Petty Bourgeoisie in Crisis and Conflict

PAIDS and the Black Middle Class

…Politically Acquired Ideological Deficiency Syndrome (PAIDS) …
A negro does not believe any other system will ever exist in our lifetimes.
A negro will never work for the Revolution.
A negro may try to convince you that capitalism is forever, that it cannot be destroyed, and that nothing better can possibly exist+
Negroes will work for Imperialism under any circumstances, and will work against the liberation movement in one way or another.

….PAIDS is the trouble with negroes

One chief problem with the analyses that cross our daily travels is they almost invariably fail to see the big picture. These attempted breakdowns of events in society, and to black folks in particular, resemble the five blind men who fondled an elephant. One felt the trunk and thought it a snake; another felt the leg, believing it was a tree; the third felt the ear and assumed it was a fan; still another touched its tusks, saying it was a spear. Finally, the last stepped in the elephant’s dookey, and thought it was a mud slide.

Like the blind men, few of us have a comprehensive breakdown of what we are dealing with in this bloodsucking capitalist system. Up to our necks in dookey, we think it’s just a mud puddle. Yet the whole is greater than the sum of its parts. Hence, to understand the whole reveals the raison d’etre of its parts, their reason for being.

Probably the biggest failure to understand this derives from the black middle class. Two books, The Black Bourgeoisie by E. Franklin Frazier and The Crisis of the Negro Intellectual by Harold Cruse, explain more to black Americans than the sum of all other works on the genre combined. These two giant exponents of revolutionary analysis give us the best look into the heart of the black middle class and its failure to provide effective leadership. They define the black petty bourgeoisie as a class in crisis, frustrated by its linkage to capitalism and the black working class community which gives it legitimacy. Remove its ideological leadership over the masses of African people, and its relationship to capitalism becomes useless.

The duality of black middle class consciousness, that is, the divided mindset based upon servility to Imperialism and leadership over the black colony, produces a confusing mishmash of ideas and ideologies that cannot help our community move ahead.

Dual consciousness has its basis in the class contradiction. It is, as Malcolm X pointed out, at once identifying with the slave master while striving to represent “a positive image” to the slave. Simultaneously, these “positive images” lack substance. Images all lack substance. An image is a picture, a statue, a representation of something real or imagined. For that reason, the NAACP annually produces its Image Awards. Black magazines and newspapers continually talk about presenting positive images. Mentoring is a method for fostering images. What happens, tho, when the image proves to be false or corrupt or superficial, as all too often proves the case?

Today’s youth culture has come to believe in the images on the dollar bill, images which can be exchanged for something of real value, even if the images themselves prove superficial. The youth have little use for leaders, anymore, because the rhetoric of the black middle class has too many deficiencies and not enuf depth. This class fails to link capitalism with parasitism on the black community. It fails to organize effectively and inadequately supports revolutionary sectors in the black colony, even while racism obviously enjoys legitimacy in capitalist society. The black middle class seems only interested in its own comfort, promotion and exclusivity in the midst of a holocaust taking place in Haiti, the Congo and right here.

In some cases, the black middle class forms the frontline in the war against the black community and its working class soldiers.

It is the middle class that helped arrest, jail, convict and imprison Jamil Al Amin in Atlanta. It is the middle class waging war against Mukasa Dada. The black middle class opposed the anti-apartheid divestment campaign on HBCU campuses across the country. The black middle class in league with Imperialism produced the backwards culture of gangsta rap, and reactionaries like Stanley Crouch and Juan Williams. It produced Clarence Thomas, Ward Connerly, Michael Steele and other enemies of the black community. This reveals the essence of Politically Acquired Ideological Deficiency Syndrome. Because the black middle class lacks an anti-imperialist analysis, because it poses itself as the leadership of the black masses, it remains uncritical of sell outs because PAIDS means getting over and selling out in some way or another.

So the inadequate analyses of the civil rights era left our community bereft of genuine leadership, especially following the US government war against revolutionary movements. Ideas got coopted. Mukasa Ricks started the momentum for the slogan “Black Power”, even tho it had earlier beginnings with Malcolm X and Robert F. Williams. Then, the slogan got quickly transformed to mean something else, “green power, money,” as Floyd McKissick redefined it. Fred Hampton’s Rainbow Coalition, meant to build solidarity for the Black Panthers in their work thru out the black colony, became something else when Jesse Jackson took over the concept. So in this way, crucial elements of our most rapidly growing and most relevant trends became watered down and reformed to better suit the needs of capitalism.

Today, instead of a scientific class analysis of racist confrontation, folks get deluded by a color theory. That is like fighting fire with fire, instead of fighting it with water. Because Imperialism uses a color theory to build and maintain the racist conflict. Theories about Ham, about “survival of the fittest”, about Aryan supremacy and all sorts of nonsense populate the white community and the best the black middle class can do is create more myths. We need a scientific analysis that will remain consistent despite changing conditions, and will provide us with a basis for building  communities of resistance. You cannot build a community of resistance when working for a career. That career can be inside a capitalist corporation or it can be a career making speeches and writing books that do nothing for our advancement.

We have to understand that Imperialism faces a crisis. During this period, the shot callers do not want to see social upheaval turn this country inside out. So they have diluted the racist system by having you focus on a part instead of the whole. They have elevated the status of Imperialism’s neo-colonial program. And one negro in the whites house with PAIDS, who has pulled the US out of the World Conference Against Racism, playing a role similar to Colin Powell’s 2001 act, cannot possibly recognize nor articulate the contradictions facing black people in America or around this planet. We have to begin fighting back against Imperialism.

The time is now to demand Reparations. We must make the demand while the government is doling out $800 billion to bloodsucking financial institutions. We must say we need a program to get our communities on their feet. We must demand this money to help our people not just in this country but thru out the Caribbean and Africa. Working class Africans cannot afford to come down with PAIDS. We have to build our own communities. We have the skills. History only requires our unity and resolve.

WHO CONTROLS YOU: Breaking down the mythmakers

“Illuminati”, or ‘the Trouble with Negroes?’

In the African community, the round table discussions on the Illuminati convey typical misconceptions which portray the elephant as too big to slay. In a piece of info that has been rehashed thousands of times, Prof Griff (below) tells us the Illuminati are supposed to be twelve families/corporations that control the world. However, straight from the onset this view is rife with holes. Which does not mean that twelve families do not control the world! But that is not the primary problem we face as Africans, nor does the “analysis” of the Illuminati tell us what the main problem in society is with them people.

Because if the solution is in melanin, those of us who have melanin need do nothing, our skin color will take over. Which is not to say that I am not proud to be Black, but THAT is a state of mind and not so much a natural essence. Feeding into Griff’s circular illogic can only deepen the pathology for Africans and anybody else who wants to be liberated from Imperialism. Not only that, Griff sums up by posing a number of goofball, half-baked questions that lead us even further away from solutions:

[…] IF THE POPE PULLED DOWN HIS PANTS AND BENT OVER, WOULD SO-CALLED “BLACK” PEOPLE ACTUALLY KISS HIS UNNATURAL WRINKLED ASS?

WHY WOULD SO-CALLED “BLACK” PEOPLE CALL THE POPEHOLY FATHER WHEN THEY DO NOT KNOW HIM FROM A SALTINE CRACKER/KRACKER?

DO WE DELUSIONALLY THINK THAT THE POPE IS DOPE ON A ROPE?

HAVE WE LOST OUR DAMNED MINDS?

Based on these assumptions, we see that the class theory of racist confrontation offers the correct approach towards understanding our relationship to Europe, America and to Africa. The color theory lacks a dialectical, multifaceted attack on the daily problems facing African people anywhere. It might fix the problem for a preacher or a lecturer or a hip hop artist who has something to sell. But the color theory has no problem-solving capacity for blacks laboring under the gun in DR Congo, for the slums in Soweto, for the families oppressed by the oil companies in the Niger Delta. It cannot help Africans in Somalia where white power accuses them of piracy whilst dumping nuclear, chemical and household waste off their coasts. The color theory will not combat AIDS/HIV. Melanin, a chemical within the skin that has fascinating properties, will not automatically fix that problem. We, as human beings, cannot reduce our experience to the properties of any particular substance, biological or otherwise. Our complexities and composition are so much more than that. So how the hell do the color theory advocates think up this nonsense, as if anyone other than a psychiatrist should care to kno.

Them Illuminati bloodsuckers, first of all, are not illuminated nor enlightened and we who are struggling to transform our conditions have absolutely no business referring to them that way. So we must break down the mystification process, which by calling them the “Illuminati” only contributes towards portraying this herd of beasts as too big and too ferocious to slay, and encourages us to accept slavery because that is our place. Griff’s indignation about the pope touches upon this, tho it doesn’t transform our consciousness in a revolutionary way.

In fact, we have little business approaching any question of exploitation and oppression without a class analysis. The class analysis of the Vietnamese helped them defeat both French and US imperialism. It was the class analysis of FRELIMO in Mozambique and PAIGC in Guinea-Bissau which helped Africans defeat Portuguese colonialism. The founder of revolutionary Pan Africanism,  Kwame Nkrumah, left us a class analysis. Every successful anti-colonial, anti-imperialist movement of the Twentieth Century had a class analysis based upon dialectics, Internationalism, and building a community of resistance. (For more on revolutionaries and their movements, see “THREE!”) If Griff has accomplished more than those human beings have in fighting against the white power system, then I will gladly adopt his theory and use it to liberate 900 million Africans thru out the Americas and our beloved Motherland. If not, Professor Griff needs to check his pimp game at the curb!

Hence, what is the problem with the analysis that attributes power to the Illuminati?  We do not get to see Prof Griff say that the capitalist system is wrong. Info that you cannot use has no use. Capitalism is based upon the concentration of wealth and power into as few hands as possible. So that is the second error in this analysis, after Griff immediately begins mystifying this group of parasites by telling us how the Pope’s insignia adds up to some absurd number of the devil (666). Steve Bantu Biko once stated that the mind of the oppressed is the most formidable weapon in the hands of the oppressor, and Griff leads us directly back into the hands of the Imperialists by addressing some fable about a future woven from nearly two thousand years ago and applying it to a religious officer.

If we understand capitalism as a class system and break it down, we kno the pope is a capitalist. The US prez is a capitalist, the bankers are capitalists, the politicians are capitalists, the industrialists are capitalists. Therefore the civil institutions like churches, community centers, and other formations are generally capitalist, particularly if they receive large monies from capitalist donors. So the pope is a bloodsucking capitalist, yes, Professor Griff.

People instinctively kno the Imperialists’ most important formation includes the State, presently a public system that exists to maintain POWER for private interests. The modern capitalist State operates along several parameters, that is, guidelines that remain in place as long as emergency measures are not required. Democracy, for instance, gives people consent over their oppression and exploitation. They can always be blamed for the government that they choose, despite the fact that the capitalist political system offers them no alternatives. Yet once the State is removed, that is, any group of bodies powerful enuf to topple the State by revolution or reaction will themselves be in charge of society and no Illuminati, Pope or other entity will be able to stand if that group in power so chooses.

Because modern society is a vast interwoven social fabric that stretches across the globe. Our genuine alternatives begin by building collectives. A collective exists as a non-capitalist social formation. It competes with capitalism and is not typically integrated into it. It stresses the importance of people instead of capital. People are not social capital, they are not resources, they are people. Humanity. This is how we understand each other thru the concept of humanness, or Ubuntu.

Now the so-called Illuminati control capitalism, a system based upon the private accumulation of collectively-produced wealth. The Illuminati represent a syndicate that stands above other capitalist formations and aims to control them. Most people do not even understand how these respectable gangsters operate their syndicates, cartels, trusts and monopolies for private power and control. But they are capitalists, and nothing else.

In this respect they do not differ from, say, Louis Farrakhan or Russell Simmons or “the first black president of the free world”. The difference here is the amount of power and control they possess. As Musaveni and Paul Kagame acquire increasing power, Imperialism admits them to the club. Still, tho, such negroes remain simply well-paid yet abject flunkies for Imperialism.

Therefore we may ascertain that the problem with negroes concerns their relationship to the African liberation struggle. This difference separates a negro from a black man or woman. You cannot tell by the outside appearance. You cannot tell thru a conversation. You can only discern the difference thru the outcomes we produce within struggle. Politically Acquired Ideological Defiency Syndrome (PAIDS) leads us to believe everything except the correct theory in our quest for liberation.

A negro has PAIDS and serves Imperialism. A negro does not believe any other system will ever exist in our lifetimes. On that basis, a negro will never work for the Revolution. A negro may try to convince you that capitalism is forever, that it cannot be destroyed, and that nothing better can possibly exist: PAIDS. Therefore, negroes will work for Imperialism under any circumstances, and will work against the liberation movement in one way or another. They will show us how wealth is important, how it is important to have money and bling; and perhaps feed our resentment of white people because they have more amounts of money and bling. Yet, because of PAIDS, a negro cannot possibly be for revolution, for the end of capitalism.

PAIDS is the trouble with negroes, with negro thinking that lacks a class analysis, and the trouble with any leader who starves the whole tribe rather than slaying the behemoth, because some of us may die in the struggle. But for revolutionaries from Jamal Al Amin and Mumia Abu-Jamal to Amilcar Cabral and Tookie Williams, it is a price worth paying to feed a people starving for liberation. So you have PAIDS, or are you a revolutionary thinker and organizer? That is the question.

========================

Iskandar Langalibalele

to alikabdul

show details 2:18 AM (11 hours ago)
Reply

Ali, you have to check out the documentary “Zeitgeist”. It gives a more comprehensive, scientific breakdown of the “Illuminati” and its relationship to banking and the ongoing capitalist economic crises.

One of the things which concerns me is “actionable” information/intelligence. My email gets flooded with this type of info, but I don’t kno a single somebody who in onto this tip who is working to build a revolution. F’instance, there is no agitational component. What does Prof Griff suggest we do? What does anybody talking about the Illuminati suggest? That is the $800 billion question. Not the Jews. Not the Illuminati. Not the Bohemian Club. All these forces behave as parts of a broad ensemble working in concert to maintain a system of ownership and control that you may learn about in any basic Marxist type political education process.

For every problem there is supposed to be a solution, and people who are not solution-oriented cannot possibly build a movement based upon international African unity or any form of anti-imperialism. I say this repeatedly because of the volume of indiscriminate fact-based literature that fills my email. A math problem must be posed in such a way as to yield a solution. Same with astronomy, chemistry, sociology, psychology. So we have to ask how do we DEMYSTIFY the Illuminati; the type of info supplied by Prof Griff does not do that. In fact, it seems to make them bigger than life.

Can we solve any problem by featuring it as bigger than life, or do we stop calling these people the “Illuminati” and give them a name that defines them scientifically in their relationship to the resto of society: the bourgeoisie, the capitalists, the Imperialists. For me, the Illuminati do not exist as a class but a subgroup within a class, like a club. We aint talking about no fucking clubs, we are talking about a SYSTEM! The Imperialists run a system; the capitalists run a system and there is no Illuminati system. That is only bullshit to take the focus off of CAPITALISM! The bourgeoisie (capitalists) exists and poses a problem for us that we can only solve thru the revolutionary process.

As I kno you are an anarchist, you prolly don’t buy any of this. Anarchism is not a scientific theory; it is based in the petty bourgeoisie; it is a theory based upon principles that are not revolutionary or scientific. Anarchists do not have democratic-centralism nor criticism/self-criticism; you have anarchism. Anarchists do not submit to political unity, a party line, solidarity and coalition building; they submit only to anarchism. It is an ineffective method of organization because it is ANARCHISM. Hence, your understanding is petty bourgeois, middle class; anarchism is derivative of a class that mediates the contradiction between the bourgeoisie and the workers; the middle class ameliorates this struggle, it defuses this struggle, and therefore cannot concoct a single permanent answer to the problem that Imperialism poses for the vast majority of the masses. I say this not to insult you, but from a dialectical historical viewpoint. There will never ever be an anarchist revolution. Anarchy is not revolution; it is anarchy.

Iskandar

– Show quoted text –
————————————————————–

Ali K A

to mumiamustlive, J, me

show details 6:40 PM (18 hours ago)
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Here is something very powerful. Check it out.. Scroll down and check out everything.

Ali Khalid

— On Sun, 2/15/09, Professor Griff <7thoctave@gmail.com> wrote:
From: Professor Griff <7thoctave@gmail.com>
Subject: [SOA] WHO CONTROLS YOU?
To:[deleted]

Date: Sunday, February 15, 2009, 5:35 AM

Note: VICARIUS FILII DEI – “Vicar of Son of God” (Title of the Pope)

V-5………………..F-0………………..D-500

I-1……………….. I-1………………….E-0

C-100……………L-50……………….I-1

A-0……………….I-0………………….501

R-0……………… I-0

I-1………………..53

U or V-5

S-0

112

112 plus(+) 53 plus(+) 501 equals(=) “666”

The Pope is known to previously have used and displayed these exact words on his ill-gotten crown. He then rapidly removed these words when the people caught on to the hidden symbolic meaning of the words.

* * * End of Note * * *

HIERARCHY OF DARKNESS (EVIL)

Vatican of Rome, Italy

|

Jesuits

____________ _________ _________ ______|__ _________ _________ _________ ______

| | | | | | |

Illuminati | Council on Foreign Relations | International Bankers | The Mafia |

| | | |

The Club of Rome The Opus Dei The Masons New Age Movement

Extra Food For Thought:

1. “The Catholic church is the biggest financial power, wealth accumulator and property owner in existence. She is a greater possessor of material riches than any other single institution, corporation, bank, giant trust, government or state of the whole globe. The Pope, as the visible ruler of this immense amassment of wealth, is consequently the richest individual in the twentieth century. No one can realistically assess how much he is worth in terms of billions of dollars.”

(“The Vatican Billions” by Avro Manhattan)

2. The POPE can abolish any law in the United States. (Elements of Ecclesiastical Law Vol.1 53-54) 25. A 1040 form is for tribute paid to Britain. (IRS Publication 6209); see also Public Law 88-243 and 88-244 (December 1963).

3. The POPE claims to own the entire planet through the laws of conquest and discovery. (Papal Bulls of 1455 and 1493). With these same “Wicked” Papal Bulls, the POPE has ordered the inhumane genocide and enslavement of millions of people.

4. The Pope’s laws are obligatory on everyone. (Bened. XIV., De Syn. Dioec, lib, ix., c. vii., n. 4. Prati, 1844)(Syllabus, prop 28, 29, 44). The POPE has delusionally declared that he is the “Vicar of Christ” on this Natural Earth.

5. The POPE’s recent visit to the White House signified the re-newing of Bush’s faith to Catholic and the loyal allegiance and supportive alignment with and to the Vatican and the “New World Order” Agenda.

6. The present 2008-2009 so-called Financial Crisis (which will lead to a calculated Recession/Depressio n) is also a fabricated lie and untruth. This Economic Meltdown has been cleverly orchestrated and strategically manipulated by the International Bankers of this World. The rich is about to get richer, the middle class is on their way to becoming poor, and the poor is on their way to being turned into Green Eggs and Ham (Soilent Green).

“Economic Crisis have been produced by us for the goyim (slaves) by no other means than the withdrawal of money from circulation. “ – Protocols of Zion –20

7. On December 23, 1913-The U.S. Congress, late at night with only a small cadre of supporters present, passed the “Un-Constitutional” Federal Reserve Act, surrendering the creation and management of the nation’s currency into the hands of a cartel of a private group of mostly foreign “International” Bankers. It only took 20 years to bankrupt the nation and the people of The United States. In the year 1933, the United States went into a public debt insolvency – better known as Bankruptcy.

8. The Federal Reserve is not Federal. They are no more FEDERAL than Federal Express Inc. On May 23, 1933, U.S. Congressman Louis T. McFadden brought formal charges against the board of governors of the Federal Reserve Banking System, The Comptroller of the currency and the Secretary of the United States for acts of ConspiracyFraudUnlawful Conversion, and Treason along with articles of impeachment being referred to the judiciary committee. The Federal Reserve was allowed in on the American People by a U.S. Senator named Nelson Aldrich who was supposedly bribed to make it all happen. This Traitorous/Treasono us “U.S. Senator” is said to have been a “Rothschild” Agent.

9. The bulk of ownership of the Federal Reserve System is held by certain International Banking Interests. The names of these International Banking Interests are:

ROTHSCHILD BANK OF LONDON

ROTHSCHILD BANK OF BERLIN

WARBURG BANK OF HAMBURG

WARBURG BANK OF AMSTERDAM

LAZARD BROTHERS OF PARIS

ISRAEL MOSES SEIF BANKS OF ITALY

CHASE MANHATTAN BANK OF NEW YORK

GOLDMAN SACHS OF NEW YORK

LEHMAN BROTHERS OF NEW YORK

KUHN LOEB BANK OF NEW YORK

10. The family name Rothschild is adopted from two (2) German words “ROTH” and “SCHILD” which means “RED SHIELD”. Amschel Mayer Bauer Sr. was a Zionist Goldsmith. Over the door of his shop in Germany, he placed as his shop sign of business a RED SHIELD. The Zionists in Eastern Europe, who belonged to the revolutionary movement based on terrorism, had also adopted the Red Flag as their emblem because it represents “Red Blood”. Mayer Rothschild’s real name is Amschel Mayer Bauer, Jr. but later adopted the name “ROTHSCHILD” .

11. In the approximate year of 1770, a syndicate of International Bankers led by Mayer Rothschild started the “Illuminati“, a SATANIC Cult designed to subvert society. According to Edith Starr Miller, the Rothschild syndicate included so-called Jewish/Zionist finaciers such as Daniel Itzig, Friedlander, the Goldsmids and Moses Mocatta (Search and Reference a book entitled “Occult Theocracy” p. 184). According to Miller, the goals of the Illuminati (Communism and the New World Order) were the destruction of Christianity, Monarchies, Nation-States, the abolition of family ties and marriage by means of promoting homosexuality and promiscuity; the end of inheritance and private property; and the suppression of any collective identity in the spurious name of “Universal Human Brotherhood” (for example: “Diversity”) – p. 185 of the same book “Occult Theocracy”.

Questions for Thought?

WHY DOES THE POPE BOW DOWN AND PRAY TO A “MELANINATED” (SO-CALLED “BLACK’ MADONNA) BUT MAKE WAR AND ORDER PAPAL BULLS FOR THE INHUEMANE SLAUGHTERING OF COUNTLESS NATIVE “MELANINATED” PEOPLES???

WHY HAS HE FORCEFULLY HI-JACKED THE WEALTH AND RESOURCES FROM THE “NATURAL” ABORIGINAL PEOPLES OF THIS NATURAL EARTH?

DID THE POPE DIABOLICALLY ORDER THE DEATH OF A “FULLY-MELANINATED” SO-CALLED BLACK HUE-MAN NAMED YASHUA (Also known As JESUS CHRIST)?

DOES BARACK AND MICHELLE OBAMA ALSO HOLD THEIR ALLEGIANCE TO AND SECRETLY SERVE THE POPE? AND IS THIS WHO THEY ALSO WANT US TO SERVE?

IF THE POPE PULLED DOWN HIS PANTS AND BENT OVER, WOULD SO-CALLED “BLACK” PEOPLE ACTUALLY KISS HIS UNNATURAL WRINKLED ASS?

WHY WOULD SO-CALLED “BLACK” PEOPLE CALL THE POPEHOLY FATHER WHEN THEY DO NOT KNOW HIM FROM A SALTINE CRACKER/KRACKER?

DO WE DELUSIONALLY THINK THAT THE POPE IS DOPE ON A ROPE?

HAVE WE LOST OUR DAMNED MINDS?

I PERSONALLY WOULD NOT TRUST THIS SHADY CHARACTER WITH A CHOCOLATE COVERED CHEESE-STICK OR A DILL PICKLE DIPPED IN PEANUT BUTTER.

AIN’T NO HOPE IN THE “PALE-FACE” POPE !!! (MELANIN IS KING)

WHO DOYOU” SERVE?



professorgriff@ hdqtrz.com

www.myspace. com/xminista

http://www.youtube. com/professorgri ff

www.myspace. com/professorgri ffofpublicenemy

http://livinginblac k.ning.com/ profile­/ProfessorGriff

Asante sana

Spin on Meltdown Defuses Indignation

A War on Society by Capitalism and Government

By I. Langalibalele

Two contending views exist concerning how the financial meltdown happened. Neither one is entirely incorrect, yet whichever view dominates will determine how society responds to the bail out. People must understand that their interpretation of events is based upon however themselves they perceive their relationship to the power structure and to the economic forces that run this country. Which in turn determines how democracy will operate thru the next period of political hegemony over the masses of Americans.

On the one hand, there is the belief that an over-extended practice of credit lending stretched thin the liquidity of US financial institutions. This view says that Americans lived on credit. They used credit to pay for everything from big ticket items like houses and autos and furniture and plasma screen televisions, to paying off utility, grocery and clothing bills. This view is not entirely wrong, but it is not at the root of the problem.

According to Milton Friedman, late architect of the cut and spend voodoo economics of every administration from 1981 to the present, economic crises stem from cash being regulated rather than distributed. In this scenario, the cash being regulated by the banks and corporate finance institutions have done what is characteristic under capitalism.

Wealth hoarded from society by financiers gets concentrated. They transform it into asset-backed commercial paper, which can be packed into briefcases, transported and negotiated anywhere. Sophisticated funds such as hedge funds, arbitrages, derivatives and other forms of capitalism are driven from the very credit market that the right-wing accuses Americans of having abused. Freidman was not wrong about cash being locked up, but he was the leading advocate of those responsible for concentrating wealth, a seeming paradox.

Liquidity is locked up in asset-backed commercial paper. Huge funds are driven by firms that bundle mortgages and sell them to investors; your home is only worth the down payment. Investors back their speculative investments such as oil futures on bundled real estate which has in part driven the price, not the cost, of gasoline over the last three years.

Wealth is locked up, Milton Friedman, by a handful of capitalists making war against society, assisted at the uppermost levels of the State.

Out of this current period, a massive shakeout of small investors has taken place, whereby people having their pensions tied up in stock options have taken another hit. From the S&L scandals of the Eighties and Nineties, to the DotCom shakeout and the stock option swindles — led by Tyco, Enron, Worldcom-MCI, and others — to the current financial crisis caused by the subprime housing market started during the Clinton era, the cycles of massive fraud and rip offs by corporate America seem to be building with increased frequency and viciousness.

Imperialism, international monopoly finance capitalism, has arrived at the point in history where it must cannibalize its base inside the world capitalist centers. For this, capitalism has less use for colonialism and racism. It no longer requires a theory of white supremacy as it shifts capital resources into China and India. Capitalism’s continuation as an economic force today depends upon reducing the conditions of all workers to the lowest possible state and keeping them divided.

Were that not the function of capitalism, workers would actually be paid for the value of their labor. Which underscores the logic that the crisis in social relations occurs at the point of production. This economic meltdown derives from the crisis in social relations created by capitalism, which takes place wherever the class struggle bumps heads. It is bumping heads right now where the banks are being bailed out to the tune of $700 billion. If the government directly bailed out mortgagees, that would reduce the amount to only $150 billion or so.

The Gubernatorial-Oppenheimer Party wiped out the biggest economic boom in history, That was like wrapping a show-room floor Maserati around a tree on a test drive, and walking away unfazed. The party of democracy thru Imperialism, using Imperialism to spread its limited democracy, has achieved its mission, waiting awhile to implement neo-fascist economic and political policies to eradicate unions, the Left, and civil society. It must wait for the Dems to lure the people back to sleep by working Imperialism thru democracy.

So, to say the credit system caused the financial meltdown is not completely true or even remotely accurate. The money locked up by banks derives from value produced by every worker in America and then lent back to them at exorbitant rates.

Working people build houses, thereby transforming raw land into real estate. And in America, land was never honestly purchased or traded; it was looted from the Turtle Islanders. American capitalism on free land built upon the slave labor of African people still cannot produce wealth without thievery, deception and misery.

This tendency adversely effects democracy and defines the next period of hegemony over working and poor people. Once the so-called government bail out of the banks gets finalized, new regulations and policies will go into effect.

As the corporate media defines democracy and flagellates the average American about having used too much credit, guilt becomes the new black. The supposed white guilt about racism that never was — because anti-racism never was about white guilt — will miraculously become transfigured into white guilt about finances. And the Democratic Party will implement the new regime under what will be, in  the upshot, Imperialism thru democracy.