MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop
MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
"In the end, those gambling in Las Vegas lose more than they gain. As a society, we are gambling – with our big banks, with our nuclear power facilities, with our planet. As in Las Vegas, the lucky few - the bankers that put our economy at risk and the owners of energy companies that put our planet at risk - may walk off with a mint. But on average and almost certainly, we as a society, like all gamblers, will lose.
That, unfortunately, is a lesson of Japan’s disaster that we continue to ignore at our peril."
Comments
And Danny Schecter warns not to take the lower unemployment figures too seriously.
"At the same time, better paid government jobs are being chopped, leaving workers in low wage private sector employment paying less money for more work. Foreclosures are up even as bank profits (and CEO salaries) soar.
We are just learning the full extent of the Federal Reserve Banks loans to banks the world over, while a promised crackdown on fraud has yet to come. A bailout costing trillions was kept secret until a reporter's lawsuit just forced a disclosure.
Still hidden is the role government plays in manipulating markets or pumping them up through the Plunge Protection Team, a shadowy agency I discuss in more detail in my book, The Crime of Our Time.
Wall Street's "swinging dicks", as they are called are back in the saddle. They have neutered financial reform and have silenced the president, who seems to want to cheer up the people rather than inform them about what is really going on, as food and gas prices rise while inflation begins to rear its ugly head.
Veteran investor Jim Rogers told the Daily Bell:
It is already happening; prices are going higher. Now the blame game starts and the government will blame it on draught or crop failure or whatever.
Politicians will do and say anything to avoid explaining that inflation is a monetary problem. Their reactions are always the same and it is always astonishing to me."
http://english.aljazeera.net/indepth/opinion/2011/04/20114573053210245.html
by we are stardust on Wed, 04/06/2011 - 6:33pm
Thanks for this. Good articles.
by cmaukonen on Wed, 04/06/2011 - 7:36pm
Welcome, C. A good day for Depression. We.are.nutz. Not.worth.the.planet's.stewardship.
by we are stardust on Wed, 04/06/2011 - 8:43pm
Well before you go and slit your wrists Stardust just bare in mind that what we have now that tries to be passed off as political discourse is what you would get if you passed out bull horns to every drunken Texas Rangers fan during half time.
by cmaukonen on Wed, 04/06/2011 - 8:56pm
Er...I'm not sure that reaches any bar of 'comfort', except 'Cold', but I do thank you for the metaphorical comparison. ;o)
by we are stardust on Wed, 04/06/2011 - 9:09pm