Metaphor of Meltdown (original article from 2010)
The Metaphor of Meltdown, Part 1
An Apocalypse (Greek: ἀποκάλυψις apokálypsis; "lifting of the veil" or "revelation") is a disclosure of something hidden from the majority of mankind in an era dominated by falsehood and misconception, i.e. the veil to be lifted.
We are in the midst of an apocalypse. Not the common perception of annihilation, but the original meaning of the word as described above; ‘ the disclosure of something hidden’. A collusion of government, corporations, mega media and the banking cartel, aka the Corptocracy have successfully woven a veil of falsehood and misconception. Until now.
Metaphors have a way of holding the most truth in the least space.
Novelist, Orson Scott Card
For the past 2,400 years a pattern has repeated in which governments debase and dilute their money supply until a point where the common psyche of the populace and the collective mind of a country begin to feel that something isn’t right. (italics mine) Michael Maloney
The opening page of Michael Maloney’s book ‘Rich Man’s Guide to Investing in Gold and Silver’ illustrates the effect of the common psyche on something as enormous as a nations economy. The psyche is the engine of personal and cultural transformation and the fuel that drives it is Metaphor.
Metaphor penetrates all aspects of culture. Something as extensive and institutional as the stock market employs the dynamic nature of Metaphor, for example, the Bull and Bear metaphors used to describe the trends of the market. Each animal attacks its prey in a different manner. The Bull with an upward sweep of its horns defines an upward trending market while the downward swipe of the Bear’s paw correlates to a downward trend in the market.
The Swiss German psychiatrist, Carl Gustav Jung spent his life studying the nature of the human psyche and deciphering its language of metaphor. His work illustrates how the common psyche produces metaphors to convey that which has yet to be born into the consciousness of an individual and therefore a nation. This process of transformation into a new consciousness Jung labeled ‘Individuation’.
When viewed through the lens of metaphor, the global economic debt crisis shifts from an inert fact to a possible vehicle for the transformation of self and state. In terms of the state, Metaphor allows us to hack through the jungle of corporate media misinformation, block out the orchestrated cacophony of consumer noise and
with the focus of an archeologist, discover beneath the layers of delusion, a foundation of meaning strong enough to contain a personal transformation, thus producing the fuel for a collective rebellion
Gold, the metal of value
All the gold, which is under or upon the earth, is not enough to give in exchange for virtue.
Jung noted that the organizing faculty of the individual psyche is the Ego. In order for the Ego to function in a healthy state it must be related to a personal sense of grounded value. For over 5000 years, in the psyche of the human race, the perennial metaphor for this value has been gold.
Admiration for the yellow metal crosses all cultural boundaries in ways that no other substance does. In the dark ages illumination was manifest through the golden crown of the King. The coronation was a ‘solificatio’ (sol – Latin for the sun) signifying the sun and its force of life and fertility, which, in the crowning of a sovereign, was conferred upon the whole Kingdom.
While in the most mysterious of human expressions, religious devotion, whether; Hindu, Buddhist, Christian, Muslim, Jew or a host of other sects – gold is the object of adornment in the sacrament of religious artifacts. In a monetary application, gold evolved into the primary unit of currency through out the planet (until 1971). Where food and water are required for survival, gold in metaphor and physical fact are required to sustain value in the hearts and pockets of the human race. It is no surprise that Jung’s study of Individuation revealed gold as the metaphor for Soul.
Found deep in the psyche and deep in the ground, gold provides a connection to the earth. Humus, the organic matter of the earth, is where we discover the word ‘humility’- being grounded in a sense of value, the foundation for all other endeavors. But when the Ego detaches itself from this sustaining principal, it hovers towards inflation. Un-checked, the Inflated Ego can over time, manifest a deluded and potentially psychotic personality. A nation can also under go this psychological dissolution en masse. Witness the present economy.
An inflated consciousness is always egocentric and conscious of nothing but its own existence. It is incapable of learning from the past, incapable of understanding contemporary events, and incapable of drawing right conclusions about the future. It is hypnotized by itself and therefore cannot be argued with. It inevitably dooms itself to calamities that must strike it dead.
Alarmingly today, the metal of value is most present in its absence. Since 1971 when President Nixon removed the Gold Standard, a monetary procedure, which tied the American dollar to gold, the remarkable accent of the world’s fiat currency began its upward trajectory. By 2011 a mere 40 years latter the Federal Reserve, America’s privately owned central bank and printing press, has inflated the currency supply to astronomical numbers. Like the shrinking earth below Apollo 11 as it rocketed towards the moon, the value of the dollar has shrunk 95% since the Fed’s inception in 1913 – 80% of this devaluation occurring since Dyck’s trick 40 years ago. But there is no moon landing planned for this remarkable inflation of the currency supply. For both an inflated economy and an inflated individual, the out come remains the same – Depression.
The Metaphor of Meltdown, Part 2
Shadow Boxing in the Dark
All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.
There are few elected leaders in office. Officials who wish to remain in power know that to confront the possible out come of their fiscal folly would be political suicide. Unable to confront the degree of paradox in their perceived goodness and their fraudulent outward actions, both the inflated individual and government adopt a form of ‘honest denial’, deceiving themselves that it will alter the outcome of their impasse. All aspects that counter this new egotistical overview are forced into what Jung called the Shadow. Jung remarks:
Everyone carries a shadow, and the less it is embodied in the individual's conscious life, the blacker and denser it is. But if it is repressed and isolated from consciousness, it never gets corrected.
C.G. Jung, Psychology and Religion
The Shadow operates through Repression or Projection. In order for the Corptocracy to devalue the currency 95% and not have the public wake up to this theft, it needs to produce contrary ‘facts’ to support its prosperity story. Enter the repression of basic statistical facts by the American Government. Manipulating market indicators such as the CPI (consumer price index) by removing indices including; gas, beef and altering others, the government labors to repress the basic vital signs of the economy. This is akin to our doctor doing a physical examination yet opting to not take our blood pressure and heart rate. A quick scan of the pupils, you’re warm and breathing, so everything is OK.
While the Corptocracy manufactures consent, an individual with a healthy sense of value has confronted the repression of the American Government. Unable to obtain accurate facts, Economist John Williams has produced a website providing the people with an enormous amount of previously repressed data including; historical trends in the economy, accurate unemployment rates and consistent up to date commentary on the factors influencing the economy. The name of his website? www.shadowstats.com.
The Truth of Silver and The Silver of Truth
"In the U.S., fewer than six of these extraordinary creatures (media conglomerates) own and operate 90% of the mass media controlling almost all of America's newspapers, magazines, TV and radio stations, books, records, movies, videos, wire services and photo agencies.
Ben Bagdikian, author of The Media Monopoly
“The most dangerous things in the world are immense accumulations of human beings who are manipulated by only a few heads.” Carl Jung
‘You got some big dreams mister, but in order to dream you got to still be asleep’
Bob Dylan, When you gonna wake up
The manipulation of facts alone, are not enough to keep a psychosis in full bloom. Remember Jung’s work. The individual or collective Shadow represses facts or projects judgments which it can’t or won’t see in it self, upon the ‘evil other’.
These projected judgments become ‘voices’ of delusion once the individual/government/economy has severed itself from value. Far from the ground of humility and gold, the inflated ego/government begins to show its hubris. Defined in most dictionaries as marked arrogance or conceit brought upon by entitlement, the hubristic Corptocracy maintains their self-proclaimed authoritarian stature through its media malaise.
Corporate, from Latin corporātus ‘made into a body’, are the muscle and voice box for the continuation of the prime time situation comedy: ‘The American Dream’ The people are lulled REM state by flaccid sentimentality and emotional ‘shock-mail’. Enlightened debate, once the central pillar of the democratic process and an aspect of early political T.V. broadcasts, has been diminished to a form of entertainment where the mere imposition of critical thought is branded ‘Un-American’.
It was Socrates, in the city of Athens (home of the first currency debasement) that demonstrated ‘argument rather than a clash of opinions or dispute, could be an act of progressive refinement, not unlike the refinement of silver.’ (source) It comes as
no metaphorical surprise that the word silver is derived from the Latin word ‘Argentum’ which is the root of the word to argue; the debate for Truth. It astounds me that Greece, the birthplace of our democratic principals, is at this very moment the possible first victim nation of the Corptocarcy’s economic malfeasance. From womb to tomb, Democracy has apparently come full circle.
The Shadow of the inflated Corptocracy is long and broad. After the media malaise has relieved the masses of the burden of Truth, the next step is the manipulation of the precious metals market through such morally infected bodies as the Comex. You will not find evidence of this paper trading fraud in the main stream. Pure water is discovered closer to the source. Once you get your feet wet you will discover purveyors of value like GATA, the Gold Anti-Trust Action Committee. Their intense and timely documentation of the paper ponzi scheme in silver/truth and gold/value trading, has thrown a life-line of knowledge to many traders and investors.
The Derivatives of Delusion
In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.
Warren Buffet, Berkshire Hathaway annual report for 2002.
Complexes are psychic contents, which are outside the control of the conscious mind. They have been split off from consciousness and lead a separate existence in the unconscious, being at all times ready to hinder or to reinforce the conscious intentions.
Carl Jung, A Psychological Theory of Types (1931), 79.
Steal a little and they throw you in jail. Steal a lot and they make you King.
Bob Dylan, Sweetheart Like You, Infidels 1983
As the inflated individual/economy continues its upward ascent, it jettisons the rubbish of greater and greater delusionary behaviors to sustain this upward projection. These deeds find a home deep in what Jung called the Complex, a psychic fun house of emotional and economical I.E.D.s (improvised explosive devices). As one nears the center of the Complex, the suction caused by the departing values leaves a vacuum that must be fed. In the case of the American economy, the fuel has been policy decisions that steal economic activity from the future by fueling present economic growth through debt expansion. Known by Economist Marc Faber as, ‘The printing of the money’.
Historically, the latest round of money printing commenced with the Greenspan Federal Reserve. As John Williams notes:
The Greenspan Fed pushed for ever-greater systemic leverage, including the happy acceptance of new financial products—instruments of miss-packaged lending risks—designed for consumption by global entities that openly did not understand the nature of the risks being taken. Spreading the credit risks of banks among other industries for example, was encouraged actively by the Fed as healthy and stabilizing for both the domestic and global financial systems. Also complicit in this broad malfeasance was the U.S. government, including both major political parties in successive Administrations and Congresses.
Hyper-Inflation Report March 11, 2011
The effect of this institutionalized greed complex manifested itself in the market as derivative investment vehicles. The ‘dark market’ as it has been named because of the inability to predict its volatility, according to PBS Frontline, had gotten to be over $680 trillion in notional value as of June 2008 when it peaked. That's more than 10 times the gross national product of all the countries in the world.
As head of the Commodity Futures Trading Commission [CFTC], a commission established to monitor the fraudulent trading among other dark aspects of the market, Brooksley Born became alarmed by the lack of oversight of this secretive, multitrillion-dollar over-the-counter derivatives market. Her attempts to regulate derivatives ran into fierce resistance from then-Fed Chairman Alan Greenspan, then-Treasury Secretary Robert Rubin and then-Deputy Treasury Secretary Larry Summers, (now working for the Obama administration), who prevailed upon Congress to stop Born and limit future regulation.
Just as the Shadow condemns all aspects of Truth to the dungeon of the Complex, this collection of financial thugs led by Greenspan, then went as far as recommending Congress should pass legislation that prevents CFTC from oversight. This is akin to the foxes demanding the farmer to take down the fence surrounding the chickens and then take a long holiday.
Following the mythical blueprint of Icarus, the ungrounded flyboys of Wall Street continued their ascent by using even more of the people’s money in the form pension funds and other employee investment vehicles to fully leverage their hubristic delusions. Icarus’ wings melted and the funds were lost.
In September 1998, ten years before the 2008 collapse, Brooksley Born’s nightmare came to pass.
“I was told that the very large hedge fund was almost collapsing, that it had $1.25 trillion in notional value of over-the-counter derivatives, and it only had $4 billion in capital to support that enormous investment, and that the markets had turned against it…”
From the bowels of the Complex, the market vomited up the derivative virus. Panic hit the boardrooms and in a moment of uncharacteristic humility, Edward Greenspan admitted to a congressional committee that he was wrong. The market could not regulate itself. But the Complex is a powerful force, rarely is the moral fortitude present in an individual or a nation to disengage its profuse entanglement and to this day there has been no regulations imposed upon the derivatives dark market.
The Metaphor of Meltdown, Part 3
The Multitude of Nothing
Just as the addition of however many zeroes will never make a unit, so the value of a community depends on the spiritual and moral stature of the individuals composing it.
If you piled $100 bills one on top of the other, a stack of them worth a Trillion dollars would be 67 miles high. Author’s research
The feelings of my smallness and my nothingness always kept me good company.
I wish to offer one final Metaphor of the Meltdown and it is that of the Zero. The digit Zero is considered to be one of mankind’s greatest achievements. Originating simultaneously in the Babylonian and Mayan cultures. The true genus of the Zero began to reveal itself in 7th century India.
In India the use of the Zero progressed from the concrete world of geometry to the abstractions of algebra and purely mathematical calculations. But it was the spiritual language of Sanskrit that converted the mechanics of the number into a metaphorical symbol. The Sanskrit word for Zero was ‘sunya’, meaning emptiness. It was seen by the Hindu culture that out of this sacred void poured all divine aspects of the known and unknown into the world. A sort of cosmic cornucopia. Thus the Zero had prominence in the in the religious symbology of India. Still connected with the concept of value, India is today one of the largest buyers of gold and silver on the world market.
From its history as a symbol for the divine creative force, the Zero arrived in western culture. In a form metaphorical malaise, unable to grasp the principal of inherent value in all that surrounds us, we have concretized our inherent desire for the divine into highways of worthless paper.
The inability to live with an awareness of the present moment and all it offers, produced a culture that speculates with ‘futures’ in order to gain enough worth-less inflated currency to enjoy a present moment that has already passed. The sad result of our metaphorical malfeasance is a currency awash in trillions of Zeros, the complete opposite of its symbolic intent. We have evoked not a sacred emptiness but a vacuous nothing. Turning our backs on the humble earthbound precious metals, gold/value and silver/truth, we deny these time tested weights of moral measure.
‘Changing or expanding someone’s context is far more powerful (and difficult) than just giving them a bunch of facts.’
‘Masses are always breeding grounds of psychic epidemics.’
‘Trust yourself to do what you know best.’
The corner stone of Individuation, as proposed by Jung, is the realization that crisis is the door to transformation. Jung used to say, “show me a sane man and I will cure him.” Is that not the final crux; that we believe that we are sane? Governments we elect cannibalistically go into debt to pay off debt. Honest, thought provoking debate is usurped by talking heads breaking news from the same source. Acts of aggression against sovereign nations are painted over in crimson with the civilian blood of ‘freedom’. Currency is believed to be money, while 4,500 years of money is marginalized as an asset in 20 seconds of an interview. When you step back and observe, perhaps our ‘sanity’ needs to be cured.
What is most personal is most universal and so all countries’ citizens will have to decipher the story. We must translate history into the language and costumes of our new context, for history has already recorded the labyrinthine process of individual and cultural transformation. Following this map we are able confront and welcome the insights offered by the Apocalyptic Unveiling. This discipline occurs on a personal level. Mythologist Joseph Campbell, mentor to George Lucas, speaks about the individual path:
"If you can see your path laid out in front of you step by step, you know it’s not your path. Your own path you make with every step you take. That’s why it’s your path."
Until our new ground of being is established, we cannot afford to follow the masses. That blind trust is how we got here. After the veil of falsehood and misinformation unravels, the emerging contours of metaphor found in Gold’s value and Silver’s truth, will provide the individual with the plumb and level of action. Only then will we will be able to unite as community and establish the sufficient ballast needed to see us through the oncoming maelstrom.
The Irish poet W.B. Yates remarked years ago;
Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
Surely some revelation is at hand;
I encourage you to trust your private reflections. Leave what Michael Maloney calls the ‘short term noise’ of popular opinion and gather the strength to possess your own sound judgment. Truth, like the turning of the earth, continues its own spin unaltered by the egotistical derivatives of man.
See you on the journey.
You may contact Doug at
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