Comments on: The financial propaganda war – summer ’11 offensive

By: Golem XIV - Thoughts

Golem XIV - Thoughts — Sat, 06 Aug 2011 08:48:33 +0000

Blink,

welcome. YOu're right about many if the MSM financial journalists. they have been 'embedded' - isn't that the phrase? Like a tick feeding on its host.

By: Blink

Blink — Sat, 06 Aug 2011 08:25:35 +0000

"I have the feeling we will be hearing a lot more of this sort of blatant attempt to erase recent history and put in its place an official version of events."

The reason why Mr Portes can get away with saying things like that is the quality of our financial journalist on MSM is of a poodle kind, especially the BBC!

By: forensicstatistician

forensicstatistician — Fri, 05 Aug 2011 08:52:04 +0000

Like Golem, the mainstream propaganda is getting my blood boiling again.

I feel another post coming along.....

P.S. cynicalHighlander

Cheers for the Heinberg link. His book "The Party's Over" is excellent. Check out gregor.us too, plus the recent interview with Nate Hagens on ChrisMartenson.com. Dwindling black gold holds the secret to our growth woes.

By: JamieGriffiths

JamieGriffiths — Thu, 04 Aug 2011 22:31:25 +0000

Look who else is sticking an oar in: it's Gordon 'We're gonna need a bigger bailout' Brown.

Stuffing the banks full of taxpayer cash and 'radical capital product and labor market reforms' in order to generate the growth to pay for it. That's the ticket, Gordy!

By: mikehall

mikehall — Thu, 04 Aug 2011 21:23:51 +0000

@ cynicalHighlander

Nice link, I've met Richard Heinberg a few times & he's right of course.

To modify a well used phrase...'It's the debt, stupid!' & the unsustainable use of resorces.

I really get Golem's anger too. It's like these mainstream economists inhabit some parallel universe, or maybe they are just some kind alien robots, stuck in a neo liberal wanker program loop.

Getting very serious now looking at the financial markets news & Italy. Could the crash be imminent?

We need to focus what resources we have, labour & energy, away from non essential consumer junk into infrastructure that de-carbonises the economy. Do it now, on a 'war' footing, and with as much global co-ordination as possible.

positivemoney.org (and MMT economics) provides the monetary & fiscal framework to do this.

F*&k knows if any of the braindead politicos or churnalists can cop on.

By: Golem XIV - Thoughts

Golem XIV - Thoughts — Thu, 04 Aug 2011 20:52:18 +0000

Get me some while your out would you. I'll put the kettle on.

By: Paddy Fields

Paddy Fields — Thu, 04 Aug 2011 20:42:53 +0000

Golem,
I think one of those empty ATMs that he is on about would be a much more apt device to weigh on his being ;-)
I'm looking at market watch every day the last week and I just can't help but smile a little as it all falls to bits, I don't think they will buy a way out of this one, I know it's going to hurt us all but at the end of the day it needs to happen, who knows, maybe along the way a few of those Merchant Bankers might not be able to handle the stress of living like the rest of us and do the world a favour,
I'm away for popcorn while I can still afford it !

By: cynicalHighlander

cynicalHighlander — Thu, 04 Aug 2011 19:26:29 +0000

Who Killed Economic Growth?

Short and to the point.