Recession: Why wolf needs to crunch Europe

by Wendell W Solomons

Iraq was torn apart at the joints. Network media cited weapons of mass destruction in Iraq and the WMD story was left to simmer for months in the world's consciousness.

If it was a genocidal trap - former President George W. Bush and his associates are at large. Speaking of trigger events, this saga unfolded when J. F. Kennedy became US President and started to close fences to curb the wolf. The final shots in the 1962 Kennedy case suggest who was in the act.

The revolver bullets were fired point-blank at Lee Harvey Oswald by Jacob Rubenstein (media called him `Jack Ruby' his code name in the syndicate of Meyer Lansky and Moe Dalitz operating for a time from the `Stardust Casino' of Las Vegas.) When President Kennedy was lost, someone went onwards in 1964 to run Barry Goldwater for President with Milton Friedman as his economics advisor. However, journalists, even parting with their lives, reported that Goldwater and his brother enjoyed cordial ties with the same crime syndicate that had entered Las Vegas from Chicago. So it was later, in 1976, in the shadow of President Ronald Reagan that Milton Friedman climbed out of the University of Chicago (founded by the Citibank Rockefeller family) and into an executive saddle. There he began his gallop with the banner "Free to Choose". He was destroying the fences that protect the sheep. No market or legal regulation must hold up big money.

The financial wolf was left free to choose. Besides the wolf, fly-by-nights assumed that a field day had arrived. Matters simply went haywire then. As John Lennon observed, Life is what happens while you are making plans.

Undo all regulations that protect the sheep? In Sri Lanka, the message registered with President J. R. Jayewardene.

He drew out a 19th Century US notion. He is quoted on the Net as follows, "Let the robber barons come in!"

That was clever simulation (who takes the king's shilling must pretend to do the king's bidding.) After 25-years of climbing to the top in his own party, he anticipated adequate local calls from home for handouts. His Tudugalla clan would call to pick up cheques for a big cash cow, the just-launched, Mahaveli river, reservoir building scheme and so would political lieutenants and sergeants who helped him climb (specialist firms would work on the capital-intensive construction.) Jayewardene described himself in ASIAWEEK magazine with an analogy: `I climbed the winding staircase to the top and did not fall off'. His role in the party enlarged with a 1952 brief provided by finance capital ace John Foster Dulles to orate at a peace conference San Francisco.

Mind game

The "Free to Choose" mind game had placed citizens on individually chosen `free' islands like Robinson Crusoe. A translation? "Roll your own joint".

Because these were isolated islands in the mind game, each inhabitant would be "insulated". Ostensibly only Tamil-speaking people would suffer. I remember the smiles of fulfillment after the 25th July 1983 burning of Tamil homes. Ostensibly, the evil influence (Apalaya) had been dispelled by the burnings. Yet, this syndrome carried on leaving us ALL victims, bewailing the arrival of civil war, the rending of social fabric and the loss of media freedoms.

With all the secondary, opportunist bacteria that infect and complicate the social wound in Sri Lanka, the mind game - unrecalled to factory during three decades by Milton Friedman and his Chicago Boys - makes people continue to live like Robinson Crusoe on independent islands. As in many other countries, the islanders can't make out the wolf who has been gnawing at their society and nation while painting itself as ‘the engine of progress.

Unipolar world

Sent by Wall Street business, the engine of progress par excellence, Secretary of State Hillary Clinton set aside the US medal awarded to the Dalai Lama to fly to Beijing. Summing up on her results in the People's Republic of China, Ms Clinton declared to Beijing on February 22nd, 2009, "We are in the same boat and, thankfully, we are rowing in the same direction."

In translation: The wolf now wants to keep China's saving of $ 1 trillion from conversion to euro currency. A conversion of that volume to euro would depress the dollar severely.

Making an ally of China now figures as a post-Olympic leap to crumple competition from the euro. Does it matter that the European Union, erstwhile an ally, will be torn apart at the limbs during financial engineering like the 15 republics of the 324 million population USSR?

Pakistan encounters bewildering problems including supporting refugees after the American leap into Afghanistan with allies, some to be erstwhile.

A Pakistani newspaper reported on the Net about a notable event:

BEIJING: Chinese Prime Minister Wen Jiabao spoke by telephone with his Russian opposite number Vladimir Putin and had what state media described as an "in-depth exchanges of views", Thursday [on February 19, just before the Clinton statement!]

Out in Western Eurasia, German Chancellor Angela Merkel knows Vladimir Putin only too well. German-speaking, he served early in Bonn as a diplomat.

To tie all this up briefly, the shepherd that might protect the world from the Wall Street-London financial axis may derive physical strength from a Bonn-Moscow-Beijing axis.

Angela Merke was raised in the centrally planned GDR and knows that China still uses physical planning (milk, sugar, flour, steel, cement, electricity, transport) while market reforms enhance exports from China. My 3000-word intimation of 28th July 1992 to the World Bank's Chief Economist on the impending disjointing of Russia as opposed to China's step-by-step reform is on the Net .

Financial planners on circus trapeze

(1) While the New York financial planners leap from high trapeze to still riskier one, at ground level China enjoys a safety net of central planning to hold out during the recession. (2) A drought is expected to leave a poor harvest in 2009 and China will import wheat. Yet, its population knows modest living in contrast to 300 million citizens in the US, many now tied into debt through decades of glossy consumer advertising.

East India Company Opium Monopoly Label

Armed through the Constitution with rifles and outnumbering the US army, would they revolt against their money going into the repeated bailing out of private Wall Street?

Constitutionally again, the payouts cannot be kept from Congress and public view. So in all probability it is the smell of gunpowder that made the king-pins of the financial community to place Hillary Clinton on stage for charming Beijing. In the Economic Council in the White House, the man planted at President Obama right hand is a personal protege of 20-year Goldman-Sachs partner Robert Rubin. The Obama Cabinet's finance portfolio has been entrusted to another Wall Street creature who substitutes for Goldman-Sachs' Henry Paulson (who went out with President Bush.)

Now a Canadian penned a comment on the Net: "The USA and China sit in a rubber dingy. China knows when to pull the plug out."

Premier Wen Jiabao used strong language at the Economic Summit in January 2009 in Davos, Switzerland. He left little doubt that Beijing blames globalist financial engineering in the US for the world economic breakdown. "Inappropriate macroeconomic policies," an "unsustainable model of development characterised by prolonged low savings and high consumption," and "the failure of financial supervision" all contributed, he said.

China has never forgotten the forced addiction of its population to opium by the gunboats of the 1-sq-mile financial city of London. In 1773 the London-owned East India Company had obtained a monopoly on opium production and trading in Bengal. Through its Calcutta base, the Company had taxed Bengali farmers into poverty.

The Company then took farmers into cultivating fields of opium poppy. British merchants had already been exporting opium for 50 years to China, where the East India Company purchased tea, silk, porcelain, carved jade, decorated glassware, lacquer ware, furniture, basket ware, decorated metal ware and more to trade elsewhere at profit. China itself needed few foreign products and the company's purchases in China were declared as draining away Britain's silver coin.

The East India Company, claiming to stop the drain of silver coin, responded by using Lord Palmerston to launch the Opium Wars in China.

In the British House of Commons MP William Gladstone proclaimed: "A war more unjust in its origin, a war more calculated to cover this country with permanent disgrace, I do not know." Such sentiments will arise to save the world from the financial planners. Yesterday - the Opium War for access to China. Today - gain China's support for war on the euro?A historical dead-end awaits. The Rubaiyat explains such situations.

"The Moving Finger writes; and, having written

Moves on: nor all your Piety nor Wit

Shall lure it back to cancel half a Line Nor all your Tears wash out a Word of it."