132 lines
6.3 KiB
Plaintext
132 lines
6.3 KiB
Plaintext
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Conspiracy Nation -- Vol. 10 Num. 37
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=======================================
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("Quid coniuratio est?")
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BUBBLE ABOUT TO BURST?
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======================
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Beware When "News" Programs Get Boring
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In the book, *Extraordinary Popular Delusions and the Madness of
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Crowds*, past financial bubbles -- the Tulip Craze and the South
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Sea Land Bubble -- are outlined. The current financial craze --
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derivatives and "irrational exuberance" in the stock market -- is
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nothing new. It too will end, just as past financial lunacies
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have ended, with the bubble bursting and tremendous financial
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loss.
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Concurrent with the growing financial bubble of the past 20 or so
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years has been a "reality bubble," personified by the "political
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correctness" movement. Crazy ideas are browbeaten into the
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public mind, and disturbing (to the reality bubble) truths wander
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outcast, exiled from mass media outlets. But the bursting of the
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financial bubble is a cloud with a silver lining: concurrent
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with economic collapse, "political correctness" will wither away.
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"The sky is falling. The sky is falling." Lyndon LaRouche and
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his worshippers have chanted their mantra of doom for years. But
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sooner or later, the odds favor that they will be correct. The
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current issue of New Federalist (3/24/97) points to now as being
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that time.
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Beware when mass media "news" gets too boring: at such times, we
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know that a lot is cooking beneath the surface.
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ITEM: Federal Reserve Chairman Greenspan has called surreal
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stock market highs irrationally exuberant. It now looks like the
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Fed is about to raise interest rates. Does Greenspan's wife, NBC
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newsperson Andrea Mitchell know anything? Do you think she'd
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tell us about it?
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ITEM: New Federalist, itself a shaky source belching LaRouchian
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"thought," nonetheless includes quotes from leading European
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newspapers to support its claims of imminent, and even *ongoing*,
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collapse. Quoting from a London Sunday Telegraph (March 16)
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Business Section article, New Federalist sees a larger meaning:
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the very fact that Telegraph *prints* the article is *in*
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*itself* significant. Says Telegraph: "The City's worst
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nightmare, a meltdown provoked by a crisis in derivatives
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markets, suddenly looks less like a lurid chapter from a
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paperback, and more like a future event." To this, New
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Federalist adds,
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The significance of the Sunday Telegraph story, and of the
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same paper's March 9 warning of the "$55 Trillion Horror
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Story," lies not in the articles' texts, but in the fact of
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their publication.
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LaRouche, in a feature in last week's EIR magazine (March
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21), observed that the Sunday Telegraph's publication of
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the March 9 story "reflects a radical phase-shift in both
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the international financial situation, and also the
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political situation."
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ITEM: New Federalist quotes "a senior British media official" as
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saying, "My reading is that something very big is about to
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happen."
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ITEM: Donald Gordon, head of international insurance giant
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Liberty Life, warns of "dramatic casualties," and adds that Wall
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Street "will be at the center of the readjustment."
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ITEM: Congressman Bob Barr (R-Ga) wants to impeach *both* Bill
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Clinton and Al Gore. In his column, "Inside Washington," London
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Sunday Times Washington correspondent James Adams writes that
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Barr's going public with the impeachment idea "represents a
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significant escalation." Barr reportedly has initiated formal
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preparation of articles of impeachment.
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ITEM: Says Congressman Henry Hyde (R-Ill), "We are studying the
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law of impeachment, the procedures of impeachment... we'll be
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ready when the time comes." When will "the time" come? When the
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financial bubble bursts and millions of usually insensate
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Americans discover that they are furious about it?
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ITEM: Credit card delinquencies in the U.S. are at record levels
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-- highest since 1973, when records were first kept by the
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American Bankers Association. Have you noticed lately how banks
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have been *begging* you to please, please sign onto their Visa
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and Mastercard offers? Can you say, "Pyramid?" Can you say,
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"Debt bubble?" In eleven years, credit card debt held by U.S.
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households has quintupled. Can that debt be re-paid, or will it
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be repudiated? What happens if it is repudiated?
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ITEM: For about the past year, the ultra rich have been moving
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their wealth out of financial instruments and into durable goods.
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Do they know something?
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So you, you turn on the evening news and what do you see? You
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see Doctor Quack soothingly and handsomely giving his bedside
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manner to ageing housewives. You see a claque of so-called
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"feminists" whining for *yet* *another* pillow to sit on. You
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see Bill Clinton spewing endless vocabulary. Beware when the
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"news" gets boring.
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Views expressed do not necessarily reflect those
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of Conspiracy Nation, nor of its Editor in Chief.
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I encourage distribution of "Conspiracy Nation."
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(1) telnet prairienet.org (2) logon as "visitor" (3) go citcom
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See also: http://www.shout.net/~bigred/cn.html
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See also: ftp.shout.net pub/users/bigred
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Aperi os tuum muto, et causis omnium filiorum qui pertranseunt.
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Aperi os tuum, decerne quod justum est, et judica inopem et
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pauperem. -- Liber Proverbiorum XXXI: 8-9
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