"Powerful Force" Controls Financial Markets
December 20, 2013
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December 20, 2013
Robert said (December 20, 2013):
"Only a self-absorbed populace can fall for the tenets of socialism - the concept that they can get something for nothing."
On the contrary, only an arrogant, self-deluded fool cannot see that mankind is blessed with a cornucopia of things that it has for free, "for nothing"--the air we breathe, sunshine, moonlight, water, the natural fecundity of nature, stored reserves of energy, gravity, etc. The objective of a sane society would be to ensure that these riches become maximized and available to all its members, without a few controllers making arbitrary moral judgments regarding their rights of access. Socialist redistribution is just one more means of keeping various segments of society at war with each other; a sensible policy of distribution of the material abundance flowing from modern automated and robotized super-production systems would supersede this banker-contrived conflict.
ZZ said (December 20, 2013):
Hi Henry!
I beg to disagree with the economist and trader believing in powerful force. In reality it is a pyramid scheme, aka Ponzi, taken straight from ancient Babylon. Anybody having power to create MONOPOLY money has an unbeatable mathematical advantage of compound interest, prevailing ALWAYS because the monopoly money creator has infinite money, whereas everybody else has finite physical resources.
It is only a question of time, WHEN compound interest [logarithmic, exponential per definition] prevails against ANY finite physical resource on the other side of equation. ALL ancient civilisations knew this simple truth, therefore BANNED usury, meaning ANY loaning ON INTEREST, because interest always compounds in the end into exponential abyss, engulfing everyone and everything.
The babylonian money system IS DESIGNED to beat any counterparty and it is a mathematical fact. THE SYSTEM IS RIGGED AT THE START, therefore no powerful force is needed. In reality any moron with the babylonian money loaning power MUST ALWAYS WIN in the long run, no matter his idiocy.
The system needs no brainpower to thrive, all it needs is STAYING POWER.
Rich said (December 20, 2013):
"A morally bankrupt society deserves a morally bankrupt financial system".
This statement really hit home. In America we get to participate in the market with worthless 401k's and invest with sheltered tax money that was never really ours in the first place, and never really will be ours. Then every 5 or 10 years our gains are harvested by the corrupt system, and we are never are able to get rich. Mostly due to the fact that we can't take the money out or move it to different investments without difficulty. To top it off, your plan may give you very few choices of which funds you may participate in, i.e. crappy funds. Most people think they actually own stocks or bonds. Ha! They own shares in mutual funds and nothing more. Maybe we are wrong saving for retirement, hoping to finally stop working and live the good life with the fruits of our labor. God told Adam after the fall "In the sweat of thy face shalt thou eat bread till thou return to the ground". Rich people seem to work at being rich until they die, lest they drop below their comfort zone.
Who are we to think we get to kick back the last 25 years of our life and go on permanent vacation, voting to protect a corrupt system that holds us hostage with medicare, social security checks, and prescription drug plans. I think God is showing us that "it ain't happenin". How many people here know someone who saved all their life only to continuously bail out, and support the immoral and lazy lifestyle of their worthless children. More than a few I suspect.
Henry Makow received his Ph.D. in English Literature from the University of Toronto in 1982. He welcomes your comments at
Chloe said (December 21, 2013):
Re Thom Beecham's statement: "In order for ideas like free healthcare to flourish, society must become degraded morally and intellectually" - he is wrong. There is no such thing as 'free' healthcare, for a start. It's paid for by taxes - NI in the UK. And it's a sign that society cares for the sick. It's tax money actually going on the people who pay tax. Some things should be available to all in a truly humane society, and healthcare is one of those things. Or would Beecham sooner see tax money going on war; tax cuts for the already super-rich, bailouts for the unchecked bankers, etc etc? Not to mention, of course, the profits made by the insurance companies - while the Americans pay twice over for healthcare; many are refused it altogether, or end up with huge bills after a hospital stay. What does Beecham think taxes should go on, if not making sure every citizen has access to needed healthcare?
Every truly spiritual religion tells us to care for the sick. It takes a society that's 'degraded morally and intellectually' to think that 'free' healthcare is a terrible thing - all the while supporting a trillion dollar military complex and a massive - and growing - divide between rich and poor. If people aren't working, maybe that's got something to do with the fact that so many of the industries have been deliberately shut down, wages have fallen while the cost of living has risen, and so on. There will always be people who want something for nothing if they can get it - but that's no reason to deny 'free' medical care to people.
The way healthcare is connected to employment in America is just one more way of turning people into wage slaves, imo - making sure that, however bad their job is, they can't leave it because then they'd be vulnerable to massive medical bills if they or any of their family fell ill. This is not the mark of a civilised society. The fact that so many Americans actually defend this system just shows, imo, how brainwashed by it they've been. It's a great scam for the govt. - get citizens to pay taxes that don't go on making life better for them - and - get 'em to think this is a GOOD thing. Tom Sawyer painting the fence didn't come close ...(!)