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The WARBI Principle

Ayn Rand

Ayn Rand (Photo credit: Wikipedia)

My long-time business associate, Larry Notvest, used a set of business and management principles that were both revealed and taught to me over two decades of our association. Larry unfortunately passed away in 1996, at age 52, way too young to allow us to bring our association to full fruition. Fortunately for me, before his untimely death, he had successfully passed most of those principles and the discipline to employ them on to me.

Larry was an avid advocate of the principles and ideas of Ayn Rand. I had read Ayn Rand novels as a teenager before I joined the US Navy and met Larry while serving in the Naval Security Group. However, he ignited in me a full appreciation of the clear departure from conventional wisdom and toward the objective truth of Rand’s principles and ideas that I hadn’t quite acquired in my previous reading. We spent literally hundreds if not thousands of hours together exploring various concepts while employing them in various ways through positions in military and civilian life. Over and over again we proved the practical aspects of Rand’s ideas in building and managing organizations for large-scale private business. One of the most successful concepts we developed had sort of an awkward name, but it always seemed apt: The “We-Are-Run-By-Idiots” (WARBI) principle. Most folks that first hear it think the principle is directed solely at

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Is Greenspan a Lifelong Gold Bug?

Alan Greenspan, former chairman of the Board o...

Alan Greenspan, former chairman of the Board of Governors, The Federal Reserve Board, USA. (Photo credit: Wikipedia)

Recently, I have taken exception to the attacks on Alan Greenspan and to the role he played for 18 years at the Federal Reserve.

Anyone who understands Alan’s bio and C.V. knows of his history with Ayn Rand, the Randian and objectivist movement and as a lifelong Goldbug.  I have listened to his words very closely over decades and I see him as a hero, not a villain, in engineering the relatively final, quick demise of the global central-banking, fiat currency system.  It should have come much sooner, however, one man can only be expected to do so much.

He strategically maneuvered himself over a period of years into precisely the position he needed to be in order to accelerate the collapse of the fake global financial system, the dollar and particularly the Federal Reserve.

His recent mea culpas align very well with tactics laid out in “Atlas Shrugged” when the political establishment attacks the producers in order to deflect attacks on themselves.  Adopting the language of one’s opponents while working to defeat them is hardly a novel concept.  All of their ongoing, insane legislation and bailout packages is an eerie, direct parallel to

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