Tapsearch Com EditorShock and Awe economics hits the wall
January 13th 2010 18:32
Bizarre Politics Reports:
Shock and Awe economy follows Bush, Clinton and Alan Greenspan
Let the shell games begin - repeating the proven historical economic sins over and over again
We do not need any conspiracy theories to know Free Trade and Globalization did not evolve in any natural economic fashion. They were driven by powerful forces outside the will of the people. It is also obvious that workers had no voice in the process.
Free Trade was re-defined to include the moving of factories and production outside the USA. Historically Free Trade and all trade was based on trading products and not using human beings as workers as the main commodities.
We are in the age of branding and images. Greenspan sold Greenspan. In 1968 or so we wrote that gold should be the standard behind money. Fourty years later, he said his paper money imitated the gold standard.
In his book The Age of Turbulence, I found no mention of the Free Enterprise systems nor was it in the index. It seems strange but more strange is the fact that the Free Market stops at the door of the Federal Reserve Bank. It is private master bank of banks but does not allow the Free Market past its doors. The only thing federal about this private corporation is the director is selected by a vote in Congress.
On our site, we were going to review Greenspan's book The Age of Turbulence in just one page or two but find ourselves continuing into several pages of articles. We found we had our destiny woven into this although we come from two different worlds.
See Alan Greenspan from the trenches
and Alan Greenspan dancing in the dark
and confessions for history At the site you will find more. See Greenspan Orchestra without Drums and Greenspan Economic Gymnastics. In his book, Greenspan tells us that billions were spent in the Y2k crisis and then he tells us what a wonderful economy we had during the Clinton's years never connecting the Y2k problems with the economy.
Billions of dollars were spent to correct the problems and artificially boosted the economy.
Greenspan does not tell us what caused the Y2k crisis either.
He does not talk about more than a million workers in the computer industry losing their jobs. For almost a decade, computer systems lack good housekeeping because of the vast lost of jobs.
It should also be noted that more than 4,000 U.S. factories were moved to Mexico during Greenspan term in office. Greenspan did not trust human nature. He put greed on the altar of economics as something good.
( See also tapsearch.com/flatworld Review of Thomas Friedman's book - The World is Flat - New York Times
What surprised me the most in Alan Greenspan's book was how much he wrote about the New Harmony workers community experience in defense of a one size fits all "free market" system and free trade that is not trade.
However, he left out very important historical information about the Lend Lease Act which curtailed the Great Depression and The Marshall Plan that restored Europe and Asian local value added economies. Instead he tells about giving away the U.S. production base which perhaps represents the value of about ten Marshall Plans and how much better this money value could have been used.
Now we face a shock and awe economy in a "Bewildered New World" with President Obama repeating the funny money monopoly games in the global economic arena where everyone seems to be losing now.
Pres Obama repeats the mistakes of the past in a shock and awe economic nightmare
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