To provide a further analogy for the measures now being enacted...
The parts of Europe currently biting down on austerity measures (Great Britain among them if I'm not mistaken) are the responsible parents. Those who want to get out of debt and have seen the big picture.
Where as "Papa Obama" just wants the kids (states and american people) to shut up so, more money is borrowed in an effort to maintain the current arrangement...irregardless of whether they have seen the larger picture or not.
It's funny how no judge is trying to arrest the perpetrators of these massive financial frauds and massive taxpayer rescues. No one is suing. No one is clamouring for justice out there, trying to get officials impeached
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Yes, I agree. It will be far worse than financial earthquakes, and it will reverberate much further than finance. Reset buttons are accompanied with major societal upheavals.
By the way, thank you for reading. And letting me know you enjoy them. Sometimes I think no one's reading, but obviously not! :)
And thank you for thinking of me. Though I try to be responsible, unfortunately I don't think it's enough. We are of modest means and I worry we won't have the resources to weather what may be coming.
Well, about reset buttons ; in France, for example, during the transition from monarchy to republic (which was precipitated by an untenable economic situation for the "everyday" people) that involved a terrible societal upheaval. But in Japan, throughout Heian, Asuka and Kamakura, the "everyday" people rather frequently stormed the capitol and destroyed the credit records and this caused no substantive change in their society. So this leads me to wonder if a reset actually necessitates upheaval--then again, the people in previous periods in Japan did storm the capitol to destroy these records rather frequently while the French only destroyed their monarchy once
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Seriously, they say that about an economy for 100 years? Sounds like the memory of WWII and post-WWII has disappeared...
I've tried to keep in touch in your journal, but sometimes weeks go by between when I have time to come onto LiveJournal.
I don't think these records are destroyable. Too spread out geographically, in data co-location services, etc. The plot of Tyler Durden would not necessarily succeed today.
I am glad your belly is full and your bed is warm. :)
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boy, don't even get me started. Thanks for the really coherent and well-thought entry.
Also, when are the twins due? We're due 12/19, the day after Burgundy's birthday. Apparently I have a 2-days-in-15-years fertility window.
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Oh congratulations to you! We're due probably late October or very early in November!
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The parts of Europe currently biting down on austerity measures (Great Britain among them if I'm not mistaken) are the responsible parents. Those who want to get out of debt and have seen the big picture.
Where as "Papa Obama" just wants the kids (states and american people) to shut up so, more money is borrowed in an effort to maintain the current arrangement...irregardless of whether they have seen the larger picture or not.
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There's a lot swirling my brain regarding this...on this topic in general.. Right now, I'd just like to be working.
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By the way, thank you for reading. And letting me know you enjoy them. Sometimes I think no one's reading, but obviously not! :)
And thank you for thinking of me. Though I try to be responsible, unfortunately I don't think it's enough. We are of modest means and I worry we won't have the resources to weather what may be coming.
I hope things are going okay for you in Japan.
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I've tried to keep in touch in your journal, but sometimes weeks go by between when I have time to come onto LiveJournal.
I don't think these records are destroyable. Too spread out geographically, in data co-location services, etc. The plot of Tyler Durden would not necessarily succeed today.
I am glad your belly is full and your bed is warm. :)
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