William K. Black once again points out the obvious in:
While Mr. Black does an excellent job in explaining significant aspects of our current situation (and I do recommend you read it for that alone) it still seems somewhat naive to me. Over at the Market Ticker, Karl Denninger, picks up the chorus and makes a few of the implications very explicit.
I recommend you read Mr. Denninger as well. But the guy who puts a different spin on all of this is Eric deCarbonnel of MarketSkeptics.com, who just launched a new blog called The Final Fraud In The US Ponzi Scheme. He plans on charging for access to his big report but you can figure out most of it from what he gives away.
For me, the take away point is that the bankers are in many ways stooges, patsies and fall guys for the government. Just as certain as the big money makers will take the blame, government will slip by most people as the real puppet master behind the impoverishment of the United States people.
The recovery helped the .01% of the United States financial elite avoid making good on its bad bets and it will be the financial elite who will be further vilified in the eyes of the general public. The Obama and Bush administrations are being written off as politicians for hire, mercenary media manipulators and Wall Street whores.
Please notice: in all of this no one in mainstream media mentions government itself.
Government, played as a tag team match with the Republican and Democratic Parties on one side against industrial and agricultural workers on the other, is a rigged game. Government makes the rules and when it looks like they still might lose government changes the rules.
The government recently made enough changes to the rules to make further criticism of the government risky business. Governments come attached to nations, governments are the hidden price of nationhood.
The solution to the problems of government lies in our need to identify with nationality. Once, most people thought it OK to kill for God.
Now we see that it is not OK to kill for God any more, especially if you call God, Allah. But you really cannot get away with killing for God even if you are Christian.
You can only get away with killing in the name of a nation. That is what the Middle East conflict is really all about.
Religions are no longer approved receptacles for our group psychotic decisions. Only nations bare that stamp of approval.
No longer sacrificing children and slaves in the name of an offended God, we now sacrifice children and citizens in the name of an offended national sensibility.
The largest part of our mining, refining, manufacturing and polluting goes not to meet our needs for food and shelter. Most of it goes to satisfy our group psychotic decisions.
The same goes for the financial services industry. And the government runs it all, one way or another.
Until people overcome their need to destroy the earth in order to more efficiently sacrifice their children and fellow adult human beings we have likely prognostications. For one, it seems that an exhaustion of resources combined with reduced livability of the planet as a whole does slow down business as usual.
And slowing down business as usual will mean its end. Eventually.
What replaces it is anyone’s bet. Will the human race finally overcome its need for blood sacrifice in its group psychotic decisions?
Will that mean we can stop destroying the planet, yet?
Will individuals overcome their need to join in group psychotic decisions in the first place? Stay alive for the exciting answer.
And watch out for the fallout from those group psychotic decisions out there all those other people are making.
