Comments on: No End in Sight

By: Jeff

Jeff — Mon, 13 Apr 2009 00:15:56 +0000

Yes Dan Alba, I did concur. The experiment called the “FED” was sprung into action before it’s intended time. These “owners” realized that the country could itself, with the proper guidance, or lack of, heal itself. Allowing this to take hold and continue would have at the least set back the plans the “FED” had envisioned. At worst the “FED” may have been defeated in Congress from coming into full existence some twelve years later. This whole experience only throws more gasoline on the already burning fire which was lit in 1913. The consequence is the logical move of the U.S. currency ceasing to exist and a “NEW FED” will emerge. There is a war going on, just no guns going off in the typical sense. The fallout I summarize will be catastrophic, not unlike the destruction of Europe which has led to this juncture. There is nothing left to rebuild of great quantity, although the effort is most certainly there. Time of course will tell what “nation” will be the re-builder and which will be rebuilt. Then we will have to wait another 80 years or so to look back on history.

By: Dan Alba

Dan Alba — Sun, 12 Apr 2009 19:21:25 +0000

Good morning, Jeff. I’m not sure whether you’re concurring with me, but my point is that there was no Great Depression in 1920–21 because, unlike today, the federal government (through the Fed) did not respond by pumping billions (trillions, today) into the system and did not fix prices and wages. Overall, the federal government (and the Fed) stayed out of the way, allowing for a full recovery by 1922. Now, in the ’20s the Fed did, in fact, embark on the policy of money supply expansion, leading to an unsustainable credit-driven boom — the period known as the Roaring Twenties (this, I surmise, would be the “spring into action” you referred to). Tariffs were astronomical as well. It was doomed to collapse, as it did; but instead of doing what it had done (next to nothing) during the 1920–21 recession, the federal government embarked on the greatest interventions in history to that point, thus worsening and prolonging the agony. This and every other episode of economic recession in our history show that the cause is federal intervention, and that the cure is non-intervention (allow unscrupulous institutions to fail) and negative intervention (lower taxes, decrease spending). Not being at war also helps recovery: the return of resources from sector that stagnates, steals, and destroys wealth (govt., public, war-making), and toward the sector which produces, sustains, and increases wealth (private), was in large part to thank for the recovery from the Great Depression.

By: Don Hawkins

Don Hawkins — Sun, 12 Apr 2009 16:48:05 +0000

Bozh good one and for me the picture of these saintly rulers was Bush, junior when he was in this golf cart leg’s up wearing these checkered pants and white shoes with that half smile half smirk he did so well. There was just something about that picture that said it so well. Modern man in his element. Get ready modern man because very soon boots instead of those white shoes is probably a good idea. I guess to some those are fightin words well so be it. Four

By: bozh

bozh — Sun, 12 Apr 2009 16:34:03 +0000

bev is right, the managers of governance and the rulers over us are not stupid. did yous know that in some languages there is no label “stupid”.

i wld suggest that they know more of what goes on than any of us; however, they are able to justify their misdeeds by saying/believing that everything they do, they do it for the good of the country and the governance.

even when they invoke “in the name of the country or for the good of the country”, they know- i firmly suggest- that the verbal scheme means primarily for the good of the sancitified constitution and our saintly rulers. tnx

By: Jeff

Jeff — Sun, 12 Apr 2009 15:55:55 +0000

Dan Alba, no doubt the Fed were taken by surprise with the events of 1920-21 and had to spring into action the plan. They will never again allow the free market system to prevail again as the resources of the masses scares the hell out of them.

We all now have what we believe is reality. The illusion is working. Just look around.

Waiting for the next “Great War to End All Wars”.
Probably will end everything for most of we ‘pee-ons’.

By: Jeff

Jeff — Sun, 12 Apr 2009 15:32:20 +0000

Timothy Franz Geithner is case in point. Many more were shoved aside for “lackey type” to fill key positions.

By: Don Hawkins

Don Hawkins — Sun, 12 Apr 2009 14:51:33 +0000

Beverly when you said anyone with ideas that differ from the puppet masters’ script won’t get a foot in the door into a key decision making positiont hat is the problem and the key word is ideas. So far ideas for nobody.

By: beverly

beverly — Sun, 12 Apr 2009 13:58:29 +0000

David: Obama, his cabinet, and advisors are neither stupid nor lacking critical thinking skills. They are doing exactly what their power broker puppet masters want – to keep the coffers of Wall Street, the super rich, and the war profiteers full.

It’s no coincidence that people such as economist Micheal Hudson were never on the President’s long or short list of cabinet choices. Anyone with ideas that differ from the puppet masters’ script won’t get a foot in the door into a key decision making position.

By: David

David — Sat, 11 Apr 2009 19:19:00 +0000

Mike:

This is a nice summary of where we currently stand.

I’m beginning to see Obama’s choices in economic advisors and his buying into saving the ‘to big to fail’ institutions as driven by his lack of understanding of the substantial complexity of both the US and world economies.

So, he has decided to go with what got us here, a poor reflection on his critical thinking skills.

What puzzles me is why he can’t smell stupidity when the stench is everywhere around him: So much for his knowledge of history and understanding of human nature. Another empty suit, perhaps?

By: Dan Alba

Dan Alba — Sat, 11 Apr 2009 17:48:53 +0000

"No one expected the financial meltdown to hit this hard or spread this fast." Certainly "no one" amongst the mental giants you regularly cite expected it. But these folks, this guy, and this guy did. Of course, the geniuses at the Fed and Treasury, and their lapdog news media, would have you oblivious to this because their job is to conceal the role of the govt. policies and agencies, which they enact and support, as the cause. "So far, Bernanke’s monetary bandaids have prevented the wholesale collapse of the financial system, . . ." No. Bernanke's (and Greenspan's) bandaids have prevented a timely recovery, guaranteeing a prolonged depression, just like the massive interventions in the Hoover and FDR years. A quote the State doesn't want you to read: "We might have done nothing. That would have been utter ruin. Instead we met the situation with proposals to private business and to Congress of the most gigantic program of economic defense and counterattack ever evolved in the history of the Republic." -Herbert Hoover A video the State doesn't want you to view: "Why You've Never Heard of the Great Depression of 1920," by Thomas E. Woods, Jr.