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MELT-UPMONITORMeltup Monitor: Euro Pressure Going Critical - 28- Nov 2013 Meltup Monitor: A Regression-to-the-Exponential Mean Required - 25 Nov 2013 ![]() NEW SERIES RELEASE Lance Roberts Charles Hugh Smith John Rubino Bert Dohman & Ty Andros NOW SHOWING HELD OVER MONETARY MALPRACTICE MONETARY MALPRACTICE: Deceptions, Distortions and Delusions MONETARY MALPRACTICE: Moral Malady MONETARY MALPRACTICE: Dysfunctional Markets HELD OVER Currency Wars Euro Experiment Sultans of Swap Extend & Pretend Preserve & Protect Innovation Showings Below
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Reading the right books? We have analyzed & included Book Review- Five Thumbs Up
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Huxley's "Brave New World Revisited" - 2014 Redux 01-21-14 Mike Krieger of Liberty Blitzkrieg blog
It’s always felt a bit bizarre and, indeed slightly embarrassing, that of all the books I have read in my days, Aldous Huxley’s 1932 classic Brave New World was not amongst them. Not only is the book frequently mentioned to make political and social statements about contemporary times, the novel’s concept always caught my interest. I just never got around reading it. Until late last year. I loved this book and was very pleasantly surprised. I was prepared for a more fearful and overwhelmingly dark and twisted experience. While there were obvious elements of those things, it was a much more enjoyable read than I anticipated. Indeed, it was a very human book, as ironic as that might sound. As much as the “Controllers” in Brave New World were indeed in control, the human spirit still managed to bubble to the surface. To the point that the controllers had to designate certain islands for the iconoclasts which inevitably emerged from within the “Alpha” class. All of the drugs, brainwashing and conditioning couldn’t totally break the human spirit. As such, it was a much more hopeful and nuanced novel than I expected it to be. If you haven’t readit, I suggest making it your next book. If you have read it, read it again. However, this post isn’t about Brave New World. While that book is indeed a creative warning, it is still fiction and a work of art more than anything else. Twenty six years after its publication, Huxley wrote Brave New World Revisited, in which he takes stock of the post World War II period. His analysis is grave. He saw the world progressing toward his nightmare much faster than he anticipated. Brave New World Revisited is a brilliant work of non-fiction and filled with almost incomprehensibly prescient predictions. It also provides a great deal of advice to future generations. Advice which we must immediately heed. Of all the solutions Huxley focuses on in Brave New World Revisited, from proper education, to a simple acknowledgment of humanity as moderately gregarious animal not prone to over-organization; the most profound, and I think useful recommendation, is for us to decentralize. This has been a theme of mine and many other writers for some time now. Fortunately, through things like 3D-Printing, Bitcoin and other decentralized crypto-currencies, open source software, crowd funding, social media, etc, the world is moving from centralization to radical decentralization. People will be more connected than ever, but power will be more decentralized. We need to continue to push rapidly in this direction and a whole new incredible world will emerge. Indeed, it is being born as I write this. Several years ago after reading Hayek’s Road to Serfdom I wrote a lengthy post highlighting key excerpts for those who were interested, but didn’t have the time or inclination to read the whole thing. Due to that post’s popularity and effectiveness, I have attempted to do the same with Brave New World Revisited. I hope this inspires you all to read the entire thing. Enjoy. From Chapter 2: Quantity, Quality, Morality
My Thoughts: Yes, indeed we are learning the answer to this right now. Just look around you. From Chapter 3: Over-Organization
My Thoughts: If you talk as Huxley writes above in “polite society” you will be labeled a conspiracy theorist or kook. From Chapter 3: Over-Organization
My Thoughts: Huxley accurately notes that the “will to order” is a natural part of the human psyche. There are disciplines where the “will to order” is actually useful and necessary to human progress; however, he warns that in the social sphere it is deadly and usually ends with totalitarianism. From Chapter 3: Over-Organization
My Thoughts: Huxley clearly sees the sprawling metropolis as incongruent with human nature and freedom. It is a theme he consistently returns to throughout the book. From Chapter 3: Over-Organization
My Thoughts: A simply brilliant and incredibly important warning. From Chapter 3: Over-Organization
My Thoughts: Yep, he predicted our current neo-feudalistic state in 1958. From Chapter 4: Propaganda in a Democratic Society
My Thoughts: Would’ve been nice if we thought about that before we invaded Iraq (of course, the problem is our goal was never to bring Democracy to Iraq in the first place). From Chapter 4: Propaganda in a Democratic Society
My Thoughts: This brings me to a short story I’d like to share. I was on the plane as I was reading this and I put down my book for a second to look around me. I had an aisle seat, and so was at a good vantage point from which to take stock of the plane. I was actually stunned to notice that there was not a single other person reading a book anywhere around me. I actually enjoy the lack of Wifi on flights as it forces me to engage in some old school book reading. To my surprise no one else seemed to see it that way. Horrifyingly, the only people that weren’t dozing off or watching television were still on their smart phones. Even worse, at least five of them seemed to be playing the same game! It looked like some sort of Tetris game with jewels. So despite the lack of Wifi, humanity’s ability for mindless entertainment and distraction prevailed. Wifi or no wifi, these folks were going to be on their “smart”phones one way or the other. From Chapter 5: Propaganda Under a Dictatorship
My Thoughts: This is something to always be aware of. Oration to crowds is the most effective form of propaganda distribution and brainwashing. From Chapter 5: Propaganda Under a Dictatorship
My Thoughts: This is why Obama just lies non-stop with zero shame. His strategy is to just stick to the propaganda and go with it at all costs, no matter how irrational and obviously deceptive. From Chapter 6: The Arts of Selling
My Thoughts: That’s probably the scariest and most depressing thing I read. Chapter 6: The Arts of Selling
My Thoughts: It’s simply incredible how clearly he saw all of this more than fifty years ago. From Chapter 7: Brainwashing
From Chapter 8: Chemical Persuasion
My Thoughts: Yep, it is definitely a huge problem that such a huge percentage of the population is drugged up pretty much 24/7. From Chapter 8: Chemical Persuasion
My Thoughts: This is very similar to what Martin Luther King wrote in his “Letter from Birmingham Jail,” in which he states: “Actually, we who engage in nonviolent direct action are not the creators of tension. We merely bring to the surface the hidden tension that is already alive. We bring it out in the open, where it can be seen and dealt with. Like a boil that can never be cured so long as it is covered up but must be opened with all its ugliness to the natural medicines of air and light, injustice must be exposed, with all the tension its exposure creates, to the light of human conscience and the air of national opinion before it can be cured.” From Chapter 9: Subconscious Persuasion
My Thoughts: We are living it and there’s certainly nothing amusing about it. From Chapter 10: Hypnopaedia
From Chapter 11: Education for Freedom
From Chapter 11: Education for Freedom
My Thoughts: Essentially, the reason humanity is able to create such gigantic instances of suffering relates to our higher intelligence combined with our ability to be easily brainwashed and manipulated by the nastiest of humans on the bell curve. From Chapter 12: What Can Be Done?
My Thoughts: His ultimate conclusion, and one with which I agree, is that we need to decentralize to main free.
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01-22-14 | THESIS | MOST CRITICAL TIPPING POINT ARTICLES THIS WEEK - January 18th - January 25th | |||||||
RISK REVERSAL | 1 | |||||||||
JAPAN - DEBT DEFLATION | 2 | |||||||||
BOND BUBBLE | 3 | |||||||||
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SOVEREIGN DEBT CRISIS [Euope Crisis Tracker] | 5 | |||||||||
CHINA BUBBLE | 6 | |||||||||
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SHADOW BANKING - REITS & CMBS Growth
Competition for banking business lurks in the shadows 01-17-14 Tracy Alloway in New York Tighter rules for commercial lenders drive growth in shadow banking, writes Tracy Alloway
Cocktails, cabanas and credit quality were some of the talking points at a commercial real estate conference held this week in Miami, as attendees swapped their overcoats for beachwear and sat down to discuss the rebounding market. The annual summit has for years been a calendar highlight for the Wall Street bankers who originate commercial real estate loans and then bundle them into bonds known as commercial mortgage-backed securities (CMBS). This year’s event was held at the Fontainebleau, a more upscale – and, crucially, larger – venue that offered attendees an on-site nightclub and a spa with “Swarovski crystal pedicures” on its menu of services. The sprawling new location is symbolic of the broader recovery in some parts of the securitisation market. Sales of CMBS totalled $102bn last year, the highest since the financial crisis, and issuance is expected to increase further in 2014. It is also indicative of another development: in addition to accommodating the hundreds of bankers who have historically frequented the conference, this year’s Miami gathering played host to an expanded selection of non-bank lenders. Most notable were the large numbers of representatives from non-traded real estate investment trusts (Reits) – tax-friendly investment vehicles that invest in property and also originate new loans. While that is a deeply uninteresting description of their activities, these non-traded Reits are often included under the far more intriguing label of “shadow banks”. There has been an increasing amount of talk recently about the growth of “shadow banking” – most of it supremely unflattering. Shadow banks, we are often told, are the unregulated institutions that lurk in the dark corners of the financial system – away from the supervised activities of run-of-the-mill commercial banks. The frequent implication is that these indistinct entities are growing as new financial regulation begins to have an impact on the activities of traditional banks, and that this growth poses a threat to the safety of the overall financial system. Yet, just like banks, shadow lenders serve a purpose – they create the credit and securities that are demanded by investors and, hopefully, supported by the needs of the real economy. The growth of shadow lenders is therefore demonstrative of a truism of finance: squeeze one segment of the system and the activity you are attempting to control is likely to manifest itself elsewhere. If banks retreat from the business of manufacturing in-demand assets such as CMBS or originating loans, you invite growth of non-bank lenders which do the same thing in a cheaper and more efficient way. Reits enjoy lighter regulation, benefit from tax efficiencies and possess increasingly deep pockets that allow them to make aggressive loans to property developers. Their role in the market is growing – as is that of hedge funds and “business development companies” that provide capital to middle-market companies, and a whole host of other speciality financiers. At the Miami conference, upstart non-bank lenders carried pitch books to sell their businesses to yield-hungry investors, raising expectations that more than 10 new firms will this year begin contributing loans to CMBS deals, according to Kroll Bond Ratings. While it’s fair to worry about the rise of shadow lenders themselves, it seems there is perhaps also an under-appreciated danger: the possibility that non-bank lenders will encourage riskier behaviour at larger banks that now find themselves compelled to try to compete with the shadows. Competition is increasing and the poolside bonhomie that pervaded the Miami conference may not last should bankers see their business (or bonuses) eroded by their shadow lender counterparts. Already there is talk of slippage in underwriting standards across the board and the return of certain worrying pre-crisis lending practices as competition heats up. Next week, it’s off to another, even larger, conference – an annual securitisation industry shindig in Las Vegas. Here, too, the event has been moved to more luxurious accommodation than has been booked in prior years – the swanky Cosmopolitan Hotel on the glittering Las Vegas Strip. Expect the mood there to be as buoyant as in Miami, and the attendees just as varied. What will be interesting to see is how regular conference-going bankers react to the proliferation of party-crashers from the world of shadow lending. After all, there are only so many free cocktails to go around. |
01-20-14 | GLOBAL GEO-POLITICAL GROUP-INTERNATIONAL BANKING
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Totalitarian Collectivism "This difference would likely have the long-term effect of fewer people relying on independent web sites or news and information and make it difficult for them to compete with the big guys." - Chancellor Williams When Net Neutrality Becomes Programmed Censorship 01-21-14 BATR.org The worst fears of all free speech proponents are upon us. The Verizon suit against the Federal Communications Commission, appellate decision sets the stage for a Supreme Court review. The Wall Street Journal portrays the ruling in financial terms: "A federal court has tossed out the FCC's "open internet" rules, and now internet service providers are free to charge companies like Google and Netflix higher fees to deliver content faster." In essence, this is the corporate spin that the decision is about the future cost for being connected.
What the Journal is not telling you is that this "uncharted territory" is easy to project. If ISP’s will be able to charge varied rates or decide to vary internet speed, it is a very short step towards selectively discriminate against sites based upon content. Do not get lulled into thinking that constitutional protective political speech is guaranteed. Once again, the world according to the communication giants paint a very different interpretation as the article, Verizon called hypocritical for equating net neutrality to censorship illustrates.
The response from advocates of the Net Neutrality standard, that is about to vanish, sums up correctly.
Prepare for the worst. The video, Prepare To Be Robbed. Net Neutrality Is Dead!, which includes frank language and expletives, provides details that place the use of internet access into question coming out of this appellate decision.
Analyze the implications logically. It is one thing to charge a for profit service like Netflix a higher fee to transverse the electronic bandwidth of a communication network. Selling a membership to an end user is the source of their cash flow. However, most activist political sites usually provide internet users free access to their particular viewpoint and source links. Your internet service provider controls the pipeline that feeds your devices and data connection. No matter which company you pay for this service, you are dependent upon this union. A free WiFi link may well become a memory. Beaming a satellite signal, mostly is an alternative, when DSL, cable or other broadband is not available. No matter what method is used to surf the net, this decision clearly implies that internet access is now a privilege, at the effective discretion, if not mercy; of a provider that allow an account for service. Next, consider the implication that search engines will use this decision to re-work their algorithms lowering their spider bots selection of sites that challenge the "PC" culture. Restrictive categorization used for years by Google, Yahoo and Bing can use this decision as cover to purge dissenting sites even more from their result rankings. It is common knowledge that YouTube censors and targets certain uploads. One particular subject that experiences technical glitches is Fukushima. The video You Tube Censoring Truther Channels explains the drill. Add to the frustration are the ads, especially the ones with no skip option and imagine future requirements for uploading approval. What is next, a paid subscription to use and upload to the service?
Yes, the Ending Net Neutrality Signals A Digital Paradigm Shift. It also means that they could unfairly push sites like (add the name of your favorite sites) out of the way of users if they (the "PC" protectors) didn’t like them, acting as effective censors.
Stephen Lendman writes in Digital Democracy vs. Corporate Dominance: R.I.P. Internet Neutrality?
Ready yourself for the inevitable results! According to Michael Hiltzik, Net neutrality is dead. Bow to Comcast and Verizon, your overlords.
In a digital environment, access to an internet that provides uncensored content at the lowest costs is a direct threat to the corporate economy. Innovation and creative cutting-edge services are clearly marked as competing challenges to the Amazon jungle of merchandising. The big will just get bigger. Then the unavoidable effects from the "all the news fit to report" mass medium, intensifies their suppression of honest investigative journalism. Filtering out the alternative and truth media is the prime objective of this ruling. Eliminating political dissent from the internet is the ultimate implication. What would the net be like without access to the Drudge Report? When the cable or satellite services bundle their programming into a "take it or leave it" format, the choices for the consumer becomes a major financial burden just to watch the few channels that have interest. Applying this pattern to the internet will cause even greater resentment. Just look at the disaster from the Yahoo retooling. That Ms. "wicked witch" MM have pushed up the stock price, but ask any yahoo group member what they think of the new format. This is a classic example of how to turn off users and ruin your product. Subscription services are playing with fire. With the collapse of the main street economy, the added fees to access content that is mediocre at best, is the actual fallout. Like the dinosaur TV networks, the corporatist sites risk total rejection from internet visitors. Totalitarian culturalists are rejoicing with this latest damper on free speech. News by way of government press releases is pure propaganda. How did this happen? For a short explanation history, Nilay Patel writes in The Wrong Words: How The FCC Lost Neutrality And Could Kill The Internet.Credo Action believes that "FCC Chairman Tom Wheeler can undo the Bush-era decision to deregulate broadband Internet providers and allow them to operate outside of the legal framework that has traditionally applied to companies that offer two-way communication services." Such optimism seems naive in light of the real controllers of policy, much the same, for the Supreme Court coming to the rescue. Mark this court decision as the strategic destruction of the internet as a beacon of unfeigned free expression of information and open political speech. The programmers will be working overtime to set up layers of tasks, restrictions and huddlers to jump over. If you think Facebook censorship is bad, get ready for a purely governmental approved net along the Chinese model. SARTRE – January 20, 2014
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01-21-14 | THESIS | ||||||||
2012 - FINANCIAL REPRESSION |
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2011 - BEGGAR-THY-NEIGHBOR -- CURRENCY WARS |
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2010 - EXTEND & PRETEND |
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FLOWS -FRIDAY FLOWS | ||||||||||
NATURE OF WORK -PRODUCTIVITY PARADOX | ||||||||||
GLOBAL FINANCIAL IMBALANCE - FRAGILITY & INSTABILITY | ||||||||||
CENTRAL PLANINNG -SHIFTING ECONOMIC POWER | ||||||||||
SECURITY-SURVEILLANCE COMPLEX -STATISM | ||||||||||
STANDARD OF LIVING -GLOBAL RE-ALIGNMENT | ||||||||||
CORPORATOCRACY -CRONY CAPITALSIM | ||||||||||
CORRUPTION & MALFEASANCE -MORAL DECAY - DESPERATION, SHORTAGES.. |
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SOCIAL UNREST -INEQUALITY & BROKEN SOCIAL CONTRACT | ||||||||||
CATALYSTS -FEAR & GREED | ||||||||||
ECHO BOOM - PERIPHERAL PROBLEM | ||||||||||
GENERAL INTEREST |
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Tipping Points Life Cycle - Explained
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