Tapsearch Com EditorBewildered New World continues
June 1st 2009 16:39
By Ray Tapajna Cluster of Tapart News sites and Cluster of Free Sites
The Bewildered New World -part 2
This follows our last post about The Bewildered New World. It was amazing how Manuel Castells and others predicted the global economic crisis more than ten years ago. Sir James Goldsmith forecasted it in his book The Trap many years ago too. They were ignored and now I cite all these experts again at my Tapart News sites and added the phrase - Can you hear me now .
Castells said years ago : The financial world has taken on an independent logic of its own; you make money or lose money in the global casino, regardless what happens in the production world..... We now see our economies based on making money on money instead of making things are burning out. Printing paper money and trying to add value to it while moving production from place to place anywhere in the world for the sake of cheaper and cheaper labor is a no win situation.
The Global Casino
The money people were all banking on the expansion of GATT and NAFTA. They were betting on the ability of cheap imports to penetrate the U.S. market and so forth. They were betting on the power of a vast consumer class supporting a vast financial network.
At the start, the Mexico peso was overvalued and was being devalued by the actual movement in the economy. NAFTA was working in reverse. President Clinton rushed billions of dollars to Mexico to save the peso and the Mexican economy. But, Salinas ( Carlos Salinas de Cortari, former president of Mexico ), used this huge boost from foreign capital investment to sustain the peso, to show that finally the peso could be considered hard currency. Any problem with this flow of capital investment would make the peso collapsed.
The " Secret Tariff "
However, NAFTA was putting subsistent living farmers out of their jobs and the Zapatistas attacked causing a revolution in Mexico. The U.S. intervened to sustain the peso with the biggest bailout in the history of Mexico and the United States. The first bailout went to a foreign nation. The consumer class in the USA found they had to do much more than shop. They had to bail out a major source of cheaper goods too. Then the German mark and the yen skyrocketed as reserve money, and the explosion of the German mark created tremendous tensions in the Eurorpean currencies. The other European countries had to revalue their currencies, in order to revalue, they needed tighter bugets. This stopped government spending, which increased unemployment. The same applied to the U.S. Americans were actually paying a "secret tariff" on everything they purchased.
This is what Globalization is all about - the music of money goes round and round and comes out here - which means more bailouts would be needed in the future.
Hurricane Katrina exposed a vast unreported underclass in the USA. A natural storm exposed our economic storms and that so called Free Trade was not free in any manner or form. The drug and crimminal networks became major players in the global economy and found many ways to launder their money in a Global Casino.
The world wide web that was supposed to clear the way for a new world order is just a bunch of bits and bytes to no where. It is vast super highway in the sky with just entrances and not exits. Tariffs are now put on workers instead of products to fuel the money manipulations. The money products were based on blue sky theories that will never work. Stock values just represent transactions and have lost their connection to any real world.
The super highway is just a suspension bridge in the sky going nowhere. Everything is subject to the whims of speculations.
Why would anyone want to be any part of this. It is a no win situation at any level.
( See new review of Pope Benedicts " Charity is Truth " Encyclical at It's only Human Nature - Thank You Jesus for KIA updated July 15, 2009
The Bewildered New World -part 2
This follows our last post about The Bewildered New World. It was amazing how Manuel Castells and others predicted the global economic crisis more than ten years ago. Sir James Goldsmith forecasted it in his book The Trap many years ago too. They were ignored and now I cite all these experts again at my Tapart News sites and added the phrase - Can you hear me now .
Castells said years ago : The financial world has taken on an independent logic of its own; you make money or lose money in the global casino, regardless what happens in the production world..... We now see our economies based on making money on money instead of making things are burning out. Printing paper money and trying to add value to it while moving production from place to place anywhere in the world for the sake of cheaper and cheaper labor is a no win situation.
The Global Casino
The money people were all banking on the expansion of GATT and NAFTA. They were betting on the ability of cheap imports to penetrate the U.S. market and so forth. They were betting on the power of a vast consumer class supporting a vast financial network.
At the start, the Mexico peso was overvalued and was being devalued by the actual movement in the economy. NAFTA was working in reverse. President Clinton rushed billions of dollars to Mexico to save the peso and the Mexican economy. But, Salinas ( Carlos Salinas de Cortari, former president of Mexico ), used this huge boost from foreign capital investment to sustain the peso, to show that finally the peso could be considered hard currency. Any problem with this flow of capital investment would make the peso collapsed.
The " Secret Tariff "
However, NAFTA was putting subsistent living farmers out of their jobs and the Zapatistas attacked causing a revolution in Mexico. The U.S. intervened to sustain the peso with the biggest bailout in the history of Mexico and the United States. The first bailout went to a foreign nation. The consumer class in the USA found they had to do much more than shop. They had to bail out a major source of cheaper goods too. Then the German mark and the yen skyrocketed as reserve money, and the explosion of the German mark created tremendous tensions in the Eurorpean currencies. The other European countries had to revalue their currencies, in order to revalue, they needed tighter bugets. This stopped government spending, which increased unemployment. The same applied to the U.S. Americans were actually paying a "secret tariff" on everything they purchased.
This is what Globalization is all about - the music of money goes round and round and comes out here - which means more bailouts would be needed in the future.
Hurricane Katrina exposed a vast unreported underclass in the USA. A natural storm exposed our economic storms and that so called Free Trade was not free in any manner or form. The drug and crimminal networks became major players in the global economy and found many ways to launder their money in a Global Casino.
The world wide web that was supposed to clear the way for a new world order is just a bunch of bits and bytes to no where. It is vast super highway in the sky with just entrances and not exits. Tariffs are now put on workers instead of products to fuel the money manipulations. The money products were based on blue sky theories that will never work. Stock values just represent transactions and have lost their connection to any real world.
The super highway is just a suspension bridge in the sky going nowhere. Everything is subject to the whims of speculations.
Why would anyone want to be any part of this. It is a no win situation at any level.
( See new review of Pope Benedicts " Charity is Truth " Encyclical at It's only Human Nature - Thank You Jesus for KIA updated July 15, 2009
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