Can YOUR card do this?
AMY GOODMAN: Let me ask you how war fits into this. I mean, you co-wrote the book with Linda Bilmes, The Three Trillion Dollar War. How does war fit into our problems with the economy?
JOSEPH STIGLITZ: Well, war fits in because you’re creating a liability, you’re spending money. And when we went to war in Iraq and Afghanistan, we already had a deficit. And so, these wars were the first wars in America’s history financed totally on the credit card. So, you’re creating a liability, but you’re not creating an asset. So that’s the kind of spending that does weaken the economy, because it’s one-sided. … The numbers now are much more like four to six trillion.
AMY GOODMAN: And yet, across this country, as the debates for various congressional and Senate seats[go], war is almost never raised [as an issue]. –Nobel Laureate Joseph Stiglitz: Foreclosure Moratorium, Government Stimulus Needed to Revive US Economy
PRECEDENT? According to a "Fairness and Accuracy In Reporting" two week study, during the lead-up to the Iraq war, a period of particularly intense debate (Jan. 30 to Feb 12, 2003), U.S. mainstream media, ABC, NBC, CBS, PBS Evening News, conducted 393 interviews about the pending war. Only three of those interviews were with peace leaders.
5 thoughts on “Blackout?”
War is not as Stiglitz so quaintly puts it, "a liability" carried out in pursuit of a, presumably valid, national goal. Lies took us to Iraq and Afghanistan as they took us into every war which preceded these. The appearance of 'war' happens not for our security but so corporations and elements within government can profit. The FED is nothing less than the planning center of an invading enemy whose misunderstood nature allows us to be conquered and not even realize it has happened.
The only real war is the one being made on us, the American people. There is no mistake. The intentions are clear in the profits pouring into the coffers of corporations and Wall Street and by the money being spent in the ongoing disinformation campaigns which keep Americans from understanding the facts. War has being made on them by those they are taught to trust from childhood. The bread and circuses drama of politics today is just distraction.
As written by the ancient Chinese philosopher, Sun Tzu who observed, “Be extremely subtle, even to the point of formlessness. Be extremely mysterious, even to the point of soundlessness. Thereby you can be the director of the opponent's fate.” You don't get much more subtle than the bland monotones designed to put us to sleep, emoted by such as Alan Greenspan and other FED Chairmen. These Second Tier players enabled the use of our institutions to steal without the unpleasantness of being shot. They were sure we would never notice.
Much deceptive rhetoric has been expended so the hard work, innovations, and real worth stolen from Americans by act of covert war could be consumed by the enemy state within our own borders. Those 'in authority,' spared no expense to create the appearance they hold absolute power. The appearance is deceiving. At every point they have depended on deception because they know full well how thin and tenuous the reality is. Their 'power' rests solely on our confusion. When the blinders come off all bets are off.
Stiglitz is either an idiot who believes his lies or a conscious pawn working for the enemy. You cannot spend your way out of bankruptcy, even New Dealers knew that by 1939.
Henry Morganthau, Secretary of the Treasury, and FDR's closest friend, admitted before the House Ways and Means Committee in 1939 the following regarding spending.
"We have tried spending money. We have spent more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong…someone else can have my job. I want to see thiw country prosperous. I want to see people get a job, I want to see people get enough to eat. We have never made good on our promises…I say after eight years of this Administration we have just as much unemployment as when we started….And an enormous debt to boot!"
Open the lid and climb out of the box.
You can say that again!
My read on ex IMF economist Stiglitz, FWIW: His heart's in the right place. He believes what he was taught. Ditto Bernanke — who taught it.
Most of those at the top are tools and victims of the "memetic machine" they think they control. As are most of the rest of us. At least those who live their economic lives in fiat money.
Knowledge is power. The power to "climb of the box" is attained by studying Austrian economics. I was introduced to it by Alan Greenspan in 1966. He has since betrayed his country and himself for fame and fortune. And Alan is not alone. Politicians and bureaucrats alike are selling out their country for short term gain. That is the nature of politics. And that is why politics and government must be rejected. It is time for "we the people" to take back responsibility for our lives by taking back the power.
You can see how "successfully" they've sold out, tracked with the debt clock here:
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