Compounding Idiocy

German taxpayers are idiots.

They are furious because they think their taxes are going to help Greeks.

They have been fooled into believing their precious Euros will be applied to fixing a Corinthian bridge, paving a Spartan road, or feeding a homeless Athenian. Some Germans think it would be better to revert to controlling their own old currency, undiluted or contaminated by greasy Mediterranean Euros.

Don’t they realize they are being lied to just as much as the rest of us? The German Government isn’t taking existing money from tax revenues to give to Greece. They are borrowing it!

Every cent is channeled through the machinery of international finance in the form of extended credit and loan guarantees known as bailouts. Don’t they understand these are just more ‘debt’ owed to the same lenders, as all the previous loans were.

The fact is we are all German. We are all Greek. We are all idiots.

So long as the world’s financial institutions are chartered and structured as they are now, every cent of so-called bailout money goes first to 'service' existing loans, i.e. to pay the accumulated interest layered onto all previous interest. Not one penny will reach Greece. Greece will only go further and further into debt, owing more and more interest, until they collapse from exhaustion. They will then awake to find the lenders have not only pocketed all the interest that has already been paid, but that they now own all the assets pledged as collateral to obtain the original loan.

Are you really still distracted by interest rates being so low for a while? Don’t you see that's how they keep us hooked? It’s not the current rate Dummy, it's the accumulation!

Do you still think this is about Greece? Do you think the Arabian Spring is about Arabia or that the anger in the streets will remain in Athens and Cairo?

Wake up folks.

Compounding!

Lending is OK. Charging a service fee to cover expenses and even make a profit during the loan is OK. But charging and accumulating additional interest on the interest itself is compounding.

Compounding!

Repeatedly charging new interest, not on the original loan, but on past interest, operates like a giant global funnel collecting more and more cream from the world economy into a reservoir of obscene wealth and hoarding by the lenders and their legislative lackeys, the Governments that manage the guns that enforce the eviction orders when the compound interest isn’t paid.

That is why sheriffs enforce mortgage foreclosures. That is why the United States military operates in over a hundred debtor countries around the world: to enforce transfer of ownership to the lenders after interest defaults.

Greece is not sinking under the weight of borrowing. Nor have the United States of America used their trillions of dollars of debt to repair roads and bridges. None of us is sinking under the weight of our original loans nor even the interest charged on those initial loans. We are sinking under the weight of additional interest charged on earlier interest, manufactured out of thin air by the lenders.

Compounding!

Why do we pay at least twice as much on our mortgages as our houses are worth?

Compounding!

What are people walking away from when they default on their mortgage and lose their house?

Compounding!

What will Greece walk away from when they finally wake up and default on their sovereign debt?

Compounding!

Why are all currencies losing value compared to real resources, materials and services?

Compounding!

Why will the riots in the streets of Athens, Cairo, Damascus and Sana’a spread to London, Shanghai, Detroit and Los Angeles between 2012 and 2015?

Compounding!

There is a human, global and unprecedented revolution brewing. Commentators who dare point it out are being ignored or ridiculed. By the time they are also being persecuted it will be too late. The Banks, insurance companies, pension plans and most of the world's currencies will also have defaulted.

Human beings will finally recognize and revolt against compounding, but by then the former Lenders will have closed shop and waltzed off with legal ownership of the underlying real assets.

There, you have it in a nutshell.

Compounding until default leads to ownership by the lender.

What remains to be seen is whether the former lenders, the financial institutions that invented compound interest, foreclosure and transfer of ownership, can maintain their current influence over the warriors that enforce that ownership.

Will government and finance remain one? Totalitarian government and financial institutions brazenly and transparently control information.

Don't you understand the roles played by Dick Cheney and Carl Rove? Are you mysteriously sickened by how Barack Obama has so inexplicably betrayed his promise?

I'm with the people who are demanding genuine regime change. The one that really matters. Athens, Cairo, Beijing, London and soon to be New York.

Now you have the answer.

Compounding.

Come talk to me in 2015.

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Conservatives: Fiscal, Social, or Foreign

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Arianna Huffington recently penned a eulogy for left-right dialectics, declaring them to be inadequate - going on useless - as a tool for political analysis in the 21st Century. Conversely, one of the better status reports on the US Republican party made pretty good use of it to send Sarah Palin and Pit Bull Romney to the penitential corner of our democratic classroom for an overdue time out.

Truth is, most of us have no trouble at all deciding whether a politician is a fiscal or social conservative. We are even pretty good at mixing the two. "Oh he's a (lower-taxes-no-matter-what) fiscal conservative, but he's an (innocent-children-of-immigrant-abortionists-might-need-welfare-for-a-while) social prograssive

The one that keeps us all stumped, however, is foreign policy.

Arianna Huffington's hunch from the middle is nearly correct, but she's still holding onto the fence a little.

You see, the further East we go, we find people are more protective of their privacy. Europeans might live next door to each other for three generations and never see the inside of their neighbour's living room or kitchen. Centuries of war and invasion have left them thinking that sovereignty is epitomy of peace and respect. They were so reluctant to internvene in Kosovo.

But as you travel further West, especially into George Bush and Dick Cheney's wild West where survival more recently depended on blurring those boundaries a bit, people don't need an invitation to charge into a neighbour's house to help extinguish a fire, or rescue an invalid, or punch a bully in the mouth for beating up his children. A certain amount of vigilante collective action has been more acceptable in the wild West as a way of dealing with both tyranny and tragedy.

If George W. Bush had stuck to those cowboy roots of his and simply belted Saddam Hussein one right in the kisser and walked away instead of proliferating such weapons of mass distrust, how differently might the world feel right now?

In fact, I bet Europeans and North Americans would be having a much more intelligent discussion about whether our species on this planet can succeed in dealing with global issues on a purely bilateral basis rooted in concepts of national sovereignty. Might we not agree that there are some issues facing the planet right now that warrant the occasional Neighborhood Watch type action where free people might nonetheless sometimes impose a minimun standard of decency when rogues threaten our children's right to a little peace and quiet?

That is where the confusion comes from, between left and right, between east and west, between Republicans and the Tea Party, and between Muslims and modernity.

The American Empire made a terrible mistake when they allowed their admirable penchant for wild west generosity to be co-opted and misused. Rather than keeping Neighborhood Watch strictly en garde, to be used solely on occasions of universally recognized brutality or disaster, they have twisted the meaning of 'freedom' and premptive deterrence into a missionary mandate to dictate self-serving terms for global commerce.

We keep hearing claims that a rogue minority have hijacked global Islam. Ok. What of global Christianity?

And there you have it. Collossal Weapons of Mass Distrust. (C-WMD)

Just when the world most desperately needs a trusted kind of global Neighbourhood Watch to lend a hand with environment, energy, female genital mutilation, and usurious international bond bandits... nobody trusts anybody.

That is the real legacy of the recent American Empire. Insufficient trust for humanity to collaborate on issues that simply cannot be resolved unilaterally or bilaterally.

Gawd forbid I should have to quote Hillary Rodham Clinton, but dammit, it does take at least a village!

As for my beloved Canada, we do have conservative politicians, mostly wed to the Bond and Data Bandits. Bad enough that they want to stop collecting census data lest that expose their weak policy arguments, now we learn they have knowingly shredded the final report on the Tar Sands?

In whom do we trust?

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