Kissinger and Roberts- Making the world safe for the elite

[Mort Zuckerman]

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Subject: Kissinger and Roberts- Making the world safe for the elite

Date: Nov 17, 2008 5:05 AM

[ARTICLE BELOW]

Um, Bill Kristol would like to blame Nixon, but we must
remember who was Nixon's advisor (Kissinger). It was
on Nixon's watch that the dollar was undone.

Kissinger was around every corner. Bush Senior believed
war stimulated the economy. Kissinger worked for both
Israel and Rockefeller.

Knowing they had blown up the dollar and that the pampered
future of the elite (they like Connecticut- it really is a
paradise) was to include the deliberately uneducated American
morons as the world's police force, they intended for this
world police force to be paid for with Arab oil.

Kissinger always believed they - the real banksters, Rockefeller
and Rothschild, et al - that they needed to be in control
of the world's resources (energy and minerals):
http://www.actionlyme.org/DURHAM_BUSH_CRIME.htm

If you really take a hard look, there are no US ideologies
any more. Many of the things the Christian Democrats are
saying is what the pre-Neoconned Repugnicants believed. We
Christian Democrats simply oppose the Repignicant Blame-The-
Victimology. We don't allow the Bigs to tell us what to
think, in other words, which is what the stupid Repugnicants
have always done. Example: "Anti-Gay" comes from the insurance
companies who think Gays have health risks, which they do. But
Gays are less expensive to insurance companies than Lyme
victims. Christian Democrats believe what people do in their
own bedrooms is ***their own business;*** we don't want it
on parade, in other words.

The former 2 main parties like to blame each other for
what happened, but the truth of the fall of America started
with Nixon unhooking the dollar from a precious metal.

No one in America voted for or agreed that we would be
the world's police. No one was allowed to vote on the
issue of whether the dollar should not be backed by something
real. If the Repugnicants plan on repenting, they all need
to go back to college and learn how to think, and they need to
go back to Bible School and retake that course on how we'll
all be judged:
http://www.biblegateway.com/passage/?search=matthew%2025:31-46;&version=49;

Here is one more ism from the Catholic Church, where
Maria Shriver answers her own question:
http://www.washingtonpost.com/wp-dyn/content/video/2008/04/16/VI2008041602291.html

Women are not allowed to be priests because they
always criticize each other. The Church believes if
there is a women priest on the altar, all the rest of
the women will be checking out her hair and nails, etc
rather than paying attention to the mass and the sermon,
which is true.

In the interview, Shriver says women are super-self-critical,
when the bigger half of that is that women are more
critical of each other. Men tend not to be so gossipy
about each other. That was true at least until Karl
Rove feminized GOP and the USDOJ.

And Roberts is right. We have to sell something very
big, like Alaska, to retool for new energy, or else
we will have another Civil War.

Kathleen M. Dickson
http://www.actionlyme.org
http://www.relapsingfever.org

==================================
http://vdare.com/roberts/081116_crisis.htm

VDARE.COM - http://vdare.com/roberts/081116_crisis.htm

November 16, 2008
The Crisis Has Hardly Begun

By Paul Craig Roberts

"The prospects of a government rescue for the foundering American
automakers
dwindled Thursday as Democratic Congressional leaders conceded that
they would face
potentially insurmountable Republican opposition," reported the NY
Times last
Friday. [Chances Dwindle On Bailout Plan For Automakers, By David M.
Herszenhorn,
November 13, 2008]

Wow! The entire country is steamed up over the Republicans bailing out
a bunch of
financial crooks who have paid themselves fortunes in bonuses for
destroying America’s
pensions. Why do Democrats want to protect Republicans from further
ignominy by
not giving them the opportunity to vote down a bailout for workers?
Quick, someone
enroll the Democratic Party in Politics 101.

GM’s divisions in Canada and Germany are asking those governments for
help. It will
be something if Canada and Germany come through for the American
automaker and the
American government doesn’t.

Conservative talking heads are saying GM is a "failed business model"
unworthy of a $25 billion bailout. These are the same talking heads
who favored
pouring $700 billion into a failed financial model.

The head of the FDIC is trying to get $25 billion--a measly 3.5
percent of the $700
billion for the banksters--with which to refinance the mortgages of 2
million of
the banksters’ victims, and Bush’s Secretary of the Treasury Paulson
says no. Why
aren’t the Democrats all over this, too?

Apparently, the Democrats still think they are the minority party—or
else their
aim is to supplant the Republicans as the party of the rich.

Any bailout has its downsides. But if America loses its auto industry,
it will lose
the suppliers as well and will cease to have a manufacturing sector.
For years no-think
economists have been writing off America’s manufacturing jobs, while
deluding themselves
and the public with propaganda about a New Economy based on finance.

A country that doesn’t make anything doesn’t need a financial sector
as there is
nothing to finance.

The financial crisis has had one good effect. It has cured Democratic
economists
like Robert Reich and Paul Krugman of their fear of budget deficits.
During the
Reagan years these two economists saw doom in the "Reagan deficits"
despite
the fact that OECD data showed that the US at that time had one of the
lowest ratios
of general government debt to GDP in the industrialized world.

Today Reich and Krugman are unfazed by their recommendations of budget
deficits
that are many multiples of Reagan’s. Moreover, neither economist has
given the slightest
thought as to how the massive budget deficit that they recommend can
be financed.

Both recommend large public spending programs. Krugman puts a price
tag of $600
billion on his program. If it takes $700 billion to save the banks and
only $600
billion to save the economy, it sounds like a good deal. But this $600
billion is
on top of the $700 billion for the banks, the $200 billion for Fannie
Mae and Freddie
Mac, and the $85 billion for AIG. These figures add to one trillion
five hundred
eighty-five billion dollars, a sum that must be added to the budget
deficit due
to war and recession (or worse).

What we are talking about here is a minimum budget deficit of $2
trillion. The US
has never had to finance a deficit of this magnitude. Where is the
money coming
from?

The US Treasury doesn’t have any money, and neither do Americans, who
have lost
up to half of their savings and retirement funds and are up to their
eyeballs in
mortgage and consumer debt. And unemployment is rising.

There are only two sources of financing: foreign creditors and the
printing press.

I doubt that foreigners have $2 trillion to lend to the US. Thanks to
the toxic
US financial instruments, they have their own bailouts to finance and
economies
to stimulate. Moreover, I doubt that foreigners think the US can
service a public
debt that suddenly jumps by $2 trillion. At 5 percent interest, the
additional debt
would add $100 billion to the annual budget deficit. In order to pay
interest to
creditors, the US would have to borrow more money from them.

Economists and policy-makers are not thinking. This enormous financing
need comes
not to a well-managed economy that can take the additional debt in its
stride. Instead,
it comes to an economy so badly managed that there are no reserves.

Massive US trade deficits have been financed by giving up US assets to
foreigners,
who now own the income flows as well. Budget deficits from 6 years of
pointless
wars and from unsustainable levels of military spending have helped to
flood the
world with dollars and to drive down the dollar’s exchange value.
Consumers themselves
are drowning in debt and can provide no lift to the economy. Millions
of the best
jobs have been moved offshore, and research, design, and innovation
have followed
them. Considering America’s dependency on imports, part of any
stimulus package
that reaches the consumer will bleed off to foreign countries.

Generally, when countries acquire more debt than they can service,
they inflate
away the debt. If foreign creditors do not save the Obama
administration, the Treasury
will print bonds and give them to the Federal Reserve, which will
issue money.

The inflation will be severe, particularly as Americans will not be
able to pay
for the imports of manufactured goods from abroad on which they have
become dependent.
The exchange value of the dollar will decline with the domestic
inflation. Once
inflation is off and running, the printing press dollars will only
have goods made
in America to chase after. The real crisis has not yet begun.

Paulson should rethink the automakers’ and FDIC’s proposals. A bank
produces nothing
but paper. Automakers produce real things that can be sold. Occupied
homes are worth
more than empty ones.

Paulson’s inability to see this is the logical outcome of Wall Street
thinking that
highly values deals made over pieces of paper at the expense of the
real economy.

Paul Craig Roberts [email him] was Assistant Secretary of the Treasury
during President
Reagan’s first term. He was Associate Editor of the Wall Street
Journal. He has
held numerous academic appointments, including the William E. Simon
Chair, Center
for Strategic and International Studies, Georgetown University, and
Senior Research
Fellow, Hoover Institution, Stanford University. He was awarded the
Legion of Honor
by French President Francois Mitterrand. He is the author of Supply-
Side Revolution
: An Insider's Account of Policymaking in Washington; Alienation and
the Soviet
Economy and Meltdown: Inside the Soviet Economy, and is the co-author
with Lawrence
M. Stratton of The Tyranny of Good Intentions : How Prosecutors and
Bureaucrats
Are Trampling the Constitution in the Name of Justice. Click here for
Peter Brimelow’s
Forbes Magazine interview with Roberts about the recent epidemic of
prosecutorial
misconduct.

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