There is a fine line between a “conspiracy” and people with like ideas around the world, all following those ideas and defending them to their end.
We see that here in the US, with the seemingly coordinated “we need to spend more” or “Obama’s policies prevented us from an even worse recession or depression”.
These are simply the intellectual refusals of many supposedly smart people from giving up on the economic policies of John Maynard Keynes.
You’ve probably heard the term “Keynesian” economics thrown around recently. Keynes died in 1946 and the irony is that his theories were written in response to the Great Depression AROUND THE WORLD, NOT here in the US.
He basically said that the government needs to “prime the pump” when the private sector slows down. That spending is spending no matter where it comes from, even if it’s imaginary money, printed by the government to inflate it’s way out of trouble.
However, Keynes had no idea that his ideas would be taken to such absurd lengths – although he did claim, to some extent, that the war spending of WWII proved his theories.
By the time of his death, just after the war, he was already warning about the ridiculous lengths that his disciples were taking his theories.
The most well known of his disciples right now is Paul Krugman of the New York Times.
But most US Presidents of the 20th century have followed a basically Keynesian model.
The ultimate example of the Progressive media’s being in the bag for Keynes, came just recently in Israel.
Yuval Steinitz, Israel’s Finance Minister, and the overseer of the latest phase of Israel’s “Economic miracle” (Israel is one of the few economies in the world that has fought the worldwide slump and whose economy continues to grow and expand robustly, largely due to incredible innovation) was getting ready for an interview with Israel’s Channel 2 news Anchor Yonit Levy.
This is actually how the interview started. Oozing professional probity, Levy said, “I assume you came here armed with wonderful data about the drop in unemployment and rising economic growth, but I want to ask you, Mr. Steinitz if for all your data you’ve forgotten the people, you’ve forgotten an entire class of working people who can’t live?”
“So, despite all facts to the opposite, I’m telling you things are not good.” That is the essence of what she said.
You see it here now every day, and will see it even more in the coming days.
With the downgrade of the US credit rating by Standard and Poor’s, you will hear the media say it really doesn’t matter.
Of course, it matters. But worse, perhaps than the downgrade, which is epic, huge, an historical earthquake of biblical proportions, is that ALL the ratings agencies still have the US on negative watch, which means a 75% chance of further downgrade.
You have also seen this recently with the coordinated calling of the Tea Party “Terrorists”.
There should be riots on the streets over this obscenity. Those that murder and blow up, mutilate, massacre, innocents in the streets are “miltiants” or “freedom fighters”, but those that want less US debt are “terrorists”???????!!!!!!!!!!