Saturday, November 6, 2010

Spartacus 2.0

I have incorporated the concept of cognitive dissonance in several past blogs because living under our current civilization is an exercise in CD. The last election cycle was just more of the same. Voters in many states were given choices of a  conflict of  interest corrupt incumbent or a whackjob nutcase who either was or was not a witch. I'm not sure why being a witch should disqualify anyone for public office in the first place. Given the current political system it would seem to be a fruitless exercise to vote  on a  national  or federal level. The political system is owned by the ruling class composed of  globalized banks, corporations, and the myriad capital movers and shakers in the bond market who provide the lobbyists to educate and coddle the political class with  the judicial system protecting both classes allowing secret donations and no scrutiny, no accountability. Now why is it again that you want to vote? It is like living in the antebellum south where every few years you allow the slaves to vote on whether to retain the massah.  The slaves vote and nothing happens. At best they vote out one Simon Legree and substitute another.
The reason the system doesn't work is obvious. You are voting on the posturing puppets in the political class and not the ruling and ownership class. If you want fairness and change you have to be able to vote on whether to keep the Federal Reserve banking cartel, hedge funds banks, a million secret LLC's and transnational banks and corporations and  all the other bond market participants who really call the shots. But they are beyond reach and unaccountable. So again, why is it you think you should vote? We are beyond the point where voting has efficacy. The capital controlling ruling class holds all the cards. They made some stupid greedy bets which could have cost them their beloved capital and in an act of self preservation shifted the losses to the slobs down the hill in the slave quarters. This process is by no means confined to the United States.  An example of  their current scam mediated by the IMF, World Bank, the ECB and the other banking cartels is to impose austerity on the slaves. Mr Blankfein,  over at your local  Irish branch of Goldman Sachs is now doing doing his covert best   to make those hapless potato pickers pay  Mr Legree's bondholders in  the Anglo Irish Bank taken over by the Irish Government. What is interesting and not surprising is that the Head  of Goldman Sachs in Europe is Peter Sutherland who has been meeting behind closed doors with Brian Lenahan, the current finance minister of Ireland. Peter Sutherland  of GS was(surprise surprise) the former recent Attorney General of Ireland.!! What these Legrees are doing exactly mirrors what happened in the US under the inspired leadership of  Hank Paulson and the whole rogues gallery who preceded and followed him.  Their goal was and is  to force the responsibility of their bad bets onto the backs of the laboring slaves. Ditto in Greece, Portugal and who knows how many other countries at Europe's periphery. The slaveholders made the mistakes and the slaves must pay. What the Simon Legrees have not counted on is a good old fashioned slave rebellion and my bet is that it could easily happen in Greece or Ireland. While the capital holding class is the defacto ruling class, in fact they have no authority over the slaves. The US dominated IMF has no authority over slaves in Iceland, Ireland, or Greece and if the slaves figure that out, we could have a real game changer. The capital owning giant squid  are sitting on vast bags of debt they have foisted on the world assuming that the hapless slaves will just keep picking cotton ad infinitum paying off bad debts.
      The Industrial West is staring into the abyss of perhaps the greatest depression it  has ever seen and the debt has not been repudiated and until the debt is shifted to the shoulders of the bondholders, and the wealthy capital owning class who by any standard of fairness should be shouldering the burden, there will be no end to the looming  deflationary depression. So far this battle has been waged  in secret councils and banking , corporate and legislative conference rooms far from the prying eyes and ears  of the slaves.  The world now awaits the arrival of a modern day Spartacus.

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