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You Won't ReadThis in the New York Times!

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(Mysteries partly solved.  Comments on Rich’s OpEd are now closed.  If you select to sort those comments “Oldest first”, you will find my comment at #576 and Doug’s at #622.  Since the sort order selected was oldest first and I know Doug posted his comment before me, shouldn’t HIS have the lowest number?

 

Whatever.  Moving on…)

Perhaps Doug Page and I should have come directly to OpEdNews and not wasted our time with the New York Times.   Doug's comment on Frank Rich's OpEd "Has a "Katrina Moment' Arrived?" was on the New York Times web site for about an hour.  Doug's post was number 16 in the Time's list of comments before it was removed.  Anyhow, following are both my and Doug's comments on "Has a "Katrina Moment' Arrived?"

The "dirty little secret"- Obama has yet to reveal is that money is a far more cost-effective tool for controlling a world-wide empire than boots on the ground.  This is something the British learned during the declining days of their Empire.  The power of money--something that is clear to wage-earning Americans--explains why Britain sacrificed so much to retain the status of the British pound as the world's reserve currency.

Certainly greed and politics factor into the equation.  Since WW II, this country's Wall Street-based ruling elite seems to have believed the status of the US dollar as the world's "legal tender" could be maintained, if necessary, with a vast military machine created as a by-product of a covert jobs program; that fiduciary notions of national solvency were old-fashioned.

Thus we have the spectacle of a ruling elite so ignorant of the foundations of its power it permits its greed and over-reaching to destroy itself.  We have the circus of an American Congress so parochial in the pursuit of its own interests it continues to fund without limits the high-tech weapons that can only be used at Armageddon while it siphons away money from the boots on the ground that are the visible instruments and final arbitrators of Empire.



The American Century is indeed over.

Steven Lesh, Tucson AZ

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This is Obama's Katrina. He and his advisors are stupidly acting like deer frozen in the headlights. There are solutions that could save Obama and the rest of us if only he was bold enough to embrace them. Benjamin Franklin, Lincoln, Former Texas Congressman Wright Patman knew what the problem was with private Wall Street Banking. They learned that it was imperative that our government take sole control of creating money, and that it was critical that we prohibit private banks from creating money, prohibit fractionalized reserve banking, and that we abandon Wall Street Banks to fend for themselves. Lincoln financed the Civil War by causing the Treasury to issue Greenbacks when the Banks wanted to charge 36% interest. Woodrow Wilson and Wright Patman, to implement this concept wanted to abolish the Fed.

Naturally, Wall Street does not want to give up its profit from private lending, and so far Obama has not had the courage to call their bluff. It is indeed his Katrina.--Douglas R. Page, Tucson, AZ
Doug is a retired labor lawyer with a passionate interest in monetary reform and the ultimate political cheap trick--the filibuster.  Stay tuned for a revised biography and some compelling content.

 

Steven Lesh is a retired software engineer with a life-long interest in economics and an undergraduate degree in history.

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