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I don't doubt the unified interest of those in power.

But they can't hold back the tide any more than Canute could.

The system is absolutely, magnificently, mathematically fucked.

It doesn't matter who you are, you can't beat the mathematics of compound interest on a money supply created as debt.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Fri Oct 24th, 2008 at 02:26:42 PM EST
[ Parent ]
ChrisCook:

But they can't hold back the tide any more than Canute could.

The system is absolutely, magnificently, mathematically fucked.

oh man, that's tellin' it like it is...carved in stone.

 

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Fri Oct 24th, 2008 at 04:23:39 PM EST
[ Parent ]
It doesn't matter who you are, you can't beat the mathematics of compound interest on a money supply created as debt.

You and I will soon go through that mathematical inevitability in some detail...

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Sun Oct 26th, 2008 at 05:05:51 PM EST
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