What it is like Trying to Reveal Truths in the Blogsphere

“And if all others accepted the lie which the Party imposed—if all records told the same tale—then the lie passed into history and became truth. ‘Who controls the past’ ran the Party slogan, ‘controls the future: who controls the present controls the past.’”

“In a time of universal deceit, telling the truth becomes a revolutionary act.”- 1984, George Orwell

Wonder what it is like for the blogsphere to weigh in on issues of the day? My colleague Lee Adler wrote this classic on the Fed issuing an absurd two faced meu culpa, white wash and misdirection at 6:00 PM on Friday afternoon.  Lee then moves to the NY Fed site and writes this zinger, which was quickly censored.

The excuse that most other professional forecasters didn’t foresee it is just that, an excuse. Some professional forecasters did see it. They were derided as Cassandras and dismissed by Wall Street and Fed insiders, who are only beholden to each other, and to their own delusions.Millions of amateur economic forecasters who frequented the financial message boards and blogs saw what was happening and what was coming. They had one important advantage. They live in the real world, not inside the Beltway, not within the marble halls and equally hardened thought processes of the Fed, and not in the ivory towers of academia, a word which sounds like a disease, because it is a disease.

 Not only do these environments cause delusional thinking, they attract delusional people. The same is true of policy makers I call it elitist personality disorder. It leads to delusions of grandeur, delusions of omniscience and omnipotence, and the unwillingness to take responsibility for failure and incompetence, instead engaging in blame shifting.

Postscript. Yep, less than a half hour later, they pulled my comment.

Then earlier in the week he gets a cease and desist letter from attorneys representing the Mortgage Banker Association, asking him not to use information and data that they disseminate publicly once a week. Of course no one in the public blog sphere has the resources to take on industry attorneys on matters like this, so the charts and data will no longer be available on Lee's site.  These Orwellian Ministry of Truth types think that removing comments somehow invalidates it, and draws attention away. In fact these days with the Occupy attitude alive and well,  the effect is quite the opposite.

To me this censorship smacks of desperate behavior signalling that the Ponzi scheme is at an end game.  The various corporatists and government apparatcheks are the enablers of all this elitist incompetence ...and fraud and criminality.    There is a whole system of what I call negative selection that is set up to actively find personnel that fit the incompetent elitist personality disorder mold.  Negative selection is common in tightly controlled totalitarian regimes. Stalin used negative selection routinely to cull ranks of anybody even suspected of having a brain. Sadly this is what we are starkly witnessing in the waning days of Ponzi crony capitalism globally.


This week's Time Magazine cover says alot about the Mininstry of Truth.