It would be nice if this singularity you mention would hurry up and get here before the fiat currency pyramid scheme topples. I guess we all may be 'muddling through' for a while between the two events, but I bet the singularity arrives before 2025

It's clear they will be 'more logical.What school of utilitarian thought will they follow?

but wont the elite keep them in a box to do their bidding?
but wont the government run the machines? D'oh...

You are watching bureaucratic delay action projects being fielded to a world that expects answers even when problems defy them. The so called "elites" will serve them up knowing they are bandaids but they buy time.

The unfortunate fact is that the mobs are forming, ready to incorporate those who become angry when their entitlements are cut, if not eliminated. When that happens, leaders are assassinated, anhilated. Mr. Papendreu knows this and wants out. Watch other leaders as they leave. The last time leaders had to exit in a hurry enmasse was in WWII, as victory became ours.
We are witnessing it now with what happened in Libya, Quaddhafi went down as gruesomely as Mussolini, those traveling with him!

I hope you all are noting that when european debt is mentioned it is now referred to as "sovereign" debt. I suggest you look up the word. It may give a hint. Again history trumps your modern world.

]Western elites . . . have received numerous setbacks in the 21st century. The Internet itself is the major one, ... didn't see it coming ...

Other things they don't see coming are NANO-SOLAR, REGENERATIVE CLONING, COLD FUSION and SAI. My science- and tech-challenged friends will laugh at me for some of these, but their ignorance aside, all of these will change the world's power paradigm significantly.

Within 5 years of now, you will see a kilowatt hour from NANO-SOLAR cheaper than a coal-generated kilowatt hour. This will make electricity production into a distributed technology and wipe out the internal combustion engine.

REGENERATIVE COLONING will wipe out the need for expensive surgery thus impacting the usurious exploitation rackets of medical insurance companies and hospitals.

COLD FUSION experiments have now been replicated many times in various major labs, such as the U.S. Naval lab, and there is no question the reaction produces EXCESS heat. The full ramifications of this technology are being suppressed right now, but it's only a matter of time.

And last, but most importantly, you will see superintelligent Artificial Intelligence (SAI) emerge by 2025. When AI will supercedes human intelligence, all bets are off. AI will partner with carbon-based intelligence (us), but the interesting thing is this: it may be more rational than Humans.

Given this, SAI may alter or terminate various destructive Human activities, effectively preempting the Power Elite's power. Already AI -- not Humans -- runs the world's international currency markets. Human decisions play almost no role in the transactions. It's thus only a matter of time before Humans cede the rest of their major decisions to AI as it re-writes its source code to become superintelligent.

Reply from The Daily Bell

Great summary, Mr. Jaeger. Thanks.

The Central Banking Oligarchy Power Elite exercises total & complete control over the US & European financial and political life as well as mainstream media. These gangsters have no desire to lose or even compromise their power, control, and privileges. They will stop at nothing, including extreme violence and wars, to preserve & expand their power.

Consequently, any expectation that the Power Elite will somehow allow a peaceful transfer of their power through free & honest elections is outright naive & stupid. No political candidate, outside of chosen by them, has any chance to be elected or even survive. This is the reality and everything else is just a wishful thinking.

PS
IMHO, G-Pap of Greece wanted to get out before things become too hot. At the same time, G-Pap "idea" for people to express their desires/preferences through referendums become very appealing to masses. G-Pap broke a dam.

http://consilium.europa.eu/media/1216793/esm%20treaty%20en.pdf

Blimmin:

1 Arson teams
2 Fire crews

Trip TRAP trip TRAP, where did he go?

Click to view link

Simply a logical step in consolidating the central authority of the EU. Without this step, the EU has no REAL central bank. A central bank without the power to create money out of nothing without the concurrence of the top subdivisions (Germany in this case) is not really a central bank.

To the Daily Bell Staff:

You are right... I am leading you to think. I am not alone.

Today.s publsihed interview with Bischoff illustrates how important history is in forming opinions, especially in economics, the politics used to pervert it. It was a masterful reminder to young minds that there are areas you must visit with some context in hand. That is all I have been doing too. Having children who reactas you do, thinking everything that has gone before is of no import, that this is a new world and get with it... well,that attitude is what has bought us to crisis... to our knees!

You are not from Uranus or herever Superman came from, armed with the intelligence of the univesre to save the world. You are like everyother mind in history. You must know what went before to push into the future successfully because all that you may not want still outclasses your utterances because it is there, stays there and will be there when you are gone. Your voice can add to it, that is all.

To illustrate do you realise what Real Bill is? It is defined by the word Royal..real... Royal. Where does that come from and why was it used this way? These are the inquiries that give you wisdom!

Reply from The Daily Bell

Ha, we'll let Ingo Bischoff answer that if he wishes ...

... "how much has REALLY been reported on the upcoming ESM agreement"...

Here is the latest (AFAIK) version :

http://www.consilium.europa.eu/media/1216793/esm%20treaty%20en.pdf

From page 19 is where the fun starts ( with the magical 700 Billion EUR ):

"The authorised capital stock shall be EUR 700 000 million"


;-)

@DB

You may wish to link the German Version as well :

European Stability Mechanism (ESM) - A new dictatorship

Click to view link

German language with English subtitles !

One of Clinton's profs.

The original video got 120000 views in a month or two.

Some say it had a tiny impact on some of the minor decisions made by our anti-constitutionally acting government/Bundestag, since MP's received more than hundred thousand of 'protest mails' in a very short time.

Which is something german people are not used to do at all.

Seems that sober truth and scary facts actually did speak for themselves this time.

Der Spiegel wrote a vicious, but surprisingly lame hit piece on this not refuting one single point made in it, calling it polemical, divisive,'anti-European'(knockout argument) concluding with:

'Nothing has been exposed here, the treaty draft has long been available on the internet'(But uups, somehow we forgot to report on this).

DB predicted a delicate, little plant of german 'tea-party', by the way...

Reply from The Daily Bell

The video version we saw seemed fairly recent, but what you report supports our understanding that this is treaty draft is supposed to go "down the memory hole." Then it is to be resurrected, assuming the EU still exists, near deadline and somehow jammed through. We did write a nascent German Tea Party, you are correct. And we hope it takes root ...

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.

The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank... sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

-- Prof. Carroll Quigley of Georgetown University, "Tragedy and Hope", 1966, pg 324

Oh Great Bell, one has to take a huge collection of considerations into account to get an [hopefully] accurate picture of the ECB, EU and ESM.
One has to analyze the operating system of the U.S.S.R. and compare it to the still-developing operating system of the EU.
The U.S.S.R. was a command-economy for Russia and parts of Eastern Europe. It was bloated with bureaucrats. The current bureaucrat load of the EU reduces the members GDP by 20 %. Forced economic integration should make it much worse.

With a bit of luck, the EU should be able to replicate the malaise that smothered Eastern Europe. Compare the GDP of communist East Germany to the GDP of West Germany.
It appears that the EU has a fully prepared cadre of bureaucratic imbeciles that can be counted on to drive the various economies right into the ground so that they can fulfill their fiscal obligations to the bankers.

The austerity-induced death-spiral won't be of any concern. Only the continued funding of the ESM will be on their collective radar. I'm sure that the bureaucrats fully believe that they can legislate productivity. I have an East-German friend who told me;
"We pretended to work and they pretended to pay us.".

So, the parasitic bureaucrats can be counted on to diminish the economy to the point where it shrinks down to a level where it MUST be run by fiat.
Do NOT have any doubts about the ability of imbeciles. GS wants GOV to inject whatever amount of money it takes to grow the U.S. GDP at 4.5 %
Click to view link

'There are bad ideas, and there's the proposal that economists from Goldman Sachs Group Inc. released Oct. 14. They suggested that the Federal Reserve Board target a nominal gross-domestic-product growth rate of 4.5% to decide how much money to inject into the economy"
Amazing that some people still believe that one can print money and it is wealth.

The Eurocrats are NEVER short of stupid ideas. Japan's debt is 200 % of it's GDP. The Eurocrats were looking to Japan for a loan.

The paradigm is this; Consumptive power in the West has been / is being steadily reduced. There is NO NEED for endless legions of bankers and bureaucrats. There is no money to pay for all the parasites. The bankers and bureaucrats have legislated all the ""money"" to them selves. This ""money"" is just claims on future productivity.
The would-be producers are NOT going to produce when they know that it has been stolen by fiat ahead of time.

Of course the banker have the sure-cure for this. Privatize everything. We shall see.

Do not discard the idea of monarchy offhand. The two largest pools of capital in the world are the Dutch Royal Trust ahd the British Royal Trust, their wealth drawn from citizens of both countries who had gone abroad, built successful enterprises, had them confiscated by rogue dictators and revolutionary regimes but had the forethought to register them with their rulers and the royal trusts.

That registry allowed them minimum income, despite the frozen funds, and eventually the nations that took them, when they wanted approval from the rest of the world for trade, had to negotiate payments re these "stolen" properties to gain traction in international trade. The Royal trust was the first form of social security. The most extreme example of this is when Carl Marks, a very clever young man, bought up all the claims and czarist bonds he could get for pennies on the dollar and when Soviet Russia wanted in on the international scene after WWII, the Soviet government redeemed so much every year of those bonds!By the by, that precedent is what muddies the waters of any nation's default now.

I know all you bright young minds have been through university but you have been shortchanged by your marxist lecturers.There are things about this world you know nothing about that still mean something, even if it is beyond your comprehension. The people bidding for the remnants of Corzine's latest adventure bid on this basis for the assets of that melt down!

The elites know the history of finance... that is why they are the elites an you are not!

For those of you who are students of Americam History, this was the core of the Burr Hamilton acrimony. Burr, like all revolutionaries said "screw" the Tories. We won and what was theirs is now ours. Hamilton knew about the Royal Trust (It was set up during Henry the VIII's regime for catholic properties taken by the crown)and won the day because until the new USA recognized the right of those who had property we could't trade in the Caribbean let alone any where else. You must realise, the western world follows the Bible when it comes to property and that book says that when a man, or woman, makes smething, builds something it is an expression of God's will and God pleasures in his work and so it is sacred... belongs to who made it come to pass!

Reply from The Daily Bell

Nithsdale, you posts, beginning only recently, are surely allusive and yet also something more. We get the feeling recently you are on the verge of saying something interesting, even important. We're damned if we know what it is, or can make it out ...

DB The idea of 150 people at most...
Pretty ambiguous reply. W. L. Gore & Associates, Inc.. the company that makes Goretex started years ago to set up factories and other company divisions so that they would have no more than 150. The company has been very successful and others have since emulated them with good results. Most people can have a real realtionship with, that is remember their past interactions well with only about this number. With more than that it is psychologically difficult to think of everyone as members of "your team".

DB reply: Interesting perspective. We think tribal/clan societies are probably the best that can be hoped for. Smaller is better? And private justice too...

Most of the time of man on earth has been in small groups. We almost seem to be hard wired to work best in certain sized groups. Companies, military organization and other types of institutions have used them all through history without even realizing it, until recently. That is until Dunbar wrote about them. Dunbar numbers. The wiki is not bad.

Reply from The Daily Bell

The idea of 150 people at most ...

"Totalitarianism does not appear to be the vehicle planned for our world."

HaHaHaHa, now there is a sense of humor! We can have some freedom if we can afford it. Free to choose macaroni or seashell noodles.

The video is well done. it would be a great service if some in the US did a similsr "to the point" on all major legislation in the USA. NTA tries but that is all we have,

Totalitarianism does not appear to be the vehicle planned for our world. Dictators do not deal in contracts and what is outlined is a contract, albeit a stiff one. From the reports re Greece, suggestions that Papandreu's goverment might give way to a monarchy maybe were a hint. If you add every business journal, TV group, economist, and all government officials referring to government debts, even ours here in the USA, as "sovereign debt"... well, perhaps it is Hegel dialectism.

Perhaps the greatest set-back for the EU has been falling short in their efforts to create a state mechanism for the Euro-zone.

With a "legitimate" executive, legislative and judicial system, they could find ways to mandate compliance by law from satellites. But alas that hasn't happened, as member states wouldn't go that far.

So EU leaders must resort to "Merkozy" dances and to creating nice sounding organizations (like European Stability Mechanism) to address EU issues. These top down actions have an air of authority and noble purpose, but they are really toothless tigers.

Can the PE really expect European countries to comply with such an idea as the ESM? In the age of the internet, it seems less and less likely. And how could the Euro-leaders enforce it anyway?

Let's hope this effort just quietly falls into the dustbin of history.

One word: Bundesverassungsgericht.

Look it up in the Internet, it does indeed educate those that seek knowledge

Reply from The Daily Bell

The Federal Constitutional Court ... Of Germany. We've written about the decision. But who knows what the Eurocrats will do to wriggle around it. They will stop at nothing - though there may be nothing left in a month or a year anyway ...