Financial Conspiracy Theory

[mushmouth]

Lots of really bad things happening in the financial world right now and as Morgan Stanley becomes the latest to ship a big chunk of its ownership off to China it got me thinking about what's happenning and how it has come to pass.

Of course, this type of thinking can infest ones brain with ideas of those in the world with ulterior intentions. I was thinking of the recent purchases by sovereign funds like Abu Dhabi and China's and I can't help to think the current scenario may have been forseeable to those wanting to shift the global basis of power over the long term.

It is consistently written that the Chinese think in the long term. Long term meaning decades and longer, not years like most Americans believe the long term to be. Much has also been written about the Chinese becoming the second largest holder of U.S. Treasuries. Many conspiracy theorists believed the Chinese would begin diversifying their treasury holdings as the U.S. dollar continued to fall.

But I have a different thought; perhaps the Chinese and other large holders/acquirers of U.S. debt have been happily purchasing treasury securities and financing our wars, because they understood that over the long term, lower yields in the U.S. would be our downfall, or at least make our seemingly most valuable or influential companies need their assistance.

The thought goes like this: The Chinese understand our nation's greed. They have increasingly been feeding it with cheap consumer goods for a long time. Historically low interest rates (averge 90-day T-bill rate of 3.97% since 1997)have been kept artificially low by a few methods, 1) Demand for available yields from foreign countries (if noone buys our debt at current rates, we couldn't keep rates so low) 2) We exported our monetary inflation to foreign nations. Essentially this was done by purchasing cheaper goods from overseas producers in mass quantities. Global trade allowed prices of goods tracked by inflation indices to remain relatively tame, while those items stripped out of inflation gauges, like energy prices for example, were directly showing the effects of global shipping of these "cheap" goods. Low inflation gaugues allow real interest rates to appear lower than they should be and ulitmately keep US$ borrowing rates relatively low.

So the Chinese and other nations are happily accepting our $$ for cheap goods, expensive oil and other commodities, etc., meanwhile watching our greed manifest itself with the overleveraging of individuals, corporations, etc. When the lending institutions who fed this greed finally are forced to realize it's been over done, all they can do to stay solvent (protect their reserve balances) is to sell large pieces of themselves to the Chinese, Middle East and Singaporeans who have been sitting back and accepting 4-6% interest for years waiting...waiting...waiting for us to destroy ourselves.

...or not.

So, what has been giving you cheap thrills?

[4matic]

from the 1974 movie Network. Nothing has changed:

http://www.americanrhetoric.com/Movi...hnetwork4.html

You have meddled with the primal forces of nature, Mr. Beale, and I won't have it!! Is that clear?! You think you've merely stopped a business deal. That is not the case. The Arabs have taken billions of dollars out of this country, and now they must put it back! It is ebb and flow, tidal gravity! It is ecological balance!

You are an old man who thinks in terms of nations and peoples. There are no nations. There are no peoples. There are no Russians. There are no Arabs. There are no third worlds. There is no West. There is only one holistic system of systems, one vast and immane, interwoven, interacting, multivariate, multi-national dominion of dollars. Petro-dollars, electro-dollars, multi-dollars, Reichmarks, rins, rubles, pounds, and shekels.

It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today. That is the atomic and subatomic and galactic structure of things today! And YOU have meddled with the primal forces of nature, and YOU WILL ATONE!

[Stu Gotz]

Oh the irony. Unfettered capitalism is turning America into Communist China's jailhouse bitch.

Todd Harrison of Minyanville has been ringing this bell for a bit.

http://www.minyanville.com/articles/.../index/a/12913

[Buster Highmen]

The Trilateral Commission, World Bank, Council on Foriegn Relations, the usual stuff.

http://carpenoctem.tv/cons/nwo.html

[OldLarry]

You forgot English Pounds and Eskimo Pence...

[OldLarry]

Sorry to hijack, but do love this song, facking brilliant:

Ring! Ring! It's 7:00 A.M.!
Move y'self to go again
Cold water in the face
Brings you back to this awful place
Knuckle merchants and you bankers, too
Must get up an' learn those rules
Weather man and the crazy chief
One says sun and one says sleet
A.M., the F.M. the P.M. too
Churning out that boogaloo
Gets you up and gets you out
But how long can you keep it up?
Gimme Honda, Gimme Sony
So cheap and real phony
Hong Kong dollars and Indian cents
English pounds and Eskimo pence


You lot! What?
Don't stop! Give it all you got!
You lot! What?
Don't stop! Yeah!


Working for a rise, better my station
Take my baby to sophistication
She's seen the ads, she thinks it's nice
Better work hard - I seen the price
Never mind that it's time for the bus
We got to work - an' you're one of us
Clocks go slow in a place of work
Minutes drag and the hours jerk


"When can I tell 'em wot I do?
In a second, maaan...oright Chuck!"


Wave bub-bub-bub-bye to the boss
It's our profit, it's his loss
But anyway lunch bells ring
Take one hour and do your thanng!
Cheeesboiger!


What do we have for entertainment?
Cops kickin' Gypsies on the pavement
Now the news - snap to attention!
The lunar landing of the dentist convention
Italian mobster shoots a lobster
Seafood restaurant gets out of hand
A car in the fridge
Or a fridge in the car?
Like cowboys do - in T.V. land


You lot! What? Don't stop. Huh?


So get back to work an' sweat some more
The sun will sink an' we'll get out the door
It's no good for man to work in cages
Hits the town, he drinks his wages
You're frettin', you're sweatin'
But did you notice you ain't gettin'?
Don't you ever stop long enough to start?
To take your car outta that gear
Don't you ever stop long enough to start?
To get your car outta that gear
Karlo Marx and Fredrich Engels
Came to the checkout at the 7-11
Marx was skint - but he had sense
Engels lent him the necessary pence


What have we got? Yeh-o, magnificence!!


Luther King and Mahatma Gandhi
Went to the park to check on the game
But they was murdered by the other team
Who went on to win 50-nil
You can be true, you can be false
You be given the same reward
Socrates and Milhous Nixon
Both went the same way - through the kitchen
Plato the Greek or Rin Tin Tin
Who's more famous to the billion millions?
News Flash: Vacuum Cleaner Sucks Up Budgie
Oooohh...bub-bye


Magnificence!!


FUCKING LONG, INNIT?


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[mushmouth]

When I see a song beginning with "Ring, Ring" I instantly think its the banana-phone calling.