Hotspring 44
11-01-2011, 01:05 AM
<!--><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:Compatibility> <w:BreakWrappedTables/> <w:SnapToGridInCell/> <w:WrapTextWithPunct/> <w:UseAsianBreakRules/> <w:DontGrowAutofit/> </w:Compatibility> <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--><!--><xml> <w:LatentStyles DefLockedState="false" LatentStyleCount="156"> </w:LatentStyles> </xml><![endif]--><!--><object classid="clsid:38481807-CA0E-42D2-BF39-B33AF135CC4D" id=ieooui></object> <style> st1\:*{behavior:url(#ieooui) } </style> <![endif]--><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} </style> <![endif]--> David Corton (I am not sure if I have his last name correct, because two different announcers on the KMUD radio show pronounced it differently): on Wall Street; on KMUD radio archive on October 31 2011 9:00 AM.
If you are interested in having a very enlightening, insightful explanation of why the “99%” are feeling so unjustly treated (because we are) by the “other” “1%”, I highly recommend downloading it to have it for your own reference because it will only be on the KMUD Radio archives until November 28/2011.
<table class="MsoNormalTable" style="width:100.0%;mso-cellspacing:1.5pt" border="0" cellpadding="0" width="100%"> <tbody><tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes"> <td style="width:49.68%;padding:.75pt .75pt .75pt .75pt" valign="top" width="49%"> (KMUD (https://kmud.org/)) Alternative Radio
Monday, October 31, 2011 9:00 am
Play (https://archive.kmud.org/m3u.php?mp3fil=34881) (https://archive.kmud.org/m3u.php?mp3fil=34881),or (https://archive.kmud.org/m3u.php?mp3fil=34881%29,or)
Download (https://archive.kmud.org/mp3/kmud_111031_090000ar.mp3) (https://archive.kmud.org/mp3/kmud_111031_090000ar.mp3)
Total time 0:59:59
</td> <td style="width:49.68%;padding:.75pt .75pt .75pt .75pt" valign="top" width="49%"> [I]“The challenge before us is to navigate the transition to a new economy that supports ecological balance between humans and nature, supports the sharing of Earth's resources to assure every person access to the essentials of a healthy, happy life, and living democracy, to secure the rights and voice of every person in the decisions that shape their lives.
The Main Street economy is the foundation on which to build this new economy”. David Corton
</td> </tr> </tbody></table>
KMUD is having a pledge drive so the actual “lecture” Starts @ approximately 04:50 (four minutes 50 seconds) after that segment starts and intermittently gets interrupted by the KMUD pledge drive. But it's well worth the time to listen to it anyway.
One thing that I really like about it is what David Corton says about The term, ”Capitalism”; it really explains a lot and is powerfully exposing IMHO... ... @ 24:10 (24 minutes 10 seconds), he begins to say
... “Let’s look at the term capitalism. The term was coined in the mid-1800s to refer to an economic and political regime in which ownership and benefits of capital are appropriated by the few to the exclusion of the many through whose labor capital is made productive.”... ... “So this definition, of course, fits Wall Street perfectly; which suggests: [I][surprise]; capitalism and the common good are mutually exclusive”.
He also says things like;
...“do not confuse capitalism with markets, because... ...capitalism strives for monopoly to defeat the corrective mechanisms of the market”... ... “Capitalism, as originally defined, and as we know it is not only antidemocratic, it is also anti-market.”
Then he goes on to say the 2nd most important thing of all [I]as far as I'm concerned; (species survival comes first, of course), about why occupy movement is so important and should take hold worldwide for it to become successful and not to mention the survival of freedom, liberty, and democracy:...
...“In a situation like ours; when the power of big corporations melds with the power of the government, in the service of an authoritarian oligarchy, we have what is technically known as fascism.
...Very important distinction between the ‘market’ and ‘free market’; the ‘free market’ is a code word for an unregulated market; a market without rules; and, a market without rules is a contradiction. Markets must function within a framework of rules or you end up with this concentration of unaccountable power, which destroys the whole concept of ‘market’”.... Anyway, he goes on to say all kinds of things that are spot on as far as I'm concerned.
BTW, for those who have been preaching and/or stating things like; ‘free-market is the best and or only way to correct the bank and Wall Street caused imbalances in the marketplace’ you know, the (Ron Paul) libertarian thing (because I think your hearts are in the right place and there is a reality that you are familiar with regarding the Federal Reserve), as one example, for instance,: (please consider what the speaker has said and meant regarding:
“the ‘free market’ is a code word for an unregulated market” as previously referenced as it specifically related to this)... ... also, please take note of what he says about what he calls “market fundamentalists” in reference to:> starting at 27:27 (27 minutes 27 seconds) and gets interrupted @ 34:26 (34 minutes 27 seconds), then comes back on @ 36:39 (36 minutes 39 seconds).
And also, @ 43:14 (43 minutes 14 seconds); What the speaker says about the money system, the way it is now, and that the Federal Reserve is too secretive and basically has nothing other than binary numbers stored on a computer, somewhere, maybe (he later refers to that as “phantom wealth”)... which is nothing more than a mind game played on humans, because there is no other animal on earth that would or could value digital numbers stored on a computer chip somewhere particularly given the fact that they don't even have access to nor would they consider binary numbers stored on a silicon wafer food, nutrients, water or anything else that would support life, etc.
Anyway, he goes on to say: ...
“Once we wake up from the illusion and recognize the reality, then we can begin to create a system with which money is our servant rather than our master.
Those who benefit from the creation of phantom wealth may never realize that their gain is in fact unfairly diluting everybody else's claim to the available stock of real wealth. They may also fail to realize that Wall Street and its international counterparts have generated total phantom wealth, claims total financial assets that far exceed the market value of all the world's real wealth... ... now that's very important implications because it creates expectations of future securities and comforts that can never be fulfilled.”... ... “Part of our challenge is; how do we unwind this thing so that we bring the money system into balance with reality?” @ 44:08 (44 minutes 8 seconds)
... “The deceptions are built right into our language. Have you ever noticed the business pundits in the news referred to speculation as investment? The speculators as investors?... ... “What a difference the evening economic news, how different it would sound if we said; well, speculators today drove the market, up 10 points.
We refer to a financial wealth as capital. That sounds solve doesn't it?
... “International capital transfers. I really wondered, what is international capital transfers? Is that when you take a factory and put it on a ship and send you send it to another country; that would be an international transfer.
It was only much later that I realized it had nothing to do other than simply moving some numbers from one file to another, perhaps in the same computer; and yet, whole economies go into gyrations just for this movement of numbers.
When we hear the terms wealth, capital, assets, or resources we have no way to know whether the speaker is referring to a real asset or simply defining financial assets. Our language gives us no way to make the essential distinction between real wealth and phantom wealth, which is part of the reason we get so confused. Its part of the reason we fail to recognize that Wall Street in its current form produces little or nothing of real intrinsic value; and that such services, Wall Street may perform, can generally be provided far more efficiently by institutions firmly rooted in community.”
If you are interested in having a very enlightening, insightful explanation of why the “99%” are feeling so unjustly treated (because we are) by the “other” “1%”, I highly recommend downloading it to have it for your own reference because it will only be on the KMUD Radio archives until November 28/2011.
<table class="MsoNormalTable" style="width:100.0%;mso-cellspacing:1.5pt" border="0" cellpadding="0" width="100%"> <tbody><tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes"> <td style="width:49.68%;padding:.75pt .75pt .75pt .75pt" valign="top" width="49%"> (KMUD (https://kmud.org/)) Alternative Radio
Monday, October 31, 2011 9:00 am
Play (https://archive.kmud.org/m3u.php?mp3fil=34881) (https://archive.kmud.org/m3u.php?mp3fil=34881),or (https://archive.kmud.org/m3u.php?mp3fil=34881%29,or)
Download (https://archive.kmud.org/mp3/kmud_111031_090000ar.mp3) (https://archive.kmud.org/mp3/kmud_111031_090000ar.mp3)
Total time 0:59:59
</td> <td style="width:49.68%;padding:.75pt .75pt .75pt .75pt" valign="top" width="49%"> [I]“The challenge before us is to navigate the transition to a new economy that supports ecological balance between humans and nature, supports the sharing of Earth's resources to assure every person access to the essentials of a healthy, happy life, and living democracy, to secure the rights and voice of every person in the decisions that shape their lives.
The Main Street economy is the foundation on which to build this new economy”. David Corton
</td> </tr> </tbody></table>
KMUD is having a pledge drive so the actual “lecture” Starts @ approximately 04:50 (four minutes 50 seconds) after that segment starts and intermittently gets interrupted by the KMUD pledge drive. But it's well worth the time to listen to it anyway.
One thing that I really like about it is what David Corton says about The term, ”Capitalism”; it really explains a lot and is powerfully exposing IMHO... ... @ 24:10 (24 minutes 10 seconds), he begins to say
... “Let’s look at the term capitalism. The term was coined in the mid-1800s to refer to an economic and political regime in which ownership and benefits of capital are appropriated by the few to the exclusion of the many through whose labor capital is made productive.”... ... “So this definition, of course, fits Wall Street perfectly; which suggests: [I][surprise]; capitalism and the common good are mutually exclusive”.
He also says things like;
...“do not confuse capitalism with markets, because... ...capitalism strives for monopoly to defeat the corrective mechanisms of the market”... ... “Capitalism, as originally defined, and as we know it is not only antidemocratic, it is also anti-market.”
Then he goes on to say the 2nd most important thing of all [I]as far as I'm concerned; (species survival comes first, of course), about why occupy movement is so important and should take hold worldwide for it to become successful and not to mention the survival of freedom, liberty, and democracy:...
...“In a situation like ours; when the power of big corporations melds with the power of the government, in the service of an authoritarian oligarchy, we have what is technically known as fascism.
...Very important distinction between the ‘market’ and ‘free market’; the ‘free market’ is a code word for an unregulated market; a market without rules; and, a market without rules is a contradiction. Markets must function within a framework of rules or you end up with this concentration of unaccountable power, which destroys the whole concept of ‘market’”.... Anyway, he goes on to say all kinds of things that are spot on as far as I'm concerned.
BTW, for those who have been preaching and/or stating things like; ‘free-market is the best and or only way to correct the bank and Wall Street caused imbalances in the marketplace’ you know, the (Ron Paul) libertarian thing (because I think your hearts are in the right place and there is a reality that you are familiar with regarding the Federal Reserve), as one example, for instance,: (please consider what the speaker has said and meant regarding:
“the ‘free market’ is a code word for an unregulated market” as previously referenced as it specifically related to this)... ... also, please take note of what he says about what he calls “market fundamentalists” in reference to:> starting at 27:27 (27 minutes 27 seconds) and gets interrupted @ 34:26 (34 minutes 27 seconds), then comes back on @ 36:39 (36 minutes 39 seconds).
And also, @ 43:14 (43 minutes 14 seconds); What the speaker says about the money system, the way it is now, and that the Federal Reserve is too secretive and basically has nothing other than binary numbers stored on a computer, somewhere, maybe (he later refers to that as “phantom wealth”)... which is nothing more than a mind game played on humans, because there is no other animal on earth that would or could value digital numbers stored on a computer chip somewhere particularly given the fact that they don't even have access to nor would they consider binary numbers stored on a silicon wafer food, nutrients, water or anything else that would support life, etc.
Anyway, he goes on to say: ...
“Once we wake up from the illusion and recognize the reality, then we can begin to create a system with which money is our servant rather than our master.
Those who benefit from the creation of phantom wealth may never realize that their gain is in fact unfairly diluting everybody else's claim to the available stock of real wealth. They may also fail to realize that Wall Street and its international counterparts have generated total phantom wealth, claims total financial assets that far exceed the market value of all the world's real wealth... ... now that's very important implications because it creates expectations of future securities and comforts that can never be fulfilled.”... ... “Part of our challenge is; how do we unwind this thing so that we bring the money system into balance with reality?” @ 44:08 (44 minutes 8 seconds)
... “The deceptions are built right into our language. Have you ever noticed the business pundits in the news referred to speculation as investment? The speculators as investors?... ... “What a difference the evening economic news, how different it would sound if we said; well, speculators today drove the market, up 10 points.
We refer to a financial wealth as capital. That sounds solve doesn't it?
... “International capital transfers. I really wondered, what is international capital transfers? Is that when you take a factory and put it on a ship and send you send it to another country; that would be an international transfer.
It was only much later that I realized it had nothing to do other than simply moving some numbers from one file to another, perhaps in the same computer; and yet, whole economies go into gyrations just for this movement of numbers.
When we hear the terms wealth, capital, assets, or resources we have no way to know whether the speaker is referring to a real asset or simply defining financial assets. Our language gives us no way to make the essential distinction between real wealth and phantom wealth, which is part of the reason we get so confused. Its part of the reason we fail to recognize that Wall Street in its current form produces little or nothing of real intrinsic value; and that such services, Wall Street may perform, can generally be provided far more efficiently by institutions firmly rooted in community.”