To preserve their [the people's] independence, we must not let our rulers load us with perpetual debt. We must make our selection between economy and liberty, or profusion and servitude - Thomas Jefferson
Ignorance In Action Is Terrifying
The most astonishing story this month in my view was the confession of a manager whose one-year-old fund returned 866% betting against the subprime collapse. While the origin of his wealth rests on unethical premises, he honestly accuses Harvard and Yale Cliques for their utterly deceiving behavior supporting the Aristocracy, which ended up making it easier for him to find idiots to take the other side of his trades. We can understand now why the S.E.C banned short selling, can't we? The only acceptable questions here should be: why did it take so long to take action... and why do such regulations exist in the first place, considering that debt-based economies are mere legalized casinos?
While the average consumer loses purchasing power daily, the rich consolidates and gets richer. This is, without a doubt, the biggest wealth transfer ever. It is very common to come across people who seriously think that the developing world is poor because of its corrupt leaders and a rampant lack of education, that the Western Powers have done everything they could to alleviate poverty. Really?! If so, how to explain that the wheels are coming off the global financial system? Yes, it's quite hard to get the message through among the public spectrum.
The 'Men At The Top' are geniuses. They have all mastered psychoanalysis: all They have is to do is to work along people's greed, phobias, laziness to think for themselves, gluttonous envy, superficial star system values, and fake altruistic claims... then seize opportunities created by the implementation of a century old economic fallacy, using societal inertia to rule as the absolute Masters.
Remorseful Paulson regrets 'mistakes': We're not proud of all the mistakes that were made by many different people, different parties, failures of our regulatory system, failures of market discipline that got us here... - 10/17/08, globeinvestor.com
Leftism in particular has enjoyed the bashing of Ayn Rand's Aristotelian derived philosophy named Objectivism, describing it as the greatest 'evil' on earth. Today Rand's Hymn On Money almost sounds like a prophetic piece:
Do you wish to know whether that day is coming? Watch money. Money is the barometer of a society's virtue. When you see that trading is done, not by consent, but by compulsion—when you see that in order to produce, you need to obtain permission from men who produce nothing—when you see that money is flowing to those who deal, not in goods, but in favors...(must read!)
Living beyond ones means will never make anybody happy. Because booms depend on the indebtedness of the majority, a debt based system can only be ruled by deceptions. It is not foolish to assume that 90% of everything we think we know is false, or in the lesser case seriously biaised. Nobody likes to be taken for a ride but our world debt orgy came with a very nasty string attached and called: 'Inflation Holocaust'.
And you still have some difficulties to adjust your thoughts, just know that it is all deja-vu: 650 Years Ago, Venice rigged the first, and worst, global financial collapse... causing widespread plague epidemics and the 100-year war between France and Great Britain.
The time of a real Intellectual Revolution is long overdue.
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