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Doug Casey on Social Media: “Facebook enshrines stupidity”

“Just as Myspace was displaced by Facebook, I predict Facebook 2.0 will come along and replace Facebook.”

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Authored by Joel Bowman via InternationalMan.com:


Joel Bowman: G’day, Doug. Thanks for speaking with us today.

Doug Casey: No problem, Joel. It’s a pleasure to hear your Australian accent come across the ether from Mexico.

Joel: Let’s dive right in. A week or two ago, Facebook registered the largest single day loss for any one company in stock market history – roughly $122 billion. CEO Mark Zuckerberg lost around $15 billion himself, as much as the annual GDP of several resource-rich, West African nations.

Looking back to 2000, during the go-go days of the dot.com boom, Intel and Microsoft both registered staggering single-day losses, too… $90 billion and $80 billion, respectively. And we know what happened next in that case…

So, investors want to know… is past prologue? What’s next for Silicon Valley’s tech darlings?

Doug: Talking about losing multiple billions in a single day, it’s really a sign of the times. I remember when the only billionaires in the world were Howard Hughes, John Paul Getty and John Beresford Tipton– the mythical billionaire on a 1950’s-era show called “The Millionaire.”

These days, however, it seems everyone’s a billionaire. In fact, there are several thousand billionaires roaming the planet today, with new ones being minted almost every day.

Of course, much of this so-called wealth is just paper. It’s not real. In fact, it’s pretty clear to me that we’re in a stock market bubble. Which is being driven by the bond market hyper-bubble. And that, in turn, is fueling a real estate bubble, which I believe is just now beginning to deflate in major cities around the world.

None of this augurs well for the stock market. You’ve got bubbles all over the place. Except in the resource market. That’s the one place that hasn’t inflated. In fact, it’s been going down since it’s last peak in 2011.

Getting back to Facebook, I hope it goes bankrupt. I hate it as an institution. I hate what it does. I don’t like its policies. I don’t like its management. I don’t like the fact that it’s causing people to destroy whatever privacy they have left. While turning their brains to mush sending out selfies all day.

Joel: You’ve put a lot on the table there, Doug. Let’s unpack a bit of that, starting with the general tendency toward cerebral rot…

Many younger readers may not remember this, but there actually existed a time before everybody knew everything, when people had to read books and discuss them, engage in healthy debate and rigorous dialectic in order to learn and develop intellectually.

Now that everyone apparently has plenty of time to Instagram their kale salads and “like” one and other’s cat pictures, are we to assume mankind has finally reached the End of Learning…some new Age of Enlightenment?

Or might Facebook and its (anti)social media cousins represent – in addition to the potential fallout for investors – another, hidden cost to society?

Doug: Perhaps humanity is bifurcating into the Morlocks and the Eloi at this point. It’s true that people used to go to libraries. But even the Library of Congress has only a tiny fraction the world’s data available; libraries are quaint and delightful, but they’re dinosaurs.

All the knowledge in the world is now at our fingertips on the Internet. The Internet is one of the greatest inventions in history, on a par with moveable type and the Gutenburg printing press. A few people are using it to educate and better themselves—but relatively few.

Most people just use it for trivial amusement, as you mentioned. Facebook adds very little value to the equation. In fact, I can’t see that it does much that’s productive. It’s basically a vehicle for gossip and watching cat videos.

Joel: And it’s less than that. Aside from the general degradation of public discourse, social media also represents a kind of unalterable historical record of bad jokes and regrettable moments, accessible to anyone who may wish to besmirch one’s character or skittle one’s reputation.

We’ve all said things we wish we hadn’t. To err is to be human, after all. What do you make of a world in which everyone’s worst moments are readily available to everyone else – including potential enemies – at the click of a mouse?

Doug: Facebook enshrines stupidity. A heavy Facebook user is, in effect, saying: “Look at me! I’m a thoughtless person who doesn’t have anything better to do with his time”. That’s on top of the fact that users are exposing their thoughts, actions, and whereabouts to the NSA, the FBI, the CIA and any of a hundred other nefarious agencies. In fact, there are credible allegations that Facebook, along with Google and Amazon, are willing tools of these intelligence agencies. No good can come of being a Facebookista.

But that’s about whether you should use Facebook. Whether you should own Facebook stock is a different question. Even after the recent selloff, Facebook still has a market cap of about $500 billion, which impresses me as a lot for a chat site cum advertising vehicle. Especially one where most of its growth is behind it. A lot of users are getting hip to the fact they’re not customers, they’re the product.

Facebook was a clever innovation ten years ago. But you know, there’s an old saying in the stock market: High Tech, Big Wreck!

Just as Myspace was displaced by Facebook, I predict Facebook 2.0 will come along and replace Facebook. My understanding is that kids now see Facebook as something used by old people– people over 21 years of age. So if it’s going nowhere with the younger generation, where’s it’s future? Maybe it picks up a billion new users in the Third World. Ultimately, what’s that worth?

Facebook may not be a terminal short sale, but I certainly won’t be putting any of my own money into the stock.

Joel: Assuming you’re correct and Facebook 2.0 does displace the current market leader, are you hopeful that such a platform may serve to promote a heightened level of discourse? Perhaps people might find their way into “phyles,” that is, subgroups based on commonly shared values that actually have real world meaning?

Doug: I hope that, in a year or two, International Man itself grows into a community of likeminded people with above average I.Q.s, libertarian values, and real world experience. IM might, itself, even branch off to become its own kind of Facebook. A private version.

I know there’s a lot of talk about regulating FB, or breaking it up. That’s a bad idea; the government should have zero to do with business in general—and areas related to free speech in particular. I’m disgusted by the fact FB has kicked Alex Jones and others off their platform. But they have a right to do so, as a private company. Although, on the other hand, they’re almost a creature of the State.

But that’s not an excuse for the government to “step in”. What will happen is that a newer, better Facebook lookalike—or a dozen of them—will replace them. FB will self-destruct. It’s a non-problem.

To be frank, you and I don’t really have that much in common with most of the 7.3 billion people on this planet. In fact, while I like many individual humans, I despise humanity in general. The more people you put together in a group, the more they act like chimpanzees. Big groups force down the lowest common denominator.

There’s some cause for optimism, but only on a person-to-person basis. I prefer the company of people who value free minds and free markets—and I suspect most people who are reading this now feel the same way.

Joel: That’s probably a very good note to end this conversation on, Doug. Thanks, as always, for taking the time.

Doug: Meanwhile, we’ll look for something with the potential of Facebook in 2008… and stay away from Facebook today.

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franz kafkaRick OliverJohn R. NolanVera Gottlieb Recent comment authors
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franz kafka
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franz kafka

When FaceBook first appeared I had to choose between joining, or putting my filing cabinet, with all my valuable records, tax returns, and memorabilia, out on the sidewalk for chance passers-by to do with as they willed.

I chose neither.

Rick Oliver
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Rick Oliver

Yep , I ditched FB about three months ago , because I`m very sure I was being monitored by either our local Secret Service or the FBI or even the CIA , because they are here in my country ( NZ ) manipulating and so – called teaching our Secret Service on how to spy on everybody , our prime minister of the time even admitted the network was spying on our own people and court cases regarding the Govt and the spy network have admitted it as well !!! Any was , as I was being watched , (… Read more »

Rick Oliver
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Rick Oliver

Part 2 ; Forgot to mention in my last vlog that getting rid of FB is not enough if you are on any sort of ” watch ” , they follow you through Google Gmail and You Tube as well , so really , you have to give up the whole lot and be very careful of what you purchase with your credit cards etc.

John R. Nolan
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John R. Nolan

‘Farce Book’ was an incredibly cunning means for the C.I.A., F.B.I. A.S.I.O., etc., to collect incredible amounts of personal data, on all those who have been roped into it’s evil clutches. Sadly, those who use it are only displaying how lonely, insecure, emotionally handicapped they are, for all the world to see, (if they want,) most don’t. The cognitive world recognize how many citizens, trapped in these types of ‘socialist’ therapy programs, are people to be pitied, citizens who are desperately lonely, emotionally handicapped, trapped at their keyboard, in search of some form of social recognition, according to how many… Read more »

Vera Gottlieb
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Vera Gottlieb

With more and more faces literally glued to a small screen, how much longer before these people won’t be able to recognize another human being? I distrusted FB from day one…and all the others too.

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Fake news media FREAK OUT over Trump and NATO (Video)

The Duran – News in Review – Episode 172.

Alex Christoforou

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The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the media meltdown over remarks that U.S. President Trump may have made with regard to NATO, and how neo-liberal war hawks championing the alliance as some sort of foreign policy projection of peace and democracy, are really just supporting aggression, war, and the eventual weakening of the United States.

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Top 10 Reasons Not to Love NATO, Authored by David Swanson:


The New York Times loves NATO, but should you?

Judging by comments in social media and the real world, millions of people in the United States have gone from having little or no opinion on NATO, or from opposing NATO as the world’s biggest military force responsible for disastrous wars in places like Afghanistan (for Democrats) or Libya (for Republicans), to believing NATO to be a tremendous force for good in the world.

I believe this notion to be propped up by a series of misconceptions that stand in dire need of correction.

1. NATO is not a war-legalizing body, quite the opposite. NATO, like the United Nations, is an international institution that has something or other to do with war, but transferring the UN’s claimed authority to legalize a war to NATO has no support whatsoever in reality. The crime of attacking another nation maintains an absolutely unaltered legal status whether or not NATO is involved. Yet NATO is used within the U.S. and by other NATO members as cover to wage wars under the pretense that they are somehow more legal or acceptable. This misconception is not the only way in which NATO works against the rule of law. Placing a primarily-U.S. war under the banner of NATO also helps to prevent Congressional oversight of that war. Placing nuclear weapons in “non-nuclear” nations, in violation of the Nonproliferation Treaty, is also excused with the claim that the nations are NATO members (so what?). And NATO, of course, assigns nations the responsibility to go to war if other nations go to war — a responsibility that requires them to be prepared for war, with all the damage such preparation does.

2. NATO is not a defensive institution. According to the New York Times, NATO has “deterred Soviet and Russian aggression for 70 years.” This is an article of faith, based on the unsubstantiated belief that Soviet and Russian aggression toward NATO members has existed for 70 years and that NATO has deterred it rather than provoked it. In violation of a promise made, NATO has expanded eastward, right up to the border of Russia, and installed missiles there. Russia has not done the reverse. The Soviet Union has, of course, ended. NATO has waged aggressive wars far from the North Atlantic, bombing Bosnia and Herzegovina, Kosovo, Serbia, Afghanistan, Pakistan, and Libya. NATO has added a partnership with Colombia, abandoning all pretense of its purpose being in the North Atlantic. No NATO member has been attacked or credibly threatened with attack, apart from small-scale non-state blowback from NATO’s wars of aggression.

3. Trump is not trying to destroy NATO. Donald Trump, as a candidate and as U.S. President, has wondered aloud and even promised all kinds of things and, in many cases, the exact opposite as well. When it comes to actions, Trump has not taken any actions to limit or end or withdraw from NATO. He has demanded that NATO members buy more weapons, which is of course a horrible idea. Even in the realm of rhetoric, when European officials have discussed creating a European military, independent of the United States, Trump has replied by demanding that they instead support NATO.

4. If Trump were trying to destroy NATO, that would tell us nothing about NATO. Trump has claimed to want to destroy lots of things, good and bad. Should I support NAFTA or corporate media or the Cold War or the F35 or anything at all, simply because some negative comment about it escapes Trump’s mouth? Should I cheer for every abuse ever committed by the CIA or the FBI because they investigate Trump? Should I long for hostility between nuclear-armed governments because Democrats claim Trump is a Russian agent? When Trump defies Russia to expand NATO, or to withdraw from a disarmament treaty or from an agreement with Iran, or to ship weapons to Ukraine, or to try to block Russian energy deals in Europe, or to oppose Russian initiatives on banning cyber-war or weapons in space, should I cheer for such consistent defiance of Trump’s Russian master, and do so simply because Russia is, so implausibly, his so-inept master? Or should I form my own opinion of things, including of NATO?

5. Trump is not working for, and was not elected by, Russia.According to the New York Times, “Russia’s meddling in American elections and its efforts to prevent former satellite states from joining the alliance have aimed to weaken what it views as an enemy next door, the American officials said.” But are anonymous “American officials” really needed to acquire Russia’s openly expressed opinion that NATO is a threatening military alliance that has moved weapons and troops to states on Russia’s border? And has anyone produced the slightest documentation of the Russian government’s aims in an activity it has never admitted to, namely “meddling in American elections,” — an activity the United States has of course openly admitted to in regard to Russian elections? We have yet to see any evidence that Russia stole or otherwise acquired any of the Democratic Party emails that documented that party’s rigging of its primary elections in favor of Clinton over Sanders, or even any claim that the tiny amount of weird Facebook ads purchased by Russians could possibly have influenced the outcome of anything. Supposedly Trump is even serving Russia by demanding that Turkey not attack Kurds. But is using non-military means to discourage Turkish war-making necessarily the worst thing? Would it be if your favorite party or politician did it? If Trump encouraged a Turkish war, would that also be a bad thing because Trump did it, or would it be a bad thing for substantive reasons?

6. If Trump were elected by and working for Russia, that would tell us nothing about NATO. Imagine if Boris Yeltsin were indebted to the United States and ended the Soviet Union. Would that tell us whether ending the Soviet Union was a good thing, or whether the Soviet Union was obsolete for serious reasons? If Trump were a Russian pawn and began reversing all of his policies on Russia to match that status, including restoring his support for the INF Treaty and engaging in major disarmament negotiations, and we ended up with a world of dramatically reduced military spending and nuclear armaments, with the possibility of all dying in a nuclear apocalypse significantly lowered, would that too simply be a bad thing because Trump?

7. Russia is not a military threat to the world. That Russia would cheer NATO’s demise tells us nothing about whether we should cheer too. Numerous individuals and entities who indisputably helped to put Trump in the White House would dramatically oppose and others support NATO’s demise. We can’t go by their opinions either, since they don’t all agree. We really are obliged to think for ourselves. Russia is a heavily armed militarized nation that commits the crime of war not infrequently. Russia is a top weapons supplier to the world. All of that should be denounced for what it is, not because of who Russia is or who Trump is. But Russia spends a tiny fraction of what the United States does on militarism. Russia has been reducing its military spending each year, while the United States has been increasing its military spending. U.S. annual increases have sometimes exceeded Russia’s entire military budget. The United States has bombed nine nations in the past year, Russia one. The United States has troops in 175 nations, Russia in 3. Gallup and Pew find populations around the world viewing the United States, not Russia, as the top threat to peace in the world. Russia has asked to join NATO and the EU and been rejected, NATO members placing more value on Russia as an enemy. Anonymous U.S. military officials describe the current cold war as driven by weapons profits. Those profits are massive, and NATO now accounts for about three-quarters of military spending and weapons dealing on the globe.

8. Crimea has not been seized. According to the New York Times, “American national security officials believe that Russia has largely focused on undermining solidarity between the United States and Europe after it annexed Crimea in 2014. Its goal was to upend NATO, which Moscow views as a threat.” Again we have an anonymous claim as to a goal of a government in committing an action that never occurred. We can be fairly certain such things are simply made up. The vote by the people of Crimea to re-join Russia is commonly called the Seizure of Crimea. This infamous seizure is hard to grasp. It involved a grand total of zero casualties. The vote itself has never been re-done. In fact, to my knowledge, not a single believer in the Seizure of Crimea has ever advocated for re-doing the vote. Coincidentally, polling has repeatedly found the people of Crimea to be happy with their vote. I’ve not seen any written or oral statement from Russia threatening war or violence in Crimea. If the threat was implicit, there remains the problem of being unable to find Crimeans who say they felt threatened. (Although I have seen reports of discrimination against Tartars during the past 4 years.) If the vote was influenced by the implicit threat, there remains the problem that polls consistently get the same result. Of course, a U.S.-backed coup had just occurred in Kiev, meaning that Crimea — just like a Honduran immigrant — was voting to secede from a coup government, by no means an action consistently frowned upon by the United States.

9. NATO is not an engaged alternative to isolationism. The notion that supporting NATO is a way to cooperate with the world ignores superior non-deadly ways to cooperate with the world. A nonviolent, cooperative, treaty-joining, law-enforcing alternative to the imperialism-or-isolationism trap is no more difficult to think of or to act on than treating drug addiction or crime or poverty as reason to help people rather than to punish them. The opposite of bombing people is not ignoring them. The opposite of bombing people is embracing them. By the standards of the U.S. communications corporations Switzerland must be the most isolationist land because it doesn’t join in bombing anyone. The fact that it supports the rule of law and global cooperation, and hosts gatherings of nations seeking to work together is simply not relevant.

10. April 4 belongs to Martin Luther King, Jr., not militarism. War is a leading contributor to the growing global refugee and climate crises, the basis for the militarization of the police, a top cause of the erosion of civil liberties, and a catalyst for racism and bigotry. A growing coalition is calling for the abolition of NATO, the promotion of peace, the redirection of resources to human and environmental needs, and the demilitarization of our cultures. Instead of celebrating NATO’s 70thanniversary, we’re celebrating peace on April 4, in commemoration of Martin Luther King Jr.’s speech against war on April 4, 1967, as well as his assassination on April 4, 1968.

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Turkey prepared to take Syria’s Manbij, won’t let it turn into ‘swamp’ like N. Iraq

Turkey sees the US-backed Kurdish YPG militias as an extension of the PKK and considers them terrorists as well.

RT

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Ankara has “almost completed” preparations for another military operation in Syria and will launch it if “promises” made by other parties about the protection of its borders are not kept, President Recep Tayyip Erdogan has said.

Turkey still hopes that talks with the US, Russia and “other parties” will allow it to ensure its security without resorting to force but it is still ready to proceed with a military option and will not “wait forever,” Erdogan said. He was referring to Ankara’s plans for the northern Syrian territories east of the Euphrates River, which it seeks to turn into a “security zone”free of any Kurdish militias.

“We are on our border with our forces and following developments closely. If promises made to us are kept and the process goes on, that’s fine. Otherwise, we inform that we have almost completed our preparations and will take steps in line with our own strategy,” the president said, addressing a group of businessmen in Ankara on Monday.

He did not elaborate on the promises made. However, they are apparently linked to the withdrawal of the Kurdish YPG militia from the Manbij area and the regions along the border with Turkey. “We will never allow a safe zone to turn into a new swamp,” Erdogan said, referring to the northern Syrian territories and comparing them to the northern Iraq, where the militants from the Kurdistan Workers’ Party (PKK) – an organization that Ankara considers a terrorist group – have been entrenched for decades.

Turkey sees the US-backed Kurdish YPG militias, which form the backbone of the so-called Syrian Democratic Forces (SDF), as an extension of the PKK and considers them terrorists as well. “Our proposal for a security zone under Turkey’s control aims to keep terror organizations away from our borders,” the Turkish president said.

He went on to explain that Ankara does not seek any territorial gains in its military campaigns in Syria but merely seeks to restore order in the war-ravaged country. “We will provide security for Manbij and then we will hand over the city to its real owners,” Erdogan said. “Syria belongs to Syrians.”

Turkey also seeks to establish a “security zone 20 miles [32 kilometers] deep” into Syria, Erdogan said, adding that he already discussed this issue with the US President Donald Trump. “Those who insistently want to keep us away from these regions are seeking to strengthen terror organizations,” he added.

Ankara has been long planning to push YPG units out of the area east of the Euphrates River. Its operation was delayed by the US withdrawal from Syria. However, Erdogan repeatedly hinted that his patience is wearing thin and he is not ready to wait much longer. He warned Trump against backtracking on his pledge to withdraw some 2,000 US forces out of Syria following a suicide attack in Manbij that killed four Americans. If the US president halted the withdrawal, it would mean that Islamic State (formerly ISIS/ISIL) had won, Erdogan argued.

He has also reiterated that Turkey is ready to take over Manbij “without delay.” The US military is currently working on security arrangements with the Turkish forces to create a buffer zone between Turkey and the Kurdish fighters. The Kurds, meanwhile, invited the Syrian government to take over the city and have reportedly begun to leave the area. Turkey has dismissed the reports saying its a “psyop”.

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Political Knives Dull Themselves on the Rock of Brexit Article 50

The invocation of Article 50 was undertaken by an act of Parliament. And it will take another act of Parliament to undo it.

Strategic Culture Foundation

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Authored Tom Luongo via Strategic Culture Foundation:


Theresa “The Gypsum Lady” May went through an extraordinary twenty-four hours. First, seeing her truly horrific Brexit deal go down in historic defeat and then, somehow, surviving a ‘No-Confidence’ vote which left her in a stronger position than before it.

It looks like May rightly calculated that the twenty or so Tory Remainers would put party before the European Union as their personal political positions would be terminally weakened if they voted her out of office.

While there is little stomach in the British Parliament for a ‘no-deal’ Brexit, there is less for allowing Labour leader Jeremy Corbyn to become Prime Minister. And that is the crux of why the incessant calls to delay Brexit, call for a ‘people’s vote’ or, in Corbyn’s case, “take a no-deal Brexit off the table,’ ultimately lead to a whole lot of political knife-fighting and very little substantive action.

The day-to-day headline spam is designed to wear down people’s resistance and make it feel like Brexit getting betrayed is inevitable. That has been the British Deep State’s and EU’s game plan all along and they hoped they could arm-twist enough people in parliament to succeed.

But the problem for them now, since the clock has nearly run out, is the invocation of Article 50 was undertaken by an act of Parliament. And it will take another act of Parliament to undo it.

And I don’t see anyone on the Remainer side working towards that end. That should be your clue as to what happens next.

Why? Because they know they don’t have the time to get that act past Parliament. So, the rest of this is simply a PR campaign to push public opinion far enough to allow for an illegal canceling or postponing of Brexit.

But it’s not working.

According to the latest polls, Brits overwhelmingly want the original Brexit vote respectedLeave even has a 5-6 point lead over Remain.

And, I think Theresa May now realizes this. It is why she invited the no-confidence vote against her. She knew she had the votes and it would give her the ammunition to ignore Corbyn’s hysterical ranting about taking a no-deal Brexit off the table.

Whether she realizes that the only negotiating tool she has with the EU is the threat of a No-Deal Brexit, exactly like Nigel Farage and those committed to Brexit have been telling her for two years is still, however, up in the air.

It looks like she’s finally starting to get it.

The net result is we are seeing a similar outing of the nefarious, behind-the-scenes, power brokers in the public eye similar to what’s been happening in the US with Donald Trump and Russiagate.

May has been singularly unimpressive in her handling of Brexit. I’ve been convinced from the beginning that betraying Brexit was always her goal. Negotiating a deal unacceptable to anyone was meant to exhaust everyone into the position to just throwing up their hands and canceling the whole thing.

The EU has been in the driver’s seat the entire time because most of the British establishment has been on their side and it was only the people who needed to be disrespected.

So, after all of these shananigans we are back to where we were last week. May has cut off all avenues of discussion. She won’t commit to taking ‘no-deal’ off the table to tweak Corbyn. She won’t substantively move on any other issue. This is likely to push her deal through as a last-minute panic move.

Corbyn is still hoping to get new elections to take power, and the majority of MP’s who don’t want to leave the EU keep fighting among themselves to cock up the entire works.

All they are doing is expending pound after pound of political capital beating themselves against their own act of Parliament which goes into effect on March 29th.

By the time that date comes around the frustration, shame and humiliation of how Parliament has mishandled Brexit will make it difficult for a lot of Remainers to hold together their majority as public opinion has decidedly turned against them.

In the past the EU has had that façade of democratic support undermining any change at the political level. With Brexit (and with budget talks in Italy) that is not the case. The people are angry.

The peak moment for Remainers to stage a bipartisan political coup against May should have been the most recent no-confidence vote.

With May surviving that it implies that Remainers are not willing to die politically for their cause.

This should begin to see defectors over the next couple of weeks as they realize they don’t have a hand to play either.

And by May refusing to rule out a ‘no-deal’ Brexit it has finally brought the EU around to throw a bone towards the British. Their admitting they would extend Article 50 is just that. But they know that’s a non-starter as that is the one thing May has been steadfast in holding to.

On March 29th with or without a deal the U.K. is out of the EU. Because despite the European Court of Justice’s decision, Britain’s parliament can only cancel Article 50 at this point by acting illegally.

Not that I would put that past these people, but then that opens up a can of worms that most British MP’s will not go along with. The personal stakes are simply too high.

When dealing with politicians, never bet against their vanity or their pocketbook. In May’s case she may finally have realized she could have the legacy of getting Britain out of the EU just before it collapses.

And all she has to do between now and the end of March is, precisely, nothing.

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