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The Forum > General Discussion > Our Casino Economies

Our Casino Economies

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See http://tarpley.net/ View the short video "Casino Economy of Globalisation" Webster Tarpley raises some really crucial issues confronting our economies.For those who find this difficult to understand,we have two economies.We have the bubble economy made up of derivatives,credit default swaps,hedge funds etc created by the production of too much money and the real economy that produces goods and services.

Presently we are sacrificing the real economy via bailouts and stimulus packages to try and save the bubble economy.As Tarpley has noted the German Govt has taken action to ban credit default swaps and bring in a Tobin tax on speculative market practises such as derivatives.

Tarpley argues that the free market has failed and we should like the Chinese Govt intervene spending money on infrastructure.This is well and good Govt does have a role in such things.I don't think it has been a failure of the free market.The free market must operate within the confines of a set of fair rules.These rules have been stripped away and we should not fall for total Govt planning of our economies as a reaction to this financial crisis.

I think that the prime function of Govt is to be a referee and not a player in our lives driving us to this nanny state,which is so obiviously a failure.

If a game of footy decends into chaos because the referee does not know the rules or fails to implement them,it does not mean that the ref should become a player to remedy the situation.
Posted by Arjay, Monday, 31 May 2010 12:09:23 AM
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Dear Arjay

you seem to be on the right track...almost.

But it's not about the 'right system' mate..it's cold hard brute power and lust for money-power-money-control-money-power etc.. among a clique of people who are intent on using all that you mentioned as a means of total control.

They are working through or, are part of (or both) the U.N.

But you already knew that didn'tcha :)

My only criticism of your efforts is that you think you need to dig up and oncover some vast conspiracy ..perhaps Bilderberger/illuminati/masons related ?

No mate..you don't need to go that far.. its quite out in the open now.. you just need to know where to look and how to connect the dots.

More to come on this.....
Posted by ALGOREisRICH, Monday, 31 May 2010 5:50:05 AM
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I think that the prime function of Govt is to be a referee and not a player in our lives driving us to this nanny state,which is so obiviously a failure.

Sounds like an endorsement for the return to "Thatcherism" and "Reaganomics"

which would be a good thing
Posted by Stern, Monday, 31 May 2010 8:00:31 AM
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AiR (AlgoreisRich)I know about the so called illuminati but let's leave them out of the debate.We need solutions to this Depression that work.We in the West have oligarchical system whereby large corpotates have got toether with Govt to enslave the masses.I would not call this a free market.It is an odd mix of socialism and capitalism.It is as you say,about the power of a few.Ron Paul is a free market man but if you have absolutely no tarriffs then there will be even less industry in western economies.The large Corporates need to be broken up.Their object is not competition but monopolies and cartels for power and an easy ride.They need to be broken up and made to pay workers in poor countries a decent wage.

Stern,I don't like labels such as Thatherism,because is is too simplistic and don't think Reagan or Thatcher got the ground rules right.Labour does need to organise itself into a political force but we also need rules to curb their excesses.

Tarpley does get a lot of things right and so does Ron Paul but is all about the degree of implementation.

They all agree that the US Federal Reserve must go.It is a corrupt unaccountable organisation.The bubble economy must tbe allowed to fail but many have their super interwoven into these derivatives via the share market.We are in the second stage of collapse and the right decisions have to be made.If the real economy of goods and services falls in a heap,then no one will win.
Posted by Arjay, Monday, 31 May 2010 9:45:36 AM
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I wonder Arjay how we can get the emphasis back into the real economy and reduce the relevance and impact of the gambling economy. Even retirement income is now wholly dependent on this cowboy economy.

Free trade is a furphy and just opens up new opportunities to exploit the poor. Competition under FT rests solely on labour which risks other variables such as quality, innovation, governance (labelling, hygiene, chemicals etc).

Not to mention the absurdity of food imports which have to travel long distances - how can this be better in the long term.
Posted by pelican, Monday, 31 May 2010 10:47:35 AM
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Pelican,I agree.To transport a kiwi fruit to Aust it uses up 3 to 4 times its weight in greenhouse gases.Here is the the hypocracy of the Globalists who want carbon taxes and want even more free trade to burn more carbon.

Part of the answer is in what Germany is doing at the moment.Limit or ban derivatives.Greece's GDP to debt ratio is less than many other countries in Europe but they can pick on Greece because it is a small economy.Tarpley says that Spanish banks are now in strife.When the IMF creates more money for bailouts,it dilutes the value of the Euro.This is why they are going for the $ US but it is also in poor shape.Perhaps the Yuan is the way to go,but China is holding too many $ US.The Central Banksters have certainly created an huge mess.

We have to aim at production and the creation of usable infrastructure.Instead of the Schools building programme,Rudd should have built infrastructure we all need,and instead of borrowing from China,much of this money could have been created here.We are locked into these global financial arrangements that keep us in debt to these global reserve banks.If they create money from nothing ,then why can't sovereign Govts do likewise? Fractional Reserve Banking is a huge scam.It steals from the population by creating too much money and diluting everyone's wealth.

When Gough Whitlam went to the Arabs for loan,the sin was not the loan,his sin was he did not borrow from the global reserve banksters.They have it sewn up.
Posted by Arjay, Monday, 31 May 2010 1:27:47 PM
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