This page has been archived and commenting is disabled.
How This Debt-Addicted World Could Go The Way Of The Mayans
Authored Op-Ed by Satyajit Das, originally posted at MarketWatch,
Paying a high price for too many elites and their ‘frivolous cravings’.
Getty Images
Nowadays many countries’ social and political structure relies on debt-driven consumption and increasing levels of entitlements.
Blame the policy makers. To drive economic growth, boost living standards, and manage growing inequality, policy makers have used debt and monetary tools to create economic activity. This has resulted in excessive borrowing and imbalances in global trade and capital.
Governments played a part, too, allowing the buildup of social entitlements to win or maintain office. Private companies also encouraged the growth of employee benefits to avoid immediate pressure on wages as well as boost current earnings and share prices.
But such expensive commitments were rarely fully funded.
Rather than deal with the fundamental issues, policy makers substituted public spending, financed by government debt or central banks, to boost demand. Strong growth and higher inflation, they hoped or believed, would correct the problems.
The current state of affairs echoes Archaeologist Arthur Demarest’s observation about the Mayan civilization: “Society had evolved too many elites, all demanding exotic baubles…all needed quetzal feathers, jade, obsidian, fine chert, and animal furs. Nobility is expensive, non-productive and parasitic, siphoning away too much of society’s energy to satisfy its frivolous cravings.”
Seven years into this crisis, the level of debt in major economies has increased. Global imbalances have decreased, but primarily as a result of slower economic growth. Countries such as China and Germany are reluctant to inflate their domestic economies, moving away from their export-driven model. Major borrowers, such as the U.S., refuse to reduce spending and bring their public finances into order. Enthusiasm for fundamental financial reform has dissipated, driven by concern that lower credit growth will decrease economic growth.
Policy makers refused to acknowledge that available fiscal and monetary policy tools cannot address the underlying problems. They repeatedly use complex jargon, obscure mathematics and tired ideologies to disguise their failures and limitations. Perhaps, as the writer G. K. Chesterton suggested: “It isn’t that they can’t see the solution. It is that they can’t see the problem.”
The policies, now centered around debt monetization entailing zero interest-rates and quantitative easing (QE), have potentially destructive side effects:
Punishing frugality and thrift, and rewarding borrowing, profligacy, excess, and waste.
The resultant loss of purchasing power effectively represents a tax on holders of money and sovereign debt. It redistributes real resources from savers to borrowers and the issuer of the currency, resulting in diminution of wealth over time.
Debt monetization also creates moral hazards. Low rates and easy availability of credit reduces market discipline. Borrowers face less pressure to cut back on their debts. Low borrowing costs allow unproductive investment to be maintained. It reduces incentives for governments to bring public finances under control.
Ultimately, the policies being used to manage the debt crisis punish frugality and thrift, and reward borrowing, profligacy, excess, and waste.
The policies might have been defensible if successful. But evidence to date suggests that policy makers are unlikely to succeed. The Bank for International Settlements and other central bankers now stress the limits to monetary policy in boosting economic growth without addressing the underlying issues.
Ordinary people fear the consequences on their lives from the Great Unraveling. The political and social response is likely to be volatile. It was the fear and disaffection of middle-class citizens who had lost their savings in the Great Depression that gave rise to fascism.
Governments have shown little willingness to inform the electorate about the magnitude of the economic problems, the lack of solutions, and cost of possible corrective actions. Politicians have taken regard of historian Simon Schama’s comment that no one ever won an election by telling voters it had come to the end of its “providential allotment of inexhaustible plenty.” In a moment of unusual candor, Prime Minister of Luxembourg and Head of the Euro-Group Jean-Claude Junker stated: “We all know what to do, we just don’t know how to get re-elected after we have done it.”
Precious political and economic capital has been wasted with inadequate policies that have side effects and decrease chances of a recovery. For policy makers everywhere, to paraphrase Alexander Solzhenitsyn, the “permanent lie [has become] the only safe form of existence.”
»
- 47030 reads
- Printer-friendly version
- Send to friend
- advertisements -
Could go? LOL, on a long enough timeline...
While there is no doubt our debt based monetary system will fail that does not mean our society will collapse. Will it be rough? Yes. Could it cause a step back? Yes. Will we recover, yes in time we probably will.
http://debtcrash.report/entry/us-strength-in-the-upcoming-monetary-shift
Yes, life will go on...
mayans built those because once in a while the ocean would tsunami !
Evolving technology allows people to do more with less input, expanding government forces people to do less with more input.
"Go The Way Of The Mayans"
Cool. We're going to flatten and/or deform our children's heads?
The demise of the Mayans has been greatly exaggerated. The Mayans still live in southern Mexico where they have always lived.
What meet its demise was the corrupt self serving Mayan aristocracy. They are better off without it.
Yup. They had societal collapses in the usually lush hills and valleys of Southern Mexico and Guatamala every 200 years or so due to cyclical droughts (that are occuring once again) and even the oldest great cities like Tikal were often ravaged by drought. The cities in the Yucatan however still thrived since they had access to constant water supplies from the cenotes.
Mayan is the language
The people are the Maya
and Ms. Angelou was a poet
So the Roman people are actually the Roma?
Gawd no.... Roma. That's a tomato.....
Debt is the Syphilis of the modern world.
This just in...
We have the first photographs of a new planet (Jupiter-like exoplanet) 50 light years away that probably hasn't be plundered or saddled with debt yet.
Beautiful images from a La Silla observatory in Chile.
http://www.eso.org/public/news/eso1517/
Always useful to know
Jews are the syphilis of the modern world!
Jews are the syphilis of the modern world!
Of course.
I used to be able to survive on a CNote, but the times they are a changin.
You're thinking of Democrats......
Mayans didn't have the ability to destory everyone on the planet. Let's pray nuclear missiles all stay in their silos, because if they don't, there probably won't be a future civilization to look back upon us, as we do the Mayans.
Personally, I'm rooting for the tardigrades...
The whole she-bang goes Ka-bLewie as soon as everyone, or at least a large portion of the population understands that they no longer have a rats chance in hell of getting rich. Game over!!!!
Wow, even Marketwatch is publishing that it isn't working. That banner is starting to show up in places that can't be ignored by the Fed, but what can they do? Raising rates will be like flushing the economy and admitting it was a failed policy to begin with.
"The resultant loss of purchasing power effectively represents a tax on holders of money and sovereign debt. It redistributes real resources from savers to borrowers and the issuer of the currency, resulting in diminution of wealth over time.
Debt monetization also creates moral hazards. Low rates and easy availability of credit reduces market discipline. Borrowers face less pressure to cut back on their debts. Low borrowing costs allow unproductive investment to be maintained. It reduces incentives for governments to bring public finances under control.
Ultimately, the policies being used to manage the debt crisis punish frugality and thrift, and reward borrowing, profligacy, excess, and waste."
I think six years into this is enough to considered "overtime" and not just "over time"
ZH's "jump the shark" moment... Fucking reposting from MarketWatch.
Clearly this is a click-bait site designed to pad everyone's electronic profile, gauge crowd sentiment and set us all up.
Good bye ZH. Just another sell-out.
Sure, it is a fluff piece, but it is not about marketwatch.
The simple truth is that you swung, missed, and struck out badly on this one.
Find out who Satyajit Das is and check out his extensive body of work before your next turn at bat.
You can start here, here, and here.
time to triple down on it.
i triple dog dare the fed to raise rates!
http://monoskop.org/File:Tainter_Joseph_The_Collapse_of_Complex_Societie...
The ruling elected turds & their crony o.1% elite need to have their skin sandpapered off & buried in salt.
Repudiate, mothafucka!
Repothicate, Mothafucka
Reprobate, Mothafucka
Regurgitate, Mothafucka........
NYC may die, but the rats in that town will live forever !
This whole scam goes back a lot longer. Legal tender laws are the key in this country. They violate the 5th amendment. But they wouldn't let that stop them. lol
So when the court strikes down the legal tender law, what do those who really run things do? Well they ALREADY knew that the decision was coming. Something this important never “just happens”. They were ready for it. They knew they wouldn’t have the votes so they had gotten a law passed right before it came down to BUMP UP the number of justices BACK up to 9. And while the Southern States were operated under military occupation in this great free country, they got their man Grant and the reconstruction Congress to put two justices on the court that were friendly to the concept of stealing from the people. And thus just ONE YEAR after the decision STRIKING DOWN the legal tender scam they REVERSED the decision. Knox v. Lee, 79 U.S. 457 (1871). http://www.thetruthaboutthelaw.com/they-make-you-use-money-that-is-backe...
"This whole scam goes back a lot longer. Legal tender laws are the key in this country. They violate the 5th amendment. But they wouldn't let that stop them. lol"
Something I've never understood about yanks - and I've been saying this for the last 20 years - is I constantly read comments with "but, but, but... dah constitution sez.." as though it matters. It's been trampled over for decades yet most don't even realise. Sad really.
When are the "High Priests" in DC going to start making Blood Sacrifices on the steps of the US Capitol Building?
I think they'll officially move the government to the Third Temple in Israel before they start the real fun stuff.
They are already engaged in it,
but not on the Capitol steps,
rather all over the USA,
to the tune of ~1 million human sacrifices to Molech annually.
http://www.abort73.com/abortion_facts/us_abortion_statistics/
Bernanke and the rest of the PhDs that steered the boat to the a faster demise of the US dollar. There was a time when they could of let the too big to fail go into receivership.
Bretton woodie.
Creepy and poingant. "Imagine a world ruled by psychopaths...." I bow before your greatness WB.
_(._.)_
Be sure and save some tabasco for your bankster-ka-bobs.
A flame proof suit may be needed...
Ultimately, the policies being used to manage the debt crisis punish frugality and thrift, and reward borrowing, profligacy, excess, and waste.
Their goal is to control profligacy, excess and waste by eventually rationing resources from a strict top down totalitarian dictatorship called technocracy.
Prime Minister of Luxembourg and Head of the Euro-Group Jean-Claude Junker stated: “We all know what to do, we just don’t know how to get re-elected after we have done it.”
It's almost a zero percent probability that they know what to do.
All Monsieur Juncker is concerned about is where he'll get his next drink from. The pissed old cunt.
Remember "Savings Banks, Savings and Loans banks, Thrift institutions"? Names like Merchants banks, Farmers, Mechanics, evevn "Seamen's Bank"( which would make me chuckle"
All names of a economy and a financial system that served a productive economy. Now we properly should have Rent Seekers, or Crony or K Street Rape And Sodomy Bank.
If only Southern plantation owners thought to print paper and "pay" negro slaves that would have to pay for food and housing. We'd have today for the wage slave worker. Oh, plus taxes of course. Workers...sslaces would have to pay. Did Karl Marx say all workers have to lose to be free were fiat banksters?
Dark Ages 2.0. Be rich or be poor. Power versus powerless.
Things will get much worse before Renaissance 2.0.
The dark ages were a joyous time before the elite garnered power behind the law. Once men were made to bow before lord king or church history was recorded by the elite and the free times called dark...
Religion failed and the State failed. Wonder what's next?
Science will fail... people will realize that technology will not save us, and that which we believed to be untarnished is as corrupt as every other human institution.
Then maybe people will grow up, or perhaps better said, sober up and empower themselves rather than assume an outside agency is the savior. This of course is the antithesis of what the modern state is trying to accomplish creating subjects who are kept infantile, dependent, and highly manipulable zombies, so I remain a pessimist...
Mayan, Roman, Easter Islanders, Chicoan, Aztec, etc.. All civilizations eventually peak then disappear from existence for a variety of reasons. Ours will be no different...
http://olduvai.ca
"Paying a high price for too many elites and their ‘frivolous cravings’."
"Paying" implies agreement and participation in some kind of voluntary trade or deal. That cannot be the case because Zion and their plundering banksters do not have the consent of any of their victims.
Liberty is a demand. Tyranny is submission.
I withdraw my consent from the US, and I never consented to Zion.
Nobody is watching the now $18.2 trilllion deficit grow to $19 trillion. By the end of Obama's term it will be $20 trillion.
What's a trillion or two between friends?
Lend me one, you know I'm good for it.
The Mayan civilization ended because of climate change caused by all their human sacrifices. Every schoolboy knows that.
"How This Debt-Addicted World Could Go The Way Of The Mayans"
Title is funny...... The Mayan culture was decimated by the new technology called "money" although THAT part of history is stifled to this day.
Yeah, well that and syphilis, courtesy of the Spaniards.
Sorry, but you're probably wrong. http://archive.archaeology.org/9701/newsbriefs/syphilis.html
The Mayan culture failed because they refused to let their culture's pussies and wimps make them feel guilty for their successes and accomplishments.
If by 'elites' you mean Jews, then I agree.
Common stock as private money shares wealth and power but why would anyone with equity share when government-subsidized private credit creation allows them to legally steal their neighbors' purchasing power?
no one knows what happened to the mayans, the current system is busy making itself obsolete. the fed wants to destroy cash as a store of money, really, then what the hell advantage is there to printing it? the fed is quietly making itself irrelevant. the problem for most of their members is academic isolation. their policy is an experiment.the reality of a transaction only currency is a game changer. gold becomes the real currency where you put your money when you have to put it somewhere. and without jobs the government has to duty to created employment, or improve business. the NSA can spy on you, what if you dont have an SSN or a drivers license? the world is changing. thats all. the mayans went back into the jungle.
I think, at the End, the only thing left to eat was Algae, in huge tanks
As long as it doesn't go they way of the Byzantines. I fucking HATE Byzantines.......
The fate of the Ottoman Empire is well described....
OK - am I the only one that saw the Getty Images pic of an anal probe in this article and wondered what was the final outcome of Andrew Getty's death. Fuk Rorschach if that is your answer.
I visited that Mayan city, known as 'Tikal' in Guatemala, unless there is another place that looks just exactly like it.
Very impressive ancient city and 95% of it is still covered up and hidden by the jungle, yet there are many structures as seen in the photo that can be explored. I think that vertical pyramid shown is the 'Temple of the Jaguar' but it directly faces, and mirrors, another one that looks just like it across the large courtyard at the bottom. (No virgins were sacrificed or injured on my trip, but a tourist the year before fell down the steep steps of th pyramid and died.)
Here are some more signs of a coming recession.
http://michaelekelley.com/2014/12/20/leveraged-loans-predict-crash/
http://michaelekelley.com/2015/02/20/fed-warns-of-two-bubbles/
http://michaelekelley.com/2015/02/24/would-you-pay-39-more-than-asked/
Here is how to prepare yourself.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
Good luck!
Money is obviously "a promise to complete a trade". And such a promise is obviously a "debt." And it's obviously silly to claim paying for objects with money is bad. The idea of money was created specifically to enhance simple barter by allowing it to happen over time and space.
So what's the problem? The only problem can be "DEFAULT". It a trader fails to deliver on his trading promise, that's obviously a problem. Since money completes one side of the trade immediately (money is an object of simple barter), it is the marketplace that suffers the default ... not the trader's counterparty.
To rectify this, an amount of INTEREST equal to DEFAULTS experienced must be collected to guarantee to the marketplace that the value of money circulating will never change ... any time ... any where.
This condition is achieved through proper management. Traders promises are recorded and certified. The certificates then circulate as money until the trader completes his trading promise by returning money as agreed. The money is then expunged.
If the trader doesn't return the money as promised, the DEFAULT is immediately recovered through like INTEREST collections guaranteeing INFLATION at zero by the relation: INFLATION = DEFAULT - INTEREST = zero.
It's oh so simple. Don't buy into this "debt is scary" nonsense. What is scary is DEFAULT, and to keep it from cascading, INTEREST is collected. This is a natural negative feedback mechanism.
Um...excuse me but....
where does all that "money" come from when you get a credit card from the bank? Who decides how much value exists in an economy and who decides how much money should be emplaced to reflect it? The bankers, my friend. And they create it in the form of debt to you and me.
Um...excuse me but....
where does all that "money" come from when you get a credit card from the bank? Who decides how much value exists in an economy and who decides how much money should be emplaced to reflect it? The bankers, my friend. And they create it in the form of debt to you and me.
Um ... you're not paying attention.
The bankers are our current Medium of Exchange (MOE) managers. They mismanage the MOE with the purpose of feathering their own nest. That comes in the form of favorable financing to themselves and government financing through inflation. It comes through market manipulation they call the business cycle (their farming operation).
Under proper MOE management, those practices can not take place.
Take your credit card debt case. It is you, the trader that create the debt. It is you, the trader that expunges the debt. The banks who facilitate that creation can't inject that money, you the trader created, into the marketplace. They can only hitch a ride to it. Their ride is manipulated INTEREST collections (their INTEREST collections have no linkage to DEFAULTs. They can't (won't) even tell you what DEFAULTs are occurring). Through manipulation of INTEREST and through throttling your ability to get your trading promises certified, they control the business cycle (actually their farming operation).
By guaranteeing non-zero INFLATION, they support the government financing that is so huge it cannot be met by taxation. All government trading promises are DEFAULTs at inception. They have no intention of completing their trades and returning and expunging the money. They just roll it over ... and that's DEFAULT. Further, they pay almost no INTEREST ... and as I have illustrated, that guarantees the INFLATION they enjoy.
Get it???
Get it !!!
Oh. Sure fascism like in what group of citizens would that be. The young? The poor ? The minorities? We are balkanized now there can be no political solution that gets enough momentum to change. A lot of young poor people would vote to end social security for everyone immediately if it meant an extra $50 in food stamps.
The grand arc of Neolithic Civilization is much worse than merely the decline and fall of any of its particular instances. The basic nature of social pyramid systems is the ability to organize society through backing up lies with violence. Civilizations were always based on the principles and methods of organized crime. The way to understand the politics of recent times is primarily through the triumphs of technologically amplified organized crime.
That is as fundamental as animal pecking orders, and was present in various hominoid groups as the dominance of their biggest bullies. What is NEW is the development of science and technology, which was primarily applied to become better at achieving social dominance and control through backing up lies with violence on astronomically amplified scales.
There is nothing novel in the human psychology. However, what is NEW is the growing Grand Canyon Chasms between progress in physical science, versus nothing like that in political science, because more radical truths about human societies is something that those human societies do not like. The established social systems are based on relatively small groups who specialized in being dishonest and backing that up with violence, controlling much larger groups who were kept ignorant and afraid.
Couple those fundamental social facts with exponential progress in science and technology, and we get exponential growth in the overall ways that society becomes terminally sick and insane, because the fundamentals are still ENFORCING FRAUDS, whereby the ability to dominate civilizations through backing up lies with violence becomes more psychotic the more successful that becomes.
However, it is NOT politically possible to do anything to prevent that runaway criminal insanity from automatically getting worse, faster. Furthermore, given the scale upon which that is now happening, it is not really possible to effectively prepare for that happening either. Moreover, it is even less possible to get enough people to look any deeper at the nature of those problems, since the established systems are based on almost nothing else than organized crime, surrounded by controlled opposition groups.
Debt addiction did not happen by accident. Those who benefited from making and maintaining the debt slavery systems did that deliberately. Furthermore, that debt slavery system did not become exponentially worse, and generate debt insanities by accident, but rather because the fundamental structure of that system drove that to happen.
The issues are that the debt controls depend upon the death controls. History selected for those to be most successful within society by being done through the maximum possible frauds and deceits. Those who were the most successful at being dishonest and backing that up with violence made and maintained the social systems, while everyone else adapted to accept that, and survive within those systems, or else they were murdered. Debt slavery was basically a slavery system: "Do what I say, or I will kill you."
Nothing about that is new. The small minority that did the killing controlled the large majority that agreed to do what they were told, or else they would be murdered. The only thing that is new is that MAD Money As Debt has become globalized electronic monkey money frauds, which is backed by the MAD Mutual Assured Destruction, from the threat of force from apes with atomic bombs.
Hence, nothing is new in the human psychology. Arguments which are based on solely upon psychology add nothing new to understanding the problems. It tends to be useless to talk about "greed" unless one recognizes what changed with respect to the technologies implementing the incentives to enable to realize that greed. The only things that are NEW are the progress in science, enabling technologies to become trillions of times more powerful.
In theory, the only ways to cope with that, in order that human beings could survive having developed those physical technologies, would be to develop a radically different political science, that could understand and resolve the chronic political problems better. However, since the established systems are based on the ruling classes being dishonest and violent, while those they rule over are thereby kept ignorant and afraid, developing any better political resolutions to the chronic political problems is practically impossible.
The only things that are happening are that the series of industrial revolutions are enabling some people to get away with being more dishonest and more violent, which then drives the overall civilization to develop greater and greater attitudes of evil deliberate ignorance. The deeper levels are as follows: the death controls are and must be central to all other controls. The established death controls developed through the history of warfare to be most socially successful when done in the most deceitful and treacherous ways. Upon that foundation was built the currently established political economy, based upon ENFORCING FRAUDS, which have manifested as the MAD Money As Debt systems becoming more sophisticated forms of debt slavery, which have done what they were designed to do by driving their numbers towards the absurdities of manifesting runaway debt insanities.
The only realistic resolutions of those problems are for those debt insanities to provoke death insanities. The only remotely possible better outcomes would be for human beings to be able to develop politics that could achieve better death control systems. However, given that the existing systems are operated by the best available professional liars and immaculate hypocrites, in both the core organized crime groups that made and maintained governments, and controlled what those governments actually did, as well as in their surrounding sorts of controlled opposition groups, it is politically impossible for almost anyone to promote more radical truths about that situation.
The paradoxes are that natural selection was internalized as human intelligence, and then human intelligence was directed to the most important selection pressures, which were other human beings, in order to go through the history of warfare and economics, in ways whereby the most important forms of human intelligence were applications to become better at backing up deceits with destruction, or enforcing frauds, while those doing that the most became the best at getting away with being deceitful and fraudulent, while those who were less able to do that adapted by surviving in ways whereby they accepted that the world was being controlled by lies backed by violence, which social facts they would tend to agree to deliberately ignore and not talk about.
The social successes of pyramid systems based on being able to back up lies with violence have become expedient sets of solutions to chronic political problems which are inherent in the nature of life, in ways which have become dead-end criminal insanities. Overall, societies which are based upon successfully enforcing frauds become terminally sick and insane. The more that progress in science and technology is applied to enable civilization to become better at controlling itself through backing up lies with violence, driving the associated evil deliberate ignorance that accompanies those developments, then the more psychotically out of touch with relatively more objective facts that sort of civilization becomes.
Understanding the ways that the world is controlled by runaway systems of legalized lies, backed by legalized violence, which are constantly becoming more criminally insane, since that violence never makes those lies stop being false, does NOT make any difference to the ways that that world is STILL being controlled by systems of enforced frauds.
Progress in science and technologies enables the lies backed by violence to become electronic frauds, backed by atomic bombs. However, there continues to be no progress in political science, and no better political resolutions to the real problems, which are automatically being driven to get worse faster, because of the basic nature of those systems, whereby the ruling classes continue to be dishonest and violent, and perfect their abilities to do that, which makes sure that most of the rest of population continues to be kept too ignorant and afraid to be able to effectively respond.
The current systems continue being almost nothing but organized crime, surrounded by controlled opposition. That controlled opposition never proposes anything else than bullshit "solutions," because they were always controlled to stay within the same frame of reference as the biggest bullies originally made and maintained, as the ways that civilization was controlled by being able to back up lies with violence.
The double whammy dilemmas are that there must necessarily be death controls, but those which actually exist operate through the maximum possible deceits regarding themselves, and those kinds of deceits are shared by the controlled opposition groups just as much as those deceits are promoted by the ruling classes. While it theoretically possible that human beings could understand their political problems better, and thus, resolve those problems better, pretty well everything that currently exists, as the established systems and their controlled opposition groups, are obstacles in the way of doing that, due to the long history of the most socially successful death controls being accomplished by being the most deceitful and treacherous, which also included that almost everyone else, including the controlled opposition groups, adapted to accepting and operating within the context of the actual death controls being done through the maximum deceits.
More radical truths about the death control systems would be necessary. However, both the ruling classes and those that they rule over adamantly do not want to face those facts. The ruling classes depend upon being able to continue to get away with being dishonest and violent, in order to maintain the systems of enforced frauds, or debt slavery, that they had made, despite those generating numbers which have become debt insanities, which are mathematically impossible to ever resolve, while those they they rule over have mostly adapted by believing in the biggest bullies' bullshit about those situation, whereby the vast majority of people do not want to recognize that the international bankers are the Kings of Fraud, who are the best organized gangs of criminals, that have actually been controlling what governments really did.
Articles like the one above are grossly deficient in two typical ways. First, that kind of superficial analysis does not address the real roles of the pyramidion people inside of social pyramid systems, and second, they do not address the chronic political problems which the ruling classes have developed expedient sets of solutions which benefited those ruling classes, while those they ruled over, who were able to survive through that, ended up accepting the bullshit social stories that the biggest bullies promoted regarding what was happening.
Genuine resolutions of the problems that human civilization faces would have to first face the facts regarding how and why society was actually operating according to the principles and methods of organized crime, in order to then be able to do that better. However, obviously, the ruling classes do not want that to happen, while neither do the controlled opposition groups, nor the vast majority of people who have adapted for generation after generation to live inside of debt slavery systems.
That those debt slavery systems have generated numbers which have become debt insanities, which have no ways to ever be repaid within the established systems, means that we are most likely headed towards those problems with respect to those debt insanities being resolved by provoking death insanities. Indeed, the only "solutions" that the ruling classes have actually covertly prepared are to mass murder the majority of the human population.
At the present time, there are no other practically possible resolutions to the problems that civilization is facing, because there is almost nothing but controlled opposition groups which surround the core groups of organized crime, while the vast majority of the population have already been grievously dumbed-down, and also want to believe in the biggest bullies' bullshit, or want to continue to believe that some sort of old-fashioned religions or ideologies could provide some "solutions" to the problems presented by runaway systems of electronic frauds, backed by atomic bombs.
In my view, the first four paragraphs in the article above was another typical example regarding how articles republished on Zero Hedge are way too superficial in their analysis of the problems. However, at the same time, those are far superior to anything one can read in the mass media, which tend to be orders of magnitude stupider in the degree to which those promote the biggest bullies' bullshit without the slightest shreds of critical thinking regarding the absurdities presented by that bullshit.
However, at the same time, there is a vanishingly small audience that would approve of the presentation that I have outlined above, since both the ruling classes and those they rule over do not want TO FACE MORE OF THE FACTS ABOUT WHAT THEY ARE REALLY DOING, WHICH IS EITHER BEING DISHONEST AND VIOLENT, OR BEING IGNORANT AND AFRAID. Therefore, civilization as a whole automatically becomes more psychotically insane, as the established systems of ENFORCED FRAUDS that control what that civilization does drives worse and worse attitudes of evil deliberate ignorance towards what it is really doing to itself and its environment as a whole. Those who were most personally successful WITHIN the established systems do not want to understand those things, while those who were not as successful were not able to have enough resources to respond either.
The social successfullness of the MAD systems is driving civilization on a tragic trajectory of runaway criminal insanities, headed towards its own MAD self-destruction, while almost nothing within those established systems exists that can change that ... Meanwhile, I merely try to understand that, simply for the sake of doing so, although such an understanding can not actually change anything, but merely provide some solace of a diagnosis of the ways in which our society has become too terminally sick and insane to save itself from its own MAD self-destruction.
that gold is not yours...its Mayan!
Would ten billion of these help?
http://intalek.com/AuroraTekInfo/PUP3000UC_SpecSheet.pdf
Yes, and if the data sheet states the following:
>Capacitor Life (years) Indefinite
you should rush out today and buy one...
Standard Disclaimer:
http://upload.wikimedia.org/wikipedia/commons/3/3b/Paris_Tuileries_Garde...
Standard Disclaimer #2:
http://techcrunch.com/2015/01/08/auroratek-tried-to-pitch-us-a-gadget-th...
Standard Disclaimer #3:
Peddle bullshit elsewhere, there is far too much of it here already.
After reading the spec sheets ridiculous claim, and researching a bit further, I now have an overpowering urge to ram whatever device you are posting from up your ass without the benefit of lubricant...
Or let the space aliens do it for me.
http://auroratek.us/uploads/SedonaMUFON2014.pdf
So it's roughly 1% of the populations fault that 99% of people are naturally, if given the opportunity and means, materialist, consumerist, and have very short time-preference (and thus enthusiastically accept the demerits of debt as the cost of increased and sooner consumption)?
If you purged all the "elites" and magically prevented new ones from filling their place, how much, really, would actual resource consumption and consumer debt decrease? Would it even be a whole percent? It doesn't matter anyway, because both are still growing on a global basis.
We know from history, for instance from the history of Germany, that psychopaths represent a fairly small part of society but their aggressiveness and ruthelesness enables them to get to power. The psychopaths that rule today do not wear Nazi uniforms but they are hardly less dangerous.
I guess we'll get our share of human sacrifices as well as it all spins down into a black hole.
Policy makers refused to acknowledge that available fiscal and monetary policy tools cannot address the underlying problems. They repeatedly use complex jargon, obscure mathematics and tired ideologies to disguise their failures and limitations. Perhaps, as the writer G. K. Chesterton suggested: “It isn’t that they can’t see the solution. It is that they can’t see the problem.”"
No they can't.
We're living the effects of bonsai globalist outsourcing for the last several decades, and clearly, debt-driven recovery schemes cannot solve that problem. On more than one occasion, the Congress was warned that monetary policy alone couldn't overcome the negative effects chronic fiscal red ink created each year.
On more than one occasion that same body was also told that the deregulation of Wall Street, the banks, the insurance companies, and others, lead to sprees in leveraged speculation and zany risk taking that blew bubbles and swelled these entities to TBTF levels. STILL too much reward is not being matched with real consequences for bad behavior...and bad bets.
At the same time, the Fed (with little fiscal help from Congress) has no idea what to do to overcome the obviously-warping effects of what it has already done.
They are not audited.
They are not accountable to the system (or the citizens) served.
They face no real legislative repeal to existence.
They are not clear in purpose or in direction, and are contributing to the angst and volitity in markets worldwide, as well as businesses in those markets.
For all intents, it's own membership is conflicted and continues to conflict the markets with way too much independent commentary beyond the official statements from it's chairperson. It truly doesn't know what it's trying to do, and these regular shoot-from-the-hip interviews by this Fed president or that Fed president have become ego-feeding and ego-driven exercises in dysfunction.
In sum, centers of authority and control are increasingly paralyzing themselves into irrelavence. They should never have engaged monetary games to begin with, now need to end them, and yet, can't decide when, if, or how to do so.
We are now down to consequences on the one hand, and ego-driven division and indecisiveness on the other.
Who's going to have the courage to stop this?
m
Upvoted.
This:
They are not audited.
They are not accountable to the system (or the citizens) served.
They face no real legislative repeal to existenc
Can these true statements not be made about every level of government in this country? From teachers, to police, to DSS/CPS, to universities, to basically any public employee?
I say yes that that's the problem. People are losing faith in the 'system' and will eventually either ignore it, or attempt to destroy it.
How many Soviet citizens, circa 1988, would have believed that the mighty Soviet Union would be gone in 3 years? Not many I'd wager.
That`s all what you have to know about this system.
You may be right about Keynesian economics.
But this system is not really keynesian either. This system creates debt in the name of people, then allows the swindling of maximum possible commission, profits, fees, or inflated prices for product and services and etc.
Finally once debt is unmanageable, let the debt explode. Hide during the explosion and return as a rich man into the market again later.
Only this time the Masters (banks) have managed to transfer the main debts to Government balance sheets, and refuse to go into hiding. They hang around as if they did nothing wrong. Bloody confident and arrogant. That is this system
Debt used to be for capital assets. Now debt is used for consumerism and overpriced art degrees. Our society is consuming its future to enjoy the day and keep the money lenders at bay.
If we don't get this shit locked up, it will be a return of the dark ages. "Be rich or be poor" pretty much sums it up.
Just think of all the shiny ishit archaeologists from the future will dig up while trying to figure out what the fuck went wrong.
Yes but many lenses and glass fronts will be shattered and the batteries will not be replaceable.
FUCK YEAH!