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PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Tag Archives: Economic collapse

The New Normal?

10 Tuesday Nov 2015

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ Comments Off on The New Normal?

Tags

Amercia, banksters, corporatism, decline, Economic collapse, economy, employment, fiat money, government, Green Day, money, new normal, Social Security, society, The People, welfare

I want to take a ride to the great divide
Beyond the “up to date” and the neo-gentrified
The high definition for the low resident
Where the value of your mind is not held in contempt
I can hear the sound of a beating heart
That bleeds beyond a system that’s falling apart
With money to burn on a minimum wage
I don’t give a shit about the modern age

I don’t wanna live in the modern world!
I don’t wanna live in the modern world!
I don’t wanna live in the modern world!
I don’t wanna live in the modern world!

– Green Day, American Eulogy, 2009.

What is happening to my beloved America?

Two days ago I wrote about the sizable cracks in the social/political/economic facade of my country. I found additional evidence yesterday which indicates we are headed for disaster, already having fallen off the cliff and just waiting for impact. All of this points to a coming cataclysm. But, what if it means something else? What if this, for now, at least, is the new normal?

Until the end of the twentieth century people lived, worked, earned and bought things. This buying perpetuated the working and earning. Very simple economics, micro and macro, really. Today things are a little different. People live but the manner and conditions have changed. Many work but do not earn enough to buy. Others are either cast into despair or paid not to work. Everything is paid in debt and/or fiat money.

The cost of the non-work alone is staggering. The current budget for the Social Security Administration alone is nearly $1 Trillion – about the equivalent of Ronald Reagan’s entire budget back in 1982. That’s over $6,000 for every job in the nation. When the great ponzi scheme tax was first foisted on the people, there were dozens of working taxpayers for each recipient. Soon, if things continue, those figures may be reversed. Can that continue?

SSA spending also includes, in addition to retirees, disability and other welfare payments. It’s a mechanism for buying off the unemployed. You likely know someone who collects a disability check, lives on it without working, but shows no signs of ailment. This trend and others like it (food stamps, etc.) are growing yearly. The new normal?

By and large, employment and the funny-money field economy have been “crapified.”

From the perspective of employees, the ‘crapification’ of jobs boils down to 1) low/stagnant wages for 2) highly structured, boring, repetitive and often difficult work. The decline in the quality, pay and upward mobility of jobs is directly related to the dynamics of globalization, financialization, and the surplus of ordinary labor and capital:

…

The reality is that humans can only be pushed to produce more if the tools they’re using become more productive.

The decline in jobs and job quality is having a serious and deleterious effect on society.

The underlying pathology is not hard to describe: employers (enabled by the Fed which has since the 1980s been only too wiling to provide for higher levels of unemployment so as to curb labor bargaining power to keep inflation tame) have succeeded in eliminating labor bargaining power. That program has been aided and abetted by the popularization of libertarian ideologies, which encourage many to see themselves as more in charge of their destiny than they are and thus see success and failure as the result of talent and work, as opposed to circumstance. For instance, one group that could have disproportionate power if they chose to use it, tech workers (particularly systems administrators and key support personnel in large systems deployments) have never seemed inclined to find a way to use it.

…

Many men, in particular, have decided that low-wage work will not improve their lives, in part because deep changes in American society have made it easier for them to live without working. These changes include the availability of federal disability benefits; the decline of marriage, which means fewer men provide for children; and the rise of the Internet, which has reduced the isolation of unemployment.

At the same time, it has become harder for men to find higher-paying jobs. Foreign competition and technological advances have eliminated many of the jobs in which high school graduates like Mr. Walsh once could earn $40 an hour, or more. The poll found that 85 percent of prime-age men without jobs do not have bachelor’s degrees. And 34 percent said they had criminal records, making it hard to find any work.

Is this what we want? For the elites it seems so. There is an old saying you tax something if you want less of it and you subsidize something if you want more of it. Outright taxes, inflation and regulatory costs are causing less employment and loss of employment choice and quality. At the same time the government, Banksters and corporations encourage more unemployment and dependence and subservience via welfare, off-shoring, immigration, and a host of bailouts for otherwise normal business operations.

This is all insane. It’s demeaning and destructive. The working man lives with a system that hates him and treats him worse than an animal. He toils at a job he doesn’t value. It provides him little value. His employer doesn’t value him. He stops valuing himself, his dignity, his family obligations and his place in civilized society. Micromanagement becomes macro-destruction.

obama-economy-sinking-ship-political-cartoon

Google.

This is the new normal? I hope and pray we can break free of these veritable chains before they drag us into a collective grave. I pray it happens sooner than later. If not, I don’t want to live in the modern world.

The Times They Are A Changing

21 Wednesday Oct 2015

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ 2 Comments

Tags

America, Big Club, capitalism, college, communism, corporatism, debt, Economic collapse, Farnoosh Brock, government, James Alutcher, jobs, middle class, The People

If one diverts one’s attention from felons catching footballs or running for president, the signs of financial fallout and societal decay abound in America.

The middle class is broke and vanishing at an alarming rate. Forty percent of working Americans do not meet the $28,000 federal standard for poverty qualification. And, again, those are people who are working. The real rate of unemployment in this country is staggering – probably close to 20%. Those poor without jobs and those marginally employed make ends barely meet via debt and government subsidies. Almost 50 Million are on food stamps.

The government caused a lot of the problems. Fiat money backed by nothing, runaway spending, burdensome taxes and regulations, and job-destroying programs like NAFTA and ObamaTrade have filed the growth of the government, select corporations and a wealthy, well-connected few. The lower, middle and upper-middle classes have been run through the ringer.

Whole Industries are changing. Everything that can be outsourced overseas is. No jobs for us. Everything that can be automated is. No jobs. Insane levels of immigration pushes native citizens out of the labor force. No jobs.

The jobs that remain for the people are low paying, bereft of benefits, and, increasingly, temporary (permanently temporary).  Those jobs too are cut whenever possible.

For years, decades the prosperity script was: go to college; get a good company job; buy a nice house; buy a nice car, and; have a family. Today, there are few corporate jobs to be had and they treat you like shit and pay you similarly. All those other things can only be accomplished by going into ridiculous levels of debt. All this is encouraged by the government and the Big Club. Theirs is a bastardized version of capitalism – corporatism – as bad for the free as communism.

Increasingly, many of the formerly normal concepts have become worthless. College education isn’t anymore. Schools used to educate young people. Now they mold them into pathetic, emotionally challenged wimps. These folks are not fit for employment or much else. And, many (maybe most, now) who do get jobs are employed in areas which do not require formal education anyway. Again, its only those lucky enough to find the jobs.

America is on edge, a time bomb waiting to go off.  All that is needed is either a trigger event(s) or enough realization by the people of how had they’ve been shafted the bomb goes off. Unpleasant to contemplate.

Rather than attempt to avert the disaster our “leaders” do everything conceivable to hasten the day of reckoning. Stupidity and evil are constantly on display in D.C. and mirrored throughout larger society.

I have written about this before:

These troubles will ultimately resolve themselves. After the inevitable big national bankruptcy we will have the chance for a reset. This should include universal debt repudiation and a return to a real monetary and financial system based on the free market. If done right there will be no room or need for any government meddling.

This future fresh start is the silver lining to look forward too. Make the best of the wild ride until then.

I am optimistic about the future though maybe not the immediate future. What to do until then?

The best lesson I ever got in college came in the way of side advice from a professor, the legendary C. F. Floyd. He said, “get your life out of sync with the rest of the world as fast as possible.” If the rest of the world falls apart, you need not participate.

b0248deb731ac51fa6f939fdf31e8b8a

Unnatural and deadly. Google.

I’m a big fan of Jame Altucher and Farnoosh Brock, both of whom rail against college for college’s sake and conventional, mythical employment. See if you agree with their reasoning and if their ideas are compatible with your life.

Learn what you want to not what you “need” to. Don’t go into debt. Don’t support a government bent on killing you. Don’t sacrifice family time slaving for a soulless corporation which really hates you. Pay no heed to the entertainment/distraction industry and their efforts to blind you.

Change yourself a little and the Big changes you encounter won’t hurt as much. Be yourself. Be free.

 

Drone Cold Crazy

17 Saturday Oct 2015

Posted by perrinlovett in Legal/Political Columns

≈ Comments Off on Drone Cold Crazy

Tags

America, crime, drones, Economic collapse, Edward Snowden, government, insanity, middle east, Obama, politicians, terrorism, The People, War, Washington

Years ago I pondered the menace of the Empire’s drone wars: here and here.

The New york Times has warned that 1600 Pennsylvania Avenue may be engaging in a “‘Whac-A-Mole’ approach to counterterrorism.”  Makes you feel all warm and fuzzy, does it not? Silly old Jimmy Carter was laughed at for once stating he sought nuclear policy advice from his daughter. Now we have a deadly serious policy operating on the principles of a carnival game.

Droning On and On.

It seems “Whac-A-Mole” was the perfect description of the program. Read this: The Drone Papers. In Edward Snowden style someone has leaked detailed classified information about America’s drone wars.

The Intercept has obtained a cache of secret documents detailing the inner workings of the U.S. military’s assassination program in Afghanistan, Yemen, and Somalia. The documents, provided by a whistleblower, offer an unprecedented glimpse into Obama’s drone wars.

The Intercept.

From the “Firing Blind” section:

The Obama administration has portrayed drones as an effective and efficient weapon in the ongoing war with al Qaeda and other radical groups. Yet classified Pentagon documents obtained by The Intercept reveal that the U.S. military has faced “critical shortfalls” in the technology and intelligence it uses to find and kill suspected terrorists in Yemen and Somalia.

…

A report last year by retired Gen. John Abizaid and former Defense Department official Rosa Brooks noted that the “enormous uncertainties” of drone warfare are “multiplied further when the United States relies on intelligence and other targeting information provided by a host nation government: How can we be sure we are not being drawn into a civil war or being used to target the domestic political enemies of the host state leadership?”

In 2011, for example, U.S. officials told the Wall Street Journal that they had killed a local governor because Yemeni officials didn’t tell them he was present at a gathering of al Qaeda figures. “We think we got played,” one official said. (The Yemeni government disputed the report.)

We’re being played while we play with fire, firing blindly at phantoms of enormous uncertainty. That reminds me of the people’s part in electoral politics.

Shooting missiles at local politicians and goat-herders in foreign countries does nothing to fight terrorism. Muslim terrorists are in America and operating freely – in Boston, Oklahoma City, Chattanooga, etc. More are being imported by the master terrorists in Washington.

These proxy operations only serve the military-industrial complex and the bankers. And, we are rapidly running out of money to pay them.

All of this will end, it just won’t end well.

Financial Meltdown 2015?

07 Wednesday Oct 2015

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ 1 Comment

Tags

America, banksters, debt, Economic collapse, economics, economy, Free markets, goverment, Ron Paul, the future, War, Washington

I recently wrote about the not so green American economy.

Turns out things are a little worse that I thought. This past financial quarter saw $11 Trillion in wealth wiped out of the stock market. That’s a lot of money, close to whole year’s GDP.

Economists are now saying the markets are at the panic levels last seen in 2008.

It looks like the housing bubble is back. And, it brought with it a stock bubble, a student loan bubble, a car loan bubble, and a potentially industry destroying banking bubble (really the same one from last time).

The central bankers and planners who along with their hired politicians caused these problems, are running out of ways to “fix” them. There is no conventional solution. There’s just too much debt freely floating around – all based on monopoly money. Factor in the derivatives bubble and it goes from surreal to purely hilarious.

I’ve been looking for a big incident, a market crash or war or something, to herald the next collapse. These things may well happen but it doesn’t matter. The decline in happening now – just in slow, unstoppable motion.

iStock_000015191537XSmall-300x300

Google.

None of the big party charlatans seeking the Presidency have a solution. Most avoid the issue or, worse, propose making it more of a disaster. Since Ron Paul left, no one in Washington has any solution. Even if they did the corporate masters would never allow it while there remains one single penny to steal.

These troubles will ultimately resolve themselves. After the inevitable big national bankruptcy we will have the chance for a reset.  This should include universal debt repudiation and a return to a real monetary and financial system based on the free market. If done right there will be no room or need for any government meddling.

This future fresh start is the silver lining to look forward too. Make the best of the wild ride until then.

The Opposite of Green Shoots

23 Sunday Aug 2015

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ 1 Comment

Tags

BRICS, Dow Jones, Economic collapse, economy, Einstein, goverment, insanity, politics, The People, The West

At the end of last week the Dow Jones dropped 888 points. This number is a boon to certain numerologists. A boon for the social justice crowd came when the wealthiest 1% lost $182 Billion! instantly.

I see no upside here. The fact is the 2008-2009 recession never ended. The great recovery wasn’t. The commercial banks and a select few corporations were propped up with tens of trillions of new “out of thin air” funny dollars. It bought them a little time – time to grab everything of value they could. The grabbing is frantic now.

The rest of us have little to nothing. There are few high paying jobs. The mighty BRICS are crumpling. The West is teetering. All we’re left with is higher prices, lower pay and the most pathetic assortment of political candidates ever assembled.

Okay, yes, the price of gas is collapsing. That’s positive for now. Only for now, for later it’s a harbinger of ill to come.

This week or next the markets should pep up a bit. But, fall and winter are coming.

What do those lovely candidates have to say about all this? More spending? More funny money? A wall? A wall built with funny money? Remember, while walls can keep foreigners out, they can also keep natives in.

There are solutions to these problems. You will not hear them on Fox, CNN or CNBC. Most people would reject them anyway. We’ve been here before – again and again and again. Einstein’s iron law of insanity.

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Perrin Lovett

From Green Altar Books, an imprint of Shotwell Publishing

From Green Altar Books, an imprint of Shotwell Publishing

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