Why We Are Totally Finished
by Davos Sherman Okst ~ FinancialSense.com
In A Nutshell: Corporatocracy Has Replaced Capitalism
Capitalism Fixes Problems & Preserves Democracy: Capitalism is what we should be relying on to fix our problems. Capitalism has it’s own ecosystem, just like biology’s ecosystem. An economic ecosystem that weeds out the weak, has parasites that eat the failures and new bacteria that evolves and grows replacements for that which failed. A system that keeps everything in balance.
The problem is we are no longer a capitalistic society. What we were taught in school is now utter and absolute nonsense. Capitalism is a thing of the past.
As outlined in “It’s Not A Financial Crisis – It’s A Stupidity Crisis”, we created two back to back bubbles. The air out of the Tech Bubble was sucked up for fuel by our next stupidity crisis: The Housing Bubble.
Now, after the second Stupidity Crisis there isn’t a third bubble to inflate. If we still lived in a capitalistic environment the banks and financial institutions that created loans for folks who should have remained renters and then sold those loans as investments to pensions and countries would have been cleansed by capitalism’s ecosystem.
But that isn’t what happened.
In a very anti-capitalistic move the government decided that stupidity and criminal activity should be rewarded. I’d say they took our money, but it is worse, we didn’t have that much money. So they borrowed the money in our name. The loan has a variable rate. They borrowed so much money that our kids cosigned the loan. In fact, our kid’s future kid’s signed on the dotted line.
That is unequivocally immoral.
They gave that borrowed money to a bunch of morons as a reward for stupidity. Morons who created subprime loans, liar loans, no income no documentation loans and other fraudulent instruments. Morons bundled that trash, got it rated AAA and then sold these turds or weapons of mass destruction that they had the audacity to name complex financial instruments or derivatives to pension funds, countries and other “investors”.
Then it all blew up.
Big surprise.
For blowing up the world’s economy this Stupidity Crisis was falsely named an Economic Crisis by CNBC and 535 morons on a hill in DC (Ron Paul and a few other fiscally responsible adults excluded). The idiots who created the mess were rewarded with a 700 billion dollar “bailout”. This “bailout” was anything but a bailout and had a price
Think about that for a second. This stupidity crisis is the equivalent of our Federal Debt which took a generations of politicians over a hundred years to wrack-up.
For anyone who still believes we live in a free country where capitalism reigns please show me one economic textbook which states that failure, and fraud get rewarded with borrowed taxpayer money. For anyone who believes we live in a democracy please show me a textbook that says the government will en-debt you and your kids and their kids to pay for a failed business. How is that democratic?
“Law of Morons”: Years ago, while serving on a committee I came to a sad realization. Like gravity, there is the another invisible force which I dubbed “The Law of Morons”. Put a group of very intelligent, well meaning people in a room together, put them on a committee or some governmental body that is devoid of guiding principles or merit-based decision making and “The Law of Morons” will prevail. The collective IQ will drop to the smallest shoe size in the room. And hope for loafers, because collectively this body won’t be able to tie anything together – not even a single shoelace.
Government Creates Problems: Basically our government is comprised of many well meaning intelligent people who for whatever reason, re-election, greed the “Law of Morons”, corporate puppet strings (read: lobbyist), self interest, corporatocracy or whatever else, do nothing but create massive problems. Lack of regulation, too much regulation.
And without any uncertainty — too much DEBT along with a deficit that will NEVER be paid.
They have failed us.
Terribly!
With debt and a failed capitalistic society our democracy is now at risk. Serious risk.
A democratic society requires a stable and effectively functioning economy. I trust that we and our successors at the Federal Reserve will be important contributors to that end.~ Alan Greenspan
Serious irony there unless he was talking about the end of a democratic society. Greenspan was primarily responsible for muzzling Brooksley Born’s attempt to regulate derivatives.
Our deficit requires that we counterfeit “money” to service our debt payments.
Forget about GDP, it is a bogus measure cooked by the BEA (US Bureau of Economic Analysis) . GDP is so baked that it makes the folks who cooked Enron’s books look like saints. Let’s focus on what we take in and what we pay out. We take in about 2 trillion in taxes and other revenues. We borrow about 2 trillion of which about 1 trillion must be taken off for debt service, and we spend well over 4 trillion.
To deal with the 1.6 trillion ++ shortfall we just print/counterfeit it. This debases the value of every dollar we hold, stealing wealth from every hard working American. It causes the need for more dollars to be injected into the system, which increases the amount of taxes that Americans pay.
There are only two crimes listed in our Constitution: Treason and counterfeiting.
“Solutions Create More Problems” ~ Al Bartlett (Worked on the Manhattan Project).
Another asked, “Is there any intelligent life on earth to change our future to a sustainable one?”
Dr. Bartlett replied, “Is there any intelligent life in Washington, DC is the bigger question?”
We Have a Corporatocracy: Not capitalism.
Corporatocracy: A government that serves the interest of, and may de facto be run by corporations.
Some states have government workers who have powerful unions that influence the government’s decisions. California has a massive pension mess, created in large part by government unions and elected officials who have catered to these unions.
“Too Big To Fail” is living proof that capitalism is dead. These TBTF institutions that blew up the economy in 2008 with their stupidity crisis, at the very least deserved to fail. They blew it. That is the definition of capitalism. You do well you are rewarded, you screw up you close shop. You commit fraud and you do time.
But with a Corporatocracy you have Hank Paulson – a former Goldman Sachs CEO worth about 700 million dollars who winds up becoming our past Secretary of the Treasury. There is a serious distinction between a civil servant and someone who serves a corporation, especially the last corporation he worked for. His salary was only six figures, but his benefit was that he got to cash out of his stocks and pay no taxes. He gave the morons who blew up the economy 700 billion dollars. He had another former Goldman Sachs employee disperse the funds while the current CEO of Goldman Sachs professed to be “Doing God’s work.”
The movie “The Corporation” can be viewed at NetFlix or online with Hulu.
In Summary: Our debt and our inability to revive capitalism and cut the waste in government will be our demise. Sadly, the only glimmer of hope I see is that Corporatocracy will destroy itself. I say sadly because it will destroy the average American citizen like some parasite that kills it’s host.
Capitalism is dead and that is why we are totally screwed.
In Summary: My faith in the 5Gs: (G*(religious edit)d, Gold, Guns, Grub & The Government Will Continue to Screw It Up) remains strong.
http://www.financialsense.com/contributors/d-sherman-okst/why-we-are-totally-finished
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Whistler Blowers, Insiders
The religious edit is “GOD” you gutless wonder. You had me going right up to the end when you proved you didn’t have the balls to say anything worth listening to. It turned your entire piece into just a bunch of whining.
Some of us saw the nightmare when GWB was elected. Then there was 9/11, Iraq, Afghanistan, and the Big Financial Bang of ’08 made it real. But how the heck can the top 1% have so much influence? That’s the 99%’s fault too. We’re still too comfortable. Capitalism is laying down. So are the people’s hard-fought rights. But some of that 99% is very active and historically it hasn’t needed all the people to make substantial change. Don’t accept defeat by these spoiled brats. And don’t let them screw with anything further. Change needn’t take long when we use our voices. Time now to decide whether to continue sitting around watching TV or shake out of the amnesia and participate in creating our history. Specifically, look into a group that is working to bring sanity to our financial and political systems: http://www.citizen.org/Page.aspx?pid=2554
Are there *still* people who think that government decides things? Whomever controls the money drives the car. We can sit in the backseat all day long debating where we should go, but at the end of that day we will go wherever the driver damn well pleases.
Since 1913 banks have driven our car. A representative government is meant to prevent that from happening. They let us down in 1913, and since then our *government* is nothing more than hired spokespeople for the banks/corporations.
Blaming government for the actions of the controlling Fed is like blaming the Sham-Wow guy because your Sham-Wow did not arrive. (Hint: His only job is to sell the stuff.)
How can we as a people begin to discuss solutions until the majority of us break out of this naive conformity and focus on the source of the problem?
It is your patriotic duty to financially starve this bloated, unconstitutional government. Happy April 15.
Our way of Government is pure history…Never once learning the lessons of the past it is perpetually doomed to repeat itself and the same mistakes…Now that they’ve cleaned us out, and know there’s nothing more they can take from us, Government is looking for other ways to steal…They’re big line is, Roll the printing presses again, until we’ve become so inflated we burst…
The Anglo-Saxon, Scandinavian, Germanic & Kindred People commonly called the White Race have a God who’s Law says every seven years all personal debts are wiped clean, and every 50 years all national debt is wiped clean….But,the Sheep are asleep. Under a spell….but….They Awaken soon, and WE (White Europeans) that founded America and the rest of the White Nations get to take part in CRUSHING satan skull UNDER OUR FEET….Let us hasten the day. In the Name of Jesus Christ. MAark57.
The U.S. just doesn’t have it anymore. It was wonderful while it lasted, but corruption destroyed its heart and soul. However, it isn’t the only country in the world.
No, It most certainly isn’t the only country in the world, however, besides our 100% Negative Government, with all it’s pitfalls, and lies, and even making me fight 10 years for my Service Connected Status, with the V.A. from serving in the 60′s,and 10 years of dam denials, it’s still the best country to live in…However, I would put Canada as a close 2nd, almost neck and neck…As far as Europe is concerned, revelations is already taking place there, with the 7 seals in place…They were the first to accept Satan with going to a 1 monetary financial system, The Euro Dollar…Now if we could only get George Soros over to the Musad, for High crimes against his own Jewish peoples under Hitler, and our well known Illegal President ousted, maybe, just maybe we may find a road to recovery here…
I cannot believe this guy has the gull to blame Unions.It is typical for him to mention them as part of the blame when they had nothing to do with any of it and I will explain why.Since Reagan smashed Unions and stripped them of most of there rights they have gone from 27% labor organized to 13%.Now since that time jobs where going out of this country by the boat load and I mean good middle class paying jobs now isn’t that a coincidental act to follow and they weren’t just union jobs.So the government and the corporations sold us out not the unions who by the way pay into there own pensions.By the way they don’t want workers having good paying jobs because it cuts into there profits.They want us to compete with the Chinese,you no 5 or 6 of us sharing noodles out of a pot in corporate housing.
Yes indeed. Lying son of a bitch blames unions for the disaster! What a moron! Unionists get a pittance. They get NOTHING they haven’t worked for. Parasite bankers steal TRILLIONS.. for which they give nothing! Bonehead blames the unions. What a lowlife scumbag.
Religious Edit – WTF? You are a coward. Put down your pen now!
Day of Rage in Washington D.C. on 6/30/11
/story/462/358/Day_of_Rage_Scheduled_in_Washington_D.C._for_June_30,_2011.html
The American Revolution Has Begun
/story/499/546/The_American_Revolution_Has_Begun_-_Rage_In_Washington_D.C..html
Free the Hutaree
/story/549/709/Why_American_Citizens_Should_Free_the_Hutaree.html
Why is it that people do not want to be free?
We could be free from the government, free from police perjury, free from the police state, free from banking criminals that eat out our sustenance and steal the value of the money we earned by the sweat of our brow. We could be free from wars instigated by war profiteers. We could be free from a two-tiered justice system that holds citizens under the threat of ruin and brutality while the elite commit every sort of crime to which Americans can be made victim. We can stop this.
Google: “Day of Rage in Washington D.C. on 6/30/11″
The revolution has begun!
ps Basicly article missing that USA not just devaluing own currency,they are making damage to the most World citizens,the USA government and FED,IMF became enemies of the most world citizens suffering the transfer of the inflation into their countries killing the our economies and benefiting USA global cheap currency,what about if corporations and businesses in our countries will stop to accept US$ and will demand american buyers to purchase goods at the local currencies???As soon as you will see such a trend-FED will have no choice ,but to hike interest rates at the cosmic speed and pull all Media to cry out about necessity of the strong currency and that is $.Just go and explain to you friends and relativs about that and you will see,that businesses will be very happy once to change rule and to stop loosing money on ever falling dollar,that is one of the ways to turn FED into territory of the “Reality” from robbering World around-in my view as sooner they finish USA economy than better it is for all World citizens,Vivat FED-destroy your country of origin and no one will take you abroad as hostage!
Americans is too slow,they are too lazy and only changes could do is the World citizens primarily Europians and Mediterrian nations as their blood is hot,while americans is brrrrrrrrr slippy sucks,you are slowed by Zuckermans,Idols of nothing and MicroGoogels-country of no real resources ,but the land of Promise which never comes true-its identical to the past USSR and what we to wonder?I do not agree that America behind its lies and corruption is a best country to leave-lies too.I never choosed it while being made my fotrune coming from USSR to HollyLand .You americans trust to your dollars,but you have to trust to what you had to write on your green paper:”In God we trust”-so trust!Because the founders of the $ was trusting to God and you trust to anything:FED.Bush,Obama,GoogleMicro,BurgerBuck and so on,you are became face and next Tsunami is coming for you,because japanees did not realise that to rape Nature is criminal and God punishing any of you raping the land he trusted to your nation!Go Aemrica and Pray,pray hard:”In God we trust”,proove it true-so we can see strong USA dollar!But if not,if you believe just in piece of paper your FED stamping on everyday as obligetion to purchase cheese,then tell:”Cheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeese!”
I think what we all should do is
Corporatocracy had replaced capitalism. In other words, an even more difficult to be analyzed is replaced by a term ambiguous.
But it fits demand, longing for a meeting with the evil.
Capitalism is two: the ranking of money and the system of patriarchy with the backbone heritage.
Demoracy as we know it was the frame for the ranking with money as feudalism has been the one for the ranking with the sword.
The results got fixed by inheritage and accumulated a problem.
The ranking with money stumbles over the inheritance, respectively falls into this network.
Capitalism is (was) an ongoing process that was never in its balance.
Corporatocracy would fit as a heading for the lat act in this drama for not too much already in advance to tell.
Hey Davos,
You got a bigger problem on your hands. Somehow along the way in life you got GOD confused with religion. I will say this once, GOD has nothing to do with religion, man does. Now that you know the difference from and wrong, change G*(religious edit)d to GOD. Either that or remove it completely because you’re pissing people off.
“Capitalism Fixes Problems & Preserves Democracy…”
That’s as far as I got. Capitalism is the problem, not the fix.
What you call capitalism is a complete scam that is designed to constantly redistribute all wealth upward into the fewest possible hands. The foundation of capitalism is a debt-based monetary system which is purposed to the debt-enslavement of entire populations for the enrichment of a small minority.
It does wonders, for a while, for the people at the top of the pyramid. For everyone else, it’s buy or die.
“Capitalism is the legitimate racket of the ruling class.”
Al Capone
YAWN. . . Everything WILL change TOMORROW, you’ll see, Christ is coming back for HIS CHURCH, see Revelation Chapters 3 & 4, then read on. . .
P.S. If you want to go with us, Google Prayer of Salvation and accept Jesus Christ/Yahshua as your Lord. Easy and straightforward, just like GOD/YHWH!!! Do it soon, we are leaving just past dusk, Jerusalem time 4/24/11 at the moment known as the “twinkling of an eye” that’s about 10:43am MDT/MountainDaylightTimeUSA. Google “twinkling of an eye” too click on link that says torahcalendar.com/SUNSET.asp.
Next, study “Firstfruits” and find out when Firstfruits is celebrated. Than you will know that Jesus has come back for His Body/The Church on the same day that the HEAD of the CHURH aka Jesus/Yahshua first arose from His grave and was presented unto His Father. Hallelujah, we are finally going HOME!!! Repent if you need to!
GTG-Glory to God!!! See you soon!
I think you should all calm down and work on putting together an essay on what you want the US to look like. And what you will hold your elected representatives to do. All this hand-wringing is just weakening you when you do come face-to-face, not with the evil, but with purely spoiled brats. They only have the power you give them. Don’t buy in. What I believe Davos is saying is that Capitalism when entwined with regulation, works best. I agree with him. But Capitalism cannot work in every single sphere, it works best with goods and services, not so much with education or health care for example. What other system than currency can you think of that could totally replace the system we’ve got? No I can’t think of one either. To shoot down our own currency would create pandemonium. I don’t know about you, but some kind of civil war is quite unpalatable to most of us. We don’t have to go that far if we organize and stand together, trust in each other. Sure some people are not sure which way to go but we’ve got to speak to them so they understand. Because once they do understand, then the fraudsters don’t stand a chance. We may not realize one ironic possibility: you’ve noticed how utterly stupid the fraudsters are, standing up to them is probably all we need to do. So start writing the policies you want to see. Get active and contribute to the solution.
@ Tigermouse.
“Our currency”? You are delusional.
The government borrows every penny it spends from a privately owned, for-profit bank called the Federal Reserve. Interest is charged on every penny of those loans. We the taxpayers are the ones who get stuck with that debt. And, just to make sure we stay in debt forever, no currency, electronic or paper, is ever created to pay the interest. Only the principal is created.
This was never the intention of the framers of the constitution. It was and is the responsibility and duty of the government to issue our currency debt free and only in the amount required to conduct commerce freely.
Money is a fiat of law, a creation of man, not a commodity.
Until one has an understanding of what money is, all discussion regarding “economics” is futile.
Read, for starters, The Lost Science of Money by Stephen Zarlenga. Then go to A History of Money In Ancient Countries followed by The Science of Money, both by Alexander Del Mar.
Once you have read these works and come to an understanding of what money is you will realise that no monetary system controlled by the private sector for profit, can ever provide a functional, stable economy. Such a system is the destroyer of democracy and freedom and can only create a society of masters and slaves.
“If the American people ever allow banks to issue their currency, first by inflation and then by deflation, the banks and corporations which will grow up around them will deprive the people of all property, until their children wake homeless on the continent their fathers conquered.”
Thomas Jefferson
“The end of democracy and defeat of the American Revolution will occur when government falls into the hands of the lending institutions and moneyed incorporations.
The Bank of the United States is one of the most deadly hostilities existing against the principles and form of our Constitution. The system of banking is a blot left in all our Constitutions, which if not covered will end in their destruction. I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity is but swindling futurity. “
Thomas Jefferson
“If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations.”
Andrew Jackson
“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.”
Abraham Lincoln
“Once a nation parts with the control of its currency and credit, it matters not who makes the nations laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile.”
William Lyon Mackenzie King, the tenth Prime Minister of Canada from December 29, 1921 to June 28, 1926
The move away from Gold-Backed Currency, in my view was a big mistake the free world made. All this digital and paper money is only a precieved value. Once the decepitions are exposed this form of currency is worthless. Its like a house built in a bog without a foundation. The more floors you add, the deeper it sinks. This pretty much describes the G-8 Nations.
Those behind the mortage scam should have been stripped of all assets (personal and instutional) and put on the streets like the victims of their scam. Nothing teaches a cook better than having to eat his/her own meal,thats when new and better meals are created.
By averting the normal Capitalist economic bust (depression) cycle, we have compounded the force it will expell upon the economy on release. The US Banking Crissis was a 7.5 economic-quake that is still causing tremors. A 9.0 economic-quake is approching its critical breakpoint. Likely before year ends or start of the next. Once supplying countries demand real currency for their goods/services, the G-8 Nations will collaspe. Ask Mexico.
Gold is a pretty but virtually useless rock. It only has value because people have been brainwashed for centuries to believe it is so.
“To all Goldbugs: Fiat money is not the problem – the private issue of fiat money is the problem, which is like a private tax on all society.”
Stephen Zarlenga, Director, The American Monetary Institute
“Was it ever Feasible to Use Gold for Money?
Aside from going counter to the true nature of money as an abstract legal power, there is a very practical matter that supporters of Gold money can’t address: There is never enough supply of gold sufficient for such a moneysystem. The Gold supply has not kept pace with the growth of population and commerce. This periodically increased the real value of gold.
Money systems usually solved this problem by cheating – pretending to be operating a gold based system but really mixing private bank paper into the money supply, pretending it was convertible; leveraging the amount of gold in the system through fractional reserves of one type or another. Because this bestowed great power and unearned wealth onto bankers, there has never been a shortage of apologists for such mixed systems – we call them ‘economists!’”
Stephen Zarlenga, Director, The American Monetary Institute
“It is absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one fattens the usurers and the other helps the people. If the currency issued by the Government was no good, then the bonds would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold.”
Thomas Edison
Gold is not vital to human existence; it has, in fact, relatively few practical uses. Yet its chief virtues—its unusual density and malleability along with its imperishable shine—have made it one of the world’s most coveted commodities, a transcendent symbol of beauty, wealth, and immortality. From pharaohs (who insisted on being buried in what they called the “flesh of the gods”) to the forty-niners (whose mad rush for the mother lode built the American West) to the financiers (who, following Sir Isaac Newton’s advice, made it the bedrock of the global economy): Nearly every society through the ages has invested gold with an almost mythological power.
Humankind’s feverish attachment to gold shouldn’t have survived the modern world. Few cultures still believe that gold can give eternal life, and every country in the world—the United States was last, in 1971—has done away with the gold standard, which John Maynard Keynes famously derided as “a barbarous relic.”
http://ngm.nationalgeographic.com/2009/01/gold/larmer-text/1
“A gold standard or silver standard or any other finite, alternate “standard” akin to a precious metal monetary standard therefore can only fail altogether to sustain commerce requiring a greater circulation, to endow the circulation with truly consistent value, and to avert catastrophic failure as an inevitable consequence of interest:
1. The finite quantity of any honored such standard cannot sustain industry requiring a circulation greater than available monetary reserves; Inevitable deficiencies regularly compromise/degenerate the purported standard into a fractional reserve.
2. There is no fixed linkage between circulation, the potential value of existent property or services, and the declared monetary value of currency; Thus the purported standard imposes perpetual inflation and deflation in fluctuations of the ratio of circulation to wealth, much like the very improprieties it purports to address.
3. Alternate standards such as the gold standard have no power whatever to arrest multiplication of debt by interest.
As only eradication of interest arrests artificial multiplication of debt by interest, the gold standard is even wholly redundant to this purpose.
In the first two cases then, the gold standard is actually an obstruction to the very thesis of monetary propriety; and in the third it is wholly redundant.
Thus, not only is there no need or use for a gold standard whatever; in the first and second cases the gold standard is substantially damaging, and in the last it is nothing but a delusion that it can protect us from the worst calamity of all.”
http://www.perfecteconomy.com/pg-why-precious-metal-monetary-standards-can-only-fail.html
When money is useless and I have food and water while you have gold, come to me then and offer your gold in exchange. Unless I am feeling exceedingly benevolent, you will go your way hungry and thirsty.
My Dear Richard
You do raise some good rebuttals against Precious metal monetary standards. However in times of local/regional/world crissis, Seeds,metals and gems travel easier than a truckload of food and water.
I, like you, have plenty of food, water and even tobacco to name a few real assets. My debt load is Zero(including home). Am I rich? Absolutely not. I am financially poor, but very wealthy in what counts in life. However,to have a Get-Out-Now cashee is a wise choise. Paper money(credit/debit card until banks crash) is also good to have on hand.
Should inflation raises the cost of a loaf of bread to $100 USD? I would accept a piece of gold in exchange as its value will(on average) keep pace with inflation/deflation prices. As world instability increases,notice the price of gold versus the USD value continues to drop worldwide. And this is only the beginnig of the world’s woes.
A wise investor has at least some of the portfofio in precious metals(be it in stocks,bonds,some actual holdings). And no more than 1 month of take home income in debt-load.
We are not a democracy!!……People. Think this through and you all …..might catch on!!!!
You can thank Clinton for the financial mess you are now facing in America. By all accounts it’s going to be far worse than the greatq depression.
Greece is the worst affected European country that deserves everything it gets for deliberately hiding it’s existing debt via Goldman Sachs bonds, so it could fraudulently get accepted into the EU. So the USA totaly deserves what it is now reaping by causing the Euro to fail in a deliberate attempt of sabotage.
Not satisfied with being the worlds biggest war monger by spending more on war than all the rest of the world put together, you have gone the whole hog by being the worst back stabbing arseholes in recorded history. I so hope you all get what you deserve.
The “Law of Morons” does not happen because the smart people somehow become dumb when introduced to an environment of idiots. No, the smart people realize they will be perceived as idiots if they remain in the presence of idiots. So they quietly depart the room and commence invisible backroom deals with the “visible” morons. That way they can control the outcome of what’s going on in the room without being tainted by being in the presence of the “morons”. By doing this, the IQ in the room drops precipitously and everyone believes the average IQ in the room has dropped due to the “Law of Morons”.
This is how the CFR and the Trilateral Commission work. Control the idiot in Congress without having to BE the idiot in Congress.
The operational IQ of a committee is the additive IQ divided by the number of members squared.
Pretty sure it no longer matters. We have corruption. Not capitalism, socialism, or any other system. We have corruption.
Enjoy it while it lasts… Hopefully this world doesn’t fall on its face before I die.
The 2008 economic collapse was prophecied by Jacob 3,800 years ago.
http://www.scribd.com/doc/58351339/THE-GATES-OF-HELL