As we move ahead into 2011, one theme presented is a matrix like split in western societies, particularly in the US. This split revolves around a corporate media portrayal of the world where reality is landscaped by an ideology, and by an actual reality that increasingly diverges from that untouchable paradigm of media concocted “truth”.
In this synthesized version of reality revolving around ideals such as fan worship, celebrity gossip and political correctness, independent or critical thinking is discouraged. Inconvenient events are to be quickly forgotten or deconstructed into an unrelated chain of events.
There is now rarely any mention of the two wars the US is currently fighting, one being the longest in US history. There are no images of Detroit on TV, where garbage collection has now ceased and trash is piled up in the streets 30 feet high. There are no live video reports of 8,000 formerly middle class families now living in the woods in tents in three counties surrounding Orlando Florida. There is no mention of miles of sub surface oil slicks poisoning our air and water. There are no warnings about toxic seafood. There is no discussion about lives and generations old ways of life that have been destroyed by greed and corruption. 85 percent of US college graduates are returning home after graduation jobless and saddled up with a lifetime student loan debt but you have to read about that outside the corporate medias realm. The truth has become bad for business.
From the corporate media there are instead sound bites, bright lights, smiling faces, and corporate media news lies built around an ideological and political agenda. Anyone in the media who fails to dutifully execute the party line propaganda is quickly un personed. Any high profile figure who dares to contradict the party line encounters a vindictive character assassination by the people who formulate everything you think you know. The “experts” they promote are professors of fraud, quite often of the now thoroughly debunked Keynesian economic theory kind.
There is a new elephant in the room, and it is the schism, the chasm, this huge divide; the split between what people are supposed to be thinking according to monolithic power obsessed media moguls, and what’s really going on. Already in 2010 several surveys showed that a majority of Americans no longer believe the government even has the continued authority to govern. The approval rating of the people’s representatives has been languishing barely into double digits for years, and over 2 ostensibly different regimes. The standard of living of the average citizen in the west has taken a nosedive, with Americans being particularly hard hit. The banks control an ever larger share of national GDP, yet they do not make anything or provide any societal benefit. Instead they provide enslavement of a nation via credit creation. The elitist banking class are wholly parasitic by nature and yet they run the world. They exist solely by skimming money from other people, or by creating money out of nothing then collecting interest. It is no wonder ways of life and standards of living of ordinary people are being sacrificed. There is a finite wealth in the world and it is increasingly being allocated to the banking class, by the banking class, at the expense of everyone else in the world.
So today there is one segment of society worldwide who still unquestioningly takes the big government party line dope and manufactured government statistics, and one segment where the machine has lost some or all of it’s credibility. The manufactured version of reality now bumps up against what is actually happening in the world. This group of believers and non believers are encouraged to fight among themselves as the divide between the truth and media professed reality grows.
The group of believers who erroneously assume that the government and banking class operate in their best interest continually shrinks however as they are personally touched by the fraud, deceit and corruption which are the three pillars of the emerging plutocracy. As we go forward, the lies are already out in the open for anyone willing to open their eyes.
We have already seen austerity inspired riots and labor strikes in Iceland, Ireland, Greece, Italy, the UK and France. The increasingly large group of non believers are rioting over a banking class takeover and imposed austerity, theft of their formerly guaranteed pensions or sale of national assets to the banking elites.
Simultaneously, the US is quietly being suffocated. The people are dulled by prozac and flouride. They are drowned in an ocean of celebrity gossip, fansmanship and genetically engineered food proven to kill or injure the unsuspecting mammals who consume it. For the remaining believers, their entire reality is now rooted in deceit and lies, in ignorance and racism; in religious ideology or media inspired hate; in a left vs right smokescreen. Everything they believe, everything they think they know, is mostly rooted in lies, propaganda and disinformation. The plutocrats believe they are acting as divine gods on this planet and that the ignorant masses are sub human beasts to be told noble lies and used until they are used up. The chasm, the split, is the gaping wound between truth and illusion.
There is a revolving door between the oligarchs and the government. Corporate rock star CEO’s now endeavor to patent nature or make a killing on war while looting the corporations they run. Bankruptcy is a tool used to shaft the employees, creditors and shareholders. One hand shakes the other in a corrupt corporate America protected and in some cases financed by taxpayers themselves. The private for profit banking system owns the treasury and exploits it’s control of the people’s labor via the creation of unlimited debt. The people, the useless eaters are mostly apathetic, detached and clueless as to the forces shaping their own destiny. They are in effect the enemy of the plutocrats. They are to be placated and entertained; used and used up.
The man elected to change all of this increased the size of the wars he was elected to end. Instead of promised change, there has been more of the same. More lies, more greed, more corruption, more skimming of the wealth from the people to the banking elite and plutocrats. These oligarchs hide behind bulletproof glass and fly learjets to secret meetings. They skim the people’s wealth and host lavish parties where the cost exceeds the lifetime income of many people in this world.
Everything that has happened since the people’s hope for change came on board has benefited not the population of the world, but this small group of financial elitists who own the entire political body, set the policy and make the rules. They rule from behind a curtain of fraud, deceit, corruption amid a sponsored media festival of lies. The real brokers of money, power and policy create money out of thin air and operate in the shadows, off limits from any focus or disclosure in the media empires they own or control. The entire political body are but a hapless host of stewards on a ship of fools, cowering in fear of the media and the money which owns and sponsors them all.
The media vetted so called “leader of the free world” is a powerless obedient mascot dishing out tyranny and loyal only to the money interests who own him. He controls nothing and is told what to think and what to do by corporate lobbyists and special interests. Should he wander from his assigned script, a character assassination would be promptly performed by the corporate media who he relies on to maintain his power.
The propaganda is all propelled into public consciousness from an increasingly monolithic global mega media propaganda machine which operates as a privatized version of state sponsored media. Debates are framed. PR and ideological opinions are bought and sold then disguised as news. Lies are sold as the truth. Ignorance is sold as a virtue.
With this tremendous loss of trust in the media and government worldwide, on comes the head of the US department of Homeland Security via a wide screen tv at the local wal mart. The attorney general warns you to be very afraid. The TSA is strip searching you and your children. Random shakedowns on the DC subway. More rules. More restrictions. More forfeited rights. More permissions being revoked. Anyone critical of the emerging elitist plutocracy finds themselves to be the enemy. As the propaganda migrates to the internet, we have TSA shills trolling the blog comments and a 2 billion dollar PR budget for the government to propagandize the people with their own money.
Out of the ashes of a complete loss of trust and a 2 billion dollar propaganda budget is born a new modern day robin hood wearing white. He does whirlwind media tours. He publishes credible leaks that damage everyone except the people in charge. The people are like clay. They are easily molded and shaped. What they believe to be true is subject to what they are taught to believe by the oligarchs who control the media and the creation of money.
So the world today is a giant theater production where the BBC and FOX news release 20 minutes in advance the news that WTC7 has collapsed on the day of the New Pearl Harbor. In 2010 we have Joe Lieberman telling us why we needn’t be concerned that WTC7 collapsed defying a host of laws of physics in the process or that every law regarding a crime scene investigation was violated. There is no mention in the media machine of peer reviewed scientific papers showing high technology high explosive residue in the dust. There is no mention of any of the important information people need to know to make informed decisions.
The single event that changed everything has proven to be a lie which now has to be protected. An ideological agenda has been put forth. America has been subverted from the inside by the banking class. The people’s wealth has been destroyed or is being confiscated. In Orwellian doublespeak the ever larger group of non believers are labeled as domestic dissidents, terrorists, radicals, and extremists when the people in charge are the ones who are all of those things.
Thomas Jefferson warned us it would happen. He knew this because the founders of the US were revolting against an aristocratic banking class authoritarian rule by the same banking aristocracy lineages who have now subverted and anonymously control the once free USA.
British tyranny via control of the money has caught up with America once again in the 21st century. The now global banking aristocracy is attempting to shift the wealth of the world to itself through a shell game where assets of countries are traded for notes manufactured out of thin air backed only by the labor of the same citizens forced to accept the fraud. This is a world where armies are policy enforcement or asset acquisition tools of the plutocrats. This is a world where the people providing the labor to fund the machine are to be used until they are used up. Their toil and their labor is only to fund the lavish lifestyle of a plutocratic elite.
So as we begin 2011, we move headlong into a world where the real truth is becoming nearly impossible to discern. The need for protection is blanketing and permeating every aspect of the lives of ordinary people. Governments living off of printing presses are getting larger, more authoritarian, more dangerous and more bankrupt. The world moves towards a single currency with few alternatives where global power and control can be consolidated. The people all suffer. Standards of living decline. Real wealth decreases. Social problems, crime and drug use increase. Western society continues a slow rot, a decay, amid an insolvent banking system that owns a media wing from which the false flag terror propaganda is catapulted by the oligarchs. The giant suffocating squid tells you to spy on your neighbors and be very afraid.
As an ordinary participant in a western world society, the party is over. Your former way of life is being revoked under the guise of an endless war waged by criminals wielding fake terror and posing as your savior and protectors. There is nothing you can do about it except to get out of the way.
Design submitted by Eb Dawson
Somewhere in the Mountains
The first in a series of living comfortably off your land
the realization of an engineering design modeled in google sketchup and constructed on site
A spiral water wheel capable of pumping to 24 foot head (volume determined by rpm) with integrated two level water tower. Level 1 and 2 irrigation water storage drums to be added upon completion and service entry in spring 2011. Level 2 tank provides continuous drip irrigation to garden. Level 1 tank provides 15 psi and 55 gallon instantaneous capacity.
Close up shows concrete base with embedded 6×6 main support column. Water wheel pivot arm = 2 2x6x14′ pressure treated yellow pine with two 6x6x1′ binding blocks. Main pivot bearing is 5/8 heat treated steel drilled and hammered through main support pole and bolted through pivot arm.
Close up shows pickup tube and 75 feet of 3/4 inch pvc collector tubing, water comes out of main stainless steel 2 inch drive shaft with 2 inch pillow block bearings which are bolted through 2x10x2′ main axle support board with 4 1/2 inch galvanized steel bolts.
Close up of main drive shaft with water coming out. Rotating hydraulic bearing will pump water 16 feet from creek level into top water storage barrel. Welded 3/4 inch ss main tube water entry flange (opposite side) not shown. Guy wire can be seen which lifts arm out of water for maintenance or in inclement weather. Guy wire runs from arm end to trailer winch on main support arm.
Wheel is 8′ in diameter and has 12 1′ x 2′ paddles material is cedar and pine painted with epoxy enamel. Central hub is 3/4 advantech. Secured to main shaft with welded flange and 4 1/2 inch stainless bolts with ss lock nuts.
By Phil Osophy
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” – Arthur Schopenhauer
A short essay which equates secular market timing to the three stages of truth
“Investing” has to do with the psychology of human beings. Understanding the three stages of truth can help enormously in understanding the financial markets, or anything else for that matter.
This essay uses the term “investing”, very loosely because it’s meaning has become muddled. Todays 24 hour global on line financial markets much more accurately depict a legalized on line gaming environment. If there was any truth in advertising, qualified participants (people who have money qualify) could click on buy, sell, on line poker, horse races or craps. There is no reason they shouldn’t all be on the same screen.
Baby boomers now beginning to think of retiring grew up watching Mutual of Omaha’s Wild kingdom and were sold on the idea that their mutual funds would provide for it by nice people with expensive desks. The idea was that if you “invested for the long term”, your real wealth would compound. Merrill Lynch was bullish on America. They never said if they were bullish on themselves. It is now obvious that this was all a con job, but the idea is disputed. Similarly, the idea that the global financial markets have devolved into a legalized gaming casino is past the stage of denial, and now the obvious truth is being met with a lot of opposition, mostly by all the interests vested in it. So these are two examples where we are currently on the second phase of truth.
Back to the point…
The fields of advertising and public relations have grown more potent, omnipotent and omnipresent. Everyone in the world, market participant or not, is subject to a 24 hour PR cycle. Markets are linked globally and trading on ninety something percent leverage amplify the “news”(PR). The markets routinely have exaggerated daily movements of several percentage points as market participants try to estimate relative values by buying and selling at the speed of light and up to 99 percent leverage. The whole thing is driven by perception, belief and confidence…and it’s amplified by a debt based fiat currency system.
using the three stages of truth for practical purposes…
The first stage of truth is always met with denial. Human psychology…”the crowd”, collectively never want to acknowledge what is right under their nose. The crowd is always herd like. George Orwell wrote “to see what is in front of one’s nose needs a constant struggle”. To do that requires independent thinking. In order to operate in the first stage of truth, by definition this expresses an opinion that is counter to the collective opinion.
George Soros wrote, “markets influence events they anticipate”. That is certainly true, until it isn’t. In other words, the real estate bubble, in the second stage of truth, was still influencing the event (higher prices) they were anticipating. By the time the third stage of truth came along, the market was collapsing. So the market participants collectively had to go from anticipating higher prices, to anticipating lower prices, and that happened because of the third stage of truth, which was only achieved by the market beginning to collapse. The actual root cause of this particular collapse (rising interest rates and unpayable debts), are what finally tipped this unsustainable bubble from the second to the third stage of truth.
Some would argue it all comes down to the math, and ultimately you would expect math to dictate events, but because of the three stages of truth, the math can take a back seat for long periods in the interim. For example, the debt and future obligations of the US government (as well as many other governments today running fiat currencies) are far too large to ever be repaid except in greatly inflated dollars. So this item is currently in the second stage of truth. In spite of the fact that this debt is an order of magnitude too large to be repaid, and despite the fact that this is staring everyone in the face, the value of the currency has yet to collapse against real things because the truth is being violently opposed. So despite the fact it is obvious that this debt cannot be repaid, people with vested interests in it will defend it’s legitimacy here in the second stage of truth.
When Bernie Madoff’s NASDAQ was peaking out around 10 years ago, it was supposed to go on forever. This new dot com era changed the whole game. “It was different this time”. It always is in the first stage of truth. Then there was the real estate bubble where anyone with a pulse could get a zero down loan because it was obvious that real estate prices would go up forever and would never go down. Supposedly intelligent people at the time would come on TV and say that. So these are both examples of things that were all right under everyone’s nose. First the truths were met with denial and ridicule, then in the second stage of truth met with opposition. In other words, when the real estate market began to collapse, that idea was met with extreme skepticism. Following that, in the third stage of truth after the collapse, it is now obvious to everyone that it was an unsustainable bubble.
A key point is that only hindsight offers the actual truth and even then is subject to historical revision. So that’s the problem with any trading system. At the first stage, is the truth being met with denial because it’s either the truth or is the hypothesis simply wrong. Things that are wrong will also be met with denial because they were not the truth.
By definition, the application of this idea requires you have to have the ability, conviction, confidence and correctness to see the truth when that truth is the subject of denial and ridicule. It it is not the subject of ridicule, then either it is not the truth or it is already in the second stage of truth.
Famed investor Jim Rogers was once quoted as saying “buy value sell hysteria”. This is another example of the stages of truth. Value occurs in the first stage of truth. When Gold was trading below $300, people buying gold and gold derivatives were the subject of ridicule from the herd. Hysteria occurs during the second stage of truth. The stage where it’s obvious that this cannot continue forever, and despite that, it is continuing, and being defended against criticism. When the hysteria peaks, when the hypocrisy of the defenders becomes too great then the hysteria ends, the bubble bursts, and the third stage of truth is achieved. The short seller would of course, also like to sell in the transition phase between the second and third stages of truth.
Summarizing this idea, financial markets are legalized casinos with credit up to 99 percent of the purchase price and available on demand. Psychology and herd behavior drive the markets. They operate on belief and confidence or lack thereof…. according to the three stages of truth. Market relationships are purely a product of perception, belief, and confidence. Those all follow the three stages of truth. The efficient market theory is wrong and only still used by ivory tower academics, not successful market participants.
Using the three stages of truth for practical purposes, ideally a position would be initiated in the first stage of truth and held through the second stage when it is being met by opposition. Then, the position is terminated or reversed at the transition to third stage of truth, when it is obvious to everyone what the truth is.
I write to you from a disgraced profession « Real-World Economics Review Blog
[filed under: failed financial system, John Maynard Keynes, Fraud, flat earth Economics professors]
The following is the text of James Galbraith‘s written statement to members of the Senate Judiciary Committee delivered a few days ago.
I write to you from a disgraced profession. Economic theory, as widely taught since the 1980s, failed miserably to understand the forces behind the financial crisis. Concepts including “rational expectations,” “market discipline,” and the “efficient markets hypothesis” led economists to argue that speculation would stabilize prices, that sellers would act to protect their reputations, that caveat emptor could be relied on, and that widespread fraud therefore could not occur. Not all economists believed this – but most did.
“All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as self-evident” – Arthur Schopenhauer philosopher
The Federal Reserve Corporation (FED) today regularly intervenes in the currency markets via swaps, open market operations. etc. with other global central banks and other market participants.
The short term interest rate is regularly set and maintained by the FED and it’s open market operations.
The FED now also openly admits buying their own debt as quantitative easing. This serves to suppress long term interest rates thus, directly influencing the long term interest rate markets, and the real estate market.
Thus, the FED today manipulates the prices of assets from currencies to real assets.
In some circles (mostly only in the corporate media where board members are also wall street executives) it is still a subject of debate whether or not the FED and the Treasury have adopted a policy of intervening in the stock market to promote stability and market confidence. From stories about the PPT, to the FED stating that they would use “any means necessary” to stabilize the economy. From huge market rebounds 5 minutes after a call from the Secretary of the Treasury to the people who profess to be doing gods work, to the CEO of trimtabs stating that he sees no other possibility than government intervention, people will still debate this topic, in the corporate media at least.
Out in the real world, “Don’t fight the FED” extends to market operations in any or all asset classes. The debate is confined only as to how much, when and who. On the floor, the only entity who isn’t aware of anonymous accounts that can make the market turn at will in Chicago are the regulators. Then again, the regulators are the graduate alumni of the people who appear to need regulating.
The debate doesn’t stop at the share markets however. Recent on the record revelations from a metals trader allege what the so called conspiracy theorists have been saying all along, that there is a conspiracy among the centrals via their member banks to manipulate the price of gold and other metals. The corporate media chose not to discuss the subject at all.
In looking at the markets as a speculator, the conclusion is that there is more than enough evidence that the FED, the Treasury and the large banks all operate with increasing influence and heavy handedness in all markets.
It has become required to stabilize an unstable system, first as an emergency measure then now as a matter of course and necessity. On the FED’s visible balance sheet there are toxic mortgages and on the invisible balance sheet it is impossible to ascertain what assets they own since they won’t say and have never been audited to force any disclosure.
A larger point, and the subject of this thought experiment is to think about the effects of managed or buffered markets on the psyche of the market participants.
The obvious reflexive idea at work here is that if the market participants believe the system is inherently stable or priced at a certain level on it’s own accord, then confidence in it would be far higher than if the participants believed that it needed intervention to keep it stable. This increased confidence could in itself affect the behavior of the markets when they are exposed to crisis or stress situations.
By reducing the interest rate to and below the real rate of increase in the cost of living, a negative savings rate discourages and even penalizes savings. It makes saving money a guaranteed loss and encourages speculative risk taking with non risk capital in search for a return.
If the market had dived during the 2008 period this could have permanently altered risk models and permissible leverage going forward. It could have reduced investor risk tolerance. It could have caused an even greater loss of confidence in the US capital markets resulting in unacceptable side effects from insolvency to failure of the entire system.
Knowing all this, is it possible that the FED or the Treasury have introduced a false sense of investor security by financing open market operations via a printing press? The implied assumption of course is that the printing press can run forever and as powerfully as necessary to fix any problem that might arise. The current FED chairman stated explicitly and now infamously that the FED could do just that by dropping money(debt) out of helicopters if necessary.
The reality however is that the printing press cannot print more debt than the capacity to finance it. We must recognize that reality in the same way that we recognize the FED and the banking system is not a goose that lays golden eggs. In spite of what the FED chairman would have you believe, it cannot fix any problem by printing any necessary quantity of money, because that is the same as increasing the debt up to and infinitely beyond it’s ability to be repaid.
Because of these facts, it is arguable that both investor psychology as well as quantitative risk models have become skewed and are now RELIANT on the previously mentioned assumptions for it’s continued existence. The implication is that if investor psyche has been manipulated or altered along with the markets, it is not a reliable indicator of future market direction or market stability. All forward looking indicators could be entirely wrong as a result of reflexive policies and it’s resultant social engineering.
The idea of markets that discount the future by a market consensus based on reliable information becomes flawed. Recognizing the markets are managed is no different than recognizing that investor psyche is also managed. One is a reflection and a reflexive view of the other.
In thinking about all of the above, the next obvious question is, how does an eventual convergence of reality (the FED cannot create an infinite amount of debt to fix any problem) with a belief in golden eggs (the belief that they can and enabled only by the illusions of manipulation) manifest itself?
The answer lies in this fact:
The amount of debt is continuously increased into a geometric progression of diminishing returns as the capacity to buy the ever increasing amount of debt moves ever smaller as a fraction of the debt required to maintain and inflate the balloon.
Thus it can be argued as it was in two possible paths with the same endpoint that we have an unstable and technically defunct system masquerading as a stable system. This current divergence can be reconciled either through asset value inflation, or through failure via mass insolvency. If it is reconciled through inflation it will appear as decay over a long period of time leading to chaos and civil instability due to a standard of living collapse. If it is reconciled through mass insolvency it will appear as a rapid onset of the same thing.
Filed under: markets
For nations living the good life, the party’s over, IMF says
By Howard Schneider
Washington Post Staff Writer
Saturday, April 24, 2010
Greece hit by new riots as pressure grows to quit euro
By Christopher Leake
25th April 2010
Support for the bail-out of debt-ridden Greece was in doubt last night, leaving the country on the brink of financial meltdown as top German politicians said it should be forced to quit the euro. Riots erupting during workers’ protests over planned public spending cuts, just hours after Greek Premier George Papandreou sought emergency £35billion of loans from eurozone countries and the International Monetary Fund. The Greek government was finally forced to ask for international help after the cost of its borrowing spiralled to a new high, making it prohibitively expensive to borrow money to service existing debts.
Lawmakers: Military could quell Chicago violence
CHICAGO — Two Illinois lawmakers say violence has become so rampant in Chicago that the National Guard must be called in to help. Chicago Democratic Reps. John Fritchey and LaShawn Ford made a public plea to Gov. Pat Quinn on Sunday to deploy troops.
From the Sky, Detroit Looks Like Sarajevo
Chris Hansen traveled to Detroit, Michigan for a Dateline special that aired tonight on the state of what is probably America’s most desolate city. And in aerial footage—devastation porn at its best—Detroit’s grim plight was revealed. Video inside. “Today, from the air, parts of Detroit look like a war zone,” Hansen said in a voiceover near the beginning of the special, before he listed some of the most shocking facts about the city’s current state—the population is less than half of what it was decades ago; there are 400 liquor stores there, but only eight supermarkets—all while panning shots of the consequences of its deterioration flashed on the screen.
Marc Faber – Governments are Going Bust!
Greenspan Wanted Housing-Bubble Dissent Kept Secret
As top Federal Reserve officials debated whether there was a housing bubble and what to do about it, then-Chairman Alan Greenspan argued that dissent should be kept secret so that the Fed wouldn’t lose control of the debate to people less well-informed than themselves. “We run the risk, by laying out the pros and cons of a particular argument, of inducing people to join in on the debate, and in this regard it is possible to lose control of a process that only we fully understand,” Greenspan said, according to the transcripts of a March 2004 meeting.
ECB President Favors Global Governance
April 29, 2010
The President of the European Central Bank, Jean-Claude Trichet, told Forbes that global governance is extremely necessary if we want to prevent another financial crisis. In his prepared printed and spoken remarks to the Council on Foreign Relations, Trichet emphasized that politicians, economists, and financiers must work across the Atlantic and collaborate on methods to create an international set of standards.
Rigged-Market Theory Scores a Perfect Quarter: Jonathan Weil
by Jonathan Weil
May 13 (Bloomberg) — Score another triumph for the rigged- market theory. In a feat that would seem to defy the odds, Goldman Sachs, JPMorgan Chase and Bank of America this week each said its trading desk made money every day of the first quarter. Goldman said its daily net trading revenue topped $100 million 35 times last quarter out of 63 trading days. JPMorgan and Bank of America disclosed similar eye-popping stats. Citigroup, too, recorded a profit on each trading day, Bloomberg News reported, citing unnamed people who knew the results.
Exclusive: The Bank Of England Engaged In Flagrant Gold Manipulation In The Interwar Period Via The New York Fed; Does History Repeat Itself?
An article written by University of Tennessee professor John R Garrett, “Monetary Policy and Expectations: Market-Control Techniques and the Bank of England, 1925-1931”, which describes in exquisite detail the gold falsification measures undertaken by the Bank of England in the interwar period in order to impact interest rates in a favorable direction, performed with the full criminal complicity of the Federal Reserve Bank of New York, may mean paranoid “gold bugs” could soon be forever absolved of their “tin hat” wearing status as outright gold, and other data, manipulation by a major central bank is now proven beyond doubt. The implications regarding the possibility of comparable deceitful and treasonous acts by modern central bankers are staggering.
German Economics Minister Confirms Fed Manipulates The FX Market
by Tyler Durden
The German Economics Minister Rainer Bruederle has just confirmed precisely what many have known and said for years, namely that the US Federal Reserve is active in the secondary markets, in this particular case in FX.
boxes of talk
Editors note: This post is being regularly updated with new footnotes
Turn on the TV, turn on the radio, plug in the internet…big box of talk. Label after label after label. Talk, talk and more talk. I have a lot of questions, and some ideas regarding why according to recent polling data a staggeringly low 4 percent of the public supports the establishment political class, why only 8 percent would re elect an incumbent lawmaker, why just 21% believe U.S. Government has the consent of the governed , why 4 out of 5 Americans don’t trust Washington, and why nearly one out of three Americans view the US government as a “major threat” to their freedoms.
With the government, big business, big banking and big media all seeming like one in the same today, some analysts have argued this is Mussolini’s definition of fascism. It is clear that the same small group of faces rotate into one position from out of another position and no matter how bad any of them screw up, you still see the same faces. There is no debate about that.
These elite are free to break laws and commit crimes right out in the open and nothing bad ever happens to them. There is no accountability, there is no punishment . Public elected officials break laws and change laws and embezzle money and slosh taxpayer money back and forth among themselves and their friends and no matter how egregious the crimes, no matter how on the record and absolutely wrong they have been, no matter how many people they have killed or how many lives they have wrecked or how fabulously wealthy they have become in the process of doing so, they are still the same people in and out of a revolving door all smiling and patting each other on the back while congratulated and treated with the utmost respect by the corporate media .
Other labels being thrown around in the past few years to explain this transformation are oligarchy, plutocracy, kleptocracy, aristocracy, socialism, totalitarianism, empire, and more[3,4,5,6,7,31]. The defective establishment media mirror uses the implausible argument for everything being different “it’s the same as it ever was” or “what are you even talking about?”. It’s almost like a corporate media induced mass hypnosis is in effect and has gripped the entire nation.
“Just move on nothing to see here”.
With the government takeover of housing and now owning many of the largest public corporations, some have argued a tilt towards communism, although no one seems comfortable using that label. No two situations are ever the same however, and none of these labels seem to completely capture the transformation taking place in the United States over not months or years but over decades and accelerating during the past decade.[9,23]
The people of the United States typically call themselves one of two labels, either republicans or democrats. The interesting thing about that is that nationwide, for the past decade now under the stewardship of each of the labels, the public approval ratings of congress and the administration have been arguably about as low as they can be and recently dipping into the single digits for public approval for the first time ever. Something is definitely wrong and no one seems to know what to call it[23,25].
So despite what everyone is calling themselves, according to the polls, the citizens themselves don’t seem to be very happy about how things are going. Is there a label for that? Is it a disaffected-detached-ocracy? Maybe it is a so-busy-trying-to-get-by-you-can’t-keep-up-ocracy? Maybe it’s a
What kind of ocracy is this????
When did we cross the threshold from where there was any party or politician which stood for small limited government, small government spending, free enterprise and a government like the US had decades ago that mostly stayed out of the way of it’s citizens? What about a government for the people? There is apparently no one for the people today. Today it seems to be an all out contest for who can suck up the most to the most special interest payola while simultaneously lying their asses off to the people they are supposedly representing.
There is no one who will be allowed to be a legitimate contender by the established media, party, and banking system who doesn’t support the status quo. You can even be elected on a platform of change people hope for, and then completely ignore everything you said. How convenient. What kind of a message is sent to the people when someone is elected on a platform of lies? Exactly what point was it where lying about everything to the people became ok and even necessary[1,9]?
Politicians in DC will blame things like a “bad economy” for their current record low approval ratings. It seems obvious that when a candidate is elected on a platform of change the population was desperately hoping for, they expect delivery. After the systematic dismantling of the constitution by the previous administration, the new administration turned out to be more or less exactly the same. What happens when only 4% support the status quo, and you get more status quo no matter which handle you pull? Do they lose another 50% of their base and go to 2%? That could continue until you need scientific notation to express their percentage of support. Then what?
The Judicial branch. Their contribution was to officially terminate the republic in 2010 by allowing unlimited corporate campaign contributions. It’s hard to say if that bothered people because most people still don’t know about it. The corporate media didn’t talk very much about allowing their unlimited corporate contributions for their sponsored choices. So the same wars are still going on, the same policies are in place, and the same people are running things. So maybe some people are disappointed about that? It is certainly possible. Could this explain the hopelessness citizens are recording in surveys? If so what do you call that?
Could mortgaging the country’s future to bail out some arrogant bankers who lost all their money have caused some loss of trust? I don’t think bailing out the banking system so they could then in turn make record profits was the kind of change people were hoping for. I could be wrong about that. People can understand how things have improved dramatically for the bankers on wall street with now record profits and bonuses, but the people who are home unemployed because their factory shut down aren’t buying it. They aren’t buying anything because they have no money. What is that called? Can we throw a label and a sound bite on that….please?
You can’t just “run” for office today. Lets be serious. The corporate media would have you believe you can just throw your hat into the ring and off you go. You need this giant political machine behind you to grease every palm along the way. You have to be sponsored and vetted by the media before anyone even hears your name. If you cross any of the medias agendas or sponsors you are political toast within 48 hours. Votes are bought and sold like trading cards. As a citizen, you basically have to be for someone who is more or less the same as everyone else with an expertly crafted public persona. What is the word for that? The label oligarchy doesn’t seem to do justice to that much concentration of wealth, power and deceit. A so called two party system with no real choice is totalitarianism in drag. Please vote for your favorite candidate. Then expect the same thing no matter which lever you pull. You get vanilla or french vanilla with sprinkles. Take your ice cream cone and move on.
Maybe it’s a one-big-vampire-thing-ocracy?
Regardless of political parties, one thing is clear to every person who has been living in the US for more than a few years. There are ever more rules. they keep making new rules, and they never take any of the old rules away. There are more fees, and more taxes, and more things that used to be free that are no longer free, things that now require a license, a certification, an approval, something you used to be allowed to do but are no longer allowed to do, or some other kind of relinquishment of a former right. There is a nanny state which dictates to you what where when how and why to do just about everything you are supposed to do.
You got a problem with that?
Well then, apply for a permit and after paying the necessary fees and getting the necessary approvals you might be able to hold up a sign in a pre defined fenced off area back there by the dumpsters that says “I do not approve of all of this, I think I’m starting to know how people living in the soviet union felt”. Maybe. Storm troopers in riot gear would be deployed to stand next to you to ensure you didn’t wave the sign or otherwise cause any hazard to the public who needs protecting.
What is it called when a country goes from being a decent place to live to some sort of paranoid, locked down disneyworld where nothing is real and all the people are making less, paying more, requiring permits and fees and approvals to do anything? What do you call that?
This vampire squid nanny state tells you what to do, and how much it will cost you in fees, fines, or whatever if you don’t do it exactly that way. It assumes you cannot think for yourself and you need to be protected from yourself and everyone else. It means you are not competent to run your life so the nanny state will run it for you. It prohibits and inhibits small business due to taxation, regulation, barriers to entry and cost of operation. It destroys the simple civil rights Americans used to take for granted one by one and little by little like breaking rocks until nothing is left but a pile of dust. It gets bigger, and bigger, and bigger until it runs out of food which is in this case money.
The book of rules have become so large and so onerous that the only thing you can be sure of is that despite your best intentions, you are probably breaking some rules right now that you don’t even know about. At the same time you will be considered negligent if you don’t know what they are. The only constant is ever more rules and an ever larger government required to enforce and update them.
You are still free to go to work, pay your fees, taxes and watch their corporate programming and sports entertainment or whatever. You can pay only a couple of days salary to watch some corporate whores toss a ball back and forth at corporate field and whoop it up for one color or the other with your fellow buffoons.
This is all true whether you are short or tall, uneducated or educated, higher or lower income, white, black, red or yellow, left or right or anywhere in the middle. It is true whether you worship any god or all gods or no god. Any political or special interest hacks who argue otherwise now sound like a cartoon. No one can legitimately argue the ever increasing number of rules, fees, permits, restrictions, taxes and regulations and loss of rights.
So the government and the politicians are all for one thing. An ever larger government who is your nanny. What is that called? Maybe it is the world takeover by nanny statists? For this reason or that reason or to protect you from bad guys or from your own self, you need a huge book of rules and regulations and it needs to keep getting bigger all the time.
Now you need to get scanned by Acme Corporation x ray scanners to get on an airplane.
Being a good citizen however, you recognize that all of these new rules and regulations and fees and taxes have all been instituted for your own protection and well being. You feel so much better knowing that you need to be protected from enemies of your government that you are willing to relinquish all your former rights and privileges and put up with endless new hassles. It’s all being done for you on your behalf and you appreciate that. It is necessary. That’s what you keep being told at least. Just say duh thanks.
Some have used the term vampire squid to depict an over reaching banking system but it is pretty easy to argue after living here for a few years that the entire thing is a vampire squid.
Post 911 has ushered in new departments and new regulations and new and more of everything that restricts what is permissible or not because now you need to be protected from people living in caves, or something like that. The general idea I think was that some hard drinking devout muslims who liked strip clubs and Jack Abramoff’s casino??? came out of their caves and went to flight school, became marginal pilots and on their first attempt defeated the entire NORAD air defense system, all airport security, and flew two sophisticated jumbo jets perfectly into the sides of buildings pulverizing them into dust and defying a whole host of laws of physics in the process. Following that, the only thing remaining were passports from the hijackers, which somehow did not turn to dust but instead fluttered to the ground intact, were picked up by an anonymous passer by and delivered to the NYPD. The whole mess was then hauled off to China in the blink of an eye violating every written rule regarding a crime scene investigation. A bunch of still unidentified parties made a fortune in the options markets from foreknowledge, the building owners were generously compensated and I lost track of the rest of the story line a while back. It was getting too complicated.
The main character was a guy with a name I couldn’t pronounce popping in and out of caves and issuing death threats every time the population needs a good scare. I don’t know if they ever caught him or not. I have heard also that we are still in two wars as a result of all of that, one now being the longest in US history. I’m not sure. They don’t talk about it on TV any more.
So to the best of my knowledge, you are supposed to see a Hollywood style demolition which changes every aspect of your life as a citizen for the worse, and not ask any questions. Sort of like in China you can’t talk about Tienanmen square and in the US you can’t talk about 911 because even if you ask a question, it somehow makes you the enemy or a sympathizer or something along those lines. I don’t know exactly what the rules are regarding that. So what I do is if anyone mentions 911 I just close my eyes and put my fingers in my ears. I don’t want to let any sympathizers in.
After using a Pentium class computer and performing billions of calculations to compute your taxes, you have no idea exactly where the money goes, but I know it isn’t nearly enough to feed it, as the national debt accumulates by more than the average individual net worth every second of every day.
So where does this end? Is it tyranny when a population are told exactly how to do everything they have to do in life, or is it only tyranny if what you are expected to tolerate is really bad? If so then who gets to define what “really bad” is? At what point is it, ok, just a pain, really a pain, or really bad? For example right now, traveling on an airplane is just a pain, compared to say, a root canal. It is however really bad compared to say 1970. So we are dealing with a set of relative issues here and static labels aren’t particularly useful.
Currently, as by every statistic known, the wealth is transferring from the many to the (very) few. How and why exactly is that happening? I’m not talking about lower to higher income either for the political hacks out there reading on the ethernet. No one reading this essay will fall into the group where the wealth is being transferred to. The wealth is being transferred to people whose portfolios contain shares of say, the FED and the Bank of England.
Is this wealth and power consolidation all a big accident? It isn’t happening by democrats OR republicans.It’s happening over each so called “party” presiding. Is that related at all to the changes we have seen in government? What is that called? Some people call it an oligarchy when the many are controlled by the few, but how does the oligarchy get and maintain it’s power? Is that what we have? Is that the reason for all the rules? .
Does the vampire squid nanny state power reside in levying so many rules, fees, permits, taxes and regulations that it is the sum total of it all at the root of the increasing oppression? Is that how the vampire squid attacks? Death by 1000 cuts? How does that end up? What is a good name for that? 
What should you call it when every thing that comes from the corporate media looks like it was created by the largest growing segment of business in the US, a PR firm?
If the government has already issued debt beyond the people’s capacity to earn enough to repay it, then what does that mean? Does that mean like bankruptcy but you just haven’t filed yet? Do you think everyone soon will be able to add a zero to how much they make creating a remote possibility that the debt could be repaid? So what is it called when a nanny state empire goes bankrupt? What is the name for that?
Maybe it really doesn’t matter what the name is. Maybe it only matters what it is. Maybe you are living through the decline of an empire and the decay associated with that. Empires don’t fail overnight. It can happen so slowly that you fail to see it. The politicians are failing, the institutions are failing, the society is failing and the economy is failing. The empire is entirely bankrupt both economically, and morally.
What it is will continue to self destruct on it’s own without any further assistance. It doesn’t require a label.
Filed under: corruption
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 Political spectrum
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Mon Apr 19
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the Wikileaks video only begins to depict the suffering we have created. From our own experiences, and the experiences of other veterans we have talked to, we know that the acts depicted in this video are everyday occurrences of this war: this is the nature of how U.S.-led wars are carried out in this region.”
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50% percent of first marriages, 67% of second and 74% of third marriages end in divorce, according to Jennifer Baker of the Forest Institute of Professional Psychology in Springfield, Missouri.”
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by Paul Craig Roberts
 absolute proof of the controlled demolition of WTC7
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 Americans going mad with anger
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by Hiram Lee
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 the left vs right smokescreen
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