Not only does the collapse of our civilizaion proceed apace but some of the first ‘serious cracks’ have just made their appearance!
We can dive right in with this article titled, appropriately enough, Doomsday Capitalism
Doomsday Capitalism? Capitalism is killing America? Yes, that’s the message in my tenth book. “Doomsday Capitalism, 10 Self-Destructive Trends.” But you’ll never see it in print. No one, even book publishers want to read this truth: Capitalism is destroying America.
Why? Super-Rich Capitalists get rich off these macro trends. They want happy talk. Back in 2007 Vanguard founder Jack Bogle called my warnings “prescient.” But that didn’t stop the meltdown. Next time financial historians warn of a bigger meltdown; a total collapse has been the destiny of every nation for eight centuries. This time, capitalism is the saboteur.
What S&P U.S. credit warning means [Who listens to those assholes anymore?]
In the wake of Standard & Poor's warning that the U.S. AAA credit rating is at risk, former Congressional Budget Office Director Douglas Holtz-Eakin explains to David Wessel why politicians are watching and what it might mean for a deal on the the deficit.
Yale scholar Immanuel Wallerstein warns that capitalism’s at the end of a 500-year cycle: The “political struggle is over what kind of system will replace capitalism, not whether it should survive.” We cannot stop this cycle.
Yes, Super-Rich Capitalists will fight to the death. But destiny is trapped in our DNA, historians warn, and will not change. America is run by these short-term thinkers. They never learn the lessons of history. They do not want you to know that their capitalism is self-destructive, that capitalism’s cycle is in a suicidal end game, that their “mutant capitalism,” as Bogle calls it, is destroying the very soul of America’s democracy.
The short term thinking as well as the perpetual ‘gaming’ of the system that has gone, er, ‘unprosecuted’ for far too long has brought a fundamentally bad idea to its logical conclusion, albeit, 500 years after it should have ended!
Did I mention that the first few attempts to institute capitalism failed miserably?
More importantly, what most of you DON’T understand is what the basic premise of capitalism really is?
Capitalism was established to free owners of the expense of caring for slaves.
The no longer had to ‘buy slaves’ and take the chance of spending a lot for one that ultimately needed to be put down because they destroyed everything they touched.
And if the slave got sick, it was their problem!
In many cases, paying a slave was cheaper (overall) than owning them.
Now automation has made slaves more or less obsolete.
Sort of a bad situation at a time when there are more available slaves than ever.
That whole ‘unemployment’ thing really makes them feel exploited.
And you don’t want to be the target of a large, angry mob…even if you are the one buying all of the robots!
Anyway…
Next up we have this OMG moment for those of you who still believe the ‘funny money’ is actually worth something.
U.S. DOLLAR INDEX: INTRADAY DOWNSIDE BREACH 74.170
April 21st, 2011
74.101.
It’s on.
For those of you who don’t follow the currencies markets the above means the US Dollar just broke through a ‘critical support’ level.
Like I said, some serious ‘cracks’ are appearing but the corporate owned media is more concerned with ‘maintaining order’ than they are with providing you ‘fair warning’.
Worse, how much of a ‘coincidence’ do you think it is that this shit is reaching ‘critical mass’ on Easter Weekend, the ‘anniversary’ of Christ’s ressurection?
Isn’t God supposed to be behind all of this (man-made) disaster?
Isn’t ‘God’s will’ the primary fallback position of the hateful right?
You heard it here first; this ISN’T a coincidence by any stretch of the imagination!
WHAT ‘isn’t a coincidence’ remains to be seen’; we haven’t crossed that particular bridge yet.
I’m sure we’ll all know come Monday.
I am doubtful we will see a ‘life altering event’ occur over the Holy weekend but we just might get a ‘sneak peak’ at some trouble that has been brewing on the back burner for quite a while.
We’ll probably be ‘gifted’ with $4 a gallon gasoline coupled with the announcement of ‘anticipated shortages’ of grain (with a corresponding price incease that will bust everybody’s budget!)
It will be one of those, “good thing summer is coming because we’d never be able to afford this and heating fuel too!”
Brace for impact good citizen!
Thanks for letting me inside your head,
Gegner
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