RIELPOLITIK: ‘Musical Chairs’, Waking-Up in a Banker’s Wet Dream

Source – rielpolitk.com

“..Consumer culture fans the flames of incessant need, while Banker’s bait their hooks and lie in wait. Never a though of attempting to live within ones means or the wholesale rejection of a system that persists in eating its own. The trend continues as long as the band plays on, that is until the latest round of fiscal musical chairs ends. At which point the walking wounded are assisted off, and the Dapper Don’s of industry and commerce cry out again for another round of asset-class bail outs….a brief interlude – then strike up the band, the pantomime begins once again”

‘Musical Chairs’, Life Today is a Banker’s Wet Dream

American labor enjoyed a brief day in the sun following the termination of the Second World War. The next 25 years would be remembered by anyone who lived it as an optimistic time of expanding real wealth and increased purchasing power. Escaping the war intact and firing on all engines, American industry provided the sought after finish goods that the world needed and desired.

Fast forward a generation and we might as well be talking about a F. Scott Fitzgerald novel. By the early 70’s deep cracks were beginning to form that suggested the economy had hit a malaise that perplexed even the noted economists of the day. Simply, America’s economic engine had began to sputter – badly. A swift & radical ‘bypass’ procedure was needed & then President Nixon provided the impetuous for this invasive surgery.

The 40 year economic shockwave that still reverberates from those tumultuous days has morphed from a humble church mouse to a Tokyo-destroying 3 headed monster. The only difference being, that no city, or nation state is immune from the ravages of its economic pangs, of floating fiat currencies, asset bubbles, and Petro-dollar politics

After years of lurching from one global economic flashpoint to another, currency speculation, monetary attacks and flash crashes are the built-in outgrowth of a hyper-financialized world on steroids. The tsunami of central bank fiat binge printing, has given rise to both billionaire hedge fund managers and mega-yachts, as well as crime infested third-world inner-cities, and record opioid overdoses.

So exactly what has changed? – In a word, everything

Your either slinging rock or breaking rock…

A house was once a home, and a bank is where Americans parked their hard earned wages. Today, a house is where capital is parked with leveraged funds secured during cyclical inflationary bubbles during delusional bouts of ‘irrational exuberance’

Better work on that jump shot…

The outgrowth of historical low, FED-induced interest rates, sent capital into predominantly two performing economic platforms  – stocks & real estate. In both cases the record market high’s are coming on the heels of devastating market lows which followed the economic implosion of 2008. Factor in that nearly 2/3 of U.S. households couldn’t raise $500. in the case of a financial emergency, and that most are one paycheck away from economic insolvency, you begin to see a whole new version of the American dream taking form….

Most Americans are one paycheck away from the street – https://www.marketwatch.com/story/most-americans-are-one-paycheck-away-from-the-street-2016-01-06

Indebted, down-cast and desperate for a financial reprieve, the economic disenfranchised have been cast aside and no longer warrant much concern. The proliferation of pay day loans and street culture dominates the landscape in many hitherto working heartland towns and cities. The Banksters have tactfully sucked the life force out of an entire demographic (…that being the tax paying working public) to burdened and distracted to see that they have unwittingly been caught in a meticulously constructed corporate web of false illusion, half truths and outright deception.

Meanwhile…

Rents Increase In 89% Of Largest US Cities – https://www.zerohedge.com/news/2018-02-02/small-us-cities-are-now-leading-national-rents-higher

For the ‘comfort class’, who have realized sizable net gains in income over the years, rent extraction has become the ‘go to’ asset class investment. This ‘new normal’, is defined by speculative real estate, and an increasingly despondent ‘rental class’ facing double-digit rent increases in most all major American urban centers.

Ironically, a slow justice is gradually being metered out in the number of discarded syringes, human feces and the noxious stench of mounting garbage evident in many once pristine west coast enclaves.

West Coast City Is Being Overwhelmed By Rats, Drugs, Crime, Piles Of Garbage & Hordes Of Homeless People – https://freedomoutpost.com/this-major-west-coast-city-is-being-overwhelmed-by-rats-drugs-crime-piles-of-garbage-hordes-of-homeless-people/

Consumer culture fans the flames of incessant need, while Banker’s bait their hooks and lie in wait. Never a thought of living within ones means or the wholesale rejection of a system that persists in eating its own. The trend continues as long as the band plays on, (…back loaded low interest teaser loans) that is until the latest round of fiscal musical chairs ends. At which point the walking wounded are assisted off, and the Dapper Don’s of industry and commerce cry out again for fiscal salvation.

A brief interlude – then strike up the band, the pantomime begins once again.

The fact the game is rigged going in seems of little consequence, a steady stream of eager immigrants happy for their first step up the economic ladder ensures a hungry pool of warm bodies to keep it all going. The undocumented compadre sitting to your left is an ever present reminder of your precocious plight should you get an inkling that you are something other then an easily replaceable ingot in a mountain of iron & steel. This says nothing of the beleaguered plight of indentured card carrying citizens, that had better learn Cantonese and quick…

Is there any wonder as to the 40 year disemboweling of American industry coincided with the 40 year rise of the Chinese economic miracle?…40 years, also just happens to be the last time an American worker saw a pay raise.

For most U.S. workers, real wages have barely budged in decades – https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/

Coincidence?…only for an misdirected electorate with increasingly limited critical thinking capacities

https://www.usnews.com/news/national-news/articles/2018-06-14/study-people-are-getting-dumber

Two words accurately encapsulate this government sanctioned, regulatory blood-letting – capital flight

You can add a couple more just to accurately round-out the picture – Tax Haven / Tax Heaven (A hallowed place, with gold-lined streets?…rather gold-lined vaults, that God has provided the tax-adverse, newly sanctified filthy rich.

This brings us full circle to the reality of today in Trump’s MAGA, complete with a thoroughly pissed-off, marginalized working poor, a nervously twitching ‘comfort class’ looking to desperately hang on to past gains, and a truly concerned oligarchic class, wondering if they should take that champagne & caviar to go as the approaching drum beats turn increasingly menacing.

Trump’s call to effectively repatriate a burned-out American heartland with the blood, sweat and toil of American working class brawn, even if that comes by way of increased military spending, ecological ruin and continued corporate largess, flies in the face of the previous administrations, both Republican & Democrat, who personally profited from America’s systematic de-industrialization…

…Blessed be cheap (…& prison) Chinese labor.

With enemies on all sides attempting to derail any and all potential exposure of these treasonous acts of banditry, Trump faces a monumental struggle to remain above water politically.

What is today uncontested, is the fact that life expectancy in the “Land of the Free’ has witnessed an unprecedented reversal, and death comes early to the increasingly marginalized and vulnerable sector of society.

Opiates are to Americans today what vodka was to Russian counterparts equally cast-adrift during the breakdown of Soviet Russia. That a tidy profit is built into the inner mechanics of the crisis, is but a subtle nuance – after all, America was built on opportunity, and death seems like a can’t miss…

http: http://www.rielpolitik.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s