imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List




IMC Network:

Original Cities

www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities

www.indymedia.org africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

US Finds Culprit

by Dieter Schubert and Albert Mueller Tuesday, Nov. 01, 2011 at 4:23 AM
mbatko@yahoo.com

Critical thinking and cultural shock have the power to turn the world upside down (like Jesus' parables and zen koans). Trivializing structural/systemic economic problems as motivational, psychological, bumps in the road or industrial accidents is a perversion.

US FINDS CULPRIT

“The Euro-financial crisis worries the whole world.” President Obama warms up for the election campaign and decries Europe as a scapegoat.

By Dieter Schubert

[This article published in: Junge Welt, 9/28/2011 is translated from the German on the Internet, http://www.jungewelt.de/2011/09-28/018.php.]

Evidently the US government has a new election campaign line. Europeans are responsible for the economic debacle worldwide and the increasing economic weakness in the US. They cannot solve their crisis, are extremely indebted and deeply divided politically. The whole world is “anxious” about the consequences. This is not only the message of Treasury secretary Timothy Geithner proclaimed clearly on September 21 in Polish Wroclaw and repeated at the annual meeting of the International Monetary Fund and the World Bank in Washington. Now the US president appreciatively adopts the theme.

This may be a transparent maneuver because Barack Obama must steel himself for the battle for reelection in the White House in 2012. The missionary tone was set. The president used a visit to California’s Silicon Valley to proclaim the new truth to the world. “Western Europe’s debt problems are the greatest risk threatening the world economy.” Geithner said. Obama put more coal on the fire. The real sequence of the crisis was ignored which as everybody knows was triggered by the collapse of the 2007 housing market. Instead he accused Europeans of not reacting quickly enough. The continent has never completely recovered from the 2007 events. The debt crisis expands overseas and threatens the US economy.

Another episode also made clear that an “inverted world” is played out in the United States. For his appearance, the president chose the hip career network Linkedin (one of the up-and-coming and completely overrated startups of Silicon Valley) as a backdrop and presented a kind of talk show. At this event, a former manager of the global data octopus Google urged Obama to raise his taxes. The addressant gratefully took that as an occasion to campaign for his bold ideas. He did not want to fleece the rich, Obama stressed, but to return to the income tax levels of the 1990s when the rich were rich, the middle class was larger and people came “out of poverty.”

A great dose of cynical diplomacy is needed to view the US president’s appearance as helpful for Europe. The EU commission succeeded effortlessly in this. They greeted Obama’s rhetorical broadside as a welcome piece of advice. “Since this crisis will obviously have effects on other international actors, they should express their opinions,” the spokesperson of the EU monetary commission Oili Rehn said in Brussels. Even if there is not agreement on all points, the EU commission wants “active and regular exchange” with the US government. Rehn saw the remarks of the US Treasury secretary Timothy Geithner on the situation in Europe as a “constructive” contribution, the spokesperson added.

STRATEGIES OF PROPAGANDA

“Markets,” “Investors,” “Debt Crisis,” “Debt Sinner,” “Debt States,” “Herd Instinct” and other Deceptions

By Albrecht Mueller

[This article published September 6, 2011 is translated from the German on the Internet, http://www.nachdenkseiten.de.]



Yesterday’s daily themes were models in counter-enlightenment. The terms named in the subtitle are used, mislead or are only half-truths.

The success of the term “debt crisis” is one modern example for the possibility of completely deceiving people and the media. This crisis is a crisis of the banks and the entire financial management. The financial crisis originally had little to do with state indebtedness as we now learn from the statements of Mr. Ackermann (Deutsche Bank) about the toxic entries in the balance sheets of many banks. The banks and other financial institutes radically speculated for years.

In 2003 some banks and insurances massively speculated. In February 2003, they knocked on the doors of Schroeder (former German chancellor) and his ministers Clement and Eichel to gain support for creating one or several bad banks. The Hypo Real Estate Bank was founded after the coveted deal with the German government became known and was thwarted. Waste was stored at HRE. All this was long before the breakdown of Lehmann Brothers.

State indebtedness was not a great problem either in Germany or in most Mediterranean countries as described in the NachDenkSeiten article “The Euro crisis in numbers – How Model Students Became Problem Children.” Nevertheless the terms “debt crisis” and “debt sinner” are used to form opinions.

In the daily themes, there are many aphorisms that are based on false analyses:

• The markets question the reform capacity of the debt states

• Euro-debt sinners



• The markets believe less and less that Europe can solve its debt problems

• Greece is not saving as promised



• Greece’s conduct reaches the limit of provocation (Broderle)

• The debt crisis of the Mediterranean countries is one cause for the DAX (German stock exchange) fall.



With the use of the terms “markets” and “investors,” the assumption is that individual rational persons are active here and the main actors invest money as though they were doing something useful and creating value. That is a half-truth. Transactions on the financial markets and on the raw material markets are largely marked by speculation and speculators – by the use of new financial products, bets and adventurous securities.



There were always individual actors and speculators who were active and influenced market events and the development of prices, interests and currencies – beginning with the takeover battles over Mannesmann and the German stock exchange or VW/Porsche speculations and intrigues over Hypo Real Estate and particular Euro countries.



A new recent example is given by the Wall Street Journal. On September 1, 2011 the Wall Street Journal had the headline “Goldman Sachs recommends bets against Europe.



The persons who buy shares, currencies, raw materials and funds have a certain influence on the price development when they act in synchronicity. Herds and herd instinct seem appropriate descriptions. However this is really only a half-truth. The strategies and recommendations of individual mega-speculators including investment banks like Goldman Sachs often depend on herd conduct.



The use of the terms “debt sinner,” “debt state” etc. apparently leads our commentators in politics, science and the media to renounce on thinking problems through.



• The commentator of Bavarian radio Gottlieb gives the impression that Greeks are in peace and quiet under the Euro bailout umbrella. He has no idea about life in Greece or the social and financial situation of the majority of the people.

• A discussion on a Greek radio station emphasized that the Greek government has not met its obligation to privatize state assets fast enough. The interviewed representatives of the government party tried to explain that privatization came to a standstill because the prices were so bad. Every reasonable person must be ready to listen to this argument. A people cannot really be expected to sell their (property) assets far below their price. A shock strategy is carried out with the plundering of assets in East Germany (DDR) and other countries of Eastern Europe and Africa today.



• Bruderle’s remark on the Greeks’ deficient readiness to save only shows how even authoritative persons are lulled to sleep and befuddled regarding serious decisions on the future of a common economic and currency zone. The austerity resolutions imposed on the Greeks will not result in a savings success because the economy will save to its ruin. People knew all this. All this can be understood when the brain is not befuddled by slogans like those mentioned at the outset.

RELATED LINK:



Video: “Manufacturing Consent,” 1992, Noam Chomsky, 2 hr 46 min

www.hulu.com/watch/118171/manufacturing-consent?c=News-and-Information/Documentary-and-Biography

Report this post as:

Local News

GUIDE TO REBEL CITY LOS ANGELES AVAILABLE A12 5:39PM

lausd whistle blower A10 11:58PM

Website Upgrade A10 3:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 1:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 11:58AM

Change Links April 2018 A01 11:27AM

Nuclear Shutdown News March 2018 M31 6:57PM

Join The Protest Rally in Glendale on April 10, 2018! M29 7:00PM

Join The Protest Rally in Glendale on April 10, 2018! M29 6:38PM

Spring 2018 National Immigrant Solidarity Network News Alert! M19 2:02PM

Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A. M16 5:40PM

Steve Mnuchin video at UCLA released M15 12:34AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups M06 12:10PM

After Being Told He's 'Full of Sh*t' at School Event, Mnuchin Demands UCLA Suppress Video M02 11:44AM

Resolution of the Rent Strike in Boyle Heights M01 6:28PM

What Big Brother Knows About You and What You Can Do About It M01 3:30PM

Step Up As LAPD Chief Charlie Beck Steps Down F14 2:44PM

Our House Grief Support Center Hosts 9th Annual Run For Hope, April 29 F13 12:51PM

Don’t let this LA County Probation Department overhaul proposal sit on the shelf F13 11:04AM

Echo Park Residents Sue LA Over Controversial Development F12 8:51AM

Former Signal Hill police officer pleads guilty in road-rage incident in Irvine F09 10:25PM

Calif. Police Accused of 'Collusion' With Neo-Nazis After Release of Court Documents F09 7:14PM

Center for the Study of Political Graphics exhibit on Police Abuse posters F07 9:50AM

City Agrees to Settle Lawsuit Claiming Pasadena Police Officer Had His Sister Falsely Arre F04 3:17PM

Professor's Study Highlights Health Risks of Urban Oil Drilling F04 12:42PM

Claims paid involving Pasadena Police Department 2014 to present F04 10:52AM

Pasadenans - get your license plate reader records from police F03 11:11PM

LA Times Homicide Report F03 1:57PM

More Local News...

Other/Breaking News

TheMilitary of Yemen IN In The 1990's A26 5:42PM

The Shortwave Report 04/27/18 Listen Globally! A26 4:03PM

Federal Bank Examiner FDIC recalls year long 1999 robbery in 2017 A26 3:24PM

Doxa du lobby A25 2:03AM

Tech workers organize A24 6:24PM

Architect Stephen Francis Jones A24 3:01PM

UN Forum Wrestles with Economic Policies 10 Years After Financial Crisis Islands Call for A24 12:34PM

Xyloglossie attitudinale A23 8:07AM

What does the Quran Say About Islamic Dress?? A21 4:15PM

Biodiversité ou la nature privatisée A20 11:22AM

The Market is a Universal Totalitarian Religion A20 7:14AM

Book Available about Hispanics and US Civil War by National Park Service A19 5:52PM

The Shortwave Report 04/20/18 Listen Globally! A19 4:01PM

The Republican 'Prolife' Party Is the Party of War, Execution, and Bear Cub Murder A19 11:48AM

Neurogenèse involutive A18 9:21AM

Paraphysique de la dictature étatique A16 10:13AM

Book Review: "The New Bonapartists" A16 3:45AM

The West Must Take the First Steps to Russia A14 12:25PM

Théorie générale de la révolution ou hommage à feu Mikhaïl Bakounine A14 3:30AM

The Shortwave Report 04/13/18 Listen Globally! A12 3:50PM

“Lost in a Dream” Singing Competition Winner to Be Chosen on April 15 for ,000 Prize! A12 3:48PM

The World Dependent on Central Banks A12 4:43AM

Ohio Governor Race: Dennis Kucinich & Richard Cordray Run Against Mike DeWine A11 9:40PM

March 2018 Honduras Coup Again Update A10 10:52PM

Apologie du zadisme insurrectionnel A10 3:33PM

ICE contract with license plate reader company A10 1:14PM

Palimpseste sisyphéen A09 11:23PM

Black Portraiture(S) IV: The Color of Silence...Cuba No...Cambridge Yes A09 5:32AM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy