Apr 30 • 16M

Market Sentiments: Part Two


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Critiquing the Conceits of Exceptionalism - East & West
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Egyptian Trades -Exchange is “Timeless”

The subject of part One of this series - Adam Smith and the “hidden hand” of market forces – was investigated with an eye to placing that writer and his milieu in a continuum of purposeful social transformation which has hitherto gone unrecognized. The forces behind that social project have remained much harder to identify than their various front men and apologists. Nevertheless, with some careful attention to the clues provided by previous researchers, and careful glance at the denouement of its final stages in the present moment, it will be possible to shine some light on patterns of history which have remained hitherto obscured from view. The purpose of doing so is twofold – to show that this project is neither new in its inception nor unchallengeable in its effort to gain final victory over humankind's legacy of freedom. 

The confluence of various strands of this occult current's skein of myths occurred during the development of the northern European nations into imperial powers. Its pillar of science grew out of the taproot of magic & alchemy, while its pillar of economics was cast from the transformation of social forms of wealth into private forms of ‘capital.' Common lands were alienated and turned over to private owners, abstract financial devices were imposed via the newly arisen institution of banking, to stream the fruits of enterprise into the coffers of a class of non-productive rentiers. They in turn would use some of those funds to hire the pens needed to change their public image to that of beneficent creators of public wealth. As the passage quoted from Lauderdale’s work in part one reveals, the imprecision with which Smith and his followers have treated the nature of “wealth,” and the purposeful conflation of its meaning with the term ‘capital’ have aided this sleight of hand immeasurably. Likewise, by inventing a doctrine of ‘market forces’ which hides the absolute hatred of monopoly finance for truly ‘free’ markets under a smokescreen of rhetoric, the apologists of the economist caste have been able to dupe many into believing in the myth of capital/capitalism. In Part Two we trace this campaign of deceit through its evolving stages.. 

Although real scientific inquiry would continue to develop in the occidental world – via the study of chemistry, biology, geology and the like, its exponents were increasingly sequestered into service to this social programming… along with the writers, artists and a panoply of other useful dupes to be turned into cultural termites. Thus began the C19th… with an array of technological achievements turned to military and financial use, by which the new owners of capital could better achieve their dominance over governments and societies both. At the same time as the spoils from the employment of these devices against Asian peoples flooded back west, advances in agricultural productivity, and improvements in travel and communications further enriched the northern nations, making it easy to believe that the myth of progress was real – people living longer and better lives was part of the advertising by which market capitalism pushed its program forward – always some veneer of truth is needed to burnish a fable. 

One of the chief means by which this magic show proceeded was to present ‘capitalism’ as a system that encourages, & is conducive to, the free trade of products and services. Exchange, in other words, amongst peoples able to exercise freedom of choice in what they consume and produce. The myth then posits those same people to be participants in the price discovery of those items of exchange. All of which flies in the face of the real world, where opinions and desires are manipulated to make ‘reality’ – economic and otherwise - conform to the advantage of those with the money and motive to do so. Nearly a century of artificially created and maintained conflict between lame duck “socialist” and mythologized “capitalist” spheres has created an almost unalterable impression of the virtues of the latter system as it is employed in the western world. That socialist forms of government would prove unworkable was a given from the outset. Only by means of contrast with their obvious failings has it been possible to create the image of the western systems virtues, and the corresponding mythology of a so-called ‘free market capitalism’ being based upon free enterprise rather than monopoly finance. 


Even to read the common description of the term –capitalism – is to see how lacking in precise meaning and clear distinction the term is: 

“Capitalism is an economic system and a mode of production in which trade, industries, and the means of production are largely or entirely privately owned…Central characteristics of capitalism include private property, capital accumulation, wage labour and, in some situations, fully competitive markets… In a capitalist economy, the parties to a transaction typically determine the prices at which assets, goods, and services are exchanged. 

The degree of competition, role of intervention and regulation, and scope of state ownership varies across different models of capitalism… These include laissez-faire or free market capitalism, welfare capitalism, crony capitalism, corporatism, "third way" social democracy and state capitalism. Each model has employed varying degrees of dependency on free markets, public ownership, obstacles to free competition, and inclusion of state sanctioned social policies.” From Wikipedia 

By incorporating such degrees of vagueness and latitudes of inclusion, the system call capitalism can encompass just about anything… the amorphous character of a system which can vary from state-controlled to non-public intervention is clear. If private ownership and private property are to be taken as lodestones of its basic nature, these qualities are similarly to be found in many times and contexts completely outside of the gamut of capitalism’s record and timeline, including those where capitalism’s core values are anathema. Likewise, the concept of markets is common to many and various human created socio-economic systems which have little to do with ‘capitalism’ as we understand the term. Like a gigantic and menacing cloud this term has simply landed upon and covered all of the territory we would otherwise be free to gaze upon and work with… such that what should be simple and clear has become fogged up with circular reasoning, suspect theorizing, and a complicit storyline which serves only to delude the many into cooperating in their own defrauding by the few. 

In the same manner that this definition is full of details extraneous to a precise description of any unique qualities of ‘capitalism’, it pays no whatsoever attention to the role of interest… the one primary tenet of that system which best defines its character. This is a prime example of the way in which the ‘fakelore’ of capital has been inserted into the narrative of our history to produce a completely inverted view of how capitalism actually works, and to whose benefit. The central premise of what we call capitalism, contrary to the smoke and mirrors of Wikipedia like excursions, is that owners of capital not employed in any productive capacity are the rightful beneficiaries of returns upon that capital. This return upon idle capital is ‘interest’… or, disguised in modern economic parlance – liquidity premium. So enshrined in our understanding of how socio-economic systems function is this concept that it clearly goes without mention in a discussion of capitalism! If and when that concept is challenged, it is by those who –like Marx – work from the same general framework as the apologist for capitalism… in assuming equitable exchange between money and commodities.

In such a way, the effect of money capital upon any system of exchange is conveniently left unspoken. One is free to quibble over the right of owners of capital to the ‘surplus value’ of labor, but the essential stage trick by which the system divests capital from producers into the hands of non-producers remains hidden from view. As we will see below, some observers had the wit to assemble cogent arguments that pierced this veil to lay bear the truth about these inner workings. But as we shall also see, their work was suppressed and ignored… leaving it to a more conventional economic analyst to outline: 

“Put shortly, the orthodox theory maintains that the forces which determine the common value of the marginal efficiency of various assets are independent of money, which has, so to speak, no autonomous influence, and that prices move until the marginal efficiency of money, i.e. the rate of interest, falls into line with the common value of the marginal efficiency of the other assets as determined by other forces. My theory, on the other hand, maintains that this is a special case and that over a wide range of possible cases almost the opposite is true, namely, that the marginal efficiency of money is determined by forces partly appropriate to itself, and that prices move until the marginal efficiency of the other assets falls into line with the rate of interest.” (Keynes, 1937) 

In other words, the diversion of capital from fully efficient economic circulation via interest eliminates the supposed ‘equilibrium’ which market forces theoretically reach by nature of the completion of exchange. Though Keynes observation of the inversion of relationship between interest and prices was accepted by the economic community at large, it was either misunderstood, or its implications ignored. We will discuss in more detail the effects of this process of ‘inversion’ of fact later on. Suffice it to say for now, the definition of capitalism we have reviewed here demonstrates the way that ‘private enterprise,’ ‘free markets,’ and entrepreneurial action have all been subsumed to the support of a mythology which negates and/or defrauds each of those values systematically!

Thus we reached, by the final decades of the C20th, the pinnacle of that system’s trajectory… whereby all corporate risk and losses are socialized, and all profit and guaranteed return are privatized by legislative decree. Part Two will pay some attention to the process by which this goal was gradually achieved, and examine some of the characters who defined both the authentic opposition to that achievement, and those complicit via pretense and subterfuge. 


When the ‘industrial revolution’ - by which were manifesting these key technological improvements - was still in its infancy, the hidden powers of finance were working hard already to create the necessary ‘dialectical’ road map which young minds would be trained to follow. By financing separately the work of the two “Karls” – Marx in London and Ritter in Frankfurt – they mid-wifed the two prongs of their program into Golem-like being. A ‘communism’ of the ‘working classes’ versus the corporo-“fascism” of the managerial class which guarded the interests of the State - and its debt-holders. Via this divide of interests we were trained to interpret world events and historical trends… as a constant state of ‘war’ between the two. 

This division of persons into ‘classes’ of interest – overriding interests of nationality or ethnicity – was a natural follow up to the work of Adam Smith and Charles Darwin, in defining the human character by the narrowest of measures. 

“Wherein Smith ‘generalizes the laws of wealth, not from the phenomena of wealth, nor from statistical statements, but from the phenomena of selfishness; thus making a deductive application of one set of mental principles to the whole set of economical facts. He everywhere assumes that the great moving power of all men, all interests and all classes, in all ages and in all countries is selfishness… here (in the Wealth Of Nations) he makes men naturally selfish; formerly, he made them naturally sympathetic…indeed Adam Smith will hardly admit common humanity into his theory of motives.” 

To set up the composition of a society divided into competing ‘class interests’ – forever at war with each other – was the necessary prerequisite for giving ‘capitalism’ its ‘communist antithesis. Via the patent absurdity and theoretical weaknesses of this ‘weak sister’ opponent, a plethora of straw man arguments could be unleashed in order to defend the indefensible pretenses of monopolistic finance. Chief amongst those straw man arguments would be the supposition underlined in the above quote – that one must suppose the individual to be either naturally ‘selfish,’ or naturally ‘sympathetic. Entirely dismissing the possibility that our motives are a mixture of egoistic and altruistic driven impulses guided by the circumstances and necessities of our lives, this cardboard representation of our human complexity is typical of the way in which the ‘Fakelore’ of capitalism has been imposed upon the structure of history and economics.

Working from this phony prescription, both the apologists for, and pretended opponents of ‘capitalism’ would then hypostatize “markets” into the purely metaphysical condition of their respective choice – “God” in the case of the Smithian capitalist – “Devil” in that of his Marxist opposite number. As markets are of course the creation, and result of purely human action, the absurdity of both positions should be obvious – yet remarkably few have seen fit to challenge them. As this segment proceeds, we will look at the work of some of those few of keen vision – who dared announce to the world the Emperors lack of clothes! 

In 1847 Moses Mordecai Levy, aka, Karl Marx, was hired by the‘League of the Just’ to write 'The Communist Manifesto' Marx accurately described the purpose behind his polemics thusly: "If you can cut people off from their history, they can be easily persuaded." Therein lies the key to much of what follows to the present day. To great degree, the necessity for this master plan of ‘dialectical reasoning’ he was hired to create was due to the development of forces from within the European and America intelligentsia which not only questioned the Smithian interpretations of ‘capital’ ‘labor’ and ‘interest’ but in addition proposed workable alternatives to the system of authority which his work served as apologia and argument for.

As the century progressed, and these voices ferreted out with greater and greater success the weaknesses, contradictions, and lack of real life backing to this new ‘market capitalism,’ the need for a counter thrust grew ever more apparent to the masters of monopoly finance capital. Using the framework Smith had designed, Marx would marshall that counterattack … and leave the forces of finance thereby free to concentrate their efforts upon subsuming science to their program - turning its constructive potential to destructive ends. But before shifting the focus away from the economic elements of this conspiracy, let’s sum up the indictment against their creature – ‘capitalism’ – as it can be constituted from what we have seen so far. 

For their guiding paradigm to maintain its hypnotic power, it was necessary to hide the truth that the form of socio-economic control under which all the western world operates is antithetical to ‘free enterprise’ competitive forces, ‘market-driven’ demand and the meritocracy of entrepreneurial excellence and innovation. “Capitalism” in its operative form works always towards the cessation of competition, in favor of monopoly; capitalists as a class require profit unrestricted by either market-driven forces or ethical considerations, and the rent-seeking employment of monopoly capital is in fact a damper to real innovation and entrepreneurial instinct. The ‘capitalist’ seeks to free load on the merits of others by imposing a system which inhibits the formation of independent capital free to be applied to new projects by new players. Monopoly, unfair advantage, and uncompetitive manipulations are all the stock in trade of the capitalist personality. 

Far from encouraging new growth in the forest, the overshadowing branches of monopoly capitalism choke off the sunlight needed for that growth It is the myth capitalism as a ‘free enterprise’ system that has been interwoven with a fake resistance to its hegemony, to form a new meme in the ‘alternative’ media of our day - by which to mislead and misdirect honest seekers. The same manipulation of the public medias was put to work in the previous centuries, with the identical aim of deceiving the public into believing that they could channel their opposition to an obvious fraud into one or another framework appearing to be outside the control of the fraudsters, yet in truth operated with their connivance and funding.

The real purpose and method of the myth of capital was to invent a phony corollary between the real forces of production and exchange that is, the producer, the entrepreneur, and the trader - and those forces demanding of enforced right to riskless profit via interest. The interests of those two parties are inextricably opposed... yet through the fakelore mythologizing of a supposed opposition between producers and workers - not producers and the controllers of unearned capital - the imposition of an imagined solidarity between productive and non-productive social elements has been achieved! 


Those who saw through this game, and adroitly assembled arguments against it, were largely iconoclasts – persons self-taught, rather than schooled, gaining their economic insights through actual real life work experience… as farmers, shopkeepers, traders or journalists, where the real currents of economic life flowed. It’s been my fate to find myself a latter day inheritor of that tradition of independent, grassroots economic iconoclasm which has almost been snuffed out of existence in this new millennium. Everything I needed to learn about business, trading, competition, and survival I learned by doing business, not by studying it. During a career of several decades in one of the most basic of commodity-driven markets, I had the opportunity to see the interstices of the ‘capitalist’ system from close up… and form an opinion about it -and the persons who advocate most loudly for it - from the trenches. What I have noted above in indicting its lust for monopoly, hatred of competition, & need for unfair advantage are all qualities of the ‘capitalist’ mentality I discovered in the course of running businesses while trying to stay afloat amongst a sea of dirty dealings and competitors who would stoop to any calumny in order to try and eliminate their customer’s freedom of choice! 

I began that career with an innate respect for enterprise, self-reliance, and independence, and I ended it with those same values intact… but along the way I learned to shift through the fictions and lies of a systemic con to determine exactly what was real and what was fake. That’s how I survived… while watching almost all my contemporaries go down due to the manipulations of avaricious players who hated free markets to the same degree that they talked free market capitalism up! 

Silvio Gesell, in similar style, investigated the inner workings of the economic world of his day. At turns merchant, farmer, trader or itinerant printer, he watched the system not from afar, but from within, and grew to understand what worked, and what did not, relying upon his own experience instead of the theories of others. When he observed the enormous gap between those theories and the real world of trade, he could instinctively understand there was a reason that the theorists were allowed to continue plying their pathetically mistaken notions. The reason was that those notions served the interests of behind the scenes players who profited from the distortion of real free markets which such mistaken theories and their outgrowth as economic policies created. Taken in by neither the blatant self-serving polemics of the capitalist school, nor the superficial concern for the emancipation of the oppressed mouthed by their supposed opponents in the communistic camp, Gesell found within his own experience of business the tools by which to deconstruct all those phony arguments. With them, he demolished the myths of capital by which the debt/interest/usury system of monopoly finance disguised its depredations, and put forward simple and sane proposals by which free enterprise and trade could get out from under their grip. 

“Whereas Marx defined the concept of capital as ‘real capital’ (the means of production), Gesell was of the view that ‘real capital’ was not capital but money-capital or interest-bearing capital. . Second, while Marx assumed equitable exchange between money and commodities, Gesell believed this exchange to be unequal. Third, Marx viewed labour power as a commodity but Gesell defined it as a labour product.” 

Gesell was well aware, from the practical level of experience which Marx and the rest of the hired hacks lacked, that the effect of interest/debt/usury was spread throughout the entire structure of an economy – not simply in the direct application of debt charges. Because it was priced into every facet of the production and sales cycle, it built up into not just a charge against the livelihood of each and every citizen, but into a weakening of the overall circulatory system of the economy. Only by eliminating this diversion of resources into non-productive ends could markets find their natural equilibrium and production and exchange run at full steam. This, not Marx’s obsession with the ‘surplus value’ extracted from labor as ‘profit,’ was the key to ‘capitalism’s’ malignant effect – remove the blockage and money would flow to where it could be most productively employed… to produce more wealth… not more money! 

But just as Gesell had reached the point of being able to finally put his notions into real life practice – by becoming economic minister in the very short lived Bavaria Republic of 1919, his opportunity was snuffed out by the hurried arrival of (largely Russian) Communist forces which attacked and defeated the Bavarians who had chosen this new start based on an interest-free economic platform. 

We can ask who ultimately demanded this termination of an experiment which would have cut to the heart of that which had been ignored by western economic theory for too long, but at the end of the day, all that matters is that the interests of capitalist and communist forces are one… and they coalesce around the need to snuff out any challenge to their collective deceptions! [see Makhnovchina story for an example of how this coalition works in practice!] 


A perhaps even greater threat to the program of the monopolists of finance capital was posed by American Henry George, who during the last half of the C19th came closest of all to unseating them from their domination of the political and economic spheres of the western world. Having worked his way into the position of journal owner operator in the post gold rush boom of San Francisco, he used his platform to craft a coalition of small farmers, businessmen and other grassroots interests that became a huge countercurrent to the prevailing political winds which blew at the behest of New York/London based financial forces. His book Poverty and Progress, sold more copies than any other American author of that century, and his run for mayor of New York was only thwarted by the kind of last minute manipulations of the kind which that cities power brokers would become infamous for. 

A household name for the greater part of the last half of the C19th, George was able to pinpoint Adam Smith’s mistakes and distortions, breaking the theoretical shell game down piece by piece, and offering in counterdistinction to that cynical summation of human nature a far different view… 

“Call it religion, patriotism, or the love of God – give it what name you will; there is yet a force which overcomes and drives out selfishness; a force which is the electricity of the moral universe; a force beside which all others are weak…I call this force destiny toward human nature – a higher, nobler nature than we generally manifest…And this force of forces – that now goes to waste or assumes perverted forms – we may use for the strengthening, and building up, and ennobling of society, if we but will…”(Poverty&Progress, 463) 

George, without being a religious moralizer, saw the idleness of land as being key to socio-economic malaise…it brought about idleness of hands in its wake. Where ever legislation encouraged and rewarded unimproved land by policy, he would discourage it via taxation. 

Where the ‘moral philosopher’ Adam Smith had opened the doors wide to the utilitarianism of Bentham and those who found it beneficial to divorce the subject of morals from any connection to that of economics, George returned the two to their proper places – a fair and just system of trade would eliminate those social inequalities brought about by artificial favor shown to those with the means to purchase political henchmen, without injuring the interests or initiative of producers and entrepreneurs. His ‘single tax proposal’ would implement this. 

His approach was based upon a method which could place his practical experience of life and business at the disposal of his deductive reasoning – by means of concrete example and everyday wisdom demolishing the theoretical constructs of his opponents. Instead of taxing labor to provide the funds for services, government’s true function would be to tax those who held productive resources back from their use by the most able parties. This both astonished and enraged the secret collaborators of the idle rentier class – Marx and the socialists - who found the ground cut out neatly from under them by such remedies. 

“it is not necessary to confiscate land; it is only necessary to confiscate rent…the simple yet sovereign remedy, which…(will) afford free scope to human powers, lessen crime, elevate morals, and taste, and intelligence, purify government and carry civilization to yet nobler heights, is – to appropriate rent by taxation… (and) to abolish all taxation save that upon land values.”(P&P, 404-406) 

Mason Gaffney, in his THE NEOCLASSICAL STRATEGEM brilliantly demonstrates how the academics of the later C19th, early C20th formulated ‘neoclassic economics’ directly in response to George and the land tax movement. The professors who were employed by the great American universities – which were almost all created and funded by the railroad cartel – took to heart the task required of them, the refutation of the ideas espoused in George’s magnum opus Poverty and Progress… a book which sold more copies than that of any American writer of that century. His vision of taxing undeveloped land rather than labor or productive capital cut straight through the class divisions and sectoral politics by which the moneypower sought to exercise its control over governments and the economy of the day. By alienating the working people of the western world from their own culture, this shadowy power sought to force everyone into competing camps which could be controlled by its own agents. It took a tremendous mobilization of its resources to defeat the challenge which Georges manifesto represented. What’s most telling is that the neo-classical economists never directed their attacks towards the theories of Marx and the socialists – their heavy artillery was always reserved for those who opposed both communist and capitalist prescriptions! 

At the same time as George was developing his unique viewpoint, in Europe, the most implacable enemy of Marx and his followers, as seen through their own eyes, was Proudhon and his anarchistic vision of workers emancipation through production… not by withholding it, but by unleashing it, as a tool to defeat the rentier class! Where Marx and company were subsidized to produce the communistic propaganda widely disseminated and publicized by those same “bourgeois” elements which his work supposedly was aimed at, Proudhon labored in obscurity, ignored by those same forces which sought to make Marx a household name. This is more telling proof of who the real enemies of ‘capitalism’ were…and who were its real allies/underlings! As we have seen in the brief bio of Silvio Gesell, Marx refused to look at the real meaning and effect of ‘interest’ in the economy, an oversight convenient to the forces which would use his truncated understanding of that subject to good effect in advancing their own cause. Yet another iconoclast trained in the printers trade, Proudhon believed that mutual cooperation amongst workers could achieve the reorganization of society needed to achieve fairness and equilibrium, without need of violence, or the restriction of markets. His resistance to the statist conception of socialism as well as the capitalist conception of the state - as guardian of idle capital - made his program a uniquely dangerous one to the forces of monopoly finance capitalism. 

Far from being antagonistic to markets, Proudhon saw markets as society, in contradistinction to the communistic view of ‘community as society’ – or the Smithian view of competing self-interests as society… thus neatly stepping out of the trap which his opponents used to defuse objective sociological investigation. Like Gesell after him, Proudhon would refute Marx’s basic notion of labor as commodity – and instead of focusing upon the straw man of private ownership of the means of production as the cause of exploitation, turn the focus to the inequalities which stemmed from the circulation of money in capitalist economies; the scarcity and monopoly of the means of exchange was the basic problem in this analysis. The State was the device by which finance capital defended its prerogative of this artificial scarcity… therefore Proudhon’s method of rebalancing social transactions was to liquidate the State, rather than liquidate markets! 

Perhaps the earliest, and in some ways most perceptive of Smith’s critics was an almost totally forgotten scholar who, from the wilderness of Britain’s colony of Upper Canada authored a book THE SOCIOLOGICAL THEORY OF CAPITAL which eviscerated his fellow Scotsman’s errors and thoroughly debunked his methodology. John Rae was another unsung writer of the C19th who, though not unschooled like our others examples, was nevertheless an independent thinker and iconoclast of the first order. He published his book in 1834, long before others were investigating the myths which Smith had generated in support of monopoly capital, and was a great influence upon Ricardo, amongst other more famous economists who would use his pioneering insights to their own advantage. Of Smith and those who followed, Rae wrote… 

“His followers, by the use they make of definitions, appear to me rather to have introduced new evils, than to have applied a remedy to those already existing. Definitions give us the mastery of words, not of things, 1 and therefore by taking them as they have done, for principles of investigation, not auxiliaries to it, their labors have generally issued in adducing arguments instead of collecting and arranging facts, the former being the proper fruit of an attention to words, the latter of an inquiry into the nature of things.” 

He also argued that Smith had confused cause with effect, and the ways and means by which a nation may prosper with those of how an individual may do so. 

“The ends which individuals and nations pursue, are different. 

The object of the one is to acquire, of the other to create. The 

means which they employ, are also different ; industry and 

parsimony increase the capitals of individuals ; national wealth, 

understood in its largest and truest sense, as the wealth of all 

nations cannot be increased, but through the aid also of the 

inventive faculty. Though each member of a community may 

be desirous of the good of all, yet in gaining wealth, as he only 

seeks his own good, and as he may gain it by acquiring a por 

tion of the wealth already in existence, it follows not that he 

creates wealth. The community adds to its wealth by creating 

wealth, and if we understand by the legislator the power acting 

for the community, it seems not absurd or unreasonable that 

he should direct part of the energies of the community towards 

the furtherance of this power of invention, this necessary ele 

ment in the production of the wealth of nations.” 

Refuting the notion that public authorities had no legitimate role to play in the regulation and supervision of markets, Rae developed his thesis completely independently of other contemporaneous authors, and made a pioneering effort to place Smith’s dissimulations in the context of a failed storyline which history would cause to disappear in good time. One of the most important aims of Smith’s theorizing was to paint all forms of governmental control over economic matters as harmful to the workings of the ‘hidden hand’ of market capitalism. This deliberate effort to remove all checks and balances on the ability of finance capital to impose its will upon commerce and trade was seen through by Rae, who offered compelling rebuttals to the précis. Unfortunately in spite of his pithy summations and critical eye… perhaps even…. because of… his work was isolated and left to be forgotten, while that of his opponents, which served the monied interests, were inflated with an importance not warranted by merit of their arguments. After the publication of his first work in 1834, Rae was spuriously removed from his post as teacher at an academy where all involved spoke of his abilities with the highest praise, and thus cut off from income. He drifted south, to the California gold fields, then even further away from the centers of influence, to the Sandwich Islands and Hawaii. The mythology of market-driven capitalism would gain the predominance in world affairs which its masters required of it, whilst the competing ideas of its critics would languish in obscurity due to the collective efforts of those who danced to the moneypower’s tune. Since he predated Marx, and the rise of that powers Frankenstein of ‘communism,’ Rae must be left out of what follows here – the course of the C19th and the age which would follow would turn out far differently than what even the visionary could have imagined at the end of Regency England’s times.

But it is important to realize that it was due to challenges such as his that the necessity of creating that Frankenstein arose – the dialectical reasoning of thesis antithesis synthesis would be the front lines of the effort to forestall effective opposition to the myth of capital! 

All these above mentioned writers and movements who followed in the footstep of Adam Smith emphasized ‘labor’ as the prism through which value is discovered and assigned – but in a strange and intrinsically alienating way – one which posits mankind’s capacity to manifest it’s vision, talents, yearnings and aesthetic appreciation through work to be a mere tool for the achievement of the ‘growth of capital.’ Where Locke was content to extrapolate from the idea that a man owned his own labor the notion that he should too own the exchange value of that labor … his later day interpreters would extend, and then bend that wisdom by subtly changing a sanctification of the work ethic into a justification for the primacy of capitalist accumulation of resources and wealth as a moral good in itself.

A ‘labor theory of value’ with all its implicit contradictions, faulty reasoning, and spurious explanations was never satisfactory even to those who espoused it – as the course of classical economics has simply been a constant return to repairing decayed foundations of theory with new bricks and mortar – and has served only as explanation of, and justification for the imposition of a tyranny of so-called ‘market economy’ onto societies which could otherwise evolve systems of trade and finance which integrate socio-cultural values of equal importance to those of ‘wealth’ and material ‘improvements.’ 

Proudhon, Gesell, and to less overt extent, George all saw through this sleight of hand by which labor was inserted to disguise the consequences of debt/usury/interest upon business and society both. And where the concerted smoke and mirrors of the capitalist/communist camp covered over the primary importance of land, they keyed upon it as central to the means of rebalancing social equilibrium – by creating maximum efficiency and productivity in its usage, and maximum opportunity for those who could work it. Only in this sense was there a useful role to be played by the State – by socializing the land base, making it a resource held in trust to society at large, the entrepreneur is freed to bid for the use of that resource; and by socializing the money supply the capital needed to develop it would be freed from artificial scarcity. Then and only then could markets be expected to function in seamless balance – with the leak of capital into non-productive hands fixed, the efficiencies attributed to the force of markets by the theories of ‘market capitalism’ could at last come into play. Market economies without capitalism, competition and enterprise replacing monopoly and unearned interest, the nightmare of the Smithian/Marxist forces of finance come to life! Compare the convoluted definition of capitalism as quoted above to the simple declaration of Gesell – 

‘Capitalism – [a]n economic condition in which the demand for loan-money and real capital exceeds the supply and therefore gives rise to interest.’

and it’s easy to see why his challenge went right to the heart of the matter. Instead of the dialectical deceit of ‘capital’ versus labor, his triadic vision enabled the lens to be focused upon the real nature of economic relations – the money capitalist who owns and profits from the supply of finance capital – the entrepreneur who uses capital for the production of goods and services, and the worker who provides the ‘product’ of their labor in exchange for wages. The ‘class interests’ of the latter two elements had much in common – elimination of the first category took away all of the friction imposed upon their relations. As we know, none of these ideas were ever allowed[if we except the unique and limited application of socialized, depreciating money of Worgl – quickly suppressed]a practical demonstration in real life. Had they been, the racket of ‘capitalism’ would never have had a chance to succeed. 

By the opening decades of the C20th, with George’s & Gesell’s challenge defeated, and the retreat of anarchism before the massed forces of capitalism and communism in collusion, the time was ripe for the final victory of the monopoly finance program. The puppet President Wilson who was inserted under the close control of Mandell House would be witness to their Federal Reserve coup, and the coming into being of the mad vision House had advanced in his anonymously published “novel” "Philip Dru: Administrator – A Story of Tomorrow, 1920-1935" (New York, 1912) …a transition to a graduated income tax and a central bank. “"Colonel" House was in favour of forming a world government and adopting "socialism as dreamed by Karl Marx". To accomplish this he was willing to use political fraud. His hero Philip Dru seizes the government of the United States with the backing of a secret cartel of rich and powerful financiers.” (Juri Lina – Architects of Deception) 


At the same time that theorists of economic mien were being subsidized and encouraged to turn their dubious reasonings loose upon the world, those ‘men of science’ most equally amenable to turning their talents towards the merchandising of medicine were busy inventing dubious theories of their own. Through the same process of hindering, suppressing, and/or ignoring the work of researchers able to challenge this commercialization of scientific knowledge, while pushing that of more compliant men to the fore, the moneypower sought profit from and control discoveries in the laboratories of C19th Europe. 

As another front in the war against our species, these laboratories would be used to make false constructs and mistaken theories into steady sources of profit for monopoly finance… and steady sources of sickness and misery for those prey to their dubious results. Louis Pasteur’s career is a prime example of how this worked. His work to create a theory of ‘germs’ as the explanation for disease and the means of its control was experimentally weak… instead relying upon the force of persuasion provided by the same media organs and behind the scenes influences which were touting classical economics. Scientists like Enderlein & Bechamp were separately investigating the world of bacteria at the same time as Pasteur… but with more empirical methodologies and less presumed conclusions to rationalize. Where Bechamp was a professor and research scientist, Pasteur had no training or credentials in either medicine or physiology; he was a chemist… relying upon vivisection and inducing sickness into animals in order to produce results which could be commercialized into vaccines and medicines. He and Robert Koch raced each other to develop these products… a race in which proven results were less important than speculative ones. As a consequence, destructive and failed ‘cures’ were unleashed upon victims both human and animal, resulting in many needless deaths and false hopes. Papers not released until long after his death proved Pasteur to be both a fraud and a plagiarist [Geison - address to The American Association for the Advancement of Science in Boston in 1993.] Pasteur , before dying, admitted that his rivals had been right, and that it was not the germ that caused the disease, but rather the environment in which the germ was found: "Bernard acail raison; le terrain c'est tout, le germe c'est rien." 

But none of that mattered to those who were paying for the work of commercializing science and medicine, funding schools, labs, and experimental work via their tax exempt foundations. Andrew Carnegie and J.D. Rockefeller were pioneers in this new program of transferring profits made from the elimination of free competition in sectors of the economy like coal, railroads and steel, in order to ‘re-invest’ in fields of experimental science. Some of these researches were simply as crude as seeking ways in which waste products from their own manufactories could be turned into ‘medicines’ for further profit; others were more sophisticated and speculative in nature – the splitting of the atom, for instance, would grow out of the advancements of pure science into the quest for the ultimate weapons of mass destruction. 

There’s little need to detail those paths here – reviewing the work done by Jennifer Lake as referenced in Part One is all that is needed to grasp the timeline y and methods by which science was totally subsumed to evil ends. All that needs be mentioned here is that via these identical processes … of pushing the work done theoreticians of compliant character and suppressing the empirical discoveries of the independently-minded, monopoly finance capital and its media organs turned the occidental world away from any real possibility of true ‘progress’ … instead directing it towards the most destructive and self-defeating ends… ends which are manifesting now in the mass poisonings of phony vaccinations, climate control, GMO foods, and electro-magnetic pollution. Truly helpful cures, technologies and products have been hidden and replaced by that which can produce private profit at the cost of public welfare – a process which has only intensified in this new millennium… to the point where soon every truly helpful and /or healthful product may soon be outlawed … all done under the fictitious guise of supposed ‘market forces!’ 


What can be usefully added to the discussion without duplicating the work of others is to underline the degree to which the biological sciences have widened the parameters of who & what we are, at the same time as the sector of that field subsumed to the service of evil have been attempting to narrow them! As the authors of The Affect of Nanoterror point out – 

The theory of the gradual drift of evolution towards higher forms of complexity no longer makes sense in the face of engineering microbes that trade genetic material (viruses and plasmids) across lineages and time scales. 

Eukaryotic6 animals and plants - i.e. organisms characterized by membrane-bounded nuclei -- are not the main branches of the tree of life, but only a tip on a single branch on a tree composed of bacterial colonies living within larger organisms, which in turn occupy even larger organisms.” Luciana Parisi and Steve Goodman/Culture Machine, Vol 7 (2005) 

Since we are, as bodies, constituted for the most part by collections of these microbial colonies, in which cells of bacterial origin vastly outnumber cells which we might consider uniquely ‘our own,’ “endosymbiosis suggests that all eukaryotic cellular organizations are newly formed guests of ancient bacterial hosts. In this sense, eukaryotic organisations are envelopes of bacterial colonies parasiting within each other.” The full scale of the mistake of allowing the faulty reasonings of Pasteur and those sharing mechanistic views to dominate medicine in the C20th is only now coming into view – 

Manufactured to prevent the propagation of biofilms, the mass-scale dissemination of industrialized antibiotics has instead induced rapid changes in the microbes' environment. In response to the antibiotic proliferation in the atmosphere, bacteria have been evolving and adapting to new environmental pressures, acquiring the necessary genetic variability through the r-plasmids. It has been argued that in the last fifty years, a massive increment in the consumption of industrialized antibiotics has actually incremented the threat of microbial contagion through the formation of new variations of old epidemic diseases, which come back to haunt nucleic life.” 

Since in essence, we are our environment – fleeting thought forms floating in a sea of self-organizing microbial life – every effort to alienate/isolate ‘ourselves’ from our surroundings is an attempted suicide. Likewise, every effort to impose alienating concepts such as markets and the many convoluted attempts to describe their ‘laws’ is a work of self-defeating obstruction to what would otherwise take place in the absence of these artificial barriers to self-organizing cooperation and trade between individuals and communities. Communities which instinctively recognize the benefits of the exchange of that which they have in surplus for that which they lack! Rather than ‘obey laws,’ bacterial communities simply follow those opportunities for expansion, genetic transfer, or exchange of information which their quorum sensing abilities cause them to become aware of. As complex, large scale assemblages of these diverse microbial communities of interest, we also are disposed ‘by nature’ to seek these same opportunities, and to attack, defend, or coexist with others according to what information we glean from our surroundings. Artificial and unpractical constructs such as ‘communism,’ ‘capitalism’ and the like are similar in effect to using anti-biotics to attempt to cure disease… their imposition upon the body politic decays the natural capacity to circulate capital in a healthy manner, as emphasized by thinkers like Gesell… instead producing new contagions of disequilibrium and dysfunction of trade and commerce. 

The results of these disequilibriums do not rest in the economic sphere… they build in effect across the entire range of society as stages of disease…until the confusion between what is interior and exterior, what is alien and what is ‘us,’ what is a threat and what is safe reaches such a stage as that of the current “War on Of Terror: where fear of the outside/outsider aka… that which exists outside of the boundaries of ‘capitalism’… is endemic… and the previous ‘anti-biotics of exporting occidental culture, education, values, etc is ineffective at containing the spread of contagious ‘terrorism’ … foreign terrorists, domestic terrorists, all enemies of the unfettered flow of money capital. By inventing, or resurrecting diseases, viruses, new genetic lifeforms, artificial intelligences, even anticipating the extinction or replacement of humanity by something else, science performs the task capitalis requires of it – to create the conditions of fear and insecurity necessary to make populations not only willingly give up their basic rights… but to instill a self-destructing programming that can shock the citizen/victim into preplanned death… the harmonious conjunction of modern scientific techniques of mind control with the most archaic rites of superstition and magic – the arrival of VOODOO SCIENCE! As Parisi and Goodman explain… 

Physiologist Walter Cannon in his theory of fight and flight, posed the question of the body's homeostatic balance with the external environment. In his controversial article entitled 'Voodoo Death' published in the American Anthropologist in 1942, Cannon explored cases in which fear spirals out of control, generating damaging physiological effects. The examples he discussed revolved around the dark magic of tribal societies, but also the intense trauma suffered in the context of early 20th century warfare. Cannon was particularly fascinated by the prospect of offering a scientific explanation of deaths which occurred after the victim being subjected to a sorcerer's spell, or 'hex'; death from fear. Cannon sought to show that such instances, while ridiculed in the West, possessed a 'reality' explainable due to 'shocking emotional stress -- to obvious or repressed terror'” 


While overt torture is well known to create the disassociative states which controllers use to program operatives, there are levels of technique well below that stage of violence which are equally effective in mind-controlling victims. If this particular subject seems something dated to the cold war era & efforts of the superpowers to outdo each other in researches into secret weaponry, it is not! In fact, the first reported case of an individual claiming to be manipulated/molested by means of external devices controlling their thoughts happens to dovetail very nicely with the period immediately post-Adam Smith’s time, when so many of his ideas were being applied in the occidental political and economic spheres! The Regency period of England… circa the time of the Napoleonic Wars and the formation of classic Liberalism as a political model was exactly when monopoly finance capital was making its first big leap from merely influencing governments in the direction it desired, to actually owning governments outright. As such, it is a key part of our study. At the time, there were still men of considerable merit and backbone in the political world –their resistance to this takeover was considerable and required the development of new or refined techniques to defeat. 

Tea broker James Tilly Matthews was committed into Bedlam Hospital early in the C19TH, after complaining of being the victim of attacks of a psychological nature – instigated by machinery which he quite explicitly described – even made detailed diagrams of. [See:THE INFLUENCING MACHINE Mike Coyle 1996 MindNet Journal - Vol. 1, No. 90] The effects of these attacks was remarkably similar to those described by modern victims of such remote mind control technology as is known to be in the possession, and use of the Anglo-American security organs. As technology has advanced considerably beyond what was available to be employed at the beginnings of the C19th, we are left to guess what manner of control could be remotely exercised over others at that point in time… one very close to that of Messmer’s fascinating work with hypnotics. Going back to our theme of science and voodoo, the possibility of yet another conjunction arises …the induction of states of terror and fear – such as those claimed to be the capability of the witch doctor/voodoo priest of fokelore has been the explicit mandate of programs like the American DIA Psychological Warfare Division for over half a century. The Counter-intelligence and military background of so many of the controllers trained to implement the techniques taken over from Mengele and the Nazi pioneers of torture-based mind control research would indicate that a primary factor in the development of such methods was political in nature – seeking to control and influence politicians and political opponents both foreign and domestic. As one of the earliest and leading developers of ‘secret service’ branches of warfare, England is particularly well known for its eager adoption of the very latest technologies of this kind of methodology… going back to John Dee and the days of Elizabethan England. 

The period immediately following the end of the Napoleonic Wars saw in the creation of both the Second Bank of the United States with its twenty year charter, and the complete takeover of the Bank of England by the Rothschild’s aligned forces; forces that would dominate governments on both sides of the Atlantic in the decades to come and play a pivotal role in our story. The popular clamors for reform and representation which sought to lessen or eliminate the influence of the landed classes over national economies and legislatures coincided with the interests of the emerging financial class which was eager to usurp the position of the gentry. As in revolutionary France, behind the popular polemics operatives for a shadowy interest made the business of subversion their own, and appeared able to topple governments at their pleasure. 

The convening of the Congress of Vienna in 1816 represented the first opportunity for this shadowy group of puppet masters to take full control of the nation states of Europe so weakened by years of war – and the accumulation of debts which accompanied them. Accomplished operatives like Metternich were waiting in the wings to steer things in the needed directions, but the Czar of Russia and the English plenipotentiary Castlereagh had different ideas. As their opposition to the machinations of the forces of monopoly finance proved inimical to the effecting of these plans, both were marked for the kind of payback which would become the trademark of the secret state – assassinations, blackmail, and the kind of physic weaponry which has entered the discussion here via Walter Cannon’s perceptive look at the evolution of fear and terror. 

It would take some years for the Czars to receive their payback… a hundred years in fact. Robert Stewart, Lord Castlereagh's fate was more immediate. He killed himself with a razor in 1822, after a period of sudden depression and apparently delusional episodes. It is entirely plausible that as an insider to the events unfolding at that time - a hidden coup by which the moneypower was taking over full control of Britains' government - he had become aware of how he and the rest of the 'patriotic fools' had been played. 

"1822, Viscount Castlereagh realized how he had handed Europe over to the Rothschilds as a result of his actions at the Congress of Vienna. He became extremely depressed, realizing it was too late to rectify his acts. He had an audience with George IV, saying to him, "Sire, it is necessary to say good-bye to Europe." Eustace Mullins -the Scandal Unveiled 

It has been advanced, amongst other theories, that he was a victim of entrapment and blackmail – a favorite method of control by which the moneypower achieves its power over politicians – it is not out of the question that some form of these early mind-control techniques could also have been applied in the manner of that template of ‘suicide’ which has become so common amongst enemies of the moneypower. With him went the last real resistance to the takeover of the British government by forces which had long sought such supremacy. The strange case of Tilly Matthews provides us an insight into the long timeline by which these methods of subsuming and controlling opposition will be gradually perfected into the present moment, when the techniques developed to be used against individuals can be and are being employed as mass terror which in every way mirrors the states of malignant anxiety Cannon diagnosed. Via these methods all effective resistance to the completion of the capitalist program… a completion which few realize the real implications of… will be terminated with prejudice! 

Novus Ordo Seclorum- the strategy of tension 

The tension of being attacked from within(the exact sensation described by sufferers of Morgellons)and without, the deliberate efforts of one’s own government to create disease, or mass terror[9-11], breeds this incipient ‘shocking emotional stress’ into a condition of constant, repressed terror which can be remotely controlled via the tools now possessed by the security organs of the state. From the first efforts with Pasteur to induce sickness and create diseases as a research tool…to the deliberately carcigenated polio vaccines of Jonas Salk… to the intensive production and mass application of bio-weapons created in the labs of Roy Ash’s Litton and the National Institutes of Health’s Ft Detrick, the path is simple and direct. 

Releasing bio-weaponized mosquitoes on the citizens of Manitoba & Florida, or developing designer diseases for specific DNA sets, and unneeded vaccinations for entire populations becomes not just a new ‘profit generator’ for advanced capitalism… but the ultimate statement of economic Darwinism which Smith and Malthus had always anticipated – at this point the occidental economies become fully infected by an economic AIDS which turns the body politic against itself… breaking down via fear -or 'malignant anxiety' - resistance to the infections induced by the forces of finance the better to parasitize their host populations. Contrary to what much of the phony oppositions created by finance capital to oppose finance capitals would have us believe, that is not deviant capitalism, but the true purpose and face of capitalism in action. Behind the monopolization of markets, of capital, lay the true goal of its creators and their descendants – monopolization of life itself. 

The systemic development of new levels of mass fear and terror which the authors of Nanoterror heralded is a macrocosmic application of what science has shown us is a pattern of life on the microbial scale. All the way along the chain – from bacteria through to the invertebrates – it has detailed the presence of behaviors such as ‘cheating,’ ‘deceit,’ infiltration & disguise in lifeforms which – in our anthropomorphic conceit – we imagine to be imitating ‘higher forms of life, such as ourselves! It would seem wiser to rearrange the gaze of science to consider that ‘we’ are the ones ‘imitating’ our hosts and progenitors on the micro level… taking the tricks from their book which are applied by humans in the fashion of viruses. The application of mass terror on the scale of a 9-11 is nothing other than a replication of viral strategies on multiple fronts! The insertion of foreign agents, such as “Dov Zakheim,” into the body politic in order to mastermind the theft of 4 trillion $ of that bodies public wealth, while diverting its attention via the manipulation of aircraft and the elimination of ‘white blood cell’ immune system protectors in the Pentagon and the 26th floor of Building 7 is nothing more than those strategies in action at the macro level. 

The harm and benefit in parasitic interactions concern the biological fitness of the organisms involved. Parasites reduce host fitness in many ways, ranging from general or specialized pathology (such as castration), impairment of secondary sex characteristics, to the modification of host behaviour. Parasites increase their fitness by exploiting hosts for food, habitat and dispersal……….. en.wikipedia.org/wiki/Paras …

Although market economics continue to masquerade as the effective drivers of global commerce at this late date, only the most dedicated mouthpieces of the consensus trace media can pretend with a straight fact anymore that the financialization of trade has not destroyed all evidence of actual markets. One cannot resist requoting Christopher Cole, from part One - 

“Modern financial markets are a game of impossible objects. In a world where global central banks manipulate the cost of risk the mechanics of price discovery have disengaged from reality resulting in paradoxical expressions of value that should not exist according to efficient market theory. Fear and safety are now interchangeable in a speculative and high stakes game" 

In order to sum up and bring to its conclusion this segment’s tracing of the strands which join together to create the post-reality world we live in. There will be those who, still, after reading through all the above, continue to doubt the connectivity between the occident’s seemingly separate worlds of finance, science, magic and the occult; such skepticism is understandable. But one would be well served to read a summation such as Alex Constantine’s The OTO & the CIA -Ordis Templis Intelligentis, before dismissing the précis. Such reading provokes troubling questions which would need be answered to make summary judgment … questions such as why rocket scientists end up in intimate connection to occultists and Satanists, the CIA ‘s “Human Ecology Fund, (of which a seasoned intelligence insider would write: “I am frightened about this one. If the scientists do what they have laid out for themselves, men will become manageable ants.”) electromagnetic mind control - Cornell University, Tim McVeigh, NASA, our old friend Carl Kellner – in all of which, the overtly direct connection s to financial luminaries are admittedly weak. Those connections however, do exist – but that’s for another story! 

Fear and safety intermingle in this new world of kabbalistic numerology/algo finance/derivatives co-joined to voodoo science - where infection of one cell leads to contagion and panic in the rest. For those who doubt that the engineered collapse of the “twin Towers” represented the culmination of capitalism’s centuries-long program to alter our collective sense of reality, there will never be any combination of data points sufficient to awake them from their state of consensus trance. A state of trace made possible by the injection of ancient systems of magic into the sphere of modern technological production –whereby science itself becomes a form of terrorism – and the ‘products’ of this new blending are a compliant, unquestioning mass psychology & a passive population of citizen/victims on which all manner of experiments and modifications can be performed. The rationale for all of this does not belong to the supposed ethos of ‘free market capitalism’ the fulfillment of needs by the production of goods and services… the ‘needs’ themselves are what are produced in this new system of voodoo science. 

Manufactured ‘needs’ are produced to be sold into a market which is also ‘manufactured’… out of the base material of individuals transformed into consumers – a class of persons which can be defined as those whose psyche can be shaped into desiring whatever it is that the class which hold the ‘tools of production’ wishes them to want… and labors on its behalf in order to purchase those things!

This, of course, is a complete inversion of the supposed rationale for the prevailing model of political economy – in which, as mentioned above, “peoples able to exercise freedom of choice in what they consume and produce” operate as free agents in exchange between each other. Only on the level of myth can that scenario be one applied to our current system. Only in abeyance to any objective evaluation of that system can the operation of ‘free markets’ be discerned, or any supposed rational, self-organizing principle behind the economic activities of its participants – of the kind postulated by Smith – be observed. Instead, what informs the ‘markets’ contained within this system is the decidedly irrational –the very thing which this entire epoch springing forth from the “age of Reason” was supposed to banish and supersede! 

To seek an answer as to how this inverted outcome to the production which was “the Myth of Capital” could come about, we need step outside the bounds of purely economic considerations long enough to review the setting in which this magic show has been performed… not as gaping spectators enthralled by its production values, but as observant veterans of the theatrical world, whose gaze can pierce the props to see the inner workings. There is no space for that exercise in this story – our theatrical review must await another day. 

Before closing, a small summation of where we stand at this point in our story: 

The occultic roots of modern finance are those of Babylonian magic, transposing Egyptian Hermetic traditions as remitted by that priestly faction which usurped the original religion of the “Israelites” - thereby creating a heretical stream of sectarian and supremacist dogma which has continued to poison and deform human civilization ever since the fall of the “Second Temple.” The entire purpose of that modern financial system - which currently holds the occidental world under its sway - is to create a “Third Temple” – under the aegis of which the millenniums-long dream of madmen emboldened by this dogma to wish the destruction of all of us will be fulfilled. John Corzines looting of customer accounts at MFG was, like Dov Zakheims heist of $4 trillion was nothing other than tribute stolen as offering to this nascent recreation of the worship of the “Golden Calf.’ The lack of any significant degree of investigation or protest to this and many other serial crimes of the same nature has encouraged those behind the curtains to believe that their time has come at last! 

Corroboration for this claim may be gained from simply following the trajectory of that system’s prime mover – the ‘science’ of kabbalah – through the centuries, from its starting point in Babylonian numerology. The adoption of Babylonian magical systems by fringe elements amongst the Hebraic returnees to Jerusalem led to an offshoot – Gematria – which rabbinical Judaism spun into a kind of cryptology by which to invest their ‘fakelore’ of supposed revelations with a veneer of occultic significance and secrecy. Gershom Scholem, in his classic study of the topic lays this foundation of its program and nature out clearly:

demonic powers...Such black magic embraced a wide realm of demonology and various forms of sorcery that were designed to disrupt the natural order of things and to create illicit connections between things that were meant to be kept separate” Gershom Scholem, Kabbalah pp. 183-184 

In 1564, John Dee’s Monas Hieroglyphica cemented the relation between mathematics, science, magic and alchemy in the western imagination. His master work was the culmination of his studies in Prague with the rabbi Judah Loew – he who reputedly created the “Golem” out of dead matter – from whom he apparently learned the magical invocations and communication with spirits which would become the underpinnings of the many ‘secret societies’ through which the spread of hermetic and Babylonian esotericism would develop amongst the European intelligentsia and upper classes, in tandem with the spread of the economic conceptions we have looked into in these first two parts. Indeed, so clear is the connection, that the members of the “Lunar Society” – a group of scientists dedicated to promoting scientific invention as the progenitor of utopian social visions, Darwin’s grandfather amongst them – called themselves the “Merchants of Light!” The transposition of esoteric magic with Christian tradition would lead directly to the Luciferian/Satanic undercurrents of the C19th… just as esoteric gematria would lead directly to the develop of arcane structures of finance ever more divorced from connection to real things and real value. It could well be said that the self-proclaimed ‘inventors’ of the modern ‘derivatives’ contracts – William Lawson, and our old friend Richard Sandor amongst them, are simply necromancers of the oldest kind – enveloping our modern world in the smoke and mirrors of the stage magicians art in time honored fashion. 

If we return for a moment, to the quoted definition of ‘fakelore’ from Hoffman in part one – “The manipulation of the mind through the use of traditional symbols”… we see the replication of the myth of capital through the proper lens at last. The ‘art’ of magic – to convince the audience to suspend belief in what it sees, it favor of seeing what the magician wishes it to see – is the ‘science’ of modern finance… by using it’s stage helpers of the media to convince the gaping audience of dupes that what has no value or substance is indeed the motor of our economies, these masters of the trade exchange nothing for something, the alchemist’s dream at last realized! Perhaps the cruelest irony to all of this production is that the fantasy of ‘markets’ and ‘market actions’ is so entrenched in the minds of those upon whom these actors prey, that the very victims of the chicanery by which https://storify.com/SuaveBel/market-sentiments-part-two

this system supports itself are the most vocal in defending and preaching on behalf of that system… ‘capitalism.’ 

Here we must stop and turn things over for a moment to Rene Descartes’ strangely preparatory supposition from Meditations on First Philosophy (1641) – [what if] “some malicious demon of the utmost power and cunning has employed all his energies in order to deceive me?” If it seems odd that a ‘man of science’ should be asking such as question, that is merely the result of convention in the present day – when science has banished both demons and evil from existence… not by empirical proof of their non-existence, but by fiat. Could Descartes have already been aware of the direction in which men like Dee, Asmole, Fludd and Bacon were taking science? Before it became verboten to mingle the metaphysical with the material sciences, the scope existed for inclusion of the ‘irrational’ in one’s speculations upon ‘nature.’ And it was, after all, the constant refrain of all of these ‘Merchants of Light’ and searchers after the arcane that they were simply seeking an understanding of nature! 

"It is one of the more profound ironies of the history of thought that the growth of mechanical science, through which arose the idea of mechanism as a possible philosophy of nature, was itself an outcome of the Renaissance magical tradition. Mechanism divested of magic became the philosophy which was to oust Renaissance animism and to replace the 'conjuror' by the mechanical philosopher." Frances A. Yates, The Rosicrucian Enlightenment - p113 

This may have been the greatest trick of the entire performance – constructing a myth of the sciences as the special preserve of the ‘rational’ – whilst imbuing the scientific community who pursued the study of those same sciences with a thirst for the most arcane and esoteric of pursuits. If technology is the application of mankinds’ powers of reason to the easement of life’s necessities, then we should relax… secure in the knowledge that, guided by the hand of science, technological endeavors are uniformly in our interests. Yet science, via it’s technological application, has pursued an entirely different purpose than easing our necessities – for several centuries it has been manifestly dedicated to creating man as God… a supremely metaphysical, and indeed – profoundly irrational undertaking. For only a ‘demon’ – that is to say, only one in total envy and spite of who ‘we’ are and what powers are assigned to “higher realms’ would seek to reject what we have been granted, in order to try and forcibly seize that which we have not. There is apparently no room in the modern occidental imagination to consider the possibility that we, as a species, are heirs to a veritable ‘heaven on earth’ … and have been persuaded, via a production of magic, to accede to the theft of that heritage, in exchange for nothing more than the chains of self-imposed misery and want. 

 The “tikkun olam of kabbala -the‘repair of the world’ which that rabbinical doctrine proclaims to be the goal of its practice – is supposed to ‘correct’ a ‘flawed creation’ via the God-like powers it grants to men. This profoundly Gnostic heresy which views life as an ‘error’ to be corrected, and our world as a place of darkness from which to be rescued, was peddled to the credulous aristocracy of Europe as the ‘true’ or ‘inner’ essence’ of their own spiritual tradition. A terrible reversibility came into play - that principle of reversibility which Baudrillard terms “the one of magic and seduction, requires that all that has been produced must be destroyed, and that which appears must disappear”… seduced by an alien philosophy inimical to their own culture, these dupes, and the many who followed, have acted in the manner of the gnostical “cathari’ or ‘perfecti’ of medieval infamy, in perfecting the ‘art’ of suicide by invoking demonic magic into themselves and their society. It is almost time for the ‘disappearance’ which this magic show provokes and presupposes. But instead of the stage magician vanishing with a poof… it will be the audience themselves who are ‘disappeared’ … the inevitable fate of any culture which inverts and then disassociates itself from its own reality. 

Descartes at least had the imagination to be able to ponder the possibility of this seduction followed by self destruction… no such possibility of self-doubt[and thus – rescue]exists in the ‘man of science’ of today. Their doom is completed by their belief in ‘rationality’ in the face of its opposite on all levels. Kabbalist Isaac de Luria prophesized that the world reborn after tikkum olam would be made in the image of Cain: Gershom Scholem notes that "as the messianic time approaches, according to Isaac Luria, the number of such souls will increase". A world which never needed 'repairing' will be bound to the chains of those for whom murder and mischief are first principles, via the seduction of those foolish enough to believe in the signs and symbols that 'mean' the reverse of what they 'seem' to say. With the occidental world in the grip of the forces pushing this nascent return of the Canaanite worship of the golden calf, it appears that the “curse of Canaan” is one that falls upon its victims, not those who are the perpetrators of the many crimes against humanity committed in the name of this dark religion of sacrifice and terror. 

Mass manipulation of markets & media leads on to mass terror and the extinction of any connection to reality…real markets… real bodies…real human values. The inversion of reality, the ironical apogee of Yates’ reversal – the ousting of magic by the mechanical is complete when those who witlessly advocate for a ‘market economy’ free of government interventions bray for the corrective action of government regulation to ‘stop the manipulation of markets’ - as if the contradiction never occurred to them. And as Baudrillard confidently predicted – the precession is complete. 

Though the sordid facts of which the myth of capital are made must be revealed, there is no need to stay too long within the confines of that sad and diminished world. In part three the scene will shift to happier places, happier times, and the 'pursuit of happiness' in real life form. Soon to appear... MIXED SEDIMENTS-of Culture and Time/part three of the Myth of Capital. 


It may be said – though only with the benefit of hindsight – that the fate of all of these unsuccessful challenges to the victory of monopoly finance ‘capitalism’ over free enterprise and the meritocracy of creative endeavor was brought about by inability of its opponents to fully recognize the unity of phony ‘left/right’ interests which would be arrayed against them, nor to credit the irrational, occult forces behind their enemies. Even today, remarkably few observers penetrate through the screen of dialectical deceit to see the real face of the implacable enemies of our species. 

"Capitalism" as a system flexible enough to be employed worldwide...regardless of political, cultural, or religious boundaries has long been abhorred by those who espoused a "socialist" alternative to the exploitative relations between classes... and between countries... which that model pursued. Astonishingly few of those persons ever seriously asked themselves who ultimately received the benefit of their efforts to provoke a crisis that would end the system they viewed as 'bad'... and replace it with one that was 'good.' Had they done so, it would surely have come as a great shock to realize that it was the owners of the brand called "Capitalism" - the forces behind monopoly finance and the debt/usury/interest program which powers economic life in the west - who would be the chief beneficiaries! 

Or would it? In evaluating the swath of destruction and waste that the persons supporting socialistic theories have left behind them over the past century or so, one is torn between supposing these people to be witting enablers of the basest powers of evil, or witless dupes manipulated through their sense of compassion for others into collusion with the interests of their enemies. Such is the sad history of our times that those who saw deepest into the hearts of men… and using that insight made proposals most in keeping with our true abilities and instincts… were deliberately and viciously destroyed, while the meddlers and parasitical hangers-on of the moneypower were built up into positions of power and influence from which they continue to wreck untold havoc. 

The words of Max Weber provide a suitable close to this segment on the selling out of science to the enemies of mankind: 

“Specialists without spirit, sensualists without heart; this nullity imagines that it has attained a level of civilization never before attained.” 

Release\ July 2 2015