Davo Sherman: Psychopathic Economics 101

Davos Sherman now has his own blog and I have added it to my blog roll. I highly recommend everyone check out his site and subscribe. He is focusing on one of my favorite themes, capture of our society by deeply disturbed psychopaths. They are in complete control of both Washington and Wall St.

Psychopathic Economics 101

Posted on December 3, 2011 by Davos

By D. “Davos” Sherman Okst

Summary

Psychopaths flew financial weapons of mass destruction (derivatives) into the twin towers of our economy, the housing market and the stock market.  Ten trillion dollars of wealth imploded in a cloud of dust.

Ninety-nine percent of the economic experts – financial planners, economists, economic professors, brokers, and investors – missed the largest bubble in history as well as the systemic risk that the bubble posed.

The National Board of Economic Research (NBER) (who is responsible for declaring a recession) was 9 months late calling the worst recession since the Great Depression.

How Economics Were Hijacked 

I advocate that the larger story here isn’t derivatives or the Financial Crisis of “2008,” but instead how economics has been secretly hijacked.

When I began researching for the book I’m writing I had a premise: “Corporatocracy” had replaced capitalism.  That is true, but I realized the more important underlying fundamental was how corporatocracy came about.  Corporatocracy grew out of souless corporations being given human status even though their sole purpose was creating wealth for the shareholders.  Corporations themselves became uncaring individuals – many of them run by uncaring individuals.  Psychopaths to be blunt.

Research I conducted revealed why and how psychopaths captured economics, how this catastrophe was missed and what the ramifications will be.  For more on corporatocracy please read “Why We Are Totally Finished.”  There is also a super documentary called “The Corporation” which can be viewed off my blog Psychopathic Economics.

more…

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