HowardHigh Quality Construction Jobs
August 28th 2010 11:30
Real Crash- Looking at Capitalism and its Laws:
Dead malls can't take care of themselves
Go with the NAWAPA project and we can have high quality construction jobs. This is the famous water from Alaska project. In the meantime, the Federal Reserve aims to hyperinflate into oblivion, which is insane. Well, you've got two things there. You've got seven of the relevant directors, who are saying no, to this nonsense. Others probably are on the fence. You have two or three, particularly, with Geithner and so forth in this, who are
holding out. But they can not win! The danger is, that we all lose. Geithner and Obama are not going to win this one, that is, they're not going to come out with a victory. But they can cause, perhaps, a defeat by everybody, by a failure to get through this in time.
Remember, the point is this: We're in a general breakdown
crisis of the entire system, and we're approaching a point at
which the breakdown itself goes into, really, into independent
motion. After that point, you reach a time, under those
conditions, in which no one, even me, can tell you how to solve
this problem. As long as the system remains stable, to the
extent that it is, as long as things are in place to the extent
they are now, that you don't have a chain-reaction plunge, as you
had in Germany in '23 at the end, as long as that does not
happen, we can still have maneuvering room. But we're running
very short on time on possible maneuvering room, even by
stretching it. So that's our problem. And what I've laid out to
be done, is exactly what has to be done: There's no change from
that, there's no other possibility.
The key thing is, we have to have the Glass-Steagall Act through,
otherwise, you can not get rid of this bailout problem. And
until you can get rid of the bailout problem, by going back to
Glass-Steagall, there's nothing you can do. The minute, say, for
example, we have a President who is not Obama, and someone
serving as a President, and a team in the White House minus some
of these creeps, then they can carry out what I would say, should
be done. And if they do that with Glass-Steagall first of all,
we're on the road to solutions, with what we've got with the work
on the NAWAPA, the implementation, the way this thing is going,
we've got the motion, we could by October, as of now, by October,
we could be in a position to move.
We have to also get an agreement among a number of nations
on a fixed-exchange-rate agreement. This would probably involve
Russia, China, India, and a few other countries. Germany might come in on that fairly quickly, or in some form of cooperation with it.
But that would mean, that with a NAWAPA project going in in
October, as the beginning of the equivalent of "shovels in the
dirt" by that time, we would then be on the road, to a reversal
of unemployment, mass unemployment. And we would have in view,
probably 3 to 4 million jobs, there. Not just any jobs but high quality jobs.
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