And so it shall be done...

Haunted and evil

Take a listen to this hauntingly beautiful rendition of Vader's Theme:

Destroying the village in order to save it

I had to laugh when I saw this quote:

Community banking executives around the country responded with anger yesterday to the Bush administration's strategy of investing $250 billion in financial firms, saying they don't need the money, resent the intrusion and feel it's unfair to rescue companies from their own mistakes.

[snip]

"These measures are not intended to take over the free market but to preserve it," Bush said.

This sounds so much like Vietnam-psychosis it's sick. Destroying the village in order to save it didn't make sense then and it doesn't make sense now. Once you've started down that path you never find a reason to stop interfering -- something, somewhere always needs to be saved. Somehow I suspect that Bush will "save" the economy in the same way he saved Iraq!

Peter Fitzgerald, chairman of Chain Bridge Bank in McLean, said he was "much chagrined that we will be punished for behaving prudently by now having to face reckless competitors who all of a sudden are subsidized by the federal government."

At Evergreen Federal Bank in Grants Pass, Ore., chief executive Brady Adams said he has more than 2,000 loans outstanding and only three borrowers behind on payments. "We don't need a bailout, and if other banks had run their banks like we ran our bank, they wouldn't have needed a bailout, either," Adams said.

Hahahaa! The biggest socialist in Washington these days sits in the White House. Comrade Bush has decided that we need a planned economy, managed by the Executive Branch for the good of the rich.

Comrade Bush has managed to combine the worst parts of both socialism and fascism in his flailing "efforts" to save the economy, which, upon closer inspection, actually seem to be more about re-making the economy in his own image. Let the little guys die, save the big guys with massive amounts of free (taxpayer) cash and then claim you were trying to save the economy as a whole.

Others banks judged too sick to save will be allowed to fail.

Guess who gets to judge? Bush, Bernanke and Paulson, of course.

We're in deep shit.

Darkfold shows -- Are you ready to Rocktober?

I've got two Darkfold shows coming up in October (plus two more in November). Sorry for the short notice on the first one, but it's on Thursday October 16th at the legendary 400 Bar in Minneapolis!

Then the next gig is on Friday October 24th at Station-4 in St. Paul at 10pm. Both shows are with Foresight for Sore Eyes and Human Bean.

Check out a quick review on PerfectPorridge and find our tunes on MySpace or Last.fm. Be sure to check out PerfectPorridge for a chance to win the album just by saying you deserve it!

We're all gonna die: Why we need a soft landing

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.