Sunday, December 21, 2014

Contemplating Folly

The world of money is a torrid cesspool of greed and corruption. All of the disgusting human-like roaches are coming out of the woodwork to join the feeding frenzy. The whole affair would not be so sickening if the money was worth something. The zero interest rate farce perpetrated by the global central banks has created infinite fiat money that is backed by absolutely nothing of value. Well, that's not entirely true. The money is backed by debt. And, in the case of empire, the money is also backed by military aggression.

The alleged economic recovery being tauted by the sycophants of empire is merely a ruse. Once again, the zero interest rate farce comes into play. All levels of government have incurred tremendous amounts of debt through the issuance of "alphabet soup" bonds. Those bonds obviously pay nothing to the bearers since the interest rate is zero. And, most of the bonds are being purchased directly or indirectly by the central banks. So, government debt is being monetized despite the denials.

It is, of course, government debt-based spending that is entirely fueling the so-called recovery. If you remember any basic university economics course, you probably know that there is supposed to be a balance between the public and private sector. Not so anymore. The zero interest rate farce now allows all levels of government to assume the role of the economic "engine," not just to stimulate the economy but to maintain it. Any semblance of economic activity is simply a "trickle down" effect. Now, extrapolate the aforementioned phenomenon over all "Western" governments and puppet states.

Will the zero interest rate regime ever end? How could it? Government debt is increasing, with new record highs every year. On the other hand, government revenues have stagnated. Servicing just the accrued interest on the debt has become tenuous at zero percent. Any rate above zero percent is a guaranteed catalyst for catastrophic government default. Of course, all of that is the backdrop for the even more sordid scenario in banking, finance, and the private sector. Little wonder why the entire world appears to have entered a phase of collective schizophrenia.

All that to say ... nothing. Well, I am continuously attempting to find and understand the truth about everything. I can no longer wade through the propaganda "bullshit" spewed by the corporate "mainstream" media. The current fad of bashing the Russian Federation and the People's Republic of China is a case in point. What can be accomplished by playing a game of brinkmanship with two highly armed sovereign states? What other purpose is there for a secular Armageddon except to reset the "Western" debt burden? Is war (with atomic weaponry) now the only option left to satisfy the insatiable greed of the few? Who, aside from the world's rank-and-file peons, will pay the price, most likely with their lives, for such a folly?

Lots of time being wasted on contemplation about various forms of stupidity and folly, I know. I am simply amazed that human folly has carried us, the chimpo sapiens, this far. What is it all worth in the face of death? What is the point?

No comments:

Post a Comment