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Is The Fed Making A Huge "Policy Mistake"? This Market Reaction Will Give The Answer
As discussed here on Saturday and as should be abundantly clear from the sheer confusion that reigns across markets ahead of this coming week’s all important FOMC meeting where the absurd (and frankly terrifying) fact that the fate of the financial universe hinges on 25bps will be on display for all to see, the Fed is at risk of committing a policy error of epic proportions.
To reiterate, the use of the term “epic” here has nothing to do with the magnitude of the hike which, if it occurs at all, will be more symbolic than anything else, and everything to do with the fact that in today’s centrally planned world, which for seven years has been coasting along on an magic carpet made of printing press money even as the entire system becomes ever more unstable, the smallest policy error will reverberate exponentially.
To be sure, whether or not Yellen has made a mistake will become all too clear over time. All one need do is observe whether EMs careen further into chaos and/or whether the PBoC becomes even more schizophrenic, but as far as what to watch in the immediate aftermath of the FOMC announcement, we return to what we noted after September’s NFP print when we quoted BofAML. To wit: “If they do hike, watch the long-end.”
Why? Because if there’s a flight to safety and the long bond rallies, the Fed will know it has officially erred, or, to quote Deutsche Bank:
The market still looks cheap for a September policy error. We see scope for Treasuries to rally significantly from here given the likely risk-off market response to a policy error – we think 10s could rally to 1.75% given the confluence of poor market liquidity and monetary tightening from the Fed and emerging market reserve loss.
In this extremely untenable situation, even doing nothing could end up producing the same result if that “nothing” is communicated poorly:
Even a hawkish hold is likely to keep downward pressure on the slope of the curve and risk asset valuations.
And as BofA suggests, the places to be in such a scenario will be "cash, volatility, and gold." At that point, any and all "pet rock" jokes will cease being funny and the only thing humorous will be the sudden disappearance of the transient bid for USTs once everyone who piled in simultaneously realizes that their own actions in the wake of liftoff definitively signal the loss of any credibility the Fed, and by extension, the fiat money regime itself, had left.
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Watch some Shmitah action take over and Fed won't even matter next week.
The Fed was and is still make the biggest mistake out there: They thought they could create sustainable demand out of thin air with their policies. They were wrong. Doesn't matter what they do now, there will be some form of reset whether they like it or not. The fact that they're going to pay banks not to lend now is just 10 different shades of insane. That working is pure academic fantasy.
On the prophetic front people are contacting Z3news talking about a German default for the 25th of September of the order of a David Wilkerson Mad Max Scenario and following Six month bank shutdown.. Considering Germany's main bank has a net worth of MINUS $150 BILLION dollars - namely Deutsche Bank it bears investigating.
https://www.macroaxis.com/invest/ratio/DB--Probability-Of-Bankruptcy
http://z3news.com/w/watch-out-global-economic-collapse-starts-in-germany...
So a rate hike into the fact it will probably wipe out Deutsche Bank's $75 Trillion dollar derivative asset toxic black hole looks about the Federal Reserves style..
The other question is who is paying the refugee bill in light of 8,000 Syrian refugee / day influx? I could see Germany deliberately defaulting just to have the ammo to cancel all the social programs just to kick off the incoming million welfare recipient load.
You are not worry, Fictional Reserve is not raise interest rate. Will so much to talk about raise rate, but this is theater for benefit of Amerikanski public consumption and for surprise face economist. Never is happen.
... but what is Boris know!?
I just realized... the Fed doesn't manipulate the markets so much as it allows for better wealth theft during all cycles, for maximum banker bonuses. Sneaky fucks!
The "Market" is now the beast system.
Great freelance work opportunity for anyone... Work for three to eight h a day and profit in the range of $5000-$12000 each month... Weekly payments... Here is what i do... www.wallstreet34.com
"Market reaction'??!?!?! WTF does that mean? That the Fed will 'adjust' the markets to suit the appropriate response? There are no markets when the only participants are manipulators.
I dunno...perhaps the 'market' is best reflected by those who left it
They are making wild guess's and calling it policy. The mega-banks are scared because any bump at all will have an effect on derivatives that they hold trillions of. I doubt that they'll raise it at all for just that reason....
bunch of suites with masters and doctors degree plotting a course of academic research with lives in the balance between poverty and having a chance at a decent life. call it the emerging market and 2nd world being stuffed down a hole, with 1st world being fleeced fast. when the anger turns toward the source, maybe the dethroning can happen. and, imo, it will come directly(war as in attack) from our adversaries(that econ war have stuffed and pissed off to the max)...
Brief market thoughts:
http://thetradingcrucible.blogspot.com/
Oh yeah, it also should be noted that this is options expiration week, so it could easily turn into my favorite crush-the-VIX, squeeze-the-shorts, transfer-the-wealth type of move. Just something to keep in mind.
If they don't raise rates by a ridiculous 1/4 point, the market will levitate as it if just got injected with addreniline.
"Adrenochrome,” he said. “You won’t need much. Just a tiny taste.”
I got the bottle and dipped the head of a paper match into it.
“That’s about right,” he said. “That stuff makes pure mescaline seem like ginger beer. You’ll go completely crazy if u take too much.”
…..
“Jesus! What kind of monster client have you picked up this time? There’s only one source for this stuff….”
He nodded.
“The adrenaline glands from a living human body,” I said. “It’s no good if you get it out of a corpse.”
- Fear and Loathing in Las Vegas.
At this point it makes no difference what the FED says or does. The titanic is sinking and brilliant speeches will have no effect.
Does it really matter; they will just keep printing behind closed doors. QE has never stopped and is at least 35 billion per day every day or a trillion a month now. JP Morgan is selling US Treasuries naked (no delivery) and the FED is giving the "wink wink". If audited, the FED, all Central Banks and all or most governments would be shown to be insolvent.
This will continue until a challenger(s) are able to prevail. Russia & China are the best hope, but the US /NATO seems to be the best of the bad/evil. Meanwhile...for each person the end of this life ushers in eternal life, which is good for some and bad for others.
JP Mogan's actions on US Treasuries are no different than Comex selling naked Gold Contracts.
China is cooked. There is no hope from them as they seem to have copied the Fraud and Destruction paradigm and put it on steroids.
And Russia can only challenge us on the military battlefield in a proxy war as they cannot sell their Raw Goods into a deflationary environment when nobody is buying.
So if you are banking on that as "the best hope" then you are banking on the wrong solution.
Actually when you figure out the Truth that YOU are your own best hope and follow through by acting in your best interests...not relying on outside intervention.or blaming outside sources for your own failures to prosper, then you will find your own peace and prosperity.
Place no faith in ANY GOVERNMENT..or likewise blame. It is not advantageous, unproductive, and will not serve you well.
Policy? LOL
As someone more serious pointed out, the crash of oil prices should have given the US and world economies such a big boost that raising interest rates should be necessary and desirable.
This article argues that raising the discount rate even a little will make long rates plunge. Well, OK then, let's raise them to the moon, invert that ol' yield curve bigtime, and refinance the entire national debt at negative six percent.
You're welcome.
Old Yeller will not raise rates. It's just a head fake for the markets.
off topic, or maybe it isnt: california is burning to the ground..state of emergency etc. and if you look at the weather forecast, they have at least 2 more months of no rain.
50% chance of rain Mon and Tue in San Diego.
sorry for the extended length of this post,
but, it is worth the trouble.
.
some suggest "mistakes" or "bad/poor/stupid choices".
some people just do their job as described by their
"superiors", them be the bosses of varying stripes.
.
then there is talk of razors(hanlon). i say wake up.
.
http://thenewsdoctors.com/who-was-really-behind-the-911-attacks/
Who Was Really Behind The 9/11 Attacks?
.
"Radical Marijuana
.
Overarching all development of natural resources is control over the public "money" supplies by private banks. All aspects of POLITICAL FUNDING have resulted in the governments of the U.S., as well as most other countries, being "led" by political puppets, voted for by enough of the masses of muppets, which was how and why the systems of debt slavery backed by wars based on deceits have their central core of triumphant organized crime being that governments ENFORCE FRAUDS by privately controlled banks, while then that "money" made out of nothing as debts "pays" for everything else, and hence, that "money" is symbolically more important than the natural resources that it is used to control.
That is also the context in which to place the view that "the U.S. – through bad policies and stupid choices – is largely responsible for the rise of ISIS." I am somewhat astonished how George Washington can present so much excellent research, while still falling back on the bullshit view, which may be called Hanlon's Razor, that the U.S. has made "stupid choices."
Although I have no doubts that the book linked in the article above would present well-documented demonstrations of the points that were summarized, after reading several dozen George Washington articles during several years, my view continues to be that the BASIC THEORY, or paradigm of perception, that is used continues to presume too much upon the dualities of false fundamental dichotomies, and the related impossible ideals. Those who rely upon the presumptions presented in Hanlon's Razor are able to engage in superficially correct analysis, and then promote bogus "solutions" based upon that kind of superficial analysis.
The deeper problems are due to money being measurement backed by murder, as the most abstract form of private property based upon backing up claims with coercions. There is NO "ownership" of any natural resources that exists outside of some system of public violence. On the contrary, the only things that exist are the dynamic equilibria between different systems of organized lies, operating robberies. The most important of those have become the symbolic robberies achieved through governments ENFORCING FRAUDS by privately controlled banks.
There have been vicious spirals of feedback loops through the POLITICAL FUNDING which have resulted in the government of the U.S. being almost totally operated by political puppets voted for by enough of the masses of muppets. OF COURSE, they make "stupid choices!" However, that is because they actually make NO "choices."
The ISIS story, which I believe is presented in factually correct ways by the summary in the article above, fits into the overall history of DEBT SLAVERY BACKED BY DECEITFUL WARS, as triumphant systems of organized crime, surrounded by layers of controlled opposition groups. These days, the history of that has become more like archaeology, in the sense that the development of globalized electronic financial frauds, backed by the threat of atomic bombs, promoted in various ways by devious self-fulfilling prophesies (such as "terrorism"), has become so astronomically amplified by so many orders of magnitude, that previous human history, during previous Centuries and Millennia, is no longer so relevant, except to perhaps assist us to comprehend the absurd, runaway criminal insanities which are manifesting through social pyramid systems based on backing up lies with violence, whose science and technology has RAPIDLY BECOME MILLIONS, THEN BILLIONS, THEN TRILLIONS OF TIMES GREATER!
But nevertheless, despite human history now becoming more like archaeology, I believe that some of the best insights into how it is possible for ISIS to primarily be the result of "stupid choices" by the U.S., and its allies, were provided by historian Carroll Quigley:
"powers of financial capitalism
had another far-reaching goal,
nothing less than to create a
world system of financial
control in private hands
able to dominate the
political system of
each country and
the economy of
the world as
a whole ..."
That system was "to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements. ...The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. ... It must not be felt that the 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 who 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. These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks."
The historian Carroll Quigley was one of the people who best documented and demonstrated how the plans of the international bankers were implemented, which were manifestations of the ways that those bankers were the biggest gangsters, or the banksters. The existence of central banks is due to the history of the social successfulness of applying the principles and methods of organized crime to the political processes, to end up with the current situation where the public "money" supply is almost totally created out of nothing as debts by privately controlled banks, which effectively includes the various National Central Banks, which are the National Kings of Frauds, which are supervised, as Carroll Quigley stated, by the Bank of International Settlements, acting as the King of Kings of Frauds.
The people who control the public "money" supply thereby control everything else, to cascade down from that SOURCE, to manifest as fractal patterns of organized crime, throughout every lower layer of society. There exist combined money/murder systems, where the money pays for the murders that back up that money, and then that money controls the natural resources. Since all of the established sociopolitical institutions tend to be controlled by their funding, all of the established systems operate inside of governments ENFORCING FRAUDS by privately controlled banks, and therefore, all institutions tend to be dominated by the best available professional liars and immaculate hypocrites.
As the saying goes:
"The lies are different at every level."
Therefore, when "Unmasking ISIS" one should expect to find lies within lies, within lies. Indeed, as far as I can tell there are almost infinite tunnels of deceits, whose twists and turns are what are necessary to consider when attempting to comprehend how and why the government of the U.S., and its allies," appear to make "stupid choices."
The MOST "stupid choices" that the governments of the U.S., as well as almost all other countries, made were to ENFORCE FRAUDS by privately controlled banks. Those apparently "stupid choices" are due to the prolonged triumphs of applying the principles and methods of organized crime through the political processes, which have resulted in almost all politicians being puppets that make the apparently "stupid choices" they make due to their puppet masters, primarily the banksters, while the vast majority of the muppets that vote for those political puppets do not know any better, because they have been conditioned to not want to know any better.
The degree to which civilization is making "stupid choices" is almost infinitely WORSE than that presented by most of the content published on Zero Hedge, which mostly continues to rely upon some degree of Hanlon's Razor. Such sorts of superficial analyses of the political problems then enables those doing that to stay within their comfort zones when they turn to promoting bogus "solutions" based on the same old-fashioned dualities, manifesting as false fundamental dichotomies and the related impossible ideals.
The most important "stupid choices" that are being made are due to the incremental sequences of the short-term social successes based upon being able to back up deceits with destruction, then morphing to become FINANCIAL FRAUDS ENFORCED BY GOVERNMENTS. The results of those kinds of "stupid choices" are that civilization tends to deliberately ignore the principle of the conservation of energy as much as possible, while deliberately misunderstanding the concept of entropy in the most absurdly backward ways possible.
The keystone is that civilization necessarily operates according to the principles and methods of organized crime, because civilization necessarily operates as entropic pumps of energy flows. The lynch pin that holds all of the components of the different sociopolitical institutions together is their funding. Therefore, follow the money to its SOURCE in order to understand the series of superficially "stupid choices" that appear to be made. One of the best ways to understand recent human history is from the perspective of which countries did not have central banks controlled by the international banksters.
The overarching issues are the best organized gangs of criminals, controlling governments as the biggest forms of organized crime. Those political problems have developed because the death control systems MUST be the keystone, lynch pin, and central core of everything else. However, extremely intense paradoxes have developed due to that, which manifest as what may be called consistent contradictions, that the best organized and biggest forms of organized crime get away with publicly presenting themselves as somehow not being that. The biggest bullies, for generation after generation, were able to beat almost everyone else into tacit acceptance and parroted repetitions of those bullies' bullshit.
Indeed, the biggest bullies' bullshit world views were built into the dominate natural languages, as well as the dominate philosophy of science, to the degree that almost everyone almost all the time is making their "stupid choices" to perceive the world in absurdly backward ways. Phenomena like the rise of ISIS are superficial symptoms of those deeper problems, such as that George Washington would implicitly continue to make Hanlon's Razor sorts of presumptions by stating "the U.S. – through bad policies and stupid choices – is largely responsible for the rise of ISIS."
The essential problems that we face are that there must necessarily be some death control systems, however, the history of warfare has selected for those to become most successful when done through the maximum possible deceits and treacheries. Indeed, the entire political economy is based upon governments ENFORCING FRAUDS by privately controlled banks, because governments are necessarily the biggest forms of organized crime, controlled by the best organized gangs of criminals. Meanwhile, the flip sides of those developments have been within the various controlled opposition groups, which may well be described as expressed on Zero Hedge by Cognitive Dissonance: "The absolute best controlled opposition is one that doesn't know they are controlled."
In my opinion, that applies to the material presented by George Washington, which tends to present well-documented, excellent research, that I tend to agree with, BUT, which continues too much to take for granted perceiving the world in absurdly backward ways, due to the degree of severe cognitive dissonance that George Washington, as well as readers of that, would have to suffer through to contemplate how and why the "stupid choices" make sense within the overall perspective that civilizations necessarily operate according to the principles and methods of organized crime.
Ironically, most people continue to make "stupid choices" to continue to make"stupid choices." Using Hanlon's Razor is a convenient way to refer to doing that, in the manners that one appears to be logical, while actually ignoring overwhelming anomalies, that should be enough to drive profound paradigms shifts in the ways that one perceives the world. Occam's Razor, as the parent of Hanlon's Razor, may well be a correct presumption, in the absence of evidence. However, continuing to rely upon Hanlon's Razor, despite an abundance of evidence to the contrary, is becoming willful blindness.
That "the U.S. – through bad policies and stupid choices – is largely responsible for the rise of ISIS" summarizes the situation in ways which do NOT have to dig deeper into how and why civilization actually operates, and must necessarily operate, according to the principles and methods of organized crime, and hence, the banksters are the puppet masters pulling the strings of the political puppets, as well as manipulating the public opinions of most of the masses of muppets. Those political puppets and muppets appear to be making "stupid choices," and in some sense they are, but that was due to the history of making and maintaining civilization as systems of legalized lies, backed by legalized violence, the most important of which are the ways that governments ENFORCE FRAUDS by privately controlled banks, which includes the various foreign affairs of wars based on deceits, that advance the overall agenda of debt slavery.
Those trends are heading more and more towards debt insanities provoking death insanities, especially because that "money" made out of nothing as debts was primarily used to "pay" for strip-mining the planet's natural resources, at exponentially accelerating rates, which are just beginning to run into limits of diminishing returns with respect to being able to continue to operate those systems. That appears to be why the ruling classes are increasingly driving more genocidal wars, as well as preparing to impose democidal martial law.
However, those who continue to operate inside of the biggest bullies' bullshit world views, or stay inside of thinking about everything in ways that still takes for granted how we are actually living INSIDE Wonderland Matrix Bizarro Worlds, mostly tend to take that bullshit world view for granted. It from that point of view that one can regard there having been series of superficially "stupid choices," while actually there were much more profoundly important "stupid choices" being made.
Unmasking ISIS should recognize how many different layers of masks there may well be. Eventually, the deeper levels are all about the death control systems, whose most extreme forms are the human murder systems, that back up the human money systems. It is towards those issues that the attitudes of the "opposition" are most controlled. Furthermore, it is the degree to which that "opposition" is controlled that enables the ruling classes to continue to so much get away with their deceitful wars advancing their agenda of debt slavery.
By and large, the main way that the opposition is controlled is that they tend to continue to want to rely upon the dualities manifesting as false fundamental dichotomies, and then promote various impossible ideals as being the "solutions," despite that those always backfire badly and cause the opposite to happen in the real world, since thinking that way is the way that controlled opposition thinks.
To promote more unitary mechanisms regarding how human beings and civilizations operate as entropic pumps of environmental energy flows takes a series of intellectual scientific revolutions, and profound paradigm shifts, in order to come to terms with that the source of the apparent series of "stupid choices" are due to the necessarily manifesting principles and methods of organized crime through political processes, because the most important things that those processes must do is operate the death control systems, that back up the debt control systems, which are the realities and symbols through which human beings transforming natural resources in order to continue living.
From different points of view, the best organized gangs of criminals, that effectively control governments, drive those governments to make apparently "stupid choices"because the agenda being actually implemented thereby is the overall agenda of those best organized gangsters, the banksters. From another perspective, it is increasingly the case that those banksters themselves are also making their own kinds of "stupid choices," due to the excessively successfulness of ENFORCING FRAUDS becoming more and more psychotically out of touch with relatively more objective physical realities.
The most important "stupid choices" that people make are with respect to how they perceive their world. The most symbolically important of those are the ways that most people do not understand the SOURCE of "money" because they do not want to understand that. Ironically, while almost everyone cares about making and spending "money" inside of the established systems, almost nobody wants to understand the SOURCES of that "money."
The existence of ISIS is merely another wave on the seas that manifest because MONEY IS MEASUREMENT BACKED BY MURDER. By and large, people make the most extremely "stupid choices" possible with respect to that, due to the degree to which they are actually NOT making any "choices." The results of the human murder systems being done through the maximum possible deceits and treacheries are those becoming almost nothing but a core of organized crime surrounded by layers of controlled opposition groups, both of which continue to operate with the same frame of reference, based on the maximum possible deceits regarding the death control systems.
At the same time, better and better physical science, and the technologies which flow from that better understanding, still end up being channeled through sociopolitical systems base upon backing up lies with violence, that are run by the best available professional liars and immaculate hypocrites. Hence, real opposition endeavours to provide different death control systems, which manifest in the most extreme forms as different human murder systems, while the controlled opposition groups tend to promote the views that there should be no death control systems, or at least none that human beings are aware of operating.
My views are that civilization can not survive so much progress in physical science, without that being surpassed by progress in political science. Human beings shouldapply their better understanding of general energy systems to better understand themselves and their civilization. However, at the present time, we are stuck in the ruts of making "stupid choices" not to do that. Therefore, civilization continues to be controlled by organized crimes, in ways which have become runaway criminal insanities, such as illustrated by the situation presented by ISIS, whose "success" threatens to enable gears to be changed, to start actually using more weapons of mass destruction.
In my view, ISIS is making "stupid choices" which could lead to hundreds of millions, if not billions, of people being mass murdered. ISIS is making those "stupid choices"because ISIS was actually made and maintained by the bankster controlled governments, which are collectively groups of trillionaire mass murderers. ISIS is one of the ways that "stupid choices" are tending towards overwhelming death insanity situations falling upon ISIS, as well as blowing back across everyone else.
Meanwhile, all of those lower level "stupid choices" are within greater and greater nested contexts of much worse "stupid choices" regarding how we tend to perceive the world through thinking in ways that take too much for granted the absurdly backward biggest bullies' bullshit world views, as well as the "stupid choices" we must make when attempting to communicate what we were thinking about through those languages and presumptions, which were originally promoted by the biggest bullies. We are STUCK making "stupid choices" to the degree that we have to use the established form of the public "money" supplies, based upon governments ENFORCING FRAUDS by privately controlled banks, while those banksters continue to advance their agenda.
Tragically, ISIS appears to be another form of controlled opposition, which is probably headed towards some out-of-control psychotic breakdowns, while more and more severe social storms blow through. In my view, ISIS is being set up to create the conditions in which it will become possible for the globalized ruling classes to start using weapons of mass destruction, in order to mass murder hundreds of millions, if not billions of people, the epicenter of which will probably be the places and people that ISIS comes to control, but which also blow back and forth all around the world. It seems to me that ISIS is making "stupid choices" to be set up to be destroyed by weapons of mass destruction, despite the degree to which there would be consequences then blowing back across the rest of the world.
Indeed, that is happening because almost everyone is making "stupid choices" to not operate better death control systems, due to "stupid choices" to not be able to think in sufficiently different ways. Overall, it appears to me that the emergence of ISIS is merely another manifestation of the overall ways that the human species is making "stupid choices" to commit collective suicide, due to not being able to develop radically different ways to perceive and operate the death control systems." r.m.
.
9/11 Conspiracy Solved
https://www.youtube.com/watch?v=ShYTLoqbx3s
Even the Kenyan President fucked up his own sound bite.
Obama just made a SHOCKING admission!http://m.youtube.com/watch?v=bcGz1a76Clk
wow and yes. no one can call it a
conspiracy now, he just told the world
what his office is all about.
Yes, capitalism is a scheme of the system, not the system itself. As a completely backwards ideology - the idea that morality and ethics can be automatically gifted to the world through a society believing only in economy - capitalism is a theology of the carnival. People in the medieval era knew this well as the myth of the Land of Cockaigne: a land of an impossible surplus where paradise is always at hand. With such an ideology it was inevitable that a culture would develop as a system of signs and symbols for the economy which had renounced them. Ironically, it is the left wing that has given capitalism its cultural aspect (to which the true believers in capitalism will no doubt deny until they sound as the statists they so try to distance themselves from).
This is clear in that capitalists and leftists both believe in the infinite source of energy; commodities for the capitalists, and cultural excess for the leftists. Capitalists consume this infinity of resources in private while leftists do so in public, that is the only real difference. The groups are two sides of the same coin, both see themselves as gods living in a paradise that will go on forever. Either the landscape or the king's head. With the arbitrary rules of a fate imposed by man they each take turns flipping the coin.
American capitalists especially tend to see themselves as opposed to centralisation. But in reality it was only an impossible level of centralisation which could have given rise to the nation. Each man set out as an individual as representative of the king to found this new earth. And in keeping with the laws of revolution they did not rebel against the king because he was a tyrant, they did so because their power had already gone beyond him. They recognised they were the people living in paradise, and so turned the king's land on its head. The American capitalist, above all, believes in centralisation without centralisation. It is an important distinction, as progress does not increase decentralisation, rather the reappearance of decentralisation in a progressive society can be nothing more than an appearance. Decentralisation is a facade which could only make up for the centralising shortcomings of monarchy. Decentralisation develops out of monarchy as an increase of centralising efficiency rather than as opposition to it.
This is the fundamental flaw in the American understanding of entropy, energy does not increase through dissipation, it is lost, and thereby entropy becomes centralised elsewhere. Much of Western history is dictated by the escape from tyranny combined with the contracted expansion of tyranny's frontier. America was the last frontier, the escape from tyranny which paradoxically became it. An entire continent of people was wiped out so that each man could settle his own castle upon it. So long as their own castle is left alone they care not for what happens outside of it. It is a private and isolationist form of hedonism, sometimes restricted to economic thought. But this capitalist ideology only exists so that government can grow elsewhere, it is a subtle manipulation for the master to pretend he is not a master, for the slave to pretend he is not a slave. Or worse, to willingly engage in the collectivist law of the social contract that this is all by choice.
That is what it is in reality. Capitalism is only a scheme of liberal ideology which reduces the theory of government by elected and diffuse social contracts to the realm of economy alone. Capitalism invokes a manipulation of ideology to suggest to the slave that he is equal to his master, as if by name alone democracy makes us equal, or as if the drug dealer is equal to the addict. The social contract is a form of moral relativism which pushes the idea that a choice was made by two equal parties to work together for a temporary period, and beyond that there is nothing which matters. This constrains the individuals into a false reality, as if they were equal when it is clear they are not. The capitalist secures wealth, capital, and the means to production, while the employee has to enter a fiction whereby he chooses his master and is given paper representation to which he can give back to his master or trade to another master to receive the shelter, food, water, or other resource which offsets his death. Much like the drug dealer, the capitalist turns the means of survival into a process of addiction.
This process is no different from monarchist means of control in actual economic exchange, but the capitalist adds the additional insult to the slave that this is by choice, and that they are in fact equal parties in a wonderful system of freedom. The capitalist is simply a monarch without title. It is a cruel twist of Calvinism and Judaism, but the capitalist knows he has even more power than those systems would ever allow, he becomes the god and only ever resorts to ideological methods when the facade of capital starts to show its blood. The bastard son of a monarch simply wants the blood and death to never appear on his land, and his audible tricks are the forked tongue of violence mixed with pleasantries as an additional rub. He likes to show you empathy by suggesting how things could be worse, and even suggests that it is you who is taking money from him. The capitalist cries out in pain when he reduces you to electing to a contract with the devil.
Perhaps the worst aspect of this can be seen in private military contracts. For Academi, they are not at war, they are merely fulfilling a contract between parties. They do not kill, they complete or terminate contracts. It is the ultimate moral relativism, as one can abide by the foundational idea of one's nation and totally undermine it at the same time. It is a cruel fate, but what we see of capitalism today is its rightful grave. None of this can be pinned on communism or fascism, as democracy and capitalism use moral relativism to recuperate whatever methods they wish to fulfill open contracts. If democracy is the worst form of government, except for all the others, then capitalism is the worst form of economy, except for all the other. it is important not to miss the dialectical trick in that, it is a way of saying we are the worst, but only because we employ the strategies and tactics of all other systems without ever having to claim responsibility for the outcome.
Claims that capitalists are failing capitalism is a misunderstanding of the foundations and history of the system. Capitalism was always a scheme employed by the invisible hand of the state to manipulate and redirect the vision of the people elsewhere. One does not want to see the death piling up before them as that implicates them, so the state employs capitalist ideology to make people at once complicit and blind to their crimes.
https://muse.jhu.edu/journals/jewish_social_studies/v005/5.3avineri.html
The fed is a policy mistake thrust upon the American people and now the world in 1913.
It started in Jekyll Island, and will end once a bullet blows out a Federal Reserve window.
They really have fucked up this experimental world to shape progress, trust and development to kick start future endeavors.
Shame on them.
Up my FAFSA bitch.
Raise you a FACTA.
Link doesn't work. Just like the Federal Reserve illusion. Age verification by Jewtube.
I wonder when the Fed finally does go down in a blazing fireball of failure, if they will try and replace it with another debt ponzi scheme system or, if the treasury and congress will finally man-up and act as the monetary authority they were elected to.
Gold-Backed or Crypto currency backed by govt run computer algos is the only way.
The only threat with crypto is that foreign govts, may rush to subvert the cryptography (by out-hashing) (building faster computers than us) sparking a digital arms-race.
Gold-Backed currency has the flaw of "it has to be stored someplace" and that place usually endsup robbing you.
There is no bullet proof currency model, there are only bullet resistant currency models.
But anything is better than the toilet paper we are using now if you ask me, because this toilet paper couldn't even stop an Airsoft pellet, never mind a bullet.
If any rise were quickly replaced by a new and larger QE you will know they are readying the system for reboot.
They would print exponentially more money for the explicit reason of enabling themselves and their cronies to buy up all physical assets of value.
In fact...you could argue they've done exactly that for 7 years. The missing enabler is a viable, credible alternate entity to issue the new reserve in a reset.
They were readying one large enough to be credible in the role, and it blew up....again (Their 1980s candidate was Japan.)
No one believes in the IMF, or SDR.
Captain Kirk: Everything Harry tells you is a lie. Remember that. Everything Harry tells you is a lie.
Harcourt Fenton Mudd: Now listen to this carefully, Norman. I am... lying.
Norman: You say you are lying, but if everything you say is a lie, then you are telling the truth, but you cannot tell the truth because everything you say is a lie, but you lie... You tell the truth but you cannot for you lie... illogical! Illogical!
THE FED IS A HUGE MISTAKE!
Janet..I know that last night you paced back and forth...so many voices yellen in the wilderness about what action you should take..I know this recommendation is a little late...but maybe you could hold some town meetings and discuss your opinions and thoughts...wait...did you say that you don't have any thoughts on a course of action...but only options on the table...well take my breath away..cancel that recommendation... good luck Janet!
I received a B.A. degree in Economics in 1973.
Even though I was far from an excellent student way back then, I at least learned that even someone who staggered into class hung over each and every day would realize that eight years of ZIRP and continuous QE is not a proper way to conduct monetary policy in a truly functional economy.
Aw please, let me just have one more dig at the "PET PAPER" (make believe money) people Vs "PET ROCKS" (REAL MONEY) _JOHNLGALT.
Janet Yellen as a child?
Damn! The grahic from www.jsmineset.com showed up in "Preview", but not here!