Milton Friedman and John Maynard Keynes -
2009 Craziness in Freedom of Markets
2009 Craziness in Freedom of Markets
Seldom, bluffers of no value have caused more of damage on this world than useless Theorists in economics without clear sight on facts.
Economic BLUFFS about non-functioning "RESCUE" Packages in 2009
The whole world sinks down in misery - due to endlessly preaching Free Market of Milton Friedman, based on philosophical thoughts of Karl Popper.
All important Managers followed any craziness in "FREEDOM OF MARKET", allowed at Wall Street with diffusion of 100 trillion Dollars in Junk Papers, like Bistro, ABS, CDO and CDS, followed by tumbling values with all ordinary shares and bonds, and thus was created a situation, due to globalisation and deregulation and privatisation, where all Nations on this Globe travel slowly (for common folks) and very rapidly (in scales of history, seen backwards) downwards to hell - in economics, ecology, culture and politics. People in all nations find themselves after only one year of breakdown, living on a bubble that got completely out of Balance in all areas mentioned.
However, by the end of capitalism, this seems to be a most natural procedure: When banks and insurances go into bankruptcy, the "real industry" inclusive service business goes down the drain too. Interlinking procedures generate a CHAOS never before experienced in history.
And unemployment will explode and State expenses will explode, societies losses and national deficits will explode, but most will explode general stupidity in press and other media - and not one single brain will seize what happened in the past from 1990 to 2006, in present down-train years 2007 and 08, and about the rotten future to come after 2009 ---
My GOD of all religions - What to do?
The most stupid heads of some VIP in Governments: GW Bush-Clinton, Obama Barack, Blair-Brown, Kohl-Merkel, Chirac-Sarkozy, Hu and Wen, Stalin, sorry, Putin, untouchable Singh, anti-Arab Sharon-Olmert, Mafia-Berlusconi, the 7 Bank-Dwarfs of Berne and all the rest of valuable UNO-members, please remember all of a sudden, after a awful laisser-faire period, the nice and despised theories of John Maynard Keynes, on which already Franklin Delano Roosevelt based his idiotic economy-acts of nothing. Humans will fall again in the trap of false hopes, with useless Theorems, for reasons you will now learn to understand.
KEYNES believers of another Jesus-faith say: The State must expense now for billions in new infrastructures, rotten water and electricity supply, public traffic and health care for the richest VIP, and then we must decrease taxes and VAT in all countries, we must get down with interest rates, we must give huge credits to banks and nothing to the poor - and everybody should be stimulated to consume like hell and as much as ever possible and afterwards, work will be given to 200 percent of folks - in order they can further destruct our Planet.
Therefore, let's get through the "bright" ARGUMENTS of Friedman and Keynes:
Milton FRIEDMAN and Karl POPPER would have said: Leave all to the free market, to the bankers, Reagan, Thatcher, Pinochet and Bush. By the end of this laisser-faire of free Will, the most stupid and greedy VIP on this Bubble, drive some GM, Ford, VW, Fiat, Toyota Phoenix
Funny, funny, funny. If it works, it's okay, If not, Humans are proven to be truly the Idiots, as they have always been in reality. - Nur die duemmsten Kaelber, waehlen ihre Metzger selber.
John Maynard KEYNES and ROOSEVELT would have said: God damn it, Friedman and Popper are stupid skunks. We need a program of national growth - "rescue packages" producing huge deficits. We shall let explode the national indebtedness in endless ways, but by the end, the expenses per trillions will produce a new hype of universal self-destruction, just as it was, before Friedman crash became true - and then we can pay back with the huge profits of companies and individuals all deficits, with magnificent minus-deficits (the contrary of Minus-Growth!) -and we shall come down to zero with our national debts.
Great! Such a scenario never functioned in the past (contrary to a legend, not even under Bill Clinton) - not considering the idiocy, not accepted so far, that our present World went down to hell - just BECAUSE of growth, greed and national stupidity of Friedman and Keynes.
But criticise any idiot can do it - but since Delavy is not an idiot, I will explain the background of Junk Theories in Economics of soft Keynes-Roosevelt AND of hard Friedman-Popper-Reagan philosophies.
And here we go:
a. State-Income in TAXES and State-Expenses for social WELFARE
Diminishing income taxes and VAT when social costs explode, means explosion of deficits and final Debts of States. In other words, the expenses of today will have to be paid back some time in future - and so the charges and risks are burdened on our children - and their children. However, if we don't let explode all costs of State due to Friedman politics, the brainless governments must find ways to see that actual expenses are covered by actual income, in form of taxes, fees, interest on Treasury Bonds. Hmmmm, never laughed more - such governments do not exist. Nowhere.
Contrary to the theories of Keynes, Blair, Bush and Barack, people should understand: There is not such a thing as taxes in high times of growth and conjuncture, or low times of depression: A given high income stays always a given high income - and therefore, Tax Rates thereon were always absolutely without importance. Telling the contrary means, cheating Middle Class in favour of richest VIP, dear Sarkozy, Merkel, Berlusconi, 7 Dwarfs and Paulson. A fair and just PRINCIPLE should have been for all times: The rich in income and wealth shall, contrary of today, take over the major charges of the Nations, with high tax rates, and the lower incomes will take profit of lower tax rates. But today, the major part of rich people and their income were NEVER TAXED!
What the expenses of States are concerned, the population can only ask for help to the extent, expenses would by no means exceed the income in taxes, that should always have come from those who steel the money from the consumers and investors not being wealthy. You didn't get the point? The major reasons for these logics will be described below.
b. State INDEBTEDNESS - What is a Nation?
After all, what is a Nation? Most stupid average folks, to whom I was talking throughout my life, meant that a State is something abstract. The State is responsible for Taxes, for deficits, for indebtedness, for the affairs in banking, industry, services etc.
All this is bullshit. The nations are the collectiveness of the folks living in the State. It is always the income of the population and the expenses of the population - and NEVER EVER the one of Presidents, Prime Ministers, Congresses, Parliaments or the one in the Offices of State, Towns, Communes etc. Those just fulfil the will of the stupid average population of no brains, asking for the "STATE" - being themselves - to fulfil the impossible of their dirty fantasies.
That's the reason, why such idiots like Hitler, Stalin, Pinochet, Bush, Barack, Mugabe, Koizumi, Blair and other dictators of real dictatorships - or of "Democrazy - Dictatorships of dull Majorities" - are so dangerous. They give populations some idiotic illusions, wars, hypes of deadly growth, greed, stupidity - and the blinded populations creep in the asses of those who administrate in their names all the income and expenses of State. Never ever, this simple truth has been a philosophy - because it is the only possible interpretation of Nations, this god-damned humanity of Fools ever had ---- Nations are its populations and vice-versa.
c. INTEREST RATES of any Importance?
Alan GREENSPAN, an arse-creeper of Karl Popper and Milton Friedman, followed the politics of going down in interest, even in time of over-heat of economics. Together with the Wall Street Abzockers, not controlled by FED and SEC, he produced, together with Bill and Hillary Clinton, Paulson, GW Bush-Wolfowitz-Rove-Rumsfeld, a Halliburton Think-Tank of some cynicism and CRAZE, under the influence of which the World is presently cracking, the weight of low IQ idiocies taken for serious since 1990 to 2008 having become too great of a human hysteria of greed, growth, leverage and believe in highest skunks of economics.
With interest rates, we can actually make increase credits and consumerism in bad times. But when deficits grow and lead Nations to the edge of possible heights in debts, the huge charges for interest on national indebtedness leads to a situation, where a nation has almost no means anymore for education, social welfare, health care, infrastructure, wars against Iraq and Afghanistan and some atom bombs on Iran in the name of Israel
Hmmm. I think that Barack Bin Laden will have to learn 2000 lessons before he can start his job, in order to play "Master of Bullshit Universe", on the basis of what intellectual trash he was taught in his University Life by ever the same blinded Mice as Professors. --- The World finance crash would not be feasible, if U.S. Americans of any standing would not have junk in brains - another explanation for the totally ignored Clash of Finances and world-wide Civilisations cannot be found, without having given this background on real facts and figures ----
d. INFLATION and DEFLATION - just the same
Whatever we do under spell of Friedman or Popper or Keynes will lead either to huge INFLATION, finally destructing any debts of States - Huuurrrrraaaayyy! --- but, oh wonder, it destructs at the same time all relevant fortunes and wealth of a nation and its individuals. What a great program of State! - Got me? No? I knew it.
Or it will lead to DEFLATION: Anything gets cheaper and cheaper. Great! The coming generations will have nothing left, no chances, no energy, no resources - but at least, a population that was alone responsible for the misery in which it lives, gets everything for a dime and will wake up, later, in a total disaster of finance.
Remember: Rinf and Pravda alternative Murdoch media pretended that Delavy writes childish matters in a childish style - and anyway producing theories and lessons without any commonsense? I make a bet of 3 trillions of dollars, that this text so far is not being understood by 99,99 percent of Readers, the way it is meant to be read. Clear, friends and enemies of some sophistication of thoughts? Who said: Much enemies - much honours (Viel Feind - viel Ehr)? It wasn't Barack.
Humans should learn, that inflation and deflation can only be prevented by normal behaviour in controlled consumerism, without hypes, greed and stupidity - and this would have been the contrary of crazy reactions in a helpless situations, as we have it now - world-wide - in the year 2009.
In this sense, Theories of Friedman and Keynes are equally destructive if the Masters of the Universe, our political and economic Heroes, understand nothing of complex systems.
e. Errors about PRICES for oil and other soon outgoing resources
Following the principles, I tried to tell under "Inflation / Deflation": Using up oil - which is nothing but pure black gold for some future 20000 generations to come - our own children, for a dime and less, using up all resources of a Planet within 100 Years has become the greatest criminal deed ever seen in history of a useless species.
The OIL-exporting and RESOURCES-exporting lands give their sole Treasures they possess for free - and they cash in change absolutely worthless shares, national bonds, hollow promises and - by the end of next generation - empty oil wells, empty mines, empty banks, empty heads will remain - and no Cash or State Bonds of any value in their rotten pockets.
But the exporting and simultaneously always poorer getting countries, inclusive Saudi Arabia , Iraq and Iran and Russia
Conclusions
Same reason and theories of zero value with regard to "Club of Rome" and why their "Limits of growth" were laughed down to hell, by the right-wing Junk of politics around Karl Popper with his laisser-faire philosophies - and Milton Friedman with his criminal Theories of letting explode Wall Street with help of Allah Spam, the Shoe-sucker GW Bush, all the Clinton clans since Roosevelt and Kennedy, inclusive the VIP Congresses, not only in Washington, but also in Paris, Berlin, London, Tokyo, Moscow, Beijing, Rome, Canberra, Stockholm, Berne, Madrid, Lagos, Cairo, Lissabon, Athens, Delhi, Johannesburg, Santiago de Pinochet, Videla-Town of Torture, Kirchner Montevideo, Lula Junk of Socialism destructing rest woods of Planet and some Vatican Ratzinger fantasies of Confucius, better known as Allah Spam de Greenhorn - backwards to Keynes Maynard, Popper Barack and Ronald Thatcher-Reagan and all the rest of Representatives with hollow brains, mastering and trying to be representing their Nations or States, being in fact the mirror of its unrestricted living Populations with Walt Disney fantasies out of Holly- / Bollywood Studios.
Soon under spell of increasing stupidity by all Murdochs Media empires, this rotten world is bound to invent new theories of economics, emptied today from any sort of sense and value, in view of safeguarding our precious lives and the ones of future generations, when the planet got the final kicks to hell.
Here you have now for all times your god-damned childish zero-mind junk of literature - and now, go the way of all Alpine water to rotten Oceans - you know what I mean. It is a luxury to use brains on those who will never try to understand, what reality and economics are, living in a CHAOS that went slowly but completely out of any controls. But, don't try to think twice - you will never again have a chance of understanding. Never - ever.
Rene Delavy, Berlin and Bournemouth
Author of "CHAOS" / "PLADESNIEKANT" / and "Never write a book, nobody is willing to grasp" and some nice Editors Letters, underestimated to the max by those who will never understand the lightest theory, meant are chaps with Dynamite Prize honours.
