The Pathology of the Bureaucracy

Monday, May 24, 2010
By Paul Martin

by Captain Hook
FinancialSense.com
May 24, 2010

What would you say if it was suggested that our business and political leaders, the larger bureaucracy, and their market managers were all acting in an increasingly irrational fashion, and are exacerbating negative long-term effects with all their meddling in things they should better leave alone, those being any market they decide to manipulate for whatever reason. Would you say that one sentence sums up a large part of the condition our condition is in without naming all the names, politics, etc. as none of this really matters in the end? In my opinion this is certainly true with regard to the two-party system in the US, and that of all Western economies as a result, where all the meddling has gone well past any prior useful purpose, and now in fact threatens to become the measure of decay from within. That’s how all empires end you should know, from within, with the American Empire ultimately no exception to this rule undoubtedly.

Of course because we are talking about a global empire here not paralleled in magnitude since that of Rome, the pathology of ill-fated behavior and process associated with the unwinding can be quite lengthy and complex, with crisis episodes at various intervals along the way. The Greek bailout last week is a classic example of this, where as the critical nature of events accelerated because of previous meddling on the part of European Union (EU) in microcosm, more meddling was naturally required to compensate for previous policy, with intensity on the increase as the prognosis for the Union became better understood. Or at least this what EU officials were undoubtedly thinking when they cobbled together a bailout for the PIGS, thinking this should buy us some time in being so large ($1 trillion), at a minimum.

And now that any semblance of credibility has been lost to the EU, along with it’s failing currency that continues to crash despite last weeks measures designed to stabilize the eurozone, they are exposed for the fraud of inflation, which is a precursor of what is to come for all Western economies. High yield funds are witnessing record outflows and credit spreads are threatening to do a repeat of the subprime crisis, or worse. So, don’t think this mess is limited to Europe, like our bought and paid for mainstream media and their buddies in government and business would like you to believe. Of course Europe might be the present epicenter in the larger demise of Western influence, along with its hegemony, despite a similar fate virtually certain for the euro sooner or later. Here, it’s only a question of how long Germany is willing to pay other peoples bills at the behest of the international banking cartel. Once Germany decides to pullout of the EU, and they will eventually, the euro will be history.

The Rest…HERE

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