Krugman Extrapolates Inequality
http://vimeo.com/92308666
This is a segment of the Bill Moyers program on PBS where Paul Krugman, the NY Times Economist is giving a book review of Thomas Piketty's book Capital In the 21st Century.
As I watched this, I was most taken by what was NOT being said, and the issues that were Not being addressed, and by the mythology that was being promoted. I could not help reminding myself that Paul Krugman is an employee of the New York Times, America's premier propaganda outlet.
But to make a long story short, the mythology being presented was that 'the era of self-made wealthy people' was coming to an end. Wealthy people are wealthy not because they work hard, but because they belong to an exclusive club that gives them connections, insider information and protection. It makes them wealthy and keeps them wealthy. That was something nobody talks about. (It's a big secret.) The club owns the government. (Another big secret.)
Another thing that was not talked about was why Capital grows at a faster rate than the economy. This is the third rail of politics and economics, and you do not ever talk about this or your career will come to a grinding halt. The real reason capital grows faster than the economy is because our money system creates money out of thin air and gives a monopoly to a small group of people to charge interest to lend it out. If you think about this carefully, you will see that this will result in a small number of people --the ones who create the money--accumulating all the wealth, by putting a burden on the economy to pay the interest. It is 'systemic usury' and anyone who talks about it will suffer.
Hatha
Re: Krugman Extrapolates Inequality
No argument here but what is it going to take to change this entrenched evil that rules over us?
Re: Krugman Extrapolates Inequality
Quote:
Originally Posted by
Hatha Sunahara
This is a segment of the Bill Moyers program on PBS where Paul Krugman, the NY Times Economist is giving a book review of Thomas Piketty's book Capital In the 21st Century.
As I watched this, I was most taken by what was NOT being said, and the issues that were Not being addressed, and by the mythology that was being promoted. I could not help reminding myself that Paul Krugman is an employee of the New York Times, America's premier propaganda outlet.
But to make a long story short, the mythology being presented was that 'the era of self-made wealthy people' was coming to an end. Wealthy people are wealthy not because they work hard, but because they belong to an exclusive club that gives them connections, insider information and protection. It makes them wealthy and keeps them wealthy. That was something nobody talks about. (It's a big secret.) The club owns the government. (Another big secret.)
Another thing that was not talked about was why Capital grows at a faster rate than the economy. This is the third rail of politics and economics, and you do not ever talk about this or your career will come to a grinding halt. The real reason capital grows faster than the economy is because our money system creates money out of thin air and gives a monopoly to a small group of people to charge interest to lend it out. If you think about this carefully, you will see that this will result in a small number of people --the ones who create the money--accumulating all the wealth, by putting a burden on the economy to pay the interest. It is 'systemic usury' and anyone who talks about it will suffer.
Hatha
I think the word "capitalism" should instead be cabalism. We live in a Cabalist society, under the methodology of a Cabalist system, controlled by a small group of Cabalists. Those who own the means of the production of money.
Quote:
A cabal is a group of people united in some close design together, usually to promote their private views or interests in a church, state, or other community, often by intrigue. Cabals are sometimes secret societies composed of a few designing persons, and at other times are manifestations of emergent behavior in society or governance on the part of a community of persons who have well established public affiliation or kinship.
The term cabal derives from Cabala (a word that has numerous spelling variations), the Jewish mystical interpretation of the Hebrew scripture. In Hebrew it means "reception" or "tradition", denoting the sod (secret) level of Jewish exegesis. In European culture (Christian Cabala, Hermetic Qabalah) it became associated with occult doctrine or a secret.
Re: Krugman Extrapolates Inequality
Paul Krugman belongs to that cabal. In fact, everyone you see on mainstream media either belongs to that cabal, or has been carefully vetted by them. You do not hear independent voices in the mainstream media. Does it matter if membership in that cabal becomes hereditary? Could it be any more entrenched than it already is?
The elite somehow, in the periphery of their consciousness, understand that if they make slaves of all of us non-elites, that their economic circumstances would suffer as well. You can see an attempt to address this in a recent piece about the IMF, and specifically, Christine Lagarde, who appears to understand that growing inequality is an issue. Watch this video:
https://www.youtube.com/watch?v=-H7T8wcmxVI#t=104
Lagarde is a talking head--a puppet of the cabal, and in my view, this is a canard--a distraction--something akin to Obama's "hope and change" message, but more cynical. I doubt that the IMF will change the direction of the elite to enslave all of humanity. I don't think they will be successful at averting a global revolution.
Hatha
Re: Krugman Extrapolates Inequality
