The Noble Lie

Scrooge McDuck explains why you need to gamble your money on the stock market, and why capitalism is the greatest system in history.

“Uncle Scrooge, why don’t they print up a few billion or so?”

“A FEW BILLION?!?!! OH DEAR NO!!!”

Very brief and possibly cryptic notes behind the cut.

Part 1

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I can’t make this shit up. Bernard Madoff dropped another bomb on Wall Street when he admitted his mammoth hedge fund was (like capitalism as a whole is) a giant Ponzi pyramid scam.

One thing that I find amusing about the big movers and shakers of the world is their names. In this case, his name is “Bernard Made Off,” and boy did he ever, up until now at least. Fascinating that his sons turned him in, too — a power move? I’ll be interested to see what happens to him (if anything).

I stumbled upon this movie during my study of psychopathy, and it is this angle of the movie that interests me the most. There are people who are naturally psychopathic, that is to say, they lack the “moral compass” to make choices pertaining to right and wrong. It is also a hereditary quality that can be bred for, which is probably why arranged marriages are the rule among certain orders. It is truly wrong to say the psychopath is just evil and selfish. They lack an essential component of that which most of us would point to as the core of our humanity. They have intelligence, but they lack any sense of compassion.

While some are born naturally psychopathic, otherwise “normal” people can be trained by their society to behave in a psychopathic way. That is what interests me the most about this movie. The key benefit of this for controllers is predictability – you can count on the direction that unfettered self-interest will take – and you can direct it, too.

Part 1 of 2

Part 2 of 2

Former Assistant Housing Secretary of HUD for George Bush Sr. speaks out about government drug running, enormous-scale financial fraud, S&L scandal, a HUD scandal, the “negative return on investment economy,” (AKA the tapeworm economy or disaster capitalism) and foreshadows today’s financial crisises.

Fitts is a very intelligent and economically-minded woman. Michael Ruppert of From the Wilderness credits this woman (who was a former investment fund manager before serving, and subsequently becoming a target of, the Bush I administration) as his mentor.

The lingo in here gets pretty thick, but plow through it and look up any terms that you don’t understand. It is definitely worth it. You will start to understand the way our economy really works. She is also one of the VERY few people who have offered (or tried to offer) economic solutions to the crippling economic problems that we face. The problem is, her solutions are more complicated than many people would bother to try to comprehend, and would require large-scale, decentralized cooperation among people.

She also spells out a warning for today’s time — a great-depression like bust is the optimistic scenario for the US. The more likely scenario is that Wall Street and the investment class will be protected by sucking all the assets out of the middle class (directly or indirectly through inflation), protecting the big institutions, and quelling dissent with an internal police state. This is called corporate feudalism, and it is the United Nations Agenda 21 sanctioned model for the future — where international corporations and NGOs replace the feudal lords and barons of the past. This is the scenario we’re watching with the bailouts of the big banks and investment funds, and the liquidation of real estate companies by these same banks.