(ya can't kill distributed self-ignorance)
European debt crisis - Wikipedia
"Clearly the Greek 'debt' payments are a Corporate Bailout which repays failed gambits made by (mostly German) banks & banksters, while distributing the burden on diverse EU Taxpayers .....making this the Equivalent of the US TARP Corporate Bailout. Very Serious business."Curiously, Wikipedia largely ignores another inconvenient fact. Poorer EU countries, from Ireland to Greece, wouldn't have even a fraction of their present "public" debt if rich EU countries (aka, Germany) hadn't pressured other EU governments to nationalize and guarantee repayment of the bad (private) loans northern EU banks made on risky (private) investments in those nations.
What part of capitalism states that lenders making bad loans shouldn't go bankrupt when their (liars) loans go belly up?
Greek voters didn't vote to force German banks to make bad loans in Greece. Nor did they collectively promise to pay for liars loans by foreign banks. The adage is "cavete fenerantis" (lender beware) not "cavete circumstantibus" (bystanders beware).
A feed-forward protection racket.
This is looting of lower classes by a predatory financial class, plain & simple. Concentrated gambling winnings, and distributed gambling losses, aka, a runaway process, involving a feed-forward protection racket.
Finance Industry to Middle Class:
In between those actions, what happened to cultural affinity, and morality?
I honestly think that we as a people are initially largely ignorant of the distributed effects that WE have on most of each other ... simply because growth itself makes us more unconnected (until we figure out why and how to reconnect), and because feedback-fed context awareness is so slow to grow (even when not actively opposed).
Sometimes though, distributed feedback triggers slowly awakening cultural awareness, and subsequent guilt ... that can quickly lead to long periods of overwhelming denial .... before our resolution to organize a better way and "make a more perfect union" finally returns, and we start acting like Americans again.
Of course we can do this. Otherwise we'd still be living in caves, forgoing use of all historically accumulate tools, methods and human culture.
Until we do, though, we're stuck in re-runs of Night of the Living Austerians - fighting the undead issuing forth from a finance industry that is more trouble than it is worth.
(Ya can't kill distributed self-ignorance with fines ... they have to be permanently decommissioned, by separating the head of the Control Fraud from the institution. Otherwise, they keep returning, writing bad checks and degrading cultural balances.)
Finance Industry to Middle Class:
"You must pay up, to protect yourselves from us, or we might not be able to bankrupt you again. You need us ... right?"How is this "God's work"?
"What would you do if we weren't around to bleed you?"These dimwits will eventually regret asking that $100 question. What WOULD electorates do, if they actually kept enough of their income to consume all that they produce? Evolve? As in FASTER? We might get around to answering that again, like our grandparents & peers did in 1933-1945 & 1986-1995 (Pecora Commission? S&L Prosecutions?).
In between those actions, what happened to cultural affinity, and morality?
I honestly think that we as a people are initially largely ignorant of the distributed effects that WE have on most of each other ... simply because growth itself makes us more unconnected (until we figure out why and how to reconnect), and because feedback-fed context awareness is so slow to grow (even when not actively opposed).
Sometimes though, distributed feedback triggers slowly awakening cultural awareness, and subsequent guilt ... that can quickly lead to long periods of overwhelming denial .... before our resolution to organize a better way and "make a more perfect union" finally returns, and we start acting like Americans again.
Of course we can do this. Otherwise we'd still be living in caves, forgoing use of all historically accumulate tools, methods and human culture.
Until we do, though, we're stuck in re-runs of Night of the Living Austerians - fighting the undead issuing forth from a finance industry that is more trouble than it is worth.
(Ya can't kill distributed self-ignorance with fines ... they have to be permanently decommissioned, by separating the head of the Control Fraud from the institution. Otherwise, they keep returning, writing bad checks and degrading cultural balances.)
