Friday, October 31, 2008

Uncle Miltie

dear family and friends
well it has been a few days since i have had a chance to write. i have continued with my research nonetheless.

as you know my focus politically is to make people aware of the role the federal reserve plays in our lives and how the banking establishment and corporate america all play pivotal roles in the execution of the policies of the federal reserve.

what follows is the first of many parts on how we are manipulated and controlled by the banks and the federal reserve.

one of the key figures in the development of corporate america and our economic policy is or i should say was milton friedman..........uncle miltie.

this diminutive 5'2" dynamo in my opinion should have been on the ten most wanted list of the fbi. the reason he wasnt was probably because the fbi is govt agency.

some might ask what a guy who has been dead for almost 3 years has to do with the current economic meltdown. well we have to look at the ways change takes place.
in our own lives we tend to make major changes because we have experienced some sort of painful experience ie. we get a divorce and decide to go into counseling. or an industry we are working in is experiencing some difficulty and we need to relocate. some change is gradual and more organic ie. we go to school to learn a new skill or trade. this sort of change is voluntary and generally longterm.

so we can break it down into to types of change for simplicity sake. one in response to external circumstances being forced on us (painful, sudden, involuntary) and the other in response to an internal prompting to make beneficial changes in our circumstances(not painful, over time voluntary).

when it comes to making changes in the economy uncle miltie had a very definite preference for painful and sudden changes. the following is a quote from 1982.

"only a crisis -actual or perceived- produces real change. when that crisis occurs the actions that are taken depend on the ideas that are lying around. that i believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes politically inevitable."
milton friedman

now on the surface it seems not too bad an idea to have some ideas lying around in case we have a crisis. however it is a very bad idea to precipitate a crisis to implement your ideas.

i have said it before and i will continue to say it.........this current economic "crisis" actual or perceived is not an accident.
alan greenspan was not a stupid man he knew exactly the outcome of his monetary policy. he lowered rates and kept them low for a very long time. when you pump that much money into an economy credit bubbles happen. bubbles pop and there are serious consequences in the economy. the bigger the bubble the bigger the consequences. in the nineties we had the tech bubble followed by the real estate bubble in the early 2000's

ben bernanke is a self described student of the great depression. he is now the chairman of the fed. his policies which are a continuation of greenspan's are directly responsible for our current crisis. he recently lowered the discount rate by .5 %. effectively it was .67% so it is just about 0. dont go looking for this cheap money just yet: this is money "loaned" to banks to lend to other banks.
(this is currently not happening as banks do not trust one another......imagine that)

in the 1950's and 60's countries in south america were experiencing a wave of developmentalism led by juan peron in argentina. under developmentalism countries nationalized natural resources, raised tariffs to keep out foreign imports, building infrastructure, subsidizing factories and creating economies in chile, argentina, uruguay and brazil which were the envy of the rest of latin america. universities were built, unions negotiated contracts which led to the expansion of the middle class, uruguay offered free health care for all its citizens, and literacy rates soared.

uncle miltie had a different idea "lying around". being a disciple of freidrich hayek of the austrian school of economics, uncle miltie believed that government involment in the economy was a bad thing. he was for the privatization of just about everything, health care, pension funds, education, the post office, and even the national parks.
he believed that corporations should have free rein in the marketplace (deregulation) and that the market would function to regulate the economy. ( alan greenspan before congress last week actually said he thought the investment banks and others would self police themselves thereby avoiding the problems of the subprime meltdown). uncle miltie would have done away with any laws in regards to labor such as the minimum wage, child labor laws and workplace safety regulations. he was in favor of very low taxes and a flat tax on everyone.

the first u.s. president to embrace fully miltie's ideas was ronald reagan. when reagan took over in 1981 the u.s. was the largest creditor nation on the planet. in eight years the u.s. was the largest debtor nation. reagan fired over 11,000 air traffic controllers who went out on strike using the logic that if they did not show up for work they did not want their jobs. james watt his secretary of the interior sold off land owned by the people of the u.s. for bargain prices. deregulation led to the savings and loan fiasco in
which john mccain played a minor part and george bush's brother, neal a somewhat more major role. all to the tune of billions of dollars that the taxpayer had to pay.

i think the theory that markets can in a egalitarian way provide for the welfare of a country makes sense on paper. but the departure from reality is where the problems lie.
in a totally free market of individuals on a local level, i believe that free market capitalism can work. it can work because on a small scale it can be self-policing.
it can be self policing because we live and work in the same community.

the current system of "free" market capitalism has several flaws. number one corporations are treated as individuals. it is not self policing because the effects of it's actions on local citizens are not factored into decisions. we have a system where a corporation with headquarters in a totally different country can determine the economics of any given locale. it can determine the environment of any given locale and can determine the politics of any given locale.

these decisions made by corporations are made with only one interest in mind .......the bottom line. the corporations are responsible to only one group.....shareholders.
these shareholders have only one interest .............profit.
these shareholders are held blameless for any action taken by the corporation in the name of profit.
there is a total disregard for the idea of the commons. the commons being the air we breathe, the water we drink. the land we hold in common ....public lands.

now some of you might be wondering what all this has to do with uncle miltie.
well quite a bit actually.
there is a lot of ground to cover and it will take a number of posts to explore all the ways uncle milties ideas have impacted not only our lives but the lives of virtually every being on the planet.

uncle miltie was not in my opinion an "evil" man. he was very smart. i am willing to give him the benefit of the doubt, and say he was just misguided by being married to an ideology. an ideology which had devestating perhaps unintended consequences for the planet.
i am giving him the benefit of the doubt because i know he was right about at least one thing....................we should get rid of the federal reserve.
i do not know how actively he pursued that idea but at least he said it.

so my family and friends it is election day in america............as you know i voted for ralph nader. many of you are obama supporters.
probably the biggest reason is the desire for change.
i personally do not think obama will bring much of a change since he was financed by wall street.
i think he will just shift the war in iraq to the war in afghanistan.
we will still have over 800 u.s. military bases in 130 countries around the world, providing security for the corporations doing business there(and not paying taxes here).
he will continue to give the banks all the power over the american economy. (his speech on the bailout was really quite illuminating)
we will continue to have a military industrial , congressional complex
we will continue to bear the consequences of the systematic destruction of the middle class.
we will continue with a failed healthcare system.
we will continue to stand by as our education system deteriorates.
we will continue as the media of this country continues t dumb down the american people by narrowing the scope of the dialog.

so i just keep hearing the song in my head............change change change .........change of fools.

your loyal info serf
om shanti
joe


Monday, October 27, 2008

obama..........why NOT.

dear family and friends

well it is election time in america. the leaves are changing and the answers are blowin in the wind. here in the ozarks we will have our first "killing" frost tonight.
i am listening to lowell george sing apolitical blues.............." they say it is chairman mao
i just dont want to talk to him now."

i did get a little political today, i went out and voted. i'll tell you later who i voted for, we have more important issues to deal with now.
i went to the county courthouse and could not get in the parking lot, no it wasn't crowded it was closed. the sherrifs deputies standing outside said they closed it because it was starting to fall in.

now i know our infrastructure got a D from the american society of civil engineers but this still smelled fishy. my immediate reaction was it was a reverse acorn. there was a piece of plywood on the ground with some cinder blocks holding it down. the deputies said there was a nine foot hole. i said wow and they said wow right back.
i will do some more investigating as we all know "timing is everything."

so back to the subject at hand. senator barack obama.
i am sure many of you have good reasons for voting FOR obama. i have some not so good reasons some may be voting for him.
if you are voting for him because he is black .....this is a bad reason.
if you are voting for him because he is young and energetic ......this is a bad reason.
if you are voting for him because he is a good orator ............this is a bad reason.
if you are voting for him because you hate george bush ........this is a bad reason
if you are voting for him because you think things will change .......this is a very bad reason.

i did a little research on senator obama to see who his biggest contributors are. well golleeeeeee you would never guess.
but first for those of you who opposed the wall street sellout........that is those of you still breathing ..........like everyone.
i happened to see our good senator on the floor of the u.s. senate (you know the u.s. the took the us out of) giving an impassioned speech in favor of the sellout.
this is a bill that swelled from a mere three pages and 700 billion to 850 billion+ and over 450 pages in the space of three days. now when i was 13 years old i had to take a speed reading course to take the advanced english class in my freshman year of high school. i can read pretty damn fast when i want to. but never in my wildest amphetamine crazed fantasies could i have ever dreamed of reading over 450 pages of legalese in one day. nor could i imagine how any one could have written a piece of legislation in two days. it kind of reminds me of another bill that materialized out of thin air .........the patriot act. so senator obama takes a break from his campaign to ride into dodge to make sure he does the "people's" business. it was quite a speech urging his peers to vote for something he never read.

excuse me but i think he called john mccain erratic. how does one describe his behavior..........thoughtful? considered?intelligent? yep intelligent.

here is why it was intelligent. please keep in mind who it was that brought you the financial crisis in the first place.

here is a partial list of the top contributors to senator obama's campaign, some of which should ring a bell ...........get it wall street ring a bell..........oh never mind.

goldman sachs............................$799,821 top of the list
jp morgan....................................$529,012
citigroup.......................................$523,948..........robert rubin top economic adviser to
the obama campaign and chairman
of citigroup
ubs ag.........................................$435,000
skadden arps..............................$415,480.......more on them later
lehman........................................$403,624..........how come they didnt get bailed out?
morgan stanley............................$367,380
time warner................................. $379,313..............great coverage
google..........................................$499,705........yahoo- google merger coming up
this will them give control to over 80%
of the advertising on the internet

so we have 4 of the top contributors to the obama campaign among the nine banks that are getting the lions share of the money from the bailout.
ubs ag is a huge investment bank in switzerland which has already received a big
helping hand in europe.
i really would like to know though what happened to lehman $403k should go a long way. one day the story will come out............inquiring minds want to know.
then there is skadden arps. with approximately 2000 lawyers (cant be too careful) 22 strategically placed offices on four continents (none on antartica). they have beijing, tokyo, london and wall street covered.
they have been named the best corporate law firm in the u.s. for the 8th straight year.
this according to corporate board magazine. they came in with $415k.

it is expensive to run for president. costs about 600 million+ for a $400k a year job.
i think the electorate would be better served by staffmark after all it is a temporary job.

oh i forgot......... one more.
university of chicago.....................$294,237..........uncle miltie's school to be covered in a later post.
in a nod to my own fairness doctrine i will give you some of john mccains numbers.

merril lynch...................................$358,320.........no longer around but faired better
than lehman
citigroup........................................$298,101
morgan stanley.............................$250,377
goldman sachs.............................$245,995
jp morgan.....................................$215,092
credit suisse.................................$177,603
wachovia......................................$150,256..........bought out
bank of america...........................$147,276
ubs ag..........................................$139,865
lehman.........................................$118,807

just a quick observation will reveal a startling discrepancy in the contributions between obama and mccain. not to mention two of the contributors to mccain no longer exist.
i used to play the ponies, pitch pennies, bet on a football game or two and still enjoy a game of poker now and again. let me tell you folks if obama is your man and you are the least bit nervous about obama getting elected well relax the fix is in.

any money these guys gave mccain was just to hedge their bets........hedge funds anyone.

these guys dont throw that kind of money around (when it is their own) unless it is a sure thing. these are black box traders, they invented the game. it is OVER.

if anyone would like to take a little side bet i am ready.

so the people that brought the american economy to it's knees are backing obama.

if you are voting for him because you think things will change ........this is a VERY VERY VERY bad reason.

if you are voting for him because he promised to expand bush's faith based initiatives...................thomas jefferson thinks that is a very bad reason.

so who am i voting for?
well a few weeks ago a guy came to fayetteville and gave a talk. i had heard it many times but this was the first time in person. he appeared weary at first and started very slowly. i really felt sorry for him. it was almost pathetic. but then there was a change it was very subtle but you could feel the passion rise. you could see the honesty in his face. you could hear the sincerity in his voice. i sat there thinking he has a better chance of being an astronaut than being president.

i watched him as he said things i would be saying, with the same intensity i would be saying them. i found myself quietly nodding in agreement.

the man got my vote that night because he was me, and i could not , not vote for me.

that to me is a very good reason to vote for someone.
how many times have we voted for someone because he was the lesser of two evils or we were voting against the other guy.

i refuse to do that anymore.

i am voting for ralph nader, for the third time. yeah i fight windmills too.

if we do not start voting our hearts we will be lost. if we do not expand the political process to include real candidates for change we will remain serfs. we can be willing or unwilling serfs but serfs none the less.

we currently have a one party system in this country...........it is the corporate party.

we need to have a few more choices if we want a few more opportunities.

on a lighter note they almost had to carry me out of the courthouse today. no i was nort doing my wto revolutionary thing. i was laughing out loud.

one of the statewide acts was designed to change the constitution to keep idiots and the insane from voting hahahahahahahahahahaha.
i kid you not. hell if we did that who would be left to vote................needless to say i voted to keep things just the way they are hell i just might be an idiot or insane.

in the land of the blind even a one eyed man can be king.

your loyal info serf

om shanti
joe




Sunday, October 26, 2008

welcome

WELCOME DEAR FAMILY AND FRIENDS

well i finally got it together to put up this site.
this being the first post i feel i should give my reasons for posting.

i have been alive for 59 years and have never experienced anything like the events of the last 6 months. i have observed and studied everything i could get my hands on to get an idea of the causes and the strategies to best deal with this financial crisis.

what i believe to be true is that none of these events were accidents. i also believe that the root cause is the federal reserve which is a PRIVATE corporation. it is not a government agency. it is run by the very people who created this crisis and who now tell us they will get us out. i will share my views of current events thru that filter. i welcome any and all comments and disagreements. my wish is for this site to be an open forum to share ideas and strategies in an effort to develop a community. not only in cyber space but in the "real " world.
i have been given an opportunity to have the time and the inclination to do the research which many are not able to do.

i have been inspired by an incredible guy named chris martenson. i first became aware of chris when i stumbled on a paper he wrote called "the end of money". it was a very catchy title. i read it and found his site on the web. i have been a member ever since. he is an incredible human being. he devoted 4 years of his life to putting together a synthesis of the economy, energy and the environment. it is called the crash course. it is 3 hours long and is divided into 20 chapters.
you can watch them at your leisure or all at once. it is the most complete treatment i have found in one place of all three issues.

he has put this information on the web absolutely free of charge..........amazing. chrismartenson.com
i will be arranging public showings in the nwa area and ask all of you to tell everyone you know about it.

i will be posting other resources i feel will be helpful and ask you to contribute any you feel will be useful.
helpful for what you may ask? well i see us at an incredible time in human history. we are watching the greatest transfer of wealth in the history of the planet. i have watched as the middle class of this country has been systematically destroyed. our jobs have been shipped overseas, real wages have declined, we have been subjected to the hidden tax of inflation, our retirements have been absconded with and thru fuzzy numbers our senior citizens have lost much of their purchasing power. the top one percent pays less in taxes yet gets more government benefits.

it is for all these reasons i am writing this blog. the american people are for the most part ignorant of what has been happening and have been caught unawares and unprepared.
we have elected officials who have taken money from the rich and powerful and ignored the people who voted for them.
the media has marginalized any candidates who might offer real change therefore depriving the citizens of this country of a real debate and real change. we are given the choice of voting for the lesser of two evils rather than someone we can believe in.
barack obama receives more than 3 times the amount of campaign contributions from wall street than john mccain. i dont think we will see much change in the way our economy is run. his number one economic advisor is robert rubin former goldman sachs man and chairman of citigroup and partner with alan greenspan in the destruction of the u.s. dollar. i will devote an entire post to this upstanding citizen and all round "nice" guy.

well i have to sign off now but one more thing.
some of you might wonder about the title serfinfonetwork (SIN)
i am a serf as are most of you who are reading this. you either know it or you dont. you are either willing or unwilling serfs. i serf the news to keep myself informed and my family and friends.
there is an aristocracy in this country. they are a privileged class. that seeks nothing but more power and privilege. that privilege is derived from the toil of the serfs who till their fileds, mine their mines, clean their houses, fix their maseratis and wait on them at 5 star restaurants.

i will explore with you the numerous ways they tilt the playing field in their favor with total disregard for our welfare. i will do it with as much due dilligence and integrity as i can bring to bear. i will do it with as much humor as i can muster thru the tears as i think about this incredible dream called america and what has happened to it's promise of liberty and justice for all. live large laugh loud and love till it hurts.

your loyal info serf

om shanti
joe