ECONOMIC CRISIS AND THE FAILURE OF AMERICAN INTELLIGENCE

[Morpheal]

ECONOMIC CRISIS AND THE FAILURE OF AMERICAN INTELLIGENCE

Recently we have witnessed world economic breakdown.

We were given no real reasons, from government or media, to expect the severity of the crisis that has swept across the planet, in an incredibly startling manner. Globalized disaster is difficult to comprehend at the best of times, but much more difficult to come to grips with, in terms of understanding, when it is so unexpectedly sudden and so utterly devastating. Change can be shocking and traumatic at the best of times. This change, that we are seeing happening, is more shocking and traumatic than most, due to its unexpectedness, the denials of responsibility on the part of major governments and their leadership, and because it puts into question many of our beliefs about the economic system and its functionality for the sake of human good. We were led to believe that the changes in the world economic system, coming along with American led globalization, were for the good of everyone. Now that most fundamental principle is put into doubt, and the sometimes brutal and all pervasive socio-economic push to systemic faith is itself put into doubt. That is very traumatic. The world is in shock.

Now, what has the world been enduring in recent decades, particularly in this decade, as to its economic and closely related socio-political future ? Was it the result of genuine and reliable intelligence, or was it merely propaganda ?

Even the CIA, known as “the company”, appears to have failed completely. From all existing media reports, and based upon the statements and behavior of the politicians we assumed best informed by intelligence, there was no intelligence involved. There too we have to now assume that what was fed to the Chief Executive of the United States of America, to its Congress and Senate, was only propaganda supportive of a “business as usual” mentality, and supportive of total and unquestioning faith in how things were going on the most crucial issues as to the vitally important economic frontier.

What does this really mean ? Let’s think about this apparent total failure of intelligence.

Economic data is the easiest intelligence to gather, and to analyze. It is the most prolific, and most openly accessible “data base” in the world today. After all, a huge number of accountants work with economic data every day. It is a primary concern of almost everyone in business, industry and in a vast number of related organizations, not to mention the financial institutions, and not forgetting the presumably highly privileged Treasury Department.

Now, we know that data acquisition in such a vital area as economics, and in regard to its overwhelming strategic importance, inclusive of military strategic importance, is far from limited to what can be readily accessed in the world’s huge data bases of accounting facts, but also includes substantial covert access beyond that which is available to those without security clearance and need to know. We have to remember that most conflicts, inclusive of wars, and much of the covert subversion, manipulation, and other nefarious activity in the world is essentially about economics and involves economics. So it is a most vital area of concern for any credible intelligence organization.

So how can a total failure of intelligence occur ?


Clearly it did occur, in one way or another.

Clearly the world was misled, unprepared, and caught by surprise, following the mislead from the world’s leading and presumably best and most informed intelligence community, government executive, and legislative institutions. America was trusted to lead the economic situation, in regard to its presumed superior intelligence capabilities as to intelligence gathering and analysis. It was followed by the world community, even where it was followed reluctantly, because America was assumed essentially honest, upholding the truth about the world economic situation, and acting intelligently in regard to its professed social, political, and economic values. The world did have faith in American intelligence on economics. It was a reasonable faith, based on experience and facts. That faith is broken. The world is shocked, traumatized, and there is now a crisis of faith in the world community in regard to American intelligence.

That faith in American leadership and American intelligence on economics will not easily be restored, if it can be restored. America must come clean on what has happened, and it must do so in front of the world community if it is to hope to reassert leadership and vindicate America’s own professed and stalwart assertions about faith in its own economic system, its processes, procedures, its means and ways, in relation to truth, intelligence, rational decision, responsibility for actions and results, and the essential rightness of that system. That measured against what is happening to the world community, to America itself, to human lives, and most of all in regard to the impact upon real progress towards the good of humanity, now and for the future.

The world community needs an accounting from its leading economic power, and from its leading economic system, and that system’s intelligence and rational decision making process if the world is to believe, follow and trust in America.

Remember that the world community has been told that even the former Treasury Secretary of the United States of America was admittedly wrong in some of his major decisions and policy, and that that means that even Mr; Greenspan, always rational and highly trusted, lacked adequate intelligence.

Robert Morpheal

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[JohnWxy]

1. there was a lack of intelligence on the part of many - they are known as Republicans. But others

argued in vain against DEREGULATION. But the Republicans prevailed and Pil Gramm introduced legislation written by his wife with assistance of Wallstreet lawyers: the Commodities Futures Modernization act - 2000. Gramm slipped it in as a rider to the Omnibus Spending Bill of 2000 passed on the last day of the Congressional session of 2000. This was a 19,000 page document and virtually nobody knew that the CFMA was in there. It had been voted DOWN TWICE before - that's why Gramm knew he had to sneak it in.

6 weeks after passage of the bill gramm's wife left her position at the Commodities futures Trading Commission and took her postion on the Board of Directors of ENRON. THe CFMA included what is known as the Enron loophole enaabling unregulated electronic trading of energy futures.

Of course, the CFMA also allowed for the trading of Credit Default Swaps - without any regulation or controls. That is what produced the conditions which enaabled the unbridled greed of bankers (Paulson was CEO of Goldman Sachs aat the time and he and several other CEOs of Wall Street Investment banks had a private meeting with the head of the SEC asking for looser restrictions on reserves backing up Financial Derivative instruments (such as Credit Default Swaps) and got it. THis allowed them too keep even less in reserve to back up these derivative instruments in case of default. Ergo the current Credit Catastrophe.

M$M does not talk about this as Republican party doesn't allow it.