Tom
Waits and Allen Greenspan collaberate on a new project to reveal: "History
informs us that Human Beings have short memories." Alan
Greenspan the Ayn Rand Man speaks on his record of deception, self-deception and
willful ignorance; an idology gone wild for the invisible hand. Greenspan is the
invisible hand man, a minion for Irrational Objectivism. History teaches us
that Human Beings have short memories. Objectivist
Ayn Rand, ardent advocate of reason, rational self-interest, individual
rights and free market capitalism. Ayn Rand and Alan Greenspan forget to remember
we are living on a finite surface (The Earth) with limited resources to squander
for rational self-interest, individual rights and free market capitalism. This
miscalculation leads to Irrational Objectivism. Irrational Objectivism has nothing
to do with "REASON," the rest is history.
Terror
and Reprisal has found its voice in this new CD release by: Tom Waits
and Alan Greenspan Terror and reprisal attract the the most thuggish
of characters. Zealotry is such an easy emotion to use to divert passions to violence
from considered applications of civility. Greenspan has realized the error of
his ways. "unknown knowns are known unknowns that have been forgotten"
Greenspan
on Supply and Demand "For
the best of all possible worlds choice is the one force that drives the need to
have needs. So many choices -- so many needs, the invisible hand is the best hand
for demanding supply supplying demand." Objectivist
Ayn Rand, ardent advocate of reason, rational self-interest, individual
rights and free market capitalism. Ayn Rand and Alan Greenspan forget to remember
we are living on a finite surface (The Earth) with limited resources to squander
for rational self-interest, individual rights and free market capitalism. This
miscalculation leads to Irrational Objectivism. Irrational Objectivism has nothing
to do with "REASON," the rest is history.
Note: The
Stifling Piety of faith by the righteous leaves many externalities to recon with;
the poor of the world will starve by the millions thanks to Greenspan and
Ayn Rand. Greed is Good? Greed is God |

liberty crucified --Hard Times | Scari.Org
copyright Scari©2008 all rights reserved Scari.Org |
Milton
Friedman eat your heart out, wish you were here, but now you are in Mormon
Heaven, no worries, lots of singing in robes so white and clean, Mormons love
almost everything Jewish
but they do hate guilt.
Trickle-Down Economics
by the Ownership Society Conservatory
Explore our New Reality through song, the Trickle Down Blues backed by: Conservatory
for the Preservation of the Status Quo Ownership Society. |
"RED
INK" trickle down
CD NOW AVAILABLE Beyond
the Beatles White Album, there is the Red Ink Album |
Shrill
Screech After much scrapping and bickering
over content and lyrics the Ownership Society Trickle Down CD is now available.
10/23/08
Greenspan Mea Culpa on Greed is Good Yes,
the opaque Greenspan decides to cop-a-plea. Well Allen, it's no mystery. Your
magic wand, reaching down from that mystical cloud did not have the proverbial
invisible hand attached after all. Greenspan said, "I forgot to factor in
duplicity, mendacity, perfidy and incestuous amplification."He went on to
state, "unknown knowns are known unknowns that have been forgotten."
So Alan Greenspan has invented the Trickle Up Trickle Down, a blues balad as heart
rending as any ever written. Soon to be released, "The Ownership Society
Trickle Down" sung by Tom Waits, will explore the scope and reach of Alan
Greenspan Verbage. Alan Greenspan sycophant for Ayn Rand; Alissa
Rosenbaum aka, Ayn Rand had her day. Many misguided devotees threw society from
the tower as Atlas Shrugged -- it's an American Pathology to learn not from history,
to insist on having an invisible hand guide our existence is oxymoronic. "Letting
markets care for themselves is like asking a pig to rule the farm. The
Ownership Society Trickle down. Extraordinary times call for extraordinary
measures, Extraordinary measures call for extraordinary times. Thanks
to all, now it's time for the Invisible hand to reveal itself. The Ownership Society
has finally trickled down, now the Ownership Society-R-Us. Now we are all visited
by the Ownership Society Trickling down the crack of each man's ass. "For
the best of all possible worlds choice is the one force that drives the need to
have needs. So many choices -- so many needs, the invisible hand is the best hand
for demanding supply supplying demand." Gus O. Kahan Milton
Friedman Speaks: From
beyond the Veil Converted Mormon Milton Friedman speaks Saint and Spirit speaks
out from Beyond The Veil. Converted
to Mormonism, June 10, 2007 Milton Friedman Speaks: From
the beyond. Milton Freidman communicates to his medium, here on Earth, Tom
Friedman, shill for Globalization, the Classified Meritocracy and the Flat
Planet Pyramid Scheme. Milton Freidman Missive as follows: "I'm
being treated quite well, the Mormon Music is a bit stilted but I do have my own
planet to populate just like they promised and I love Mormon Jokes. Wish your
were here." Milton Friedman went on to postulate: "For
the best of all possible worlds choice is the one force that drives the need to
have needs. So many choices -- so many needs, the invisible hand is the best hand
for demanding supply supplying demand." July, 4, 2007
Missive received by:Tom Friedman from Milton Friedman, Converted Mormon. "Mormon
Posthumous Baptism of Jews is still a source of ire for the Jewish faithful but
it seems, according to The
Mormons, it's practice is beneficial for all involved Jews
included." Looking forward to another Mormon posthumous
conversion: The Mormons are slathering over the expectant passing of Alan
Greenspan, anxious to convert another prominent Jew. Allen Greenspan is expected
to pass through the The Veil into the Mormon Afterlife with little travail. Alen
Greenspan, a proponent of fraud as part of the nasty business of markets, will
find Mormon Heaven to be like a "clean well lighted room." |
Wall
Street Journal October 23, 2008, 11:24 amGreenspan Shocked
to Find Flaw in Ideology
Former Federal Reserve Chairman Alan Greenspan said he made a mistake
in believing banks and others would protect their shareholders and own firms
equity. He was shocked to learn of the breakdown in lending standards
and risk management at the firms that lead to the current credit crunch.
I
still do not fully understand why it happened and obviously to the extent that
I figure where it happened and why I will change my views. If the facts change
I will change, he told the House Oversight Committee. Rep. Henry Waxman,
chairman of the committee, challenged Mr. Greenspan and asked You found
your view of the world
was not right? Mr. Greenspan admitted that
he found a flaw in his ideology and thats precisely the
reason I was shocked. Still, Mr. Greenspan, who pushed in 2000 to let
derivatives, including swaps, remain unregulated, said derivatives by and large
are working well. The exception is credit default swaps, insurance
like products that were at the heart of problems at American International Group.
He said he has a serious problem with them. Kara Scannell October
23, 2008 House Oversight Committee hearing featuring testimony from former Federal
Reserve chairman Alan Greenspan on the role of regulators leading up the financial
crisis had a particularly partisan bent, with lawmakers on both sides of the aisle. He
challenged Greenspan directly on the former Fed chiefs free-market stance,
and got Greenspan to admit that he found a flaw in his ideology. Greenspan
repeated a common theme that no one saw the crisis coming. If all those
extraordinarily capable people were unable to foresee the development of this
critical problem [of securitization], which undoubtedly was the cause of the world
problem with respect to mortgage-backed securities, I think we have to ask ourselves,
Why is that? he said And the answer is that were
not smart enough as people. We just cannot see events that far in advance. Waxman
said, Over and over again ideology trumped governments. Our regulators
became enablers rather than the enforcers. Their trust in the wisdom of the markets
was infinite. The mantra became government regulation is wrong. The market is
infallible, Obituary for Alan Greenspan, abstruse
and obtuse Alan Greenspan was both, he engaged in willful ignorance to promelgate
an idology. The Idology, "Greed is Good" and "Capitol of it own
nature is very very good no matter what it does." is and has always been
a known known while the known unknowns go begging for answers. Well? Ownership
Society Trickle-Down tragedy of the commons 
tragedy of the Common
Ayn
Rand condensed: Magnum
Opus of the Trickle Down Blues Ayn Rand Rant:
In the in 1949 movie "The Fountainhead" Ayn Rand insisted that the entire
speech that Gary Cooper (Howard Roark) delivers covers all the Objectivist tenents.
A varitable rant on what Alan Greenspan has embeded into the American Economic
System, a Reagan Doctrine laundered through a myriad of players now has come home
to roost in a time when moral compases are reeling from radical gravitational
mood swings. Objectivist Axiom, Ayn Rand's advocate of reason, rational self-interest,
individual rights and free market capitalism forgets to remember there are finite
resources and far too many humans to make this work for the betterment of humanity
but well suited for individual self-interset: A Tragedy of the Commons.
"The
Fountainhead" (1949) Howard Roark's Address to the Jury profligate
free-enterprise promiscuity Judge: The defense
may proceed. Roark: Your Honor, I shall call no witnesses. This will
be my testimony and my summation. Judge: Take the oath. Court Clerk:
Do you swear to tell the truth, the whole truth, and nothing but the truth, so
help you God? Roark: I do. Thousands of years ago, the first man
discovered how to make fire. He was probably burned at the stake he had taught
his brothers to light, but he left them a gift they had not conceived, and he
lifted darkness off the earth. Throughout the centuries, there were men who
took first steps down new roads, armed with nothing but their own vision. The
great creators -- the thinkers, the artists, the scientists, the inventors --
stood alone against the men of their time. Every new thought was opposed; every
new invention was denounced. But the men of unborrowed vision went ahead. They
fought, they suffered, and they paid. But they won. No creator was prompted
by a desire to please his brothers. His brothers hated the gift he offered.
His truth was his only motive. His work was his only goal. His work --
not those who used it. His creation -- not the benefits others derived from
it -- the creation which gave form to his truth. He held his truth above all
things and against all men. He went ahead whether others agreed with him or not,
with his integrity as his only banner. He served nothing and no one. He lived
for himself. And only by living for himself was he able to achieve the things
which are the glory of mankind. Such is the nature of achievement. Man cannot
survive except through his mind. He comes on earth unarmed. His brain is his only
weapon. But the mind is an attribute of the individual. There is no such thing
as a collective brain. The man who thinks must think and act on his own. The reasoning
mind cannot work under any form of compulsion. It cannot be subordinated to the
needs, opinions, or wishes of others. It is not an object of sacrifice. The
creator stands on his own judgment; the parasite follows the opinions of others.
The creator thinks; the parasite copies. The creator produces; the parasite
loots. The creator's concern is the conquest of nature; the parasite's concern
is the conquest of men. The creator requires independence. He neither serves
nor rules. He deals with men by free exchange and voluntary choice. The parasite
seeks power. He wants to bind all men together in common action and common slavery.
He claims that man is only a tool for the use of others -- that he must think
as they think, act as they act, and live in selfless, joyless servitude to any
need but his own. Look at history: Everything we have, every great achievement
has come from the independent work of some independent mind. Every horror and
destruction came from attempts to force men into a herd of brainless, soulless
robots -- without personal rights, without person ambition, without will, hope,
or dignity. It is an ancient conflict. It has another name: "The individual
against the collective." Our country, the noblest country in the history
of men, was based on the principle of individualism, the principle of man's "inalienable
rights." It was a country where a man was free to seek his own happiness,
to gain and produce, not to give up and renounce; to prosper, not to starve; to
achieve, not to plunder; to hold as his highest possession a sense of his personal
value, and as his highest virtue his self-respect. Look at the results. That
is what the collectivists are now asking you to destroy, as much of the earth
has been destroyed. I am an architect. I know what is to come by the principle
on which it is built. We are approaching a world in which I cannot permit myself
to live. My ideas are my property. They were taken from me by force, by breach
of contract. No appeal was left to me. It was believed that my work belonged
to others, to do with as they pleased. They had a claim upon me without my consent
-- that it was my duty to serve them without choice or reward. Now you know
why a dynamited Courtland. I designed Courtland. I made it possible. I destroyed
it. I agreed to design it for the purpose of it seeing built as I wished. That
was the price I set for my work. I was not paid. My building was disfigured at
the whim of others who took all the benefits of my work and gave me nothing in
return. I came here to say that I do not recognize anyone's right to one minute
of my life, nor to any part of my energy, nor to any achievement of mine -- no
matter who makes the claim! It had to be said: The world is perishing from
an orgy of self-sacrificing. I came here to be heard in the name of every man
of independence still left in the world. I wanted to state my terms. I do not
care to work or live on any others. My terms are: A man's RIGHT to exist for
his own sake. And
he was aquitted of the charge of profligate free-enterprise promiscuity Caveat:
Had I collaborated with Ayn Rand I might have questioned the premis: "The
invisible hand is the best hand for demanding supply, supplying demand."
I might have posed that profligate free-enterprise promiscuity might result.
Dr. Harold Archer Quimby the
Trickle Down Blues The Ownership Society Trickle Down Blues "We
think we knew how the world works We know they know how the world works
We took our eye off the ball, now the known unknowns will frolic we wanted
to defy logic for the next uptick And now there be a trickle down trickle
down trickle down The Ownership Society Trickle down, Trickling down
the crack of each man's ass wish you were here Ron and Nancy
for the "get the beast off my back" It be the Ownership Society
Trickle-down Blues We are liv'in with the big trickle-dowm -------Blues
trickling down trickles down T R I C K L E D O W N with the invisible
hand Alissa Rosenbaum or as we know her, Ayn Rand Atlas shrugged
at the prospect of giving up the moral higher ground to lumpin folk.
trickles down trickle down whiners whiners, what a bunch of whiners
trickle down: fade to low drum roll.* What a bunch of whiners all you
livin with the Trickle Down Blues Need to network and schmooze.
*Note: The back up band is crammed with talent. Phil Gramm AKA
William Philip Gramm is the lead drummer & percussionist. Newt Gingrich
and Tom Delay are lead and rhythm guitar, Horn section is headed up by Bill
Clinton. Base, Dick Army Key board, Condi Rice and Orin Hatch Again
we will state: Everyone knows, the road to Baghdad leads thru Jerusalem.
G.O.K. |
Master
of probability theory management: Greenspan's ultimate Fraud:
Market fluctuations are favored to be factored so they can be taken advantage
of. Fraud is the grease on which the skids of commerce slide. With regulation
(rules) fraud is curtailed and innovation is frozen like a cockroach in amber.
There is no opportunity to move on to "the next new big thing. Alan
Greenspan Speaks The
Oracle of Ayn Rand was seduced by himself but the exponential compound of ever
higher dividends was confirmation enough. "Spread the wealth of the Ownership
Society." Accepting an honorary degree from
New York University "Corporate scandals and evidence of fraud and
malfeasance notwithstanding, the history of rising standards of living in a world
fearful of violence is extraordinary testimony to the resilience of free peoples
engaged in commerce." December 14, 2005 On international
imbalances "If the currently disturbing drift toward protectionism
is contained and markets remain sufficiently flexible, changing terms of trade,
interest rates, asset prices, and exchange rates will cause U.S. saving to rise,
reducing the need for foreign finance and reversing the trend of the past decade
toward increasing reliance on it. If, however, the pernicious drift toward fiscal
instability in the United States and elsewhere is not arrested and is compounded
by a protectionist reversal of globalization, the adjustment process could be
quite painful for the world economy. " December 2, 2005 On
international imbalances "If the currently disturbing drift toward
protectionism is contained and markets remain sufficiently flexible, changing
terms of trade, interest rates, asset prices, and exchange rates will cause U.S.
saving to rise, reducing the need for foreign finance and reversing the trend
of the past decade toward increasing reliance on it. If, however, the pernicious
drift toward fiscal instability in the United States and elsewhere is not arrested
and is compounded by a protectionist reversal of globalization, the adjustment
process could be quite painful for the world economy. " December
2, 2005 On stability and economic growth: The role of the central bank
"Being able to rely on markets to do the heavy lifting of adjustment is an
exceptionally valuable policy asset. The impressive performance of the U.S. economy
over the past couple of decades, despite shocks that in the past would have surely
produced marked economic disruption, offers the clearest evidence of the benefits
of increased market flexibility." November 14, 2005 On the
economic outlook "The longer-term prospects for the U.S. economy
remain favorable. Structural productivity continues to grow at a firm pace, and
rebuilding activity following the hurricanes should boost real GDP growth for
a while. More uncertainty, however, surrounds the outlook for inflation."
November 3, 2005 On energy "Although the global economic
expansion appears to have been on a reasonably firm path through the summer months,
the recent surge in energy prices will undoubtedly be a drag from now on.... The
effect on growth would have been greater had oil not declined in importance as
an input to world economic activity since the 1970s." October 17,
2005 On economic flexibility "In my more than eighteen years
at the Federal Reserve, much has surprised me, but nothing more than the remarkable
ability of our economy to absorb and recover from the shocks of stock market crashes,
credit crunches, terrorism, and hurricanesblows that would have almost certainly
precipitated deep recessions in decades past." October 12, 2005
On economic flexibility "History cautions that extended periods
of low concern about credit risk have invariably been followed by reversal, with
an attendant fall in the prices of risky assets. Such developments apparently
reflect not only market dynamics but also the all-too-evident alternating and
infectious bouts of human euphoria and distress and the instability they engender."
September 27, 2005 On mortgage banking "The apparent
froth in housing markets may have spilled over into mortgage markets. The dramatic
increase in the prevalence of interest-only loans, as well as the introduction
of other, more-exotic forms of adjustable-rate mortgages, are developments that
bear close scrutiny." September 26, 2005 On the housing
boom "The housing boom will inevitably simmer down. As part of that
process, house turnover will decline from currently historic levels, while home
price increases will slow and prices could even decrease. As a consequence, home
equity extraction will ease and with it some of the strength in personal consumption
expenditures. The estimates of how much differ widely." August
27, 2005 Reflections on central banking "The developing protectionism
regarding trade and our reluctance to place fiscal policy on a more sustainable
path are threatening what may well be our most valued policy asset: the increased
flexibility of our economy, which has fostered our extraordinary resilience to
shocks." August 26, 2005 Monetary policy report to Congress
"Our baseline outlook for the U.S. economy is one of sustained economic growth
and contained inflation pressures. In our view, realizing this outcome will require
the Federal Reserve to continue to remove monetary accommodation. This generally
favorable outlook, however, is attended by some significant uncertainties that
warrant careful scrutiny." July 20, 2005 Central Bank panel
discussion "After its recent very rapid advance, the hedge fund industry
could temporarily shrink, and many wealthy fund managers and investors could become
less wealthy. But so long as banks and other lenders to these ventures are managing
their credit risks effectively, this necessary adjustment should not pose a threat
to financial stability." June 6, 2005 On energy
"The effect of the current surge in oil prices, though noticeable, is likely
to prove less consequential to economic growth and inflation than in the 1970s."
May 20, 2005 On Government-Sponsored Enterprises "Without the
needed restrictions on the size of the GSE balance sheets, we put at risk our
ability to preserve safe and sound financial markets in the United States, a key
ingredient of support for housing." May 19, 2005 Commencement
address at the Wharton School "Rules exist to govern behavior, but
rules cannot substitute for character.... The true measure of a career is to be
able to be content, even proud, that you succeeded through your own endeavors
without leaving a trail of casualties in your wake." May 15, 2005
On risk transfer and financial stability "Market participants
and policymakers must be aware of the risk-management challenges associated with
the use of derivatives to transfer risk, both within the banking system and outside
the banking system. And they must take steps to ensure that those challenges are
addressed." May 5, 2005 On consumer finance "In
this increasingly competitive and complex financial services market, it is essential
that consumers acquire the knowledge that will enable them to evaluate products
and services from competing providers and determine which best meet their long-
and short-term needs." April 8, 2005 On regulatory reform
of the government-sponsored enterprises "Without restrictions on
the size of [government-sponsored enterprise] balance sheets, we put at risk our
ability to preserve safe and sound financial markets in the United States, a key
ingredient of support for homeownership." April 5, 2005 On
the future of the Social Security program and economics of retirement
"Focusing on solvency within the Social Security system, without regard to
the broader macroeconomic picture, does not ensure that the real resources to
fulfill our commitments will be there.... In addressing Social Security's imbalances,
we need to ensure that measures taken now to finance future benefit commitments
represent real additions to national saving." March 15, 2005
On bank regulation "To be effective regulators, we must also attempt
to balance the burdens imposed on banks with the regulations' success in obtaining
the intended benefits and to discover permissible and more-efficient ways of doing
so. Because we understand that regulatory changes can be quite costly, we recognize
as well the important regulatory responsibility to balance the cost of change
with the desired benefits." March 11, 2005 On globalization
"We may not be able to usefully determine at what point foreign accumulation
of net claims on the United States will slow or even reverse, but it is evident
that the greater the degree of international flexibility, the less the risk of
a crisis. " March 10, 2005 On Adam Smith "In
the broad sweep of history, it is ideas that matter. Indeed, the world is ruled
by little else.... The short list of intellectuals who have materially advanced
the betterment of civilization unquestionably includes Adam Smith. He is a towering
contributor to the development of the modern world." February 6,
2005 On the mortgage market and consumer debt "Debt leverage
of all types is often troublesome when one judges the stability of the economy.
Should home prices fall, we would have reason to be concerned about mortgage debt;
but measures of household financial stress do not, at least to date, appear overly
worrisome. " October 19, 2004 On monetary policy 25 years
after October 1979 "In a democratic society such as ours, the central
bank is entrusted by the Congress, and ultimately by the citizenry, with the tremendous
responsibility of guarding the purchasing power of money. It is now generally
recognized that price stability is a prerequisite for the efficient allocation
of resources in our economy and, indeed, for fulfilling our ultimate mandate to
promote maximum sustainable employment over time. But the importance of price
stability has sometimes been insufficiently appreciated in our central bank's
history, and such episodes have had unfortunate consequences." October
7, 2004 On banking "It would be a mistake to conclude...
that the only way to succeed in banking is through ever-greater size and diversity.
Indeed, better risk management may be the only truly necessary element of success
in banking." October 5, 2004 At his nomination
hearing, 2004 "The Federal Reserve's experiences over the past two
decades make it clear that ...uncertainty is not just a pervasive feature of the
monetary policy landscape; it is the defining characteristic of that landscape.
As a consequence, the conduct of monetary policy in the United States has come
to involve, at its core, crucial elements of risk management." June
15, 2004 At his morning shaving before the mirror 2008
"For the best of all possible worlds choice is the one force that drives
the need to have needs. So many choices -- so many needs, the invisible hand is
the best hand for demanding supply supplying demand." On
the Unknown 2008 "Unknown knowns are known unknowns that have been
forgotten" Dick
Cheney Personal Virtue Remembered: Remember: The
Dark Angler full of Wisdom, the Purveyor of Personal Virtue, "conservation
may be a sign of personal virtue, but it is not a sufficient basis for a sound,
comprehensive energy policy." He rejected energy conservation and renewable
energy sources as major alternatives, promoting nuclear power as good for the
environment since it emitted few greenhouse gases, ignoring the problems of nuclear
waste disposal. Why and how, Cheney made National Energy Policy decisions remains
a mystery of personal virtue but we do know that through his personal virtue,
Ken Lay speaks to us beyond the grave, "Personal virtue is quite subjective."
Dick Cheney concurrs
The wisdom of crowds is Common Knowledge: "The invisible hand is the
best hand for demanding supply, supplying demand."
This
deluded economic model has seen its day, run its race to our chagrin. There ain't
no invisible hand, there is only self interest, tribal fealty, rank in that order,
the need to make babies and to sleep on a very full stomach. There may be
more but one must go out and look for it. Michael-Lee
Randles, systems analyst Entrepreneurial Investorship Populist.Tom
Freidman Shill
for everything capital intensive, Tom Friedman, misunderestimated the Trickle-Down
Globalization of his Ownership Society; it's the CRISIS OPPORTUNITY for his
flat planet. Rapture
Ready Criminal
Bush

Crusader Bush "repair
to rapture" So, is George W. Bush the Idealist without
Illusion or the Illusionist without Ideals? George Bush is soon to
announce his conversion to
Mormonism. |