News & Analysis
Bernanke's Squeeze
Notwithstanding the progress that has been made, when the Fed's monetary policymaking committee – the Federal Open Market Committee (FOMC) – met this week to review the economic situation, we could hardly be satisfied. The Federal Reserve's objectives – its dual mandate, set by Congress – are to promote a high level of employment and low, stable inflation. Unfortunately, the job market remains quite weak; the national unemployment rate is nearly 10 percent, a large number of people can find only part-time work, and a substantial fraction of the unemployed have been out of work six months or longer. The heavy costs of unemployment include intense strains on family finances, more foreclosures and the loss of job skills. Today, most measures of underlying inflation are running somewhat below 2 percent, or a bit lower than the rate most Fed policymakers see as being most consistent with healthy economic growth in the long run. Although low inflation is generally good, inflation that is too low can pose risks to the economy – especially when the economy is struggling. In the most extreme case, very low inflation can morph into deflation (falling prices and wages), which can contribute to long periods of economic stagnation. – Washington Post
Dominant Social Theme: We need to print trillions of dollars from nothing.
Free-Market Analysis: We have noticed that power elite promotions continue to churn along, no matter what kind of evidence is produced to derail them. Federal Reserve Chairman Ben Bernanke's (above left) odd editorial in the Post (excerpted above) is further evidence of this. He is not about to apologize. Instead, he is dumping a trillion dollars into the larger market and then going off to host a Federal Reserve party on Jekyll Island – where the Fed was founded about 100 years ago in a secret and conspiratorial meeting of some of the world's most powerful bankers of the day.
If WE were in Ben's shoes, we would not be holding a party. But that's the power elite for you. It is institutionally incapable of recognizing, apparently, any kind of tasteful boundaries. Forty million are on food-stamps in America but Bernanke et al. will be eating cake off the coast of Georgia. This is ample evidence, along with much else that the elites have still not adapted to the reality of the 21st century; that because of the Internet their every move has come under scrutiny and the important ones are commented on in thousands of blog-posts around the world. The Fed in particular makes PR gaff after PR gaff. Its representatives seem incapable of presenting it as an agency working on behalf of the larger society. Probably because it's not.
This goes for dominant social themes as well. The global warming promotion has been thoroughly debunked and yet the powers-that-be continue to flog it and articles asserting the validity of global warming still appear regularly in the elite-controlled mainstream press. Central banking is another dominant social theme, one of the most basic, and like other elite memes, it is continually pushed forward as if no opposition exists and no questions have been raised.
In this article we want to make a case once again for our favorite theme – that the power elite is neither immortal nor all-powerful. It is not even fully in charge at this point; in fact, what is going on today in the Western world and America in particular is not pre-ordained. The situation (economic, sociopolitical and military) in our view is so far from being "in control" that any solutions that the Western elite may have had in mind are going to be most difficult to propose (credibly) let alone implement.
Central banking generally and the Federal Reserve's additional stimulus (so-called QE2) are under tremendous attack in the US. Yet Federal Reserve Chairman Ben Bernanke continues to make policy decisions involving literally trillions of dollars. Only yesterday the idea that one man could wield the purchasing power of a trillion dollars would have been seen as fantastical and impossible. Now it has taken place on more than one occasion – and for far more than a mere trillion. Of course there has been push-back, too. Bernanke has already been grilled on Capitol Hill and the heat is likely to be turned up on both him and the Fed (which is going to be audited) now that Republicans have taken back the US House of Representatives.
But still the new round of stimulus continues. Bernanke prints another trillion dollars out of thin air and goes into the market to purchase securities, benefiting those institutions that hold the securities inordinately. Using this Keynesian approach, he could literally drop money from helicopters and probably achieves his purpose more quickly. But central bankers will rarely if ever distribute money directly to the hoi polloi as it reveals too easily what is really going on.
Only by distributing money through financial channels do central banks retain what mystery remains regarding the process. Nonetheless, as we have pointed out before, in this era of Internet truth-telling, the huge sums of money wielded by the banking classes has been well noted. It has (we have argued) stripped Western political and banking elites of considerable moral authority and illustrated quite clearly that there are two kinds of capitalism at work – one for the very wealthy and financially connected and the other for the working man and entrepreneur.
The effects of this realization are only now beginning to play out. But Western capitalism – regulatory democracy – has always been sold to the masses as a system in which the biggest and smallest have an equal chance at grabbing the proverbial gold ring. What the financial crisis and the "greater recession" have shown clearly is the amount of capital concentrated in a few hands. Were a visitor from say Mars to see how the system currently operates, where one man basically makes the decision whether or not to commit a trillion dollars to a buy-back scheme, what other conclusion could he/she arrive at but that regulatory capitalism is not what it appears to be? The real power and money is indeed concentrated at the very top and the scary thing is that Bernanke is merely a servant of money power, not a chieftain by any means.
And yet despite the vast power and wealth available to the intergenerational and familial banking elite that runs the Western world, we detect more than a whiff of panic in the air. The creaky mechanism of counterfeiting that animates the heart of the central banking conspiracy has been wielded in full view of the Internet. Anybody who wishes to understand what is really going on can read about it in detail on innumerable electronic pages.
But there is more. If there were no need for Bernanke to try to stimulate the US economy once again, he would not do so. This is evident and obvious. The money is being hurled at a moribund economy that is producing neither jobs nor wealth. It is as we have long pointed out an economy built on a century old Dreamtime – so distorted and speculative that it is impossible to sustain. But the elite are desperate to try.
Bernanke does not make major moves by himself of course. He is evidently and obviously a functionary of the power elite that installed the West's central banking system and still runs it. If Bernanke is committing to more stimulus it is because there is a larger consensus (at a higher level) that it is necessary. The idea, as we pointed out yesterday, is to lower the dollar abroad and increase corporate profits – which will then supposedly drive a stock market recovery and finally a larger, American industrial recovery.
It is an incredible complex and foolish way to generate wealth for society-at-large, but it suits the elite as the wealth is seemingly generated through institutions and corporations it ultimately controls. Stock exchanges and multi-national corporations are "promoted" as the ultimate providers of economic security, even though they are not. Human action is what drives wealth, and individual economic decisions. The current system is designed to obscure this fact and even to deny it. QE2 will likely not make much of difference and will surely aggravate what is already a severe monetary problem.
Additionally, QE2 has the influential BRIC club up in arms. A brief look at the news today confirms that China, India, Brazil and Russia have all reacted to US moves with concern, irritation or even outright anger. When the US launches such large currency programs, the results are felt around the world. Other countries value their competitiveness as well and are not likely to sit passively on the sidelines while the US inflates away its economic incompetence.
The current massive stimulation is not only alienating the BRICs (and other countries as well), it is likely to undermine any possibility of comity at the larger G20 meetings that are upcoming. The IMF – already seen quite rightly as an organ of the Anglo-American elite – was making a bid to turn itself into the world's central bank complete with a world currency, the bancor. American actions will probably make this improbable evolution more difficult still.
Ultimately, the move is tremendously inflationary and will further undermine the dollar and introduce at some point a dangerous amount of price inflation into the world and the American economy in particular. The result may be, either sooner or later, a fuller unraveling of the dollar as the world's reserve currency. While some, especially in the alternative news community, continue to maintain that this is indeed the plan of Western elites (to entirely undermine Western economies in order to introduce world government), we wonder how exactly such chaos benefits Western elites.
From our point of view the BRICs and other countries are not likely to agree this time around (at a fundamental level anyway) to whatever Western elites have in mind regarding global governance or a global currency. Whether or not the Chinese economy collapses in the near term, the larger ramifications of global chaos are likely to be entropy not further centralization. We see the emergence of various forms of gold and silver standards, maybe controlled at the state level and maybe not. But this is a far cry from a gold-based monetary system organized and controlled by the West.
Everything that emerges from the latest round of money stimulation is probably negative from our point of view from a power elite perspective. The stimulation is not in the short-term going to make the American economy or the dollar any healthier. It IS going to further alienate the BRICS and paves the way for a go-it-alone mentality when it comes to monetary policy. It may even hasten the day (as a result of price inflation in particular) when currencies are backed by gold and silver once more.
We would argue for these reasons that the Bernanke monetary moves are driven by desperation. What is that desperation? It has to do with a knowledge that the Internet itself has fully revealed the scam of the financial system, worldwide, that has been put into place. The Western elites, we understand, are terrified of only one thing: civil insurrection. They neither welcome it nor wish it.
There are some who argue that the terrible moves that the elite has made in the past decade are actually an invitation to insurrection. But if so, why did the elite bother with its fear-based promotions throughout the past century? The elite operates behind the scenes and does not expose itself for very good reasons.
We opened this article by asking why elite promotions continue even when they are evidently and obviously exposed and increasingly dysfunctional. We close by advancing the argument that the reasons are twofold. First, the elite in aggregate is arrogant and it is hard to believe that methodologies of control that worked for 100 years do not work well today. Second, the elite is increasingly desperate to implement its programs and agendas and is forging ahead on a kind of autopilot.
Conclusion: What people mistake for strength and mystery may merely be a lack of imagination and a lack of well-thought-out alternatives. It is most difficult to switch off the kinds of promotions that the Anglo-American axis has generated over the past 100 years. It is very possible that the program will have to play out, even though it makes less and less sense today and will not in the end accomplish elite objectives. Or course there may be other explanations for what is going on – including (according to the most paranoid among us) the eventual genocide of three-quarters of the human race. But these sorts of speculations are difficult to discuss reasonably. As for others, we cannot see them clearly. Can you?
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Posted by Lila Rajiva on 11/09/10 12:56 PM
"Ha, no one will likely silence Lila until God (hypothetically) takes her home. And then she would make her points up there as well."
Your elves know me too well....
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Posted by SHEARED, CHILLY And AWAKE on 11/08/10 09:56 AM
Most DB posters know The Fed is not part of the Amerivan gov. However most Americans even today believe that the Federal Reserve is part of the American government.
Many Americans will be shocked to discover that the principle business of the Fed is to print money from nothing, lend it to the U.S government and charge interest on these loans. Who keeps the interest? ........Good question.
The owners keep the interest which is in the billions of dollars
WHO ARE THE REAL OWNERS OF THE FEDERAL RESERVE?
1. Rothschilds of London and Berlin
2. Lazard Brothers of Paris
3. Israel Moses Seaf of Italy
4. Kuhn, Loeb & Co. of Germany and New York
5. Warburg & Company of Hamburg, Germany
6. Lehman Brothers of New York
7. Goldman, Sachs of New York
8. Rockefeller Brothers of New York
As a side note all of the above listed men are Jewish and are by far, the wealthiest. Note that ALL are also "foreign" with established headquarters in Europe even the ones in New York are only "branches" of European establishments. There are an additional three hundred people, approximately, mostly relatives, who hold stock or shares, and they comprise the ownership of this monster, the massive wealth of which is beyond man's comprehension. No one
can buy shares anywhere. That's a closed issue
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Posted by SHEARED, CHILLY And AWAKE on 11/08/10 09:37 AM
Sorry DB, wasn't aware
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Posted by Pete on 11/07/10 10:45 PM
Click to view link
for some reason previous post included "br" at end of web address. If this happens again, then just delete the 'br" and a list of international gold holdings should appear.
suspicious!
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Posted by Pete on 11/07/10 10:35 PM
Naturally I question the accuracy of the source and also whether Euro Area is double counting German, French etc. gold...
Click to view link
BUT while it may seem ironic for the U.S. to be one of the largest international holders of gold, it actually makes good sense to have a back up plan (although I suspect this has always been part of the overall plan) for when the great hyperinflationary asset price melt up is over, the current USD is worthless and a new global gold backed currency is introduced.
Your thoughts?
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Posted by John Danforth on 11/07/10 01:04 PM
@Lila,
It meant, "hang tough, don't let the bastards grind you down". It makes me angry that anyone would try to silence you. I wish I could help.
Reply from The Daily Bell
Ha, no one will likely silence Lila until God (hypothetically) takes her home. And then she would make her points up there as well.
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Posted by SHEARED, CHILLY And AWAKE on 11/07/10 10:11 AM
Thank goodness for the Mark Humphrey's of the world to tell us that the reality we see happening before our very eyes is just hullucinations or something us lesser little people sheeple haven't the knowledge capable to understand. Mark says "trust us the check is in the mail"
Host governments provide overall security to keep away outsiders. One-third of attendees are political figures. The others are from industry, finance, academia, labor and communications.
Meeting procedure is by Chatham House Rules letting attendees freely express their views in a relaxed atmosphere knowing nothing said will be quoted or revealed to the public. Meetings "are always frank, but do not always conclude with consensus."
Membership consists of annual attendees (around 80 of the world's most powerful) and others only invited occasionally because of their knowledge or involvement in relevant topics. Those most valued are asked back, and some first-timers are chosen for their possible later usefulness. Arkansas governor Bill Clinton, for example, who attended in 1991.
"There, David Rockefeller told (him) why the North American Free Trade Agreement....was a Bilderberg priority and that the group needed him to support it."
Reply from The Daily Bell
SHEARED, CHILLY And AWAKE
You cannot post whole articles from other places on this site. We have taken down the rest of the posts regarding this article. Thank you for the "thought" but you must put long posts in your own words. Short article excerpts are OK ...
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Posted by SHEARED, CHILLY And AWAKE on 11/07/10 09:49 AM
According to Steering Committee rules:
"The invited guests must come alone; no wives, girlfriends, husbands or boyfriends. Personal assistants (meaning security, bodyguards, CIA or other secret service protectors) cannot attend the conference and must eat in a separate hall. (Also) The guests are explicitly forbidden from giving interviews to journalists" or divulge anything that goes on in meetings.
This rule has been recently relaxed to give the outward impression that nothing subversive is
Even thought about in these meetings. The comments to journalists are very general in nature and always delivered with a friendly smile and/or an expression of extreme happiness.
See nothing secret or subversive here. That's just a myth or a ridiculous empty conspiracy theory
We all know that conspiracy theories are just that, theories with no factual substance mouthed by dearranged bizarre paranoid lesser little or small people with the intellect of a box of rocks.
Anyone with an ounce of intelligence knows there is no "shadow gov" or "secret societies" such as "Skull and Bones" etc etc or any families such as Rothschild who has for several hundred years been controlling world currencies AND governments. Just ask gov shills like
Mark Humphrey, they will till you it's all poppy cock and ridiculous conspiracy theories.
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Posted by SHEARED, CHILLY And AWAKE on 11/07/10 09:35 AM
Early in its history, Bilderbergers decided "to create an 'Aristocracy of purpose' between Europe and the United States (to reach consensus to rule the world on matters of) policy, economics, and (overall) strategy." NATO was essential for their plans " to ensure "perpetual war (and) nuclear blackmail" to be used as necessary. Then proceed to loot the planet, achieve fabulous wealth and power, and crush all challengers to keep it.
Along with military dominance, controlling the world's money is crucial for with it comes absolute control as the powerful 19th century Rothschild family understood. As the patriarch Amschel Rothschild once said:
"Give me control of a nation's money and I care not who makes its laws."
Bilderbergers comprise the world's most exclusive club. No one buys their way in. Only the Group's Steering Committee decides whom to invite, and in all cases participants are adherents to One World Order governance run by top power elites.
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Posted by SHEARED, CHILLY And AWAKE on 11/07/10 09:32 AM
For over half a century, no agenda or discussion topics became public nor is any press
coverage allowed. The few invited fourth estate attendees and their bosses are sworn to secrecy.
Whatever its early mission, the Group is now "a shadow world government....threaten(ing) to take away our right to direct our own destinies (by creating) a disturbing reality" very much harming the public's welfare. In short, Bilderbergers want to supplant individual nation-state sovereignty with an all-powerful global government, corporate controlled, ( America's Supreme Court recently issued a decision that shocked most in the world by it's blatant and obvious disregard for it's obvious corruption prone decision that "Corporations have the same rights as a human individual ) and check-mated by militarized enforcement. "Imagine a private club where presidents, prime ministers, international bankers and generals rub shoulders, where gracious royal chaperones ensure everyone gets along, and where the people running the wars, markets, and Europe (and America) say what they never dare say in public." If the conversations within these meetings were to be made public governments would be toppled by angry mobs.
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Posted by Leonardo Pisano on 11/07/10 08:06 AM
@SHEARED, CHILLY And AWAKE, posted on 11/7/2010 7:15:52 AM
"In 1954, "the most powerful men in the world met for the first time" in Oosterbeek, Netherlands, "debated the future of the world," and decided to meet annually in secret. They called themselves the Bilderberg Group [...]"
Bilderberg is the name of the hotel where they met:
www.bilderberg.nl/uk/hotels/hotel-de-bilderberg/
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Posted by SHEARED, CHILLY And AWAKE on 11/07/10 07:18 AM
Always well represented are top figures from the Council on Foreign Relations (CFR), IMF, World Bank, Trilateral Commission, EU, and powerful central bankers from the Federal Reserve, the ECB's Jean-Claude Trichet, and Bank of England's Mervyn King.
For over half a century, no agenda or discussion topics became public nor is any press coverage allowed. The few invited fourth estate attendees and their bosses are sworn to secrecy. If a wealthy intelligent person wanted to do only good things for society and civilization why would secrecy be needed. If a wealthy intelligent person wanted to do self serving illegal, corrupt, unethical things to society secrecy would be obvious. Bilderberg demands secrecy.
Their biggest enemy, The Internet & you, us, we and the ones we educate. They can be stopped but organization and organizational action is required. A well organized 3rd political party with intelligent ethical and socially acceptable leaders with a lot of every day common sense moral character is a must.
CORRUPTION IS SO PERVASIVE IN AMERICAN GOVERNMENT, BIG BUSINESS, RELIGION, SOCIETY AND ITS CITIZENRY THAT THERE ARE NO LONGER ENOUGH HONEST MEN TO BRING DISHONEST MEN TO JUSTICE. ...
Dishonest men are easy to find. It's the uncorrupted honest, moral person(s) we need to find
More to come
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Posted by SHEARED, CHILLY And AWAKE on 11/07/10 07:15 AM
Bilderberg
The/a group/society consists of not some BUT THE most Influential persons in Gov, Biz, Religion and MIC.. Very little was known about this group, it's agenda or it's members for decades. The Internet has changed that. The Internet is the most powerful tool we have in our arsenal against the ERCA. They are working hard to find a subtle way to limit it's use
In 1954, "the most powerful men in the world met for the first time" in Oosterbeek, Netherlands, "debated the future of the world," and decided to meet annually in secret. They called themselves the Bilderberg Group with a membership representing a who's who of world power elites, mostly from America, Canada, and Western Europe with familiar names like David Rockefeller, Henry Kissinger, Bill Clinton, Gordon Brown, Angela Merkel, Alan Greenspan, Ben Bernanke, Larry Summers, Tim Geithner, Lloyd Blankfein, George Soros, Donald Rumsfeld, Rupert Murdoch, other heads of state, influential senators, congressmen and parliamentarians, Pentagon and NATO brass, members of European royalty, selected media figures, and invited others " some quietly by some accounts like Barack Obama and many of his top officials.
(CONTINUED ON NEXT POST)
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Posted by SHEARED, CHILLY And AWAKE on 11/07/10 07:07 AM
I'm going to fore go using large or seldom used words and/or phrases within the English language as some do, i.e. AmanfromMars, Mark Humphrey and a few others. I'm capable of this trivial feat but feel no need. (I have access to an online dictionary/thesaurus also) ........A need to impress others is a sign of feeling mentally and/or physically inadequate. Sorry about your afflictions AMFM, MH. You should seek help
I've no need to look intelligent or impress others. I'm quite satisfied with my inherited IQ and acquired knowledge. I'm just trying to help in any small way I can to get others to understand we have for many years been lied to and used by the Elite Ruling Class of America (ERCA) to further their agenda of world domination in the form or some form of a New World Order (NWO).
Also@ Mark Humphrey. You obviously unmasked your self with your comment:
"Incidentally, one of the most virtuous entrepreneurs of the 19th century was John D. Rockfeller, whose brilliant innovations improved and enriched the lives of millions of ordinary people"
Even a small Amount of research will prove that statement utter nonsense. Myself I refuse to become a shill for the ERCA and their puppet government as you have. Que sara sara
(continued on next post)
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Posted by Mark Humphrey on 11/07/10 03:26 AM
To Clark:
You present history in which a ruling class carries out policies that span more than one generation. But this is a far cry from the idea of familial power elites that effectively control Western Civilization and the winners of the World Series. Such control would require the extinction of free will. For if individuals possess free will, one can't count on familial control of anything.
In short, like Marxist class warfare, this half baked notion of familial power elites is a varient of behaviorism and historical determinism. Marxist behviorism is said to reflect "class consciousness" and to produce "historial inevitability". DB's brand of social behaviorism apparently reflects the inherent wickedness of successful or powerful families, regardless of the source and nature of their success, whether of brilliant entrepreneurial skill or grotesque wielding of coercive power through an alliance with merchantilist government. And what of the inevitable historical outcomes of DB's imaginary "elite behaviorism"? "The rich keep getting richer". But that's pretty unoriginal and a favorite Marxist theme as well.
Morally tainted people are only too happy to form partnerships with the government estblishment to suppress competitors and ideas they do not like, and to gather wealth and privilege for themselves. That many are glad to do this is not a consequence of their having been born into particular families. Rather, it is a consequence of their having embraced particular bad ideas about philosophy. Most basically, these ideas revolve around the dominant theme of the last 200 years, which is nihilism--the belief that no one can know anything ultimate with reasoned certainty. Ultimate issues are those that logically precede all other knowlege, such as the nature of the universe (metaphysics), the nature of knowlege (epistemology)and the nature of moral principles (ethics).
People who embrace nihilism are spiritually impoverished: they imagine moral principles are fiction, but they need some method to guide their choices in life. So they become human weathervanes, seeking approval from "important" others, seeking immediate gratification in the form of money and power. If moral values are unknowable, go for money, power and arm candy (or status).
In our culture, it is no wonder that the landscape is crawling with spiritually empty opportunitsts. But again, the source of this destructive opportunism is not family history, it is bad philosophical ideas that reinforce psychological pathologies and natural human failings.
To summarize, then, my understanding is that history is largely influenced by the ideas that men come to believe, together with the drama of particular individuals, who over their life times make choices that eventually strengthen them to rise to meet Great Occasions. This view accords with the reality of individualism, free will and the possibility--available to everyone regardless of geneology--of achieving a virtuous life.
Incidentally, one of the most virtuous entrepreneurs of the 19th century was John D. Rockfeller, whose brilliant innovations improved and enriched the lives of millions of ordinary people.
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Posted by Lila Rajiva on 11/06/10 08:46 PM
@Danforth
Illegitimi non carborundum ...
Is that for real (i.e. it can be hurled at someone, with a patrician sneer) or is it for ironic use?
"The phrase originated during World War II. Lexicographer Eric Partridge attributes it to British army intelligence very early in the war (using the plural dative/ablative illegitimis). The phrase was adopted by US Army general "Vinegar" Joe Stillwell as his motto during the war.[1] It was later further popularized in the US by 1964 presidential candidate Barry Goldwater.[2]"
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Posted by Peter Corlis on 11/06/10 06:35 PM
Fiat currencies lose. Hard assets win. Gold wins.
Who owns the gold? Foundation X? Goldman Sachs?...certainly not the BRIC's!
The U.S. ? ... well so it claims. Tipped by certain gold bugs as the "Saudi Arabia of gold". Nice position when the dust settles on the great melt up and the world embarks on a global gold backed currency system. Ben is sticking to the playbook and stretching out the USD end game.
The audit of the federal reserve will be an interesting exercise but don't expect any golden apples...yet.
Reply from The Daily Bell
It would be ironic if the US, which is ruining the current system, emerges as a primary holder of gold in the world.
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Posted by Alex The Droog on 11/06/10 05:14 PM
Bernanke is caught between a rock and hard place. Unless the fed inflates away the debt, the US has no hope of paying off it's debt. On the other hand, inflating the money supply too much too quickly cause a public backlash.
But there now is a serious risk of US default. The US is technically insolvent. People think the fed can just print money to pay the debt. They fail to realize that when the fed does this, it creates the money AS debt. In other words, in the very act of creating money to pay down the debt, (or buying treasuries), the fed is creating MORE debt. Plus interest.
People have warned about fiat currencies for thousands of years. Diluting the money supply is the main cause for failing empires. Rome, during it's heydey, starting diluting the metal coins with cheaper metals, and guess what happened to them? Our monetary system is only 4 decades old. People don't realize this. Up until Nixon did away with Bretton Woods, the US dollar was tied to a de facto gold standard.
People think our monetary system reaches back almost a century, to 1913 and the creation of the federal reserve (and the IRS, can't forget those friendly federal agents). It doesn't, and I have serious reservation about believing that a fiat money regime could even last a century.
Truly interesting times. There are some things that that tie our situation closely together with several other events in human history, and others (the internet) that make this time around COMPLETELY different. Truly fascinating.
Looking forward to see what happens.
Reply from The Daily Bell
Yes, no doubt you are.
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Posted by Tawny on 11/06/10 04:52 PM
Thanks very much for the kind comments in response to the list of books I posted.
I did not mean to be a Christianity-basher and sorry if it seemed that way. In these matters not amenable to rational/empirical resolution, we all follow our beliefs and to each his/her own, as the Founding Fathers said. I do give Christianity credit for emphasizing the importance of each individual, and of individual (private) rights. A key/essential concept, basic to the libertarian movement.
btw, one mistake in my list ... THE CASE FOR GOLD is by Ron Paul and a co-author, not by Rothbard. The Rothbard book I was thinking of is WHAT HAS GOVERNMENT DONE TO OUR MONEY. Rothbard has written several books and numerous articles, of course, but another book of his that I liked a lot is THE MYSTERY OF BANKING. I believe it is in that book that he provides an extensive discussion of and history of fractional reserve banking, points out that money in deposit in a bank is a 'bailment' and gives the history in British law of how an exception was made re the laws regarding bailments, in order to permit banks to engage in f.r. banking. In fact it was such a good book, and f.r. banking discussion, that I think I will request it once again from the library!
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Posted by AmanfromMars on 11/06/10 02:03 PM
"We do not believe humans are robots. There is no evidence of it, last time we looked." ... Reply from the Daily Bell
Power Elites, though, believe humans are as robots, for how else would you imagine they exercise power and control with paper promises and IOUs, other than through sublime and subversive programming which ignores and/or disguises their manipulations.
And here, is discourse on their manipulations and programs what sustains and builds the Daily Bell? ....... which is a novel synergy to deny, given the evidence which you yourselves present so ably.
Such disbelief is so very disadvantageous and does render one then ill-equipped to render aid for change, although hope which is an easy excuse and sword to wield for inaction, always springs eternal.
Methinks Henry Miller nailed it well enough when he said .... "All growth is a leap in the dark, a spontaneous, unpremeditated act without benefit of experience." ..... ergo is growth to be found in a new direction and game, which will probably also require new players too. Or are Established Circles, closed shops of incestuous stock, which as is well known, is a breeding ground for perverse madness. ...... and Toxic Sub-Prime Stock with a Self-Destructive Lineage.
Oh, and re the sudden comic/tragic appearance of SHEARED, CHILLY And AWAKE on the Daily Bell ..... I couldn't stop myself thinking that You're either an over paid (cause You're not very good at your job) Gov disinformation troll or only have enough intelligence and info to be dangerous to yourself.
And I might like to unreservedly disagree with you whenever you say that most making comments on the Daily Bell are not clever and intelligent. My experience to treasure is the exact opposite ..... "It may look and/or sound clever and intelligent to some Dhuuuuuu sheeple but most making comments on DB do not thankfully fall into this category."
Reply from The Daily Bell
If you would simply write in English and not in gibberish your points might be better received all around ...
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