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It is morally defensible to establish a nation-state built around maintaining a specific and exclusive ethnic population
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Martin Armstrong:Vertical Isolated Core Structures
Submitted by seymourblogger on Mon, 2011-12-05 17:42
In reality, there will never be such coordination because there will never be universal agreement. Just as within each company there are these vertical isolated core structures that prevent it from truly acting as a single entity in most circumstances, when you try to group together these companies into a single unit, the same vertical isolated core structures then emerge. The competition between the firms prevents the very coordinated body that people attribute to them during a crash. The proof of this is actually the fact that Goldman needed also to be bailed out. Buffett lent them money and they were given access to the Fed window not to mention the TARP funds. They were right on the trade, but failed to consider the CONTAGION that would be unleashed. They failed to grasp that difference of a mortgage debt crisis from a mere crash in a commodity or the stock market where the scope is limited. A mortgage collapse affected the entire credit system and nearly brought down the entire house of cards. That certainly Goldman did not expect or else they would have been prepared and would have had short positions much beyond the mortgage CDO market. It easy to assume the crash was deliberate, but in reality, not even Goldman figured out the CONTAGION factor. This was in part due to the tunnel vision created by the vertical isolated core structure.
Nevertheless, our greatest problem is that government operates on this same vertical isolated core structure. We are doomed because there is no coherent organization and the cost of government rises under this structure as the efficiency of management declines. Our organizational skills are seriously lacking. We have far too many agencies all regulating in an overlapping manner and this increases the cost as well as the inability to actually manage anything. This was one of the complaints in the Declaration of Independence: He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance. It is time to understand this inherent barbaric tribal tendency to create a legion of regulators all operating in competition seriously disrupting the economy and ensuring we are about to collapse in a very big way. We have to gut government and it is time to reorganize the system from the bottom-up. If we are going to continue to be barbarians with a plethora of competing interests within government, then we will be headed toward civil war. Unfortunately, those who benefit from government waste will yell and scream the most. These are the very people who would sooner destroy the nation than act just once rationally for their own long-term survival. The young Republicans are refusing to compromise. They are changing the dynamics of politics more so than most expect. This is the start of the third party movement that may take hold by 2016. They are refusing to follow the party and are demanding deep cuts. They see half the problem correctly as it is the debt, but they are not addressing any lasting changes to the system ensuring this is going to get much worse. The current debt ceiling crisis illustrates the problem of fragmentation and competition. Unless there is a full scale willingness to review the entire structure and respect that everything has to be reorganized, we should expect more of the same. This is competition, not cooperation. So grab your socks – this is approaching the Barbarians at the Gate.
http://www.martinarmstrong.org... An archive of all Armstrong's writing. I started reading him in 1982 but then stopped as I went into buying realestate and managing my properties. and then lost all of them. I should have stayed with Armstrong and currency trading. He is the real deal. There is no one else who understands the entire global situation the way Armstrong does.
The above article from July 28,2011 Barbarians At the Gate
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