Debt Rattle Feb 4 2014: The Shower Scene From Psycho
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Arthur Rothstein Worker at carbon black plant, Sunray, Texas 1942 The world economy today looks like an episode of MASH, but without the cued laugh tr
[See the full post at: Debt Rattle Feb 4 2014: The Shower Scene From Psycho]“We’re going to need a generous laugh track when watching Washington, Wall Street and the financial media fall over each other in their attempts to spin that one into a feel good scene, ” We already have here is one from NPR, they state 3 times that the deficit is not a problems and most Americans are not worried about it…. https://www.npr.org/2014/02/04/271273908/the-deficit-the-talk-is-big-but-the-number-is-shrinking…. Ted
If Centralization is a problem, and we advocate the seizure of the banks by the political elitist “Center,” who will divvy up the spoils? Con-gress?
Would we appoint multimillionaires Pelosi, Feinstein, Boehner and Rubio to oversee the redistribution of the debt (Because they have already squandered the wealth)?
The only way to turn this mess around is separate political power from finance, and let finance crash and burn on it’s own. Pull all State protections from Finance and the Consumer, and let the chips fall. Alongside this, reintroduce copper, silver, gold and things real. as money, as intended by the founding principals in the first place.
The individual player* could sort them all out by voting with his-her cash withdrawals and liberty to boycott. May the most prudent and strongest local** banks win. Oh, and anyone who believes political promises such as FDIC and PBGC and Socialist Security are valid, wanna buy a bridge in Mina Nevada?
Cruel, cold, even heartless to some, these thoughts. But if not carried out, we will go into a long miserable stagnation and period of unjust redistribution and authoritarianism, that over the long run is even more inhumane.
* As many of us have already done and are doing.
** When working without a net, savers would hold assets locally, under close scrutiny, keeping capital close to home.
ps. maybe in allowing the truth to be told by letting the inevitable take place sooner than later, consent would be more frugally granted to power in future.
Would we appoint multimillionaires Pelosi, Feinstein, Boehner and Rubio to oversee the redistribution of the debt (Because they have already squandered the wealth)?
Break up the banks in small enough pieces and all the usual suspects’ political cloud will evaporate. But yeah, Pelosi won’t do that, she would evaporate. It’ll mean people in the streets of America, and no Edward Bernays.
This article from last month, from Paul Craig Roberts, about the hows and whys of gold fixing, is particularly revealing in the current context.
It is all coming apart.
Duck-and-Cover!
David Holmgren has the third part of his Crash on Demand essay out, scanning our possible paths forward.
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