FINANCIAL OBSCENITIES.

If France was in the same mess as the USA is in now, with many major financial institutions unable to carry their obligations, France would solve the mess herself. France has been in related messes, and has been solving them herself (remember Credit Lyonnais? The greatest bankruptcy ever, around 30 billion dollars…). After W.W.II, France was completely broke. It was solved the old fashion way. In cases like that, the solution is direct administration and ownership by the People. In other words, nationalization. The USA is no exception.

Just as the Central bank is the “Lender of Last report”, THE STATE IS THE OWNER OF LAST RESORT. Time has come. That psychological issue nobody can solve it for the USA. If the USA wants to keep on operating, it will have to nationalize maybe 1,000 financial outfits. Maybe more. Otherwise, an alternative would be to establish a feudal regime, with the great Lords of American finance always going unpunished, owning any and all, and the American People even more submissive than it already is.

After a spectacular bank failure last fall, even the slightly deluded great pope of the Free Market, P.M. Gordon Brown, deduced, all well considered, that the solution was to nationalize said bank. Anything else would be a fraud on the British People, said Gordon.

The plan proposed by Paulson is to have the American People come to the rescue of the Rich of America, lest the latter burn the house to the ground, leaving the People most deprived.

The plan proposed by U.S. dinosaurs, with the help of Barney (Frank) is even funnier. It is even more hilarious, indeed, to ask the poor People of the entire planet to come to rescue the American Rich.

But why not make such an outrageous plea? It is even more obscene than the present situation, and, as we visualize this, the poor of the world getting their coins together to help the nasty, arrogant, possessive U.S. gadzillionaires, we are seized, hopefully, with intense comic relief…

Patrice Ayme
http://patriceayme.wordpress.com/