http://www.alternet.org/story/99217/bush%27s_aig_takeover_won%27t_our_solve_financial_crisis%2C_now_unfolding_by_the_hour/
Bush's AIG Takeover Won't Solve Our Financial Crisis, Now Unfolding by the Hour

By Nicholas von Hoffman, TheNation.com. Posted September 17, 2008.

There's no way I'm going to take any real joy and realizing that what I have been predicting for a year is now coming to pass. But it's true. I've been predicting this for over a year. And for over a year everyone's been laughing at me saying that I was just nothing but full of baloney. But now they're realizing I'm not.

As I said before, what is basically needed to resolve this matter in the global market is for the industrialized nations to agree on a global price freeze lasting to full business quarters. And in addition to that, one quarter is needed at the beginning of the freeze to initiate it. And another quarter is necessary at the end of the freeze to turn the freeze off, so to speak. And like I said before, for anyone to sit there and say that Mr. Bush has done a good job will mean that they are going to consider a good job financially as being someone who does accounting or financial analysis with the intent of making your company go bankrupt and ruining them financially, because that's basically what Mr. Bush and the Republicans have done. So this was the religious right and the white fundamentalist Christians and Republicans in a very difficult position. For on the one hand, it they say that what they've done and Mr. Bush of done is a good job and that will mean that they are taking pride in the fact that they have generated more financial loss in financial ruin in the United States during their occupation in the government than any other time in history of the United States.

And they're not going to want to do that. Not unless they want to make sure that everyone realizes that day as a political entity are some of the worst examples of humanity that ever existed. So I don't expect that the Republican Party will come out and say that they are happy with the job they've done because if they are then they're going to tell all the businesses in the United States that they need to fire all the good accountants and all of good financial analyst and a higher financial analyst and accountants who will ruin their businesses and drive them into bankruptcy. And the Republicans are going to want to come out and say yes they done a great job because they're proud of the financial loss they've accumulated. And for the white fundamentalist Christians to look at Mr. Bush and say he's done a great job is for the white on those Christians to say that in their churches and their businesses they want people to work for them, who financially will ruin their businesses and cost them hundreds of thousands of dollars. And no white fundamentalist Christian is ever going to say that because they are all very greedy and they all want their money and they all want as much money as they possibly can, which means they're only a higher financial people and accountants who will get as much money for them as possible. What is exactly the opposite of what Mr. Bush and Republicans have done.

So like I say this is a very difficult position for the Republicans and the white fundamentalist Christians because they are basically ruined the entire financial system of the United States and brought the United States to the brink of a national depression. And a national depression that the United States has not seen since the 1930s.

And as I said before, the only way out of this is for the people who are in the financial circles around the world to read the Kondratieff wave. Because when you do, you will at first see the immediate financial chaos that is currently existing. You'll also see the measures and methods that Nikolai Kondratieff actually suggested for dealing with these financial inconsistencies. And one of those measures is a global price freeze.

The other thing that you can do is to read Vance Packard. The main book you should read by Vance Packard is one called, The Status Seekers. This book specifically deals with the different economic levels in the United States. And it also deals with how those different economic levels, like the lower middle income and the upper middle income and so forth, how these different economic levels relate to each other socially, and anthropologically, and politically as well. And by understanding the dynamics you will have a better handle on how to make better financial decisions.

And finally what I would also do is to find someone who has the ability to understand global economics to the level that Alan Greenspan was able to master. Because the current Taliban the federal government and in the world economic theater is nowhere near Alan's expertise. And I am not able to assist you because even though I understand the dynamics of what needs to be done. I'm basically trapped here in my own home and I am not offering my opinions financially for any reason like notoriety or anything of that nature. I'm simply doing it because I've been nothing but a financial analyst all of my life. The only other thing I did decide financial analysis, was communications analysis and information analysis and as a result of those different forms of analyses. I was then able to use my knowledge of linguistics and language and physics and quantum physics and quantum mechanics to be able to assess other types of analyses pursuant to global warming the formation of language and culture and so forth. But basically, I made my living for 45 years as a financial analyst.

And like I said, while most of the people in the financial community throughout the world have all sorts of agendas about wanting to be powerful on wanted to be famous and lying to be paid for their knowledge. I don't have any of those aspirations, by virtue of the fact that I'm basically dying a little bit more every day as a result of the terminal conditions of my body. I don't have time for those aspirations anymore. I'm 58 years old basically as a result of that I don't have any time anymore to be out there running with the bulls as it is called.

But as I said to you before within 150 days from today's date the United States market will lose an additional $500 billion up to $1 trillion of loss. And that loss will in fact precipitate during the first quarter of 2009 a catastrophic loss in the American market of between $200 trillion up to almost $500 trillion of market value. This loss will be as a result of the massive amount of borrowing that the federal government has done. Not only to pay its bills but also to fulfill the promises that Mr. Bush has sanctimoniously issued to bail out the various aspects of the financial community. When Mr. Bush and the federal government virtually have no money.

And as a result of that catastrophic loss during the first quarter of 2009, the financial projections are, then by the end of the third quarter of 2009, the amount of loss that the American market will realize will be so severe that within seven to nine quarters from the third quarter of 2009, two thirds of all millionaires with an aggregate asset value of $10 million or less, which also means two thirds of the general population of the United States, who are not on the public dole, will in fact be either close to bankruptcy or bankrupt. This condition of course will be a burden some condition to say the very least to the legal system of the United States not to mention the financial situation of the United States. And again the only way to avert I cascade failure of the financial system in the United States will be in fact to institute a global price freeze.

As I said before, I do not believe the dollar is going to be the currency that is going to fail with this global economic crisis that is taking place. And the reason for that is because the dollar is used in so many of the international commodities and currency computations regarding the international trading that goes on between countries. The euro will also not fail because it is the secondary standard by which almost all computations internationally are done secondarily to the dollar. But again, when you look at the international markets, you can see that there are markets that are rather emotional and how they are defined in how they deal with various economic decisions pursuant to global economics. One of the week currencies that comes to mind of course is the yen. The Japanese market as I've said before, he is as all markets are relatable directly to the culture in which that market exists. And in Japan regardless of how progress of the culture has become, is still defined on the basis of ancestor worship. And while this is not saying anything negative about that particular philosophical point of view; it does indicate that the financial decisions pursuant to how Japan looks at market exchanges are somewhat more emotionally defined, and/or symptomatically defined, rather than problematically oriented.

And that brings me to the other point of view as well. The one sure way that the financial circles globally will in fact succeed through this crisis is to change their logical perspective from the symptomatic perspective, which is reactionary, to the problematic perspective, which is in fact anticipatory. There can be no middle ground here. This is the part of the story, ladies and gentlemen where. You definitely need to step up to the plate and realize that the logical mechanisms you have used to make philosophic and economic decisions pursuant to global economics have been basically symptomatically oriented, which is reactionary. And that these mechanisms will no longer work because you now have to use a more pervasive analysis perspective with which to be able to ascertain market trends and market activity pursuant to global economics, which means you're going to have to shift to the problematic perspective, which is much more anticipatory and pervasive. And that basically means that instead of looking at strictly the elements that are concurrent with any particular situation. You now must look at all of the elements that are visible and semi-visible, that are in fact feeding any given circumstance at any particular moment in time. I've read in this any one of these details will mean that your profitability analyses and all the other extensions are going to do will in fact be more reactionary than anticipatory and it will be certifying that the rate of your failure, or the margin of your failure will increase proportionately to the misjudgment pursuant to your symptomatic position.

I wish I could explain it more clearly. I wish I had better news for you. But you all created this mess. It's not the fault just the workers. It's not the fault just Republicans. It's not the fault just the Democrats it's not the fault just any one particular group or entity. The United States has had since the early 1970s. This mentality, called, the, I'm better than you, mentality. Everyone has been out to demonstrate how much better they were than the other person in every other country has been out to demonstrate how much better they were than every other country. And so much of this has pervaded the entire cultural exchange throughout the entire world community that. What ended up happening was an air of hedonism that moved so pervasively throughout the entire world culture, that no country was willing to take responsibility for looking at the market and the world culture with the intention of how to make everything survive. Cultures and people began to look at the world culture and themselves and their own lives with how much can I get. How much can I take. Instead of, how can we make it all continue to work. And that is one of the main areas where, to quote Hamlet, there's the rub.

So in conclusion, take it from someone who is mentally ill and deals with hysterical thinking on a constant basis. One of the places were hysterical thinking is definitely not needed or fitting or proper is regarding financial matters. These are the times that try men's souls. These are the times when cooler heads must prevail.

Your choice. Now is do you want to continue to try to get as much money out of the market as you possibly can, or are you going to actually be as mature and cool minded as you possibly can, and do everything you possibly can to help the market and the global economic system survive. This is what is now at stake. And as I said before, I am not the guru here. I am simply one person, who was done the same thing for 45 years, which is basically financial analysis. And I did so well when a teenager, that I was highly paid to do this my entire life. And I didn't very surreptitiously without very many people ever seen what I was doing. And I did in such a way so that most people still my work rather than giving me any credit for what I knew her when I did. And a lot of the same people are the movers and shakers in the financial community right now, who actually took a lot of my work but don't know really how to use what they took. And so as a result, they are making decisions based on what they took from me. But not really understanding all of the dynamics of what they have.

And as I told you before, my specialty is not in the field of arithmetic. I have trouble coming change. My specialty use in analyzing data. It always has been there is. I am able to analyze data better than almost anyone else alive. But that is a peculiarity of my brain.

Read the Kondratieff wave. Read Vance Packard. And do whatever you possibly can to institute a global price freeze. There is no window of opportunity here. But the still you implement a global price freeze. The sooner you will shore up losses in the financial community globally, which will then convert what Kondratieff has called specie reallocation. Which is in fact, where one of the currencies completely disappears as a result of a total and complete lack of confidence in that currency. And as I told you before, the two markets that are the most significantly in jeopardy at this time are the French market and the Japanese market.

I will continue to watch the data and continue to post in my journal here. If any of you are really concerned with understanding what I know you'll read my journal. And now that I see that you're actually treading water, even count that my journals will be a little bit more maternal rather than walking up to you and slapping you back-and-forth to try to get your attention.

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