Sunday, August 2, 2015

Money Power

Shortly after I began this blog the Global Financial Crisis (GFC) dramatically changed and narrowed my focus. My early posts were about the incipient shifts in geopolitics that were surfacing in the superficially unipolar world the collapse of the Soviet system had bequeathed us. Systems as expressed in geopolitics and the tectonics of socio-political infrastructures had always been my framework for trying to sort out world events, but the GFC underscored the power of a particular system. It may be the deepest extant system and is itself coterminous with civilization: it is money. I've devoted a series of posts to what money is and a few more to how it works. And I've quoted Mayer Amschel Bauer Rothschild, whether apocryphally or not I don't really care: "permit me to issue and control the money of a nation, and I care not who makes its laws" because it captures the megalomania of those charmed by the devils legerdemain with the invisible, insidious, enervating and up to the point of physical violence, omnipotent power of money.

These posts again and again I fear have failed to impress people with the dangerousness of money power to anywhere near the degree they should distrust it. The weaponization of finance as deployed by the US in the "Global War On Terror" (GWOT), first against the failing states where Al Qaeda festered, then against Iran and Venezuela and now against Russia, has evolved since 2001 into a bold and entirely unselfconscious financial imperialism that struts and pontificates a hollow morality in the absence of similarly lethal opposing alternatives, alternatives it systematically undermines wherever it divines their bloom. Is it any wonder the Pope himself has weighed in against it? While the Bretton Woods system which underpinned the prosperity both here  and abroad in the years 1946 to 1971 was subtlety transformed with Nixons shift to fiat money, the politics of the system retained it's New Deal ethos until the Supreme Court threw the 2000 election and Imperialism finally came home to roost. The decomposing residue of prestige earned with the post war global roll out of the New Deal, an effort sustained mostly in resistance to the totalitarian perversion Stalin imposed on juvenile communism in Russia, is now sloughing off, revealing the reptile skin of the anti-humanist leviathan Western Capitalism has become.

Without the Soviet sustenance of its better angles this system has proven incapable of containing the psychotic avarice of those who lust for power through money. Let's take this moment to build a new mythology from the tragedy Greece has become. Through this clear manifestation of the money psychosis, where the lethal power of money is on full display, let the liquidated cradle of democracy stand as a parable on the evils of money power: the democratically elected government of a supposedly sovereign European nation, which nation first practiced representative government, has been publicly, deliberately and humiliatingly enslaved by a claque of unelected bankers subject to an assortment of socio-pathologies that assuage their consciences for what may turn out to be genocidal acts: at a minimum they are political acts, which to achieve results, casually threaten a Greek genocide. This is precisely the banal evil of which Hanna Arendt warned: collective rectitude in adherence to an ideology physically and temporally removed from its deadly consequences leaving those consequences conveniently and willfully ignored.

By denying liquidity to a modern industrial society, these bankers have threatened that population with extermination by starvation and in so

Sunday, July 19, 2015

Not Yet Checkmate, But Close, Links

What's happening in Greece makes Crassus look dignified. Moderate citizens assuming they live in a European Civilization have now been disabused. A situation so fluid now exists that no one can say how it will resolve, but the bad faith with regard to representative government in the Euro zone is now on open display. Neither the electorates of Greece nor Europe, nor the emperor have had their final say, but that Finland can block a deal or that NATO can force one both belie all democratic pretenses.

It is not to late for Europe to save itself, but the precipice is near. If Eurocrats continue to terrorize the victims of corruption rather than the perpetrators, as they have done now in Finland, Latvia, Lithuania, Ireland, Spain, Portugal, Cyprus and Greece while threatening the Italians and French, men with guns will take from them such power as they have. At present it is the comparatively benign guns of NATO insisting on a civilizational deal, but should this fail more radical alternatives are preparing themselves in the wings.

The Eurocrats seem quite happy with the men with guns they've supported and who support them in Finland, Spain and Latvia, but at some point men with guns will not brook bureaucratic power and will turn. And this will complete the cycle. What Latvia, Lithuania, Greece, Spain and Portugal all have in common is their recent military dictatorships. While this governmental structure has formally expired in each instance, it's residue of power constitutionally unscripted lives on and is what we like to call "corruption" when it is not found in our allies. Tariq Ali summarizes below.

Athens Dairy: Tariq Ali: LRB
Plus Ca Change: Neil Clark: RT

Saturday, July 18, 2015


Greek Lives Don't Mater: Ed Walker: EmptyWheel
Setting Them Up For Slaughter: Raul Ilargi: The Automatic Earth
Neo-Liberal Seas: Ian Urbina: New York Times
It's Not Just Fox News: Thomas Frank: Salon
Fixing Money: Adrian Kuzminski: ClubOrolov

Money is an IOU from civilization. Those who would prefer gold would prefer that they owe nothing to the civilization that feeds them and wish they could extract the richness that is civilization and carry pieces of it away for themselves.

In their folly they cannot see that any piece they pull free and abscond with is worthless once absented from civilization.

Gold, art, real estate, and any financial assets are worthless without the dense network of human bonds that give them what value they have within consensual networks of exchange, only within the constraints of civilization does this so called wealth bear fruit.

War, an acute absence of civilization, is the perennial reminder that it is civilization that lends value to wealth, not the other way around, need we be reminded?