A startling hat tip to Zero Hedge for insight into the mind set of 1% global elites. Look out David Brooks, here comes Peter Traub!

It appears the powers that be just are not going to take it anymore. Having mistakenly allowed the people of Britain to exercise their free will, Foreign Policy's James Traub exclaims, "It's time for the elites to rise up against the ignorant masses.

Yep. You read that right. The poor downtrodden 1% gotta stop letting the ignorant masses kick them around.

Traub displays his elitest conceit:

The Brexit has laid bare the political schism of our time. It’s not about the left vs. the right; it’s about the sane vs. the mindlessly angry...

Yep. He really said that.

In a spectacular display of the very ignorance against which he issues his call to arms, Traub shows how thoroughly infected the establishment is with their group-think.

The washington consensus group think of American elites has traditional roots that go back to feudal times.

The Foundational Issue: The Most Significant Unit of Society

Philosophically, ‘Scottish Common Sense Realism’ provides a framework for understanding how someone’s thinking would begin with ‘personal conviction’. This framework lies at the heart of the thinking of authors like John Locke, on whom Thomas Jefferson depended heavily when writing the Declaration of Independence.

Locke’s philosophy of government and economics expresses this framework and stands in stark contrast to that of Thomas Hobbes. Between the two of them we can drive the difference down to a single question: What is the most significant unit of society? The answer for those who would follow Hobbes is the State. For those who would follow Locke it would be the individual.

The primacy of the leviathan over the individual and the divine right of kings is an age old battle. Thomas Jefferson saw this one coming.

. . . we are having the very same argument had between Thomas Jefferson and Alexander Hamilton at the beginning of the Republic. Consider the following comment from Jefferson, especially in light of the last financial crisis and its wave of foreclosures:

If the American People ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers occupied. The issuing power of money should be taken from the bankers and restored to Congress and the people to whom it belongs. I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies.

Sorry Hamilton. Jefferson got that right.