News & Analysis
Elite on a Tightrope
Obama aide: Debt limit fight could be "catastrophic" ... A fight over the budget loomed on Sunday as a top aide to President Barack Obama warned of catastrophic consequences if Republicans follow through on threats to reject an increase in the nation's borrowing limit. Republicans, who will take control of the House of Representatives this week, are demanding spending cuts to curb the $1.3 trillion budget deficit and several have said they would oppose a higher debt ceiling if Obama does not agree to a range of painful cuts. – LA Times
Dominant Social Theme: We shall overcome. Regulatory democracy shall be expanded.
Free-Market Analysis: In this article, we hope to show that where the US – and Europe, too – are headed has nothing much to do with business-as-usual. This is a dangerous time. The elite is unfathomably powerful yet; its injuries will make it angry. We will explore why the elite simply cannot fathom that its situation has changed radically and why sooner or later the realization that it may have to take a step back will sink in.
The truth-telling of the Internet is forcing changes – and placing the elite on a kind of knife-edge, in which the intended international economic catastrophes must be calibrated to promote continued globalization without overwhelming blowback from the masses. As stated, a difficult time.
The Anglo-American elite is fighting to keep the European Union from disintegrating. And as we can see from the article excerpted above there is a good deal of concern over the US debt situation as well as worry that the obvious US decline will not be properly managed. The elite, which has organized a central banking economy with commercial banks as distribution points, does not wish for a default in either Europe or America.
The global economic downturn has been worse than imagined and aggravated by the communications revolution and globalized network technology. Investments, social systems and the Way the World Works in the 21st century will all be determined by whether the elite can manage to create a version of the New World Order as it evidently and obviously wishes, or whether it cannot.
From an investment standpoint, this is a most important epoch. There are tremendous differences between an elite-run globalist world and one that is less controlled and reverting – unmanaged – toward free-markets. In the globalist world, one inhabits a highly-regulated economy of deteriorating fiat-money driving a plethora of confusing securities "investments." Employment may be scarce and government itself provides the decision-making on a variety of fronts. Opportunities are organized quite literally around elite portfolios with accountants, lawyers and business managers at the top of the hierarchy.
In a free-market economy, we believe the structure would be quite different. Without a diminished legal apparatus of modern economic hierarchies there might be less of a corporate emphasis. People would tend to work together in interlinked, familial partnerships. Legal issues would be worked out without state intrusion. The pace of "change" would be slower and the plethora of consumer gadgets would be significantly diminished.
The core of society eventually would be built around local factories and agricultural, with the large family farm predominating. "Education" – especially graduate degrees – would not be sought after with such vigor; preparing for a craft or trade would be more popular. We base these observations on such small-country environments as Switzerland and Uruguay and on US society pre-Civil War.
We do not anticipate that a free-market society with all its benefits will experience a dramatic resurgence – whether or not the elite succeeds in further expanding the internationalist paradigm. But it is possible that aspects of free-market living and thinking can rise again in the West. The power elite in our view is facing significant challenges as it tries to move toward more global governance. In fact, we speculate that the elite's moves in this regard are setting up some sort of additional dialectic and have speculated it has to do with Julian Assange and an alternative form of global governance that will seem to arise spontaneously, emphasizing the populist will and "transparency." See this article: Transparency Meme Expands.
Just yesterday further elite "squeaks" emerged online in the form of an extraordinary video of a George Soros interview. We are not sure of the provenance, but the interview itself is surprisingly revealing. In it, George Soros suggests bluntly that China's leadership is not yet fully cooperative with the West (despite its intention to bail out Europe) and that if China won't go along with the West's plan for a one-world currency, then two currencies will emerge, worldwide. Nonetheless, Soros emphasizes that the dollar is in decline – a decline that ought to be managed – and that the US is also in decline, terminally, as the engine of the world's economy. China, he suggests will have to take over.
Soros points out that the UK and France used IMF special drawing rights in Istanbul, and blurts out that proves that SDRs can work as a global currency, and that the IMF itself will pay for SDR liquidity via its gold reserves. This is a quite astonishing statement, and one that is in the process of setting the blogosphere ablaze. It tends to confirm suspicions that the powers-that-be intend to use the IMF as a kind of global central bank and eventually to fashion a bancor – anchored or not – out of the SDR program.
Unlike some other Internet publications that insist, strangely, that Soros is not speaking for the power elite, we believe such a strong statement was not made "off the reservation." If Murdoch provides media for the "right" so does Soros for the "left." Soros is enunciating one side of the economic argument; Murdoch's publications and editorials may supply the other. It is the Dialectic at work, a way to frame an argument that gradually moves towards a more globalized currency. We are not sure what to make of his comments about China. They confirm our original thinking that China remains a wary partner in the Anglosphere's drive for a New World Order. See here: China Shows Elite Hand.
The statements generally indicate a further level of discomfort with the global recovery and the evolution of global finance. Why mention SDRs and their use as currency? Is the level of pushback to a global currency such that the elite believes progress in that regard ought to be mentioned? And why explain that the US in terminal decline and that China is going to take over as the world's economic engine whether or the Chinese leaders accept the reality of a one-world currency.
The Soros interview is further evidence that the elite is confronting a troublesome period. It is not only the decline of the United States that needs to be managed – but the decline of Europe, the rise of austerity and the level of cooperation that can be extracted from China. Ordinarily, none of this would be discussed by blogs; but in this day and age the Internet is acting as virtual adjunct to the power elite. Conversations that used to take place once a year at Bilderburg are taking place minute-to-minute on the Web. The power elite in our view misjudged the severity of the downturn of the world's economy and also the truth-telling of the Internet and the degree to which it would be used by every-day people once they started losing their jobs and pensions.
We would go further and suggest that it is the arrogance of the elites generally – especially after the triumphs of the 20th century – that led them to this place. They were surely blindsided by the Internet and even now with their maneuvering exposed they forge ahead as if nothing has happened. There are perhaps many reasons for this behavior but one of them surely is that after so many years of ruling the world behind the scenes they cannot fathom that their power is less than unbrookable or that their plans are less than absolute.
Conclusion: As setbacks mount, so does concern. We would anticipate that if the anxiety grows strong enough certain actions will be taken – a war being the most likely. We hope the reaction is not simply to lash out. Sooner or later, Western elites may have to take a step back from their plans for world dominance – simply because the situation demands it.
Posted by Cat Writer on 01/07/11 02:41 AM
@ R P McCosker
I was in the States on '9/11', specifically in Indiana. Many people had this initial reaction of "What did America do to deserve this?" One man's response: "If I am your next door neighbor and I see someone come to your door and punch you in the face when you open it, my first response is to ask what you did to merit this."
Within 48 hours, everyone bought into the official story--America the Victim: Pearl Harbor Version 2.0. This is amazing, because we all have seen on newscasts demolitions of massive buildings, how experts make them fall into themselves.
This talk about the PE has to include what is it within Americans that make them so receptive to these memes, and my premise, based on experience, is that it is not just that few on the top, but all of them who are at fault in this.
The intelligent minority needs to recognize the risk you mentioned and address it.
Posted by Richi.firstname.lastname@example.org on 01/06/11 08:31 PM
This will not post to my facebook..
Posted by R.P. McCosker on 01/06/11 06:46 PM
"[H]ow arrogant is it to blow up the WTC, in this age of video capability on virtually everyone's cell phone, and pretend like it was the result of contact by a plane? And then repeat it with another plane?"
There's a little problem with this analysis: The PE's lie that self-directed Arab terrorists caused three colossal skyscrapers to turn to dust _worked_. It led to the ongoing invasions and occupations of nations halfway across the planet who never intended any physical injury to the U.S.; vast increases in military aggression ("defense") spending; and vast expansion of the post-Constitutional police state at home. Not one of the 535 members of Congress -- including its only classical liberal, Ron Paul -- questions this PE lie. (Not in public earshot, anyway.) The PE-controlled Mockingbird media repeats the lie, ignoring (or, occasionally, defaming) those who challenge the lie.
And most voters go on, taking the lie for granted, reelecting the same criminals who uphold the lie.
Isn't that successful?
Yes, the PE is nervous because an intelligent minority -- voicing itself over the Internet -- sees through this and its other lies. Next time the PE will be more careful. But it wisely estimated that the general public could be easily fooled by the PE's own mass murder against members of that same public.
Posted by Cat Writer on 01/06/11 05:25 PM
Thank you for your comment.
I have been making statements about psychopaths for weeks in the feedback forum. I state that, from my experience in America and of America, the Power Elite just happen to be agents or proxies, of people who do not have the human organizational ability but the same intent.
Although there are psychopaths in every culture, the United States has a very high concentration of them in the population.
As you know, there are the brain damaged whose 'moral' vision is impaired. However, most psychopaths never matured properly. So how does one control grown-up toddlers? Physical size is no longer a factor. And there are those who chose evil at some level of consciousness; what are we to do with them.
In some cases as a consultant, I have called psychopaths to account, in public. This only works when the American content of the group is relatively small. This is shining the light on the vampire. That does not get rid of them or change their behavior. Like cockroaches, they hide.
Brazilian cartoonists Mauricio de Sousa, creator of Monica, seems to address the issue in his kiddie comics. One story is of a vampire who shape-shifts from a bat and chases a woman from the street to the home. She was able to defend against him, and the vampire bites into the objects she uses for defense: a book, a utility pole. She runs into her home; the vampire still pursues her and he bits a chair and the curtains. He corners her in her kitchen where she puts a frying pan between them. He bites the pan and breaks his teeth. Upset, he flies back to the graveyard, talks to a ghost who points out that these objects, now vampires, are there, in love with him.
So let us figure out a defense where ALL these vampires can break their teeth.
A second comic has the vampire looking for blood, but this time, everyone he lays eyes on has bad health habits: smoking, drugs, drinking, poor nutrition. The blood is naturally of poor quality, so he finds no suitable victims.
So let us design ways for ALL these vampires to know that the cost sucking out our resources and energy will be extremely and immediately high.
The concept of using the arrogance against such people is intriguing and I hope that you come up with solutions. I, for one, would love to read them.
I know that this is probably the last feedback on the thread, but shall we continue with some decent ideas here?
Posted by Gavin on 01/05/11 10:26 PM
"The world does not need to reduce carbon emissions. Perhaps it needs to RAISE them. Apparently we are on the cusp of a mini-ice age."
I tend to agree that raising carbon levels would be beneficial although it would probably make little difference since the sun is the main engine for the climate. Interestingly, the amount of CO2 in the atmosphere at any given time lags global temperatures rather than the other way around, as the warmists would have us believe.
Regarding the mini ice age check out these graphs of global temperatures going back 400,000 years and you can see where we are in relation to the next ice age, which is a bit too close for comfort. Temperature-wise you can see that we are very fortunate at present.
Click to view link
Sometimes I wonder whether the aerosol spraying going on around the globe might speed up this process since cloud cover helps to cool the planet.
Posted by EDD on 01/05/11 08:29 PM
@Daily Bell; Perhaps, then again, there is a maxim, 'be as wise as serpents but harmless as doves'. If, and it's a mighty big if, there is any substance to the argument of global warming, then in playing the game, there is no harm done. And at the same time, while setting the stage for alternate energy sources, any enterprise that is abiding by the rules will be able to introduce said sources in incremental stages. Sounds a lot like your statement and I quote, 'You are correct in our view about the incrementalism of the elite'.
Anyway, this is a vast subject which the feedback section would not allow space for, and here I am speaking of the 'mini ice age' to which you refer. There is a profound reason the Mayan calender paradoxically ends at the end of 2012. The origin exists in a time period beyond which present day scientist, archaeologists, and other professional pursuits will admit to. After much study, I have come to realize that some very highly technological cultures existed before the current view of historical perspective. This includes the approximately 25,000 year precession of the astrological signs.
An example of this is the cyclic nature of the earth's evolution. Geological science supports the idea of magnetic polar reversals, and I have been aware that the earth's magnetic field has been dropping steadily for several decades. How abrupt or how slowly this may occur is conjecture, and this may be the era for such a change. I am always in amazement of small affirmations that seem to appear on the threshold of my consciousness. An acquaintance of mine in the mid 90's whose sport was racing pigeons commented to me that losses of pigeons have been increasing over several years. They just don't make it back home, (a correlation pertaining to magnetic fields?)'.
Make of it what you will; it is in the interests of survival to approach new technology that will benefit mankind with due caution. And if you read between the lines on my first post today, you quickly realize that I have had experiences whereby I treat caution with great respect.
I realize that this post has gone a little beyond the original thread, but it fits into a larger perspective of possible optimistic events. I simply refuse to capitulate without giving it all I have. And maybe the day will arrive when I can share more openly. May God grant us that Grace.
Posted by Mike88 on 01/05/11 05:49 PM
The Local, State and Federal governments need to start realizing that there are a wide variety of government agencies that could not only tighten their belts, but could also be totally eliminated, regardless of if they are union supported workers or not.
The government employee unions must start giving back some from the power they have already taken over the government. These taxpayer supported employees must make their sacrifices as well as the non governmental workers who have been supporting them. Some entire agencies do little to no value to the citizens of this nation yet they still consume tax dollars to support their jobs. This needs and must come to an end.All government agencies need to justify their very existance to the taxpayers.
Posted by EDD on 01/05/11 04:32 PM
@Daily Bell; Yes, and even beyond that. The technology exists; the first part is a scrubber system that eliminates a major part from existing coal fired generation systems. A proven system that in no way interferes with a coal production system currently in vogue. There will be solutions that will adhere to regulations.
Reply from The Daily Bell
The world does not need to reduce carbon emissions. Perhaps it needs to RAISE them. Apparently we are on the cusp of a mini-ice age.
Posted by Dave Sinclair on 01/05/11 02:44 PM
#Thumbs up. This conspiracy, which began perhaps 300 years ago seems to be at an end."
WHOA, I certainly feel the energy in that!
Posted by EDD on 01/05/11 01:53 PM
DB; (The pace of "change" would be slower and the plethora of consumer gadgets would be significantly diminished.)
As a couple other posts have pointed out, this statement is perhaps in error. When one considers the suppression of different 'gadgets' that could have been of great benefit to the citizens, but were repressed due to greater efficiency, it becomes obvious that energy consortiums would do their best to prevent manufacture of these products.
(The Pogue carburetor is one example.) However, suppression would apply to advanced technologies also, which may or may not include 'gadgets'.
I am a personal witness to a technology, which, if it had been allowed to come into existence, would have changed our reliance on foreign imports (and domestic production) for the last decade. I am a master certified auto technician by trade and am aware of the tremendous resistance for changes that would benefit mankind. At present, I am employed by a forward looking company and hope that in the near future, we may have some solutions to reduce emissions and improve upon fuel efficiency.
DB; (Soros points out that the UK and France used IMF special drawing rights in Istanbul, and blurts out that proves that SDRs can work as a global currency, and that the IMF itself will pay for SDR liquidity via its gold reserves.)
The IMF will pay via gold reserves? Does anyone on this list actually know just how much gold is in reserve? Does anyone actually know how much gold and silver has been confiscated by TPTB because of our removal from the gold and silver standard? Just imagine how much power the Elite has when it could speak of reserves and then be able to set the value thereof.
I have noticed, just as the Bell has repeatedly reported, that many, many small crises's are manufactured just to see how far the population can be pushed. And if there is too much resistance, then to back off and re-approach the crises from a different direction. As an example, the first attempt at the central banking theme of the 20th century was discarded because it became known as the Aldrich Bill. Then, with cosmetic surgery, was once agin foisted upon the people and opposed by the same Aldrich, a fine example of reverse psychology.
Could this be just what may happen when the proverbial 's... hits the fan' when the total collapse does occur?
Reply from The Daily Bell
At present, I am employed by a forward looking company and hope that in the near future, we may have some solutions to reduce emissions and improve upon fuel efficiency.
Good Lord, you are speaking of reducing carbon dioxide emissions? We rest our case.
(You are correct in our view about the incrementalism of the elite. What is going on in America today seems an elaboration on what was first tried in Germany during the Hitler years.)
Posted by Ken on 01/05/11 11:15 AM
...a war being the most likely. This I believe is a correct analysis based on Historical precedent. But the next war is never exactly like the last, that is the art of war. The new variable is the internet. The warring factions are based on class not country. History shows, your article observes, that the elite are always puffed up and prideful therefor vulnerable to their overconfidence and lose control. Those are the dual weaknesses of the elite and thier time and efforts will ultimately fail.
They cannot disconnect from the same tool that both impowers them and will undue them " the internet.
Americans have been dumbed down, that is true to a large extent, but human nature, like all life, seeks to survive and this makes for a quick study. Many will and have fallen to the elite's plan of domination but ultimately the elite will fail as people worldwide awaken to their political plans.
History teaches this as no political system has ever been permanent. Result, self reliance and small business, the corner stone of any great societly will reemerge out of what is left of Empire, only this time maybe we can avoid a long Dark Age.
Reply from The Daily Bell
Thumbs up. This conspiracy, which began perhaps 300 years ago seems to be at an end.
Posted by Gabe on 01/05/11 09:31 AM
Doubt is not a pleasant condition, but certainty is absurd.
I look at the visible people at the top...Kissinger, Zbig, D Rock and the mouthpieces, Washington Post, New York Times, WSJ, Economist, CFR, IMF, Bilderbergers, the rockefeller/Ford/Carnegie Foundations, Club of Rome,World Bank, central bankers...when they all start singing in tune and ignoring obvious contradictions that are pointed out clearly by the people I respect....well then we have a promotion.
Look for the dialectic, then look for the leaders of each side of the Click to view linke the strong links between these "experts" and the powers that be. Are they referenced in all the right places because of their real knowledge and expertise? or becuase they have been vetted by the right groups and people?
are they in favor of worldwide taxes on carbon dioxide? are they in favor of the drug war? are they in favor of the central bank? do they say "we are at war with extremism"? do they say there is a "scientific consensus, therefore only the uneducated are against raising taxes?"
Reply from The Daily Bell
Posted by Heuristic on 01/05/11 07:41 AM
Here's an interesting question that I don't have an answer for:
How does one know with certainty if a social phenomenon is an elite promotion?
Posted by Benjamin on 01/05/11 03:43 AM
"In a free-market economy, we believe the structure would be quite different," (because a "free-market economy" has never existed in 4 billion years of Earth-history?)
Posted by John Blenkins on 01/05/11 01:54 AM
OK, setbacks – "which may eventually result in a step back."
I'm afraid i dont see the evidence to share your optimistic view.
In fact the pace seems to increase, laws for big corps monopolising
life and death essentials one generation monsanto seeds ect ect
Rules and regulation aimed to imped slanting the market against freedom.Unless your big enough to instruct congress as to how that law does not apply to you.The liberties we have lost since 9/11
All in all it looks like the noose is tightening even quicker post the 08 crash.The PE know more and more alternative news is being sought by a increasingly despondent peasantry.
Posted by John Blenkins on 01/05/11 01:18 AM
The bank run in Ireland could easily spread into a EU wildfire ... Its got to happen sooner or later.
Posted by John Blenkins on 01/05/11 01:05 AM
Thanks @John Danforth for the Fox News Update.
Is this posturing amongst the diffrent strands of the PE. Murdoch v Soros? Some on this site have been waiting for Murdochs next move after the Rivera reverlation.
A feedbacker said the PE suffered setbacks as aposed to DBs take of step back. Setbacks would appear more accruat .
Look at Global Warming despite the whole scham being compleatly debunked along with the leaked emails.Did it stop Cancun or this confederation of con men extracting 100 billion from the west ?
Merly changing the lable from Global Warming to Climate change.
The b/s carbon tax is setback a little but the steps are relentlasly forward.As are many of their promotions.
Reply from The Daily Bell
OK, setbacks - which may eventually result in a step back.
Posted by John Danforth on 01/05/11 12:52 AM
And further, it appears that despite the Irish banks being 100% backed by the government, and the government backed by rescue loans from the EU and IMF, a bank run is underway.
Fractional reserve banking is a confidence game. When people lose confidence and start pulling out, the game is over.
The news is that deposits are down 15%. To my understanding the usual reserve ratio has been about 5% or less. To me this revelation means the banks are hopelessly insolvent. The collapse of the bubble created by the banks means their loans are going bad and their customers are without jobs so they aren't depositing anything. Savvy customers are now pulling their money out in anticipation of default. The Irish banks are walking dead, from the looks of it.
I'm not an economist or banking expert. But it looks to me like the first domino to fall could start a cascade that could end up in the U.S. In the context of the discussion above, the people here are fed up with the idea of having their futures pledged in debt to bail out banks. Things could go up in a flash. Time to go buy a few more rolls of pre-1964 quarters and dry foods.
Click to view link
Posted by John Danforth on 01/04/11 11:42 PM
Scipio's description of Californians brought me a visual image straight out of the movie "They Live".
Also, just to report, everyone of Fox News tonight except The Judge (who brought Beck on to say it) solemnly declared that if the debt ceiling were not raised, the United States would default on its debt, the dollar would collapse, and civilization could collapse with it, causing a depression.
Consider the implications of their claim:
1. The size of government and its spending are Sacred. Even to 'conservatives'.
2. We must borrow to make payments on debt. This is an assertion or confession that we are already hopelessly insolvent (nobody brought up figures showing it would be impossible to cut spending enough to make the payments out of revenue). If true, it is also a confession that the intention is to keep borrowing as much as possible before sticking it to creditors really good when it's time to default (larceny in their hearts).
3. In their hearts, despite free-market rhetoric, they believe the health of the economy depends on government spending.
4. They really believe the day of reckoning can be put off. Even the intellectual lightweight Beck, who takes his audience on an odyssey of discovery as he discovers shocking truths about money and government, then implores his audience to deal with it by Getting Religion.
As I finish writing this, I am astounded to hear O'Reilly come out against raising the debt ceiling, and even print on screen in his talking points that we cannot afford endless wars and bases all over the world. This is a complete switch from the man who heaped such disrespect on Ron Paul for saying this as he warned the nation this day was coming.
Some of the State Press are going off the reservation or else the word has come down that too many people are onto the game and it is time to reverse course before everything blows up in unpleasant and unpredictable directions.
One thing we can all be sure of is that soon, government and people are going to have to live on what they bring in. Even money-printing can't get a dead cat bounce out of the economy any more.
The only question is how much more debt politicians feel safe imposing on us before the blowup. And whether we will pay ANY of it after the blowup. I say NO. And a Pox on Fox for pretending that increasing the debt one dime further is 'necessary', for any purpose whatever.
Thanks for letting me vent, DB. I feel better now (not really).
Reply from The Daily Bell
O'Reilly! This is indicative of a shifting Murdochian meme. That doesn't happen by accident. First Geraldo Rivera, now O'Reilly - the media warmonger-in-chief himself. Wow. Thanks for the update.
Posted by Turborewind on 01/04/11 10:29 PM
Well I enjoyed reading all the way to the bottom of this thread.But I think that most have missed an important point.
And never forget, "Humans, despite our artistic pretensions, our sophistication and many accomplishments, owe the fact of our existence to a six-inch layer of topsoil and the fact that it rains."