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Michael Clark

Michael Clark
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  • Federal Reserve Exit Watch: Number 1 [View article]
    There is a way to disagree, and "correct" the misperceptions of others. Superior dismissal of another with an arrogant tone is, to me, a sign of ignorance.
    Dec 8, 2014. 02:26 PM | Likes Like |Link to Comment
  • Oil Prices To Rise, OPEC To Regain Relevancy [View article]
    The stronger dollar has killed oil and gas prices, not supply/demand issues. As long as the dollar surges, oil will fall. Keep in mind that the West is at war with Russia; Russia can be destroyed if oil and gas prices plunge, and the Ruble plunges. This seems to be part of the Western war with Russia over Ukraine.
    Dec 8, 2014. 03:00 AM | Likes Like |Link to Comment
  • Japan GDP worse than previously estimated [View news story]
    Keep an eye on Japan. Japan is the word's future.
    Dec 8, 2014. 02:56 AM | 2 Likes Like |Link to Comment
  • Japan GDP worse than previously estimated [View news story]
    Of course the Nikkei inched up. Wall Street and the Economy now have nothing to do with one another. Wall Street has been financialized. Companies do not need to make money selling products any longer. They have been financialized. This means that the central banks are putting the companies in the emergency ward with intervenous feeding of free money. Companies can repurchase shares. Comapnies can refinance debt. Companies can practice the carry trade. If companies can make money through financialization, they will not need to see products to the world. The government is now protecting everyone by providing free money to the corporations. This is state capitalism. The state makes sure that capitalism is not troubled by claims on its wealth that might upset the apple cart. Everyone is told to smile. The government tells investors that they should buy stock and the government will do everything in its power to make sure stocks go up. They call this social engineering THE WEALTH EFFECT. This is THE BRAVE NEW WORLD.
    Dec 8, 2014. 02:55 AM | 1 Like Like |Link to Comment
  • 321K jobs added in November [View news story]
    I was going to post this same link. There are apparently some peope still thinking about all this.
    Dec 7, 2014. 11:29 PM | Likes Like |Link to Comment
  • 321K jobs added in November [View news story]
    Lost a lot of full-time jobs again, did we not? Big gain in waitress jobs and other part time, minimum wage jobs. White men continue to be ejected from this economy. You want a revolution in America, keep the young white men out of work. Revolution on the right. Which will scare the bejeebies out of the progressives who believe we are really recovering. Study the history of fascism to see young white men react to long-term unemployment.
    Dec 7, 2014. 11:16 PM | Likes Like |Link to Comment
  • Federal Reserve Exit Watch: Number 1 [View article]
    Steve: The FED's great job has been to do nothing to help correct the Great Global Recession (Deparession) which continues unabated. Yields are low because no one believes that the world economy is recovering. So, the FED gave away a lot of money -- but apparently none of it came back in to affect the real economy (only the Wall Street economy).

    The FED is congratulating itself on stalling the depression. But debts are much higher than in 2008. And if debts at a certain level cause depressions, which I believe they do, as others believe they do not, then such FED expertise will prove to have led us into an even deeper depression, caused because of FED denial of reality (which I guess might be a form of expertise, one which we can do without in the future).
    Dec 7, 2014. 11:10 PM | 1 Like Like |Link to Comment
  • Federal Reserve Exit Watch: Number 1 [View article]
    Arrogance is such an unlovely trait. Real economists have led the world into a black grave -- so much for expertise. I'm glad this site has room for people who can think for themselves, and not only for experts who have been trained to follow their teachers into the black grave of specialization and hirsute epertise.

    One of the real problems with modern economics is that economists are not trained as philosophers first, and then allow to accumulate information on economics later. If they were, they might use their imagination more deftly, instead of relying of facts that rarely connect to the larger patterns to which philosphy gives them access.

    Plato said: "Go from universals down to particulars."
    Dec 7, 2014. 11:00 PM | 1 Like Like |Link to Comment
  • Federal Reserve Exit Watch: Number 1 [View article]
    Interesting report, John. Takahashi, Bernanke's Japanese hero from 1930's Japan had all kinds of success with QE and bond-buying and ZIRP until he attempted to unwind his balance sheet; then the economy seized up, and Takahashi himself was murdered by military leaders who felt his tightening of credit would weaken their war machine. I agree it's important to watch.
    Dec 7, 2014. 10:54 PM | 3 Likes Like |Link to Comment
  • Why Putin And Cheap Oil Are Bad News For Gold Miners [View article]
    Thanks, Charles. Interesting to watch how Italy overthrows its democracy. Oddly, the EU is not a democracy either. The EU has unseated the individual democracies of each nation in order to simulate the United States of Europe. The elitism of the well-intentioned almost always backfires and becomes...totalitarian... Paving the road know what/where.
    Dec 7, 2014. 10:46 PM | Likes Like |Link to Comment
  • Why Putin And Cheap Oil Are Bad News For Gold Miners [View article]
    Monarchy is a form of fascism.

    You might like Vico. He believed in (or at lease wrote about) four seasons of history: 1) Theocracy; Monarchy; 2) Aristocracy, the Heroic Age (Plutocracy?); 3) Democracy, the Age of Equality and the People; 4) CHAOS, and recorso, a kind of alchemical process (Chaos is being essentially the furnace of alchemical transformation, the trial by fire, forging a new idea or world, transforming the dense heavy old metal back into pure gold -- meant metaphorically -- death back into life -- Saturn into Jupiter. The Greeks readily accepted the idea of Jesus Christ from the Romans because the Greeks understood that Jesus was, in Greek, "Iesous Christos" (pronounced "Yay-soos" or 'Hail Zeus"), "Christos" being in Greek "the Annointed, or the Messiah) -- that is, Jesus being the Son born of the Father, Jupiter-Zeus born of Saturn.

    This process goes round and round and never stops.

    As you may guess, I'm quite a fan of James Joyce and Finnegans Wake


    Giambattista Vico (1668-1744), Neapolitan philosopher, and author of Principi di Scienza Nuova ("The New Science"), in which he developed a cyclic theory of history. The Viconian cycle consists of three recurring phases: (1) the Theocratic or Divine Age of gods, represented in primitive society by the family life of the cave, to which the voice of God (thunder) has driven mankind; (2)the Aristocratic or Heroic Age of heroes, charactized by incessant conflict between the ruling patricians and their subject plebeians; (3) the Democratic Age of people, in which rank and privilege have finally been eradicated by the revolutions of the preceding age. These three ages are typified by the institutions of birth, marriage and burial respectively. In Vico, they are followed by a short period of chaos caused by the collapse of democratric society, which is inherently corrupt. Out of this chaos a new cycle in initiated by the ricorso, or "return", to the Theocratic Age. In FW, Joyce elevated the lacuna between successive cycles into a fourth age: the Chaotic Age. Vico's theory is applied to the image of the history of mankind as depicted in Earwicker's dream. The four phases also symbolize the four evangelists, the four points of the compass and the four provinces of Ireland.

    American history follows this pattern:

    Theocratic Age, the Puritan New Jerusalem -- Divine Age; SPRING

    Aristocratic Age -- Age of the Hero -- hard not to see the Founding Fathers as the beginning of the Aristocratic Age -- clearly it lasted at least through World War II (Age of the Hero) -- SUMMER

    Democratic Age -- Age of the People -- AUTUMN

    CHAOS -- Recorso (which is coming): WINTER

    If this is a true schema, then it is hard to hate your adversaries who are clearly only doing God's work, whether they are aware of this or not.
    Dec 6, 2014. 07:41 PM | Likes Like |Link to Comment
  • Why Putin And Cheap Oil Are Bad News For Gold Miners [View article]
    Yes. Or husband and wife who love and hate each other at the same time.

    In Finnegans Wake Joyce identifies them as brothers, twin brothers, Shaun (the Day-Cycle religious fascist who loves order) and Shem (Shemite, the Night-Cycle poet/artist communalist who love freedom). They flow into one another, each half belonging to the two sides of their father, the Patriarch.
    Dec 6, 2014. 07:10 PM | Likes Like |Link to Comment
  • Why Putin And Cheap Oil Are Bad News For Gold Miners [View article]
    Cult followings in American presidents: Washington, Jefferson, Andy Jackson, Abraham Lincoln, Teddy Roosevelt, FDR, John Kennedy, Reagan....

    As I suggested above, it is democracy that keeps the fascists from gaining too much power (the Repubicans in our 20th Century context) and the communists from gaining too much power (the Democrats in our 20th Century context). You write that German saw a democracy become a fascist dictatorship under Hitler; but Germany's democracy was a thing with shallow roots. Germany had no real history of democracy. And democracy is not a permanent thing. Democracy is a stage only. A stage of balance. Once the balance is lost, the extremes come out.

    Communism is an Eastern clothing of imbalance (feminine); and Fascism is a Western clothing of imbalance (masculine). Fascism is the nationalism of a reborn idea; Communism is the internationalism of a dying idea. These are inevitable processes that can be resisted -- death can be resisted -- life can be resisted. Or they can be embraced, and accepted. Resist the whole picture; or embace it? Resist Death (and Life); or embrace the whole process?

    Was Napoleon a fascist? Without a doubt. Was Napoleon an empiricist, a believer in hierarchy, a manifestation of the Sun God. That is a fascist.

    We have all of these 'parts' inside of us, each of us has them. If you have not discovered these principles in yourself, then you have not been looking. The fascist is youth, outward-directed, material, scientific, machine-oriented; the communist is mature, inward-directed, spiritual (or anti-material; the scientific discovery of anti-matter is a first step toward science's recognition of God) and idealizes the organic (nature) over the machine (man). You may argue that the Communists produced technology very well in Russia; in the context of the machine, one must embrace the machine to remain alive. But look at the communalism that followed the breakdown of the Roman Empire -- no great technology during the European Dark Ages -- much technology 'forgotten'.

    The Jewish idea of the sabbath is the understanding of the Dark Age that follows the Light Age (empire, civiization-building, Day-Cycle) -- for the traditional Jews on sabbath operation of machinery is forbidden. Why?

    On the Dark Side, the Technology God (Day-Cycle empiricism) is the devil; on the Light Side, the non-technology God (Night-Cycle spirituality) is the devil. When one is on the east side of the circle, the west side is the devil; when one is on the west side of the circle, the eastern side is the devil. This is the illusion in which we are trapped.
    Dec 6, 2014. 07:06 PM | Likes Like |Link to Comment
  • Why Putin And Cheap Oil Are Bad News For Gold Miners [View article]
    Charles: I've been bearish on gold for some time. Why? Because the markets have been 'fixed' by the central banks. I'm trying to see the world as it is. You are emotionally committed to being on the 'right side' -- America is the right side. You are investing in your ego. You are right; the other side is wrong.

    The FED is not really evil. But it is on the side of fascism, to use that same old world: defending the old world, and protecting the world from change, the future. The FED doesn't like the future and is attempting to hold the world back, keep the world from changing. The FED thinks it is doing the right thing. The FED is taking money from the future to protect the present, fearful of the dark night of the soul, afraid to go forward. But the FED is helping to create a VERY DARK future through its resistance to change.

    We against them. You get your identity by being on the side of the successful nation. Being on the side of the winners, America. When you are defending one side against the other, you can't see the whole picture, because you are resisting going to the other side. The other side is good and evil, just like your own side is.

    Those gold-bug you say hate America may simply hate the bad side of America. Trouble is, we get both sides, not matter what. When we revolt to get the good side only, we get the good side now, and we get the bad side later, a shadow that the 'good side' creates.
    Dec 6, 2014. 06:30 PM | Likes Like |Link to Comment
  • Why Putin And Cheap Oil Are Bad News For Gold Miners [View article]
    Democracy is a balance between fascist (the Father Principle, the Patriarchy) and the communists (the Mother Principle, the Matriarchy). To argue that America does not have fascists is silly because America has democracy, which mitigates against the extremes. IF we lose our democracy, we will find out about America's fascist soul.

    Capitalism (the idea of the Empire of Money, and the conquest of the world for and by capitalitalism) is a fascist idea. At America's founding, a great argument ensued between Jeffersonians (who wanted to follow the Greek model, weak imperial government, strong states instead) -- vs. the federalists (empire), led by Washington, Adams, Alexander Hamilton, the Roman or British path. This is the same dynamic we are discussing. Centralization is the fascist idea of empire. Decentralization is the communist idea of revolt against the empire.

    These two movements -- into the world, the Patriarchy -- and out of the world, the Matriarchy -- are the two movements that I call Day-Cycles and Night-Cycles. Day-Cycles honor vertiicality (climbing the mountain of destiny, the hierarchy of the Day-World created by the Sun) and Night-Cycles honor the horizontal (equality, being over doing, democracy). The Sun is the King of the Day, a monarchy. The Sun is the only ruler of Heaven we see during the Day; but the Night is more polytheist: the Moon rules the night, but is surrounded by many other (equal) stars in the Heavens, many 'gods', many truths, many paths, a global family of light. The Sun rules over growth in Nature; the Moon rules over rest in nature.

    Your ideas that repubicans 'lean' more toward libertarianism than fascism misunderstands that libertarianism is a first step into fascism, not an opposition to fascism. What happens when there is opposition to the ruling libertalianism? The police state is a response to resistance. There is no political system that does not have to deal with resistance to the ruling idea.
    Dec 6, 2014. 05:26 PM | Likes Like |Link to Comment