Pages

Wednesday, November 23, 2011

Europe---Revolution Watch

Watching The Revolution take place is not an easy thing because it comes in many forms, and has many diverse causes. I have always listed them in the following way. #1 Resource depletion, meaning the active consumption of resources to a point where it affects our ability to grow (both population and economic) most notably fossil fuels but water may be close behind, #2 environmental destruction most notably climate change but there are others, #3 an economic model that is not workable, being based on never-ending exponential growth, and #4 human population growth at 75 million gain every year--every four years an amount equal to the population of the US today is added.

They are all out there and experts in each respective field claims theirs is most pressing. They are all pressing, really pressing it would seem. But one has taken center stage of late, and it is a stage, and that is economics. It seems, and I say seems because there is no single individual who can totally explain it, that we have screwed up.

While I can sit back and read my ass off, which I appear to be doing because my ass is falling off, and learn great things, or things that are not great but may be nefariously monstrous. As near as I can tell we, globally connected banks (JP Morgan, Goldman Sacs, Douche bank and others) have sold derivatives that represent things that do not exist and they have been selling them back and forth to each other for some time. In the process they have (sorta) printed money. In addition many countries have been buying each others bonds almost like selling each other lattes. Nothing is really real. it is a ponzi scheme of a magnitude that has never been known.

In the mean time, people and countries have been borrowing money form each other that can never be paid back because most countries don't produce anything anymore but leave that up to China and India. They and we are all living beyond our means, individually and collectively. Oops!

It is truly a God Damned mess and now we are seeing a bloody revolution as the above great leaders try to sort this one out. I just love the fact that both Italy and Greece have appointed ex Goldman Sacs employees to lead their countries. For Christ sake, Goldman Sacs and the big banks are what got us in this frickin mess. So here we go.


Lets extract the last bit of wealth from the regular folks with austerity and higher taxes to save the fat ass of the banksters. Just how long will that go on? Sell off public assets in a Shock Doctrine move, really? This watch is getting more interesting all the time. Gonna need some spurs, chaps and some good boots to ride this one out.

No comments:

Post a Comment