This complete capture of all opportunities of regulation and governance can just end one method, a sort of hyper-stagflation.
Zeus Y. and I go way back, and he has always had a propensity for summing up just how crazy, detached from reality, manipulative and exploitive the status quo story has actually ended up being. I have actually periodically released his commentaries and essays here because 2008 Imaginary Worth, Empire of Financial Obligation: How Modern Financing Produced Its Own Failure (October 15, 2008), not coincidentally, in the midst of the previous debt-fueled speculative bubble popping.
Here is Zeus’s current commentary on my opting out essay:
“Regarding your outstanding current short article: Now That the American Dream Is Reserved for the Wealthy, The Smart Crowd Is Opting Out:
1) The sock puppet theater assumption amongst the technocrats that economies ebb and flow, go bull and bear, and have minutes of development and retraction is now irretrievably disproven. We have actually gone past “too huge to fail, too big to jail” and escalated to “so big as to stop working upward constantly and to get away with everything no matter how venal”.
When the Fed decided to purchase up non-investment grade scrap bonds fo the first time in its 107-year history, we now have no semblance of the (always undecided and now ridiculously irrelevant) “self-regulating” economy. More and more extreme intervention on behalf of the super-rich (even as the genuine economy is tanking) will mirror the vaccine mandates on behalf of Huge Pharma, even as their vaccines are tanking. “Draining pipes trillions of dollars and stashing them in overseas accounts? You deserve a tax break!”
We have actually gone far past “ethical danger” and a “rigged game,” where the super-rich will make out like outlaws, even if they cause a crash. We are in the next phase where it ends up being successful to trigger devaluation and crashes (which you control by your monopoly powers), and after that merely “siphon” (the apt term from this article) whatever is left of the cost savings and sweat of Jose and Maria American. Inflate and crash. Inflate and crash. Quick cash. Surefire government bailouts. Manipulated markets (consisting of cybercurrency by the way– can you say JPMCoin?).
There is only one escape. Refuse the sordid mess, which has actually gotten so ridiculous, and the myths so hollow (informing yourself into enormous financial obligation, and working hard, only to be “rewarded” with some scaled down worker’s work being loaded on you) that there can be no other supreme alternative however non-violent civil market disobedience.
2) What is the future of the developing juggernaut called predatory global capital, and their chosen drug called “absolutely no interest rate, boundless money printing (ZIRIMP?)?
a. The super-rich will continue to borrow unrestricted amounts of cash at near zero interest rates, so they can claim this brand-new “debt” as a deduction and pay no earnings tax whatsoever (while vacuuming up every tangible great with this fake currency)
b. The super-rich will utilize the exact same value-free cash to purchase stocks (of their own business and others) sending those appraisals and alternatives soaring on absolutely nothing aside from a synthetic and limitless “need”, while being ensured of special treatment and no prosecutions.
c. The super-rich will circle wagons around one-another– Big Tradition Media, Big Social Media, Big Pharma, and so on. This can be seen in Huge Social Media’s promotion to disinformation by the Biden administration and censoring of real and critical scientific pushback since the billions of taxpayer-funded federal government contracts Huge Everything knows they can get if they play along. Once again, we will see velocity towards disobedience, as individuals are discovering methods to move away from these monopolies like YouTube and Facebook into Telegram, Rokfin, and Rumble.
d. Not only have the” little people”had$50 trillion of their productivity stolen, but numerous trillions more for having an efficient savings rates of interest of 0% for the past 12 years. What are we “conserving up for” when our cash in cost savings has literally no growing power at all? Who requires workers anyway when you can ship every efficient possession and manufacturing to China, and have them holding both the strings and the bag of the global economy?
e. This complete capture of all opportunities of regulation and governance can only end one method, I can see, a kind of hyper-stagflation, i.e. dropping (real) development and devaluation as both Fed and government “stimuluses” only supply trillions of dollars more to the richest while the little men gets screwed over and over under the guise of helping them (where “income security programs” fund hedge funds on Wall Street and somehow manage to miss mom-and-pop companies on an increasingly shuttered Main Street).
This growing space will reach a critical point when we have supply line collapses and unforeseeable events around credit. Perish forbid if we have a disruption of the web. We are headed to that station, GBOAT, the Greatest Bubble Of Perpetuity alright, and it is simply a matter of the length of time it’s going to consider this runaway train to arrive.”
by Zeus Yiamouyiannis, Ph.D.
. Specialist, Knowing transformation, leadership, and design
Citizen Zeus (http://citizenzeus.com) “Find out to Transform”
Changing Economy: From Corrupted Industrialism to Connected Communities
Thank you, Zeus. Well stated: inequality is well and truly baked in.
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