AMSTERDAM (AP) - A U.S. photographer won the top prize in the World Press Photo competition Friday with an image of a police officer searching a debris-strewn home in Ohio to ensure evicted residents had left after a mortgage foreclosure.
The photo, seen here, shows officer Robert Kole with his service glock drawn as he marches through the homeoner's home to enforce the eviction. Furniture is overturned, a china cabinet's door is ajar, and canisters are visible on the kitchen counter top in stark justiposition to officer Kole's intensity. The photo was taken in Cleveland, Ohio March 26, 2008 by Anthony Suau for Time magazine.
In a statement issued to the press, jury chairwoman MaryAnne Golon said, "Now war in its classic sense is coming into people's houses because they can't pay their mortgages."
The competition's jurist obviously keyed in on the world economic crisis that is believed by many to have been engineered, beginning with the U.S. housing market. Many have blamed Alan Greenspan for his policies at the Federal Reserve (which is no more a part of the U.S. government than is Federal Express), and certainly, he is culpable in that he supplied cheap money and did not "...regulate mortgage lenders enough". (http://seekingalpha.com/article/72471-the-housing-crisis-personal-responsibility-and-wishful-thinking)
Markham Lee, a Seattle based Management Consultant (http://www.analyticwealth.com),says, "It's easy to say in retrospect that any market boom was a bubble. But as we've noted here before, the U.S. and the rest of the world undergo periodic financial crises, typically after a bout of central bank tightening. How soon we forget.
It has happened over and over -- in 1987 with the stock market collapse; in 1990 with the S&L crisis; in 1995 with Mexico's peso meltdown; again in 1997 with the Asian crisis; once more in 1998 with the Long-Term Capital Markets disaster and Russian ruble collapse; and in 2000, with the largest stock market decline ever, at least as measured by the bellwether Nasdaq."
In this instance, I agree with Lee that the housing market crash was brought on by another round of Greenspan-engineered Fed tightening, and not by "cheap money", as critics have noted. Irregardless, the salient point and keyword here is "engineered".
Back to the photo competition....
"Other jury members noted that people around the world could identify with the evicted family." Juror Ayperi Ecer said the image "visually is both clear and complex. ... 2008 is the year of the end of a dominant economic system."
End of a dominant economic system?
I sincerely hope and pray not.
Yes, an end to the pratfalls of a mismanaged Fed. In fact, this is a clarion cal for abolishion of the Federal Reserve entirely as far as it's stranglehold on U.S. economic policy and the operation of government.