Thursday, October 02, 2008

If you give into blackmail once.......

I think I've figured out something.

There are people who really, truly think that we can avert all economic badness if we give into the bankster's blackmail demands and pay for this bailout.

They don't understand that this crash is a long time in coming and that it is unstoppable. It might be delayed by a few months, maybe even through one entire presidential term with constant and careful finagling of the system. But it is a system with inherent flaws. And it is crashing soon.

And by giving into to the bankster's now, we may postpone for a very brief period the complete freezing of the credit markets. But we will just leave ourselves open to a bigger payment demand from them later. If it worked once, then it will certainly work again.

"But but but, if we don't pay them now then the whole system will collapse."

The system is collapsing in a zillion different ways. Peak oil is here, inflation is climbing because of it. The casino economy means more to the world than the real economy, and it will tear down the homes and jobs and businesses of real people before it gives up one smidge of profit margin. Inequity is growing and with that comes real increased violence as more people crowd the bottom for fight over scraps. More wars for oil and other vital resources. More rioting for food and water. More violence in our own streets as the idea of a job that pays the bills seems as unrealistic as winning the lottery. The country will all look like New Orleans after Katrina, but we won't need a hurricane to blow the people out of their homes. We have the financial sector to do that for us.

The system IS collapsing. We will not put that off by paying the blackmailers to keep our secrets.

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