STAFF NEWS & ANALYSIS
Now Mainstream Notes an Upcoming Wall Street Party
By Staff News & Analysis - January 02, 2014

The economy is growing. The free market isn't. That's worrying … It's not just the year that's changed. The New Year economic outlook seems very different, too. We've gone from gloom in 2013 to boom in 2014. No longer are pundits writing pieces predicting our imminent economic demise. Instead it is all about rising house prices, stronger sales and growth. An extraordinary number of new jobs have been created, and unemployment has fallen to slightly more than seven percent. – UK Telegraph

Dominant Social Theme: Monetary manipulation is not a good idea. Let markets rule.

Free-Market Analysis: Here's a meme often repeated: The free market is under attack in the 21st century.

In truth, markets generally have been under increasing attack for the past two or three centuries, or from whenever the modern globalist conspiracy took root. Some date it to the creation of the historical Illuminati about 300 years ago.

Anyway, this article falls into the trap of presenting this elite meme. But in many ways it is also a good and perceptive piece of writing.

For instance, it is the article's perspective that capital is no longer allocated by the free market but by official fiat. We could have written this observation ourselves. In fact, we have, over and over. But it is refreshing to find someone else penning a similar sentiment within the context of the mainstream media.

For instance, it is the article's perspective that capital is no longer allocated by the free market but by official fiat. We could have written this observation ourselves. In fact, we have, over and over. But it is refreshing to find someone else penning a similar sentiment within the context of the mainstream media.

The author of this column, excerpted above, is Douglas Carswell, a young, published author who also happens to be MP for Clacton. While he may not comprehend the longevity of the problems to which he refers, he comes close to presenting what we call "directed history," when it comes to these monetary issues.

That's another reason for drawing attention to this editorial. Here's more:

Over the next few months, I reckon we are going to see a flurry of good news about the economy. All sorts of forecasts are going to be revised positively. But a note of caution. Pundits – like politicians – often have a herd-like mentality.

If every other financial journalist is writing about the End of Days, a reporter will be more likely to make the news story they are writing about fit that narrative. And when the herd collectively tires of one particular narrative, they then tend to fit the facts around a new one.

If there was excessive pessimism in 2013, watch out for undue optimism in 2014. There will, I believe, be a sharp increase in output in the coming months – and all manner of positive economic indicators. But I suspect that neither they, nor the commentariat, will tell us the full story.

… Sustainable growth happens when capital and technological innovation combine to create new and better ways of producing more of what we want. The good news is that there is plenty of technological innovation out there – from shale gas to driverless cars to new medicines.

Not to mention things we have not even yet heard of. My concern is that the partial nationalisation of capital allocation since 2007 will hinder sustainable growth. We seem to have a capitalist economy, at the heart of which capital is no longer allocated by the free market, but by official fiat.

Notice Carswell uses shale oil and driverless cars as examples of technological innovation. To the best of our knowledge, shale oil extraction was invented back in the 1920s and no one except certain government bureaucrats and various statist allies, perhaps, have been agitating for driverless cars.

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We would classify shale oil and driverless cars as sub-dominant social themes, technological evolutions created for the purpose of advancing internationalism among other things.

Shale oil may destabilize the petrodollar, thus ushering in a new and more global reserve currency. Driverless cars obviously offer more control over the driving experience, a key concern of those who want to continually expand supervision of travel.

But no matter: On the topic of the economy, the author makes good points. "You need to look beyond the headline growth figures [and] most pundits don't," he points out. And, "Once monetary stimulus is exhausted, I suspect, we are going to need a fundamental rethink of monetary policy."

None of this is earthshattering but it confirms again that the evolution of Western economies away from their industrial roots is becoming more and more obvious. This author, for instance, refers to an upcoming white paper on the topic of fiat allocation to appear in January.

We doubt he will stop there. And thus, the information purveyed by what we call the Internet Reformation spreads. Indeed, it is increasingly difficult to conceal deliberate economic manipulations. There are too many writers observing what's going on and too many outlets for their musings.

In this instance, those behind "fiat allocations" are the same as those organizing the ongoing "Wall Street Party." The combination of relaxed regulations for IPOs, expanded monetary stimulation and the collapse of the price of gold, just to name a few events, are creating rich soil for a further equity advance.

After Thoughts

But it is becoming clearer and clearer that this advance is particularly calculated and mechanical. We are not the only ones to see it.

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