The Brzezinski/Obama Axis


Post By Prof. Paul Eidelberg

[September 23, 2009] Updated September 9, 2015 with a shocking epilogue]

Back in 1985, I wrote an article on Brzezinski for The Intercollegiate Review.  Before citing some of the more relevant passages of that article, it should be borne in mind that Brzezinski, a political scientist, served as President Jimmy Carter’s national security adviser. One does not have to read Carter’s Palestine: Peace Not Apartheid to know that Carter is an anti-Semite.  Brzezinski has earned the same reputation.

Not only has Brzezinski publicly defended the anti-Semitic canard that the relationship between America and Israel is the result of Jewish pressure, but he also signed a letter demanding dialogue with Hamas, whose charter calls for Israel’s destruction. It behooves us to understand the mentality of Obama’s [former] Middle East adviser.

Long before he became Mr. Carter’s national security adviser, Brzezinski rejected what he and most political scientists term the “black-and-white” image of the American and Soviet political systems.  “This image,” he says, “is held by traditional anti-Communists.”  Brzezinski thus affirmed he is not quite an anti-Communist.  In fact, he deplores anti-Communism as “a relic of the Cold War, of the age of ideology.”

Not only did Brzezinski reject the “black-and-white” image of the American and Soviet forms of government, he rejects the very notion of good and bad regimes!  Brzezinski is simply a moral or cultural (or historical) relativist, and relativism has certainly modulated Barack Obama’s mentality.

The influence of political scientists like Brzezinski is wide and deep. His relativism prompts him to negotiate with and appease terrorist regimes.  With Brzezinski as his adviser, Obama will be more disposed to appease Iran and betray America’s allies, above all Israel.

Since Brzezinski is a relativist, he denies the existence of objective or trans-historical standards for determining whether the way of life of one nation, group, or individual is morally superior to that of another.  (The members of the UN General Assembly must be pleased to hear this, despite the UN’s notorious record of condemning Israel without having ever condemned an Islamic state.)

Brzezinski’s relativism also makes him a “weather-vane” political scientist.  He turns with the winds of power. Working in a pluralistic and egalitarian country like America – a secular society – he conveniently adopts tolerance as his operational principle on the one hand, and equality as his primary value on the other.  He is quite at home with the moral equivalency that has shaped US foreign policy toward Israel and Islamic dictatorships.

Brzezinski views history through the lens of Marxism, which, despite its atheism, has much in common with Islam.  Both Communism and Islam are universalistic ideologies that reject the idea of the nation-state.  Both do not regard adherence to treaties between nations as obligatory.  Both Communism and Islam are militaristic and expansionist creeds that do not recognize international borders. Brzezinski’s globalism is evident in Jimmy Carter.  Under Brzezinski’s influence, Carter lowered the defense budget and pursued a soft line toward the Soviet Union. Obama is pursuing a very soft line toward Islam.

As a crypto-Marxist, Brzezinski deplores the nation-state. His book Between Two Ages: America’s Role in the Technetronic Era, declares that “With the splitting and eclipse of Christianity man began to worship a new deity: the nation.  The nation became a mystical object claiming man’s love and loyalty.  The nation-state along with the doctrine of national sovereignty fragmented humanity.  It could not provide a rational framework within which the relations between nations could develop.”  Brzezinski sees the nation-state as having only partly increased man’s social consciousness and only partially alleviated the human condition.

“That is why Marxism,” he contends, “represents a further vital and creative stage in the maturing of man’s universal vision.”  Marxism, he says, “was the most powerful doctrine for generating a universal and secular human consciousness.” Embodied in the Soviet Union, however, Communism became the dogma of a party and, under Stalin, “was wedded to Russian nationalism.”

Although Brzezinski poses as a humanist, he makes a most inhumane statement by saying that: “although Stalinism may have been a needless tragedy, for both the Russian people and Communism as an ideal, there is the intellectually tantalizing possibility that for the world at large it was … a blessing in disguise.”!!! Brzezinski could as readily say: “Yes, Muslims slaughtered more than 200 million people, but Islam brought hundreds of Christian, Jewish, Zoroastrian, Hindu, and Buddhist communities under a single universal vision, that of the Quran”!!!

Brzezinski, a self-professed secularist, is an internationalist whose moral relativism contradicts the moral law or natural rights doctrine of America’s Declaration of Independence. His relativism and internationalism contradict the teachings of the America’s Founding Fathers, who endowed the United States with a national identity and character, as that which animated Abraham Lincoln.  To put it more bluntly: Brzezinski’s political mentality, like that of countless other American academics, is anti-American. An Obama-Brzezinski axis has revolutionary significance. It may accelerate the de-Americanization and decline of the United States [as I warned six years ago.]

 

Epilogue September 10, 2015:

Obama’s nuke deal with Iran is the offspring of Brzezinski’s mentality.

REFUGEES


A picture is worth a thousand words!

A Question of Money – Interest – Bankers


Dow-Bonds

QUESTION: 

Mr Armstrong, interesting article today, the story of the store of value (at least long term) has always confused me. One can look at saving accounts also as an asset as it yields the interest payment and one relinquishes the access to the money. No difference to bonds.

But your article causes some questions: as you stated before the FED buying bonds does not increase real money supply, so what caused the decline of purchasing power of money in the asset class of equities? Is it that the manipulating of interest rates distorted the actual confidence and time preference in the economy which can be measured by the velocity?

You posted earlier that the velocity has declined. People do not want to invest but save which is not an option for big money as it doesn’t yield any or very little return. Hence enterprises buy back shares and smart money has no other option.

Interest rate hike by the FED, eventually increasing retail participation, a cooling world economy, sovereign debt crisis and the flight to the Dollar. The outcome of your computer, a rise in US stock markets including a possible phase transition, seems comprehensible.

The only thing what leaves me with amazement is what do they really intend? I don’t believe that the families who run the banking system, operating for centuries in money business, do not understand that. I can only assume that for being protected by government the banking cartel buys the governments time and keep financing the deficits.

Best regards,

G

INTR-CCON

ANSWER: The problem in so many areas is that we can focus on one issue, but the answer is a complexity of variables. The history of interest rates has been provided on this site. Interest rates in a developed economy reflect the “option” value on the expected decline in purchasing power of money. If I expect it to decline by 5%, then I expect a profit and say want 8%. You in turn will pay the 8% only if you think you also can make a profit above 8% perhaps 10%+.

In an UNDEVELOPED economy, we transpose the depreciation risk of money with risk in general. Lacking any developed economy, one will lend only based upon the risk of getting repaid. Therefore, without a legal system, the risk is either the person or the political climate. When we look at the history of interest rates, I demonstrated that the rate of interest even within the Roman Empire increased the further you moved away from Rome. Hence, the lowest interest rates are in the dollar and they rise in other countries based upon perceived political risk. Greece’s interest rates are significantly higher than those in Germany. This is a reflection of political risk, not simple the future inflation rate in the Euro.

The Fed did not increase the money supply with QE easing and we have see that 9 months of QE in Europe has also failed to create inflation. What happened to the whole theory of the quantity of money impacting inflation? The problem lies in the definition. When US government debt was illegal to borrow against using it as collateral, then issuing debt DID NOT increase the money supply. When that was changed and you can post TBills as collateral to trade, then there is no longer a difference between debt and money.

1864$10CompoundInt (2)

The US government did not issue paper money after the Revolution until the Civil War. To encourage people to accept it (CONFIDENCE), it paid interest. In reality, this was a form of circulating bond. The term “greenback” referred to the issues that did not pay interest and were not purportedly backed by silver or gold. You turned it over and it was just green ink with no promises.

Fed-Excess Reserves

So the Fed buying in bonds did not increase the money supply and it failed to create inflation as expected BECAUSE it merely swapped bonds (money paying interest) with non-interest paying money (electronic entries). The bankers then complained so the Fed created the Excess Reserve Facility, where banks have nearly $3 trillion in cash. The SF Fed argues Milton Friedman said they should pay interest on reserves. That was only on the required reserves. The creation of the Excess Reserves totally negated the entire idea of stimulating the economy for the banks never lent the money out. It became a giant swap of bonds for cash deposits at the Fed which it then had to pay 0.25% interest.

Velocity-Q2-2015

So now turning to the VELOCITY of money, a decline here demonstrates that people are HOARDING cash (rising in purchasing power as assets decline), as well as banks (Excess Reserves). We have companies buying back their own stock further shrinking the supply of equities also fueling the deflationary spiral. The Excess Reserves at the Fed show just how much banks are hoarding cash.

Therefore, we can see the deflationary trend and the contraction right here. The US share market has been at the high-end of trading, but it did not breakout beyond our second target which was the 18500 on the Dow. The market indeed doubled as we warned coming out of the hold in the 6,000 level passing 12,000, which is the MINIMUM requirement to start a Phase Transition. We nearly tripled by the 2015.75 target beating our minimum doubling requirement, but this was still not a Phase Transition. Why? Retail participation has been at record lows in stocks. This is a bubble in government debt and why we are at 5000 year lows in interest rates.

Now top the conspiracy. “The only thing what leaves me with amazement is what do they really intend? I don’t believe that the families who run the banking system, operating for centuries in money business, do not understand that. I can only assume that for being protected by government the banking cartel buys the governments time and keep financing the deficits.”

Medici - Tommaso Portinari Fall of Bank

Moth-2-FlameBanking establishments are some of the WORSE investors throughout history. They always go bust and it is government that devours them every single time. Yes, the government has been protecting the bankers for they have also been fueling the debt assisting governments to borrow. Therein lies their own demise. EVERY major banking house have been destroyed by this very same flirtation with power. They are like moths attracted to the flame of a candle, hoping to dance by the light never realizing their wings may get burned.

ECM-Banking-Proprietary-Trading

 

The cycle has change. The wheel of fortune has completed its revolution. Governments are turning against the banks and looking to electronic currency. The days of rumored banking conspiracies is coming to an end as it always has. The banks will be a giant short. When the Sovereign Debt defaults become a contagion, the banks will not be supported by government.

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