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Guest Post: The Purpose Behind Engineered Economic Collapse

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By Giordano Bruno, of Neithercorp Press

The Purpose Behind Engineered Economic Collapse

“From now on, depressions will be scientifically created.” — Congressman Charles A. Lindbergh Sr. , 1913

Everyone loves money. Even people like myself who abhor the abuse of
money and commerce, who understand the fraudulent nature of the system
we live in, still work hard and save so that we might attain a sense of
stability within that system. Many people see money as a focal point to
their existence. But is it really money that they are after, or is it
something else entirely? In truth, money represents ‘security’ in the
minds of the masses. Money affords us the ability to survive, and the
more of it we have, the safer we all feel. Because we subconsciously
associate the extension of our very life with the variable health of the
economic structure in which we live, we tend to become unwitting
devotees to its continued existence, even if it is corrupt and condemned
to failure. We gullibly deny the system or the currency that supports
it is doomed to the contrary of all evidence because, even though it has
beaten us bloody, we have never known anything else.

In light of this entrenched way of perceiving things, especially in
the U.S., it is difficult enough to convince some people that the
economy is in fact not providing the security they desire, but is
actually destroying their future completely. To explain to them that
this is deliberate, that the economy is designed to self-destruct, that
is another prospect altogether.

Many people hit a proverbial wall on this issue because they simply
cannot fathom that certain groups of men (globalists and central
bankers) view money and economy in completely different terms than they
do. The average American lives within a tiny box when it comes to the
mechanics and motivations of finance. They think that their monetary
desires and drives are exactly the same as a globalist’s. But, what
they don’t realize is that the box they think in was BUILT by
globalists. This is why the actions of big banks and the decisions of
our mostly corporate establishment run government seem so insane in the
face of common sense. We try to rationalize their behavior as “idiocy”,
but the reality is that their goals are highly deliberate and so far
outside what we have been taught to expect that some of us lack a point
of reference. If you cannot see the endgame, you will not understand
the steps taken to reach it until it is too late.

In the past we have covered numerous instances in which global
bankers have admitted to fraud on a massive scale, fraud which is now
crushing our already fragile economy. We have covered the private
Federal Reserve and how it knowingly facilitated the creation of the
housing bubble, as well as how it is now inflating a Treasury bubble
which is soon to implode. We have covered Goldman Sachs and its efforts
to promote and sell toxic derivatives all over the world while at the
same time betting against those derivatives on the open market. We have
covered the manipulation of gold and silver markets by companies like
JP Morgan, which have recently been exposed by whistleblowers and GATA
investigations. And, most importantly, we have executed in-depth
analysis on the growing weakness of the U.S. dollar in preparation for
severe currency devaluation. These revelations raise questions, which
is natural, but they also illicit misconceptions and reckless knee-jerk
reactions, especially when broaching the fact that the illegal
strategies of international banks are part of a greater agenda.

Below, we will examine some of the most common narrow minded
responses to the issue of engineered economic collapse, as well as why
people think the way they do when the “semi-sacred” subject of money is
involved…

1. The economy is too complex to be controlled by just a handful of people…

This response often comes from people who make presumptions on
economics, rather than actually educating themselves on how the system
works. From the outside looking in, the world of finance appears
chaotic; a mixture of mathematical and legal standards swirling in a
void of mass psychology. Many Americans are either frightened off by
the seemingly complicated field of study, or they find it rather boring
and not worth their time. This, however, does not stop them from
assuming that they know how money works.

The problem is that just because a person participates in his economy
daily, it does not mean he has any understanding of how it operates.
Many watch television on a daily basis, but few have any idea how the
picture actually gets onto the screen, or how to fix a television once
it is broken. Sadly, our egocentric culture has led a substantial
portion of the public to imagine that they are experts on EVERYTHING,
and thus, true researchers in the fields of economics and globalism get
reactions like the one above constantly.

At bottom, once all the quasi-technical biz-babble used by mainstream
talking heads is removed from the equation, economics is rather simple.
Supply and Demand will always be at the center of any and every
economy, regardless of the political atmosphere it exists in. These two
fundamental factors can be manipulated to a point, by the creation of
artificial supply, or the conjuring of false demand. This is achieved
in many ways by global bankers, but primarily through domination of the
issuance of currency, the ability to change interest rates at will, as
well as the ability to inject or remove incredible sums of money from
any market.

A perfect example is the suppression of silver prices by JP Morgan:

http://www.zerohedge.com/article/whistleblower-exposes-jp-morgans-silver-manipulation-scheme

Gold and silver represent competing currencies to the fiat dollars
created by the Federal Reserve, and suppressing the value of these
commodities helps to ensure that the public will never see them as a
viable alternative to paper assets. JP Morgan, who along with other
international banks has the ability to throw around massive quantities
of capital wherever they please, suppresses the value of physical silver
by issuing paper securities for silver that doesn’t actually exist
(creating an artificially high supply), and naked short selling silver
markets to drive them lower (creating the false impression of low
demand).

Another good example of economic manipulation is the private Federal
Reserve’s strategy during the 90’s under Alan Greenspan to artificially
lower interest rates, allowing banks to issue credit at historical
levels for over a decade. Linked below is an article from Ron Paul’s
‘Texas Straight Talk’ dated March, 2007, before the housing market even
began its full swan-dive. In it, he discusses the Federal Reserve’s
direct role in the creation of the housing bubble:

http://www.house.gov/paul/tst/tst2007/tst031907.htm

Men like Ron Paul, Peter Schiff, Gerald Celente, Jim Rogers, and many
others were able to predict long before hand that the Federal Reserve’s
actions were creating an explosive mortgage and credit bubble, yet, we
are supposed to believe that the Federal Reserve had “no idea” that
their actions would result in a debt implosion?

Catherine Austen Fitts, former Assistant Secretary of Housing and
Commissioner of the U.S. Department of Housing and Urban Development
under the first Bush Administration stated conversely that the mortgage
bubble was absolutely not an accident, and that she had witnessed
outright and deliberate fraud on the part of the U.S. government and the
Federal Reserve Bank in creating the bubble. The fact that disturbed
her most, however, was her discovery that only a small handful of
international banks were responsible for the perpetuation of toxic
mortgage debt, not just in America, but around the world:

http://solari.com/blog/?p=2058

Goldman Sachs (one of the primary globalist banks involved in the
igniting of the debt crisis) was caught red-handed selling toxic
derivatives to investors and governments all over the planet while at
the same time betting against those derivatives on the market. Goldman
even bet against mortgage securities the bank itself created!

http://www.businessweek.com/news/2010-04-26/goldman-sachs-bet-against-its-own-deals-senate-s-levin-says.html

This is sort of similar to a car maker selling vehicles without brake
lines, then placing bets that their clients will crash and burn.
Essentially, it is blatant and sociopathic fraud! Goldman’s actions
directly contributed to credit collapses in numerous countries,
including Greece, and here in the U.S.

The idea that global banks can turn the economy on and off like a
light switch may be a stretch, but the vast majority of evidence shows
that they do have the ability to shift the direction of markets to a
point, as well as the ability to spur the growth of bubbles that
eventually lead to recessions, depressions, and beyond. In fact, if one
examines the U.S. economy from the inception of the Federal Reserve in
1913, they would find that the past century has been nothing but a
series of engineered equity bubbles designed to slowly hobble, but not
completely cripple, our financial system and our currency, at least,
until recently. Like a steam locomotive on a collision course with a
bottomless canyon, globalist banks can slow or speed up the pace of our
descent, but the final destination never changes.

Now that we have established that market collapses can be created by a
small handful of bankers and done knowingly, lets move on to the next
most common sheeple-like talking point.

2. Yes, international banks triggered the meltdown, but the
“greed of Capitalism” is truly to blame (i.e. Its all the Republican
Party’s fault)…

First off, if you’re parroting the fiscal debate points of two
dimensional socialist gatekeepers like Michael Moore, then you’re
already hopelessly lost in the mind warping hedge maze of the false
left/right paradigm. You should stay as far away as possible from adult
conversions on economics, especially if you plan on associating the
“greed” of capitalism and corporatism with the Republican Party alone.

News Flash! Barack Obama received far more in corporate campaign
donations (including donations from BP and Exxon) than McCain did. Both
Bush Jr. and Obama increased government spending to record levels
meaning Neo-Conservatives are in no way “conservative” (as a true
Republican is supposed to be). Obama has consistently surrounded
himself with banksters and corporate lobbyists, including various
hobgoblins from the bowels of Goldman Sachs. BOTH major parties are
owned and operated by global banks. This is a cold hard undeniable
truth of our political system. There is no way around it. Learn it,
accept it as reality, and stop trying to blame one side or the other for
problems that both sides created! If you cannot do this, your view of
our cultural state of affairs will always be horribly skewed and your
insights on our social problems will be utterly worthless.

While wannabe socialists desperately clamor to point fingers at the
free market ideology as the cause of all our ills, the fact is that none
of us have ever lived in a truly free market system. Since the
inception of the Federal Reserve in 1913, all markets and even our own
currency have become more and more vulnerable to manipulation by the
banking elite. We have lived our entire lives in a rigged market, not a
free market. To blame the very concept of Capitalism for our current
dire circumstances is not only naïve, it is dangerous. Globalists would
like nothing better than to promote the illusion that “too much
freedom” led us to this disaster, and that severe controls must be put
into place to ensure that it “never happens again”.

3. Global banks would never engineer the collapse of the U.S. economy or the Dollar. It makes them too much money…

This often heard song and dance ties in with the number two comment
above. Again, the assumption is that the globalists only do what they
do out of an “uncontrollable greed for money”. This perpetuates a
couple fallacies. First, it encourages the false belief that the end
concern for the Elite is the accumulation of riches. Central bankers
have the ability to PRINT all the money they want from thin air!
Remember, the Federal Reserve has never been subjected to a full audit,
meaning they could easily create billions if not trillions without any
oversight whatsoever. Greed for money, to them, is surely an absurd
notion. What they do want, more than anything else, is social power.
They want control over every living human being without question. All
other concerns are secondary.

The next fallacy underlying the above argument is the conjecture that
the U.S. economy is somehow indispensable to global banks. This is
simply not so. Where we see the economy as an extension of our culture
and ourselves, the Elites see financial systems as mere tools in the
pursuit of a greater goal: World Government. Imagine you are building a
house. Once your saw has fulfilled its intended role of cutting the
wood, do you cling to it, or do you throw it aside and pick up a hammer?
This is how globalists look at financial systems. They are perfectly
willing to cast off the U.S. economy like a snake shedding skin if it
brings them closer to attaining their ultimate aim.

The same goes for the Dollar. The Greenback may be the premier world
reserve currency now, but that can and likely will change very quickly
over the next couple years. The Dollar is a device that has outlived
its usefulness as far as global bankers are concerned. The IMF has on
several occasions made it clear that they eventually intend for the SDR
(Special Drawing Rights) to replace the Dollar as the world reserve
currency, and they have openly admitted that it will one day be
established as a global currency. IMF press releases make this
development sound far off and away, but SDR accumulations by countries
around the world have risen dramatically in the past year. This along
with other factors we will cover (namely China’s preparations to dump
their U.S. T-bond holdings) show that IMF actions indicate they are
preparing for a collapse of the Dollar now!

4. China would never dump U.S. Treasuries because it would hurt them as much as it hurts us…

The theory that China is somehow fused to the U.S. in a kind of
symbiotic seesaw relationship that can never be broken is so ingrained
among mainstream American financial analysts it simply will not die,
regardless of how much contradictory evidence you show them. It really
is like a mental disease which causes MSM pundits to go into involuntary
Tourettic convulsions every time you mention the words “Treasury bond
dump”. America and China are not conjoined twins, and one can survive
without the other. We have covered the China issue over and over again,
and I will not rehash all that evidence here. To lay it out simply:
China has re-engineered its economy towards consumption and importation
rather than relying on exports. The IMF has talked about this on many
occasions with apparent excitement:

http://www.imf.org/external/np/tr/2010/tr072910c.htm

China has also finalized the ASEAN trading bloc which has combined
export markets at least equal to that of the U.S. Meaning, China
already has another place to send its exports besides America.

Most importantly, China must increase their currency’s value if their
new consumer based system is to survive. Allowing the Yuan to rise
sharply in value will revitalize the buying power of the Chinese
populace making greater consumption possible. Indeed, China MUST dump
their Treasury holdings and pump up the Yuan if they are to hold their
economy together. And, the Federal Reserve has given China every reason
to turn its back on Treasuries through never ending liquidity
injections. This is not to say that a U.S. collapse will not affect
them, it would negatively affect the entire world. However, China has
positioned itself to survive, and perhaps even thrive with their
economic expansions into Africa, and their new financial agreements with
Germany.

Finally, the Chinese have been very forthcoming over the past week
about plans to drop Treasuries. China has dumped over 7.7% of their
U.S. T-Bond holdings since January, including the biggest T-bond dump on
record this month. They have openly admitted to a plan to diversify
away from the Dollar:

http://www.bloomberg.com/news/2010-08-17/china-cuts-long-term-treasury-holdings-by-most-ever-as-u-s-yields-decline.html

I’m always fascinated by those economists who vehemently deny China will
ever turn away from the U.S. Dollar while they are doing so right in
plain view. Are MSM analysts simply crazy? I don’t know, but it would
explain a lot…

5. Sure, bankers took advantage, but it’s really the American people’s fault for getting suckered…

Yes, a sizable portion of the American public can be gut wrenchingly
stupid. It hurts my head and my feelings to see people act so idiotic,
it really does. The problem with this argument though is that when it
is taken too far it becomes an attempt to divert blame away from the
criminals and place it on the victims. If you knowingly leave your
front door unlocked in a bad neighborhood and you find your home
ransacked the next day, then you are partly responsible. But, we cannot
forget that the neighborhood is “bad” in the first place because of the
criminals, not the people who don’t lock their doors.

Just because global banks can sucker the public doesn’t mean they
should, or that they cannot be judged for it. The crime ultimately
rests on those men who made the conscious effort to destroy this
country, and the blame rests with them as well. I see the attempt to
parlay the economic collapse into the lap of the American people very
often lately, especially from bankers who now claim that it’s the
American public’s fault entirely. Why? Because they will not spend
more, they will not take on more debt, they will not take on more risk,
and they will not believe hard enough in the recovery that never was.
Imagine a serial rapist behind a podium admonishing women for carrying
pepper spray. It’s eerily similar…

6. Ok, maybe the banks are causing a collapse, but to say the government is helping them is just crazy conspiracy theory…

Why is it that the Federal Reserve has never been fully audited? Why
is it that when Ron Paul tried to pass HR 1207 Federal Reserve
Transparency Bill, it was muddled in committees and then eventually
derailed? Why is it that banks like Goldman Sachs have been caught, yes
caught, setting the stage for an economic implosion in this country,
yet no government indictments have been formed to criminally prosecute
them? Why are these men still roaming free like locusts to continue
pillaging at will? Are we supposed to feel lucky that we get table
scraps like Bernie Madoff behind bars while the Federal Reserve commits
Ponzi fraud on a scale that dwarfs his?

Our government, both major parties, is owned lock stock and barrel.
This is why there are no satisfactory answers for the questions posed
above. Elements of the U.S. Government including almost every president
since 1912 have not only turned a blind eye to Globalist activities,
they have offered their full support to the bankers.

Nixon removed the Dollar from the gold standard in 1971 giving the
Fed free reign to print as much fiat as they wished without limitations.
In 1980 the Depository Institutions Deregulation and Monetary Control
Act was passed placing all banks essentially under the rules of the
Federal Reserve. The Glass-Steagall Act which kept investment banks and
depository banks separate was repealed under a Republican majority in
the Senate, and then finalized by Democratic President Bill Clinton in
1999. 30 years ago, banks that held your home mortgage were for the
most part required to keep that mortgage until it was finally paid.
But, a series of government decisions spanning that period and
influenced by global banks allowed for the “securitization” of
mortgages, leading to the creation of “derivatives”, which were then
used by corporate mobsters like Goldman Sachs to destroy our financial
system. Last, but certainly not least, both the Bush and Obama
Administrations pressured Congress into passing highly unpopular bailout
legislation which basically rewarded the same banks that created the
credit crisis with trillions in taxpayer dollars (yes, the bailouts are
now actually in the trillions, not billions). This led to the coining
of the term “too big to fail” (or “too big to jail”). Our Government
has been nothing but complicit in the banker takeover of this country.
To debate otherwise is to invite embarrassment.

I haven’t even scratched the surface of government involvement in the
collapse of our economy. Cases like the Savings and Loan crisis of the
1980’s led to serious prosecutions and jail time for more than 1100
criminal bankers, but this only caused the government to respond by
changing investigation rules to make it even more difficult to catch the
high level fraudsters in the act! Linked below is an interview between
Max Keiser and bank regulator Prof. William K Black who outlines our
government’s complicity in the breakdown of the country it is mandated
to protect:

http://www.youtube.com/watch?v=5Bf5Frx1lZk

Elites destroy cultures to make way for new philosophies; their
philosophies. Its not so much “conspiracy theory” as it is a widely
admitted methodology. Corporate globalists believe in global government
on their terms and they barely try to hide it. If someone thinks this
sounds “fantastical” then they haven’t been paying the slightest
attention. When one understands how Elites view economy, and realizes
their primary motivations, the fact that they purposely triggered a
collapse is perfectly logical. Nothing besides all out war inspires
more fear and desperation in a society than a financial upheaval. Such
elements on a mass scale allow changes in our collective psychology that
were never possible before. Most people tend to falter under such an
overwhelming threat and turn towards any authority (or fake authority)
to save them from harm. Some people scoff at this idea, but it is
likely they have never actually been in the wake of a real national
catastrophe before. Men, especially those who know little of
themselves, can change quickly in the face of calamity. The Elites
recognize this, engineer tragedy, then waltz into the aftermath to
merrily lord over the rubble.

Will their plan work? I think not, but I’m an optimist (no, really).
The pursuit of total control and total power seems rather infantile to
me, be it on an impressively psychotic level. Although, if we are made
to forget who the real enemy is, then I think they do have a chance at
success. That is how they have remained successful to this point. Only
now does the average man have such immense knowledge at his fingertips,
the knowledge to bring down a line despots and tyrants that have
reigned for centuries. If only the average man was not so easily
deterred by WMD’s (Weapons of Mass Distraction). The Elites will likely
ignite some wars, tempt us into in-fighting, and fabricate enemies like
Al Qaeda out of the ether. As the slogan goes, “Order Out Of Chaos”.
Whatever happens, our eyes must remain fixed on the root of the problem;
the bankers, and nothing else.

Globalists are not invincible, they are not untouchable, they are not
even all that brilliant. They are human, and they have made many
mistakes. The engineering of an economic meltdown really changes
nothing. Hired thugs, useful idiots, corrupt officials, even
hyperinflation, all tiny obstacles when considering the world we could
have if the Elites were finally made to face the reckoning they deserve.
Americans once took on the greatest empire on Earth. We once took a
feared king to task. Are a bunch of frothing corporate bankers really
so daunting? All that is needed is a principled movement with the will
to see justice done, and I believe we have that already.

You can contact Giordano Bruno at: giordano@neithercorp.us

 

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Tue, 08/17/2010 - 14:11 | 526489 downrodeo
downrodeo's picture

I like your Jungian take on the subject, although I've never been convinced that the hive anology is appropriate for humans. Sure we can, and often do, reduce ourselves to worker drones, but it makes us miserable. Couldn't the manifestation of a collective human psyche allow for individualism? Is it impossible for there to be social cohesion on a macro scale and still leave room for individual creativity and expression? I'm not convinced that the two are mutually exclusive. Do we humans suck at life so badly that the only way for us to live sucessfully is in some sort of Orwellian panopticon? This seems like a diseased thought to me.

 

Wed, 08/18/2010 - 09:09 | 527892 narlah
narlah's picture

Read up about "Resouce Based System" at http://thevenusproject.com/a-new-social-design/resource-based-economy

 

No , we are not so stupid and we can do better. But as CD said - there will be alot of shortcommings and bad things before we decide to try something new. Crowd psychology for the worst :(

Wed, 08/18/2010 - 14:00 | 528576 downrodeo
downrodeo's picture

Bring the pain! I'm ready, lets do it; rip it off like a band-aid, no more delays!

Wed, 08/18/2010 - 18:31 | 529218 MachoMan
MachoMan's picture

Like the blueprint for change, there are a lot of concepts, but not procedures to get there.  In the end, they'll find that they too are subject to the laws of supply and demand as well as the rules pertaining to the realization of a maximization of resources.  Further, the reason why they need collapse to happen before the seeds can be planted for their plan is because, like Machiavelli said in the Prince, once subjects taste freedom, you have to kill them because they will not be tamed.  Same issue here...  people have seen flat screen televisions, george foreman grills, precooked chicken nuggets in a bag, and multiple vehicles per family.  For this sort of thing to take hold, you'll need to wipe out the collective memory too.

Tue, 08/17/2010 - 13:11 | 526323 BobPaulson
BobPaulson's picture

I  can't provide the burden of proof part but I have two sensible concepts that I derive from a " malicious beehive theory"

 

1) Humans are IM0 are too weak  and self serving to pull off a grand conspiracy. But their collective sociopathy  could be contributing to some more complex sentience of which we  are not entirely aware.

 2) If the global government is in fact human collectivity somehow trying to come to life, surely its biggest enemy would be  individuality and self determination. I know this sounds like science fiction, but if a sentience is striving to exist, it would first  send its "antibodies" to wipe out free thought. Think of how the hive would react to individual bees planning for themselves or focusing on their own personal goals or dreams.  The Hive, though the very existence of its sentience is not clear, appears to act as e single creature without constituent elements  being aware of how they contribute or what the "grand scheme" is.

 

 Synopsis: perhaps a grand conspiracy is underway without the knowledge or intentional participation of its principal contributors.

Tue, 08/17/2010 - 14:58 | 526599 Cognitive Dissonance
Cognitive Dissonance's picture

Perhaps. And like an onion, there are nearly endless layers within layers within layers. Thus a small cabal (either human or another type of sentient being) can use those outer layers to manipulate, control and influence without any of those within the outer layers ever seeing or understanding the big picture.

The military operates using this paradigm, with information only dispersed on an "need to know" and even then, those who "need to know" are carefully controlled on what they "need to actually know". Of course, this concept is extremely frightening to those who want to "control" their lives or who wish to believe that most if not all they do is a product of their own intellect and decision making process. Self will if you will.

I suggest that easily 95% of what we "do", more accurately the "decisions" we supposedly make on a daily basis, are in fact made based upon routine or based upon very narrow parameters and choices we are presented with.

America isn't the land of the free. America is the land of the delusional freedom-to-make-choices from a narrow menu proffered by the system. Would you like this puppet to be your illusion leader or that puppet? Would you like this predictive programming TV show to watch or that predictive programming TV show to watch. See, you have plenty of freedom............of choice between two nearly identical offerings. Now shut up and consume.

Tue, 08/17/2010 - 15:59 | 526801 Cathartes Aura
Cathartes Aura's picture

from all that I've read - and I am a voracious reader - the onion analogy is the most applicable - people only get the information to exist within their allocated "layer" and to disrupt that system is dangerous - to "thinking" and to body.

as to your final paragraph - by not voting (and not paying any attention to the whole process / circus that surrounds "voting"), and not owning or watching a television, one cuts out a HUGE portion of the groupthink on offer, freeing up the brain to make other more relevant connections. . .

just sayin'

 

Tue, 08/17/2010 - 16:33 | 526887 Cognitive Dissonance
Cognitive Dissonance's picture

Fully agree, particularly about the TV and other sources of mainstream media group think propaganda indoctrination confirmation bias mind numbing junk think empty space filling drivel. So many people say that our leaders are "crazy" or "stupid" simply because they want to believe their programming. But the actions of "their" leaders rarely mesh well with their programming.

Since the average Joe wants to believe his or her programming (because it's the softer easier way forward) and the world view it projects/infers, anything that doesn't conform with it must be crazy or stupid. God forbid if we were to question our basic premise and assumptions. So much easier to preserve our worldview programming base and reject the contrary information. Whatever it takes to subdue the pain of the on rushing cognitive dissonance.

Sleep sweet baby sleep.

Wed, 08/18/2010 - 08:33 | 527845 MachoMan
MachoMan's picture

I agree that a startling amount of our "choices" are just choices in appearance...  However, I disagree that the narrowed parameters of our existence are universally and proactively controlled by some cabal.  I believe most of our habits are simply the derivatives of biology and upbringing...  and not the participation of bogeymen.  Yes, maybe they have some control along the way in our upbringing, but our habits would be defined either way...  I haven't been able to bridge the cabal gap, despite a sincere effort to piece together the puzzle.

Tue, 08/17/2010 - 13:46 | 526406 sgt_doom
sgt_doom's picture

Well said, CD, well said.

I have met far too many seemingly intelligent (although I would never classify as sane) adults who are ardent believers in the "Good Political Fairy Theory" philosphy:

no matter how seemingly incompetent and evil someone is, once they have assumed a high elective office, they will suddenly be miraculously endowed with virtue, intelligence and wisdom.

Unfrigging believable to the rest of us, but...

I heard this semi-well-known Gay political commentator, Dan Savage, a few years back on NPR, when he was supporting the Bush-led invasion of Iraq.

Completely ignorant of the multiple generations of evil-doing from the Bush-Walker family (their munitions - and faulty munitions manufacturing, war financing - of both or all sides, their drug running, establishing the National Association of Manufacturers, etc.), and how Saddam originally got to power of Iraq, this Dan Savage-guy was behind Bush!

Thanks to Bush, now the people of Iraq -- and Afghanistan -- have Sharia law written into the constitutions as the prevailing law of the land.

Arriving at any and all conclusions without any data to back it up is always fantasy, or wishful, thinking, and is what those meglomaniacal greedheads always count on!

 

Tue, 08/17/2010 - 12:07 | 526104 DaveyJones
DaveyJones's picture

I love the burden of proof argument. You sound like a criminal defense attorney. Actually, you sound like their defense attorney. It didn't happen because you will never get twelve jurors to decide the elements of the crime beyond a reasonable doubt.  And by the way, you have the burden of proof completely backwards. As citizens, we get to demand from our government that they explain to us why the ___ is hitting the fan. They, not we, must explain why a thousand people went to jail over the S&L scandal and why next to no one has gone down today. They, not we,  have to explain why Goldman Sachs is even allowed to continue on out of custody and remain in high government places when so much criminal filth has been uncovered. They, not we, have to explain the identity, necessity, purpose, and transactions of the FED. Tey, not we, must explain why they, in collusion with the financially powerfull, removed most of the regulations that policed these collapsing arenas. They, not we, must explain why 90 percent of those who called in to their representative opposed the TARP bailouts yet they proceeded with policies that merely benefited the criminals who caused the crisis in the first place. Like many have pointed out before, any criminal action that involves any financial sophistication requires a conspiracy by defintion. Using that word in this context is meaningless.    

Tue, 08/17/2010 - 12:31 | 526226 Cognitive Dissonance
Cognitive Dissonance's picture

Using that word in this context is meaningless.

Of course, you mean "conspiracy" as in "conspiracy theory".

The term is often used for one of two basic reasons. Almost all reasons cited by anyone stem from these two.

1) To deflect and defend a position that can't be defended. The term has been twisted to mean something that is socially undesirable. It's a form of ad hominem attack that uses socially manipulated pressures against you or I. No one wishes to be isolated socially, thus the keepers of the public myth have distorted this term and maligned it to represent a bad social outcome if it's pursued.

The term is a mind killer, a brain freezer. It stops many people in their tracks. It's now used as an epitaph or an insult. And certain people, often in positions of power, use it deliberately and intentionally to disarm and deflect. It is a weapon of language.

2) More often it's used to defend the person who's using the term against someone else from having to deal with their own cognitive dissonance. It allows any contrary thought or belief to be summarily discarded and dismissed without considering relevant facts or evidence. It is the opposite of accepting something a prior. In effect, it's dismissing something a prior.

It saves the person from the pain and extreme discomfort of their cognitive dissonance by placing themselves on the "correct" side of the social spectrum. Since the term has been twisted into something socially and morally "wrong" or distasteful, those that use the term self elevate themselves higher socially, both in their own mind and in practice among others.

Since many people don't wish to be isolated, they will defend the person claiming the argument to be a conspiracy theory simply to avoid the social stigma of being labeled a crazy or misfit themselves, even if they happen to believe the conspiracy is true or real. Happens all the time and precisely why it's used by those who don't wish to pursue their own cognitive self destruction by re-examining their own worldview and belief system.

Tue, 08/17/2010 - 12:44 | 526259 Max Hunter
Max Hunter's picture

Nuh Uhhhh... That's not what Bill O'Reilly said.. ;)

Tue, 08/17/2010 - 15:05 | 526643 andyupnorth
andyupnorth's picture

+2 for DaveyJones and CD

Wed, 08/18/2010 - 12:41 | 528385 BobPaulson
BobPaulson's picture

The coincidence theorists often contaminate pop culture or media intentionally clustering talk about UFOs and Demon Possession and other easily dismissed insanity with legitimate questioning of the system or their Machievellian masters. Its an intentional method of discrediting groups like Truthers or third political party advocates. Textbook stuff.

Wed, 08/18/2010 - 08:38 | 527854 bc0203
bc0203's picture

DaveyJones, you are dealing with governments in the US (and the EU, for that matter) that are in a severe state of decay.  Corruption and collusion at all levels is commonplace in this scenario - indeed the IMF runs into it all the time.  Perhaps you haven't read this article? 

http://www.theatlantic.com/magazine/archive/2009/05/the-quiet-coup/7364/

 

Tue, 08/17/2010 - 12:18 | 526175 Confused
Confused's picture

@Internet Tough Guy

cannot say I totally disagree, however, history does support that those in power (across the globe) have in most instances attempted to move towards global dominance.

Mongols, Romans, Germans, English, Spanish, etc.

 

Perhaps I'm being naive.

Tue, 08/17/2010 - 16:43 | 526911 RockyRacoon
RockyRacoon's picture

No, just Confused.   (Couldn't resist.)  

Money is not a goal, it is a tool -- to get POWER.

Tue, 08/17/2010 - 10:36 | 525863 ToNYC
ToNYC's picture

Keyser Soze became GS.

"lots of stupid, greedy, shortsighted people" got the Rope-A-Dope treatment. As long as people believe they can win without a real currency (like electricity in our society) built on the exchange of realizing production, they live for the next trick from the short-sighted gimmick bag.

 

Tue, 08/17/2010 - 10:44 | 525890 IBelieveInMagic
IBelieveInMagic's picture

In fact I would take it further and say that these are desperate efforts to keep a system that benefited the US, and to a lesser extent, developed Europe going even if it ends up especially enriching a small group of elites. I would say the gnashing of teeth at ZH and other blogs can be classified along with "You doth protest too much". 

Not to be a hypocrite, even I indulge in this kind of blame game as it provides relief from the feelings of helplessness engendered by our current predicament.

Tue, 08/17/2010 - 16:09 | 526822 Cathartes Aura
Cathartes Aura's picture

In fact I would take it further and say that these are desperate efforts to keep a system that benefited the US, and to a lesser extent, developed Europe going even if it ends up especially enriching a small group of elites.

 

hey, wouldn't it be a trip if that "small group of elites" from "developed Europe" had all along used the US to ultimately "enrich" themselves, kinda like a big ole resource, like a farm or a mine or. . . ^^

 

[edit: I am not your anonymous junker]

 

Tue, 08/17/2010 - 10:43 | 525891 centerline
centerline's picture

Why is this junked so quickly?  It is worth talking about.  At least to springboard from.  I'll take a stab.

 

No "unified" global conspiracy.  No Kaizer Soze.  But, is class warfare for sure.  Mr. Buffet even said it himself - and I don't think anyone knew how serious he was.

 

There are most likely at least a few groups of people at this social level, aligned on certain visions of preferred social order and management.  Like a big game of chess.  On track for unification at some point probably - but the game is very much young.  Lots of developing countries to shift focus to.  Lots of resources left to play with.  

Tue, 08/17/2010 - 11:52 | 526090 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

I'll take a stab.

No "unified" global conspiracy.

unification at some point probably - but the game is very much young.

The article was talking directly to YOU.  Did you read it?

Try Carroll Quigley on for size some weekend when you feel like shifting your conciousness a bit.

Tue, 08/17/2010 - 13:50 | 526427 sgt_doom
sgt_doom's picture

"Try Carroll Quigley on for size some weekend...."

And Ferdinand Lundberg, and Jeff Faux, , and Michael Hudson (the economist), and James Galbraith (econ. prof), and Henry George, and Catherine Austin Fitts, and Elizabeth Warren's books, and.....

Tue, 08/17/2010 - 15:49 | 526775 centerline
centerline's picture

Open minded here, and agree with much of the article - just not quick to go full-tilt in one direction or another.  I appreciate the suggestion for material.  I will look that up and read it.

Tue, 08/17/2010 - 16:07 | 526818 Council of Econ...
Council of Economic Terrorists's picture

Yes. Tragedy and Hope by Carrol Quigley.

 

Also, The Secret Destiny of America by Manly Hall.

Tue, 08/17/2010 - 16:27 | 526874 Cathartes Aura
Cathartes Aura's picture

to all the above recommendations, I'll add this:

http://www.youtube.com/watch?v=Xbp6umQT58A

it's less than 15min long, but if you're ready to understand, that's all you'll need.

Tue, 08/17/2010 - 16:59 | 526954 RockyRacoon
RockyRacoon's picture

Very nice.  Thank you.

Tue, 08/17/2010 - 11:30 | 526013 MrPalladium
MrPalladium's picture

The word "conspiracy" implies that there is some sort of organization of the participants and a system to recruit and discipline the participants to keep them in line.

However, it does not require a conspiracy (of that nature) to induce people to do what is in their self interest. It is the shared self interest of all those who enter the financial industry which organizes and disciplines them, just as self interest organizes and disciplines employees of a profit making corporation.

Given the interests involved  I would be surprised if this rather natural form of "conspiracy" - in the sense of cooperating to keep alive the system that provides the opportunity for power and control - did not exist.

Tue, 08/17/2010 - 13:49 | 526426 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Feel free to replace "Conspiracy" with cartel, gang or mafia. It is not merely that a group of individuals hang together for a mutual benefit--these groups also suppress other individuals/groups in order to keep their profits higher, with the longer term goal of exerting as little effort as possible to get the max capitulation from the rest of the environment.

Tue, 08/17/2010 - 12:13 | 526161 MSJChE
MSJChE's picture

ITG,

Read up on the principle of round table groups, the CFR and the Trilateral Commission.

They either recruit key members, or orchestrate their appointment, in key institutions.  In this way they are able to compartmentalize their efforts as to make their overall moves hidden.  Damn brilliant, IMO.

Tue, 08/17/2010 - 14:01 | 526452 sgt_doom
sgt_doom's picture

Great points, MSJChE.

A moment looking over the membership list of the Trilateral Commission....

http://www.trilateral.org/download/file/2010-07-27-NA_Membership.pdf

... will demonstrate why Charlie Rose (a member), and the chairman of the Washington Post (a member), and John Negroponte (a member), and Timothy Geithner (a former member, resigned upon accepting a public service position in the Obama Admin.), Larry Summers (ditto), Diana Farrell (ditto), Richard Holbrooke (ditto), C. Frederick Bergsten (Peterson Institute, a member), E. Gerald Corrigan (a member), Diane Feinstein (a member), Martin Feldstein (a member), Robert Kagan (a member), Henry Kissinger (a member), John Podesta (a member), Condoleezza Rice (a member), Jay Rockefeller (a member), Paul Volcker (a member),....

Well, hopefully (but doubtful) people might start picking up on the reality layer the rest of us occupy.

 

 

 

Tue, 08/17/2010 - 16:18 | 526395 downrodeo
downrodeo's picture

"there are too many competing interests..."

Consider the two parties in our current system. They have many competing interests. This doesn't mean that they can't pass the patriot act. When the overarching goal is the same, the petty sqabbles don't even come into play. They serve as distractions. Of course there are different groups with different motives. However, assuming they are all on board with the grand scheme of things, we'll get to it sooner or later.  

 

Also, If we're all so stupid, wouldn't that make it easier for us to be hoodwinked?

 

No, no, no, you're right. No small group of humans could ever exert dominance over the whole world. That would be physically impossible. It's all a series of unfortunate coincidences. Damn I've got some s#!tty luck!

Tue, 08/17/2010 - 10:10 | 525798 chrisina
chrisina's picture

The nominal value of an SDR is derived from a basket of currencies; USD, Euros, Yen and British Pounds. If the dollar collapsed, so would all these other currencies and of course SDRs.

.The notion that the global banking elite wants to collapse the dollar in order to replace it with SDRs is ridiculously stupid.

Tue, 08/17/2010 - 10:20 | 525823 Bankster T Cubed
Bankster T Cubed's picture

oh?  maybe you will wake up the day it happens.   maybe not.

Tue, 08/17/2010 - 10:39 | 525878 chrisina
chrisina's picture

I do believe there is a growing risk the dollar will collapse. But the notion that it's an engineered collapse in order to replace it with SDRs is completely fallacious when SDRs derive their value from the dollar, Euro, Yen and GBP.

Just look up what an SDR is made of:

44% USD + 34% EUR + 11% JPY + 11% GBP

 

So please explain how an SDR can retain its value if the USD collapses ? 

Tue, 08/17/2010 - 10:49 | 525919 centerline
centerline's picture

Those precentages are not fixed.  They can just shift away from the failing currency (USD) and into one (or others) that is gaining strength or has better stability.  Rather than "throwing a switch" and killing the USD, it allows for phased transition out of the USD.  It also sets the stage for a "one-world" currency... better consolodation of central bank influence and contol over the money supply... which is likely the next play in the book.  IMO, it is entirely plausible that the USD is "scheduled" for demolition.  

Tue, 08/17/2010 - 11:09 | 525957 chrisina
chrisina's picture

And what would happen to the EUR, JPY, and GBP if the USD were to collapse?

btw, I thought the consensus on zerohedge was that the EUR would collapse before the USD.

 

 

Tue, 08/17/2010 - 11:27 | 526005 centerline
centerline's picture

I can't claim to know exactly how things would go, but can speculate that if the USD were to simply "implode" or the EUR to simply "implode" that the effects would be less desireable than an "engineered" transition - a managed demolition.

 

Whether the EUR collapses before the USD or vice versa is sort of relative thing herein.  I could even be part of what is needed to push SDR's into creation.  Kind of like deflation being needed in order "sell" the public on more stimulus... even have them begging for it at some point.  Makes it easy to pass the blame.

Tue, 08/17/2010 - 11:35 | 526028 chrisina
chrisina's picture

You can't replace collapsed fiat currencies with a basket of collapsed fiat currencies.

 

IT

DOESN'T

WORK

 

Forget SDRs.

Tue, 08/17/2010 - 12:23 | 526130 centerline
centerline's picture

You are thinking that fiat currencies are all going to collapse, which would be the end of the fiat game, and attempting to connect this to the creation of SDR's.  But that is a different subject than the game itself, which IS in fact fiat currencies... or should I say "the ability to control the money supply."  Remember that nothing is collapsed (yet), and it is all relative.  In my humble opinion, you are stretching too far!    

 

edit (add on):

It might happen that everything goes to crap in a hurry.  In such a case, SDR's may be moot.  The alternative under dicussion is the possibility that the US may sadly be at the end of it's time in the spotlight.  And that the transition can be controlled.  SDR's in this case provide a transition to emerging markets and currencies.  Money has no allegiance to any country.  A further point of the dicsussion is that transition was highly planned, as opposed to being a response - born of resource, mathematical, socioeconomic or other factors and combinations therein.

Thu, 08/19/2010 - 22:46 | 532039 Geoff-UK
Geoff-UK's picture

The real question is whether they will allow a gold-backed currency, or transition the world to a single fiat currency.

My depression grows daily.

Tue, 08/17/2010 - 16:33 | 526893 Cathartes Aura
Cathartes Aura's picture

what is the "value" of fiat currency chrisina?  who agrees on that "value"?

if dollars are "removed" - and "value" is assigned to some thing else by those who can and will do this - do you honestly believe it has to be logical?

Tue, 08/17/2010 - 11:56 | 526103 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

I thought the consensus on zerohedge was that...

Hehe, she said 'consensus.'

Tue, 08/17/2010 - 12:18 | 526184 Trichy
Trichy's picture

A EUR collapse does not in any way have to result in all the underlying currencies would collapse. I would rather state the contrary that on a weighted basis the EUR area currencies would probably appreciate against all other currencies.

Tue, 08/17/2010 - 10:52 | 525923 Yardfarmer
Yardfarmer's picture

perhaps the answer to your question is called the yuan (renminbi). you obviously missed the part of the post concerning China.

Tue, 08/17/2010 - 11:10 | 525967 chrisina
chrisina's picture

So now the global banking elite wants to collapse the dollar in order to replace it not with SDRs but with chinese Yuan?

Tue, 08/17/2010 - 11:42 | 526052 fredquimby
fredquimby's picture

No, not replace, China is internationalising it's currency so that they will be included in the rehash of the SDR currencies in early 2011.

My guess is that they will fully internationalise the Yuan by March 2011.

Tue, 08/17/2010 - 12:26 | 526213 Trichy
Trichy's picture

The Trilaterals don't have power enough to pressure China into an SDR system. China has nothing to gain. China is preparing for the US fall by floating their currency, hoarding raw materials and entering trade agreements with those who have the best odds of surviving.  

Tue, 08/17/2010 - 16:38 | 526900 Cathartes Aura
Cathartes Aura's picture

truth.

Tue, 08/17/2010 - 11:47 | 526069 hound dog vigilante
hound dog vigilante's picture

Come on, Chrisina, must everything be spoon fed and wrapped tight like a birthday gift?

Nobody has the answers. We're all groping in the dark reaching for a security blanket while bad men linger in the corners ready to club us if we get too close to the door. Think for yourself and prepare for the worst.

 

Tue, 08/17/2010 - 12:13 | 526160 chrisina
chrisina's picture

I agree with you. But do I sound like I want everything to be spoon fed? 

The value of a blog community like zerohedge is to bounce rational arguments against each other so as to gradually gain better understanding and better prepare for this highly uncertain future. This includes eliminating hypothesis that make no sense.

Tue, 08/17/2010 - 10:27 | 525843 Calculated_Risk
Calculated_Risk's picture

We'd all be on a level playing field, all countries/people would be the same. Isn't that what socialism is about? What better way to achieve it. Then we in country X can work harder to support, industrialize etc. country Y without worry of sovereignty... it'd be a big giant club to beat you down with (see Greece austerity and the Euro).

And gold would be thrown in to show it's "legitimacy", or to prop up the "value".

Tue, 08/17/2010 - 11:15 | 525980 stollcri
stollcri's picture

I thought that straight socialism was the common ownership of the means of production in order to benefit the labor that produces society's bounty. The level playing field concept would apply to classes, or the elimination thereof, I think. Socialists would not give the power to the capitalists in hopes that they would someday decide out of the kindness of their hearts to divest themselves of the wealth and power they have acquired (maybe a hardcore Marxist would). I thought their slogan was something like "workers of the world unite", not "capitalist of the world unite"?

But, then again, maybe I am missing something here.

Tue, 08/17/2010 - 11:57 | 526109 gmrpeabody
gmrpeabody's picture

Definitions of words like "socialist" and "capitalist" can, and do change daily/whenever needed, whichever comes first. Did you think some of the well known "socialists" of past, really gave a rats ass about the workers? Do you really think the "capitalists" of today really want a free market, or a level playing field?

Tue, 08/17/2010 - 12:33 | 526230 Trichy
Trichy's picture

Socialism relies on the state having total power. The power of a country relies on issuance of money in one way or another. That power was given to the "capitalists". By that definition the US adopted socialism by capitalists back in 1913.

Tue, 08/17/2010 - 11:29 | 525990 chrisina
chrisina's picture

Assuming that's their goal, establishing a new world order with a single world currency, I don't see how they achieve that with a basket of collapsed fiat currencies (SDRs).

When the dollar will collapse and the other reserve fiat currencies with it, they will certainly not be replaced by a basket of collapsed currencies.  

Justread up the transition between Papiermark, Rentenmark,and Reichmark to get an idea.

Whatever new international monetary system would emerge from a collapse of existing fiat currencies would necessarily have to be backed by a shitload of hard assets (precious metals, industrial assets, agrigultural land, real estate). That's certainly not SDRs...

Tue, 08/17/2010 - 11:36 | 526030 francismarion
francismarion's picture

Hooray for you! That shut'em up, didn't it?

Tue, 08/17/2010 - 13:52 | 526431 Calculated_Risk
Calculated_Risk's picture

um NO!

Tue, 08/17/2010 - 13:52 | 526430 Calculated_Risk
Calculated_Risk's picture

The value of the SDR was initially defined as equivalent to 0.888671 grams of fine gold—which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system in 1973, however, the SDR was redefined as a basket of currencies, today consisting of the euro, Japanese yen, pound sterling, and U.S. dollar.

 

It was gold backed.

The SDR has been defined, and redefined. They may or may not throw in gold (i.e. redefine) to give it legitimacy/stability.

 

Russia wants rouble, yuan, gold in SDR basket

http://www.reuters.com/article/idUSLS37648120090328

China had also backed this plan, but including all major currencies.

And recall, this statement was given at the BRIC conference..

 

SDR nickname "paper gold"

Hmm, they even have the nickname "paper gold"... sounding legitimate?

 

Define, redefine to fit their needs.

 

As for a bunch of collapsed currencies not having value... it's all relative right? What is the intrinsic value of that green piece of paper in your pocket?

 

"There is no spoon."

 

 

Tue, 08/17/2010 - 14:07 | 526478 sgt_doom
sgt_doom's picture

Sweet Jaysus, you remind me of those fools who argued about which color of the lifeboat they would only climb in as the Titannic sunk.....

Thu, 08/19/2010 - 22:51 | 532042 Geoff-UK
Geoff-UK's picture

I'm starting to think they'll never allow the middle class to legally own and trade gold.

And that they'll just substitute some other fiat currency just when it looks like the madness might end.

Tue, 08/17/2010 - 12:17 | 526177 MSJChE
MSJChE's picture

Wrong.  If the western currencies fall, resource and production rich eastern currencies will rise significantly in relation.  The productive countries have been artificially pegging their currencies (obviously China) to western currencies to perpetuate the consumption binge.

Tue, 08/17/2010 - 13:08 | 526318 chrisina
chrisina's picture

So what, SDRs are a basket of western currencies. If western currencies fall, SDRs fall. Engineering the collapse of the dollar so as to replace it with SDRs makes no sense.

Tue, 08/17/2010 - 10:10 | 525800 Oh regional Indian
Oh regional Indian's picture

Superb article. Bold, covers all the issues. What makes me wonder is certain people who I send articles like this to, read three lines and yawn.

??? 

It's really hard to take the sleepers side sometimes, but waking up is hard to do.

Well called Giordano, I wonder how the shills will counter this one.

ORI

http://aadivaahan.wordpress.com

Tue, 08/17/2010 - 10:13 | 525804 Amsterdammer
Amsterdammer's picture

Excellent insight. I would add to the list

Dean Baker: Bernanke: Wall Street's servant

http://www.huffingtonpost.com/dean-baker/ben-bernanke-wall-streets_b_683...

Tue, 08/17/2010 - 11:57 | 526108 hound dog vigilante
hound dog vigilante's picture

Baker is an odd duck... not easy to pin down in the context of US politics/economics.  Anti-corporate & anti-Wall St. for sure, yet also quite the apologist for big government, massive regulation & Keynesian policy.

He's probably smart enough to know that Corps./Wall St. = big gov't. Every time I think he's about to go libertarian and bash DC, he somehow ends up defending the federal status quo. Disappointing.

 

Tue, 08/17/2010 - 14:15 | 526493 sgt_doom
sgt_doom's picture

I truly love your comments, hound dog vigilante!!!

They exactly voice my own concerns.

I used to be confused about people like that, the Kevin Phillips ("It was the CPI that was the cause of the economic meltdown!"), and so many others.

These people, many times purposely, sometimes simply accidentally, represent the "Misdirector Class" -- those would who redirect or misdirect our attention elsewhere.

Don't look there, look over here.....don't pay any close attention to that recently released report from the Special Inspector General for Iraq Reconstruction (SIGIR), but instead occupy all your time (as the faux media does) with that nonissue of a future mosque in NYC.

Don't be concerned with the connection between Governor Brewer (Arizona) and Corrections Corporation of America, and the push to pass laws to incarcerate more and more and drain the local and national tax base, but instead fire an industrious and reliable Dept. of Agriculture person and focus all the faux media attention upon her.

Yup...the Misdirector Class.....

 

Tue, 08/17/2010 - 10:15 | 525810 Samual Adams
Samual Adams's picture

Great article.  Fall of the Republic is great as well.

Neithercorp maintains a great standard.

Tue, 08/17/2010 - 10:17 | 525815 MGA_1
MGA_1's picture

What the hell do the Bilderburgers really talk about at their meetings ??

Well, anyway, best to hold on to your gold & silver.

Tue, 08/17/2010 - 10:21 | 525819 Mako
Mako's picture

Any large system based on usury is doomed to collapse.  It's not a conspiracy, there is just two classes of people 1.) the stupid lemmings(ones that believe the lie) that believe a system based on usury can be sustained long-term 2.) the people that can do basic Math(and don't believe the lie) and know it can't be sustained long-term. 

Plenty of sucker lemmings still out there... how do I know... well the system would collapse this second if there wasn't.  Eventually the remaining lemmings will be overwhelmed by their stupidity.

Conspiracy no, a bunch of stupid lemmings, yes.

 

 

Tue, 08/17/2010 - 10:23 | 525832 Misean
Misean's picture

It's possible, certainly there is a confluence of actions amonst the elite, but I think they're just a bunch of rabid looters, and hangers on.

Tue, 08/17/2010 - 10:24 | 525833 SheepDog-One
SheepDog-One's picture

1 World Govt, population reduction, bitchez.

Tue, 08/17/2010 - 12:03 | 526128 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

But, but, but...

Tue, 08/17/2010 - 10:24 | 525838 Milestones
Milestones's picture

Over 2  years ago as I looked at what was happening (2008) and watched Paulson on T.V. with his magic 3 page demand I commented to a group watching MSNBC "we gave just witnessed a coup de D'eat and not a fuckin soul on T.V. understood what was transpiring". How could there have ever been any doubt in anyone's mind what was going on.

None of what has happened made any sense unless it was the absolute destruction of the world economy as the final goal.

Gold and silver will be cheapened, siezed by the elite bankers, new gold and silver based coinage will be minted with a RFD chip in it and all other gold and silver will be declared at a fixed amount of $50 and $5 per ounce or whatever and the gold bugs are going to get fucked. The writing was on the wall the day of Paulsons coup.  Milestones

Tue, 08/17/2010 - 16:23 | 526863 pocomotion
pocomotion's picture

Miles, I call BS on your 2 year old story.  You sat on the beach last week reading Aftershock or better, Prechter's Conquer the Crash while eating a popsicle.

Later you used the popsicle stick to get the sand out your azz.

Tue, 08/17/2010 - 10:27 | 525840 Psquared
Psquared's picture

I am prepared to believe it, but show me where it has happened in the past - even on a small scale. I am not hard-headed, but I want hard evidence of such a conspiracy. Sure, you can point to historical events as predicates (creation of the Federal Reserve, abandonment of Bretton Woods and the gold standard, etc) but a multi-generational conspiracy that will come to fruition in modern America! I need empirical proof. Give me a credible whistleblower or a smoking gun document, but give me more than historical (hysterical?) antecedents which, a priori, become evidence.

As a trained attorney I see motive, opportunity but no hard evidence. What we have so far would not even be probative as circumstantial evidence.

Tue, 08/17/2010 - 10:39 | 525875 Calculated_Risk
Calculated_Risk's picture

Treasury: "Global Supervisory Group Should be given Stronger Mandate"
http://i380.photobucket.com/albums/oo248/blackmarketdata/Treasuryglobalgroupstrongermandate.jpg

Treasury: "Financial Stability Forum Should be Elevated To Level Of IMF and Word Bank"
http://i380.photobucket.com/albums/oo248/blackmarketdata/treasuryelevatetoimfworldbank.jpg

Bernanke: "Reform of U.S. financial system should be coordinated globally"
http://i380.photobucket.com/albums/oo248/blackmarketdata/bernankeglobalcoordination.jpg

Bernanke Going global, in front of a CFR billboard no less...
http://i380.photobucket.com/albums/oo248/blackmarketdata/bernankeglobalsolution.jpg

 

 P.S.

http://www.amazon.com/Shadows-Power-Council-Relations-American/dp/0882791346

 

Tue, 08/17/2010 - 10:45 | 525898 Bankster T Cubed
Bankster T Cubed's picture

yep

Tue, 08/17/2010 - 12:16 | 526173 DaveyJones
DaveyJones's picture

no matter how poor I end up, I'll feel a lot better when these people are in jail 

Tue, 08/17/2010 - 16:20 | 526858 Council of Econ...
Council of Economic Terrorists's picture

Our corporate and political ruling class (the "authorities") author the law.  What makes you think they will ever go to jail.  Madoff had to have extremely pissed someone off because he didn't do anything different from what our Treasury Dept is doing.

Tue, 08/17/2010 - 16:42 | 526904 DaveyJones
DaveyJones's picture

after the revolution. Just like the collapse, the only thing left uncertain is the timing. Last time I checked, they're still hunting nazis.

Tue, 08/17/2010 - 15:15 | 526681 andyupnorth
andyupnorth's picture

Who wants to get their hands on all that insider information and status of being exempt from the rule of lawÉ

"Ooh! Ooh! Pick me!! Pick meee!!!"

Tue, 08/17/2010 - 23:47 | 527562 Psquared
Psquared's picture

Not sure what I am supposed to gleen from these jpeg images. No real information there. I see nothing but circumstantial evidence that there is a global and multi-generational plot by a cabal of the super rich to crash the system and take over the world.

The evidence is a priori meaning it is data mining for evidence to support a thesis.

I have read numerous books on the subject. I can list them here if you would like. I still see it as a weak case. At best the evidence is mildly suggestive of the notion that a current crop of bankers want to gamble with public money, but beyond making themselves rich I don't see the grand conspiracy. I just don't think it is there and I don't think the evidence would convince a jury of 12.

The policies are wrong-headed to be sure ... maybe even boneheaded ... but designed to crash the system intentionally? Nope ... I don't see it. The consequences of such a crash would be too difficult to control and I don't see the mechanisms in place to guarantee the outcome. If this is the plan they have a lot of work to do.

Tue, 08/17/2010 - 14:38 | 526545 sgt_doom
sgt_doom's picture

Geez, if you really are an attorney, I sympathize with anyone who retains you!

You aren't particularly knowledgeable about history, are you?

Ever read up on the history of J.P. Morgan? Goldman Sachs?  At least go back and peruse the recent Rolling Stones' article by Taibbi, dood!

And put out the effort to compare the membership lists of the Group of Thirty, the Trilateral Commission, the Peterson Institute and the Bretton Woods Committee.

Study the tax code, for chrissakes! (along with its history)

Read the predatory legislation, predatory jurisprudence leading to all the predatory capitalism which took place over the preceding twenty years, fer chrissakes!

As an "attorney," you certainly should have come in contact with case histories of criminal conspiracies in law school, fer chrissakes?

Are you really an attorney.......

 

Tue, 08/17/2010 - 10:28 | 525844 lynnybee
lynnybee's picture

"Yes, a sizable portion of the American public can be gut wrenchingly stupid. It hurts my head and my feelings to see people act so idiotic, it really does."   .... please don't blame the victim, I take exception to this sentence (under point #5).   Most Americans, especially the elderly among us are good, decent & trusting people.   They saved, put money in a bank expecting to earn interest on deposit & look what happened to them, RUBIN / GREENSPAN took advantage of that trust.   I'm sorry, these people have nothing left to give & yet the banksters want even more of the older generation.  The banksters will not be satisfied until they have drained every last penny of wealth that the older generation has managed to hold on to.     In her wildest dream of dreams, my elderly Grandma Jo (r.i.p.) would never have come up with a scheme this bold & evil.   Grandma Jo left a sizeable trust fund (in trust at a local bank) to her grandchildren, she trusted them & the system .......all her saving & planning will be destroyed by the government & inflation or hyperinflation.     The older generation has been screwed royally by those very people who they put their trust in.   THE GREAT LESSON ~~ NEVER TRUST GOVERNMENT.  .......... I'm so mad I could spit.

Tue, 08/17/2010 - 11:08 | 525956 NoBull1994
NoBull1994's picture

I wouldn't say the older generation has been screwed.  Quite the contrary.  The current "older generation" is living on Social Security, paid for in a ponzi-like fashion by the working people of today.  It has Medicare, paid for again by the working people of today.  It has pension income, paid for again by the working people of today.

None of these things will exist in the future for the today's working people picking up your tab right now.

Tue, 08/17/2010 - 12:04 | 526133 Johnny Bravo
Johnny Bravo's picture

I totally agree with this and then some.

While the "older generation" was taking out debt to have unsustainable economies since the early 1980's, that debt was enslaving the people of my generation.

While the "older generation" was bidding up housing prices to make marginal profits off of suckers, the younger generation was priced out of the market and unable to participate in homeownership.  Also, the unemployment created by the housing collapse disproportionately effects young people.

While the "older generation" was outsourcing jobs to China and India, the younger generation was preparing for jobs that left this nation - all in the name of temporary corporate profits for the "older generation."

Don't even get me started on the ways that the children of the greatest generation - the baby boomers - have hurt this country by not focusing on the long term.  Now that their plans have failed... 

Many complain that social security isn't enough or to "keep your government hands off of my Medicare."  The same people are now relying on government programs to pay for their retirement and health care, while the "younger generation" looks for jobs to sustain them and the massive amounts of debt that they created before we could even affect public policy.

F--- the baby boom generation, and f--- the older people that created the mess America faces today, while trying to play the victim in it all.

Tue, 08/17/2010 - 12:22 | 526195 Rover
Rover's picture

+ 24

Tue, 08/17/2010 - 12:33 | 526232 Zero Debt
Zero Debt's picture

Kudos sir for great observations.

They are even discounting future growth (=an ever faster running treadmill of younger supposedly more productive workers) to justify the built-up of consumption debt today. How grossly immoral when you think about it.

Perhaps everyone should be born with the right to a piece of land. At time of death, it could go back to the government. Just so that nobody wouldn't have to fight central banks in order to have a place to sleep.

 

Tue, 08/17/2010 - 12:35 | 526241 MSJChE
MSJChE's picture

I can't believe it, but I agree with JB.

I would go further though, and claim that the educational system has conditioned the public into believing that social justice policies are neccessary and almost a right.  On this point I actually agree totally with Glenn Beck.

Thu, 08/19/2010 - 23:15 | 532078 Geoff-UK
Geoff-UK's picture

Glenn Beck is a nice enough guy, but he isn't paranoid enough.

Plus, he thinks there's a chance we get out of this.

Tue, 08/17/2010 - 13:08 | 526322 Widowmaker
Widowmaker's picture

You bring up many points, but I can assure you that most of the boomer generation never asked for what they are being blamed in the context of your arguments.

Say it youngster, "let the big ones fail throw their criminals in jail"

 

Tue, 08/17/2010 - 14:39 | 526554 sgt_doom
sgt_doom's picture

Ahhhh.....let me see now.....David Rockefeller....Henry Kissinger.....Maurice "Hank" Greenberg.....I believe these are pre-boomers???

Tue, 08/17/2010 - 13:18 | 526344 YourAverageDebtSlave
YourAverageDebtSlave's picture

+29

While most in the baby boom generation will live to 70 and beyond, by the time the younger generations hit 40 or 50 the country will be so broke, the healthcare system so corrupt, that we'll be dying from a bad case of the flu.  I love my mom and dad to death, but in a way their ignorance will be the early death of me.

Tue, 08/17/2010 - 16:46 | 526918 DaveyJones
DaveyJones's picture

"I love my mom and dad to death

but in a way

their ignorance

will be the early death of me"

 

very poetic, very sad

Tue, 08/17/2010 - 13:27 | 526359 akak
akak's picture

As pigs fly by and angels soar from my ass, I find myself not only not junking JB, but more or less agreeing with him!

However, it is simplistic to assign the blame here to just one demographic segment of the American populace.  The real blame belongs with EVERYONE who not only wants, but votes for, a free lunch at the expense of everyone else, and who views the federal govenrment, and government in general, as some sort of Santa Claus, Easter Bunny, and Robin Hood all rolled into one.  Until the masses realize that government is the problem and NOT the cure, nothing is going to materially change for the better.

Tue, 08/17/2010 - 15:22 | 526699 andyupnorth
andyupnorth's picture

Indeed, government is an expense.

Thu, 08/19/2010 - 23:17 | 532081 Geoff-UK
Geoff-UK's picture

Ignorance is an expense.

Which is why I'm going to be home schooling my kids--they'll understand front-running and Austrian school economics before I get around to why gays should be allowed to have legally recognized marriage.

Tue, 08/17/2010 - 17:07 | 526963 Cathartes Aura
Cathartes Aura's picture

I'll jump in here to say, don't take sides - that's a form of controlling populations, and you play right into it when you "blame" a whole demographic.

work towards understanding that any "boomer" who was employed has had SS deducted from every paycheck, for decades, and every incremental increase in those deductions came with a "sweetener" - "you will be covered when you retire."

that's a hella long time to believe an intentional lie, and yes many have been trained to expect that lie to be honoured.

anyone under 30, I empathise with your anger, but it's misplaced if you're aiming at others that will suffer when this collapses. . . and maybe take a deep breath and ask yourself what your "privileges" were growing up - in a "nice" house, with all your toys 'n' clothes 'n' whatnots paid for with parental monies. . . say, in comparison with "third world" countries. . . you've been privileged too, just sayin'.

Tue, 08/17/2010 - 17:42 | 527054 DosZap
DosZap's picture

Cathartes,

Exactly.........you nailed it, it always boils down to WHOSE OX is being gored,you younsters that are pissed at the Boomers?..........you have NO leg to stand on.

NONE.

How would you feel, if you were near the age of colection, and you find out you have been separated from a few hundred thousand dollars?.

Is your situtation fair?, hell no............how about OURS?.

Thu, 08/19/2010 - 05:12 | 529820 narlah
narlah's picture

""If you're looking for the guilty, you need only look into a mirror. I know why you did it. I know you were afraid. Who wouldn't be? War, terror, disease. There were a myriad of problems which conspired to corrupt your reason and rob you of your common sense. Fear got the best of you"

http://www.youtube.com/watch?v=chqi8m4CEEY

Tue, 08/17/2010 - 13:56 | 526440 hidingfromhelis
hidingfromhelis's picture

Bravo, JB!

Tue, 08/17/2010 - 16:33 | 526889 Council of Econ...
Council of Economic Terrorists's picture

+1987 (my birthyear)

I've expressed the same thoughts to my parents.  Told them I don't want to pay for any of their retirement right to their face.  They understood and currently understand what their generation has done.  

Fuck the SSA and the GSEs.  I want to afford a house someday, let the prices fall.  What is so hard about putting away $50-100 in a stable value fund starting when you are young for your entire life?  You will hit the same target dollar value as SS and put less percentage of your yearly income away then the SS tax.  

Tue, 08/17/2010 - 17:50 | 527071 DosZap
DosZap's picture

1987, You spoke to your parents like that?.

Your a rude chicken shit. You think THEY had a choice?.

What has the Boomer Gen done?.

The same friggin thing our Grand Parents did, no choice.

Pussies......yeah,who's the pussies?

Tue, 08/17/2010 - 18:07 | 527110 RockyRacoon
RockyRacoon's picture

Hey, Big John.   Fancy meeting you here.  So, on the old folks question, what would you do for/to them?  Cut 'em off and let 'em starve in the streets, adjust their dole to a subsistence level, put 'em in camps to work at their own gardens and livestock, or what?

You've defined a problem, but offered no solution.

Tue, 08/17/2010 - 12:13 | 526163 jm
jm's picture

Yes.  The baby boomers that outsized their homes, SUVs to the point of owning nothing and owing everyone are blithering idiots. Now they want to whine about how they've been betrayed by the powers that be.

Grow up, accept the situation as it is, deal.  Most of all, stop being pussies.

Tue, 08/17/2010 - 12:21 | 526191 DaveyJones
DaveyJones's picture

Love the new political catch phrase, "stop being pussies".. and deal with it.

Tue, 08/17/2010 - 14:03 | 526462 romanko
romanko's picture

The only baby-boomers complaining are the ones that were left holding the bag. I'm sure those that sold out back in '06 and '07, be it equities or mcmansions, they're quite happy about it.

The important thing to remember is that the rat-race is a zero-sum game. For every buyer at the top, there was a seller that mazimized their gains.

Tue, 08/17/2010 - 15:51 | 526780 jm
jm's picture

Good for the smart ones.  Some of the bag holders need to grow up and play the cards dealt.

Tue, 08/17/2010 - 10:27 | 525845 Wish I Did not Know
Wish I Did not Know's picture

More weak minded bullshit from people who think they have it all figured out but in point of fact know nothing. Yes, we will ignore your supposed truth at our own peril.  Blah blah blah.

There are some real problems, and there is fantasy. This is fantasy.  But if it makes you happy to believe it, beat yourself silly.

No doubt I just lack the lateral thinking ability to accept that people as diverse as Russian oligarchs, Middle Eastern oil sheikhs, Chinese tycoons, Indian Steel magnates, immigrant hedge fund traders, a couple of GS-16 bureaucrats, and some assorted Rothschilds can put down all of their differences and get together to rape the other seven billion people on the planet.  They would not even be able to agree on who would cater their secret meetings, for chrissakes.

Here's some news:  the US and Western Europe are no longer the only players in the game, so please create a new fantasy in tune with the times and leave this overworked foolishness to the dustbin of history.

Tue, 08/17/2010 - 10:37 | 525871 Internet Tough Guy
Internet Tough Guy's picture

Agree!

Tue, 08/17/2010 - 10:50 | 525920 Chemba
Chemba's picture

exactly.  this stuff is just doomsday porn.

Tue, 08/17/2010 - 12:24 | 526202 DaveyJones
DaveyJones's picture

.

Tue, 08/17/2010 - 11:29 | 526011 russki standart
russki standart's picture

What touching naivete. Clearly you have never run a large organization, otherwise you would know that the top players in any market segment are always working together to limit competition. BTW, do you have any idea who owns the Fed? If not, start there and you will eventually figure it out.

Tue, 08/17/2010 - 11:41 | 526051 Internet Tough Guy
Internet Tough Guy's picture

What touching condesension. Clearly you conspiracy theorists can't talk without treating everything as a personal insult. BTW do you have any idea how logic and proofs work? If not start there and eventually you will figure it out. 

Tue, 08/17/2010 - 12:05 | 526134 hound dog vigilante
hound dog vigilante's picture

Now there's a cowardly reply... Bravo!!

Answer the man's question, tough guy.   Who owns the Fed?

You've offered no logic or proof of your own, and thus fail your own test. So please, step up to the plate and take a swing, tough guy. Let's see some of that ironclad logic and mathematical proof... otherwise, you're just another blowhard with an opinion.

Step up or retire, tough guy.

 

Tue, 08/17/2010 - 14:54 | 526612 trav7777
trav7777's picture

Ignoratio elenchi.

You conspiracybugs don't do logic, do you?

The apparent conspiracy is because of concert of action of likeminded actors.

Why do FISH SCHOOL?  Is there a commander telling the swarm to move in this or that direction?  YOU need to read up on emergent complexity...

Tue, 08/17/2010 - 12:08 | 526140 Johnny Bravo
Johnny Bravo's picture

So the remedy for being condescending is being condescending?

Tue, 08/17/2010 - 12:18 | 526185 Internet Tough Guy
Internet Tough Guy's picture

Johnny on the spot.

Tue, 08/17/2010 - 12:48 | 526266 hound dog vigilante
hound dog vigilante's picture

Perfect.  Thank you for proving my point so quickly and so succinctly.

 

Tue, 08/17/2010 - 12:11 | 526151 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Internet Tough Guy continues shadow-boxing in his underwear...

Tue, 08/17/2010 - 16:51 | 526935 DaveyJones
DaveyJones's picture

or is that shadow dancing?  

http://www.youtube.com/watch?v=mcHlL6PR5NU

Tue, 08/17/2010 - 12:10 | 526148 Wish I Did not Know
Wish I Did not Know's picture

Never ran as large of a multinational as you probably did, but I used to be a regular attendee at the Bilderberg get togethers. And you know what? Most of it, like Davos, is just a bunch of rich folks blowing smoke out our asses, bragging about our newest jet, then sharing scandalous gossip behind each other's back or tossing racial slurs at all those former Third World upstarts trying to spoil our party.  But don't tell anyone!  Would ruin the mystique.

Don't forget:  we're a hell of a lot smarter than you AND we run everything in the world down to the smallest detail.

By the way, the naivete is all yours.  It is YOU who have absolutely no concept about the petty insecurities that both motivate what you call the "elite" and how most of them like nothing better than watching another of their fellow elite fail.

Tue, 08/17/2010 - 17:13 | 526983 pods
pods's picture

Right!  Were you filling the water glasses?  Or taking orders?

Well if I am wrong, I apologize and would like to thank you for gracing us untermensch

with your presence.

pods

Tue, 08/17/2010 - 13:57 | 526413 YourAverageDebtSlave
YourAverageDebtSlave's picture

.

Tue, 08/17/2010 - 13:55 | 526443 YourAverageDebtSlave
YourAverageDebtSlave's picture

Perhaps I'm naive, but I don't buy a global conspiracy to run the world. Seems there would be too many power hungry egos trying to agree on different strategies to pull off global domination in the hands of a few. What's the payoff for each of the members in this group? Is it an equal payoff? Do they get to split up lands and populations for servitude? Do the globalists in China and Russia get along with the globalists in the EU and America? How long before there is in-fighting and dissension? Where in history can we reference a global attempt to dominate a class of society?

More importantly what is the end goal of this massive global government? Global slavery? Global holocaust? Or perhaps building a spaceship to leave the planet before global warming wipes out the human race?

I think there is definitely some bullshit happening behind the scenes, but a concerted effort to rule the world by one class seems contradictory to human nature. Men in power seem to be a bit too egotistical to collaborate toward one global goal of world domination.

I think it's much more likely we see World War 3 along with a nice size global population decrease in the next 1-3 years and a power shift depending on who the victors are. Or perhaps we'll wipe ourselves (globalists included) off the face of the planet destroying our habitat like the Easter Island natives in the seventeenth century. Humans have shown throughout history how stupid we can be once we think our shit doesn't stink. I find it hard to believe that a handful of humans are smart and agreeable enough to work with other humans (of different cultures, religions and races) and accomplish such a lofty goal as global domination.

I do believe however that we are stupid enough to create an economic model that relies on infinite growth as an indicator of the economy health, all the while ignoring that the earth's natural resources that make our lifestyles possible are finite. Once that wall is hit or demand outstrips supply for these resources, prices shoot up, competition gets fierce, people stop being able to afford goods and economies contract. Oil prices in the summer of 2008 proved this. Then man is left trying to figure out how to fix his fucked up economical model of infinite growth within a world of finite natural resources.

Oil seems to be one of the cases in point. Shell's CEO made this point in the winter of 2008. And what really backs our economy when you take out the funny money. Our ability to access cheap oil. I could go on but why bother...let the junking begin.

Tue, 08/17/2010 - 13:46 | 526415 Arthor Bearing
Arthor Bearing's picture

It never required US and Russia to be the only players in the game. What it is is, allot of power got concentrated in the hands of very shallow narrow-minded people, who spontaneously acted in a way which would entrench their power. "Locusts have no king, though they go forth by bands." Old Testament quote which means that concentrated action can result from spontaneous, individual actions. Like the cells in your brain each acting only within a small sphere somehow produce a more or less unified consciousness.

 

These people were allowed to step into a power gap created millenia ago when people stopped believing that the gods spoke through individual humans. This is knowledge near the top of the pyramid, that was your sneak preview. Please continue to educate yourself and build up a solid base for understanding the tradition and macro trends, and enjoy the ride as we enter Kali-Yuga/Ragnarök/Armageddon 

Tue, 08/17/2010 - 10:28 | 525846 Bluntly Put
Bluntly Put's picture

Do you want to know the primary tools used by the elite to control us? They use our weaknesses. They use, primarily, our own greed and fear against us. Only a moral society can be self ruled, thus destroy morality and you can eliminate the possibility of self rule.

Tue, 08/17/2010 - 10:27 | 525847 SMG
SMG's picture

I wish someone could distill the info about what's really going on and make it simple, believable, and accessible for the everyday citizen.  That would be great progress in stopping those who would rule us.

Tue, 08/17/2010 - 18:36 | 527127 RockyRacoon
RockyRacoon's picture

You read the article, right?  How effing believable and simple would you like it to be?

As far as accessible, cut/paste the article into an email and send it to all the folks you know.  Send it to your local newspaper and your CongressCritter.  They'll send a black SUV to your house but what the hell.  YOU do what needs doing -- or not.

Try this on for believable and simple:

http://www.joebageant.com/joe/2010/08/understanding-america.html

Thu, 08/19/2010 - 23:25 | 532088 Geoff-UK
Geoff-UK's picture

I can make it simple and believable for him:

It doesn't matter if it's random or planned destruction:  all of us are truly and totally fucked.  Get arable land as far away from population centers as possible.

Tue, 08/17/2010 - 10:29 | 525849 Sqworl
Sqworl's picture

 

Coping With Disbelief Clinic which helps me get through the night!!!

 

Tue, 08/17/2010 - 10:31 | 525854 Anarchist
Anarchist's picture

The implosion of the developed countries has been in the works for many years. Once nukes were developed, the developed countries were destined to lose the freebies they have been looting from the un-developed ones. The elite know the jig is up and decided it was better to orchestrate and profit from the decline of the developed countries then to try and use war to stave of the inevitable. When is costs $10 to steal $1 worth of goods it is game over for colonialism. 

The social order in the developed countries will go back the way it was in the 1800's. A tiny sliver of society will control 99% of the wealth. If the Serfs get out of line they will be labled as terrorists and delt with accordingly. Those who ignore what is happening around them will pay the price for being Sheep.

Tue, 08/17/2010 - 11:37 | 526036 MachoMan
MachoMan's picture

Exactly.  The looting (war) is largely over...  stimulus is just icing on the cake (taxpayers dump money in multinationals, who dump money to principal actors).  The power vacuum created by our collapse [regardless of whether through deflation (slow) or hyperinflation (fast)] is going to be filled by robber barons with little government (us) intrusion.  This is just a different part on the morphing timeline of the battle of capitalists with the collective bargaining by their subjects.  Odds are in their favor to win this round (aka, likelihood of beheading small).

Tue, 08/17/2010 - 16:17 | 526845 MachoMan
MachoMan's picture

clarification for the junkers.  exactly on the second paragraph, not so much on the first.  I'll defer to trav on that part.

Tue, 08/17/2010 - 14:59 | 526619 trav7777
trav7777's picture

what crack are you smoking?

The developed world looted the undeveloped?!??  By what, providing them refrigeration and electric power?

There were no GOODS to loot, only some raw materials to use to make things everyone wants.  The gfd injuns or africans should have gone to the fuckin moon if all it was was the land under their feet having the "wealth."  The oil had to wait a lot longer for someone smart enough to show up to figure how to get it out

Tue, 08/17/2010 - 10:32 | 525858 breezer1
Tue, 08/17/2010 - 11:21 | 525995 centerline
centerline's picture

Great rant.  Thanks for the link.

Tue, 08/17/2010 - 18:35 | 527166 RockyRacoon
RockyRacoon's picture

Now there is some plain truth.  To inform the "masses" this would be a good article to send about.  Think I'll do just that...

Tue, 08/17/2010 - 10:33 | 525866 dan22
dan22's picture

The author is right in so many ways. Thank you for posting this!

I feel like the Fed did everthing on purpose, in around the world, be it Australia, India, China and many other places it the same.

Lately China's State Owned Insurance Companies Were Ordered to Prop Up the Real Estate Market

They are risking the insurance of hunderd of millions of Chinese. After both countries collapse we will get a world government.

Tue, 08/17/2010 - 10:36 | 525873 Hidetora
Hidetora's picture

The end game is Revelation 13:16-18,

"And he causes all, the small and the great, and the rich and the poor, and the free men and the slaves, to be given a mark on their right hand or on their forehead, and he provides that no one will be able to buy or to sell, except the one who has the mark, either the name of the beast or the number of his name.  Here is wisdom. Let him who has understanding calculate the number of the beast, for the number is that of a man; and his number is six hundred and sixty-six." 

Still think The Bible is an "arcane, irrelevant book" that tells a "fairy tale of the Invisible Man in the sky?"

Tue, 08/17/2010 - 10:45 | 525899 aheady
aheady's picture

Yes.

Tue, 08/17/2010 - 10:48 | 525906 Anarchist
Anarchist's picture

Please. The Bibles many incarnations was funded by the elite of the day to control the Sheep. Much was written 1000 years after the fact. Many of the most popular fables were plagerized from earlier writtings. Even the Pope will say much of the Bible is not to be taken literally.

Sheep will always be Sheep.... Bahhhh 

Tue, 08/17/2010 - 11:31 | 526023 Yardfarmer
Yardfarmer's picture

The spirit of Galilean nominalism breathes heavily in these ruminations. Of course you must "believe" in the evidence of things not seen to apprehend the "breathings together'" which comprise the literal conspiracy. the metaphysical admission of the primal conspiring of Eden where evil first divided the seamless womb of divine is the archetypal template of deceit, illusion and death for all following human affairs. The upright snakes intertwining about the Mercurean caduceus are representative of a much higher intelligence than our flawed human understanding. Lucifer is correctly defined by his Illuminati followers as the "light bearer", and the true Prince of this world of darkness. the Gnosis of the Freemasonic brotherhood has established the wondrous framework and of his kingdom through formulations of empirical science. witness the arcane revelations of geometry of his capital of Washington D.C labored over assiduously by the adepts and bow down before him in worship and awe at the Novus Ordo Saeclorum. "all this I will give you if you bow down and worship..."

Tue, 08/17/2010 - 11:42 | 526055 francismarion
francismarion's picture

Not sure what I just read but I like it! More please!

Tue, 08/17/2010 - 11:47 | 526075 Oquities
Oquities's picture

check out the website for the congressional black caucus - in its last sentence it promulgates the "new world order."  now how did that get in there?

Tue, 08/17/2010 - 12:23 | 526205 Red Neck Repugnicant
Red Neck Repugnicant's picture

Yale?

Tue, 08/17/2010 - 14:04 | 526471 akak
akak's picture

GED?

Do NOT follow this link or you will be banned from the site!