One of the basic tenets of this blog is to avoid any kind of political agenda since politics and religion are probably the two most divisive topics on the earth. Both have a great place in our society and a full and rich discussion and debate within either area can be very worthwhile.
But here they don't fit well because our purpose is to to offer the best quality information we can find with no agenda in mind. The goal here is to cover the big monetary system issues and how they can impact the lives of the average person. If we wander off that road into promoting a political agenda, its likely that many will just stop listening and disregard the information. That would be unfortunate.
With that disclaimer out of the way, in this blog post we will present an article by Nomi Prins that does talk about politicians, but does it in non partisan way that challenges us to think about who backs our favorite politician and how they can influence monetary policy decisions.
Also, we have two links related to Jim Rickards that show how if you produce quality, thought provoking information, both sides of the political spectrum will at least listen to you. (even if they may disagree with you on several points)
First, here is the NY Daily News article by Nomi Prins. Please read the full article.
Nomi is pointing out that the biggest six banks in the US have an over sized level of power and influence in the system. Most readers here probably know this, but she provides specific examples in this well written article that show how they use that influence to shape public policy. These public policies include monetary system policy decisions that impact all of us. With the 2016 election coming soon, its a timely reminder of what to watch for in coming months in the political arena.
Here are a few quotes:
"The entry of progressive contender Bernie Sanders into the Democratic presidential race gives us a fresh opportunity to see the truth about two leading contenders — one Democrat, one Republican:
Both Jeb Bush and Hillary Clinton, who are establishment-money choices to win the nomination in their respective parties, have been exceedingly cozy with the big banks over the course of their long careers.
The close relationships are rooted in family histories and social circles — and inform the policy choices the two have made and are likely to make going forward." Click here to read the rest of the article
Next we have a couple of links related to Jim Rickards:
The first is a video of a TV interview he did recently while in Dallas with Glenn Beck who most would view as on the right end of the political spectrum. Here is a video of the followup radio interview. Jim gives his thoughts on what he sees coming in future years.
At the other end of the political spectrum we have the Daily Kos doing a review of Rickards new book "The Big Drop". It covers a lot of the same information discussed with Glenn Beck, but in more detail. Most would view the Daily Kos as coming from the left end of the political spectrum.
On this twitter page Jim Rickards notes the irony of how both right and left can agree (at least to listen) at times. I think we are at our best when we listen to each other in the marketplace of ideas and discuss issues based on quality information.
The Nomi Prins article and Jim Rickards ideas on a complex system raised an interesting question in my mind. That question is: Can the 1% (Financial elites) Overpower a Complex System?
I think that is great question to explore because I see at least two very different major world views out there on this question as I do research for this blog. One view is that the 1% has so much power and influence they are able to manipulate real world outcomes to increase their power, even in a complex system. The other view is that the system is too big and complex for any group (no matter how powerful) to manipulate over time. I'll explore the question tomorrow in a new blog article. Below is the video of the followup radio interview taped in Dallas.