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possible next stages in the global economic situation

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Come Carpentier de Gourdon
Message Come Carpentier de Gourdon

Despite their divergent opinions, the three aforementioned authors agree on the seminal and decisive role the Neocon cabal, with the tacit support of many nominally Left Wing liberals-whose declared opposition turned out to be deliberately "platonic" and ineffective - played in fostering and waging the Iraq and Afghan wars on the US and its closest allies and in making American policies increasingly aggressive and militaristic to the point of alienating the country from most other nations. It should be noted, however, that such a threatening and expansionist posture is directly related to economic policies that relied increasingly on the unlimited expansion of credit to finance US prosperity at the cost of other countries, incited to produce consumer goods and export them, along with natural resources, against payment in Dollar-denominated virtual debt instruments.

Military imperialism is hence but the flip side of US casino-like financial system. We should not confuse this critique of a particular ideological interest group with propaganda against an ethnic or religious community since, as has been said time and again, by serious scholars on this issue, there is no place for anti-Semitic in rational debate.

THE OBAMA ENIGMA: TENSIONS ON OLYMPUS?

The situation is fast coming to a head in the USA. President Barack Obama was obviously selected by the ruling Inner Circle, before being elected under the American opaque and convoluted "democratic" process, in order to provide a welcome relief to the world and to Americans, largely horrified by the crass and brutal display of the neo-conservative police state under the Bush-Cheney presidency. A man had to be found outside the elite as a goodwill ambassador and reassuring symbol to the "Third World", the Muslim countries in particular as well as to the restive ethnic minorities at home. The young, handsome and eloquent senator from Illinois, Lincoln's state, with a past in Black American community activism and links with radical leaders as Rev. Jeremy Wright was an ideal candidate. Though he was not well known, many in the supra-national financial Command and Control Centers decided to throw their support behind him but if we judge by the names of his major funders, beginning with the biggest of them, Goldman Sachs, he was and is expected to behave by their rules and protect their privileges while shielding them from the fallout of the economic disaster for which they are largely responsible.

So far the charismatic Afro-American President, flanked by trusted insiders as his keepers, from Rahm Emanuel to Tim Geithner, has kept his part of the bargain by sponsoring gigantic bailout packages, mostly to benefit the money center banks, that are as hermetic and secret as the prior TARP. However there is perhaps another, "atavistic" side to Obama, shown by his displeasure with Israeli obduracy, for which the Bush administration had unlimited tolerance, by his relative personal good will towards nations such as Russia that are regarded as inimical by the financial elite, and by his seeming willingness to let some of the most blatant cases of corruption and fraud that pervade the highest spheres of the financial system be brought to light.

A growing expose of Goldman Sachs, reflected in a scathing article by Matt Taibbi in "Rolling Stone" and pursued by Max Keiser in a TV program which has become a global hit, is threatening to destroy or at least maim this colossus whose alleged criminal practices are now common knowledge. The arrest in July 3rd of former Goldman employee Sergey Aleynikov led to the discovery of a top secret trading software that he stands accused of stealing from the firm. It appears, according to various reports that six months after the 1987 market crash, President Reagan created a working group on financial markets in which Goldman was made an adviser, with the task of helping make liquidity available in exceptional circumstances.

It has now been made public that the New York firm used this inside track to access certain Government security codes and thereby perfected technical tools to manipulate markets that made many suspect that it had privileged information. Such accusations only confirm allegations that the secret financial (and supra-national) power that rules the US has a backdoor to the most restricted departments of national policy. Only connivance at the highest levels can explain frauds on the scale of that perpetrated by Bernard Madoff in which some hundred and fifty billion Dollars at least are unaccounted for and are believed to have been transferred to other countries with which the secretive financier had special relations.

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Come Carpentier is a French writer, traveller, editor, consultant and researcher born in the Canary Islands, who lives and works in India and in Europe (France, Italy.Switzerland), helping manage a private foundation and contributing to various (more...)
 
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