Things look grim. I’m sure we’re not out of the woods yet — there’s a long way to go before we hit rock bottom.
You can probably guess my reaction to the bailout: SCAM!!
So, our plan is to give the people who fucked the economy billions of dollars with no real plan to get it back? Brilliant! How could that not work?
The assholes basically just got us to pay them for ripping us off. Quite the smooth move on their part.
But you know, it’s basically rearranging deck chairs on the Titanic at this point. I don’t think $700 billion (actually, with all the pork it’s closer to $850 billion) will make a lick of difference. The problem is much deeper than that; it has to do with the way we create and regulate money, at the fundamental level. Basically, we need to return to the gold standard, eliminate fractional reserve lending and dissolve the Federal Reserve.
This will make for some bumpy transitions, as a nation used to 5% growth every year realizes that maybe 0.2% is more appropriate. Of course, the 5% growth stat is illusionary. You have to grow by 5% every year just to stay ahead of inflation. If you want to actually make money you need an even higher rate — which leads to risky investments. Wall Street wants ever-better numbers and the strain of achieving them has led many an executive to make risky, negligent or downright stupid investments. We need fiscal sanity! It may be boring, and less people will be able to make a living moving electronic numbers around, but it will bring stable beneficence to the majority of the world.
Problem: How to get there from here.
Step one: Reach rock bottom.
We’re well on our way there. I’m afraid nothing will change without suffering because there’s no motivation otherwise. It’s a sad truth. The problem is that we’re speeding too fast towards rock bottom. We may hit it with the impact of a dinosaur falling off a thousand-foot cliff. That would basically end our civilization as we know it.
We need a soft landing. But how to get it? The fat-ass rich people stole the golden parachutes, but in a world where money is worthless paper what help will those parachutes be?
There’s no way out of this one, folks. We’re all gonna die unless somebody has been planning ahead with an altruistic and audacious plan to save us from our high-velocity trajectory straight into the ground.
We can’t look to the people in charge to save us — they’re the ones who got us into this mess. So I guess we don’t have many options. Who has a plan? Who has the resources to make it work? Who among us is bold enough to listen?
We are fast approaching the Rubicon.