Image by david_shankbone via FlickrEeyores EnigmaFirst the most powerful meme of this movement, the one that scares TPTB to there core, is the fact that it is all about;
1% vs the other 99%
The accounting has been done by multiple organizations. The banking industry in the US and probably globally, have the assets to cover peoples deposits, merchant deposits and transactions, basically all of the "REAL ECONOMY's" money.
Unfortunately this only represents a small portion of the banking and finance industries activities. The other 90% of what they have been doing, essentially gambling and fraud, is what is being bailed out, that is what is at risk if (when) banking collapses, NOT the real economy.
This is a bit over simplified as banking collapse would certainly effect all trade and therefore the real economy but not in the way that they are saying and recovery of the real economy would be possible and maybe even reasonable whereas what is happening right now is that the real economy where 99% of us live, is being sucked dry, thrown under the bus, raped, or what have you, in order to cover the bad gambling debts of the 1%.
It's not just banking and finance it is all big corporations most of which have been augmenting low and declining revenues from making and selling stuff by participating in the financial dealings (gambling and fraud) also.
The politicians currently in charge (and those aspiring to be) got there positions and owe complete allegiance to BIG money. They will do what is best for the 1% NOT what is best for the 99%. In all fairness they are convinced that serving the 1% is whats best for the other 99%. I know this for a fact.
Money = a claim on the future.
1% controls all of the money.
99% have no future.
Bottom line This is a crisis of capitalism but this is where it gets tricky.
Debt driven Capitalism is and has been the optimal system to promote exponential growth. Resource depletion, over population, environmental degradation, are just a few of the detrimental results. A version of capitalism is what every Country around the world uses to juice growth, even communist China. Silly people think they can control capital, LOL!
Capitalism functions like a pyramid scheme in that there are always opportunities for more and more people to acquire wealth but only as long as multiples of additional participants are constantly coming in at the bottom. Oh, yeah, capitalism also requires that there is enough cheap, almost free energy coming on line at a similar or greater multiple in order for those participants to generate excess profit$ to pass on up the pyramid.
Right now there are plenty of willing participants but due to the lack of cheap, almost free energy these participants are unable to generate "excess profit$" to pass up the pyramid. Low life bums. So instead of money flowing, being pushed up that is, the relentless, unquenchable demand that "capital" is simply sucks it up anyway it can even if it has to create virtual participants with virtual excess profits. There is no stoping capital…FEED ME SEYMOUR!
Capital has muscle too and is always looking for cheap, almost free energy. Is it any coincidence that last of the light sweet crude is in Iraq and Libya?
Even that is not enough so it just keeps on expanding debt/credit and skimming off the top.
Debt/credit expansion has continued on well beyond anything that this planet can ever support.
Problem is whenever you talk this way people scream "your a damn communist/ socialist".
Clearly humanity needs to operate from a base of support that includes healthcare for all. education for all, security in old age for all, in order to maintain dignity and humanity and this is socialism. Above and beyond that maybe we can have some form of capitalism that allows people to reach there aspirations BUT CAN NEVER INTRUDE ON THE BASIC SOCIALISTIC BASE SYSTEM.
Truth is we kind of had this sort of setup here in the US for a while but then capital noticed this while heading out for some grub one day and…well the rest is history and here we are.
Maybe instead of Debt based Capitalism we should try Gift based Capitalism.
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