A Change in the Matrix
In the movie Matrix, when a deja vu happens, it is supposed to indicate a change in the Matrix. Well, that is certainly the case when reading through this bill that the House is soon to be voting on.
It seems like the New Deal all over again: extreme measures, vast resources stolen by the Federal government from the private sector in the name of stability and liquidity, flaying around in every direction based on ghastly economic ignorance, a complete disregard for underlying reality, every effort made to completely screw up everything and fix nothing, plus vast increase in dictatorial power along with extreme limits on debate and discussion.
It is horrible to see it all happening again. And though every poll shows vast public outrage, the Congress and the Presidency seem to be on some kind of conveyor belt toward the achievement of economic destruction. Everyone involved in this outrage deserves certain political defeat and to be trashed in the memory of all people everywhere forever.
Beyond that, it all gives rise to apocalyptic thoughts about the astounding stupidity of political leadership, the inability of humankind to learn anything from history, the deep and abiding ignorance of the state concerning all lessons of economics, the way in which special interests completely own the process of politics, and other such thoughts. But it is all too much to even contemplate.
Comments (9)
Nathan Mayer
oh come on Jeffrey... we still have MLB playoffs and NFL season to look forward to. Not to mention Celebrity Fit Club...
Published: September 29, 2008 10:45 AM
Dennis
It is unfortunate that Ron Paul did not remain in the presidential race as a third party candidate. As with foreign policy, he was virtually the only candidate that understands correct money and banking theory and policy, and has the courage to vote his convictions.
Deep down, I can not believe that most Washington politicians do not understand that their actions will continue to produce negative results, if not crises. I am inclined to believe that they do, but do not care. The politicians and their academic and media mouthpieces would rather maintain their power, influence, and incomes by bailing out and subsidizing those interest groups that financially and institutionally keep them in power. The measures that have recently emanated from Washington, on net, strongly financially benefit certain interest groups at the expense of the general taxpayer and consumer.
Remember Rothbard's principle: follow the money.
Published: September 29, 2008 11:04 AM
Patrick
I think there needs to be even more mass outrage about the bailout than there has been but I can't think of what form that should take. Public demonstrations, perhaps?
Published: September 29, 2008 11:44 AM
Walt D.
According to G Edward Griffin, ("The Creature from Jekyll Island"),
The purpose of the Fed is to protect member banks. When member banks make bad loans the Fed goes to the Congress who pass the losses on to the taxpayer".
So the $700 billion dollar bailout should come as no surprise.
http://video.google.com/videoplay?docid=638447372044116845&hl=en
Published: September 29, 2008 11:46 AM
Todd
I encourage anyone who has room on the ballot to cast a write-in vote for Ron Paul. He still deserves backing and, if enough people write him in, we may see people start to take notice.
On another note, has anyone seen their entries on the comments section of CNN, Fortune and Fox disappear? I had one on Fortune declaring that the CEOs are being made scape goats and the Fed, President Bush and company are really to blame. Seems I might have hit pretty close to the nerve.
Published: September 29, 2008 12:02 PM
Keith
"It is horrible to see it all happening again. And though every poll shows vast public outrage, the Congress and the Presidency seem to be on some kind of conveyor belt toward the achievement of economic destruction. Everyone involved in this outrage deserves certain political defeat and to be trashed in the memory of all people everywhere forever."
They know that there are no other choices. McBama and company have no perceived competition and they have enough supporters (e.g., socialists, corporations, unions, media, bureaucrats, etc.) to not feel truly threatened.
In spite of all the efforts of libertarians for the last forty years, there simply isn't enough mass to affect a change. Those that could help force a change (i.e., "conservatives") are too invested in the present system and too hopeful that they will get back into power.
Published: September 29, 2008 12:54 PM
Stanley Pinchak
Todd,
I have noticed this too. The debate seems to be moderated away from the truth on those sites that still allow "debate." Just last week I was attempting to comment 3 times in a piece at one of the aforementioned websites. The nature of my posts was corrective of prior posters flawed economics, or intended to point towards the true reasons why the system has crashed. In no way were my comments abusive to other members, nor were they off topic. I failed to see adequate explanations of the reasons behind our situation, and your post and my anecdotal evidence seems to indicate a smoking gun. It seems that the power brokers know that they can contain the anger of the populace and redirect it to their own purposes, so long as the truth remains inaccessible.
Published: September 29, 2008 1:15 PM
Wilton Alston
I agree with Nathan. I'm not much of a baseball fan, but I am relishing an MLB post season without the Yankees. I publicly admit to deep infatuation with the NFL season. Matrix be damned! Seven hundred billion today. Another military base in Iran tomorrow...
Published: September 29, 2008 1:22 PM
fakename
ignorance is bliss...
Published: September 29, 2008 8:30 PM