[This is part of an article that was originally posted on September 26, 2008 when Wall Street asked for and got the first $700 billion bail out.]
The 1960’s are known as the era of the Great Society. The Great Society was a massive program of social engineering and redistribution of wealth proudly brought to us by the Democrats. The 1990’s will become known as the era of the Great Swindle. I’d like to say that Great Swindle was brought to us by a single party because then we could throw out the scoundrels, dismantle the programs and carry on life in the American tradition. But I can’t. The Great Swindle was a collective effort by both parties and now we are being asked to bail out the financiers and the central planners of the swindle.
The name of the con game for the Great Swindle is ‘globalization’. As with all con games, greed is what blinds the mark from seeing the con. The set up for the con was a Hollywood vision of the ‘New Economy in the 21st Century‘.
What a marvelous vision it was:
- A new economy where people don’t go their jobs – they become entrepreneurs and their jobs come to them – via the Internet. All one needed to do was to join a supply chain and to sell or provide services to the billions of buyers that would become accessible via the Internet.
- Because the economy was to be net-centric with people working out of their homes, we didn’t need energy as we did for that dirty, old industrial economy. We could become self-sufficient in energy production with windmills and solar panels – all so very clean and 21st century. Remember the Jetson’s? In this 21st century vision, we could even have a doctor’s visit via the Internet.
- And there would be no need for money – we could just walk into stores and walk out with what we want because the chips in our arms and on the goods could automatically record the purchases and debit our virtual bank account. No need to handle that dirty money – it’s all so clean.
- The new 21st century net-centric economy meant redesigning cities. The idea for cities was to create “communities” – small town environments with neighbor helping neighbor; sharing and caring. The social engineers figured that life for a net-worker would be a lonely life so they planned communities to have a social aspect to them.
- The new 21st century net-centric economy also meant redesigning transportation systems to deliver the goods that originate from all over the world – right to the doorstep of the community. Transportation hubs accommodating all modes of transportation were designed to speed those goods to market.
The basis for the 21st century delusion of the New Economy was that multinational corporations could become emissaries for U.S. foreign policy and that business – money – could be the guiding light for world peace. It’s laughable but that’s what brought us to this critical juncture. And this plan was formulated by the allegedly best and brightest minds in America – and now they are asking us to turn over a $700 billion blank check to one of their leaders – Henry Paulson, former chairman of Goldman Sachs. They need the $700 billion to keep the con going because there is still a sizable middle class in America that has yet to be fleeced.