Hail your Mild-Mannered , Economic Overlord by out2theblack

REAL WORLD EVENT DISCUSSIONS

Hail your Mild-Mannered , Economic Overlord

POSTED BY: OUT2THEBLACK
UPDATED: Tuesday, December 29, 2009 05:14
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Wednesday, December 23, 2009 11:44 AM

TIME magazine , in its propaganda piece , calls Bernanke
" our mild-mannered , economic overlord ".
Is that better than the despotic economic overlords of the past ? Should we consider that an improvement in the quality of economic overlords ?

'Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the Field of commerce and manufacture, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they better not speak above their breath when they speak in condemnation of it.'

-- Woodrow Wilson, The New Freedom (1913)

“I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money... I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with the Congress for sitting idly by and permitting such an idiotic system to continue.”
Congressman Wright Patman

"Permit me to issue and control the money of a nation, and I care not who makes its laws."
Mayer Amschel Rothschild, International Banker

"The process by which banks create money is so simple the mind is repelled."
John Kenneth Galbraith, Economist

"I am afraid that the ordinary citizen
will not like to be told that banks
can and do create money
...And they who control
the credit of the nation
direct the policy of Governments
and hold in the hollow of their hands
the destiny of the people"
Reginald McKenna,
past Chairman of the Board, Midlands Bank of England

“Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess.”
Irving Fisher, economist and author

http://community.marketwatch.com/groups/us-politics/topics/extraordina
ry-quotes-times-we-live

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Wednesday, December 23, 2009 11:47 AM

OUT2THEBLACK

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Wednesday, December 23, 2009 2:54 PM

FREMDFIRMA

You forgot one.

"I killed the bank"
-Andrew Jackson.

For all his flaws, which we should not ignore cause doing so deprives us of a true viewpoint of his character, he was fairly upstanding guy with a very dry sense of humor who tried to live up to a higher standard, and sometimes even managed to.

Funny that he was the first president someone tried to assassinate, and that likely had everything to do with the Second Bank Crisis - and yet, he was virulently opposed to having bodyguards.
"I would sincerely regret, and which never shall happen whilst I am in office, a military guard around the President."

Thing is, when he killed off that bank, at great political and almost physical cost to himself, it was noteable as the very last time the budget of our nation ever balanced.

With these things it's always best to begin at the beginning, and that's a right good place to start instead of economic theories most folk don't have the background to really make sense of, just a useful suggestion there, since playing on the veneration of our founders (which would have made Jackson laugh his ass off, the very IDEA of even that) is a better hook than something so played up that folk tune it out on reflex, you see ?

Not bashin ya, just showing you a sideways method of getting your hook in to discuss the matter, since it's worth discussin, is all.

Also as an amusing aside, Jackson took some ribbing on his constant misspellings on official documents, and offered this in reply when called upon it.
"It is a damn poor mind indeed which can't think of at least two ways to spell any word."

-F

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Wednesday, December 23, 2009 3:54 PM

DREAMTROVE

This just confirms what we already know: Bernanke is our Fuhrer. Time's original portrayal of the Nazis was fairly positive, IIRC, and like many of their men of the year, the whole issue is itself a form of advertisement.

Ben Bernanke is a student of the great depression, and knows the advantages of creating one. He is certainly one of the most influential figures in the world today, and I think that he has masterminded the next great depression.

The only thing I doubt is that it will play out like he's planned. The world is a very different place than it was in 1929. He may end up destroying the concept of money, rather than taking over the information sector, which has to be his main goal.

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Monday, December 28, 2009 4:19 PM

FREMDFIRMA

Hmm, I dunno jack about economics, but I do know quite a bit about Overlording, and as such my economic policy is "That's MY stuff, you're just borrowing it."

Not to mention the minions, cause what's an Overlord without minions.

Hah, the Bernie is a piker, what's HE know about economics OR overlording, pffth!

-F

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Monday, December 28, 2009 4:27 PM

DREAMTROVE

Bernie knows more than it appears... Again, I refer you back to "FAIL is the goal." Bernie has spent his life studying the Great Depression, and not out of mild curiosity.

Like all neocons, et al, his only mistake is being too visible, but then, overlording isn't *usually* a discreet profession.

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Monday, December 28, 2009 5:34 PM

FREMDFIRMA

Need I mention I got Overlord II for Xbox360 as a Holiday present ?