53 lines
3.0 KiB
Plaintext
53 lines
3.0 KiB
Plaintext
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What Is Happening to the Economy?
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Since only the most "religious" readers of the Project are likely to
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remember our economic analysis of Summer 1988 (Volume V, Number 3), we
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will review:
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In spite of Reaganite propaganda to the contrary, we have been in a
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depression since the Volker engineered interest rate spike in 1979 (20%
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plus) that brought the "post WWII" economic prosperity to an end exactly
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50 years after "1929" in true Kondratief 50 year cycle fashion. This
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primary fact is veiled from most analysts, even Kondratief analysts, by
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the monetary mechanics of the Post WWII welfare/warfare state. The
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built-in stabilizer of monetizing a wasteful budget deficit prevents the
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classic crash that resulted in 30% unemployment in the 30's and
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substitutes a "real goods" depression in which increasingly worker
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grinding, labor intensive economic activity persists as the new money
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flows into the economy, but real wages and living standards (adjusted for
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inflation) slip lower and lower. Workers either scramble frantically for
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less and less or leave the work force and find a subsistence in the
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welfare end or fade away in crime, prison, or other forms of degradation.
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After setting the preceding Kondratief scenario (driven by a 50
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generational cycle within the conspiracy itself), we predicted a new
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long-wave expansion (not prosperity in the old sense) based on issuing
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money through a World Conservation Bank which would hold wilderness areas
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and other natural resources off the market as collateral. We did not
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predict true prosperity, but only an increasing tempo of grinding labor
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intensive activity as the populace is denied access to reasonably priced
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natural resources under the guise of "environmentalism."
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Our error in 1988 was in suggesting (hoping?) that we were perhaps
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already at the bottom of the cycle. Unfortunately, it is now clear that
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we were not. This may be the bottom now or an even worse bottom may occur
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within a year or two! However, it now appears that in spite of
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Bush-Congressional pig- headedness regarding the budget deficit and
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Federal Reserve foot dragging, the debt monetization is now proceeding
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full blast and will check the economy's free fall soon in preparation for
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the predicted, "environmentally sound" World Conservation Bank
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monetization of untapped world resources, in particular, the Amazon,
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Africa, Siberia, Asia, etc.
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Bush's repudiation of Reagan-Conservative-Vatican economic growth
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and concurrence in the shocking "bottoming out" the economy that could
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very well cost him his second term can only be another example of his
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Anglophile "Skull and Bones" roots taking precedence over his personal
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ambitions. We can expect Bush to systematically repudiate the temporary
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Vatican-Conservative alliance that brought him to power as he moves back
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to Rockefeller-Republican positions. The final straw will be when he
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moves to support abortion, probably only if he is elected for his second
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term.
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