There is a syndrome known to afflict people who have undergone surgery to relieve terrible bouts of seizures called split brain. The wiki explains how this affliction expresses itself:
Split-brain is a lay term to describe the result when the corpus callosum connecting the two hemispheres of the brain is severed to some degree. The surgical operation to produce this condition is called corpus callosotomy and is usually used as a last resort to treat intractable epilepsy. Initially, partial callosotomies are performed; if this operation does not succeed, a complete callosotomy is performed to mitigate the risk of accidental physical injury by reducing the severity and violence of epileptic seizures. Prior to callosotomies, epilepsy is treated through pharmaceutical means.
A patient with a split brain, when shown an image in his or her left visual field (the left half of what both eyes take in, see optic tract), will be unable to vocally name what he or she has seen. This is because the speech-control center is in the left side of the brain in most people, and the image from the left visual field is sent only to the right side of the brain (those with the speech control center in the right side will experience similar symptoms when an image is presented in the right visual field). Since communication between the two sides of the brain is inhibited, the patient cannot name what the right side of the brain is seeing. The person can, however, pick up and show recognition of an object (one within the left overall visual field) with their left hand, since that hand is controlled by the right side of the brain.
The same effect occurs for visual pairs and reasoning. For example, a patient with split brain is shown a picture of a chicken and a snowy field in separate visual fields and asked to choose from a list of words the best association with the pictures. The patient would choose a chicken foot to associate with the chicken and a shovel to associate with the snow; however, when asked to reason why the patient chose the shovel, the response would relate to the chicken.
The split brain syndrome is an altogether apt analogy for what happened when the dollar was debased from gold.
Depressions are real events. No amount of currency devaluation can halt or prevent one. A depression arises when the capacity of a society to produce exceeds, either temporarily or permanently, any possible productive use for that output. It occurs, in other words, when, under the given economic circumstances, hours of work are longer than is required by society. This cannot be altered, nor in any way meaningfully effected, by the devaluation of a nation’s currency.
But, devaluation can shift the burden of a depression. This is clearly evident when one nation devalues its currency to a greater or lesser extent than other nations; it is also evident in the case where one nation devalues earlier or later than other nations. The country that devalues earlier, or devalues more severely can enjoy additional growth at the expense of its peers. But, despite this, there is no net effect on the depression.
We wonder why rumors are now being actively floated that Israel and Palestine are set to enter talks. We’re not saying this is the reason, only that we so distrust Israel’s motives it could be the reason. Netanyahu has absolutely no intention of ever giving up control of Palestine. Thus, in our view, talks rumors are being floated as a smokescreen, and Abbas is playing the role of useful idiot:
WASHINGTON—The United States invited Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas to meet in Washington on Sept. 2 to launch long-stalled direct talks on a peace agreement.
U.S. Secretary of State Hillary Clinton said the renewed negotiations aimed to “resolve all final status issues, which we believe can be completed within one year.”
President Barack Obama has invited Egyptian and Jordanian leaders to Washington to take part in the launch.
Middle East envoy George Mitchell said Mr. Netanyahu and Mr. Abbas would decide for themselves how and when in direct talks to address thorny final status issues—the fate of Jerusalem and Palestinian refugees, and the borders of a Palestinian state.
For what it’s worth, these are not our words. They are taken from a mainstream European newspaper…
From Spiegel Online:
The entire country is in the grip of a depression. Everything seems to be going downhill. The spiral is continuing unabated, and there is no clear way out. The worse part, however, is the fact that hardly anyone still hopes that things will improve one day.
The country’s unemployment rate makes this trend particularly clear. In 2009, it was 9.5 percent. This year it may rise to 12.1 percent and economists expect it to reach 14.3 percent in 2011. Those, though, are only the official numbers, which were provided by Angel Gurría, secretary general of the Organisation for Economic Co-operation and Development (OECD). The Greek trade union association GSEE considers those numbers far too optimistic. It considers 20 percent to be a more likely figure for 2011. This would put the unemployment rate as high as it was in 1960, when hundreds of thousands of Greeks were forced to emigrate. Meanwhile, purchasing power has fallen to its 1984 level, according to the GSEE.