Wednesday, 26 November 2008

Words And Things - Just As It Is

Jean Baudrillard: "'Free to be oneself' in fact means... free to project one's desires onto produced goods; 'free to enjoy life' means free to regress and be irrational and thus adapt to a certain social organisation of production."

World Corporate Government defines the new financial template.
The Deep State is in need of our consumerist support.
The Mainstream Media paints fake hyperrealities on the canvas of life.

This template, with sector-specific micro-adjustments, is the standard infrastructural matrix of Corporate 'Democracy'.
It applies to the financial crisis, insurance, pharmaceuticals, fashion, cosmetics, government and, of course, football.

And, are we convinced?
Are we still buying into this fake Reality?

Noam Chomsky: "The [advertising] industry's prime task is to ensure that uninformed consumers make irrational choices."
Two points...
Firstly, the 'bracketed' industry sector could be replaced by ANY other and the sentence would still be descriptive of a Corporate 'Democratic' Hyperreality.
Secondly, the skewing of incentives in favour of an abusive seller, via the 'buyer beware' legal monstrosity - the true foundation of a psychopathic capitalism - both increases gross domestic unhappiness and implements a system based on corruption and other forms of antisocial business behaviour.

These irrational choices are a built-in systemic risk to what is already a non-sustainable system.
Externalities already render every market price as valueless.
What is the Real price on, say, an oil company, after Peak Oil, and factoring in the necessary responses to climate change, government incentives in favour of alternative energy sources etc?
What is the Real price on a football match where the match outcome is both pre-determined and traded on a proprietary level in the underground and private markets?

The critical cog in the Disinformational Machine is the Mainstream Media, the Corporate Media.

Lets just look at Gordon Brown over the last two weekends.
The primary architect of the Depression, from a British perspective, is old Slack Jaw himself.
Bagehot in the Economist: "Mr Brown is still not charming."
And this shouldn't matter but it does.
When Slack Jaw is on his podium spouting his noxious financial nonsenses, he doesn't have the critical ability to sell himself.
It is a double whammy of a dodgy product.

He caused the crisis, in his own little way...
Yet, after the G20 meeting, ludicrously compared to the original Bretton Woods meetings that saved the world from the last totally psychopathic wave of free market capitalism in the 1930's, Slack Jaw was portrayed as having saved the world.
Of course, he had done nothing of the kind.
It is in the interests of Corporate 'Democracy' that we consumers believe in this man.

Cue the adulatory tyrannies of word association that followed Slack Jaws' Spiv announcing a consumer stimulus worth £21 billion.
Not £21 billion!!??
Crikey, that is fully 4% of what New Labour has already donated to the banking industry.
Or 1% of the $3.5 trillion stolen from the American people by the unelected Director of the Depression, Hank Paulson.

OMG are we not joyous?

Lets put the fear of near-future job losses, and house repossessions after the pain of negative equity, and the inevitable increases in crime and cost of insurance in the inner cities, and all other such rational fears on the back-burner.
And lets go out there and spend money that we haven't got, bolstering a psychopathic system that deserves rubbishing into non-existence.
"Saving The System" screamed the Economist front cover.
"Saving A System" became the popular reply.

Traders must be going doolally, as the FTSE100 experienced its largest ever daily gain on leaked release of this "massive stimulus".
To show that he really is a man of the people, Slack Jaw has made clear that it will be the rich who will be paying for this ruse.
After the next election, that would be, once the Party of the Rich are firmly ensconced in power, after Slack Jaw's financial policies further unravel, revealing the full nature of the Depression.
Just as the government will not get back the money with which it has supported the banking industry due to the omnipresent toxicity in the system, so it will end up that taxing the rich will merely become yet another regressive taxation.
Like all the others...

So the Corporate Media, desperate to engender a feelgood factor out here in MiseryLand, sell Darling's Depression Delayer as a reduction in VAT.
The Corportate Media omits the far more valuable information that the poorest quintile pay TWICE as much VAT as the richest 20%.
Proper Regressive Taxation.
Sounds Fair To Me.

The BBC, in order to sell the fiscal fallacy, sent an old Etonian impersonator of a human being to a factory in the West Midlands, that makes really valuable pieces of specialised metal components for items like seat-belts, for example.
As the Etonian simply could not comprehend these people and their existence, there followed the most condescending piece of journalism that I have ever witnessed, apart from all of the others, as Eton Child simply could not understand why people on the edge of a financial abyss would make risk-averse decisions with regard to their personal finances.
"Bankers do it. Why can't you?"
Totally bemused, the coke-fuelled disgrace, on two occasions, lifted up the metal fastener for seat-belts for the camera to inspect, and a stupid and privileged smirk crossed the man's face as it suddenly dawned on him that "people actually have to make these little things".
Its known as the System of Production, Sir.
Its been around for a couple of hundred years or so.
Sounds Fair To Me.

The BBC increasingly seems to be reliant on people of such gilded provenance, and these individuals are unable to conceive the Realities of our increasingly atomised society.
The two are only able to meet up briefly for those Saturday Night Spectacular Tyrannies of Fun.
At the University of Palermo, there are said to be 230 teachers who are related to other teachers.
We wonder what the figure might be at the BBC :)

Hank Paulson lied again last week when he said that everything was now stable in the global financial system.

For yesterday, the man wrote himself another cheque for $800 billion.
Paulson argued that the liquidity injection was necessary to nudge conditions closer to normal in the markets and restore lending to ordinary consumers at realistic rates.
As the Financial Times states: "But the initiative is a tacit admission that the previous efforts to lower costs of mortgages and consumer finance have not had the intended effect."
Worse still, nobody trusts Mr Paulson anymore.
He keeps changing his mind and seems entirely unable to perceive the big picture as he repeatedly makes randomised and/or reactive responses to market hyperrealities.
He has lost control of his gaming of the system, as we told you over the summer.

What sort of 'Democracy' allows an unelected official such unilateral power over the financial system?
What sort of planet allows such a 'Democracy' to govern all of our Realities?

The total American debt stands at $53 trillion - this is equivalent to the notional total annual global output, give or take a trillion or so, as is commonly heard in the Paulson household.
Sounds Fucked To Me.

Last week, those delightful psychopaths at Citigroup watched their share price lose 50% of its value in just three days.
Having already received a Hank Handout, Citi used that Handout as a slush fund for buying even-more-distressed competitor banks. The global giant then decided that, to help its figures add up, there would have to be 52,000 redundancies.
Never mind, just give them a fiscal stimulus in time for the winter festival, and they'll spend their way out of our Depression.
In your dreams...

Claudio Lotito is a shrewd man.
When forced to answer questions about fascist fans, criminalised ownership, links to the betting markets, di Canio's straight-armed Mussolini salutes, or the same individual's defence of il Duce, that sort of thing, the Lazio owner simply speaks in fluent Latin.
Its time for Paulson to be doing the same, because it doesn't add up, pal...

There is this Hyperreal Poker Table.
The global financial system is dependent on the hands being played out at the Table by a bunch of people who, behaviourly, are the equivalent of over-indulged two year olds.
The players understand that they will always be bailed out by the Deep State.
This adjusts their risk profile and skews behaviour towards the riskier end of the spectrum due to moral hazard.
The more extreme the hands, the more risky the behaviour.

We are the fundamental guarantors of this Poker Game.
Nobody has asked me whether I think this gross regressive redistribution of wealth is valid.
In fact, the Corporate Media are telling me that a pseudo-giveaway of £21 billion is a Socialist policy.
Its not a giveaway, its a loan.
Additionally, the Corporate Media are telling me that a bailout of $3.5 trillion in the US, £500 billion in Britain etc etc etc etc is different because it is necessary to support 'the system'.
Its not a bailout, its a handout.
And, its not 'the system', its 'a system'.
Sounds Fair To Me?
Sounds Fucked To Me...

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