Well, obviously, I see things a lot different than Here and There.
I have a different perspective and a different time sense. I do reporting, not justification. I'm only fatalistic within certain bounds.
Man organizes in a more-or-less chaotic and self-serving manner to procure more material goods, more security and more mates. At different times, different groups hold power. Sometimes, it's religion... sometimes GOV,,, sometimes, the mob,,,, sometimes business.
People organized GOV to serve them. It is on-again,, off-again co-opted by religion or business. GOV accretes so much power that it is always a target for being co-opted.
It's an endless power struggle and those who don't have good representation in the halls of power get the shaft. Religion once held much power but, has lost much of it. Royalty had much power but, is now in decline. Popular GOV once held power but, is being replaced by a banking oligarchy.
To a certain extent, their actions are predictable. This does imply fatalism but, not necessarily at a personal level.
At this moment, it is easy to confuse causes and effects.
Unemployment has been increasing all along. The PTB "papered over it" by allowing us to spend tomorrow's wages today. Ultra-cheap shipping has thrown us into the global market for manufacturing.
While I'm happy for the Chinaman who just graduated from $ 1 a day to $ 10 a day,,, I do not want to join him. I'm content with a Western standard of living.
The temperate counties in the West passed through the industrial revolution first. We reaped the benefits first. The hunter-gatherers and agrarians have benefited greatly from the knowledge that we passed to them. They're worse off then us and better off than they were previously.
Our Western economy is NOT viable if we are earning the same wages as they earn.
You can say "let the most efficient market produce the goods"
If our producers work for $ 10 a day, then we'll have a survival economy like they do.
Part of the mis-understanding in these issues is caused by the time lag between cause and effect. Look at the overall picture.
AGGREGATE global purchasing power is diminishing as producing jobs move to lower wage producers. There are about $ 10 quadrillion in instruments. The rich are
temporarily getting richer. AGGREGATE consumption
MUST diminish proportionate to purchasing power. It can be temporarily "papered over' by credit but, that has strict limitations. As worldwide consumption diminishes, worldwide productivity is utilized less and less.
We now see competitive currency devaluations by countries trying to hold on to their accustomed share of consumptive sales. The pie is shrinking.
The rich West is spending down their wealth. Because the bankers removed the money [instruments] from circulation, there is shrinking purchasing power. This has resulted in shrinking wealth produced. The bankers have increased the
proxies for wealth but diminished the actual wealth.
The implementation of automation has caused the bankers to receive increased proxies for wealth and the producer to receive diminished proxies for wealth. This has resulted in a much higher perceived wealth for the bankers but, much less overall tangible wealth.
These proxies for wealth are ever-increasing and the actual wealth is decreasing. This runs the risk that the proxies will lose value until they are commensurate with the actual wealth.
Over-issuance of instruments has been common in history. Because our instruments are all interest bearing, they are especially burdensome to service. And more importantly, they can't be redeemed. GOV hopes to put off this day by stealing more from the producers.
This too is predictable. GOV hopes to squeeze out and "extra" $ 3 trillion from us.
http://batr.org/view/112110.html
This would predictably diminish the economy by $ 9 trillion.
Fatalism doesn't enter this so much as historical example. At the moment, those who hold all the proxies hold control. BUT, they have a formidable opponent. Actually, 2 opponents. GOV legislates but, the market exerts a huge amount of control. What GOV and the market do not control is; GREED.
When the market loses confidence in the proxies, greed and survival will dictate actions.
A short time back, the 30 year treasury bond had to pay more interest than a 30 year mortgage. This indicates that investors are losing faith in the power of GOV to repay.
When, the bond buying community loses trust and demands higher interest, it will all be over.
Throughout history
ALL proxies have eventually failed. Those holding the proxies that they created will fail also. There is a time lag.
The $ 10 Quadrillion is just too much. It can never flow into tangibles. Imagine $ 5,000 for a loaf of bread. Without purchasing power, there is no consumption. Without consumption, there is no need for production. Without production, there is no economy.
Either the economy evaporates or the proxies evaporate.
I don't post things because I believe that they are the absolute truth. I post them because I believe that they should be considered.