going to be anywhere near as good as their old job. There are many people for whom they lost their job at 50 or 55 and are unlikely to ever work again. The scar is permanent.

Another aspect of what I would say is the imperfect recovery, is that the marginalized groups remain marginalized. And while they’ve benefitted, the levels of unemployment are still very very high.”

http://www.theatlantic.com/business/archive/2016/04/stiglitz-inequality/…

Entirely right, Mr. Stiglitz. So why do American economists give lessons to Europeans? The US economy is chugging along at 2% per annum, rather less than Franco-Germania at this point. And it can be argued that the inflation of the US GDP is mostly asset inflation.

When Stiglitz obsesses about unemployment, it’s obviously neither here, nor there: Unemployment is not the end-all, be-all, of the wellbeing of a socioeconomy. Slaves, in all and any economy, tend to be fully employed.

In the San Francisco Bay Area, unemployment is only 3%. However, a one bedroom rents for $3,000 a month, and that’s more than half the median family income (pre-tax). So is that good, or is that hell? I want you to contemplate a twenty lanes freeway, all gridlocked, and the eight lanes overpasses above, too, if you approve, Stiglitz style. (Jam augment GDP!)

Meanwhile, Trump is going parabolic in California, because tolerating the intolerable has become intolerable. Only when tolerating the intolerable becomes intolerable do revolutions happen. Maybe Trump should pick up Sanders as running mate, ha ha ha.

Revolutions are the engine of evolution. They re-unite Homo with the natural ethology from which plutocracy had torn him from. To evolve again, for the better.

Another editorial from Krugman along the same half-wit lines as Stiglitz: “The Diabetic Economy”. Krugman: “LISBON — Things are terrible here in Portugal, but not quite as terrible as they were a couple of years ago. The same thing can be said about the European economy as a whole. That is, I guess, the good news.

The bad news is that eight years after what was supposed to be a temporary financial crisis, economic weakness just goes on and on, with no end in sight. And that’s something that should worry everyone, in Europe and beyond.

First, the positives: the euro area — the group of 19 countries that have adopted a common currency — posted decent growth in the first quarter. In fact, for once it was better than growth in the U.S.

Europe’s economy is, finally, slightly bigger than it was before the financial crisis, and unemployment has come down from more than 12 percent in 2013 to a bit over 10 percent.

But it’s telling that this is what passes for good news. We complain, rightly, about the slow pace of U.S. recovery — but our economy is already 10 percent bigger than it was pre-crisis, while our unemployment rate is back under 5 percent.

And there is, as I said, no end in sight to Europe’s chronic underperformance. Look at what financial markets are saying.”

Children such as Stiglitz and Krugman have great oracles, called “markets”, and they “look” at what they “say”. (Beats saying what they look like, any day!)

Krugman: “Responding to critics of easy money who denounce low rates as “artificial” — because economies shouldn’t need to keep rates this low — [A Fed Reserve Bank governor] suggested that we compare low interest rates to the insulin injections that diabetics must take.

Such injections aren’t part of a normal lifestyle, and may have bad side effects, but they’re necessary to manage the symptoms of a chronic disease.

In the case of Europe, the chronic disease is persistent weakness in spending, which gives the continent’s economy a persistent deflationary bias even when, like now, it’s having a relatively good few months. The insulin of cheap money helps fight that weakness, even if it doesn’t provide a cure.

But while monetary injections have helped to contain Europe’s woes — one shudders to think of how badly things might have gone without the leadership of Mario Draghi [ex-Partner Goldman-Sachs, Patrice Ayme nota bene], president of the European Central Bank — they haven’t produced anything that looks like a cure. In particular, despite the bank’s efforts, underlying inflation in Europe seems stuck far below the official target of 2 percent.

Meanwhile, unemployment in much of Europe, very much including my current location, is still at levels that are inflicting huge human, social and political damage.

It’s notable that in Spain, which these days is being touted as a success story, youth unemployment is still an incredible 45 percent…”

For once, Krugman gets it half right. Right for Germany, but not for France, which has discarded the Euro 3% deficit spending limit, and is going at an official, near-British like 4.5% (official):

“The thing is, it’s not hard to see what Europe should be doing to help cure its chronic disease. The case for more public spending, especially in Germany — but also in France, which is in much better fiscal shape than its own leaders seem to realize — is overwhelming.

There are large unmet needs for infrastructure and investors are essentially begging governments to take their money. Did I mention that the real 10-year interest rate, the rate on bonds that are protected from inflation, is minus 0.8 percent?

And there’s good reason to believe that spending more in Europe’s core would have big benefits for peripheral nations, too.

But doing the right thing seems to be politically out of the question. Far from showing any willingness to change course, German politicians are sniping constantly at the central bank, the only major European institution that seems to have a clue about what is going on.

Put it this way: Visiting Europe can make an American feel good about his own country.”

Why is Krugman feeling so good? Because the US is “producing” three times more GreenHouse Gases (GHG) as the French? Not a non-sequitur, or just a slap in the face: the US expansion, in the last six years as largely been driven by fracking for oil and gas.

***

Patrice’s Grain of Salt: MOODS THEY ARE CHANGING:

The “trouble” in Europe is not just economic. A new philosophy, a new mood, is taking over. Monetary spending, what GDP looks at, is increasingly looked at as a sin. In France, exchange and repair Internet sites are booming. People increasingly repair the devices they use, and recycle and, or, exchange them for others.

Another point, well-known, is that, to re-establish the economy, banks were given money, lots of money. But the bank driven economy comes short. If anything, banks are viewed as organized crime institutions. In other words, people have had enough of the way the economy is organized.

Who needs a car, when public transportation, or the occasional rental will solve the problem? Some car companies sell electric cars, yet, when people need to go on a family trip, they can get a fossil fuel driven machine, which goes much further. The end result is to lower demand. This is also the effect of increasing efficiency. Solar cells on a roof kill a lot of the old economy, the more efficient they get.

The economy serves the society, not vice versa. Moods have to change to incorporate more of the society. A recent example: two professors working at UC BErkeley (one of them French), invented a revolutionary method to cut DNA into desired pieces. They applied for a US Patent. The US PTO sat on it: indeed, what could two women invent? Six moths laterr, a macho team of males from MIT applied for the same patent, for the same invention. Ah, males, thus pillars of society, said Conventional Wisdom. The MIT gentlemen (or is that horsemen charging, Genghis Khan style?) were immediately granted the Patent.

A lot of the economy organized according to the old mood is just organized thievery, or crime. Giving twenty trillion of dollars to the very same banks and connected financial types who organized the 2008 crisis is organized mismanagement of the economy to replenish the criminals. It would have been more just to give the money to We The People directly, instead of giving it to our oppressors. Ah, but it could not be done, because conventional economics prevent it.

Conventional economy right now is little more that the instauration of a feudal order. Malia Obama, eldest daughter of president Obama, will enter Harvard University. There the peers of Stiglitz and Krugman will teach her of the rightful place of the haves, and why it is just that they own the world. And the fault of the have nots, that they do not.

Malia’s present school is “Sidwell Friends School“, a “very exclusive” (as it self-defines) school. Her sister attends it too. Tuition is a modest $40,000 a year. So the two girls, together, cost $80,000, just to enjoy the “very exclusive” position they earned in life. That’s a third higher than US family median income, pre-tax.

It cost significantly more to attend the school where great liberal economist Stiglitz preaches from (Columbia). American economists are right to trash Europe. After all, the European model is the enemy. Should it win, American economists would earn just a fraction of what they presently get.

Patrice Ayme’  

Voting Clinton Is Voting Trump

April 18, 2016

Why choosing Clinton as democratic candidate guarantees the election of Trump? There are two main reasons. The first is that Donald Trump is going to defeat Hillary Clinton. Trump, however, would be defeated by Bernie Sanders (and he knows it, hence the virulence of Trump’s attacks against Sanders).

Why would Trump defeat hillary Clinton? Just look at Hillary Clinton’s tax returns, if nothing else. In 2014, she made more than 24 million dollars, in 2015, more than twenty-seven millions. Who would not love to earn three million dollars more, from a year to the next? How did Hillary make this money? Through influence peddling, and the promise of more to come. By contrast, Bernie Sanders made less than 1% of what Clinton made.

Private (Including Corporate) Investment Versus Corporate Profits. Under Clinton-Obama-Establishment Rule, The Gap Between Monopoly Profits And Lack Of Investment In The Economy, Has Never Been So Wide. Can’t Accuse Bush, Reagan, and The Great bad Wolf Out There. The Wolf Has Been Obama’s Policy

Private (Including Corporate) Investment Versus Corporate Profits. Under Clinton-Obama-Establishment Rule, The Gap Between Monopoly Profits And Lack Of Investment In The Economy, Has Never Been So Wide. Can’t Accuse Bush, Reagan, and The Great bad Wolf Out There. The Wolf Has Been Obama’s Policy

Some will say Trump makes more than Clinton. Yes, but it’s the nature of their jobs, which differ. Donald Trump is going to accuse Clinton of corruption. Because that’s all what her immense fortune is about. When asked why he lived so modestly, ex-President Truman pointed out that, doing otherwise, using influence peddling, “would demean the office of the presidency”. And Truman was no shrinking violet: among other things, he dropped the bombs on Hiroshima and Nagasaki (shortening considerably, by a psycho-political shock effect, a war that killed much more than 10,000 persons a day).

Trump also has favored single-payer, and, or, socialized medicine, in many declarations, for decades. He extolled the Canadian (single-payer) or Scottish (socialized) systems in the past, Hillary has declared that the richest country in the world could not afford either (differently from all other rich countries, and many, not so rich).

So Trump is going to run to the LEFT of Hillary. This is all the clearer as Trump declared, also many times that his friends in the financial industry should pay taxes at the same rate as anybody else (in particular Trump accused his friends, the hedge fund managers New York is crawling with, of getting an unfair break with “carried interest”).

Hillary, like Ted Cruz, is financed by the likes of Goldman-Sachs.

At this point, Trump is running fully on the right against the Goldman Sachs puppet who says things won’t be right “until the body of Christ rises agian”. I said in December Cruz was the true candidate of the plutocrats, and, indeed, here we are.

I used to consider, very long ago, Trump as the poster boy of what was wrong with the US banking system (long story). However, in the meantime, the Clintons got to power, and unleash the banks onto the world. The Clintons made finance so domineering that “Shadow Banks” sprouted all over.

And what of Obama, in all this. Paul Krugman himself, a strident Hillary partisan, admits, in his latest editorial, that Obama increased the powers of monopoly (in a similar vein, the New York Times admitted that Obama lowered the tax rates of the 400 richest US taxpayers by 20%, in 2009. Ironically, when I used to notice that, as it happened, I was taxed with racism, and the NYT censored my comments; this mentality of censorship of an inconvenient reality explains why said inconvenience was allowed to grow).

***

Anxious To Please Progressives, Krugman Suddenly Gets It:

In “Robber Baron Recession”, the hard core Hillary supporter opines that:

“ In recent years many economists, including people like Larry Summers and yours truly, have come to the conclusion that growing monopoly power is a big problem for the U.S. economy — and not just because it raises profits at the expense of wages. Verizon-type stories, in which lack of competition reduces the incentive to invest, may contribute to persistent economic weakness.

The argument begins with a seeming paradox about overall corporate behavior. You see, profits are at near-record highs, thanks to a substantial decline in the percentage of G.D.P. going to workers. You might think that these high profits imply high rates of return to investment. But corporations themselves clearly don’t see it that way: their investment in plant, equipment, and technology (as opposed to mergers and acquisitions) hasn’t taken off, even though they can raise money, whether by issuing bonds or by selling stocks, more cheaply than ever before.

How can this paradox be resolved? Well, suppose that those high corporate profits don’t represent returns on investment, but instead mainly reflect growing monopoly power. In that case many corporations would be in the position I just described: able to milk their businesses for cash, but with little reason to spend money on expanding capacity or improving service. The result would be what we see: an economy with high profits but low investment, even in the face of very low interest rates and high stock prices.”

I have, of course been saying this for years. I even saw in the root phenomenon of all this, the plutocratic phenomenon, the cause of the Fall of The Roman Republic, and thus, ultimately, of the Roman Empire.

Basically elites profit from the established order, and thus work against changing it, at all cost. Technology itself is disruptive (and, a fortiori, science), so they are limited as much as possible (while claiming to not being doing so).

So, in 2014, Paul Krugman wrote that growing importance of monopoly rents is producing a disconnect between profits and production. Is that new? No. Actually the word “rentier” was the number one class distinction in Nineteenth Century France. There was the “rentier” class, and the “working class”.

What we have here, though, is rentier monopolies. So the extent of the phenomenon is new.

Krugman:

“And such an economy wouldn’t just be one in which workers don’t share the benefits of rising productivity; it would also tend to have trouble achieving or sustaining full employment.”

What Krugman should have said here was: “quality employment”. There is plenty of employment in the USA, as there are in many a slave society. There USED to be quality employment.

Krugman: “… when investment is weak despite low interest rates, the Federal Reserve will too often find its efforts to fight recessions coming up short. So lack of competition can contribute to “secular stagnation” — that awkwardly-named but serious condition in which an economy tends to be depressed much or even most of the time, feeling prosperous only when spending is boosted by unsustainable asset or credit bubbles. If that sounds to you like the story of the U.S. economy since the 1990s, join the club.”

There are, then, good reasons to believe that reduced competition and increased monopoly power are very bad for the economy. But do we have direct evidence that such a decline in competition has actually happened? Yes, say a number of recent studies, including one just released by the White House. For example, in many industries the combined market share of the top four firms, a traditional measure used in many antitrust studies, has gone up over time.

The obvious next question is why competition has declined. The answer can be summed up in two words: Ronald Reagan.

For Reagan didn’t just cut taxes and deregulate banks; his administration also turned sharply away from the longstanding U.S. tradition of reining in companies that become too dominant in their industries. A new doctrine, emphasizing the supposed efficiency gains from corporate consolidation, led to what those who have studied the issue often describe as the virtual end of antitrust enforcement.”

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Krugman Then Dropped A Bombshell: Bad Obama

Obama, if anything, made monopoly powers greater than ever. A deer in the headlights is the charitable explanation. Here is Krugman again, suddenly coming over to the side of those who want justice, and wealth for all:

“… the Obama administration — preoccupied with the aftermath of financial crisis and the struggle with bitterly hostile Republicans — has only recently been in a position to grapple with competition policy.

Still, better late than never. On Friday the White House issued an executive order directing federal agencies to use whatever authority they have to “promote competition.” What this means in practice isn’t clear, at least to me. But it may mark a turning point in governing philosophy, which could have large consequences if Democrats hold the presidency.

For we aren’t just living in a second Gilded Age, we’re also living in a second robber baron era.”

So Obama was the Robber Baron-In-Chief, I presume? (I am very sorry… Barry, please, tell us it ain’t so…)

***

Brazil’s Standards Higher Than The US For Corruption?

The president of Brazil, Dilma Rousseff, has been impeached. The charge? Not personal enrichment, but cheating with the numbers of the Brazilian economy when she ran again for office (and was re-elected president). Hillary Clinton is an even bigger cheater, in the category of lying with the numbers of the government. But nobody knows about it, because nobody has called her lies.

Hillary, following Obama, pretends that the banks reimbursed 800 billions of TARP money. That’s technically correct. But a lie nevertheless. The Treasury was reimbursed TARP, modulo a Quantitative Easing program of many trillions which dwarfed TARP.  The Federal Reserve, another branch of government, bought Treasury Bonds, and Mortgage Securities from the banks at inflated prices (that what QE is).

Rousseff did not profit materially personally (whereas many of her accusers, about half of them, are under judicial examination for corruption!) The Clintons did, tremendously profit from the institutions they unleashed on the world.

The preceding reasonings are not too difficult: even New York democrats should be able to follow them, and even discover them, on their own.

Conclusion? All too many well-to-do New York democrats secretly, subconsciously, want to have Trump elected president.

And what is the “candidacy” most supported financially so far in these elections? Arguably the anti-Trump campaign paid by nominal Republican “PACs”’. Indeed, the Obama administration gave oodles of public money to plutocrats (in direct gifts, or taxes not perceived, or monopolies powers encouraged). Those plutocrats at the government teat want to keep it that way: that’s why their candidate is Clinton, not Trump (Cruz would be even better, because he is only a multimillionaire; not at the head of a 200 million dollar fortune as the Clintons are).

Trump has a long track record of suing the government, thus a rather adverse relationship with said government. And, whereas the likes of Elon Musk, Sergey Brin, Bill Gates, etc. can buy simple multimillionaires, they cannot buy a multibillionaire financed by real estate such as Trump. So they detest him, and this is why the anti-Trump movement is the most financed.

I worked for Obama two years before his first election. I recognize (now!) it would have been smarter to have Clinton as president, first, before Obama (Obama was promising, but proved too naïve). I recommended Clinton for Secretary of State. I recognize it is high time to have a woman president. I even appreciate many of Hillary’s smarts, and of her neocon ways.

However, it’s disturbing to see so many democrats have embraced obsessively sheer plutocratic propaganda, against Trump, or against Sanders. Indeed, crafty propaganda accusing Trump to be a “demagogue” or “populist” has been used to smear Sanders, in the guise of smearing Trump.

So here we are: New York democrats have a real choice. If they vote Sanders, they vote for the needed revolution (at least, the revolution in perception which has to precede the revolution in legislation). If New York democrats vote for Clinton, they vote for New Pork.

Patrice Ayme’

US Plutocrats: Delaware, Not Panama

April 8, 2016

I long said that the USA was the world’s number one tax haven, followed by Great Britain. And this is exactly why these two countries are the seat of global plutocracy. (London boasts that it is the world’s number one financial place, ahead of New York.) The New York Times in “Need to Hide Some Income? You Don’t Have to Go to Panama”, April 8, 2016:

“For wealthy Americans looking to veil their assets and shield some of their income from taxation, there is no need to go to Panama or any other offshore tax haven. It’s easy to establish a shell corporation right here at home.

“In Wyoming, Nevada and Delaware, it’s possible to create these shell corporations with virtually no questions asked,” said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy, a nonprofit research organization in Washington.

In some places, it can be more difficult to get a fishing license than to register a shell company. And it doesn’t cost much more.”

Delaware Is The World’s Pluto Center. 285,000 Companies Are Registered In That Delaware Building Alone.

Delaware Is The World’s Pluto Center. 285,000 Companies Are Registered In That Delaware Building Alone.

Delaware allows companies to shift the seat of their business and their profits to Delaware, where, conveniently, there is no tax.

Speaking of the Panama Papers, “This is just one firm [Panamanian Mossack Fonseca law firm] in one place,” said Gabriel Zucman, an economist and the author of “The Hidden Wealth of Nations: The Scourge of Tax Havens,” “So it cannot be representative of what’s happening as a whole in the world.”

“But Mr. Zucman, who estimates that about 8 percent of the world’s financial wealth — more than $7.6 trillion — is hidden in offshore accounts, said another reason was that it is so simple to create anonymous shell companies within the United States.

Wealthy individuals and businesses that want to mask their ownership can conveniently do so in the United States, and then stash those assets abroad.

Yet while the United States demands that financial institutions in other countries share information about Americans with accounts overseas, its reciprocation efforts fall short, critics say.

“You see a ton of wealth in tax havens in Switzerland and the Cayman Islands that is owned by shell companies that are incorporated in Panama or in Delaware,” he said. “The bulk of this wealth does not seem to be duly declared on tax returns.”

The Institute on Taxation and Economic Policy in “Delaware: An Onshore Tax Haven” observed that the state’s obscurity, combining with a loophole in its tax code “makes it a magnet for people looking to create anonymous shell companies, which individuals and corporations can use to evade an inestimable amount in federal and foreign taxes.”

***

Not to think the New York Times is going against the branch on which it sits, plutocracy. The preceding extracts were hidden away from the electronic front page. What we found on the front page was Krugman going all-out against Bernie Sanders in Sanders Over The Edge.

A good way to say bad things is to sound reasonable’ Krugman excels at that:

“…most liberal policy wonks were skeptical about Bernie Sanders. On many major issues — including the signature issues of his campaign, especially financial reform — he seemed to go for easy slogans over hard thinking. And his political theory of change, his waving away of limits, seemed utterly unrealistic.

Some Sanders supporters responded angrily when these concerns were raised, immediately accusing anyone expressing doubts about their hero of being corrupt if not actually criminal. But intolerance and cultishness from some of a candidate’s supporters are one thing; what about the candidate himself?

Unfortunately, in the past few days the answer has become all too clear: Mr. Sanders is starting to sound like his worst followers. Bernie is becoming a Bernie Bro.

Let me illustrate the point about issues by talking about bank reform.

The easy slogan here is “Break up the big banks.” It’s obvious why this slogan is appealing from a political point of view: Wall Street supplies an excellent cast of villains. But were big banks really at the heart of the financial crisis, and would breaking them up protect us from future crises?”

Actually Krugman is a specialist of trade, not banks. Bank specialists like Simon Johnson, have called for the break-up of the 21 biggest banks (which are recognized as special by the present US government).

Krugman detests Sanders saying Hillary has no clothes:

“It’s one thing for the Sanders campaign to point to Hillary Clinton’s Wall Street connections, which are real, although the question should be whether they have distorted her positions… But recent attacks on Mrs. Clinton as a tool of the fossil fuel industry are just plain dishonest, and speak of a campaign that has lost its ethical moorings.

And then there was Wednesday’s rant about how Mrs. Clinton is not “qualified” to be president.

What probably set that off was a recent interview of Mr. Sanders by The Daily News, in which he repeatedly seemed unable to respond when pressed to go beyond his usual slogans. Mrs. Clinton, asked about that interview, was careful in her choice of words, suggesting that “he hadn’t done his homework.”

But Mr. Sanders wasn’t careful at all, declaring that what he considers Mrs. Clinton’s past sins, including her support for trade agreements and her vote to authorize the Iraq war — for which she has apologized — make her totally unfit for office.”

Speaking of exhibiting extremely deep, vicious dishonesty, I sent the following comment, it was censored:

It was obvious, during the ramp-up to the Iraq war that the top leaders of the USA had lost their mental balance. The United Nations did not believe their lies and refused to give them an authorization to attack Iraq. Bush attacked, without a UN Security Council authorization, because he was supported by New York Senator Clinton. The invasion of Iraq by the US caused millions of people to die or being wounded. It brought the Islamist State.

Those who engineered this debacle should have been prosecuted for crimes against humanity. Suggesting they are decent, because they apologize, is to deny civilization has merit. Proposing to be led by them again is proposing to learn nothing from the past.

Specialists of banks long suggested to break big banks and big shadow banks (Simon Johnson, 2009). This is not a revolutionary proposition. Teddy Roosevelt broke big oil. When President Franklin Roosevelt came to power, he closed all the banks. That was much more revolutionary.

Global trade treaties enabled giant corporations to extend their monopolies to the entire world. This way, they escape local legislation. An example is the “Double Irish” Apple Inc. and many other corporations use. The CEO of Apple admitted that two-third of the profits of Apple were not taxed.

End of my comment. Krugman never mentions subjects such as the preceding with the angle I use. In his world, big banks, big trade, big bucks, etc. are absolute big goods.

Hillary is his “sis”, with a bit of luck, she will be grateful, and make him big something, some more. Heathens such as me, with their strident Clintonophobia, have no doubt “not done our homework” because, like Sanders, we are just reprobate school children of no intellectual merit.

Try not paying taxes, as big fishes do, if you are a little guy. You will be sent to jail, anywhere in the West. Plutocracy central? You bet!

Another, completely innocuous comment of mine to Krugman later in the day was also censored. Krugman’s post was entitled “Why Cruz is worse than Trump“. Exactly what I have been saying for five months. I guess the dear professor noble Nobel whatever, is not too keen to expose where he gets (some of) his inspiration from. These are sad, nervous days, for those who love plutocracy, the old fashion way.

Nine 5 Star Hotels In Bariloche, Argentina, & Golf Courses To Receive Obama & His Secret Service, In Style, Next Year

Nine 5 Star Hotels In Bariloche, Argentina, & Golf Courses To Receive Obama & His Secret Service, In Style, Next Year

In “USA Financial Extortion“, the essay linked to at the beginning of this essay, I pointed out the connivance between New York “Justice” and financial “Vulture Funds”. Meanwhile, the son and scion of one of the richest persons in Argentina was duly elected president, and Obama rushed to celebrate him, after 15 years of cruel, demented, anti-Krugman, anti-financial plutocracy rule in Argentina. That new Argentinian plutocrat and president is called Macri. He is a dancer. It turns out he was the name on shell companies in several places of the Anglo-Saxon plutocratic empire (such as the Bahamas). That was just revealed in the Panama Papers. Never mind.

Macri, as president, reduced the arrogant financial demands of the lower classes in Argentina: he needs all the money in the world, to pay his Vulture Fund friends in New York, whom Obama serves so well. So brand new president Macri threw more than one million people in poverty, by gutting their allowances: more than 2.5% of the total population of Argentina. Such is the way of the admirers of Reagan: make the rich richer, and the economy will reward you (thus, when Obama came to power, he saw the economy and its big banks were sick: so he gave all the money in the world to the big banks, and reduced the tax rates of the hyper rich by 20%, and now you can see the economy is right).

In any case, throwing more than a million to the poor house is glorious: not bad in a few weeks of assuredly very presidential work. Maybe Macri’s dad can propose newly retired super star noble Nobel Obama some 5 star stay in Bariloche, next year? Just an idea. What are friends for, among the world’s rulers, if not grateful?

Patrice Ayme’

Global Trade Outlaws Rule

March 9, 2016

FREE TRADE IS NEITHER FREE, NOR A TRADE

Sanders’ surprise victory in Michigan, a big industrial state, is attributed to his attacks against so-called “free” trade (Clinton has never seen a “free” trade treaty she did not love). Ditto for Donald Trump’s victory in the same state (Trump has proposed a 45% tax on Chinese imports). Polls show angry white males and the young (for Sanders) are voting against the system which brought to them the globalization of pauperization. Rightly so.

Let me provide more needed theory:

As it is, globalization means plutocratization.

First, globalization without redistribution implies plutocratization. (As Paul Krugman asserts.)

Second, globalization of trade without globalization of law amounts to trade without law. Thus, organizations, corporations and plutocrats presently engaged in global trade are, technically, out-laws.

Third the immense fortunes gathered by the trade outlaws have enabled them, in turn to pay well their servants in politics and national administration to further the very out-lawfulness which has made them prospered.

Fourth, under the Clintons in the 1990s, the Banking Act of 1933 was replaced by financial deregulation, which spread worldwide, making financiers masters of world trade.

Real Family Income Is Going Down. Real = Including CPI. If One Included Real Costs Beyond The CPI, The Real Income Would Collapse Even More. If I had Put On This Graph GDP or Trade, Both Of These Curves Would Be Shooting Up

Real Family Income Is Going Down. Real = Including CPI. If One Included Real Costs Beyond The CPI, The Real Income Would Collapse Even More. If I had Put On This Graph GDP or Trade, Both Of These Curves Would Be Shooting Up

One of my commenters and friends told me that it is president Carter, a democrat, who had started the degeneracy we presently enjoy. I was surprised, and initially denied. However, I looked and various graphs, and, to my dismay, he turned out to be right. As I learn more about what happened, I will integrate it in my discourse (Carter, of course, attacked, secretly, Afghanistan on July 3, 1979, so he was not highly considered here; but now he is heading evwen lower!)

In other words, we are engaged in a nonlinear process: the global trade outlaws are getting ever more powerful, and, the more powerful they get, the more they advance their plots and breathing together (con-spirare, conspiracies),

Meanwhile, We The People, are getting ever more destitute (the CPI, the Consumer Price Index, does not include LIFE ESSENTIALS such as education, health care, retirement).

Let me give you an example of the degeneracy of US society: I had an insurance agent for two decades, who worked at one of the most prestigious insurance companies in the USA. Last Spring he got sick. Although a well paid professional, he did not get health care in a timely manner. So he died of pneumonia. He was in his forties (basically the age when one gets sick the less). I know dozens of similar stories. Meanwhile, US healthcare is 50% more expensive, per head, than health care in the most performing healthcare systems in the world.

What does that have to do with the globalization of trade? Massive globalization led to massive plutocratization, and that, in turn, led to US politicians and civil servants doing exactly what plutocrats and their corporations wanted them to do (so that politicians and civil servant would make their future income up, as the good agents of plutocracy whom they are).

 Then the one who led us for 40 years, the one who makes more than 200,000 dollars in an hour, giving secret talks to financiers, claims to represent We The People. We The People are earning 10,000 times less (2,000 x 4.5) than she does, per hour. How can she represent, or even understand, us? Is that realistic? No wonder some of us want to protect themselves.

Paul Krugman, the architect, under president Ronald Reagan of “free” trade, presents as self obvious that Sanders’ program is “unrealistic”. Says Krugman: “The Sanders win defied all the polls, and nobody really knows why. But a widespread guess is that his attacks on trade agreements resonated with a broader audience than his attacks on Wall Street; and this message was especially powerful in Michigan, the former auto superpower. And while I hate attempts to claim symmetry between the parties — Trump is trying to become America’s Mussolini, Sanders at worst America’s Michael Foot — Trump has been tilling some of the same ground. So here’s the question: is the backlash against globalization finally getting real political traction?”

Well, I tell you why, Paul: We The People are getting tired of ‘the conscience of a liberal” who got to work engineering Ronald Reagan’s sinister plot to claim that giving to the rich was the best way to give to the poor. Krugie boy is on his best defending his position at the altar of “power”:

Paul Krugman: “The truth is that if Sanders were to make it to the White House, he would find it very hard to do anything much about globalization — not because it’s technically or economically impossible, but because the moment he looked into actually tearing up existing trade agreements the diplomatic, foreign-policy costs would be overwhelmingly obvious. In this, as in many other things, Sanders currently benefits from the luxury of irresponsibility: he’s never been anywhere close to the levers of power, so he could take principled-sounding but arguably feckless stances in a way that Clinton couldn’t and can’t.” 

That’s obviously a ridiculous thing to say: the USA has basically to get accord from just one power, the French Republic, which is all for putting the brakes on soul-less globalization (always has been, for about a century, whether governments are from the so-called right, or left). Then, automatically Germany, Italy and Spain (with, or without a government), will follow. Tax cheats such as Great Britain, Belgium and the Netherlands are going to increasingly feel the whip, and better shut up. (A few days ago, France told Britain that she would open the refugee gates, if Britain left the EU. So Britain is going to have to face unexpected costs, in all ways.)

The World  Trade Organization, prodded by France, already announced that a carbon tax, imposed worldwide, was NOT in violation of WTO rules. So one can start with that, on day one. See what it does for the price of Chinese steel and Chinese solar panels.

In all justice to Krugman, he finishes this way: …”the elite case for ever-freer trade is largely a scam, which voters probably sense even if they don’t know exactly what form it’s taking.

Ripping up the trade agreements we already have would, again, be a mess, and I would say that Sanders is engaged in a bit of a scam himself in even hinting that he could do such a thing. Trump might actually do it, but only as part of a reign of destruction on many fronts.

But it is fair to say that the case for more trade agreements — including TPP, which hasn’t happened yet — is very, very weak. And if a progressive makes it to the White House, she should devote no political capital whatsoever to such things.”

It is a huge “if”. I would be astounded if Clinton made it to the presidency.

After decades of increasingly corrupt, venal, lying politicians whose idea of policy is to do what the world’s richest corporations and their plutocrats want them to do, what could be worse?

Having someone reigning again who got paid a fortune repeatedly for plotting in secret talks with financiers what would be the next move to enrich that elite? Under Bill Clinton, the Banking Act of 1933 was destroyed, bringing the reign of unrestrained finance. Moreover global trade treaties got signed, which allow corporations and their corporations to escape taxation and legislation. How electing Trump or Sanders could make it worse?

When Clinton was asked why she accepted so much money from Goldman Sachs, for so little “work”she replied: “I guess that’s their rate!” She refused to release any transcript to the flood of talks she gave to financial conspirators and outlaws. And you know what? Thanks to the stubborn work of individuals such as yours truly, this sort of rotten mentality is now exposed, and nobody wants to be led by it anymore. Not even the people supporting Ted Cruz.

Paul Krugman’s dream of another cabinet job, 35 years after the one he enjoyed with his boss, Reagan, is fading away…

Patrice Ayme’

“Democrats”, Plutocrats, & Plutophiles

January 31, 2016

Clearly, we are not in democracy. The Clintons made more than one hundred million dollars out of politics, just telling (financial) plutocrats that they deliver, and can deliver even more, again. Indeed, the Clinton gave financial plutocrats… the world. (With the help of Bushama since.) The official American  “left” is presently ready to select those world famous corrupt politicians as their leaders. (That does not mean I prefer Ted Cruz to Clinton; not at all, just the opposite. I stay faithful to the Lesser Evil Principle.)

“Socialist” Senator Sanders is running close behind plutocrat Clinton in Iowa, first state to vote, tomorrow. Some people may object that Clinton is no plutocrat, because her fortune is not yet in the billions, and only multi-billionaire qualify as plutocrats. That lack of imagination arises from a very narrow, low dimensional, naïve, obsolete, culprit definition of what “plutocrat” is.

Is There Anyone In The World More Officially Corrupt For All To See Than The Clintons? Give Me The Name! I Want To Know! Is That Stench The Best "Democrats" Can Do? These Are Serious Questions.

Is There Anyone In The World More Officially Corrupt For All To See Than The Clintons? Give Me The Name! I Want To Know! Is That Stench The Best “Democrats” Can Do? These Are Serious Questions.

In truth lots of money provides with lots of power. It is this power on others which is intrinsically evil, intrinsically corrupting. Clinton has it, and she proved it aplenty since she controlled the White House.

Rants of the .1%, and their clients to explain why being ruled by the Clintons is best, are all over. The plutophile New York Times included. In “Plutocrats and Prejudice”, the excellent professor and Ubermensch Krugman claims, with Hillary, that there is a multidimensional causality of evil: racism, sexism, etc. play a role. They have to be fought. And if that leaves no time to fight big money exclusively, claims Paul Krugman, that’s only “realistic”. He denounces the “naive” Sanders and his supporters:

Krugman: “Like many people, I’ve described the competition between Hillary Clinton and Bernie Sanders as an argument between competing theories of change, which it is. But underlying that argument is a deeper dispute about what’s wrong with America, what brought us to the state we’re in.

To oversimplify a bit — but only, I think, a bit — the Sanders view is that money is the root of all evil. Or more specifically, the corrupting influence of big money, of the 1 percent and the corporate elite, is the overarching source of the political ugliness we see all around us.

The Clinton view, on the other hand, seems to be that money is the root of some evil, maybe a lot of evil, but it isn’t the whole story. Instead, racism, sexism and other forms of prejudice are powerful forces in their own right. This may not seem like a very big difference — both candidates oppose prejudice, both want to reduce economic inequality. But it matters for political strategy.

As you might guess, I’m on the many-evils side of this debate. Oligarchy is a very real issue, and I was writing about the damaging rise of the 1 percent back when many of today’s Sanders supporters were in elementary school.”

Krugman can write all he wants, he did, and acted, differently. In 1980, Ronald Reagan was viewed as an extreme rightist (now he is viewed nearly as a leftist!). Paul Krugman went to serve Ronald then-an-extreme-rightist. At the time, Reagan’s economic theory was “trickle down”: make the rich richer, they in turn, will enrich the 99%.

Instead, what happened is that now the .1% are the only people the president of the USA listens to, and worries about. And so it has become around the world, in consequence.

Krugman was always a little Hillary, no wonder they like each other: splurging at the trough of big money and big oligarchic power, while talking, and posturing left. Actually, Krugman was a predecessor: he was helping Reagan, before Bill Clinton helped Ronald Reagan with Iran Contra (a complex conspiracy to sell weapons to Iran secretly and illegally, and using the profits to finance a guerilla in Central America). Governor Bill Clinton provided Reagan with Mena airport in Arkansas. Planes full of CIA employees brought weapons to Nicaragua, came back with drugs. One was shot down over Nicaragua, another crashed in Arkansas. (Thanks to sufficient assassinations, not too many people are minding the subject anymore.)

As Krugman was economic adviser to Reagan inside the White House, he was obviously co-responsible with “Trickle-Down”. So we see history demonstrates that Krugman-Reagan-Clinton-Trickle-Down-Cult of the .1% is all the same universe. The roots of G. W. Bush: then W. Bush was just a playboy making money thanks to his bin Laden connections and the like. (Ex) president Bush and (the brother of Osama) Bin Laden met in New York, on 9/10/2001, the day before 9/11.

OK, ready for another bout of disinformation? Krugman: “But it’s important to understand how America’s oligarchs got so powerful.

For they didn’t get there just by buying influence (which is not to deny that there’s a lot of influence-buying out there). Crucially, the rise of the American hard right was the rise of a coalition, an alliance between an elite seeking low taxes and deregulation and a base of voters motivated by fears of social change and, above all, by hostility toward you-know-who.”

So here Krugman is claiming that it is racism against Obama which made people vote to the right, and that this caused plutocracy. No, lies, lies, lies.

Clinton deregulating finance, destroying FDR’s work was the main engine of today’s plutocracy. (And I don’t like FDR, but I recognize what was, because that’s what is.) Even under Obama, the supposed victim of racism, tax rates on the 400 richest went down 20%. So clearly it’s rich democratic politicians who passed laws favorable to plutocrats.

Krugman:  “Yes, there was a concerted, successful effort by billionaires to push America to the right. That’s not conspiracy theorizing; it’s just history, documented at length in Jane Mayer’s eye-opening new book “Dark Money.” But that effort wouldn’t have gotten nearly as far as it has without the political aftermath of the Civil Rights Act, and the resulting flip of Southern white voters to the G.O.P.

Until recently you could argue that whatever the motivations of conservative voters, the oligarchs remained firmly in control. Racial dog whistles, demagogy on abortion and so on would be rolled out during election years, then put back into storage while the Republican Party focused on its real business of enabling shadow banking and cutting top tax rates.”

Disinformation again: the flip in question, while real, does not explain the rise of plutocracy, which mostly went ballistic under the rule of Clinton-Goldman-Sachs.

At a time when the biosphere is faced with extinction, the sort of dance the Clintons and Obama did, with Bush laughing in the middle, goes nowhere: the middle class has not progressed in the last 25 years. The Clintons freed the financial sector and its “money changers” (FDR) and now those dragons of the apocalypse roam the world.

A bushel of wheat is bought and sold 2,000 times (two thousand) between the Middle West and Africa. That’s fine with Clinton, let her have one to one dinner with the head of Goldman-Sachs again: her husband did what Goldman-Sachs’ Rubin told him to do. How melts, and wheat is bought and sold, to infinity?

Krugman persists. In “Pre-Iowa Notes“, he claims that:

“For those who were joyful and uplifted on inauguration day 2009, the years that followed have been a vast letdown: American politics got even uglier, policy progress always fell short of dreams. Now comes Sanders…. some people really want to hear that message, and don’t want to hear that they’re being unrealistic.

But there’s something else, which I keep encountering, and which I’m sure I’m not the only one to notice: even among progressives, the two-decade-plus smear campaign against the Clintons has had its effect. I keep being told about terrible things the Clintons did that never actually happened, but were carefully fomented right-wing legends — except I’m hearing them from people on the left.”

Krugman is smearing us by claiming we are smearing the Clintons. He is also disinforming us. Well the Clintons, or at least Bill Clinton, gutted the “Banking Act of 1933” (“Glass-Steagall”). When Hillary gets 675,000 dollars from Goldman Sachs for speaking a few hours, what’s the difference between that and a bribe?

There Are Countless Pictures Of Hillary Clinton Apparently In Love With The Chair Of Goldman-Sachs (Left)

There Are Countless Pictures Of Hillary Clinton Apparently In Love With The Chair Of Goldman-Sachs (Left)

I am not exaggerating: I have dozens of these. What’s going on guys? Bernie Sanders has raised concerns over the $675,000 she made from Goldman Sachs. Asked if she would release the content of her speeches to Goldman Sachs, Hillary just laugh with her fabulous goat laughter.

In 2011, Chelsea Clinton, then a 31 year old graduate student, was installed on the corporate board of Barry Diller’s Internet media holding company. When she was barely twenty years old, she was made a “hedge fund manager” by other family friends. Undoubtedly, for her outstanding talent in financial matters, and vast experience in media management. Chelsea then got an annual salary of 600,000 dollars from NBC (as a “special correspondent“). She is a high multimillionaire in her own right, and now an “investment banker”. Chelsea recognizes a personal net worth of 15 million dollars (1916). We should all become “investment bankers”, and then become presidents and get the Nobel Prize, for whatever.

[Mr.Diller is Chairman and Senior Executive of IAC/InterActiveCorp and Expedia, Inc. and the media executive responsible for the creation of Fox Broadcasting Company and USA Broadcasting. He stands number 268 on Forbes 400 list with a net worth of $ 2.3 Billion. Obama reduced the tax rate of the Forbes 400 by 20% in his first term, no doubt because they suffered a lot in the 2008 crisis they had set-up.]

During These Sumptuous Dinners, The .1% and Their Leading Plutocrats Can Plot In Public. Breathing Together, That's What "Conspiring" Means

During These Sumptuous Dinners, The .1% and Their Leading Plutocrats Can Plot In Public. Breathing Together, That’s What “Conspiring” Means

[Hillary and the Chair of Goldman-Sachs, again!]

Asked by the Des Moines Register on Thursday if she regretted to make money from speaking to plutocrats, Clinton compared herself to President Barack Obama, noting that significant campaign donations from Wall Street did not stop him from passing the Dodd-Frank reform law. Disinformation again: this “reform” is much weaker than the Banking Act of 1933 which the Clintons demolished. The Obama administration went easy on Wall Street by refusing to criminally prosecute the major financial institutions responsible for the 2008 economic crisis, or laundering drug money, or financing terrorist networks, etc.

The two Clintons made speaking fees totaling over $125 million since 2001. Obviously payments for services rendered. Maybe payments for future services.

Not to say Hillary Clinton is monolithic. Maybe that’s why she sent classified information over non official channels (a crime). Maybe she knew she was an evil which cannot be stopped, but by devious means. Her ambition, she knew, could not be stopped, nor her greed. But, deep down, in the greatest depths of her soul, twinges of remorse and decency wanted her stopped. So they flattered the brazen side of her who wanted to flaunt her power, and suggested she use her email for top secrets.

Democracy the way we are supposed to enjoy it, is just one letter away from demoncracy. Clearly, to feel that those, the Clintons, following directions from the CEO of Goldman Sachs (Robert Rubin) who destroyed president Franklin Delano Roosevelt’s work to limit financial plutocracy, are best to lead the nation, means the present “Democratic” Party is way right. Way, way right. The Roosevelt family (Teddy and FDR, whom he helped bring up) was itself one of the oldest plutocratic family in the USA. So the plutocrats of the 1930s are now viewed as dangerous leftists.

The first American billionaire and financial plutocrat, Carnegie was for a tax on income of at least 50% and punishing inheritance tax. Why? To help the state, which makes entrepreneurship possible, and to prevent heirs, those no-good people to have too much power (I am paraphrasing). Now, no-good people are running for an encore, and We The People who-know-nothing are applauding the ever more amazing ascent of those who gave us the chop.

Patrice Ayme’

Record Heat 2015, Obama Cool

January 25, 2016

2014 was the warmest year ever recorded. 2015 was even warmer, and by far, by .16 degrees centigrade. The UK (Great Britain) meteorological office announced that the temperature rise is now a full degree C above the pre-industrial average. At this annual rate of increase, we will get to two degrees within six years (as I have predicted was a strong possibility).

What’s going on? Exponentiation. Just as wealth grows faster, the greater the wealth, mechanisms causing more heat are released, the greater the heat. Yes, it could go all the way to tsunamis caused by methane hydrates explosions. This happened in the North Atlantic during the Neolithic, leaving debris of enormous tsunamis all over Scotland.

2015: Not Only Record Heat, But Record Acceleration Of Heat

2015: Not Only Record Heat, But Record Acceleration Of Heat

The Neolithic settlements over what is now the bottom of the North Sea and the Franco-English Channel (then a kind of garden of Eden), probably perished the hard way, under giant waves.

Explosions of methane hydrates have started on the land, in Siberia. No tsunami, so far. But it can, and will happen, any time. The recent North Easter on the East Coast of the USA was an example of the sort of events we will see ever more of: a huge warm, moist Atlantic born air mass, lifted up by a cold front.

Notice that, at the COP 21 in Paris all parties, 195 nations, agreed to try their best to limit warming to 1.5 degree Centigrade. At the present instantaneous rate, that’s less than 4 years away. Even with maximum switching out of fossil fuels, we are, at the minimum, on a three degrees centigrade target, pretty soon.

By the way, if all nations agree, how come the “climate deniers” are still heard of so loudly? Well, plutocrats control Main Stream Media. It’s not just that they want to burn more fossil fuels (as it brings them profit, they are the most established wealth). It’s also that they want to create debates about nothing significant, thus avoiding debates about significant things, such as how much the world is controlled by Dark Pools of money.

Meanwhile, dear Paul Krugman insists in “Bernie, Hillary, Barack, and Change“, that it would be pure evil to see him as a “corrupt crook“, because he believes everything Obama says about change and all that. Says Krugman: “President Obama, in his interview with Glenn Thrush of Politico, essentially supports the Hillary Clinton theory of change over the Bernie Sanders theory:

[Says Obama]: ‘I think that what Hillary presents is a recognition that translating values into governance and delivering the goods is ultimately the job of politics, making a real-life difference to people in their day-to-day lives.'”

This is all hogwash. We are not just in a civilization crisis. We are in a biosphere crisis, unequalled in 65 million years. “Real-life differences“, under Obama, have been going down in roughly all ways. His much vaunted “Obamacare” is a big nothing. All people in the know appraise that next year, it will turn to a much worse disaster than it already is (in spite of a few improvements, “co-pays” and other enormous “deductibles” make the ironically named, Affordable Care Act, ACA, unaffordable).

The climate crisis show that there is no more day-to-day routine. At Paris, the only administration which caused problem, at the last-minute, was Obama’s. How is that, for “change”? The USA is not just “leading from behind”, but pulling in the wrong direction. Really, sit down, and think about it: under France’s admirable guidance (!), 194 countries had agreed on a legally enforceable document. Saudi Arabia agreed. The Emirates agreed. Venezuela agreed. Nigeria agreed. Russia agreed. Byelorussia agreed. China, having just made a treaty with France about climate change, actually helped France pass the treaty. Brazil agreed. Zimbabwe agreed. Mongolia agreed. And so on. But, lo and behold, on the last day, Obama did not.

I know Obama’s excuses well; they are just that, excuses. Bill Clinton used exactly the exact same excuses, 20 years ago. Obama is all for Clinton, because, thanks to Clinton, he can just repeat like a parrot what Clinton said, twenty years ago. Who need thinkers, when we have parrots, and they screech?

I sent this (and, admirably, Krugman published it!):

“No doubt Obama wants to follow the Clintons in making a great fortune, 12 months from now. What is there, not to like?

Obama’s rather insignificant activities will just be viewed, in the future, as G. W. Bush third and fourth terms. A janitor cleaning the master’s mess. Complete with colored (“bronze”) apartheid health plan.

What Sanders’ supporters are asking is to break that spiral into ever greater plutocracy (as plutocrat Bloomberg just recognized).”

Several readers approved my sobering message, yet some troll made a comment, accusing me of “racist “slander”. Racist? Yes the “bronze” plan phraseology is racist. I did not make it up. And it is also racist to make a healthcare system which is explicitly dependent upon how much one can afford. Krugman is all for it, but he is not on a “bronze” plan. Introducing apartheid in healthcare? Obama’s signature achievement. So why should we consider Obama as the greatest authority on “progressive change”? Because we are gullible? Because we cannot learn, and we cannot see? Is not that similar to accepting that Hitler was a socialist, simply because he claimed to be one, it had got to be true, and that was proven because a few million deluded characters voted for him?

We are in extreme circumstances, unheard of in 65 million years, they require extreme solutions. They do not require, nor could they stand, Bill Clinton’s Third Term (or would that be G. W. Bush’s fifth term? The mind reels through the possibilities).

“Change we can believe in”: the new boss, same as the old boss, the same exponentiation towards inequality, global warming and catastrophe, the same warm rhetoric of feel-good lies.

As it is, there is a vicious circle of disinformation between the Main Stream Media, and no change in the trajectory towards Armageddon. Yes, Obama was no change. Yes, Obama was the mountain of rhetoric, who gave birth to a mouse. Yes, we need real change, and it requires to start somewhere. And that means, not by revisiting the past.

Patrice Ayme’

 

Revolution Needed, Vote Sanders

January 23, 2016

Clinton Would Be Another Obama to Nowhere:

Contrarily to legend, countries such as France, its scion, Britain, and their children, among them the USA, have been highly successful not in spite, but because of a succession of beautifully executed revolutions.

The level of inequalities of the planet has become so drastic, the economy is sputtering, the biosphere collapsing. Yet, the West’s leading grandiosely self-described “liberal with a conscience”, Krugman is in full Kliton, Clinton-for-president campaign. Not a day passes without another blast against Sanders. Oh, well, it was so good last time Clinton was president, the friends Krugman comes across all the time in New York, the financial plutocrats, got to seize the levers of the world, and fed Krugman lots of caviar and champagne, besides paying for 100,000 dollars a year to send the kids here Krugman and the like teach their erroneous discourses. (I am not saying Krugman is the worst; quite the opposite, he is the sweetest.)

During Obama’s First Four Years, Tax Rates on the 400 Richest Went Down 20%

During Obama’s First Four Years, Tax Rates on the 400 Richest Went Down 20%

So give me a break with Bush… Obama was Bush’s Third and Fourth term. Or shall we call it Clinton’s Sixth term? The point is that since the ex-chair of Goldman-Sachs, Robert Rubin, officially Secretary of the Treasury, started to tell a (swearing) Bill Clinton was he was going during his presidency, we have never looked back: the financial plutocrats, the sneakiest, sleekest, slickest and sickest of them all, have been in command. That command, they would lose if Senator Sanders became president (and, as far as they are concerned the arrogant Trump, a builder of real things, is as scary, he could do a Roosevelt on them…)

Says Krugman How To Make Donald Trump President Step 1: Democrats nominate Bernie Sanders. I don’t think Sanders is unelectable, but…” The Krugman class, highly paid pseudo-intellectuals ambling the rich carpets of Davos and plutocratic academia, is aghast from the prominence of leading candidates who have been railing against Wall Street and for a dramatic overhaul of health care in the USA.

Krugman deliberately ignores the possibility that Ted Cruz, not Trump, is the real Republican nominee. Why? Ted Cruz is the Goldman-Sachs candidate, like Obama and Clinton before him.  

https://patriceayme.wordpress.com/2015/12/24/trumped-hillaryously-cruzing-to-hell/

The day before claiming Sanders would make Trump president, in the New York Times editorial, Krugman in “How Change Happens”, revived the old John Lennon’s spite for revolution:  …”there are some currents in our political life that do run through both parties. And one of them is the persistent delusion that a hidden majority of American voters either supports or can be persuaded to support radical policies, if only the right person were to make the case with sufficient fervor.”

Real weird a statement for a country which was founded in a revolution, and saw the most violent Civil War, this side of Rwanda.

Of course, nothing significant happened during the Obama presidency. (With the one single exception that, now, health insurance companies cannot just refuse to insure people, based on pre-existing conditions. To compensate, “Obama” instituted a color scheme for health insurance, where colored (“bronze”) plan is basically worthless. Is it a Freudian slip?)

Krugman, I love Krugman. Krugman is highly intelligent (many things are relative), so he can be used as a test bed of devious, not to say vicious, sophisticated logic. In particular Krugman presents us with the opportunity to dissect disinformative twisted logic:  radical policies have happened many times in the history of the USA. FDR was a case in point. But so was LBJ. More to the point, Paul Krugman served in the REAGAN White House, and Reagan (counter-) revolution was pretty much approved by voters. So was G.W. Bush let’s-go-invade-the-world, either-you-are-with-us-or-against-us, policies, which were also very radical (and not in a good way).

Krugman: “… on the left there is always a contingent of idealistic voters eager to believe that a sufficiently high-minded leader can conjure up the better angels of America’s nature and persuade the broad public to support a radical overhaul of our institutions. In 2008 that contingent rallied behind Mr. Obama; now they’re backing Mr. Sanders…

But as Mr. Obama himself found out as soon as he took office, transformational rhetoric isn’t how change happens. That’s not to say that he’s a failure…

Yet his achievements have depended at every stage on accepting half loaves as being better than none: health reform that leaves the system largely private, financial reform that seriously restricts Wall Street’s abuses without fully breaking its power, higher taxes on the rich but no full-scale assault on inequality… who can claim to be Mr. Obama’s true heir — Mr. Sanders or Mrs. Clinton? But the answer is obvious: Mr. Sanders is the heir to candidate Obama, but Mrs. Clinton is the heir to President Obama. (In fact, the health reform we got was basically her proposal, not his.)

Could Mr. Obama have been more transformational? Maybe he could have done more at the margins. But the truth is that he was elected under the most favorable circumstances possible, a financial crisis that utterly discredited his predecessor — and still faced scorched-earth opposition from Day 1.”

Here is again a piece of disinformation, which, actually, originated with Obama himself. Obama (for whichever reasons inside himself, probably greed) did not want to disappoint the powers-that-be (his considerable future income will depend upon them), nor his power base (60 million gullible voters, and your truly). So Obama pretended that the “rancor” (as he put it) of republicans prevented him to act. Parrot Krugman, following the choir of millions of pseudo-leftists, claims that “scorched earth” from the opposition stood in the way. Don’t worry: no luxury carpet burned at the White House.

We have heard this argument since day one of the Obama presidency: Obama could not do anything, because he did not control Congress (where the democrats had a majority), nor the Senate (where the democrats had a supermajority, more than 60 votes out of 100). So Obama, handicapped by his DEMOCRATIC majority and supermajority, had to kill time until he lost control of Congress, and lost his supermajority in the Senate?

Or is it that Obama was isolated among partisans of the status quo, immensely rich “democrats” such as D. Feinstein and Nancy Pelosi, who are extremely happy with the system as it is, and just want to tinker with it, to give the appearance of changing what they truly profit from and do not want really to be changed?

Using “Medicare For All” as a fundamental health system with private insurance add-ons is basically the way the French healthcare system works. The present healthcare system in the USA could be morphed towards such a French like system, without wrenching changes (whereas going abruptly to socialized medicine as in Britain, Sweden, or single payer as in Canada, Germany would be too brutal to be pragmatic, indeed).

In finance, Obama had a great crisis, thus a great opportunity to cut out all the abuse. The Roosevelt, FDR and Teddy made drastic reforms: on day one, FDR closed all banks. Instead, under Obama’s first term, the New York Times found that the 400 wealthiest taxpayers’ tax rates went down 20%… relative to Bush.

Obama is caviar left, Clinton is caviar left. But the biosphere was much warmer in 2015 than in 2014. Meanwhile giant amount of unhindered, plotting and conspiring “Dark Pools of Money” are sloshing around the world, constituting most of the world’s trades.

In the latest funny twist, the cost of a barrel of oil full of oil has become cheaper than the cost of the same barrel, once emptied of oil. I told you oil was dirty!

In Canada, said barrel, with the oil inside, cost less than five cauliflowers. Agriculture has been despised too long.

The rise of sustainable energy (including nuclear in India, China) has much to do with it. This, and fracking in the USA, and the lift of the embargo against Iran, broke the camel’s back. Revolutions may be unleashed in several countries (Venezuela, Arab oil producers, Algeria, Russia, etc.). If you add Trump and Sanders to the mix, many plutocrats are starting to seriously worry.

All the more as their old semi-enemy, the European Union, is at the crossroads between strength and weakness, between further crackdowns in all sorts of ways and further degeneracy.

So resist Krugman’s siren songs. Clinton is a plutocrat singing plutophile songs. Vote for real change, vote Sanders. Differently from Obama or Clinton I, Sanders has a very long track record, we know who he is. Differently from Clinton, although initially a genuine New Yorker, he is not on the take, something Hillary clearly is.

Patrice Ayme’

Happy New Year, Pluto!

January 1, 2016

Pluto is glad to inform you that 2016 is going to be an excellent year for Him, and that’s all you should care about. Pluto is extremely pleased with the three candidates to the presidency who have a chance to (formally) “lead” the USA. Instead of an obsequious servant from Kenya, once removed from little black boys conditioned to please wealthy white masters, anxious to please the powers that be, we are going for full bloodied plutocrats to “lead”, once again. Instead of an uneducated schmoozer from Arkansas, Pluto is happy to renew with unabashed lovers of the Dark Side, to lead you all, clueless, sport scores and celebrity obsessed losers! Remember when (Prescott) Bush and Hitler were friends? No, you don’t! Very good.

To see you all squirm uncomprehendingly while the waters get too hot, will be most pleasing. To augment your discomfort, Paul Krugman published: “Privilege, Pathology and Power”. Nothing of what he wrote, or my comments below, will surprise regular readers of this site, but it’s all worth reiterating. Krugman:

“Wealth can be bad for your soul. That’s not just a hoary piece of folk wisdom; it’s a conclusion from serious social science, confirmed by statistical analysis and experiment. The affluent are, on average, less likely to exhibit empathy, less likely to respect norms and even laws, more likely to cheat, than those occupying lower rungs on the economic ladder.

And it’s obvious, even if we don’t have statistical confirmation, that extreme wealth can do extreme spiritual damage. Take someone whose personality might have been merely disagreeable under normal circumstances, and give him the kind of wealth that lets him surround himself with sycophants and usually get whatever he wants. It’s not hard to see how he could become almost pathologically self-regarding and unconcerned with others.

So what happens to a nation that gives ever-growing political power to the superrich?”

Well, we have a glaring example: the Roman Republic, which started to get a fatal disease, 22 centuries ago.

Plutocratic Collapse Was Made Explicit 3 Centuries Before The Goths Took Rome. Same Exact Mechanism is At Work Today, For All To See, But Celebrity Obsessed Critters

Plutocratic Collapse Was Made Explicit 3 Centuries Before The Goths Took Rome. Same Exact Mechanism is At Work Today, For All To See, But Celebrity Obsessed Critters

[Plutarch was a Greek historian who died 19 centuries ago; the Greeks were smarter than the Romans; yet six centuries of Roman plutocracy, capped by mad, apocalyptic, Death Cult  Christianism hobbled them enough to make them lose the war with Islamism, an even more degenerated form of Christianism.]

We also have other, more subtle, examples of plutocracy killing civilization: several in China, at least one with the Baghdad Caliphate (which the Mongols and their Georgian, Armenians and Frankish Christian Allies killed, while asserting, loud and clear that the plutocracy had been the cause of the war, and the loss).

Detailed examination of the collapse of American societies under the Conquistadores also showed that plutocracy played a major role: the Aztecs had the major military power, 200,000 soldiers, dwarfing the Castilan’s 2,000 soldiers. However, the Aztecs’ plutocracy was hated by all too many of the Natives (who provided Cortez with a 80,000 men army, at some crucial point).

Krugman:

“Modern America is a society in which a growing share of income and wealth is concentrated in the hands of a small number of people, and these people have huge political influence — in the early stages of the 2016 presidential campaign, around half the contributions came from fewer than 200 wealthy families. The usual concern about this march toward oligarchy is that the interests and policy preferences of the very rich are quite different from those of the population at large, and that is surely the biggest problem.

But it’s also true that those empowered by money-driven politics include a disproportionate number of spoiled egomaniacs. Which brings me to the current election cycle.”

Krugman then gives explicit examples: “Sheldon Adelson, the Las Vegas gambling magnate. Mr. Adelson has been involved in some fairly complex court proceedings, which revolve around claims of misconduct in his operations in Macau, including links to organized crime and prostitution… What was surprising was his behavior in court, where he refused to answer routine questions and argued with the judge, Elizabeth Gonzales. That, as she rightly pointed out, isn’t something witnesses get to do.

Then Mr. Adelson bought Nevada’s largest newspaper. As the sale was being finalized, reporters at the paper were told to drop everything and start monitoring all activity of three judges, including Ms. Gonzales…. O.K., but why do we care? Because Mr. Adelson’s political spending has made him a huge player in Republican politics — so much so that reporters routinely talk about the “Adelson primary,” in which candidates trek to Las Vegas to pay obeisance. Are there other cases? Yes indeed, even if the egomania doesn’t rise to Adelson levels. I find myself thinking, for example, of the hedge-fund billionaire Paul Singer…

Krugman could have spoken about the countless billionaires friendly to Obama, and who became front and center in the society and economy of the USA. But he chose not to. That limits him tremendously.

Krugman finally concludes: “Just to be clear, the biggest reason to oppose the power of money in politics is the way it lets the wealthy rig the system and distort policy priorities. And the biggest reason billionaires hate Mr. Obama is what he did to their taxes, not their feelings. The fact that some of those buying influence are also horrible people is secondary.

But it’s not trivial. Oligarchy, rule by the few, also tends to become rule by the monstrously self-centered. Narcisstocracy? Jerkigarchy? Anyway, it’s an ugly spectacle, and it’s probably going to get even uglier over the course of the year ahead.”

I sent comments, which were published (my comments, when sent to Krugman, have been published again… The (supposedly leftist) Guardian keeps threatening and censoring me, though, rest reassured…). Here they are below. And let me go skiing, after an epic in the snow yesterday, to feed many a philosophy…,

Plutocracy Is Bad For Soul And Horrible For Intelligence:

So what happens when these bad people have the power? Well, the god of hell, Pluto, rules (It was known before as “Hades”, and later as “Satan”, in Christianism, or “Shaitan” in Islam). Oligarchy means “rule of the few”. Plutocracy means rule, not just of wealth, but viciousness. (Christ, following Greek philosophers, asserted both are basically the same.)

Those who have so much power cannot justify it, except by saying, and first saying to themselves, that they are exceptionally good (and thus the others are relatively bad, as demonstrated by the fact that they are less able).

This is why plutocrats call themselves “philanthropists”. Just as polar bears are white as snow, to hide the fact they exist, plutocrats claim their souls are innocent, and actually examples of all what’s best about humanity. Indeed, one of the attributes of Pluto was invisibility.

Plutocrats also hide the obvious in plain sight. Through the media they control all over, they claim that the private moral system they use, founded, as it is, on greed and a high idea not just of themselves, but also of greed itself, should be the template of world morality. Thus Obama, following Nixon, made health “care” a profit center. Some more.

It’s not just ethics which is affected. Intelligence itself also is, as the top decisions are taken only under the influence of a few brains (the brains of those who rule). Actually, the main interest of democracy is that, when The People (demos) rules, all minds rules, all ideas get debated, and all these debates create new ideas. When only a few brains are allowed to take part, much fewer ideas appear.

Historically plutocratization has been the greatest enemy of civilization. The Roman Republic knew this, and came equipped with tough anti-wealth laws. Wealth above some limit was simply outlawed.

However, the Second Punic war caused havoc; Hannibal roamed Italy for more than a decade, winning tremendous battles, and the Roman elite got killed on the battlefileds, while a new elite of greedsters acquired wealth (mostly by renting space inside fortifies cities which Hannibal could not take, to impoverished peasant refugees).

After the war, in a few years, Rome lashed back at Hannibal’s allies, and carved a global empire. Globalization led to plutocratization: the wealthiest could escape Roman law by gathering wealth overseas. They quickly became so rich, they could pass laws friendly to extreme wealth. There was a civil war. The private armies of the wealthy killed those who wanted to crack down on plutocracy (notice that the anti-plutocratic leaders, the Gracchi were of the highest Roman nobilitas; still they were killed like dogs, in spite of tribunal immunity; at some point 5,000 of their supporters were assassinated in street fighting).

This is how Rome went down. After that, efforts of various leaders of the Populares (Marius, and certainly Julius Caesar) were unable to reverse the power of the Senate (through which plutocracy organized society; the Senate lasted more than 12 centuries in Rome, dying sometimes around the late Seventh century, when the Franks took over).

When a plutocracy rules, not only depravity reigns, but so does stupidity. Thus as plutocracy overwhelmed Rome, the people was made stupid by the passions it was conditioned to have: “Paenem unde Circenses” (Bread and circuses), as Juvenal put it in 100 CE. The increasing stupidity of the fascist empire made it increasingly unable to take the right decisions not just financially or in economics, but also in education, health care, or even military matters.

All the West is experiencing the same syndromes now. It’s not happening just in the USA. Plutocracy is global, legislation is local. We are at the stage where the plutocrats are imposing legislation friendly to them, through the Supreme Courts, or private tax systems.

According to the charity Oxfam, in 2013, the 92 richest multibillionaires had as much wealth as the bottom 50 percent of world society. In 2014, this dropped to 80 billionaires. A bunch of individuals who can fit into a bus control more wealth than 3.5 billion people. Three and a half billion people is equivalent to the combined populations of China, India, the United States and the European Union.

One has to realize that the influence of this 80 people gets leverage well beyond their wealth as all “elected” “representatives” are anxious to please them so they can prosper beyond their own, generally short, tenure in office.

Let’s cap it off by a few quotes from our elders:

“We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men.”  George Orwell

“Men are so simple of mind and so dominated by immediate needs that the deceitful man can easily find those ready to be deceived.” Machiavelli

The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one… credulity is a cheap and dangerous quality. – Shaw

What’s life for? It depends if you are a master, or a slave, and whether you want to be a master, or a slave. Entire populations can be taught to love to be whipped into submission by princely plutocrats: just contemplate Saudi Arabia. And that state of sadomasochist metaphysics can last more than a millennium: contemplate the entire Middle East, which, for millennia prior, had been the world’s most advanced, a cradle of democracy, and the richest place we are still indebted to. But now it’s all gore, and Cult of Death. Verily, Pluto has much to thank for!

Patrice Ayme’

Long Live The Euro: 1) Basic History of Romans & Franks

December 26, 2015

Marine Le Pen proposes to go back to the Franc. This is rather ironical for a nationalist, as the Euro, a French invention, extends French power. However, as it is, in the present international context, the Euro is not functioning optimally, and indeed, seriously hindering the French Republic. Nevertheless, I will demolish the stale anti-Euro arguments imagined by servants of the USA’s plutocratic order, the ones Le Pen is following like a bleating sheep. There is a glaring problem with the Euro, indeed, but not the one talked about by those who dislike the Euro. And that problem has an obvious remedy (long found by the USA), a change in the mandate of the European Central Bank.

In a nutshell, the Euro was conceived as a top down mechanism to force one more unification device inside Europe. The idea is to create problems which only further European unification can solve. The Euro is functioning correctly that way, albeit too slowly. And no wonder: at this point, European finance is led by an ex-partner at Goldman Sachs, a Wall Street bank, under the mandate of making the Euro a store of value (even if kills the European economy). That has to be changed. Along… American lines.

Common Currency Area: Roman Empire Europe, 815 CE. In 1066 CE, the Franks Launched Their Re-Conquest of Great Britain

Common Currency Area: Roman Empire Europe, 815 CE. In 1066 CE, the Franks Launched Their Re-Conquest of Great Britain

Those who don’t understand the map above, should not talk about the Euro. As we will see, though, they do talk about the Euro, while not minding whether, or not,France and Germany were actually part of the same polity, for half a millennium.

(For the election of Holy Roman emperor in 1519, the two candidates were the Duke of Burgundy, ruler of the Netherlands and Loraine, and the King of France, Francois I; both were native French speakers, born not far from Paris. The former became emperor as Charles V.)

Those who don’t know European history, including hordes of American pseudo-intellectuals, can only talk foolishly about the Euro. That’s the whole idea: they are supposed to make us all stupid. Once we are stupid enough, we will be eager to serve them, or so they have observed.

That despicable horde of greedy disinformers and impudent liars includes one of the leading (diminutive) bulls, Milton Friedman, bullying his way into a thicket of absurdities which he himself erected.

Friedman learned nothing, absolutely nothing, from the Second World War. That, too, is no accident. It’s a disease frequently found in American Jews. It’s not just the usual francophobia. There is a much more sinister mechanism at work. American Jews are supposed to know nothing much about the Second World War, except there was a big bad “The Holocaust”, and, somehow, the French were involved.

Why so ignorant? Preservation of their own Jewish sanity. If American Jews knew more of the history of the Second World War, they would have to explain why they did nothing, while their brethren and relatives were mass assassinated in Europe.

In particular, American Jews would have to explain why they did nothing, while racist American plutocrats were totally, massively supporting and enabling Hitler and Mussolini. Where was Friedman then? Well, he was employed by Roosevelt’s National Resources Committee (on which he more or less spit later, naturally).

Fortunately the Nazis and their enemies, the French, did learn from WWII what had to be learned. And what they learned, is that they had to unify.

Whereas, it is telling that people who allegedly claim to care about holocausts in Europe, want to divide Europe some more, when it is precisely those divisions which caused the holocausts. The basic flaw of Eastern Europe, where most American Jews are from, is that a divided, divisive, grotesque patchwork of little authorities at each other’s throats, some of this nation, some from another, some from one religion, some from one other, some from a language, or sect, some from another language, or sect.

The first fact of European history is that those who invented the modern usage of the word Europe, the Franks, conquered, unified, and… (to a great extent) created Germany. Including the German language! (The Franks, being themselves Germans, were in excellent position to bark out orders to other Germans.)

To understand the Euro, one has to go all the way to the first Roman State, and why it failed spectacularly:

The Roman empire’s border inside Germany, anchored on the Rhine and Danube, was too long, too fractal, hard to defend. The one and only solution was to conquer all of Europe (and make a short border across the European peninsula). The only Roman who decided to do this, Julius Caesar, was assassinated on the eve of his departure at the head of the most formidable army Rome ever had. After that unfortunate event, the assassination of the leader of the Populares, Roman plutocracy took over enough to impose its agenda. Roman plutocracy was more interested to exploit the Roman people, rather than to call on the Republican spirit to make Rome safer, and more sustainable.

Actually, the history of the next five centuries of Rome showed that Roman plutocracy preferred to be invaded by barbarians, rather than to call back the Roman Republic (analogies with what is going on today, are invited). In the end, it was the Franks who brought back enough Roman republican elements to progress beyond Greco-Roman civilization, and, later, thoroughly destroy the invading Islamists (once again, comparisons with today jump to mind).

As it sank in ever thicker plutocracy, the first Roman State never conquered Germania. The result was half-baked military solutions, beating the German hordes back, each time they raided the much richer Roman empire. It brought constant, expensive wars which Rome could not afford. It also brought catastrophe, when the Huns, charging through the steppe, all the way from Mongolia, pressured the Goths, and the latter decided to take refuge inside the Roman empire. It was a refugee crisis second to none, yet the refugees came in, fully armed and battle trained, and the Christian dazed Roman emperors confronting the problem, may have longed so much towards the apocalypse, promised by the Bible, that they may have spurred it along. (Once again, comparison with today, are invited.)

However, the Franks turned Augustus’ strategy on its head. As soon as it succeeded the first Roman State, the Second Foundation of the Roman State, the empire of the Franks, threw overboard Augustus’ stupid advice, to leave Germania alone. The Franks relentlessly pursued the conquest of all of Germany, and more. It took three centuries. Charlemagne, Carlus Magnus, finished the job.

The preceding map of Europe is not understood by despicable people such as Milton Friedman and his ilk, who are paid not to meditate upon it (supposing they ever came across it). Friedman is paid to entertain the idea that Germany is bad for France.

Low intellectual lives such as Friedman typically don’t know that, under the Franks, freedom of cult was extended to all those who did not have a Cult of Death (thus the safe Sufi practice of Islam was tolerated). They don’t know that the Franks three times, earlier than Charlemagne, broke three massive Islamist, Cult of Death invasions, and that the Damascus Arab Caliphate fell consequently, having lost its armies (750 CE). They know nothing, these haters of Europe, and still they talk, exuding their venom, because they are paid to do so: it helps the American empire and its overlord, global plutocracy, to tell the world and themselves that the Europeans are self-destructive idiots. At this point the Friedman-Krugman venom is feeding Marine Le Pen (who has opportunistically jumped on it; as a Member of the European Parliament, she probably knows better; in any case she could only hope to implement her program if she had an absolute majority at the French National Assembly).

The Roman Currency failed, because Rome did not conquer Eastern Europe:

The Romans ran out of precious metals in the Third Century: using the technology they had, the mines were exhausted. By 300 CE, Rome, under emperors Aurelian and then Diocletian, had switched to a complicated mix of Fiat Currency and command economy. As the state, weakened by plutocracy, was not strong enough, the Roman Fiat Currency suffered inflation (although the Roman gold currency would not, and was used for another millennium).

China had the same problem, lack of precious metals and invented the ultimate Fiat Currency, paper money, in the Seventh Century to circumvent it (Bolivian silver traded by Spain would solve the Chinese problem nearly a millennium later).

The Franks solved the argentum/argent problem the old fashion way: they did what the Romans did not find the force to do. The Franks conquered Eastern Europe, where the silver mines were. Suddenly, there was enough money to operate the economy again, and, by 1000 CE, the Franks were the richest per person and per unit of energy (my AWE), in the world (contrarily to what the “China-on-top” school of thought has it).

[To be continued… Next: Milton Friedman ill-informed, asinine and biased observations about the Euro, and whether the Eurozone is not an “optimum currency area”]

Patrice Ayme’