The other day me\/myself\/I were discussing our debt monkey \u2013 that Gorilla of Foolishness swollen to $225K \u2013 and we all came to the unilateral decision that it is not real.<\/p>\n\n\n\n
Nope. Not a thing. <\/p>\n\n\n\n
Because if it were real then we would care. Instead, debt is just numbers on a screen or paper rectangles \u2026 BUT! the obligation represented by the debt is real (money = magic), so might be a distinction without a difference, might be important to note, tho\u2019 \u2026<\/p>\n\n\n\n
See, the American financial system, from start to finish, top to bottom, all along the spectrum \u2026 is insane. <\/p>\n\n\n\n
Our financial system is based on consumption not production \u2026 using stuff rather than making stuff \u2026 and totally supported by consumers spending \u201cmoney,\u201d \u201cmoney\u201d which is \u2026 invented? created? manufactured? \u2026 by the Gub\u2019mnt, and that \u201cmoney\u201d is \u2026 transferred? sold? conveyed? \u2026 to consumers so consumers can spend \u201cmoney\u201d to consume \u2026. stuff. <\/p>\n\n\n\n
Free market capitalism is great \u2018n all \u2026<\/p>\n\n\n\n
\u2026 buuut aren\u2019t humans kind of important too? Like, for instance, human need food, at least once a day, or once about, say, every two days or so, at the outside \u2026 <\/p>\n\n\n\n
BUT!
… there is the Rule of Threes …
3 mins w\/o air \u2026 3 hours w\/o shade \u2026 3 days w\/o water \u2026 3 weeks w\/o food
(… can delay that gratification for only so long \u2026) <\/p>\n\n\n\n
We\u2019re not quite in SHTF mode \u2026 not yet\u2014It\u2019s coming! Ohyes. {Matt. 24:39<\/em>} But not yet. <\/p>\n\n\n\n At least, not for everyone. Right now, some humans get their dinner from garbage cans \u2013 use used food \u2013 because these humans still need food but have not money.<\/p>\n\n\n\n SO! Food. Humans need this, aaannnddd growing \/ harvesting \/ culling \/ butchering \/ fishing as part of the whole food experience has generally become a very remote process for the typical human in America. Maybe in sport, perhaps as hobby, rarely by necessity \u2026<\/p>\n\n\n\n I need a garden. And some chickens. HALF! WERK! <\/p>\n\n\n\n I kid, I bleat and baaa \u2026 AH! some goats might be in order.<\/p>\n\n\n\n SO! Food. Costs related thereto herewith. Hmmm. <\/p>\n\n\n\n Sooo \u2026 money > men? <\/p>\n\n\n\n An invention of man is master of man. This\u2014 I don\u2019t like.<\/p>\n\n\n\n Consider:<\/p>\n\n\n\n Most folks are old enough to remember the Crash of Everything \u201908, and how the Gub\u2019mnt engaged in this \u2026 um \u2026 accounting? \u2026 strategy? \u2026 called \u201cquantitative easing\u201d to kinda-sorta-notreally fix the problem of the US Ponzi economic scheme and prop up BigBiz because BigBiz had gambled on the inflated \/ imaginary \/ invented price of stuff (houses and yes) by BigBiz borrowing from BigBiz based on money = magic \u2026 and then when the Precariat<\/em> (heh) stopped paying its bills because EVERYBODY HADDA DEBT MON-KAAAY<\/em> that got too big to control \u2026 poop started flying everywhere \u2026 and the whole world got splattered. <\/p>\n\n\n\n Annnddd because the Bug that Shut the World in 2020 \u2013 202? just about killed the global economy the US did some more … \u201cquantitative easing\u201d … to prop up this system \u2026 juuust a lil\u2019 bit more. <\/p>\n\n\n\n Anyway \u2026 \u201cquantitative easing\u201d \u2026 when the Gub\u2019mnt buys up the money = magic stuff owned by BigBiz Banks (stock de-riv-ah-tive? debt ca-pi-tal? creh-dit de-fault swap? es-o-ter-ic A-B-S co-lla-ter-i-za-tion?) at magic prices with more money = magic to get money = magic into those BigBiz Banks so those BigBiz Banks will extend more \u2026 \u201ccredit\u201d \u2026 to consumers to inspire those selfsame consumers\u2026 to spend. Wat\/ <\/p>\n\n\n\n But where does the \u201cmoney\u201d come from for the Gub\u2019mnt to buy the money = magic stuff from BigBiz Banks? Taxes? But, er-uh, the US debt clock says the country only has this much (abt $3.4T) in income (reh-ven-nuuuz<\/em>) \u2026 so how did it spend this much (almt $6.5T) on getting BigBiz Banks\u2019 panties out the bunch? <\/p>\n\n\n\n aHa-HA!!! Again, money ain\u2019t math … money = majixs. <\/p>\n\n\n\n Well, fine then. <\/p>\n\n\n\n And why would Gub\u2019mnt give \u201cmoney\u201d to BigBiz Banks to loan to the Precariat to spend instead of direct payments to the Precariat too pay down the consumer debt \u2013 tame that monkey \u2013 that was too big to handle in the first place\u2014<\/p>\n\n\n\n Oh right. <\/p>\n\n\n\n Adam Smith (Scottish dude wrote Wealth of Nations<\/em> \u2013 pay ATTENTION) also said that the future of wealth lay not in property (e.g., silver and gold) but in people, i.e., labor, and the ability of the \u201cmasters of mankind\u201d to control, manage, and profit from labor, i.e., people.<\/p>\n\n\n\n And debt \u2013 for most humans \u2013 is simply spending future earnings, typically from labor, in present time \u2026 aaannnddd back to the original: that debt isn\u2019t real \u2026 but the obligation imposed by it is. <\/p>\n\n\n\n Gub\u2019mnt can eliminate debts (market crash?) caused by BigBiz with Precariat cash (gimme taxes<\/em> MFkr) but Precariat debts are \u2026 the personal responsibility of the individual. Aaahhh, nice. It\u2019s guuud<\/em> to be the Gub\u2019mnt, even better to be the BigBiz.<\/p>\n\n\n\n If I were to dedicate 100% of my future earnings (earned from labor, thank you<\/em>) to paying off my $225K in debt \u2026 not food not clothing not shelter not healthcare \u2026 just debt \u2026 I would die. <\/p>\n\n\n\n Despite all evidence to the contrary I am human, and have need of certain things \u2013 not fancy things just basic things \u2013 to continue doing the whole life thing, not to mention parental duties related to theKid, and the fact that Half would be \u2026 miffed. Already shrill, need not miff.<\/p>\n\n\n\n OKSO! If Gub\u2019mnt can invent additional money = magic ($3.1T?) to make the money = mistakes of BigBiz disappear \u2013 i.e., buy them up at rock bottom prices \u2013 then why not do the same to the money = mistakes of the Precariat\u2014<\/p>\n\n\n\n Ohwait\u2014<\/p>\n\n\n\n OKSO! Now that we have established that future earnings currently burdened with present debt will not be sufficient to repay said debt (Greece did that more later) \u2026 and that part of the American financial system involves Gub\u2019mnt throwing money = magic to make the money = mistakes of BigBiz disappear, and to deepen the debts (grow that debt monkey!) of the Precariat … then I suppose that begs the question:<\/p>\n\n\n\n Is it possible to cheat a rigged system?<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" The other day me\/myself\/I were discussing our debt monkey \u2013 that Gorilla of Foolishness swollen to $225K \u2013 and we all came to the unilateral decision that it is not real. Nope. Not a thing. Because if it were real then we would care. Instead, debt is just numbers on a screen or paper rectangles … <\/p>\n