Friday, September 26, 2008
German Minister: US Over as Financial Superpower
Posted by Yves Smith at 1:01 AM
In the U.S., the media often portray the current German government as "conservative"; however, that is conservative by German standards, which is far from the typical notion of U.S. conservatism. A quick read of the article linked above will bear this out. It is worth the read.
This is all peripheral though to what is really going on. What is really going on is people are ruining each other. It's dog-eat-dog economics. Those who control the central banks pull the strings. They set this whole thing up and then pulled the strings. Now they are buying up, or more correctly, being handed greater and greater, market share at the expense of the middle class and common workers.
This isn't about the Anglo-Saxons versus the Germans and/or French, etc. The string pullers control the global economy. They have a controlling interest is the way to put it in their terms. They control the currencies from their private banks including in Germany and France. The movement of money is their domain, and it's beyond the control of ostensible governments. They move money privately and in ways designed to be untraceable no matter what. They move the money and then wipe the tracks so clean that they can't even retrace their own footsteps.
The people who are supposedly sovereign in the democracies aren't the sovereigns. The plutocrats are the sovereigns who are just letting the people, the masses, falsely imagine now for generations that they, the people, are sovereign. The greediest of the greedy (the most selfish of the selfish) are the sovereigns. What they decide behind closed doors counts more than a billion fold any vote the people ever cast in their democratic elections.
You will never beat these plutocrats so long as selfishness is the basis of the economic system. The only way to win is by changing the system to one of unselfishness. Then everyone will actually be winners, even the plutocrats will truly be better off.