Australian Housing Affordability

Housing affordability is attracting the attention of politicians as concern rises that a housing bubble has made homes too expensive. So far, none of the discussions have really addressed the problems. Several key points can be made here from a futurist perspective.

The housing problem…..

Sitting on the left wing agenda is the view that negative gearing of investment properties is a necessary step to making housing more affordable. Government is short of cash. You can see this happening in most liberal democratic countries around the world and should merely be seen as another tax grab. For this reason alone politicians will close the negative gearing window.

Cancelling negative gearing will have the long term effect of driving up rents causing a severe shortage of rental properties. That wont affect the politicians however who vote for the negative gearing “reform” as they will have disappeared into retirement.

Pre-2016 election talk suggested a grandfather clause to existing investment property holders. The time between initiating the legislation to when it goes into effect creates a window for people to grab up properties for investment purposes. The short and sharp buying frenzy in conjunction with this kind of policy or news would be typical of a major long term top for Australian property markets. This kind of event is common in financial markets when changes of trend occur at the end of a long term market. Policy or news has caught up too late. It always results in a major reversal. We might anticipate the peak of the Australian property market would last decades.

Other proposed measures include first home owners being allowed to access superannuation to form a deposit. When first home owner grants were introduced in 2000, property prices for new homes jumped by multiples of the $7000 grant. This reflected the increased purchasing power an extra $7000 had on loan to valuation ratios. If super is allowed into the equation we’ll see property prices once again jump higher as builders respond to improved loan ratios.

Part of the affordability solution……..

One issue that never gets discussed is the supply related issues created by government themselves. In many capital cities around the world, including Australia, housing affordability is often the unintended consequence of regulatory bottlenecks where zoning, building regulations and permits choke the flow of new supply and drive up the cost of housing. Clearly this needs to be addressed and would go a long way towards addressing the affordability issue.Another issue under the microscope where investors hold a property seeking only capital gains by leaving the property untenanted. If governments must be seen to be doing something, a tax on properties untenanted for longer than say 3 months would take the heat off buyers as they realize the benefits renting over buying bring in an overheated property market.

Suffice to say the long term direction of Australian property values are coming to a head in conjunction with other Australian and global social, political and economic issues. Housing affordability is just another issue along with many others whose origins lie decades in the past and whose solution cannot be answered by politicians or central planners

 

Pendulum of Government Overreach has Peaked

The pendulum of government overreach has peaked in most liberal democratic countries around the world (for now). The major political events of 2016 have shown increasing resistance to government given the rising number of breaches in civil liberties and failure of government to identify and respond to the disenfranchised members of their societies.

Many segments of society have felt themselves becoming impoverishment. At the same time they have watched the hubris, greed and failure of politicians to deliver solutions to resolve the various politically made crises. One of the recurring questions that will emerge is the role of government in the lives of people.

By the time politicians’ hubris has completely evaporated, the nature of liberal democratic countries will have changed. We see major risk of political, economic and social upheaval occurring between now and 2028-2033 This phase may extend before social, political and economic stability becomes the norm. As always the pendulum will one day swing again towards increasing government involvement in the lives and affairs of ordinary people.

US Presidential Election Comment

All the elements are in place for a political meltdown with the coming election. The circumstances of this election are very similar to the Brexit vote that caused an earthquake.

Consider:

  • There is a large disenfranchised portion of the US electorate.
  • Establishment seeks to maintain the status quo.
  • Widespread disgust at both presidential candidates.
  • Media is holding a heavily biased standpoint on the outcome of the election result.
  • Financial markets are coiling in preparation for a large move based on the result.
  • Fears of vote rigging, mudslinging by both candidates, the focus is on personalities rather than issues leaving a gridlocked political system.

Most of these points were present in the Brexit vote.

The underlying social mood is one pointing to a political meltdown. If Trump wins, Democrats have rumored to be plotting some sort of nullification of the election result. It is also unacceptable to the establishment that Trump would win as he has threatened to tear down the status quo. If Clinton wins, all the corruption scandals will be brought before the courts and her presidency will be mired by political, legal & criminal scandals.

The social environment is volatile and ripe for serious political disruption as people seek to express the powerful social mood that has been building for several years. We consider the election will serve as the catalyst for the start for a political meltdown lasting many years. Following in quick attendance will be the subsequent loss of economic confidence.

We still predict a spike to the upside following the election – being the last gasp of the stock markets. This will be followed in 2017 by a surge in inflation and a devastating shift in US interest rates.

All of this is characteristic of a major top that is forming in economic, social and political terms. It is akin to the rise and peak of an empire. We are witnessing a major turning point in history and a completion of a long term cycle of human endeavor. This is covered in our main article theme the End of the Long Game 2009 -2018.

Post Australian Election Commentary

In our Australian election forecast of 28/06/16 and 16/06/2016 we forecast the risk of a ‘hung parliament’ or an outright win to the ALP. This was based on the principle of ‘Contrary Opinion’.

It took two weeks to resolve the final outcome of the national election. It left a Liberal government in power but without a majority in the Senate. The result has continued the ongoing risk element in Australian politics. Should government fail to deliver or introduces any form of controversial legislation, we may expect blocking in the Senate. Not quite the ‘hung parliament’ suggested but a second best – with a kind of severe arm lock if government steps beyond its mandate.

The voters got what they wanted. Through the mysterious spontaneous ordering process, the electoral process has communicated the deep level of cynicism Australians have towards politicians. It also reflects that no politician really has any clear solution or way forward for society and economy. And so voters have ensured that politicians can’t get away with too much. Little has been said by politicians that offers any resonance with voters.

Economic, social  and political restructuring is needed to set Australia on course for its next phase. The electorate is exhausted by the constant personality bicker of politicians and their inability to tackle the big issues. Politicians have delivered a consistent message for over a decade that political self interest is more important than the people. Accordingly, many believe the economic and social decline experienced by Australians is set to continue.

Unfortunately, without a clear vision from government and a high risk of being blocked by the Senate, Australia remains in an entropic state with a continuing risk of stagnation. This trend may start to accelerate as capital outflows intensify over late 2016/2017 into US dollars. We anticipate inflation in the USA will climb rapidly over the next 1-2 years. Capital will be sucked from the EU and periphery including Australia. This will indeed be the last gasp of the ‘end of the long game.’

The Structure of Collapse: 2016-2019

Charles Hugh Smith writing on his blog Of Two Minds:

The end-state of unsustainable systems is collapse. Though collapse may appear to be sudden and chaotic, we can discern key structures that guide the processes of collapse.

Though the subject is complex enough to justify an entire shelf of books, these six dynamics are sufficient to illuminate the inevitable collapse of the status quo.

1. Doing more of what has failed spectacularly. The leaders of the status quo inevitably keep doing more of what worked in the past, even when it no longer works. Indeed, the failure only increases the leadership’s push to new extremes of what has failed spectacularly. At some point, this single-minded pursuit of failed policies speeds the system’s collapse.

2. Emergency measures become permanent policies. The status quo’s leaders expect the system to right itself once emergency measures stabilize a crisis. But broken systems cannot right themselves, and so the leadership is forced to make temporary emergency measures (such as lowering interest rates to zero) permanent policy. This increases the fragility of the system, as any attempt to end the emergency measures triggers a system-threatening crisis.

3. Diminishing returns on status quo solutions. Back when the economic tree was loaded with low-hanging fruit, solutions such as lowering interest rates had a large multiplier effect. But as the tree is stripped of fruit, the returns on these solutions diminish to zero.

4. Declining social mobility. As the economic pie shrinks, the privileged maintain or increase their share, and the slice left to the disenfranchised shrinks. As the privileged take care of their own class, there are fewer slots open for talented outsiders. The status quo is slowly starved of talent and the ranks of those opposed to the status quo swell with those denied access to the top rungs of the social mobility ladder.

5. The social order loses cohesion and shared purpose as the social-economic classes pull apart. The top of the wealth/power pyramid no longer serves in the armed forces, and withdraws from contact with the lower classes. Lacking a unifying social purpose, each class pursues its self-interests to the detriment of the nation and society as a whole.

6. Strapped for cash as tax revenues decline, the state borrows more money and devalues its currency as a means of maintaining the illusion that it can fulfill all its promises. As the purchasing power of the currency declines, people lose faith in the state’s currency. Once faith is lost, the value of the currency declines rapidly and the state’s insolvency is revealed.

Each of these dynamics is easily visible in the global status quo.

As an example of doing more of what has failed spectacularly, consider how financialization inevitably inflates speculative bubbles, which eventually crash with devastating consequences. But since the status quo is dependent on financialization for its income, the only possible response is to increase debt and speculation—the causes of the bubble and its collapse—to inflate another bubble. In other words, do more of what failed spectacularly.

This process of doing more of what failed spectacularly appears sustainable for a time, but this superficial success masks the underlying dynamic of diminishing returns: each reflation of the failed system requires greater commitments of capital and debt. Financialization is pushed to new unprecedented extremes, as nothing less will generate the desired bubble.

 Rising costs narrow the maneuvering room left to system managers. The central bank’s suppression of interest rates is an example. As the economy falters, central banks lower interest rates and increase the credit available to the financial system.

This stimulus works well in the first downturn, but less well in the second and not at all in the third, for the simple reason that interest rates have been dropped to zero and credit has been increased to near-infinite.

The last desperate push to do more of what failed spectacularly is for central banks to lower interest rates to below-zero: it costs depositors money to leave their cash in the bank. This last-ditch policy is now firmly entrenched in Europe, and many expect it to spread around the world as central banks have exhausted less extreme policies.

The status quo’s primary imperative is self-preservation, and this imperative drives the falsification of data to sell the public on the idea that prosperity is still rising and the elites are doing an excellent job of managing the economy.

Since real reform would threaten those at the top of the wealth/power pyramid, fake reforms and fake economic data become the order of the day.

Leaders face a no-win dilemma: any change of course will crash the system, but maintaining the current course will also crash the system.

Welcome to 2016-2019.

Source: http://www.oftwominds.com/blogjune16/collapse6-16.html

Why governments need to ‘self-disrupt’

Columnist Mohamed A. El-Erian writing for Bloomberg, republished in Marketwatch

Technical innovation is all around us, yet countries including the U.S. don’t know how to adapt to change.

Mohamed El-Erian: ‘Western political and economic structures are, in some ways, specifically designed to resist deep and rapid change, if only to prevent temporary and reversible fluctuations from having an undue influence on underlying systems.’

One of the most difficult challenges facing Western governments today is to enable and channel the transformative — and, for individuals and companies, self-empowering — forces of technological innovation.

They will not succeed unless they become more open to creative destruction, allowing not only tools and procedures, but also mindsets, to be revamped and upgraded. The longer it takes them to meet this challenge, the bigger the lost opportunities for current and future generations.

Self-empowering technological innovation is all around us, affecting a growing number of people, sectors, and activities worldwide. Through an ever-increasing number of platforms, it is now easier than ever for households and corporations to access and engage in an expanding range of activities — from urban transportation to accommodation, entertainment, and media. Even the regulation-reinforced, fortress-like walls that have traditionally surrounded finance and medicine are being eroded.

This historic transformation will continue to gain momentum as it expands in both scale and scope. But its benefits will not be fully realized unless governments take steps to empower the forces of change, ensure that the massive positive externalities are internalized, and minimize the negative impacts. Unfortunately, this is proving extremely difficult for many advanced-country governments, partly because the failure to recover fully from the recent crisis and recession has undermined their credibility and functioning.

The emergence of anti-establishment and non-traditional political parties and candidates on both sides of the Atlantic is complicating even the most basic elements of economic governance, such as enactment of an active budget in the United States. In this context, taking the steps needed to upgrade economic systems, including infrastructure in the U.S. and the incomplete union in Europe, or to meet historical challenges like the refugee crisis, seems all but impossible.

In fact, Western political and economic structures are, in some ways, specifically designed to resist deep and rapid change, if only to prevent temporary and reversible fluctuations from having an undue influence on underlying systems. This works well when politics and economies are operating in cyclical mode, as they usually have been in the West. But when major structural and secular challenges arise, as is the case today, the advanced countries’ institutional architecture acts as a major obstacle to effective action.

The political influence of financial donors and lobby groups add to the challenge. Rather than promoting actions aimed at improving the long-term well-being of the system as a whole, these actors tend to push micro objectives, some of which help the traditional, often wealthy elements of the establishment maintain their grip on the system. In doing so, they block the small and emerging players that are so vital to upgrading and transformation.

All of this serves to complicate an imperative that is relevant not just to governments, but also to companies and individuals that must adapt to changing circumstances by upgrading their structures, procedures, skills, and mindsets. Few are eager to self-disrupt, a process that takes us out of our comfort zone, forcing us to confront our long-standing blind spots and unconscious biases and adopt a new mindset. But those who wait until the disruptions are unavoidable — easy to do when governments do not mount a timely response — will miss out on the huge advantages that technology offers.

Even when governments decide to implement policies that enable economic upgrading and adaptation, they cannot do so in isolation. With technology enabling unprecedented mobility and connectivity, the jurisdictional power of nation-states is being eroded, meaning that a truly effective response — one that unleashes the full benefits of disruptive technologies — is impossible without multilateral cooperation and coordination.

But multilateralism is undergoing a transformation of its own, driven by doubts about the legitimacy of existing structures. With reforms of the traditionally Western-dominated institutions having stalled, there have been moves to create alternatives; China’s Asian Infrastructure Investment Bank, for example, competes directly with the World Bank and the Asian Development Bank in some areas. All of this makes global-level responses more difficult.

Against this background, a rapid and comprehensive transformation is clearly not feasible. (In fact, it may not even be desirable, given the possibility of collateral damage and unintended consequences.) The best option for Western governments is thus to pursue gradual change, propelled by a variety of adaptive instruments, which would reach a critical mass over time.

Such tools include well-designed public-private partnerships, especially when it comes to modernizing infrastructure; disruptive outside advisers — selected not for what they think, but for how they think — in the government decision-making process; mechanisms to strengthen inter-agency coordination so that it enhances, rather than retards, policy responsiveness; and broader cross-border private-sector linkages to enhance multilateral coordination.

How economies function is changing, as relative power shifts from established, centralized forces toward those that respond to the unprecedented empowerment of individuals. If governments are to overcome the challenges they face and maximize the benefits of this shift for their societies, they need to be a lot more open to self-disruption. Otherwise, the transformative forces will leave them and their citizens behind.

Mohamed A. El-Erian, chief economic adviser at Allianz and a member of its International Executive Committee, is chairman of U.S. President Barack Obama’s Global Development Council and the author, most recently, of “When Markets Collide.”

Source: http://www.marketwatch.com/story/why-governments-need-to-self-disrupt-so-theyre-not-left-behind-2015-10-13

An apocalyptic vision of Singapore

Roland Cheo writing for The Strait Times

Too hot for habitation, Singapore in 2065 houses its people in cooled caverns underground, who connect via virtual media, not face to face.

Imagine the year 2065, when you mention “Singapore,” you no longer refer to an island but a Corporation. Singapore Incorporated runs several suburbs in northern India and China, populated by a diaspora that had abandoned the island founded by Raffles.

With the rising sea level and temperatures bearing down at almost 40 deg C due to climate change, the island is now 202 sq km, whose reclaimed land has long been swallowed by the sea and is often buffeted by tsunami-like waves.

What was once a bustling city with towering skyscrapers now stands empty, as a testimony of a bygone era, while the majority of the mobile labour force have since abandoned the city and moved to satellite towns operated by Singapore Inc in the more temperate countries. Those who could not leave the island to better climes had retreated underground.

Only 30 per cent of the population of Singaporeans still live on the island, albeit underground. These are the ones without the resources to relocate to better suburbs of Singapore Inc in the more temperate countries.

Subsidised air-conditioned Housing Board flats dominate the landscape of quarried pits under central Singapore island, illuminated by industrial strength LED lights, leaving residents to view a perpetual night silhouette of the city.

Manufacturing and service industries in Singapore are kept to a bare minimum since the now-defunct Copenhagen Agreement, and then the new Melbourne Initiative, has cut global emissions by almost five times the levels that they were in 2010.

Not many residents of the island actually live topside, exposed to the natural elements. In fact, hardly anyone actually ventures above ground. The heat is unbearable and only a small pocket of residents, collectively known as Faith Spacers, are willing to live in areas around Seletar Reservoir, occupying what was once the Teachers’ Quarters in Seletar Airbase.

Besides the poor, of those who have chosen to remain on the island are the intelligentsia who reside in the research institutions, primarily at the National University of Singapore and Nanyang Technological University.

The other private institutions have moved away to other more landlocked locales. These institutions are no longer comprehensive universities but are instead part of a larger network of schools that have pooled resources across the world in order to conduct online courses. Since no one attends lectures any more, everything is experienced virtually in one’s own home.

Seventy per cent of the population live in satellite towns in India and China, where the climate is relatively comfortable. The Singapore Government wisely leased several large pockets of lands in relatively colder areas, away from the main cities in India and China in the 2030s.

These areas were relatively undeveloped at the time and the Chinese and Indian governments were more than happy to lease the areas to be developed by Singapore Inc.

By the time temperatures started to soar in the 2020s, many of these satellite towns had already developed the infrastructure that allowed Singaporeans and, later, foreign talent to live in a temperate and efficiently run suburb of Singapore Inc. Jurong Town Corporation developed the land while the Immigration Authority managed the inflows and outflows of migrants in order to maintain the growth rates of the cities.

The global repercussions of climate change have also been felt all over the world. The driver of the world economy is no longer the US, whose unbearable temperatures have seen many migrate over to Canada, leaving the balance of power to reside more and more in the hands of northern territories.

The northern part of China and Russia, as well as Nordic countries, now supply most of the world’s needed agricultural products while countries in the tropics, such as in South-east Asia as well as India and Africa, are the world’s suppliers of solar energy. These countries are tapped into a worldwide grid which sells its energy supply to a central depository, which in turn resells it to the rest of the world. Imagine that the United Nations is now headquartered in Iceland.

The knowledge economy has fizzled away like discarded old oyster sauce, fermented by its own infertile imagination clinging to the past: a focus on mobile devices or the push towards more computing power. In its wake came the virtual economy. In the early 2000s, Singapore had opened its doors to animation companies, especially companies working on 3D technologies with the goal of supplying the movie industry. However in the 2020s, with the rising temperatures also came the emergence of new strains of viruses in the vein of Ebola and Sars, which created widespread pandemics. Policymakers around the world closed their borders to travellers, concerned with the spread of these deadly diseases.

In fact, even within local populations, new laws were enacted to enable one to minimise contact with fellow human beings. Social laws were passed which made gatherings of more than 10 people in one room illegal. Soon the closed-door policy resulted in the movie industry collapsing. In today’s world one has to go through a complicated set of protocols in order to organise a gathering.

The authorities have the right to forcibly incarcerate anyone suspected of harbouring a deadly disease. Those suspected of being bioterrorists are cryogenically incarcerated before they are shipped to holding tanks on prison ships which are fully automatised and run remotely by human operators in Singapore Inc’s headquarters in Gansu, China. Singapore Inc runs some of the world’s largest ship prisons.

Technology companies then scrambled to meet a new demand: the demand for social interactions without needing face-to-face interaction. Temasek Holdings rushed into the forefront, relocating promising tech companies to the island of Singapore where they provided these companies state-of-the-art facilities in underground caverns, which were modelled after the New York skyline. Artificial lighting and green spaces using lichens and mosses were expertly interwoven into the very fabric of underground living. With full artistic licence given to these companies, Singapore then became the leading nation to export liveable realities.

This mass commercialisation of exported experiences resulted in Singapore coming to the forefront of the global demand for entertainment. Singapore levied a high corporate tax rate in particular on this industry, in exchange for maintaining the underground city and providing 24/7 services to the tech companies.

In spite of these social improvements, Faith Spacers choose to disregard the safety protocols. They have chosen to remain on the main island where they meet in groups beyond the stipulated 10.

They refuse all contact with wearable technology but instead actively seek outdoor activities in teams. They restore antiquated bicycles and use them to traverse the island, establishing new outposts called Faith Spaces, where they encourage face-to-face contact. They describe it as a religious experience: the personal connection with people, without the use of technology.

This counterculture is currently an annoyance to the safety of the majority of the populace; however, since they have chosen to bypass the general public, the authorities turned a blind eye, as they continue to remain a small minority.

• The writer is an associate professor at the Centre for Economic Research in Shandong University, China.

Source: http://www.straitstimes.com/opinion/an-apocalyptic-vision-of-singapore

The Great Sovereign Debt Crisis Coming Soon

Starting in Europe and reaching public consciousness when Japan implodes before engulfing the USA and remaining Liberal-Democratic nations.

The Great Sovereign Debt Crisis of the 21st Century is steadily gaining momentum. The forces of deflation have been steadily building since 2000 and the stage is set over the next 6-12 months where the reality of public plundering of the means of production comes home to roost. The weight of public and private debt, government regulation and leverage, fraudulent economics and fallacious political thinking that assumes that if you keep taking and spending other people’s money you will never ever run out!

Yet this is exactly what is happening. The politicians have borrowed to deliver on promises they were never going to be around to see delivered. They’ve debased the their currency and now we have reached the problem that there is so much debt in the world that the world does not have enough income to service that debt.

Historically its happened many times before of course and yet we never seem to learn. Empires grow and prosper, politicians make promises, governments and people borrow and everyone takes for granted the wealth that has been achieved until finally, it all collapses. History records the rise and fall of civilizations on exactly this premise. It’s always government and the self-seeking of leaders that cause civilizations to self-destruct.

While we observe the rise and fall of empires due to reasons of currency debasement or war, we can also observe that these are merely the mechanisms that cause the problems. Behind them lies the cyclic nature of humanity. Deep in the limbic system of the human brain reside deep impulses that play out at individual and aggregate levels.

We might look back at the Tulip Mania Bubble of the Dutch Golden Age (1634-1637) and wonder how people might have been so crazy as to invest in tulips. The Tulip Mania occurred on the back of a Europe-wide debasement of coins (1619-1622) used to finance war. Yet they did and future historians will look back at early 21st century share, commodity, real estate prices and wonder “how could they have been so blind?”TulipPricesDebasement of the currency has occurred this time by closing the link between gold and paper money and the massive printing of money that subsequently occurred. Each era brings the usual excuse “this time its different”. But the same debasing of money, the same political hubris, the same grasp for political power create the same drivers that cause the boom and the bust.

We watch at the moment the European debt drama playing out in Greece. Other nations sit on the edge of potential debt crises including Spain, Portugal, Italy, Puerto Rica and various cities of the US. This is just the beginning. Soon we shall see the debt crisis spreading to northern Europe, Japan, China and the US. Its about sovereign debt of course, the debt accumulated by generations of politicians spending other people’s money.SouthSeaIn Japan they experienced this in the early 1930’s when massive money printing operations inflated their economy. It resulted in the assassination of the Finance Minister and Prime Minister, the establishment of the military as the power brokers of Japanese politics and the beginnings of the build up for for WWII. That didn’t end well for the Japanese people.

Between 1740 and 1783, the French experienced it with the massive indebtedness of the monarchy, high taxes, high levels of regulation and cronyism led to the French Revolution, Napoleon and a final defeat in 1815.

Pax Romana followed a similar path where eventually the debasement of the currency and accumulated debt caused the empire to implode. To look at Pax Americana is to see an identical script unfolding. Massively unsustainable debt levels, vast militarization, endless monetary debasement, constitutional decay and subjugation of citizens by taxation, regulation and blatant spying signal, as it has in many previous civilizations, the demise of this short lived empire.

Using financial markets as a barometer we observe markets in major topping patterns, working out of main trends. The next 3-6 months will prove critical in determining if the Great Sovereign Debt Crisis has truly arrived or if there is still enough gas in the tank for one last sprint before the weight of debt, regulation and political hubris bring down the liberal – democratic nations of the world. dow-jones-100-year-historical-chart-2015-08-07Once again the cyclic nature of human egress and regress is playing out at individual and aggregate levels and from where we stand, major and minor cycles of human endeavor are changing direction. Crisis bring danger and opportunity for those so prepared.

Middle East Turning Net Borrowers?

By Martin Armstrong of Armstrong Economics:

SovTimeBomb

Further evidence that 2015.75 is really the peak in a Massive Debt Bubble: The Middle East has always been on a cash basis as their revenues from oil exempted them from ever borrowing money – that is not the case today.

As oil prices rose, spending programs also anticipated no end in sight. So as oil peaked and has begun a technology-shift bear market, those spending programs are causing budget deficits to appear in the Middle East for the first time. Not only has Saudi Arabia issued its first bond issue of $4 billion to cover budget deficits, other countries may follow in the region.

The May turning point has indeed been a profound turn on the long-term setting the stage for the reversal in the short-term come 2015.75. If you can comprehend how everything is connected, you can see these events coming. Since May, Saudi Arabia’s foreign assets have entered crash mode. In May, foreign asset holdings fell over $672 billion. Saudi Arabia sold assets drawing down its reserves to cover the budget deficit.

Source: http://www.armstrongeconomics.com/archives/34916

The Rise of Medical Tourism

Rise of Medical TourismComparative advantages between countries creates opportunities for sick people needing treatment. In many government run health care systems it can be cheaper to travel to another country and be treated there. You jump the waiting queue and the costs are much more affordable where you are required to pay some or all of the cost.

Traveling from the USA to Mexico for treatments such as dental care and other small procedures is well known. Thailand is well known as a Medical Tourist destination with excellent facilities and extremely cost effective. Singapore is well known as a destination for advanced procedures for wealthy Indonesians and Africans.

As more government run healthcare systems become bogged down by regulation, burgeoning costs, under-resourcing and underfunding, even governments will see Medical Tourism as a partial solution to their problems. A health insurance provider will examine the local cost to perform say, a hip replacement or heart bypass surgery) and offer their insured the choice – stay and wait for the surgery or take you and your partner on an all expenses holiday (airfares, hotel, hospital & surgery and recovery time) to Thailand, Mexico or India.

For government they relieve political pressure as it gets the waiting lists reduced, saves money and frees up the healthcare system. It introduces competition for medical services that helps to put a brake on healthcare costs, especially for doctors fees. For consumers, you get immediate attention to your health issue, a holiday (with or without your partner) and reduce your out of pocket expenses.

All that’s needed now is for doctors, politicians and bureaucrats is to let go of their hubris and ensure the requisite healthcare standards are in place so people can become medical tourists. Easy!

Yanis Reveals EU Denial of Any Right of the People to Vote

Varoufakis Yanis

Greece’s Finance Minister Yanis Varoufakis has come out to reveal the quite shocking and anti-democratic events that took place during the last Eurogroup meeting. First, they do hate Yanis’ guts, for he understands far more about the economy than anyone in Brussels. At their demand, any further discussions will be without him. What led to the EU breaking off was exactly what we reported previously — they do not want any member state to EVER allow the people to vote on the euro. Brussels has become a DICTATORSHIP and is so arrogant without any just cause, believing that they know better than the people.

We are watching the total collapse of Democracy and the birth of a new era — Economic Totalitarianism from arrogant people who are totally clueless beyond their own greed for power and money.

Source: http://www.armstrongeconomics.com/archives/34115

Editor Note: Greece is the end of the beginning for the EZ and the beginning of a long period of political, social and economic instability that co-incides with the topping phase of the upward phase of the Industrial Revolution cycle that began in 1783-85.

And More Innovation

Portland is now powered by water pipes and flushing toilets

lucid energy, lucid, portland, water pipes, water, power, green power, green energy, hydro power

Portland residents can now generate green electricity simply by turning on their water taps and flushing their toilets. Fast Company reports that the Oregon city is using a state-of-the art system to capture energy from water flowing through the city’s pipelines. Small turbines installed inside the pipelines are turned by the flowing water, sending energy into a generator and off into the power grid.

lucid energy, lucid, portland, water pipes, water, power, green power, green energy, hydro power

“It’s pretty rare to find a new source of energy where there’s no environmental impact,” Gregg Semler told Fast Company. Semler is the chief executive officer of Lucid Energy, the Portland start-up behind the new system. “But this is inside a pipe, so no fish or endangered species are impacted. That’s what’s exciting.”

According to Semler, water utilities tend to use large amounts of electricity, so the new power generation system can help cut the cost of providing drinking water to cities. Utilities can decide whether to use the power for their own purposes, or sell the energy as a source of revenue.

“We have a project in Riverside, California, where they’re using it to power streetlights at night,” Semler notes. “During the day, when electricity prices are high, they can use it to offset some of their operating costs.”

As for Portland, one of its main water pipelines uses Lucid’s system to generate power, and though the system can’t make enough power for the whole city, the pipes can produce enough to run an individual building like a school or a library.

Unlike other forms of green power, like solar or wind, the Lucid system can produce power at any time of the day because the water is always flowing. The only hitch is that the turbines can only produce power where water is naturally flowing downward with gravity. Lucid’s pipes contain sensors that can monitor the quality of the water flowing through the pipes, making them more than just a power generating technology, which can be valuable just about anywhere.

Source: http://inhabitat.com/portlands-water-pipes-are-the-newest-source-of-clean-energy/

U.S. Continuous Average Temperature Index – Discontinued

US Weather Cooling

The National U.S. Historical Climatology Network (USHCN) monthly temperature updates have been discontinued. The official CONUS temperature record is now based upon nClimDiv. USHCN data for January 1895 to August 2014 will remain available for historical comparison. However, one must wonder if the data, which was demonstrating a cooling period rather than global warming, was conflicting with political agendas to raise taxes based upon false information.

Editor’s Note: Never let facts stand in the way of a government in trouble when it comes to raising tax revenue. Will be interesting to see if the new data series taking over reflects the pro-climate change global warming argument. If it goes true to form the new nClimDiv data set will be revised at some stage in the next year or two.

Source: http://armstrongeconomics.com/archives/33511

Brussels to Take Over Tax Collection in Europe – End of Democracy

Germany and France have called for the establishment of a central EU authority for the eurozone to raise taxes independently. This plan is part of a package of proposals for far-reaching integration of the single currency zone: the federalization of Europe. Currently, only national governments may levy taxes. This is part of the step to save Europe and then consolidate the debts. This will become a war against the people, shaking them down to save a failed system design from the outset. This is a significant change and the final straw in the Death of Democracy. If such a power is handed to Brussels, they see it as their way to shakedown the Greeks, and the Greeks will see this as their government betraying their own people.

Transferring the power to tax the people to Brussels is significant, for those on the appointed (not elected) commission are not required to follow any vote in the European Parliament. This will remove all representation for taxation of the people’s rights. This is the ultimate power play – taxation without representation. Welcome the coming age of Economic Totalitarianism.

Source: http://armstrongeconomics.com/archives/31353

The Coming Cashless Society

Electronic-EuroYou are now watching newspapers, TV shows, and other forms of media preparing for the coming cashless society. This is a marketing campaign, and may indeed be what October 1, 2015 is all about – 2015.75. I doubt that the USA will be able to move to a cashless society as easily as Europe. The dollar is used around the world and cancelling that outstanding money supply would bring tremendous international unrest. Additionally, the USA is not in crisis financially, as is the case in Europe.

Europe, on the other hand, has an entirely different problem. The failure to have consolidated the debts of member states meant that the reserves of the banks were constituted from a politically correct mixture of debt. Instead of fixing the problem, politicians who are lawyers always move one-step forward with laws. To them the logical solution is to eliminate cash to protect banks from a panic run that would collapse Europe and take Brussels with it.

This is now a deliberate marketing campaign. I know how these things work and pay attention. They are selling this idea everywhere and that is the preparation for the inevitable action. With the speed at which they are moving, it certainly appears they are gearing up for October 1 on our model. It is also interesting that some German press misquoted our date as October 17. I was not sure why they would do that, but perhaps that was intentional as well. This is very curious, for when they take that final step, it will most likely be sudden and overnight. They would announce it and give everyone some time frame to take their paper currency and deposit it into their bank accounts.

For European readers, swap to dollars for hoarding and you can open accounts in the U.S., which for now is a safety valve. While gold makes sense for local hoarding, it may have lost its movability.

Source: http://armstrongeconomics.com/archives/31028

Japan Shocked To Find Abenomics Is Destroying Its Middle Class

Zerohedge reports:

In central planner “mission accomplished” news, the wealth divide in Japan is growing under Abenomics and middle class citizens are at risk of falling into poverty, The Japan Times says. Despite nightly sound bites from Kuroda, Aso, and Abe himself designed to assuage fears that the country’s gargantuan monetary experiment may yet fail to pull Japan out the deflationary doldrums, some people are getting impatient as the number of households on welfare continues to rise as does the number of nonregular workers. This comes on the heels of the rather amusing news that the country’s Labor Ministry had fabricated a year’s worth of data on wage growth (it turns out there was none) and after countless warnings from us that the PM’s policies would end in spactacularly bad fashion (see here, here, and here for instance). Here’s more:

According to Akio Doteuchi, a senior researcher at the NLI Research Institute, what is threatening people here is that, under the current social structure, virtually anyone in the middle class is at risk of falling into poverty.

“It’s like walking in a mine field. Many risks lie ahead of you,” Doteuchi said. “Even if you are in the middle class, if something unexpected happens, you could slip into poverty.”

Such risks could include contracting diseases such as cancer and being unable to work, the failure to land a job soon after graduation, or an ill parent who needs looking after.

The big problem in Japan is that there are few social safety nets for such situations. In the past, workers had been shielded by the guarantee of lifetime employment at companies. When they retired, they were supported by family members, Doteuchi noted.

But now, there is an increasing number of nonregular workers, particularly younger ones, whose financial situations are unstable. More and more single-person households are vulnerable to serious health problems.

Data back this up. According to labor ministry figures announced April 1, the number of households living on welfare hit a record 1,618,817 in January. This figure has been on the rise for the last two decades.

The country’s relative poverty rate has also edged up over the last 30 years, especially with single mothers and fathers raising children, although the latest data are for 2012.

Meanwhile, the rich are getting richer (as they are prone to do anyway but especially so under monetary policy regimes explicitly designed to inflate financial assets).

On the other hand, data also show that the rich became even wealthier under Abe’s tenure.

Their numbers and the amount of their assets surged in 2013 and are still rising mostly due to sharp gains in stocks triggered by the Bank of Japan’s aggressive monetary easing, which started in April 2013, experts said.

According to the Nomura Research Institute, the number of wealthy households jumped 24.3 percent, with the amount of their total financial assets rising 28.2 percent in 2013, compared with 2011 figures…

Households on average are believed to have a majority of their assets either in bank accounts or in cash. But the wealthy hold risk assets such as real estate, stocks and bonds — assets more likely to grow in value faster than mere savings accounts, Miyamoto said.

Of course the real punchline when it comes to the Japanese QE experience is that the so-called “wealth effect” — which certainly makes the wealthy wealthier but exactly how far down the benefit ultimately trickles is up for debate  — is on steroids because not only is the central bank helping to push up the prices of the financial assets held by the rich, the BoJ actually won’t let them fall, as we recently discovered when it was revealed that the bank intervenes in morning trading when sentiment seems less than euphoric. In other words, they are more than “supportive”, they have openly rigged the system, and we don’t mean in a kind of “behind the scenes the market is rigged by HFT firms that never have losing trading days” type of way — we mean in a blatant “we’ll print money and buy every single ETF that trades if we have to in order to ensure that stocks don’t fall” type of way. But we guess the fact that this is increasing the disparity between the haves and the have-nots is just further evidence that, much like poor people in the US, Japan’s poor similarly don’t understand Janet Yellen’s extolling of the virtues of having assets.

Here’s The Japan Times again to sum things up:

“Abenomics has boasted economic strength, telling people that higher economic growth will shrink the gap between the haves and have-nots via the trickledown effect,” Doteuchi said. “But is that really true? I think not. Solving inequality is the way to improve the economy.”

Indeed.

As a reminder:

Source: http://www.zerohedge.com/news/2015-04-08/japan-shocked-find-abenomics-destroying-its-middle-class

The Rise of Modern Eugenics

By Peter Twigg
One of the most thrilling and terrifying prospects in the 21st century is the ascendency of medical technology combined with the political ideology of progressivism multiplied by consumer demand.

Yes to the ability to control and defeat many kinds of illnesses, to extend quality of life and life itself. New emerging medical technologies including genomic technologies will allow scientists to read organism genomes faster than ever before and also write more complex changes into those genomes, creating organisms with new capabilities. And no to the merger of state driven progressive policy mating with the new sciences. Consumers will demand gene engineering so that their children may be smarter, more athletic and more beautiful as well along with the vast healing potential genomic therapies offer the sick and the aging.

It’s been tried before of course. It was called ‘Eugenics’ and was practiced in America, Germany and Sweden in the 1930’s and 40’s. The practice of eugenics was first recorded at the time of Ancient Sparta when unfit and undesirable children were killed at birth. Selective breeding, military training and excellence allowed Sparta to become the dominant military power. A simple Wikipedia definition defines Eugenics from the Greek εὐγενής eugenes, meaning “well-born” from εὖ eu, “good, well” and γένος genos, “race”). It is the belief and practice of improving the genetic quality of the human population.

Sanctioned at government levels, it was the progressive attitude and justification used to promote mass sterilization, institutionalization, social segregation and infanticide. The term eugenics fell out of favour in light of the Nazi abuses. The fact is that it still plays a role in both science and government policy as it ever did. Only the names have changed.

Instead of “eugenics” and “racial hygiene,” the scientific community now promotes “social biology” and “sociobiology.” “Deficient” genes now replace the term “inferior” genes. “Family planning” now replaces “abortion” and “sterilization.” Eugenics was misapplied disastrously in the 1930s and 1940s. Eugenics programs were often race-based, as opposed to being simply based on “inferior genetics” across the board.

Juan Enriquez, a writer, investor, and managing director of Excel Venture Management speaking at Technology Review’s EmTech conference this year, says our newfound ability to write the code of life will profoundly change the world as we know it. Because we can engineer our environment and ourselves, humanity is moving beyond the constraints of Darwinian evolution. The result, he says, may be an entirely new species.

Enriquez proposes a new human species is one that begins to engineer the evolution of viruses, plants, animals, and itself. As we do that, Darwin’s rules get significantly bent, and sometimes even broken. By taking direct and deliberate control over our evolution, we are living in a world where we are modifying stuff according to our desires.

Considering the fact that Enriquez is in favour of the creation of a “new ethics,” this statement alone, if his philosophy gains any traction, is quite a concern. Although improved in terms of implementation and public perception, we have seen this system before and, unfortunately, what Juan Enriquez labels a “new ethics” is not very new at all.

In light of the increase in propaganda masquerading as science and being peddled by scientists, there is no doubt the world’s population is being prepped for a eugenics-based future. This time the system will be assisted by a much more sophisticated technological machine, and thus, a much more efficient system of eugenics. After years of non-stop television, media repetition, and “experts” who tout the benefits of merging man and machine, as well as the cost of inheriting “inferior” genes, there is little doubt that the world’s population will march into this future willingly.

What is clear is the new technology, as it emerges, will change virtually everything in society as we know it – economically, socially, morally and politically. In fact a new human species, able to engineer viruses, plants, animals and itself. A new world order indeed.

Just as it lacked an ethical and moral framework in the 30’s and 40’s, ethicists and scientists are a long way from being able to put such a framework into effect. And of course the scientists innovating this new technology will want to appoint themselves as the ‘Gene Kings’, the arbiter of the technology, prices and who should be able to receive this technology. Yet, the demands of consumers for new solutions to age old problems, the push of new technologies offering unrivaled solutions makes this a much coveted prize for humanity.

For governments it also means answers to many of the pressing social and economic issues created by burgeoning populations. Governments continue to sponsor and promote eugenics as a means of solving many of the world’s problems. Demographics, food production, healthcare provision can all be controlled from a eugenics standpoint.

Politics in the 20th and 21st centuries is a progressive affair. The illusion of left and right, capitalism, liberalism etc, has been eviscerated systematically over the last 100 years.

Progressivism is the ideology where democratic government intervention is presumed to produce a better result than a voluntary society. It is an ideology with no basis in fact or logic. Despite its growing impact on social and economic policy, progressivism is all about those in power enjoying the rewards of position and power.

Progressivism is a form of utopianism where government laws and social conditions are perfect and beyond realisation. One consequence of utopianism is ruthlessness. This explains the racial hygiene of Nazism and why many progressive politicians exhibit ruthlessness as they push to achieve a utopian state of affairs. What ‘higher ideal’ than to do away with disease and to create a ‘heaven on earth’. The utopian element of progressivism however lends itself towards totalitarianism – the total state backed by the ultimate moral sanction of solving all human problems through the power (read force) of the state.

Every generation will bring upgrades as genomic technology improves and the “problems” resolved, much like computers today receive software upgrades every month or so. The process of getting it right will necessarily bring about many failures but as explained in the fervor of consumer demand and the progressive government push towards a utopian ideal these will be mere unintended consequences and a price worth paying.

There will be political abuses in achieving the aims of the state. Racial profiling will determine who will be eligible for gene therapies and who will not. People will be licensed according to their genes whether they are eligible to breed or not. People with congenital defects will simply not be allowed to reproduce with all the social, economic, medical and legal pressure applied by government to enforce compliance.

Government may even hold up a utopian ideal of a ‘one human race’ where all differences are bred out, thus offering the prospect of eliminating racial bigotry and the cause of so much human suffering through history. At the same time a one human race species destroys human bio-diversity and the ability of the human species to adapt and survive in the face of new challenges. Ooops! Even if humanity survived such challenges, Darwinism would also be finished and control would now reside with the hubristic politicians and scientists who mastermind the great human genome re-engineering.

You can be sure that, gene therapies will create a new genre of super corporations with their attendant level of political and economic influence arising from the control of such technology. These elite corporations along with political leaders will be able to affect greater government intervention and control to execute their progressive utopian ideal.

In an extreme social scenario of totalitarianism taken to extremes the potential to develop human sub classes – drones (slaves), elites, and soldier classes become some ‘Hunger Games’ style existence.

So we can conclude by saying the technology will happen and its impact on humanity and societies will be vast and in-calculable. As part of the process, despite the best attempts to get a moral and ethical framework that is sturdy enough to curb the level of abuse, the fact remains, there will be abuse by governments and consumers. Fortunes will be made. The rewards will prove to be equally amazing as many diseases will be eliminated, life extended and human potential enhanced.

The unintended consequences of the technology will also be vast in its consequences and reach into every facet of human endeavor. But consumers will demand modern eugenics, governments will mandate and exercise force in achieving it and humanity will plunge forward headlong into incredible change and growth. The way we view the world, people and our destiny is getting ready to change.

Sources:
Web article: Google: 20141025: nazi eugenics: The Horrifying American Roots of Nazi Eugenics http://historynewsnetwork.org/article/1796
Web article: Google: 20141025: eugenics: http://www.technologyreview.com/news/425804/emtech-get-ready-for-a-new-human-species/

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Hope for Humankind

Eugenics – the Emissaries of Death to Engineer Your Future

Eugenics – the Emissaries of Death to Engineer Your Future

By Sergey Baranov Guest Writer for Wake Up World

There is no putting the genie back into the bottle!

‘’Genetically engineering ‘ethical’ babies is a moral obligation, says Oxford professor’’

‘’Genetically screening our offspring to make them better people is just ‘responsible parenting’, claims an eminent Oxford academic’’

‘’By screening in and screening out certain genes in the embryos, it should be possible to influence how a child turns out’’

“If we have the power to intervene in the nature of our offspring — rather than consigning them to the natural lottery — then we should.”

“Whether we like it or not, the future of humanity is in our hands now. Rather than fearing genetics, we should embrace it. We can do better than chance.”(1)

Well, apparently, to me as a father, responsible parenting means something completely different from what it obviously means to an Oxford professor.

I’m glad I’m not a part of an academic establishment and my life does not depend on government grants. Thus, being a free thinker, I would rather say that genetically modified babies would mean the end of humanity as we know it.

I’m sure you are familiar with the term ‘’Eugenics’’, but just in case you aren’t, here is a brief overview.

What is Eugenics?

Eugenics is the bio-social movement which advocates practices to improve the genetic heritage of human species. It’s aimed to produce a more ‘’desirable’’ people thus, allegedly, improving the human race.

It began with Sir Francis Galton, a pioneer of eugenics who gave it a name in 1883. During the first decade of the 20th century, eugenics grew into a social movement and became an academic discipline. Galton was inspired by the work of his cousin Charles Darwin and his theory of evolution. But even though Darwin’s theory of survival of the fittest had a natural way of selection, Galton took it a step further and proposed selection by force. That has resulted in eugenics policies and programs like compulsory sterilization, birth control, marriage restrictions, racial segregation and forced abortions gone wild.

When the eugenics mindset was adapted by Hitler, who was obsessed with the idea of racial superiority and the Aryan race while inspired by the eugenics philosophy, genocide followed. His obsession resulted in the loss of millions of innocent lives. Certain ethnic groups were declared inferior and thus not worthy of living. The holocaust was one of the expressions of this sick mentality also known as racism.

Considering the historical facts, it would be nearly impossible to believe in eugenicists’ altruism. If the hijackers of science would have humanity’s best interest at heart, they would use it to improve life on Earth for everyone, not only for themselves. They would use science to tackle diseases, famine and poverty rather than targeting those who are affected by such calamities.

Deeming people unworthy of living and seen as unfit is the true face of the eugenic elite to which we the people are simply ‘’useless eaters’’ who need a gene hygiene.

Quite recently we saw a worldwide protest against Monsanto, whose genetically modified organisms, which some people call ‘’food’’, are posing a serious threat to our health and environment. (2) It would be bad enough if we would only see GM corn or soy beans on our menu. (3) But things have progressed much further. Genetically modified fish is now threatening to disrupt and distort the whole ecosystem. (4)

As the information is breaking loose and people are becoming more conscious and aware of the danger of genetically modified organisms released into the environment and causing all kinds of health problems including tumors and organ failure as the recent studies suggest (5), the corporate heads came up with ‘’solution’’. When our organs will fail due to the consumption of Frankenfood, we will be able to replace them with new ones, grown for us in pigs! Pigs, they say, are almost our relatives! (6)

Here is what they say: ‘’Next to apes, pigs are pretty good matches for humans, physiologically speaking‘’.

Well, when I look at pigs, I don’t see anything in common with humans, not physiologically, not emotionally, not mentally and most definitely not spiritually. The only thing we share in common is a desire to live – one feature seen among all living beings on Earth, which is hardly noticed by science, much less by the proponents of eugenics.

So they’ve got us covered! Like the food and pharmaceutical industries. One is damaging our health, another is selling us drugs to repair the damage, or shall we say to suppress the symptoms? But I digress. The point being is that if we think that Frankenfood is the peak of the madness, we should think about Frankensteins coming from the labs! (7)

Among other things, Dwight Eisenhower, the 34th President of the United States has warned us that:

“The prospect of domination of the nation’s scholars by Federal employment, project allocations, and the power of money is ever present and is gravely to be regarded. Yet, in holding scientific research and discovery in respect, as we should, we must also be alert to the equal and opposite danger that public policy could itself become the captive of scientific technological elite.” ~ Dwight Eisenhower (8) 

Is it not what we are witnessing today?

How much bigger should be our outrage when we learn about scientific proposals to genetically modify our kids? And this modification is only a beginning. Human-animal hybrids are already on the way! (9)

Don’t we realize that monsters are coming and human rights would likely be claimed by these new life-forms? So far as a society we can’t even protect the rights of humans, let alone clones. It’s also important to remember that the State will be the legal parent of these creatures. Just think about the implications!

What will happen to the human race, when it begins marrying and mixing with lab made human-animal hybrids? Do we realize that this scientific nightmare will not end soon after we devour our popcorn while watching a sci-fi movie on the big screen?

How can we trust the scientists to mess with human DNA when only 3% of it is understood? The rest of it they have declared to be a ‘’DNA junk’’ – a label given to 97% of human DNA which function has not yet been identified.

Some scientists are saying that ‘’junk DNA has little specificity and conveys little or no selective advantage to the organism”.  However, there are others, who went even further by claiming that non-coding (junk) DNA was “selfish” and even detrimental since it was parasitic. In other words, that which hasn’t been understood by science is dismissed as invalid, declared as void and even deemed as harmful!

And these are the folks who are playing God?

In his article, oxford Professor Julian Savulescu, has made an attempt to separate himself from the eugenics movement by saying that people would have a choice:

‘’unlike the eugenics movements, which fell out of favour when it was adopted by the Nazis, the system would be voluntary and allow parents to choose the characteristics of their children.’’

But what choice do we have now that makes us think that more of it we’ll have in the future? Gorge Carlin has put it best…

George Carlin – The Illusion of Choice

George Carlin: The Illusion Of Choice

As we moving towards totalitarianism as a human society, it isn’t difficult to picture a future in which birth licenses would be issued and a mandatory embryo screening required, obligating the parents to do all necessary genetic modifications ‘’advised’’ by the medical doctors. There is already talk about whether the doctor should be able to override the parents:

‘’If the doctor feels that the parents’ decision is being made in unreasonable manner, he should be able to go to some other body with the authority to override the parents. I don’t think it should be just the doctor. A hospital ethics committee is better than a court, but a court is also a possibility’, proposes Peter Singer. (10)

So it well can be that like the one child policy in China, we soon will see a “no child policy unless genetically screened and modified”. In other words it would simply mean that no one would be allowed to have children unless approved by the government which will make it illegal to do it any other way. History is full of those examples.Among other states which implemented eugenics programs in the early 20th century, were North Carolina, which implemented it the longest, from 1929 to 1974 thousands of black and poor women were “persuaded” by the state and forced by other means to be sterilized. (11)

And as Mark Twain said: ‘’history rhymes’’ (meaning that history repeats itself), and we should be concerned about it.

In his speech the professor admits that ‘’by screening in and screening out certain genes in the embryos, it should be possible to influence how a child turns out. In the end, he said that “rational design” would help lead to a better, more intelligent and less violent society in the future.’’

But considering the fact that the ruling class is authoritarian and eugenics at heart, it’s highly unlikely that people will have any choice.

I wonder if I have to point out the likelihood of future generations being engineered as docile, obedient and apathetic at birth, guaranteeing that the status quo remains unchallenged. These clones would hardly have anything human other than human tissues. They would be artificial creatures devoid of humanness. I think the best way to understand this matter is to read Brave New World by Aldous Huxley or watch it here:

Brave New World (Full Version)

Brave New World(1980)-Full Length Movie.mp4

His brilliant work is the best testimony for what is coming if both mad scientists and the control freaks behind them are not stopped.

Bertrand Russell made a curious statement in ‘’The Impact of Science on Society’’ in 1951: “Diet, injections, and injunctions will combine, from a very early age, to produce the sort of character and the sort of beliefs that the authorities consider desirable, and any serious criticism of the powers that be will become psychologically impossible. Even if all are miserable, all will believe themselves happy, because the government will tell them that they are so.”

Do Russell’s words sound any different than those of the Oxford professor? The only difference I see is in the methods of achieving the same exact goal.

Why not to leave us alone and let us, parents, to decide for ourselves what’s ethical and what are our moral obligations?

Often we see how evil is done in the name of the good, like the wars in Libya, Syria and Iraq, all has been sold to us as being ‘’humanitarian’’ missions rescuing people by delivering them democracy packed in the ‘’peace’’ bombs which are then kindly dropped on their heads for the sake of their freedom. It seems to me that same exactly pattern is re-appearing here — breeding us out of existence for our own good by using medical science for political gain.

After all, we are just a commodity. (12)

George Carlin on Freedom of Choice

George Carlin on Freedom of Choice

Source: http://wakeup-world.com/2014/10/19/eugenics-the-emissaries-of-death-to-engineer-your-future/

 

Era of Transparency & Accountability Beginning for Politicians

An era of transparency & accountability is beginning for politicians.

Very shortly the U.S. Congress will shortly vote to make Economic Impact Assessments (EIAs) a mandatory part of every executive rule or regulation passed with an annual economic impact of $100 million or more (REINS Act SR226 & HR 47).

Elsewhere the rise of right wing politics in the EU and UK is forcing scrutiny on politicians and bringing them to account. In many democracies it may become mandatory to attach economic impact assessment statements to each piece of legislation  If this trend reaches an extreme we will see calls to have politicians and government unable to raise any debt. given their track record however, maybe this is not such a bad thing.

The Australian state of Queensland election is also forcing the incumbent Premier Newman to adopt transparency and accountability principles. We anticipate transparency and accountability will become the new fashion for liberal democratic governments over the next 3-5 years.

The ‘political hubris bubble’ is finally beginning to burst. Social mood is swinging into action and voters are acting on their long held distrust of politicians. Firstly they exercised their democratic privilege to put several governments into ‘hung parliament’ balances (UK, USA Australia) and now they are beginning to hold them accountable. The days where politicians can promise, over-commit and overspend is coming to an end.