Collapse
Economic Breakdowns Cause Social Breakdowns
"Government no longer serves the people or the general good and the healthcare and cap & trade are typical issues. It is not what Americans want, but what corporate America and politicians want. All the rewards to the crooks on Wall Street and in banking that have destroyed our financial system. We have just been on the receiving end of dreadful government for 8 years and Americans feel helpless after electing a new president. The result thus far has been disastrous. Still few of their elected representatives listen to anything they have to say and it is no wonder we saw the outpouring of unhappiness displayed at Town Hall meetings. This in part is why people are walking away from debt and not paying their taxes. They believe they have an illegitimate government, which refuses to serve and listen to them. They now only represent corporate America.
Historically about 1/3rd of Americans do not file income tax and only 15% of illegal aliens file. That has cost government about $500 billion a year. Americans are fed up and more are becoming non-filers and more are underestimating or hiding income. It is essentially a tax revolt. Why do you think federal revenues fell so precipitously? People are sick and tired of taxation without representation. They are also outraged at the bailout of banks, Wall Street and insurance companies and a few crumbs for the average American.
They also realize that America’s debt will never be repaid, that they will have hyperinflation and that the dollar is collapsing versus other currencies. In time the public will discover gold, but that will happen as the depression goes further forward.
We have already entered the inflationary spiral again. Its force will depend on the strength of the deflationary undertow and the monetization of monetary aggregates. Make no mistake higher inflation is on the way and probably hyperinflation. It will also be affected by a break down in the tax system as well. The trio leads to economic, financial, social and political dysfunction."
This has been on my mind for quite a while. I've got to say I've seen this coming for decades as it became very apparent a long time ago that we were living in a profoundly unsustainable manner. I was a doom and gloom type even during the "morning in america" stupidity of the hallucinogenic Reagan years.
I've always wondered how the eventual societal collapse will proceed. I thought it was going to happen a long time ago but the master manipulators found any number of bandages to stick on the gaping wounds to keep terminally ill systems afloat. But now the jig is up. Our monetary system has been exposed as the fraudulent crap it always really has been. Banksters and crooked pols are stealing every last cent they can before the whole shit system comes crashing down.
This is the end result of an insanely predatory economic system that spread like cancer into every aspect of society. Now that it's dying our entire social fabric will unravel and change. Initial disruption is going to be destructively traumatic but I think it's eventually going to be for the best as we begin to get real and concentrate on more important aspects of our lives.
In the great depression of the 30s most people blamed themselves for their sudden misfortune and accepted their lot in life. That won't happen this time. I think there are three things that will make this collapse far more dramatic than eighty years ago. The fact that every effort was taken to delay the inevitable catastrophic economic denouement will make the crash far worse than it would have been. Braindead americans have had it drilled into them since the second world war that they have a special entitlement, goddammit they're privileged and exceptional and having to put up with a spectacularly lower standard of living isn't going to sit well with them to say the least. And causes for this collapse are common knowledge in this information age - people know who to blame this time around.
We're passed the point of no return now although every effort is to being made to maintain the facade of normalcy. All social contracts are disintegrating, like the above essay notes. It probably won't all go in the crapper at once, but will unravel in fits and starts as covenants disappear and obligations are ignored. Planning for the future becomes more of a joke as each day goes by and people will simply be looking out for themselves as survival becomes top priority. But here's the biggest joke as I see it: the self deluded Masters Of The Universe who engineered this collapse think they're going to be in control and come out on the other side in great shape to be in charge of what remains. They're insane.
"Government no longer serves the people or the general good and the healthcare and cap & trade are typical issues. It is not what Americans want, but what corporate America and politicians want. All the rewards to the crooks on Wall Street and in banking that have destroyed our financial system. We have just been on the receiving end of dreadful government for 8 years and Americans feel helpless after electing a new president. The result thus far has been disastrous. Still few of their elected representatives listen to anything they have to say and it is no wonder we saw the outpouring of unhappiness displayed at Town Hall meetings. This in part is why people are walking away from debt and not paying their taxes. They believe they have an illegitimate government, which refuses to serve and listen to them. They now only represent corporate America.
Historically about 1/3rd of Americans do not file income tax and only 15% of illegal aliens file. That has cost government about $500 billion a year. Americans are fed up and more are becoming non-filers and more are underestimating or hiding income. It is essentially a tax revolt. Why do you think federal revenues fell so precipitously? People are sick and tired of taxation without representation. They are also outraged at the bailout of banks, Wall Street and insurance companies and a few crumbs for the average American.
They also realize that America’s debt will never be repaid, that they will have hyperinflation and that the dollar is collapsing versus other currencies. In time the public will discover gold, but that will happen as the depression goes further forward.
We have already entered the inflationary spiral again. Its force will depend on the strength of the deflationary undertow and the monetization of monetary aggregates. Make no mistake higher inflation is on the way and probably hyperinflation. It will also be affected by a break down in the tax system as well. The trio leads to economic, financial, social and political dysfunction."
This has been on my mind for quite a while. I've got to say I've seen this coming for decades as it became very apparent a long time ago that we were living in a profoundly unsustainable manner. I was a doom and gloom type even during the "morning in america" stupidity of the hallucinogenic Reagan years.
I've always wondered how the eventual societal collapse will proceed. I thought it was going to happen a long time ago but the master manipulators found any number of bandages to stick on the gaping wounds to keep terminally ill systems afloat. But now the jig is up. Our monetary system has been exposed as the fraudulent crap it always really has been. Banksters and crooked pols are stealing every last cent they can before the whole shit system comes crashing down.
This is the end result of an insanely predatory economic system that spread like cancer into every aspect of society. Now that it's dying our entire social fabric will unravel and change. Initial disruption is going to be destructively traumatic but I think it's eventually going to be for the best as we begin to get real and concentrate on more important aspects of our lives.
In the great depression of the 30s most people blamed themselves for their sudden misfortune and accepted their lot in life. That won't happen this time. I think there are three things that will make this collapse far more dramatic than eighty years ago. The fact that every effort was taken to delay the inevitable catastrophic economic denouement will make the crash far worse than it would have been. Braindead americans have had it drilled into them since the second world war that they have a special entitlement, goddammit they're privileged and exceptional and having to put up with a spectacularly lower standard of living isn't going to sit well with them to say the least. And causes for this collapse are common knowledge in this information age - people know who to blame this time around.
We're passed the point of no return now although every effort is to being made to maintain the facade of normalcy. All social contracts are disintegrating, like the above essay notes. It probably won't all go in the crapper at once, but will unravel in fits and starts as covenants disappear and obligations are ignored. Planning for the future becomes more of a joke as each day goes by and people will simply be looking out for themselves as survival becomes top priority. But here's the biggest joke as I see it: the self deluded Masters Of The Universe who engineered this collapse think they're going to be in control and come out on the other side in great shape to be in charge of what remains. They're insane.
posted by nolocontendere at 6:05 PM
2 Comments:
it is interesting--to listen to other people's beliefs today. the self-blame game is, thankfully, dying fast. more and more see how they've been lied to, screwed over, manipulated and used by the system. whenever i hear someone who starts to blame themselves because they have a health issue, economic issue, etc. (that has been brought on by and large by the horrors of the system, the polluted h20 and air and food, the decreasing wages and enormous costs of living jumps, the slave system of the work-for-a-living LIE) i do the kramer thing "ah ah ah, i don't want to hear that!" blame the victim--that seems to be an awful behavior that is disappearing as more people remove the blinders, look around, listen to that inner voice inside that is saying "HEY wait a minute!" there is nothing we cannot get through in so long as we do it TOGETHER and do not let our survival instincts override our "higher" thinking.
"Blaming the victim" - isn't that a time tested tactic of the perpetrators!
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