Tuesday, August 09, 2011

Hang the DJ (of international finance capital)

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I have only been this scared of the black swans twice before.

The first time was a particular date when many on the blogosphere thought Israel was going to attack Iran about a year or two ago. That still not off the table. Watch for a false flag terrorist attack in America from Israel again, especially with a U.N. vote on Palestinian statehood expected this September.

The second was the “tipping point” Half Past Human predicted in January 2011. It was right around when Congresswoman Giffords got shot in Tucson. I don’t think that was the “tipping point” itself. I think maybe that a kind of line unseen that was crossed on or about that time.

Then, the rioting started in Greece, which still percolates. Then the Arab Spring, which still percolates. Then Wisconsin, to a degree. Now London, Spain, and even Israel are either rioting and/or demonstrating en masse.

And now, the third.

Thursday the markets lost 5% worldwide. Friday Amerikkka’s sovereign debt got downgraded by Standard and Poors. Monday, they downgraded Fannie Mae and Freddie Mac debt too. Asian markets seem to be stabilizing on Tuesday after heavy early losses, which is good. What will Tuesday bring at the NYSE? We can only keep our fingers crossed. If it is another 5% loss, the system could buckle. Gold has already popped through the roof of $1,700. Last time I check the Swiss Franc a few months ago, it was at 1.10 on the dollar. Today it’s 1.33. Holy fucking shit! That is almost a 20% gain in a few months!

There is “Panic in the Streets of London,” as the Smiths say and “London’s Burning” as the Clash noticed. The Youtube comments section are fascinating, all atwitter with the relevance of these songs to the events of the last few days in the England.

It is because the "Youth are Getting Restless" (Bad Brains).

It’s a lot like the most recent L.A. riots: legitimate but totally unbridled directionless rage ultimately resolving itself in looting: the consumerist paradise: free stuff!

Free tuff!

It’s a reversion to the 1970s, the worst period of urban decay in the big cities in the core states of global capitalism but aided and abetted by cell phones, texting, and live television, and the decimation of social welfare and education programs as every "major capitalist country" abandons any pretense of the consent of the governed, any pretense of serving the people, and instead absolutely unconditionally give themselves and their countries away to the banksters in the most brazen and complete way possible.

The new technologies help create insta-mobs. Like Vancouver a few weeks ago. Talk about pointless.

Personally, I think it is time for every body to say “I’m Going to Run to the City of Refuge,” like Blind Willie Johnson suggested.

Find your village of refuge. Move towards it. Now is the time. Don't wait. The cities will be painful.

1 Comments:

Anonymous Sandra Davis said...

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11:48 PM  

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