Spin #1: The problem has been unregulated markets.
Real Deal: The problem was a debt bubble engineered by the Federal Reserve and the U.S. government with massive amounts of government guaranteed debt and credit and government intervention to manipulate the precious metals and financial markets that drained productive players across all sectors and facilitated a financial coup d’etat. This included the use of enforcement powers to protect and encourage the bubble and the financial coup. Examples: Stopping state attorney generals from taking appropriate action to enforce against predatory lending or holding parties accountable and destroying efforts to make placed based data on federal credit and finances accessible to communities.
Spin #2: The solution is more regulation and Federal Reserve and U.S. government control.
Real Deal: The solution to a bank robbery is not to give more power to the bank robber. Crime that pays is crime that stays. Let’s get the money back and run the bank robbers out of town. Let’s make financial information accessible to citizens so that they can see financial crime before it gets out of hand. Now, that’s real accountability.
this has nothing to do with your article — I just happened to come across your name. My maiden name was Margarete Wollitzer, born in Schladming, Austria, daughter of Johann Wollitzer, granddaughter of Joseph Wollitzer and as my father explained, there were no Wollitzer’s left as far as he knew. Well, thanks to Google, I found quite a few and now I am wondering where they came from. As far as I know my great-grandfather lived in the Czech Republic and moved to Schladming, Austria. My great grandmother’s name was Steinbach.
I am just interested about your name and where you came from….
Hi,
When I worked at the United Nations Development Programme in 1970-72 (as a receptionist while
I was studying anthropology)they had a slogan on their brochure “one economic world. I saw
a change from lovely peole retiring during my first year a nice little club with champagne retirement parties when U Thant was the secretary general and my boss Paul Hoffman a lovely
refined gentlement who stood on line at the cafeteria with the rest of us…to KURT WALDHEIM
the next UN secretary general with Rudolph Peterson (the ex head of the Bank of America)
heading UNDP…all of a sudden secretaries had to work for 6 bosses in “pool”..well paid
management consultants were hired with good contracts, my boss wore DEMOCRATS FOR NIXON button
and the whole vibe of the UN changed. People do not realize that when they had the 50th
anniversary of the UN they wanted to invite the prior secretary generals but they could
not because Herr Waldheim was not permitted into the USA since he hid his NAZI past…
even Arrafat was allowed in…so we had a NAZI running the UN for 11 years…the Arab oil
embargo, devaluation of the dollar and other bad things really incubated during that time.
Many of the big boys at the UN and major corporations came from UNDP. I wondered why my
$9 electric bill trippled and other things, but could not figure out what was going on.
I gave it a name ECONOMIC FACISM. People thought I was crazy…by the way Bush senion
was the Ambassador to the UN during that time. I had a friend who worked in the UN library
for 11 years prior and I remember him telling me Nixon lobbied (against regulations) to put
Waldheim in. Nobody writes about the harm that was incubated during the rein of Waldheim when
the seeds of globalization were sewn…..
I’ve been observing local instances of predatory lending affecting friends. I appreciate your explanations and leadership in taking the point lead in a possible journey toward enlightenment.