Home >> United States & Canada >> Economics & Trade  Email  Print Let's Dream of Financial Ruin Mike Spaniola - 6/13/2009 Clues to the nation’s financial debacle are buried deep in the dustbin of history as the body politics most responsible for today’s money mess safeguard their sleights of hand as closely as any magician.
In 1919, British economist John Maynard Keynes observed: “[Vladimir] Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. … Lenin certainly was right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million can diagnose.” [1]
China’s dominance on the economic landscape is no coincidence. Since 1922, successive Communist International Party Congresses had announced to the world their determination to destroy all capitalistic countries, including America. A big part of that strategy was to conquer China, accomplished through massive propaganda stateside following World War II. In How The Far East Was Lost, Anthony Kubek notes that at that time “[v]arious statements and actions by responsible American officials indicated that at least some officials in our Department of State intentionally aided the Communist movement in the Far East.” Kubek notes that some individuals were motivated by visions of a one-world government “bought by unlimited appeasement of international Communism, and made possible by the erection of Marxist regimes everywhere.” [2]
Critics of this emerging, yet covert, U.S. Far East policy included Sen. William F. Knowland (R-Calif.), who remarked at the time that “appeasement, then as now, is but surrender on the installment plan.” [3]
John F. Kennedy (D-Mass.) said in a speech in early 1949, “Our relationship with China since the end of the Second World War has been a tragic one … The continued insistence that aid would not be forthcoming unless a coalition government with the Communists was formed, was a crippling blow to the National Government. … This is the tragic story of China whose freedom we once fought to preserve. What our young men had saved, our diplomats and our President have frittered away.” [4]
In the 1950s, Marxists developed a strategy based on “state capitalism,” viewing that period as “the transitional epoch, a period transitional between capitalism and socialism, a period of hybrids and contradictions, wars and revolutions.” [5] These forces set about creating a dysfunctional socioeconomic climate within the United States, establishing two major beachheads in the early ‘60s – feminism and environmentalism – with Betty Freidan’s Feminine Mystique and Rachel Carson’s Silent Spring. Both books escaped much needed scrutiny to be promoted instead by politically like-minded members of media and academia.
“When the state attempts to establish, as the official national creed, a crudely utilitarian ethic based on a distorted notion of freedom as radical individual autonomy, the free economy is in serious trouble. So is the democratic polity,” wrote scholar George Weigel, a Senior Fellow of the Ethics and Public Policy Center. [6]
Recent TV ads for Washington Mutual reduced the Founding Father’s last name to a guttural contraction: WaMu. In Karla Marx: How Feminism Has Seduced The West, Marshall R. Goodman noted the ads portrayed financial industry executives as “dull-witted, greedy old white male bankers.” The company defended the ads, “claiming to ‘champion the needs of the consumer. … At Washington Mutual, we recognize that today’s banking profession is diverse in terms of race, age and gender as is our company’s workforce.’” WaMu’s market value would soon plunge, and the company was sold for pennies on the dollar. Goodman notes, “World-class financial standards developed over a century by ‘old-fashioned, stodgy bankers’ were set aside with purpose and malice in a matter of years by WaMu’s New Age workforce.” [7]
Today, U.N. General Assembly President Miguel d’Escoto promotes global economic governance. Born in Los Angeles in 1933, d’Escoto spent his childhood years in Nicaragua. At the time of his U.N. appointment, he was foreign minister to Nicaraguan President Daniel Ortega and a member of the highest governing body of the Sandinista National Liberation Front. An advocate of Marxist liberation theology, d’Escoto received the International Lenin Peace Prize from the Soviet Union in 1985. [8]
President Barack Obama attempts to hide his tracks alongside the footprints of Marx and Lenin but his claimed authorship of Dreams From My Father highlights Communist Party USA member Frank Marshall Davis. “The record shows that Obama was in Hawaii from 1971-1979, where, at some point in time, he developed a close relationship, almost like a son, with Davis, listening to his ‘poetry’ and getting advice on his career path. But Obama, in his book, refers to him repeatedly as just ‘Frank.’” [9]
Gen. Douglas MacArthur, who led WWII military operations in the Pacific, later described America’s China policy as one of the worst diplomacy mistakes in the past 100 years. Today, MacArthur would surely annotate that with 100 years and counting.
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