America’s Deceptive 2012 Fiscal Cliff » Counterpunch: Tells the Facts, Names the Names

America’s Deceptive 2012 Fiscal Cliff » Counterpunch: Tells the Facts, Names the Names.

CRACKERNOMICS 2

If such a thing were possible Michael Hudson is an economist with a good heart but like all Germans he is infected with some of the most poisonous ideas that come from CRACKERNOMICS.

Hudson believes that somehow THE BANKS have managed to completely usurp the control functions of Anglo Saxon societies and to coerce or persuade the Govenrment to embark on a programme that will ultimately empoverish or destroy vast swathes of the econmony.

Michael Hudson evidently holds out hope for a return to Keynesianism, unable or unwilling to understand that Keynesianism was simply a step on the road that led  to the  system developing into the cesspit we see before us today.

Michael Hudson seems to me a little bit like the prisoner who hopes the good cop (nice politicians), will come back for a little bit to give him some relief from the badgering and bullying of the bad cop ( bankers).

But this is the bit where the prisoner has to sign a blank statement so that the cops can fill in the ‘confession’ later. It does not matter  which of them persuades/forces you to do it- You Are Going To Sign

IN FACT THE POLITICAL CLASS  ARE BEHIND ALL THIS. THEY ARE THE ONES WHO HAVE BEEN WORKING TOWARD THIS END SINCE THEY WERE DEFEATED IN 1945.

THERE ARE NO SEPERATE POLITICAL PARTIES IN THIS RESPECT.

KEYNESIANISM WAS A CONCESSION BY THE POLITICAL CLASS AS A WHOLE TO SOCIETY AS A WHOLE.

Now it is being taken back.

And a whole lot more

» Facebook Purges Pro-Gun Accounts Alex Jones’ Infowars: There’s a war on for your mind!

» Facebook Purges Pro-Gun Accounts Alex Jones’ Infowars: There’s a war on for your mind!.

alex-jones-lunatic

Facebook is accused of summarily shutting down pro gun accounts in the wake of the Sandy Hook massacre on the basis they violate ‘company policy’. No further explanation is given.

PayPal and others were seen to conspire to prevent donations being made through the internet to WIKILEAKS again, no formal explanation was given.

These are two high profile examples of the way that privately owned infrastructure systems will be increasingly used to control public debate on any number of issues.

All adherents to the religion of private propery had better take this opportunity to think long and carefully about the consequences of allowing the fundamental systems of society to fall into private hands.

CRACKERNOMICS rabble rouser Alex Jones squeals like a Saxon pig when the butchers knife is brought close to the hide of his INFOWARS scam: but this is the same person who will be telling you in the next breath that any attempt to place even minimal controls on privately owned organisations is a Soviet takeover.

Further, if you think that the above two examples are egregious examples of private power in the public sphere, wait until the Democratisation of Money gets fully underway!

Imagine going to make a withdrawal from your ATM only to be told that your last purchase ‘violated company policy’ and as a consequence your account has been suspended for two days.

CRACKERNOMICS

Prison Planet.com » The Fiscal Cliff Is A Diversion: The Derivatives Tsunami and the Dollar Bubble.

PAUL CRAIG ROBERTS is the great uncle of CRACKERNOMICS

What is Crackernomics?

CRACKERNOMICS is a relatively recent form of ‘radical’ economics practiced by (Germanic) White Protestants. It was created in the aftermath of the Credit Crunch.

CRACKERNOMICS is derived from Monetarism and Reganomics and takes elements of traditional Germanic right wing and left wing politics and analysis to create a new synthesis. It tries to explain the economic and political emergency that has swallowed the Germanic world as follows

  • The CREDIT CRUNCH is the result of specific discretionary policy decisions such as the repeal of the Glass Steagall Act in the 1990’s.
  • The CREDIT CRUNCH is not the inevitable consequence of economic and political developments since the end of the GERMANIC wars in 1945.
  • It is possible to materially change what is happening to the GERMANIC economic system (usually by buying gold or attacking the Big Banks etc etc.) see Max KEISER

Paul Craig Roberts argues that the entire economic policy of the united states is

‘dedicated to saving four banks that are too large to fail’, ‘

implying that this is a distorted and imbalanced economic policy caused by the undue influence of a small group in the American economy.

As a consequence of this savers are deprived of ‘interest income’ which forces them into government bonds to protect what wealth they have remaining.

Roberts argues that the real problem is the massive amount of derivative creation that equals many times the worlds real GDP. However, Roberts correctly observes that much of the derivative exposure ‘nets out’ meaning that the real extent of the exposure to risk it represents is impossible to calculate.

He then goes on to express the hope that this situation will somehow bring about a revolution of some kind blah, blah….

The reality is this

Government monetary policy is dedicated to preserving the developing DEMOCRATISED MONEY system that is being created, not specific institutions.

The repeal of Glass Steagall is only one element of the deregulated framework necessary for DEMOCRATISED MONEY.

State issued money is being stripped of most of its core functions in preparation for these functions being transferred wholesale to DEMOCRATISED MONEY

The function ‘interest producing’ is the main function that is being stripped away at the present time. Government issued bonds will now perform this function in the short to medium term.

When this process is finished only the exchange function will remain in the control of the state and this state of affairs will continue unless and until this also can be made profitable.

Derivatives are simply one form of DEMOCTRATISED MONEY. Their net worth is impossible to calculate in the same way that any form of independent National currency is.

That is the whole point of the exercise.

Each form of DEMOCRATISED MONEY will have its own inflation and exchange rate.

When the government finally is able to abandon the interest function you and everyone else will be forced to choose one of many forms of democratised money to protect your ‘wealth’.

Then you will find out that these new forms of money are money like lottery tickets than rail tickets.

And then we will all be ‘risk takers’ and ‘entrepreneurs’.

Whether we like it or not.

CRACKERNOMICS spends its time lamenting this new state of affairs and suggesting hair brained schemes to allow the HERRENVOLK of the Anglo Saxon world to hang on to their ill gotten gains.

Germanic world domination is coming to an end.

Whom the Gods would destroy they first make mad