Have you noticed how every banker wants the Recession to be over, but how everyone of them also wants someone ELSE to be the one to take the fall necessary to get it done? They all have plans for what ‘we’ should do. But I don’t think ‘we’ includes them.
Listening to the policians and bankers talk about their ‘worries’ and their ‘efforts’, it’s like those old Miss World beauty contestants. Remember how, every one of them, one after another, without the slightest hint of irony or, aparently, even any awareness of their own fatuous insincerity, ALL simpered at the microphone about how much they wanted world peace and caring for kittens. In my personal, Rocky Horror Bankers Show – it’s banker’s perfectly tanned heads, all Harvard educated, with the rictus-like-grin, of-the dead-eyed, sleepless-predator, which wobble and lear at me, from on top of bikini clad corpses.
Maybe I need to ease off on the Strong Cheddar before bed. What do you think?
Anyway – enough about my problems – in all seriousness, everyone knows what the ONLY real solution requires, it’ s just no one, NO ONE, is prepared to be the one to do it. You see, someone, somewhere HAS to pay their debts. Every banker knows it. But back when it was the banks who had the bad debts, no one, on pain of death, was allowed to admit it. Back then, they would have been good god damned if its going to be them. Not a whisper was allowed about clearing bad debts.
Now that their debts have been shifted to the Soveriegn purse – ah now, you can’t hear the sound of the incoming arc-light- apocalypse, for the clamour of them telling us. This is Prisoners Dilemma played out, to the ride of the Valkyries! Feel that adrenaline surge as we fly in first-class and watch those gun ships blow the shit out of the little debtors as they run and cry out in those funny voices they have. Oh Yeah man, GET SOME! Mother fucking bankers RULE you shit eating peasants!!!
THAT is where we are. Its the ultimate immersive 3 Trllion dollar Grand Theft Wall Steet GAME.
The way the game works is that someone has to get poorer. Debts have to be cleared. The bond market insists. We all agree on that. But in the Prisoner’s dilemma game the trick is to promise we are all in it together and then CHEAT. Get some other gullible cretin to take the pain.
If someone can be convinvced, or failing that just forced, to clear THEIR debts and for them to get poorer, then those who have just not quite got round to clearing theirs will NOT get poorer. So if the banks can find some weaker vicitms – lets say some nation who were never near the ear of real power from the start – if they can be forced to clear their debts and get a whole lot poorer then those who have not cleared any debts will emerge from this whole crisis imeasurably MORE powerful and more untouchably wealthy than before.
Someone has to BE sacrificed in order to restore confidence and monetary value to all the bankers remaining debts. So let’s get Greece, maybe Portugal, Ireland’s already very helpfully bent over, and Spain if we have to – Hey, it’ll be a ‘price worth paying’ as the saying goes.
And once all these ‘unfortunate but unavoidable’-I am so very sorry – cue the rictus predatory smile for the cameras – sacrifices for the graeter good have been made -BY OTHER PEOPLE – then those in the smartest suits can re-emerge into the diamond light and continue where they left off.
That’s the plan, as I understand it anyway.