Quotes from Sir James Goldsmith.
The idea is to create what is known today as efficient agriculture and to impose it worldwide. Let me just give you one [impact] of GATT on the third world. The idea of GATT is that the efficiency of agriculture throughout the world should …produce the most amount of food for the least cost. But what does that really mean? …What is cost? When you produce the intensified agriculture and you reduce the number of people on the land, what happens to those people?…They are chased into the towns. They lose their jobs on the land. If they go into the towns, there are no jobs, there is no infrastructure. The social costs of those people, the financial costs of the infrastructure has to be added to the cost of producing food.
On top of that, you are breaking families, you are uprooting them, you are throwing them into the slums. Do you realize that in Brazil, the favelas (slums) did not exist before the Green Revolution of intensifying agriculture.
In the world today there are 3.1 billion people still living in rural communities. If GATT succeeds and we are able to impose modern methods of agriculture worldwide, so as to bring them to the level of Canada or Australia, what will happen? 2.1 billion people will be uprooted from the land and chased into the towns throughout the world. It is the single greatest disaster [in our history] greater than any war.
We have to change priorities. Let’s take agriculture. Instead of just trying to produce the maximum amount for the cheapest direct costs, let us try to take into account the other costs. Our purpose should not be just the one dimensional cost of food. We want the right amount of food, for the right quality for health and the right quality for the environment and employing enough people so as to maintain social stability in the rural areas.
If not, and we chase 2.1 billion people into the slums of the towns, we will create on a scale unheard of mass migration – what we saw in Rwanda with 2 million people will be nothing — so as to satisfy an economic doctrine. … We would be creating 2 billion refuges. We would be creating mass waves of migration which none of us could control. We would be destroying the towns which are already largely destroyed. Look at Mexico, Rio, look at our own towns.
And we are doing this for economic dogma?…What is this nonsense? Everything is based in our modern society on improving an economic index…The result is that we are destroying the stability of our societies, because we are worshiping the wrong god… Economic index.
The economy, like everything else, is a tool which should be submitted to, should be subject to, the true and fundamental requirements of society.
This is the establishment against the rest of society… I am for business, so long as it does not devour society…[But] we have a conflict of interest. Big business loves having access to an unlimited supply of give away labor.
In every developing nation, you have the same problem. You have a handful of people who control everything, the oligarchs. The poor in the rich countries are going to be subsidizing the rich in the poor countries.
You cannot enrich a country by destroying the health of its population. The health of a society cannot be measured by corporate profitability.
We have allowed the instruments that are supposed to serve us to become our masters.
“Now, you realize that salaries in the States – earnings, weekly earnings, hourly earnings over the last 20 years – have already dropped about 19% in real dollars. It’s already been a massive decline and that is why the so called recovery – which is a recovery of economic indexes – hasn’t got the feel good factor because people’s salaries have gone down. They’re gonna go down much more. It’s only beginning and the reason is very straightforward.”
“When you manufacture something, anything – this table – you have a value added. The value added is when you take the raw materials and you manufacture a product. Value you add is known as value added. And that is shared between capital and labor. And the whole division – the sharing of that – has been the subject of massive debates for generations. How much should go to capital? How much should go to labor? You’ve had strikes, you’ve had lockouts, you’ve had political debates.”
“All of a sudden, by creating a global marketplace for labor, by creating circumstances where people are making the same product with the same technology for the same capital and the only variant is cost of labor, you are shattering that – shattering the way you share the value added and that means that you are destroying the basis on which we’ve been able to create an equilibrium and have a stable society.”
Inflation was never the issue Deflation is. As mentioned Bulldozing. You Voted them in, Your Slaves of your own devise.http://www.alanwattsentientsentinel.eu/ ... 92007.html
Neolib economics has most still believing that The Love Of Money Is root of all good. Lambs to the Wolves. Ask your Senate who is in control?
Now you understand the division of labor needed the Austrian's called for. Congress will take your money and there is nothing you can do about it.
As we reminded it was never about the taxpayer anyway. The epistemological foundation's are already set. Brick by brick the deflation cycle will
ensue so they can lay the new dollar on your bank acount. They want change on the left feed by taxpayers and change on right to maintain the status qou.
Tell ne what has been done? Bread from stones from the Government now pointing the finger at you for more money they do not have anyway?
The division of labor builds society from within
as in level market value. Unbalances are created for control only.
The West caved into using taxpayers money to bail out banks killed by similiar derivatives. The Fed and US Treasury are resisting a Freedom of Information Act by Bloomberg which wants to name and shame the derivatives winners. China watched and learned not to reward the derivative bandits who behave like assasins and create weapons of mass financial destruction ( to use the words of Buffett and Soros among others). The biggest derivative winners include JPM, GS, and Barclays. China did engineer a better solution for a new world money system simply by facing down the derivative crooks. By the way, currency crashes have more to do with failed corporatism models than the FX boys.
For many decades they deny balance and they wonder why we discern that there cheerful to useful idiots may be there maximum liability when they awake. http://www.newyorkfed.org/newsevents/ne ... 81031.html
<------------------ Here it is....
Reduce Levels of Outstanding Trades via Portfolio Compression. Market participants continue to reduce the number of outstanding CDS trades through multilateral trade terminations (tear-ups) which lowers outstanding notional amounts, reducing counterparty credit exposures and operational risk. Regulators have instructed firms to maximize the efficiency of trade terminations in CDS tear-ups and have begun monitoring the detailed results to ensure the fullest participation. <----------------- data? markit data strips
Yours Sincerely from the Senior Managements of:
Bank of America, N.A. HSBC Group
Barclays Capital JP Morgan Chase
BNP Paribas Merrill Lynch & Co.
Citigroup Morgan Stanley
Credit Suisse The Royal Bank of Scotland Group
Deutsche Bank AG Société Générale
Dresdner Kleinwort UBS AG
Goldman, Sachs & Co. Wachovia Bank, N.A.
Old news really in another day. Treasury has been heat mapping shorts in positions as money calls. This is
what the Adults have been waiting for in context to tearups. After these idiots get whatever they deserve
life can go on and the Credit markets can function. http://seekingalpha.com/article/160207-
This may thaw some money to SBA and real funding that civilazation needs. Given the coruption that still needs to removed I kind of doubt it.
Krugman is the worst of the lot: Answer me this: if gold metal was a commodity, what is it doing on the balance sheets of a central bank?
Lately, in Texas
"I will wear it as a badge of honor that I was shouted at by people who oppose Medicare, Medicaid, Social Security and children's health," Edwards said. The shouters, he added, did not speak for most of his constituents, but for "the Ron Paul libertarian position that represents 2 to 5 percent of the country."
What will these people do when there are two classes only since the division of labor is erroding faster than they can think, libertarian position I think not, the Senator is mistaken and a straw man attack which does declines his character not to say virtue if even that exists. Fiscal sanity, not blatant corupt bubble blowers and not the fiscal calvary rescue hyprocracy wasting capital they do not have called our tax dollar. Both party's are largly terminal now as is the consumer by percentage for the undetermined time frame, as we know since we can do the math and they do not care to change but defer it to another decade. Sorry, the World has another idea and is moving on that as we speak, we are not going to grow since name when any Government in history was profitable. Thousands of years it consumes the free market and scarce capital formation until colapse as we know. Capital moves were it is best treated and we know were that is now do we not? These people ignore for years and are years behind the obvious trends. I refuse to buy anything but basics until they fade away. Call it a technical market breakdown. Yes, it is Politcal Economy and the bear market data suggest that. I am comfortable to wait for equity purchases since it is narrow right now to my risk assesment.
Synonym for dictator and totalitarian is socialism. The planet is being bulldozed globally and economically as we speak and they need another 18 month's to eliminate recall rights on some contracts also for some Unions so they do not have to call them back. Where have the jobs went and why is the question the 95 percent who cannot seem to care. Nobody likes rude people so bloating size of Government and apparantly 95 percent do not like me either, since based on reason of a free market and a dead letter it appears bothers them. As I told Higgy "they knew this was coming" and the sheep deserve to be devoured but the level of coruption is staggering and unabated. Government cannot turn stones to bread is the lesson they will never understand.http://blogs.telegraph.co.uk/finance/ed ... -too-late/
As for the children wanting the UN for direction. Grow up there a waste of capital and unworthy other than bloviated spectacles, basically
emotional blackmail money to pacify there avarice.http://jessescrossroadscafe.blogspot.co ... n-see.html
Mere politic's for crowd control.
China is saying many things which are true.
They are also omitting many things that are key to the cause of our financial problems. They bought the silence of a succession of US political administrations over their blatant currency manipulation in support of trade subsidies, including the outright contributions to Clinton and Gore, and the cronyism with Bush.
China is a significant part of the problem, and like so many dogs that Wall Street helps to set up to further their gains, this one refuses to wag its tail on command. The blowback on the US dollar will be significant.
As like they didn't already know this.