The Shock Doctrine: The Rise and Fall of Disaster Capitalism
- Thread starter Gringinho
- Start date
Where are the Lous McFaddens and Charles August Lindberghs criticizing the Aldrich scheming of today?
This was said in 1913:
http://en.wikipedia.org/wiki/Charles_August_Lindbergh
"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill."
"To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate..., producing an expansion of credit and a rising stock market; then when ... business men are adjusted to these conditions, it can check ... prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money. They know in advance when to create panics to their advantage, They also know when to stop panic. Inflation and deflation work equally well for them when they control finance."
"The financial system [...] has been turned over to the Federal Reserve Board. That board administers the finance system by authority of [...] a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money."
http://en.wikipedia.org/wiki/History_of_the_Federal_Reserve_System
http://en.wikipedia.org/wiki/Nelson_W._Aldrich
Because of his impact on national politics and central position on the pivotal Senate Finance Committee, he was referred to by the press and public alike as the "General Manager of the Nation", dominating all tariff and monetary policies in the first decade of the 20th century. In a career that spanned three decades, Aldrich helped to create an extensive system of tariffs that protected American factories and farms from foreign competition.
Truly the Henry Paulson/Greenspan/Bernanke of his time.
http://en.wikipedia.org/wiki/Aldrich-Vreeland_Act
http://en.wikipedia.org/wiki/Panic_of_1907
http://en.wikipedia.org/wiki/Edward_M._House
He was the Dick Cheney of his time - with Woodrow Wilson at the front...
Are there only drooling zombies chewing Xanax left in the world?
The US population must be some of the most gullible in the world.
This was said in 1913:
http://en.wikipedia.org/wiki/Charles_August_Lindbergh
"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill."
"To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate..., producing an expansion of credit and a rising stock market; then when ... business men are adjusted to these conditions, it can check ... prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money. They know in advance when to create panics to their advantage, They also know when to stop panic. Inflation and deflation work equally well for them when they control finance."
"The financial system [...] has been turned over to the Federal Reserve Board. That board administers the finance system by authority of [...] a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money."
http://en.wikipedia.org/wiki/History_of_the_Federal_Reserve_System
http://en.wikipedia.org/wiki/Nelson_W._Aldrich
Because of his impact on national politics and central position on the pivotal Senate Finance Committee, he was referred to by the press and public alike as the "General Manager of the Nation", dominating all tariff and monetary policies in the first decade of the 20th century. In a career that spanned three decades, Aldrich helped to create an extensive system of tariffs that protected American factories and farms from foreign competition.
Truly the Henry Paulson/Greenspan/Bernanke of his time.
http://en.wikipedia.org/wiki/Aldrich-Vreeland_Act
http://en.wikipedia.org/wiki/Panic_of_1907
http://en.wikipedia.org/wiki/Edward_M._House
He was the Dick Cheney of his time - with Woodrow Wilson at the front...
Are there only drooling zombies chewing Xanax left in the world?
The US population must be some of the most gullible in the world.
The Power of Productivity by William W. Lewis, University of Chicago Press, 2004.
http://www.fff.org/freedom/fd0506g.asp
The author isnât an economist by training at all. Lewis is a physicist who became a partner in the international consulting firm McKinsey & Company and founded the McKinsey Global Institute. He had the ear of officials in the Clinton administration, especially Robert Reich, secretary of Labor, and contends that presentations by his McKinsey team were responsible for altering the course of Clintonâs economic policy away from regulation and toward markets. Therefore, the book cannot be dismissed by those on the left side of the political spectrum as the scribbling of a dogmatic free-marketeer. So perhaps there is a chance that they will read it and learn some important lessons about how the world really works.
He notes that countries such as Brazil and India today have governments that are comparable in size to that of the United States and makes the point that when America was at a similar state of economic development (in about 1913), its government was much smaller. But, Lewis writes,
we wouldnât go back there even if we could. The rich countries have learned some valuable lessons the hard way. We know how to achieve macroeconomic stability. We need an independent central bank . . . with a mandate to control inflation and keep the economy running near to full capacity. . .. We need to keep government deficits in check.
Itâs almost astounding that someone who can so competently analyze the absurd and destructive economic policies of many nations could write something as wrong-headed as that. Lewis shatters a lot of conventional thinking on economic policy throughout the book but remains trapped in it when it comes to the United States. It is standard liberal dogma that we need plenty of government spending and a manipulative central bank to give us economic stability. We donât, and itâs too bad that our erudite author is unfamiliar with the writings of the economists who have crushed the Keynesian model. If the United States could restore the comparatively microscopic government of 1913, our economy would benefit enormously.
In short: there needs to be CONTROL over the money and resource flow. Controlled by the ELITE, that is...
www.anglospherechallenge.com
Not easy being a US voter when constantly being shafted in both ends at the same time, without any "perceived choice". Slaves in the US never had any choice, did they now?
Luckily, you can fill your minds with soap operas, reality shows, celebrity "newsworthiness", political bickering and minute economic details so that you don't need start thinking about The Big Picture.
Lets all pop some more Xanax Bluepill happy-thought inducing über-wunder-medizin and get some laughs with a bigotry show "at the expense of some Eurotrash, Russian alcoholics, Muslim goat-burger-munchers, Latin sweat-roid-ragers or Chink-eyed poontang."
The theatre show is still running on Broadway... oops, sorry... Wall-Street, Main-Street, Washington D.C, and fondling the pleasure centre of your wife and kids. You all have a little part to play, so just remember to memorize your lines now... Remember; "Just another brick in the wall," and be careful about straying from your Doublespeak SocIng.
http://en.wikipedia.org/wiki/Indoctrination
http://en.wikipedia.org/wiki/Doublespeak
http://en.wikipedia.org/wiki/Socing
http://www.fff.org/freedom/fd0506g.asp
The author isnât an economist by training at all. Lewis is a physicist who became a partner in the international consulting firm McKinsey & Company and founded the McKinsey Global Institute. He had the ear of officials in the Clinton administration, especially Robert Reich, secretary of Labor, and contends that presentations by his McKinsey team were responsible for altering the course of Clintonâs economic policy away from regulation and toward markets. Therefore, the book cannot be dismissed by those on the left side of the political spectrum as the scribbling of a dogmatic free-marketeer. So perhaps there is a chance that they will read it and learn some important lessons about how the world really works.
He notes that countries such as Brazil and India today have governments that are comparable in size to that of the United States and makes the point that when America was at a similar state of economic development (in about 1913), its government was much smaller. But, Lewis writes,
we wouldnât go back there even if we could. The rich countries have learned some valuable lessons the hard way. We know how to achieve macroeconomic stability. We need an independent central bank . . . with a mandate to control inflation and keep the economy running near to full capacity. . .. We need to keep government deficits in check.
Itâs almost astounding that someone who can so competently analyze the absurd and destructive economic policies of many nations could write something as wrong-headed as that. Lewis shatters a lot of conventional thinking on economic policy throughout the book but remains trapped in it when it comes to the United States. It is standard liberal dogma that we need plenty of government spending and a manipulative central bank to give us economic stability. We donât, and itâs too bad that our erudite author is unfamiliar with the writings of the economists who have crushed the Keynesian model. If the United States could restore the comparatively microscopic government of 1913, our economy would benefit enormously.
In short: there needs to be CONTROL over the money and resource flow. Controlled by the ELITE, that is...
www.anglospherechallenge.com
Not easy being a US voter when constantly being shafted in both ends at the same time, without any "perceived choice". Slaves in the US never had any choice, did they now?
Luckily, you can fill your minds with soap operas, reality shows, celebrity "newsworthiness", political bickering and minute economic details so that you don't need start thinking about The Big Picture.
Lets all pop some more Xanax Bluepill happy-thought inducing über-wunder-medizin and get some laughs with a bigotry show "at the expense of some Eurotrash, Russian alcoholics, Muslim goat-burger-munchers, Latin sweat-roid-ragers or Chink-eyed poontang."
The theatre show is still running on Broadway... oops, sorry... Wall-Street, Main-Street, Washington D.C, and fondling the pleasure centre of your wife and kids. You all have a little part to play, so just remember to memorize your lines now... Remember; "Just another brick in the wall," and be careful about straying from your Doublespeak SocIng.
http://en.wikipedia.org/wiki/Indoctrination
http://en.wikipedia.org/wiki/Doublespeak
http://en.wikipedia.org/wiki/Socing
Sorry, so many years since I wrote about individualism vs. collectivism and 1984 among other books... for a term paper while in high-school.
Correct is "Ingsoc", not SocIng
http://en.wikipedia.org/wiki/Doublethink
http://en.wikipedia.org/wiki/Ingsoc
Unlike most real totalitarian regimes, Ingsoc has little if any true end or ultimate political goal other than control for its own sake. O'Brien puts it quite glibly:
"The German Nazis and the Russian Communists came very close to us in their methods, but they never had the courage to recognize their own motives. They pretended, perhaps they even believed, that they had seized power unwillingly and for a limited time, and that just round the corner there lay a paradise where human beings would be free and equal. We are not like that. We know that no one ever seizes power with the intention of relinquishing it. Power is not a means, it is an end. One does not establish a dictatorship in order to safeguard a revolution; one makes the revolution in order to establish the dictatorship. The object of persecution is persecution. The object of torture is torture. The object of power is power."
http://en.wikipedia.org/wiki/O'Brien_(1984)
Good luck to everyone living under elitist control... may you be profitable... some day - that is, IF you are "lucky" enough to get "chosen" or "allowed" to rise towards the top, get over some victims and all that.
Too bad about any Winston Smiths out there... looks like it's Guantanamo - Room 101, for you guys.
http://en.wikipedia.org/wiki/Winston_Smith
http://en.wikipedia.org/wiki/Room_101
You know, a decision by the Ministry of Truth ... oops, sorry - Department of Homeland Security - the great "coordinators".
http://en.wikipedia.org/wiki/Ministry_of_Truth (DHS in Newspeak, guys...)
http://en.wikipedia.org/wiki/Department_of_Homeland_Security
http://en.wikipedia.org/wiki/Culture_of_fear
http://en.wikipedia.org/wiki/Guilt_society
http://en.wikipedia.org/wiki/Denialism
http://en.wikipedia.org/wiki/Negationism
All hail the great benefactor and architect - our Supreme Being and creator of universally absolute truth...
http://en.wikipedia.org/wiki/Supreme_Being
http://en.wikipedia.org/wiki/Freemasonry
http://en.wikipedia.org/wiki/Opus_Dei
http://en.wikipedia.org/wiki/Skull_and_Bones
http://en.wikipedia.org/wiki/Operation_Gladio
http://en.wikipedia.org/wiki/History_of_the_Federal_Reserve_System
http://en.wikipedia.org/wiki/Managerial_state
http://en.wikipedia.org/wiki/The_Bell_Curve
http://en.wikipedia.org/wiki/Rhodes_Scholarship
http://en.wikipedia.org/wiki/Elite_theory
Correct is "Ingsoc", not SocIng
http://en.wikipedia.org/wiki/Doublethink
http://en.wikipedia.org/wiki/Ingsoc
Unlike most real totalitarian regimes, Ingsoc has little if any true end or ultimate political goal other than control for its own sake. O'Brien puts it quite glibly:
"The German Nazis and the Russian Communists came very close to us in their methods, but they never had the courage to recognize their own motives. They pretended, perhaps they even believed, that they had seized power unwillingly and for a limited time, and that just round the corner there lay a paradise where human beings would be free and equal. We are not like that. We know that no one ever seizes power with the intention of relinquishing it. Power is not a means, it is an end. One does not establish a dictatorship in order to safeguard a revolution; one makes the revolution in order to establish the dictatorship. The object of persecution is persecution. The object of torture is torture. The object of power is power."
http://en.wikipedia.org/wiki/O'Brien_(1984)
Good luck to everyone living under elitist control... may you be profitable... some day - that is, IF you are "lucky" enough to get "chosen" or "allowed" to rise towards the top, get over some victims and all that.
Too bad about any Winston Smiths out there... looks like it's Guantanamo - Room 101, for you guys.
http://en.wikipedia.org/wiki/Winston_Smith
http://en.wikipedia.org/wiki/Room_101
You know, a decision by the Ministry of Truth ... oops, sorry - Department of Homeland Security - the great "coordinators".
http://en.wikipedia.org/wiki/Ministry_of_Truth (DHS in Newspeak, guys...)
http://en.wikipedia.org/wiki/Department_of_Homeland_Security
http://en.wikipedia.org/wiki/Culture_of_fear
http://en.wikipedia.org/wiki/Guilt_society
http://en.wikipedia.org/wiki/Denialism
http://en.wikipedia.org/wiki/Negationism
All hail the great benefactor and architect - our Supreme Being and creator of universally absolute truth...
http://en.wikipedia.org/wiki/Supreme_Being
http://en.wikipedia.org/wiki/Freemasonry
http://en.wikipedia.org/wiki/Opus_Dei
http://en.wikipedia.org/wiki/Skull_and_Bones
http://en.wikipedia.org/wiki/Operation_Gladio
http://en.wikipedia.org/wiki/History_of_the_Federal_Reserve_System
http://en.wikipedia.org/wiki/Managerial_state
http://en.wikipedia.org/wiki/The_Bell_Curve
http://en.wikipedia.org/wiki/Rhodes_Scholarship
http://en.wikipedia.org/wiki/Elite_theory
Stay happy everyone - a 101 message from the Ministry of Love...
We have commoditized your happiness, so we can invest in your well being and for the common good.
Say "thank you" to your benefactor - the Supreme Being and great architect, creator of universally absolute truth.
May his omniscience and love bless you all, his true and priced children. You all have a tag, until you're so(u)ld again...
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/w25FOCy4SsY&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/w25FOCy4SsY&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>
http://en.wikipedia.org/wiki/Room_101
We have commoditized your happiness, so we can invest in your well being and for the common good.
Say "thank you" to your benefactor - the Supreme Being and great architect, creator of universally absolute truth.
May his omniscience and love bless you all, his true and priced children. You all have a tag, until you're so(u)ld again...
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/w25FOCy4SsY&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/w25FOCy4SsY&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>
http://en.wikipedia.org/wiki/Room_101
Brother of universally absolute truth,
count our blessings with the Supreme Being, great architect and creator of universally absolute truth. Surely, we will be blessed by our omniscient father who will help us to insider insight to the markets, great fortunes and power in the next weeks - he is realigning his masterpiece and clockwork to keep our riches ticking in again.
We shall be the shining light, so that others can be happy and feel inspired by hope!
The American Dream from Hollywood; and soon we will be swimming in Benjamin/Ben greens...
The Money Train, Gold Caravan, Treasure Fleet, Silver Train - they are all shoring up back home!
Privateer Enterprise is a "multi-national free market success!"
http://en.wikipedia.org/wiki/History_of_the_Federal_Reserve_System
Everyone else: "Don't worry, be happy."
[size=-2]This has been a 101 Feel-Good message from the Ministry of Love, co-sponsored by the Ministry of Truth.
http://en.wikipedia.org/wiki/Room_101[/size]
Cheers,
your minister...
Here is what is going to happen (what is supposed to happen). Treausury (Paulson) will be buying up the most worthless assets for the highest price and will get "rewarded" accordingly (kickbacks)
Quote from Gringinho:
Pretty interesting stuff. The June 2008 book by Naomi Klein, makes some compelling views on how it all "ties together".
http://en.wikipedia.org/wiki/Naomi_Klein
I'm a big fan of systems science...
http://en.wikipedia.org/wiki/Systems_science
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There are several parts to this interview 01 - 06.
Interesting how George W. Bush's father talked of a peace dividend with economic benefits to ending the Cold War.
http://en.wikipedia.org/wiki/Peace_dividend
What's so new about this thesis? This has existed among academicians for a long time. She justed dressed it up in newer terms.
Too bad the educational system has failed to inform the public, and that "edutainment" has filled up people's brains to the point where they "can't learn any new tricks any longer".
Just turn the other cheek and put some ointment on those rug-burns, right? Xanax and some bourbon will cheer you up.
Breaking free is hard to do and rehab doesn't always work, some keep failing the "universally absolute truth".