bankers going postal

BANKERS GOING POSTAL


What most people don't realize is that the post-Apocalypse scenes of The Postman don't really require a nuclear exchange to take place. Just a failure of the banking system will do fine.

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The above is from our good buddy Ure at UrbanSurvival. While Ure has some mighty peculiar notions such as we are in deflation ( as if bubbles popping make printing press inflation disappear ) and the stupid assEliot wave crap I’ve been reading about all my adult life and have yet to be impressed with ( and which is also a very good example of why teaching math beyond addition, subtraction and multiplication encourages this kind of misapplication ), and let’s not even go there on his weird mystical crap like time shifting ( my theory is that he puts that in there as a trial defense tactic come the jack booted thug round up and concentration camp era- he can claim insanity and his heretics involving dissing the Powers That Be might be overlooked ) , still and all he is well worth picking through for nuggets such as the above. Since I’ve been running out of time most mornings and just skimming his site, it’s a good thing the above quote was reprinted in The Woodpile Report by Ol’ Remus ( I didn’t catch its original publication ). I like Remus, both because he’s given me some good press and because his site, being free of commercial pressure, is one of the most interesting around ( the same reason I really like Kunstler- he makes enough on his books, he can trash talk everyone and get away with it ). Writing for pleasure instead of a paycheck can usually be seen by the readers. The writers pleasure at his art shines through.

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I know I’ve briefly covered the above. Probably more than once. But since the economic tsunami continues, I think this is on everyone’s mind. Hence, I can get away with blathering on it some more. I hate central bankers with all my heart. If I ever had a chance, but only AFTER the collapse because I sure wouldn’t want to piss of the feds by breaking one of their laws ( I can just see a butch dyke trying to impress her male cohorts stomping on my testicles in a 3 AM raid ), I would do unspeakable things to any captured big banker muckeemuck. After the collapse of the government, their laws no longer apply, and I like to daydream that a Federal Reserve bank plane tried to emergency land at the Elko airport after engine trouble ( one assumes they were fleeing the mobs in San Francisco trying to get to their retreat in the Bahamas ). They crash landed and my vast minion army of savages captured one of the passengers. I won’t frighten you with the details, but rest assured I’ve always admired the term “going medieval on their asses”. Central bankers are the root of most evil in the modern world, to include both world wars, the Holocaust, the World Trade Center and Obammy. Yet, the modern world can’t last a half a day without the bankers. The entire rotted edifice has been constructed around the need for their disservices. As a minion pointed out, and as I wholeheartedly adopted once I saw the wisdom of it, forget about Peak Oil, the economic collapse is already here.

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Take away the bankers, and how is trade conducted? Almost no one is self sufficient anymore. We all depend on vast distance trade. Using credit and money and a global police force to oversee the protection of those two. Let’s take Suzie Survivalist out in Moose Bowels Montana. She grows all her own food, has a woodlot to provide all her own heat and a running stream for water. Little can go wrong, after the government collapses, baring zombie biker attacks. But prior to that collapse, she requires a car made in Japan running on oil from Saudi Arabia. Her income is reliant on the Internet, which relies on electricity made from coal from Kentucky, running on servers made in Taiwan. If a transformer on the grid line blows, it must be replaced with one from overseas. The electric company is kept in business by a customer base all relying on jobs selling crap made in China. Without them, the Internet as well shuts down. And that is if she is lucky. Unlucky, her income comes from a government check, which we all know won’t last much longer. And everyone in that chain is dependent on the bankers acting as payment middlemen. Without bankers, there will be no more shoes imported. Or shipped. No more food outside of local production. Nothing imported, globally or interstate. Every aspect of your life is dependent on oil, true. But that oil doesn’t flow without the bankers.

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The bankers are making a killing with the current financial crisis. Yet it will also be their undoing. You don’t manipulate currency and economies in a vacuum. The resources behind the economy are running out, from oil to water to food. So, Peak Oil and the banking crisis is intertwined. The bankers will fail before the oil is pumped dry. So even though Peak Oil will kill us all, it is the bankers failing from that which will doom us all. Long before the oil runs out. Look at the European crisis. They are printing money out of thin air to bail each other out. Seriously? You think that will work? And then it is our turn. It is Lehman Brothers all over again, multiplied by about a thousand. One bank can’t cover its margin, and the domino effect starts. When the banks have 5% assets for all their obligations, and 6% of their loans fail, they are out of business. And the obligations they hold from other banks then start to fail, and on and on it goes. Why do you think no bank wants to own up to foreclosures? Why do they let some owners get by without paying for a year? If they write off that loan, they are underwater themselves, in their assets. It isn’t about some crap about “no one knows who holds the note”. That is smoke blown up your ass. It is about the banks having only phantom assets and they can’t lose them or the whole system implodes. Which is why the money printing isn’t inflationary yet. It is all going to the banks to keep their doors open. As Greek banks or Ireland banks or Portuguese banks fail, the derivatives held by Wells Fargo are failing and the money plugs that gap. Of course, it is all a futile holding action, kicking the can down the road. The center will not hold indefinitely. But better pretending to keep it together a bit longer, the alternative being The Road. You have been warned- we are on borrowed time and it could be tomorrow or ten years from now, and The Postman begins delivering mail by pony express.

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My e-mail is jimd303@netzero.com
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