Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
The Only way to Crush Inflation (not stocks) - 14th Oct 21
Why "Losses Are the Norm" in the Stock Market - 14th Oct 21
Sub Species Castle Maze at Alton Towers Scarefest 2021 - 14th Oct 21
Which Wallet is Best for Storing NFTs? - 14th Oct 21
Ailing UK Pound Has Global Effects - 14th Oct 21
How to Get 6 Years Life Out of Your Overclocked PC System, Optimum GPU, CPU and MB Performance - 13th Oct 21
The Demand Shock of 2022 - 12th Oct 21
4 Reasons Why NFTs Could Be The Future - 12th Oct 21
Crimex Silver: Murder Most Foul - 12th Oct 21
Bitcoin Rockets In Preparation For Liftoff To $100,000 - 12th Oct 21
INTEL Tech Stock to the MOON! INTC 2000 vs 2021 Market Bubble WARNING - 11th Oct 21
AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
Stock Market Wall of Worry Meets NFPs - 11th Oct 21
Stock Market Intermediate Correction Continues - 11th Oct 21
China / US Stock Markets Divergence - 10th Oct 21
Can US Save Taiwan From China? Taiwan Strait Naval Battle - PLA vs 7th Fleet War Game Simulation - 10th Oct 21
Gold Price Outlook: The Inflation Chasm Between Europe and the US - 10th Oct 21
US Real Estate ETFs React To Rising Housing Market Mortgage Interest Rates - 10th Oct 21
US China War over Taiwan Simulation 2021, Invasion Forecast - Who Will Win? - 9th Oct 21
When Will the Fed Taper? - 9th Oct 21
Dancing with Ghouls and Ghosts at Alton Towers Scarefest 2021 - 9th Oct 21
Stock Market FOMO Going into Crash Season - 8th Oct 21
Scan Computers - Custom Build PC 6 Months Later, Reliability, Issues, Quality of Tech Support Review - 8th Oct 21
Gold and Silver: Your Financial Main Battle Tanks - 8th Oct 21
How to handle the “Twin Crises” Evergrande and Debt Ceiling Threatening Stocks - 8th Oct 21
Why a Peak in US Home Prices May Be Approaching - 8th Oct 21
Alton Towers Scarefest is BACK! Post Pandemic Frights Begin, What it's Like to Enter Scarefest 2021 - 8th Oct 21
AJ Bell vs II Interactive Investor - Which Platform is Best for Buying US FAANG Stocks UK Investing - 7th Oct 21
Gold: Evergrande Investors' Savior - 7th Oct 21
Here's What Really Sets Interest Rates (Not Central Banks) - 7th Oct 21
CISCO 2020 Dot com Bubble Stock vs 2021 Bubble Tech Stocks Warning Analysis - 6th Oct 21
Precious Metals Complex Searching for a Bottom - 6th Oct 21
FB, AMZN, NFLX, GOOG, AAPL and FANG+ '5 Waves' Speaks Volumes - 6th Oct 21
Budgies Flying Ability 10 Weeks After wings Clipped, Flight Feathers Cut Grow Back - 6th Oct 21
Why Silver Price Could Crash by 20%! - 5th Oct 21
Will China's Crackdown Send Bitcoin's Price Tumbling? - 5th Oct 21
Natural Gas News: Europe Lacks Supply, So It Turns to Asia - 5th Oct 21
Stock Market Correction: One More Spark to Light the Fire? - 5th Oct 21
Fractal Design Meshify S2, Best PC Case Review, Build Quality, Airflow etc. - 5th Oct 21
Chasing Value with Five More Biotech Stocks for the Long-run - 4th Oct 21
Gold’s Century - While stocks dominated headlines, gold quietly performed - 4th Oct 21
NASDAQ Stock Market Head-n-Shoulders Warns Of Market Weakness – Critical Topping Pattern - 4th Oct 21
US Dollar on plan, attended by the Gold/Silver ratio - 4th Oct 21
Aptorum Group - APM - High RIsk Biotech Stocks Buy, Sell, Hold Investing Analysis for the Long-run - 3rd Oct 21
US Close to Hitting the Debt Ceiling: Gold Doesn’t Care - 3rd Oct 21
Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
Original Oculus VR HeadSet Rift Dev Kit v1 Before Facebook Bought Oculus - 3rd Oct 21
Microsoft Stock Valuation 2021 vs 2000 Bubble - Buy Sell or Hold Invest Analysis - 1st Oct 21
How to profit off the Acquisition spree in Fintech Stocks - 1st Oct 21
�� Halloween 2021 TESCO Shopping Before the Next Big Panic Buying! �� - 1st Oct 2
The Guide to Building a Design Portfolio Online - 1st Oct 21
BioDelivery Sciences International - BDSI - High RIsk Biotech Stocks Buy, Sell, Hold Investing Analysis for the Long-run - 30th Sep 21
America’s Revolving-Door Politics Behind the Fall of US-Sino Ties - 30th Sep 21
Dovish to Hawkish Fed: Sounds Bearish for Gold - 30th Sep 21
Stock Market Gauntlet to the Fed - 30th Sep 21
Should you include ESG investments in your portfolio? - 30th Sep 21
Takeda - TAK - High RIsk Biotech Stocks Buy, Sell, Hold Investing Analysis for the Long-run - 29th Sep 21
Stock Market Wishing Away Inflation - 29th Sep 21
Why Workers Are NOT Returning to Work as Lockdown's End - Wage Slaves Rebellion - 29th Sep 21
UK Fuel PANIC! Fighting at the Petrol Pumps! As Lemmings Create a New Crisis - 29th Sep 21
Gold Could See Tapering as Soon as November! - 29th Sep 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

America the Betrayed

Politics / US Politics Nov 04, 2009 - 11:25 AM GMT

By: Richard_C_Cook

Politics

Best Financial Markets Analysis ArticleIf you want to get an idea of what America once was like, read the poems of Walt Whitman.  Whitman was born in Long Island in 1819 and grew up in Brooklyn, N.Y. His family was poor, but even though he left school at the age of 11 he gave himself an education by reading and working in the printing shop of a newspaper until he gradually became a published writer. He worked as a teacher and news reporter and owned his own newspaper by the age of 20.


In 1848 Whitman was a delegate to the founding convention of the Free Soil Party. During the Civil War he worked as a nurse in Union military hospitals and held several government jobs, including interviewing Confederate prisoners for pardons. Some of his greatest poems came from his war experiences, including his famous elegy upon the assassination of President Abraham Lincoln, “Oh Captain! My Captain!” His great collection of poems, Leaves of Grass, was self-published. He died a national hero in 1892 in Camden, New Jersey, where thousands of people came to pay their respects. Contrary to the opinion of some, he was not a homosexual.

Whitman has always been viewed as a poet of the people, in contrast to the pretentious dandies from academia who have controlled official American culture for much of our history. He wrote of workmen, farmers, sailors, soldiers, lovers, criminals, and prostitutes. He was a hero to the Beatniks of the 1950s who tried to rediscover an authentic American voice in the streets and on the roads and highways of this great land. The spirit of Whitman was surely present through the rebellion of the 1960s, when America’s young men and women rose up and fought the Establishment to stop the Vietnam War and bring civil rights to racial minorities.

The Establishment fought back with a vengeance and, through the most egregious betrayal in history, reduced the world’s greatest industrial democracy to the pathetic shadow of its former self we are today.

The first thing the Establishment did was destroy the industrial job base by shipping millions of good jobs to China and other Third World nations, where slave laborers could be forced to churn out consumer products at a fraction of the cost of similar work done by American workers.

Acting through the CIA and organized crime, the Establishment flooded the cities and college campuses with illegal drugs in order to rot the minds and souls of our youth.

They dumbed down education to the point where young people who graduate today know little and can do less of a practical nature. Vocational training is dead. A high school graduate is worth virtually nothing in the job market, and most college graduates are semi-literate and self-absorbed, without any real backbone, skills,  or initiative. Many high school and college graduates are drug addicts or alcoholics.

They turned the economy over to thieves from Wall Street and created a military machine that turns youth into murderers and assassins whose job it is to conquer the world for the fat cats of global capital.

They ruined the arts, literature, and music through crass commercialization, making it almost impossible for any real original creativity to be produced or communicated. The one bright light in this darkness is the internet, which is  being threatened by commercial suppression of freedom of expression by the ambitions of big communications companies. Thank goodness too for the rare creative genius like Michael Moore who has the courage to hold up a mirror to this deeply diseased society.

Then they wrecked people’s health with processed food and constant inducements to a sedentary lifestyle while pumping us full of dangerous vaccines and prescription drugs. They drummed it into everyone’s head that we are basically weak, ill, helpless creatures who can only survive by taking pills and making constant trips to doctors, hospitals, and clinics.

They induced us to fight over our possessions and freedoms in law courts with the aid of greedy lawyers in front of rapacious judges who have built up the largest prison population in the world.

They pulled money and credit out of the inner cities and rural areas leaving those segments of the nation and their populations to rot.

The list could go on and on and on.

Today we are in the midst of not just a recession but a terminal depression. Getting the banks to lend again so people can buy homes at what are still over-inflated prices or so they might compete with immigrants to get construction jobs through building of more useless office buildings or military bases is not a recovery. The “greening of America” is a myth. There is no resurgence of alternative energy investment or new public infrastructure apart from a few highway projects.

American family farming is practically dead and is under a new assault from speculators who are undercutting prices and forcing foreclosures. The local manufacturing sector never came back after the calamitous decline produced by the Paul Volcker recession of 1979-1983, when interest rates were deliberately raised to over 20 percent to kill off family-owned businesses so that global corporations could step in and take over. Since then we had the “Reagan Revolution” when the banks took over the economy, the Clinton dot.com bubble of the 1990s which crashed in 2000,  and the George W. Bush/Alan Greenspan housing bubble which blew up in 2008. Now Main Street lies shattered and shuttered as a result of the crimes and treacheries of the last 30 years.

True, there is a rebellion brewing, including a monetary reform movement that has attacked the power of the Federal Reserve, as well as a few progressive voices that call for a much larger economic “stimulus” than the Obama administration has seen fit to implement.

But is there any practical plan on the part of either political party or organized movement to restore America to what it once was–a place where ordinary people could live, work, learn, and flourish? The answer is a resounding “No.” Not a chance. And “Change You Can Believe In” hasn’t changed a thing. All it has done has been to produce another financial bubble, this time using huge amounts of public debt through the sale of U.S. Treasury bonds. Business is not growing and jobs are not coming back. The only thing that has gone up has been the meeting of military recruitment quotas.

This latest bubble will fail too, because money created through lending to float the prices of assets is not wealth. Rather wealth consists of goods and services produced by labor applied to natural resources. Those who provide the labor must be recompensed fairly.

So what is to be done? The answer is that nothing can or will be done, if by that you mean whether a political savior is going to come along to rescue our nation and its people from destruction.

In fact, what they are planning is to continue to throttle and enslave us with a predatory financial establishment and a military policy that is preparing the groundwork for World War III. The war will be fought with American troops against Russia and China, after which China will take over as the world’s policeman while this country disappears from the face of the earth. It’s the ultimate plan of the New World Order, the ones American politicians, financiers, military leaders, and academics bow down to.

It is time for each and every individual who values his or her own life along with the creative potential of the human spirit to begin to work with others to create a new nation and world. The government isn’t going to do it for us. Please believe me. This is not a system that can be reformed. It is a system that must be replaced. And it must be replaced by the ordinary working men and women who have been crushed, used, and abused during the past ugly half-century.

Americans, get to work. Call your friends and family together today and begin to figure out what to do. Start with 15 minutes of prayer and meditation. You will be shown the way from within yourselves. My own view is that setting up local currency systems, as many communities are now doing, is a good place to start.

By Richard C. Cook
http:// www.richardccook.com

Copyright 2009 by Richard C. Cook

Richard C. Cook is a former U.S Treasury analyst who also worked in the Carter White House and for NASA and writes on public policy issues. His new book is We Hold These Truths: The Hope of Monetary Reform (Tendril Press 2009). His website is http://www.richardccook.com He is a member of the U.S. Basic Income Guarantee Network and has been an adviser to Congressman Dennis Kucinich and the American Monetary Institute http://www.monetary.org

Richard C. Cook Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in