2009 may be the trough of the subprime crash
Or it may be the peak of QE/bailout bubble.
Does anyone see a return to normal finance after this?
The banks are running on public cash without public ownership. When the cash runs out, they crash.
The only way they can avoid a crash is by lending some of that public cash back to the public, with the full understanding that a higher-than-usual proportion of those loans will go sour, because most of the public aren't particularly creditworthy.
If they demand more cash, public finances will crash.
How do we get from here to a happy ending?
No, but it's extraordinary the extent to which this presumption holds, even amongst otherwise well-informed commentators. It's as if they dare not admit, even to themselves, the depth of the problem. keep to the Fen Causeway
Which is, what? exactly. Perhaps it is some twist upon where the US was heading in that flukey time of single working parent families (though without the implied sexism), union jobs that paid well enough for a real middle class rise (but without using the backs of the lower classes), the hope of the Freedom Marches, the trend toward personal computers (I'm thinking of the high enabling quotient of both the last two), and inexpensive education for all from a variety of different techniques to reach into a variety of different groups. Such a group in such a condition would naturally trend science based, not invisible-god based, would trend world-view, not nationalism-restricted, and even the eye-candy TV would have elevated themes.
People would be educated enough to call bullshit on the Limbaughs and other bent air-raid horns which the corporatists and nationalists use to persuade the drones which they would prefer. People's native respect for the Commons wouldn't allow the conditions that the leaches thrive upon. All would respect the need to care for each others needs.
Good beer, of course. May as well bring in the ponies. And I want a cigar with great sunsets over a sparkling rose sea. (The latter of which I actually often have.)
Ramping down on the rant, the happy financial ending comes after many years of pain, which come many years after the excesses of all the recent past's bubbles are squeezed out. Some research says that the average time for this is 13 years, and we are in year 3. So, just in time for my retirement, Social Security will be ready for me, the dollar will be worth something, and I will be seen whistling down the Promenade...in my skates...with my pony. Never underestimate their intelligence, always underestimate their knowledge.
Frank Delaney ~ Ireland
the 1% whose interest is to remain in denial will be on a shrinking floe, and the fact that they own the tradmedia will gradually count less, as more and more formerly comatose corn-sumers connect the dots and fel their gorges rising at the necessarily more absurdist arguments to buttress the Big Illusion, think berlusconi levels all over.
i'm betting on a few major strikes and/or uprisings similar to paris '68 or the thatcher era, as services are cut, and the best case scenario is that very few will be enough to make governments quake, and even rule of law quail.
at this point cool heads intervene to avoid massive bloodshed, and that is the moment when folks like those here at ET will be there to redesign capitalism from the ground up.
the worst case, well better not to go there...
as long as there's a chance of the former emerging from incipient chaos, i'll bet on that, long odds it would seem, lol.
the majority of people are reasonable and would like nothing more than to get on with their lives of needing, seeding, feeding each other in peace.
they don't need no stinking ideologies that can't fit on one page, understandable by the average 8 year old.
the turning point would be when the media loons like limbaugh are run out on a rail for being frenzy whippers, and right wing corporate attitudes about war, land, capital and privilege are dismantled beyond recognition, cognition kindled in the kind of numbers that presently show up for the lottery, or a michael jackson retro network special.
distractions like that will not suffice pretty soon. ~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~
That should be saved to the Pearls folder.
It should also be polynomially graphed. The majority which is made up by those who can do, those who fear they can't (and would vote against their class), those who don't care either way but try someother things...
they don't need no stinking ideologies that can't fit on one page, understandable by the average 8 year old. the turning point would be when the media loons like limbaugh are run out on a rail for being frenzy whippers, and right wing corporate attitudes about war, land, capital and privilege are dismantled beyond recognition, cognition kindled in the kind of numbers that presently show up for the lottery, or a michael jackson retro network special. distractions like that will not suffice pretty soon.
distractions like that will not suffice pretty soon.
I suppose you are saying that having a nother few wars aren't distracting enough any more either?
Imagine the profit he makes in order to have a contract for 400 million dollars. Never underestimate their intelligence, always underestimate their knowledge.
