Tickling the Dragon's Tail

Posted by dwlievert 5 years, 2 months ago to Economics
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Friends:

As we await the monumental folly embodied in the imminent FED announcement on “interest rate” policy, I thought I would resend one of my articles published in 2012.

It relentlessly should serve as a reminder…………….

Dave

TICKLING THE DRAGON’S TAIL

JEKYLL & "HIDE"



Give me control of a nation's money and I care not who makes its laws.
– Mayer Amschel Rothschild

Nature’s Dragon

In the fifth decade of the 20th century, during the development of the Atomic bomb, scientists at Los Alamos conducted an on-going series of sobering experiments. These experiments were necessary in order to determine the unknown amounts/configurations of material necessary to produce a critical mass (Pile) of Uranium 235 or Plutonium 239. The experiments were described by the scientists conducting them as “tickling the dragon’s tail.”

This description was coined because the dragon, the potentially fissionable mass of uranium or plutonium, was to remain “asleep” while gently being nudged from its slumber toward criticality. As long as it remained at rest, seemingly undisturbed, it would give no indication of its potential fury. The only indication of the vast power within, a slight warmth to the touch, as it rested, seemingly dormant.

The experiments were intended to determine the parameters necessary to awaken it.

As these experimental procedures were conducted, almost exclusively by a lone scientist sitting at a table in an otherwise almost barren room, a point would be reached wherein the dragon would begin to stir. Instruments would register its’ awakening – however slight. Measurements would then be recorded and the process ended. A new series of steps would then begin.

Once the dragon had begun to initially stir, as long as the process was prudently terminated, the entire series of experiments were safe to the scientists conducting them. They were also safe for those working in conjunction with these scientists – both near and far.

Alas, as is the case with all human endeavors, accidents can occur. In the first of these accidents, a block of tungsten carbide alloy unexpectedly slipped from the hand of the scientist conducting the experiment. Until this point he had been otherwise prudently tickling said dragon.

Though the dragon stretched and never fully awakened, its tail did unexpectedly wag. As it did, it dealt a massive dose of radiation to the scientist rousing it. It also supplied high, though less severe doses of radiation to those who might be within the radius of its awesome tail.

The scientist, Harry Daghlian Jr., recognizing he was staring into the face of death, promptly thrust aside the fallen block of tungsten carbide he was using to tickle the dragon, thus coaxing it back to sleep. Had it fully awakened, in the few millionths of a second it would have taken to have done so, it would have killed everyone within the sphere of its power – perhaps miles. In this instance it was fatal only to Harry. Horrifically, it took poor Harry an agonizing twenty-six days to die from the dragon’s inadvertent rousing.

Such can be the price for an otherwise honest and simple error. The price for an intentional and more complex one however, will be just as fatal to some, but far, far, more widespread to those of us who remain “afar.”

Human Nature’s Dragon

Earlier, in but the second decade of the 20th century, our country had begun a different series of experiments. These experiments might be described as the tickling of quite another dragon’s tail. This particular dragon arises through the relentless machinations of human nature, not directly through nature herself.

This dragon’s Elemental mass is not Uranium 235 or Plutonium 239, but far more fragile. Its potential power nonetheless is almost limitless.

Friedrich Hayek went to great lengths to describe it and characterized its “enablers, "The Fatal Conceit." Its actual embodiment, brought into existence by its initial “handlers,” is recounted in G. Edward Griffin’s “The Creature from Jekyll Island.”

The raw materials for this dragon begin with the all too abundant human “elements” of Arrogance 57, and Conceit 88. When combined with humanity’s universal elements-of-pursuit, Money 101, and its corollary, Power 202, they create the alloy containing and nourishing a potentially critical mass (Pile) of said Money 101.

The appointed handlers of this dragon predictably had to reject the more stable and naturally-occurring Elements of money, Ag47 (silver) and Au79 (gold), in favor of a far more volatile element. This substitute element now permeates all aspects of said dragon. Unlike silver and gold which come laboriously from the ground, it instead comes from trees.

I have designated it in “Dave’s Periodic Table-of-Human-Follies” as Pain1, where Pa is paper, In is ink - with 1 designating the first isotope of an otherwise unlimited variation of said element, this particular isotope being called "dollars."

Using this element, the construction of this monetary Pile of Pain1 was thus instituted via 25 regional branch banks under the purview of 12 district banks, led by a Board of 7 Governors, headed by the Chairman of the entire organization. The Chairman and a limited number of the 7 Governors are appointed by their Handler-in-Chief, the President. The remainder is groomed and appointed as deemed expedient by the organization’s leadership.

This leadership of economists/bankers number less than 200 properly-educated, similarly-trained, duly-approved, administrators. Each, touting the catechism of Keynesian true-believers, these economic and banking alchemists, preach dogma using “econo-speak,” as they manipulate the dragon’s nervous system.

It is also the nervous system of our entire economy.

Stimulus/Response

This nervous system is the money with which we each conduct almost all of our affairs. Mathematically, money is simply the common denominator against which the endless unique numerators of human life, together with almost all of the fractional values of human existence, are measured.

It is also an absolutely essential, though potentially fissile material, whereby the productive power of Man’s mind is rewarded and given additional power to further create - yet not necessarily immediately produce; further granting him the power to passively consume & enjoy, yet allowing him not to be fearful as he does so. Each of these capacities, made possible by stable money, is normally confined within strict and objectively determinable limits.

Today’s money, this product of Man’s experiments, is but an imposter of money - not Elemental money itself. This potentially critical imposter goes hand-in-hand with the unrelenting efforts of some among us to pursue the ruinously insatiable goal of getting something-for-nothing. In so doing, these experiments allow for the replacing of “objectively determinable limits,” with subjectively desired limits.

Experimenting with Pain1, much as did poor Harry with Pu239, its handlers sit at tables in which they are fed an array of technical data/information, ostensibly to monitor the dragon’s metabolism. Its health is thought to be reflected by economic growth and stability. In response to said data they tweak its nervous system by adjusting the parameters of the Pile’s “critical mass,” while trying to assure that the dragon does not inadvertently and destructively stir.

There is however, another important monitor. Tho


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