Chomsky prediction comes true ??

People don't realise that the fed is essentially Jp morgan chase and bank of england.. no one seems to question why its chase that gets all this great deals...I beleive this whole mess is manufactured... just so the elite can consolidate more american real wealth and power..

In terms of cost to the victims (the American tax payers), it is the biggest one in History, but no, nothing has gone wrong with it; it's right on track. Even the fact that more and more people learn about it was factored into its planning.

reply to post by Unknown Perpetrator


reply to post by Unknown Perpetrator


Do you hear yourself think, or read what you wrote?

On one hand you want to spout off about revolting against the system that is robbing and enslaving us.

In the same paragraph, you want to take a shot at the government and people of Zimbabwe for doing that very thing.

If "They" can't manage their own affairs, what sense would it make for the rest of the world to continue to put all their lives, land and wealth in the hands of a few of the same kinds of people?

The majority need to take control of their own lives, futures and resources.
And people in the rest of the world has just as much a right to do that as you think you do.

reply to post by Unknown Perpetrator
The following excerpt is from David Icke's book, "Children Of The Matrix" David predicted all of this coming, it's been planned out for a reason, the Illuminati are planning to complete their financial control of the human race with a world central bank and one global electronic currency. This bank would make all the major financial decisions affecting every country. The currency would eventually bring an end to physical "cash" and all other currencies

"Americans believe that because the word "Federal" appears in the title that the Federal Reserve is part of their Federal Government. This is not true. The Federal Reserve is neither federal nor has any reserve. It is a cartel of private banks controlled from Europe, i.e. the Rothschilds and the Illuminati. It has not produced audited accounts since it was formed in 1913 and yet this is the source of the national debt in the United States. This is how it works.

When the government wants to borrow money it issues a government "bond" or "IOU" to the bank, say for a billion dollars. The bank then prints a billion dollars or simply creates it on a screen and this costs the "Fed" nothing because it pays the negligible cost of a few thousand dollars with more fresh-air "money". From that moment the US taxpayer begins to pay the privately-owned "Fed" interest on a billion dollars. More than that, the government's IOU, now in the Fed's hands, is counted as an asset of the bank and so it can now lend ten times its "value" (in this case ten billion dollars) and charge interest on that, too. This is happening in every country in the world!

When you go into a bank and sign over "collateral" for a loan, the same scam is played. Your house, land, or business is counted as an asset of the bank and they can lend ten times its estimated value to other customers. When you take out a loan you are borrowing your own wealth and paying the bank for the privilege. Also, the banks have a system known as "bank trades," which allows them infinite potential for loan "capital".

If, even by these ludicrous banking laws, a bank does not have enough on deposit to make a certain loan, it "borrows" money from another source. That source only has to put money on deposit at the bank for a short period -a month, even a few days -and during that time the bank can legally make a loan of ten times the figure the outside source has deposited. Once the loan has been made, the source gets its money returned, plus a massive interest payment for its trouble.

There is no need for anyone to be hungry or in poverty in this world. This is purposely engineered through the system of "money" and debt created by the Illuminati. The central banks are part of one network, the same as the oil companies, and they are all controlled by the Illuminati bloodlines. The Bank of International Settlements in Basle, Switzerland, and the International Banking Commission, are the bodies that co-ordinate the policies of the apparently unconnected central banks. See ...And The Truth Shall Set You Free and The Biggest Secret for the fine detail and sources of what you are reading in this chapter.

The public does not have a clue where money comes from. They just have some vague idea that the "government" prints it or something. In truth, all except a fraction of the "money" in the world comes into circulation through the private banks making "loans" of non-existent "credit". So "money" comes into "existence" as a debt from the very start because "money" is brought into circulation by the banks issuing a loan or "credit".

In this way, the banks (ultimately controlled by the same people) have complete control over how much "money" is in circulation. And the money in circulation decides if we have an economic boom or depression. People suddenly deciding they don't want to work, buy things, or have a home, is not the cause of economic depressions. They happen when there are not enough units of exchange ("money") in circulation to generate the economic activity that provides the necessary employment and income. Who controls how much "money" is in circulation? The Illuminati banks do. The following is a summary of how the "economic cycle" has been played out for centuries".

www.bibliotecapleyades.net...

PROBLEM: OH MY THE SKY (BANKS) ARE FALLING CHICKEN LITTLE!
REACTION: OH MY WE NEED SOMETHING TO BE DONE WHAT EVER SHALL WE DO CHICKEN LITTLE?
SOLUTION: (Illuminati Bankers) OH MY LET'S SET UP A ONE WORLD BANKING SYSTEM (So we really have you humans by the galls).

Wake up................David Icke predicted all this a decade ago.

[edit on 27-9-2008 by ofhumandescent]

reply to post by thefreepatriot

Very good post, starred and flagged and I believe you are absolutely correct.

Manufacted with a capital M.

Now come on folks, wake up, I have seen "people in power" and nothing such as their "money" is left up to "chance" they do not operate by the seats of their pants like the rest of us, this "collapse" was planned and orchestrated to manipulate the people into acceptance of "the solution" namely a one world banking system and a consolidation of the wealth, namely out of our pockets and into "theirs".

Also, who do you think is going to ultimately pay for this?

The middle class and before you know it, there will be no middle class, only the "Kings" and the "servants".

Again, David Icke predicted this very same thing would happen more then a decade ago.




[edit on 27-9-2008 by ofhumandescent]

reply to post by Unknown Perpetrator


It is time for change in the power structure of the financial world. The call for New World Financial Order is a little suspicious is it not?

People have to rethink how business can be done on a level that disincludes the interests of the banks in question. A "gentleman's agreement" is an old adage but adapting that to include gentleman's trade / currency is another.

What if people started using gold & silver for trade NOW.

Where did you source the original Chomsky from? ...Just need a source, thanks.

I think people get lost in the details. If you ignore the sleight of hand diversion of your attention, and look at the real factors that are creating this mess, it is much easier to understand.

Markets depend on supply, and DEMAND. World market forces have been shifting the labor market steadily overseas for several decades now, in addition, a flood of legal and illegal workers of all stripes have been flowing into first world nations to push down the cost of labor, technology, and middle management, all of which reduces the demand side of the equation. To prop up demand, credit has been greatly reduced to keep the fractional reserve banking house of cards together. Debt propped up demand can only last for so long, as the cost of maintaining the debt eats more and more into the demand equation, until maintenance of the debt results in cutting back on demand, and the system begins to deflate. This is where we are now.

This is not a situation that the financial power brokers want, because the nature of the fractional reserve system requires constant growth. The people invested in this system the most, the financial bankers, and all investors in general, are the ones who will lose the most when this system begins to contract, as it currently is. They can not borrow their way out of this system. These boom bust periods have been going on as long as there have been markets, and no one has succeeded in bucking the system yet, and it certainly is not from lack of trying. If the whole thing collapses, everyone will loose wealth, even the super rich, and a review of these collapses throughout history demonstrates this.

The elephant in the room that no one is talking about is peak oil, which occurred in 2005. The easy to access high quality crude is drying up. At the same time, we are seeing that demand for crude does have its limits. People who are financially tapped out, either by the disconnect between median income and rising costs, and or the inevitable debt ceiling, can't afford to continue to spend more and more of their incomes on oil.

What this energy crunch creates is that economically feasible alternative energy sources are now starting to be able to compete against the giant oil cartels. These new energy alternatives are far more dependent on labor and technology, which is very good news for the middle class.

The financial sectore would like people to believe that they are the only people capable of dealing with this financial market mess, because if people wake up and realize they don't need all these market mechanisms to survive, they will turn away from this system, and the financial world will be left to their own fate. All the people need to do is simply refuse to pay the fed reserve enourmous debts. We can always return to the barter system, and bypass world currencies, exchanging labor for labor, goods and services for goods and services, rather than banking notes. The world's elite can not depend on the world's armies to turn on the people that they are a part of. Once again, this has been historically proven over and over again.

The whole world conspiracy concept is only sleight of hand, intended to distract people from the real situation. The skilled middle class doesn't really need the world financial system. The truth is, world financial markets need the skilled workers and technologists for their survival.

reply to post by poet1b



I agree that we have never seen bankers, brokers and consultants so scared. If you actually know how to grow, make, repair, sell anything vital, you're going to be fine. But since most of that is now done in the developing world, it is easy to freak people out in the developed world. But there are many people who are going to be just fine, just as there are many people who's ridiculous quality of life will adjust to their actual productivity.

I think that as harsh as this is on latte-drinking, live-to-shop, paper-pushing yuppies, it may turn out in a few years to be the best thing that ever happened to clean energy, green manufacturing, permaculture / organic local farming and small business. The lower classes have been suffering for years, but until people with connections are affected things don't change fast enough. And timing may be crucial.

So - is this crisis a cover for another crisis? Are we being manipulated to help ourselves? Is it a mistake or a necessity? No question, it's not being done with finesse, but even "they" can make goofy moves and "they" fight amongst themselves clearly.

interesting times. great post!

reply to post by trusername


Thanks, this whole thing does have a lot of people seriously worried. Personally, I don't think the average person is going to be affected so much. People who bought homes they could not afford, yes, but they may be able to get out from under a curshing debt, and turn it into something positive.

Originally posted by susp3kt
Where did you source the original Chomsky from? ...Just need a source, thanks.

www.chomsky.info...

This was written in 1993.... Chomskys foresight is that he was talking long term.... most people living in a consumer society can't see into next week. Anybody reading this on the upside of the dot.com boom or 2006 during the housing boom would have thought he was crazy.

I've been saying myself to friends and anybody that would listen for over a decade than
Capitalism would fail by design.... it's amazing how many americans don't want to acknowledge this. Communism was a much more stable system.... it was constantly under economic attack from the West for over 50 years... however American/London styled Corporate Capitalism has fell under it's own greed and weight, no external forces applied

So below in bold was the fate awaiting working and middle class Americans in print in 1993.... how prophetic does this piece seen now ?? The people only have themselves to blame drowning in a sea of ignorance.

In general, the L.A.C. report concludes, "U.S. corporations, and the owners and managers of these corporations, stand to reap enormous profits. The United States as a whole, however, stands to lose and particular groups stand to lose an enormous amount." The report calls for renegotiation, offering a series of constructive proposals. That remains a possibility if the coalition of labor, environmental and other popular groups that has been calling for such changes gains sufficient popular support [see Amy Lowrey and David Corn, "Mexican Trade Bill: Fast Track to Unemployment," The Nation, June 3, 1991].

reply to post by Unknown Perpetrator

Well, Chomsky got it wrong with regards to Adam Smith. And that pretty much blights whatever else Chomsky had to say after that, since Adam Smith was used as a major part of Chomsky's premise.

Originally posted by Areal51
reply to post by Unknown Perpetrator

 

Well, Chomsky got it wrong with regards to Adam Smith. And that pretty much blights whatever else Chomsky had to say after that, since Adam Smith was used as a major part of Chomsky's premise.

Nice throwaway statement, you need to explain in further detail.....

reply to post by Unknown Perpetrator

Read my first post on page 1.

Originally posted by Areal51
[
Can you cite a source for that? Noam Chomsky seems to be a person who would take the time to understand Adam Smith. Nevertheless, the passage is a misrepresentation of what Adam Smith actually said. And if Noam Chomsky is responsible for that, it wouldn't be the first time that someone who should have known better has attributed nonsense to Adam Smith. (In the past I've done so myself. Now I know better. But I'm not Noam Chomsky either!)

Adam Smith said that the price system, the relative prices of what is exchanged, is what affected market behavior. He argued against the concept of an invisible hand affecting the market.

[edit on 27-9-2008 by Areal51]

I posted the source to the Chomsky link earlier.

As to him misquoting Smith, Smith used the invisible hand metaphor 3 times in his writing.... I guess you need to read the Wealth of the Nations to understand it in context. However the other snippets Noam uses found below which sort of vindicates his use of this quote. That market forces destroys the diveristy of the workers skills/life for what the market demands.

In short he's using a few different snippets other than the invisible hand phrase.

www.adamsmith.org...

His dexterity at his own particular trade seems, in this manner, to be acquired at the expense of his intellectual, social, and martial virtues. But in every improved and civilised society this is the state into which the labouring poor, that is, the great body of the people, must necessarily fall, unless government takes some pains to prevent it.

Personally, My interpretation of Smiths Invisible hand was similar to the concept of 'trickle down economics'.... if you read the below there is no mention of anybody affecting market prices... it's a unconscious side effect of market behavior unless you're referring to some other obscure 'Smth use' elsewhere in his writings.

Likewise Regans flawed side effect of trickle down... today the wealth of the top 5% is increasing under 8 years of Bush cuts..... everybody else is getting poor. Likewise Smith
elitist sponsored work is promoting another market fantasy!

But the annual revenue of every society is always precisely equal to the exchangeable value of the whole annual produce of its industry, or rather is precisely the same thing with that exchangeable value. As every individual, therefore, endeavors as much he can both to employ his capital in the support of domestic industry, and so to direct that industry that its produce may be of the greatest value; every individual necessarily labors to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was not part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good. It is an affectation, indeed, not very common among merchants, and very few words need be employed in dissuading them from it. (IV.ii.6-9, page 456 of the 1776 Glasgow Edition of Smith’s works; vol. IV, ch. 2, p. 477 of 1776 U. of Chicago Edition.)

This was written in a time of international trade where news travelled slowly and markets couldn't be manipulated as easily as today..... if Simth was around today writing he'd talk of a new 'Invisible Hand'



[edit on 29-9-2008 by Unknown Perpetrator]

reply to post by Unknown Perpetrator

Okay, I concede. I reread your OP. AND, most importantly, I read the entire article by Chomsky that you cited: Notes of NAFTA: "The Masters of Man".

It took me reading the whole of Chomsky's article to get what you were talking about. See, that's is why it is important to cite your sources! Confusion ensues when you don't.

Initially I thought you were making the tired claim that an invisible hand is responsible for the market forces in today's capitalist system. My explanation and Gavin Kennedy's explanation still hold true to my original interpretation of your OP.

However, that's not what you meant, and only by reading Chomsky's article did I understand your point.

Yes, it's true that modern captains of industry influence government and its legal system to the benefit of the captains of industry at the expense of the common man. The captains of industry are always protecting their position and interests because their practices if not aided by laws and government will destroy everything including the captains themselves.

This is why the captains of industry are again attempting to seize governmental powers to benefit their positions indefinitely. If they do not, many will fail because much of what they have created has no value. Most of the wealth was illusory. That is why they are attempting to pass it off onto the masses. This is why the Fed along with the Treasury Secretary are engaging in criminal enterprise to suck the last bit of fidelity out of the United States of America.

The market has behaved just as Adam Smith said it does. Price has determined everything. That is why when the system of sub-prime mortgage derivatives, credit default swaps, and collateralized debt obligations failed, the short sellers attempted to eat alive the institutions that relied on those schemes. Those financial instruments were worthless and the short sellers began to bet correctly that the institutions that were leveraged on those financial instruments would fail.

If you remember, some time last week the SEC banned short selling after John McCain made the remark that if he were POTUS he would have fired the SEC chief. And so the short sellers were demonized in the press, when in fact they were doing exactly what they were supposed to do. They were ridding the markets of worthless paper, diseased institutions, and wealthy white collar criminals.

Enter the panic button that the Bush Administration is adept at pushing. And so the current situation we are in. The threat of the immediate decimation of the middle class. The Bush Administration, the Fed, and the Secretary of Treasury basically has a gun pointed to the head of middle class Americans. Either we pay the debt of the criminal elite or they pull the plug on all of our securities. At least that's what they want us to think. But what Bush, Paulson, Bernake and company are really afraid of is Mob Justice.

I've just noticed that the bill failed to pass the House of Representatives. Things should already be getting interesting!

reply to post by Unknown Perpetrator


After years of writing various "communist manifestos", I'm sure he has, in the thousand of pages wasted, got a couple of things right...

He now has some time to gloat, or has he? Being the intellectual Elitist, that he is, I am sure he is also lousing part of his fortune...

Communist manifestos??

I think he's even handed in his disdain for both left & right politics in the US:

There is no space for a review of the record, but just to illustrate, let us keep to the Kennedy administration, the left-liberal extreme of the political spectrum, with an unusually large component of liberal intellectuals in policy-making positions. During these years, the standard formula was invoked to justify the invasion of South Vietnam in 1962, laying the basis for one of the great crimes of the twentieth century.

reply to post by Unknown Perpetrator


Capitalism isn't going to fall, it is going through a natural cycle, the likes of which it has gone through many times in the past, that all natural systems go through. Market economies aren't perfect but they are far, far superior to communism. With communism it was all one big slow down hill slide.

Communism constantly attacked market economies as much as market economies fought communism. The two systems are completely incompatible. Communism was by far a much greater failure as an economic system. Communism consistenly created highly aggressive and oppresive governments. No thanks, no communism for me.

reply to post by poet1b


Explain China.