How ironic, that the architects of the imminent Doom of the global debt based economic system, are the creations of it’s greatest beneficiaries. The current crisis, artificially imposed on the national agenda, is, at root, a crisis of Faith.
The System relies on Faith…..Faith that that green piece of paper, with arcane symbols printed on it, is actually Worth Something…Faith that it has Value.
I’ve advocated a tearing down of the entire edifice of the Machine for a long time…the Machine is too large, complex and composed of “fixes” piled upon “fixes” to ever be “reformed” sufficiently…to be made Ethical, etc. I’ve said that it must, instead, be destroyed, so that we can begin again…and hopefully, this time, construct something that is both Ethical, as well as Sustainable.
This Creature of the corporate Machine, the so-called Tea Party Movement, is on the verge of doing just that.
I do not think that this was it’s intended function…there must be quite a bit of Freaking Out, in the boardrooms and Think Tanks, at this moment….perhaps akin to Einstein, and colleagues, watching news reels of Hiroshima…”What have we done?”
The Fast-Crash, versus Slow Crash Arguments we had at Latoc are about to become Moot. This is the economic iteration of the Protestant Reformation…95 Theses, nailed to the Door…The long, slow decline…the slope we were coasting down …at the end of which was likely a sudden drop…has been replaced by a hard right turn, right off the adjoining cliff…
I’d like to be a fly on the wall…rather, several hundred flies on as many walls…
Obama can, of course, use the machinery of the Imperial Presidency (thanks, George…) to Unilaterally “raise the debt ceiling”…it’s kind of arbitrary, any way…
Similarly, the Fed, and Bernanke, could Cancel the Debt “we owe to ourselves”…thus averting the “crisis”…
Or, the Tea People in the House could cave…
But, does it really matter, at this point?
The proverbial cat is out of the bag….and it appears to be lifeless.
Money is fiction.
All this current Kabuki is doing is stripping away the collective Hallucination that Money ever had any “Value” in the first place.
Should be an interesting time to be alive.
However, a warning is in order….the Forces of Darkness, those who support the Machine…from Economists to Modern day Prophets to would be Dictators are waiting in the wings for just such a crisis.
Folks of a of a more Liberal Orientation should be, as well…with a New Paradigm in hand.
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