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Systemic Paralysis

August 2008


Usury, to be clear about it, is rich people taking advantage of poor people by lending them money on terms that are sure to make them fail - William Greid


It is often argued that times were a lot harder in the old days but this statement is far from true. Such an assumption rather tends to reflect on a poor existential knowledge and the superstition that a lack of control over the world events is beyond one's own reach. Like any other species, humans get used to their own (predatory) environment and deal with it accordingly. Many dangers have become so familiar to the point to appear rather harmless. And then there is this infamous cultural thinking that "good will prevail" anyway. While lies always get exposed eventually, truth carries in its wake a series of painful realizations. It has always been a jungle out there and in this time and place, something has radically changed the fabric of society; something so insidious that goes far beyond 'greed' and which is so deeply entrenched that is repellent to the mind to even think of doing something about it. To put it bluntly, if something were done, chaos would occur instantly and of course nobody really wants this to happen. This is the main reason why we'll have to wait until the system auto-destructs completely in order to finally envision the possible end of the tunnel and real solutions.

Although we've heard a lot about predatory lending lately, not enough about predatory borrowing was said and nothing at all about 'predatory rumors' without which the mania could never have existed. The 'buzz' is a major component that glued everything together and mesmerized everybody, even those who couldn't afford a piece of the so-called American Dream. It is only when one realizes this, that the blame game is exposed for what it truly is. Back to reality: a study from the Center for Economic Policy & Research in Washington, DC. projected that the bust will mostly wipe out two decades of family-earned wealth. Who cares to listen now?

Lets not kid ourselves: debt-laden economies allow 'the powers-that-be' (TPTB) to pull the plug whenever they want - either by restricting credit lines or just waiting until the consumer can no longer borrow. So now, the Middle Class is 'On the edge' completely unaware of how it got there. So far the price tag stands at $100TN!.... more/long

http://un-debt.net/
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love the avatar.can you define 'the powers that be.'
are they the creditors or govt?The central bankers,banks????

as I see it, itis a conglomerate of

the politician bodies allied with central bankers and all their cheerleaders lobbies.