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Beware of the “dark side” of humanity during any collapse

August 22, 2017

Image: Beware of the “dark side” of humanity during any collapse
While there have been countless books, movies and television shows about life after some type of apocalyptic event, chances are none of us will ever actually be forced to experience what its like trying to rebuild society from the ground up. More than likely, the majority of us will never be so hungry that we’re forced to get food from somewhere other than the local supermarket, craft our own tools and weapons just to make it through the day, or make decisions that are a matter of life or death. All that being said, there is still a burning question that millions of Americans across the country find themselves asking every now and then: what if?

What if society really did crumble like a house of cards? What if we really were forced to rebuild from the ground up? What would that look like? Would mankind be able to set aside our differences for the greater good, or would the ensuing chaos and fear bring out the worse in us?

All of these can be answered by addressing one more overarching question: are human beings good or evil by nature? It would appear that when reduced to their natural state as a species, humans possess the will and desire to work together with one another; if the opposite were true, then society would never have had the opportunity to be built in the first place. (Related: These are the top ten cities that would be rebuilt first after a societal collapse.) However, it would be inaccurate to say that human beings are entirely good in nature because, as demonstrated through people like Adolph Hitler, Joseph Stalin, and 9/11 mastermind Khalid Sheikh Mohammed, our species clearly has a dark side.

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Our “Star Wars” Economy: The Fed-Farce Awakens

December 18, 2015

Our “Star Wars” Economy: The Fed-Farce Awakens

The Fed’s hubris has led it to the Dark Side.

It’s not just a movie, it’s real life: the Fed-Farce awakens. Now that the Federal Reserve has finally voted to “restore order to the galaxy” with a tiny .25% rate increase, the true measure of our travesty of a mockery of a sham economy–in a phrase, The Fed-Farce–has been revealed.

Here’s a snapshot of the Fed meeting, “restoring order to the galaxy” in a show of unanimous galactic-scale hubris:

If we had to list the fatal wounds inflicted on the economy by the Fed-Farce’s financial repression, we might start with: the Fed’s flood of cheap credit has not boosted productivity, it’s only boosted speculation. Why is this fatal?

Productivity is the engine of wealth creation. Speculation is the engine of wealth inequality and devastating boom/bust cycles. This is self-evident, but unfortunately the Dark Side can also conjure mind-tricks in the weak-minded (for example, Congress, the mainstream media, etc.): the Fed has successfully conned the weak-minded into believing that speculative frenzies of mal-investment and Fed-fueled asset bubbles are the sources of healthy growth.

A funny thing happens when you give unlimited borrowing power at near-zero interest rates to financiers and corporations: they use the free money not to hire more people (that would be incredibly dumb–employees cost money!) but to buy up shares in their own companies and snap up income-producing assets such as rental apartment complexes.

$1 trillion in stock buybacks creates zero jobs. Borrowing $1 trillion to buy back shares (and thus boost the personal wealth of managers and owners) does not create a single job. Repurchasing the company’s stock reduces the number of shares outstanding, which increases your earnings per share without increasing sales or net profits.

In other words, stock buybacks are just another Dark Side mind-trick.

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