Tag Archives: Wall Street

Mediocrity of the Meritocracy

​”Mediocrity requires aloofness to preserve its dignity.” – Charles G. Dawes

MediocrityMany 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

RT News ~ World News Links (August 28 2014)

Sub-glacial eruption of Iceland’s volcano forms row of ‘cauldrons’

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)

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 . . .

Selected RT_News LInks

Pew Research: African-Americans think race relations have worsened under Obama

British Jews, Muslims issue joint call for peace

Ferguson aftermath: California city tells cops to get rid of armored vehicle

End occupation or face ICC: Palestine to ask UN set ‘timetable’ for Israeli withdrawal

ISIS: US-made monster running amok in Middle East

‘TTIP agreement is an attack on people, society and environment in both Europe and the US’

Carrots and sticks: New Iraq crisis is part of US agenda to target Syria and Iran

White House Press Secretaries have a history of avoiding questions – report

Childhood blues: English kids among world’s unhappiest

Black arts of banking: The higher rate dilemma

Cars in the US might soon be mandated to broadcast speed and location data

Over 60 Ukrainian troops cross into Russia seeking refuge

Space junkyard: New tech designed to combat dangerous trash in orbit

Rotherham child abuse: Crime commissioner urged to resign amid misconduct allegations

22 years for 100s of murders? Pablo Escobar’s favorite hitman walks free

Florida cops accused of beating driver for not rolling down his window all the way (VIDEO)

Danger, drones! Concerns as Amazon gets support over UAV delivery testing

SF Source RTNews

X22 Report ~ Episode 451 – August 26 2014 [Audio]

Central Bankers Sending In Drones To Map Out Targets In Syria

  • Argentina is collapsing and they just stopped Bank Of New York Mellon from operating.
  • Government confidence hits all time high, completely opposite from U Mich confidence.
  • Case Shiller reports housing prices are slowing and falling.
  • The Government is creating a “truthy” database system to monitor twitter to find anti-government speech.
  • British special forces arrive in Iraq.
  • Central bankers/US government sending in drones and surveillance equipment to Syria to map out targets to be used in bombing runs.
  • Obama administration says he doesn’t need congress approval. Be prepared for a false flag event.

All source links to the report can be found on the x22report.com site.

SF Source X22Report

RT News ~ World News Links (August 22 2014)

Clear some space! Russia to develop scavenger to collect cosmic debris by 2025

Most orbital debris is in low Earth orbit, where the space station flies. Image Credit: NASA

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 . . .

Selected RT_News LInks

Veteran Russian nationalist demands Obama be stripped of Nobel Peace Prize

Solace for the struggling: E. Ukrainians without water, food crave Russian aid

Putin to Merkel: Further delays of aid delivery to Ukraine would have been unacceptable

User beware: Researchers have 92% success rate hacking into Gmail app

Banksters win again: BoA settlement with US govt allows Wall St fraudsters to ‘act with impunity,’ critics say

New York’s stop-and-frisk policy ineffective in recovering guns, stopping murders – report

3D printing drugs – New technology to revolutionize medical industry

Tel Aviv’s Islamic States crusader game plan is straight out of the Middle Ages

Serbia ready to start dairy deliveries to Russia in 2-3 weeks

Nobel prize winners: Eurozone recovery is ‘dismal failure’

Police lobbies pressure Congress to keep their military equipment

469 Gaza children killed, over 370,000 need ‘psychosocial aid’ – UNICEF

Clashes in Chile as thousands of students protest lagging education reform (PHOTOS, VIDEO)

SF Source RTNews

Forbidden History – The Ultimate Taboo

“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

bankstersPeople 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

Put A Pitchfork In It

“In the past 30 years, power elites (including you) drastically increased your share of America’s income by taking income from the middle class and the poor. Did you think we wouldn’t notice?” J Hightower

jimHightowerLloyd Blankfein is very concerned about income inequality. With his face reflecting both worry and perplexity, he recently called inequality “very destabilizing.”

Blankfein’s concern doesn’t come from the perspective of one experiencing inequality from the bottom of the income ladder — he’s certainly not an Occupy Wall Street sort of guy. In fact, he basically is Wall Street.

Having amassed a personal fortune of nearly half-a-billion bucks during his years at Goldman, he’s literally become a gold man. But in a June 13 CBS interview, Blankfein wrinkled his brow and uttered a very un-Wall Street, populist-like thought: “Too much of the (wealth) of the country has gone to too few people,” he said, adding that when that happens, “you’ll have an unstable society.”As the big banana at the financial gambling house Goldman Sachs, Blankfein raked in a stunning $23 million for his wheeling and dealing last year. Under his leadership, the bank grabbed a $13 billion bailout from us taxpayers in 2008. Continue reading

Deconstructing Edward Bernays’ ‘Propaganda’ (Part 5)

“If you turn on a television set, you see in one minute that the goal of advertising is to create uninformed consumers making irrational choices.” ~Noam Chomsky

EdwardBernaysGuy Evans examines Chapter 5 of Edward Bernays’ ‘Propaganda’. Chapter 5 features several recurring topics; notably, aspirational culture, the manufacture of new customers, and controlling the public mind.

Guy looks at each of these key themes, and with the help of Mad Men‘s Don Draper investigates the strength of the emotional connection between ourselves and the products that we buy.

Click here to download this podcast.

Chapter 5 Transcript – “Business And The Public”

THE relationship between business and the public has become closer in the past few decades. Business to-day is taking the public into partnership. A number of causes, some economic, others due to the growing public understanding of business and the public interest in business, have produced this situation. Business realizes that its relationship to the public is not confined to the manufacture and sale of a given product, but includes at the same time the selling of itself and of all those things for which it stands in the public mind.

Twenty or twenty-five years ago, business sought to run its own affairs regardless of the public. The reaction was the muck-raking period, in which a multitude of sins were, justly and unjustly, laid to the charge of the interests. In the face of an aroused public conscience the large corporations were obliged to renounce their contention that their affairs were nobody’s business. If to-day big business were to seek to throttle the public, a new reaction similar to that of twenty years ago would take place and the public would rise and try to throttle big business with restrictive laws. Business is conscious of the public’s conscience. This consciousness has led to a healthy cooperation. Continue reading