Comments for "Are We Headed for Another Great Depression?" My talks with Elaine Meinel Supkis at http://atlanticfreepress.com , comment 1 to 4 out of 4 comments http://atlanticfreepress.com Thu, 09 Feb 2012 18:25:39 +0100 FeedCreator 1.7.3 http://atlanticfreepress.com/news/1/1559-qare-we-headed-for-another-great-depressionq-my-talks-with-elaine-meinel-supkis.html#comment-4258 save food flour grow gardens can food, fire places pellet stove , solar panels, gold, buy water. it stores for a long time, battiers tents camper ect. your home if not your will not be, fire wood get ready people. - jrp Mon, 21 Jan 2008 02:26:47 +0100 http://atlanticfreepress.com/news/1/1559-qare-we-headed-for-another-great-depressionq-my-talks-with-elaine-meinel-supkis.html#comment-2178 I am a 2 tour Vietnam Veteran who recently retired after 36 years of working in the Defense Industrial Complex on many of the weapons systems being used by our forces as we speak. Politicians make no difference. We have bought into the Military Industrial Complex (MIC). If you would like to read how this happens please see: http://www.vanityfair.com/ politi...spyagency200703 Through a combination of public apathy and threats by the MIC we have let the SYSTEM get too large. It is now a SYSTEMIC problem and the SYSTEM is out of control. Government and industry are merging and that is very dangerous. There is no conspiracy. The SYSTEM has gotten so big that those who make it up and run it day to day in industry and government simply are perpetuating their existance. The politicians rely on them for details and recommendations because they cannot possibly grasp the nuances of the environment and the BIG SYSTEM. So, the system has to go bust and then be re-scaled, fixed and re-designed to run efficiently and prudently, just like any other big machine that runs poorly or becomes obsolete or dangerous. This situation will right itself through trauma. I see a government ENRON on the horizon, with an associated house cleaning. The next president will come and go along with his appointees and politicos. The event to watch is the collapse of the MIC. For more details see: http://rosecoveredglasses.blogsp...ement- from.html - johniue Sun, 13 May 2007 13:31:30 +0100 http://atlanticfreepress.com/news/1/1559-qare-we-headed-for-another-great-depressionq-my-talks-with-elaine-meinel-supkis.html#comment-2165 No big suprises here--I think many of us have a good view of the landscape and a good idea as to the inevitable destination that awaits us down the road (this is not meant to take anything away from the author--her comments are comprehensive, succinct, well documented and organized, and beautifully expressed). It seems to me that it may take much longer to get to this inevitable destination than is commonly acticipated. Note only are the Feds cooking the books, but they are very actively manipulating markets ("the shovelling of millions of dollars out the helicopter door over the Wal-Mart parking lot" senario). What I wonder about is what is going on in these peoples minds. For example, when GWB is telling us how marvelous the economy is, is he being malevolent or just unbelievably stupid? - g Anton Fri, 11 May 2007 03:50:37 +0100 http://atlanticfreepress.com/news/1/1559-qare-we-headed-for-another-great-depressionq-my-talks-with-elaine-meinel-supkis.html#comment-2163 this article appears in the March 2, 2007 issue of Executive Intelligence Review. There are, worldwide, between $500 and $600 billion in investments outside Japan, which took place with the help of cheap yen credits, benefitting from the favorable interest rates. If the yen now starts to rise, on the basis of the rise in interest rates, the effect would be much greater than 0.25%. The main beneficiaries of the carry-trade are the big banks, hedge funds, and equity funds, whose derivatives trading has led recently to a worldwide pyramiding of all segments of the market. The gigantic bubble of the casino-economy has to grow; that is, it must make profits, and for this it requires a continuous flow of liquidity. At the moment that these capital streams start to flow in the opposite direction, because of the changed interest rates and exchange rates, panic and an interlinked cluster of risks could lead to a meltdown of the system. Who Is Really To Blame? A widespread misconception exists, that behind the "financial locusts"—which are massively participating in the carry-trade, and which are now snapping up everything that's not nailed down, including in Germany, from Mittelstand [small and medium-sized] enterprises—there lurks somehow "the U.S.A." and "Wall Street." Indeed they are involved; but as the Economist reported in its Feb. 3-9 issue, in an article headlined "Britannia Redux: A special report on Britain," the City of London boasts that it is henceforth the most important financial center in the world, and thus the British Empire has been revived in the form of globalization. And London is not the capital city of a normal nation, but also that of the Commonwealth, to which, for example, the Cayman Islands, Bermuda, and the Bahamas belong. And according to the the CIMA, financial authority of the Cayman Islands, 7,481 of the 9,000 worldwide hedge funds are registered in the Cayman Islands, a British Crown Colony. These so-called offshore markets are subject to no banking oversight or regulation on the part of central banks or governments. In 1993, the "Mutual Fund Law" was passed, according to which the simplified establishment or registration of hedge funds in a deregulated system should be facilitated. The goal was that the Cayman Islands—which have already been, since the beginning of the bubble economy, with the creation of the Eurodollar market, an Eldorado of uncontrolled credit creation—should be made into even more of a pivot of the "finance industry." Since the middle of the 1990s, the hedge funds were advised to have their financial operations registered in the Cayman Islands, where they could operate outside national laws and regulation. In this way, the hedge funds got the biggest share in the British financial system. In the course of time, the banks that had initially been the main credit sources for the hedge funds, became increasingly consolidated with these funds, which now, through their takeovers, are exploiting and sucking out the wealth of many nations. How the Locust Funds Operate A report by the consulting firm McKinsey & Co., from January of this year, points out that Wall Street and the U.S. are losing out to London as the center of world finance. And this is a matter of insanely huge arrangements: The Bank for International Settlements (BIS) reports that there are $370 trillion in outstanding so-called over-the-counter (OTC) derivatives. The largest type of derivatives are interest-rate derivatives, with $262 trillion, of which 34% are handled in London, and 24% in New York and Chicago. The third-largest category of derivatives is the $38 trillion in foreign-exchange (currency) derivatives, of which 49% are handled in London, and only 16% in New York. And these bubbles are increasing at such an insane tempo that their assets in 2006 grew around 63% (!) in London, and "only" 13% in the United States. But no one, no government, and no central bank, knows the real dimensions of the financial activities of the "financial locusts," who suck the guts out of valuable industrial firms and other objects of speculation worldwide, for their own profit, and then leave them in ruin. Because there is no transparency for these activities, as German Finance Minister Peer Steinbrück has many times complained. And if one accounts for the enormous volume of loot taken by these "robbers and plunderers" (to quote a spokesman for the British GBM trade union), it is not surprising that Great Britain and the U.S. Administration have, so far, directly opposed all efforts for re-regulation of this predatory monster. When [Social Democratic leader] Franz Müntefering in the Summer of 2005, first enunciated the concept of "locusts" for the hedge funds and equity funds, he was absurdly accused by the international financial press of anti-Semitism. Since then, they have constructed the myth that Germany, through these statements and its repeated demands for transparency or even regulation, has caused irreparable damage. In truth, this is a veiled slander campaign by the international financial circles, which John Perkins described in his book Confessions of an Economic Hit Man, which is well worth reading. The fact is, that the completely lawless piracy of the locusts has not only led to enormous losses of public property, but also the limitless greed of the speculation-driven willingness to take risks, poses the greatest danger to the world financial system in a long time. The enormously increasing volume of the carry-trade, backed by the ascent of the hedge funds, could at any moment detonate the system, for the locusts coldbloodedly make use of the fact, that interest rates do not fluctuate with supply and demand, but are fixed by the central banks. Since Japan went along with the pressure from Washington and London to keep its interest-rate rises minimal, for years there has been a de facto zero interest-rate policy, which allowed a spiral of speculation to take off by means of the carry-trade, pumping liquidity into the various bubbles. But now, eight members of the Board of the Japanese central bank have shown more interest in the stability of the yen than in the potential chain reaction that these interest-rate increases could let loose. In September 1998, as a result of the Russian state's default in August, the LTCM hedge fund, which was at that time the world's largest, threaten to go bankrupt, which in turn threatened the meltdown of the world financial system, as the BIS said in its annual report. Only because the 16 largest banks in the world put together a giant bailout fund of over $4 billion for the LTCM hedge fund, which stabilized over $100 billion in derivatives, was a crash of the system averted. Since then, the number of hedge funds and the volume of their raids has grown many-fold. The global financial system, with its totally over-indebted banks, is today a minefield, in which literally thousands of mines are going off and could set off a mega-collapse. Thus, for example, a new war against Iran would be the death-knell for the financial system, which would throw the world into chaos, and it cannot be excluded that part of the financial oligarchy sees this as the only way to try to keep their control, or to prevent their replacement by those who are oriented toward the common good. A New Bretton Woods Now! There is only one way out: a U.S. government liberated from Cheney and Bush must, together with Russia, China, and India, place on the agenda a new organization of the global financial architecture, in the tradition of Franklin D. Roosevelt, as Lyndon LaRouche has proposed, and as is currently being discussed in the American Congress. The hedge funds, equity funds, and their virtual assets will have no place in such a new system. The best thing that the nations of Europe could do in their own interests, is to work for this New Bretton Woods. from -----http://www.larouchepub.com/lar/2007/3416where_the_future.html This article appears in the April 20, 2007 issue of Executive Intelligence Review. Where the Future Lies by Lyndon H. LaRouche, Jr. British evil designs. " since the days of foolish Louis XIV, it has been a persisting, pro-imperial, Anglo-Dutch Liberal "geopolitical" strategy, sometimes called a Fabian strategy, to lure targeted rivals into wars by which they ruin themselves to Anglo-Dutch Liberal strategic advantage. This was the way in which the British East India Company acquired its private world empire, through the so-called "Seven Years War" culminating in the February 1763 Peace of Paris, and the London determination, from 1763 on, to crush those American colonies which had been crucial in Britain's war to wrest Canada from France. The U.S. War in Indo-China and the current U.S. military operations and postures in Southwest Asia, are typical of the ways in which London has induced the U.S. government to, repeatedly, play the fool in this way. Indeed, many among our Baby Boomers in the U.S. Congress are still playing the role of official dupes of that strategic game. World War Three, or its equivalent, is a proposition now on the table, a policy to be openly rejected now, or to be adopted by default. The London-centered, still-as-always-geopolitical intention, is to pit the U.S.A. into a virtual, even an actual, nuclear war against Russia, China, and India. The number of suckers ready to bite that bait, within the U.S. Senate, for example, is more disgusting than it should be considered surprising. A Baby-Boomer fish, running for President or otherwise, that would swallow Gore's "Global Warming" swindle, is clearly prepared to swallow almost any similarly baited hook. The brief, but crucial role of that de facto political boss of the British East India Company, the Eighteenth Century's Lord Shelburne, in his 1782 accession to the post of Prime Minister, was not only a crucial turning-point of inflection in course of world history; it has crucial relevance for any competent understanding of the strategic crisis of this planet today. Not only did Shelburne maneuver the Americans' allies, the U.S.A., France, and Spain, into separate peace negotiations, but, with the assistance of relevant freemasons under British control, notably the Martinist freemasonry, orchestrated the series of 1782-1789 developments leading into the self-destruction of U.S. ally France, that in a series of events which began with the atrocious farce which the British orchestrated as Philippe Egalité's July 14, 1789 assault, armed and directed by him personally, at the Bastille. This was the assault conducted ostensibly on behalf of Philippe's crony Jacques Necker's candidacy for Prime Minister of Louis XVI's France.[2] These events included such delicacies as the succession of that Reign of Terror, and that Bonaparte tyranny which Count Joseph de Maistre's Martinist freemasonry orchestrated as the economic spoiling of continental Europe for British imperial advantage. Thus, following the American defeat of London's Cornwallis, there was a period of more than seventy years, from those France events of 1782-1789 through the U.S. victory over London's Confederacy in 1865, during which the British Empire's control over the world's monetary-financial systems was frequently challenged, but without actual success. However, by the time of the U.S. Philadelphia Centennial celebration of 1876, the U.S. 1865 victory led by President Lincoln over the globally orchestrated, anti-U.S. schemes of Britain's Lord Palmerston, had created a new situation in the world at large. A new situation had emerged, in which the anti-monetarist American System of political-economy was widely regarded as the available alternative to submitting to the imperial tyranny of the same neo-Venetian Anglo-Dutch Liberal form of monetary system which has dominated the world afresh, since August 1971.[3] "Geopolitics" was the name of the British imperial reaction to the post-1865 copying of the key features and intentions of the Hamiltonian American System, among a significant number of nations within the continent of Eurasia, and also spreading into Central and South America. "Geopolitics" meant, in fact, defense of William of Orange's Anglo-Dutch Liberal strategy for blocking and destroying the threat represented by the rival influence of conceptions and policies, such as those of France's Jean-Baptiste Colbert, leading into the design for what became the constitutional form of of the U.S.A. economy. The result of President Lincoln's victory over the British puppet known as the Confederacy, was the outbreak of open warfare under London's direct supervision of the continuing 1895-1945 Japan policy of war against China, Korea, and Russia, and the London-orchestrated Balkan wars leading into what became known as World War I. Lord Kitchener's invasion of Sudan has remained an included, featured pivot of British imperial geopolitics, worldwide, to the present-day in Darfur. This continuing geopolitical impulse of the post-1865 times, led, thus, into both World War I, and to the initial British sponsorship of Benito Mussolini and Adolf Hitler, leading into what became known as World War II. It was the motive for a Franklin-Roosevelt-hating Prime Minister Winston Churchill's continuing influence, even after his ouster, over the U.S.A. under Roosevelt's successor, Harry S Truman.[4] U.S. President Franklin D. Roosevelt had managed to outflank the early-on Hitler backers in London and Wall Street, to the effect that the United Kingdom had dumped Edward VIII, to join, later, with Roosevelt, and with Stalin, in defeating what would have otherwise become a long world empire under the Hitler system. However, the same London and Wall Streets which Roosevelt had temporarily weaned away from Hitler's cause, soon showed, under President Harry Truman, that once Hitler were out of the way, it was the legacy of Franklin Roosevelt which London now wished to uproot, even by methods which amounted to a return to some crucial features of the Hitler system. Among relevant circles in Boston and Manhattan, most notably, the leading intention at that time, and since, has been to assimilate Boston[5] and Manhattan into London, as early as this might be pulled off. The assassination of President John F. Kennedy, and the ruinous effects of the U.S. plunge into the trap of a Indo-China war led, thus, to the near-triumph of what President Eisenhower denounced as the "military-industrial complex" represented, today, by the intimate alliance of Prime Minister Tony Blair, Al Gore, and the Bush-Cheney Administration. Under the currently ongoing parody of the "Peloponnesian War" in Southwest Asia, by President George W. Bush, Jr., Cheney, and Britain's Prime Minister Tony Blair, that with the foolish complicity of many leading Sophists among the Democratic Party's currently leading figures, the wrecking of the U.S. and its economy is nearly completed today. So, Fabian Society agent Al Gore's "Global Warming" swindle, now added to the already existing mess, has, suddenly, nearly destroyed the U.S. Democratic Party as a viable leading institution—unless we can reverse this awful error now. For the moment, a London-directed Al Gore is deployed to induce the U.S. to wreck itself with an insane plunge into Gore's proposed "Bio-Foolery"; but, do not be so naive as to assume that the powers behind the curtain in London intend to destroy themselves, economically and otherwise. Blair and his like are intended to be dumped, once their assigned role has been, so to speak, "used up." New policies are on the drafting board for those upcoming times. Until recently, there is a great fear within certain Anglo-Dutch Liberal circles, including U.S. figures associated, as Henry A. Kissinger and Felix Rohatyn were, with George Shultz in putting Augusto Pinochet's mass-murderous, fascist dictatorship into power in Chile. The fear behind pushing the Bush-Cheney Administration into power in Washington, has been, that a new world financial crisis would bring a resurgent patriotic echo of President Franklin Roosevelt back into power. At the moment, the Anglo-Dutch Liberal followers of Prince Philip and the late Nazi-SS veteran Prince Bernhard, manifestly wish, that the virtual national suicide of the U.S.A. be accomplished by the Bush-Cheney Administration. This arrangement, however temporary the intention, has brought the matter to the point, that, apparently, these treasonous fellows have almost finished off the possibility that the U.S.A., or even its memory, could become again an effective obstacle to an Anglo-Dutch Liberal world empire of the sort called "globalization." Both Philippe and Necker were established members of relevant, quarreling international circles of the leading freemasonries of that time. Philippe was already notorious as a British asset during his Paris quarrels with Benjamin Franklin, whereas Necker had married into the same social circles as his wife's former suitor, Edward Gibbon of Decline and Fall of the Roman Empire notoriety. The bloodier features of the French Revolution were steered from the office of Lord Shelburne's Jeremy Bentham in the British Foreign Office's "Secret Committee" operations which ran the most significant events, such as the Danton and Marat, and Robespierre of what was called, euphemistically, "the French Revolution." One today might be tempted to say, "After all, it seems that so little has actually changed!" [3] The Anglo-Dutch Liberal form of world monetary system established by the followers of Venice's "New Party" leader Paolo Sarpi appeared as a new form of attempted world-rule by monetary usury. The American System of political-economy, as revived by President Franklin D. Roosevelt, is defined by the principles of the U.S. Federal Constitution as a credit system, as leading U.S. economists such as Henry C. Carey followed Alexander Hamilton's principles of national banking on this account. Boston's Harvard University, where British "courtesy agent" in the Confederacy tradition of "The Agrarians," William Yandell Elliott, had created the Henry A. Kissinger of the Augusto Pinochet affair and Operation Condor, imperfectly, as if from mud, and where Judge Lowell, acting on Lord Shelburne's behalf, had earlier founded the gentleman's practice of treason in America. - avatar singh Fri, 11 May 2007 00:17:05 +0100