Capitalism Has Hit The Fan!

Professor Richard Wolff -University of Mass. Economic Professor

Book: “Capitalism has hit the Fan!”

1850 to 1970 - Generation of great expectations- Wages claimed on a steady pace.

In the South, wages wasn't an issue, Slavery!

Advertising started- all Americans wanted the good life.

Because of War, Asia and Europe was devastated until the 70 – American Capitalism had no competition. Asia and Europe caught up after the 70's

In 1970 – Wages went flat and remained that way today.

Business went over seas to spend it's money with the new competition and so went the jobs.

Business profits went sky high.

Four Factors that caused wages to remain flat.

a. Women entered the work force

b. American business exporting jobs

c. Immigration influx to US
d. Computers

American could no longer afford the goods they wanted so they started working more than one job and they have become tired and frustrated with their lives.

The booms and bust in the economy planed in the system totally demoralized the American people. The dot. Com bust and now the housing bust.

The arguments about DE-regulation and regulations no longer work to control the system. 1980 -deregulation was in effect and Business took off with no rules. Credit was provided to the works like running water and they went for it. Also, Business were buying up other business with the profits they had accumulated.

Now comes the housing bust and the business bust. The old business paradigm is broken. Regulated capitalism is dead.

Is this the answer: Silicone Valley Paradigm - employees and management sharing money and management responsibilities. No set hours, no uniform at work and a lot of play time at work and away? Marxism? Communism?

What about the Federal Reserve Bank and it's roll in the old paradigm?

                      THE AMERICAN POWER STRUCTURE

RULE BY A WEALTHY FEW IS POSSIBLE DESPITE FREE SPEECH, ELECTIONS, AND ORGANIZED OPPOSITION! 1% CONTROL 40% OF WEALTH

THE SOCIAL UPPER CLASS HAS OWN INSTITUTIONS FOR THEIR CHILDREN ARE SOCIALIZED INTO THE UPPER CLASS WORLDVIEW AND NEWLY WEALTHY ARE ASSIMILATED (WASP)

CONTROL CORPORATIONS THAT GENERATE WEALTH AND HOLD WEALTH FOR OVER 150 YEARS

CONTROL NONPROFIT CORPORATION NETWORK THAT HIRE CORPORATE LEADERS TO SHAPE PUBLIC POLICY DEBATES IN THE UNITED STATES

DOMINATEA THE FEDERAL GOVERNMENT BY WITH THEIR HIGH LEVEL EMPLOYEES IN PROFIT AND NONPROFIT ORGANIZATION –USE OF PHONEY EXPERTS

DECEPTIONS: CLAIM TO BE POWERLESS

WORKING PEOPLE HAVE LESS POWER TAN MANY OTHER DEMOCRATIC GOVERNMENTS

POWER: WHO BENEFITS, WHO GOVERNS, WHO WINS?

CORPORATE COMMUNITY – INTERLOCKING DIRECTORS  -20% ON MORE THAN ONE CORPORATION – “

INNER CIRCLE

”- UNITE 90% OF THE AMERICAN CORPORATIONS.

THE POWER ELITE: UPPER CLASS CORPORATE COMMUNITY, POLICY PLANNING NETWORK

CONTROL FEDERAL GOVERNMENT BY SPECIAL INTEREST PROCESS. POLICY MAKING PROCESS, CANDIDATE SELECTION PROCESS MONEY!

WORKING CLASS – NO POWER BECAUSE OF BLACK/WHITE ISSUES, SKILLED V. UNSKILLED, UNDUSTRIAL WORKERS. DIVIDE AND CONQUER – YOU CAN’T CHANGE STUPID.

                           THE TRUTH ABOUT OUR KNOWN UNIVERSE

Sun-          moves at 9,321 mph or 115 miles per second. It has a circumference of 2,

                   713, 406 miles and a diameter of 870,00 miles.

Mercury – moves 104,400 mph or 29miles per second

                   It’s 57 million from the earth and has a circumference of 9,525 miles and

                   a diameter of 3000 miles.

Venus -      moves at 75,000 mph or 21miles per second. It’s 26 million miles from 

                   the earth and has a circumference of 23,627miles and a diameter of

                   almost 8,000 miles.

Earth -       moves at 66,600 mph or 18.5 miles per second. It has a circumference of 

                   24,901 miles and a diameter of almost 8,000.

Moon -       moves at 2,300 mph or .64 miles per second. Its circumference is 6,790

                    miles and a diameter of 2,160 miles. It’s 250,000 miles from the earth.

Mars -        moves at 54,000mph or 15miles per second. It has a circumference of  

                   13,300 miles and a diameter of 4,220 miles. It’s 48 million miles from    

                    earth.

Jupiter -    moves at 29, 160 mph or 8.1 miles per second. It has a circumference of

                   279,118 miles and a diameter of 88,700 miles. It’s 390 million miles from

                   the earth.

Saturn-      moves at 21,600 mph or 6 miles per second. It has a circumference of

                   236,617 miles and a diameter of 74,500 miles. It’s 793 million miles from

                   the earth.

Uranus -    moves at 15,120 miles per hour or 4.2 miles per second. It’s has a

                   circumference of 1, 783,744, 300 miles and  a diameter of 31,690 miles.

                    It’s 1.92 billion miles from the earth.

Neptune -  moves at 12, 240 mph or 3.4 miles per second. It’s circumference is 2,  

                   795,173,960 miles and a diameter of 49,528 miles. It’s 2. 701 billion miles

                    from the earth.

Pluto -        moves at 10,440 mph or 2.9 miles per second. Its circumference is 4,493

                    miles and its diameter is 1,413 miles. It’s 3.57 billion miles from the

                    earth.

It's Moon day! Just a few more thoughts about the almost “unstoppable” train called the Federal Reserve Bank (FED) cartel that's driving our economy for the wealthy. The 1% wealthy are pulling America into the One World Government-New World Order paradigm.

Can America's independence be saved?

1.If we can, the “real people” (not phony corporate fronts) will have to make our elected representatives dump the FED and return the money making powers back to the United States Treasury as mandated by the United States Constitution. The “real people” can start by taking their money out of the cartel , Bank of America, Citibank, Chase Manhattan and J.P. Morgan's other financial interest. Move your money into Savings and Loans or smaller banks that are members of FDIC (Federal Deposit Insurance Corporation).

2. Turn off the television news media, ABC, CBS, NBC, CNN, FOX. They are owned by the wealthy and they filter ,block news, and create news. Even PBS is supported by some wealthy non-profit corporations. Rely on trusted Internet sites.
3. We have to take our military out of the hands of major wealthy industrial corporations that are creating wars on behalf of other multi-national corporations and multi-national banks that are reaping profits using the lives of our children as cannon fodder!
4. For now, we need to boycott the political system. It is completely hijacked by the 1% wealthy. The monetary system is controlling our lives and Democracy on the national level is a mere illusion. The United States Constitution has been hijacked by the 1% wealthy and patriotism is used as a weapon against the “real people.”
5. It goes without saying that our “oil” based economy is building a coffin for our children's future. We need to find ways to get off this energy grid and use energy that is renewable and self sustaining.

I admit that it maybe too late because over the last 60 years Americans have been dumbed down to a point of no return and I include myself in that category. The basic understanding of the economic system has been shrouded in secrecy. The diversions and deceptions we call entertainment is taking it's toll on our minds. Can you imagine that banks are paying homeless people to help them throw people out of their homes into the homeless ranks? You want see this in the “news” media but it's happening.

Peace!

THE FALL OF AMERCIA!

What's the greatest threat to the 1% wealth holders of America? It's Inflation! When inflation goes up income from usury (interest) is reduced. Full employment causes inflation. Unemployment causes inflation to go down. The Fed (private central bank) was put in place by the wealthy to protect the money supply from the affects of inflation. If inflation is a serious threat the Fed reduces the money supply and increase the cost for credit. The Fed creates a recession on purpose to protect the wealthy. With no money or credit business' close and unemployment hits the roof. Loss of wages, loss of home, and loss of life follows. The 99% must suffer!

In all countries, the group that controls the money supply controls the country. Since 1913, the private central bank (to cause misdirection and deception) was named "The Federal Reserve Bank" so that it appeared to have a government connection. The hoodwink worked! The booms and bust in the alleged "free market" have been limited but when they hit us, they are devastating. The "housing bust" was the latest created by criminals in the financial centers that cause the Fed to implement damage control because of its affects on the money supply. Cut the money supply and credit creating a recession until the air is cleared of the stink created by speculators and risk takers blows away!

The original idea for Capitalism as set forth by Adam Smith in 1776, was that a free market of small firms selling what they produced to make a reasonable profit, selling standard products regulated by the laws of supply and demand. Prices went up when supply was down and demand was high or when too much supply and demand was low the price when down. Today, with multinational corporations and multinational banks the original model is in the toilet! What we have today is beyond the scope of our democracy and global in its affects. It's a monster out of control leaving victims in its path.

How does the 1% control the 99% in the face of free speech, elections and organized opposition? Over 150 years they have controlled the corporations that generate the wealth. They control nonprofit corporation network that hire corporate leaders to shape public debates. They dominate the federal government with high level employees from their profit and nonprofit corporations, i.e., the experts we look to in the government for direction. Power is about who benefits, who governs and who wins. The corporate community has "interlocking directors" with 20% serving on more than one corporation. They are the power "elite" and act as a policy planning network.

The power "elite" controls the federal government by special interest process, policy making process, candidate selection process by the flow of money! The 99% is controlled by the media that is owned by four major news corporations. While being fed a shot gun blasts of varied programing and ads creating artificial demands, there are seldom programs about how the economic system works. The idea is to keep the people stuck on stupid while their welfare is tossed about in a gambling casino, an economic system so complex that only the Fed can operate it.

The 99% is controlled by divide and conquer methods that create wonder and fear. Turn the poor against each other, have the races pitted against each other, the skilled worker vs the unskilled, the immigrant vs. the citizen. Exploit their fears with programing that will keep them afraid or have them laughing so hard they will never see what hit him. It works!

My countries sovereignty, that once rested in the people. is at risk because of the corporate "elite" and the wealth holders who must have their world investments protected. The new world government will have little sympathy for the suffering in America as a nation-state. The ideas of sustaining a nation-state is repugnant to the new world order. I love my country. I am sadden and sicken by what is passing as truth today. The recent Supreme Court decision by giving corporate America the power to openly advocate it political interest, the truth is no longer possible. May the Creator of the Universe have mercy on us.

Outline on Recent Chinese History!

After 5000 Years History in China the Chinese Communist Take Power and Destroys Its Cultural in 150 Years

Mao tse-tung – embraces Darwin –survival of the fitness

850 million people in  China – class struggle through hatred and evil was the answer to survival.

Revolution –every 7 to 8 years to water the tree of survival

Violence and terror – used to control the people – “political movement starts again”

Mao referred to Buddha writings and Confucius, is dog shit!

1840 –traditional cultural move toward modernizations

Chin Dynasty was the start in deterioration

1920 –Communist Introduced in China

Foreign Intrusion into China -1860

Shen Fong abdication

1894 –China/Japan war – China defeated by Japan

1898 -100 days of Reform did not work

1904 – Russia and Japan at war in northeast China and China did nothing.

1911 – Shien high dynasty create Republic of China

1918 –May 4 Movement – violent revolutions started in Russia and China. 20 million people died, from 1927 -1936- 10 million died –CCP v. Nationals

“Truth never changes while a lie must be constantly retold”

Mao – “ I don’t follow the Tao nor heaven”

65 million to 100 million killed to create the Communist Party

Emperor Wong, the father of Tao and Confucius teaching in China – the five carnal virtues of Confucius:

                   Benevolence

                   Righteousness

                   Proprietary

                   Wisdom

                   Faithfulness

Buddhism and Taoism was no longer the rule in China

Mao – battle with heaven, fight the earth, struggle with humans there in lies endless joy”

Religions Banned!

From Tong Dynasty – cultural passed down for 5000 years

 Chinese beliefs –traditional cultural – Moral system

Truth: Taoism – unity of all heaven and humanity

Buddhism –compassion – karma- retributions

Confucius – what needed to enter the mundane world – the five virtues – family – loyalty to family – fatherly kindness – filopiety, brotherly love.

Four main text  in China:

1.    Journey to the West

2.    Dreams of  Red Mansions

3.    Outlaws of the Marsh – 800 evil spirits released on the earth

4.    Three Kingdoms – every thing is God’s Will

1957 –intellectual  are allowed to speak out- the rightest were  

            anti Chinese communist party..

Mao killed 46,000 Intellectuals

1959 – thought cleansing began

May 1966 Cultural Revolution –Buddhists, Taoist force to leave China 

Red Guard Destroys religious symbols

Communist Party becomes the cultural – atheism – class struggle – blind allegiance required.

Music use to with songs on socialism as good and praising the party.

No freedom of thought, speech, association, or belief.

55 years of terror – used to control –people live in fear and obedience.

CCP follows no laws, rule by implication –life determined by class

Cultural must speak with One Voice – all media must follow party line

Control is carried on by violence, hatred, deception, lies, brain washing, and adulations. No comprehension of right and wrong- self imposed brainwashing –

materialism and atheism is the opium of the society – survival of the fitness –class struggle.