Brexit and the Crisis of Capitalism

Thousands of commentaries have been issued about Brexit in the past week.I’ve written four myself. Most discuss Brexit as the result of immigration issues, class war, political theater, a reaction against the European Union’s bureaucratic power, sovereignty, etc. Other essays focus on the potential upsides or downsides of Brexit.

What few if any commentators present is the idea that Brexit is a symptom of the Crisis of Capitalism.

The current global version of Capitalism is characterized by these overlapping dynamics:

1. Replacing stagnant real growth and income (and thus taxes) with debt.

2. Replacing investment in real-world productivity with speculation (i.e. financialization)

3. Replacing “everyone must have skin in the game” free-market capitalism withprotected, privileged Elites crony capitalism in which the few benefit at the expense of the many.

4. Replacing local, decentralized democracy and ownership with central planning.

5. Using “extend and pretend” financial trickery to mask insolvency, impaired assets/ collateral and non-performing loans rather than address the debt overhang directly via write-downs and liquidations of impaired assets.

If real (adjusted for inflation) growth and wages were increasing organically(i.e. as the result of free-market dynamics rather than central-planning manipulation)there would be no need for financialization, “extend and pretend” or central planning.

These ills are the status quo’s “fixes” to the Crisis of Capitalism, which arises from these causes:

1. It is no longer profitable to hire people to do an expanding range of work, from minding the jumble store on high street to writing software code that has been automated.

There is no fix for this. As I explain in my book A Radically Beneficial World, the idea that we can “tax the robots” to generate the $2.4 trillion we’d need to make a Universal Guaranteed Income a reality in the U.S. is pure fantasy, as profits collapse as the cost of those commoditized tools decline.

Paying people to do nothing looks like a grand benefit but it is actually terribly destructive because people need purposeful work and a sense of contributing to something meaningful. Paying the majority of people to do nothing is a destructive and financially impossible fantasy.

2. Consumer demand is not infinite, and modern production can over-supply the demand of an aging populace. The supply-demand curve has shifted for demographic and structural reasons. The idea that consumer demand can be endlessly goosed higher is false. As demand stagnates and the tools of production are commoditized, production increases (because the money needed to expand production is essentially free) and profits and wages both decline.

3. What cannot be over-produced burdens the system with a higher cost structure. The core fantasy of neoliberalism is that everything can be made abundant once it is commoditized on a global scale. But this is simply not true of resources such as potash, lithium or ocean fisheries.

As scarcities arise from the fact that the planet we inhabit is not infinite, these scarcities tend to drive innovation and a search for substitutes. But substitutes have limits, too. As costs rise, there is less disposable income to pay interest on rising debt or consume more. Spending and consumption stagnate, along with profits and wages.

4. The status quo is dominated by cartels and crony-state-capital arrangements that raise systemwide costs to benefit the few at the expense of the many.Healthcare (specifically, Obamacare) is a prime example: costs are soaring because the pool of taxpayer money that can be devoted to healthcare is assumed to be limitless.

College costs $150,000 for four years not because education “must cost” $150,000; it costs $150,000 because students can borrow $150,000 from the federal-higher-education cartel. the actual cost is unknown because the cartel has been able to impose staggering price increases for decades.

(I make the case that a four-year college degree should cost no more than a few thousand dollars in my book The Nearly Free University and the Emerging Economy.)

5. If you collapse these extractive, debt-dependent crony-capitalist cartels, you collapse the entire status quo. All the finance, debt-dependent production and consumption, pensions, insurance and tax revenues that the majority depend on for their income implode once you take away the cartel’s monopoly pricing.

Reforming the system implodes the system. This is why Brexit has limited scope to fix the structural causes of Crisis of Capitalism.

A Radically Beneficial World: Automation, Technology and Creating Jobs for All is now available as an Audible audio book.

My new book is #14 on Kindle short reads -> politics and social science: Why Our Status Quo Failed and Is Beyond Reform ($3.95 Kindle ebook, $8.95 print edition) For more, please visit the book’s website.

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  • ICFubar

    Great article, concise, articulate. I tend to agree as what we are witnessing is a form of climax capitalism as expressed on a debt based monetary system where the political is subjugate to the financial and the general principals of economics are jettisoned. Those at the apex of this system having a zero sum philosophy as they seek never ending increases to their wealth, power and more importantly control over everything at any cost to others lives or life support systems The question I have is when this deeply flawed system fails what will emerge as its replacement? And make no mistake failing systems are replaced either by carefully thought about and arrived at consensus, revolution, or mass destruction with cultural and individual suicide as protest.

    • Brockland A.T.

      Get involved with the democracy reform movement of your choice; at least have a better idea as to how society can be popularly governed before you run off dreaming about social collapse without a clue as to what to replace it with.

      Or so you really think the guys with all the guns, tanks, and planes aren’t hoping for a simple ‘kill ’em all’ answer?

      • ICFubar

        I am a member of COMER (Committee on Monetary and Economic Reform) presently suing the CDN Govt, and the Bank of Canada to return the BoC to its constitutional role as a lender of debt free money to all levels of CDN governance and for the injection of debt free money into the CDN economy as a balance to banker’s debt created money, as was the practice in Canada from 1935 until 1974. I have no illusions on politics or the forces that drive history. I am active within the community in educating the public on monetary matters. What’s your gig?

        • berger friedrich-wolfgang

          If “Your MOBETARY HOLLINESS” have “TROUBLES” With a “Simple READ – OUT” , you better “GO & SEE” the “LAND , Where the PEPPER Grows” !!!

        • Brockland A.T.

          Cheering for groups such as COMER and and generally posting in the spirit of the Junius quote “The subject who is truly loyal to the Chief Magistrate will neither advise nor submit to arbitrary measures.” Not many measures are as arbitrary as violent revolution short of state terror itself.

          There seemed to be a hard corps of people out there who don’t want the peaceful alternatives and discouraging pursuit of them while they are still available. I’m curious to know why this is.

          • ICFubar

            Good bloody question Brockland. I have many times pondered much the same. Why is it so few are involved, or even giving support, to the myriad of worthy organizations that are trying so hard to make a better world? Why are so many waiting for others to make these changes? As a fellow CDN. (I take it Fairvote is your “gig”) I haven’t noticed a lot of militia, armed resistance – insurrection, type of movement in Canada, while you certainly see it south of the border, but rather just the usual apathy common in general to a lot of citizens in the west. Anyway we will carry on “while they are still available”. Cheers…..

  • Sappos

    Brexit was engineered by the same elites that created the EU, whose ultimate goal is to secure the control and subjugation of the ignorant and gullible masses:


    And all the bullshit written as of today asserting that ordinary people in the UK have regained certain degree of sovereignty as a result of that referendum is pure nonsense.

    • Silverado

      So if they voted to remain they lose. So then by your logic they vote to leave and you say that’s a lose too?? C’mon nobody’s buying that. Those (buzz word of the day) “optics” of yours are cloudy…

      • Brockland A.T.

        Agreed. The vote to leave was a major victory. Not the the globalists wouldn’t have planned for the outcome; they have accurate polling data.

        The real prize is genuine democracy. The U.K. needs proportional representation and so does the EU. I’m not sure about Diem25, but seems to be the main vehicle for the movement.

        Economic distractions are not irrelevant, but Brexit chaos conveniently obscures what’s really needed; genuine democratic oversight of the economy to counter cronyism.

        • berger friedrich-wolfgang

          Boy , the “EU” , is as “Necessary” , as Your “BEING Here” !!!

          • Brockland A.T.

            Brexit hopefully makes it harder for regressive anti-democrats in the U.K. and the Continent from reinforcing one another, and make their ongoing dark mechanations more visible to The People.

            As mentioned before – should Europe become genuinely democratically self-sovereign, breakup and balkanization would be the Anglo-Zionist response, no different than attempts to break up Russia or the Middle East. The purpose of the original CIA-EU project was to use the EU to rule them, not help them rule themselves. However, what if Europa woke up and stood up?

            There’s nothing wrong with a peaceful, united, and genuinely democratic European Union.

            A European Union answering to its own peoples for the collective genuine good – not privilege of an elitist few in New York, London, Brussels, and Berlin. Europe’s individual national experiences in proportional democracy and human rights place them, in terms of political sophistication and humanitarian potential, light years ahead of the regressive forces aligned against them. They need only realize that human potential.

            Regressive forces are uniformly governed by variants of simple plurality elections, ironically, cast into disarray by a crude simple plurality vote. The Anglo-Zionist dead-enders in North America are the shaft; the spearhead, their ilk in the U.K., the Deep State’s pawn in Brussels.

            A proportionally representative EU defending its rights and freedoms would a formidable force for genuine renewal of the West. Ironic, given the Anglo-Saxon roots of many Western ideals, that the U.K. need separate from Europe to save itself and the West for any hope of realizing the ideal of democracy and human rights and responsibilities.

          • berger friedrich-wolfgang


  • slorter

    The global financial fiasco that she started has led to no growth massive debt and a major financial crises with deflation and stagnant wages and no prospect for young people. The United States has 47% of its population on food stamps, Europe is a basket place. This system of boom bust is a total systemic failure. The vote shows a lot of angry people and if you want to blame someone, blame your neoliberal cheap labour conservatives who provided us with this mess! It does not make much difference whether they leave or remain working class people will still have a fight on their hands. Contrary to the boastful claims of Nigel Farage, UKIP was not the originator of the referendum it has just won. The decision was imposed on David Cameron by the members of the Conservative Party. The Brexit campaign was largely supported by the Gentry and Buckingham Palace, who mobilised the popular Press to call for a return to independence.

  • Tyler

    Charles, you don’t understand monetary sovereignty, which is why you make preposterous claims that the American federal government cannot afford to pay a universal basic income. Please visit and These two sites will end your inadequate knowledge of monetary operations.

    • kimyo

      zero hedge, naked capitalism, mish, chs all share an jumbo-sized anti-universal basic income bias. as soon as the topic comes up, the attacks fire right up, the ‘lazy’, ‘indolent’, blaming the victims rather than the banksters who have impoverished them.

      if one were a conspiracy theorist one might begin to believe that such a concerted effort was not an accident.

  • cstahnke

    Ok, but you cannot collapse the crony capitalist status quo. There is no way we can do that. They have the money and power and they are not going to give it up. They have armies of lawyers and operatives and yes, if needed, little armies. We have two major choices–1) try to convince the oligarchs that we are one and should help each other; and/or 2) create massive chaos through disruptions of all imaginable kinds.

    • Brockland A.T.

      It would be far more constructive to participate in democracy reform organizations than engage in socially destructive behavior.

      Item 1: We are not one with the oligarchs, they know this and in fact have made and defined the separation, and it would be amoral to join with them.

      Item 2: Chaos is the weapon of the enemy now. The great social upheavals of the 1960’s are not replicable, as with so much of the economy outsourced, and the youth population drop (no more booming boomers) there is no leverage.

      • cstahnke

        Reform, at the moment, is not possible. First, because the vast majority of people who are sympathetic to real reform (still a minority) do not understand the nature of the system or how deep it goes. Second, even if you do understand the nature of the system and that is a very scary place to be, how do you do anything about it? You can’t hope for voting because the mechanism is largely rigged in a sophisticated variety of ways that Black Box Voting and many others have documented since 2000 when contemporary sorts of irregularities started getting publicized. All you can do, a this point, is to resist and hope the System breaks down on its own–not an unrealistic assessment considering how every part of it is rotten with systemic corruption. Of course that is not enough–the System may take quite a while to break down. But more important than anything else we must start to move away from the culture of narcissism that most of us, including me, are caught up in that says we live to fulfill our bucket list or to please ourselves. We work to survive not survive to work. Real work, not the sort of BS work most of us do should be the focus of our lives. We need to stop working for the System but start working outside the system together. Those of us who read this blog, for example, need to be part of an affinity group that actually creates something and that something will sustain us not just emotionally by knowing others share our interests but that actually provide a way to make a living.

        This sounds like a tall-order because it is. We have become, due to the nature or our existential reality at this historical moment, isolated and fragmented not just as individuals but within our own minds. So we suffer from a kind of anti-synergy effect. That is a good thing for the System who uses our alienation (Marx got this facet of Capitalism right) to fuel the modern economy. When we work against alienation/fragmentation we start to discover synergy within and without if we can understand just how socially illiterate we have become. Since I’ve lived a long time I’ve seen this happen in dramatic fashion. Once we realize how powerful the synergy can be between committed and focused human beings the kind of psychic squalor we live in can be lifted as rapidly as the events that brought down the Berlin Wall.

        • Brockland A.T.

          Reform is always possible. The lack of basic public education can be reformed by good old-fashioned accurate news reportage, so people understand what is happening, what could be happening for best results, and so toss less-than-accurate pictures of what they think should happen.

          For example, indicting Hilary. Its not the same as arrest. The FBI, based on sound investigation, recommends indictment to a Federal prosecutor who then calls a grand jury (if one already hasn’t been impaneled), and they decide what formal charges should be laid.

          As opposed to calls for arrest, out of context of lawful procedure, or total absence of mention. American Independence was completely by-the-book legal opposition to England. The Colonists knew what peaceful procedures were needed to resist effectively.

          Silence and poor public education on the Indict Hilary issue may as well be collusion. Many complex issues are not as complex as they are made to seem.

        • Baby_Jesus

          Have you examined the UBUNTU movement? It’s a group dead set on eradicating capitalism from the ground up. Personally I think the capitalists will simply drop a few bombs on them to make them go away, just as they do with any attempt at an alternative system that attempts to establish itself.

  • May 29, 2016 BREXIT End the EU, a CIA Covert Operation

    Remain” or “Leave”? What does the UK’s EU Referendum—scheduled 23rd June—really amount to? Is it simply the opportunity for UK citizens to decide if Britain should stay in the European Union? Or is it something of greater significance, with broader and more serious implications? And just what is this thing called the EU anyway?

    • Brockland A.T.

      Doesn’t matter; when an organization follows the “Never let a crisis go to waste” rule.

      The Deep State would have had backup plans, and the target has always been, effective and accountable democratic governance.

      • They always have one is correct. Nov 24, 2015 The Deep State: The Unelected Shadow Government

        America’s next president will inherit more than a bitterly divided nation. He or she will also inherit a shadow government—a permanent, corporatized, militarized, entrenched bureaucracy that is fully operational and staffed by unelected officials who are, in essence, running the country. As John W. Whitehead warns in this week’s vodcast, all it will take is another terrorist attack or a natural disaster for such a regime to emerge from the shadows.

        • Brockland A.T.

          The all about itself ‘government class’ first emerged in Germany.

          Some people may not be all that motivated by this movie. The GOP ‘Armageddon Lobby’ has joined the neocons in deserting Trump; they don’t have the confidence that Trump has what it takes to bring on Armageddon.

          There is no way to reason with ‘rapture’ culture. They are going to escape death and judgment and go straight to heaven by bringing on Armageddon; its possible a decisive minority have bought into this Christian meme.

          In the meantime, Hilary has borged Elizabeth Warren. However, just like Trump schmoozing with Kissinger and losing credibility, its Warren who has lost credibility; Hilary gains none. Presidential elections may be the greatest show on earth, but Hilary is box-office poison.

          It won’t be enough to organize to take to the streets; the system has to change. Proportional Representation – an idea whose time has come.

          • Just to let you know I am a Christian, and maybe you do not know any. Psalms 23:4 Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me.

            Brooks & Dunn – Believe


          • “I believe in Christianity as I believe that the sun has risen: not only because I see it, but because by it I see everything else.” C. S. Lewis

            One Minute Sermon

            This lady says more in one minute than some preachers say in an hour. I love this!


          • Brockland A.T.

            Shrugs. You also know all this stuff.

            What changed from ancient religions that (at a basic level) worshiped the cycle of life and rebirth as eternal, to worshiping a finality, in End Times, in exchange for personal eternal life at the expense of everyone else’s.


            That Jesus worship was taken from Sun God worship does not validate Christianity; its modifications to the Sun God mythos do not appear to be legit.

          • I know this Bible verses related to False Prophets from the King James Version (KJV)

            1 John 4:1 – Beloved, believe not every spirit, but try the spirits whether they are of God: because many false prophets are gone out into the world.

            1 John 4:1-6 – Beloved, believe not every spirit, but try the spirits whether they are of God: because many false prophets are gone out into the world.

            2 Peter 2:1 – But there were false prophets also among the people, even as there shall be false teachers among you, who privily shall bring in damnable heresies, even denying the Lord that bought them, and bring upon themselves swift destruction.


          • Brockland A.T.

            You’re not denying being an End Timer. What then to make of your otherwise informative posts?

            Your Bible quotes appear to be in defiance of the First Amendment.

            A false prophet must first be heard to be judged false even as one coming in truth must be heard to be judged true.

            Free speech, in order to be truly free, must be free of intimidation; especially in its clever and nefarious forms obnoxious to good reasoned conscience.

            To judge either way, requires sound information reasoned in good conscience.

            Verily, the murder of heretics at the Circus Maximus resolved little save that truth and justice are not served by unreason and violence.

          • berger friedrich-wolfgang

            Your “Childish ATTEMPT” , to “SMEAR Eternal TRUTH” , this TIME “Brocklandish” , Equates the “Dammned Own Goal” of “SOCCER” !!!

          • Brockland A.T.

            Anthropogenic ‘End Times’ seems very much treason against Creation and should be opposed.

            All Protestant reformers save Calvin considered Revelations to be heresy but could do nothing as it was canon ‘Scripture’.

            As a result, there are those who sincerely believe abetting End TImes conditions is righteous, holy, and godly service – in direct opposition to the circle of life and rebirth and doing of genuinely good things to perpetuate Creation. Go figure.

            When Christians say Jesus died for their sins, did they really mean Jesus died so they could sin freely?

          • berger friedrich-wolfgang

            Seem to Be “NO FRIEND” OF “SELF-DETERMINATION” !!!

          • Brockland A.T.

            Self-determination to victimize others for personal benefit is usually met by self determination by such others to not be victims.

          • berger friedrich-wolfgang

            SHALON rabbie !!!

          • berger friedrich-wolfgang

            GREAT !!!

          • Brockland A.T.

            I have; they tended to be a disappointment.

            Any positive memes you choose to follow from that Abramic variant do not cancel out the negatives others may choose, even if you don’t yourself. Such as the rather selfish and brutal End Times mythos.


          • ‘Religious Freedom is our First Freedom’ So when you attack freedom of religion you attack the first amendment. Does this compute with you?

            The First Amendment

            The First Amendment guarantees freedoms concerning religion, expression, assembly, and the right to petition. It forbids Congress from both promoting one religion over others and also restricting an individual’s religious practices. It guarantees freedom of expression by prohibiting Congress from restricting the press or the rights of individuals to speak freely. It also guarantees the right of citizens to assemble peaceably and to petition their government.

            Amendment I Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.


          • Brockland A.T.

            Attack? All I said was that Christian modifications to Sun-God worship are not legit, and Christianity is unduly stuck on its End Times meme at everyone else’s expense.

            These are obvious observations and conclusions anyone could draw given truthful and reasonably complete information, and the ability to speak freely with full conscience on their observations.

            Further observation of the current political situation indicates we may indeed see a live test of End Times ‘theory’ within our lifetimes, in gross violation of the precautionary principle usually applied to minimize harm to public safety, propelled by a minority of elitist crazies abetted by popular sympathizers.

            At no time did I say Christians were not free to worship or speak in support of their faith, nor would I repress freedom of religion and speech even if I had such authority. However, of Christians not into End Times… simple courtesy suggests – be your Apocalyptic brothers’ and sisters’ keeper FAR better.

            For those who see promotion of End Times to be perfectly legit – bully for you. At least be honest about your incredibly psychotic and selfish position and stop dressing it up nicey-nicey in prayer and poetry whose niceness you have no intention of enforcing save at the most tribal level among fellow rapturously saved.

            Abramics of all variants have silenced, with no small violence and perfidy, the right and duty to moral outrage from their colonial victims and internal dissidents in defiance of what you claim to hold true as the First Amendment.

            As couched in secular terms as it may be, its becoming obvious there is a powerful religious component to America’s and the West’s social, economic, and political crisis. A final crusade for End Times may be underway, with the secular trappings of power and politics a mere facade for spiritual collapse.

          • berger friedrich-wolfgang

            Once “ZEALOT” , Ever “ZEALOT” !!! Your Exceptional “CORRECTNESS” , still Rests on “Believeable (?) HEARSAY” !!!

          • Brockland A.T.

            You appear to be defending the Christian End Times meme.

            Who’s the zealot, then? I’m arguing from reason, not scripture. Burn the books and/or rewrite them, and kill the heathen faithkeepers as the Abramics have done and do, all one would have to determine truth is what Creation grants innately – the innate capacity to reason.


            The value of Pi is, at a workable minimum for most things, 3.14, regardless of what the Bible says.

            Its not zealotry, its the basic mathematical science of irrational numbers whether one quibbles that God exists or not and made things like math and reason or not.

          • berger friedrich-wolfgang

            Already Last Time , When We Clashed on “HARPUR” , I Would have liked to Offer you an Example for a “Vivid PAGANISM” ! So , here you are : “.Ayarkhaan from Sakha Republic” Look for it in “Youtube” !!!

          • Brockland A.T.

            … Paganism is a colloquial for any spiritual path not Christian, Jewish or Muslim and can cover cover a lot of alternate belief systems.

            Ayarkhaan… so, what a musical interlude?


          • berger friedrich-wolfgang

            Stupiditly ; You are Mocking “Honorable MEMBERS” of “SIBERIAN TURK – TRIBE” , Inhabiting their “REPUBLIC of YAKUTIA” ! They , as their “Deeply Religious RELATIVES” of “Tataristan Kasakhistan , Usbekistan , Kirgizistan , Turkmenistan , Mongolia”, Were Branded by you “PROFIT – CHEWS” as “PAGANNNNS” !!!

          • Brockland A.T.

            You were the one offering them as ‘vivid paganism’.

            Nor is presenting their music disrespectful.

            As I said, a colloquial term for non-Abramics was Pagan. That the Yakuts may call their faith Tengrism will have no meaning to most people. A more approachable term, ‘shamanism’ is inadequate to describe its complexity.

          • berger friedrich-wolfgang

            IMPRESSIVE !!!

          • Sorry here A.T. you are absolutely delusional! Mar 23, 2016 Who is Advising Trump on Foreign Policy?

            During his tenure, former U.S. Secretary of State Henry Kissinger oversaw several bloody coups and wars while earning the reputation of a war criminal. Republican presumptive presidential candidate Donald Trump met with former Secretary of State Henry Kissinger Wednesday, the GOP’s preeminent elder statesman and a controversial figure who orchestrated bloody coups and wars.


          • Brockland A.T.

            Hardly; Trump is supposed to be the rebel establishment candidate, remember? Meeting with has-been establishment figures whose war crimes are a matter of public record isn’t contributing to that image.

            Trump’s campaign is taking a dive and now he’s being compared to the ineffectual Barry Goldwater where once he was compared to Reagan. Both comparisons emerged about the same time earlier in the year, and its clear which model is winning.



          • Here ya go! Dec 18, 2015 Donald Trump Is The Establishment Candidate

            While his rise in the polls is attributed to his challenging the establishment and the political status quo, let’s look at the many ways Donald Trump, when it comes to his political positions, represents that very same status quo. From the Fed, to war, to civil liberties, the “anti-establishment”? Trump takes no positions not already endorsed by the establishment.


          • Brockland A.T.

            Like I said, the REBEL establishment candidate. The one not entirely in line with cutting away the socioeconomic ladder.

            There’s nothing Trump has said or done that surprises me – except the PR disaster of schmoozing with GOP has-beens the GOP voters have learned to hate over time.

            The Establishment is where most people see the socio-economic ladder as leading, that has been whisked away from the plebes. The whole American Dream idea of working hard and with a little luck being successful is over.

            Hilary not only whisks away the ladder, she threatens to raze past the ground its very roots with her warmongering and security-statist cheerleading. She needs to be indicted – but everyone has backed of pushing for that.

            It would be nice to debate the merits of a Gary Johnson (Libertarian) versus Jill Stein, (Green) but that’s not happening and they’re not even remotely contenders.



  • Jul 2, 2016 Globalist CFR Member Brazenly Calls For Elites to “Rise Up” Against Ignorant Masses

    • berger friedrich-wolfgang

      JUST TO STATE IT !!! — “EXCELLENT” !!!

  • berger friedrich-wolfgang

    Recognizing the TERMINAL Scenes “SHYLOCK ORDUSU” , the One & Only FEELING of “Deep SATISFACTION” Deem More than “JUSTIFIED” !!! Challenging the “DIVINE ORDER” of the “UNIVERSAL ABSOLUTE” , at No “TIME” had “ANY PERSPECTIVE” of “SUCCESS” !!!