New World Order University Forum

Two posts on the causes of the financial crash have caught our attention.

Paul Cella writes on the shadow banking system and globalism at The New Atlantis. Cella lays the blame on “financial engineering” linked to overreliance on rationalism and statistical abstractions. This analysis gets to the level we want to probe, the fundamental error of modern rationalism leading to the global police state. “Technocratic despotism.”

“The industries of banking, investment banking, shadow banking, structured finance, mortgage finance, securitization, commercial paper, whole swaths of the simpler bond markets — they are now, in effect, socialized.”

Cella has another post at his website, What’s Wrong with the World.

We think Paul is on the right track, though lacking knowledge of the overall criminal conspiratorial network we expose. We’re satisfied if you just grasp that technocratic rationalism is leading to a very bad future, an unreformable global financial octopus that overwhelms political structures with its sophistication.

The power of the global financial network is based on a false idea, economic man. All economists subscribe to this abstract ideal of universal pursuit of self-interest whether by labor or capital or legalized usury. We won’t really be able to break the financial system and envision a good future for man until this way of thinking is broken and discredited. We’ll pursue that project in future posts.

Tags: global financial system

This entry was posted by Director on Thursday, March 4th, 2010 at 3:39 pm and is filed under Global Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.