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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Michael Hudson
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
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Some common sense:
http://www.cnbc.com/id/15840232?video=1104644331&play=1
Sorry for the long post but thought this was a good article re: the purpose of capitalism:-
Aristotle defined human beings as rational animals, and even today, few people would openly describe themselves as irrational; yet many are. Even so, people don’t generally go around calling their decisions, choices, and expectations rational or calling what they do rational activity. Except, that is, economists!
When we look at classical/neoclassical economics, how can it’s intent be determined? In the absence of any stated purpose, one can examine the things it does and those it doesn’t. In the two plus centuries it has been practiced, orthodox classical capitalism has not brought a growing or even a stable level of prosperity to the peoples who inhabit the countries in which it has been practiced. Spurts of apparent prosperity have been continuously destroyed by economic crashes that have over and over again ruined the lives of millions.
But what if its intent has never been the promotion of the people’s prosperity? What, if any, result has it attained consistently? Well, it has consistently protected the wealth of the privileged; it has preserved the status quo. The wealthy privileged increase their wealth in good times and in bad. The system works for the privileged just as the market works for stock brokers who make money when prices are rising and when they are falling. If this is capitalism’s intent, and the evidence for it is overwhelming, understanding the Obama administration’s, and the developed world’s, response to the current economic downturn is easy. As the meager apparent wealth that the common people acquired during the better years now disappears, as they lose their jobs and homes, the wealthy institutions and the people who manage them and created the downturn are rewarded and prevented from failing by obligating the common people to someday repaying a growing colossal national debt incurred for the sake of those privileged. None of this makes sense unless capitalism’s intention is to preserve the status quo at the people’s expense.
Of course, we’re told that a stable financial system is essential to economic prosperity. We’re told that credit must be easily acquired again, so that businesses can meet payroll and consumers can resume buying. But these claims are also irrational. Businesses properly should be capitalized by investment and products should be purchased with earnings. So why do governments claim businesses and consumption need to be financed by debt? The answer is really very simple. The wealthy increase their wealth by lending and they do it without even having to use their own money by means of the Ponzi scheme known as fractional reserve banking. And when debtors cannot meet their obligations, their assets are acquired by the wealthy at fire sale prices who then become even wealthier. This is what capitalism does; it does it consistently and spectacularly. It really can have no other purpose. Credit is good only for creditors; debtors always lose.
What is there about this that economists cannot understand? Are they absolutely irrational or complicit? Each must answer for him/herself. But the economic system they advocate is nothing but an irrational tower of Babel that is based on principles derived from simplistic, imaginary situations and assumptions about rationality that are contradicted by hundreds of years of evidence, and is devoted to the worship of Mammon which benefits only the rich. Capitalism has been very successful; it has impeded the improvement of the human condition for two hundred years, and unless it is scrapped, it will continue to do so. No mere change in government can stop it.
Sharon et al.
O.K. it is imperative that we stop looking at the Human Condition as “So, the ‘Human Condition’ How are the poor doing” This Universities dummying up the students with this crap definition. This crap definition is the very thing that sells big pharma’s fix all pills.
The Human Condition is more like this: We are all born into this life with a big hole in us. Some try to fill that empty spot with booze, drugs, sex, money, power and control. Nothing ever fills it, and as soon as we get our fill, we are only content for a short time. The globalist will never reach happiness and bliss, because once they realize any happiness from their gains they will throw it aside, like my children throw away their Christmas toys that are only a few month old and crave and beg for new ones. They are never satisfied with what they have. The “Human Condition” is more along the lines of how spiritually sick are the Humans?
It is when we turn our eyes to the Infinite and surrender to life and searching through the afore mentioned addictions that we can begin to feel the filling of our cups.
Capitalism is great. Corruption “capitalism” is not great. simple.
Democracy is great. A corrupt “democracy” not so great. And the same can be said of any system, whether it is a political, spiritual or economic. A text book definition of a system no longer falls under the definition once corruption has been injected. Once corruption comes in to play everything changes.
I apologize for sounding like an asshole. Feeling overwhelmed today. Regards to All.
I think people are still confusing “Central Banking and fractional reserve banking” with Capitalism. The Boom and Bust cycles are a result of the central banks, not Capitalism. Central Banks manipulate the market. (set artificial interest rates, easy money, print money)
Stacy and Max talk about how France is different from the U.S. and Britain. I think the difference is that in the U.S. and Britain the citizens think that the government(oligarch controlled) is the people. France has figured out that the Market is the people. The government tries to impose it’s will on the market.
It’s time to free the people!
Power to the People!
That make’s perfect sense. The market is simply the collective action of the people. The left (or whatever you want to call socialist thinking) are opposed to big corporations because they manipulate the market. Max has done films about this, “the truth about markets”. The rage is the unfair advantage and the result is robbing wealth from the average person. But essentially it’s the warping of markets.
The right hates big government or State intervention, because, it’s the manipulation of markets. The underlying principle is, the oppression of the people.
Perhaps that’s why Liberty is so contagious, and brings together so many people of “different thinking”.
Which reminds me; I wonder if France should ’take back’ that statue in the harbor that they gave to the U.S..
P.S.-perhaps that statue had something to do with that “photo op” as well.
Sorry Max and Stacy,
Film-People & Power-Rigged Markets
Radio- the Truth about Markets
(Watch and listen to them all; it’s all good stuff)
The US government now owns majority shares in the largest investment bank Citigroup, the largest home lender Fannie and Freddie, the largest insurance company AIG and now the largest automaker General Motors. This is a huge change in the American way.
A single American that is exiled from the workforce can cost up to 20,000,000 USD in taxes over a time frame of 32 years.
A baseline cost estimate for throwing away talent is about 300,000 USD per year in 2009 USD.
At least that is what this spreadsheet model seems to say:
http://cbc.am/Total-cost-to-goverment.ods
http://cbc.am/Total-cost-to-goverment.xls
The reason why the USD GDP is so low, and the reason why the US can practically never pay off its cumulative debt is that it has thrown away trillions of dollars of talent that is available to it.
The US press has totally ignored this, and most economists have totally ignored it. Using or throwing away talent can make or break empires…
Yep, this headline hits the nail right on the header when it comes to illustrating the delusional craziness of the this whole banking situation. That we would have been worse off without the $12,800 billion bailout is a propaganda myth.
The whole bad bank theatric is set in play as a biding time gimmick to keep the public busy and the journalist something to chew on. The bad bank was never a measure of banks’ current solvency and only supposed to be busy with a toxic asset plan according to their own words.
But before a rough bad bank estimation had been made roundabout $4,000 billion but even that won’t do. So, it will be interesting to see with what these Soap FED scriptwriters come up with next time.
U.S. toxic-asset plan stirs fears
27 April 2009, by Ralph Vartabedian and Tom Hamburger (The Los Angeles Times)
The government will take on a mountain of risk while trying to create an artificial market for the loans and debt securities.
To be more precise: It’s gonna be a Bubble Act with loads of Accounting Gimmicks to look forward to.
@sharon
Aristotle was almost right but not completely cause we are no rational animals but animal rationals.This may seem an insignificant difference but once explained will make sense completely in the significance of the matter.
In the Epical TEARS OF THE CROCODILE Peter Vroon describes Who We actually ARE also from a historical point of view but backed by many psychological facts and surpassed by Peter Vroons reflective enlightenments. The main argument is that the evolutionary process, a slow one normally, can significantly pick up speed when presented with major obstacles in the environment which triggers a drastic leap forward in the evolutionary process of mankind’s brain. Thus adding new functions and features to the long-term tested parts of the nervous system in a relatively short period.
Imagine a small crocodile brain which gets a human brain on top of it almost over night. This makes a very disturbed creature when instinct and smell enter into the more primitive part of our crocodile brain and literally take over the upper parts.
This immense contrast is difficult to defend from only a linear point of view in which no exceptions. But exceptions is all what evolution is about. Many ways to go with many exceptions best describe the way evolution evolves in something new rapidly sometimes. Look our flu viruses for example and all it’s variations. Our nasty friend the Mosquito for example and much longer around on Mother Earth than we. That makes you wonder.
The existence of the human being by the famous professor teaching function and theoretical psychology at the University of Utrecht (1939-1998) analyzed from a combination of psychology, evolutionary biology and data on the construction of the brains. The author distinguishes three set of brains, namely the brainstem, the so-called limbic system and the last developed part of the bark of the big brains (neocortex), which generally allow an opening in the behavior of a reptile, a mammal and man. The argument is that the default evolution is one of small steps but can take a sudden leap if confronted with ricing major problems in the environment. Evolutionary speaking this huge jump adds a complete new system with new tasks to the old existing primitive parts of the nervous system. In the various levels our brains, different processes pursue different interests and cooperate very moderately.
One example: From psychological smell tests we discovered that we pick our ideal partner from smell. If the smell doesn’t “match up” for both sexes the paring party is doomed.
We people “rational beings”? Forget about it many behavior is completely irrational driven by our primitive crocodile brain, much more than we humans like to admit to ourselves. But this explains a lot of irrational troubles with which mankind seems to experience in irrational fights and other abject forms of behavior.
Bottom line is that we finally have to face the facts about human behavior in general and face our own devils for which sometimes the Uber brain makes irrational good and bad excuses.