Tag Archives: class war

David Stockman on Donald Trump’s Demagoguery—The Dangers And Digressions Of It

David Stockman, who was Budget Director under President Ronal Reagan, makes a great deal of sense in this essay which is about much more than Donald Trump’s “domineering and authoritarian personality” and his scary authoritarian inclinations (he accuses Trump of being and “incipient police statist.)” Stockman also presents facts that belie the justifications for insane government policies like monetization of government debts, the war on drugs, and foreign interventions, as well as the illusions created by the sensationalist media. I recommend reading the entire article but here are a few excerpts.—t.h.g.

Donald Trump’s Demagoguery—–The Dangers And Digressions Of It
By David Stockman

“…both parties are fully onboard, of course, with the massive fraud that has become central bank policy both here and around the world.”

“The Fed has actually purchased $4 trillion of Treasury debt and GSE securities since the year 2000 and funded it with credits conjured from thin air. This has been a monumental act of “something for nothing” economics in which the trillions Congress has wasted on war and peace have been financed with digital money magic.”

“The purported crime and terrorism wave, in fact, is essentially a figment of cable news version of reality TV, and most especially the CNN War Channel and its perennial Black versus Blue &White race narrative. …According to the FBI data there has been an astonishing 50% reduction in the U.S. violent crime rate since the early 1990s.”

And regarding the supposed increase in targeting of police officers by criminals, Stockman points out that, “In fact, the actual rate of intentional, felonious killings per 100,000 officers has been plummeting for decades. During 2014 it was actually 71% lower than the year Ronald Reagan left office.”

“At the end of the day, the overwhelming message of the data is that there is no crime wave nor an eruption of police violence on either the giving or receiving end.” —More

Class War, the Oligarch’s conspiracy, and the Occupy movement

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.

My Summer 2011 Newsletter

The long silence

It’s been a long time since I sent out my previous newsletter in mid-February. That doesn’t mean I’ve been inactive—quite the contrary, I’ve just been too busy to document all the things I’ve been doing or to compile the list of important links and resources I want you to know about. This edition is intended to remedy that.

I returned to the U.S. from Asia in mid-February for a four month stint, but am now back in Thailand for an indefinite period. While in America, much of my time and energy was taken up with preparing and delivering some new presentations, providing media interviews, and trying in vain to keep up with email and other correspondence. The first few weeks in Tucson were devoted to resting up, reconnecting with friends and colleagues, and taking care of some personal business details.

By the middle of April, I had completed a new presentation which elaborates the themes that I began expounding more than a year ago about societal metamorphosis and the “Butterfly economy,” and added more material about “new finance” to my perennial topic of alternative exchange.

The North American tour

Long-time friend and associate, Les Squires, made it possible for me to venture up to Colorado for a few days in April to conduct a series of presentations, discussions, and consultations. Highlights of that trip included my presentation titled, Money and Finance in the Emerging Butterfly Economy, which I delivered to the Highland City Club in Boulder, and another presentation on The Butterfly Economy at the Louisville Public Library. These were co-sponsored by various Transitions groups and individuals and will eventually be made available on my website http://beyondmoney.net.

I had a rewarding but exhausting trip back east in May, with family visits sandwiched in between presentations in Florida and Toronto. The first of these was a workshop that I was asked to provide for members of the Financial Planning Association at their annual retreat. I titled it, Financial Planning in the Emerging Butterfly Economy: Realities, Trends and Discontinuities. You can view the power point slide show at https://beyondmoney.files.wordpress.com/2011/07/greco-fpa-powerpointrevpost.pps. I have a recording of my narrative which I would like to combine with the slide show but I’ll need some help to do that. If anyone has the skills and the time to work with me on that, I’d greatly appreciate it.

The hardest part was the last 4 days in Toronto where I gave a lecture at the MINT film festival on the first day, two TV interviews on the second, and workshops on the third and fourth days, with a lot of consultations in between. That trip was hosted by Glen Alan who, as the new director, has put renewed vigor into the Toronto Dollar currency project. Glen, who happens to be a musician and operates a professional recording studio, is well-connected, very effective, and a fountain of energy.

All of the Toronto proceedings were professionally recorded and are in the process of being edited. Glen and Ron Elmy are putting together a DVD that will be available from The MINT Film Festival website in less than a month. Watch for it on http://mintff.org. You can download a short video teaser now at http://www.ronelmy.com/files/thg.zip.

Already posted are my interview with Frank Touby (at http://www.youtube.com/watch?v=vvCruoYcN4Q), and my interview with Hugh Reilly (at http://www.youtube.com/watch?v=s7nOYCRHjOY&feature=player_detailpage).

My particular vision, interests and expertise are, I think, fairly well expressed in these interviews.

I’m hopeful that my Toronto visit and the follow-up activities will have a far reaching positive impact.

Funding the Common Good


Sometime toward the end of last year I mentioned an exciting new project called, CREW, the purpose of which is to provide a perpetual pool of capital to finance both for-profit and non-profit enterprises that help to create resilient, sustainable communities. It is one instance of an emerging phenomenon called crowd sourcing or crowd funding. CREW is not intended to provide any direct personal gain. Money we put in is not a loan, nor is it an ownership share, but a gift that is intended to be a permanent investment in the common good.

I have great expectations for this initiative, and as a member of the CREW Founder’s Circle, I invite you to join my CREW. We will together decide how the funds in our joint stewardship account will be invested. Just go to http://www.CREWfund.org/tomg, watch the short video, and click on the orange Join Now button.

Recent Posts to my Website

For those of you who do not regularly follow my posts, I’d like to highlight a few especially important ones. You can be notified of new posts by following me (tomazgreco) on Twitter.

  • The war against the middle class. It is ever more apparent that there is a deliberate policy to impoverish and disempower the middle class. As far back as 2006, billionaire Warren Buffet was quoted in the New York Times as saying, “There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” More recently, Senator Bernie Sanders, in a speech to his Senate colleagues, plainly described the war that is being waged against the middle class by the super-wealthy elite and their minions in Congress. Find it at this post, https://beyondmoney.net/2011/03/28/what-happened-to-class-war-in-america/, and search “Sanders” on my site for additional material on the subject. This is not simply an American war, but one that is being waged globally, as we see from the austerity that is being imposed on Ireland, Greece, and other “developed” coutries.

One aspect of that war is the ongoing shifting of the tax burden from corporations and wealthy individuals onto the backs of the poor and middle-class. Former Labor Secretary Robert Reich explains that part of it in a 2 minute video. See it at, https://beyondmoney.net/2011/06/20/the-truth-about-the-economy/.


  • I’ve written a new article, Reclaiming the Credit Commons, the Key to a Peaceful and Happy Society, that will be included in an anthology tentatively titled, Self-Sustaining Abundance: The Commons, Beyond Market and State. The book project is being supported by The Heinrich Boell Foundation of Germany, and is being co-edited by Silke Helfrich and David Bollier. It will be published early next year in English, German and Spanish.
  • One of my published articles will be included in the upcoming anthology What Comes After Money? which will be published later this year by Evolver Editions (http://www.evolvereditions.com) in partnership with North Atlantic Books, and will be distributed by Random House.
  • The Chinese translation of my book, The End of Money and the Future of Civilization, is now in print.

I’m reassessing how I want to spend my time and energy from here on out. I’d like to be a little less busy, and direct the bulk of my attention to aspects of my work that are most creative, enjoyable, and effective. I’ll be cutting back on correspondence and lecturing, and emphasizing consultations and collaborations with groups and individuals working on projects that show promise of making major breakthroughs toward interest-free cashless trading, equitable finance, and economic democracy.

May we all find the courage to do what needs to be done, in a joyful spirit and with love in our hearts,


Mobile phone (Thailand): +66 84 373 5645
Skype/Twitter name: tomazgreco

What happened to class war in America?

Back in December of last year, I posted an item titled, Class war in America: Senator Bernie Sanders tells it as it is, which included an embedded YouTube video of his speech. For some reason, that video has been removed; I can only speculate about the reason. Nevertheless, it still resides somewhere in cyberspace. Here’s a site to try:


If it disappears from that site, please let me know and search for it elsewhere. This speech is so important that I’m urging everyone to watch it, download it, and spread it around.

Try downloading it here: Sanders on class war

Hard as it is to face, class war is the reality in America today. Far from the American traditions of freedom, fairness, and opportunity for all, we must come to grips with the fact of this decades-long attack on the middle class.

We have the power to succeed in realizing the American dream by taking responsibility, by asserting our inalienable rights, by learning to share, cooperate, and organize on behalf of the common good. –t.h.g.