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Guest Post: It's A Matter Of Trust - Part 1

Tyler Durden's picture




 

Submitted by Jim Quinn of The Burning Platform,

“All the world is made of faith, and trust, and pixie dust.” ? J.M. Barrie – Peter Pan

     

“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.”Lord Acton

Who do you trust? Do you trust the President? Do you trust Congress? Do you trust the Treasury Secretary? Do you trust the Federal Reserve? Do you trust the Supreme Court? Do you trust the Military Industrial Complex? Do you trust Wall Street bankers? Do you trust the SEC? Do you trust any government agency or regulator? Do you trust the corporate mainstream media? Do you trust Washington think tanks? Do you trust Madison Avenue PR maggots? Do you trust PACs? Do you trust lobbyists? Do you trust government unions? Do you trust the National Association of Realtors? Do you trust mega-corporation CEOs? Do you trust economists? Do you trust billionaires? Do you trust some anonymous blogger? You can’t even trust your parish priest or college football coach anymore. A civilized society cannot function without trust. The downward spiral of trust enveloping the world is destroying our global economy and will lead to collapse, chaos and bloodshed. The major blame for this crisis sits squarely on the shoulders of crony capitalists that rule our country, but the willful ignorance and lack of civic accountability from the general population has contributed to this impending calamity. Those in control won’t reveal the truth and the populace don’t want to know the truth – a match made in heaven – or hell.

“Most ignorance is vincible ignorance. We don’t know because we don’t want to know.” – Aldous Huxley

The fact that 86% of American adults have never heard of Jamie Dimon should suffice as proof regarding the all-encompassing level of ignorance in this country. As the world staggers under the unbearable weight of debt built up over decades, to fund a fantasyland dream of McMansions, luxury automobiles, iGadgets, 3D HDTVs, exotic vacations, bling, government provided pensions, free healthcare that makes us sicker, welfare for the needy and the greedy, free education that makes us dumber, and endless wars of choice, the realization that this debt financed Ponzi scheme was nothing but a handful of pixie dust sprinkled by corrupt politicians and criminal bankers across the globe is beginning to set in. A law abiding society that is supposed to be based on principles of free market capitalism must function in a lawful manner, with the participants being able to trust the parties they do business with. When trust in politicians, regulators, corporate leaders and bankers dissipates, anarchy, lawlessness, unscrupulous greed, looting, pillaging and eventually crisis and panic engulf the system.

Our myopic egocentric view of the world keeps most from seeing the truth. Our entire financial system has been corrupted and captured by a small cabal of rich, powerful, and prominent men. It is as it always has been. History is filled with previous episodes of debt fueled manias, initiated by bankers and politicians that led to booms, fraud, panic, and ultimately crashes. The vast swath of Americans has no interest in history, financial matters or anything that requires critical thinking skills. They are focused on the latest tweet from Kim Kardashian about her impending nuptials to Kanye West, the latest rumors about the next American Idol judge or the Twilight cheating scandal.

Bubble, Bubble, Toil & Trouble

Economist and historian Charles P. Kindleberger in his brilliant treatise Manias, Panics, and Crashes details the sordid history of unwitting delusional peasants being swindled by bankers and politicians throughout the ages. Human beings have proven time after time they do not act rationally, obliterating the economic teachings of our most prestigious business schools about rational expectations theory and efficient markets. The only thing efficient about our markets is the speed at which the sheep are butchered by the Wall Street slaughterhouse. If humanity was rational there would be no booms, no busts and no opportunity for the Corzines, Madoffs, and Dimons of the world to swindle the trusting multitudes. The collapse of a boom always reveals the frauds and swindlers. As the tide subsides, you find out who was swimming naked.

“The propensity to swindle grows parallel with the propensity to speculate during a boom… the implosion of an asset price bubble always leads to the discovery of frauds and swindles”Charles P. Kindleberger, economic historian

The historically challenged hubristic people of America always think their present-day circumstances are novel and unique to their realm, when history is wrought with similar manias, panics, crashes and criminality. Kindleberger details 38 previous financial crises since 1618 in his book, including:

  • The Dutch tulip bulb mania
  • The South Sea bubble
  • John Law Mississippi Company bubble
  • Banking crisis of 1837
  • Panic of 1857
  • Panic of 1873
  • Panic of 1907 – used as excuse for creation of Federal Reserve
  • Great Crash of 1929
  • Oil Shock of 1974-75
  • Asian Crisis of 1998

Kindleberger wrote his book in 1978 and had to update it three more times to capture the latest and greatest booms and busts. His last edition was published in 2000. He died in 2003. Sadly, he missed being able to document two of the biggest manias in history – the Internet bubble that burst in 2001 and the housing/debt bubble that continues to plague the world today. Every generation egotistically considered their crisis to be the worst of all-time as seen from quotes at the time:

  • 1837: “One of the most disastrous panics this nation ever experienced.”
  • 1857: “Crisis of 1857 the most severe that England or any other nations has ever encountered.”
  • 1873: “In 56 years, no such protracted crisis.”
  • 1929: “The greatest of speculative boom and collapse in modern times – since, in fact, the South Sea Bubble.”

Human beings have not changed over the centuries. We are a flawed species, prone to emotional outbursts, irrational behavior, alternately driven by greed and fear, with a dose of delusional thinking and always hoping for the best. These flaws will always reveal themselves because even though times change, human nature doesn’t. The cyclical nature of history is a reflection of our human foibles and flaws. The love of money, power, and status has been the driving force behind every boom and bust in history, as noted by historian Niall Ferguson.

“If the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and busts are products, at root, of our emotional volatility.” –  Niall Ferguson

Not only are our recent booms and busts not unique, but they have a common theme with all previous busts – greedy bankers, excessive debt, non-enforcement of regulations, corrupt public officials, rampant fraud, and unwitting dupes seeking easy riches. Those in the know use their connections and influence to capture the early profits during a boom, while working the masses into frenzy and providing the excessive leverage that ultimately leads to the inevitable collapse. As the bubble grows, rationality is thrown out the window and all manner of excuses and storylines are peddled to the gullible suckers to keep them buying. Nothing so emasculates your financial acumen as the sight of your next door neighbor or moronic brother-in-law getting rich. As long as all the participants believe the big lie, the bubble can inflate. As soon as doubt and mistrust enter the picture, someone calls a loan or refuses to be the greater fool, and panic ensues. This is when the curtain is pulled back on the malfeasance, frauds, deceptions and scams committed by those who engineered the boom to their advantage. As Kindleberger notes, every boom ends in the same way.

“What matters to us is the revelation of the swindle, fraud, or defalcation. This makes known to the world that things have not been as they should have been, that it is time to stop and see how they truly are. The making known of malfeasance, whether by the arrest or surrender of the miscreant, or by one of those other forms of confession, flight or suicide, is important as a signal that the euphoria has been overdone. The stage of overtrading may well come to an end. The curtain rises on revulsion, and perhaps discredit.” – Charles P. Kindleberger – Manias, Panics, and Crashes

When mainstream economists examine bubbles, manias and crashes they generally concentrate on short-term bubbles that last a few years. But some bubbles go on for decades and some busts have lasted for a century. The largest bubble in world history continues to inflate at a rate of $3.8 billion per day and has now expanded to epic bubble proportions of $15.92 trillion, up from $9.65 trillion in September 2008 when this current Wall Street manufactured crisis struck. A 65% increase in the National Debt in less than four years can certainly be classified as a bubble. We are currently in the mania blow off phase of this bubble, but it began to inflate forty years ago when Nixon closed the gold window. This unleashed the two headed monster of politicians buying votes with promises of unlimited entitlements for the many, tax breaks for the connected few and pork projects funneled to cronies, all funded through the issuance of an unlimited supply of fiat currency by a secretive cabal of central bankers running a private bank for the benefit of other bankers and their politician puppets. Crony capitalism began to hit its stride after 1971.

The apologists for the status quo, which include the corporate mainstream media, intellectually dishonest economist clowns like Krugman, Kudlow, Leisman, and Yun, ideologically dishonest think tanks funded by billionaires, and corrupt politicians of both stripes, peddle the storyline that a national debt of 102% of GDP, up from 57% in 2000, is not a threat to our future prosperity, unborn generations or the very continuance of our economic system. They use the current historically low interest rates as proof this Himalayan Mountain of debt is not a problem. Of course it is a matter of trust and faith in the ability of a few ultra-wealthy, sociopathic, Ivy League educated egomaniacs that their brilliance and deep understanding of economics that will see us through this little rough patch. The wisdom and brilliance of Ben Bernanke is unquestioned. Just because he missed a three standard deviation bubble in housing and didn’t even foresee a recession during 2008, doesn’t mean his zero interest rate/screw grandma policy won’t work this time. It’s done wonders for Wall Street bonus payouts.

The growth of this debt bubble is unsustainable, as it is on track to breach $20 trillion in 2015. The only thing keeping interest rates low is coordinated manipulation by Ben and his fellow sociopathic central bankers, the insolvent too big to fail banks using derivative weapons of mass destruction, and politicians desperately attempting to keep the worldwide debt Ponzi scheme from imploding on their watch. Their “solution” is to kick the can down the road. But there is a slight problem. The road eventually ends.

At some point a grain of sand will descend upon a finger of instability in the sand pile and cause a collapse. No one knows which grain of sand will trigger the crisis of confidence and loss of trust. But with a system run by thieves, miscreants, and scoundrels, one of these villains will do something dastardly and the collapse will ensue. Ponzi schemes can only be sustained as long as there are enough new victims to keep it going. As soon as uncertainty, suspicion, fear and rational thinking enter the equation, the gig is up. Kindleberger lays out the standard scenario, as it has happened numerous times throughout history.

“Causa remota of the crisis is speculation and extended credit; causa proxima is some incident that snaps the confidence of the system, makes people think of the dangers of failure, and leads them to move from commodities, stocks, real estate, bills of exchange, promissory notes, foreign exchange – whatever it may be – back into cash. In itself, causa proxima may be trivial: a bankruptcy, suicide, a flight, a revelation, a refusal of credit to some borrower, some change of view that leads a significant actor to unload. Prices fall. Expectations are reversed. The movement picks up speed. To the extent that speculators are leveraged with borrowed money, the decline in prices leads to further calls on them for margin or cash and to further liquidation. As prices fall further, bank loans turn sour, and one or more mercantile houses, banks, discount houses, or brokerages fail. The credit system itself appears shaky, and the race for liquidity is on.” – Charles P. Kindleberger – Manias, Panics, and Crashes

Despite centuries of proof that human nature will never change, there are always people (usually highly educated) who think they are smart enough to fix the markets when they breakdown and create institutions, regulations and mechanisms that will prevent manias, panics and crashes. These people inevitably end up in government, central banks and regulatory agencies. Their huge egos and desire to be seen as saviors lead to ideas that exacerbate the booms, create the panic and prolong the crashes. They refuse to believe the world is too complex, interconnected and unpredictable for their imagined ideas of controlling the levers of economic markets to have a chance of success. The reality is that an accident may precipitate a crisis, but so may action designed to prevent a crisis or action by these masters of the universe taken in pursuit of other objectives. Examining the historical record of booms and busts yields some basic truths. The boom and bust business cycle is the inevitable consequence of excessive growth in bank credit, exacerbated by inherently damaging and ineffective central bank policies, which cause interest rates to remain too low for too long, resulting in excessive credit creation, speculative economic bubbles and lowered savings.

Low interest rates tend to stimulate borrowing from the banking system. This expansion of credit causes an expansion of the supply of money through the money creation process in our fractional reserve banking system. This leads to an unsustainable credit-sourced boom during which the artificially stimulated borrowing seeks out diminishing investment opportunities. The easy credit issued to non-credit worthy borrowers results in widespread mal-investments and fraud. A credit crunch leading to a bust occurs when exponential credit creation cannot be sustained. Then the money supply suddenly and sharply contracts as fear and loathing of debt replace greed and worship of debt. In theory, markets should clear through liquidation of bad debts, bankruptcy of over-indebted companies and the failure of banks that made bad loans. Sanity is restored to the marketplace through failure, allowing resources to be reallocated back towards more efficient uses. The housing boom and bust from 2000 through today perfectly illustrates this process. Of course, Bernanke declared housing to be on solid footing in 2007.

The housing market has not been allowed to clear, as Bernanke has artificially kept interest rates low, government programs have created false demand, and bankers have shifted their bad loans onto the backs of the American taxpayer while using fraudulent accounting to pretend they are solvent. Our owners are frantically attempting to re-inflate the bubble, just as they did in 2003. Our deepest thinkers, like Greenspan, Krugman, Bush, Dodd, and Frank knew we needed a new bubble after the Internet bubble blew up in their faces and did everything in their considerable power to create the first housing bubble. If at first you don’t succeed, try, try again.

Human nature hasn’t changed in centuries. We have faith that humanity has progressed, but the facts prove otherwise. We are a species susceptible to the passions of power, greed, delusion, and an inflated sense of our own intellectual superiority. And we still like to kill each other in the name of country and honor. There is nothing progressive about crashing the worldwide economic system and invading countries for “our” oil.

History has taught that there will forever be manias, bubbles and the subsequent busts, but how those in power deal with these episodes has been and will be the determining factor in the future of our economic system and country.

Humanity is deeply flawed; the average human life is around 80 years; men of stature, wealth, over-confidence in their superior intellect, and egotistical desire to leave their mark on history, always rise to power in government and the business world; this is why history follows a cyclical path and the myth of human progress is just a fallacy.

“That men do not learn very much from the lessons of history is the most important of all the lessons that History has to teach” – Aldous Huxley

In Part 2 of this three part series I will examine the one hundred year experiment of trusting a small cabal of non-elected bankers to manage and guide our economic system for the benefit of the American people.

 

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Mon, 08/06/2012 - 01:13 | 2680931 jcia
jcia's picture

When the trust is gone.

I won't be able to give my key to the valet guy.

:(

Mon, 08/06/2012 - 02:59 | 2681011 1000pips
1000pips's picture

No one knows anything.

Mon, 08/06/2012 - 03:43 | 2681030 AldousHuxley
AldousHuxley's picture

http://www.youtube.com/watch?v=fG42qemDtKE

see how political machine operates.

Mr. Smith went to Washington in 1939. washington is still the same today. same in all other countries too not just US.

 

elites control police (force), politicians (state power), and media (public opinion), so nobody rocks their boat to keep the game as long as they can....

 

only intervention is education of the masses which leads to bloody revolutions and occasional lucky black swan events to change the power brokers. other than that only hope for the masses is mother nature (greed blowing themselves up, death, random events)

Mon, 08/06/2012 - 07:06 | 2681116 Snidley Whipsnae
Snidley Whipsnae's picture

Edward Bernays knew something... He knew, based on his uncle Sigmund Freud's research and critical thinking, that people act on emotion, NOT rational thinking.

One point that is overlooked in almost all of these 'people should use critical thinking when acting' articles... Those that are perpetuating the fraud are, for the most part, also acting on emotion; not critical thinking. The 'evil schemers' are just as greedy, and simple minded, as those sheep that pile into the Ponzi scheme with the hope of getting rich quick.

Many times the 'evil schemers' are no more intelligent than the average used car salesman and certainly no more intelligent than those being fleeced... and, that is really what pisses off the sheep... the discovery that they have been fleeced by someone of average intelligence but an inate desire to become rich at any cost. That really gets the fingers pointing in all directions! ... excepting at the fool looking back in the mirror.

When reading revisionist history we have one basic tenent that allows us to determine if what we are reading is revisionist history or, perhaps, what really happened; does what we are reading pass the 'HUMAN NATURE SMELL TEST'?

Mon, 08/06/2012 - 12:30 | 2681924 earleflorida
earleflorida's picture

Funny, how all roads still lead to Rome [Keynes and the Vatican]?

'first comes `the Appian Way' paving the way for the Renaissance that progenerates `the Machiavellian Way' which after a few posited centuries of celebrated `Enlightenment', creates for the world a symbiotic anomaly...`the Keynesianism-Ponzism Syndrome' which seems to have finally run its course?'

Great read per usual Mr. Quinn  :-))

Mon, 08/06/2012 - 03:00 | 2681012 1000pips
1000pips's picture

No one knows anything.

Mon, 08/06/2012 - 04:01 | 2681042 CrockettAlmanac.com
CrockettAlmanac.com's picture

Then you can't know that no one knows anything.

Mon, 08/06/2012 - 02:59 | 2681013 1000pips
1000pips's picture

No one knows anything.

Mon, 08/06/2012 - 05:24 | 2681084 UP Forester
Mon, 08/06/2012 - 07:17 | 2681130 ArgentoFisico
ArgentoFisico's picture

I know silver is not in a bubble ... do I?

Mon, 08/06/2012 - 03:02 | 2681014 Duke of Con Dao
Duke of Con Dao's picture

John Hughes, you've got to be kidding?

Mon, 08/06/2012 - 03:13 | 2681020 CrockettAlmanac.com
CrockettAlmanac.com's picture

Oh, he's very popular Ed. The sportos, the motorheads, geeks, sluts, bloods, wastoids, dweebies, dickheads - they all adore him. They think he's a righteous dude.

Mon, 08/06/2012 - 09:17 | 2681360 Red Heeler
Red Heeler's picture

You shouldn't trust him now: http://www.youtube.com/watch?v=gWw8pB2p6Jw

Mon, 08/06/2012 - 01:31 | 2680938 DavidPierre
DavidPierre's picture

Most certainly it is 'A Matter of Trust'.

9/11 Is the Litmus Test

http://www.youtube.com/watch?v=AVY-iQDO8pg

SmokeyQuinn fails!

Just another Hypocrite and a Fool.

Mon, 08/06/2012 - 01:35 | 2680945 Nikao7
Nikao7's picture

Yes DP it's fucking amazing that any critical thinker can come to any other concllusion than 9/11 being an inside job with the Mossad being the tip of the spear.

Mon, 08/06/2012 - 01:58 | 2680959 CrockettAlmanac.com
CrockettAlmanac.com's picture

What about Ron Paul?

 

“TAPPER: One of your former close aides recently said that you, quote, ‘engaged in conspiracy theories, including perhaps the 9/11 attacks were coordinated with the CIA, and that the Bush administration might have known about the attacks ahead of time.’  So have you ever expressed in front of anyone…

PAUL:  Now, wait, wait, wait, wait.  Don’t — don’t go any further on that.  That’s complete nonsense.

TAPPER:  It’s nonsense?

PAUL:  Just stop that.

TAPPER:  Not true?

PAUL:  Yeah, no.  I did not — I never bought into that stuff.  I never talked about it.

TAPPER:  OK.

PAUL:  About the conspiracy of Bush — of Bush knowing about this?  No, no, come on.  Come on.  Let’s be reasonable.

TAPPER:  OK.

PAUL:  That’s just off-the-wall.”

 

http://www.theblaze.com/stories/ron-paul-forcefully-denies-ever-supporti...

Mon, 08/06/2012 - 02:14 | 2680971 DavidPierre
DavidPierre's picture

So what!

Paul is just another politician who tap dances around the Truth while on camera.

9/11 Reality@

http://www.ae911truth.org/

 

Mon, 08/06/2012 - 05:03 | 2681074 jeff montanye
jeff montanye's picture

imo paul, being at the fringes of power himself, can afford to allow himself some measures of truth (the war on drugs is lost at the start, israel is not in the interests of the u.s., endless war is futile and destructive) but not all measures (9-11 may well have been an inside job on many levels, the u.s. government holds its people in utter contempt, indeed consumes and destroys them for its and its corporate masters' sustenance and amusement, etc.).  

absolutes are rarer in reality than in the minds of men, imo.

Mon, 08/06/2012 - 02:06 | 2680967 DavidPierre
DavidPierre's picture

 

 

Quinn's ignorance is vincible ignorance.  He doesn't know shit about 9/11 Truth because he does not want to know.

He does not learn history and the most important lessons that history has to teach and has an inflated sense of his own intellectual superiority and an over whelming egotistical desire to leave his mark in the blog-o-sphere.

For SmokeyQuinn Ignorance Is Strength.

http://www.youtube.com/watch?v=yuC_4mGTs98&feature=player_embedded

 


Mon, 08/06/2012 - 02:13 | 2680970 CrockettAlmanac.com
CrockettAlmanac.com's picture

It seems to me that those who demand that others pass an intellectual "litmus test" based on evidence which is ambiguous at best are those who have fallen victim to a mistaken sense of intellectual superiority.

Mon, 08/06/2012 - 02:23 | 2680975 DavidPierre
DavidPierre's picture

It seems to me that you have learned nothing over the past few years and still clutter ZH comments with inanities.

Mon, 08/06/2012 - 02:38 | 2680984 CrockettAlmanac.com
CrockettAlmanac.com's picture

And spamming multiple threads with comments like the author is "Just another Hypocrite and a Fool," because he isn't a Truther does not constitute "cluttering ZH comments with inanities?"

Mon, 08/06/2012 - 06:46 | 2681107 Tinky
Tinky's picture

Actually, it's an ignorant use of a red herring – at best. It would be like arguing that Chris Hedges isn't worth listening to at all because he retains some belief in Christianity.

 

 

Mon, 08/06/2012 - 10:02 | 2681485 GMadScientist
GMadScientist's picture

But enough about goldbugs. ;)

Mon, 08/06/2012 - 11:29 | 2681766 Nikao7
Nikao7's picture

“Most ignorance is vincible ignorance. We don’t know because we don’t want to know.” – Aldous Huxley

The following is one of just many pieces that spell bull shit.  It's one of my favorites to bring up.

How did the passport of a supposed hi jacker make it out of the flaming plane / building and land on the ground below only to be found by authorities???  In pristine condition no less.


 

Mon, 08/06/2012 - 01:39 | 2680947 francis_sawyer
francis_sawyer's picture

 "The downward spiral of trust enveloping the world is destroying our global economy and will lead to collapse, chaos and bloodshed. The major blame for this crisis sits squarely on the shoulders of crony capitalists that rule our country, but the willful ignorance and lack of civic accountability from the general population has contributed to this impending calamity. Those in control won’t reveal the truth and the populace don’t want to know the truth – a match made in heaven – or hell."

There go those ad hoc crony capitalists (that miraculously came together in time & space) gettin' named again... They'd better start learning how to keep their hands out of the cookie jar or someone might UNFRIEND them...

Mon, 08/06/2012 - 01:51 | 2680951 otto skorzeny
otto skorzeny's picture

"Matter of Trust" was not one of Billy Joel's better songs- but then again they all suck.

Mon, 08/06/2012 - 01:55 | 2680955 three chord sloth
three chord sloth's picture

The problem can be summed up in one word: BIG. Big Business, Big Finance, Big Government, Big Education, Big Media... it's all the same. Big puts itself first. Big steamrolls small. Big grows indifferent to those it was created to serve... no matter who created it, or why it was created, or who runs it. It is the nature of Big to be this way... the flaw is expecting it to be different.

Mon, 08/06/2012 - 02:04 | 2680965 CrockettAlmanac.com
CrockettAlmanac.com's picture

The problem can be summed up in one word: GOVERNMENT. Individual freedom depends on personal vigilance. One throws away one's freedom, economic and otherwise, when one comes to depend upon the operators of a protection racket.

Mon, 08/06/2012 - 02:38 | 2680989 AnAnonymous
AnAnonymous's picture

The problem can be summed up in one word: BIG. Big Business, Big Finance, Big Government, Big Education, Big Media... it's all the same.

_____________________

Big theft. Stealing continents. US citizen middle class.

Mon, 08/06/2012 - 03:02 | 2681015 AnAnonymous
AnAnonymous's picture

Indeed. While US citizens are fond of depicting themselves as innovative, they fail to be when it comes to their propaganda and fantasy.

One has to repeat the same thing over and over again due to the US citizen lack of creativity and acknowledgement of basic reality.

Mon, 08/06/2012 - 03:28 | 2681024 CrockettAlmanac.com
CrockettAlmanac.com's picture

The irony flows on unabated and yet remains unobserved by our Chinese friend.

Mon, 08/06/2012 - 05:04 | 2681075 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous, pecksniffian bloviator and sanctimonious popinjay, resorts again to the same melange of lies, propaganda, and fantasy:

One has to repeat the same thing over and over again due to the US citizen lack of creativity and acknowledgement of basic reality.

In this case, the "one" that has to repeat the same thing over and over is AnAnonymous. You'll notice here that he has again resorted to psychological projection onto "US citizenism". This artificial construct is something he has created specifically as a target toward which he projects his own flaws, shortcomings, and dishonorable motives.

Notice here how, unable to deal with his own lack of creativity after repeating the same idiocy ad nauseam, he feels compelled to project it onto his "US citizenism" fantasy.

Another item of interest is his projection of his own inability or refusal to acknowledge basic reality. His need to project this away from him in this instance is probably related to the shame he feels as a result of running away from this comment thread over the weekend:

http://www.zerohedge.com/contributed/2012-08-03/should-we-arrest-dc-poli...

One observes the same pattern repeatedly. He projects his own inadequacies onto "US citizenism", denies reality, and, if irrefutably challenged, declares victory and flees. Due to his heavy reliance on such primitive defense mechanisms, his prognosis is not optimistic. It is unlikely that he will recognize that he has a problem, thus he will never seek help for his mental disorder.

Mon, 08/06/2012 - 02:02 | 2680957 Ignatius
Ignatius's picture

Just watched a livestream of the successful touchdown of the Mars Rover.  Got that warm fuzzy I felt as a kid when Apollo landed on the moon.  That's the America I grew up with:  the big reach, common sense solutions and engineering prowess.

Now we got ass-raping banksters and meglomaniac war mongers.  No lesson learned from Vietnam other than control of the 'message' (read: better lies and obfuscation of intent).  We've allowed ourselves to become and called "consumers" rather than citizens with well defined rights and responsibilities. 

I see a politician and I want to puke.

Someone say something about a 'loss a confidence'?  Indeed.

Oh, and the livestream came through 5 by 5 even on my older machine.  Youtube?  Those corporate fucks are so busy goin through your online pockets to worry about delivering uncensored, solid and seamless content.

Mon, 08/06/2012 - 02:07 | 2680969 otto skorzeny
otto skorzeny's picture

that was actually recreated on same soundstage as US moon landings. keep working your ass off to pay taxes to support massive worthless govt bureaucracies like NASA and ignore the ballooning debt. in the meantime millions of children in US go to bed hungry while we send billions to Israel so they can get cradle-to-grave health care

Mon, 08/06/2012 - 02:21 | 2680973 CrockettAlmanac.com
CrockettAlmanac.com's picture

The Russians would certainly have had access to evidence that the US had not landed on the moon if that was the case. They spent billions trying to undermine US credibility but they never said a word about a faked lunar mission. Why would the Russians fail to avail themselves of the major coup such a revelation would bring?

Mon, 08/06/2012 - 04:15 | 2681049 Bringin It
Bringin It's picture

Can't someone with a really good telescope zoom in on the landing sites and see the lower half of the lunar lander, footprints, eventually tire tread, etc?

Mon, 08/06/2012 - 07:56 | 2681181 Help Is Not Coming
Help Is Not Coming's picture

Well, probably not from earth, but definitely from lunar orbit. The Indian's Chandrayaan lunar orbiter sent back images of the Apollo 15 landing site.

http://articles.timesofindia.indiatimes.com/2009-09-02/india/28083351_1_...

 

Just google it:

http://www.google.com/search?q=Indian+moon+mission+apollo+landing+site&i...

Mon, 08/06/2012 - 07:34 | 2681155 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

that was actually recreated on same soundstage as US moon landings.

Yes, the soundstage built in 1969 with advanced holographic special effect space technology given to the US earth government by the saucer men, alien collaborators from Planet X, as part of their mission to stamp out the spread of Martian Marxism, Betelgeusian Bolshevism, and Pan-Galactic Communism.

keep working your ass off to pay taxes to support massive worthless govt bureaucracies like NASA and ignore the ballooning debt.

The budget of NASA is a spit in the ocean compared to the massive amount the US government spends on killing people abroad and protecting the "homeland" from its inhabitants.

If you want to discuss matters involving Israel and the United States, please do so. There are plenty of real problems, especially concerning US foreign policy, that are the result of the Special Relationship® between the United States and Israel.

Bringing up NASA's shrinking budget and the fake moon landing meme in the context of foreign aid, most of which is military, doesn't just discredit yourself. It also tends to lump together as a part of the moon rock crowd those who question US policy on Israel and seek legitimate debate. That's not your goal, is it?

Mon, 08/06/2012 - 02:51 | 2681007 LeisureSmith
LeisureSmith's picture

I saw it too. Watching the pressconference now, high fives galore and the biggest boastfest i have ever seen. Great achievement, but holser that cock and keep your pants on. And yeah...John Holdren is a douche.

Mon, 08/06/2012 - 04:51 | 2681067 old naughty
old naughty's picture

"Just watched a livestream of the successful touchdown of the Mars Rover. "

We migrated from there:  http://www.alienshift.com/id20.html

Move on. Nothing to see. Except evidence of our fuxk-up.

Mon, 08/06/2012 - 02:20 | 2680964 malek
malek's picture

 The major blame for this crisis sits squarely on the shoulders of crony capitalists that rule our country, but the willful ignorance and lack of civic accountability from the general population has contributed to this impending calamity.

Reality is, it's just the other way 'round.
Crony capitalists and crooks of all kind would never have gotten so far, without the preceding breakdown of responsibility and accountability in the general population.

Otherwise, you're article is right on target!!

Mon, 08/06/2012 - 04:20 | 2681052 Bringin It
Bringin It's picture

The Cronistas had to break down sources of potential opposition in order to sieze power.  So you get things like Travistock, Hollywood, MSM, PC-Talk and now it's sheep shearin' time.

Mon, 08/06/2012 - 06:07 | 2681092 Acet
Acet's picture

The whole article is based on the experience from a specific society, namelly the US (and up to a point, the UK, which copied the bad things from American culture and then mixed it with the local social hypocrisy).

In each country there is a huge cultural component in things like how much each individual takes in account everybody else around them when making a decision. These different cultural components that mold the behaviour of each individual then add up to the society-wide levels of honesty, long-term-vs-short-term planning and trust. For example, from my personal experience (of having lived there):

  • In Holland, it's very important to be "social". If you take an action without taking others into account you are considered "asocial", which is a strong insult in Dutch. Unsurprisingly, the Dutch are know for being organized and honest.
  • In Portugal, there is a lot less concern with society at large. In fact in some ways one is expected to take advantage of the system if one has a chance. However, people tend to be much more aware of how their actions affect individuals they know directly: people tend to be very open in sharing their internal mental and emotional state with others and in general there is a tendency for people to be warm and caring and try to help each other out. The Portuguese are thus known as very friendly and hospitable, though a bit corrupt and not very organized.
  • In England there is this whole cultural british politeness which goes far beyond the "good manners" into the domain of things like never saying anything critical, giving undeserved compliments, faking satisfaction, giving unfelt apologies and other fake expressions. In general it's all about appearances. The result is that everything here is about short-term effects, about appearances (customer service is pretty much "fuck your customer with a smile") and politics is all about bald-faced, obvious lies delivered with elegance. Unsurprisingly, England is almost as corrupt as Portugal, but here it's all about "gentlemans' agreements".

So my point is that the characteristics of the fall will differ from country to country and be shaped by each the cultural characteristics of each country's society.

 

Mon, 08/06/2012 - 07:17 | 2681110 Tinky
Tinky's picture

Good points, and I agree with your main thrust. The reason that the inexorable crash will be so very unpleasant in the U.S. is that the vast majority of the population is spectacularly unprepared for what is to come. This is due, in large part, to their gross over-reliance on the mainstream media for information, and partly due to the fact that, in striking contrast to Europe (for example), there is no institutional memory of truly hard times, nor of the occasional need for, and mechanics of revolutions.

Mon, 08/06/2012 - 08:01 | 2681191 NidStyles
NidStyles's picture

Sounds like idealistic bullshit to me.

Mon, 08/06/2012 - 11:11 | 2681712 Omen IV
Omen IV's picture

this would be a excellent subject for a book for someone who knows the nuance differences between these countries - great prep for international business or just living abroad - do you know of such a book?

Mon, 08/06/2012 - 02:06 | 2680966 ClassicCommodity
ClassicCommodity's picture

Humanity is broken. humanity is disapointing. History shows us that we can't manage ourselves for sh*t. It's instinctual to lack altruism to all but those genetically related to you. Ie - unless you're family, you get disregarded or cheated unless there is a direct mutual exchange.

Bring on the cleansing. 

 

 

Mon, 08/06/2012 - 02:15 | 2680972 three chord sloth
three chord sloth's picture

Learn to swim.

Mon, 08/06/2012 - 02:27 | 2680979 AnAnonymous
AnAnonymous's picture

Humanity is broken. humanity is disapointing. History shows us that we can't manage ourselves for sh*t. It's instinctual to lack altruism to all but those genetically related to you. Ie - unless you're family, you get disregarded or cheated unless there is a direct mutual exchange.

Bring on the cleansing.
__________________

Yeah, yeah, human nature is bad... Well known song sung by US citizens to hide the core issue: US citizenism.

Mon, 08/06/2012 - 05:07 | 2681079 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Yeah, yeah, human nature is bad... Well known song sung by US citizens to hide the core issue: US citizenism.

You know the tune by heart, as it is the one you sing to run away and hide from your own inadequacies.

Mon, 08/06/2012 - 02:32 | 2680981 CrockettAlmanac.com
CrockettAlmanac.com's picture

 

It's instinctual to lack altruism to all but those genetically related to you.

 

Are you suggesting that arbitrarily giving away your children's bread to strangers would make the world a better place? Must I conclude that it's selfish if I feed myself so I will feed Joe and Joe will feed Sally and Sally will feed Ramon and Ramon will feed Mildred.... Such a system has no logic or merit behind it as it can only waste resources and leave everyone poorer.

 

unless you're family, you get disregarded or cheated unless there is a direct mutual exchange.

 

If you feel that you are being cheated then make your deal with other parties. If you have money in your pocket and the only way you will part with it is if you can make a reasonable deal which satisfies you then those who want your money have no choice but to deal with you reasonably or leave the money on the table.

Mon, 08/06/2012 - 02:45 | 2681001 ClassicCommodity
ClassicCommodity's picture

The answer is that there is no answer. Ideally we'd all be under some futuristic hybrid socialist society where energy is free (and thus food + water), technology raises us and we'd spend our days pursuing art and music. We'd still fuck i up though. 

It just makes it easier for me to look after only myself and those close to me when SHTF. Knowing how disgusting the human race is makes it much easier for me to protect my own and forget the rest.

Mon, 08/06/2012 - 02:48 | 2681005 CrockettAlmanac.com
CrockettAlmanac.com's picture

The human race is not particularly disgusting. It just can't measure up to the fairly tale society which your propensity for magical thinking has made you come to expect.

Mon, 08/06/2012 - 03:02 | 2681017 ClassicCommodity
ClassicCommodity's picture

I'm being completely factual/objective in my sprevious statement/s.

I can't list many positive actions carried out by the human race that were altrusitic and not driven by thing such as money, power, sex or fame or self-fulfillment. People in most cases do good things because they want something in return.

Mon, 08/06/2012 - 03:24 | 2681022 CrockettAlmanac.com
CrockettAlmanac.com's picture

Everything you have at your fingertips which cavemen did not possess and which make it possible for people to live longer and happier lives has been brought to you by the desire of some individuals to make a profit by using their skills to produce things which people want and need. On the other hand the majority of destruction has been undertaken by those who claimed to be following a master plan for the so called common good.

It is unnatural and therefore perverse by definition to believe that goodness can only arise when one expends one's time and energy not for one's own benefit or the benefit of one's family but rather for the benefit of strangers. If it's true that blind altruism is the only means to achieve a satisfactory outcome then send me all your money and all your dreams will be fulfilled.

Mon, 08/06/2012 - 08:04 | 2681198 NidStyles
NidStyles's picture

Altruism is a lie, that is why you can't think of any instances of it.

Mon, 08/06/2012 - 21:41 | 2683463 Anusocracy
Anusocracy's picture

You are right.

Mon, 08/06/2012 - 04:50 | 2681066 writingsonthewall
writingsonthewall's picture

You have issues - I don't see the same humans you describe - where the hell do you live?

 

Like most people - I suspect you're projecting your own self interested views onto others - expecting everyone else to be as selfish as yourself.

 

Well they aren't...

 

If you did give your bread to others - then you may indiviudally be 'poorer' but society as a whole wil be richer as a result of your generosity.

 

Clearly you do not value anything which you cannot see a price ticket on. I woudl happily share my bread to make sure that I don't need security to protect my 'things' - because in an egalitarian society - there is no point stealing from others as it will be obvious to all who is the thief!

 

Unlike capitalism where the thieves can claim "they earned it".

Mon, 08/06/2012 - 07:42 | 2681160 TheFourthStooge-ing
TheFourthStooge-ing's picture

writingsonthewall said:

I woudl happily share my bread to make sure that I don't need security to protect my 'things'

So where has your altruism disappeared to now? That sounds like a selfish motivation to me. Clearly you do not value anything which you cannot see a price ticket on.

Mon, 08/06/2012 - 04:03 | 2681045 A Nanny Moose
A Nanny Moose's picture

Knowing how disgusting the human race is makes it much easier for me to protect my own and forget the rest.

Sir, are you classified as human? Humans disgust you, therefore you are going to behave like a disgusting human, until the rest of humanity shapes up. Seek professional help in order that you might overcome your self loathing. Your comment say

Mon, 08/06/2012 - 04:24 | 2681055 Bringin It
Bringin It's picture

Tell him he's projecting his inner conflicts and turmoil onto his perceived world around him.

Mon, 08/06/2012 - 03:33 | 2681026 glide21
glide21's picture

Not your children's bread but a compassionate society for your sake and the sake of your family. A society where you won't be killed for that same piece of bread. Back to basic interests, unless you want to protect your piece of bread with nuclear weapons, yada.

 

Mon, 08/06/2012 - 03:58 | 2681039 CrockettAlmanac.com
CrockettAlmanac.com's picture

Realizing the necessity of taking care of oneself and one's family first and foremost is not mutually exclusive with being compassionate to others.

Blind altruism negates compassion as compassion depends on a sympathetic connection between he who is being helped and he who does the helping. That's why it feels good to drop a few dollars in the jar to help a little girl with leukemia but it doesn't feel good to have to pay taxes even though we're told that some of the money goes to someone somewhere who has some kind of need.

Mon, 08/06/2012 - 08:46 | 2681279 glide21
glide21's picture

Compassion is an independent statement/mode of being requiring no reciprocity. As St Augustine pointed out "charity is no substitute for justice withheld". Feel good, not feel good, only one word to differentiate the 2, sounds wasteful. 

Mon, 08/06/2012 - 02:25 | 2680977 analyzer_66
analyzer_66's picture

'Cause I'm praying for mayhem;
I'm praying for tidal waves

Mon, 08/06/2012 - 02:34 | 2680982 AnAnonymous
AnAnonymous's picture

Human beings have not changed over the centuries. We are a flawed species, prone to emotional outbursts, irrational behavior, alternately driven by greed and fear, with a dose of delusional thinking and always hoping for the best. These flaws will always reveal themselves because even though times change, human nature doesn’t.

____________________________________
•The Dutch tulip bulb mania
•The South Sea bubble
•John Law Mississippi Company bubble
•Banking crisis of 1837
•Panic of 1857
•Panic of 1873
•Panic of 1907 – used as excuse for creation of Federal Reserve
•Great Crash of 1929
•Oil Shock of 1974-75
•Asian Crisis of 1998
----------------------------------------------

'Americans' denying their own existence. 'Americans' equating themselves with humanity. How typical.

Quite a number of crisis happened with US citizens while a few others happened with 'American' nature slowly emerging as to become the new paradigm to impose of the world.

US citizen nature is eternal. And that includes substituting 'Americans' with "human beings" anytime it allows 'Americans' to shift the blame, dilute their responsibility.

Mon, 08/06/2012 - 04:41 | 2681064 writingsonthewall
writingsonthewall's picture

Human beings have not changed over the centuries. We are a flawed species, prone to emotional outbursts, irrational behavior, alternately driven by greed and fear

 

So pray tell - why is it a good idea to operate a system which actively encourages these traits?

Capitalism is based on GREED - the GREEDY are successful capitalists (as it's all about accumulation of capital)

 

Despite the denials by the pricks who talk of 'considerate capitalism' and 'socially responsible capitalism' - this is illogical nonsense.

 

...a bit like the way you try to define 'crony capitalism' because you fail to recognise that the current situation is merely the next stage of capitlaism.

 

Once the capitalists have gained enough capital (their objective) they can use MONOPOLY power to exploit further and gain more. It's only the natural progession of capitalism - unless you are going to contradict it and ask for Governments to step in with 'laws' preventing the abuse of monopoly power (good luck schmuck)

 

Anyone who didn't see this coming is a true idiot.

Mon, 08/06/2012 - 22:09 | 2683512 Anusocracy
Anusocracy's picture

So you are willing to give power to the lowest form of human life-the psychopaths that make up government? The entire world economy is run by government for government.

You're the idiot, idiot.

Mon, 08/06/2012 - 05:11 | 2681082 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous nature is eternal. And that includes substituting 'AnAnonymous' with "US citizens" anytime it allows 'AnAnonymous' to shift the blame, dilute his responsibility.

Mon, 08/06/2012 - 02:37 | 2680986 AnAnonymous
AnAnonymous's picture

More about crony capitalism.

US citizens cant define it and especially underline how crony capitalism is supposed to be different from communauty spirit, as promoted by 'Americans'

Crony capitalism: the perception developed when 'Americans' find themselves no longer to be the recipients of the 'American' communauty spirit.

'America' is a big club and they are no longer part of it.

Mon, 08/06/2012 - 04:29 | 2681054 Mad Cow
Mad Cow's picture

The formed theology gins a drivel. An example creates a projected unconscious past a background and the strange narrative stretches opposite the cynical flipperflapper.

Plop!

Mon, 08/06/2012 - 04:31 | 2681056 Skateboarder
Skateboarder's picture

I love your prose.

Mon, 08/06/2012 - 09:57 | 2681469 GMadScientist
GMadScientist's picture

The spongiform encephaloid has been sitting in Plato's cave for too long. Wait a few and your eyes will adjust.

 

Mon, 08/06/2012 - 03:02 | 2681016 tsuki
tsuki's picture

Where did the 86% number come from?  I have tried to find the poll, but all I find are references to the 86%. 

Mon, 08/06/2012 - 04:18 | 2681051 Skateboarder
Skateboarder's picture

Someone at some point pulled it out of their arse with decent intentions in signifying the concept that most people haven't heard of the fool. Since then, others have taken the number to be truth. It might as well be true though - I can guarantee that no one in my family or friends have heard of the name. A pity...

By the way, 92% of statistics are made up by 3% of the population, 84% of it on the spot.

Mon, 08/06/2012 - 03:10 | 2681018 Duke of Con Dao
Duke of Con Dao's picture

http://www.youtube.com/watch?v=9nAhnhJgPPo

You didn't build that Monster, Victor...

...

enjoy... new one on the way soon. 

ok, one more...

"You didn't build that Nazi Party. Someone else Bill Koch-ed it up for you."

https://www.youtube.com/watch?v=qeBkIt_NPXc

goodnight, el Dukerino

Mon, 08/06/2012 - 03:28 | 2681025 glide21
glide21's picture

Welcome to the world of smoke and mirrors, identified thousands of years ago by the likes of Plato and the Buddha. A world of pure illusion for the benefit of the sleeping masses. 

Mon, 08/06/2012 - 03:53 | 2681036 Me_Myself_and_I
Me_Myself_and_I's picture

"If it can be affirmed, with any degree of truth, that the luxury of the Romans was more shameless and dissolute in the reign of Theodosius than in the age of Constantine, perhaps, or of Augustus, the alteration cannot be ascribed to any beneficial improvements which had gradually increased the stock of national riches. A long period of calamity or decay must have checked the industry and diminished the wealth of the people; and their profuse luxury must have been the result of than indolent despair which enjoys the present hour and declines the thoughts of futurity.

The uncertain condition of their property discouraged the subjects of Theodosius from engaging in those useful and laborious undertakings which require an immediate expense, and promise a slow and distant advantage. The frequent examples of ruin and desolation tempted them not to spare the remains of a patrimony which might, every hour, become the prey of the rapacious Goth. And the mad prodigality which prevails in the confusion of a shipwreck or a siege may serve to explain the progress of luxury amidst the misfortunes and terrors of a sinking nation."

Edward Gibbon, The History of the Decline and Fall of the Roman Empire, Book III, 1781

Mon, 08/06/2012 - 04:03 | 2681043 vinu02
vinu02's picture

Add FT, Reteurs, CNBS to the list who r finding secret sources everyday

http://goo.gl/Fl8c9

Mon, 08/06/2012 - 04:36 | 2681058 writingsonthewall
writingsonthewall's picture

Another post which misleads based on a simple assumption.

 

"History has taught that there will forever be manias, bubbles and the subsequent busts"

 

...only the history of CAPITALISM. This is not part of a deity's grand design - it's a MAN MADE FLAW.

 

Capitalism is inherently unstable - but this is not the only system. Evern it's supporters cannot muster much more than "the best system we have tried"

 

Well try harder then.....or face social breakdown, war and starvation - just because you havne't the imagination (or desire) to find a system which isn't based on the exploiation of others for your own self interest and gain.

Mon, 08/06/2012 - 04:52 | 2681070 writingsonthewall
writingsonthewall's picture

I see capitlaism has at least 1 fan left!

 

How sad that you needed to vote down the truth because facing it is so hard for you to do!

Mon, 08/06/2012 - 04:48 | 2681059 Dodgy Geezer
Dodgy Geezer's picture

Since this article is about panics and manias, it seems fitting to recall that Kindleberger is by no means the first to write this kind of article.

The first, and by all accounts the best  one of these is Charles McKay's famous book:

'Extrordinary Popular Delusions and the Madness of Crowds'

 published between about 1810 and 1840, and available cheaply off Amazon.... lovely title!

 

Mon, 08/06/2012 - 05:35 | 2681068 Floodmaster
Floodmaster's picture

Banks are still making money out of naive people (Australian, British, Canadian, Norwegian, Spanish etc ... ).Being Naive Can Make Your Fortune.

Mon, 08/06/2012 - 05:09 | 2681081 toomanyfakecons...
toomanyfakeconservatives's picture

This article goes a long way to perpetuate the myth that "it's in our DNA" and that you and I are a product of "human nature" rather than a product of our environment. DNA predetermines next to nothing. Environment determines so much. "Human nature"... well that is just a cop-out, rubber stamp, explanation for things that are really much more nurture than nature.

Mon, 08/06/2012 - 06:50 | 2681108 writingsonthewall
writingsonthewall's picture

This is very true - and the idea that it's 'nature' simply gives people the excuse they need to behave immorally or anti-socially.

 

"it's not the bankers fault he's greedy - it's just human nature"

 

If this were true then we would all be greedy bankers.

 

The sins of humanity are designed by environment - not some pre-disposed command from a deity.

 

Otherwise we have to start accepting

 

"I didn't mean to kill all those people - God made me do it"

As nobody can prove the existence of God and check - surely we have to accept this premise.

....unless of course you embrace reality and accept that people are a product of their environment and not a pre-formed design.

 

I am glad someone out there agrees with me - we are an island of sanity surrounded by drowning maniacs.

Mon, 08/06/2012 - 07:42 | 2681162 toomanyfakecons...
toomanyfakeconservatives's picture

The first hour of Zeitgeist Moving Forward made me a believer and prompted me to look deeper into the "it's in our DNA and you can't change that" myth.

Mon, 08/06/2012 - 05:13 | 2681083 silverdragon
silverdragon's picture

Live Free, Buy Silver and starve the beast.

Mon, 08/06/2012 - 08:05 | 2681200 mholzman
mholzman's picture

I liked the essay. Many (not all)  responses to it on the message board seem bizarre. Lots of anger, fixation, over interpretation,...

I ordered one of the books mentioned. Thanks.

Mon, 08/06/2012 - 08:18 | 2681219 Jim B
Jim B's picture

Capitalism is the answer!

 

Tarp, Ponzi printing, bailouts, and crony capitalism (fascism) are the problem!  There is little to no capitalism in the financial sector! 

Mon, 08/06/2012 - 08:24 | 2681231 Shizzmoney
Shizzmoney's picture

The vast swath of Americans has no interest in history, financial matters or anything that requires critical thinking skills. They are focused on the latest tweet from Kim Kardashian about her impending nuptials to Kanye West, the latest rumors about the next American Idol judge or the Twilight cheating scandal.

This "vast swath" are also commonly known as "women".

Mon, 08/06/2012 - 09:58 | 2681471 memyselfiu
memyselfiu's picture

As opposed to the vast swath of 'men' that spend every waking moment watching sports and collecting memorabilia? This is better how?

Mon, 08/06/2012 - 09:30 | 2681399 ucpamphleteer
ucpamphleteer's picture

"The thing that hath been, it is THAT which shall be; and that which is done IS that which shall be done: and THERE IS no new THING under the sun."
Ecclesiastes 1:9

Mon, 08/06/2012 - 09:55 | 2681462 GMadScientist
GMadScientist's picture

"Like this and like that and like this and uh." - Snoop Dogg

Mon, 08/06/2012 - 09:39 | 2681420 alfbell
alfbell's picture

If there was irrefutable evidence that we all come back, life after life, that would be all that would be needed to begin an amazing evolution of humanity. One wouldn't be messing up the environment, destroying resources, creating war, etc. etc. if they knew they were coming back to reap what they sowed.

Just a thought.

Mon, 08/06/2012 - 15:46 | 2682591 suteibu
suteibu's picture

On the other hand, it could be more like "Groundhog Day" and people would be able to do anything they want knowing, in the end, it all means nothing.  Enjoy the ride over the cliff.  In your next iteration you can learn to play the piano...unless you come back as some psychopath's pet poodle who gets a foot up the ass when his owner has a bad day.  Karma is a bitch with an eternal memory.

Mon, 08/06/2012 - 09:46 | 2681434 GMadScientist
GMadScientist's picture

And yet you never stop to wonder if perhaps capitalism itself is inseparable from "protracted crisis".

 

Mon, 08/06/2012 - 09:50 | 2681447 stiler
stiler's picture

Man can be so selfish that he is no better than the beasts. He would learn a lot by just going out into a field and eating grass like an ox, growing his hair while 7 seasons pass over him.

Abraham took nothing for himself, but only for his servants (Gen. 14:12-14). In the same way the just person takes nothing for himself from the world or from the applause of the world, but only for their passions which they use as a master, saying to one: Go, and to another Come (Luke7:8).

Pascal

Mon, 08/06/2012 - 09:53 | 2681457 nah
nah's picture

so, again, do supercycles make us more or less inteligent

Mon, 08/06/2012 - 10:39 | 2681608 Axenolith
Axenolith's picture

9-11 is concrete that has already set, you can possibly work around the concept of the government having taken advantage of a situation they knew was coming, but to continue to work the whole "It was an inside job" angle is a complete waste of time that only marginalizes whomever espouses it and probably speeds ones way to the list of "those we need to round up".

When an event like this occurs, like Fast and Furious, or some mega financial blowup, you need to have a source near or on the inside who will filter out uncontaminated information quickly, before the bodies are buried and the memes get set into the minds of the masses by the media.

Ron Paul has it bad enough as it is, if he worked the "inside job" line during his campaigning he'd make Lyndon Larouche look like a national media figure.  You've got to realize where the usefulness of pursuing an issue ends and move on to more germaine, up to date shit, 11 years on, with whats available today and the forces we're up against, 9-11 has dropped down to the level of historical discourse akin to argueing about Japan being manipulated into attacking Pearl Harbor, i.e. it's an interesting discussion, but you're not going to initiate any paradigm shifts pursuing it and if, as a political figure, you "run" with this in real time you're essentially removing yourself from the public discourse and getting a fat dollop of "you're a public spectacle" media ridicule to boot.

Parse this a couple of times before you neg it, it is what it is, not necessarily what we'd like it to be...

Mon, 08/06/2012 - 10:50 | 2681637 CriticalTrader
CriticalTrader's picture

Follow the incentives.

Mon, 08/06/2012 - 11:46 | 2681743 HardAssets
HardAssets's picture

Different people see and operate differently in the world. The majority of people don't think in a Big Picture, long term manner. Myers-Briggs MBTI theory is about the differences in peoples temperment and how this relates to how they think, feel, and act. Many people prefer to act on immediate, 'hands on' matters. They have little patience with what they see as being 'theoretical' - - that is, something they don't experience Now. Some are predisposed to operate from out of feelings rather than thinking. Some are more 'go with the flow' people - rather than planners. Some people are traditionalists who follow the rules and their rulers - - - unless they have been screwed over so much that its obvious.

All of these personality profiles have their strengths and weaknesses. One isn't necessarily less intelligent than someone else because they operate differently in the world. Some people who may not be long range Big Picture theoretical types are very good at adapting to changing circumstances and 'taking things as they come'.  The value of this in some situations is obvious.

The temperment profile common to traders makes up about 1% of the population, but 2/3 of all traders.  Is it any wonder that many people don't seem to 'get' what youre talking to them about ?  Combine temperment factors with the human tendency to avoid unpleasant news, 'hope' for the best, and an over reliance on mainstream mass media propaganda - - and our circumstances seem almost inevitable at this particular point in time. Conditions will have to impact them more immediately and painfully before theyll be open to seeing what's going on. The best we can do is provide them with the foundation of sound information for when things do fall apart. People wont digest this information sooner than they are capable.

BTW - - most bureaucrats, police, and military people do not have the temperment profile that would allow them to see early what's going on at the political, economic, and social levels.  Hopefully, they'll catch on soon enough. (Recall what happened with their military when the USSR fell. They 'got it' and stood down, on the same side as their people.)

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