Vox Day has it covered well. Without dragging in the mysterious Illuminati, he explains the real conspiracy in terms of function, not labels. There exists a known coterie of wealth and power in the world who don’t love Jesus and care even less for you and I. They have for some generations been building their abilities to simply take what they did not produce from those who did.
Credit is merely an arrangement where you receive today some representation of what you plan to produce in the future. You promise to work your booty off paying back something you get to enjoy today. It’s based on advertising provoking your burning lusts for things you cannot afford yet. It’s so normal for us, we believe folks are derelict if they don’t go into debt for all the finer things in life.
That trick with the housing finance bubble was simply creating a false investment vehicle which suckered in millions of investors. When it failed, as it was designed to do, they still own all this debt. That is, they own an awful lot of calls on future production. Those who managed to stay out of this mess and keep some of their future production uncommitted are now being roped in by taxation. So the rioting kids in Greece are simply trying to opt out of debts to which they did not agree. They are trying to tell their government elite — who are participants in this scheme — they will not play along. Here in the US, we aren’t smart enough to riot in the streets.
Yet.
We may get there, but probably way too late to do any good. I fear the kids in Greece aren’t going to win because they are too late, as well. These financial elite don’t have it all yet, and they are determined to get it.
What can we look forward to here in the US? This thing will not come down clean. It’s too complex to be anything but messy. We may or may not suffer a VAT tax system, but we will most certainly find the various government folks here creating new ways to confiscate what you have now and may someday gain. What the government agencies have committed to give you, for whatever reason, will eventually fail. You’ll be cut off in one way or another from those pensions, benefits, etc.
At the street level, across the board, everyone will find the relative price of things will go up. Whatever you have in your pocket will get you less and less of what you want. That’s what a depression does. Don’t think in terms of absolutes on this, but picture an economic crash as the painful loss of buying power. It combines the loss of income, the increasing scarcity of goods, and brings all the unhappiness of folks who feel they have somehow been denied their rightful due.
Those who were already given to such senseless demands will simply increase their predatory practices. We call that crime: burglary, robbery, petty theft, fraud, etc. It will be increasingly difficult to differentiate between crooks and the government folks who don’t like the competition from private enterprise crime. Well, the only difference is you voted for one group, not the other. One group bothered to convince you that you were on their side. The other doesn’t even pretend to care what you think.
So your Internet connection won’t go away, for example, but you may have a tough time paying the bill. Maybe you’ll switch from cable to dial-up. Got a modem on that luxury multimedia box? But then, you may be among those having a tough time just paying for the electricity to run it. If you struggled in the past, it won’t get any better. Those who survive will be the ones who adjust their thinking, primarily their expectations, to match the changing reality. The only question is how quickly things will become difficult in your area, in your personal situation, and so forth.
What I don’t expect is Americans to riot any time soon, though by rights they should have already lynched — literally — an awful lot of folks in DC.
