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02/17/2013

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Oliver

This upside-down morality is truly symbolic of a civilization in its death throes. Death is the operative word. Leaving aside the death of truth in economics, there are imperial state-appointed death squads roving the ex-Land of the Free and the entire globe, whether it's the non-judicial deliberate burning to death of an ex-policeman suspect in California or the indiscriminate remote-control drone strikes slaughtering children and women alongside one or two suspected jihadists. Due process is dead. The American Dream is dead. Freedom of assembly is dying, if not already dead. Food safety is dead. Independent mass media are dead. State respect for basic human rights is dead. An impartial Supreme Court is dead and gone. Just as bad, critical thinking is dead and buried under a mound of dum-dum popular "culture" and brain-numbing fast food and turn-a-blind-eye street corner narcotics - except for a handful of educated independent minds hanging on at the edges of the whirligig.

Depressed? Not me. We The People created the planters who planted these seeds and nurtured them, and now we are all reaping the harvest. So three cheers for our success in getting the job done. Mission accomplished.

Clyde

Or you could become highly qualified in geology and end up stacking shelves for no wage for a corporation -

http://www.bbc.co.uk/news/uk-politics-21490542

Iain Duncan-Smith: Puppet slave-master or tory government minister? You decide.

Bill McDonald

Part of the banking elite should be ecstatic as they can pop the cars when the loans go bad, and the "students" can not bankrupt on the debt- and the co-signors can lose their social security and military retirement income to garnishment, at least in part.

I didn't mention that with compound interest the size of the loan amount will be astronomical by the time the "student's" retirement income will be seized, as I don't want to be accused of "piling on."

Makati1

Assuming that the US economy survives a few more years, the number of guns in the hands of it's citizens will double. Then the police, National Guard, and military members will have to decide weither they fire on their neighbors, stay home and protect their families, or turn against the government. Any of the three will mean chaos and a quick plunge to 3rd world levels. Any bets?

Andy

Wrong, there is no good news here. The entire Fiat Ponzi is based on ever increasing debt. Like any good ponzi the wheels come off once you exits outnumber entrants. A debt based economy needs ever increasing amounts of debts to pay the unpayable interest. QED increased debts = bad, reduced debts = bad.

Kind of a Lose, Lose situation really. Hardwired into the very fabric of the way we chose to organise ourselves.

I read your blog every day, rarely comment, but I do appreciate the effort you put in.

regards

Alexander Ač

And furhter on: "greed is good", "war is peace", "climate change is good", "obesity is healthy", "people are rational", etc. ...any others?

cheers,

Alex

Clyde

Alex, how about Freedom is Slavery, Love is Hate?

"To know and not to know, to be conscious of complete truthfulness while telling carefully constructed lies, to hold simultaneously two opinions which cancelled out, knowing them to be contradictory and believing in both of them, to use logic against logic, to repudiate morality while laying claim to it, to believe that democracy was impossible and that the Party was the guardian of democracy, to forget, whatever it was necessary to forget, then to draw it back into memory again at the moment when it was needed, and then promptly to forget it again, and above all, to apply the same process to the process itself" G. Orwell.

Oliver

Alex and Clyde - Do you think that when 1984 was published in 1949, that was the cue to shut down operations on planet earth? As we know, genius George died soon after aged just 46, and since then no one in power anywhere has taken any notice of the message - and just about everything in the book has come to pass in terms of systemic degeneration.

Clyde

Oliver, the thing is that in the world Orwell created/envisioned there was no single cue for anyone to notice. It just sort of crept up on everyone and no-one even noticed. Just as it always was.

There have been so many cues to stop in our real world that we couldn't possibly have missed them all, but we sure have.
Maybe the dawn of agriculture was the first but who knows?

John D

In my neck of the woods, Payday Loan and Car Title Loan offices are popping up like dandelions. The leeches are still trying to squeeze blood out of turnips.

Petros

Actually it's very good news if you're an elit, since your life has just become so much easier. No need for subtle propaganda to get the masses where you want them to. The price mechanism will do the job for you just by itself; being in debt out of need (i.e. having little discretionary income) makes you that more responsive to price cues, whereas savings act as a buffer against price changes making you less responsive (for as long as your savings can afford it that is).

Thus if you want subjects that are "obedient" to the market's commands -a well lubricated economy- you better keep their attention captured. Those that listen will act in an economically rational way - those that don't will simply fall victims to progress for being irrational and choosing to ignore the market.

Natural selection in the economic life in fast forward mode; the fittest here being the most economically rational. That's how democracy becomes obsolete, just a meaningless tradition, or in biological terms a vestige that serves no useful function to society anymore - the equivalent of the human appendix.

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