1. Cristiano Barbaro said...

It's quite interesting watching how all these bailouts are occurrying in order for the fat cats and utterly greedy and corrupt financial elites to liqiudate their personal assets - all the while, they, the politicians and the various "ministries of truth" media tell the people to stay put, and to be calm. Of course when the wave of inflation due to the new flood of money will hit us and our savings are wiped out, then the people will wake up to the real truth. But there will be more spin etc. Actually I find laughable how the EU is only now beginning to probe the rating agencies like S&P and Moodys. It has been quite obvious for years that the stock market was just a casino for the rich. The only difference is that the rich risk the pleb's money not theirs, unless they're being terribly stupid.

What really needs to be driven home to the corrupt establishment is that all these years of concentrating on the speculative, the pure gambling, and not on real scientific and infrastructure development (which create real jobs), have resulted in the mess we find ourselves in today - take a look at the USA's infrastructure's status if you don't believe me. If the USA would spend less on wars and more on an Roosvelt style infrastructure development, they would very quickly become the economic and quality of life leaders that they had been in the 50's and 60's. But firstly they have to deal with acknowledging reality that:
1. the US is currently bankrupt and needs to declare itself so, with a moratorium on debt
2. for the sake of the people, the government must retake control of the issuance of money, not leaving it to that private enterprise, the FED, which after all since it is controlled by private banks (look at the board members) certainly has never had the best interests of the people at heart
3. for the sake of the people the US govt must guarantee all pension payments etc... through the issuance of new govt bonds
4. a low 1-2% max interest rate 50 year line of credit must be created (even out of nothing, the banks do that anyway even now), for hundreds of billions of dollars per year. Such a fund must be dedicated only to infrastructure deveolpment, which the US sorely lacks and will generate millions of real skilled jobs, which in turn will feed into the economy, generating real growth.

What types of infrastructure must be built? For starters new power lines, replacing the telephone pole stuff, and the old obsolete grid which due to lack of investment for years has produced frequent blackouts in major cities - once again the shareholders of private utilities companies were too busy sharing maximum dividends at the expense of infrastructure upkeep. The now dying car industry must be converted to producing now feasible IV generation nuclear power stations on a standardised production line basis, especially the new small and portable PBMR reactors. This is not only feasible, but it is a non negotiable necessity. Why? Well nuclear power is safe, it cannot be susbstituted by solar power (no matter what spin the greens like to put on it) and if we want to see the world develop it is the only way forward. For instance, want a new hydrogen economy? You cannot do without high temp PBMR reactors whose heat can produce hydrogen, and also desalinate water for the arid regions of the US and elsewhere on the globe. Such crash infrastructure programs are the only ones which can provide long term relief and future prospects for the people of not just the USA, but the world. However, the current financial elites and their media are totally against the idea why? Because at hear they are malthusian human haters, they favour genocidal methods thinly disguised as environmentalism, in order for instance to cull Africa and other continent's populations by preventing them from developing any real industrial infrastructure. They tell us we have to accept raising food prices because of production shortages and the highly immoral conversion of corn into ethanol (this is also a net energy loss by the way, no wonder it is supported by the big oil producing companies, they know that ethanol will not decrease the demand for oil, quite the reverse). The human hating world elites (and financial monetarist elites in particular) favour the gambling casino in whatever form, and a human cattle like populace to be herded as they see fit. Their total nightmare scenarion is to see a figure like Franklin Delano Rossvelt come up again and take their toys away from them.

Please excuse my long post.