Alan Greenspan: “Being there.” You need more pay cuts to end disparity between the rich and poor.
While wearing the clothes of his wealthy employer he was hit and injured by an automobile that belonged to a desperately ill financial investor and industrialist who let his doctors treat Chancy for an accidental injury he suffered. Chancy spoke only rarely, because he was an idiot. He only talked about gardening and television.
Chancy was mistaken for a financial genius, because of the way he dressed in the wealthy mans clothes and ramblings that seemed to be related to activity in the stock market. People tend to believe what best fits their personnel perspective of life.
He became a hero, was given broad exposure in the news media, advised the president and every one in the investment industry who listened to every word he had to say about the time to plant and grow and harvest. He was talking about gardening and the wealthy elite thought he was talking about their investment portfolios. Of course Chancy was a fool and had no knowledge of the stock market at all, but that made no difference to those in power.
Alan Greenspan is the very essence of the character Chancy, an American financial legend and former Federal Reserve Board Chairman who has everyone in the banking and investments industries hanging on every word. Now Mr. Greenspan wants to reduce the American “income gap” between the very rich and the rest of us by reducing our income further with more foreign labor. It is an equality issue for him.
He isn’t talking about bringing in more cheap politicians, lobbyists, Chief Operating Officers, or wealthy Bankers and investors, or any of the other wealthy elite that have all the money in the U.S. He is talking about finishing off the American middle class workers. He wants to accomplish what the wealthy elite failed to do during the last robber baron era of great monopolies in the 1800’s
It may be easier for our country to eliminate the wage gap between the poor of the country by taxing the poor more to assure they have no discretionary income. Then everyone’s wages could be reduced so we can’t provide for necessities of life. That way all of us but the very wealthiest elite, bankers, investors, industrialists, politicians, lobbyists, C.E.O.’s could be equally in abject poverty. If they lost any of their wealth of course it would be “bad for the economy.”
This higher poor tax solution would end need to bring more illegal alien invaders into the country and make it easier for the rich to earn more money. They could put us in debtor’s prison or cut off our hands and hang us if we steal loves of bread.
The Greenspan team seems to recognize the hazard of great disparity in income between very wealthy and poor of the country but has no idea what it means. Reduction of skilled labor wages has already happened in the United States by the 3.5 million jobs lost to overseas firms. Millions of hi tech jobs are leaving the country as a result of the “free trade” agreements. Excess unemployment of skilled workers is cutting wages severely now. Surely, someone must know that has occurred in the banking industry or are they all just a bunch Chancy’s?
Plato “The worst of all deceptions is self-deception.”
The Greenspan Gang also seems to adhere to the universal truth no system will thrive unless the people are fooled into thinking it is fair. It takes a massive propaganda effort to convince people who live in a country with the 37th best health care system while paying more than double what anyone else pays for it, are making no real increases in income while bankers and international corporate profits are soaring to the highest rates in the history of the country without someone becoming suspicious about the equity of the system.
George W. Bush - 43rd US President “See, in my line of work you got to keep repeating things over and over and over again for the truth to sink in, to kind of catapult the propaganda."—”
Greenspan even in his demented state still has the audacity to suggest the way out of this dilemma is to lie to the people some more and say we need more people to reduce your wages so everyone is screwed equally. That takes a lot of courage given the current state of affairs in the country and attack on the middle class workers that has left most in difficult financial positions as our population in deep poverty increased to 16%.
This outrageous Greenspan pronouncement is reminiscent of the Marie Antoinette quote telling the starving poor of France, “Let them eat cake.” That was immediately before the French revolution and mass beheadings of the elite. This type of inflammatory rhetoric is not something the country needs right now, and Greenspan can not be excused for the honesty he feels about the working people of this country. He is representing the Bushite Coup and elite very well as he always has.
Harold Laski, (1930) "A State divided into a small number of rich and a large number of poor will always develop a government manipulated by the rich to protect the amenities represented by their property."
This bit of Greenspan information is for the dumb and blind who have argued illegal alien invasion has no adverse economic impact on American workers. One of the big propaganda lies the Bushite Coup has used for the illegal alien invasion is they are needed because we lazy Americans won’t do the work. when they know the truth is they want to depress our wages so they can make more money.
Demagogue, Bushite Coup Conspirators, have no respect for the intelligence of the American citizens. We have been pretty dumb, naïve and trusting of our elected leaders, but we would have to be rocks to be as dumb as they think we are. If elitist comments of Greenspan are not enough to outrage you and move you to action to get rid of corrupt elected officials in our government who are destroying the American workforce and our national sovereignty you can never have a sense of outrage.
Bushite Coup conspirators have used the illegal alien invasion and population politics to undermine American representative government, create paupers out of Americans and illegals alike while they enriched wealthy global corporatist and investors of this country. They never recognize what made this the greatest consumer market in the world was increased distribution of wealth among workers through higher wages and benefits. That is the economic force, the engine that drives prosperity. Paupers can not buy your wares. Demand drives the capitalist machinery and if workers have no wages there is no demand.
"Populists" (1892) "We meet," it said, "in the midst of a nation brought to the verge of moral, political and material ruin....Corruption dominates the ballot box, the [state] legislatures and the Congress and touches even the bench.....The newspapers are largely subsidized or muzzled, public opinion silenced....The fruits of the toil of millions are boldly stolen to build up colossal fortunes for a few." The founding convention of the People's Party– better known as the "Populists" (1892).
Unscrupulous international banking and global corporate elitists are destroying our government in time of war and there is no action taken by our congress to start impeachment or treason charges. The only question remains is how long will it take before the spark that ignites America into a deadly civil war is thrown on the dry timber that remains of our government of, by and for the people. How long will it be before there are riots in the streets just like in other Authoritarian states? How long will it be before the outrage associated with “Let them eat cake,” and a tea tax erupts into rebellion against a corrupt government?
The US Kleptocracy is in full charge of stealing the country blind and lining pockets of the wealthy and all stand silent in face of this onslaught on decency and moral government. The objective of the wealthy elite is greed and power, pure and simple. They want more money and power and are willing to drive everyone else into abject poverty to achieve their goals. There is no greater force for evil than lying greedy sadistic stupid unprincipled cowards lacking character, with power to deceive and rule over others. We must carefully watch what our corrupt leaders do, not what they say. It is their actions not their professed beliefs that define their true nature:
Andrew Jackson, farewell address, 04 March 1837-"Unless you become more watchful in your States and check this spirit of monopoly and thirst for exclusive privileges, you will in the end find that the most important powers of Government have been given or bartered away, and the control of your dearest interests have been passed into the hands of these corporations."
Call your congressman and your senators. Let them know you have had enough. You want no amnesty, and you want the wall on the border now. Then you want illegal alien invaders gone. Then we can discuss revisions in the constitution if necessary to assure this government of and by the people shall not fade from this earth.
Abraham Lincoln Gettysburg Address “It is rather for us to be here dedicated to the great task remaining before us — that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion — that we here highly resolve that these dead shall not have died in vain — that this nation, under God, shall have a new birth of freedom — and that government of the people, by the people, for the people, shall not perish from the earth.”