From Meccania to Atlantis: Chapter 16 -- Reality for Radicals

Please take the time to read all of this latest entry from Takuan Seiyo, which begins:

These days, one who would write about the unfolding meeting of the West with the Wall of Reality must choose every day whether to write on that day or take some action to protect his family from what he’d be writing about.

Financially, escape is no longer possible, for the crumple zone of the careening vehicle has already been smashed. Insane governments have turned a crisis of imprudent banking into a crisis of imprudent sovereign debt. To cure a disease of debt they have issued more debt. To address a fundamental crisis of insolvency, they are pumping the stock Keynesian emetic as though this were a crisis of liquidity. Like Michael Crichton’s environmentalists (1), destroying Nature they arrogantly wanted to manage, pedigreed economists at the helm of the West’s fiscal and monetary destiny have engaged in ignorant, incompetent, and disastrously intrusive intervention that will be followed by attempts to repair the intervention, followed by attempts to repair the damage caused by the repair.

One after another, fiat currencies are catching fire, as all paper promises by lying governments must. Flight into the perceived safety of U.S. Treasury bonds buys the debt paper of the biggest Greece of them all. Stocks have crashed. If money printing brings them up again it won’t last, for consumer demand itself has cratered. Flight into gold leads into a blind alley foreclosed by the evil vampire squids either through naked shorts that suppress the price as a favor to Leviathan or through fictional fractional business that allows them to sell 100 bars of paper gold against each one they own.

Naked shorting, i.e. selling commodities you neither own nor borrowed is simply a con job akin to selling the Brooklyn Bridge or Eiffel Tower. That such an institutionalized swindle is allowed attests to the fundamental disconnect from Reality and moral bankruptcy not merely of the greedy Crooks but of the governments that have abandoned their few needed and legitimate functions, salient among which is being the honest cop in the bustling marketplace.

Instead, governments are busy pulling off their own mega-swindles, such as promising too many costly entitlements to too many people and misspending enormous funds on social engineering at home and stupid pet causes abroad. Those funds are raised through confiscation from legitimate citizens via onerous taxation, borrowing in international Ponzi schemes, and diluting the currency through “quantitative easing.” The latter forfeits the government’s second needed function: to preserve the value of the currency it issues.

Throughout the West, Karl Marx is smiling even as gangster financial manipulators loot the world with impunity. It’s from each according to his ability, to each according to his need.

In the U.S., the government has coerced banks to grant mortgages to millions of favored minorities, irrespective of prospects of repayment. When, inevitably, the mortgages went sour and the banks crashed, the government transferred all that fictional finance onto its own books underwritten by the taxpayers’ money. In Europe, the Northern people who work, produce and save have been forced out of their sound currencies to enable their Body Snatcher (2) elites to subsidize via the common euro the Southern people who play, consume and borrow. When the inevitable happened, the Eurocrats are transferring further trillions from the Northerners, to bail out the Southerners.

As each level of fiction collapses before the onslaught of offended Reality, many more levels of lies remain. The massive foundation of social, economic, cultural, biological, political and geopolitical illusions on which the modern Western state perches as though on a layer of sweet and airy meringue is already so pitted and fissured that all but diehard Snatchers perceive it. Alas, frank public debate of the underlying phantom crossbars is proscribed by Snatcher laws and speech codes. Moreover, the majority of the population is hostile to such debate, for it’s guy-wired by Pod mental chipsets implanted by the state’s compulsory education and remotely controlled by all other major social institutions nonstop for the last 45 years...
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Read the rest, please.

Prior chapters in the "From Meccania to Atlantis" series are here, along with this more recent chapter:

Part 15: Rejecting Decoherence