The Geithner-Krugman affair on ABC's This Week is another showcase of the type of criticism that is allowed and tolerated by the ruling elite on national television. Krugman's critique of the Obama-Geithner plan for the economy is deeply flawed and laughable if it weren't coming from a Nobel prize winner. I just feel sorry for the guy, he's making a fool of himself while setting an example for future generations of economists of what not to say during market downturns.
"It's a plan to rearrange the deck chairs and hope that that keeps us from hitting the iceberg," the Nobel prize-winning economist said of Geithner's bank plan.
Wrong.
We've already hit the iceberg. The plan's real purpose is to provide the lifeboats for the money changers, the oligarch fascists, and corporate patrons while the rest of America is forced to drown. The titanic analogy is a faulty one anyways because the captains of America's ship saw the iceberg miles away and purposely hit it. A crisis of this magnitude is not an accident, and the crooks writing the new laws are not innocent.
This economic dweeb got a Nobel prize and all of a sudden were supposed to take his word as gospel? Truth is prestigious, not awards and titles. The professional retards allowed center stage to criticize Obama belong to the Special Olympics of opposition. If this was bowling, Krugman would have trouble putting his fingers in the wholes.
The private charter that has been endowed to the Federal Reserve Bank must be repealed. Nationalize or End the Fed. Either democratize the issuance of money or make gold and silver legal tender and allow it to be traded on the market. That way, a number of currencies can compete for commerce within the country. The solution is not one currency backed by a single, multinational government but a range of currencies. You attack the establishment by exposing and attacking the Fed. You do not attack the establishment by using the establishment's arguments and instruments of warfare.
Krugman is allowed to be on TV challenging the Obama administration because his views are non-threatening and his analysis is generally very weak. He is a paper tiger, the real opposition will not be televised. If by chance some real voices squeeze through they won't be on air for long or their opinions will be marginalized as fringe and not workable. The idea that must be attacked is the use of paper to recover the economy which will only put the country in a far worse position. But again if paper must be used, since we are off the gold standard, or any other economic standard, then at least hand out the paper to the honest, just and worthy citizens. One of Confucius principles for running a country is you upheld the honest and the just and punish the liars and the crooked. Obama has done the opposite. He has repeated pass mistakes and continued Bush's policy of establishing corrupt public officials in key positions. There isn't another Brownie at FEMA so the Obama admin doesn't express the vulgarity of Bush's appointments but the general trend of putting thieves and scoundrels into the highest positions in the land has continued. That type of governing is what starts revolutions. You must not favor the crooked or else you'll have blood on your hands. The majority of the blame falls on the leaders of America but one small fact still remains; the people deserve the government they get.
