The mutual hijacking of economy and religion
The “Moral Hazard” religious economic theorem is a founding pillar, on top of the pyramid system of the current economic neoliberal cargo cult.It is an instrument of control of the society.
Its members are sworn into it and they keep practicing it , against any
Evidence or fact.
This cargo Cult of religion travesty into economy works as a systemic emanation of the Christian or any monoteistic religion and in the Eurozone case was especially developed in its current form as the emanation
by the protestant-calvinist branch of christianity.
The earthly, down to earth aim of the “Moral Hazard” theorem and practices is the historical firewall of the ruling Oligarchy and its systemic continuity through millenia as the ruling model of society.
The “ Moral Hazard” corner stone of the current Economic cargo Cult was and it is enforced, through economic laws and through the monopoly of the violence given to the State as the entity of a social protecting contract which the serfs or the citizens outsourced to the State and its ruling Oligarchy as a way to prevent constant inter societal violent conflict.
The “ Moral hazard “ theorem was and is still enforced, in past mostly by the Church and in present by the systemic brainwashing of the population by the appointed Priests of the “Moral Hazard”. The Religion was used as a brainwashing of the illiterate population to abide and obey to their rulers which were appointed to rule by god or any other suprantural force.
The “Moral Hazard” is a top precept to induce the population to obey. The more or less self appointed rulers enforced this concept with the religious beliefs and together with the cascading hierarchy which was dictated by God and this precepts and laws were /are kept safe within dedicated institutions like the church and enforced by the forces which represented the ultimate Being, Lord, God and this institutions spread his word down to the serfs. The Oligarchy, invoking God laws ,controlled the social classes below them because the populace had and was always in a “Moral hazard “condition and nature because they were essentially Pigs, cheaters, lazy drunken bums, debauched, primitive and prone to break daily the “Moral hazard”law.
The Rulers enforced the “Moral Hazard” principle on the social classes underneath, they did this by force or by economic ties which could not be breached.
They, as WD has written here, hijacked the Principle of the not known Builder to the last drop for their gain.
What is the “moral hazard” and how it works today
Dear reader, you think all this written till now is some blah blah mumbo jumbo religion and bollocks.
Please follow Witchdoctor in this true story and decide after if this is a stupid WD invention or if this “Moral hazard” is real top principle in the current cargo cult economics:
4 days ago, Witchdoctor was listening on the radio radicale, italian independent radio, a press Conference.
The speaker was MARIO CENTENNO, a Portuguese economist, university professor and politician (here we go!).
HE IS a President of the EUROGROUP! He replaced Jeroen Dijsselbloem! Do you remember Dieselbloom, a guy, calvinist priest by nature, who said that all southern europeans are womanizers, drunkards, non reliable and lazy and they like to scrounge other peoples money , etc, etc,?
Mario Centenno was answering the question of the radio radicale journalist about what the Eurogroup will do in this times of Covid 19 pandemic regarding the financial help for the States in peril from the Covid 19 crisis what financial instruments will the Eurogroup implement and how about the rules regarding States deficit , fiscal compact , debt , etc.
MARIO CENTENNO started to answer…. He started with: There is no question today about the “Moral Hazard” as was the problem of the “Moral Hazard” in the years 2010 20011, the years of the previous European crisis! The “ Moral Hazard” is not a question today. It was …. before, when,
WD adds, when they sent the troika to Greece, Cyprus, Italy , Slovenia and all over the place, because this States were playing with the “Moral hazard”, In fact They were called the PIGS!They were acting and living like the pig..and that is a “Moral hazard” .
WD jumped on the seat with a broad smile.
Finally! Mario Centenno has said it, in moment of weakness, due to Covid 19 flying around his microphone, he uncovered the First law of the Cargo Cult economics, The “Moral Hazard”!
The Calvinist cargo Cult of the Priests of the “Moral hazard” showed its face value, They think that many do not deserve help because they are reckless pigs scrounging.They are the Sinners and they practice the “Moral hazard” behavior by being scroungers, inept squanderers living on backs of the others.. To put it plainly, if a State has a disfunctional health system, like was the Greek one, the “priests of the “Moral hazard” do not invest in the system and fix the disfunction by implementing the proper standards. No, They close it, since it is a source of the “Moral Hazard”!
Mind, “Moral hazard” applies only to the State, the public sector, like hospitals, schools , public pension funds and all the public welfare!
The “ Moral hazard” never applies to Private banks, Stock market, Private health firms or the Private companies! They are mostly too big to fail and what the heck with the “moral hazards” when ones pals are involved.
The private Companies can easily chop all Amazon forest, pollute whatever they like, sell defected and dangerous products, Play at the Global Casino of the derivatives and futures or bet on destroying continents. This is never a “Moral Hazard”, this is business..
Another example a non expected one. 4 days ago, Witchdoctor made a comment in the Guardian news paper, where he has a pre -moderated status, meaning he is censored.he makes something like one or two comments a year.
The first attempt to comment another and even bigger neoliberal , ordoliberal german priest of the“Moral hazard”went censored because he added a classic statement: Do you want to buy a used car from HANS WERNER Sinn ( a leading, influential german economist of the ordoliberal hordes) or maybe, maybe HANS SIN better sends his used car to the scrape yard?
Today one is censored for this ? You know where we stand. When at the second attempt he deleted this sentence, he was published.
And somebody replied, it was another proof, here it is:
”””””””
WitchDoctor
3d ago
Hans Werner was one of the head thinkers of Austerity, Troika, Fiscal Compact, ESM stability mechanism in the Eurozone. He still is.He was against ECB being the Lender of Last Resort, against the Eurobonds and in favor of the living within your means so called economy.
he was a supporter of the Greek so called rescue which was the beginning of the catasrophy there. He was/is in favor of each country in the Eurozone having its own spread ratio on ht e debt bonds..ETC
Just Know, it seems that Trump administration is preparing the Helicopter Money checks for the US citizens, Mr Hans was always against it. ETC Even now he is cunningly saying that Italians do not need some sort of Universal basic Income, since they can not spend it!
The self employed and precarious have to live within their means of nothing?
OK?
He was/is against the Modern Money Theory approach, and he lost, because MMT is a fact.
Burstcouch
to
WitchDoctor
3d ago
He was against ECB being the Lender of Last Resort, against the Eurobonds
Yes, he was rightly opposed to debt mutualisation which is expressly forbidden by Article 125 of the TFEU and would have formed an unavoidable moral hazard.
he was a supporter of the Greek so called rescue which was the beginning of the catasrophy there
No, the reckless borrowing and accounting fraud by the Greek government was the beginning of the catastrophe there.
“””””””””””
Mutualisation is sharing the burden between non equal and that is strictly forbidden in the neoliberal cargo cult economy. The underlying of the “Moral Hazard” theorem is racist, it divides social classes, people and groups between the Sinners and the Elected Ones.
They do not deserve any relief if they have sinned and breached the “Moral Hazard”Theorem.They have to endure penitence and repent by all means, which means stripping them of their property and rights.
The SIN is COLLECTIVE, the whole community pays for the sins of some.
Dear reader:it is here, in the answer, which forgot that Mario Draghi breached all this commas and did whatever it takes, the QE and saved the Euro, but the cargo cult is adamant,and this somebody answering is not just anybody (:), he is a member of the Cargo Cult. He said:
“ and would have formed an unavoidable moral hazard.”
The MMT part,and how this priests of the “Moral Hazard “ have de facto lost was not in his mindset capability..
THE BASIC THEOREMS OF THE MORAL HAZARD ECONOMY
The structure is Mythical theological.
The “moral hazard” origin of the cargo cult economy essentially works on this perverted religious concepts:
VIRTUE, VIRTUOUS economy, practice and the deriving model of society:Virtue is essentially living within your means, whatever this really means as a myth. Virtue is the State budget balance,hosuehold balance, Virtuous is the European Stability mechanism, the Fiscal compact .The States abiding to the Virtue are Virtuous States, and they are a model of the “ Moral hazard” avoidance and Temptation .
PENITENCE is Austerity. The states or individuals have to REPENT. The States which incurred into a “moral hazard” of recklessness (whatever it means) must be penitent and must repent. The process of penitence and repenting is to spoil themselves of the signs of the SIN.They have to endure Austerity, a cleansing process to get ride of the SIN.
The SIN is Debt. In German language it is a synonym- schuld.
DEBT is Guilt and this is SIN.
If you squander and get indebted, it is a Guilt it is a Sin, you have to endure Penitence , strip yourself of all your assets and in this way PAY For YOUR SIN, Give Back your Debt, Repent,and then you are Virtuous again and free from the “Moral Hazard”.
SIN: anything that leads to “Moral Hazard”
THE SOCIETY IS DIVIDED BETWEEN ELECTED AND THE SINNERS
Witchdoctor has written it all over here, about this Calvinist or whatever cargo cult.
The elected by Divine Right, the enduring Oligarchy which incidentally was elected by chance – PROVIDENCE-or to paraphrase Albert Einstein, by GOD playing dice, has the Divine Right to control money creation and so it is THEM who decide who incurs in the “Moral Hazard”, Who is Virtuous, Who is put in Penitence, Who Sins and who is guilty and in debt to Them.
Only the elected ones can have Something -i.e, the money- out of Nothing and this process is highly controlled by the Priests of the Cargo Cult of banking and Central banking. Money is like blood circulation and the Central Body is in control of it.The Central Body decides who has breached the “Moral hazard”.The Money creation is the something out of nothing phenomena, it is a mirror image of GOD Creation, and so, by holy transmission of the GOD WILL, the representatives of GOD on Earth, the Kings, Popes, The Whole appointed elected by god Oligarchy and all the cargo cult priests are the ONLY Ones allowed to practice the God will, since they are his appointed priests!
So, folks, they are here to make money and GOD loves the Ones who make a lot of money, as the protestant rule says.
The rest of the population has DEBT as a social control and the populace is not allowed to be TOO BIG TO FAIL and bailed out..
They have the Obligation to serve and practice Submission to the “ Moral Hazard “ theorem. The social classes which do not make part of the Elected, Nations included, are born Sinners and they have to be Controlled.
They are born to live within their means and incur only in such amount of debt they can pay back, The Elected have none of this problems, they can make debt and sell it as much as they like.For Them Debt is Not SIN, it is a GODSEND, since they control its production.
THE BIG BANG ORIGIN OF THE “MORAL HAZARD”
Witchdoctor will point to the exact religious and psychological moment of the birth of the notion of the “moral hazard”
The Birth of the “Moral Hazard”and the subsequent ideology is to be found on the page. 176.
The gigantic and fantastic book and work from Rob Iliffe – “Priest of nature- the religious worlds of Isaac Newton”, a book which will change the history of science and the history crime scene.On this mindblowing subject, later.
On the page 176, under the chapter Protestant Ethics, Isaac Newton, a de facto a religious Monk and the book shows PLAINLY how SCIENCE was born as a religious theology, the GOD emanation of Universe natural laws, with unbelievable theological disputes of the proper and right in GOD intentions, for ex. refraction of light-optics- through a prism, etc etc, all this coming later in this Oracle Blog,
On the page 176 is chapter on Protestant Ethics. This, what follows is Witchdoctor “interpretation” of the birth of the Protestant Ethics:
The true believer, the godly person, has to be occupied with godly works all day long.
BEING IDLE brings Satanic temptations. It IS SIN. The persons mind gets lost in Unproductive thoughts and even unproductive deeds. (Sharia, anyone?). Thoughts of SEX, Obsessions, Lust, and etcetera etcetera. Being IDLE brings satanic forces into a person.
Newton: “ Most people succumbed to the Temptations and Pestilences of Idleness”
Barrow: “ Sloth-unwillingness to work or make any effort- is a Nursery OF SINS”
Solid Hard Work leaves No vacancy for ill thoughts.
Conclusion: The Persons self is a beast and it has to be controlled by all means, if not ,he will be possessed by Satan, which is idleness, sex, and whatever this myth thinks is bad.All life is a distraction and ,WD ads “MORAL HAZARD” they have to fight against.!
WOW! WOW and wow.
IN Fact, The priests of the “Moral Hazard” are a real moral hazard for the world.
We all know that the word is fraud and it applies for all..
That is where the COERCION as a SYSTEM starts.
Even if one is hungry and poor and ill, he has to endure penitence.
The Priests of the cargo cult have to practice penitence 24/7 since they have such nasty thoughts.The only cure for their nasty souls is to WORK all day long. If they have to do this, imagine what must do the rest of the populace.
The Birth of protestant ethics is really PATHETIC. This priests of the “Moral Hazard” theorem seem all to be full of perversions ,they have to repress their perverted minds minute by minute all life, till they drop dead.
UNIVERSAL CITIZEN INCOME AS THE ANATHEMA
The title says all. In this “Moral hazard” cargo cult, The Universal Citizen Income is a breach and anathema of the current Cargo Cult of economics. It is something the “Moral Hazard”can not permit.iIt breaks the economic religion. It is anathema to give something for nothing. Only the elected ones, free of the “Moral Hazard”, can have something out of nothing.They are entitled to it, by some Inscrutable Design.
THE “MORAL HAZARD” AND THE COVID19
And, then, eventually the VIRUS came…..
The galactic vacuum cleaner through debt, stopped.The Cargo Cult model broke. The Sinners could not repent by practicing penitence, work and debt anymore.
“The “Moral Hazard” Cargo Cult is standing at the crossroads.
They hope that the stop will be only for some months. If so, they are ready to delay the DEBT come due, debt in form of people taxes, loans, wages.
They are not ready to write it off, the debt, taxes,. This will be a “Moral Hazard”, the populace might think that the Cargo Cult FEEDING CHAIN is not a GODSEND and that the Sin Debt can be written off.
But, the UCI (universal citizen income) is lurking. To Keep alive the Feeding Chain, they have to give. Give something for free for a while. Feed the Sinners.They have to extend the elected something out of nothing privilege to others, a little, for while. They Hope it will pass soon and the perverted monkey populace will forget or never be informed what is at stake..
But, before, they will try to postpone the debt and loans come due.
The debt and loans will pile up.
Each month of Piling of debt of the citizens, self employed, artists , delayed in the next months , is three months of recession, which, in turn make three months more of spiraling recession which make 6 months by 6 , three next years of recession.
WTF? Well, this is the Witchdoctor multiplier economic effect of piling of the taxes and debt coming due- Before the people and the small medium business will be able to repay all taxes and debt which piled up in the meantime because of the decision to delay them by the cargo cult, it will be 3 years. After the 3 years of spiraling downwards purchase power in the meantime will get even worse when the delayed debt will be exstinguished. But even after, the shock will be so hard that nobody will start to spend. And the loss of jobs will be very hard to replace quickly in this TINA model of neoliberal bollocks.
Oracle prediction:10 % to 20and more % fall in GDP, ten years of recession and if Austerity measures are to be applied by the “Moral Hazard “ book of the Cargo Cult because of the breach of the VIRTUE since outstanding debt and the budget deficit will be huge, all this will make no end to recession..
The End will be the CLIMATE CRASH coming next, which will cost, lives and the final loss of any capital left.
In the Meantime the Capital/debt ratio will skyrocket…
OK, Witchdoctor is fed up for today…
PS. The List of the “Moral Hazard” Priests:
Italy- all, all monti giavazzi alesina tria , padoan, fubini, de romanis, cotarelli, media formigli, floris, porro,and all,
except Grazzini, Somma,Marco Saba , Paolo Barnard and a few more.
Slovenia, all , completely all previous and current Govt,
except P. Damijan with a megalomaniac nuclear streak and public sector defense streak
Germany; ALL..
France, almost all.
Spain: all of them.
Holand: the nursery of the cult
East Europe: all, but they do not grasp it good.
Bill Mitchell, Steve Keen and some more are out of the cult ,almost…
Stieglitz and ,we are there, a few….
Happy trails.if you find them.
next Time, maybe, Rob Iliffe Isaac Newton theology, conspiracy, and Sigmund Freud fantastic book on Monotheism and how Moses was Egyptian, who….hijacked a tribe.