When we remember we're all mad the mysteries disappear and life stands explained. Well the "financial crisis" is making us mad in more ways than one and Matt Taibbi of Rolling Stone remembered that. Even channeled a little Hunter S while he gained his financial literacy devouring and digesting the strange objects he found in Financial Wormholes. Anyone who reads "The Big Takedown" (courtesy of the Twelfth Bough) will understand and want a six gun in their hand. An excerpt:
In essence, Paulson and his cronies turned the federal government into one gigantic, half-opaque holding company, one whose balance sheet includes the world's most appallingly large and risky hedge fund, a controlling stake in a dying insurance giant, huge investments in a group of teetering megabanks, and shares here and there in various auto-finance companies, student loans, and other failing businesses. Like AIG, this new federal holding company is a firm that has no mechanism for auditing itself and is run by leaders who have very little grasp of the daily operations of its disparate subsidiary operations.
In other words, it's AIG's rip-roaringly shitty business model writ almost inconceivably massive — to echo Geithner, a huge, complex global company attached to a very complicated investment bank/hedge fund that's been allowed to build up without adult supervision. How much of what kinds of crap is actually on our balance sheet, and what did we pay for it? When exactly will the rent come due, when will the money run out? Does anyone know what the hell is going on? And on the linear spectrum of capitalism to socialism, where exactly are we now? Is there a dictionary word that even describes what we are now? It would be funny, if it weren't such a nightmare.
I already had this shit down on the evening of 9-12-01 was a Wall Street refugee already knew it deep within sucking in the ticker tape parade of my ex-boss my co-workers asbestos and blood-soaked obscenities. The perps were going to take everything just a question of what next and we've known for awhile now. Wall Street is LBO'ing our government and the government's bank is redeeming checks to itself. Excuse me. It's not good business to point out a problem if you don't have a solution. Luckily enough there is one it's simple and good.
They're only stealing money and that's the funny thing. It's the key thing. You see their version of money is magnetically charged positive and negative bytes that can appear or disappear with the strike of a return key. That's not real. It's the definition of Virtual. It's the Matrix. So if you've still got your electronic money in big banks in money markets or certificates of deposit you need to take it out. You need to convert the key-strokes while you can into something tangible even if it's only paper then convert it to something harder. Join a community bank or a credit union while you figure it out.
Same if you have shares in things halfway around your country or the world. Sell them carefully but sell some because the devil skewers the hindmost. Distance unfamiliarity and lack of accountability guarantee you'll be the first to get screwed when it comes falling down and not all of us are interested in becoming Warren Buffet's Buddy. Delay the mortgage payment for a week, ten days, two weeks into Credit Debt Obligations. Give them a cleansing fast. Pull the pins on your holy hand grenades niggers I don't use the word lightly because the plan is to make us all slaves.
The solution is to re-scale and make your world small but still extensible. The technologies are already there. Grow vegetables and swap them with your neighbors. Get your ass on facebook your face on assbook on Twitter and introduce the transgender girl you met in Thailand to Louie up the street and share pics of kohlrabi. Invest in good things near you like a brewery or a share in a farm's crop. A cow's milk. You've heard how it was the Vandals and Visigoths who took down Rome but that's not the big history. It was Christ took Rome because he took down their puppets. Thing was the Romans built great roads and couldn't close the Appian Way to Christians. Close the roads and close the commerce so the Christians used their roads and brought in a stronger network. Like the internetz are now. Emperor Constantine in the East converted and his empire lasted another century.
Only thing matters in the end is what your family your friends and neighbors think of you. They are your credit score. My grandfather Karl Elzenbeck died and a quarter of the city showed up for his funeral because he spread good will. The world's going to start looking a lot like how it used to only bigger better and far far more interesting. That's our Future and I can hardly wait. Now is the time to discredit the people we're bailing out with their electronic bonuses to hire protective armies. The people we can't know. There are The Ones Who Walk Away from Omelas. There are They Who Are Too Big to Fail. Let's do this thing.