Blackmail Economics

I have never been partial to the phrase blackmail, when historically, it seems like white oligarchs are the ones mainly undertaking such actions and folk the color black aint have no part in defining. But that is another story, and for lack of something new to assist in the accretion of incident promoting a general comity of understanding, blackmail will have to suffice.

Now *I must admit, over the past four years I was troubled by the economic landscape prior to the abyss instituted via the Bush administration, and likewise, suspect of the assertions made by the Obama administration to solve these issues. Even worse is what I see on the side of the GOP that seems to purport that verbose vehemence objecting to any action by any party is what America needs to grow jobs.

My main consternation is that the GOP offers no solutions to solving the problems of the economy or creating jobs and that Obama obviously has no real comprehension of economics. Not that I do, but my layman understanding seems to be advanced placement compared to the house GOP and the present administration. Also is the observation that in order to prove a point, even if it is to get Obama out of the Whitehouse, it seems they will do anything – even black mail. I mean no matter how you look at it saying they will not raise the debt ceiling without spending cuts is extortion.

As the debt ceiling fight continues, Republicans are playing down the effect a default could have on our national economy. Rep. Ron Paul (R-TX), when asked about what would happen if we pass the August 2nd deadline without raising the debt ceiling noted that it could be a “positive thing” because it would show we’re “serious.”

Yes it is serious out here Mr. Paul. This while recent housing and employment data notes we are struggling and may even is close to a double dip recession. Albeit under employed folk like me see the dips melted together for it still feels the same. Not to mention I suspect home prices have much further to fall. The President is not out of the clear either. Just this week he indicated that the US would provide US financial support to bail out Greece. This after he has tripled the US deficit and we have 9.1 percent unemployment.

After a meeting with German Chancellor Angela Merkel, The president said, “I’m confident that Germany’s leadership, along with other key actors in Europe, will help us arrive at a path for Greece to return to growth, for this debt to become more manageable,” Obama said.

“But it’s going to require some patience and some time. And we have pledged to cooperate fully in working through these issues, both on a bilateral basis but also through international and financial institutions like the IMF.”

I find it hard to believe that the Democrats or Republicans, regardless in the House or Pennsylvania Avenue do not see that they are holding the American citizenry hostage. Things are not getting any better for most of us and it will only get worse. Three years ago I wrote an essay describing these times called “Real n the Field.” It is that time.

Just this past Memorial Day weekend, across the nation looked like places in the Middle East. There were reports of serious violence in Miami, New York, Chicago, Charlotte, Myrtle Beach, Nashville and even Boston. In Washington recently a teenager shot her Dad with a hunting bow when he took her cell phone. Approximately, 45.1 percent 4 of all unemployed Americans have been out of work for at least six months. That is a higher percentage than at any point during the Great Depression.

Not to mention that the average price of a gallon of gasoline in the United States was is a little under $4.00 compared to $1.88 in 2009 and the cost of food and energy have risen at an annualized rate of 17 percent over the past six months. According to the World Bank, the global price of food has risen 36% over the past 12 months. And this doesn’t include the problems with floods, natural disasters, droughts, food shortages or our actions abroad. Yea, we are being black mailed by politicians on both side of the aisle and the only thing that makes them different from us is that they are inside the beltway with a direct flight to Wall Street.

If I were a Conspiracy – The French Connection

One thing that ticks me off is the notion of conspiracy theory. Frankly, I do not know what this means. When it is used, it is often in an attempt to vilify another’s radically different use of observation and reason to formulate a tenable answer to some conundrum. In simple terms, a conspiracy is a secret plan or agreement to carry out an illegal or harmful act which is usually grounded in some form of political motivation.


Now, I would ask if any remember reading the Book “The French Connection” by Robin Moore but doing such would only date me. I read the book in the mid 70s, around the time I was in Junior High School and found it fascinating. Based on a true story, eventually it would become a movie about the criminal underworld of the drug trade. It was such a god read. And in this age of internationalism and global economics, it doesn’t seem improbably that a man can be tricked and set up based on personal habits alone.

This week in Manhattan, the Chief of the International Monetary Fund (IMF) Dominique Strauss-Kahn on charges of attempted Rape. Now if you listen to my blog talk radio show, you are aware that I reference the World Bank, IMF and the Federal Reserve Banks frequently; as well as to specific individuals and policy positions. Now as a scientist, I like to produce all possible reasons for an outcome and this entire fiasco holds up red flags.

See Strauss-Kahn aint the typical international big banking mogul rich mutha fuca, no he is the Socialist Party of France leading Presidential candidate. He by many estimates had a great chance to replace Mr. Sarkozy and placing his party back on top of French Politics. But this may be over. It was well known by reading the French dailies like Le’ Figaro or Les echos, it was obvious that he was aware of his hurdles. Less than three weeks ago, Dominique Strauss-Kahn met with two journalists from the daily Libération.

He indicated that the biggest issues he would confront in attempting to become president were “women, money and being Jewish.” Regarding women he said, "Yes I like women, so what?" he asked. "For years, there's been talk of photos of a giant orgy, but I've never seen them come out." He also seemingly prophetically proffered a hypothetical situation of something that could destroy his efforts: "A woman raped in a parking lot who is promised half a million Euros to make up her story."

Now I am not saying that he is guilty or innocent, but the timing, the methods and the circumstances are extremely convenient and coincidental. Not to mention there are a host of folks who would benefit from his being incontinently occupied in the US criminal justice system.

Sarkozy: If you follow French politics or even read an online version of their major papers, it was no secret that the current President was in the market for collecting any information or dirt that could be used to discredit Strauss-Kahn. And given the well sustained notion that he loved the ladies, his affair with an IMF economist (Piroska Nagy) and alleged assault on writer Tristane Banon, fabricating an assault based on past events could be easily accomplished, especially with the resources and connection one gets as President of France. Not to mention no telling what he discussed with President Obama when President Sarkozy and his wife, Carla Bruni-Sarkozy, were having that cozy dinner in the White House last year. It should also be remembered that it was president Obama who helped France assume a more prominent role in NATO’s military command structure.

China, Brazil or Turkey: When we think of the IMF, what is known is that traditionally, the head, just as Mr. Strauss-Kahn is a European. The number two is most always and American. With the increasing wealth and might of once developing nations like China and Brazil, the pressure has been growing for the next leader to be from one of these emerging market economies. And as with Sarkozy, with the resources and connections as the above have economically, anything is possible. Lipsky, the American in the number two spot has indicated that he planned to leave the IMF before the year is out meaning, both the top two positions may be open. We must recall that it was earlier this year when the IMF via the number 2 man John Lipsky said that China, Brazil and other fast-growing nations were “growing too fast.” Brazil and some other nations in return raised taxes on foreign investors attempting to slow inflows of investment money and ward off inflationary pressures. This position was reiterated last week by IMF Western Hemisphere Department deputy director Miguel Savastano. No doubt anyone of these nations would love to see Mr. Strauss-Kahn out of the way.

JP Morgan: Now JP Morgan is a metaphor for US banking interest and can stand to represent Goldman Sachs or Merrill Lynch as well. As I noted prior, the number two is an American and the current Yankee in this position if former JP Morgan banker and US Treasury executive John Lipsky. Like I said, Lipsky said he was leaving, but if he doesn’t he may move up front and have his fingers on the bailouts established by Strauss-Khan for Greece, Ireland and Portugal. Many in America thought that Strauss-Khan showed too much favoritism to Greece. Maybe some big bankers on Wall Street hoped that the arrest of Strauss-Kahn would derail the current austerity approaches the IMF has implemented across Europe. We know where the American banking Industry and Wall Street stand – neither has ever said anything complimentary of the IMF’s bailout, especially related to Greece. Just last week The Wall Street Journal reported that a new $86.1 billion bailout from the European Union and the IMF would be given to the Greek to continue assisting in the nations efforts to restructure its debts.

In summary, all I am saying is that this has the potential to be one of the biggest political gadfly’s ever. The entire world of global finance and French politics were aware of Strauss-Kahn's weakness – his affinity for women. Strauss-Kahn denies the charges. Truth is in France both consensual extramarital sex and having a mistress isn’t big news. But I do know that this is all too easy with the facts thus far which are:

• A Woman who said Mr. Strauss-Kahn sexually assaulted him selected him
  Out of a line up.
• The alleged victim, a 32 year-old African Immigrant was led out of
  Police headquarters with a blanket over her head
• Mr. Strauss-Kahn called to see if he left his cell phone (which he had not)
• Police coached person taking the call and instructed them to falsely
  State that his phone was indeed at the Sofitel.
• All involved were coached by police, workers of the Sofitel
  

Now Im just thinking outloud, with shows like NCSI and criminal Minds on televison, who am I to say a set up, based on a well documented history of behavior by a one Dominique Strauss-kahn could not be accomplished. I mean any maid, if they were in his room, has acess to DNA if he was or was not in the rom at the time. It is just as easy for a woman to swipe hairs off of the sink, floor, or lay in the bed or even take semen from a condom in a garbage can. Now I offered a few folk who may be interested in a frame up of dude, but more importantly, Im saying I find all of this dificult to believe - I have seen the true life shows where one hair with DNA can send a man to jail for life, even if innocent. Again connubial issues aside, this just don’t seem right – I’m just saying.