Greetings good citizen, our current commerce system is 'debt driven', creating financial quicksand almost everywhere you look. This, er, 'hazard' isn't a problem if you have a fire hose connected to the endless ocean of money the imagination possesses. Money is a legal fiction and for the most part so is debt.
Now today we return to perhaps one of the most vexing of all of the elephants in the room and that's the trillions of dollars worth of debt humanity has racked up yet a vast majority of humans live in abject poverty.
Heuristics aside I just googled the latest numbers on how much debt a human child is born with and this is all plus or minus a billion because the 'true size' of planetary debt is highly subjective.
According to Bloomberg the infant born ANYWHERE ON THE PLANET in the next ten minutes from your reading this will start life with a tab of $86,000 US, plus or minus a billion. Global debt stands at 184 TRILLION divided by 7.5 billion humans.
How screwed up is it that there are only roughly 2,000 billionaires...y'all think there might be something desperately wrong with our commerce system...like it failed, miserably?
So we begin with the reality that 'debt' is subjective...and apparently f'n NOBODY is paying ANYTHING off [largely because debits against you are credits towards numbnuts fortune, he doesn't want those erased although they should be!
Just wanted to start our 'numbers fun' post with the 'general' picture because it adds 'depth' to Today's offering provided by none other than NY TImes columnist Paul Krugman!
Naturally, saddling a newborn with $ 80K of debt from the get go is only going to mushroom, so by the time that child is 10 it will be well over a hundred thousand and unless the kid's parents are the La Gree's the poor kid hasn't earned cent number one...and they aren't leaving home until they have a job they can support themselves on.
Now Mr. Krugman keeps his focus on government debt but the people wringing their hands [needlessly] over this tangentially understand that they are 'on the hook' for that MONEY.
Now comes the part most of you hate and that's the F-U Pay me part. If we stopped everything in its tracks and demanded everybody pay up, right here and now [even the bankers is laughing because besides the bucket full of smashed assholes that pay themselves saying I've got twice what he's got and point at the richest guy in the room, in case you were wondering where all of this debt is coming from] because almost nobody is 'good for it'.
What does that tell you? Is everything on the up and up or is somebody down and dirty?
It's right there staring you in the face and YOU KNOW what needs to be done about it.
We are all broke and MOST of us suffer for it...because the laws surrounding money are screwy and so flexible that only a few prosper despite many working their hearts out for next to nothing.
Diligence and sacrifice while the few pose and pretend.
THE LAW belongs to all that agree to live under it.
If you don't agree, you need to join in with the like minded and hold the people flaunting the law to account!
It is impossible to enjoy civil society if the people making the rules don't respect those rules themselves!
No doubt about it, we're 'Broke' and that's because the few are robbing the many. This must not stand.
YOU are NOT ALONE. mistake number one is basing your entire decision making process on what's 'good' for you and yours when you NEED to be thinking about the almighty WE and how your petty desires 'mesh' with the well being of society at large.
Admit it, the planet is too small for even one King (or Queen) If you can't get along with humanity maybe you should take the Red Pill and find out what's underneath it. [The cognizant understand this, the rest will scratch their empty head and miss the darkness entirely!]
Life is a cooperative venture, if you are in this for you, you are definitely in the wrong place.
Final note on today's title, debt is a meaningless four letter word until somebody tries to collect.
Thanks for letting me demonstrate that the lump between your shoulders serves a purpose besides being the location of the fill hole for your poop chute.
Gegner
Either you are one of us or it's ALL you...your choice!
Now today we return to perhaps one of the most vexing of all of the elephants in the room and that's the trillions of dollars worth of debt humanity has racked up yet a vast majority of humans live in abject poverty.
Heuristics aside I just googled the latest numbers on how much debt a human child is born with and this is all plus or minus a billion because the 'true size' of planetary debt is highly subjective.
According to Bloomberg the infant born ANYWHERE ON THE PLANET in the next ten minutes from your reading this will start life with a tab of $86,000 US, plus or minus a billion. Global debt stands at 184 TRILLION divided by 7.5 billion humans.
How screwed up is it that there are only roughly 2,000 billionaires...y'all think there might be something desperately wrong with our commerce system...like it failed, miserably?
So we begin with the reality that 'debt' is subjective...and apparently f'n NOBODY is paying ANYTHING off [largely because debits against you are credits towards numbnuts fortune, he doesn't want those erased although they should be!
Just wanted to start our 'numbers fun' post with the 'general' picture because it adds 'depth' to Today's offering provided by none other than NY TImes columnist Paul Krugman!
After all, Republicans spent the entire Obama administration inveighing constantly about the dangers of debt, warning that America faced a looming crisis unless deficits were drastically reduced. Now that they’re in power, however — and with the deficit surging thanks to a huge tax cut for corporations and the rich — they’ve totally dropped the subject.
According to ABC News, Mick Mulvaney, Trump’s acting chief of staff, explained to G.O.P. members of Congress why debt wouldn’t get a single mention in the SOTU: “Nobody cares.”
And you know, he’s kind of right. It’s not just Republicans who suddenly seemed to stop caring about debt. For years deficit scolds dominated discourse inside the Beltway; much of the news media treated the urgency of fiscal austerity as an unquestioned fact, abandoning the usual rules of reportorial neutrality and plunging into outright advocacy. Yet since Trump’s election those voices have become oddly muted.
What we’ve just seen confirmed, then, is what some of us were trying to tell you from the beginning: All that wailing about debt was hypocritical.
Naturally, saddling a newborn with $ 80K of debt from the get go is only going to mushroom, so by the time that child is 10 it will be well over a hundred thousand and unless the kid's parents are the La Gree's the poor kid hasn't earned cent number one...and they aren't leaving home until they have a job they can support themselves on.
Now Mr. Krugman keeps his focus on government debt but the people wringing their hands [needlessly] over this tangentially understand that they are 'on the hook' for that MONEY.
Now comes the part most of you hate and that's the F-U Pay me part. If we stopped everything in its tracks and demanded everybody pay up, right here and now [even the bankers is laughing because besides the bucket full of smashed assholes that pay themselves saying I've got twice what he's got and point at the richest guy in the room, in case you were wondering where all of this debt is coming from] because almost nobody is 'good for it'.
What does that tell you? Is everything on the up and up or is somebody down and dirty?
It's right there staring you in the face and YOU KNOW what needs to be done about it.
We are all broke and MOST of us suffer for it...because the laws surrounding money are screwy and so flexible that only a few prosper despite many working their hearts out for next to nothing.
Diligence and sacrifice while the few pose and pretend.
THE LAW belongs to all that agree to live under it.
If you don't agree, you need to join in with the like minded and hold the people flaunting the law to account!
It is impossible to enjoy civil society if the people making the rules don't respect those rules themselves!
No doubt about it, we're 'Broke' and that's because the few are robbing the many. This must not stand.
YOU are NOT ALONE. mistake number one is basing your entire decision making process on what's 'good' for you and yours when you NEED to be thinking about the almighty WE and how your petty desires 'mesh' with the well being of society at large.
Admit it, the planet is too small for even one King (or Queen) If you can't get along with humanity maybe you should take the Red Pill and find out what's underneath it. [The cognizant understand this, the rest will scratch their empty head and miss the darkness entirely!]
Life is a cooperative venture, if you are in this for you, you are definitely in the wrong place.
Final note on today's title, debt is a meaningless four letter word until somebody tries to collect.
Thanks for letting me demonstrate that the lump between your shoulders serves a purpose besides being the location of the fill hole for your poop chute.
Gegner
Either you are one of us or it's ALL you...your choice!
Thanks for letting me demonstrate that the lump between your shoulders serves a purpose besides being the location of the fill hole for your poop chute.
ReplyDeleteWe are all broke and MOST of us suffer for it...because the laws surrounding money are screwy and so flexible that only a few prosper despite many working their hearts out for next to nothing.
ReplyDeleteDiligence and sacrifice while the few pose and pretend.
According to Bloomberg the infant born ANYWHERE ON THE PLANET in the next ten minutes from your reading this will start life with a tab of $86,000 US, plus or minus a billion. Global debt stands at 184 TRILLION divided by 7.5 billion humans.
ReplyDeleteHow screwed up is it that there are only roughly 2,000 billionaires...y'all think there might be something desperately wrong with our commerce system...like it failed, miserably?
Admit it, the planet is too small for even one King (or Queen) If you can't get along with humanity maybe you should take the Red Pill and find out what's underneath it. [The cognizant understand this, the rest will scratch their empty head and miss the darkness entirely!]
ReplyDeleteAccording to Bloomberg the infant born ANYWHERE ON THE PLANET in the next ten minutes from your reading this will start life with a tab of $86,000 US, plus or minus a billion. Global debt stands at 184 TRILLION divided by 7.5 billion humans.
ReplyDeleteHow screwed up is it that there are only roughly 2,000 billionaires...y'all think there might be something desperately wrong with our commerce system...like it failed, miserably?
Heuristics aside I just googled the latest numbers on how much debt a human child is born with and this is all plus or minus a billion because the 'true size' of planetary debt is highly subjective.
ReplyDeleteAccording to Bloomberg the infant born ANYWHERE ON THE PLANET in the next ten minutes from your reading this will start life with a tab of $86,000 US, plus or minus a billion. Global debt stands at 184 TRILLION divided by 7.5 billion humans.
After all, Republicans spent the entire Obama administration inveighing constantly about the dangers of debt, warning that America faced a looming crisis unless deficits were drastically reduced. Now that they’re in power, however — and with the deficit surging thanks to a huge tax cut for corporations and the rich — they’ve totally dropped the subject.
ReplyDeleteStill looking forward to voting in 2020?
ReplyDeleteWhat does that tell you? Is everything on the up and up or is somebody down and dirty?
It's right there staring you in the face and YOU KNOW what needs to be done about it.
Diligence and sacrifice while the few pose and pretend.
ReplyDeleteTHE LAW belongs to all that agree to live under it.
Admit it, the planet is too small for even one King (or Queen) If you can't get along with humanity maybe you should take the Red Pill and find out what's underneath it. [The cognizant understand this, the rest will scratch their empty head and miss the darkness entirely!]
ReplyDeleteLife is a cooperative venture, if you are in this for you, you are definitely in the wrong place.
Final note on today's title, debt is a meaningless four letter word until somebody tries to collect.
Naturally, saddling a newborn with $ 80K of debt from the get go is only going to mushroom, so by the time that child is 10 it will be well over a hundred thousand and unless the kid's parents are the La Gree's the poor kid hasn't earned cent number one...and they aren't leaving home until they have a job they can support themselves on.
ReplyDeleteThanks for letting me demonstrate that the lump between your shoulders serves a purpose besides being the location of the fill hole for your poop chute.
ReplyDeleteLost in translation is what we choose 'leaders' to do. All sixteen Conservo-whacko candidates (the incumbent draft dodger included) ran to be 'Commander-in-Chief' when the last thing this nation needs is a military leader. We don't need a warrior, we need a peacemaker that isn't totally blind!
ReplyDeleteBut for psychological reasons Movement Conservatism hinges on being the strongest, baddest and fiercest Lunatic on the planetary block.
Now today we return to perhaps one of the most vexing of all of the elephants in the room and that's the trillions of dollars worth of debt humanity has racked up yet a vast majority of humans live in abject poverty.
ReplyDeleteHeuristics aside I just googled the latest numbers on how much debt a human child is born with and this is all plus or minus a billion because the 'true size' of planetary debt is highly subjective.