The Sinking of the World Economy

A dear friend, for Christmas, sent me Freefall: America, Free Markets, and the Sinking of the World Economy by Joseph S. Stiglitz, winner of the Nobel Prize in Economics. Chuck Leddy of the Boston Globe: “Freefall is a must read for anyone seeking to understand the roots of the financial crises.”  Absolutely!


On page 4 of Freefall, I read under “The Story in Short,” “There is no natural point to cut into the seamless web of history.”  End of story.


 I read that Stiglitz had consulted with Congressman Barney Frank and Treasury Secretary Tim Geithner and found their input helpful.  By page 4, he had already stated that free enterprise is not the answer.  He asserted that we are living beyond our means in America and the rich should be taxed more. Stiglitz is the establishment speaking.  I’m anti-establishment. I closed  Freefall at page 4 and went back to Knockout by Suzanne Somers.


 I was reading about her interview with Dr. Nicholas Gonzales.  Somers asked Dr. Gonzales if he was into nutrition and alternative medicine for the money.  Stigllitz and Leddy are unable to find a natural point to cut into the seamless web of history.  How about the point in time when America’s pioneers declared their independence?  Was it unnatural?  Is their present time natural?  I don’t think so.


Dr. Gonzales: “If I wanted to make money, I’d become a cardiovascular surgeon making $60,000 an operation.  They do two a day.”


Somers: “Do you think your kind of medicine will ever see the light of day?”

The kind of medicine Dr. Gonzales practices was applicable to all phases of American life in early America.  The best wagon builder in the community prospered. It's called free enterprise.


Gonzales: “I think it has already seen the light of day.” Speaking to Stiglitz and Leddy on understanding the roots of the financial crises,  Gonzales: “One of our big problems is that our medical and political leaders could care less. They talk about global warming, but they never get into nutrition or alternative medicine.  The drug companies control medicine, and they are very powerful. There are a thousand full-time, paid drug industry lobbyists in Washington, D.C.; that’s not counting state capitals. That’s two for every senator and congressman.  A thousand full-time drug lobbyists and they are all getting six-figure salaries. But I think the truth is very powerful. And I also believe that truth always comes out on top.”


Somers: I have buried two people in the last week with pancreatic cancer. I begged, begged one of them to try another way, your way, but they were both sold this bill of goods. One died in four months, the other in a year. Why do patients go for it? I watched my friends degrade before my eyes. 


Gonzales: “You can’t save them. You just have to love them and let them do what they want to do.”


Dr. Gonzales’ mentor was a chemist named Kelly. Dr. Gonzales asked Kelley, “What percentage of cancer is physical, what percentage is nutritional, and what percentage is psychological-spiritual. He waited about two seconds, and then he said, ‘It’s 100 percent  physical and 100 percent nutritional.’  He waited about two seconds , and he said, ‘It’s 100 percent psychological.’ And then he waited two more seconds and said, ‘It’s 100 percent spiritual in every single patient.’”


Stiglitz said on page 4 of Freefall, “There is no natural point to cut into the seamless web of history.”I take this to mean it is at his point you have to cut into the seamless web.  In opposition, Kelly was saying that you can’t separate the law, religion, or science. It is all in one seamless mold.  Stiglitz, an establishment freak, cuts himself slack in natural law. This is at the root of the financial crises.


Alas, speaking of my dear friend and my Christmas present—that is, how to become a socialist—“You can’t save them. You just have to love them and let them do what they want to do.”





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