No Currency Left to Buy the Big Lies
As I contemplated the real possibility of an Obama victory and listened to right wing pundits revise history still unfolding, I thought of titles for this blog:
"Neocon Logic: This Statement is Untrue"
"The Modern Free Market System is False But a New Revelation Shall Come"
" They Would Feast on Themselves: All the Money’s Gone, Nowhere to Go"
I decided on:
"No Currency Left to Buy the Big Lies"
In the pre-capitalist reality, James Madison said when he put power in the hands of the business elite, he would be entrusting "enlightened statesmen and benevolent philosophers who would devote themselves to the welfare of all."
Clearly, he believed this statement in the way I guess some modern Republicans do. The only problem was that he eventually realized this didn’t work and in 1792, disillusioned and worried about the democratic experiment, condemned what he called "the daring depravity of the times." He went on to denounce the business elites who, given ultimate power, "become tools and tyrants of government…they overwhelm government with their powers and combinations and are bribed by its largesse." That’s how he perceived the system he had helped design. In 2008, this is an apt description of the Republican relationship to government and power.
Finally, some blue light, tectonic plate shifts, a sea change, we hear… a wave of despair carrying us to a new place. The bastards are finally meeting their grisly ends and will be discarded and abandoned as men come to power who will actually try to govern. I know we’re supposed to be civil but I’m not a real believer in this method when dealing with crimes.
What does the sea change mean? How can we help people understand what is happening and help them contextualize it?
First the past: Senator McCain, Governor Palin and assorted surrogates are delusional and breathtakingly corrupt. They disgrace themselves and their country as they lie, smear, slur and write it off as political manner.
Yet the creeping truth must frighten them late at night: there is no currency left to buy the big lies.
There is no more money left to loan or borrow the big lies or to sell them. No more money left to pay off the debt, the wreckage in the wake. The orgy of excess has drained every bottle, smashed the furniture and left the cupboards bare. All that’s left is derivative debts — bets between liars and lies. Trillions of dollars. Turned capitalism into a Ponzi scheme for trading worthless paper. No real value anywhere. No matter how much money Ben Bernanke prints.
We are asked to stand over the abyss and experience our own destruction as another political game show — just another surreal horse race. We watch millionaires and paid Republican hacks appear on television yelling "Socialist!" at Obama as if the Bolsheviks are coming to rape our daughters. These are the same people who oversaw the greatest upward redistribution of wealth in the history of this country. The same people who, through general lawlessness and a privatization frenzy, succeeded in shredding the Constitution, turning war, illegal domestic spying, security, border patrol, interrogation, and even torture into profitable industries gorging on the state.
So define the big lie: free marketers want free markets. Not so, the facts say. They are the biggest welfare freaks on the planet.
These men and keepers of the faith would lecture us with a straight face on the evil socialists/ communists/terrorists /vampires/space aliens who would dare "redistribute wealth" by amending the tax code. Two wars and the only shared sacrifice they want is more tax cuts for the rich and for the U.S. citizenry to continue shopping. As Sidney Falco said, you gotta give it to them, their gall is gorgeous.
If we stay the course, we are told, we will finally, one day, reach that shining city on a hill, the free market-based fundamentalist utopia. Even though all evidence points the other way, we should listen, reason, step back and watch them as they devour what’s left of the government. They will feast on themselves — the feast of carrion the Book of Revelation tells us — but I digress, sort of. It’s over. This would be a great system if there were no human beings.
Mathematical realism. Eat what you kill. The bottom line. Greed is good. Graphs and flow charts and metrics for success. All social organization is based on profit as the unifying force and engine of the common good and even social justice; worship the market, even as you corrupt it.
Our perfect system will provide for all.
And yet Wall Street cripples America and the world because it won’t adhere to the same rules it says we must obey for the good of freedom. Because reality won’t be a slave to their machine.
And so this is how we can rationalize privatizing war. At last look, with 630 corporations like Blackwater and Halliburton getting 40% of the $2 billion spent each week in Iraq, no one can doubt the corporatist dominance of the war machine.
Mathematically, the market crash shouldn’t have happened according to their system, but human feelings make panic and panic cannot be calculated. I would bet that someday someone will discover that math adheres to a quantum reality: the participants and the observers affect the outcome. I digress again. But not really.
Instead of an international consensus based on trust and global community, the Neocons say trust no one, need no one, ask no one. Rigged, "open" markets are created at the barrel of a gun after bombing a country. We must all bow to the market.
Collapse, chaos, lawlessness. And even the market voted with its feet.
The era of market idolatry is over.
This is the end of Milton Friedman, Reaganomics and supply-side theory. This ideology has never been about free markets but a fundamentalist vision that is a cover for naked aggression and a social contract based on fear and greed. The government’s job is to create optimal conditions for corporate profit, to privatize everything in sight and to sell off its own body parts. To literally devour itself.
So we have laws that allow borrowing money against derivatives — basically a bet between two people who create nothing without collateral. They leveraged the public financial health on something you wouldn’t be allowed to do in Vegas. It illustrates the corruption that has become institutionalized through deregulation and a culture of predatory greed. Alan Greenspan testified that he was shocked: business didn’t regulate itself. The common good was not achieved by greed. Naomi Klein read him the definition of crony capitalism and asked if it fit the description of the Bush administration’s relationship to its favorite corporations.
one problem bro
it is not just the republicans
these are stupid illusory terms to keep the sheeple fighting among themselves
so that they can empty the treasury and return to the fuedal state once and for all.
it is where they come from.
and for the record obama got 4 times the money from wall street that mmccain got change change change change …….change of fools
Wow, nicely stated Krogoth! (I wish had your skill at venting in such a colorful fashion).
[quote=joe2baba]and for the record obama got 4 times the money from wall street that mmccain got[/quote]
True – but wall street sends money in the direction it thinks will bring the most return (and then tries to hedge that bet by sending money to the other guy). The fact that they sent more to Obama speaks more to who they believed had the best chance of winning than anything else. Obama may dissapoint me in the end, but today I will hold hope that he accepted the money without being purchased. That in the end wall street will come to the realization that they should either have tried to given him far far more than they did – or none at all.
I know, it’s all of them. I didn’t write this, its from another website. See John Cusack, the actor, at the top. He wrote it, and he is definitely a Democrat. I just wanted to share it with all of you.
i would suggest a quick read of the congressional record of his speech in favor of the bailout.
i would also suggest you take a look at his #1 economic adviser…………..robert rubin …….citigroup.
and for all those holding out the hope of REAL change (uh for the better) take a look at south africa, indonesia, russia, argentina, chile and all the other places that went to the CHICAGO SCHOOL OF ECONOMICS.
the really sad thing is how cheaply these people sell them selves for.
change change change …………………….change of fools