VHeadline's Washington DC-based commentarist Chris Herz writes: I just love this stuff ... apparently the Bloomberg business news organization (whose owner is the Republican, conservative, mayor of New York City) is in a lawsuit against the US government seeking to force disclosure of just who has received in the last couple of months at least US$2,000,000,000,000 from the Federal Reserve ... the US central bank.
Are these ridiculous people only NOE becoming aware that the creeps they've been for years booming for national power are a bunch of crooks and are doing one last round of looting before being forced to leave office?
My VHeadline friends are having fits about the corruption surrounding the government of their President, Hugo Chavez Frias, even though this corruption does not come close in scale to that of the governments like that of Carlos Andres Perez, or any of the others before the present. But no one in Venezuela has ever been able to disappear TWO TRILLION DOLLARS all at one go.
The USA has been, is now and always will be numero uno in all the arts of political corruption. Pound sand, Venezuela!
We really need some input here from our colleague and friend, Fred Cederholm on this one. But it is looking very much like the Fed has been trying to prop up prices in the stock market on a daily basis. This is thoroughly illegal, but that stuff has not bothered anyone in the Bush administration in any other aspect of the public business, and will doubtless meet also with the approval of the new Obama regime as well ... so long as the real owners of the USA are properly looked after.
- What is clear is that this new government, which can only assume responsibility for US public affairs after January 20, 2009, will begin its tenure crippled by the massive hemorrhage of public funds now ongoing. Even if they were, as they transparently are not, interested in the correction of some of our economic inanities they will not have the resources to do so.
But so much the better in my view. No faction within the US establishment is prepared to suggest to our people that they live within our national means, as do normal countries. And if humanity as an whole is to have a chance we need to see the USA reduced to impotence in the international scheme of things. We will not see invasions of other nations to expropriate their oil or other resources if the USA have not the resources to engage in their favorite method of addressing economic imbalances: War.
Even before it takes office, the Obama regime wants to see still another business give-away ... and that is still further billions given to the big US automobile manufacturers. This is quite reminiscent of how the British government sought vainly to consolidate all their manufacturers into the British Leyland group to retain some of this industry within the control of their own national elites.
- But the essential problem was their elite looters were unwilling to allow British Leyland to spend the capital necessary to make truly internationally competitive products. The idle rich might not have been able to collect their dividends for one or two quarters. The same will happen here.
Even Adolph Hitler, armed with every dictatorial power, was unable to either force or convince the big German automobile companies to build his simple little peoples' car. He finally had to start from scratch with the establishment of a publicly-owned enterprise. And, of course, that is now known as Volkswagen. The enterprise which rescued a country from the economic consequences of defeat in World War II.
And then, of course, up until now, the big US auto manufacturers, General Motors, Ford and Chrysler spared no money in the bribery of public officials to grant them tariff protections, special safety standards deliberately designed to be different, though not more effective than international ones, and an anti-pollution technology specifically designed to favor large, fuel-consuming engines over small efficient ones.
Well, this is yet another chicken come home to roost.
Frankly, dear reader, the deeper the USA dig themselves into this morass, the better I think will be the final results for all the rest of humanity. But beware of investment in dollars.
From the imperial capital
Chris Herz
cdherz44@yahoo.com
PS: I am sick and tired of not being able to afford some of the essential tools of the journalist's trade like Lexus-Nexus. I know for a cold hard fact that some people have made big money from a careful reading of http://vheadlinevenezuelanews.blogspot.com/ -- it's time to look into how to donate some dollars to this effort. I promise, I could really shake the trees were I to have a tithe of what our colleagues in the corporate media enjoy. Get off a few dollars, pounds, euros, yen, whatever! Donate, donate, donate!
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Venezuela is facing the most difficult period of its history with honest reporters crippled by sectarianism on top of rampant corruption within the administration and beyond, aided and abetted by criminal forces in the US and Spanish governments which cannot accept the sovereignty of the Venezuelan people to decide over their own future.
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