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Happy New Year 2009: You cannot poison the corporate viper with its own venom!

By       Message Franz J. T. Lee       (Page 1 of 1 pages)     Permalink    (# of views)   No comments

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Mirror, Mirror on Wall Street, what will the New Year bring?

* "And ye shall know the truth, and the truth shall make you free."

Do all capitalist crashes, cracks, slumps, recession and depression end up in the fire, with drawing the sword of self-defense? Will world peace come to us soon?

"Do not suppose that I have come to bring peace to the earth. I did not come to bring peace, but a sword." (Matthew 10:34).

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Yes, the current emergent global fascism will bring to an already scorched nature and scourged society more fire, more contradiction, more social dissension, more global class struggles. Capitalism as predicted scientifically by Marxist economists is experiencing its involution, its biggest global crisis which rapidly is becoming its most profound global slump since 1929. Like fascism itself, capitalist depression is not a historical accident, it is structural, it obeys the tendential  developmental laws of world imperialism, inter alia, brought forth by wild speculation, murderous concentration, treacherous competition, inexorable merging and perpetual monopolization.

Globalization, as predicted by Marx and Engels in the 'Manifesto of the Communist Party', is the final earthly objective of corporate imperialism, but it is also its self-destruction. As major energy source, oil is fading away, and with it General Motors, Chrysler, Ford and Toyota. On the creative, creating, socialist horizon dawns the free energy and technology of Nikola Tesla and Wilhelm Reich, of the age of 'aquarius', of intergalactic multi-spacetime and of possible 'flying saucers', traveling on scalar wave lengths.

"There are more things in heaven and earth, Horatio,
Than are dreamt of in your philosophy. ..."

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Let us recollect what the current state of world corporate is really about?

Some countries, like Ukraine where industrial production is collapsing, are already feeling the pangs and fangs of severe global recession and depression. In the case of Ukraine half of its industrial production has been destroyed over the last two months. However, even that of Japan, the second largest economy in the world, suffered a loss of 8.1 percent since October 2008.

According to an article written by Joe Kishore even the bankrupt 'fairy queen',  the International Monetary Fund, warns of a coming 'Great Depression':

"The top economist at the International Monetary Fund, Olivier Blanchard, warned earlier this week that continued declines in consumer spending would set off a global depression."


According to a lecture of Nick Beams recently held in Australia, "already on November 24, Bloomberg News reported that after the $306 billion bailout of the US bank Citigroup, organized at midnight the previous day, the US government had now committed itself to providing more than $7.76 trillion to the financial institutions and banks. This amount was the equivalent of half the American gross domestic product (GDP), or $24,000 for every man, woman and child in the US."

 

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I, Franz John Tennyson Lee, was born in Ficksburg in 1938. I am a South African then classified as "Coloured" by the racist legislation of my home country. Since 1962, having acquired a scholarship to study overseas, I have been living in the (more...)
 

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