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Great observations as usual Elaine. Would you agree that deflation is a much more ugly scenario to the fed than inflation? It might explain the fed rate cuts that seem paradoxical in the face of the obvious inflaionary data? It seems to me that they have chosen to ignore inflation in a lame attempt to avoid an economic slow down. It is hard to manuver when you find your self between a rock and a hard spot.


Another great article, Elaine!

Not many people discuss our refusal to learn from the past even though we now have a full record of it. Most psychologists and psychiatrists are mere charlatans.

Like in antiquity, there are only a handful of real scholars who actually are qualified to be what they are, and they would love to examine some of our rich clowns on their sofas to see what makes them tick. But this will never happen, so we are left to guess at what goes on in their crazy minds.

You do a great job of explaining what might in fact be their actual thought patterns.



Elaine has a gift. She seems to be able to get into people's heads and imagine what they are thinking, exposing their motives. Everything aside, I appreciate a multidimensional approach to information. Because that's how reality works.

I think it was Chekhov who said -- the only true history is the history that is written as fiction. Only then can you see, understand, and experiece how it metabolizes within the human experience.

(I paraphrase.)


My Dad, who is 83, told me a story re growing up during the Depression. His Dad, my Grandfather, owned a small bank in the roaring '20's in Wisconsin. In the early 30's, the bank went belly-up and my Grandfather had to work as a teller in another bank. He never got over it.

My Dad also went bankrupt in the stagflationary 70's. Too much debt. Before he went belly-up, he bragged to me how "great" his credit was...

Debt is something one may need to use from time to time, like antibiotics, necessary. But then one has to stop taking the crap.


Great Post.



There are other differences between you and the financial "geniuses" of the FED and the arrogant NY banks that exclude you from their world of power perceptions besides the soft pillow.

These people have an inborn trait for the love and adulation of money. It may very well be genetic. Avarice is groomed from the cradle. While you and your siblings were learning empiricism from the natural world, learning to observe and conclude and reason; forming an understanding of your place in the world and universe, they were learning how to adore and worship money and power. They never asked themselves, Why are we here?, What is the purpose of us being here?, What happens when we die and transfer to eternity? How shall we best pass the time we have on this planet?, Which events in life shall we base our happiness or sadness on? They and the small fry of the money masters heard messages like, "Oh Maury, our infant son is a born banker", or "Abraham, our daughter Ruth really knows and understands money, she will be rich"! Nonstop financial messageings, creating neurotic personalities who worship money and the power it possesses. This goes on for generations. Marx et. al., understanding this genetic and socialization predilection of the banking oligarchy for money, (he probably had a front row seat) layed out a philosophy of socialism that cut out the adulation of the golden calf. The Machiavellian tradition of corruption in banking has a very ancient base. Very few people can resist the power of money. You E are probably one of them.

If the time has come to throw off the yoke of debt slavery for the world, a time coming for the Phoenix to rise from its depressed ashes, I am sure you, E will be there with valuable insites because you understand were we were and how life can be so much better without this economic Darwinism that corrupts and degrades the world in which we live.


I agree with all others on this board about Elaine and her courage, insight and fearlessness in the face of monstrous opposition. She is truly, an educated woman who writes as men of old used to, I have in mind the likes of H.L.Mencken, Albert J. Nock etc. Charlotte Iserbyt, in her book "Deliberate Dumbing Down" puts it best when she talks about what our educational system has wrought and the type of people it is turning out, by, as she puts it; "Pavlovian/Skinnerian animal training methods-which provide tangible rewards only for correct answers-there can be no freedom." She then asks the question and then answers it: "Why? People 'trained'-not educated-by such educational techniques will be fearful of taking principled, sometimes controversial, stands when called for because these people will have been programmed to speak up only if a positive reward or response is forthcoming. The price of freedom has often been paid with pain and loneliness."

Elaine, now you see why I call you a truly educated person, not 'trained' like a dog, as most of your critics are. Years from now, after we are in a form of bondage that few can imagine your writings will travel the underground as Alexander Solzynitsin's did in the old Soviet gulag.

It may be lonely in the stand you, I and others are taking....but if you are anything like me, there is no other thing to do. I am happy to have found someone who "seeks not happiness in other peoples minds". I don't remember who wrote that [maybe some readers can tell me] but, it should be on your masthead Elaine, you are the personification of that saying.


Re: Sociopaths at the top

Kurt Vonnegut wrote very accurately about these guys:

"But I myself feel that our country, for whose Constitution I fought in a just war, might as well have been invaded by Martians and body snatchers. Sometimes I wish it had been. What has happened instead is that it was taken over by means of the sleaziest, low-comedy, Keystone Cops-style coup d'état imaginable.

I was once asked if I had any ideas for a really scary reality TV show. I have one reality show that would really make your hair stand on end: "C-Students from Yale".

George W Bush has gathered around him upper-crust C-students who know no history or geography, plus not-so-closeted white supremacists, aka Christians, and plus, most frighteningly, psychopathic personalities, or PPs, the medical term for smart, personable people who have no consciences.

To say somebody is a PP is to make a perfectly respectable diagnosis, like saying he or she has appendicitis or athlete's foot. The classic medical text on PPs is The Mask of Sanity by Dr Hervey Cleckley, a clinical professor of psychiatry at the Medical College of Georgia, published in 1941. Read it!

Some people are born deaf, some are born blind or whatever, and this book is about congenitally defective human beings of a sort that is making this whole country and many other parts of the planet go
completely haywire nowadays. These were people born without consciences, and suddenly they are taking charge of everything.

PPs are presentable, they know full well the suffering their actions may cause others, but they do not care. They cannot care because they are nuts. They have a screw loose!

And what syndrome better describes so many executives at Enron and WorldCom and on and on, who have enriched themselves while ruining
their employees and investors and country and who still feel as pure as the driven snow, no matter what anybody may say to or about them? And they are waging a war that is making billionaires out of
millionaires, and trillionaires out of billionaires, and they own television, and they bankroll George Bush, and not because he's against gay marriage.

So many of these heartless PPs now hold big jobs in our federal government, as though they were leaders instead of sick. They have taken charge. They have taken charge of communications and the schools, so we might as well be Poland under occupation.

They might have felt that taking our country into an endless war was simply something decisive to do. What has allowed so many PPs to rise so high in corporations, and now in government, is that they are so decisive. They are going to do something every fuckin' day and they are not afraid. Unlike normal people, they are never filled with doubts, for the simple reason that they don't give a fuck what
happens next. Simply can't. Do this! Do that! Mobilise the reserves! Privatise the public schools! Attack Iraq! Cut health care! Tap everybody's telephone! Cut taxes on the rich! Build a trillion-dollar missile shield! Fuck habeas corpus and the Sierra Club and In These Times, and kiss my ass!"


Elaine Meinel Supkis

We will all miss Kurt.

He is a survivor of the bombing of Dresden. It was like Hiroshima: nearly totally civilian and untouched by WWII bombing due to lack of useful targets. Then, at the very end, totally destroyed.

Jim B

Thanks Chris for the Kurt Vonnegut, reminded me of James Kunen's famous 60's book, The Strawberry Statement, describing a group of men around a round table (Charlie Rose anyone?), smoking their big c-gars, with their mean faces, making pronouncements to do with the world "as their little toy" (thank you Bob Dylan for "Master's of War"), but enough of this downer talk. Another beautiful day to be lived to the max!!!!!!

Elaine Meinel Supkis

Lots of snow here. Got to plow.

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