#Alan Greenspan

[rodgermalcolmmitchell]

Starving with a loaf of bread under your arm. The end of Social Security

The U.S. federal government is unlike state and local governments. It uniquely is Monetarily Sovereign. That means it has the infinite ability to create dollars simply by passing laws and pressing computer keys. While state and local government can run short of dollars, the federal government cannot unintentionally run short. Not now. Not ever. Federal Reserve Chairman Alan Greenspan: “A…

[catmint1]

If I seem unduly clear to you, you must have misunderstood what I said.

—Alan Greenspan, Speaking to a Senate Committee in 1987, as quoted in the Guardian Weekly, 4 Nov 2005

[formerleopard]

Merlin Chowkwanyun entrevista a Noam Chomsky, segunda parte

Se usaron estas consideraciones para decidir orientarse al gasto militar, por encima del gasto social. Una gran parte de eso es la investigación y desarrollo de alta tecnología. Virtualmente, toda la “nueva economía” ha descansado en gran medida en el camuflaje militar para hacer que el riesgo sea público y el lucro privado, frecuentemente después de muchas décadas: generalmente computadoras y electrónica, telecomunicaciones e internet, satélites, la industria aeronáutica (de ahí se deriva el turismo, la mayor de la “industria de servicio”), contenedorización (del cual se deriva el comercio contemporáneo), herramientas controladas por computadora, y mucho más. Alan Greenspan y otros son dados a perorar, describiendo todo esto como el gran espíritu empresarial y la elección del consumidor en el libre mercado. Eso es cierto para la última etapa de comercialización, pero no lo es en absoluto para la etapa más significativa, la de investigación y desarrollo. Lo mismo sucede con los sectores de la industria que se basan en la biología, aunque se usan diferentes pretextos. El registro se remonta a un pasado lejano, pero estos mecanismos para el sustento de la economía industrial avanzada se hicieron más significativos después de la Segunda Guerra Mundial.

[spokenforinvaliduser]

[kramlabs]

[plant-ago]

I want to live in a world where the legacy of Robert Reich, US Labor Secretary under the Clinton administration influential liberal thinker, is overshadowed by that of his son, Sam Reich Dropout, who went into comedy and created the only good streaming platform

[just-about-nothing]

i have GOT to finish the only game in town alan greenspan i am in your walls

[itsnothingbutluck]

Alan Greenspan Quotes

The purpose of a politician is to be a leader. A politician has to lead. Otherwise he's just a follower. +++++++++++++++++++ There are winners and there are losers. And as much as we would like to help the losers, if we do it in the way that directs the limited capital of the society to support the low-productivity parts of the economy, it means that the rest of the economy - our overall standard of living - will not rise as much as it could. n +++++++++++++++++++++++ “ I know you think you understand what you thought I said but I'm not sure you realize that what you heard is not what I meant”

Alan Greenspan

[mostlysignssomeportents]

A taxonomy of corporate bullshit

Next Tuesday (Oct 31) at 10hPT, the Internet Archive is livestreaming my presentation on my recent book, The Internet Con.

There are six lies that corporations have told since time immemorial, and Nick Hanauer, Joan Walsh and Donald Cohen's new book Corporate Bullsht: Exposing the Lies and Half-Truths That Protect Profit, Power, and Wealth in America* provides an essential taxonomy of this dirty six:

https://thenewpress.com/books/corporate-bullsht

In his review for The American Prospect, David Dayen summarizes how these six lies "offer a civic-minded, reasonable-sounding justification for positions that in fact are motivated entirely by self-interest":

https://prospect.org/culture/books/2023-10-27-lies-my-corporation-told-me-hanauer-walsh-cohen-review/

I. Pure denial

As far back as the slave trade, corporate apologists and mouthpieces have led by asserting that true things are false, and vice-versa. In 1837, John Calhoun asserted that "Never before has the black race of Central Africa, from the dawn of history to the present day, attained a condition so civilized and so improved, not only physically, but morally and intellectually." George Fitzhugh called enslaved Africans in America "the freest people in the world."

This tactic never went away. Children sent to work in factories are "perfectly happy." Polluted water is "purer than the water that came from the river before we used it." Poor families "don't really exist." Pesticides don't lead to "illness or death." Climate change is "beneficial." Lead "helps guard your health."

II. Markets can solve problems, governments can't

Alan Greenspan made a career out of blithely asserting that markets self-correct. It was only after the world economy imploded in 2008 that he admitted that his doctrine had a "flaw":

https://www.pbs.org/newshour/show/greenspan-admits-flaw-to-congress-predicts-more-economic-problems

No matter how serious a problem is, the market will fix it. In 1973, the US Chamber of Commerce railed against safety regulations, because "safety is good business," and could be left to the market. If unsafe products persist in the market, it's because consumers choose to trade safety off "for a lower price tag" (Chamber spox Laurence Kraus). Racism can't be corrected with anti-discrimination laws. It's only when "the market" realizes that racism is bad for business that it will finally be abolished.

III. Consumers and workers are to blame

In 1946, the National Coal Association blamed rampant deaths and maimings in the country's coal-mines on "carelessness on the part of men." In 2003, the National Restaurant Association sang the same tune, condemning nutritional labels because "there are not good or bad foods. There are good and bad diets." Reagan's interior secretary Donald Hodel counseled personal responsibility to address a thinning ozone layer: "people who don’t stand out in the sun—it doesn’t affect them."

IV. Government cures are always worse than the disease

Lee Iacocca called 1970's Clean Air Act "a threat to the entire American economy and to every person in America." Every labor and consumer protection before and since has been damned as a plague on American jobs and prosperity. The incentive to work can't survive Social Security, welfare or unemployment insurance. Minimum wages kill jobs, etc etc.

V. Helping people only hurts them

Medicare will "destroy private initiative for our aged to protect themselves with insurance" (Republican Senator Milward Simpson, 1965). Covid relief is unfair to people that are currently in the workforce" (Republican Governor Brian Kemp, 2021). Welfare produces "learned helplessness."

VI. Everyone who disagrees with me is a socialist

Grover Cleveland's 2% on top incomes is "communistic warfare against rights of property" (NY Tribune, 1895). "Socialized medicine" will leave "our children and our children’s children [asking] what it once was like in America when men were free" (Reagan, 1961).

Everything is "socialism": anti-child labor laws, Social Security, minimum wages, family and medical leave. Even fascism is socialism! In 1938, the National Association of Manufacturers called labor rights "communism, bolshevism, fascism, and Nazism."

As Dayen says, it's refreshing to see how the right hasn't had an original idea in 150 years, and simply relies on repeating the same nonsense with minor updates. Right wing ideological innovation consists of finding new ways to say, "actually, your boss is right."

The left's great curse is object permanence: the ability to remember things, like the fact that it used to be possible for a worker to support a family of five on a single income, or that the economy once experienced decades of growth with a 90%+ top rate of income tax (other things the left manages to remember: the "intelligence community" are sociopathic monsters, not Trump-slaying heroes).

When the business lobby rails against long-overdue antitrust action against Amazon and Google, object permanence puts it all in perspective. The talking points about this being job-destroying socialism are the same warmed-over nonsense used to defend rail-barons and Rockefeller. "If you don't like it, shop elsewhere," has been the corporate apologist's line since slavery times.

As Dayen says, Corporate Bullshit is a "reference book for conservative debating points, in an attempt to rob them of their rhetorical power." It will be out on Halloween:

https://bookshop.org/a/54985/9781620977514

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/10/27/six-sells/#youre-holding-it-wrong

[rodgermalcolmmitchell]

If federal deficits are bad, why do we run deficits to cure recessions?

While Trump’s and the Republican ascendency in power may be a disaster for American democracy, such as it is, a few tiny glimmers of financial sunlight peek through the darkness. For the purposes of this post, we’ll ignore the astounding parallels between Trump and Hitler while focusing on the few near-term benefits. Here are a few excerpts from an article in USA TODAY: Stocks soared on news of…

[reality-detective]

Long Post... But Very Important 👇

HISTORY OF THE US NESARA LAW:

· NESARA was signed into law by President William Jefferson Clinton in 2000, at gunpoint because the Military forced him to sign it. He wasn't going to, and was to be announced by Alan Greenspan on Sept. 11, 2001, at 10:00am.

· This was prevented by the destruction of the World Trade Center by then President George W. Bush, Dick Cheney and others involved with this great deception. They murdered 7,000 innocent Americans that day and stole billions in Gold and Silver from Building 7.

· In early 1993, the U.S. Supreme Court ruled on charges by the Farmer's Union that banks in the U.S. were fraudulently foreclosing on farm mortgages and that the U.S. Government was in collusion with these banks. The testimony and proof brought into court by a retired CIA Agent let to further evidence and proof that Farmer's Union claims were legitimate. It also led to evidence that the 16th Amendment, the Income Tax Amendment, was never properly ratified by the required number of states and therefore, declared that income taxes were unlawful.

· Almost unanimously the U.S. Supreme Court Justices ruled in favor of Farmer's Union. The Justices recognized that overwhelming evidence proved the U.S. Government and the Federal Reserve Banking System were perpetrating FRAUD in many ways upon Americans. The Justices recognized that to remedy this situation, massive reformations would be required. When rulings were made by the U.S. Supreme Court, one or more of the justices are assigned to monitor the process by which rulings are carried out.

· In this case, five of the Justices were assigned to a committee to develop steps to implement the required governmental and banking reformations. As the Justices went about developing the changes, they enlisted the help of experts in Economics, Monetary Systems, Banking, Constitutional Law and other areas. They built coalitions of support and assistance with thousands of people worldwide, working with us to bring NESARA and GESARA to fruition. These people were called the "White Knights". The term "White Knights" was borrowed from the world of big business when a vulnerable company is "rescued" from a hostile takeover.

· Because of the enormously sweeping changes the rulings by the U.S. Supreme Court required, an EXTREMELY STRICT gag order was put in place on everyone involved. The Justices also sealed all records on the case until after the reformations are all accomplished.

· To maintain secrecy, the case details for the docket number assigned to the Farmer's Union case were changed. So, doing a search for this case will fail to reflect the correct information until after the reformations are made public. At every step of the process, anyone directly involved has been required to sign an NDA to keep the process of implementing the required reformations "Secret" or face charges of Treason which are punishable by death.

· To implement the reformations, the five justices spent years negotiating how the reformations would occur in agreements called "accords" with the U.S. Government, with Federal Reserve Bank owners, the IMF, World Bank, and numerous countries including the UK and the EU.

· The reformations required the Federal Reserve Bank system to be absorbed by the U.S. Treasury and all fraudulent banking activities to be stopped, as well as remedies to Americans for past harm due to FRAUD.

· The U.S. Banking reformations will impact the entire world and therefore the IMF, World Bank and other countries involved including the UK and the Vatican City.

· Members of Congress were ordered by U.S. Supreme Court to "DENY" the existence of NESARA / GESARA or face charges of TREASON, punishable by DEATH. Some members of Congress were charged with "Obstruction" and threatened with charges of TREASON. Therefore, all members of U.S. Congress have had to pretend that NESARA has not been passed in order to comply with the Justice's GAG ORDER.

O. SAT. 3 AUGUST 2024 NESARA GESARA REFORMATIONS:

· NESARA / GESARA is the most groundbreaking reformations to sweep the world in the entire history of the world.

· All foreigners will be required to return home in order for them to receive their GESARA Payments.

NESARA DOES THE FOLLOWING: 👇

a. Zero's out all Credit Card, Mortgage and other bank and loan transaction debts.

b. Abolishes the Internal Revenue Service and the Income Tax.

c. IRS employees will be transferred to the US Treasury National Sales Tax area.

d. The Federal Reserve will be absorbed into the US Treasury.

e. Creates a 14% - 17% National Sales Tax, applied to NEW ITEMS only for government revenue. Some of it goes to states, rest to new national government.

f. Used items sold will not be taxed. Food & Medicines will not be taxed.

g. Sets up Restitution Payments for those victimized by Chattel Property Bonds. Those Aged 61 and over will receive a lump sum payment. Those Aged 41 to 60 will receive scheduled payments set time and sign work contract. Those Aged 29-40 will have to sign a Work Contract to receive their funds. Initiates a Universal Basic Income or UBI for those 16-29 years old.

h. An increase for retired Senior Citizens up to 3x current SSN amount up to $5,000.00

i. Dissolves US Inc. and returns the country to 1791 Constitution and Common Law.

J. Admiralty-Equity & Civil Laws are dissolved. Judges & Lawyers will be retrained in Constitutional Law.

k. Restores the Original 13th Amendment known as the Titles of Nobility Amendment.

l. Requires that New Presidential and Congressional Elections occur within 120 days.

m. Monitors Elections and prevents illegal election activities of everyone.

n. Creates a new US Treasury Rainbow Currency that is Asset Backed.

o. Forbids the sale of American Birth Certificates as chattel property bonds.

p. Initiates a new US Treasury Banking System in alignment with Constitutional Law.

q. Restores Personal Financial Privacy.

r. Ceases All Military Activities Worldwide.

s. Establishes World Peace.

t. Releases enormous sums of money to be used for Humanitarian Purposes.

u. Enables the release of over 6,000 patents of suppressed technologies including free energy devices, anti-gravity and medical bed technologies.

THE RODRIGUEZ TRUST REDEMPTION AND EXCHANGE FUNDING PROGRAM: 👇

· The Rodriguez Trust, based in the Philippines, is reportedly over 100 years old. It is claimed to be the single largest source of funds in the world.

· Dr. Alan Cohler is said to be the asset manager of the trust. The trust is backed by gold, some of which is said to come from King Solomon’s Temple.

· However, these claims are often associated with spiritual and metaphysical beliefs, and their validity is not universally accepted. For definitive information, legal consultation is recommended.

· The value of both the St. Germain and Rodriguez Trusts have 3083 zeros behind them.

The "New Earth" is near 🤔

[mariacallous]

Alan Greenspan, the fucking Henry Kissinger of finance

[berniesrevolution]

CATALYST JOURNAL

As a lonely critic who dared to challenge Federal Reserve Board chairman Alan Greenspan during the stock market mania of the late 1990s, then congressman Bernie Sanders received recognition from the political left and dismissive coverage from the mainstream media. Sanders subsequently won significant national attention as an outspoken populist critic of the banking system in the wake of the 2007–8 financial crisis. After declaring his presidential candidacy in 2015, he cemented this reputation as the nation’s preeminent critic of bankers, using the campaign to express the anger that many Americans shared about the financial crisis and the resulting bailout. “If elected president,” Sanders pledged, “I will rein in Wall Street so they can’t crash our economy again.”1 Hillary Clinton conceded the appeal of this campaign promise when — panicked by the popularity of Sanders’s attack on finance and unable to respond effectively to his criticisms — she sought to change the subject by exclaiming, “If we broke up the big banks tomorrow . . . would that end racism? Would that end sexism? Would that end discrimination against the LGBT community?”2 The stand that Sanders took against the banks was compelling, true to the contemporary moment, and appeared novel. But although unfamiliar to the times, opposing the excesses and power of bankers was hardly original. Sanders emerged as the successor to an influential strand of American political culture with deep historical roots that has motivated far-reaching economic demands in the past and could do so again in the future.

As the Sanders campaign demonstrated, while banking is widely considered to be dry and dull, it’s nevertheless an issue that can energize working-class politics. Discussing and debating banking calls attention to opposing material interests, which promotes a politics that is attuned to questions of class. Workers confront the relevance of banking to their daily lives every time they check their account balance or pay a bill.3 When Sanders presented financial policy as a clash between Wall Street on the one hand and “working families” on the other, he articulated a class-based populist message that could reach a diverse spectrum of working-class voters. In the past few years, local single-issue groups promoting public banks made real headway in several heavily Democratic cities and states. Among other issues, their campaigns foregrounded green energy projects and unequal credit access due to racial discrimination. This messaging excites liberal Democratic politicians, but its capacity to forge broader coalitions and inspire the solidarity that sustains working-class politics is more limited.4

A look at the past reveals that banking programs that are framed in universal terms can offer an effective organizing device with widespread appeal. Shared commitments to remaking the banking system were the cornerstone of an influential American political tradition. In the late nineteenth century, the “money question” galvanized two mass political parties that protested Gilded Age inequality, the Greenback and Populist parties. In the early twentieth century, large numbers of workers and farmers across the nation rallied around banking reforms as a means to make American society more democratic. Seen in the light of this history, the promise of material benefits from government banking continues to present a source for working-class political mobilization today.

Recent polling indicates that the public is dissatisfied with the private banking system. In 2024, the Pew Research Center revealed that 60 percent of Americans think that banks have a negative effect on the nation. This discontent with the current banking system is bipartisan: Democrats and Republicans were equally likely to view banks as having a negative impact.5 Such an outlook conformed with the findings of earlier surveys. A 2016 poll by Edison Research found that a majority thought Wall Street — a term commonly used for large banks — did more to hurt than to help the lives of Americans, an opinion that prevailed across racial, gender, educational, and partisan lines, with one exception. The only group that bucked this pattern were those with postgraduate educations, though here, too, a plurality thought Wall Street did more harm than good.6 And these poll results aren’t a post–financial crisis phenomenon. When Louis Harris and Associates conducted polling on the subject in 1996, amid an economic boom, the firm’s chairman concluded that the public’s impression of Wall Street was “awful.” In the survey, 61 percent of Americans agreed that Wall Street was “dominated by greed and selfishness” and 64 percent agreed that “most people on Wall Street would be willing to break the law if they believed they could make a lot of money and get away with it.”7

Government banking could open up new economic possibilities. Absent the imperative to maximize profits, public banks from the local to the federal level could help advance social democratic policies. Operating under the mandate to promote social welfare, such banks could help finance universal government programs. Public infrastructure projects would be prime candidates for these loans. Importantly, government banking would bolster public control over capital flows. Increasing funding opportunities for social goods and government services would invigorate the public sector. Government banking could allow for greater public management of capital allocation among different economic sectors and make investment decisions more democratically responsive.

(Continue Reading)

[horsesource]

Love your blog and the excerpts you share. Are there any books on adhd or topics adjacent to it you would recommend?

Hello! Thank you 🐿️

I don’t seek out writing preoccupied explicitly with adhd. I really like Franco Berardi and he has written about the acceleration/predation of attention and the erosion of sensible sensuous time under “semiocapitalism”. Precarious Rhapsody is a book that discusses this, particularly in chapter 2:

But if you don’t wanna read a book he pays attention to attention and “attention deficits” in articles too:

“Do not forget that your brain functions in time, and needs time in order to give attention and understanding…You can accelerate attention by taking amphetamines, for instance, or using other techniques or drugs that give you the possibility of being more attentive, more productive in the field of attention. But you know how it ends.

One can recall a time around the dot-com crash of 2000 when a number of books dealing with the topic of the attention economy appeared in bookstores. Economists suddenly became aware of the simple fact that in a semiocapitalist world, the main commodity becomes attention. The 1990s saw an era of increasing productivity, increasing enthusiasm for production, increasing happiness of intellectual workers, who became entrepreneurs and so forth in the dot-com mania. But the 1990s was also the Prozac decade. You cannot explain what Alan Greenspan called the ‘irrational exuberance’ in the markets without recalling the simple fact that millions of cognitive workers were consuming tons of cocaine, amphetamines, and Prozac throughout the 1990s. Greenspan was not speaking of the economy, but the cocaine effect in the brains of millions of cognitive workers all over the world. And the dot-com crash was the sudden disappearance of this amphetamine from the brains of those workers…

The cognitive workers were both economically and chemically depressed, and because the attention economy was oversaturated, it was time to start the infinite war, the preemptive war, the never-ending war. This is what the Bush years brought: while using a lie to start a war in Iraq seemed crazy, the purpose was never to win or lose, but to fight a war that would never end.

More and more signs buy less and less meaning. In a letter to linguist and semiologist Thomas Seboek, Bill Gates wrote that ‘the digital revolution is all about … tools to make things easy.’ It seems that Bill Gates ingeniously grasped the problem in the relationship between meaning and power. Built under a hippie principle of bringing information to the people, the friendly interfaces developed by Steve Jobs and Steve Wozniak began a dangerous process of making things easy: if you make things easy, a large majority of people will follow you. In this way, we find the evolution of the internet to be the evolution of a system that begins as a channel for research and discovery, for creation and invention, to become essentially a place where things are easy. It is in this way that meaning can be totally forgotten, but information can continue to move.

When more signs buy less meaning, when there is an inflation in meaning, when the info-sphere accelerates and your attention is unable to keep up, what do you need? You need someone who makes things easy for you. It’s a problem of time.”

[hellotom14]

„Ich weiß, das Sie glauben, Sie wüssten, was ich Ihrer Ansicht nach gesagt habe. Aber ich bin nicht sicher, ob Ihnen klar ist, das das, was Sie gehört haben, nicht das ist, was ich meinte.“ Alan Greenspan

Ich wünsche allen Lesern einen schönen Dienstag.