Roughly once a quarter, I get together with some leftist professors at Alep restaurant in Montreal. As always, the food was delicious but Tom Naylor forgot to order the lamb dish, one of my favorites. He did make sure the wine kept flowing so I will forgive him.
It was a full house tonight. Even Robin Rowley, my econometrics and history of economic thought professor at McGill University, showed up and so did Jonathan Nitzan who just finished writing Contours of Crisis II: Fiction and Reality with Shimson Bichler.
There were many other distinguished guests tonight, including Sam Noumoff who will soon leave us to enjoy his retirement somewhere on the coast of Spain (I am so jealous). Presiding over tonight's festivities was our esteemed President, George Archer, a man who knows how to say a lot with few words. El Presidente was at his best tonight, making sure his loyal servants were obedient. He allowed Naylor to have a few of his classic outbursts but nothing too anti-capitalistic.
A long time ago, I use to work with Jonathan and George at the Bank Credit Analyst, a private macroeconomic forecast firm based here in Montreal. Unfortunately, both Jonathan and George are not neo-classical economists so their views were too off course for traditional macroeconomic forecast firms who believe in the religion of economics.
As for Tom Naylor, well, he has long given up on economic theory saying "it's all a fraud." I think he has given up on humanity as well stating that the "real swine are humans as they took a perfectly clean animal like the pig and mistreated it. Now it's the pigs' revenge."
Tom also took swipes at me for believing in President Obama and his message of change. "His administration is basically the extension of the previous Republican administration pandering to the banksters on Wall Street."
When I asked him whether he believes real change is possible, he replied: "How can it happen when 99% of the population is electronically lobotomized and beyond redemption?"
A classic Tom Naylor response. Tom made a career writing on international money laundering, white collar fraud, and all sorts of economic crimes in between. His current interest is the ecology and he is getting ready to publish a satirical book on class warfare. He is an economist with an excellent grasp of history.
Now, if you would like to be part of the Men's Club, you have to submit an application to El Presidente. You have to be a man (sorry, we do not accept women in our private club) and you have to repudiate all traditional economic theories you were taught in university.
The second criteria really limits our membership because most people accept neo-classical economic theory and all its precepts as religion. Interests rates cannot be negative and profits are the only measure of progress in society.
But no matter how exclusive our club sounds, we are nothing compared to the shadowy Bilderberg Group which is reportedly meeting in Athens tomorrow. The Guadian's Charlie Skelton has been busy pursuing the world's most powerful cabal, but so far with the annual secret meeting of the global elite only hours away, the shadowy corporatocracy remains tantalizingly elusive.
So what is on the agenda for the world's rich and powerful? According to Daniel Estulin, author of the book, The True Story of the Bilderberg Group, elitists are divided on whether to quickly sink economy and replace it with new world order, or set in motion a long, agonizing depression:
On the eve of the 2009 Bilderberg Group conference, which is due to be held May 14-17 at the 5 star Nafsika Astir Palace Hotel in Vouliagmeni, Greece, investigative reporter Daniel Estulin has uncovered shocking details of what the elitists plan to do with the economy over the course of the next year.
The Bilderberg Group meeting is an annual confab of around 150 of the world’ s most influential powerbrokers in government, industry, banking, media, academia and the military-industrial complex. The secretive group operates under “Chatham House rules,” meaning that no details of what is discussed can ever be leaked to the media, despite editors of the world’s biggest newspapers, the Washington Post, the New York Times and the Financial Times, being present at the meeting.
According to Estulin’s sources, which have been proven highly accurate in the past, Bilderberg is divided on whether to put into motion, “Either a prolonged, agonizing depression that dooms the world to decades of stagnation, decline and poverty … or an intense-but-shorter depression that paves the way for a new sustainable economic world order, with less sovereignty but more efficiency.”
The information takes on added weight when one considers the fact that Estulin’s previous economic forecasts, which were based on leaks from the same sources, have proven deadly accurate. Estulin correctly predicted the housing crash and the 2008 financial meltdown as a result of what his sources inside Bilderberg told him the elite were planning based on what was said at their 2006 meeting in Canada and the 2007 conference in Turkey.
Details of the economic agenda were contained in a pre-meeting booklet being handed out to Bilderberg members. On a more specific note, Estulin warns that Bilderberg are fostering a false picture of economic recovery, suckering investors into ploughing their money back into the stock market again only to later unleash another massive downturn which will create “massive losses and searing financial pain in the months ahead,” according to a Canada Free Press report.
According to Estulin, Bilderberg is assuming that U.S. unemployment figures will reach around 14% by the end of the year, almost doubling the current official figure of 8.1 per cent.
Continued>>>
http://www.nakedcapitalism.com/2009/05/guest-post-will-bilderberg-sink-global.html