News & Analysis
Daily Bell Helps Blow Up Wall Street Protest Via Drudge, Prison Planet and Google
Despite their honest intentions, many of the Occupy Wall Street protesters are being suckered into a trap and calling for the very "solutions" that are part of the financial elite's agenda to torpedo the American middle class – higher taxes and more big government. – Prison Planet lede via Drudge Report
Dominant Social Theme: It's all Wall Street's fault. Government needs to write the wrongs of capitalism.
Free-Market Analysis: Has Internet alternative news come of age? Is the Internet Reformation gathering power like a gale force wind? Just as it was during the era of the Gutenberg Press 500 years ago, the change-making of information technology is implacably turning the elite power-conversation upside down.
The latest evidence is in, thanks to Prison Planet, the Drudge Report and Google (see article excerpt above). The Internet is a great echo chamber, What has now been stated on websites such as Drudge, which reaches tens of millions, will resonate with increasing vitality on Google and elsewhere and give rise to yet further evolutions of truth telling. The human hive mind is at work. It is unstoppable. The elites, so powerful in the 20th century, are seemingly on the wrong side of history in the 21st.
In fact, history is not dead but very much alive. Its new paradigm is evident for those who care to look. It is one, as we have often pointed out, featuring a conflict between information technology and elite dominant social themes that seek to push middle classes into surrendering power and wealth to globalist institutions that they themselves control (UN, WHO IMF, BIS, etc.)
Within this context, DB's elves and affiliated others are honored to have played a small role. Yesterday, Anthony Wile's editorial "Blaming Wall Street Is Wrong" was used, in part, as a basis for a story written by Paul Joseph Watson of Infowars and Prison Planet and then featured as the "lede" on the Drudge Report, which sets the news agenda for the West's major, mainstream media.
The proximate cause of the Infowars article, as well, was a video by journalist Adam Kokesh who interviewed protesters in Washington DC and showed clearly the fascist ideology that motivates the so-called "left." Kokesh is a libertarian activist and talk radio host who is perhaps best known for organizing "dance ins" at the Thomas Jefferson monument in Washington DC after the US judiciary banned such activities. He's a former United States Marine Corps Corporal and veteran of the Iraq War.
Using only a video camera and the power of the Internet (see today's featured video), Kokesh interviewed young people involved with the Occupy Wall Street protests and teased out the fundamental contradiction in the logic concerning these protests. Several of the protestors endorsed government force to implement their agendas of additional funding for higher education and other issues important to them.
In the 20th century, Kokesh's report would have cost millions to produce and broadcast – and would not have aired at all. In the 21st century it was created for almost nothing and has now reached millions, brilliantly disseminating a fundamentally subversive message of freedom and truth.
Prison Planet's Infowars article featuring Kokesh's report generously credits DB's editorial, "Blaming Wall Street Is Wrong," for verbalizing parts of the mechanism of the elite's promotional propaganda. Such analysis, rarely presented in depth during the 20th century (and almost never within the context of an ongoing elite promotion), is in our view now an expanding meme of 21st-century alternative news reporting. Here's some more from the Prison Planet/Infowars article:
The ignorance displayed ... knows no bounds. The protesters just don't get it. They are calling for the government to use force to impose their ideas, all in the name of bringing down corporations who they don't realize have completely bought off government regulators. Corporations and government enjoy a mutually beneficial relationship – getting one to regulate the other is asinine and only hurts smaller businesses who are legitimately trying to compete in a free market economy that barely exists.
The zeal for totalitarian government amongst some of the "protesters" is shocking. One sign being carried around read, "A government is an entity which holds the monopolistic right to initiate force," which seems a little ironic when protesters complain about being physically assaulted by police in the same breath.
One woman interviewed by Kokesh also announces her intention to help Obama to capture a second term. How can a self-proclaimed Occupy Wall Street protester simultaneously support the man whose 2008 campaign was bankrolled by Wall Street, whose 2012 campaign is reliant on Wall Street to an even greater extent, and whose cabinet was filled with Wall Street operatives?
Something is very wrong with this picture ... the majority of the Occupy Wall Street demonstrators are advocating "solutions" which the very elite they claim to be protesting against also want should set alarm bells ringing ...
As Anthony Wile writes, the protesters are being completely misdirected by their socialist/communist leaders. The real center of financial control is the Federal Reserve and the City of London, and yet ideologue Michael Moore said earlier this week that "ending capitalism" was more important than dealing with the Fed.
Alex Jones himself, in a brand new tour bus, now intends to target protests where they should be aimed – at the monstrous lie of central banking and its apologists, or so he has announced. This would be another historical first, as momentous as impaling a vampire on a stake of ash.
In focusing on the protests, it should be noted that they are not monolithic and include at least some who understand that the nexus of the problem is much larger than Wall Street, even though Wall Street is PART of the problem. But targeting Wall Street, essentially a transactional mechanism, is not only easy, it is convenient for the powers-that-be who operate Wall Street and do not want their OWN roles revealed.
Who are these powers? We write about them all the time, along with others in the alternative media. They are basically the Anglosphere's great central banking families and their political, religious, corporate and military enablers. These entities and individuals have fought for over a century to ensure their central-banking led economy is not challenged and that blame for its genocidal destruction is continually aimed at the private sector – Wall Street, capitalism, etc. They have gotten away with it until now. But the tides of history are shifting.
Individuals like Lew Rockwell and Congressman Ron Paul and many others have explained clearly what central banking is and how the engine of Western Money Power grinds down middle classes and ends up impoverishing everyone. The notion of regulatory capture – how large companies use regulation to stifle competition and build bastardized monopolies – has become far more widespread.
The term Money Power, so popular in the 1900s, has made a comeback in the 21st century. Where it was once whispered in fear, it is now a more common part of the vocabulary of those who seek to explain the genocidal dysfunction of the West, its endless wars and impoverishment and how these elements are perpetuated and elaborated.
Price fixing, as any Western economist will tell you, doesn't work, and central banks fix the price of money every hour, every minute. The result is a murderous system that demands most of the world's billions live on something like a dollar a day, struggling to survive and watching their children subside into hopelessness and starvation.
By design! With malice aforethought! The elites believe there are too many people on the planet and that culling is their responsibility. This is not an idle supposition. They write about it all the time. Google "Bilderbergs" or Club of Rome" and "population control" and see for yourself.
History is not a tableau of "great men" acting on their instincts and intellect. The modern era has been one of directed history in which the great Anglo-American central banking families have used so-called leaders like puppets putting to work their vast money power to organize every aspect of history and culture for centralization and control.
Churchill, Stalin, Mao, Roosevelt – evidence increasingly emerging on the Internet shows that these individuals were picked for their roles and placed in their positions of power with malicious care. Was any of what occurred in the 20th century accidental? Or were the building blocks of world government set in place by shadowy men who never, ever revealed their carefully accumulated influence?
The goal, it seems, remains what it was – one government, one central bank, one army and one judicial system. The power over the globe and its peoples implied by this unspeakable vision, if one is wiling to accept and internalize it, is almost infinitely destructive. The concept reeks of genocide; its message, advertised by signage such as the Georgia Guidestones, is powered by the agony of billions.
It is an evil concept, a Satanic perspective pursued by an intergenerational familial elite that has been implementing this latest global conspiracy for maybe 300 years. The 20th century represented the apex of this effort, when mainstream religious, military and media dominance was at its height, and mind control and elite promotions were unchallengeable.
The turning point, of course, has nothing to do, especially, with the Daily Bell editorial, (or even with Kokesh or Alex Jones or Matt Drudge – courageous and evidently brilliant as they are). These are expressions of far more powerful and fundamental changes that we believe are reshaping our world and times. Human history is about slow, tectonic movements of culture, instinct and technology. Great forces seem to be changing our world and its "civilization" as we write.
Conclusion: It is true, however, that people can leverage these trends if they wish. Increasingly the alternative media gives voice to these truths. "Blaming Wall Street Is Wrong" was, for instance, a modest, if possibly timely, editorial. Alex Jones, Matt Drudge, Adam Kokesh and a million bloggers and website writers – and then hundreds of millions and even billions more – offer persuasive explanations of how the world really works in real time. A spectre haunts the world and its elites ...
Editor's Note: Optimistic news ... Reports of some protests aimed at central banks have been posted. The Wall Street Journal reports that, "Inspired by the Occupy Wall Street demonstrations in New York, some 100 people gathered Sunday outside the Federal Reserve Bank in Chicago to protest inequities in the nation's financial system." There was a larger anti-Fed protest in Boston, Activist Post reports. Overseas protests are planned as well. Hopefully, the focus on central banking will gradually replace or at least expand the attention being paid to "Wall Street" and its greedy bankers. One could rid the globe collectively of every single financial firm and "greedy (non-central) bankers and the world would march serenely on, with central bank controllers simply replacing what was lost. It is the monetary mechanism ITSELF and the control of the families that run them (and their enablers) that must be extinguished, not its affiliated enterprises, which for the most part merely do the "grunt" work.
Posted by Bischoff on 10/04/11 07:51 PM
The whole Occupy Wall Street movement is laughable in light of the Progressive Movement of the early 1900s. This movement demanded "fairer distribution of wealth" and a "more democratic election" of U.S. Senators. The result was the 16th and 17th Amendment which materially changed the U.S. Constitution which created the American Republic. The 16th and 17th Amendments made possible the formation of the Fed central banking system in 1935.
Now that the post-1935 Fed central banking system is on its last legs, a new Progressive Movement movement springs up, called the "Occupy Wall Street" movement. It is all out to destroy the U.S. Constitution by clamoring for the dismantling capitalism made possible by the very document.
Destroy what is left of the American Republic in favor of what... ???
An oligarchy, of course. Only an oligarchy or a Republic are stable forms of government.
... and the DB is suprised that there is no demand by the "Occupy Wall Street Progressive Movement" to eliminate central banking.
DB, please wake up... .. Who do you think bankrolls the "Occupy Wall Street Progressive Movement"... ??? Wall Street itself does... ..
Why... .??? They will be the oligarchs should the public be stupid enough to give in to the emotional appeal of the useful idiots in the new Progressive Movement which demand the scapping of the U.S. Constitution.
In my opinion, the DB is correct in its assessment that the influence of the informational power of the internet will not allow the manipulation of the masses against their own best interests this time around.
The central banking elite with all their memes already looks like a bunch of dummies... and it'll get worse.
They have much wealth to lose. The average Joe has little or no "net" wealth at all.
Thanks to the internet, I am certain that the average Joe has become smart enough not to place himself willingly under the yoke of the central banking oligarchs, regardless of their promises. The average Joe will not be docile and let a bunch of oligarchs rule his life. The "average Joe" tea parties will only grow in size. They'll dwarf the "Occupy Wall Street"... ...
That's just just my humble opinion... ..
Posted by Pitchman on 10/04/11 02:32 PM
OccupyWallStreet's Young People are the tip of the spear in America's awakening. They are demonstrating what is our birth right. We The People must take up our Patriotic Duty and demand the restoration of The Rule of Law, Our Constitutional Democracy, Free Market Capitalism and an honest monetary system. It is the only path to true and lasting change!
The protesters energy must be cultivated and the direction focused. Wall Streets crimes and Washington's complicity make them legitimate targets. Many of these sociopaths have to go. They are however, the minions for a larger more evil construct. That is a monetary system that demands constant growth of debt and war. And that criminal enterprise is controlled by the central banks THE FED and those behind them.
[Please see our critique of OccupyWallStreet's First Public Statement below.]
See: OccupyWallStreet: The Kids Are Alright! - Click to view link
Reply from The Daily Bell
We were going to write about this First Public Statement which is abysmal in our view. Thanks for the link ...
To be clear, it has much to recommend it but its lack of ANY mention of central banking is immensely disheartening. That's the abysmal part ...
Posted by Bischoff on 10/04/11 01:19 PM
I want to take the opportunity here to answer your question whether I hold a "socialist view" of land ownership.
Here is my answer to your question:
I don't know what you call the "Socialist view" of land ownership? Maybe you can explain it to me.
I subscribe to the Anglo-Saxon practice of using land and the philosophy of John Locke as to ownership of "wealth" created by the application of "labor" and "capital" on or to "land".
The philosophy of John Locke with regard to the use of land is emboddied in the Constitution of every State in the Union.
Following Locke's philosophy, the founders wanted land to be "used", not to be "owned". They wanted land to be "used" for productive purposes, not to be "owned" and inventoried for future gain.
How can "land" gain in value... ??? It can only gain in value by activities and improvements initiated by the community around it. Since the founders believed in community created land value, they signed on to the Anglo-Saxon "folkland laws" by which the Anglo-Saxon shires (comparable to our counties) valued the land, and then let the local communities collect a rent based on the value.
"Virgin land" is considered a creation by God for use by all mankind. Humans had no hand in creating the Earth. Therefore, under Locke's philosophy, there cannot be private ownership of "unimproved, raw land".
The 3,500 counties within the separate states, through their elected County Assessors, value land under "fee simple" titles. The County Assessors furnish the valuations to local tax jurisdictions, which use them to calculate a mil rate used to levy taxes based on the budget decisions arrived with public input. (Only California has changed its Constitution as regards valuation of lands with its Prop 13 in 1979.)
As to "renting" land from the State, there is popular misconception. The sovereign State holds "allodial title" to land. Allodial title only means that the lands within a certain physical border cannot be "taxed" by any outside "sovereign". As to the residents within the physical border, it is the State through their subdivisions (the counties) which administers the "use" of the land.
Since not everone can use the same plot of land, the land is administered via a "fee for use" based on valuation. Call it a "rent", call it a "tax" or call it a "fee". It doesn't matter. What you cannot do under the State Constitutions is to "buy" land. What you do have with land value taxation is an equal opportunity for the exclusive "use" of land.
There is no one in this country anywhere who holds "allodial title" to land, except the sovereign States and the Federal Government. All attempts by individuals to claim "allodial" title have been laughed out of court, sofar. The titles held by individuals refer to the exclusive use of land in perpetuity embodied in a "fee simple" title.
You said that your taxes pay for specific services, and therefore they should have nothing to do with "your land". The taxes you pay are monies you earned by labor and employment of capital. I stand full square behind the Constitution which prohibits taxes on "wealth". (Private property created by the application of "labor" and "capital" on or to "land" which is "wealth"). Based on your comments to me, you evidently do not support the Constitution regarding the sanctity of "private/personal property".
I agree with the founders that the States should levy taxes. Without spelling out on how to tax, with Article IV of the U.S. Constitution the founders pointed the states into a certain direction by requiring them to follow a specific kind of constitution. The direction for the kind of taxation the founders wanted the states to employ was clearly that of "land value taxation".
What is land value taxation... ???
Let's say a public transit system is one of the services for which you and your fellow taxpayers pay. Would you agree that the value of this public transit system is mostly felt in the downtown area where people want to shop and congregate?
Would you then also agree that the value of downtown locations realize an increase in value brought on by the tax money spent on the public transit system?
When there is an increase in location value, the rents go up. Businesses which rent space in downtown buildings pass on the increase in rent to their customers. Yet, the customers who pay the higher prices for the goods purchased in the downtown shops are the very taxpayers who increased the downtown commercial property values by constructing the public transit system.
Who gains... ??? Only the "owner" of the "commercial real estate properties" (bare land under the buildings), because it is the bare land (location) which improved in value, nothing else. What did the "owner" of the bare land do to increase its value? Nothing, except to pay his little portion of the tax everyone else paid. He gets that tax money back many times over in the increased amount of rent he collects.
Would you agree with me that it would be much wiser to "tax away" the increased value which your tax money created, and to use the proceeds to pay for the public transit system? In that way you wouldn't have to pay twice, once in the form of taxes, and then again in the form of higher prices for goods. You would just have to pay once for the improvements, leaving the prices of goods uneffected.
It was this system that the founders wanted for the States to implement. They wanted the States to follow Locke's and Ricardo's philosophy of using land. Are you saying that Locke and Ricardo were Socialists... ???
Let me know what the "socialist view" of land ownership is. Thanks.
Posted by Agent Weebley on 10/04/11 08:52 AM
I hope nobody read that little ditty below, as there was a grave error it it . . . phew . . . good.
The "jig" is up, was the correct spelling, as a "gig" is a term for a music show.
Hold on a mo' . . we play music all the time on our site. Every tune has meaning relative to the context of the words.
OK, sorry to have bothered you . . . the gig is definitely up, as musicans have been telling is, in no uncertain terms, the way this world turns.
As you were.
Posted by Agent Weebley on 10/04/11 07:55 AM
I think what Bill is saying is that we must have a foolproof plan to segue to another ARG (alternate reality game.) A painless transition that could be financed by The Power Elite themselves, if they so chose.
If not, it could be financed by YOU.
The gig is up. Do we want to stop the wars? Do we want to stop death and destruction? Do we want prosperity to return and stay for as long as we remember how we did it?
Ingo Bishcoff and I are chatting on another thread here about the structure and premise behind how it could be done.
Click to view link
amanfromMars added a brilliant video yesterday; The Secret Of Oz, made by Bill Still . . . to illustrate the point.
Click to view link
And I am trying to explain it on our site. This is today's post.
Click to view link
We are initially trying to help Irish people, as they have nothing to lose . . . only something to gain . . .
But trust in others is a difficult bridge to cross. That is why we Metaforians are here to help you cross that bridge.
Posted by John Danforth on 10/04/11 07:40 AM
Posted by rossbcan on 10/04/11 04:27 AM
"How would you protect the public from Wall Street grifters?"
I can't and therefore won't protect YOU. Only YOU can do this. In general, don't associate with criminals or their schemes. Only make choices you fully understand the consequences of. If they do not respect your "freedom to NOT associate" and forcefully insist, well, that is "initiation of aggression" and, your personal survival requires pushback.
ABOVE ALL, when confronted with problems, don't demand "problem solvers" "to help". They will promise to "help", but only themselves, at your expense.
Of what use are laws, when, by elite definitions, criminals are "those who disobey their laws". Only honest people and suckers obey laws and, it is them losing freedom and ability to survive, not criminals. Criminals and the legal profession are "laughing all the way to the bank" whom are also creators and title holders of "proceeds of crime".
Posted by steve on 10/04/11 04:26 AM
The simplest way to protect the conservative investors in the public from investment fraud is with hard money. The continuous drip, drip, drip of inflation basically leaves people scant choice but to put savings into risk vehicles of which some banker or trader takes a slice off every piece. Hard money without counter party risk used as the currency of the realm would be the ultimate in safe savings vehicles.
Of course this won't help the more aggressive or gullible types who want higher returns, their money would still be at risk. Their is little getting around that, no amount of regulation can break the link between high returns and high risk without simply socializing losses like in TARP. And as we all know, socialized losses doesn't mean no one takes the loss. It simply means the sitting government in consultation with its allies determines who takes the losses.
Prohibitions against fraud and theft of course should remain in force. These of course could still be gamed with little changes over time driven by money power as can any regulaton.
In my opinion, it is a mistake to view government as a counter weight to big business. The counter weight to big business is small business vying for your dollars. Government itself prefers dealing with large entities that can deliver votes, campaign contributions, and vocal support for policy prescriptions en masse. As a result, government regulation and policy tends to favor the large over the small, the large just make more effective allies.
Posted by speedygonzales on 10/04/11 02:34 AM
"To the Gen X'ers, blaming, complaining, finger pointing, excuse making and especially feeling sorry for themselves by Boomers and Millennials are like 'nails on a chalkboard' and Friedman hasn't said it explicitly, but has implied that Boomers and spoiled Millennials are on notice because of it."
Believe me or not I would never believe that something like Boomers culture could exist. They act like kidz in kindergarden. Everething must tell to bosses for everything they have excuses. They do not act like adult. So this is why Federal Reserve exist. They told 'em this is conspiracy theory thats it. And would tellin' ya it like truth. You try to show 'em court rulling? No matter, it was in skool and church and thats it. They can call authorities to report suspicious activities. Kidz
Posted by speedygonzales on 10/04/11 02:23 AM
De facto I crashed down mainstream in eastern and southern europe. During so called communist era eastern europeans learn Russian language. After 1989 there was boom of English. And I cought the wind. I understood how important was for establishment to control masmedia and show business. As protagonist of Fabian methods: subtly convinced in peacefully and steadily to reach more I posted quotes and linx in english on mainstream forums since 2001. They read it. I guarantee you that they know better US history than americans do. They make jokes about FOX News, Limbaugh, Perry, Palin, Bachman.
At the begining I was greatest idiot on the world, conspiracy theorist. I was explaining them boom-bust economic cycles,austrian school, ownership of FED, terms as fiat currency or fractional reserve banking and a lots of history as well. Now mainstream is gone. Just few weeks ago there was on mainstream article from Click to view link, counterpunch etc. Before ignored now presented. Mainstream in eastern europe is under presure from readers.
The same I have sporadically done in Greece, Spain, Portugal, Ireland,Italy, Russia, China... Every country has english language newspaper and open forum. Except Germany. Many times I was fixing their mistakes. Like there was book in China about conspiracy theory where everything was throwed on Rothschild. I explained them deeper roots. If I have chance to catch Breivik on some forum he would not done what he did. His manifesto is full of bull stuff. I read US mainstream from time to time like just to remind me communist era news in eastern europe.
Anvil is hard but when you bit into it persistently and consistently it will make the hole into it. This was what establishment used but now the know how is spreaded generaly by interent.
Believe me or not by Fabian methods and non violent resistance we can change the world. What we could achieve by violent revolution by uneducated masses? How your work loox like if you do something and you do not know how? Just look at those folx in Afghanistan. Uneducated people wearing goat skin. But with big Hearts. They fight with heart and have fighting experience and know why they risk their lives.
Am personally focused on education of genX as they will take over arround 2020.
Usable Insight - The Global Gen X Revolution of 2020
When you read Friedman's column above about the institutions of various countries, continents and cultures of the world, it appears that they are breaking down as the younger generations globally are seeing what others have and how others live and how they could have and live the same.
In the year 2020 the Gen X'ers will be coming into their power and judging from what I hear from them now, they are not going to be interested in or willing to give more to the Boomers who will be heading toward the final chapters in their lives, nor will they be interested in or willing to let the Millennial children of the Boomers off the hook when it comes to being accountable.
To the Gen X'ers, blaming, complaining, finger pointing, excuse making and especially feeling sorry for themselves by Boomers and Millennials are like 'nails on a chalkboard' and Friedman hasn't said it explicitly, but has implied that Boomers and spoiled Millennials are on notice because of it.
The Greatest Generation may heed General MacArthur's words that, 'Old soldiers never die, they just fade away.' However the Baby Boomers who have had much more than their turn at the trough and desperately want to hang onto it (just look as some of our elder statemen who just can't say goodbye to the spotlight), may in all likelihood, 'Not go gently into that good night, but rage against the dawn.' If they try that, they might find themselves facing the same fate as the fallen and falling dictators around the world at the hands of the generations who follow them.
Occupy Wall Street is their job. Am proud that they are on different level as eastern europeans have been in 1989 or 2004 when they joined EU and NATO. I warned em agaisnt it... but it was not time. But years latter as they opposed the radar it was big change done. Little bit too late, they could save some troubles and lifetime but... this is human nature.
Many times you can hear ANTIAMERICANISM. No way. Americanism is now the greatest export. The ideas of american thinkers are presented world wide without exception. The problem is that it is not ideas of pro-establishment thinkers and philosophers. Establishment hijacked america and presents their interests as interests of american people. And I do advocating american people as the same victims of nasty politics as all others arround the globe.
Apropo. Mao was student of some Harvard program in 1901. The same year as Stalin was employed at Rothschild's refinery in Batumi. Generaly they forget told as roots: Asia= colonial era= China Opium wars, India deindustrialization. Hitler: French revolution, 1848, WW1, German Revolution 1919.
Internet is not alternative anymore. It is main source of informations and if mainstream wants to be in business must keep pace with internet media. Or burn in hell. This is the place where they belong together with Hollywood.
Posted by Agent Weebley on 10/03/11 11:27 PM
Ooh, me, me, me [hand up in the air as far as it will go . . . stretching real hard and waving it slightly from left to right, while face is turning a little red]
Posted by Rod Farmer on 10/03/11 10:29 PM
How would you protect the public from Wall Street grifters?
Posted by vengh on 10/03/11 10:16 PM
To oversimplify: Empowering government = empowering Wall Street. Not a complicated formula - and one that can be easily teased apart to reveal the interdependence that exists therein. In its dissection the Fed should figure prominently... if not, one may have to rethink the value of those student loan funds. Just saying...
Posted by Siegfried on 10/03/11 09:24 PM
This protest, and I tend to have the impression that any protest actually that takes the usual shape, this is, people pointing fingers, shouting in one direction, won't get the victory. To understand the problem of the Fed and how the state coerces the citizens who end up paying with their own almost empty pockets to remain miserable forever, goes far beyond our ability to understand good, evil or justice. We have to understand our part in this sick game of master and servant. It's not like we are dealing with the most beautiful part of ourselves, is it? It's not as easy as pointing fingers.
But after that process I also think that no matter the mind tricks they use, it just doesn't work any more. Any claim for extended central powers is simply seen as the pure bs it has always been, and all the fabricated excuses are bad sketches performed by silly clowns that are funny no more.
There's so much left to do, and I like the courageous flavour of today.
Posted by NAPpy on 10/03/11 08:49 PM
"... some regulation is a necessary evil... "
If by regulation you mean a standard morality agreed upon by voluntarily interacting humans, then I agree. Moral systems--"natural law" as defined by Rothbard; Discourse ethics as defined by Hoppe--are hardly a "necessary evil". All credible morality is against murder, rape, assault and theft. Law should be nothing more than the practical application of these basic moral truths. There is hardly a "necessary evil" in that.
"... capitalism is flawed... "
If capitalism is defined as the private ownership of the means of production, then the "system" produces what you'd expect. If you expect things that the "system" is not designed to give you, then it's natural to see it as "flawed". Keep in mind that we do not now have, nor have we ever had, capitalism. Mercantilism or corporate-fascism would be a better definition of the system the world has operated under the last several hundred years.
Posted by allen on 10/03/11 08:39 PM
fascist pigs . screw you...
i support occupy wall street
i dare you to print this you jerks
Posted by josejoe on 10/03/11 08:31 PM
some regulation is a necessary evil. none of us is able to keep his tendency to be human in check (see 7 deadly sins) but when the regulators have completely succumbed to the checkbooks of those needing a watchful eye there is no meaningful regulation.yes,capitalism is flawed, but it worked fairly well for a good number of years-it's a shame that we're human some days!
Posted by NAPpy on 10/03/11 07:58 PM
Wow... just... wow! Regulatory capture--look it up. It astonishes me that you think criminals will magically avoid exerting influence over legislatures and regulators. It astonishes me that you think criminals will stop what they are doing just because someone places a label called "law" next to a piece of paper. Your hopium in the law and regulation is right up there in believing that a constitution holds some magic power over people's behavior.
Right now we have privatized gain and socialized losses. You want to see less criminal behavior? Work towards private losses to go with the private gains. Yes--deregulation (but within a true free market environment, not the mercantilist, corporate-fascist environment we have now).
Posted by NAPpy on 10/03/11 07:48 PM
"Sovereigns are better off just printing money instead of borrowing from bankers who then tell them what to do."
Politicians are part of the problem now. How will giving politicians the power to print and inflate our currency at will solve the problem?
"... and the SEC has to be overhauled and it has to regulate the stock markets and reinstate the uptick rule and punish traders who sell shares they don't have. And the Commodity Futures Trading Commission has to regulate derivatives and throw people in jail if they sell non existent mortgages or derivatives based on non existent holdings or trades."
Regulatory capture. 'Nuf said.
"The 2008 meltdown was primarily a derivatives meltdown along with widespread criminal behavior."
The 2008 meltdown was just one of a series of predictable, recurring bubbles, followed by a recession, that has been going on since the Fed was instituted in 1913. If you want to get at root causes, try "The Creature from Jekyll Island", then move on to "The Case Against the Fed" by Rothbard.
"All the free market mantras in the world won't keep criminals from misbehaving and the mantra of free markets and free trading went out the door when Pualson begged Congress to underwrite the bailouts the privately owned Federal Reserve was going to issue to its bankster friends."
All the "... we need a law... " mantras won't get you around the problem of regulatory capture. If free markets won't stop criminals, what will keep those same criminals from congregating in any regulatory scheme you can dream up?
Posted by NAPpy on 10/03/11 07:35 PM
Congrats, DB, on getting the truth out! Please keep up the good work.
Reply from The Daily Bell
Thanks NAPpy. Good comments on this thread.