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Sep 18, 2008

Lehman Brothers crisis - of 1984

Update November 19, 2019: Its link is now dead so I've removed a link that had led to an article by Sam Marcy, explaining the root cause of the Lehman Brothers crisis - of 1984.

Reaganites thought that the 'capitalist recovery' would save them if they could hang on until after the election in spite of Middle East adventurism, war in Central America, and other nefarious US dealings in the world.

Democrats were emphasizing the federal deficit and high interest rates - meanwhile 11 million Americans were unemployed with as many more partially unemployed. Sound familiar yet?

Sam Marcy's article was from April 26, 1984 and details David Rockefeller's Trilateral Commission as it was warmly greeted by its previous opponent, Ronald Reagan, when they met in Washington DC just before the article was written.

If it were available you cold read how Mr. Marcy refers to the Trilateralists as "this supernationalist body of imperialist politicians, bankers, and industrialists." He goes on, "Never was interest in the state of the economy as high as it is now. Never before were all the lines between Wall Street and Washington so intimately tied together."

Well, they became more intimate, as we know.

And with the upcoming transit of restrictive Saturn to America's natal Neptune in 9th house of Philosophy (the 'grim reality' transit) it popped out on the page when I read Marcy's statement that, "Beneath the aura of optimism, there suddenly comes like a flood of light, the grim reality of the state of the capitalist system. This happened just last week when one of the most powerful investment and banking combines in this country - the 134-year-old Lehman Brothers, Kuhn-Loeb - was forced to sell out to an even larger financial octopus, the mammoth Shearson-American Express."

This sent a "quake through the entire structure of finance capital," says Marcy.

Now it's 24 years later - two Jupiter cycle$ - and the recovery of the 90s now reveals capitalism's instability in the New Millennium as we contemplate Naomi Klein's The Shock Doctrine: The Rise of Disaster Capitalism which tells the tale even more starkly and from a later perspective, of course.

Now here's the Who Rules the World list which you may have seen before - this version is from Robert Hieronimus' book,
Founding Fathers, Secret Societies, and I shall post it in reverse order with the base first.

These are said to be represented by the 13-step pyramid with the all-seeing eye at apex on the back of a dollar bill:

13. Secret Societies (such as: Illuminati, Rosicrucians, and Freemasons)

12. Communism, Socialism, and all isms (the most visible aspect of the apparatus)

11. Income and Estate Taxes

10. Tax-free Foundations

9. SEATO, NATO and other front alliances

8. Common Market, Atlantic Union

7. United Nations

6. Federal Reserve System and other central banks

5. UN banking complex

4. Council on Foreign Relations

3. Business Advisory Council

2. Bilderbergers

1. Political Zionism

Apex: International Monetary Fund

The Fed flooded the world with money this morning beginning at 3:00 am Eastern Time (when markets open overseas) but last I heard, no one was much impressed.

Update 3.14.10: 2009 was the year of the Great Conjunction/s of Jupiter and Neptune, the inflationary duo of grand schemes and bubbles, with their last hook-up in December 2009 conjunct US natal Moon = little sense of reality; tendency to dream. We've been had, folks.

Excess liquidity is part of the reason we're in the mess we're in so now we're swimming in deeper waters as Republican candidate John McCain hopes the newly proposed "trust" will get him through the November election - similar to the Republican optimism of 1984.

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