Debt Rattle February 8 2016
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DPC City Hall subway station, New York 1904 • Deutsche Bank Is Shaking To Its Foundations (SI) • Why A Selloff In European Banks Is So Ominous (MW) •
[See the full post at: Debt Rattle February 8 2016]” But changing behavior — as opposed, say, to imposing higher capital requirements — is a complex task.”
It really isn’t complex, and it is no mystery. Histories of government and civil law enforcement are totally clear and well known – and exactly the same as rules for training dogs. Bad behavior must have immediate consequences for the actual perpetrator; and the consequences have to be effective. Grabbing a banker and chopping his head off, for example, has been done often in the past; and is reasonably effective in directing banker behavior. Personally, I’m entirely in favor; but I’d be willing to settle for mere lifetime imprisonment and seizure of all assets.
The quote in the sentence about “it’s complex” – is genuine propaganda specifically promoted to prevent consequences from reaching the actual perpetrators. “Wait, this is more complicated than you realize…” – is bullshit, and designed only to prevent criminals being caught. The author then – must be either a paid tool – or a dupe.
It’s not complicated at all.
It’s not so much that it’s complex but rather it is impossible. Impossible within the confines of the existing laws and existing so called markets. It is impossible for the system to reform itself. It’s a fools errand to think those in power will interpret and enforce laws against themselves or make laws so that such enforcement becomes practical.
The world complex could be used in regard to overturning the system but that is hardly a good word to use. Revolution is a better one and revolution is terrible in every case. It’s necessarily violence. Or perhaps the financial system and then the political system dislocates. Whatever moves in to fill the void will be a revolution of sorts.
@ Greenpa
Yep; not complex. That’s just the propaganda talking.
Glass-Steagall would be a simple first step.
More interesting questions are; what is the reason propaganda is so effective? What is the reason U.S. citizens can’t discern/think in a critical way? What is the reason U.S. citizens have given away their democratic form of government?
I could go on and on and on, but…
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