The Centralization of Real Power Using Fake Wealth & Self-Interest!

A business that makes nothing but money is a poor business. ~ Henry Ford

One doesn’t have to look much further than the contrast between Henry Ford and Bruno Iksil, aka the London Whale to fathom exactly what it is that has gone so terribly wrong with America and the world. Lets’ simply think of it as the difference between old money and new money.   

As the quote above suggests, the real wealth of America sprang from an exceptionally fertile soil, enriched by much, much more than the want of money. The gardeners were men of great character and vision, who built tangible things to solve tangible needs. When we think of any of the titans of old money, we may see the image of a car or train or factory in our mind. But what are we likely to see when we think London Whale besides money, greed and jail? I know that none of us can visualize a derivative or credit default swap!

This is in no way a slam against the financial services industry. There has probably never been a product created more useful or beneficial to society than the life insurance contract. But a life insurance policy contains provisions and a leverage component I am able to explain to you. Who can explain the intricacies of the instruments involved in the trade that brought down the Whale? His boss Jamie Dimon couldn’t! Hedging is one thing, limitless re-hypothecation is quite another.

Where old money fueled the marvelous advances of western civilization, new money is the $800 Trillion with a T Sword of Damocles hanging over its very decimation! There is no great mystery here. There is only the growing light of truth for those with eyes to see. We are in the late acts of a classic play my friends. A good man writes to me this very morning, “The acceleration of evil is engulfing the planet…” While many seem willing to ignore, who among us can argue this fact?

Are we to believe that because no one can explain the trade, there is no intention behind it other than the self-interest of one very large person? LOOK and see the dominoes falling around the world! Who benefits from insolvencies from Athens to Stockton? Who in our great “Land of Laws” arrogantly operates above them? Here’s a clue…It is not God who sits on the throne casting your lot and determining your fate in Brussels! In this light, for us not to see, I am left to surmise our willingness to bow.

I’m not sure how this play will end, but I would suggest that if our fate lies in the hands of the new money…this fake wealth, like some drought-resistant corn with the nutrient of morality bred out of it…then dear friend, you and I are surely doomed!

 

 

Chip Murray: Wide Awake
Advertisements

About Chip Murray

Singer/Songwriter
This entry was posted in Economy, Politics, Religion, Society, Uncategorized and tagged , , , , , , . Bookmark the permalink.

3 Responses to The Centralization of Real Power Using Fake Wealth & Self-Interest!

  1. Ranjit Kundu says:

    At the end of the day – all this – Money / Value / Price/Things/ Property – are all just human artificial constructs – illusions – which we use to try to account for – (keep score of) – what one human being supposedly has / owns / or owes to another. ANY Ownership Rights system – itself an artificial construct – that allows infinite concentration of IOUs / Money /Wealth / Ownership to the few at the cost of the many – builds up huge systemic & Societal risk – to the detriment of ALL other human beings & society at large. We have been seeing this – especially in USA. In Media Ownership / Wealth / Conglomerates / Pharma / War Industries/ Banking /Land …ad nauseum – but also seen this being replicated across the world in whichever place unbridled greed, ‘so-called’ capitalism, and ‘robber baron philosophy’ (loot & appropriation) have taken root. As a political atheist who subscribes to no labels – Democrat / Republican / Socialist/Capitalist / Communist etc.- it appears to me that – till this is addressed / brought under control – and there is more equity & more community & fellow feeling – where resources are shared equitably – and populations are stabilised – it is a no-brainer that there is much more trouble straight ahead. Egged on & manipulated by the ones who divide us, grab & expropriate & create wars, dissension & strife – and are its secret beneficiaries.
    Dogma – political philosophies – especially in USA – as pushed & promoted online & by rednecks – (eg Capitalism is the Greatest !!! etc) – are merely mirrors that hide / distort the underlying reality. We are temporary travellers through this domain. We bring nothing .. and it is sure that we will take away nothing. In truth, we OWN NOTHING. All our deceptions aside – marking so- called ownership on this or that – patents, property etc – is a deception built around a man-made system – that can – must & SHOULD BE rebuilt / recrafted. For the sake of humankind.

    • shutupnsing says:

      I agree with everything you have said (so well I might add), except for the fact that the very vehicle your words rode in on would not have been possible without “Capitalism”. I wonder if we could agree that capitalism in and of itself is a wondrous thing that morphs into something less desirable when infected with Cronyism?

  2. Pingback: The Sunday Morning Tune-up, July 15th 2012 Edition by Chip Murray | The Differences of US….. Move US to Think

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s