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“The Cult of Celebrity is supported by an aggressive brainwash machine promoting the wrong heroes in the face of our stressed infrastructure. For example, in a film about a brilliant mathematician, we are trained to believe that the actor is the proper icon. Or in the case of a beautiful song about human rights, we are conditioned to venerate the performer. The net result: shortages of great mathematicians, shortages of social activists, but no lack of entertainment celebrities posing as gods.”
“The concept of a ‘billionaire philanthropist’ is an oxymoron. If somebody has amassed a billion dollars, that person likely did so by overcharging for products/services through monopolistic power in the marketplace. It would be much more impressive to see the ‘billionaire philanthropist’ drastically cut prices for the benefit of mankind rather than merely handing over 10%-20% of personal net worth for purposes of obtaining a tax break.”
“There is a strange illusion of freedom in this plutocracy masquerading as a democracy. Yes, we have the freedom to be obscene, wear the latest Halloween costume, and behave rudely. But we remain slaves to a system that will imprison us if we don’t pay our taxes, compels us to buy essentials from monopolies, and will seize our house if we fail to make the mortgage. Just because you can say ‘f-ck’ in public does not change the fact you remain a slave to the dollar bill.”
My Final Advice to Prof. Krugman, Bank Nationalization! Why No!rnrnPlease review the history of Citi ( C ) and Hongkong and Shanghai Banking Corporation Limited (HBC) in China! rnrnBefore the Communist took over China in 1949, C (National City at that time) and HBC through a lot legal channels transferred their assets to America and Hong Kong! So many rich Jews and Chinese in Shanghai can retain their fortune back in the British colony, Hong Kong and freedom US. They survived well there! And the Chairman of HBCrnAlways has an appointed seat in Executive Council, a ruling Chamber of Hong Kong before 1997. rnrnNow C and HBC all back in China and doing business in Shanghai! Chinese trust them! They are the international branded name there!rnrnIn diplomacy, a private- handed international Bank represents part of soft power, hard power and can be smart power of a country! rnrnNow UBC almost broke and retreats from international arena, the Royal Bank of Scotland may be dismantled and retreat from international to England corner too! Why we have to temporary nationalize Citi or Bank of America and later disband it later? It makes no sense to destroy Citi, an international soft power, hard power and smart power in the world! In terms of security, it is foolish too (I can not talk further, sorry!)rnrnEnough! Prof. Krugman is very smart man not like the Time Magazine’s 25 sinners of Recession, especially the noted one, Alan Greenspan! rnrnInternational Bank could be a soft power, hard power, smart power and security power! Got it? No Bank Nationalization, Prof. Krugman and NYT!rnrnrnrn