no third solution

Blogging about liberty, anarchy, economics and politics

The Tea Party Does Not Understand Inflation

November 5th, 2011

I saw this picture on Facebook today. It is a very simple explanation of a very complicated problem: how inflation robs all of us, predominately by destroying the purchasing power of accumulated savings and fueling an unsustainable debt-cycle.  The other side of this is Malinvestment, which when coupled with the effects of inflation, destroy an economy from the inside-out.

Unfortunately, the comments were full of fail: Once you buy in to the propaganda known as the American Dream, there is virtually no limit to the bullshit you’ll apologize for.  I hate to paint with a broad brush, but it seems like people apologize for capitalism because they’ve bought in to the propaganda and they honestly do believe that one day if they just work hard enough they will also succeed. And although some people do succeed, these are exceptions rather than the rule.

Oh, the lulz. Except they're serious.

John: Good for you. You took an opportunity that most people don’t have. Maybe you had a good idea that others didn’t think of. Maybe you had some capital saved up that many people don’t have. Maybe you just got lucky. Just because you were raised to believe something doesn’t make it true. Lots of people work their asses of and still struggle to make ends meet. A generation ago families could (and often did) live comfortably middle-class lifestyles on a single income whereas today it takes 2 parents working full time to scrape by. The most important part about a free market is the freedom. If you’re working 80 hours a week to get by, you’re not free, you’re indebted to an exploitative system.

You are working 80 hours a week non-stop just to “do alright”.  Is this the sort of world you want for future generations? Should it be this hard to put food on the table and a roof over your children’s heads?

Ruth: Try to read your words with someone else’s brain, preferably not John’s because you’re making the same mistakes. You believe that the 1% normally acquire their wealth through honest hard work, frugality and ingenuity, the fruits of which labor is passed from generation to generation. This ignores a great many people who succeed only insofar as they can exploit a system of privilege to their advantage. It is not a level playing field and success is not determined predominately by merit.

There are a million fucking reasons why we’re not free and we don’t have a free market, and each of these distortions has a ripple-effect of consequences that further distort the array of opportunities available, the choices we are presented. You’re forget that most of the people who play in to this game will never make it, most will fail somewhere along the way, thus the “1%”. Is this the sort of world that you want?

Bill: You’re making a common mistake. Maybe you believe that the bastardized “market” that we have is a near-enough approximation of what a really free market would look like just because we get the illusion of choice in some areas of our lives. The rich are rich because they work hard and the poor are poor because they’re dumb and lazy. Way to blame the victims. Do you really believe that Goldman Sachs isn’t rigging the game? Is this the sort of world that you want?

Donald: You are a beacon of light in an otherwise regrettable thread.

The rest of you, you need to pull your heads out of the fucking sand and understand the problems we face for what they are. People are protesting because they want to work and can’t find jobs. They’re protesting because at every level, their governments and elected “leaders” have let them down. They’re protesting because they’ve realized that the illusion of meritocracy is just an illusion, we don’t live in a free market or anything remotely resembling one, success is an exception rather than the rule, and it is becoming increasingly difficult to get by and to plan and save for the future.

These people aren’t lazy, they’re fucking fed up.

Obama’s Student Loan Debt-Relief Program

October 26th, 2011

I have seen the petitions asking to forgive student loan debt, and I’m familiar that it is on the OWS list of demands, so imagine my surprise when I read a headline last night teasing that Obama has a plan to provide relief for the masses suffering under the crushing weight of massive student loan debt, which is a consequence of the rising costs of higher education, which is a consequence of the federal government’s 40+ years of meddling in higher education.

But I digress…

obama-student-loan-forgiveness

Someone else's crappy clip-art composite.

Is this “Change”?

In a nutshell, the proposal will:

  • forgive any balance after 20 years of payments (currently the limit is 25 years).
You’ll still be paying that note off when your kids are going to college. But hey, at least your debt will be gone by the time they graduate.
The proposal also will:
  • let you reduce your loan payments to 10% of discretionary income (instead of the present 15%).
At 6% interest, in order to qualify for that hardship adjustment, you’d need a balance that exceeds 2.5x your annual income, and that’s a criteria for which relatively few people will be able to qualify.
Let’s Put it in Perspective…
Someone with a calculator, who is more motivated than I am, should probably do the math on this. Experience dictates that most people are blithering idiots when it comes to dealing with numbers this large, and will buy in to just about anything if it’s a number that seems large enough.
I’m inclined to call “bullshit!”. I gave up trying to figure out the math, but I’d wager this will probably only amount to a few hundred million per year, which sounds like a lot, until you realize that the interest payment on student loans is $60,000,000,000 (that’s sixty BILLION, with a “B”).
$300,000,000 < $60,000,000,000

Which sounds like a lot, until you realize that the principal outstanding is a truly extraordinary $1 TRILLION.

$60,000,000,000 < $1,000,000,000,000

Which sounds like a lot, until you realize that Washington bailed out the banks with THREE TIMES that extraordinary amount in 2009, alone.

$1,000,000,000,000 < $3,000,000,000,000

Probably it’s just another half-assed plan to appease us, so we can go back to our materialistic, consumption-driven culture of death.

We Are the 99%

October 26th, 2011

My friend Dave (no, not “my friend” as in “me”) wrote this poem in response to/solidarity with the occupy movement, and asked what I thought? Well, I thought it was good enough to re-post. Enjoy & share!

A disconnect of intellect
Separates 1 sect
Of society that has yet to see,
The reality of tyranny
Terrorizing our liberty
Infiltrating our democracy
By misinforming you and I
With black, bold-face headline lies,
From white papers and men with ties
To planes falling from the sky!
Shrouding us in guided fear,
Blurring what was once clear,
Promising the end is near
Watching middle-class disappear,
While the CEO’s always rising stock
Can feed and house a Detroit block,
Decayed and ruined from financial shock,
Trapped by bars, key and lock.

United we stand behind soldiers who fall,
The willing few who risk it all
By volunteer or government’s call,
The Constitution would be appalled
That this poem need be written at all,
Or, that power is reserved for political pull
Extorting from the Middle East
Black blood’s perpetual profitable feast,
Making war the sustainable beast
Politicians’ worry about second to least
Trumped only by those on Wall Street
Who take pride that our ends won’t meet,
Enjoying poverty in their discrete
Malcontent for our absent greed,
Contempt for those we cannot feed,
While we fight for basic needs,
We’re told to pick-up from the straps
Where our boots and courage overlap
With souls worn thin from wealth’s gap,
Powerless to escape the unnecessary trap

Of political divisiveness
Increasing dismissiveness,
Making people grow leery of alternative theories
The main-stream floods, banks with no hole in its paddles
We’re boat without steam left sinking in battle
No savior near on white mare’s saddle
No magnanimous rider who’s not an insider
Will build a bridge, or damn the creek flowing wider
Forcing us to drown or swim across.
For when we sink it’s not their loss
Since the 1% fit in one yacht,

Whether or not

This is our country! For which you fought,
For the classroom in which you taught
The simple beauty of free thought,
The Achilles heel to being bought.
Though government paid persons bails,
No one human is too big to fail
Or small enough to escape the jail
Stifling justice’s disgraceful wail,
With death sentence or life in cell.
The highest price is paid in blood
By bomb, bullet and nature’s flood.
Not by those who wear white collars,
Who own the banks and political scholars,
Talking heads, confusing words for dollars,
Censoring choices for our selection,
Diluting truth and fair election –
An anonymous, executive, backdoor connection –
Buried beneath its strategic intention
Lay 99% seeking release from the tension,
Without a paycheck or a pension,
Or even an unemployment extension!
Denied by those with luxuries’ leisure,
Free from debt and property seizure,
From war abroad and at home,
To those who can’t secure a loan,
Leasing life, liberty never owned –
In exchange to be left alone.

99% of the blue collar power
Can rebuild towers in hours
If water is fed to withering flowers,
Its pollen and petals kept as ours,
With thorns, stigma, style, and stem,
Its pistil to protect us from men,
Soliciting our brethren,
Be a spring of sacrificial lambs,
Patriots! Die, but live and be damned.
A people misled to understand,
Year by year, wars with no end;
Fear by fear, our rights apprehend.
The use of liberties amongst civil men
Silenced as rogue, political dissent!
Drowned by noise of the absurd,
The banished black sheep of the herd.
Curiosity? Killed, by the cat
For questioning how it got fat,
Why our soldiers still lay flat
By will of the aristocrat,
Who celebrate corporate goals
And the sale of our souls –
Only at a convenient price –
Not the blood of men, but that of mice.

Now is the time to exchange the blood,
Build an Ark and reverse the flood
Of shameless corporate and political power
Suffocating blue into hopeless collar –
Second by second, hour by hour,
We, the People, grow into a beautiful flower.
Black, gay, woman or white,
History is the enemy we fight
Against indifference toward our rights,
Uniquely human versus corporate might.
They may preach peace from private steeples,
But cowards are cunning and often evil,
They lobby to make sure it’s legal,
The 99’s voice is no longer feeble

Because

P.

People

E.

Everywhere

A.

Are

C.

Created

E.

Equal.

no third solution

Blogging about liberty, anarchy, economics and politics