Thursday, December 6, 2007

Goliath

RYAN! Read this one. It was a beautiful, sun-drenched day when the markets capsized. There were just too many defaults - not just in the sub-prime market, but everywhere. We all spiraled into a recession of unprecedented magnitude. All was sacrificed to save the banking system itself, which had the effect of lowering the value of the dollar to about 1 cent.

I asked for a raise that day - 10,000 percent to keep up with the cost of living. I didn't get one, so I quit. There was a general rent increase of 10,000 percent. They stopped paying. Their owners couldn't pay the mortgage as a result.

Here is what went down: The collapse of the system was caused by an extension of what had been happening for quite some time. There are three main players in this game (forgive the biblical references, but this disaster was of biblical proportions):
  • Big banks "Goliath"
  • Medium Banks "Building and Loan"
  • Mortgagees (owners) "David"
See, the Building and Loan banks owned all these loans but couldn't collect their debts in order to pay back Goliath. Goliath forgave the debts of the Building and Loan banks (a bailout). But, the Building and Loan banks continued to collect payments from David. They had no choice - they needed to stay in business. But that doesn't seem fair to David, does it?

It isn't. And more, it was actually the federal government who gave it to Goliath to bailout the Building and Loan banks. So, David is also paying taxes to fund Goliath's bailout. Again, no choice. David must to pay his mortgage to house his family and pay for puppy chow. He also must pay his taxes. So David is now struggling to pay the Building and Loan banks because the bailout increased the money supply causing inflation. The price of everything went up. The value of the dollar went down. His tenants stopped paying rent. His house went into foreclosure. He refused to leave. With rent so high there was nowhere to go.

What happened next was this. The Federal Reserve, in a last ditch effort to avoid disaster, decided to continue lowering interest rates. Adjustable rates had already been frozen so folks could continue to squeeze out payments (which failed to help). This all served to perpetuate the illusion that the system was intact. But, without gold backing, the dollar was actually facing imminent collapse. Suddenly, when people realized what was going on, all debts were forced to be forgiven for everyone at once! No Choice! (The truth hurt for many - some well groomed puppies starved).

So, in this way we are all Goliath. Every one of us. But we are also all David. And the knowledge of what is going on is David's stone. The sling is the ability to communicate this properly to everyone. Once enough people understand what is going on, the deception will dissolve. Mass outrage. Everyone simply can't continue like this until everyone is taking advantage of everyone else. For the sake of peace itself the people will take back what's rightfully theirs, and much turmoil will ensue while this happens. After this we will live once again in a free world - a world wary of Goliath's return.

The ones benefiting from this deception are living in either ignorance or fear. The knowing are increasingly terrified that the people will discover it. The beneficiaries of this delusion include every part of the influential world - mass media, government, wall street - anywhere a buck can be used to take advantage of it. It is truly a battle between the exploiters and the exploited - and the exploited are starting to wake up. Goliath holds the fools gold, and he thinks he makes the rules. But he will soon find that he has underestimated David's will and intelligence and will have pushed his love for peace beyond the event horizon.

What we are dealing with is a plutocracy. The rich happen to be very smart and very capable of sacrificing scruples to rob the rest of us without our knowledge. Often without even their own knowledge. Money isn't the real problem, it's the truth that we are losing! It's the rampant sacrifice of our language that's being lost - the rug of honesty has been pulled out from under us and replaced with a giant piggy bank. The piggy bank of good intentions. With so many sucked into the vacuum of false wealth and influence, those of us clinging to a thread, shoes in the nozzle, are screaming foul while the giant global puppy dog paws at us, calling us uncaring.

Right now truth is at a premium. It's enough to write a long and overly sirius blog about it. (With loathing I have the somber obligation to point out that the use of puppies was purely a demonstration of the core of the problem.)

No comments: