Here is a remarkable statement by Paul B. Farrell that tells the unvarnished truth about the class war that is being waged against Americans. It is remarkable for two reasons, first, because Farrell has a background as a financial establishment insider–he was an investment banker with Morgan Stanley; executive vice president of the Financial News Network; executive vice president of Mercury Entertainment Corp; and associate editor of the Los Angeles Herald Examiner. Secondly, because this article appeared in MarketWatch, a mainstream news source controlled by Rupert Murdoch.
According to Wikipedia, MarketWatch “is now a wholly owned subsidiary of Dow Jones, which in turn is owned by News Corporation. MarketWatch is part of Dow Jones’ Consumer Media Group, along with The Wall Street Journal, Barron’s, the WSJ.com and affiliated Internet properties. Through the Rupert Murdoch-controlled News Corp. ownership, MarketWatch is also affiliated with, among many other global media properties, the New York Post, The Times of London, Fox News Channel and multiple other 20th Century Fox spinoffs, and HarperCollins publishers.”
I urge everyone to read the entire article paying close attention to Farrell’s conclusion.—t.h.g.
Rich Class fighting 99%, winning big-time
Commentary: Reagan began class war in 1981, Buffett declared in 2006
By Paul B. Farrell, MarketWatch. Nov. 1, 2011, 10:22 a.m. EDT
SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, “there is class warfare, all right,” declared Warren Buffett. “But it’s my class, the rich class, that’s making war, and we’re winning.”
Yes, the Rich Class is at war with you, with the 99%, a war against America. This class war actually started a generation ago, in 1981 when Ronald Reagan became president. Since then, the Rich Class has been winners. Big-time. And the 99% are the losers. Real big-time.
I am going to keep reminding you over and over of this Rich Class declaration of war and how they’re defeating America.
Why more reminders? Because, except for Buffett, the vast majority of the Rich Class really are engaged in a massive cover-up, a widespread conspiracy that includes the Super Rich, Forbes 400 billionaires, Wall Street bank CEOs, all their high-paid Washington lobbyists, all the Congressional puppets they keep in office by spending hundreds of millions on campaign payola and all the conservative presidential candidates praying the same Rich Class dogma.
Yes, Rich Class has been fighting a 30-year war to rule America
They’re fighting you, winning big-time, and you’re the loser. It’s just one generation since conservatives put Reagan in office: In those three short decades the income and wealth of the top 1% has tripled while the income of the bottom 99% of all Americans has stagnated or dropped.
Yes, they are at war with you, fighting to gain absolute power over America … and they will never stop their brutal attacks.
Buffett didn’t admit to this Declaration of Class War on America till five years ago. It happened in Omaha, Neb., in Buffett’s “unpretentious offices” back in 2006 during a New York Times interview with Ben Stein, a former Nixon speech writer. Here’s Ben describing the declaration of war:
”Buffett compiled a data sheet of the men and women who work in his office. He had each of them make a fraction; the numerator was how much they paid in federal income tax and in payroll taxes for Social Security and Medicare, and the denominator was their taxable income. The people in his office were mostly secretaries and clerks, though not all.
”It turned out that Mr. Buffett, with immense income from dividends and capital gains, paid far, far less as a fraction of his income than the secretaries or the clerks or anyone else in his office. Further, in conversation it came up that Mr. Buffett doesn’t use any tax planning at all.
“He just pays as the Internal Revenue Code requires. ‘How can this be fair?’ he asked of how little he pays relative to his employees. ‘How can this be right?’ Even though I agreed with him, I warned that whenever someone tried to raise the issue, he or she was accused of fomenting class warfare.”
And to that comment by Stein, Buffett made his famous declaration of war: “There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”
In spite of that unequivocal declaration, Buffett’s Rich Class buddies still want you to believe that it’s the Occupiers, the lazy unemployed, the 99%, someone else, anyone other than their Rich Class that’s fomenting class warfare.
So you need occasional reminders, because the “Rich Class” has been spending mega-bucks for decades to shift responsibility. Fortunately today, folks like the Occupiers aren’t buying the con job.
Here’s a few:
Rich Class warriors: puppet-politicians in GOP-controlled Congress
We know the GOP is the Party of the Rich Class. But the Dems are co-conspirators fighting the class war as pawns of the wealthy. No wonder the Occupy Wall Street crowd focuses on the inequality gap between America’s top 1% and the 99% who’ve seen no income growth since the Reaganomics ideology took over American politics. Many are like House Budget Committee chairman Paul Ryan, clones of Ayn Rand’s narcissistic cult of selfish capitalism.
Listen, both parties are singing in harmony: “Yes, there’s class warfare. And yes, it’s our duty to fight for the richest class of capitalists who are making this war. We must help them win, get richer, squeeze more and more out of all Americans.”
Rich Class warriors: Federal Reserve-Wall Street bankers conspiracy
Yes, there are five banks in America that control about 90% of all the deposits … they control over 90% of America’s trading in the $650 trillion global derivatives casino … they control the Federal Reserve through directors and governors … their campaign payola and lobbyists virtually control the presidency, the Senate and Congress … they siphon huge bonuses from depositors, shareholders and pensioners alike:
“So yes, there is a class warfare running our banking system, every day. And yes, the CEOs in our rich class are leading that class war, and winning big. But more is never enough, so we want new ways to skim off profits, because we are invincible, too big and too greedy to fail.”
Rich Class warriors: Pentagon’s Perpetual War-Mongering Machine
The rich class loves war (war profiteering is a big business). Of course they often have to brainwash the 99% with fears like the mushroom-cloud lies Bush-Cheney used to get America into the $3 trillion Iraq War. Americans have a powerful love-hate relationship with war. Why else would we spend almost half our federal budget, several hundred billion dollars, on war every year?
“Yes, there’s class warfare, all right,” the former vice president might say as a one-time defense contractor CEO and oilman who continued profiting in office. He’d obviously admit: “Yes, we’re in a class war, and it’s my class, the rich class, that’s making war, and we proud that we kept winning that war while we was in office.”
Rich Class fighting to turn America back into Reagan’s ol’ Wild West
The list goes on: The Rich Class wants to time-travel America back to a lawless Old Wild West, back to a free-market Reaganomics anarchy where the top 1% trickle down leftovers to the 99% using this kind of self-destructive programs:
- Privatize: Turn Social Security over to Wall Street bankers to run Main Street’s retirements into the dirt (worse than they did in 2008), a $20 trillion blunder that’s guaranteed to trigger total bankruptcy of the America economy.
- Vouchers: Turn our educational and health-care systems into a voucher system so that private companies owned by the Rich Class can siphon off even bigger profits from every little trickle-down bone the wealthy toss to parents, the sick and elderly.
- Regulations: They’ll also turn over environmental, drugs, food, banking and all other regulatory agencies back to be controlled by the very company executives they’re supposed to be regulating, just like Bush and Cheney did for eight years.
- Tax-Free: Extend Bush tax cuts to Rich Class, eliminate estate taxes and give Corporate America another tax–free holiday to return huge foreign profits so they can deposit those profits direct into pockets of the Rich Class.
But, of course, there’s nothing new here. We just forget so easily, because it’s so bad. Which is why we’ll be reminding you often that the Rich Class has been fighting this war against you for 30 years, since Reagan.
And they’re so greedy they cannot stop fighting. So they will likely keep attacking the 99% for another decade, till the 2020 presidential elections, or more likely, till a catastrophic collapse of the economy coming soon.
Yes, folks, America really is under attack daily. We are fighting on the defense in an historic class warfare. Yes, the Rich Class really did start this war. And yes, they really are winning, big-time. And yes, they are addicted to winning at all costs, to get richer and richer just for the sake of getting richer and richer.
They have no conscience about the collateral damage done to the rest of Americans. They’ve lost their moral compass. In short, they will fight this war to the death, yours, theirs, even the death of America. Bet on it: Because more is never enough for America’s morally bankrupt Rich Class. [emphasis added-ed.]
Copyright © 2011 MarketWatch, Inc. All rights reserved.
I could go on… Does anyone else really think that Marx was “commissioned” by bankers? His concept of dialectic materialism is actually quite profound; namely that history turns on basis of who actually and materially gets what, as opposed to official slogans and high ideals stated by the various participants at the time. That was a huge departure from the way that history was understood up to that point. Those who get all the stuff are in inevitable conflict with those who don’t. If the ones that get all the stuff get too rich (and too few in umber) and the have-nots get to hungry (and too numerous) then the have-nots tear shit up. Its a case of the too much to loose vs the got nothin’ to loose. History has been driven that way since the first group of cave men — ’till now. And if you want to picture the future that model will likely give you the best result. Good Luck and may God bless.
Would you agree that a system where everyone is united for low taxation(flat) is not the same as a system where everyone is divided over how much people of different income levels should be taxed? Why didn’t the great Marx ever say one word about creating a currency not controlled by private bankers? Don’t you think he knew that bankers know how to create the illusion that they are a lender? It’s the oldest trick in the book.
Philoplatt seems to see progressive tax as the key to understanding the progression of history. Its like someone that found one big concept that he could grasp and then latched on to it like it grim death. Would that it were that simple, that black and white. Think. There is certainly much more to the situation we are in than progressive versus flat taxation.
Because the Greeks were divided into two types of Gov. at the time. Democrats which were the lower class and who wanted war because it would benefit them. OR the Oligarchs who didnt want war bc it wouldnt benefit them bc they were just risking all they had if they lost the war. Did the war cause there ultimate downfall or did it help them?
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This article seemed extremely biased to me. For example, throwing the name of Ayn Rand in, when anyone who read Rand knows she never advocated the Federal Reserve Board, and never advocated governent as a solution.
Granted, the rich wage war, and granted, Ayn Rand supported the idea of the rich competing freely, but she never advocated use of government in any way to aid the rich.
You should take that up with Farrell. I’d like to see how he responds to it.
Don’t you think Rand new exactly how banks parasite off of the debt producers incur with each other? How do you think they get away with this – “philosophers” commissioned to create solutions to what is not the problem. You don’t think Rand ever heard that who controls the currency writes the laws?
Rand advocated a separation of business and state like the First Amendment separation of church and state. Without government aid, the businesses would have no way to control the growth and monopolization of money, except by honest effort and superior performance.
Capitalism is the transient pursuit of monopoly. That’s what it is, that’s what it does. And there’s nothing wrong with that, just as there is nothing wrong with the virtue of selfishness, in itself.
I wrote an essay, which i still have a copy of, published in 1980, in which i predicted the condition s of debt and inflation would continue regardless of which party was in powre, and I told why it would happen. The system has been established so that it doesn’t matter which of the repubicrat parties gets elected. It’s been that way since 1913 at least.
Much of what Farrell writes are red herrings themselves, like privatizing Social Security. let the people use their own money as they wish and fuggeddabouddit. Eliminate Social Security altogether, and politicains can;t control it as a political football.
When you vote for “good” government to control “bad” government, you still have to expand government. The rich wage war on us through government, so get rid of government.
What about states that actually work well for their people. Finland, Norway, Sweden, Switzerland, Denmark and New Zealand are rated among the best places in the world to live. Maybe scale has something to do with it. Earth Policy Institute has an interesting study on failing states, “Demographics Loom Large in State Failure.”
Keep your eye on the ball – monetary reform. My point was not everyone is sincere.
Last I read, New Zealand had a far more anti-centralized government philosophy than the US. Seond, loking at the links you provide, the emphasis is n de-centralized power sources, such as wind, solar, etc. You are talking about scale in which de-centralization is the key, the same concept emphasized in “The Federalist Papers”, and in which Madison himself referred to paper mney as a “wicked project”.
As I remember, but i could be wrong, the countries you list have far more liberal poilcies toward drugs than the US, who has madde it a point to increase govetrnment pwoer by enforcing “righteousness”.
So, if economies of scale wrk, they will work from a de-centralized perspective in which the people can rganize, interconnect, and network around principles of worldwide communications , not government from the top down.
Therefore, the ideas espoused by Ayn Rand actually work well with ideas of multiple currencies accomodatingf multiple power surces, etc.
Throughout history, bankers have commissioned propagandists(Plato and Marx for example) to create a vision of “utopia” for the masses to strive for – a utopia that conveniently says nothing about the fact that it is who controls the currency that writes the laws. The effect of this – imagine: a donkey with a stick fastened to the top of his head. At the end of the stick is a carrot(utopia). As the donkey is trying to move forward to get the carrot, an elephant is tugging on his tail. Bystanders watch this and begin to take sides – some want the donkey to get the carrot and root for the donkey. Some don’t want the donkey to get it and root for the elephant. Meanwhile, the banker is parasiting off of the bystanders and figuring out new ways to distract them from seeing the stick. The “stick” is wealth-redistribution by way of progressive taxation. The donkey wants more progressive, the elephant wants less progressive. Two polar opposites that don’t exist without progressiveness. Thus, get rid of the “stick”. Enact a flat voluntary income tax. Publish what everyone pays per year for the public. Soon taxes will be extremely low, and most will over pay. And, the public will of course realize that it was the banker who indoctrinated them into accepting a progressive tax in the first place. We are in utopia – banker utopia.