THE CATASTROPHIC CONSEQUENCES OF ILLUSION

15 comments

Posted on 25th August 2012 by Administrator in Economy |Politics |Social Issues

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15 Comments

  1. Administrator says:

    You must watch this.

    More truth in 27 minutes than you’ll get in two years of MSM reporting.

    Well-loved. Like or Dislike: Thumb up 17 Thumb down 0

    25th August 2012 at 9:43 pm

  2. IndenturedServant says:

    Well that was uplifting! $5.00 per gallon gas will make food unaffordable for the poor and working class.

    That should end well! It would be wise to keep your food preps quiet.
    I_S

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 0

    25th August 2012 at 11:26 pm

  3. Colma Rising says:

    Great interview…

    My thoughts on the first minute or two:

    images?q=tbn:ANd9GcQ-wf_Bm2VvLRo2eBVOKWLmu0gsMx2zKgpUZqaJz0kDdQa4RgYX

    Well-loved. Like or Dislike: Thumb up 7 Thumb down 1

    25th August 2012 at 12:50 am

  4. Ron says:

    Every time theres a hickup.Like an oil refinery fire.The price of oil jumps.So imagine an Iran war.
    Oil well skyrocket.Were all ready for it,well the military is in position anyhow.Its all so bad to imagine i hope it dosent happen.
    Yes the country is insolvent.People dont have a clue.Its going to be bad.

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    25th August 2012 at 1:57 am

  5. backwardsevolution says:

    Great interview. Chris Hedges is a wonderful speaker and a deep thinker. He is always a great listen. Quite the difference between Chris and people like Mitt Romney/Todd Akin or Obama/Barney Frank, isn’t there?

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    25th August 2012 at 6:36 am

  6. sensetti says:

    I will add his book to my library, Thanks Admin!!

    Like or Dislike: Thumb up 4 Thumb down 0

    25th August 2012 at 9:15 am

  7. Administrator says:

    I can’t understand why I had the feeling I needed to buy more ammo this morning at Wally World.

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    25th August 2012 at 9:27 am

  8. sensetti says:

    Because you’re going to need it

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    25th August 2012 at 9:30 am

  9. Yojimbo says:

    Did you see that now THE FOREST SERVICE is buying ammo, which it says it needs within 30 DAYS?

    http://www.prisonplanet.com/us-forest-service-has-an-immediate-need-for-ammunition.html

    Like or Dislike: Thumb up 3 Thumb down 1

    25th August 2012 at 10:16 am

  10. flash says:

    I may be wrong but wasn’t there a point in time where there were polar ice caps and led to single cell amoebas to suddenly grow legs and move to the suburbs where the reproduced and thrived in hot humid conditions?
    And then the ice showed up and all the newly formed amigos were deported to Mexico.

    http://www.youtube.com/watch?v=TtNGMMaaMZY&feature=related

    Like or Dislike: Thumb up 2 Thumb down 1

    25th August 2012 at 10:22 am

  11. Muck About says:

    And thanks to the refinery blow out in Venezuela yesterday, there will be a fine knee-jerk on the markets tomorrow with oil popping up. We don’t import much gasoline from Crazy Hugo but we do suck up crude from them..

    I’d expect OIL, OIH and DBO to leap in the air in panic as the traders use this pissant fire to fan flames on Wall Street.

    From reading the Venezuelan news on it, it was a gas cloud (something like the dispersal tree-flatteners we used in Vietnam) that grew and grew and spread and then ignited. The concussion from one of those things is unbelievable until you see what it does.

    Makes the jungle for 1/2 mile around look like the NE slopes of Mt. St. Helens after it blew.

    Sorry for the deaths (far too many) but I’m damn glad not to be there!

    MA

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    25th August 2012 at 10:44 am

  12. backwardsevolution says:

    The only thing that Chris Hedges could look into a little more is the Canadian banking system. He seems to think that it is solid because it is prudent. Nothing could be further from the truth. When the crisis hit, Bernanke exchanged $1.25 trillion in mortgages for cash to the banks. In Canada, with 1/10th of the U.S. population, Canadian banks exchanged $125 billion in mortgages for cash.

    “There is only a subtle distinction between injecting capital into a bank and relieving it of assets so that it can avoid a capital injection. Kind of like your Dad temporarily buying your bike from you when you ran out on money in university, and then selling it back to you six months later when you were flush from a summer job. The notion that Canada’s “free market” took care of itself [in the 15 months after the financial crisis] is poppycock.”

    There’s more:

    “The Canadian government was not the only government to support Canadian banks. The largest five Canadian banks which are active in the U.S. banking market received US$111 billion via American programs to support Wall Street.

    To say Canadian banks got no bailout is to disregard that the federal finance department and the Bank of Canada moved heaven and earth to ensure that Canadian banks were protected before they needed even more extensive support. It is manipulative and disingenuous to retell history as though Canadian banks sailed through the financial crisis on their own steam.”

    And as far as bailouts go – the U.S. banks got bailed out after the fact; Canadian banks are perpetually bailed out. We have something called the CMHC (Canada Housing and Mortgage Corporation). Check it out if you want a good laugh. The Canadian taxpayers take almost all risk away from the Canadian banks – at all times – yet very few Canadians know this. That’s why our banks were handing out 0% down, 40 year, no-doc/cash back mortgages (just as you did). Your banks looked to unwary investors to buy the subprime mortgages; Canadian banks looked to CMHC.

    I’ll have to email some good links to Chris Hedges just so he understands that all central banks are in collusion and that Canada follows lock-step with the States.

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    25th August 2012 at 5:33 pm

  13. Suster says:

    In his December 29, 2008, column for Truthdig, Hedges identified himself as a “socialist” in contrast to what he sees as “ruthless totalitarian capitalism.”

    On November 4 2011, Hedges was arrested with others in New York as part of the Occupy Wall Street demonstration.

    Like or Dislike: Thumb up 2 Thumb down 1

    25th August 2012 at 10:20 pm

  14. S Paul says:

    Hedges presents so many insights and so many useful perspectives that one can’t help but grow and change. He is a rare dude, indeed. One thing that he implies is that it is not about left vs. right, bailout vs. personal responsibility, etc. but that in our final hours we are retreating into illusions that we almost need to avoid painful realities. We are becoming illusionists who believe our own performance. I will give you a personal example. In the late nineties I studied world trade flows, currencies, etc. and wound up investing in gold and silver to protect my savings. I am now well to do and at times believe my own illusion that I am much better off…when in reality the decay around me is my very personal real reality. I have been rewarded with a little extra time and comfort…at best!

    Like or Dislike: Thumb up 2 Thumb down 0

    25th August 2012 at 11:28 pm

  15. randyme says:

    Gotta love tvo…

    TV Ontario…

    Inverted totalitarianism…

    Where corporations use the media to affect conformity through emotion controling drama, thereby controling the desires of the masses…

    Who then demand that government act on those particular desires…easy credit, security…

    What makes this tool so effective is that the corporation use the media to “unbiasedly” support the party system of government, thereby giving wieight to minority held beliefs…

    Who then rally around in a seemingly anti-conformist way…Mormon republican presidential nominee, Teay party…

    The “inversion” is that we demand what we see…The “totalitarianism” is that corporations are telling us what we demand…clean coal, the new I-gadget, a bigger house, a new car, louis vittton hanbags…

    anyway….

    Like or Dislike: Thumb up 2 Thumb down 0

    25th August 2012 at 9:36 am

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