On May 20, 2008, at 3:32 PM, David Cake wrote: > At 12:14 PM -0700 19/5/08, Kevin Callahan wrote: >> http://www.commondreams.org/archive/2008/05/19/9047/ >> As Mike Whitney reported at the end of October in 2006 - a day before >> Halloween - the US was then engineering the drop in the dollar to >> "improve competitiveness" - ie subsidize US exports in a flawed >> attempt to reduce the growing balance of trade gap. The result was >> summed up in the headline: "The U.S. Dollar is kaput. Confidence in >> the currency is eroding by the day." >> >> Whitney saw then what our media has still yet to report or >> understand. >> Was it a "trick or treat?" Read on: >> >> "The financial crisis that we now face was created by design. It is >> intended to destroy the labor movement, crush the middle class, quash >> Medicare, Medicaid and Social Security, reduce our foreign debt by 50 >> or 60%, force a restructuring of America's debt, privatize all public >> assets and resources, and create a new regime of austerity measures >> which will divert more wealth to the banking and corporate >> establishment." > > Apply Hanlons Razor -- Never attribute to malice that which > can be adequately explained by stupidity. > A lot of the current financial crisis is due to a hugely > expensive war, which was entered into on absurdly optimistic ideas > about its outcome. A lot of it is due to selling mortgages to people > that couldn't conceivably pay for them, and repackaging them in a way > that pretended it was a good quality investment.
yeah .. and here's a simplified view of mortgages/money/debt: in 5 parts: Money As Debt (1 of 5) http://www.youtube.com/watch?v=vVkFb26u9g8 > > While there is no doubt an attribute of conspiracy to both, > the problematic parts of both result from stupidity. Even though Bush > and Cheney conspired to get the US into the war, even Bush would not > have done so had he known it would lead to him being regarded as the > worst president in US history. probably, but he's too stupid to realize what he's done speaking of futures: "Poindexter also faced immense criticism from the media and politicians about the Policy Analysis Market project, a prediction market that would have rewarded participants for accurately predicting geopolitical trends in the Middle East. This was portrayed in the media as profiting from the assassination of heads of state and acts of terrorism due to such events being mentioned on illustrative sample screens showing the interface. The controversy over the futures market led to a Congressional audit of the IAO in general, which revealed a fundamental lack of privacy protection for American citizens. Funding for the IAO was subsequently cut and Poindexter retired from DARPA on August 12, 2003." > > Cheers > David > _______________________________________________ OSX-Nutters mailing list | [email protected] http://lists.tit-wank.com/mailman/listinfo/osx-nutters List hosted at http://cat5.org/
