Charlie Rose

Gelles  02/24/2012 09:44 AM Report

Ricardo_Amaral, (whom I call Ric Brazil, because IMO he is more a fan of Brazil than an enemy of the USA,) wrote early in this food fight, as follows:

..... "The reality is: the US economic and financial system is a complete mess. It is at the edge of the abyss and ready for a complete collapse.

..... "The US economic and financial system is nothing to write home about. Regarding US foreign policy, it is pathetic and a sad string of screw ups ... the rest of the world laughs at it -- because the United States seems to be completely clueless about everything they are doing around the world."

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Ric writes to impress us he is cool and knows a lot. In fact he is not and knows nothing.

The "rest of the world", of which he speaks, no longer includes Saddam Hussein, Osama bin Laden, and Muammar Muhammad Abu Minyar Gaddafi, laughing or crying. It no longer includes Bashar al-Assad (Dictator of Syria) among its unopposed men in power. It does include a laughing Ric --laughing at his own prose which is "funny" and far fetched, not brilliant wise and telling.

Ric's comments predict the possible relative decline of American influence, relative to China, Russia and India, over coming decades. My friends predict it will not happen.

America has green energy potential, including solar, wind, bio-sourced, ocean-sourced, stored water, right-sized fail-safe nuclear, and eventually fusion, to allow it complete freedom for rational prevention of tyranny by anti-humanitarian ideologies causing terror and hurt where decency ought to reign. This energy will be joined to new economic power based on money to match our production of the necessities and niceties that good people deserve to have when they follow the golden rule and admirable scientific paths from scarcity to plenty. Cut-throat crony casino capitalism is ending. Win-win cooperative systems that use well-organized competitive instincts to do good and avoid evil will replace past errors as fast as people like Abraham Lincoln and Benjamin Franklin can overcome the ignorant cool so admired by Ricardo. Haym Salomon was a man that I admire. (He was fluent in the language spoken today in Brazil, as well as in English.)

..... "In August of 1781, American forces had trapped Lieutenant General Charles Cornwallis in the little Virginia coastal town of Yorktown. George Washington and the main army and the Count de Rochambeau with his French army decided to march from the Hudson Highlands to Yorktown and deliver the final blow. But Washington's war chest was completely empty, as was that of Congress. Washington determined that he needed at least $20,000 to finance the campaign. When Morris told him there were no funds and no credit available, Washington gave him a simple but eloquent order: 'Send for Haym Salomon'. Haym again came through, and the $20.000 was raised. Washington conducted the Yorktown campaign, which proved to be the final battle of the Revolution, thanks to Haym Salomon."

[Source of above: Haym Salomon -The Revolution's Indispensable Financial Genius, By Donald N. Moran,

reprinted from the October 1999 Edition of the Liberty Tree and Valley Compatriot Newsletter. May be Googled.]

Gelles  02/24/2012 04:39 AM Report

"I am CORRECT on what to do TO be like Lincoln, were that great man alive."

My typo error left out the "TO"

If anyone reads http://outputbasedmoney.info they will read about Electric Money. It is the same as output based money. They are both the same as Keynes Without Debt as described at http://ustaxreform.us/kwod.htm

If you own a website you can say a lot. But no one has to read a word of what you say. To find a reader, what you say must go viral. The way for this to happen is to set yourself afire in Times Square NYC. To burn where I live is not going to do it. So I won't do it either.

Gelles  02/24/2012 04:22 AM Report

Gelles, Friedman and TodSpence support America and Israel in the struggle to see government of, by and for the people survive the current assault by Iran on human rights inside its borders and outside them too. The Bahai are not Zionist soldiers -- they are Persian pacifist idealists. Yet Iran is as cruel to them as they are to all who support freedom or Christian-like values that include the Golden Rule.

Lael Brainard offers the American policy of modest defense of human rights, economic and political, that falls short of Republican and Democratic desires to prevent nuclear accident or attack by forces far weaker than America's but less constrained than we suppose are those of Russia, China, India and Pakistan.

North Korea and Iran scare us. The former are ruled by a regime that remains half-mad. The latter are ruled by religious fanatics whom we cannot trust to love life ahead of martyrdom.

REMant is NOT, in my opinion, pro North Korea or Iran. He is so full of himself he is blind to the risks he accepts just to be different. He sees all the Chomsky-like arguments against American policy in modern times. Chomsky is the leader of anti-American intellectualism. He is not crazy or an apologist for totalitarianism. He is Jewish and NOT an anti-Semite. He is no worse than WRONG where I am CORRECT on what to do be like Lincoln, were that great man alive.

I cannot agree with Brainard and Obama. They are too cautious in critical times. So my position is also unpopular. I want Keynesian economics and Lincolnian support of human rights and against wage slavery.

In the real world I oppose appeasement of Iran and hope we prevent their regime from owning nuclear arms.

I do not believe we can silence opinion different from our own that is no worse than Chomskyian. He has democratic followers who see black where I see white. Compromise is not easy. But compromise we must. My compromise offers are presented and changed on my site http://ustaxreform.us which is the same as http://outputbasedmoney.info

On the site there is a list of Charlie Rose interviews at file /.crs.htm

http://ustaxreform.us/.crs.htm is an address to this list. ( It uses the period as a character .crs and as a separator from the suffix .htm )

Ricardo_Amaral  02/23/2012 08:06 PM Report

@ShalomFreedman – First, I am not anti-Semitic.

I am an Agnostic, and I don't care which religion anybody follows: Catholic, Protestant, Judaism, Hinduism, Buddhism, Islam and any other religion.

I am anti-Zionism which is a different story – I hope you know the difference between Judaism and Zionism.

Zionism is a Jewish political movement and it has nothing to do with Judaism.

I am against the Zionists controlling the US mainstream media and US government in many ways as they do.

If you want to silence me here on the Charlie Rose Show, I understand it because it is part of you Zionist agenda. You are just a member of the "Jewish Lobby" and you are doing your part.

On this web site there's a lot of material and you can learn about what the "Jewish Lobby" is doing in the United States.

The End of America

http://www.elitetrader.com/vb/showthread.php?s=207664936015eba5e2e29e16dc83de4b&threadid=237214

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Ricardo_Amaral  02/23/2012 07:40 PM Report

The West Is Losing The Chess Game With Iran – February 20, 2012

http://articles.businessinsider.com/2012-02-20/home/31078712_1_embargo-oil-fields-iran-itself

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Ricardo_Amaral  02/23/2012 07:38 PM Report

@ShalomFreedman – You want some intelligent and sane commentary, then I suggest that you check this discussion about what is drastically wrong with the United States at the following web site:

The End of America

http://www.elitetrader.com/vb/showthread.php?s=207664936015eba5e2e29e16dc83de4b&threadid=237214

I understand that you guys want to silence every voice that does not agree with your agenda – it is becoming more obvious than ever before.

But I have news for you – it will not work in the age of the internet.

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TodSpence  02/23/2012 02:40 PM Report

Amen ShalomFreedman.

ShalomFreedman  02/23/2012 12:27 PM Report

Why is it that when a responsible informed representative of the U.S. government speaks about a major economic issue she is lambasted by the two exceedily verbose crackpot anti- American and anti-Semitic pseudo- economist knee-jerk posters Ricardo Amaral and ReMant?

Can't Charlie Rose do something to regulate this site, or at least encourage some intelligent and sane commentary on it?

Gelles  02/23/2012 02:28 AM Report

This interview sought to explain what America wants European governments to do to improve the jobs and income situations of their own people, and, thereby protect our economy from harm that poor economic performance in Europe might inflict on us: i.e., too little demand for our exports; too little security for our investors in their bonds or other assets.

Obviously, we do not know what they should do -- any more than we know what we should do here to protect ourselves and even them.

If we wanted concrete end products like food, clothing, cars and places to vacation, we could list them and plan for their production under one system or another. But we do not want such a planned economy there or here. We want uncertainty of the kind we are used to.

But there may be a middle ground: maybe, if we ended all use of fixed debt (bonds,) and required stock equity investments only, so that future losses would never leave anyone saddled with collectible debt, we would be better off than we are with bonds.

In all events, the interview led nowhere -- and the comments below are useless.

SharkswithfrikingLazers  02/22/2012 06:50 PM Report

She says China opened their auto insurance market to us.

So the Gecko and the Caveman are being exported?

Warren Buffet can finally make some money?

America, we have found our place in the world and it is car insurance!

tabs  02/22/2012 06:48 PM Report

What one does not understand is what does Mr Rose achieve by going to a CBS Morning Show? Money, fame, acclaim and power, he already has them. What did CBS have to offer him for him to split his time with being the American Empires Minister of Information? The proof that Mr Rose is indeed the Minister of Information for the American Empires Ministry of Information Dissemination is right here in this interview with MS Brainard. For MS Brainards whole interview was on the Obama administration boiler plate message.

There was nothing new here to report, nothing that one can't just read the Washingon Post or the NY Times to gather. One is waiting with abatted breath for the economy ot come "ROARING BACK" with the renewable, Green energy, education and infrastruture programs that President Obama keeps on claiming will save the American Middle Class. MS Brainard wastes ones time, even though she is able to abstract the Global Economy. This became apparent with her statement that the Global economy would grow if the Chinese became more of a consumer society.

So what was the point of this visit by Under Secratary of the US Treasury Brainard to the Minster of Information's show? Very simply this interview was to calm the waters that the Obama administration is competent and has everything under control with regards to financial matters in the world. This may have suceeded with the fools in town but does not hold any water with anyone who realizes that ther is only an illusion of being in control of events. This quite frankly is the dishonesty that AMericans have been fed for the past 40 plus years. While it still may fool some of the people in the world it does not fool all the people in the world.

SharkswithfrikingLazers  02/22/2012 06:41 PM Report

She is not there yet.

Reuters News Service reported on December 23, 2009 that the Senate Finance Committee had approved Brainard to become the "Treasury Department's top global diplomat, a job that would give her a key role in the bid to push China toward a flexible currency."[6]

http://en.wikipedia.org/wiki/Lael_Brainard

Yes, that ol' flexible Chinese currency you have been hearing about huh?

SharkswithfrikingLazers  02/22/2012 06:38 PM Report

A+ for questions.

F- for answers.

CR: Can you have this austerity (Greece) and have growth? She never answered the question directly but did say structural reforms will lead to growth. This is hard to believe as Paul Krugman has pointed out over and over and over again.

CR: Should we worry about Italy? She says the Prime Minister has transformed it and their is a dynamism for the private economy and for reforms. WHAT? That is NOT an answer. If you don't believe me substitute Syria for Italy in the question above and see what you get.

CR: Our allies share our strategic goals but do they share the means to get there? She says there is movement away from Iranian supplies and Libya is coming back on line quicker than expected. (Almost an answer here!)

Here is what should have transpired:

Question: When will Iraqi oil flood the market and restore economies around the world?

Answer: It is now happening Charlie. Iraq is completely back in the oil business. In fact, from our trillion dollar investment we expect this next decade to be one of milk and honey for the world because oil will be plentiful and we won't be buying it from terrorists any longer.

billg32  02/22/2012 02:36 PM Report

How can you let this IMF mouthpiece spew nonsense and go unchallenged? The IMF is the strong-arm collection agency for the World Bank. She says the IMF has a "track record of bringing credibility", what a crock! Be a journalist and do some research! The IMF has a track record of bringing long-term destruction and proverty to countries, while countries that kick out the IMF end up prospering.

Ricardo_Amaral  02/22/2012 02:26 PM Report

A reality check for the United States and Israel:

Asia Times – February 22, 2012

“Real cowards go to Tehran”

By Pepe Escobar

Imagine the classic United States neo-conservative wet dream; staring at Iran on a map and salivating about the crossroads between Europe and Asia, between the Arab world and the Indian subcontinent, between the Arabian Sea and Central Asia, with 10% of the world's proven oil reserves (over 150 billion barrels) and 15% of proven gas reserves - an energy complex bigger than Saudi Arabia and arbiter of the energy routes from the Persian Gulf to the West and Asia via the Strait of Hormuz.

It's like a pudgy armchair action man mesmerized by a nimble lap dancer. I'm gonna make you mine, honey. It's regime change time, gotta snuff out the owner of this joint. Otherwise, people will start talking; what kind of chicken global hegemon is this?

So the neo-cons got their New Year's Eve Barack Obama administration's Iran sanctions/embargo package, duly replicated by the European poodle parade. But it was not supposed to be like this. The lap dancer leapt from the stage and applied a neck scissors on the armchair action man; he's suffocating, not her. The whole thing is ... misfiring! Just like the latest neo-con Big Idea - the invasion, occupation and inevitable defeat in Iraq, to the tune of more than US$1 trillion.

Baby, sanction me one more time

Let's review some of the latest evidence. Tehran has just sent two of its warships through the Suez Canal towards the Mediterranean; they docked at the Syrian port of Tartus - no less. Not so long ago, disgraced dictator and close House of Saud pal Hosni Mubarak would have probably bombed them.

Tehran cut off oil exports to the top European war poodles, Britain and France. That's only 1% of British imports and 4% of France's imports - but the message was clear; if the depressed Club Med countries insist on following Anglo-French warmongering, they're next.

Brent crude is hitting $121 a barrel - an eight-month high. West Texas Intermediate, traded in New York, is hovering around $105. Brent is crucial, because it sets the consumer price for gasoline in most of the US and Western Europe. The neo-cons swore on their Bibles and Torahs there would be no oil spike. It happened - like clockwork, proving once again their knowledge of market speculation is of a two-year-old (no offense to lovely two-year-olds).

The funds Tehran is losing because of the sanctions - in terms of less exports to Europe - are being largely compensated by the oil-price spike caused by the neo-con-driven warmongering. On top of it, Tehran is bound to sell more oil to its top Asian clients - China, India, Japan and South Korea, and even Turkey, all of whom, with varying degrees of diplomacy, have told Washington to mind its own business.

As Asia Times Online had advanced, it took some time but Iran and China have just closed a new oil pricing deal. And the Iran-Pakistan gas pipeline is a definitive go. And Afghanistan and Pakistan - as well as Iran - badly want to be admitted at the Shanghai Cooperation Organization (SCO), accelerating regional economic integration.

The fact that the Israel lobby drafters of the sanctions package couldn't foresee any of this proves once again they live the vegetative life of armchair "action" men.

Neo-con parrots are left to the "sanctions are biting" blah blah blah. Or to State Department spokeswoman Victoria Nuland, married to neo-con Robert Kagan, assuring pressure is being put on all these countries so they may do "what they can to increase sanctions, particularly to wean themselves from Iranian crude". Nobody is "weaning" from anything - apart from the self-defeating European poodles.

Also exposed is the myth of Saudi spare capacity. There is none. Saudi reserves are falling at a rate of 3% a year (it's exporting 11.8 million barrels a day, and falling). Moreover, the House of Saud does not want to pump more oil; it needs high oil prices to bribe its own population out of noxious Arab Spring ideas.

Then there's the strawberry on the cheesecake, too delicious to pass up. Goldman Sachs has just placed Iran as one of the "Next 11" in the developing world after the BRICS, only one among five developing nations with above average "productivity and sustainability of growth". Perhaps a Persian Britney Spears should be singing "Baby, sanction me one more time."

Baby, I'm coming to get ya

From the point of view of Washington, the only thing that really counts in the interminable nuclear charade is whether Iran may reach the ability to build a nuclear weapon in record time in case the leadership in Tehran is absolutely sure the US/Israel axis will attack.

That's exactly what Director of National Intelligence James Clapper told the US Senate Armed Services Committee last Thursday; Iran is "more than capable of producing enough highly-enriched uranium for a weapon if its political leaders - specifically the Supreme Leader himself - chooses to do so."

What Clapper didn't specify is that Tehran is enriching uranium to a paltry 3.5%; a nuclear bomb needs 95% - and that would be immediately detected by the International Atomic Energy Agency.

If that happens - and that's a major if - there's no way regime change from the outside may be imposed. Thus bye bye to the Big Prize in oil and gas coveted by anyone from realist Dr Zbig Brzezinski to former Darth Vader, Dick Cheney.

So it's Ouroboros all over again - the serpent biting its own tail. We need to bomb to get regime change, so that oily dancer will dance on our wealthy lap.

The problem is neither the Obama administration nor key Pentagon generals are convinced this is a good deal.

Chairman of the Joint Chiefs of Staff, General Martin E Dempsey, thinks, "It would be premature to exclusively decide that the time for a military option was upon us."

And Lieutenant General Ronald Burgess, director of the Defense Intelligence Agency, told Congress last Thursday, "Iran is unlikely to initiate or intentionally provoke a conflict." No wonder; Dempsey himself admitted that the leadership in Tehran - contrary to relentless neo-con media spin - "is a rational actor".

Does this all matter for the neo-cons and their legion of media shills? Not really. Until they find a sucker to fight a war for them - as in a Republican US president - real cowards will keep going to Tehran, all day and all of the night, in their wettest of wet dreams.

Pepe Escobar is the author of Globalistan: How the Globalized World is Dissolving into Liquid War (Nimble Books, 2007) and Red Zone Blues: a snapshot of Baghdad during the surge. His most recent book, just out, is Obama does Globalistan (Nimble Books, 2009).

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Ricardo_Amaral  02/22/2012 02:17 PM Report

I am re-posting, because I made some corrections to my original posting.

I wonder why Charlie Rose interviews people such as this poor woman on his program?

She is completely delusional about everything, she is in La La Land.

I had posted some information on the Elite Trader Economics Forum earlier today regarding last night Lou Dobbs Show at the Fox business channel as follows: In another segment of the show they were questioning the validity of the most data provided by the US government on a monthly basis.

But that is not anything knew, a lot of economists and analysts in the United States have been questioning the quality of the data provided by the US government on a monthly basis – how much is just fairy tales, and how much is just plain garbage including figures for unemployment data, GDP, and everything else.

The people from around the world look towards the United States and they see a country that is in free fall, a country that is fast declining in every way. Americans don't have a clue about how to fix even its own economy and never mind the economy of other countries, and foreigners laugh of the United States when the US government officials want to give their opinions about how to fix the economies of other countries.

The countries that followed the United States government advice ended up in the poor house and their economy had a complete collapse and their country ended in chaos.

If Mr. Brainard want a simple example of what I am saying, that might serve as an education for her, she should watch the videos on this web site:

Argentina the "Poster Child" of American Form of Capitalism

http://thefinalcollapseoftheusdollar.blogspot.com/2011/06/argentina-poster-child-of-american-form.htm l

Regarding the International monetary Fund (IMF) that organization had been obsolete for many years, and every country that had to deal with that organization hated it in every way and their experiences with the IMF were a nightmare.

Even bankrupt Argentina managed to repay its debt to the IMF to be able to disconnect from the IMF.

Thanks to the current European crisis the IMF has been revived one more time after being in a coma and being in life support for many years - they revived a dinosaur for one last screw up.

She had the nerve to say that the US economic and financial system is back and had a fast recovery - she must be "brain dead" or she is completely clueless about what has been happening in the US economic and financial system.

The reality is: the US economic and financial system is a complete mess and it is in the edge of the abyss and ready for a complete collapse.

The US economic and financial system it is nothing to write home about it, and regarding the US foreign policy, it is pathetic and sad string of screw ups, it does not matter where you look up to, and the rest of the world laugh about it, because the United States seems to be completely clueless about everything that they are doing around the world.

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Ricardo_Amaral  02/22/2012 01:51 PM Report

I wonder why Charlie Rose interviews people such as this poor woman on his program.

She is completely delusional about everything, she is in La La Land.

I had posted some information on the Elite Trader Economics Forum regarding last night Lou Dobbs Show at the Fox business channel as follows: In another segment of the show they were questioning the validity of the most data provided by the US government on a monthly basis.

But that is not anything knew, a lot of economists and analysts in the United States have been questioning the quality of the data provided by the US government on a monthly basis – how much is just fairy tales, and how much is just plain garbage including figures for unemployment data, GDP, and everything else.

The people from around the world look towards the United States and they see a country in free fall a country that is fast declining in every way. Americans don't have a clue about how to fix its own economy, and foreigners laugh of the United States when the US government officials want to give their opinions about how to fix the economies of other countries.

The countries that followed the United States government advice ended up in the poor house and their economy had a complete collapse and ended um in chaos.

If Mr. Brainard want a simple example of what I am saying, that might serve as an education for her, she should watch the videos on this web site:

Argentina the "Poster Child" of American Form of Capitalism

http://thefinalcollapseoftheusdollar.blogspot.com/2011/06/argentina-poster-child-of-american-form.htm l

Regarding the International monetary Fund (IMF) that organization had been obsolete for many years, and every country that had to deal with that organization hate it.

Even bankrupt Argentina managed to pay its debt to be able to disconnect from the IMF.

Thanks to the current European crisis the IMF has been revived after being in a coma and being in life support for many years - they revived a dinosaur for one last screw up.

She had the nerve to say that the US economic and financial system is back and had a fast recovery - she must be "brain dead" or she is completely clueless about is happening.

REMant  02/22/2012 11:43 AM Report

We have been listening to this spin for nearly four yrs now, tho I'll give you she's more articulate than Summers, but can she really BELIEVE this garbage? Europe isn't the problem WE are. I suppose the intent of this hour of programming is to impress us with the neocon perspective on why we must endure high oil prices.

It came out here the day before yesterday the Fed'l budget was close to $100 billion in 1962 and $4 trillion today, but it has also been in deficit nearly all that time, yet the govt claims it has always remained a fairly constant percentage of the GDP, about 18-19%. This leads me to suppose there's a great problem with the deflator and/or the size of the debt. We seem to have maintained ourselves this past half-century largely by borrowing and inflating. And as we have become poorer, the more this has been justified by some who refuse to see the underlying cause. Even actually prescribing this conduct, such as that mercantilist melange of Keynesianism and quantity theory called "modern monetary theory."

As Gen Petraeus remarked about a more limited case, money is their ammunition, altho David Hume was there long before when he wrote that buying into the public credit left investors with little option but to support it. Hence the stock mkt is once again rising as a result of monetary inflation, as there is nothing else to do with the money, aside sinking it into commodities whose price is rising just as fast, unmeasured, incidentally, as such. All the while the administration is laughably talking about firewalls and such. If there really were a firewall, the US would, I take it, be on the wrong side of it. What I suppose they mean is that other countries should accept our money, but not expect anything from us in return. The country that really needs what we prescribe for China, Greece, etc, is our own.

The US ran large trade deficits in the years prior to the depressions of 1837, 1857, and 1873, which were met with the imposition of tariffs, and, immediately after the Revolution, which played a large part in passage of the Constitution. Our trade tho has been in deficit almost every year since 1971 and rarely in balance or surplus before, which begs the question how that could be possible. The only string of surpluses came during the 1920's and in the late 1990's. It would appear our deficits have accorded with increased supplies of money, either due to printing, mining, foreign investment or wars in other places, the '20s being the exception that proves the rule, because the combination of tariffs, destruction of European competitors, and migration of their gold here provided the fuel for China-like growth that, however, still ended very badly. The same might be true of the 1990's, US surplus coming at the expense of others, notably Japan and China, before we once again turned to prodigality. But to argue that a trade deficit is of no consequence is to argue as the Keynesians do that expenditure is of no consequence and can only be true if you are a leech.

The overwhelming impression of US financial history is that the country's pre-eminence has been almost entirely the result of foreign support, and in that sense would seem to confirm the arguments of those who say it is not in decline, because it has never been anything more. In other words, the impression is we have been selling not goods, but a bill of goods all these years, of which modern banking has played an inescapable part. That we've never really been anything but a debtor nation. And if there's no one left to sell such "democracy" to, we may well be facing a substantial problem, especially if we persist in the myth of free trade under these circumstances.

The whole point of banks from the beginning has not been to accumulate savings for investment, but to bilk producers out of their labor. Which is why John Adams could write: "I have never had but one opinion concerning banking, from the institution of the first, in Philadelphia, by Mr. Robert Morris and Mr. Gouverneur Morris, and that opinion has uniformly been that the banks have done more injury to the religion, morality, tranquility, prosperity, and even the wealth of the nation, than they can have done or ever will do good. They are like party spirit, the delusion of the many for the interest of the few."

All of this relies on ppl being led to believe higher prices do not mean greater deprivation, but greater riches, because of more credit and market involvement. They can't see that globalization, their vaunted "democracy," amounts to a Ponzi scheme. That divides "court" from country, haves from have-nots. And that the only thing the Dow again reaching 14,000 would signify is that the Fed has been successful in creating enough new inflation to replace that deflated in the crash, and which all dollar users have helped pay for, AND will, if productivity doesn't increase, continue to pay for. In no way can it be considered good, nor will the price of commodities come down until this debt is diminished and prices with it. Kicking the tax can further down the road will help no one occupying the Oval Office next year, BTW.