Category: culture

There is a lot of ruin in a nation. Glen Bleck predicts catastrophic instant inflation completely collapsing the currency and government in a single two week crisis.  That is not the way hyperinflation happens. Hyperinflation consists of a series of hyperinflationary crises.  In a hyperinflationary crisis, the value of money falls abruptly, typically to two thirds, half or a third of its previous value.  The collapse occurs so suddenly that …

The cathedral has pursued a policy of compromising with and absorbing competing elites – thus it both allowed the big banks to capture the regulators (resulting in financial crisis, but consolidating the elite’s power over ordinary Americans) and allowed the Soviet Union to infiltrate the US government (thus causing wars and communist victories, but consolidating the elite’s power over ordinary Americans). As Dusk tells us: look at how much regulation …

Today’s ruling class, from Boston to San Diego, was formed by an educational system that exposed them to the same ideas and gave them remarkably uniform guidance, as well as tastes and habits. These amount to a social canon of judgments about good and evil, complete with secular sacred history, sins (against minorities and the environment), and saints. Using the right words and avoiding the wrong ones when referring to such matters – speaking the “in” language– serves as a badge of identity. Regardless of what business or profession they are in, their road up included government channels and government money because, as government has grown, its boundary with the rest of American life has become indistinct. Many began their careers in government and leveraged their way into the private sector. Some, e.g., Secretary of the Treasury Timothy Geithner, never held a non-government job. Hence whether formally in government, out of it, or halfway, America’s ruling class speaks the language and has the tastes, habits, and tools of bureaucrats.