Tuesday, December 18, 2012

Bernankenstein's Monster

When Historians look back on this post-2008 era many years from now, they will say that it was all just a very well orchestrated illusion. Therefore, we should attempt a first draft of this era's history lesson, just so that we don't come across as having been totally oblivious.  After that, we can leave it for the historians to dig down through a mile of rubble and fine tune the minute details.

How Bernankenstein's Monster Ate The World
When Bernankenstein's Monster (aka. Wall Street) got off its leash in 2008 the entire world was afraid. But the people who were the most afraid were those at the top of this Ponzi pyramid, who feared a new world order could emerge.  So, under the principles of Shock Doctrine, they took full advantage of the prevailing state of fear to reinstate the pyramid scheme as quickly as possible, knowing full well that they had a finite amount of time...

The premise of The Shock Doctrine is to take advantage of a calamity to pass a set of policies that otherwise would never have a hope in hell of getting passed.  Think the Iraq invasion post 9/11 when we were all driving around with U.S. flags sticking out both sides of the car.  Bush could have invaded Canada with full support. 

The Penalty For Creating The Largest Financial Crisis in World History Is...$9 trillion More Free Money to Play With...
So now consider how Shock Doctrine principles were used after the Lehman collapse. Because no one - not one person, was held accountable for the events that occurred during that time.  Not only that, but many of the most corrupt and complicit CEOs of that era walked away with tens and hundreds of millions. Stan O'Neal, John Thain, Charles Prince for starters.  Then of course there were the thousands of other Wall Street traders who profited before, during and after that debacle.  Not one prosecution. No fines.  No repercussions.  A Total lack of accountability.

More importantly, it was that fear of losing control that forced Bernankenstein, Paulson, Geithner et al. to patch up this shit show as quickly as possible. After all, these people on Wall Street and D.C. are all cut from the exact same bolt of cloth.  They went to the best schools, got the best jobs, rubbed shoulders with the same people and never once questioned the system.  They implicitly believe in this current world order, and will do everything possible to protect it.  So for them to question anything about the current "model" or want to fix it, was not even on the table.  Think about that - zero reforms coming out of 2008. Only the "Dodd Frank" charade, which is strictly meant to make all of us believe something actually changed. Why no reforms?  Of course, because the fox is in the hen house. D.C. and Wall Street joined at the wallet. These like-minded elites knew that if they even attempted to reform, then pandora's box would be opened, the model could easily be broken, the yoke of control could be lost. And fortunately for them, there was really no pressure to change.  Society at large had shit its pants and just wanted the "status quo" to return at all costs...Shock Doctrine

A Million Bernie Madoffs Running Amok
Remember Bernie Madoff?  He ran the largest failed Ponzi Scheme in history.  He was an inveterate Wall Street guy.  He rubbed shoulders with all of the power elite - because he was one of them.  Until that one day when his Ponzi collapsed. Right up until that very last day and even afterwards, he never admitted doing anything wrong.  He never confessed any guilt or shame.  He walked away in handcuffs and that was it.  His own son committed suicide out of shame, but Madoff himself, made no confession. Total sociopath.

Now compare Madoff to the sociopaths on Wall Street.  Like him, they don't question their own model.  They wiped out millions of people's savings in 2008 and never thought twice about it.  No guilt, no shame, no recriminations. They call their clients "muppets".  Sound familiar?  

And who the hell controls the media and the message?  Oh right, the global corporate elite who don't want any change to the status quo. Don't expect any of the media outlets to question the Ponzi model. Their pay check obligates them to not ask too many questions.

Put this all together - a financial system run by sociopaths, at the behest of the global elite who are willfully oblivious to the inherent flaws of this Ponzi Scheme. It's not them who are struggling to make ends meet, so why would they question their own model? A subservient media sponsored by the corporate elite. A Ponzi  model that failed massively once already, and was only barely patched up enough to get back the illusion of "status quo" - with no accountability, no reform - just business as usual. Given all that, how could any of this be anything more than just a well orchestrated illusion? 

And no doubt, Bernankenstein's Monster will rampage again, given that it has been fed an additional $9 trillion more Central Bank hot money in the meantime...