18-10-2008, 03:51 PM
Peter - I agree that Michael Hudson is always interesting.
Governments are exchanging "Taxpayer Cash for Wall Street Trash". We taxpayers will be burdened with the Trash, whilst the financial elites cavort merrily with our Cash.
The most striking aspect of Hudson's analysis is that the shock therapy which Goldman Sachs & Citigroup's Robert Rubin applied to Russia, in creating a kleptocratic class and hugely enriching them (through for instance fraudulent privatizations of state companies with access to natural resources) whilst impoverishing & enslaving the vast majority of ordinary Russians, is exactly what former Goldman Sachs CEO Paulson is now doing to America with his "bailout bill". Hundreds of billions of dollars of taxpayer money are being handed to the financial elites, who will then force hundreds of thousands of ordinary families out of their homes.
However, fascinating as the economic analysis is, I still think this ends either in a First World Rex 2008 (martial law) or a false flag atrocity/war. In other words, as per Paul Craig Roberts in that interview, we end up with fascism.
Governments are exchanging "Taxpayer Cash for Wall Street Trash". We taxpayers will be burdened with the Trash, whilst the financial elites cavort merrily with our Cash.
The most striking aspect of Hudson's analysis is that the shock therapy which Goldman Sachs & Citigroup's Robert Rubin applied to Russia, in creating a kleptocratic class and hugely enriching them (through for instance fraudulent privatizations of state companies with access to natural resources) whilst impoverishing & enslaving the vast majority of ordinary Russians, is exactly what former Goldman Sachs CEO Paulson is now doing to America with his "bailout bill". Hundreds of billions of dollars of taxpayer money are being handed to the financial elites, who will then force hundreds of thousands of ordinary families out of their homes.
However, fascinating as the economic analysis is, I still think this ends either in a First World Rex 2008 (martial law) or a false flag atrocity/war. In other words, as per Paul Craig Roberts in that interview, we end up with fascism.
"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war