Editorial
Fed Officials Recognized Upcoming 2007 Crisis But Weren't Worried
Federal Reserve officials in August 2007 saw the beginnings of the crisis in subprime mortgages and concluded that the U.S. economy would be able to withstand it, even as some Fed members warned that it could trigger a downturn, transcripts from their 2007 meetings show.
"Well-capitalized banks and opportunistic investors will come in and fill the gap, restoring credit flows to nonfinancial businesses and to the vast majority of households that can service their debts," Donald Kohn, then vice chairman of the board, said in Aug. 2007 according to transcripts of the Federal Open Market Committee meetings released today in Washington.
The transcripts show the committee's slow grasp of the enormity of contagion that was to spread throughout global markets as a result of billions of dollars in low-quality housing assets that had been securitized into bonds and sold to banks and investors worldwide. Several FOMC participants such as then-San Francisco Fed President Janet Yellen sounded alarms in the first half of 2007. Still, the FOMC focused on the economy's performance and showed reluctance to alter policy until August. – Bloomberg
Good Lord! Six years later we read that Federal Reserve officials had no idea that they were at the beginning of the worst financial disaster since the Great Depression. Released on Friday – the day that all press releases destined to die are disseminated – the information is obviously meant to slip under the proverbial radar. But it should not.
This is the reason that people are attracted to Austrian economics and "human action." The free-market case can be made forcefully that those who are given high office in order to "plan" for the rest of us are being given a fool's errand.
They are being asked to anticipate what is not yet ascertainable and then react with prescriptions that are not feasible. In common parlance, what central bankers are asked to do every day is fix the volume and rate of money. They are asked to figure out where the economy is headed and then adjust the money supply to avert any potential downturn or disaster.
It is an impossibility, as common sense should tell us. And yet this tattered globe is fully in the grip of these insane mandates ... performed by 150 central banks around the world and coordinated by the secretive Bank for International Settlements. As we can see from the excerpt above, bankers concluded in 2007 that the US economy was strong enough to "withstand" the looming crisis. Withstand it? It was the process of money printing that CREATED it.
The continuous devaluation of the "legalized/monopolized" monetary unit that all savers, pensioners and fixed income dependents are subjected to by the thieves standing behind those who smile for the cameras and run the game of wealth redistribution ... this is the process that is supposed to avert catastrophe?
We are not supposed to notice. The multitudes are supposed to suffer just a bit longer while the ravaging claws of "do-good intention" captures the fantastical imagination of the voters, enabling the power elite to march ever closer towards establishing their one-world-governance edifices?
If only we could keep that darn Internet where it should be – relegated to spying on our subjects and making sure they are malleable and docile, passive non-thinkers! Bloody Internet Reformation!!
Here's more astute reporting from Bloomberg ...
Concern about capital losses from toxic mortgage securities froze interbank lending markets and prompted runs against major investment banks. The Fed and JPMorgan Chase & Co. (JPM) rescued Bear Stearns Cos. in March 2008, and Lehman Brothers Holdings Inc. collapsed into bankruptcy that September. Both Goldman Sachs Group Inc. and Morgan Stanley converted to bank holding companies to access backup funding from the Fed's discount window.
First of all, the word rescue is used where another word would fit more aptly: "cannibalism." As in the Fed and JPMorgan Chase & Co. devoured one of their own. And this bit of prescient "Fed-thought" in 2007 was just the warm-up to a catastrophe that had yet to be played out on the grand stage as the main event...
Atlanta Fed President Dennis Lockhart attended his first FOMC meeting in March 2007. His memory of that gathering was "pretty vivid" because he was a new Fed official, when central bankers struggled to understand the economy, he said yesterday.
"We were having trouble connecting the dots in real time as to what exactly was happening," Lockhart said in a Bloomberg Radio interview. "The general tone in the meeting was that the economy would continue in a very positive direction, very positive momentum, and that turned out by summer not to be the case at all."
Please ... you're kidding! Look, the reason these 'wise men' couldn't see what was materializing, although they have the arrogance to believe that they can do a better job of regulating the price of money than the market itself, is because they were hand selected for their undying commitment to the educational path that was causing the problems.
They are perpetual students of economic fiction that believe their knowledge to be borne in reality. The Internet Reformation has done a great deal of damage to their conventional thought on these matters but it doesn't seem to produce any kind of self-questioning. No. They just consider it a roadblock of sorts that needs to be cleared so that critical thinking and the associated ability for truth-inspired critical thinking can be squelched.
But herein lies the problem. The power elite have used puppet economists and "market experts" to advance their monetary and financial manipulations but have ignored the weakness inherent in their chosen minions. They are, after all, people who actually thought that if they went to the right schools and were educated in the rights "social sciences" that they could become part of the governing class directing the "ungovernable."
Unfortunately, they have been used as pawns to advance a system of global governance on behalf of an intergenerational elite that preyed upon their natures. They are predisposed to ignorance. Inevitably, they will turn a blind eye to the REAL results of monopolized central banking. They see what you and I, dear reader, see ... but it doesn't seem to make any difference. We understand but we don't have the control. Others are steering the ship on which your life depends; you are left with your hands in empty pockets staring into the looming abyss wondering what the heck happened.
Here is hope for a new dawn: Perhaps many millions – billions – of people around the world, including the enablers, will see the error of subservience to an elite-controlled State. Perhaps one day we won't have to read about how these moneymen missed the boat in 2007-2008. Maybe, just maybe, we'll all start to take individual responsibility leading to considered human action to protect against this sort of systemic idiocy and injustice.
In fact, there is no bigger injustice today than that which exists when men and women allow a small group of thieves to run roughshod over humanity – plundering wealth and prosperity from the majority who submissively sacrifice their and their children's lives and fortunes to the benefit of their self-anointed masters.
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Posted by Danny B on 01/20/13 09:25 PM
Just to clarify things,, I believe that most of the actors in this Terran drama were typecast. Power attracts the corrupt. Colonel House didn't have to go looking for corrupt people. He just had to choose the right kind of corruption to get the effects that he wanted.
There is NO question that Bernanke had the typical blindness of academia.
Look at the big-brains from Harvard. They completely missed the biggest bubble in recent history and the endowment fund lost $ billions. It had to be willful blindness to completely ignore the Austrian school and many other blatant indicators. Academia is incestuous, hermetic and retarding.
Global warming and the electric universe stand out as shining examples of inwardly focused stupidity.
The PTB who are directing history only need to search for "candidates" who have a certain group of perceptions. These candidates need to be aware in certain areas ONLY. They need to be uninformed in most other areas. Useful idiots need to have a certain block of desires and perceptions to do the required job. That doesn't imply that they are innately evil.
The internet is making it increasingly easy to become informed;
"The weak underbellies of the elites are exposed (again, McLuan: IBM recognized the power of the computer was not its ability to mimic linear thinking like the Gutenberg Press allowed (in other words not the content of individual [written] data) - but pattern recognition within the accumulated data"
Pattern recognition is NOT something that the PTB want readily available.
It makes it more difficult to recruit useful idiots. A big percentage of people in GOV do not like being used and abused. The Benghazi fiasco showed that GOV employees were catching on to patterns. Likewise "fast and furious".
The PTB will always be able to find useful idiots to ( knowingly or unknowingly) carry out their agenda. Their actions will be less believable as time goes by.
There is a belief in many areas that the statists want to bring down America in order to create world socialism. There is also an enormous number of people who go about their daily business trying to create a better world for their children.
With the Net, it is getting increasingly difficult to convince people to take actions that will harm them.
The new perception of fluoride is a good example.
Posted by WD on 01/20/13 07:48 PM
@ DB
"DB: You're kidding, right? The US was "at the mercy" of money power BEFORE the Civil War?
"
Very nice straw man! There is little such evidence pre Civil War, but there is much evidence between the Civil War and 1913. How clever of you to have left that out. You might note that this ploy only works on the historically illiterate. How nice of you to reveal your intended propaganda audience. Readers take note.
Reply from The Daily Bell
Ah, you begin to reveal yourself. And what you've written is absurd.
You claimed that Money Power easily subverts libertarian civil society. We pointed out that pre-Civil War in the States there was precious little formal evidence that this had taken place for freemen under the Constitution.
You then pointed out that by providing evidence you requested we were actually offering you a "straw man." Without rebutting our point, you announce there is evidence between the Civil War and 1913!
Well, of course there is. In fact it took a million dead to raise up Money Power in "these united States."
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Posted by Abu Aardvark on 01/20/13 04:25 PM
Chris Rossini over at EPJ writes: "Bernanke Is Blind As A Bat"
Click to view link
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Posted by Abu Aardvark on 01/20/13 01:59 PM
DB: Ben Bernanke surely must know what he is doing, and his protestations of ignorance probably ring false.
BM: Who knows for sure, but my sense is he is a true believer, not a true insider.
AA: I tend to agree with BM here. Having watched Bernanke in public appearances - in particular being grilled by Ron Paul for several times - I guess Bernanke would have to be an actor of Robert De Niro's league to merely feign his apparent belief.
I could be wrong, though ...
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Posted by dave jr on 01/20/13 01:24 PM
BM: But then what is the point of your statement?
The point is, the methods may be similar but doesn't necissarily convey intent. Intent should be the focus.
For example, I'll conceal to my employees that I'd rather pay them as little as possible. But the intent is not to reduce them to slaves.
Bernanke on the other hand, educated in economics, knows the result of the policy. Even under interogation, simply wipes the blowback off his face, claims he didn't know, and then proceeds with even more egregious policy. I don't know how you train somebody to do this without them knowing the true intent.
You are right though. I know better to keep 'we' out of the dialect.
Always a pleasure, BM.
Posted by bionic mosquito on 01/20/13 12:26 PM
JR: The man is not stupid…
BM: I didn't mean to suggest he was.
JR: …and must know full well what he is promoting.
BM: Neither of us can say. Like many Ph.D. academicians, he might be so full of his own self-importance that he doesn't see much beyond this, all-the-while being fully convinced of the infallibility of his academic beliefs. There are thousands of people like this. Can you imagine a more useful vassal?
JR: It is a mistake to under estimate their intelligence.
BM: There is a difference between intelligence and wisdom. I don't underestimate his intelligence.
JR: It is a mistake to believe they are trying to do good but are having trouble getting it right.
BM: I believe this is true of many so-called public servants. Whether it is or not, who can say.
JR: Participating is participating. Whether consciously or not, is not the point.
BM: I agree; but this doesn't invalidate the notion that there are many true believers who are trying 'to do good but are having trouble getting it right.' If there is any justice, in this world or the next, I hope the judge will see it our way.
Much intelligence is given to the true believers. That they do not use this wisely will hopefully be a mark against them.
JR: So what is a 'true believer'? I will define it as a class of people endowed with intelligence and use it decietfully to gain advantage over others.
BM: That isn't my definition. I agree Bernanke is deceitful. His deceit is not in his belief in central banking as being the necessary tool to shepherd an economy - I think he believes this is true and his purpose. His deceit is most visible in his words, which purposely hide from the lay population the actions of the central bank. My guess is he views that as part of the job description.
JR: And again, we all do it to a degree.
BM: Deceit: the act or practice of deceiving; concealment or distortion of the truth for the purpose of misleading; duplicity; fraud; cheating.
If you are using this as a throwaway line - like we are all human and therefore are imperfect, fine. Kind of like the way I pretend like my real name is bionic mosquito, perhaps.
But then what is the point of your statement?
Otherwise - if you use to mean that, to varying degrees, this is the means and moral philosophy 'we all' live by - keep your 'we' to yourself.
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Posted by dave jr on 01/20/13 11:29 AM
BM: Who knows for sure, but my sense is he is a true believer, not a true insider. His "Helicopter Ben" thoughts could have been enough to show those in power that Bernanke was the man they wanted. My sense is he was chosen for this time and these events specifically because of his previous academic work and the certainty in which he held his beliefs.
With all due respect, I will have to disagree. The man is not stupid and must know full well what he is promoting.
So what is a 'true believer'? I will define it as a class of people endowed with intelligence and use it decietfully to gain advantage over others. And again, we all do it to a degree. But there is this super class, apparently, who feel ordained to rule over humanity, own the earth and dictate who will live and die. They can not stand on their own merits. That, they have to borrow. So who truly is the debtor?
Posted by bionic mosquito on 01/20/13 11:12 AM
DB: Just because the system is set up to fail does not mean that all those involved, even at a top level, are actively participating in the destruction of Western economies.
BM: This, I believe, is correct. I don't believe the control could be nearly as thorough without many true believers in key positions.
DB: Ben Bernanke surely must know what he is doing, and his protestations of ignorance probably ring false.
BM: Who knows for sure, but my sense is he is a true believer, not a true insider. His "Helicopter Ben" thoughts could have been enough to show those in power that Bernanke was the man they wanted. My sense is he was chosen for this time and these events specifically because of his previous academic work and the certainty in which he held his beliefs.
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Posted by dave jr on 01/20/13 11:04 AM
Participating is participating. Whether consciously or not, is not the point. In one way or another, we all participate. It would be impossible to draw a line where conspiracy starts.
One can not reside very far up the totem pole and not 'know'. I expect the elite to police their own kind. If they can not do it, who can? As a matter of IF they will, they are guilty as well.
But guilty of what? In that regard, we are all human and I will suspect anyone wearing a halo. Maybe they would make a better frisbee.
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Posted by dave jr on 01/20/13 10:00 AM
I am with you Danny B. The 'crises' is the result of government assisted monopolizing and at least 30 years of off shoring. The housing bubble was 20 years in the making and designed to artificially up hold the economy during the process and to help maximize the effect. It also serves well as the scapegoat.
It is a deadly mistake to believe the centralizers only want what's good for humanity in general and economies in particular. It is a mistake to believe they are trying to do good but are having trouble getting it right. It is a mistake to under estimate their intelligence.
Oh, and speaking of intelligence, the agencies are here to monitor the awakening, right DB? As people awaken to their plight and want answers to the cause. People are predictable and the perps don't want trouble. They want dependence and servitude.
Actually, I don't have a problem with money power. Money buys power and power sells money. It has always been that way and people have no one to blame if they look at themselves honestly.
What I have a problem with, is how it is attained. Instead of mutually beneficial endeavors, it is too easy to just take it. Generally, decent people are gullible, trusting to a fault and again have no one to blame. But it is the decent people who are responsible for any 'goodness' in this world. As they are made into meals, goodness is lost. Civilization sinks into the abyss.
Hard working honest people make this world and jackals feed on them. An elite has to choose which he will be and he also has no one to blame for the resulting world he or his offspring will live in.
Leadership flows from the top down and the stench indicates what is at the top.
Reply from The Daily Bell
Danny B. is making an assumption that The Daily Bell may not share. Just because the system is set up to fail does not mean that all those involved, even at a top level, are actively participating in the destruction of Western economies.
Ben Bernanke surely must know what he is doing, and his protestations of ignorance probably ring false. But who is to say that the rest of these Fed economists - even at a very high level - have been instructed to dissemble and are following those orders? Conspiracies work best when only the very top people know what is going on and the rest simply follow, often blindly.
Posted by TerryWriterFromPortCredit on 01/20/13 09:29 AM
Emerging patterns are manifesting directly as a result of the advent and power of the new (relatively speaking) technology represented by the phrase The Internet Reformation. If for example you marry the Global Research posting by Colin Todhunter titled "The Lies of Democracy and the Language of Deceit" and Jon Rappoport's posting "Matrix Programming 101: Destroy Logic" at Click to view link - add that to communication theorist Marshall McLuan's 1967 book "Understanding Media: The Extensions of Man" - whether you are a fan of or believe anything these writers propose - you cannot (again in my humble opinion) deny the patterns that emerge.
(In this case for the purposes of The Daily Bell to keep alive the threat imposed by the existence of the elites [degree of influence is the only arguable point - not whether or not they exist. They do! Which begs the question: What are they up to?]).
The Daily Bell by following and analysing this secretive group's actions seems, through meme-hunting, to me an extremely important and necessary safety valve so we as Global Villagers with global concerns do not get blindsided by their actions. (In other words somehow mitigate or head off, and eventually end [front-run?] the results of their seemingly pathologically sick schemes). Admittedly my proof of this comes only by the emerging patterns I recognize (in other words what works for me as I awaken and ask more and better questions [right or wrong]).
I believe that they - this traditional and now easily followed group - is dying an organic death. The question that follows then is how much damage will they do while they are in their death throws (read: acts of desperation)- and do their heirs have the ability to adjust to the new environment (and what are the new mechanisms that will allow them to keep their agenda alive?). If that is the case, they had better speed up at electric speeds (but it does not appear they can react that fast [my analysis using the meme metaphor could be wrong and I may be missing wide of the mark here).
Prior to the internet - you had to read a ton of books to get how all this comes together. Now pattern recogition has manifested the internet into the giant book of all books; an equivalent of Edgar J. Cayce's belief in the ethereal "Universsal Library" - the repository - of all man's deeds to date. (Again I am not necessarily advocating nor denying Cayce as a prophet with a specially ordained library card. I am only suggesting that because I don't have one of those permits, that does not mean that repository or his prescient abilities do not or have not existed. They very well might. If they do not or have not existed, then, just by the fact the possibilty was proposed, it has transformed them into the realm of myth - which makes them even more powerful!
One thing that hooked me to this website was the interview with David Icke. While most interviewers would judge the man certifiable when at the end of his exposition of power elites and what mediums they use to strategize (as he proposes with his "the moon is a satellite" theory inhabited on the dark side with reptilian aliens that have spawned hybrid hum-alien-eptiles (the elites with distinct bloodlines that can metamorphize into actual reptile looking humans on two legs with big black beady alien eyes [e.g. The Royals]) - as myth it works because they "act like" they are cold-blooded, un-empathetic hybrid humans - and so it becomes a "possibility" (And so prepares me for the possibilty that it is true [call me paranoid if you will {a healthy paranoia, perhaps, if such a condition exists?}).
The possibilty that there are beings that exist outside the detection of our senses is a reasonable assumption when you consider it in the realm of imagination as the literary critic Northrop Frye would propose it. The power of the imagination to create "reality" is still a huge and mysterious faculty. I would argue it is preparing us for the emerging of a type of sense (a 7th sense if you will) through that mind-faculty (as opposed to a kind of third eye popping out on our foreheads [or better still at the back of our heads (like Wayne Gretsky seemed to have, eh Anthony?]).
Maybe that is the real apocalypse that has just happened the world over on Dec. 21st/2012? The change or evolution of consciousness as some put it (e.g. John Perkins of "The Economic Hitman" fame and his redemptive attempt through Pachamama (Mayan for what we would call Mother Nature [or Earth Power]) and The Pachamama Alliance (a group of Inter-related traditional and new Shamans) for his past involvement in the IMF (a particilarly nasty piece of world re-organizing through financial con artistry there, I tell you).
The Pachamama Alliance is based in Peru who experienced the ugly hand of the IMF relatively recently and are still reeling from it, I believe [or at least not allowing that financial front running group back in to rape more of their resources from the ground [some Pachamama power there, one could argue).
So the real end of the world as we have prior known - the evolution of consciousness - has to give credi to the internet and its reforming powers. And so I say: Long live pattern recognition - The Canadian Curator.
Reply from The Daily Bell
Interesting post, thanks.
Posted by timoore on 01/20/13 07:18 AM
Mr. Wile, marvalous job. Bravo. Please continue on your path of telling us the truth.
Have you ever considered interviewing Glen Beck? Or, if you have, please tell me when.
Thanks again for your efforts.
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Posted by Joe on 01/20/13 05:15 AM
This is a good peice it is simple and tells us the problems with central planning in an easy to understand way.
Posted by Dr.Science on 01/20/13 01:46 AM
One more thing... . I'm new to this website. but upon rambling and searching, I'm loving what I see. Enter " Edward Mandell House " into the search engine provided. The powers of the banking elite placed him directly next to President Woodrow Wilson (democrat) but not as a cabinet member but more like his alter ego. The man even had his own place to live within the White House. The Federal Reserve Act got voted on the day before Christmas break, 1913, by the time most statesmen had gone home (before there was airliners). It was signed by the President within 3 hours of passing both houses, faster than a congressional pay raise! In 100 years, we went from owing zero to owing 16 trillion dollars! And got the income tax law at the exact same time, in the exact same way.
Posted by Dr.Science on 01/19/13 11:55 PM
If you haven't read the book "None Dare Call It Conspiracy" by Gary Allen, I'd highly suggest doing so. It is as important a piece of literature as Orwell's "1984", except that "1984" was a novel and Allen's book is a documentary. In this book (can be read on line from several sources) it gives the full account of how the highest elitists in the US and the world orchestrated the "banking scares" of the early 1900's, how Woodrow Wilson was placed into a puppet presidency, and how the Federal Reserve Bank came into existence. If it weren't for the Fed, there would be no National Debt. This book names the very people, many of the same names that appear in your articles. Bear in mind the copyright of this book is over 40 years old.
'When you think about it, there are really only two theories of history. Either things happen by accident neither planned nor caused by anybody, or they happen because they are planned and somebody causes them to happen . . . Why does every recent Administration make the same mistakes as the previous ones? Why do they repeat the errors of the past which produce inflation, depressions and war? Why does our State Department 'stumble' from one Communist-aiding 'blunder' to another? If you believe it is all an accident or the result of mysterious and unexplainable tides of history, you will be regarded as an 'intellectual' who understands that we live in a complex world. If you believe that something like 32,496 consecutive coincidences over the past forty years stretches the law of averages a bit, you are a kook!'
see Click to view link
see
Posted by Danny B on 01/19/13 08:33 PM
Dear Bell, I'll tell you a story as well as I remember it.
In 2004, The RE fraud dept of the SEC notified the higher ups that a fraudulent bubble was forming in residential RE.
That dept was reduced from 101 personnel to just ONE.
A similar story occurred at the FBI. A similar dept warned of the same thing and was dismembered to a great degree.
Then, there was Brooksley Born.
Click to view link
In summer of 2005, I read the pages of the goldbugs. This was convincing enough to me to abandon my plans of living in Bend, Or and taking it easy.
I had/have no formal education in economics. If I could figure it out from goldbug pages, it had to be pretty well defined.
For the FED to claim that they saw nothing until 2007, is utter lies and deception. The claim is NOT worth considering.
Greenspan knew what was coming. He had to look to academia to find someone foolish enough to take over the reigns of the Titanic.
Global wage arbitrage had wiped out American labor.
Greenspan knew that any bubble that he tried to blow would immediately shift to foreign production. The only bubble that he could blow that would keep Americans working for a while longer was in DOMESTIC construction.
Martin Armstrong had to be jailed because he was too accurate. Born was muzzled.
The MBOs and CDOs were sold to foreign investors to try to drag in a bit more capital before the blowup.
How do you tell if Bernanke is lying,,,, his mouth is moving :)
Posted by Leviathanfighter on 01/19/13 08:14 PM
All so very true. Their cavalcade of lies about economics continues. Their whole existence is permeated with lies. Their lies must be countered with all the resources that we can muster. This amounts to an information war.
The one great piece of news is the destruction of the memes of the power elite via the Internet Renaissance.
Every day, I see evidence of it as I peruse the net. The dominant social themes of the elites are getting slaughtered in that pesky, uncontrollable forum. It's great fun to watch, and I am really getting to enjoy this massacre. There is a fresh, infuriatingly democratical atmosphere to the whole thing which the elites cannot possibly survive.
Just be patient and keep your guns focused on the absurdity and impossibility of the fool's errand, and keep on marketing and promoting Austrian economics in every way and venue possible, from lofty essays to YouTube cartoons, and the scoundrels will eventually have to concede the battle.
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Posted by Abu Aardvark on 01/19/13 08:09 PM
WD on 01/19/13 03:03 PM wrote:
"We all agree government has been coopted by money power. Is anarchy the answer? Exactly how can anarchy be expected to solve anything since, historically, it never has? "
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"Complete Liberty - Episode 160 - History of anarchism, civilized voluntaryism, uncivilized statism"
Click to view link
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Posted by Abu Aardvark on 01/19/13 07:55 PM
WD on 01/19/13 03:03 PM wrote:
"We all agree that freedom is the most productive answer, but constrained by the rights of others. Under anarchy, exactly how are the rights of the underdogs protected, and who will enforce such protection in the face of money power? "
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You're confusing anarchy with anomie. Read Hoppe. You're welcome.
Click to view link
Click to view link
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Posted by TerryWriterFromPortCredit on 01/19/13 07:51 PM
Call me a fool if you will but here is how I see it: the idea of The Internet Reformation as you aptly have coined it Anthony is what Marshall McLuan in his 1967 book "Understanding Media: Extensions of Man" would call - 1) A "Global Village" (which is a communication system - not an economic/financial or political system as the power elite would have it) and 2) "The medium is the message" - and we now know he was anticipating the evolution of the computer to the point where we can now confidently say: and that message is the internet.
He goes on to clarify further by stating that a new technology creates a new envirionment and its content is the old medium(s) [books/TV/movies/magazines/histories [both honest attempts at chronolgy as well as those manipulated for mostly propaganda purposes] etc. etc.). So here is where us reformers can stop saying the rubber meets the road (mechanization)and say the electric meets the magnetic (automation/automatic). It is now made perfectly clear that the power elites are old. Their strategies are old.
The patterns being recogized are opening eyes. Awakening curiosity to more honest-seeking and better questions. The weak underbellies of the elites are exposed (again, McLuan: IBM recognized the power of the computer was not its ability to mimic linear thinking like the Gutenberg Press allowed (in other words not the content of individual [written] data) - but pattern recognition within the accumulated data. The old boys are linear thinkers - i.e. literates - book readers. They read and write books so they can front run the public's perceptions by suggesting that to get smart we have to read (their books, of course), and to disseminate information through those readings (the underpinning mechanism used in state education systems (read: a patenting of humans [a poor attempt at a cloning of a sort]}).
It is a long and laborious process. One that reqires long term thinking, and, to their credit, long term patience and planning. Their 100 year experiment (some would say longer if you trace back The House of the Red Shield {Rothschild in German} - and their cromnies (e.g. the recent melding of the Rockefellers and Rothschild fortunes [a despereate last ditch effort to counter the infowars, perhaps?) Yup. That house is done. Dead. Zombie-ed like their banks. Information now travels at the speed of electricity and has magnetic powers - thus, The Internet Reformation is a manifestation of the world wide web as the real New World Order.
We are wearing our collective brains on our desktops - and we are engaged. That is the environment we all now live in. All the reasonable thinking that has been done over a couple of thousands is now in our electric brains - accessable at any time. The collective world voice of reason is emerging - and once it filters down to all 7 billion of us "little guys - the everyman" - look out! Marry that with the photo' of the earth from space - and you are immediately reborn into that Global Village (whether you want to be or not).
And our board of wise elders have not allowed the tradition power elites a seat. Like Zombies they are dead - they just haven't enough sense to go lay down in the grave they've dug for themselves. The (divine right of) King(s) is dead! Long live the internet. It is a process reforming the global mind. And that mind is not hive-like in the "mob" sense. No - not at all. It is a group of individual thinkers in aggregate - And so, to the end I say: All the best, my brother and sister Global Villagers. And to you, a personal thanks, Anthony Wile - The Canadian Curator.
Reply from The Daily Bell
Thanks.
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