Great Theaterin HPN Blog
One of the things that happens once you have your “aha” moment is you start to go crazy. It’s slow at first, then as awareness of the truth of our economic system and the outlying ramifications become evident, you begin to be able to see the future. You try to tell people, let them know, try to get them to see and you are dismissed. It’s maddening to warn only to be met with the figurative fingers in the ears LA-LA-LA-LA response from most of the people you try to warn or worse, seek help from.
Case in point. As the awareness of the magnitude of the chaos which awaited us, things like year after year of stripped equity, falling home prices, falling employment all covered up by faked statistics started to unfold (and continue to unfold), I brought the issues to my local county “fathers”. A representative met with me briefly and we chatted for about two hours, him constantly trying to poke holes in my reasoning, me fending him off like Neo fending off Agent Smith at the close of the first Matrix movie. As he left, he looked me dead in the eye and acknowledged to me his awareness of the magnitude of his problem for the county, the entrenched interests and himself personally.
Nothing happened, of course. LA-LA-LA-LA-LA. It drives you crazy.
This has been a interesting week. Events have unfolded in a most amusing and satisfying way. Satisfaction not in a bad way, satisfaction in having predictions bear out. Amusement as those who were dismissive try to cope with the reality which unfolds. As examples, I offer up the following:
- The local newspaper reported that last year the county's overall assessed value fell $897 million. Before that, 2010 saw a loss of $2.1 billion, and 2009 of $1.2 billion. And that foreclosures and short sales are up 16% comprising 41% of all real estate transactions.
- That same day, Business Insider reports that my little home town has the highest rate of unemployment in the state. We’re #1~!!! I wrote the local newspaper publisher and told him he should put it up there with the box scores on the front page of the paper. I haven’t heard back from him. I think he finds me a bit cheeky.
- The next day we have these dismal employment statistics nationwide. The official count, which came rolling in twice as weak as feared, doesn’t count the 86MM who were either never on the list to be counted in the first place or have dropped off the list because their benefits dried up and they have given up. Count those, and the real unemployment level may be closer to 40%.
- Earlier this week, Pro Publica published in a graphic format compiled statistics on a state by state basis exactly where the states are spending their windfall fix for the crimes of robosigning. Just like the tobacco settlement, most of it is going directly into the general fund to help balance seriously out of balance state budgets. SURPRISE~!!
- This one is rather esoteric, but the Golden Jackass put a piece out about 10 days ago comparing the temple the High Priests of Central Banks to the Tower of Babel from the biblical stories. Like the tower of olden times, he is convinced that this edifice of financial and monetary hubris built by the smartest guys in the room will tumble and scatter humanity into a confusion of mixed languages and mis-communications. In short, he sees a return to the dark ages and he gives his technical arguments as to why this is an inescapable conclusion. Again, rather esoteric, but the conclusion is simple. All fall down.
Cassandra, a Princess of Troy, was given the gift of prophecy, the ability to foretell the future, as a gift from the god Apollo; a token of his love and affection. Cassandra, for whatever reason, spurned her lover’s advances after the gift was given. Once given, a gift of the gods cannot be un-given. Apollo was stuck. In anger he cursed her with never being believed. She tried to warn Troy of what was about to befall it but true to the curse, no one believed. Cassandra went mad as Troy burned and she was carried away to be raped by Ajax the Minor. Today, the shrinks call it the “Cassandra Syndrome”.
If you immerse yourself in the detail of what is really going on it isn’t hard to predict what happens next. There will always be that level of chaos and uncertainty to the actual playing out of events but the over-arching trend is impossible to miss. Now it is just details. It makes great theater. Lest you think me heartless, you need to know. I wish ill upon no one except the banks. It’s just that things have now progressed to the point where all we can do is go along for the ride, influence where you can but generally, sit back and watch.
All fall down. Do your best to not get none on ya.