poncho
Well-Known Member
Recent interventions by central banks to flush liquidity into panic-stricken financial markets have demonstrated again the wistful make-believe of the corporate "free market" fairy tale. It has no happy ending. Free markets exist no more than fairies do. On the other hand, big bad transnational wolves and carnivorous fee-fi-fo-fum financial giants abound and rig markets to catch as many victims as they can.
Industries like financial services, pharmaceuticals, agri-business, oil and petrochemicals, mining, armaments production, media and communications are dominated by a handful of companies. Nothing is free about a market dominated by the few dozen corporations that together control such vast areas of the global economy. Likewise, the grotesque equation "free markets = democracy" touted so glibly by corporate-owned media and corporate-owned politicians amounts to a terminal corruption of language.
An underlying connection exists between the fraudulent verbal currency used by corporate media to misrepresent the conflicts in Iraq, Afghanistan, Palestine and elsewhere and worth-less-and-less monetary currency in the form of dollars and diverse credit derivatives paper blown around global financial markets by speculators. International markets have taken up the London Stock Exchange motto "My word is my bond" and turned it into "My word is my bond so long as some market-rigging bankers' cartel will somehow bail me out."
It was Czar Alexander and Talleyrand who with much satisfaction agreed they could change the meaning of words from one 19th Century G-8 meeting to the next. In those days, they called it the Congress System. Then, European despots ran the system to enrich themselves and their loyal elites, to sacrifice masses of their people to savage industrialization and to effect their colonialist genocides around the globe. In North America, their US and Canadian understudies learned the lessons well. Now similar kinds of elites sacrifice their peoples to corporate globalization and work their neo-colonial barbarism using double duplicity to get what they want.
Politically, they have exploited their peoples' fear of terrorism. Offering security, they have removed fundamental liberties and executed foreign policies violating the UN Charter and humanitarian and human rights law in a way bound to provoke terrorist retaliation. Economically, they have offered prosperity by deliberately fomenting an extended, unsustainable credit boom. Now they try to cover up the bust while still pursuing unsustainable policies that promote inequality at home and abroad. It is impossible to overstate the greed and cynicism of the global elites.
CONTINUE...
Caesar is begining to look alot like a bunch of unaccountable self serving elites. Wonder which of their North American minnions we'll "elect" this time?
Industries like financial services, pharmaceuticals, agri-business, oil and petrochemicals, mining, armaments production, media and communications are dominated by a handful of companies. Nothing is free about a market dominated by the few dozen corporations that together control such vast areas of the global economy. Likewise, the grotesque equation "free markets = democracy" touted so glibly by corporate-owned media and corporate-owned politicians amounts to a terminal corruption of language.
An underlying connection exists between the fraudulent verbal currency used by corporate media to misrepresent the conflicts in Iraq, Afghanistan, Palestine and elsewhere and worth-less-and-less monetary currency in the form of dollars and diverse credit derivatives paper blown around global financial markets by speculators. International markets have taken up the London Stock Exchange motto "My word is my bond" and turned it into "My word is my bond so long as some market-rigging bankers' cartel will somehow bail me out."
It was Czar Alexander and Talleyrand who with much satisfaction agreed they could change the meaning of words from one 19th Century G-8 meeting to the next. In those days, they called it the Congress System. Then, European despots ran the system to enrich themselves and their loyal elites, to sacrifice masses of their people to savage industrialization and to effect their colonialist genocides around the globe. In North America, their US and Canadian understudies learned the lessons well. Now similar kinds of elites sacrifice their peoples to corporate globalization and work their neo-colonial barbarism using double duplicity to get what they want.
Politically, they have exploited their peoples' fear of terrorism. Offering security, they have removed fundamental liberties and executed foreign policies violating the UN Charter and humanitarian and human rights law in a way bound to provoke terrorist retaliation. Economically, they have offered prosperity by deliberately fomenting an extended, unsustainable credit boom. Now they try to cover up the bust while still pursuing unsustainable policies that promote inequality at home and abroad. It is impossible to overstate the greed and cynicism of the global elites.
CONTINUE...
Caesar is begining to look alot like a bunch of unaccountable self serving elites. Wonder which of their North American minnions we'll "elect" this time?
