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Trillions of reasons to be optimistic
by Hazel Burke, Unknown News March 22, 2008
The so-called "Credit Crisis" is now a metaphysical crisis.
Americans, and other people all over the planet are
awakening and asking questions about
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At the end of all this, Americans will be hungry and
organized, which is a scary combination!
I think this is
inevitable, because we will have oodles of Experience.
We
will have seen the worst, most depraved atrocities of the
people in government and on Wall Street, and we will be
highly motivated to reclaim what is ours -- not just our
freedom, wealth, privacy and self-respect, but our country!
Maybe even the stars.
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Reality.
There is a
sense that the things which we were told and believed do
not make sense anymore. Alan Greenspan, the famous,
ex-bubble blower, once admitted that he and the Federal
Reserve were unable to actually define what is "money" (and
hence, their reports about the M3 money supply were not
grounded in reality). President Clinton famously posed
the question, "What is the definition of the word 'is'?"
Now everyone is asking what is what.
This is because in a very actualized, realized way,
Capitalism itself has failed in America, along with
Government. In theory the capital markets are supposed
to allocate capital so that it is put to use to create
goods and services. And the markets are supposed to --
theoretically -- process information, and via the
Invisible Hand, set prices and efficiently direct the
forces of production and investment.
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Instead we have "too big to be allowed to fail"
corporations who specialize in keeping any profits for
themselves and handing back to government the major
losses. Thus "capitalism", as practiced in the U.S., does the
exact opposite of what it's supposed to do: it
rewards the stupid, corrupt and inefficient by (mis)allocating capital from society at large to the biggest
losers. And, in the process, it gets the prices wrong
because it does not operate in a "free market".
Meanwhile, our government has failed, because our
politicians are functioning as sock-puppets who, 1) are
manipulated by wealthy political donors; 2) are
completely compromised by their past financial, sexual
and moral escapades; and 3) must operate within the
constraints imposed by the Military-Industrial-Entertainment complex. For example, the purpose of
FBI/CIA/NSA/DIA/etc. domestic spying is not to
protect America from terrorists or communists, but
rather, to provide compromising data about politicians
and other VIPs to those who desire operational control
over the country (but secretly, without accountability
or responsibility).
Thus, we can theorize credibly that the reason the
Democratic Party took no actions whatsoever to address
the many crimes, misdeeds failures of the Bush
Administration is that most of them are compromised.
Someone somewhere has the dirty dirt on nearly every
politician in America, and when The Powers That Be say
"Jump!", the politicians say, "How high, sir? And may I
have another?" In fact, we should probably require
every politician to undergo monthly polygraph tests
to determine whether or not they are free from
extortion schemes and not participating in any
bribery schemes.
This is no "conspiracy theory". It is fact-based. Think
about how bad things have gotten when the Governor of New
York can't even get laid without a posse of G-Men tailing
him and wiretapping his phones. The guy is a mega-millionaire, a Big Time millionaire. In Nevada, Spitzer
could have legally paid for sex with 10,000 whores, so what
is the big deal here (and why didn't he do that)?
What makes the problem of compromised, "owned"
politicians so much worse now is that because the
Religious Right has a hammer-lock on the Republican
Party, nearly every politician has to claim to be
religious, "saved" and to "love Jesus". Which means
that everyone is in the closet about everything, and
even the slightest "sin" means political death to a
politician. The NSA, CIA, FBI and the DIA probably
know who every politician has ever slept with.
I am guessing that the reason there are so many
intelligence agencies has nothing to do with the number
or variety of enemies. Having an intelligence agency in
your bureaucracy is like owning an information bank. It
is pure gold. Like if the president-elect decides to
cut back on R&D for Star Wars, the DIA pulls out a
dossier full of 8" by 10" color glossies and begs him
or her to "reconsider".
Still though, I believe that there is reason to have Hope in
America in spite of our reality-based crisis. Thanks to the
internet, and thanks to the monumental errors made by The
Powers That Be during the past ten years, millions of people
are learning about things which are actually True and useful
to know. We are adapting, growing and evolving in response
to the informationally-rich nutrient broth of the internet.
For example, consider how the stock market crash of 2001
taught many millions of individuals harsh lessons, while the
perpetrators of the white collar crimes got away clean. What
happened then, during the next Bubble? Well, we see that the
institutions who got away clean last time didn't learn
because they were not punished, and so went to work and
really outdid themselves with a planetary Ponzi Scheme! And
did individuals get burned this time in stocks? Well, I
guess we'll find out eventually, but I haven't read much on
the internet about that happening. Instead it is these mega-corporations themselves who screwed themselves and each
other in the most thorough way that could be imagined!
(I think we have new nominees for the 2008 Darwin Awards.)
We have read about millions of people who made unwise
"investments" in real estate, especially the "sub-prime"
individuals, but millions more actually did get rich. And
the fact is that mortgages are generally non-recourse loans;
defaulting may screw up your credit rating, but the
lender can't come after the rest of your assets. Not unless
you took out a second mortgage. So millions of individuals
can just "jingle mail" their house keys to BofA and walk
away, scot-free! Their wagers didn't succeed, but in 11
years they will have clean credit files again, and in the
meantime they can
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Capitalism itself has failed in America, along with
Government.
In theory the capital markets are supposed
to allocate capital so that it is put to use to create
goods and services.
And the markets are supposed to --
theoretically -- process information, and via the
Invisible Hand, set prices and efficiently direct the
forces of production and investment.
Instead we have "too big to be allowed to fail"
corporations who specialize in keeping any profits for
themselves and handing back to government the major
losses.
Thus "capitalism", as practiced in the U.S., does the
exact opposite of what it's supposed to do: it
rewards the stupid, corrupt and inefficient by (mis)allocating capital from society at large to the biggest
losers.
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rent. So really, it is the BofA's who are
getting screwed this time, which is why they are the ones
demanding Socialism Mortgages; they claim it is for the
good of the country, and necessary.
The socialized losses -- AKA "bail-outs" -- will be at least
$1 trillion, and probably much more when you total the
direct payments and the resulting inflation (which steals
from the poor, savers, widows and orphans.) Add in the $2
trillion Iraq fuck-ups and voila, everyone is fully aware of
The Truth, because The Truth has gotten too big to hide! In 2017 when the Social Security
Trust fund is required to start paying out some of the
trillions of dollars they've taken out of our paychecks over
the decades, individuals are not going to be receptive to
politicians saying that Social Security is broke. Same for
Medicare. If we can have socialized mortgages, socialized
banking and socialized stock markets, then why NOT
socialized medicine?
By the time this whole credit crisis and metaphysical
awakening is complete, I think America will possess many
tens of millions of reality-based citizens who are astute
and well-informed. The peer pressure to act stupid and
ignorant, like our President Bush, will vanish. People will
believe that it is a good thing for a President to be able
to speak English. We'll expect our President to know at
least one language! And people will come to appreciate both
the cunning of Good Old Boys and the geekiness of Smart-Ass Young City Slickers, and I think both groups will find
that they have things in common.
At the end of all this, Americans will be hungry and
organized, which is a scary combination! I think this is
inevitable, because we will have oodles of Experience. We
will have seen the worst, most depraved atrocities of the
people in government and on Wall Street, and we will be
highly motivated to reclaim what is ours -- not just our
freedom, wealth, privacy and self-respect, but our country!
Maybe even the stars.
There is no going back, from here the only way forward is up
and out! Other Planet Earthers had better keep a sharp eye
out too, because they haven't seen us Americans living up to our
potential for many decades. When we finally get our shit
together it is going to be awesome!
© by the author.
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BIG BROTHER BUSH
IS WATCHING YOU
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