Blog Archives

So Sorry, Your Karma Ran Over Your Dogma

Karma covers a lot of ground, but it boils down to consequences: consequences not just from your actions but from your convictions, schemes, obsessions, and yes, dogmas.

The reason why Karma runs over Dogma is that nobody clinging to a dogma sees themselves as dogmatic. The true believer never sees their conviction as dogma, but as Revealed Truth, as self-evident, a view that is buttressed by all the other True Believers who surround the believer, reinforcing their conviction and soothing any nagging doubts by mocking, “debunking” or marginalizing heretics and critics.

In our society, the mass media serves as a soothing echo-chamber of dogmas. It must be true, the news anchor said it on TV, etc.

Dogmas generate power and profits. Trillions of dollars flow into a few pockets because people believe the dogmas that “you need a college diploma to succeed” and “America’s healthcare system is the best in the world.”

As evidence-based doubts seep in, those at the top of the “faith” who have the most to lose become increasingly fanatical and rabid, pushing an increasingly restrictive Orthodoxy on true believers and establishing an Inquisition to excommunicate or eliminate any heretical doubts or dissenting views.

(more…)

Tagged with: , , ,

Our Financial Future: Infinite Greed Meets a Funny Thing Called Karma

All those angered by the mere question of the viability of this predatory pillaging in the name of capitalism are incapable of even admitting this cultural crisis exists.

Somewhere along the line, we lost the ability to distinguish between earning a profit and maximizing private gain by any means, i.e. Infinite Greed. If you insist on making this distinction now, you anger a lot of people, as it blows the capitalist cover of Infinite Greed.

The distinction between earning a profit and maximizing private gain by any means angers not just the few benefiting from the useful delusion that Infinite Greed is simply profit on overdrive; it seems to anger everyone who believes the Status Quo of burning mountains of coal to power towel warmers, sitting in traffic burning petrol two hours a day and central banks enriching the already wealthy is not just sustainable but gol-darned good.

If you make the distinction between earning a profit and maximizing private gain by any means, then you realize the status quo is neither sustainable nor good: it is unsustainable and evil.

(more…)

Tagged with: , , , , , , ,

We’ve Habituated to a Rigged, Fraudulent Market

Fraud generates risk, and risk eventually breaks out in the “safest” parts of the financial plumbing, the ones nobody gives a second thought to because they’re “low risk.”

Let’s go all the way back to the last time a central banker actually spoke the truth in public: December 5, 1996, 18 long years ago. It was on that day that Federal Reserve Chair Alan Greenspan gave a typically dry speech that hinted stocks could actually become overvalued (gasp!) due to irrational exuberance and subsequently plummet when rational valuations returned:

(more…)

Tagged with: , , , , , , ,