Systems Collapse When The Irrational Is Considered Rational

Oh thank you, Wikipedia, for this definition: “Irrationality is cognition, thinking, talking or acting without inclusion of rationality. It is more specifically described as an action or opinion given through inadequate reasoning, emotional distress, or cognitive deficiency. The term is used, usually pejoratively, to describe thinking and actions that are, or appear to be, less useful or more illogical than other more rational alternatives.” And what about this one? Market Psychology? This term is defined in the Investopedia this way: “The overall sentiment or feeling that the market is experiencing at any particular time. Greed, fear, expectations and circumstances are all factors that contribute to the group's overall investing mentality of sentiment.” Q: What do we have when we put the two together? A: The current madness and market mayhem,’

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Strauss-Kahn and The Secret Culture of Aggressive Sexuality In The High Pressure World Of Bankers and Banksters

By Danny Schechter

"The shock, grief and loss were overwhelming.My colleague Mike Whitney asks: “So, what are the chances that Strauss-Kahn will get a fair trial now that he's been blasted as a serial sex offender in about 3,000 articles and in all the televised news reports?

Do you remember any Wall Street bankers being dragged off in handcuffs when they blew up the financial system and bilked people out of trillions of dollars?"

The answer to both questions is certainly Non in French or No in English, but there’s more to the connection between Sex and Wall Street. Without commenting on the evidence in this case—which has been asserted, not proven-- there is a deeper context that is being ignored.

I call it the Testosterone Factor in The Crime of Our Time, my book about how Wall Street criminally engineered the financial crisis.

Interesting isn’t it that have been so few references to the link
between the pervasiveness of salacious sex and the highly-charged
life of a class of “entitled” wealthy bankers who live off of others
with few rules or restraints.

There is also often no news about that or the practices of the IMF
which is often accused of raping poor and vulnerable countries
with unfair structural adjustment programs.

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WHY FACTS NO LONGER MATTER IN THE MEDIA DISCOURSE

By Danny Schechter

""No matter how big the lie; repeat it often enough and the masses will regard it as the truth."How should we understand this latest and most troubling insight into the reality of our media ecology? In the aftermath of the resolution of the Great Birther bash-up, even as President Obama tried to lay the issue at rest by producing the document that showed, proved, verified, documented, and validated his birth in one of the great states of our disunion, it was said that its release would only fuel more debate, and convince no one. In other words, in the end, this long debated fact didn’t matter. Facts no longer seem to matter on other issues, too, as articulated in the now infamous memo issued by retiring Senator Jon Kyle whose office, when confronted with evidence that he misspoke on the matter of how much money Planned Parenthood spent on abortions—he claimed 90%, the truth was but 3%, issued an advisory that said, “The statement was not meant to be factual.”

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WHY WALL STREET IS WINNING: A Hated Financial Center Is Bouncing Back. How did they Do It?

Danny Schechter

A Hated Financial Center Is Bouncing Back. How did they Do It?

Two years ago as financial reform was put on the U.S. Congressional agenda, a skeptical Senator, Dick Durbin of Illinois, spoke of the power of the banks over the country’s legislative process.

“They run the place,” he said matter of factly.

The comment was then treated as a sidebar in the few newspapers that carried it, perhaps because it The remark about a shadowy power structure far more important than all the partisan in-fighting that dominates the news is worth recalling as a way of explaining how little has been done to rain in Wall Street in the years since its crash virtually wrecked the global economy.

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