20 July, 2009

Quote

Posted by Socrates in Federal Reserve Notes, Federal Reserve system, inflation, jewed finance, money, quotations, Socrates at 1:17 pm | Permanent Link

“I cannot morally blame all Americans for allowing, for instance, the birth of the Federal Reserve System and the money destruction that has followed. They are simply ignorant about it and don’t know what happened or what is happening. They think that prices go up rather than that dollars go down.” — Robert Prechter, Jr., author/stock market analyst.


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  7. 6 Responses to “Quote”

    1. Justin Huber Says:

      The Federal Reserve system is an abomination. I’m currently reading the book Web of Debt by Ellen Hodgson Brown after I found a link to the book from this web site. Although I don’t agree with all the Mrs. Brown says, her underlying thesis is correct.

    2. Parsifal Says:

      Ignorance about what the Fed is really up to is no excuse. The courts make no allowance for ignorance of the law. All sentient beings have the opportunity and the obligation to learn about stuff that’s wicked cool and important.

    3. Adam Says:

      “I cannot morally blame all Americans for allowing, for instance, the birth of the Federal Reserve System and the money destruction that has followed. They are simply ignorant about it and don’t know what happened or what is happening. They think that prices go up rather than that dollars go down.” — Robert Prechter, Jr., author/stock market analyst.

      A big part of the problem with the technological system is that as it becomes elaborated, it increases in complexity geometrically, passing the limits of understanding first of people of only average intelligence, and then becoming so fantastically complicated that it becomes impossible for even a great genius to understand it completely. The technological system was very much smaller once, and it was at one time possible for one man to have the sum of human knowledge in his head, at least for the technical base of Western culture. For example, it has been said that Desiderius Erasmus (1466-1536) was the last man to know everything there was to know about everything. By Thomas Jefferson’s time areas of specialization had arisen, and yet it was still possible for a man to stand more or less on his own. An intelligent man such as Jefferson could, by diligent study, come to have his own opinions on a wide range of topics, which were every bit as valid as any “expert” opinion of his day. In that environment, an agrarian democratic republic was a natural, a perfect adaptation, at least for white people. Today, however, the complexity of the technological system has grown to the degree that virtually any topic – even a small one – requires years of study to master. This leads to the bane of our modern age, the rule of experts, of “technocrats”; and, over the course of decades, an invidious creeping totalitarianism that has supplanted the democracy of yesteryear in all but name. It contributes enormously to the helpless feeling of alienation and loss of control that the average citizen must feel as he gazes upon his government and its associated NGOs such as the Federal Reserve. Today, the average guy is no more qualified to set financial policy than he is to design a nuclear warhead or to do brain surgery, and he knows it. As those who wish to preserve the natural distinctions of race, this anomie and sense of powerlessness also touches very closely upon our problems here. Any kind of mass movement to preserve race is made impossible when all the “experts” are on the other side.

      It does not appear to be a logical necessity that technical systems expand in this way. Throughout history there have been many societies which have experienced long periods of relative stasis. Yet in a technological system that has now gone global and encompasses many races and cultures that are all still in a Darwinian struggle for survival with one another, it would seem that if the technological system is allowed to continue growing, this process must necessarily grind to conclusion, and result in the elimination of racial and cultural distinctions – for stasis in any one of the global system’s component parts would result in that part being overcome by the technological superiority of remaining parts. A new environment is being created – for a raceless, sexless, global Person. The technological system is simply absorbing humanity, with all its kinks and crochets, and spitting out a uniform product. In adapting humanity to itself, the technological system is changing it beyond all recognition. Whether you want to call what is being born monstrous or wonderful depends very much upon your point of view.

    4. Stronza Says:

      It gives me some comfort that these technocrats – too bad for them! – are awfully high-maintenance, just like the seemingly beneficial crap they’ve foisted on the world. Most of them can’t even tie their shoes. So they aren’t holding all the trump cards by any means. I think there will always be a few folks up in the mountains or bush living on roots & wildlife, who may have the last laugh in this coming world of raceless, sexless, global People.

      Maybe we should watch some of the better dystopian movies.

    5. Parsifal Says:

      “Maybe we should watch some of the better dystopian movies.”

      The Omega Man and Soylent Green are good, as is Planet of the Apes and Dawn of the Dead. Our future will probably look like some combination of those movies.

    6. Z.O.G. Says:

      Robert Prechter is a Jewish con-man. His “Elliott Wave” stuff is a scam.