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5 "Tells" that the Stock Markets Are About to Reverse

Atomised Americans

Politics / Social Issues Oct 20, 2010 - 11:51 AM GMT

By: Christopher_Quigley

Politics

Best Financial Markets Analysis Article“This shift from customary conformity to decision making by some other power, in its final stages, results in the dualism of almost totalitarian imperialism and an amorphous mass culture of atomised individuals.

The fundamental all pervasive cause of World instability today is the destruction of communities by the commercialization of all human relationships and the resulting neurosis and psychosis.


Another reason for the instability of the Western system is that two of the main areas of sovereignty are not included in the state structure: control of credit/banking and corporations. These two elements are therefore free of political controls and responsibility. They have largely monopolized power in Western Civilization and in American society. They are ruthlessly going forward to eliminate land, labour, entrepreneur-management skills and everything else the economists once told us were the chief elements of production. The only element of production they are concerned with is the one they control: capital. Thus capital intensification has destroyed food, manufacturing,  farming and communities. All these processes create frustrations on every level of modern human
 experienceand result in the instability and disorder we see around everyday”.

In 1978  Professor Carroll Quigley, a few months before he died, gave three lectures at Georgetown University, Washington. The lecture series was sponsored by a grant from the Oscar Iden endowment.

The genius of Carroll Quigley shone through his three presentations because, as always, he forced his audience to think. His essays covered the thousand years of the growth of the State in the Western tradition from 976 – 1976. His approach went against the grain of most academics who only taught history in short sound bites. Quigley believed that you could not understand anything unless you saw the whole and the essence of his philosophy was that history was logical i.e. things happen for a reason. For him the core of all that occurs throughout the ages is the underlying force of fundamental human values. Leaders, rulers and executives who miss this point are prone to make erroneous decisions because their actions will be based on flawed analysis and understanding. The professor saw that American society and Western Civilization were in serious trouble in the late 70’s. In hindsight his final essay “The Sate of Individuals” was particularly prophetic and events during the subsequent 32 years have exonerated his controversial conclusions. In summary this essay stated the following:

Society is an organization of persons and artefacts to satisfy human needs.

Currently our desires are remote from our true needs. Societies are built on needs and they are ultimately destroyed through desires.

Power between the state and the society rests on the ability of the state to satisfy human needs.

The state is a good state if it is sovereign and responsible.

There are seven level of culture or aspects of society: military, political, economic, social, emotional religious and intellectual.

Military: men cannot live outside of groups. They can satisfy their needs only by co-operating
within community. This group needs to be defended.

Political: If men operate within groups you must have a method to settle disputes.

Economic: The group must have organizational patterns for satisfying material needs.

Social: Man and women are social beings. They have a need for other people. They have a need to love and be loved.

Emotional: Men and women must have emotional experiences. Moment to moment with other people and moment to moment with nature.

Religious: Human beings have a need for a feeling of certitude in their minds about things they cannot control and do not fully understand.

Intellectual: Men and women have a need to comprehend and discuss.

Power is the ability in society to meed these eight fore-mentioned human needs.

Community is group of people with close inter-personal relationships. Without community no infant will be sufficiently socialized. Most of our internal controls which make society function have historically been learnt in community. Prior to 976 most controls in society were internal. In the West after 976 due to specialization and commercial expansion controls began to be externalized.

Sovereignty has eight aspects: defence, judicial, administrative, taxation, legislation, executive, monetary and incorporating power.

Expansion in society brings growing commercialization with the result that all values, in time, become monetized. As expansion continues it slows with the result that society becomes politicized and eventually militarized. This shift from customary conformity to decision making by some other power in its final stages results in the dualism of almost totalitarian imperialism and an amorphous mass culture of atomised individuals.

The main theme in our society today is competition and no truly stable society can possibly be built on such a premise. In the long term society must be based on association and co-operation.

From 1855 Western Civilization has shown signs of becoming increasingly unstable due to: technology and the displacement of labour: increased use of propaganda to brainwash people into thinking society was good and true; an increased emphasis on material desires; the increased emphasis on individualism over conformity; growing focus on quantity rather than quality; increased demand for vicarious satisfactions. As a result more and more people began to comprehend that the state was not a society with community values. This realisation brought increasing instability.

Another element of the trend towards instability in Western Civilization was the growth in weapon systems that if actually used would ensure total destruction of the planet. This in effect meant that they were effectively redundant.

In addition the expansion of the last 150 years has in essence been based on fossil fuels. The energy which gave us the industrial revolution, coal – oil – natural gas – represented the combined savings of four weeks of sunlight that managed to be accumulated on earth out of the previous three billion years of sunshine. This resource instead of being saved has been lost. Gone forever never to return.

The fundamental all pervasive cause of World instability today is the destruction of communities by the commercialization of all human relationships and the resulting neurosis and psychosis.

Medical science and all the population explosions have continued to produce more and more people while the food supply and the supply of jobs are becoming increasingly precarious, not only in the United States, but everywhere, because the whole purpose of using fossil fuels in the corporate structure is the elimination of jobs.

Another reason for the instability of the Western system is that two of the main areas of sovereignty are not included in the state structure: control of credit/banking and corporations. These two elements are therefore free of political controls and responsibility. They have largely monopolized power in Western Civilization and in American society. They are ruthlessly going forward to eliminate land, labour, entrepreneur-management skills and everything else the economists once told us were  the chief elements of production. The only element of production they are concerned with is the one  they control: capital. Thus capital intensification has destroyed food, manufacturing, farming and  communities. All these processes create frustrations on every level of modern human experience and result in the instability and disorder we see around everyday.

Today in America there is a developing constitutional crisis. The three branches of government set up in 1789 do not contain the eight aspects of sovereignty. As a result each has tried to go outside the sphere in which it should be restrained. The constitution completely ignores, for example, the administrative power. As a result the courts, in particular the Supreme court, is making decisions it should not be making.  In addition the President, who by the constitution should be easily  impeached, has become all powerful to such an extent that the office is now as basically Imperial.

However, to me the most obvious flaw in our constitutional set-up is the fact that the federal government does not have control over money and credit and does not have control over corporations. It is therefore not really sovereign and is not really responsible.

The final result is that the American people will unfortunately prefer communities. They will cop or  opt out of the system. Today everything is a bureaucratic structure, and brainwashed people who are not personalities are trained to fit into it and say it is a great life but I think otherwise.

Do not be pessimistic. Life goes on; life is fun. And if a civilization crashed it deserves to. When Rome fell the Christian answer was. “Create your own communities.”

Source: The Oscar Iden Lecture Series Georgetown University Library
Prof. Carroll Quigley
 Lecture 3
“The State of Individuals”

Full lecture is available in the essay section on the Wealthbuilder.ie website.

 A copyright dispensation to quote from this publication was granted by Georgetown University to Christopher M. Quigley.

By Christopher M. Quigley
B.Sc., M.M.I.I. Grad., M.A.
http://www.wealthbuilder.ie

Mr. Quigley was born in 1958 in Dublin and holds a Batchelor Degree in Accounting and Management from Trinity College/College of Commerce, Dublin and is a graduate of the Marketing Institute of Ireland. He commenced investing in the Stock Market in 1989. in Belmont, California where he lived for 6 years. He developed the Wealthbuilder investment and trading course over the last decade as a result of research, study, experience and successful application. This course marries Fundamental Analysis with Technical Analysis and focuses on 3 specific approaches. Namely: Momentum, Value and Pension Strategies.

Mr. Quigley is now based in Dublin, Ireland and Tampa Bay, Florida.

© 2010 Copyright Christopher M. Quigley - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Christopher M. Quigley Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Mary
23 Oct 10, 23:42
Money and Constitutional 'set up'

Hello from Nebraska, Mr.Quigley

I enjoy your work very much. Please keep writing and sharing. You're brilliant!

Question: Should I pay off my house? Is this a wiser way of investing my money... ahead of metals, commodities, etc?

Kind Regards,

Mary


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