A Global Plan

3 Comments

1. Much is explained in Ms Fitts’ Slow Burn post below. “…Deliberately engineered…, Housing Bubble is extension of Slow Burn. Sobering and hard to stomach but stomach we must. Was it Galbraith in regard to economic rules that commented that the system is whatever you want it to be? Used book stores are packed with titles such as The Coming Crash of _______ (fill in almost any year). Slow Burn counters much of the alternate media economic hype.

   I have spent some time pondering the world map of inflation rates by country, (also someplace below). Sobering also as some of the highest inflation areas seems to be those with highest potential.

   Harvard did a ‘revolution study’ showing expectation far greater than badness of situation and is most important factor. With TV and the inoperable union system here there will be no positive change from within. The coming military failures in Iraq and Afghanistan will make little difference either, they are already factored in. The only possibility of change that I see will come from Third World revolt against ‘free trade’. This has already started in Africa with the rejection of AFRICOM. I keep my eye on the equatorial capitols of Quito and Kampala. Even with this the “slow burn” might conceivably be shortened but I reluctantly accept it as ‘foreseeable future’.

2. My understanding of this stems from the fact that the Federal Reserve has quite clearly been engaged in a process of allowing private wealth interests to loot this country. They’ve allowed the worst impulses of greed to hold sway, and they’ve turned the finance industry into multiple layers of ponzi schemes – speculation on speculation on speculation – allowing the “consumer” to be the engine of debt to play their games with. Well, the “consumer” (an outrageous thing to call a human being, imo) ran out of bullets in the early 70s, so the Fed, in cahoots with the U.S. Treasury, has created ideological cover for a series of ponzi schemes to keep the party going. Reagan’s “trickle down economics” deregulatory insanity completed this process of consigning our economy to the loony bin. The increasingly outrageous engines of debt generation this has allowed, of which the housing bubble was only the latest, are now over. And in ponzi schemes, woe unto the person who finds himself at the bottom of the pyramid when the jig is up. The only thing to do now is rebuild the real economy – rail systems, infrastructure, and manufacturing. But where’s the fabulous unearned wealth for all the Smartest Guys in the Room in that?

   It is imperative that the Federal Reserve System be dissolved ASAP. Cunning, clever and smart do not equal intelligent. These too-clever idiots, who that think their positions of influence give them the right to turn economic systems into private wealth-creation games, should each be forced to live for the next 20 years somewhere in middle America so they can personally experience the human suffering and community destruction that their looting shenanigans have wrought.

3. Hello,

   I’ve searched all around your website to try to find an explanation for your above statement: “It will now be more obvious to astute observers that the Housing Bubble was deliberately engineered.” Can you tell me what it is about the Paulson Plan that shows this crisis was engineered?

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