Awake! awake O sleeper of the land of shadows, wake! expand! I am in you and you in me, mutual in love divine:

Samuel Taylor Coleridges published diaries Table Talk. Table Talk.
this from 27th April 1823.
The national debt has, in fact, made more men rich than have a right to be so, or, rather, any ultimate power, in case of a struggle, of actualizing their riches. It is, in effect, like an ordinary, where three hundred tickets have been distributed, but where there is, in truth, room only for one hundred. So long as you can amuse the company with any thing else, or make them come in successively, all is well, and the whole three hundred fancy themselves sure of a dinner; but if any suspicion of a hoax should arise, and they were all to rush into the room at once, there would be two hundred without a potato for their money; and the table would be occupied by the landholders, who live on the spot.
http://www.gutenberg.org/cache/epub/8489/pg8489.html

"The idea that Banks have been caught out more than home owners is perverse. The Banks have created commitments for the borrowers to them and actually not given in return what the Borrowers largely believed I.E that their Mortgage is matched by and equal deposit/ saving of another bank customer. At best the banks have 1 tenth of this covered 10% and in many cases it is more like 1 fortieth 1/40 2.5% so on a mortgage of £100,000
the bank only has capital of at most £10k at risk and in all likely hood more probably £4k at risk. Therefore in distressed sales all on going mortgage payments made should be viewed accordingly and and distressed asset sale again viewed similarly.
I,e a mortgage holder with 25k negative equity on a mortgage of 100k still has an asset worth at least 7.5 x the capital reserve the bank allocated against making that loan. I.E the borrower remains in debt for 100k a new debt of 75k is created and and the bank gets all its basic capital back has had the interest in the meantime and will still milk the original borrower through the Bankruptcy process for a further 2 years representing further pure profit."
Full Blog which is really just my notes so far.( some of them at any rate)

http://letthemconfectsweeterlies.blogspot.com/2011/05/further-thoughts-on-distressed.html

The Banks win at all stages along the line and yet they still managed to cock their own system up Through Greed and the fact that there is no Honour amongst Thieves.
I quoted Ruskin in an earlier comment " I was that Soldier"

I really like the Lithograph ( or is it a drawing)? by the way.
This Piece of performance Art is laden with meaning for me worth the 15 minutes it takes to watch.

Genuine Fakery.Anne Wenzel
http://www.youtube.com/watch?v=no_geZuQh2o

I just don't understand how people are falling for all of this. I could (partially) understand the emotional desire to believe govts over 9/11 etc. But this? No.

Dana, A link for you

I appreciate Golem's subsequent qualification of his concept of debt jubilee which, as I understand it means, more or less: something has to be done to alleviate the burden that's been placed on the real economy by the politically powerful casino players, whose only concern [indeed, legal responsibility] is maximization of short term profit.

What the latter are doing in fact is killing the goose that lays the proverbial golden egg. But just one further thought. What would the effect of mass die-off of humans be to the present, presumably intractable global financial situation? After all, through a 50%+ increase in industrial mechanization in the past 20-30 years, billions of human workers have been rendered superfluous, from the standpoint of morally bereft casino accountants.

Add to that the fact that the accrual of the monstrous debt we're being forced to address today has been based on the assumption that economic growth – indisociable from availability of cheap energy –, could be infinite. It's difficult to imagine that the bubble blowers, with all their think tanks and strategic 'gamers', could have been that naive. Or perhaps, from Wall St / City of London's perspective, the amassment of gargantuan debt constituted an opportunity?

This is something we need to consider: what if the erasure of several billion humans were seen as the most expedient means to solve the "debt crisis"? The idea of mass population reduction is nothing new, after all.

It's a troubling thought, admittedly, all the more so, given that, with adequate distribution of wealth and appropriate ecological stewardship, the planet could easily support current global population. Moreover, a population that reaped equal benefits from exploitation of resources which, after all, belong to us all, would be much less inclined to rely on high birth rates for generational survival.

Imo, it is vitally important that we begin to look at the debt catastrophe from a perspective that goes beyond strict monetary concerns. The catastrophic circumstances the world's 95% are being forced to absorb require ground-breaking ideas and organized action.

A few links, which may be familiar to Golem readers:

The Impossible Hamster. Which leads, naturally, to this [cracked lip humor by Aussies Clarke and Dawe].

Many will likely know the famous lecture given by Albert Bartlett, on the mathematics of the exponential function, which is foreign to our native perceptive capabilities.

I'm a Quaker and so not big on violence. That said you might be right. The wealthy have never been good at giving until forced to.

The question for me is what can I do before we come to that ultimate failure of teh imagination? Is ther anything I can do now, however small, to try to head off the time when violence seems the only answer and people reach for it?

You see those who will ultimately reach for violence are often those who would do nothing to try to change things earlier. It's as if they stick with a broken system refusing to 'risk' change until it is finally so bad violence seems a quick collective option.

Mao may be right that it will always come to it. My grandfather, whom I admired desperately, believed so and was ready to fight. And in the end, if it is fight or see my children enslaved, I would fight too.

But I feel better knowing that I am trying to do something, however small, however laughable in the gramd scheme of things to head off and prevent that catstrophe.

So I was not ignoring you. I was doing what I can to spread dissent and ideas of change. It may seem futile knowing that the rich won't give up power. But Egypt has shown as many others have before, that popular uprisings can arise and can uproot the seemingly impervious.

Why shouldn't we try here?

It's one of my endearing qualities 🙂

A police MP5 can have up to a 32 rounds in a box magazine or 100 rounds in a drum magazine. It fires up to 900 rounds per minute. We can't compete with that and that's just what they have in a police car.

I could get a shotgun off a farmer maybe, they are the only people with guns but that's it. Still have to find shells.

I wouldn't want to though. That's not and never will be my style. The answer is the people. The people have to say no. So how do we get the people to say no?

That is the $1,000,000 question.

Answer that on this blog and 10 minutes later you're gonna be carted off in a black automobile or suffer a road accident. But hey! At least you've got the answer out 🙂

The answer is a media event worldwide with participants worldwide, simultaneously doing the same thing advertising the opening of minds all day so no media source can ignore it. But the thing has to be crisp, it may have had leads up to it, to set seed in mind like men with beards and the BAM, whole day of it.

So people have same conversation at same time and an unstopable force is set in motion that no reptilian can stop.

The Message.

That would make a great film.

That would make a great reality.

If anybody needs me I'm out and nowhere near a road 😀

Blaming the people who took the loans out is as foolish as blaming Goldman Sachs employees for being shameless. It's the the petri dish in which we grow. The conditions given for life to grow. The system.

Or maybe what they do might work, slowly slowly catchy monkey.

It's what the people who are awake will do. I think we all have sleep poralyasis if you ask me though. Jinamizee, I wish I could finish that song:

Me got Jinamizee, me dunno what to do
Me got Jinamizee, just like you
Me got Jinamizee, me avn't got a clue
Me got Jinamizee, we gotta get through

Icelandic folk got over their mara
But the morrigan giving bad karma
Bound in metal kanishibari
We gotta let rip, open up that harley

Now that crushing demon just be a syndrome
Need to push him off, I know you got it in you
Take control, of where all are future go
Kana tevero, you gotta go go

The blind spot, in your field of vision
got you stuck, being a statitian
The evil djinns, be stopping da mission
We need a call to action, recited by the muzim

I know I know, I always be preaching
I know I know, not a lotta teaching
But the common thread, in all a my speaching
Stage N2 are the folks that need reaching

http://market-ticker.org/akcs-www?singlepost=2559049