monitoring the abyss

Informative video "Meltdown" that goes into detail of the worldwide financial crisis.  Horrifying as global meltdown may be, it seems to me that will ultimately be both inevitable and necessary.  Anything short of that continues the same psychopaths in control.  Who in his or her right mind would wish to prop up a system that builds untold numbers of skyscrapers in Dubai, for no apparent reason, while throwing people out of modest homes in Sacramento (to cite a contrast you will see in Meltdown).

You can say, "we have to save the system to avoid the  global pain that would occur if it fails -- and then we will incrementally reform it."  Which would be laudable, except for the part in which you believe the "incremental reform" will actually come. As is clear from the aftermath of the multi-trillion dollar bailouts to prevent further meltdown in 2008, the system, the power players and the endemic risk did not change at all.  "Leaders" merely kick the can down the road.

So, whether you view the coming global crash as inevitable because there is no possible intervention that can save the system; or whether you believe the system needs to fail in order for it to be replaced -- the end result is the same.  The system is going down and there are going to be painful years and/or decades.

One can hope that what is built in its place will be more equitable and less unstable.  Probably not though.

So, I have been monitoring the meltdown of the world financial system.  Same as you.

I don't read much intelligent discussion, because most pundits do not address the underlying issues to a(ny) monetary system.  Proposed solutions are about like using leaches to cure cancer.

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"The technical name of the program that Mack and Karches took advantage of is TALF, short for Term Asset-Backed Securities Loan Facility. But the federal aid they received actually falls under a broader category of bailout initiatives, designed and perfected by Federal Reserve chief Ben Bernanke and Treasury Secretary Timothy Geithner, called "giving already stinking rich people gobs of money for no fucking reason at all." If you want to learn how the shadow budget works, follow along. This is what welfare for the rich looks like." Story here.

The reason democracy doesn't work is that the vast majority of voters are morons.  Who, for some peculiar genetic reason, find it necessary to protect the klepto class from intelligent, well-informed people who would actually make their lives better by instituting reasonable social policies.

But then again, that's the primary reason every form of government fails to work.  Every government exists, after all, through the "consent of the people." Or you could say, with the "protecton of the people".  Most of whom are morons and who, for some peculiar genetic reason, find it necessary to protect the klepto class from intelligent, well-informed people who would actually make their lives better.

My elderly cat has never been out of doors.  Accordingly, she has never had a run-in with a dog.  However, today she saw a large German Shepherd in the yard.  She ran to the window hissing, her hair standing on end.

She does not do this when a bird, squirrel or human intruder walks uninvited into the yard.  Just for dogs.

Genetics cause a lot of bizarre behavior.

Which part don't you get?  The wealth transfer machine is at it again with faux debate designed to misdirect.  Both parties wish to do precisely the same thing, and that is transfer more wealth to the wealthy.

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I probably mentioned I was going to post a unified theory of money.

And then I didn't.

Because it doesn't matter.

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