The Economic Elite Vs. The People of the United States of America

[thriftyandboringinohio]

Re: The Economic Elite Vs. The People of the United States of America

Sounds like you guys are approaching game theory ideas where the actions of players are mostly controlled by the rules around them.

[Aetius Romulous]

Re: The Economic Elite Vs. The People of the United States of America

Sounds like you guys are approaching game theory ideas where the actions of players are mostly controlled by the rules around them.

LOL - mutually assured profit.

Good point tho. Interesting.

[mickeyc21]

Re: The Economic Elite Vs. The People of the United States of America

OK - this is my last day as a paid member so I'll have to hurl bricks from outside the door from now on.
I'll leave iTulip to its dogmatic certainty about how the world works. I wont feel the need to read why inflation is occurring at the retail level despite the most overwhelming amount of evidence possible that the opposite is occurring ( for example, everything is cheaper!)
I wont have to read discussion of "peak oil" as a fact when there is very little credible evidence this is anything other than a mechanism to justify high oil prices. Peak oil has all the populist belief and absence of fact that followed global warming around for years.
EJ's position of partial gold and the rest treasuries will likely turn out just fine. The idea that the government can endlessly inflate without consequence is looking increasingly shaky however.
I wish EJ and all other readers well.

[bart]

Re: The Economic Elite Vs. The People of the United States of America

OK - this is my last day as a paid member so I'll have to hurl bricks from outside the door from now on.
I'll leave iTulip to its dogmatic certainty about how the world works. I wont feel the need to read why inflation is occurring at the retail level despite the most overwhelming amount of evidence possible that the opposite is occurring ( for example, everything is cheaper!)

Nice (bogus) generality.
You apparently don't pay attention to things like the PPI, CPI, health care, sovereign or other defaults that affect currency values, etc. nor to the long term accurate general KaPoom cycle (or my own hard vs. paper asset cycle), nor to the basic concept that the things that one needs/requires are going up while non-necessities are stable to down, etc, etc..

But you're more than welcome to your opinion.

I wont have to read discussion of "peak oil" as a fact when there is very little credible evidence this is anything other than a mechanism to justify high oil prices. Peak oil has all the populist belief and absence of fact that followed global warming around for years.

First, its "peak cheap oil", not "peak oil".

There's also an abundance of real evidence that has been presented here, including links to Matthew Simmon's work or the data & facts at the oildrum.com ... but nothing requires you to believe evidence like Gahwar or Cantarell having peaked, etc.

The idea that the government can endlessly inflate without consequence is looking increasingly shaky however.

I've never seen EJ or anyone here assert that there are no consequences to a government endlessly inflating, and I defy you to provide a substantive link.
There are no guarantees in life too.

I wish EJ and all other readers well.

Good luck to you too.

[Rajiv]

Re: The Economic Elite Vs. The People of the United States of America

Moved to begining of thread as opposed to a reply to Bart's observation

[cindykimlisa]

Re: The Economic Elite Vs. The People of the United States of America

There is a systems design problem -- as the system has been designed/evolved, it may often lead to the perception of a conspiracy. However, it is the flaw in the system that allows individuals to take advantage of them, leading to the problems described. This is not to say that there are no conspiracies (in other words, individuals colluding together to achieve legal, illegal, ethical and unethical outcomes)

As pointed out in this article about Mitroff's book, and the teachings of my mentor - Ethics, Epistemology and “Dirty Rotten Strategies”

Food for thought that most people never get because they never stop to think about the system.

3 branches of government.

Congress passes laws that few people have time to read and understand. All elected.

Exectutive and Career bureaucrats promolgate laws - In other words these folks who are a-political write the regulations for the laws and tax code that congress passes. They come up with the impossible to understand formulas for how Social Security is calculated for example.

Courts - decide if laws are constitutional.

For years Career Bureaucrats have ruled the roosts by the ways they interpret and reinterpret what the laws say. If you pay attention to them you can predict what is going to happen.

They don't need to cut Social Security at all. They just need to keep changing the rules of the existing laws and they just need to keep taxing a higher percentage of it and all will be fine.

So the real question is how do you protect yourself - Well everybody knows that answer - Buy Gold and treasurys - Not for me! For me read what the bureaucrats are doing and adjust your portfolio accordingly and dont worry to much about the Oligarchs - You just cannot beat them.

[Shakespear]

Re: The Economic Elite Vs. The People of the United States of America

Super thread Rajiv !!! Some of the observations here are very penetrating.

Zero-Hedge is likewise opening up minds wide open

[Rajiv]

Re: The Economic Elite Vs. The People of the United States of America

More on this at amped including
Full Report: The Economic Elite Vs. The People of the United States of America

Bill Moyers on The Economic Elite Vs. The People of the United States [Video & Audio]

Part VI: How to Fight Back and Win: Common Ground Issues That Must Be Won — The Economic Elite Vs. The People of the USA

[bart]

Re: The Economic Elite Vs. The People of the United States of America

...
So the real question is how do you protect yourself - Well everybody knows that answer - Buy Gold and treasurys - Not for me! For me read what the bureaucrats are doing and adjust your portfolio accordingly and dont worry to much about the Oligarchs - You just cannot beat them.

Some significant truth there, although I find it hard to believe that neither precious metals nor Treasuries aren't and never have been part of your portfolio, or that you have not taken some actions to insure & protect yourself against the possible darker black swan type events.

I do disagree on oligarchs not being able to be beaten though - history shows that they never win on the long term and are always ejected - 1776 comes to mind as just one example... and its never something that happens fast, and always involves large sacrifices etc.







Great links at amped Rajiv - thanks.

[radon]

Re: The Economic Elite Vs. The People of the United States of America

Sounds like you guys are approaching game theory ideas where the actions of players are mostly controlled by the rules around them.

Yep, but some players are smarter and work harder than others. When they inevitably end up controlling more of the board than those who are bad or cannot be bothered to play they seek to take it from them by shaking it up and attempting to restart the game.

[MulaMan]

Re: The Economic Elite Vs. The People of the United States of America

In other words it is simply a 40 year move to the right in America - known as "Christaino-Fascism" a term invented by MulaMan (the most intellegent person in the world).

Huge international corporations contolling polictics and hence America with funadamental Christian nut-jobs mixed in.

Concepts such as "no government" and "de-regulation" and "free-markets" are carfty terms to break down democracy, liberty, and equal rights so the corporate elite can gain more power and control.

1. To combat "communism/socialism" America correctly countered with a more "right" wing approch in order to avoid communism/socialism.

2. When the U.S.S.R collapsed, America kept moving to the right.

3. America is now so far to the right, that Fascism is the risk, there is ZERO risk of socialism in America.

4. Anyone against Fascism is labeled "socialist" - when you are as far right as America is, even historical right wingers look like "left wingers" - for example Obama trying to move the country back to a normal "right wing country" and transfer weatlh back to the middle class is constantly labeled a "liberal" "sociallist" "left wing" .... which of course is absurd.

Democracy and Capitalism actually needs "strong government regulation for the people" - "to favor the MIDDLE CLASS and create an equal playing field" - as Obama is attemping to do in the face of mass opposition by the christaino-fascists. Republicans are 100% anti-American fascists plus many Demcrats are also on onboard.

America MUST MOVE BACK TO THE LEFT A LONG, LONG WAY RELATIVE TO TODAY ... in order to bring back a strong middle class and create a democrate capitalism economy with a balance between capital and labor and a large wealthly middle class. In order to kill off Fascism and Right Wing Extremism.