"The mind is a compact, multiply connected thought mass with internal connections of the most intimate kind. It grows continuously as new thought masses enter it, and this is the means by which it continues to develop."

Bernhard Riemann On Psychology and Metaphysics ca. 1860

"It is clear that the minds are the most important part of the universe, and that everything was established for their sake; that is, in choosing the order of things, the greatest account was taken of them; all things being arranged in such a way that they appear the more beautiful the more they are understood."

G. W. Leibniz

Today's Elites

Friday, August 05, 2011

The Babbling of Snake Oil Salesmen

Today's spate of media establishment hand-wringing, morning-after articles supposedly analyzing the current economic crises all miss the simple fact that we are at the tail end of the chimerical post industrial/consumer society hoax. The build up over some fifty years of ruinous speculative forms of illegitimate debt, a.k.a. derivatives securities, is like a terminal cancer on our system. The Federal Reserve and Treasury's bailout mania has only worsened this monstrosity by feeding that cancer... The only solution is to cut loose this muti-trillion anti-productive succubus in a similar fashion to what FDR did. First we must re-enact Glass Steagall and let the so called financial houses on Wall Street choke on their useless gambling derivatives. Secondly the government must issue credits to be used in physically productive, high technology, long term investments. That is the only basis upon which our nation will ever return to prosperity and a decent future.

No comments:

Post a Comment

Blog Archive