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Truth About Global Economic Crisis: book review
banksters corporatist bubbles

New Videos & New Petition to Create a State Bank

The few who wield the power to grant loans and issue new currency have accrued so much power as to rise above the law. These two articles are by occasional contributors Joel Hirschhorn, retired mechanical engineer, and Scott Baker, OpEd News journalist/senior editor, Huffington Post blogger, and president of Common Ground-NYC. If you have a story to contribute, please do.

by Joel S. Hirschhorn and by Scott Baker, 13 January 2011

You want to read The Global Economic Crisis: The Great Depression of the XXI Century, edited by Michel Chossudovsky and Andrew Gavin Marshall, if you meet these criteria: you welcome information and analysis about critical issues that come from great thinkers outside the mainstream media and publishing world; you can handle brain pain from detailed and brutally honest revelations; you are willing and able to challenge your own biases and preconceptions to let in new explanations of how the world really functions.

If millions of Americans read this book, we would probably see a far stronger uprising against the political establishment that has refused to severely punish the countless guilty people in the banking and mortgage sectors that brought down the US and global financial system.

This book ties together a large number of factors in twenty chapters that reveal just how corrupt the world has become because of the power of plutocratic, wealthy, and corporate interests. From Wall Street corporate boardrooms to the Federal Reserve and other central banks to the US military and NATO, a multitude of threads get woven into a disturbing tapestry of crimes against society that still have not been prosecuted.

This book is truly an instrument of anti-brainwashing. If you are willing to spend serious time reading it, then you surely will become much angrier about the dismal state of the economy that is causing so much pain and suffering to ordinary people worldwide. If you personally have escaped the worst ravages of the economic meltdown, then you will have much more compassion for those severely affected.

In all honesty, if the current global economic crisis has made you angry, pessimistic, fearful, paranoid, despairing, and worse, then this book will most likely exacerbate all such feelings. By revealing still more connections, implications, and causes, this book will motivate you to do anything you can to fight the corporate, plutocratic forces devastating the lives of ordinary people. If you already have little confidence in government, it will only make things worse. Does all this mean you should avoid reading it? Absolutely not.

Here are a few statements from the book that resonated with me and that you can use to decide whether the general philosophic orientation of it is compatible with your views:

“Wall Street’s Ponzi scheme was used to manipulate the market and transfer billions of dollars into the pockets of banksters.”

“Government rescue packages around the world are corporatist in their very nature, as they save the capitalists at the expense of the people.”

“The global political economy is being transformed into a global government structure at the crossroads of a major financial crisis.”

Just gin up the courage to read it, get out several color markers to highlight passages, and expand your knowledge to overcome all the propaganda constantly being hurled at you. We need more citizen unrest to energize more public protests to overthrow the powers that control our government. A key voice in the mainstream media that is in sync with the painful messages in this book is Dylan Ratigan who has a terrific daily show on MSNBC. He too should read this timely book.

JJS: With the book, there are some videos on bankers gone bad and what we could do about it.

Many economists and even a few bankers did see what was happening (and got derided or even fired for speaking out). There are elements to human psychology that must be understood to "get" why human beings continuously create bubbles and pop them. Two who saw what was happening speak out in this interview: click here

Unassuming lawyer and author Ellen Brown heads a group that has released a video that shows how China, despite being as heavily in debt as we are, or more, under traditional accounting rules, has managed to grow and prosper throughout the last 20+ years, even as we in the West sink ever-deeper into debt. click here

I massaged my old petition to ex-Governor Schwarzenegger, and redirected it to Governor Jerry Brown and the California State legislatures. I'm trying to collect 20000 signatures, and I could really use your help. To read more about what I'm trying to do and to sign my petition click here It'll just take a minute!

Once you're done, please ask your friends to sign the petition as well. Grassroots movements succeed because people like you are willing to spread the word!

If you can control the issuance of new money, even indirectly through a carefully crafted central bank, then monopolization of the money supply is as big a threat to the public welfare as monopolization of Land. The latter might not seem like a modern problem, so you might be surprised. Check out our new video, "Walking the Common Ground of New York City", by Lindy Davies and Mike Curtis: click here

JJS: Modern people have a much easier time seeing money than they do land. They refer to the “financial crisis”, completely forgetting that it was a real estate bubble that burst. How to get people to see land and the immense amount of money people spend for locations, especially prime ones? One strategy is to try all the money fixes, see how far we get, and if there’s still poverty, recessions, bubbles, unaffordable housing, eco-ploitation, income inequality, dreary workweeks, etc, then they might become ready to try something even more fundamental -- geonomics, which is the public recovery and disbursement of the socially-generated values of sites and resources. It’d work even if money no longer were to exist.


Editor Jeffery J. Smith runs the Forum on Geonomics.

Also see:

Let's add Land Speculators to the list, too

Fraud wasn't a problem, it was the business plan

Foreclosure rates up, Home sales down, as …

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