Few of the many analyses on Federal Reserve policy consider the psychology of diminishing political and financial returns of Fed promises.
Zero Hedge offered just such a psychological insight (with a deliciously Freudian twist) with this question:Does the Fed need to re-instill some discipline in order to regain its omnipotence? Why (For The Fed) It Is All In The Foreplay
Resistance, Revolution, Liberation: A Model for Positive Change (print $25)
(Kindle eBook $9.95)Read the Introduction (2,600 words) and Chapter One (7,600 words) for free.
We are like passengers on the Titanic ten minutes after its fatal encounter with the iceberg: though our financial system seems unsinkable, its reliance on debt and financialization has already doomed it.We cannot know when the Central State and financial system will destabilize, we only know they will destabilize. We cannot know which of the State’s fast-rising debts and obligations will be renounced; we only know they will be renounced in one fashion or another.
The process of the unsustainable collapsing and a new, more sustainable model emerging is called revolution.Rather than being powerless, we hold the fundamental building blocks of power. We need neither permission nor political change to liberate ourselves. A powerless individual becomes powerful when he renounces the lies and complicity that enable the doomed Status Quo’s dominance.
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