Snowbird
10th April 2011, 16:47
There will be at least one voice of reason attending George Soros' Bretton Woods II meeting this weekend. Joseph Stiglitz speaks openly about the horrendous economic inequality in the U.S. Our country, after all, has to be brought down by the elite or the 1-percenters, in order for the NWO to plant its boots on the necks of an unsuspecting populace. Indications suggest that the U.S. government is in active support of our demise.
I find it amazing that the country of the United States of America is currently sitting on a jagged financial precipice while its 99% suffer because of a few wealthy controllers. The next few years will be exceedingly interesting as we all struggle against these few. And I do believe that these 1% of controllers will do a-n-y-t-h-i-n-g to bring this great country to its knees.
Below, Democracy Now interviews Stiglitz. There is a video and transcript at the site. Further below, is a great Vanity Fair article written by Joseph Stiglitz.
Stiglitz is one of my heroes.
Nobel Economist Joseph Stiglitz: Assault on Social Spending, Pro-Rich Tax Cuts Turning U.S. into Nation "Of the 1 Percent, by the 1Percent, for the 1 Percent"
http://www.democracynow.org/2011/4/7/nobel_economist_joseph_stiglitz_assault_on
Of the 1%, by the 1%, for the 1%
Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an elite few. Yet in our own democracy, 1 percent of the people take nearly a quarter of the nation’s income—an inequality even the wealthy will come to regret.
By Joseph E. Stiglitz
May 2011
A
lexis de Tocqueville once described what he saw as a chief part of the peculiar genius of American society—something he called “self-interest properly understood.” The last two words were the key. Everyone possesses self-interest in a narrow sense: I want what’s good for me right now! Self-interest “properly understood” is different. It means appreciating that paying attention to everyone else’s self-interest—in other words, the common welfare—is in fact a precondition for one’s own ultimate well-being. Tocqueville was not suggesting that there was anything noble or idealistic about this outlook—in fact, he was suggesting the opposite. It was a mark of American pragmatism. Those canny Americans understood a basic fact: looking out for the other guy isn’t just good for the soul—it’s good for business.
The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesn’t seem to have bought: an understanding that their fate is bound up with how the other 99 percent live. Throughout history, this is something that the top 1 percent eventually do learn. Too late.
http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105
“Reorganizing the world order will need to extend beyond the financial system,” Soros wrote in his opinion piece.
Soros is saying that a washed-up America should be replaced by a world government with a global currency under UN rule. He also advocates that China should be top dog while we play second fiddle. What Soros doesn’t say is that two decades of outsourcing U.S. industry, opening the borders and bankrupting the economy with pointless wars and other debacles have been intentionally orchestrated so that now international bankers can tell the world the system is broken and that the individuals who broke it need to show us how to fix it.
At 81, taking down America appears to be his final challenge. “The main obstacle to a stable and just world order is the United States. The time has come for a very serious adjustment,” he said.
http://www.libertynewsonline.com/article_301_30417.php
I find it amazing that the country of the United States of America is currently sitting on a jagged financial precipice while its 99% suffer because of a few wealthy controllers. The next few years will be exceedingly interesting as we all struggle against these few. And I do believe that these 1% of controllers will do a-n-y-t-h-i-n-g to bring this great country to its knees.
Below, Democracy Now interviews Stiglitz. There is a video and transcript at the site. Further below, is a great Vanity Fair article written by Joseph Stiglitz.
Stiglitz is one of my heroes.
Nobel Economist Joseph Stiglitz: Assault on Social Spending, Pro-Rich Tax Cuts Turning U.S. into Nation "Of the 1 Percent, by the 1Percent, for the 1 Percent"
http://www.democracynow.org/2011/4/7/nobel_economist_joseph_stiglitz_assault_on
Of the 1%, by the 1%, for the 1%
Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an elite few. Yet in our own democracy, 1 percent of the people take nearly a quarter of the nation’s income—an inequality even the wealthy will come to regret.
By Joseph E. Stiglitz
May 2011
A
lexis de Tocqueville once described what he saw as a chief part of the peculiar genius of American society—something he called “self-interest properly understood.” The last two words were the key. Everyone possesses self-interest in a narrow sense: I want what’s good for me right now! Self-interest “properly understood” is different. It means appreciating that paying attention to everyone else’s self-interest—in other words, the common welfare—is in fact a precondition for one’s own ultimate well-being. Tocqueville was not suggesting that there was anything noble or idealistic about this outlook—in fact, he was suggesting the opposite. It was a mark of American pragmatism. Those canny Americans understood a basic fact: looking out for the other guy isn’t just good for the soul—it’s good for business.
The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesn’t seem to have bought: an understanding that their fate is bound up with how the other 99 percent live. Throughout history, this is something that the top 1 percent eventually do learn. Too late.
http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105
“Reorganizing the world order will need to extend beyond the financial system,” Soros wrote in his opinion piece.
Soros is saying that a washed-up America should be replaced by a world government with a global currency under UN rule. He also advocates that China should be top dog while we play second fiddle. What Soros doesn’t say is that two decades of outsourcing U.S. industry, opening the borders and bankrupting the economy with pointless wars and other debacles have been intentionally orchestrated so that now international bankers can tell the world the system is broken and that the individuals who broke it need to show us how to fix it.
At 81, taking down America appears to be his final challenge. “The main obstacle to a stable and just world order is the United States. The time has come for a very serious adjustment,” he said.
http://www.libertynewsonline.com/article_301_30417.php