banker buddies

BANKER BUDDIES


I don’t know if I shared this with you before, but if I did I’d already forgot. My dad, the only mortgage holder I speak with on a regular basis, was sarcastically commenting on his “golden years” ( These Happy Golden Years (Little House) ) and telling me not only is the insurance company trying to weasel out of his last operation ( a big chunk of change goes to private medical insurance to cover everything the government plans don’t ) but the county has gotten into the act of trying to survive off of his wrinkled and decaying ass and doubled his property tax. Now, it is one thing to hear about Yuppie Scum in some extreme craphole place like New Jersey paying the highest property taxes in the nation, most likely due to all the higher salaries living in Jersey and commuting to NYC, but quite another to hear about our late great state of Nevada moving up into the “insane” range of property tax rates. It was only a very short time ago that this was a very decent place to live, tax wise. But the allure of free money from California corrupted local government and they allowed way too much over-building to happen. Past the point there was enough water for all the Cadillac washing, plant-a-lawn-in-the-desert idiots. Californians are used to sucking a nearby mountain range dry for their water wasteful ways but Nevada ( Roadside History of Nevada (Roadside History Series) ) never mastered that trick. Well, I guess the county down that way got used to being on a higher income, kind of like my ex-wife, and just like my ex-wife there is absolutely no way common decency or common sense is going to stand in the way of their standard of living. As property values sunk a quarter to a half, the county officially acknowledged that fact but raised the tax rates to not only keep their income level but indeed to double it ( at least from one source- I don’t know about overall income ). The mortgage went from a grand to $1250. Just what everyone can afford, more medical bills along with double taxes, double food prices and half the hours at work. Mortgages are death traps.

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Local, state and federal governments are in huge trouble financially. We can all agree with this. But why did they get in so much trouble? Just like most of us, they charged too much on the credit card ( Tool Logic CC1SB Credit Card Companion With 1/2 Serrated Knife, Compass, Magnification Lens, Tweezers and Toothpick, Translucent Black ). Then, when our paychecks were cut and things got tight, we used the credit card to pay for groceries and other living expenses. So every month things got worse and worse. Which is why cops are put on revenue enhancement duties ( stopping crime doesn’t pay ) and home owners get property taxes doubled. At this point in the game, eating the seed corn is the only option left. Pollyanna pukes talk about the COMING financial collapse ( On the Brink: Inside the Race to Stop the Collapse of the Global Financial System ) like it ain’t already here. This is so that they can fool themselves that it is alright to stay in a huge metropolis death trap because they have a “good” job, or family or whatever around. I’m not throwing any glass house stones here. I stayed in Carson City long after I should have due to nearby family. But at the first chance I got the house was towed up here, not the safest place but certainly much safer than many. A town in the middle of no where with a population of 100 is too crowded if you are the only one with food supplies. But to live in a crowded city is NEVER a great idea waiting out the apocalypse. The simple fact is that putting aside all other problems, Peak Oil and solar flare or Chinese EMP or global weather imbalances or looming grain shortages or whatever, the fact is that the economic meltdown continues. That fact alone should be lighting a fire under your ass to hurriedly prepare.

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It took a hundred years for our central bank ( Banking on the Future: The Fall and Rise of Central Banking ) to get to the point it is at now. There was no centralized control, no puppet masters pulling ALL the strings. Just influence here, influence there, money in the right hands, one gain building on another and all economic activity is now feeding the beast. But as I said, after one bubble too many, the beast is eating the seed corn. There is nothing left to plunder to survive after a certain point. No war to come ( we have high tech, low resource intensive [ other than other peoples oil ] wars now, not like WWII when we shoved men and material into the grinder ). No going from tax and spend to pure deficits. No Chinese bail-outs. No taxpayer bailouts ( the money is printing press created for bail-outs but it just creates inflation ). The beast is on its last legs. But don’t cheer just yet, because we get pulled down with it. Debt, with the resulting interest payments, IS the economy. Or, WAS, anyway. More and more jobs disappear every month, as the credit creation economy vanishes. Every month, the rate of increased job loses is less than the bubble implosion years back and that is used as proof that we’ve recovered. Because we keep losing jobs, but not as quick! There’s proof if I ever needed it.

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Don’t get me wrong, our empire collapse is due to contracting energy supplies. But my point here, just the financial aspect of that is enough to put us all in a bad situation. Your income drops, whether through going from two incomes to one, or a cut in hours, or inflation, and your bills go up through the governments bankruptcies. I don’t know why a few civil servants pensions are taking all tax payers down with them. Wouldn’t the prudent thing to do be to have the few suffer rather than the many? I mean, if every home owner loses their home due to taxes doubling, isn’t the county worse off? This is what I mean about eating the seed corn. My guess is that the bankers are now surviving off of the interest revenue made from forcing on the states, counties and cities emergency loans ( Loan Shark Emergency Room ) needed to survive another fiscal year. The central bank, which evidently never has too many trillions of dollars, has placed most of the globe in a position where all activity is unsustainable, all resources are mined as quickly as possible ( including soil fertility ) rather than husbanded, and has doomed us all to extinction because of it ( obviously, some of us will survive- but most likely not those chained up in golden shackles, their bright and shiny McMansion and SUV the envy of all the Jones’ ).

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Our entire food supply is held ransom by the loans to bankers ( whose control should be more worrisome than the needed oil inputs, if only because the credit has already run out while the oil still trickles in ). All economic activity is based on producing and disposing of oil based plastic trinkets. Which is in trouble, once again, by diminishing energy availability. Everything became dependent on financial manipulation, buying our empire more time, and that sector is floundering. It never stopped since oil imports started contracting ( I said IMPORTS, linked but separate from PEAK ). All announcements of recovery are propaganda. Oil down is growth based economy down. Pretty simple. Abandon banker controls as much as possible to buy yourself some time. We are all going down with the ship, so now is the time to jump in the lifeboat and reel out the line as far as it will go. You’ll be the last pulled under.

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