Submitted by Tyler Durden on 06/30/2015 21:15
-0400
A while ago I had the
pleasure of hearing Sergey Glazyev—economist, politician, member of the Academy
of Sciences, adviser to Pres. Putin—say something that very much confirmed my
own thinking.
He said that anyone who knows mathematics can see that
the United States is on the verge of collapse because its debt has gone
exponential.
These aren't words that an American or a European
politician can utter in public, and perhaps not even whisper to their
significant other while lying in bed, because the American eavesdroppers might
overhear them, and then the politician in question would get the Dominique
Strauss-Kahn treatment (whose illustrious career ended when on a visit to the
US he was falsely accused of rape and arrested).
And so no European
(never mind American) politician can state the obvious, no matter how obvious
it is.
The Russians have that
pretty well figured out by now. Yes, maintaining a dialogue
and cordial directions with the Europeans is important. But it is well
understood that the Europeans are just a bunch of American puppets with no will
or decision-making authority of their own, so why not talk to the Americans
directly? Alas, the Americans too are puppets. The American officials and
politicians are definitely puppets, controlled by corporate lobbyists and shady
oligarchs. But here's a shocker: these are also puppets—controlled by the
simple imperatives of profitability and wealth preservation, respectively. In
fact, it's puppets all the way down. And what's at the
bottom is a giant, ever-expanding, financial black hole.
Do you like your black
hole? If you aren't sure you like it, then let me ask you some other
questions: Do you like the fact that your credit cards still work, or
that you can still keep money in the bank and even get cash out of an ATM
machine, or that you are either receiving or hope to eventually receive a
pension? Do you like the fact that you can get useful things—food, gas, airline
tickets—for mere pieces of paper with pictures of dead white men on them? Do
you like the fact that you have internet access, that the lights are on, and
that there is water on tap? Well, if you like these things, then
you must also like the financial black hole, because that's what's making all
of these things possible in spite of your country being bankrupt.
Perhaps
it's a love-hate relationship: you love being able to pretend that everything
is still OK even though you know it isn't, and you wish to enjoy a bit more of
the business-as-usual before it all goes to hell, be it for a few more days or
another year or two; but you hate the fact that eventually the black hole will
suck you in, after which point things will definitely... suck.
In the United States, so
far the black hole has been sucking in individual families (although it does
sometimes suck in entire cities, like Detroit, Michigan, or Bakersfield,
California, or Camden, New Jersey). With the help of the
fraudulent mortgage racket, it sucks in houses, and spits them out again
encumbered with bad debt. With the help of the medical industry, it sucks in
sick people and spits them out again, bankrupt. With the help of the higher
education racket, it sucks in hopeful young people, and spits them out as
graduates, with worthless degrees and saddled with mountainous student debt.
With the help of the military-industrial complex, it sucks in just about
anything and spits out corpses, invalids, environmental damage, terrorists and
global instability. And so on.
But the black hole can also
suck in entire countries. Right now it's busy trying to suck in Greece, but it's
having a hard time with it, because Greece is, of all things, a democracy. This
has the black hole's puppets in quite a state at the moment, and starting to
clamor for “regime change” in Greece, so that Greece can be made to capitulate
before the black hole gets hungry.
The way the black hole
sucks in entire countries is as follows. If the black hole doesn't
have enough to suck in for a period of time, it gets hungry and makes the
financial markets go into free-fall. The financial instruments of countries
that happen to be farther away from the black hole—out on the periphery—fall
faster. In search of a “safe haven,” money floods out of these countries and
into the “core” countries that are clustered tightly around the black hole—the
US, Germany, Japan and a few others. The black hole gobbles up this money, but
is then hungry for more. But since the periphery countries are now financially
too weak to resist, they can easily be turned into black hole fodder. This is
done by saddling the country with a foreign debt it can never repay, then
forcing it to keep making payments against this debt by making it a condition
for maintaining a financial lifeline—keeping the banks open, the ATMs stocked,
the lights on and so on. To be able to make the payments, the country is forced
to dismantle its society and economy through the imposition of austerity, to
privatize everything in sight turning it into collateral for more loans, and to
surrender its sovereignty to some transnational organizations, such as the IMF
and the ECB, which are directly involved in the care and feeding of the black
hole.
Who is in charge of all
this? you
might ask. If all there is is the black hole, the puppets charged with its care
and feeding, and its hapless victims, then who is making the decisions? Well,
it turns out that the black hole is sentient. But it is also very, very stupid.
And the way is enforces its will is by destroying the minds of its puppets—by
making them unable to understand certain things. However, stupidity is a
double-edged sword, and in enforcing its will in this manner the black hole
also thwarts its own purpose.
For example, some time ago
the black hole happened upon a rather large item it wanted to suck in, but
couldn't. The item is called Russian Federation. It controls a huge
territory that is full of all sorts of natural resources the black hole would
love to turn into loan collateral and suck in. The problem is that it is full
of Russians, who are a difficult people for the black hole's puppets to deal
with. They keep telling the puppets to please keep their toes on the other side
of that red line over there, and if they don't then click goes the safety on
their guns, precluding further discussion.
This situation calls for
negotiation, but the black hole, which, as I mentioned, is very, very stupid,
has just one negotiating tactic. It makes its demands,
and then waits for the other side to capitulate. If that doesn't work, it
applies pressure: imposes sanctions, attacks the currency, complicates
financial transactions, arrests the country's foreign assets and so on—and
waits for the other side to capitulate. And if that doesn't work either, then
the country gets bombed to rubble by NATO or, if NATO doesn't want to come
along, by the US alone. That generally works, but in the case of Russia it
doesn't. But the black hole, if you recall, is very, very stupid, so it keeps
trying anyway. As it does, the minds of its puppets get really warped, to a
point where they don't understand what's going on at all.
For example, everybody
knows by now that pressuring Russia doesn't work: according to Newton's Third
Law, every action produces an equal and opposite reaction, and Russia is big
enough that pushing it doesn't cause it to move at all—it just causes whoever
is pushing it to hurt themselves. It's like trying to shift the Earth's orbit
by jumping off a chair while keeping your knees locked—which is a good ploy if
you are clamoring for medical attention. In fact, the Russians are
rather grateful for the sanctions, because now they have a reason to finally
get serious about investing in domestic economic development and
self-sufficiency. But the puppets, having had their minds warped by the black
hole, cannot see that, so they just keep pushing, wrecking their own economies
in the process.
Since the sanctions don't
work, it is time to exercise the military option. Doing so requires concocting
a casus belli—a reason to go to war. The black hole does this by hallucinating:
Russia invaded Crimea!—sure, a few hundred years ago, and has been there
ever since, most recently based on an international agreement, but never mind!
(Oh, and legally Crimea was never actually made part of the Ukraine because
Nikita Khrushchev botched the paperwork when handing it over.) OK, never mind
that, but then Russia invades the Ukraine!—on every day that has the letter “D”
in it, but it's very sneaky and withdraws its troops before anybody can snap a
single picture of them there. OK, never mind that either, but then Russia is
poised to invade Estonia, Latvia and Lithuania, and maybe Poland too. Invade
how? You mean like take a bus to the music festival in J?rmala? Consider it
done, but the festival is already over and the invading music fans are back
home. OK, never mind that either. But the puppets keep saying “Russian
aggression!” over and over again. It's the brain damage caused by proximity to
the black hole. Look at this poor guy, for instance. He keeps flapping his
lower jaw, going “Russian aggression! Russian aggression!” while trying to
self-soothe by fondling the rump of his imaginary pet cow. God help him.
Back to the real world: the poor puppets
are unable to understand that there is no military option when it comes to
Russia: it's a nuclear power with an excellent strategic deterrent, a
well-defended territory, and no aggressive intentions against anyone. But
the puppets, with their warped minds, cannot see that, and so they pile various
kinds of obsolete military junk along Russia's borders, and are even
threatening to bring into Europe the entirely obsolete Pershing medium-range
nuclear missiles. They are obsolete because the Russians now have the S-300
system with which to shoot them all down. The military option just isn't going
to work, but don't tell that to the puppets—they cannot absorb such information
without sustaining further neurological damage.
Back to Greece: tiny Greece
certainly isn't mighty Russia, but it nevertheless refused to capitulate to the
demands of the black hole. It was asked to completely wreck its
society and its economy as a condition for maintaining its financial lifelines
from the IMF and the ECB. Most inconveniently for the black hole and its
puppets, Greece is not some obscure “third world” country peopled by
dark-skinned people you wouldn't want your daughter to marry, but a European
nation that is the cradle of European civilization and democracy. Greece
managed to elect a government that tried to negotiate in good faith, but the
puppets don't negotiate—they demand, threaten and cause damage until they get
their way—or until their heads explode.
This one will be
interesting to watch. If the black hole does succeed in sucking in
Greece, then which country is next? Will it be Italy, Spain or
Portugal? And, as that process continues, at what point will enough people say
that enough is enough? Because when they do, the black hole will shrivel up. It's
not a real black hole that's made up of incredibly dense matter—so dense that
its gravitational field traps even light. It's a fake black hole, made up of
everyone's combined greed. It has greed at its core, and fear all around it,
and it sustains itself by feeding on fear. If it can continue
sucking in people, families and entire countries, it can keep the greed at its
core alive, but if it can't, then the greed will also turn to fear, and it will
shrivel up and die. And I hope that when it dies all of its
brain-damaged puppets will snap out of it, realize how deluded they have been,
and go find something useful to do—farm sheep, grow vegetables, dig for
clams...
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