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	<title>Comments on: The Era of Complacency is Over</title>
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		<title>By: selise</title>
		<link>http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844638</link>
		<dc:creator>selise</dc:creator>
		<pubDate>Sat, 28 Feb 2009 19:04:23 +0000</pubDate>
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		<description>&lt;p&gt;acquarius74 - i’m sorry, i seriously know nothing almost nothing about the fed and am just in the process of  trying to play massive catch up on almost all this stuff (the globalization related, especially trade and imf, i have thought about for awhile, but that is all).  greider’s &lt;em&gt;&lt;a href=&quot;http://www.amazon.com/Secrets-Temple-Federal-Reserve-Country/dp/0671675567&quot; rel=&quot;nofollow&quot;&gt;secrets of the temple&lt;/a&gt;&lt;/em&gt; is on my to read list, you might want to check it out if the topic is of more than passing interest.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>acquarius74 &#8211; i’m sorry, i seriously know nothing almost nothing about the fed and am just in the process of  trying to play massive catch up on almost all this stuff (the globalization related, especially trade and imf, i have thought about for awhile, but that is all).  greider’s <em><a href="http://www.amazon.com/Secrets-Temple-Federal-Reserve-Country/dp/0671675567" rel="nofollow">secrets of the temple</a></em> is on my to read list, you might want to check it out if the topic is of more than passing interest.</p>
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		<title>By: acquarius74</title>
		<link>http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844635</link>
		<dc:creator>acquarius74</dc:creator>
		<pubDate>Sat, 28 Feb 2009 18:55:25 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844635</guid>
		<description>&lt;p&gt;Hugh and Selise, I would appreciate &lt;a href=&quot;http://financialsense.com/fsu/editorials/steer/2004/0907.html&quot; rel=&quot;nofollow&quot;&gt;your evaluation of the following info and the website on which I found it.  &lt;/a&gt;&lt;/p&gt;
&lt;p&gt;At the end of this &lt;strong&gt;2004&lt;/strong&gt; article is found the 8 banking corporations that then [2004] ‘owned’ (shareholders in the private corp)the Federal Reserve.  Note that in 2004 Lehman Bros. Bank of NY was then one of them.&lt;/p&gt;
&lt;p&gt;I don’t pretend to understand even half of what is covered in the long article, so would appreciate your (both) input.  Excerpt:&lt;/p&gt;
&lt;blockquote&gt;&lt;p&gt;These ‘powers that be’…or the ‘money trusts’ as William Jennings Bryan used to call them back in his day…have but one purpose…to destroy democracy (particularly in the United States) and impose one world government on us all. In America, this process began in earnest with the passing of the Federal Reserve Act in 1913…on the day before Christmas.&lt;/p&gt;
&lt;p&gt;Jay Taylor has talked about these ‘powers that be’ extensively in his weekly postings at &lt;a href=&quot;http://www.gold-eagle.com&quot; rel=&quot;nofollow&quot;&gt;www.gold-eagle.com&lt;/a&gt; over the last number of years. Here’s what he had to say back in January…&lt;/p&gt;
&lt;p&gt;“So why doesn’t Mr. Greenspan resort to the correct policy?  Does he need a small time newsletter writer like Jay Taylor to tell him how to construct monetary policy?  Hardly.  I think Mr. Greenspan knows entirely what he is doing, which in my view makes him even more culpable for the extreme harm that he is engineering for Americans.  There are credible theories out there that the Federal Reserve bank has been in fact created to serve a few powerful global banking families primarily in England and the U.S. who are in the process of shaping our one-world government, with themselves (of course) in charge. For some insights into what I believe to be well-founded theories, subscribers are encouraged to read “The Creature from Jekyll Island:  A Second Look at the Federal Reserve,” by G. Edward Griffin (also see &lt;a href=&quot;http://www.realityzone.com/&quot; rel=&quot;nofollow&quot;&gt;http://www.realityzone.com/&lt;/a&gt; and especially &lt;a href=&quot;http://www.freedom-force.org&quot; rel=&quot;nofollow&quot;&gt;www.freedom-force.org&lt;/a&gt;)&lt;/p&gt;
&lt;p&gt;For confirmation of the views of Ed Griffin, I would also suggest you read “Tragedy &amp; Hope: A History of the World in Our Time,” by Carroll Quigley…who was President Clinton’s history professor at Georgetown. Why would Quigley, who was near the inner sanctum of these ruling elite families, spill the beans on this issue?  Because, in his view, the ruling elite have already become so entrenched in the political and economic fiber of the western world that their power cannot be reversed.&lt;/p&gt;
&lt;p&gt;Griffin believes that these ruling elite families don’t care two hoots about America’s Constitution (which may be why it is being violated more and more over time). In fact, some believe these families see economic and/or political chaos as a means of securing more power and even more wealth for themselves. A little war here and there. A little depression now and then and people will be willing to give up their liberty without a fight, to ensure safety by “Big Brother.”&lt;/p&gt;
&lt;p&gt;I believe…from a big picture perspective…that may well be part of what is going on with the Federal Reserve policy.  Its policies drive the global economy further and further out of balance and thus ensure an ever more devastating collapse.  And when the collapse comes, helpless citizens will turn ever more willingly toward Big Brother for help and will gladly submit to Big Brother’s conditions in exchange for a morsel of food and clothing.&lt;/p&gt;
&lt;p&gt;Nor are the benefits to the ruling elite accruing only in the long term.  Banks create money out of thin air.  Money is the banker’s inventory.  Do you know of any other business that can create its inventory out of thin air and then sell it?  So in the short run, while it is laying the ground work for total control, the banking system continues to shift wealth in its direction by money that is not wealth, but only claims against the wealth…actually created by hard working honest Americans who, like sheep being led to the slaughter, have not a clue about all of this.  In fact Americans are led to believe by CNBC’s Curley and Moe and the Good Hair/Bad Hair guys that the Fed is a not-for-profit government agency acting kindly in favor of all Americans.  So let the good times roll.  Why worry about global trade imbalances or budget deficits that will never be paid, or rising bankruptcies even in an environment of low interest rates?  End.&lt;/p&gt;
&lt;p&gt;The Fed…a ‘not-for-profit’ agency of the U.S. government?  I don’t think so, sports fans.  Sir Alan [Greenspan] and his ‘merry men’ are all appointees…a front for the real owners.  The Federal Reserve is a private company (a banking cartel) owned by eight banks…only four of which are American, the rest are European or British.  You’ll find the Federal Reserve Corporation in the white pages of the New York phone book…just like you would American Airlines or McDonalds…not under U.S. government agencies.   Here are the card-carrying shareholders in the Federal Reserve Corporation…&lt;/p&gt;
&lt;p&gt;Rothschild Banks of London and Berlin&lt;br /&gt;
Lazard Brothers Bank of Paris&lt;br /&gt;
Israel Moses Sieff Banks of Italy&lt;br /&gt;
Warburg Bank of Hamburg and Amsterdam&lt;br /&gt;
Lehman Brothers Bank of New York&lt;br /&gt;
Kuhn Loeb Bank of New York&lt;br /&gt;
Chase Manhattan Bank of New York&lt;br /&gt;
Goldman Sachs Bank of New York&lt;/p&gt;
&lt;p&gt;With that out of the way, let’s see what else Jay Taylor has to say about this one world government and the New World Order…this in March…[2004]&lt;/p&gt;&lt;/blockquote&gt;</description>
		<content:encoded><![CDATA[<p>Hugh and Selise, I would appreciate <a href="http://financialsense.com/fsu/editorials/steer/2004/0907.html" rel="nofollow">your evaluation of the following info and the website on which I found it.  </a></p>
<p>At the end of this <strong>2004</strong> article is found the 8 banking corporations that then [2004] ‘owned’ (shareholders in the private corp)the Federal Reserve.  Note that in 2004 Lehman Bros. Bank of NY was then one of them.</p>
<p>I don’t pretend to understand even half of what is covered in the long article, so would appreciate your (both) input.  Excerpt:</p>
<blockquote><p>These ‘powers that be’…or the ‘money trusts’ as William Jennings Bryan used to call them back in his day…have but one purpose…to destroy democracy (particularly in the United States) and impose one world government on us all. In America, this process began in earnest with the passing of the Federal Reserve Act in 1913…on the day before Christmas.</p>
<p>Jay Taylor has talked about these ‘powers that be’ extensively in his weekly postings at <a href="http://www.gold-eagle.com" rel="nofollow">http://www.gold-eagle.com</a> over the last number of years. Here’s what he had to say back in January…</p>
<p>“So why doesn’t Mr. Greenspan resort to the correct policy?  Does he need a small time newsletter writer like Jay Taylor to tell him how to construct monetary policy?  Hardly.  I think Mr. Greenspan knows entirely what he is doing, which in my view makes him even more culpable for the extreme harm that he is engineering for Americans.  There are credible theories out there that the Federal Reserve bank has been in fact created to serve a few powerful global banking families primarily in England and the U.S. who are in the process of shaping our one-world government, with themselves (of course) in charge. For some insights into what I believe to be well-founded theories, subscribers are encouraged to read “The Creature from Jekyll Island:  A Second Look at the Federal Reserve,” by G. Edward Griffin (also see <a href="http://www.realityzone.com/" rel="nofollow">http://www.realityzone.com/</a> and especially <a href="http://www.freedom-force.org" rel="nofollow">http://www.freedom-force.org</a>)</p>
<p>For confirmation of the views of Ed Griffin, I would also suggest you read “Tragedy &amp; Hope: A History of the World in Our Time,” by Carroll Quigley…who was President Clinton’s history professor at Georgetown. Why would Quigley, who was near the inner sanctum of these ruling elite families, spill the beans on this issue?  Because, in his view, the ruling elite have already become so entrenched in the political and economic fiber of the western world that their power cannot be reversed.</p>
<p>Griffin believes that these ruling elite families don’t care two hoots about America’s Constitution (which may be why it is being violated more and more over time). In fact, some believe these families see economic and/or political chaos as a means of securing more power and even more wealth for themselves. A little war here and there. A little depression now and then and people will be willing to give up their liberty without a fight, to ensure safety by “Big Brother.”</p>
<p>I believe…from a big picture perspective…that may well be part of what is going on with the Federal Reserve policy.  Its policies drive the global economy further and further out of balance and thus ensure an ever more devastating collapse.  And when the collapse comes, helpless citizens will turn ever more willingly toward Big Brother for help and will gladly submit to Big Brother’s conditions in exchange for a morsel of food and clothing.</p>
<p>Nor are the benefits to the ruling elite accruing only in the long term.  Banks create money out of thin air.  Money is the banker’s inventory.  Do you know of any other business that can create its inventory out of thin air and then sell it?  So in the short run, while it is laying the ground work for total control, the banking system continues to shift wealth in its direction by money that is not wealth, but only claims against the wealth…actually created by hard working honest Americans who, like sheep being led to the slaughter, have not a clue about all of this.  In fact Americans are led to believe by CNBC’s Curley and Moe and the Good Hair/Bad Hair guys that the Fed is a not-for-profit government agency acting kindly in favor of all Americans.  So let the good times roll.  Why worry about global trade imbalances or budget deficits that will never be paid, or rising bankruptcies even in an environment of low interest rates?  End.</p>
<p>The Fed…a ‘not-for-profit’ agency of the U.S. government?  I don’t think so, sports fans.  Sir Alan [Greenspan] and his ‘merry men’ are all appointees…a front for the real owners.  The Federal Reserve is a private company (a banking cartel) owned by eight banks…only four of which are American, the rest are European or British.  You’ll find the Federal Reserve Corporation in the white pages of the New York phone book…just like you would American Airlines or McDonalds…not under U.S. government agencies.   Here are the card-carrying shareholders in the Federal Reserve Corporation…</p>
<p>Rothschild Banks of London and Berlin<br />
Lazard Brothers Bank of Paris<br />
Israel Moses Sieff Banks of Italy<br />
Warburg Bank of Hamburg and Amsterdam<br />
Lehman Brothers Bank of New York<br />
Kuhn Loeb Bank of New York<br />
Chase Manhattan Bank of New York<br />
Goldman Sachs Bank of New York</p>
<p>With that out of the way, let’s see what else Jay Taylor has to say about this one world government and the New World Order…this in March…[2004]</p>
</blockquote>
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		<title>By: MarkH</title>
		<link>http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844336</link>
		<dc:creator>MarkH</dc:creator>
		<pubDate>Sat, 28 Feb 2009 04:55:21 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844336</guid>
		<description>&lt;blockquote&gt;&lt;p&gt;
What does a capitalistic economy that does not depend on continuous “growth”, increasing production/consumption, look like?&lt;/p&gt;
&lt;p&gt;We will be decreasing consumption, peak oil, global warming, etc. require it.&lt;/p&gt;
&lt;p&gt;Is it too far out of the box to contemplate sensibly?
&lt;/p&gt;&lt;/blockquote&gt;
&lt;p&gt;Not at all. I think you’re asking some very important questions here. Probably the first thing we’ll have to reconsider, when it comes to analyzing an economy, is whether GDP and unemployment are really all that important compared to the gap in wealth and the weakest economic indicator in your set or overall system productivity around the globe. In the Reagan and Bush II years we saw the ordinary Joe getting hammered while the uber-Rich made out like bandits. Clearly we were being sold a bill of goods about how great things were (or would soon be).&lt;/p&gt;
&lt;p&gt;A better set of metrics is important.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<blockquote><p>
What does a capitalistic economy that does not depend on continuous “growth”, increasing production/consumption, look like?</p>
<p>We will be decreasing consumption, peak oil, global warming, etc. require it.</p>
<p>Is it too far out of the box to contemplate sensibly?
</p>
</blockquote>
<p>Not at all. I think you’re asking some very important questions here. Probably the first thing we’ll have to reconsider, when it comes to analyzing an economy, is whether GDP and unemployment are really all that important compared to the gap in wealth and the weakest economic indicator in your set or overall system productivity around the globe. In the Reagan and Bush II years we saw the ordinary Joe getting hammered while the uber-Rich made out like bandits. Clearly we were being sold a bill of goods about how great things were (or would soon be).</p>
<p>A better set of metrics is important.</p>
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		<title>By: MarkH</title>
		<link>http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844323</link>
		<dc:creator>MarkH</dc:creator>
		<pubDate>Sat, 28 Feb 2009 04:46:31 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844323</guid>
		<description>&lt;blockquote&gt;&lt;p&gt;so, what do we do while we wait for things not to get better?&lt;/p&gt;&lt;/blockquote&gt;
&lt;p&gt;Laugh at the pathetic incompetent Republicans and pray we do a little better than they did.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<blockquote><p>so, what do we do while we wait for things not to get better?</p>
</blockquote>
<p>Laugh at the pathetic incompetent Republicans and pray we do a little better than they did.</p>
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		<title>By: selise</title>
		<link>http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844148</link>
		<dc:creator>selise</dc:creator>
		<pubDate>Sat, 28 Feb 2009 00:45:05 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844148</guid>
		<description>&lt;p&gt;greenspan too.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>greenspan too.</p>
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		<title>By: Synoia</title>
		<link>http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844141</link>
		<dc:creator>Synoia</dc:creator>
		<pubDate>Sat, 28 Feb 2009 00:36:22 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844141</guid>
		<description>&lt;p&gt;malkin: “Tea Party photo album: Fiscal responsibility is the new counterculture”&lt;/p&gt;
&lt;p&gt;And then pictures from San Diego, Capital of Defense Pork. Do these people realize they are the embodiment of poor fiscal behavior? F22s to fight no-one, Star wars, more nukes than can destroy the planet, 50% of the world’s defense spending, and all totally ineffective against a bunch of people melting copper and extracting explosive from a shell and taking out a $150,000 vehicle, with $25 of parts?&lt;/p&gt;
&lt;p&gt;Do these San Diegans have no understanding of how we got here, and their part in this?&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>malkin: “Tea Party photo album: Fiscal responsibility is the new counterculture”</p>
<p>And then pictures from San Diego, Capital of Defense Pork. Do these people realize they are the embodiment of poor fiscal behavior? F22s to fight no-one, Star wars, more nukes than can destroy the planet, 50% of the world’s defense spending, and all totally ineffective against a bunch of people melting copper and extracting explosive from a shell and taking out a $150,000 vehicle, with $25 of parts?</p>
<p>Do these San Diegans have no understanding of how we got here, and their part in this?</p>
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		<title>By: joelmael</title>
		<link>http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844123</link>
		<dc:creator>joelmael</dc:creator>
		<pubDate>Sat, 28 Feb 2009 00:18:26 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844123</guid>
		<description>&lt;p&gt;Oops,  I was thinking of the period just after the war, not 1935 when I was born.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Oops,  I was thinking of the period just after the war, not 1935 when I was born.</p>
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		<title>By: joelmael</title>
		<link>http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844120</link>
		<dc:creator>joelmael</dc:creator>
		<pubDate>Sat, 28 Feb 2009 00:15:56 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844120</guid>
		<description>&lt;p&gt;When I was born US population was under 140 million but there was much less stuff, much less stuff had to be continuously purchased.  with our good working class income we didn’t lack for much and neither did our neighbors.  The products we used, it seems to me could be produced today with a two day work week.  I am just guessing about that but I would say our house contained about 80 Percent less content by weight.  &lt;/p&gt;
&lt;p&gt;The irony is awful, if we cut back consumption to what we can expect to maintain long term, the economy crashes, unemployment soars.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>When I was born US population was under 140 million but there was much less stuff, much less stuff had to be continuously purchased.  with our good working class income we didn’t lack for much and neither did our neighbors.  The products we used, it seems to me could be produced today with a two day work week.  I am just guessing about that but I would say our house contained about 80 Percent less content by weight.  </p>
<p>The irony is awful, if we cut back consumption to what we can expect to maintain long term, the economy crashes, unemployment soars.</p>
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		<title>By: Hugh</title>
		<link>http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844107</link>
		<dc:creator>Hugh</dc:creator>
		<pubDate>Sat, 28 Feb 2009 00:04:46 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844107</guid>
		<description>&lt;p&gt;Err, yes. LOL.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Err, yes. LOL.</p>
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		<title>By: Hugh</title>
		<link>http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844105</link>
		<dc:creator>Hugh</dc:creator>
		<pubDate>Sat, 28 Feb 2009 00:04:24 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2009/02/27/the-era-of-complaceny-is-over/#comment-1844105</guid>
		<description>&lt;p&gt;Well, for one thing it needs to have a smaller population. Consumption of energy and resources and pollution footprint need to be kept in equilibrium with population and level of lifestyle.  This would likely mean a population not of 300+ million but 50-75 million.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Well, for one thing it needs to have a smaller population. Consumption of energy and resources and pollution footprint need to be kept in equilibrium with population and level of lifestyle.  This would likely mean a population not of 300+ million but 50-75 million.</p>
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