This page has been archived and commenting is disabled.
The 'Golden Age Of The Central Banker' Has Reached "The Cult Phase"
Submitted by Ben Hunt via Salient Partners' Epsilon Theory blog,
Four times during the first six days they were assembled and briefed and then sent back. Once, they took off and were flying in formation when the control tower summoned them down. The more it rained, the worse they suffered. The worse they suffered, the more they prayed that it would continue raining. All through the night, men looked at the sky and were saddened by the stars. All through the day, they looked at the bomb line on the big, wobbling easel map of Italy that blew over in the wind and was dragged in under the awning of the intelligence tent every time the rain began. The bomb line was a scarlet band of narrow satin ribbon that delineated the forward most position of the Allied ground forces in every sector of the Italian mainland.
For hours they stared relentlessly at the scarlet ribbon on the map and hated it because it would not move up high enough to encompass the city.
When night fell, they congregated in the darkness with flashlights, continuing their macabre vigil at the bomb line in brooding entreaty as though hoping to move the ribbon up by the collective weight of their sullen prayers. "I really can't believe it," Clevinger exclaimed to Yossarian in a voice rising and falling in protest and wonder. "It's a complete reversion to primitive superstition. They're confusing cause and effect. It makes as much sense as knocking on wood or crossing your fingers. They really believe that we wouldn't have to fly that mission tomorrow if someone would only tiptoe up to the map in the middle of the night and move the bomb line over Bologna. Can you imagine? You and I must be the only rational ones left."
In the middle of the night Yossarian knocked on wood, crossed his fingers, and tiptoed out of his tent to move the bomb line up over Bologna.
– Joseph Heller, "Catch - 22" (1961)
A visitor to Niels Bohr's country cottage, noticing a horseshoe hanging on the wall, teased the eminent scientist about this ancient superstition. “Can it be true that you, of all people, believe it will bring you luck?”
“Of course not,” replied Bohr, “but I understand it brings you luck whether you believe it or not.”
? Niels Bohr (1885 – 1962)
Here's an easy way to figure out if you're in a cult: If you're wondering whether you're in a cult, the answer is yes.
– Stephen Colbert, "I am America (And So Can You!)" (2007)
I won't insult your intelligence by suggesting that you really believe what you just said.
– William F. Buckley Jr. (1925 - 2008)
A new type of superstition has got hold of people's minds, the worship of the state.
– Ludwig von Mises (1881 - 1973)
The cult is not merely a system of signs by which the faith is outwardly expressed; it is the sum total of means by which that faith is created and recreated periodically. Whether the cult consists of physical operations or mental ones, it is always the cult that is efficacious.
– Emile Durkheim, "The Elementary Forms of Religious Life" (1912)
At its best our age is an age of searchers and discoverers, and at its worst, an age that has domesticated despair and learned to live with it happily.
– Flannery O'Connor (1925 - 1964)
Man is certainly stark mad; he cannot make a worm, and yet he will be making gods by dozens.
– Michel de Montaigne (1533 - 1592)
Since man cannot live without miracles, he will provide himself with miracles of his own making. He will believe in witchcraft and sorcery, even though he may otherwise be a heretic, an atheist, and a rebel.
– Fyodor Dostoyevsky, "The Brothers Karamazov" (1880)
One Ring to rule them all; one Ring to find them.
One Ring to bring them all and in the darkness bind them.
– J.R.R. Tolkien, "The Lord of the Rings" (1954)
Nothing's changed.
I still love you, oh, I still love you.
Only slightly, only slightly less
Than I used to.
– The Smiths, "Stop Me If You've Heard This One Before" (1987)
So much of education, I think, relies on reading the right book at the right time. My first attempt at Catch-22 was in high school, and I was way too young to get much out of it. But fortunately I picked it up again in my late 20’s, after a few experiences with The World As It is, and it’s stuck with me ever since. The power of the novel is first in the recognition of how often we are stymied by Catch-22’s – problems that can’t be solved because the answer violates a condition of the problem. The Army will grant your release request if you’re insane, but to ask for your release proves that you’re not insane. If X and Y, then Z. But X implies not-Y. That’s a Catch-22.
Here’s the Fed’s Catch-22. If the Fed can use extraordinary monetary policy measures to force market risk-taking (the avowed intention of both Zero Interest Rate Policy and Large Scale Asset Purchases) AND the real economy engages in productive risk-taking (small business loan demand, wage increases, business investment for growth, etc.), THEN we have a self-sustaining and robust economic recovery underway. But the Fed’s extraordinary efforts to force market risk-taking and inflate financial assets discourage productive risk-taking in the real economy, both because the Fed’s easy money is used by corporations for non-productive uses (stock buy-backs, anyone?) and because no one is willing to invest ahead of global growth when no one believes that the leading indicator of that growth – the stock market – means what it used to mean.
If X and Y, then Z. But X denies Y. Catch-22.
There’s a Catch-22 for pretty much everyone in the Golden Age of the Central Banker. Are you a Keynesian? Your Y to go along with the Central Bank X is expansionary fiscal policy and deficit spending. Good luck getting that through your polarized Congress or Parliament or whatever if your Central Bank is carrying the anti-deflation water and providing enough accommodation to keep your economy from tanking. Are you a structural reformer? Your Y to go along with the Central Bank X is elimination of bureaucratic red tape and a shrinking of the public sector. Again, good luck with that as extraordinary monetary policy prevents the economic trauma that might give you a chance of passing those reforms through your legislative process.
Here’s the thing. A Catch-22 world is a frustrating, absurd world, a world where we domesticate despair and learn to live with it happily. It’s also a very stable world. And that’s the real message of Heller’s book, as Yossarian gradually recognizes what Catch-22 really IS. There is no Catch-22. It doesn’t exist, at least not in the sense of the bureaucratic regulation that it purports to be. But because everyone believes that it exists, then an entire world of self-regulated pseudo-religious behavior exists around Catch-22. Sound familiar?
We’ve entered a new phase in the Golden Age of the Central Banker – the cult phase, to use the anthropological lingo. We pray for extraordinary monetary policy accommodation as a sign of our Central Bankers’ love, not because we think the policy will do much of anything to solve our real-world economic problems, but because their favor gives us confidence to stay in the market. I mean … does anyone really think that the problem with the Italian economy is that interest rates aren’t low enough? Gosh, if only ECB intervention could get the Italian 10-yr bond down to 1.75% from the current 1.85%, why then we’d be off to the races! Really? But God forbid that Mario Draghi doesn’t (finally) put his money where his mouth is and announce a trillion euro sovereign debt purchase plan. That would be a disaster, says Mr. Market. Why? Not because the absence of a debt purchase plan would be terrible for the real economy. That’s not a big deal one way or another. It would be a disaster because it would mean that the Central Bank gods are no longer responding to our prayers. The faith-based system that underpins current financial asset price levels would take a body blow. And that would indeed be a disaster.
Monetary policy has become a pure signifier – a totem. It’s useful only in so far as it indicates that the entire edifice of Central Bank faith, both its mental and physical constructs, remains “efficacious”, to use Emile Durkheim’s path-breaking sociological analysis of a cult. All of us are Yossarian today, far too rational to think that the totem of a red line on a map actually makes a difference in whether we have to fly a dangerous mission. And yet here we are sneaking out at night to move that line on the map. All of us are Niels Bohr today, way too smart to believe that the totem of a horseshoe actually bring us good luck. And yet here we are keeping that horseshoe up on our wall, because … well … you know.
The notion of saying our little market prayers and bowing to our little market talismans is nothing new. “Hey, is that a reverse pennant pattern I see in this stock chart?” “You know, the third year of a Presidential Administration is really good for stocks.” “I thought the CFO’s body language at the investor conference was very encouraging.” “Well, with the stock trading at less than 10 times cash flow I’m getting paid to wait.” Please. I recognize aspects of myself in all four of these cult statements, and if you’re being honest with yourself I bet you do, too. No, what’s new today is that all of our little faiths have now converged on the Narrative of Central Bank Omnipotence. It’s the One Ring that binds us all.
I loved this headline article in last Wednesday’s Wall Street Journal – “Eurozone Consumer Prices Fall for First Time in Five Years” – a typically breathless piece trumpeting the “specter of deflation” racing across Europe as … oh-my-god … December consumer prices were 0.2% lower than they were last December. Buried at the end of paragraph six, though, was this jewel: “Excluding food, energy, and other volatile items, core inflation rose to 0.8%, up a notch from November.” Say what? You mean that if you measure inflation as the US measures inflation, then European consumer prices aren’t going down at all, but are increasing at an accelerating pace? You mean that the dreadful “specter of deflation” that is “cementing” expectations of massive ECB action is entirely caused by the decline in oil prices, something that from the consumer’s perspective acts like an inflationary tax cut? Ummm … yep. That’s exactly what I mean. The entire article is an exercise in Narrative creation, facts be damned. The entire article is a wail from a minaret, a paean to the ECB gods, a calling of the faithful to prayer. An entirely successful calling, I might add, as both European and US markets turned after the article appeared, followed by Thursday’s huge move up in both markets.
When I say that a Catch-22 world is a stable world, or that the cult phase of a human society is a stable phase, here’s what I mean: change can happen, but it will not happen from within. For everyone out there waiting for some Minsky Moment, where a debt bubble of some sort ultimately pops from some unexpected internal cause like a massive corporate default, leading to systemic fear and pain in capital markets … I think you’re going to be waiting for a loooong time. Are there debt bubbles to be popped? Absolutely. The energy sector, particularly its high yield debt, is Exhibit #1, and I think this could be a monster trade. But is this something that can take down the market? I don’t see it. There is such an unwavering faith in Central Bank control over market outcomes, such a universal assumption of god-like omnipotence within this realm, that any internal market shock is going to be willed away.
So is that it? Is this a brave new world of BTFD market stability? Should we double down on our whack-a-mole volatility strategies? For internal market risks like leverage and debt bubble scares … yes, I think so. But while the internal market risk factors that I monitor are quite benign, mostly green lights with a little yellow/caution peeking through, the external market risk factors that I monitor are all screaming red. These are Epsilon Theory risk factors – political shocks, trade/forex shocks, supply shocks, etc. – and they’ve got my risk antennae quivering like crazy. I’ve been doing this for a long time, and I can’t remember a time when there was such a gulf between the environmental or exogenous risks to the market and the internal or behavioral dynamics of the market. The market today is Wile E. Coyote wearing his latest purchase from the Acme Company – a miraculous bat-wing costume that prevents the usual plunge into the canyon below by sheer dint of will. There’s absolutely nothing internal to Coyote or his bat suit that prevents him from flying around happily forever. It’s only that rock wall that’s about to come into the frame that will change Coyote’s world.
My last three big Epsilon Theory notes – “The Unbearable Over-Determination of Oil”, “Now There’s Something You Don’t See Every Day, Chauncey”, and “The Clash of Civilizations” – have delved into what I think are the most pressing of these environmental or exogenous risks to the market: the “supply shock” of collapsing oil prices, a realigning Greek election, and the realpolitik dynamics of the West vs. Islam and the West vs. Russia. I gotta say, it’s been weird to write about these topics a few weeks before ALL of them come to pass. Call me Cassandra. I stand by everything I wrote in those notes, so no need to repeat all that here, but a short update paragraph on each.
First, Greece. And I’ll keep it very short. Greece is on. This will not be pretty and this will not be easy. Existential Euro doubt will raise its ugly head once again, particularly when Italy imports the Greek political experience.
Second, oil. I get a lot of questions about why oil can’t catch a break, about why it’s stuck down here with a 40 handle as the absurd media Narrative of “global supply glut forever and ever, amen” whacks it on the head day after day after day. And it is an absurd Narrative … very Heller-esque, in fact … about as realistic as “Peak Oil” has been over the past decade or two. Here’s the answer: oil is trapped in a positive Narrative feedback loop. Not positive in the sense of it being “good”, whatever that means, but positive in the sense of the dominant oil Narrative amplifying the uber-dominant Central Bank Narrative, and vice versa. The most common prayer to the Central Banking gods is to save us from deflation, and if oil prices were not falling there would be no deflation anywhere in the world, making the prayer moot. God forbid that oil prices go up and, among other things, push European consumer prices higher. Can’t have that! Otherwise we’d need to find another prayer for the ECB to answer. By finding a role in service to the One Ring of Central Bank Omnipotence, the dominant supply-glut oil Narrative has a new lease on life, and until the One Ring is destroyed I don’t see what makes the oil Narrative shift.
Third, the Islamist attack in Paris. Look … I’ve got a LOT to say about “je suis Charlie”, both the stupefying hypocrisy of how that slogan is being used by a lot of people who should really know better, as well as the central truth of what that slogan says about the Us vs. Them nature of The World As It Is, but both are topics for another day. What I’ll mention here are the direct political repercussions in France. The National Front, which promotes a policy platform that would make Benito Mussolini beam with pride, would probably have gotten the most votes of any political party in France before the attack. Today I think they’re a shoo-in to have first crack at forming a government whenever new Parliamentary elections are held, and if you don’t recognize that this is100 times more threatening to the entire European project than the prospects of Syriza forming a government in Greece … well, I just don’t know what to say.
There’s another thing to keep in mind here in 2015, another reason why selling volatility whenever it spikes up and buying the dip are now, to my way of thinking, picking up pennies in front of a steam roller: the gods always end up disappointing us mere mortals. The cult phase is a stable system on its own terms (a social equilibrium, in the parlance), but it’s rarely what an outsider would consider to be a particularly happy or vibrant system. There’s no way that Draghi can possibly announce a bond-buying program that lives up to the hype, not with peripheral sovereign debt trading inside US debt. There’s no way that the Fed can reverse course and start loosening again, not if forward guidance is to have any meaning (and even the gods have rules they must obey). Yes, I expect our prayers will still be answered, but each time I expect we will ask in louder and louder voices, “Is that all there is?” Yes, we will still love our gods, even as they disappoint us, but we will love them a little less each time they do.
And that’s when the rock wall enters the cartoon frame.
»
- 7607 reads
- Printer-friendly version
- Send to friend
- advertisements -
ECB's lobby system with the “emperor” at the top
Everybody gets killed those cult films.
If anything, this Central Bankster movie reminds me of the classic "Motel Hell"....unfortunately we are the victims with the slit tendons buried in pig shit and dirt up to our necks waiting to be harvested for parts.
Saint Yellen will soon be martyred.
Plenty of ZH'ers in that cult. Keep drinking the Kool-Aid children,keep drinking the Kool-Aid....soon all your pain and worldly cares will be gone.
An EVIL DEATH CULT !
exactly what they are
The French Parliamentary report of 1999 on cults and money concentrated its attention on some 30 groups which it judged as major players in respect of their financial influence. It underlined the non-exhaustive character of its investigations, seeing them as a snapshot at a point in time and based on information available.
The groups examined included:
No Chabad Lubavitch, eh?
Quite the oversight.
the french got the memo when ot come to that one :)
What their saying with deflation in oil is ..if a company is making batteries and they work out a way to make them for 1/2 the price.. the managers should panic and say oh no.. this will mean the customers will think we always can keep lowering prices for ever and put of purchasing... we need to keep making the old expensive ones so the price and cost remains high so we dont effect people expectations...
and for rates the concept now is Govt should be able to borrow for free and other rates should be extremly low regardless of risk because this sets up the most efficient way of investment regardless of the fact it might lead to excessive capacity relative to demand ect.. because the key is investor returns need to be so low they are focred into riskier assets
this is the plan...
End private central banking, and find honest work for the Rothschields and their ilk.
Perhaps as ebola clinic volunteers.
Modern monetary policy resembles most a specific type of cult - a cargo cult. Just like the Pacific islanders, they are making fake versions of what they saw in the past (in this case, things like a rising stock market) hoping to get the same results (a strong economy). But it's all facade, underneath it's just wood and straw and there are no airplanes coming to bring unearned wealth out of the skies.
There was a band called The Southern Death Cult which shortened their name to just "The Cult." They were pretty good....
when the Major is in,he`s out , when he`s out,he`s out. any questions?
They are the main players today...they have much more power today than they did 40 years ago..and politics too
Good article except for your fascist hiccups. No, I just can't see how Le Pen would be any worse for France than Holland? And they are more fascist than Mussolini why? Your right about them being a shoe in. Anyone willing to speak truth about multiculturalism and AK47 toting AQ wins. Paris is not that far from London. This will assure UKIP power in England too. Probably too late for Europe but you have to expect a few squirms from the cadaver laying on the ground as the once living nerves twitch?
There is no catch. The central banksters are thieves.
They steal. They counterfeit. Then they foreclose on the interest that they have accrued by way of fraud.
The banksters need to repay us.
If the banksters stole it from you and/or your neighbor, you don't owe them anything, they owe you and/or your neighbor.
Central Banking... the one ring that binds all. Man, if they put a slogan on the central bankster playbook and business-plan... that one is perfect.
And yes, the mainstream media is 100% pure lie, scam, fraud, diversion and rationalization. No kidding.
I think the most important passage in the Catch 22 novel is when it defines that as being an assertion that the ruling classes have the right to do whatever those that are ruled over can not stop them from doing. Although I liked the article above, I thought it did not focus enough on the deeper reasons how and why social absurdities prevail, which is that they emerge out of the long history of backing up deceits with destruction.
The flagrant fraud of privately controlled banks making the public "money" supply out of nothing as debts would be nothing more than an amusing joke, except for the fact that the government enforces that fraud, by requiring people to pay taxes using that form of fiat money. Making "money" out of practically nothing, but a bit of ink and paper, or a burst of encoded electricity, would be obviously an absurd proposal, if people were free to trade goods of services, wherein they could refuse to accept as it as "legal tender," when offered a piece of paper, or a little burst of electricity, in exchange for their labour, or whatever other actual services or goods. However, obviously, they are NOT free, they are forced to accept that kind of public "money" supply being created out of nothing as debts.
Privately controlled banks, with central banks as the core of that system, ARE legally allowed to make the public "money" supply out of nothing, as debts for those who "borrow" that "money" which did not previously exist until it was "borrowed," because that act of "borrowing" is what creates such "money" out of nothing. All of that would be seen as flagantly absurd fraud, and a ridiculous breach of basic contract law, EXCEPT that fraud is enforced by governments. Hence, the current monetary system is based on the power of goverments to taxes, and enforce their "rule of law" having practically given away for nothing the power to make the public "money" supply out of nothing, as interesting bearing debts, to be exercised by privately controlled banks.
Such a system can only be understood due to the history of the application of the methods of organized crime to the political processes, because otherwise the established systems make no sense whatsoever for the vast majority of people, and thus, make no sense for those people's political representatives to have ever agreed to. The methods of bribery, intimidation, and assassination of those who could otherwise not be bribed nor intimidated, were the real reasons why most successful, surviving politicians became practically the puppets of privately controlled banks.
At the same time, there was also processes whereby effective control over the public schools and mass media were captured, and converted to promote the absurd situation of privately controlled banks' financial frauds being enforced by governments. All together, there was a prolonged political process, including domination of all other relevant social institutions, to result in the situation which appears as obviously absurd, which absurdity is a fraud by privately controlled banks, which frauds are enforced by governments. Hence, the overall result is that the power of governments to make and enforced laws, and to finally be able to kill those who resist those laws, ended up the real backing for the established monetary system, which was able to operate in ways that the vast majority of people did not understand, because they were conditioned to not want to understand.
By those means, there resulted the development of a fake "democracy," where most of the politicians became puppets, who were voted for by enough of the masses of muppets, all of whom operated within the otherwise absurd monetary systems whereby privately controlled banks continued to be legally allowed to make the public "supply" out of nothing, as debts, whereby the vicious spirals of the accumulating wealth and power that flowed from those enforced financial frauds made those who most benefited from that system more and more fantastically wealthy, and so, politically powerful, within those deeply entrenched, sociopolitical systems.
Withing those established systems, "money" is actually measurement backed by murder, while that operates in ways that the vast majority of people do not understand, since they do not want to understand. Furthermore, the prolong triumphs of those systems of enforcing frauds have resulted in there being no practical political ways to resist the degree to which the vicious spirals of the funding of the political processes have made and maintained monetary systems which are, at face value, utterly absurd, but which, nevertheless, can be understood as enforced frauds, which worked according to the ways that the principles of organized crime were able to capture control over the political processes.
Indeed, the ONLY connection between human laws and natural laws is the ability to back up lies with violence. Since measurement and murder exists, money exists. It does no good to say that should not be so. Governments are all de facto, as is the control of governments by the best organized gang of criminals that can dominate the political processes through the persistent application of the methods of organized crime. In order to understand the apparently absurd ways that the monetary systems operate, with the central banks playing central roles within those systems, one has to change one paradigms regarding politics, enough to be able to perceive that the real social situation is that governments are the biggest form of organized crime, controlled by the best organized gangs of criminals.
Continuing to attempt to understand that through the central banks' bullshit becomes a dead-end of absurdities, because that is all based on attitudes of evil deliberate ignorance towards the SOURCE of the public "money" supply. After those massive LIES BY OMISSION are advanced, then all the rest of so-called economics proceeds to continue to deliberately ignore that the SOURCE of the public "money" supply is government enforced frauds by privately controlled banks, which thereby effectively privatized the public powers, so that the power to tax, and the power to enforce the rule of law, actually ends up supporting the legalized counterfeiting of the public money supply, in ways which are grossly ABSURD from any other perspective than when seen as what they actually were, which was due to the triumphs of the methods of organized crime capturing almost complete control over the political processes, and all other social systems ancillary to being able to make and maintain those systems of ENFORCED FRAUDS!
The essence of the Catch 22 double-bind paradox is that absurd lies were backed up by violence, and that resulted in the majority of people being beaten into submission, long ago, so that, for generation after generation, those huge lies were repeated as the truth, by the people who had adapted to live inside of that sort of slave society. While many will assert that they would rather die than be enslaved, in fact, the majority of the human population are those who adapted to survive as slaves, and they therefore have all the mental attributes of those who have been brainwashed to believe in the biggest bullies' bullshit stories. Of course, those stories are superficially absurd, and the results that flow from the triumphs enforced frauds become that we are living inside of Bizarro Mirror World, or Wonderland Matrix.
But nevertheless, the basics are that EVERYONE HAS SOME POWER TO ROB. Governments assembled and channeled the power to rob. Those who were the best at doing that controlled those governments. It is NOT possible for there to be no governments, or no best organized gangs of criminals that control governments, because EVERYONE HAS SOME POWER TO ROB. I repeat, money exists because measurement and murder exist. It is no more possible to abolish money than to stop the ability to measure or murder from existing.
The history of the creation of central banking was that the surviving War Kings made sovereign states, whose powers were captured and effectively privatized by the Fraud Kings, the privately controlled banks that gained the power to legally counterfeit the public "money" supply out of nothing as debts, which frauds the governments enforced. Debt slavery systems operated as their frauds being symbolic robberies. There are actually combined money/murder systems, where the debt controls depend upon the death controls. However, the vast majority of people have been conditioned to want to deliberately ignore that, or to propose impossible "solutions" that are based on the impossible ideals that human realities will stop being entropic pumps of energy, that manifest as fractal patterns of organized crime.
The national central banks are the national Fraud Kings, while the Bank of International Settlements is the King of Kings of Fraud. Of course, those systems of ENFORCED FRAUDS automatically become more criminally insane, because they were never based on anything but the ability to back up lies with violence, while that violence could never stop those lies from being false. That is the SOURCE of the Catch 22, that those with power assert that they have the right to do something, and since they have that power, they can enforce their claims to have the right to do whatever they claim that they have the right to do. Of course, they are ONLY right to the degree that might makes right. The paradoxes present in that situation are quite profound!
THE ONLY THINGS THAT ACTUALLY EXIST ARE THE DYNAMIC EQUILIBRIA BETWEEN DIFFERENT SYSTEMS OF ORGANIZED LIES OPERATING ROBBERIES.
Central banks are central to enforced frauds,
which exist as runaway, symbolic robberies!
Those make sense as manifestations of natural laws through human beings. However, human laws ONLY make "sense" due to the ability to back up lies with violence. As history happened, civilizations automatically became crazier and more corrupt, because they always were based on backing up lies with violence, in ways which could never stop those lies from being false, but nevertheless, could continue to enforce those frauds, in order that those frauds would be socially triumphant, no matter how absurd they otherwise were.e.
By and large, the social systems based upon successfully enforcing frauds are promoted by the people who are the professional liars and hypocrites that benefit from those systems, which includes the significant controlled opposition groups to the established systems. All one has to do is look at how big any human organization is to appreciate the degree to which they were successfully operating systems of more or less organized lies and robberies. All countries, corporations, and churches, etc., are organized lies operating robberies. The entire political economy is based on enforced frauds, with private property being based on backing up claims with coercions, because private property does not exist outside of some system of public violence.
In that context, the article above is another classic example of something republished on Zero Hedge, which grossly understates how bad things really are, because it does not fully face the deeper sources of how and why that social situation developed. Furthermore, it is typical to read comments which continue to promote the same old-fashioned false fundamental dichotomies and related impossible ideals, as the bogus "solutions" for those political problems, that the real world is controlled by lies backed by violence, which have become systems of legalized lies, backed by legalized violence.
The basic realities of monkeys and apes are still HERE. However, we have developed electronic monkey money frauds, backed by apes who can threaten to enforce those frauds with atomic bombs: MAD Money As Debt, backed by MAD Mutual Assured Destruction. The prolonged triumphs of the biggest bullies' bullshit social stories so totally dominates civilization that there is barely any coherent opposition to that, but rather, only various kinds of controlled opposition, promoting their preferred kinds of impossible ideals.
What I am saying is that we have no choice but to continue to muddle through the MADNESS of the world operating according to the methods of organized crime, in which the only things that exist are the dynamic equilibria of different systems of more or less organized lies operating robberies. The problems are that those who were the best at being dishonest and backing that up with violence became the wealthy and politically powerful people, while most of their opposition has adapted to operate within those systems, while continuing to promote the same sorts of false fundamental dichotomies, and related impossible ideals, as the basis for bogus "solutions" to those problems, which continue to actually make the opposite happen in the real world.
The ONLY realities are that human beings operate as entropic pumps of energy, which means all human realities are always organized lies operating robberies. There has never been, and can never be, any other connection between the laws of men, and the laws of nature, than the ability to back up lies with violence. To make that way worse, those who were the best at doing that were able to dominate society so much that practically everyone was brainwashed to believe bullshit stories about that, and to want to promote more bullshit stories about that, as their preferred ways to resolve the issues driven by the deep paradoxes inherent in the Catch 22 double-bind, which is that backing up lies with violence never makes those lies stop being false, which therefore drives society to automatically become more psychotic.
The central banking system is based on ENFORCED FRAUDS, which exemplify everything that I have written above, as well as were touched upon in the article above. Of course, the superficially faith-based money system is an absurd State Religion, which is more obviously becoming a crazy cult, because IT WAS ALWAYS BASED ON THE ABILITY TO ENFORCE FRAUDS, WHICH NEVER MADE THOSE FRAUDS STOP BEING FALSE! There is no easy way out of that situation. It is not possible to abolish governments, because it is not possible to stop there being robbery, with murder as the most extreme form of robbery, that backs up all lesser forms of robbery. The only things which are possible are the rise and fall of different systems of organized lies operating those robberies.
One is born into some period in those historical spirals ... By and large, most articles on Zero Hedge provide relatively good analysis of the problems, followed by collapsing to bullshit "solutions" which are not consistent with their previous analysis. Furthermore, most comments do that even more so! Of course, that is quite understandable, since society is based on belief in the biggest bullies' bullshit, which exists due to the history of those absurd lies being sufficiently enforced, generation after generation, so that the majority of people operate inside of that bullshit frame of reference, while taking that so totally for granted that they are mostly not aware they are doing that!
The deeper layers of that Catch 22 situation are that there is practically no political point to more radical truths, as long as the majority of people still believe in bullshit, and want to continue to believe in bullshit. What exists are the spirals of combined money/murder system, where the murder systems back up the money systems, which pay for the murder systems in return. Furthermore, everyone MUST live through some system of organized lies operating robberies, and proportionately benefit to the degree that they are successfully able to do that. However, in order to do that, they have to operate as professional liars and immaculate hypocrites, who continue to promote the bullshit world views that enable the systems of enforced frauds to continue to be socially successful, despite that those systems constantly become crazier and crazier, due to the essential nature of the Catch 22 double-bind paradox, that backing up lies with violence can make those lies socially successful, but never stop those from still being lies, and therefore, that society overall constantly becomes more psychotically out of touch with any more relatively objective reality, precisely to the degree that it continues to be able to amplify its social systems of enforced frauds.
Since those who benefit most from those systems are then able to continue to dominate the funding of the political processes, those social spirals of backing up lies with violence constantly become crazier and more corrupt, but nevertheless, there is nothing within those systems which can change them. As the article above stated: "When I say that a Catch-22 world is a stable world, or that the cult phase of a human society is a stable phase, here’s what I mean: change can happen, but it will not happen from within."
Obviously, according to the analysis of how and why that situation developed, that conclusion is correct. However, it is also consistent with my analysis that the only thing that may re-emerge from any collapse into chaos is some new systems of organized lies, operating robberies, which may arise from the seeds of the old systems. However, the actual magnitude of the problems created by building globalized systems of electronic monkey money frauds, backed by the threats of apes with atomic bombs, are trillions of times worse than ever before in human history!
I do not read the article above as recognizing the degree to which that is the case! Our actual situation is way worse than merely runaway social polarization driven by social systems based on enforcing frauds. The bigger problems are that the fundamentally fraudulent financial accounting systems have enabled human beings to have criminally insane attitudes towards the natural world, and to act with attitudes of evil deliberate ignorance towards their environment.
Everything that our civilization does is based on being able to back up lies with violence WITHIN human society, which has driven people to deliberately ignore the laws of nature as much as possible, since making "money" out of nothing was always a flagrantly absurd violation of the basic laws of nature, but which nevertheless became the almost totally triumphant ways that civilization was controlled by deeply entrenched systems of enforced frauds. The result of thousands of years of social pyramid systems based on being able to back up lies with violence is that civilization has become more criminally insane than can be fully comprehended.
It is quite difficult to imagine the series of political miracles it would take for enough people to become more scientific about themselves, since they do NOT want to do so, and especially since the more successful they have personally been within the established systems of enforced frauds, then the less they want to recognize that! Thus, there is no doubt that central banking is runaway absurdity, but there are no good grounds to expect anything else than for that to get worse, faster, and thus, go through some series of psychotic breakdowns ... while even within that context, most people will continue to not want to understand that, but rather, still want to continue to believe in bullshit.
major major major major
cult of the bohemian grove satanic syndicate pedophiles running the world