O.B.I.T.
From dot.com to 9.11 -- the populist view
Dick Eastman
They wanted to wean us from politics to "read-only" virtual politics lost in cyberspace, glued to the image of the beast, where words and more words and image and more images cancel each other out leaving us paralyzed with indecision and too much information and argument that never ends -- a committee of millions with no chairman or rules of parliamentary proceedure -- meanwhile you reveal everything about yourself to the conspiracy organized to taken in and process everyone's personal data.
they start investing in dot.com ----> this big investment calls for entrepreneurs and inventers and engineers and programmers to build up cybernetics hardware and software ----> many firms in the dot com "revolution" ----> the entrpreneurs, programmers, engineers, many small firms, Silcon Valley California boom ----> "the future has arrived" "possibilities endless" "will remake the world" "electronic democracy" etc. ----> heavy borrowing and higher interest rates all during this time (Clinton prosperity)
----> high interest rate debt is accepted because prospect for profit at this time warrant the risk premium ----> lenders enjoy seller's market in loanable funds ----> dot.com technologies and systems are built up ----> banks slow lending ----> purchasing power in dot.com diminishes ----> smaller firms who gambled on continuing purchasing power in the field are forced to sell out or face bankruptcy ----> seller's market in lending now results in buyer's market for distressed firms unable to pay high-interest debt in the new deflation ---->
O.B.I.T was a 1963 episode of The Outer Limits written by Meyer Delinsky -- exploring the fear and
hostility that result from a surveillance machine developed at a Department of Defense research
center - the machines finding their way into everyone's hands -- the real purpose uncovered
during a murder investigation. O.B.I.T stands for Outer Band Individuated Teletracer,
is a remarkable technology that can track and monitor any individual, anywhere, for any length
of time! When its true purpose -- destruction of human society -- is discovered and its origin
at the end of the story -- the assumption is that now the machines will be rounded up and
destroyed.
Meanwhile Bill Clinton gives the entire US Patent Office files of all patents to China while at the same time dismantling the military -- not becaue he is a liberal "peace-nik" as was the image he projected but so that when the Bush 43 team took over with the 9-11 false-flag attack the contracts for military build-up would have to built up again to replace what was given to Israel or junked -- all debt financed.
Next came the Neo-con "Republican" team under the figurehead George W Bush, who won the election as "the compassionate conservative in the post-cold-war era" ----> the 9-11 false-flag conducted by the Rothschilds and their new closest associated the Chinese Communist Party got Israeli deep cover operatives and dual-citizenship "Jews-firsters" arrange for the false-flag mass-murder frame-up to impose police state controls on Americans, to start a series of wars, to deficit finance through Jewish international banking and the military industrial complex and "emergency reconstruction" corporations they own. The two parties functioned as tag teams. Meanwhile the American people in their own domestic economy for meeting their own household needs -- were starved of purchasing power in a super deflation -- where the only money to be had was in trading home equity for second mortgages to pay down bills -- which is why the Fed always ratcheted down interest rates -- to keep successive waves of refinancing and second mortgage taking coming.
The control of public opinion needed for 9-11 national deception to suceed was provided by the dot.com revolution. THe blessings of technology unleashed in the free atmostphere of California -- taken over by corporations serving Financial Organized Crime and the deficit-financed war racket -- to ruin America and kill a lot of Moslem neighbors of China and Israel.
It the realized version of O.B.I.T. traditional polling techniques used by politics are no longer necessary -- those polls are not rigged affairs for public opinion manipulation only, as in forcing the narrowing of peoples impressions of which candidates can beat the greatest evil to what is a lesser evil who always turns out as bad or worse then the one they voted to avoid.
They know out thoughts, of values, the words and issues that move us -- and with this knowledge they can create candidates in the primaries to divide the populist vote among many candidates -- each appealing to a different segment of demographic categories -- so that real populists lose votes to the fake populists put in the field. In this way they can get anyone elected -- because they know all of our minds and can peel us away from supporting each other through what they know from the internet and what they can fill us with with their control of the mass-media (including fake "alternative media" like Alex Jones for Ron Paul.
No one is telling you this because all of the experts -- especially in the alternative media -- are paid by people who want this deflationary depression to continue.
Which party holds the White House is not the only cause determining economic events. The S&P 500 is not the only measure of Americans' economic well-being. Often Congress, which decides the spending, has been in the hands of the other party during various presidential tenures. Take the Bill Clinton years. Gingrich controlled the House after 1994. A large share of S&P gains were dot com bubble related. Roosevelt had WWII. Johnson Vietnam and the Great Society "War on Poverty." Government spending, most of it deficit financed. Deficit financed government spending just means more interest burden to pay through taxes and austerity later. And what of the Federal Reserve which has twice seen chairmen appointed by presidents of one party being reappointed by the president of the other party.
The truth is the standard of living and the hope for the future have declined under all presidents. I'm a pro-business Republican who knows that the S&P 500 does not translate into saving the middle class and more made-in USA production. There is something broken in the financial sector that has caused all this debt and lack of purchasing power. The president and Congress that fixes that problem will bring back a rising standard of living and a bright future for future graduates. Jacking the S&P 500 with extra deficit spending is definitely not what I'm looking for.
The truth is the standard of living and the hope for the future have declined under all presidents. I'm a pro-business Republican who knows that the S&P 500 does not translate into saving the middle class and more made-in USA production. There is something broken in the financial sector that has caused all this debt and lack of purchasing power. The president and Congress that fixes that problem will bring back a rising standard of living and a bright future for future graduates. Jacking the S&P 500 with extra deficit spending is definitely not what I'm looking for.
The 3 Biggest Drops in S & P value was the year after Watergate (-31%) , 9-11 (- 13% 2001 and -23% in 2002) and 2008 (-38%)
Watergate was a Democrat coup - they deserve credit for that one.
2008 is in the lap of the financial sector and the Federal Reserve banking regulators
Watergate was a Democrat coup - they deserve credit for that one.
2008 is in the lap of the financial sector and the Federal Reserve banking regulators
The biggest jumps 1980 (+25%), 1985 (+26%), 1997 (31%), 1998 (26%) , 2003 (26%), 2009 (23%) 2013 (29%)
1997 and 1998 were Clinton dot.com also lots of leveraged buyouts that made the big companies of S&P bigger at the expense of the smaller firms -- not really something to be proud of
1997 and 1998 were Clinton dot.com also lots of leveraged buyouts that made the big companies of S&P bigger at the expense of the smaller firms -- not really something to be proud of
Recently the DOW Industrials were changed, removing Alcoa and other real industries and adding Goldman-Sachs which is a finanical institution.
The Standard & Poors 500 includes Goldman-Sachs and other financial institutions.
What S&P does not include is the decimation of American small business -- as Arkansas Wal Mart with Hillary Clinton on the board grew S & P while strangling tens of thousands of (Mom and Pop) local retailers which kept profits local as well as wages.
The spectacular deficit for 1992 and the slow decline in its size in the
wake of persistent cut backs in the real value of federal spending for goods and
services since 1992 inspired Chairman Alan Greenspan and economists associated
with the Federal Reserve Bank of Kansas City to host a major symposium on
Budget Deficits and Debt: Issues and Options at Jackson Hole, Wyoming
from August 31-September 2, 1995. In his summary of the symposium's conclusions
Stuart Weiner noted:
wake of persistent cut backs in the real value of federal spending for goods and
services since 1992 inspired Chairman Alan Greenspan and economists associated
with the Federal Reserve Bank of Kansas City to host a major symposium on
Budget Deficits and Debt: Issues and Options at Jackson Hole, Wyoming
from August 31-September 2, 1995. In his summary of the symposium's conclusions
Stuart Weiner noted:
"Chronic government budget deficits and escalating government debt have
become major concerns in both developed and developing countries. Concern arises
because fiscal imbalances siphon funds from private sector investment, retarding
growth and ultimately reducing standards of living. Fiscal imbalances also
create potentially large burdens on future generations, as workers may be forced
to finance unfunded social programs for rapidly expanding elderly populations.
And, fiscal imbalances can trigger disruptive movements in interest rates and
exchange rates, as highly indebted countries become increasingly vulnerable to
global market forces. Few economic issues have such far-ranging implications as
excessive deficits and debt."
Stanley Fischer (1994) examined data for a sample of 94 countries between
1962 and 1988 and found that large budget deficits are negatively associated with
economic growth.
Large budget deficits, moreover, provide no assurance that a country's
unemployment rate will be low. Belgium, Italy, Canada, Spain and Austria were
projected to have more net governmental financial liabilities outstanding as a
percentage of nominal GDP during 1996 than the United States and were all
suffering from higher unemployment rates according to statistics in the OECD
Economic Outlook for June 1996.
1962 and 1988 and found that large budget deficits are negatively associated with
economic growth.
Large budget deficits, moreover, provide no assurance that a country's
unemployment rate will be low. Belgium, Italy, Canada, Spain and Austria were
projected to have more net governmental financial liabilities outstanding as a
percentage of nominal GDP during 1996 than the United States and were all
suffering from higher unemployment rates according to statistics in the OECD
Economic Outlook for June 1996.
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