Friday 17 October 2008

Xmas Eve In A Lunatic Asylum #

In Britain, neither ice dancing nor ballroom dancing were popular pastimes, until spectacularised vulgar hyperrealities were marketed on prime-time Saturday night television.

Now, we have John Barnes, 'Strictly Come Dancing Participant and Former Professional Footballer', like the weaving run and goal against Brazil never took place.

We await Ant & Dec thrilling us with Sumo Wrestling In Drag, and other activities more suited to xmas eve in a lunatic asylum.

Football and the International Financial Markets (IFMs) are also a hyperreal lunatic asylum.
They exist in a state that bears no links to the original concept of their creation - football did not start off as a sport whose match outcomes are determined by the input of the gambling sector, and IFMs were not originally intended as platforms for high stakes poker on an existential plane.

Strictly Come Dancing, Sumo Wrestling In Drag, ScudamoreWorld, The Credit Derivatives Casino - these are fake realities.

New Labour is hyperreal too.
New Labour nationalised Northern Rock inexpertly, further damaging the banks' creditworthiness in the process.
New Labour, in the form of its nationalised financial arm, is turfing large numbers of mortgage holders out of their properties as negative equity and the Recession/Depression take hold.
New Labour has handed over, in theory, £500 billion to the banking sector - as we said the other day, £13,000 for every taxpayer in the country.
New Labour thinks that one person who is unemployed is the financial equivalent of 1/10 billionth of the banking bailout.
New Labour, Old Tories...

And this bailout, like all the other financial sector bailouts globally, is simply a handout. It will prop up the balance sheets of the banks and insurance companies in the short term, while normal people will receive absolutely no benefit whatsoever - think Northern Rock and your home...
While the Monster in the Deep, the toxicity of Credit Derivatives, still exists, no financial institution is going to open itself up to the risk of importing some of this toxicity.
So banks will continue to shun one another, they have no need of their competitors anymore, they have a state-based economic system to fall back on instead.

The core obscenity in this systemic scam doesn't relate to the regressive redistribution of taxpayers money to the architects of the Crisis, for that has always been the way of the world.
The core obscenity is this...
... The decisions that are being made, allegedly on our behalf, by those that we have elected into power, and those, like Hank Paulson, who have elected themselves into power, are not even being made for the good of the globalised economy that they apparently have such a belief in.
The decisions are being made to protect the balance of chips possessed by the individual players in the Credit Derivatives Poker Game which is the financial activity which is at the peak of our pyramid selling system.

This is what shareholder capitalism has evolved into - a Psychopathic Poker Game.
The Wall Street Trillion, rather than the Ladbrokes Million.

When Paulson saved AIG rather than Lehman Brothers, his decision process was not only influenced by his linkage to Lehman's competitor, Goldman Sachs. If AIG's derivatives positions had unravelled, then contagion and feedback loops would have negatively impacted to a massive extent on the hyperwealth of the other participants at the Psychopathic Poker Table.
Any assessment of the impacts on the Real economy didn't even enter Paulson's mind - remember he never even mentioned the 3.6 million repossessed homes in the US in his original three page plea for some more poker chips for the game.

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And the eventual bailout will lead to hyperinflation as governments are forced to print copious amounts of money to keep the Psychopathic Poker game running.
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Tony Benn: "'The great inter-war slumps were not acts of God or of blind forces. They were the sure and certain result of the concentration of too much economic power in the hands of too few men. These men had only learned how to act in the interest of their own bureaucratically-run private monopolies which may be likened to totalitarian oligarchies within our democratic state, They had and they felt no responsibility to the nation.'
These words are from the 1945 Labour manifesto Let Us Face The Future which brilliantly identified the very same crisis which is now described as a "credit crunch" as if it were a mere hiccup in an otherwise wonderful neo-liberal globalised world which could be corrected with a vast subsidy from the taxpayers to put the Wall Street casino and its partners worldwide back into profit. It reminded me of the fact that when slavery was abolished it was the slave owners, and not the slaves, who received compensation from the government of the day.
Perhaps more important - and never mentioned in the media - is that all the news we get every day and every hour is all about the bankers while presidents, prime ministers and other elected leaders of the world have been reduced to the role of mere commentators who are expected to supply taxpayers' money whenever it is needed to bail out the wealthy.
... Trade union rights are now more restricted than they were in 1906, wages have been held down and people have been advised to borrow and spend as an alternative - which explains why the stock market has fallen and locked more and more people into debt, which is a subtle form of slavery itself."

What a pity that there appears to nobody in New Labour who is even remotely linked to the original Reality of Labour.

The onset of the Depression, in the hyperreal media world, is marketed and branded as 'Saving The System'.
This is an erroneous template for consideration.
What we are actually dealing with here, girls and boys, is "Saving A System".

The psychopathic post-shareholder capitalist monstrosity is not the only system that we have on the table.
And, in comparison with the alternatives, does it warrant being saved?

There goes our cash.
There goes your system.

Capitalism goes Chernobyl, which seems pretty apt as the Ukraine is about to become the next country to be declared bankrupt - we bet strongly that the US doesn't allow Russia to rush in and save Kyiv, as they permitted with the bankruptcy of Iceland last week!!!

But lets think outside the box, perhaps Hank Paulson is, in Reality, the ultimate environmentalist - after all he loves trees, its only human beings that he has an aversion to.
If Hanky Panky keeps deconstructing the global financial sector so meticulously that the system collapses under the weight of its own inconsequence, climate change will be addressed via Direct Action at the financial core of the system.

Finally for today, we are able to take control of this process on one primary level.

Tax.
No taxation without representation is the cry.
If an unemployed person is worth the financial equivalent of 1/10 billionth of the British banking sector, then we are not being represented by our government.
The government is, instead, representing the interests of the financial sector and other strata's of the deep state apparatus in our state-based economy.

If you are already self-employed, excellent, creative accounting together with our proposal set out below, will remove you from the ravages of the taxation system.
If you are unemployed, ditto.
If you are in employment, then there is a high probability that you won't be for much longer, as the Depression begins to truly nibble away at the fake edifice. So, you are about to quantum into an unemployed state, anyway...

Swapping, that's the key.
We could sell highly privileged inside information relating to the football betting markets to an IT consultant, charge VAT, and pay tax on our earnings come the end of the financial year. We could ensure that we have all the peripherals that come with the system, accountants, auditors, consultants, tax advisers, even down to the micro-peripherals like the cost of maintaining ledgers in time and stationery.
And some of our 100 hundred hours a week of labour would then be utilised to keep bankers and wankers in the yachting world that they are used to.

OR, we could GIVE highly privileged inside information relating to the football betting markets to an IT consultant, and, in return, he could prepare us some extensive databases for our cybernetic software programmes, or design a new platform for the Football Is Fixed blog, or help my Romanian colleagues to hack into ########
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No Cash. No Crisis.

This matrix may be extended to life outside work - gardening, bicycle repair, plumbing, yoga classes, Qi Gong, veterinary skills, grocery, etc etc.
You simply have to work out a suitable exchange rate by bartering in a socially responsible manner. No finance, no middle people, no bureaucracy, no stress, no tax.

Freedom, in fact.

There is no point in maintaining any faith in this shareholder capitalist system.
If you are still buying into it, you are deluding yourselves.
Your savings will disappear, your pensions too, it is surely better to be planning a parallel social economy of negative growth and bottom-up democracy.

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