The difference between [socialism and fascism] is superficial and purely formal, but it is significant psychologically: it brings the authoritarian nature of a planned economy crudely into the open. The main characteristic of socialism (and of communism) is public ownership of the means of production, and, therefore, the abolition of private property. The right to property is the right of use and disposal. Under fascism, men retain the semblance or pretense of private property, but the government holds total power over its use and disposal.
Under fascism, citizens retain the responsibilities of owning property, without freedom to act and without any of the advantages of ownership. Under socialism, government officials acquire all the advantages of ownership, without any of the responsibilities, since they do not hold title to the property, but merely the right to use it — at least until the next purge. In either case, the government officials hold the economic, political and legal power of life or death over the citizens.
Needless to say, under either system [socialism or fascism], the inequalities of income and standard of living are greater than anything possible under a free economy — and a man’s position is determined, not by his productive ability and achievement, but by political pull and force. Under both systems, sacrifice is invoked as a magic, omnipotent solution in any crisis — and “the public good” is the altar on which victims are immolated.
– All Quotes by Ayn Rand
The thing that I disdain more than anything else with regard to the government bureaucrats and Central Planners, is the inexplicable and unjustified confidence they have in their abilities. As much as I bash Wall Street, I would rather have a good investor (not a crony, government welfare baby investor like Warren Buffett, but a legitimate one), in a leadership position rather than the lifetime academics and politicians (lawyers) that are running things today. Why? Because anyone that has worked in the real world of investing has made so many mistakes it is impossible to count. I want to make clear that none of this applies to the TBTF banks, which absolutely couldn’t make a dime without government handouts and bailouts, or the buy-side firms that are in bed with the government (you know who you are), but legitimate “eat what you kill” investors and traders that have no help and must be right more than wrong to survive. These folks are consistently humbled, week after week and year after year by the market and forces beyond their control. They are constantly reminded that failure is just around the corner. In many cases, folks do fail and then they have to pick themselves up off the ground, shake away the dirt and fight to win another day. This of course doesn’t merely apply to investors and traders, but to all those out there in the private workforce trying to create a new business, climb the ladder from line cook to store manager at McDonalds or Wal-Mart, or those spending hours upon hours in a garage or lab trying to discover the next game changing invention. The people it does not apply to are the people running the planet at the moment, which is why there is no doubt they will run the entire global economy straight into the ground.
We need to understand that there is a war raging outside. A war between the parasite class and the productive human. The parasites have total control of all levers of power at the moment, and they intend on using the ultimate implosion of the system to further consolidate their gains in order to create a neo-feudalist society where productive humans will become serfs that exist merely to produce for the pleasure of the parasites with no hope of escape for themselves or their children or grandchildren. We cannot allow this to happen, which is why the most important thing is to inform as many people as possible of the game plan ahead of time so that they are unable to manipulate humanity to acquiesce to its own bondage in the middle of a crisis.
The most dangerous people on the planet are the lifetime academics and these are the folks in charge of the most powerful institutions in the world today, the Central Banks. These lifetime academics have been coddled their whole lives within the “prestigious” institutions that define the paradigm that we live under. In rising high up in academia, these folks never really experienced failure. Sure, they may have received a B+ on a paper once instead of an A, but they have never experienced that crushing failure that only the real world can deliver. As I mentioned earlier, I would put all of the leaders of TBTF banks/brokers in the same category. They have been bailed out at the taxpayer’s expense so many times that they do not live in reality either. When they fail they get bailed out, when they succeed they take all the gains and then buy everyone else off around them. This is not a novel point, but it is extremely important to fully internalize because these are the people (academics and TBTF executives) that are in total control of all economic, social and political policy in the Western world today. It is because of them that we are in the situation we are in and it will be because of them that we will crash and burn.
So What Will The Maniacs in Control Do?
Mario Draghi’s (The head of the European Central Bank) statement today, is a perfect example of how delusional and dangerous these characters are. Amongst other things, he stated that “the ECB is ready to do whatever it takes to preserve the euro,” and that “believe me, it will be enough.” First of all, whenever a bureaucrat says “whatever it takes” images of red flags should appear all over your field of vision and you should immediately turn around and run the other way as fast as you can. He also stated that the European Monetary Union is “irreversible.”
Ok, so let’s dissect these statements. First, nothing in life or human society is irreversible. I am sure the Pharaohs of Egypt and the Emperors in Rome said similar things right before their civilizations came crumbling down. There is no need to make such statements when a civilization is functioning well and the populace flourishing. Such statements are the last refuge of weak leaders in failing systems. How about the “whatever it takes line.” Notice he didn’t say he would do “whatever it takes” to create a better system, or to empower humanity. No, he said whatever it takes to preserve the Euro, despite the clear fact that a breakup of the euro prison would be the best options for all of the PIIGS. So what we can take away from the statement is that once again they will do “whatever it takes” to preserve the big banks and the status quo. If 99.9% of humanity goes down in the process, that is merely collateral damage to these guys.
This brings me to the final point. We are right now about to enter by far the most dangerous period since 2008. The reason I say this is because I believe the Central Planners realize that their theories were nothing but eloquently written academic nonsense and have completely failed in practice. Rather than ever admit this and change course, I know how these clowns think and they would rather burn the world to the ground than “lose.” I think it has been about a year since The Bernank realized his whole life’s work will be relegated to the trash bins of history, but in an attempt to save face, he and all the others will lie, cheat (manipulate behind the scenes) and steal. They have been doing this for all of 2012, and with the U.S. now in recession they will do more. So brace yourselves. If you don’t already realize this is war, you will soon enough. The parasitical system of control is breaking down all over the place and TPTB are getting increasingly desperate. An increasingly desperate power structure is a dangerous one. Get emotionally ready for the trying days ahead. It will not be easy but free humanity will prevail. For some more in depth thoughts on what I see in the days to come please take a listen to this in-person interview, “Don’t Live in Fear,” I recorded while at Freedom Fest a couple of weeks ago. I think it is one of the best interviews I have ever done.
Peace and wisdom.