News & Analysis
New Elite Gambit Features "Transparency?"
Bloomberg Sues ECB to Force Disclosure of Greece Swaps ... Bank, seeking the disclosure of documents showing how Greece used derivatives to hide its fiscal deficit and helped trigger the region's sovereign debt crisis. ... The ECB case follows a 2008 lawsuit by Bloomberg LP seeking disclosure of the U.S. Federal Reserve's records on emergency lending under the Freedom of Information Act. ... "Bloomberg is committed to transparent markets all over the world," said Matthew Winkler, editor-in-chief of Bloomberg News. "Decisions made behind closed doors helped contribute to the global economic havoc of the last few years. Money flees secrecy and unanswered questions undermine the financial system .... "Bloomberg wants the ECB, as well as the Federal Reserve and other financial institutions around the world, to end this damaging opacity." – Bloomberg
Dominant Social Theme: Sunshine is the best disinfectant.
Free-Market Analysis: Here at the Bell, we are professional meme watchers. It is a dangerous occupation, fraught with paper cuts and eye-strain; we persevere nonetheless. Comprehending the fear-based promotions of the power elite, helps us in our larger quest to understand the way the world works – and even to make wiser investment decisions. In this article we will examine a meme that we believe may be of the growing importance ... TRANSPARENCY.
Actually, we've mentioned it before, but recently we've stumbled across some material that puts it in a larger context. Our attention was brought to it initially by our coverage of WikLeaks' Julian Assange. While analysts have found many rationales for Assange's WikiLeaks philosophy, what seemed most significant to us was Assange's use of leaks to try to make governance more honest.
As we pointed out just recently in our article "Ascension of Assange?" we have our suspicions about Assange (we've speculated in a number of articles that he and his organization may be a kind of COINTELPRO); and his oft-stated goal, which is "to make governments less authoritarian and more transparent." In a March 2010 interview with Democracy Now's Amy Goodman, Assange said the following:
We are transparency activists who understand that transparent government tends to produce just government. And that is our sort of modus operandi behind our whole organization, is to get out suppressed information into the public, where the press and the public and our nation's politics can work on it to produce better outcomes.
Assange has identified transparency as a central 21st century issue. And now comes Bloomberg with its considerable emphasis on transparency as well. We have long been aware of Bloomberg's Mark Pittman, an award-winning investigative reporter who generated a lawsuit on behalf of Bloomberg demanding that America's central bank, the Federal Reserve, open its books. He died in 2009 of a heart attack at age 52, but the lawsuit continued and Bloomberg clinched an initial victory. The lawsuit is on appeal.
Pittman's aggressiveness, given that he wrote for Bloomberg, never made much sense to us. Bloomberg is the quintessential insider news source. The idea that Mike Bloomberg would allow his news network to be used as a wedge-issue against the Anglosphere (of which he is part) seemed ludicrous. Bloomberg as we understand it still makes the bulk of its profits from placing terminals on the desks of Wall Street buy- and sell-side institutions. Bloomberg is even less apt to "afflict the comfortable" than Reuters or AP.
Nonetheless, Bloomberg has launched yet another transparency lawsuit at a major enterprise, this time the European Central Bank. That means that Bloomberg's firm has two outstanding lawsuits against the most powerful financial enterprises in the world – the US and EU central banks. What's going on? Bloomberg is mayor of New York and he is not currently central to his business, which is run by others. But litigation against the two largest Western central banks in the world is a major step to take and we cannot imagine that either of these lawsuits would have gone ahead without his approval – tacit at least.
We looked up "transparency" with "Wall Street" and "banks" and found upwards of five million cites. We looked up "government transparency" and found 25 million cites. Same thing with "business transparency." That's a lot. Barack Obama made "transparency" a major part of his platform. A few months ago, NY Senator Kirsten E Gillibrand announced legislation co-written by John McCain – the "Earmark Transparency act."
There's even an NGO dedicated to transparency – Transparency International (TI). According to Wikipedia, TI is a non-governmental organization that monitors and publicizes corporate and political corruption in international development. It publishes an annual Corruption Perceptions Index, a comparative listing of corruption worldwide. The headquarters is located in Berlin, Germany but operates through more than 70 national chapters. The UN has a transparency initiative as well, authorized by world leaders at its September 2005. The initiative calls for "increased transparency and accountability in the UN Secretariat affairs."
Transparency surely seems to be a growing dominant social theme of the Anglo-American elite. The US Congress is engaged in a late-term effort to pass a "whistleblowers" bill. We are sure if we looked, we would find similar EU efforts. We figure it is because people are so disgusted with civil institutions that the elite has decided something radical must be done. Since the Anglosphere is not about to jettison the architecture of global governance – put together of the past half century – transparency is apparently the chosen remedy.
No, the Draconian infrastructure of a New World Order is not about to be removed, or even lightened. In fact, we have no doubt that the elite will continue to make it more complex and onerous. But as this is done, we expect we will hear a good deal more about how these institutions are becoming increasingly "transparent" as a result of people's complaints.
We even believe the meme could come with an enforcement emphasis. Perhaps some fairly well known names might eventually face jail (though no doubt they will not stay there long). And of course, there is Julian Assange. The entire WikiLeaks enterprise is apparently built around transparency – it is central to his effort, he says.
Now we have never stated with certainty that Assange is part of a CIA/MI6/Mossad psyops, but we have led the charge for skepticism in such articles as "WikiLeaks – Clever Psyops" and "Comes a Blond Stranger." (Little of the informtion produced by WikiLeaks seems especially damning but Assange's organization is certainly be used as a justification to further censor the Web.) We have even pointed out how an elite psyops dialectic might work – with the power elite attempting to make societies more authoritarian on the one hand while offering increased transparency on the other; a methodology to shape and control the authoritarian conversation, in other words.
Conclusion: It is certainly one way to position a "chosen one" – a new world leader who will confront corrupt internationalist government entities and private enterprises that are not open enough. This Assange-like individual (it doesn't actually have to be Assange himself) could certainly emerge as the leader of a global revolution to make powerful forces accountable. It would seem, of course, to be a spontaneous and radical movement. In fact, it would simply be the other side of another elite-established dialectic.
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Posted by John Donohue on 01/30/11 02:05 AM
I believe Assange is the real thing but perhaps he may be protected now that others upstairs see how useful he is. Your site is very good in that it gives an unemotional appraisal to a very emotional topic.
Posted by Dogwood on 01/28/11 01:54 PM
I got'cha... Really it's almost how little meaning that word has in the often repeated context. You could substitute "banana" or "crayon" and the request would contain similar logic value.
"We need more crayon!" Would have about the same amount of topical follow-through.
Posted by Dogwood on 01/28/11 11:22 AM
I am having trouble figuring out exactly what your thesis is, but I agree that "transparancy" is frequently mentioned. Futhermore, it is usually a meaningless expression.
My industry, investing, is constantly bombarded with this meme. It is nothing more than a power grab. If anyone wants transparency they can do a small amount of research and get it; there is a wealth of public information already. Some issues are more "transparent" to professionals than to lay people " but would you perform heart surgery on your wife?
Look at the GS CDO hearing... Everything was transparent, but still you have Levin, McCain, and Muclusky throwing down judgement that things have to change due to lack of transparency. IT WAS TRANSPARENT. Plus it was less than 0.001% of the money lost in the debt crisis. 99% lived in government regulated accounts.
Smokescreen for a power grab.
Reply from The Daily Bell
Our suggestion? "Transparency" is the gateway to one-world government.
Posted by Sundaymorning on 12/27/10 12:23 PM
perhaps the goal is to drown us in "transparency"--to overload us with the revelation of so many damning secrets that we will throw up our hands and go back to "American Idol" with relief. I mean, how many times can one be shocked by this stuff before it, too, becomes ho-hum? Knowing without the means to do much about it besides kvetch creates profound anomie. Maybe THAT's the point.
Posted by Bill Ross on 12/25/10 07:47 AM
Merry Christmas and happy holidays DB'ers! Got a few minutes before the libertarians in training and budding free traders wake up to see if they earned a lump of coal, or what.
So, here's my XMAS present to you, a prediction that seems certain:
DB: "New Elite Gambit Features 'Transparency?"
It is not a gambit, elites need / want transparency as much as "we, the people" do. This is due to the nature of hierarchy (the only way to achieve central control) and perspective.
It is a fact that certain very powerful hierarchical control entities residing in law, the state and finance are running amok and, rather than being servants and employees of "we, the people" OR, subservient to elite control have discovered self-interest and have an agenda of their own.
This is a major problem from the perspective of "we, the people" because we are paying a hefty price and taking major survival hits, in all areas including the massive security costs of protecting from the self-defense of predatory victims. The natives are getting restless and social / economic disorder is a near certainty.
This is a major problem from the perspective of elites because poor animal husbandry is negatively affecting the productivity of the slaves and loss of profit due to the cost that the various hierarchical control elements running amok (uncontrolled) by myopic self interest which is not accomplishing elite goals and, in fact, is creating chaos which interferes with the elite control agenda, the ability to finance said agenda and, the ability of the slaves to tolerate this situation.
So, both "we, the people" and elites need transparency as we compete and vye to control the apparatus of state, running amok. Transparency is truly necessary to dominate and keep public servants, as servants and not get uppity, telling the controllers (us or elites) what they can or cannot do and, the cost that will be forcefully extracted to pay for this dubious service. THINK about it:
Click to view link
When "we, the people" and elites have common interest on an issue, you can bet, with near certainty that it will be so. The only question is what will be the cost to MAKE it so?
Another way to look at this is: states have become fat, lazy and incompetent. In other words, excellent prey.
Posted by Dr Stuart Jeanne Bramhall on 12/24/10 11:04 PM
I'm afraid this whole media storm around Assange reminds me of the whole O.J. Simpson circus in a way. I recall it very distinctly because I was a single payer activist.
The week of his arrest (1993) was the same week health care reform (after being headline news for a year) died a quiet death in Congress. So what is the corporate media trying to conceal by beating Assange's sex life to death? Most of the information in the recent cables release is already widely available on the Internet.
At the same time I find it surprising to find absolutely nothing about the "strategic" reasons the US is at war in Pakistan and Afghanistan. Nothing about the Pentagon agenda to foster the secession of oil and mineral rich Balochistan from Pakistan as a US client state " just like Uzbekistan, Kazakhstan, Tajikistan and other former Soviet republics.
Nothing about CIA support for the Baloch separatist movement. Nothing about the CIA training young Baloch separatists in bomb making and other terrorist activities to disrupt operations at the Chinese-built Gwadar Port (intended to transport Iranian oil and natural gas via Pakistan to China).
I blog about this at
Click to view link
Posted by SP on 12/24/10 09:51 PM
All that you have said seems obvious to me.
Assange is a puppet for the PE, to most americans he is a traitor and is risking the lives of soldiers and exposing information about US banks. Terrible man.
He is treating the US worst than most terrorist, in fact he is a terrorist as the media claims.
Such important documents stolen by minions that risk their lives because of some moral purpose. I doubt it.
All BS.
Its for control, and how easy was that.
Posted by John Edwards on 12/24/10 08:58 PM
Merry Xmas to TDB and it's readers/feedbackers. Everybody drive carefully and stay alive and uninjured so we can all continue to discuss/debate our collective/individual futures, and keep demanding change while extolling the virtues of living/working in a freer world next year. Cheers!
Reply from The Daily Bell
Thanks. Happy holidays.
Posted by Owen Jones on 12/24/10 05:15 PM
Reply from the Daily Bell:
"Yes, exactly. This is in fact a part of Austrian economic philosophy. Some things are "evident and obvious." (Though we would like to think we are "realistic" not "paranoid.")"
"There is ONE power elite. It is a historical fact. It controls money around the world via central banking. It is not paranoid in our view to acknowledge it, track it and comment on it. The rest seems to be us to be fantasy ..."
There's an old hippy saying: "Just because you're paranoid doesn't mean they're not out to get you."
Posted by Al Kyder on 12/24/10 05:03 PM
So I can take it that DB is for Opaque government, Corporate secrecy and strict control over what the media can say and print.
The sign of a true conspiracy nut job is when their conspiracy theories destroy their own agenda for being part of the conspiracy
Reply from The Daily Bell
No the Bell is for less government rather than more transparency.
Posted by Bewer on 12/24/10 03:21 PM
I agree that governments are or become what most of the feedbackers say. History also shows that if there are only two people in close proximity, one is very likely in control of the other via size, quicker thinking, quicker acting, or other actions; including killing the other person. This same basic human behavior is in large govts of more than one person. yuck.
Posted by Bionic Mosquito on 12/24/10 02:11 PM
@Zenbillionaire
"The way to stop governments from selling their citizens into slavery is to make borrowing money illegal."
A gold standard would come as close as anything to doing this " not "illegal" but at least far more difficult. At least the borrowing would be somewhat honest. Government debt in the US really took wings after 1971, and during earlier times of suspension of the standard.
"The problem isn't the Fed, it's government borrowing."
Just one hand washing the other. Government enables the Fed, the Fed enables government.
"The legal tender laws need to be abolished..."
I think this would be enough. The cartel of central banking would begin to die. End legal tender, plus educate the population, which is the one reason I am not apathetic about the End the Fed movement (in addition to the education value, I enjoy watching them squirm).
The risk, of course, is the rise of this Kucinich bill....
The Fed will die either because the markets will force this, or TPTB have something better in store. I agree it won't be because the President signs a bill based on popular demands.
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Posted by Zenbillionaire on 12/24/10 01:20 PM
@ The Bionic Bug
"The one system more certain to ruin a currency than a central bank system is one where money is controlled by publicly elected politicians."
This is my belief also, and why I feel so apathetic about the End the Fed movement. I have no doubt that the Fed is a front organization, that it is not and never will be transparent, that central banking is very near the root of all evil, etc, but I don't have a better idea and I think re-arranging the deck chairs isn't going to help anything.
The problem isn't the Fed, it's government borrowing. Thinking Congress will magically stop printing money because you move the presses to a different building would be delusional. The way to stop governments from selling their citizens into slavery is to make borrowing money illegal.
The legal tender laws need to be abolished Congress needs to lose its borrowing authority. After that I don't really care what happens to the Fed.
Posted by John Danforth on 12/24/10 12:42 PM
Here is your new window, it will provide transparency.
By the way, it is one-way glass. Look into it and see yourself. And wonder who is watching you from the other side.
My tin foil hat has a hole in it.
Posted by Bionic Mosquito on 12/24/10 12:35 PM
"Regarding what you have written below, please also see this..."
Yes, my psychologist says that I have allowed TDB to gain too much influence on my subconscious.
Reply from The Daily Bell
Your psychologist! You are really in trouble if you are explaining your interactions with the Daily Bell. They will cart you away ... But thanks so much for this heads-up. It fits into a much bigger picture ...
Posted by JM on 12/24/10 12:16 PM
The "Forbes guy" has stated that the new world financial system would be gold backed and run by a meritocracy (he doesn't define who or how). Could this be another elite dialectic going into play?
Reply from The Daily Bell
Yes ... Secret societies here, secret societies there ... and he is the go-between, and he gets to interview David Rockefeller himself ... on Youtube!
There is ONE power elite. It is a historical fact. It controls money around the world via central banking. It is not paranoid in our view to acknowledge it, track it and comment on it. The rest seems to be us to be fantasy ...
Posted by Bionic Mosquito on 12/24/10 12:15 PM
@DB
Please copy this into the comments thread. Thank you for this courtesy, and Merry Christmas to you and yours.
Click to view link
Reply from The Daily Bell
Very interesting! Happy Holidays to you ...
Regarding what you have written below, please also see this ... Click to view link
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Re: New Elite Gambit Features 'Transparency?' at The Daily Bell
This is in reply to the article at The Daily Bell:
"Perhaps some fairly well known names might eventually face jail..."
This has been my view for some time (assuming we refer to the same thing). The politicians will perp walk many of the bankers, etc., in order to deflect attention and culpability from themselves as the economy continues to crumble. This would also serve the interests of the puppet masters (both to deflect attention, and perhaps as an aide to consolidating further the centralization). The idea of transparency fits right in with this strategy.
In this way, I see Ron Paul's Chairmanship as fitting in with the plan (regular readers should know a) I DO NOT believe Ron Paul is an insider or playing a role, and b) I am quite happy he is in the chair he is in). While his new found position may be playing into this transparency meme, I still feel it is valuable to the efforts of freedom because it offers the chance to educate. This is where the battle lies, and battles are not riskless. His seat in this chair can cut both ways (just as many fear the internet has positive and negative ramifications to freedom). But I digress.
There is apparently a bill that Kucinich will offer. The link is from a commentary by Shedlock, calling the bill (rightly) crazy, and wondering why Denninger is supporting such a crazy bill:
Click to view link
I have earlier commented on this bill myself:
Click to view link
In short, the bill would take the money function away from the Fed and give it to Treasury and Congress. Ellen Brown on steroids.
Why do I introduce this here? Some background:
1) I think TPTB understand full well the risks of central banking and FRB.
2) Knowing the risks, they know how to exploit the system to their advantage.
3) Knowing the risks, they knew that the end would come sooner or later.
4) They may or may not have known the magnitude of the drastic calamity that in fact now seems to have arrived. In other words, they knew it would be bad. They may or may not have wanted it to be this bad.
5) Now that it is this bad (whether by design or not), they must make lemonade out of lemons. Use this as an opportunity to further centralize. One world currency being one of the key, if not THE key, objectives.
6) But the world isn't ready yet. Delay and stall, keep the economy crutched, not allowing markets to clear therefore not allowing the economy to recover and grow.
7) This helps drive home the point to the masses that times are desperate.
What does this have to do with the Kucinich Bill? The one system more certain to ruin a currency than a central bank system is one where money is controlled by publicly elected politicians. If the intent is to ruin the currency in order to motivate the public to accept a one world currency, this bill will gain traction. As the rest of the world uses USD as the reserve currency, ruin the dollar and you drastically diminish the worth of any other currency (what is the value of a currency that has as its reserves the worthless USD?). Also, for the bill to gain traction, we need a few big economic shocks as we had at the end of 2008.
This bill may be the replacement for the failure of the global warming sales pitch, itself a scam to bring to fruition world-wide money in the form of carbon credits. An audible hastily called on the line of scrimmage to try to replace that which was lost after decades of preparation. Again, another reason for the extend and pretend we are seeing today.
To Dr. North's point in his critique of Brown: A false flag infiltrator, meant to gain the conservative's support. 'Yes, end the Fed. I heard that somewhere. This bill will do just that. It must be good. Certainly Ron Paul should support it, that's what Denninger said. As witnessed by Denninger, this bill should gain a relatively large base of supporters from the ignorant.
This will be interesting. If we see some big economic shocks in the coming year (certainly quite likely) this will make it almost certain that a) we will see perp walks for some of the bankers (Congress will do whatever necessary to deflect blame), and b) this Kucinich bill will gain traction ('we must take this power away from this cartel and return it to the control of government where it " falsely - Constitutionally belongs).
My one hesitation is that it is still all too fast. Can the public's mindset be brought around so quickly? Even with the decades of indoctrination this seems like a big step. This suggests one of three possibilities:
1) TPTB are quite desperate (as TDB has often suggested),
2) the crash that is in store for us will be massive (got your beans and bullets?).
The third possibilitymy tin foil hat is much too tight today!
Posted by Don The RkyMtn Gnome on 12/24/10 11:28 AM
@Satis,
Power Elites (PE) may devote significant resources towards eliminating each other. Some argue that a Hatfield-McCoy feud simmers between the nominally Christian JP Morgan and the nominally Jewish Goldman Sachs. Redstone (CBS/Viacom), Immelt (NBC), and Iger (Disney/ABC), likely hate Murdoch (Fox) most for a loss of prestige arising from Murdoch expanding a three man club into a four man club.
@Alexander
Given PE proclivity for winnowing, jumping on the transparency wagon early may provide a measure of defense against becoming a designated scapegoat.
Posted by Myron Goodrum on 12/24/10 09:14 AM
The only thing that I can see that will be more transparent is OUR daily lives! Governments will always have their secrets, and they will always kill anyone in order to keep them.
We are being led down another "prim rose path". A government, is a government, is a government. If you understand government, you understand that government can only be what a government is...force. What good can become of the people as long as government rules the people?
The world is asleep. Government rules absolute over us, but the people somehow don't think this is so.
People actually think they are free and have a say in what is going on. We are fools! We are all slaves to our governments (and the elites who control them). Do you dare to challenge this?
Are we to believe, that slaves will make a difference. Or that our government masters, will actually listen to what millions of slaves say or think. Not without a global rebellion, which could be orchestrated via the internet!
So don't think that this government transparency movement has anything to do with making government more transparent, it has everything to do with US being more transparent. They are afraid in a way. This is their way to limit (or stop) how we communicate with each other. This is about control of the people. Americans should know this ruse by now, have you forgotten the Patriot Act?
Our governments have been reading our minds for years (school, phone, mail, blogs, websites, facebook & other communications where we leave traces of our thoughts). They know we suspect foul play, they know unrest is setting in. They don't wan't us all, becoming mad and angry. If to many of us wake up and openly rebel, they could have major problems. So everything government does (or perceives to do) is designed to soothe our feelings and anxieties, while perpetuating their agenda. Thus making the world safe for them to continue moving forward on their goals for a new world order.
The internet is connecting many people together with ideas (I hope like mine) of true freedom and liberty. I want a world without absolute government control and its complete rule over our money, economies, businesses and personal lives.
As long as we have 'government' as the ruling class, making our decisions, directing our lives as we have in place today, and as long as we continue to utilize the solutions they create & place before us; we will never see the light of day. We will forever have wars, resource shortages, poverty and disease. For these are the legacy of government rule.
Posted by Jores on 12/24/10 08:54 AM
@DB
Many of your critics who would try to deride and marginalize you, would argue that your writings show signs of "paranoid" ideations. But they would be WRONG! There are times, like the present, when being paranoid means that you have a clearer picture of reality than the vast majority. The control and corruption and collusion have become like air. You don't see it , don't smell it, don't taste it, because it is EVERYWHERE!!!!!
Reply from The Daily Bell
Yes, exactly. This is in fact a part of Austrian economic philosophy. Some things are "evident and obvious." (Though we would like to think we are "realistic" not "paranoid.")
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