“And Wall Street claims they are the Capitalists! Personal freedom is the ultimate casualty of this corrupt manipulation. The axis among the heirs of the House of Morgan, Corporate International and Federal Government, is the death of real business. With the demise of the Merchant Class, the last vestige of LIBERTY ceases to exist and the transition into an Empire of the ‘New Work Order’, becomes complete.” – Sartre
High premiums are being paid today not particularly for quality service or long-term building of a business but rather for making money quickly, getting rich, and getting out. And that’s wrong. – Willard C. Butcher
Wall Street, Money and the Merchant Class
Capitalism is NOT Wall Street. In order to correctly comprehend the nature of the Free Enterprise system, one needs to understand the fundamentals of a business transaction. Real business requires that goods or services are purchased from a seller by a buyer, at a price that both agree upon. A tangible product, skilled service or intellectual property may qualify as an entity of substance. But when we closely examine the composition of equities, warrants, bonds, options, futures or derivatives; we enter a realm that falls outside the scope of normal business transactions.
Some will claim that a stock represents the equity ownership of a particular enterprise. In theory, that would be correct; but in practice the average shareholder has vitally no input into the management of a publicly traded company. A warrant is a right to exercise a future defined claim. Bonds are fixed promises to repay that trade in value as interest rates vary. An Option is the ability to buy or sell purchased at a strike price during a specified time period, for an agreed cost. Futures are leveraged speculation or hedged bets on price movements. And it’s anyone guess what a derivative is . . .
Wall Street was created ostensibly as an auction market for raising capital to finance new business ventures or additional funds to grow a company. The underlying value of the stock price of a company would trade as shareholders wager on the direction of the equity or changes in their needs. Bonds were sold as loans that companies have an obligation to pay and retire the debt. Warrants, options, futures and derivatives emerged as sophisticated methods of refining the general purpose of funding business endeavors.
As any investor knows, they assume the risk or loss of their capital when they gamble on any specific instrument in a financial venture. The Capital Markets offer no guarantee that profits are assured, and provide no pledge that losses will not result. Risk is always present. But the essential question is whether this culture of finance qualifies as legitimate business? Continue reading →
”Mediocrity requires aloofness to preserve its dignity.” – Charles G. Dawes
Many pundits have presented the case that society needs to reward the achiever. It is argued that the most talented should attain positions of authority, based upon their superior ability. The end result is the formation of a power structure of Elites – making the decisions, formulating policies and directing the organizations that carry out the plan. It is most difficult to quarrel with the notion that talent is not distributed equally, but it becomes a giant leap to conclude that the very attribute of aptitude, is the sole criteria that justifies positions of authority.
Democracy has failed miserably to ensure a Just society, but so has rule by a cadre of whiz kids. The problem with ALL attempts to design and implement social systems through central planning is that it ignores the dynamics of the market place of individual needs, aspirations and fears. Neither Government nor NGO Institutions have the ability to mold humanity to their conception of paradise. Only the accumulative interaction of countless individual dreams and nightmares, can set the course on this ‘ship of fools’. Mankind, by the nature of its common humanity, is unable to achieve perfection. Those who seek and scheme to be the architects of paragon, and those who lust and plot to be the regents of dominance, possess the same flaws.
‘Meritocracy’ attempts to establish a standard by which motivated crusaders can achieve success. Well, that’s fine and commendable if we could all agree upon the criteria for defining achievement. But society has such a varied view of significance in collective accomplishment, that consensus is virtually impossible. Continue reading →
A warning sign blocks the road to Bardarbunga volcano, some 20 kilometres (12.5 miles) away, in the north-west region of the Vatnajokull glacier August 19, 2014. (Reuters / Sigtryggur Johannsson)
Icelandic volcano activity increased on Wednesday, with scientists detecting 10-15 meters deep cauldrons of melted ice at the Vatnajökull glacier, prompting fears of an imminent eruption.
Icelandic scientists have detected a series of 10-15m deep cauldrons at Bardarbunga volcano glacier. They apparently are a result of melting following a sub-glacial eruption, the Icelandic Civil Protection Scientific Advisory Board reported. A surveillance flight over the surface of Vatnajokull has shown the cauldrons to be 1 km wide, located in a straight line some 4-6 kilometers south of the Bardarbunga caldera.Continue here . . .
Most orbital debris is in low Earth orbit, where the space station flies. Image Credit: NASA
The Russian space agency is allocating around $297 million to design and construct a spacecraft that would clean circumterrestrial space of disabled communication satellites and upper-stage rockets currently cluttering up the geostationary orbit.
Roscosmos is ready to allocate 10.8 billion rubles (about $297 million) from 2016-2025 for the new mission: development of a space scavenger relieving terrestrial space of non-operating satellites and space exploration waste, Izvestia daily reported on Friday.
The announced tech specs of the future unmanned spacecraft, codenamed ‘Liquidator’, imply a weight of about four tons and the capability to get rid of at least 10 disabled satellites and rocket stages during a single mission that could last up to 6 months.
The ‘space cleaner’ will be able to run no less than 20 ‘cleaning missions’ during its 10-year lifespan, which means the elimination of up to 200 space objects, which obstruct new space vehicles and communication satellites. Continue reading . . .
“The Rothschilds, and that class of money-lenders of whom they are the representatives and agents – men who never think of lending a shilling to their next-door neighbors, for purposes of honest industry, unless upon the most ample security, and at the highest rate of interest – stand ready, at all times, to lend money in unlimited amounts to those robbers and murderers, who call themselves governments, to be expended in shooting down those who do not submit quietly to being robbed and enslaved.” Lysander Spooner
People are dumb because they do not know and refuse to learn the real history behind world events. Educational institutions do not function as seekers of truth, but as gatekeepers for narratives that defy common sense and defame historical facts. Society fosters the ultimate taboo against chronicles that differ with the established story of distortions and misdirection. Anyone who dares waver from accepted limits and suppositions immediately is a quack or an extremist. The dreaded label of being a conspiracy theorist, used to smear and marginalize researchers and pundits, is the height of anti-intellectualism and character assassination.
The dim-witted public, told to shun contradictory accounts, interpretations and disturbing explanations accepts sham history. The accurate course of events must remain hidden from the masses. The subject of a New World Order is not newfound. The process of world domination is as old as the formation of the first empire. Despite the annals of war and governments, the actual power that enslaves civilizations and humanity, is evil itself, in its purist form and manifestation.
The entire globe, engulfed in a prison of authoritarian control, already pays the price of scholarly surrender. Use whatever term or description you like or accept. The definitive fact is that the moneychangers operate and pull the institutional levers that keep locks on your mind and pocketbook, while keeping your vision focused on a make-believe reality. Continue reading →