No More Pretending

Delusional hope produces nothing of value. Throughout my life I have sought to see things as they are. The past few months have provided me the opportunity to ponder current events against the tapestry of history.

“We have destroyed the Holocene biosphere, and it can never be rebuilt. We have inadvertently terraformed Earth into a different planet. This act cannot be undone; it is thermodynamically irreversible.” Desdemona

I leave it to climate change deniers to explain the recent wholesale collapse of fisheries with the increase in both reef and oceanic dead zones, the desertification of the world’s most productive land and the rapid transition from forest to desert by mega-fires.

The once frozen “methane bomb” has already gone off. The Arctic permafrost is already melting.

Large areas of Earth are becoming uninhabitable to mammals and their food plants. Most charismatic megafauna, such as elephants, rhinos and whales, will become extinct in a few decades. It is entirely likely that humans will follow them into oblivion.

For sure, this will be a bumpy road to total collapse and a few will manage to arrive in luxury SUVs. The rest of us, the vast majority, will see family and friends fall as we circle the drain together.

There are still resources that could be directed towards easing the necessary scaling back of empire and civilization as we know it. Scaling back in and of itself would help a great deal, perhaps forestalling human extinction as we adapt to an Earth that every day becomes more like Mars.

While President Obama takes on the ‘fat cat’ bankers the underlying collapse of the United State financial industry has yet to be addressed. The root problem is an excessive level of debt in the system at all levels, a level of debt that exceeds capacity to pay.

The problem in a nutshell – the banks are still hiding losses – big losses. Very little of the debt securitized by the housing bubble has been written off or yet foreclosed upon.

Loans are not being made to small business people because they have no collateral to pledge.  Being asked to pledge personal assets as collateral for a small business loan is standard operating procedure.

With most homes underwater, most small businesspeople have no assets to pledge as collateral. Debt problems go beyond the largest banks.

China bought zero U.S. Treasury debt in October. Now foreigners have become net sellers of U.S. Treasury debt instruments.

The problems began when raw materials producers stopped receiving parity pricing and needed to borrow in able to start a new round of production. A principle method of under-paying, paying less than parity, appears in the form of paying in debased money.

Meanwhile, here we are, nearly a year under a new administration. For feds, more get 6-figure salaries, in an attempt to keep up with debasement of U.S. money.

Seduced And Abandoned

Both Democrats and Republicans demonstrate a history of saying whatever seems required to become elected, seduce the electorate, and upon election conveniently explaining away or otherwise abandoning their earlier promises.

Everyone seems to condemn this behavior between individuals. The victims often appear unable to disengage on their own initiative. If fortunate, their family and/or friends provide counseling and intervention to help end these cycles of abuse.

Yet society as a whole suffers serial victimizations by these two mainstream political parties. Ever since the Reagan Administration identified government as the problem the resulting orgy of deregulation and bureaucratic bloating continues unabated from one election to the next.

Some wish to call them incompetent idiots. Others wish to call them lying frauds. I suggest we make peace and call them incompetent lying idiot frauds.

The system they destroy also provides all the wealth and power expended in the destruction. Literally self-destruction. It seems an entire spectrum of pathologies plague our financialized government.

Narcissism

Borderline Personality Disorder

Characteropathy

Sociopathy

Psychopathy

Witness the unnecessary pain, suffering and death. Unnecessary because it results from a financial services industry that compounds debt exponentially inevitably demands more wealth than the total sum of raw materials entering the economy.

Unnecessary because the government fails to enforce the Prompt Corrective Action Law and administers regulation in the interest of the financial services industry contrary to the interests of citizens.

This occurs simultaneously with a prison industry growing faster than it can expand, militarization of local police forces, the historic first ever active deployment of U.S. Armed Forces within the United States of America, de facto nullification of the Bill of Rights and an overall heightening of domestic security.

I hope you are debt free and likewise free from any form of wage slavery. At least that can give you a running start.