tag:blogger.com,1999:blog-19580203.post7247621665021785876..comments2024-03-25T16:03:36.810-07:00Comments on The Existentialist Cowboy: How the U.S. went from 'World's Number One Exporter of Terrorism' to BankruptAnonymoushttp://www.blogger.com/profile/04598093941551759917noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-19580203.post-49682102739172671262009-03-14T08:37:00.000-07:002009-03-14T08:37:00.000-07:00So are you for or against Keynesianism/central ban...<EM>So are you for or against Keynesianism/central banks?</EM><BR/><BR/>This is not about opposition or support for Keynes. Last time I checked, he was still dead. I don't know what Keynes might have written about the rise of multi-nationals, global finance and the effective demise of 'labor'. <BR/><BR/>Essential 'Keynesianism' is not incompatible with the dissolution of the 'big banks'. If anyone had known their Achilles heel, it might have been Keynes. In any case, those opposing the big banks, had best read and udnerstand their Keynes. <BR/><BR/>My position is that the WORLD economic system is at the point of imminent collapse because wealth has been deliberately and systematically TRANSFERRED upward. <BR/><BR/>The big banks are both symptomatic of the process and willing co-conspirators . Unless, the world reverts to barter, there will always be banks. Big business required big, rich banks. Global business requires bigger banks. Nations --bigger still. <BR/><BR/>The BIG banks would not exist if WEALTH had not created a tiny, ruling elite of just one percent of the US population. The big banks are both the product of the transfer and a servant of the elite class that was thus created. <BR/><BR/>The figures may differ somewhat in Europe...but I have no reason to believe that, in an age of 'globalism' and super-multi-nationals that the distribution of wealth is not similarly lopsided throughout the industrialized world. <BR/><BR/>I detest this 'Brave New World' --but I've yet to see any movement that either 1) understands what has happened and 2) has a clue about how things might get changed! <BR/><BR/>I certainly don't have a panacea...and, sadly, no one else does either.Anonymoushttps://www.blogger.com/profile/04598093941551759917noreply@blogger.comtag:blogger.com,1999:blog-19580203.post-27463957759790706482009-03-14T07:42:00.000-07:002009-03-14T07:42:00.000-07:00AdamS sez...How can you say "Keynes got it right" ...AdamS sez...<BR/><BR/><EM>How can you say "Keynes got it right" and just ignore the obvious face-value interpretation of the quote, that Keynes *wanted* to ruin the citizenry?</EM><BR/><BR/>Keynes never advocated the ruin of citizenry. Nor --did he advocate that currency be debauched. <BR/><BR/>He simply made the observation that IF you wished to destroy the capitalist system, then you need only to DEBAUCH the currency. That'll do it everytime. <BR/><BR/>In this instance, Keynes' remarks are relevant in that I suspect the 'elites' --having already gotten rich beyond our abilities to visualize or conceive --no longer have an interest in sustaining the system. Their wealth has already been 'exported' and 'converted'. Their message to us is: "I'm allright, jack! And Fuck you!" <BR/><BR/>You seem to have confused a statement of fact with a moral imperative, a commandment. Keynes, in fact a 'conservative', himself had an interest in sustaining the capitalist system. <BR/><BR/>Keynes is accused of much in the US, indeed, he is often the target of a right wing label attack: LIBERAL, LIBERAL! But NO ONE ever credibly accuse Keynes of trying to bring down the capitalist system. <BR/><BR/>1) An expert investor, KEYNES himself got rich off the capitalist system. He knew where to put his own money and practiced what he preached. He lived very, very comfortably in Bloomsbury. <BR/><BR/>2) KENYES was 'liberal' only in so far as his policies would have put more money in the hands of those who might actually spend it and thus stimulate the CAPITALIST economy. <BR/><BR/>To the extent that Keynes was interested in preserving market economies by making them work, he was a CONSERVATIVE. He was more conservative than I am. <BR/><BR/>Nevertheless, Keynes is to be preferred over ANY OTHER economist (save Marx) whose policies have actually been put to the test. In the US, that would be Friedman --whom I've met and interviewed and whom I believe is DEAD WRONG on just about everything. <BR/><BR/>In the US, the 'spectrum' is skewed. Keynes, in fact a conservative, is considered to be unaccepatably 'liberal' and Friedman, whom I considered to be reactionary and to the right of Attita the Hun, is thought by Americans to be 'mainstream'. Go figure! <BR/><BR/>If there is any lesson to be learned from all this, it is: <BR/><BR/>1) conservative economics has failed utterly; <BR/><BR/>2)'supply side economics is BULLSHIT; <BR/><BR/>3) Keynes was right about many, perhaps, most things economic; <BR/><BR/>4) Friedman was full o' shit; <BR/><BR/>5) Marx and Ricardo were abso-fuckin-lutely correct: <BR/><BR/>LABOR is the ULTIMATE source of all value.<BR/><BR/>Economies are DEPRESSED when monies are removed from circulation. <BR/><BR/>Giving ONLY rich folk a WHOPPING TAX CUT effectively REMOVES MONIES from circulation; thus EVERY US tax cut since 1982 has had a depressing (in the economic sense) effect on the economy. The official stats from the BEA, US Bureau of Labor Stats, and the U.S. Commerce Dept - BEA confirm me.Anonymoushttps://www.blogger.com/profile/04598093941551759917noreply@blogger.comtag:blogger.com,1999:blog-19580203.post-15288532007915490432009-03-13T18:51:00.000-07:002009-03-13T18:51:00.000-07:00Um...in denial much?The rest of the Keynes quote i...Um...in denial much?<BR/><BR/>The rest of the Keynes quote is more important, no? "...By a continuing process of inflation, governments can confiscate, secretly and unobserved (eg the $8 trillion or more stolen during the '700bn' bailout).<BR/><BR/>How can you say "Keynes got it right" and just ignore the obvious face-value interpretation of the quote, that Keynes *wanted* to ruin the citizenry?<BR/><BR/>I don't think Keynesian economics is necessarily bad; in fact, it's genius that he came up with a way to have a parasitic fraud at the heart of an economy and yet keep up the pretence of prosperity. But it does nothing more.<BR/><BR/>People are coming to the realisation that their fiat currency has 0 real market value. The dirty little Keynesian secret (I know, it's hardly a secret, but the average person tends to ignore the fact anyway) is of course that the money that is 'created' brings with it the bondage of debt and interest paid for by the government, via taxes.<BR/><BR/>This is why I genuinely believe only the death of Keynesianism and Fabian socialism will bring about a new era of genuine prosperity (i.e. one not built upon a wobbling tower of derivatives, fractional reserve banking and fiat currency).<BR/><BR/>PS I don't get what you said, you defended Keynes but said a strong central bank was "our nightmare". So are you for or against Keynesianism/central banks?AdamShttps://www.blogger.com/profile/08217603013523768701noreply@blogger.comtag:blogger.com,1999:blog-19580203.post-27565459038183999652009-03-13T14:15:00.000-07:002009-03-13T14:15:00.000-07:00AdamS sez..."The best way to destroy the capitalis...AdamS sez...<BR/><BR/><EM>"The best way to destroy the capitalist system is to debauch the currency. --Keynes</EM><BR/><BR/>Keynes got it right and that's why GOP types hate him.<BR/><BR/><EM>End the Fed, BoE, IMF et al</EM><BR/><BR/>A strong, central bank was Alexander Hamilton's dream! It is our nightmare!Anonymoushttps://www.blogger.com/profile/04598093941551759917noreply@blogger.comtag:blogger.com,1999:blog-19580203.post-48175207367374193102009-03-13T13:54:00.000-07:002009-03-13T13:54:00.000-07:00"The best way to destroy the capitalist system is ..."The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens." - John Maynard Keynes<BR/><BR/>End the Fed, BoE, IMF et al; this crisis would all disappear in a few years imo.AdamShttps://www.blogger.com/profile/08217603013523768701noreply@blogger.com