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Building an Open Future [This Network is not currently active and cannot accept new posts] | | Topics
World Financial Markets?Views: 227
Sep 22, 2008 12:07 am World Financial Markets?

John Stephen Veitch
I'm surprised by two things. First of all by how many people have been blowing the whistle on the corruption and lack of prudent control on USA's financial markets, for years. My prime source has been Catherine Austin Fitts, who started pointing out the problems 10 years ago. In the last 4 years she's become more and more vocal, and has been active in suggesting ways we can protect ourselves and our communities from this sort of malpractice.

People who have tried to tell the story have been sidelined. Here is a short example of what happens to whistle blowers.

Secondly, on these forums I'm amazed by how little discussion there has been about what is happening. It seems to me that:
a) People don't understand the markets.
b) People don't understand that politicians have encouraged both the corruption and the cover up.
c) Americans don't understand that their currency has just been massively devalued.
d) People in other parts of the world don't realise that America extracts a FINANCE TAX from the rest of the world so that part of the COST of the USA's failed policy is paid by people like me.

The Republican Party is so much the CAUSE of the problem that the party should have no further future in US politics. GW Bush should have destroyed the Republican part forever. Sadly, the political process of the USA is so badly broken that isn't what's happening.

The Democratic Party is so much a co-conspirator in the problem that they should struggle to get themselves elected. Neither party is credible.

Therefore, who should American's be voting for? That's what I mean when I say the process is broken. There are no alternatives that are obvious because the Democrats and the Republicans have for as long as anyone can remember maintained a "two party club". I say "two party", but really I see them as one party with two wings and no effective opposition. That is the problem.

To have an OPEN FUTURE every country needs an open political process with REAL alternatives. I don't know of any country that has got this entirely right. Certainly not the USA, Canada, UK, Australia or New Zealand, the countries that I know best.

The FIRST STEP is getting a political system that works is to get rid of winner takes all voting at elections. Proportional voting can be achieved in many different ways, and will always produce a government with some independent voices. The ability to recognise truth and to discuss the necessity for change is always identified and promoted by these voices on the fringe. It's that input of fresh ideas; sometimes unwelcome ideas, that keeps the political process alive.

We have tried to do that in NZ. We've been halfway successful. We do have a process with several minor parties, and they have had the effect of making the two major parties look firmly at reality. For us the future of politics is partly open. In the USA, the future of politics is mostly closed.

John Stephen Veitch
Open Future Limited - http://www.openfuture.biz/
Innovation Network - http://veech-network.ryze.com/
Building an Open Future - http://openfuture-network.ryze.com/

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