By Staff at the daily Bell
The Fate of the Global Financial System Hangs in the Balance … Critical meetings are taking place today and tomorrow which may decide the fate of the EU. With that as the backdrop, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management, to get his take on what is happening. Leeb told KWN the situation in Europe has “gone from bad, to worse, to outright frightening.” Here is what Leeb had to say about what is taking place: “My attention right now is focused on Europe. What is going to happen over in Europe is going to be incredibly important. Any rational person looking at the calculations would expect Germany to play ball, which means come up with a major funding package.” – King World
Dominant Social Theme: If it weren’t for these EU leaders, what would we do?
Free-Market Analysis: Stephen Leeb is worried about the state of the world and has piled all his hopes on some sociopaths meeting today and tomorrow in Brussels. We use the word “sociopath” only to point up the lunatic determination it takes to claw oneself into a position of power such as held by Angela Merkel, François Hollande, et al.
For a seeming eternity now, the top “leaders” have been meeting at expensive watering holes amidst fine wine and rich food to basically … save the world. The rhetoric is heated and the “summits” produce an endless flood of articles and pontifications.
Over and over, breakthroughs are hailed by pro-Euro publications and the world is pronounced safe with a generalized sigh of relief. Then a few days later it becomes clear that nothing has changed. Gradually reality sinks in: these exercises are vast and dramatic promotions, full of sound and fury but signifying nothing.
That is to say they are promoting a dominant social theme … that a few “top people” are capable of saving the world and that everyone else is merely history’s bystander. We wrote about this here: “Elite Orgasms in Rome: The Phoniness of Modern Leadership.”
This is such a pleasurable meme for the power elite that wants to run the world. It is kind of analogous to the meetings between Winston Churchill, Franklin Delano Roosevelt and Joseph Stalin at Yalta. Even the language is similar.
Then, the meetings were characterized by the nomenclature “Big Three.” Now, Reuters labels today’s politicos the “Big Four.” Once again, we are advised to watch passively as the fate of the world descends on the shoulders of four duly elected representatives.
In the 20th century it was fashionable to believe, in the West anyway, that economies were run via market forces. What we call the Internet Reformation and explanations of how the world really works presented via information technology have made it clear that the idea of a market-based economy has no traction at the top of hierarchy.
In fact, a group of impossibly wealthy, dynastic families – a power elite – runs the world and is nudging it with increasing determination toward full-on world government. This elite, along with its enablers and associates, uses fear-based memes to achieve its purposes by frightening middle classes into giving up wealth and power to internationalist facilities.
The idea that only a few top individuals can determine the fate of the world is surely one of these themes, and one breathlessly subscribed to by the mainstream press. This interview with Stephen Leeb is a great example of how this meme is propagated. Here’s a little more:
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