The seriousness with which the talking heads in mainstream media discuss the current “improving” state of economic affairs in America never ceases to amaze me. They assume the role of confidence boosters and apprehension soothers with complete dignity and unperturbable matter of factness.
They have for the most part been reduced to another unwitting dissemination point for the debt-robot programmers.
It’s as though they write off Dorgan, Tavakoli, Samuelson, Paul, Sanders, Whelan, Wegelin, Sprott, Weiss, Stiglitz, Celente, Denninger and Galbraith – just to name a few Nobel prize winning economists, senators, trend forecasters, fund managers and respected financial analysts – as complete kooks. Then they resume the task of reading reinforcement scripts from the debt-robot programming manual of their controllers, the big media ”Bewilderbergers”.
Critical thinking humans must ask: When in the history of civilization has such an important appeal to authority from respected advisors and time-tested predictors been so thoroughly ignored? When in the history of civilization have the undeniable facts of unprecedented job loss, credit contraction, global trade contraction, government bailouts, unpunished fraud and corruption, current and future debt, and unprecedented risk–as represented by the 1.4 quadrillion dollar global derivatives deadfall–so thoroughly contradicted traditional market signals, so thoroughly contradicted government propoganda and so thoroughly contradicted media spin?
Certainly, never in my 50 years can I recall such a bizarre state of what appears to be a shared psychotic ritual of denial among the masses, echoed by the state of denial in mainstream media, the shadow statistics of government, and the equivocation of the executive office.
To be in such uncharted waters, made deadly by the innovation of high speed trading coupled with mounting unregulated derivative counter-party risk and record-breaking exponential debt, and to treat this condition as something that we can manage or control is nothing less than sheer lunacy on a mass scale.
But one only needs to read Keynes, Shiller and Thaler, our new age prophets of wealth without basis, excess without consequence, behavior as reality and belief as substance to understand the insanity of this predicament.
For my part, I reject the lunacy, and embrace common sense – despite the inevitable pain of reality. I choose that pain over the existance of a mindless, soul-less debt-robot, programmed to think, feel and act as this multi-faceted, coordinated programming demands–to serve the interests of the debt-peddler’s matrix. It’s a little barren here, admittedly, but I still choose the red pill.
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My comment is not for this particular post. It’s the way I view not only this post but your entire site. KEEP UP THE GREAT WORK!!! Our tax dollars has already made these white collar criminals too wealthy already!
But why should they think any different? We’ve bailed out these people several times over the past century. They knew the taxpayers money would come to the rescue when they entered their ‘den of theives’.