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John B. Lounsbury Ph.D., CFP is a financial planner and investment advisor in Clayton, NC.
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  • Business as Usual: Fraud is Just the Beginning,  2 comments
    Aug 28, 2009 11:14 PM
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    Charles Hugh Smith's blog, Of Two Minds (here), has a great article entitled "Business as Usual:  Legitimizing the Illegitimate".  

    The introduction has one line:

    "A key goal of the status quo is to label illegitimate looting and fraud as "business as usual." 

    I'll give one other excerpt:

    "Any history which suggests that the present era of fraud, debauchery of credit, State over-reach and Plutocratic excess is unprecedented or parallels moments in U.S. history which were immediately followed by financial collapse, strife and war is dismissed or expunged from the mass media."

    If this article doesn't raise your hackles, one way or the other, have someone hold a mirror in front of your nostrils.  Read it (here).

    Hat tip to Phil's Stock World (here).
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This post has 2 comments:

  •  
    Thanks For Adding To The Knowledge Base John.

    You Are Truly An Asset To Enlightenment.

    Anger Is Merited.
    2009 Aug 29 01:28 AM Reply
  •  
    The concentration of ownership of MSM now is, of course, not pointed out by MSM. So, they function all too well as a tool to promote the illegitimate, powerful interests that are threatening our futures.
    I rarely watch CNN et al, anymore and I am dumbstruck by the sensory overload cited in the article. There is not much room to think, the anchors clearly are not, with any depth at all, and what few thought fragments you can summon are pressured into their direction. I believe it is worse than making you an idiot target for the sponsors, it is to make you reach their conclusions.
    And, as the article says, the conclusions are reached without any context that would highlight the unparallelled extent of our corruption, income inequality and military overreach. The illegitimate is being not only legitimized but it is being enshrined.
    2009 Aug 29 04:33 AM Reply
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