[Marxism] Fidel Castro: The White House Ghost

[Walter Lippmann <walterlx@xxxxxxxxxxxxx>]

Reflections by comrade Fidel

THE WHITE HOUSE GHOST

http://www.cuba.cu/gobierno/reflexiones/2008/ing/f131008i.html

Three days ago, on Friday October 10, the world was shocked by the
impact of the Wall Street financial crisis. There is no way to count
the millions of dollars in paper money injected by the Federal
Reserve into the world finances to keep up banking operations and to
prevent savers from loosing their money.

The G-7 Finance ministers meeting has agreed to implement the
following measures:

 âTake decisive measures and use every available instrument to back
financial institutions of importance to the system and prevent their
bankrupt.

 âTake all the necessary steps to unfreeze the credit and monetary
markets and to ensure that banks and other financial institutions
have plenty of access to liquidity and funds.

 âTo ensure that the banks and other major financial intermediaries,
depending on their needs, can raise capital from both public and
private sources in sufficient amounts to restore confidence and to
enable them to make loans to families and businesses.

 âTo ensure that the respective national insurance of deposits and
guarantee schemes are robust and consistent so that the minor
depositors continue to have confidence in the safety of their
deposits.

 âTo act, when appropriate, to re-launch the secondary markets for
mortgages.

That same day, the US Treasure Secretary confirmed that the
government will purchase bank shares, thus joining the British
initiative. Both the United States and Great Britain have indicated
that they will purchase preferential shares which are the first to
report dividends but have no right to vote.

President Bush deemed his presence unnecessary at that meeting of
Finance ministers. He will meet with them on Saturday. Where was he
on Friday October 10? No less than in Miami. He was attending a
fundraising for Florida Republican candidates. Actually, with a 24
percent approval rate he is the head of State with the least support
in the entire history of the United States. He was meeting with
business people and ringleaders of the Cuban scum in Miami. There he
was, driven by his maniac anti-Cuban obsession, at the end of his
gloomy two terms as leader of the empire. He could not even count on
the support of the Cuban-American National Foundation set up by
Reagan as part of his crusade against Cuba.

For purely demagogic reasons, that organization had publicly asked
him to provisionally lift the ban on sending direct assistance to
relatives and others affected by the devastating hurricanes which hit
our people. Raul Martinez, a former mayor of Hialeah and a rival of
Congressman Lincoln Diaz-Balart, had criticized the current policy of
the man who was elected President by fraudulent means with less
national votes than his adversary, due to Floridaâs weight in the
electoral vote count, when he failed to have a majority even there.

On Sunday October 12, the European Union chaired by France agreed to
request from the United States the organization of a summit
conference to âreestablish the international financial system.â This
much was stated by President Sarkozy after a meeting in Paris of the
euro zone countries.

Sarkozy indicated that Europe should now join the United States and
other powers to go to the source of the financial crisis which has
sunk the stock markets.

âWe should persuade our American friends of the need for an
international summit to reestablish the financial system,â said
Sarkozy, current President of the EU. It will not be a gift to the
banks, the French President emphasized.

The President of the United States, George Bush, enters today his
last 100 days in power overshadowed by very high unpopularity rates
and one of the worst economic crises in recent decades.

On the other hand, Brazilian minister of Treasure Guido Mantega
criticized the IMF today for describing the advanced nations as
models to pursue. He also said that the standards of these nations
should not prevail in the future reform of the financial system.

âThe world is watching in awe how the present crisis exposes serious
policy weaknesses and mistakes of countries that were considered
models and offered as reference of good governance,â said Mantega at
the International Monetary and Financial Committee, the leading organ
of the IMF.

With an economy torn to pieces, the United States President, who
reached that position in such an irregular and irresponsible way, 
has put in a real predicament all of its NATO allies and Japan, 
the US most developed and the wealthiest military, economic and
technological partner in the Pacific.

Miami is today a madhouse and Bush has turned into a ghost.

The Stock Exchanges could not fall lower because they were already on
the floor. Today, they were breathing happily thanks to the enormous
injections of money artificially inflating them at the expense of the
future. However, this absurdity cannot last. Bretton Woods is crumbling. 
The world will never be the same.

Fidel Castro Ruz

October 13, 2008

3:20 p.m.


=========================================
     WALTER LIPPMANN
     Los Angeles, California
     Editor-in-Chief, CubaNews
     http://groups.yahoo.com/group/CubaNews/
     "Cuba - Un ParaÃso bajo el bloqueo"
=========================================

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