While letting my thoughts wander over the words of those angered-up by OWS and other street protests in an article at the Economist website, Rage against the machine, I came across an interesting observation by Der Perfessor:
The major reason why a solution to the Euro crisis is not happening is that the Banks are insisting that ALL their losses on the Euro bonds be repaid by the governments. No haircut at all! In fact, would you believe it, they now want the 450 billion Euro guarantee offered by the EFSC be expanded to, yes , ONE TRILLION EUROS. And they have sufficient sway to prevent a solution to the euro crisis until they get it.
Until the barbarians at the gate find the means to recruit critical masses of unhappy mercenaries to crash the homes/businesses of those in finance who help support “the 1%” – doing real damage a la Gaddafi’s downfall – then life is endlessly the same thing all over again, is it not? No matter how many bandaids in the form of refinanced mortgages we apply to the leaking aorta of a dying system.
What was it that guy said in “Tuesdays with Morrie,” that those who bankroll the military and police to support their financial lavishness are always the real ones in power, no matter how public they appear?
Who casts the first stone, as they say in my subculture?
Not me. I know who I am. I’m as guilty as the next ex-office worker whose fortune was built on a rigged financial system no different than the average Ponzi/pyramid scheme wrapped in an emperour’s new clothing line. An indoctrinated, brainwashed technogeek who created an organisation so well-entrenched into the current dysfunctional system that it’s no better or worse than the system it purports to overrun.
I keep waiting for my team of hackers and scientists tied to the supercomputer to show me a global socioeconomic system that keeps everyone fat/trim, dumb and happy, but they just keep feeding me one exploitative system after another.
There’s a lesson in here, if I choose to think about it…