Tapsearch Com EditorGreenspan annointed while real world works
December 20th 2007 02:05
Bizarre Politics Reports:
Greenspan from the trenches- part 3
This post is part of a series in our review of Alan Greenspan's book - The Age of Turbulence - It should be called Two Different Worlds
The Annointment of Greenspan
Here are a few things, Alan Greenspan does not talk about in his book The Age of Turbulence. We already noted that his support for the Free Market does not include the Federal Reserve itself which monopolizes the flow of money being a master bank of banks. All competition is blocked.
To his credit, he does not get into the Smooth Hawley Tariff act of 1930 that other Free Traders say caused the Great Depression in 1929. ( How can something cause something to start a year after the fact. ) Evidently, using this tariff act as a cause of the Depression is finally fading away. Smooth Hawely was passed well after the Depression started. Following this, almost everything in the world came to a standstill. Since the end of World War 1, there were various approaches as far as trade was concerned. Some involved tariffs and others did not. However, in those days trade was based on trading products and so any comparisons with today are faulty since most of Free Trade today is based on moving factories and production from place to place for the sake of cheaper labor.
Back then the threat of wars grew real. Nations were running in place trying to see which way they should go and trade was far from their minds at the time. They were more concerned with just surviving.
Then came the Lend Lease Act. Greenspan ignores this important part of our history.
Franklin Roosevelt set the tone as to who we would support. However, England and France were out of money. Germany however found a way to climb out of their economic hole by building a war machine. The Allies after World War One wanted Germany to be just one big farm without manufacturing. However, as the years glided by, the Allies did not have the power to impose their will on Germany and Hitler came to fill the void.
President Roosevelt said - I am not going to let the dollar - ( or lack of dollars ) get in my way and he led the way in getting the Lend Lease Act passed. He took a page out of Germany's military build up observing what can happen when you have war mixed with economics. Under the Lend Lease Act, he activated U.S. industry to produce goods and equipment for the Allies. As the factories ramped up, the economy surged. Products start flowing across the ocean to save the world from the Axis of evil in those days. In essence, he declared war on Germany in the first Lend Lease shipments leaving the USA.
He told the Allies, you can pay us later but in most cases, the USA never was repaid. Entering the war, President Roosevelt took "Uncle" Joe Stalin as his ally to stop Hitler. Our farms took off too supplying the Allies and Stalin with mountains of grain.
This was real Free Trade. It also proved you can not do business with someone who does not have money. In order to get things cooking, you need to find ways for others to gain value and assetts to trade with you.
Today with Free Trade, the U.S. ships subsidized corn to Mexico knocking out the corn growers there. The growers were subsistent farm workers who worked the land for centuries with Mexico known for being the land of corn. Two hours, after the unfair NAFTA trade agreement was passed confirming the process, the Zapatista Chiapas revolution began in 1994. The populace ignited in anger about the loss of their existence as farmers. Hundreds if civilians lost their lives when the Mexican government bombed some towns. The revolution was put down my the Mexican army and the populace flowed to the cities to find jobs. In the end the U.S. subsidized corn was one of the major causes for the flow of illegal immigrants to America. This happened in spite of the fact, the U.S. moved more than 4,000 factories to Mexico but like in the USA, there are jobs in Mexico that Mexican workers will not take for pennies a day. See The sell-out of American and Mexican workers and The Zapatista Chiapas Revolution
President Bill Clinton had to rush billions of dollars to Mexico to save the peso and the Mexican economy while Alan Greenspan was playing with interest rates in the USA. A priest from our city took a caravan of trucks full of food to Mexico to help the Chiapas. Alan Greenspan leaves most of this story out of his book.
Our most popular article at Ezine Articles is Lend Lease was real Free Trade and not chopped liver as it is in the Dysfunctional Globalist Free Trader world
In 1950-51 while Alan Greenspan had his Masters Degree, playing with the big boys and on his way to Columbia, I was in the trenches. I was an eighteen year old Set-Up man for three assembly lines making oil burning furnaced and later as I attended college during the day, I spot welded at night. I was in the real world of the workday. At the same time, I found out about all of the above. Since then, most of this information has been buried. Other stories have been substituted. The U.S. never really was in any position where they could activate protectionism. And don't forget, Pearl Harbor came after we shipped Japan most of our scrap steel in the 1920s and early 1930s. The scrap steel was turned into weapons. If we practiced protectionism back then, I wonder if there would have been a war with Japan.
It now looks like we lost the war fifty years later in the deindustrialization of our nation. Free Trade is not trade. It is really all about moving factories outside of the USA. See Explore the lost worlds in the Globalist Free Trader Flat World of Thomas Friedman from the New York Times, the Clintons from the land of "is" and the Bush family where nothing is personal - it's only business
The Annointment of Greenspan
Here are a few things, Alan Greenspan does not talk about in his book The Age of Turbulence. We already noted that his support for the Free Market does not include the Federal Reserve itself which monopolizes the flow of money being a master bank of banks. All competition is blocked.
To his credit, he does not get into the Smooth Hawley Tariff act of 1930 that other Free Traders say caused the Great Depression in 1929. ( How can something cause something to start a year after the fact. ) Evidently, using this tariff act as a cause of the Depression is finally fading away. Smooth Hawely was passed well after the Depression started. Following this, almost everything in the world came to a standstill. Since the end of World War 1, there were various approaches as far as trade was concerned. Some involved tariffs and others did not. However, in those days trade was based on trading products and so any comparisons with today are faulty since most of Free Trade today is based on moving factories and production from place to place for the sake of cheaper labor.
Back then the threat of wars grew real. Nations were running in place trying to see which way they should go and trade was far from their minds at the time. They were more concerned with just surviving.
Then came the Lend Lease Act. Greenspan ignores this important part of our history.
Franklin Roosevelt set the tone as to who we would support. However, England and France were out of money. Germany however found a way to climb out of their economic hole by building a war machine. The Allies after World War One wanted Germany to be just one big farm without manufacturing. However, as the years glided by, the Allies did not have the power to impose their will on Germany and Hitler came to fill the void.
President Roosevelt said - I am not going to let the dollar - ( or lack of dollars ) get in my way and he led the way in getting the Lend Lease Act passed. He took a page out of Germany's military build up observing what can happen when you have war mixed with economics. Under the Lend Lease Act, he activated U.S. industry to produce goods and equipment for the Allies. As the factories ramped up, the economy surged. Products start flowing across the ocean to save the world from the Axis of evil in those days. In essence, he declared war on Germany in the first Lend Lease shipments leaving the USA.
He told the Allies, you can pay us later but in most cases, the USA never was repaid. Entering the war, President Roosevelt took "Uncle" Joe Stalin as his ally to stop Hitler. Our farms took off too supplying the Allies and Stalin with mountains of grain.
This was real Free Trade. It also proved you can not do business with someone who does not have money. In order to get things cooking, you need to find ways for others to gain value and assetts to trade with you.
Today with Free Trade, the U.S. ships subsidized corn to Mexico knocking out the corn growers there. The growers were subsistent farm workers who worked the land for centuries with Mexico known for being the land of corn. Two hours, after the unfair NAFTA trade agreement was passed confirming the process, the Zapatista Chiapas revolution began in 1994. The populace ignited in anger about the loss of their existence as farmers. Hundreds if civilians lost their lives when the Mexican government bombed some towns. The revolution was put down my the Mexican army and the populace flowed to the cities to find jobs. In the end the U.S. subsidized corn was one of the major causes for the flow of illegal immigrants to America. This happened in spite of the fact, the U.S. moved more than 4,000 factories to Mexico but like in the USA, there are jobs in Mexico that Mexican workers will not take for pennies a day. See The sell-out of American and Mexican workers and The Zapatista Chiapas Revolution
President Bill Clinton had to rush billions of dollars to Mexico to save the peso and the Mexican economy while Alan Greenspan was playing with interest rates in the USA. A priest from our city took a caravan of trucks full of food to Mexico to help the Chiapas. Alan Greenspan leaves most of this story out of his book.
Our most popular article at Ezine Articles is Lend Lease was real Free Trade and not chopped liver as it is in the Dysfunctional Globalist Free Trader world
In 1950-51 while Alan Greenspan had his Masters Degree, playing with the big boys and on his way to Columbia, I was in the trenches. I was an eighteen year old Set-Up man for three assembly lines making oil burning furnaced and later as I attended college during the day, I spot welded at night. I was in the real world of the workday. At the same time, I found out about all of the above. Since then, most of this information has been buried. Other stories have been substituted. The U.S. never really was in any position where they could activate protectionism. And don't forget, Pearl Harbor came after we shipped Japan most of our scrap steel in the 1920s and early 1930s. The scrap steel was turned into weapons. If we practiced protectionism back then, I wonder if there would have been a war with Japan.
It now looks like we lost the war fifty years later in the deindustrialization of our nation. Free Trade is not trade. It is really all about moving factories outside of the USA. See Explore the lost worlds in the Globalist Free Trader Flat World of Thomas Friedman from the New York Times, the Clintons from the land of "is" and the Bush family where nothing is personal - it's only business
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