Religious Minds at Work

Martin Armstrong has more evidence of the sheer stupidity of the people running the International Monetary Fund:

The arrogance of those in power is typically beyond belief. Those in the International Monetary Fund have been so biased that their own refusal to review what is going on within Europe has been a great contributor to the demise of the Eurozone. It has now been acknowledged that the IMF’s top staff misled their own board based upon biased misjudgments concerning Greece. Their pro-euro stance blinded them, for they never considered that the structure of the Eurozone might be wrong. They ignored all the warning signs of an impending crisis because they simply never understood modern monetary/currency theory. The IMF lacks anyone with basic trading experience on how the currency markets function and that is the cause of this problem. (My boldening)

The inability to admit the possibility that the policy and theory might be wrong is the hallmark of the religious mind.

Religious minds think only in prescribed ideas permitted by their authority as codified in the litturgy, holy books or text books.  Nor are they able to innovate since innovation implies that dogma may be wrong. And they can’t change their minds either.

What a stupendous socialist schmozzle the EU is.

About Louis Hissink

Retired diamond exploration geologist. I spent my professional life looking for mineral deposits, found some, and also located a number of kimberlites in NSW and Western Australia. Exploration geology is the closest one can get to practicing the scientific method, mineral exploration always being concerned with finding anomalous geophysical or geochemical data, framing a model and explanation for the anomaly and then testing it with drilling or excavation. All scientific theories are ultimately false since they invariably involved explaining something with incomplete extant knowledge. Since no one is omniscient or knows everything, so too scientific theories which are solely limited to existing knowledge. Because the future always yields new data, scientific theories must change to be compatible with the new data. Thus a true scientist is never in love with any particular theory, always knowing that when the facts change, so too must he/she change their minds.
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One Response to Religious Minds at Work

  1. THX1138 says:

    Indeed. However the entire IMF is a criminal organization, creating chaos in countries, bribing officials, even killing officials in order to dominate the country’s physical wealth, using the criminal system of fiat money, money created out of thin air, at interest, and where the so-called interest money is not created, making a non-repayable “debt”. And so, any blindness might, at best, be called willful ignorance instead. But I don’t think they are blind at all. They are purposeful and methodical and ruthless in their destruction of human civilization.

    Like

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