I spent the whole evening in lockdown in my prison cell (read: little shoebox), even in the midst of a severe claustrophobic reaction. Sometimes the physical body is just too fatigued to obey the willful mind. I did absolutely nothing. Off and on, I perused the tube to see if there was anything worthy of viewing. I should have known better. Off and on, I piddled around with my beloved Palm® TX in order to assure myself that I do not really need to make a large expenditure to procure a computer. Finally, I sat on the floor in the bathroom at 11pm and read a few more pages from Pete Peterson's book, "Running on Empty."
Aside from Peterson's diatribe about "America" being the best country in the world and the "American" people are the best people in the world, his book concentrates on one aspect of the economy that is severely overlooked, that is, the increasing population of senior citizens. Ultimately, Peterson discussed the fate of Social Security and Medicare in view of the other burgeoning structural deficits. Peterson is a true conservative Republican much like Kevin Phillips, author of the book, "American Theocracy." Peterson asserted that there is no established trust fund for either Social Security or Medicare. It is a "pay-and-go" system. Hence, the latter is yet another criterion for national insolvency. Peterson provides in-depth actuary statistics to substantiate his thesis. The combination of an ever-increasing senior population (thanks to the "baby boomers" and increased longevity) and a projected decrease in future birth rates, the "pay-and-go" system will not be able to adequately fund the timeless "New Deal" social programs.
I might mention that Peterson postulated that one solution would be an increase in the number of immigrants, although he did not specifically advocate such a plan. An astute reader may also be able to infer the reason behind the backing of the current highly controversial immigration "reform" legislation, one which seems to favor amnesty for illegal immigrants already residing and working here as well as to increase the "guest worker" program. Aside from the fact that domestic labor costs can be cut at the expense of non-immigrant workers, both Social Security and Medicare could supposedly benefit by the mandatory contributions of the immigrants once they become "legal." Of course, no one considers whether the immigrants themselves will utilize those social programs in the future and negate the possibility of attaining solvency for either.
My trip to town on the prison transport (read: bus) this morning took a little over an hour including my 25-minute wait for the Route B CIty Express that did never showed up. I was perturbed, naturally, but the prison transport schedule should be the least of my worries as a "retiree." The rest of the day was the same ol' shit. Over two weeks have elapsed since my emancipation from wage slavery, yet I still have not been able to emancipate myself from the same daily routine (see "blog" of April 28th titled, "Who Knew?"). I now have an incredible amount of free time. Yet, free time without adequate funding is useless.
I am living in a microcosm of uncertainty. Every six weeks, I wait in trepidation for the Fed to begin a series of cuts of short-term interest rates in order to inflate yet another so-called "bubble." It's just a matter of time. Economic activity will never return to the
status quo of yesteryear. The only way an economic collapse can be averted is to maintain the so-called "serial bubble" economy wherein debt and equity "bubbles" are inflated and popped in overlapping sequence. The "serial bubble" economy has a limited lifespan. It can only continue until all excess wealth is drained from the middle class and the impoverished. In the long run, the structural deficit constraints will also come into play. Just how long are foreigners willing and able to loan and "invest" their exorbitant dollar currency reserves back to the US? For me, there will be tough times when the greed and gluttony of the moneychangers and powers-that-be kick in yet another debilitating "bubblicious" cycle.
Petrol prices are allegedly on a downward trend. Once again, prices are being manipulated to keep the economy afloat. Less than a month ago, there were various horror stories spreading about $4 per gallon or higher petrol prices for the Summer months. There were threats to initiate a lawsuit against OPEC to increase production. The real problem, though, was claimed to be limited refining capability even though the refineries are owned by the oil companies. Thus, the strategy was to force oil producers to glut the oil market with excess supply and bring per barrel prices down which would then lower petrol prices without cutting refinery profits. OPEC refused to comply. So, what caused the glut to lower oil prices? Or, was there collusion with the oil companies to drop profit levels voluntarily in order to prevent an economic crisis?
Surely, even with such machinations of evil, there is always the possibility that an unforeseen event such as Tropical Cyclone Gonu could wreak havoc upon the supply chain. However, as Gonu thrashes the coasts of Oman and Iran, possibly shutting down the Strait of Hormuz, there is little hope that it alone will invoke the kind of economic collapse worthy of the secular Apocalypse. At most, Gonu will produce a small price spike in six weeks, not enough to bring about massive pain and suffering. Sadly, only a large-scale secular event (e.g., an incursion within Iran) could bring about the much needed pain and suffering in this nation just as we have served up as a main
entrée to other less fortunate nations.
Why exactly do I keep bringing up pain and suffering? Why do I wish such destructive forces against "God's chosen nation" and the self-righteous satanic gargoyles who infest it? These are not my wishes. This is about entropy and the various universal laws of equilibrium, both of which are defined by the laws of physics. We have used every possible means to subvert pain and suffering by exporting it elsewhere. Pain and suffering is now disproportionately unbalanced, though neither is a force to reckon with. As with everything else, the forces of pain and suffering will attempt to equalize, that is, redistribute fairly across the board. Because the imbalances are so extreme, the equalization may cause a severe overshoot, possibly the secular Apocalypse. Understand that the balance must be restored irrespective of human desire and manipulation. The secular Apocalypse must occur, unless Armageddon beats it to the punch.
We can, of course, look at this struggle as one between the forces of "good" and "evil," which is obviously the preference of the religious dispensationalists. The problem with this model is simply the fact that we have a case where "evil" is masking itself under the guise of "good." We are witnessing a contingent of fools who have self-determined that they represent "good," and are of "God's chosen nation." Once an entire society has judged itself as righteous, then no argument can be made otherwise. By stepping back we are able see that "evil" is impersonating "good," and only then can the acts perpetrated by such a society be exposed as inherently "evil." Is there a balance or equilibrium between "good" and "evil"? Certainly not in any religious doctrines. However, with the amassing of "evil" in recent times, we will see the overshoot again to correct and perhaps extinguish the large collective force of "evil." When other nations refer to the US as the "Great Satan," they are not off-base.
So, why am I not out having a good time (i.e., spending money like there's no tomorrow) instead of fretting about nonsense that is seemingly out of my control? I am certainly no pundit. Only three people read the "blog" and definitely not for my punditry. Let me explain in the simplest terms. I've long ago discovered that the composite of all relevant issues are intricately intertwined, most of which were caused by the deliberate actions of greed and corruption.
No matter how much we try to believe that we are not complicit in the atrocities that we may read or hear about, the latter belief is unfounded. We live the life-style that we do because the architects of the "system" (i.e., the moneychangers and the powers-that-be) have oppressed the planet's ecology and the majority of its indigenous people. To claim ignorance or disbelief is disingenuous at best. Only when the architects turn against us, which they are gradually coming around to doing, will we realize that they are traitors, thieves, and murderers. In the meantime, if we leave our own vices (read: the "seven sins") unchecked, then we are of the same ilk. I, for one, have forced myself into mendicancy out of survival needs and to reduce my own complicity.