Summers End-Game Memo
I could probably save myself from this post by just saying presidents are hucksters for the wealth that yank their strings, but where’s the fun in that?
I’ve been criticized for focusing on the executive office as held by president Barack Obama. I think there is a good case to be made for why the executive office is no more than a PR gig with lifetime benefits, and that attacking the office necessarily becomes an attack on a somewhat powerless placeholder for real power, which lies elsewhere.
Rob Kailey put it nicely when he described my (and JC’s) criticism of the current presidential placeholder as: ‘Fuck the guy falsely in charge ’cause we aren’t getting what we want!’.
By “falsely in charge” I think Rob means my criticism of the executive branch doesn’t properly take into account the role of Congress in fucking shit up, and not that I think there are birth certificate issues with our president.
For full context, read the whole thread at Tokarski’s place, Piece of Mind, the post titled Very Strange.
It is, all, very strange.
Like how summer is ending and Greg Palast breaks Larry Summers and the Secret “End-Game” Memo.
When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn’t believe it.
The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3% unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.
Hmmm, wasn’t that the reign of the neoliberal Clinton regime?
Falsely in charge also carries the hint of conspiracy—maybe Kenya, maybe blackmail—the latter reminding me of the Franklin Credit Union scandal.
For some reason, I really want to understand the leverage that has made Obama such a pliable PR guy.
Maybe his kids get a spot in the cryogenic escape pods?
Ultimately it doesn’t matter. Larry Summers and his ilk keep lurking like chiggers in Kentucky blue grass (I am still scratching bites from vacation).
Here is one more snip from the Palast piece:
The Treasury official playing the bankers’ secret End Game was Larry Summers. Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank. If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world.