Greenspan and money products
May 7th 2012 00:21
Ray Tapajna Tapsearcher Real World News
Greenspan Dancing in the Dark
Economic Ethics ignored as Globalist Free Traders tried to create money products out of nothing
Alan Greenspan says, I thought Equity Loans were a good money product.
Now our economies based on making money on money instead of making things are burning out. President Obama bailed out the failed system but in time, the bail out money and subsidies will fail too.
First of all Free Trade is not trade as historically practiced and defined. Secondly, the U.S. never had any long period of protectionism.
Free Trade is primarily about moving production and factories from place to place for the sake of cheaper labor. And when labor and workers values are deflated it affects the money products too. We took tariffs off products and put it on workers and now we are putting tariffs on our money products in a reverse manner. The bail out of big money by small money acts as a tariff on almost every transaction.
Workers were the real commodities being traded . They were put on a world trading block to compete with one another for the same jobs. Workers and labor are really tangible assets and acted as a money standard. The discounting of the value of labor has now spread into our economy that is based on making money on money instead of making things. The printed paper called money needs more backing than just manipulation of values. It needs something tangible.
Through the Lend Lease Program, President Roosevelt found a way to create value in workers and labor. This triggered the most awesome industrial power the world has ever known. Through the Marshall Plan we duplicated this success in Europe and Asia by restoring the local value added economies in balanced geopolitical settings.
With Globalization and Free Trade we chopped up all this success and sent all the parts around the world.
The U.S. Federal Government start doing this in 1956. They sponsored a temporary program that never ended. At first it went slowly with only about a hundred factories moved in about twenty years. Then the Maquiladora factory program came and the number jumped to 2,000 factories being moved to Mexico alone by 1992. After President Clinton, and a Democrat Controlled Congress passed NAFTA, this number quickly doubled to more than 4,000 factories moved to Mexico. Soon after that President Clinton and the Contract with American Republicans rushed 20 billion dollars to Mexico to save the peso and to bail out the Mexican economy. President Clinton said he was going to get more money to them through international money funds too. In exchange , the U.S. was flooded with products like the PT Cruiser automobile that was made by $1 an hour workers and our industrial complex was told to compete with this outrageous arrangement. Of course it did not work and none of this had much to do with either term - Free Trade or Protectionism. It was just a nasty way of making money on money instead of making things. For more info, see Tapsearch Globalization
Greenspan era
The U.S. economy drifted into an economy based on making money on money instead of making things. Many money products were added or enhanced.The free enterprise system was ignored. It is a simple process where someone makes or grows something and adds a margin to enjoy a decent living for themselves and for all they use to enjoy this profit. As far as I can tell, Alan Greenspan did not mention the free enterprise system in his book The Age of Turbulence nor was the term in the index of the book. He went into the money products and said Capitalism and so called Free Market economics accommodated the state of human nature the best.
In his book, The Age of Turbulence he spent a surprising amount of time on the New Harmony communitarian economic experiment and rejected it as a real system. I was also surprised that he belittled the Marshall Plan and did not even mention the Lend Lease program which was actually real free trade. The Marshall Plan was a good example how successful economies could be duplicated an local value added economies where values could be added from raw products up through several levels to the retail or end user stage in balanced with the particular geopolitical setting and the entitlements that augmented these economies. The only real variable in these economies were the cost of labor. Instead of duplicating success, the free market attacked the cost of labor and workers. Free trade became a tool where factories and production were moved from place to place for the sake of cheaper and cheaper labor. This proved to be an anti-thesis for the free market system. Labor and workers value was deflated. This is a real tangible value and asset which acts as a money standard backing up printer paper money. Instead of duplicating a successful economy, the U.S. economy was chopped up into pieces and sent around the globe to take advantage of cheaper labor. In the end the value of workers and labor were degraded to a point of no return. The new working poor class in the USA, found it difficult to afford even the cheaper imports at places like Wal-mart and in essence shopped their way out of their jobs. The impoverished workers outside the USA, found it impossible to buy the things they made and worst of all could not afford to buy anything the USA had left to sell. President Roosevelt, established the Lend Lease program to support nations who had no money left to buy the goods they needed for fighting the war against Germany. He said he was not going to let the lack of dollars stand in his way. His actions confirmed the real reason for the Great Depression was about money and not protectionism. Simply, nations did not have any money to back up trade. In essence, he said, you can not do business with someone who does not have any money. You first have to find a way to finance their efforts. Lend Lease exploded U.S. industry into the most awesome power in history. Free Trade came and chopped this power up into parts that were not integrated in any form of growing value. It was just the opposite. For a time, making money on money hid this terminal weakness but not it has hit the wall and we now have Socialist Capitalists trying to find ways to create new internal Lend Lease programs. If are successful as we were with the Lend Lease program, we have to learn how to protect these new values in local value added economies in balanced geopolitical settings. This is the only system that works. After that, we need to duplicate these successes and not break them apart as we have through the free market and free trade that is not really based on trading products. For more see Tapart News online since 1998
http://tapsearch.com/flatworld Greenspan dancing in the dark
Ben Bernanke tells Congress buy "domestically produced goods."
Recommended
58
at Economist.Com
Greenspan Dancing in the Dark
Economic Ethics ignored as Globalist Free Traders tried to create money products out of nothing
Alan Greenspan says, I thought Equity Loans were a good money product.
Now our economies based on making money on money instead of making things are burning out. President Obama bailed out the failed system but in time, the bail out money and subsidies will fail too.
First of all Free Trade is not trade as historically practiced and defined. Secondly, the U.S. never had any long period of protectionism.
Free Trade is primarily about moving production and factories from place to place for the sake of cheaper labor. And when labor and workers values are deflated it affects the money products too. We took tariffs off products and put it on workers and now we are putting tariffs on our money products in a reverse manner. The bail out of big money by small money acts as a tariff on almost every transaction.
Workers were the real commodities being traded . They were put on a world trading block to compete with one another for the same jobs. Workers and labor are really tangible assets and acted as a money standard. The discounting of the value of labor has now spread into our economy that is based on making money on money instead of making things. The printed paper called money needs more backing than just manipulation of values. It needs something tangible.
Through the Lend Lease Program, President Roosevelt found a way to create value in workers and labor. This triggered the most awesome industrial power the world has ever known. Through the Marshall Plan we duplicated this success in Europe and Asia by restoring the local value added economies in balanced geopolitical settings.
With Globalization and Free Trade we chopped up all this success and sent all the parts around the world.
The U.S. Federal Government start doing this in 1956. They sponsored a temporary program that never ended. At first it went slowly with only about a hundred factories moved in about twenty years. Then the Maquiladora factory program came and the number jumped to 2,000 factories being moved to Mexico alone by 1992. After President Clinton, and a Democrat Controlled Congress passed NAFTA, this number quickly doubled to more than 4,000 factories moved to Mexico. Soon after that President Clinton and the Contract with American Republicans rushed 20 billion dollars to Mexico to save the peso and to bail out the Mexican economy. President Clinton said he was going to get more money to them through international money funds too. In exchange , the U.S. was flooded with products like the PT Cruiser automobile that was made by $1 an hour workers and our industrial complex was told to compete with this outrageous arrangement. Of course it did not work and none of this had much to do with either term - Free Trade or Protectionism. It was just a nasty way of making money on money instead of making things. For more info, see Tapsearch Globalization
Greenspan era
The U.S. economy drifted into an economy based on making money on money instead of making things. Many money products were added or enhanced.The free enterprise system was ignored. It is a simple process where someone makes or grows something and adds a margin to enjoy a decent living for themselves and for all they use to enjoy this profit. As far as I can tell, Alan Greenspan did not mention the free enterprise system in his book The Age of Turbulence nor was the term in the index of the book. He went into the money products and said Capitalism and so called Free Market economics accommodated the state of human nature the best.
In his book, The Age of Turbulence he spent a surprising amount of time on the New Harmony communitarian economic experiment and rejected it as a real system. I was also surprised that he belittled the Marshall Plan and did not even mention the Lend Lease program which was actually real free trade. The Marshall Plan was a good example how successful economies could be duplicated an local value added economies where values could be added from raw products up through several levels to the retail or end user stage in balanced with the particular geopolitical setting and the entitlements that augmented these economies. The only real variable in these economies were the cost of labor. Instead of duplicating success, the free market attacked the cost of labor and workers. Free trade became a tool where factories and production were moved from place to place for the sake of cheaper and cheaper labor. This proved to be an anti-thesis for the free market system. Labor and workers value was deflated. This is a real tangible value and asset which acts as a money standard backing up printer paper money. Instead of duplicating a successful economy, the U.S. economy was chopped up into pieces and sent around the globe to take advantage of cheaper labor. In the end the value of workers and labor were degraded to a point of no return. The new working poor class in the USA, found it difficult to afford even the cheaper imports at places like Wal-mart and in essence shopped their way out of their jobs. The impoverished workers outside the USA, found it impossible to buy the things they made and worst of all could not afford to buy anything the USA had left to sell. President Roosevelt, established the Lend Lease program to support nations who had no money left to buy the goods they needed for fighting the war against Germany. He said he was not going to let the lack of dollars stand in his way. His actions confirmed the real reason for the Great Depression was about money and not protectionism. Simply, nations did not have any money to back up trade. In essence, he said, you can not do business with someone who does not have any money. You first have to find a way to finance their efforts. Lend Lease exploded U.S. industry into the most awesome power in history. Free Trade came and chopped this power up into parts that were not integrated in any form of growing value. It was just the opposite. For a time, making money on money hid this terminal weakness but not it has hit the wall and we now have Socialist Capitalists trying to find ways to create new internal Lend Lease programs. If are successful as we were with the Lend Lease program, we have to learn how to protect these new values in local value added economies in balanced geopolitical settings. This is the only system that works. After that, we need to duplicate these successes and not break them apart as we have through the free market and free trade that is not really based on trading products. For more see Tapart News online since 1998
http://tapsearch.com/flatworld Greenspan dancing in the dark
Ben Bernanke tells Congress buy "domestically produced goods."
Recommended
58
at Economist.Com
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