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Modern-Day Monetary Cranks and the Fed's "Inflation" Target
Submitted by Pater Tenebrarum via Acting-Man blog,
One Bad Idea After Another
Ben Bernanke is frequently in the news these days. The latest occasion concerns his opinion on the Fed’s “inflation” target, i.e., the target for the speed at which money should be debased relative to consumer goods in order to finally attain centrally planned economic nirvana.
Price inflation is currently deemed to be “too low” by our bien pensants, in spite of the fact that the broad US money supply TMS-2 has more than doubled since 2008 (as of March, it is very close to $11 trillion, up from $5.3 trn. in early 2008). If recent CPI data are to be believed (which requires a bit of a leap of faith), consumers may actually get slightly more goods and services for their money henceforth. What an unimaginable horror!
CPI dips ever so slightly into negative territory year-on-year – the nightmare of central planners around the world – click to enlarge.
Bloomberg reports that Ben Bernanke has an idea how to combat this terrifying development. Obviously, with the CPI’s rate of change dipping a few basis points into negative territory, the end of the world is practically at hand, so something needs to be done pronto.
Bernanke delivered his remarks at a conference sponsored by another economic central planning institution, the IMF. The people running this surplus to requirement bureaucratic vampire den are dreaming of the day when the IMF will become the global central bank, in line with Keynes’ “Bancor” idea. This would allow fiat money inflation on a nigh unprecedented scale, as currencies would no longer compete and be comparable. However, we digress.
Here is Bernanke:
“Former Federal Reserve Chairman Ben S. Bernanke suggested that he would be open to an increase in the central bank’s 2 percent inflation target.
“I don’t see anything magical about targeting 2 percent inflation,” he told a conference in Washington sponsored by the International Monetary Fund. His comments come as the Fed and other major central banks are struggling to prevent their economies from falling into a disinflationary trap of diminished expectations. IMF officials have proposed that the monetary authorities raise their inflation goals to help limit the danger of future deflation.
Fed Vice Chairman Stanley Fischer and European Central Bank Executive Board member Peter Praet are slated to discuss the issue Thursday at George Washington University in a session titled “The Elusive Pursuit of Inflation.” The session is being held in conjunction with the spring meetings of the fund and the World Bank.
The U.S. central bank adopted its 2 percent goal in January 2012 when Bernanke was chairman. It has fallen short of meeting that objective for 34 straight months. In February, inflation, as measured by the personal consumption expenditure price index, the Fed’s preferred gauge, was 0.3 percent.
Some economists, such as professor Laurence Ball of Johns Hopkins University in Baltimore, have called on the Fed to raise its target to 4 percent. Others, such as Scott Sumner of Bentley University in Waltham, Massachusetts, argue that the Fed should adopt a goal for the growth of nominal gross domestic product, rather than focusing on a price index.”
(emphasis added)
In other words, Bernanke has adopted the atrocious ideas already voiced by a bunch of other economists. The notion that central banks should “make up” for the price inflation that was “lost” during the period of sub 2% CPI readings isn’t really new. Assorted Keynesians and monetarists have proposed it long ago, inter alia Olivier Blanchard, the IMF’s own chief economist and Kenneth Rogoff, an armchair central planner whose kooky notions on inflationary policy we have already discussed in these pages (see “Parade of the Inflationists” for details).
Respectable Monetary Cranks
As Bloomberg reported at the time regarding Rogoff’s views:
“The economist whose research foreshadowed the unusually long slog back from the 2008 financial crash is calling for the unlikeliest kind of central banker to lead the Federal Reserve: one who welcomes some inflation.
Harvard University Professor Kenneth Rogoff, whose influential 1985 paper endorsed central bankers focused more on securing low inflation than on spurring employment, is highlighting the benefits of a Fed led by either Janet Yellen or Lawrence Summers precisely because they fail his old litmus test. President Barack Obama said Aug. 9 that they are “outstanding” and “highly qualified” candidates to replace Ben S. Bernanke, whose term as chairman runs out in January.
What qualifies them in Rogoff’s view is their dovishness, a refusal to place too much weight on stable inflation at a time when unemployment is far above its longer-run level. Rogoff is espousing aggressive monetary stimulus, even at the cost of moderate price increases. At a time of weak global inflation, higher prices may even help the U.S. economy by lowering real interest rates and reducing debt burdens, he said.
“In more normal times, you’re looking for the central banker to be an anchor against high inflation expectations and to assure investors that inflation will stay low and stable to keep interest rates down,” Rogoff, co-author with Carmen Reinhart of the 2009 book “This Time Is Different: Eight Centuries of Financial Folly,” said in an interview. Now “we’re in this situation where many of the central banks of the world need to convince the public of their tolerance for inflation, not their intolerance.”
(emphasis added)
Well, what can one say…welcome to monetary crankdom, Mr. Rogoff! The idea is based on the long-discredited Keynesian misinterpretation of the Phillips curve, which posits that there is a “trade-off” between inflation and employment. Of course, what Phillips actually measured was the historical relationship between employment rates and wages.
It seems obvious that if the labor market becomes tight, some upward pressure on wages should be expected. There was no need to mine historical data to “prove” this. It is a big leap though to conclude from this that an increase in price inflation rates through central bank manipulation of interest rates and the money supply will magically improve employment. Henry Hazlitt showed in the late 1970s that the supposed relationship between inflation and unemployment existed exactly half of the time between 1947 and 1976. In other words, one might as well flip a coin.
US money TMS-2 is up more than 100% since early 2008 and some 262% since early 2000 (i.e., it has more than tripled since then). Obviously, more inflation is urgently needed – click to enlarge.
However, there is actually no need to look at empirical data – economic theory cannot be proved or disproved with slices of empirical data, given the unique contingent circumstances of every historical period. What can be said unequivocally though is that the idea that the central bank should target an even higher rate of consumer price inflation is completely crazy.
The price effects of the Fed’s inflationary policy are already clearly visible in the prices of stocks, bonds, real estate, works of art, fine wines and other collectibles, and so forth. As we have previously argued, cash is treated as a “hot potato” by those who have first dibs on newly created money. Or to put it differently: in spite of low CPI rates of change, price inflation is already raging.
The monetary inflation of recent years is benefiting anyone but the so-called “middle class” and the poor. With CPI dipping slightly into negative territory, consumers can at least hope to see some tiny benefit from the price distortions central banks have wrought. We wonder by what method Mr. Bernanke thinks they can be deprived of this benefit? The only thing the central bank can possibly do is to inflate the money supply even further and at an even faster pace. Surely this has to be one of the worst ideas ever.
Conclusion
The science of economics has taken a decidedly wrong turn sometime in the 1930s. In the field of monetary science specifically, sober analysis has given way to broad-based support of central economic planning, with both policy makers and their advisors seemingly trying to trump each other with ever more lunatic proposals.
Mr. Bernanke is obviously a charter member of the modern society of monetary cranks, and in his time as Fed chairman has actively undermined the economy by introducing a zero interest policy and printing wagon-loads of money in a very short time. We are well aware that he is credited with having “averted a repetition of the Great Depression”. Since one cannot go back in time to see what would have occurred had he not acted the way he did, it isn’t possible to prove or disprove this assertion empirically, but we believe it is hokum.
We think he should rather be credited with having created one of the greatest bubbles in history, and having caused malinvestment and consumption of scarce capital on a staggeringly vast scale. And yet, he keeps coming out in support of ideas that could prove even more dangerous to economic prosperity. Hasn’t the man done enough damage already?
Members of the association of monetary cranks. From left to right: Larry Summers, Olivier Blanchard, Kenneth Rogoff, Stanley Fischer and Ben Bernanke at an economic forum on “Policy Responses to Crises” at the International Monetary Fund headquarters on November 8, 2013 in Washington, DC.
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The only inflation the Fed has ever cared about is wage inflation. As in they don't want any. Mission accomplished.
I'd like to offer mister Bernanke my rebuttal. It's 7.62 millimeters in diameter and weighs in 165 grain, but not to worry it's only a soft (counter) point.....
Economics is not a "Science".
knukles:
I outline,
economics is a science,
as warfare is a science.
True enough, as neither is a true science. Seemingly you outline things at a very great length, going by your post above which is longer than the article.
I freelance over th? internet and earn about 80-85$ an hour. I was without a job for 7 months but last month my paycheck with big fat bonus was $15000 just working on my computer from my home for 5-6 hours. Here's what i have been doing... www.globe-report.com
.
The mythical 2% inflation 'target' is the new all purpose Fed unicorn.
You'll never there from here since the variables are made up each morning at the Eccles building.
the main goal of these central bankers is to please wall st and to get their names in the news. if they can do that for a long time, when they retire they can make tens of millions in speaking fees and on corporate boards.
Arrest them all for treason and hang them
Carroll Quigley in Tragedy & Hope
"It must not be felt that these heads of the world's chief central banks were themselves substantive powers in world finance. They were not. Rather, they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up and were perfectly capable of throwing them down. ... The substantive financial powers of the world were in the hands of these investment bankers ... who remained largely behind the scenes in their own unincorporated private banks."
Which traitors let them have a headquarters on this continent? Send them all to Somalia. Bunch of pirate thieving M'Fers.
Great article. Bad photo.
Isn't it the same time when Judea declared war on Germany?
Yes as was noted in the Fed minutes released this week. There were no dissenting votes.
They also voted unanimously to rename the Marriner S. Eccles Federal Reserve Board Building "Bad Ideas R Us"
I think that if these people have actually taken an educated look at the real life on the streets of big Cities across the U.S.Maybe one day a little light bulb might come on and one of them might say "Duh,it's a structural problem in America,we're falling apart,it's becoming a dump."They must be living in a dream world on opium.Here's a tour of downtown east St. Louis for starters.
https://www.youtube.com/watch?v=wqIkAPZi2IQ
https://www.youtube.com/watch?v=V-Pw8Q8JL8g
Here's an idea,don't give hundreds of billions to foreigners,help your own you moronic Keynesians.
Bernanke’s ‘Nirvana Now’
Finally somebody got up river to a frightening place which smells of death to take out the crazy Bernanke.
Willard enters Bernanke’s cave:
Bernanke: What did they tell you?
Willard: They told me that you had gone totaly insane, …. and the your methods were unsound.
Bernanke: Are my methods unsound?
Willard: I don’t see any method at all sir.
Absolutely, I'm waiting for the wallyworld increase in wages to show up as wage growth. It will immedately be be seen as a sign of "inflation" that must have an increase in interest rates to control it. bweaaaahhaaa
"The science of economics has taken a decidedly wrong turn sometime in the 1930s."
That is nostalgic nonsense. Economics is a subset of militarism. The history of warfare was that its successes were based on backing up deceits with destruction, and upon that basis was built the history of finance based on enforcing frauds. There was NEVER any golden age of economics. Rather, there has been the overall trends of the exponential growth of Neolithic Civilizations, driven by the advancement of science and technology being primarily applied to back up lies with violence. The history of warfare created the War Kings that made the sovereign states, whose powers were covertly captured by the Fraud Kings, the biggest gangsters, the banksters, applying the same methods of organized crime to the political processes, that originally made those governments become the biggest forms of organized crime, which are currently controlled by those best organized gangs of criminals.
Economics is a form of social science or social engineering that shares the same basic characteristics as does warfare, as forms of social science or social engineering. The ONLY things that are "new" are the ways that progress in science and technology ended up furthering the interests of the biggest and best organized gangs of criminals, because human civilizations have always operated according to the principles and methods of organized crime.
However, to the degree to which the biggest bullies have become so dominant, at the same time the biggest bullies' social stories have been able to dominate society, so that the dominant natural languages and philosophy of science are profoundly BULLSHIT, while all of the dominant sociopolitical institutions are run by the best available professional liars and immaculate hypocrites.
Of course, that includes the trends towards central banks being able to engage in central planning of the economy. That is basically the result of the history of the consolidation of the triumphs of the methods of organized crime controlling civilization. There was no beginning to that. Human beings and human civilizations have ALWAYS operated as entropic pumps of energy flows. However, there has been an exponential development of those systems of legalized lies, backed by legalized violence, ever since central banks were based upon governments enforcing the frauds of privately controlled banks, being able to make the public "money" supply out of nothing as debts.
The currently established systems have become globalized electronic monkey money frauds, backed by the threat of force from apes with atomic bombs, manifesting as the MAD Money As Debt systems, backed by the MAD Mutual Assured Destruction systems. There is nothing "new" about that other than the development of electronic and atomic power, being channeled through the social pyramid systems, or human pecking orders, which were always based on being able to back up lies with violence.
Articles like the one above are superficially correct, but profoundly wrong. Inside of the MAD Money As Debt systems, "money" is made out of nothing as debts, and that "money" disappears back to nothing when those debts disappear. Relatively speaking, "inflation" is too much of that "money" being made out of nothing, compared to "deflation" which is too much of that "money" disappearing back to nothing.
The creation of the public "money" supply has more and more become frauds by privately controlled banks, which were enforced by governments, as that public "money" supply was superficially able to get away with deliberately ignoring the basic laws of nature, due to the ways that lies could be backed by violence, in order for those lies to become the socially dominant and socially successful stories about what was supposed to be going on. Since the foundation of the political economy is the government enforced frauds of privately controlled banks being able to make the public "money" supply out of nothing, OF COURSE "policy makers and their advisors seemingly trying to trump each other with ever more lunatic proposals."
HOWEVER, the article above grossly underestimates the degree to which those "lunatic proposals" have actually become RUNAWAY CRIMINAL INSANITIES. The "inflation targets" are based on the banksters attempts to regulate things so that their enforced frauds create just the right degree of an excess of new "money" made out of nothing as debts, compared to the amount of old "money" made out of nothing disappearing as those debts disappeared. However, there are relentless pressures from systems of incentives within those established systems for those who have the power to make "money" out of nothing to do "too much" of that that, blowing bubbles, that pop, on larger and larger scales.
In that context, from a sublime point of view, it seems ironic how some people like to promote going backwards to basing "sound money" on the principle of the conservation of matter, in the form of gold and silver, or whatever, because of the ways that sort of "sound money" deliberately ignores that it has been proven that matter is a form of energy.
It would be superior to base "honest money" upon an energy standard. However, to be more "honest" about how human beings and human civilizations operate as entropic pumps of energy flows would require the paradoxical recognition that those human systems necessarily operate according to the principles and methods of organized crime, because the production of destruction controls production.
In general, it is almost impossible for the vast majority of people to begin to imagine the degree to which they have been brainwashed to believe in the biggest bullies' bullshit world view, since that has been built into the dominant natural language and philosophy of science, that they so totally take for granted. Fiat money made out of nothing, which appears to be backed by nothing but "faith," actually has a long history of those frauds being enforced, so that the monetary system became a kind of absurd state religion, whereby the banksters were the high priests, promoting their bullshit to a captive audience. Despite that backing up lies with violence never can stop those lies from being false, the social successes based on being able to back up lies with violence have driven the established economic systems to become based on legalized lies, backed by legalized violence, in ways where the backward absurdities of those lies does not stop them from still being socially successful, in each short-term increment, despite that controlled civilization with enforced frauds drives that civilization overall to become more psychotically insane, in proportion to how socially successful enforcing those frauds was able to be.
Those paradoxes are quite the curious ways that scientific methods become entangled with the science of warfare and economics being based on backing up deceits with destruction, and enforcing frauds. While there has been an exponential rush of progress in physical sciences, there has been nothing like that in political science, due to the kinds of profound paradigm shifts which would be necessary in order to accomplish a genuinely more scientific political science.
The crux of those dilemmas was the history of successful warfare based upon destruction backing up deceits, then enabling the history of successful finance based on enforcing frauds. Economics is a science, which does social engineering, the same as warfare was the oldest and best developed form of social science and social engineering. There was no beginning to those processes, there was only an overall trend of being able to back up lies with violence growing at an exponential rate due to real progress in physical science and technology.
In order for physical science to progress, it had to go through a series of profound paradigm shifts. In order to political science in general, and economics in particular, to progress, those would have to go through even more profound paradigm shifts than physical sciences already have, especially since that kind of genuine progress in political science should become more consistent with the progress already made in physical sciences.
HOWEVER, at the present time, there actually EXISTS globalized systems of electronic frauds, making "money" out of nothing, while those frauds are enforced by governments, whose ultimate threats of force have become weapons of mass destruction, like atomic bombs. At the present time, there is practically zero realistic chances of enough people going through enough paradigm shifts in the ways that they perceive politics. Instead, the runway debt insanities are set to provoke death insanities.
The basics are that money is necessarily measurement backed by murder, because the debt controls are backed by the death controls. The international banksters operate through their systems of privately controlled banks, engaged in legalized counterfeiting, where each national central bank is that National King of Fraud, while the Bank of International Settlements is the King of Kings of Frauds. That was mostly achieved covertly. The vast majority of people do not understand those systems, because they have been successfully conditioned to feel that they do not want to understand.
In theory, human beings and civilizations should understand themselves as general energy systems, within the context of the overall environmental energy systems. HOWEVER, the history of successful warfare based upon deceits, and then, successful finance based upon frauds, has made doing that practically impossible. Although it should be obvious common sense that creating "money" out of nothing violates the most basic laws of nature, that kind of fraud has been covertly enforced so much, for so long, that most people take it for granted, without ever critically thinking about that.
Moreover, within the established systems being based upon almost nothing else than the core of organized crime, surrounded by controlled opposition, articles like the one above amount to nothing more than another restatement of bullshit, which presumes that somehow there was some time in the past, even as recently as in the 1930s, when things went wrong, when actually the ONLY things that happened were that the same methods of organized crime became bigger and better organized.
At the present time, governments are the biggest forms of organized crime, controlled by the best organized gangs of criminals, which currently happen to be the banksters, that have already achieved the supreme objective of organized crime, namely legalized counterfeiting, as their particular privilege, while everyone else is forced to accept those frauds. In general, it is almost impossible for the vast majority of people to go through enough paradigm shifts in the ways that they perceive those problems. As far as I can tell, the only things that ACTUALLY happen is that the more that one learns about that, then the worse it gets, because the more one learns, the more painfully obvious it becomes that the established systems are RUNAWAY CRIMINAL INSANITIES, which are NOT going to be fixed by anything that is politically possible from WITHIN THEMSELVES!
Hence, there is barely any practically political point to engaging in any deeper analysis of those problems. The established systems are not amenable to any reasonable reforms. The only ways that those systems appear to possibly be able to change is through their MAD self-destruction, perhaps opening up some emerging new opportunities. In that context, I attempt to more realistically propose deeper analyses of what actually exists, although that then includes the expectation that such better understanding would continue to have no practical effects to ameliorate runaway systems of enforced frauds driving civilization to behave more and more CRIMINALLY INSANE.
We should be using UNITARY MECHANISMS, which are the ways to understand phenomena that are consistent with understanding energy systems. However, instead, human minds continue to rely upon DUALITIES, which were built into the fundamental structure of the dominant natural languages and philosophy of science. That manifests as people generally relying upon false fundamental dichotomies, and the related impossible ideals, regarding how they understand their political problems, and therefore, how they think about what the "solutions" to those problems should be.
HOWEVER, not only are those DUALITIES mistaken, they also provoke the vast majority of people to promote bogus "solutions" that go to the WRONG POLE OF THOSE DUALITIES in order to promote what they regard as their "solutions" to those political problems. In the case of economics being a subset of warfare, the central issues behind the central banks are the debt controls being backed up by the death controls, both of which are most successfully done within society through the maximum possible frauds and deceits. The few who recognize that then still tend to propose the impossible "solutions" of stopping that from being the way things actually work.
While most people tend to deliberately ignore what otherwise should be obvious common sense that privately controlled banks making "money" out of nothing is fraud, that blatantly violates the basic laws of nature, such as that matter and energy can not be made out of nothing, nor sent to nothing, those few who do begin to notice then continue to tend to promote the same old false fundamental dichotomies, and so, the related impossible ideals, as the basis for bogus "solutions" that can never actually exist in the real world, but rather, actually make the opposite happen.
It is nostalgic nonsense, and a romantic fantasy, to believe that there was ever some golden age. The world always necessarily operated according to the principles and methods of organized crime. The failure to understand that, while instead promoting the false fundamental dichotomies that somehow governments are not the biggest forms of organized crime, controlled by the best organized gangs of criminals, is the current situation of vicious spirals that we are all trapped within, where the more one learns about that, the worse it gets, especially because then has to even more face the facts about how practically impossible to stop the established systems based on enforcing frauds continue to do nothing than generate bigger frauds, i.e., the "solution" to too much debt is somehow supposed to be even more debt, because, without radical revolution, nothing else is possible.
Human beings necessarily are systems of organized lies operating robberies, because they are necessarily entropic pumps of energy flows. Those who were the biggest and best at doing that have developed a totally bullshit language to rationalize and justify them doing that. The vast majority of people have been brainwashed to believe in that bullshit, to the degree that about the only publicly significant opposition to the established systems of organized crime are the various controlled opposition groups, promoting old-fashioned ideologies and religions.
While it is theoretically possible for economics to become a better social science, which did not depend upon increasing nonsensical "lunatic proposals," the major obstacle in the way of doing that is the degree to which the best organized gangs of criminals, the banksters, depend upon the vast majority of people not understanding how and why those systems work, nor how and why those systems actually evolved.
The only things which actually exist are the dynamic equilibria of different systems of organized lies operating robberies. Only that which actually exists can actually evolve. Those existing systems have been evolving at an exponential rate due to real progress in physical sciences. However, meanwhile, Grand Canyon Chasms have been opening up wider and wider between progress in physical sciences, versus virtually no progress in political science. The obstacles to doing that are the basic structures of social pyramid systems, being based on backing up lies with violence, or enforcing frauds, which work through relatively small minorities specialize in backing up lies with violence, while much larger majorities adapt to that by becoming ignorant and afraid. Neither group is willing and able to do anything about civilization being controlled by enforced frauds, which automatically become more psychotic out of touch with the relatively objective facts regarding society and the environment as a whole.
While it is theoretically possible that there could develop better government, as better organized crime, the degree to which the established systems, and their controlled opposition groups, deliberately deny and ignore that they ARE based on successfully operating organized crime makes that kind of realistic political progress politically impossible at the present time. Instead, the established symbolic figureheads of the banking institutions are able to operate as "monetary cranks," promoting "lunatic proposals," since they are comfortably operating inside of systems that have been enforcing those kinds of frauds for Centuries.
While that is no doubt the case, and that is becoming more blatantly obvious to anyone who takes the time to study the statistics regarding the established debt slavery systems developing numbers which have become runaway debt insanities, by and large, there continues to NOT BE PARADIGM SHIFTS regarding perceiving how and why money is measurement backed by murder, because it is the most abstract form of private property being claims backed by coercions, inside of social systems which were always based on being able to back up lies with violence.
At the present time, the contradictions between progress in physical sciences, versus no genuine progress in political science, are getting more and more intense. Indeed, the contradictions with respect to developing globalized electronic frauds, backed by atomic bombs, have been amplified to awesome astronomical sizes ... WITHOUT that being understood in any better ways by the vast majority of people, especially since the ruling classes do not want that to be better understood, while those they rule over have also been conditioned to not want to better understand that situation. Anyone who does want to understand how the monetary systems really work relatively quickly discovers that they are members of a very tiny minority of the overall population. The ruling classes have worked hard for a long time to make sure that there is no proper public understanding and recognition of the ways that the governments are enforcing the banksters frauds, and so, they have succeeded in accomplishing that goal.
In theory, the ONLY genuine solutions would be for enough human beings, and their civilizations, to understand themselves as general energy systems better. However, at the present time, it is not possible to exaggerate the degree to which that is actually being misunderstood in ways which are as backward as possible, and therefore, the "solutions" continue to be the absurdities of attempting to manage the details of fundamentally fraudulent financial accounting systems, without ever addressing the bigger picture that those systems are based on enforcing frauds.
Therefore, we are rushing faster and faster towards some tipping turning points, where the levels of debt insanities provoke unprecedented levels of death insanities. Moreover, that is even more the case because of the ways that the vast majority of people, and especially the ruling classes, do not want to make greater use of information, enabling higher consciousness, regarding that money is NECESSARILY measurement backed by murder. Collective human intelligence is utterly hamstrung by the ways that the established social pyramid systems developed to become based on enforced frauds that operate by the pyramidion people deliberately denying and ignoring that, while the vast majority of the people living at the lower levels of those social pyramid systems have adapted to accept those kinds of enforced frauds, for generation after generation, to the extent that the vast majority of people are not aware of the degree to which those enforced frauds are controlling civilization to behave in criminally insane ways, but rather, the majority of people have adapted to believe in the banksters' bullshit as being a good thing to do, since those people necessarily have to live inside of the banksters' world, based on taking for granted enforced frauds as somehow not being fraudulent.
Since the ways that has actually been accomplished was through the history of successful warfare based on deceits, morphing into successful finance based on frauds, those established systems, surrounded by their controlled opposition groups, are almost totally unable and unwilling to go through sufficient paradigm shifts in the ways that they perceive those problems, in order to actually resolve those problems better, in more realistic ways. Rather, we are looking at the foreseeable future of debt insanities provoking death insanities, perhaps being the precursor to enable more people to begin to think about the ways that the debt controls are based upon the death controls.
That was always the case. Human history has been based upon the history of successful deceptions and frauds, because production was always controlled by the production of destruction, while that control worked best the more that it could hide and dissemble. Hence, the central banking systems are actually the triumph of organized crime, whose triumphs are based upon them continuing to be able to get away with misrepresenting themselves. Moreover, the only genuine solutions to those problems must be better organized crime, because human beings must continue to live as entropic pumps of energy flows. It is NOT possible for organized crime to not exist. Therefore, it is NOT possible for governments to not exist. The only things that might be possible are to develop an economic system that was based on better organized crime, in which its monetary systems was better measurement systems backed by better murder systems.
OF COURSE, that would require some prodigious series of political miracles, while "business as usual" is going to be more runaway debt insanities, provoking death insanities, most of which will never be understood by the vast majority of people, who will continue to be controlled by systems of lies backed by violence, keeping them ignorant and afraid. More "business as usual" is more enforced frauds, controlling civilization to behave more criminally insane, as the Grand Canyon Chasms between physical science and political science get wider and wider ...
While I continue to promote the theory of attempting to go through intellectual scientific revolutions sufficient to reconcile physical science with political science, so that politics is understood as a general energy system, the magnitude of paradigm shifts in their perceptions that people would have to go through in order to accomplish that appear to be politically impossible. Instead, the runaway systems of enforced frauds can only be expected to automatically get worse, faster ... At the present time, it is unknown whether or not the human species is going to survive the consequences of developing globalized electronic frauds, backed by atomic bombs, that the overwhelming vast majority of people, in both the ruling classes and those they rule over, do not want to understand. However, it is clear that the pessimists have all the evidence and logical arguments on their side, while the informed optimists only have irrational hopes, inside of transcendental hope.
Bejesus, you need to start a blog, although I can't say I would read it.
I run a fringe political party in Canada, and use its forum like my personal diary. I merely amuse myself by posting comments on Zero Hedge. Nobody is forced to read them. Writing is a tool to help thinking. I like to try to understand how things work, and what is really happening. HOWEVER, the main conclusions are as I already stated above: the society we were born into is terminally sick and insane. There is no practical point to bothering to try to understand that, because the real situation is too criminally insane to be fixed.
The path we ARE on is for us to continue the absurdities of attempting to solve the problems that we are drowning in debts by creating more money out of nothing as more debts ... I pass the time with my endeavours to try to understand how and why we became so criminally insane, despite that the conclusions always being that the more one learns, the worse it gets!
The how and why can be answered by Daniel Quinn. Read Ishmael and the story of B. Otherwise you seem to have figured out more than most men should.
Yes gswifty, regarding Neolithic Civilizations:
http://en.wikipedia.org/wiki/The_Story_of_B
Books like the Bible provide justifications for totalitarian agriculture, that worked all too well in the short to medium term, while destroying the global ecology in the longer term. Our civilization is based on rationalizations of self-indulgent, endless growth, which deliberately ignore the basic laws of nature, as demonstrated by the monetary systems being based on ENFORCED FRAUDS.
The only apparently possible "corrections" for the excesses of totalitarian agriculture are for those systems to go through their own MAD self-destruction ... While it is nice to day dream that enough people would go through enough paradigm shifts to appreciate the concepts of evolutionary ecologies, the dominant social systems are based on the history of successful totalitarian agriculture deliberately ignoring those concepts.
Yes, nail on the head! Totalitarian Agriculture was what the pyrmidian people based their power on. So, not to be guilty of being a reactionary revolutionary, isn't it possible that a paradigm shift can happen on an elemental level that even the simplest amongst us would embrace willingly? Isn't locally grown food and cannabis the basis for a local economy and community to thrive? Who wouldn't see the value in that? Aside from the globalists not wanting that, wouldn't a prohibition of localized food production, let's say based on aquaponics, be unenforceable? It would be an end-run around what the globalists are trying to achieve. They can try to enforce their frauds, but if a population is content with their table and community much of the leverage currently in use will be gone. Passive resistance can be quite a force applied with little effort.
<storing excess grain = "banking", requiring... protection (murder if need be), which drove... research, hence our legacy philosophy of science???> thanks for the Quinn pointer.