Findings & Forecasts 04/24/2013: Technocracy

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Tech­noc­racy is Economics

Some people wonder why I write about Tech­noc­racy when the main focus of Find­ings & Fore­casts is the economy. Let me be clear about this: Tech­noc­racy is an eco­nomic system (with polit­ical and social over­tones) that is being increas­ingly imple­mented in the United States and around the world. It demands our atten­tion and scrutiny, espe­cially since there has been no public policy or eco­nomic debate what­so­ever. It cannot be debated if there is no iden­ti­fi­ca­tion or larger recognition.

Tech­noc­racy as an eco­nomic theory was for­mal­ized in the 1930’s by a group known as Tech­noc­racy, Inc. Founded by M. King Hub­bard (the Peak Oil Theory guy in the 1950’s) and Howard Scott (a pseudo-engineer and pro­moter), Tech­noc­racy was care­fully defined in a widely pub­lished work, Tech­noc­racy Study Course. Designed to be admin­is­trated by sci­en­tists, engi­neers and tech­ni­cians, Tech­noc­racy insisted that politi­cians were not capable of making good deci­sions about tech­nology they knew nothing about.

When Technocracy called for Roosevelt to be dictatorFranklin Delano Roo­sevelt was elected in 1933 on his “New Deal” plat­form, the only other likely plat­form would have been Tech­noc­racy. It was lucky for us that FDR rejected the utopian goals of Tech­noc­racy for a greatly watered down ver­sion in his so-called New Deal.

Henry Porter, author of Roo­sevelt and Tech­noc­racy in 1932, declared “Just as the Ref­or­ma­tion estab­lished Reli­gious Freedom, just as the Dec­la­ra­tion of Inde­pen­dence brought about our Polit­ical Freedom, Tech­noc­racy promises Eco­nomic Freedom.” [Fore­ward, iii]  Among other things, Porter pro­posed to abolish the gold stan­dard, sus­pend the stock exchanges, and nation­alize public util­i­ties, after which he concluded,

“And then, a national awak­ening which, overnight, may well be expected to herald the news to every corner of the nation of the inau­gu­ra­tion of the ‘new deal’ by FRANKLIN D. ROOSEVELT — DICTATOR. Drastic as these changes from the present order of things may be, they will serve their pur­pose if only to pave the way for the Eco­nomic Rev­o­lu­tion — and TECHNOCRACY.” [caps in original]

In this writer’s con­sid­ered opinion, Porter’s envi­sioned “Eco­nomic Rev­o­lu­tion” fore­shad­owed the Tri­lat­eral Commission’s self-imposed man­date to create a “New Inter­na­tional Eco­nomic Order” in 1973.  Tri­lat­eral co-founder Brzezinski’s sem­inal work, Between Two Ages: America’s Role in the Tech­netronic Era, was little more than a para­phrased ver­sion of 1930’s Technocracy.

If Tech­noc­racy is indeed asserting itself on today’s eco­nomic affairs, then it should become the hottest and most debated topic of the day — but it is not! That’s why this writer con­tinues to present evi­dence that shows it is not only asserting itself, but it is rapidly coming to dom­i­nate the entire glob­al­ized eco­nomic system.

H.R. 624 — Cyber Intel­li­gence Sharing and Pro­tec­tion Act (CISPA)

CISPA passed in the House of Rep­re­sen­ta­tives by a vote of 227 – 192 on April 17, and has now moved on to the Senate. The leg­is­la­tion was co-authored by Rep. Mike Rogers (R-MI) and “Dutch” Rup­pers­berger (D-MD), and osten­sibly came from almost iden­tical leg­is­la­tion that was rejected in April 2012. There were 37 co-sponsors.

The essence of CISPA is that it gives blanket per­mis­sion to pri­vate com­pa­nies to share cus­tomers’ pri­vate data with the gov­ern­ment. The pri­vate com­pany cannot be legally com­pelled by the gov­ern­ment to pro­vide data if it chooses to not to. The biggest obstacle now removed is “exemp­tion from lia­bility,” where a com­pany can be sued blind for revealing secret and pri­vate data to anyone, including the gov­ern­ment. On page 20, the bill states,

(3) EXEMPTION FROM LIABILITY

       “(A) EXEMPTION. — No civil or crim­inal cause of action shall lie or be main­tained in Fed­eral or State court against a pro­tected entity, self-protected entity, cyber­se­cu­rity provider, or an officer, employee, or agent of a pro­tected entity, self-protected entity, or cyber­se­cu­rity provider, acting in good faith…”

Given that cyber­se­cu­rity events are hap­pening on a 24x7 basis, once the gov­ern­ment is tapped into a pri­vate data pool, it could main­tain a con­tin­uous and real-time transfer of data to gov­ern­ment super-computers, such as the new NSA data center cur­rently nearing com­ple­tion in Utah. This new com­puter center is report­edly capable of storing 5 zettabytes of data, where one zettabyte is defined as 10 to the 21st power. As of 2012, no com­puter in the world had yet achieved even one zettabyte of storage.

How big is a zettabyte? A tech­nology reporter sug­gested that one zettabyte is the equiv­a­lent of 62 mil­lion stacked iPhone 5’s that would stretch past the moon. Inter­na­tional Data Cor­po­ra­tion esti­mates that all cur­rent global data grew to 2.7 zettabytes in 2012, so the NSA center will lit­er­ally be able to hold all existing dig­ital infor­ma­tion in the world, with years of room to grow.

If this leg­is­la­tion even­tu­ally passes in the Senate, the skids are greased to aggre­gate all data on every person in the United States. In spite of claims por­tending to fight ter­rorism or cyber­crime, CISPA is the largest data grab in the his­tory of the world.

How will data be col­lected? The feeder system is already in place.

Between 2003 – 2007, the Depart­ment of Home­land Secu­rity, in coop­er­a­tion with the FBI and CIA, have already estab­lished a net­work of 53 pri­mary “fusion cen­ters” around the nation. According to the DHS website,

“Pri­mary fusion cen­ters serve as the focal points within the state and local envi­ron­ment for the receipt, analysis, gath­ering, and sharing of threat-related infor­ma­tion and have addi­tional respon­si­bil­i­ties related to the coor­di­na­tion of crit­ical oper­a­tional capa­bil­i­ties across the statewide fusion process with other rec­og­nized fusion cen­ters. Fur­ther­more, pri­mary cen­ters are the highest pri­ority for the allo­ca­tion of avail­able fed­eral resources, including the deploy­ment of per­sonnel and con­nec­tivity with fed­eral data sys­tems. [emphasis added]

These fusion cen­ters cul­ti­vate rela­tion­ships with pri­vate enter­prises in order to shovel infor­ma­tion to and between fed­eral, state and local law enforce­ment agen­cies. While some defend the exis­tence of these fusion cen­ters, the Senate Home­land Secu­rity and Gov­ern­mental Affairs per­ma­nent sub­com­mittee on inves­ti­ga­tions released a scathing 141 page report that stated, “In reality, the Sub­com­mittee inves­ti­ga­tion found that the fusion cen­ters often pro­duced irrel­e­vant, use­less or inap­pro­priate intel­li­gence reporting to DHS, and many pro­duced no intel­li­gence reporting whatsoever.”

If fusion cen­ters do nothing useful to combat ter­rorism, then why are they allowed to con­tinue and what are they really doing? Simply put, they are the feeder points for the mas­sive data col­lec­tion effort being pushed by the Fed­eral government.

You may wonder, what does this have to do with Tech­noc­racy? Well, every­thing. Three of the core require­ments that are nec­es­sary to imple­ment Tech­noc­racy are found in that 1932 doc­u­ment, Tech­noc­racy Study Course:

  • “Pro­vide a con­tin­uous inven­tory of all pro­duc­tion and consumption
  • “Pro­vide a spe­cific reg­is­tra­tion of the type, kind, etc., of all goods and ser­vices, where pro­duced and where used
  • “Pro­vide spe­cific reg­is­tra­tion of the con­sump­tion of each indi­vidual, plus a record and descrip­tion of the indi­vidual.” [Scott, Howard et al, Tech­noc­racy Study Source, p. 232]

These require­ments are about to be met in full for the first time in his­tory: Full, unim­peded flow of all per­sonal data and com­mu­ni­ca­tions to a cen­tral pro­cessing authority.

This is Tech­noc­racy. It is not cap­i­talism, com­mu­nism or fas­cism even though it has some resem­blance to each. It is total­i­tarian. It is not run by elected politi­cians or rep­re­sen­ta­tives of the people of the nation, but rather by sci­en­tists, engi­neers and tech­ni­cians who have their own agenda for soci­etal engineering.

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Market

Last week I wrote, “Patience is still called for because addi­tional trend-change con­fir­ma­tion is needed for stocks. After a little con­sol­i­da­tion to relieve the over­sold con­di­tion, expect fur­ther declines.”

The bounce fol­lowing the first leg down that ended on April 18, has car­ried to a 2/3 retrace­ment before stalling. If prices drop from here, con­firming that the counter-trend wave 2 is com­pleted, then wave 3 is straight ahead. This could result in a sharp decline of 800 – 1,000 points off the DJIA, with com­pa­rable amounts lost in the other major indexes. If a more com­plex cor­rec­tion develops, remember that there are 11 pos­sible pat­terns that are iden­ti­fied in the Elliott Wave Principle.

Given that momentum and internal indi­ca­tors are weak­ening, not strength­ening, the odds are that a decline will start shortly.

Adding to pres­sure on stocks is the con­tinued rally in the US dollar, which appears to be headed toward the 84.00 area.

Gold should be near the end of its counter-trend rally from the recent low of $1,321.50 on April 16. A solid close above $1,600 would change this thinking.

Silver has also bounced from its low of $21.99 on April 16, but has greatly lagged gold in the mag­ni­tude of the rally. Fur­ther­more, silver has traced out a very clear fourth wave tri­angle that invari­ably leads to a fifth wave down to a more solid bottom. The ques­tion is, where would that be for silver? If it breaks $20 per ounce, then $17.50 could be a level of stronger sup­port. On the other hand, if it sur­prises and rises beyond $24, then another cor­rec­tive pat­tern will emerge. In the mean­time, it looks like silver is poised on the precipice for a fifth wave down. This should also trigger a decline in gold. Declining metals prices would put a large drag on stock prices and could create a real tail­wind to drive all stocks down.

As eco­nomic con­di­tions dete­ri­o­rate throughout the world, there will be little more good news for traders to hang their hat on. When the point of recog­ni­tion comes that global recession/depression/deflation is a reality, then the real fire­works will begin.

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