We're lied to by psychopaths incessantly now. All guardians of the status quo...
Sophisticated: "worldy", not naive. Deceptive, misleading.
I just read this article saying that with respect to the "end of the bubble", "Ilargi" makes more interesting points than merely pointing out that "the bubble party has to end and the unwind is not likely to be pretty". You don't say. That comment would be in reference to people like me who have a very simplistic view of this post-2008 situation. I have an extremely boring habit of pointing out that the impossible is not possible. I also have a repeat offense of pointing out that no society in the history of mankind has borrowed its way to prosperity and/or printed money to create sustainable wealth. And sadly, we likely won't be the first - we can say that with a decent amount of certainty. Right now, we're just waiting for self-deluded morons to stop blowing smoke up our asses non-stop. Unfortunately, this isn't a fucking mystery novel, plausible deniability IS the opiate of the deeply stoned masses. We just took back seven months of Dow in one week. Seven months of non-stop CNBS cheerleading, and we'll never get that life back. Wait until six years of buffoonish bullshit is thrown back in our faces in a matter of a few days.
I just read this article saying that with respect to the "end of the bubble", "Ilargi" makes more interesting points than merely pointing out that "the bubble party has to end and the unwind is not likely to be pretty". You don't say. That comment would be in reference to people like me who have a very simplistic view of this post-2008 situation. I have an extremely boring habit of pointing out that the impossible is not possible. I also have a repeat offense of pointing out that no society in the history of mankind has borrowed its way to prosperity and/or printed money to create sustainable wealth. And sadly, we likely won't be the first - we can say that with a decent amount of certainty. Right now, we're just waiting for self-deluded morons to stop blowing smoke up our asses non-stop. Unfortunately, this isn't a fucking mystery novel, plausible deniability IS the opiate of the deeply stoned masses. We just took back seven months of Dow in one week. Seven months of non-stop CNBS cheerleading, and we'll never get that life back. Wait until six years of buffoonish bullshit is thrown back in our faces in a matter of a few days.
The fact that something is "obvious" means literally nothing to the Idiocracy. We are stewing in a cauldron of the obvious:
Instead of real world options and concrete steps towards solutions, we're offered a menu of fake choices instead:
Exhibit A:
The "class warfare" card has been played constantly to ignore income inequality:
The right plays the "class warfare" card as an offensive mechanism. The ultra-wealthy themselves of course have been playing class warfare since the founding of Supply Side Ponzinomics over three decades ago, however, any time the issue of income inequality comes up, they just brand everyone a communist, and the masses who have no clue how the rest of the world actually works, fall for the trick every time.
Aug. 1st, 2014: A SURE-FIRE CURE FOR INEQUALITY: CRASH AND DEPRESSION
The fact is that the ultra-wealthy know that they are on borrowed time and so they are starting to get mighty nervous. They constantly tell us that "government" is responsible for income inequality, even as they're stuffing their offshore bank accounts with millions and billions. This article, linked above is from Paul Singer, the very same hedge fund billionaire who just forced the Argentine default, all because the "holdouts" i.e. those who bought distressed Argentine debt at firesale prices, wouldn't cut a deal with the government to lower interest rates: see: Argentina in Default as 'Vulture Funds' Demand 'Predatory Payment'
Back to the article above, regarding income inequality, here is what a billionaire hedge fund "vulture investor" has to say:
Paul Singer hedge fund billionaire:
"Inequality has become a political theme. Some are using it as a stepping stone to political power, stating that inequality is unfair, getting worse and in need of redress. It is worthwhile to point out the facts:"
"In most of the world, inequality in fact is declining"
[Oxfam, January 2014: Almost half of the world’s wealth is now owned by just one percent of the population, and seven out of ten people live in countries where economic inequality has increased in the last 30 years.]
"The most important thing we can convey about inequality as a current political theme is that it is sharply exacerbated by the current mix of governmental policies in the developed world, particularly in America."
[Exactly. The country with the least robust social safety net of the developed nations - the U.S. - has policies overwhelmingly skewed towards the ultra-wealthy. I wonder how that happened]
"Prosperity and bull markets exacerbate inequality. Crashes and depressions reduce it."
[Well then non-stop talking and inaction has essentially guaranteed income "equality" at much lower levels]
Clearly collapse is the only option on the table to "level the playing field" once and for all. Fortunately, reality doesn't give a damn about the opinions of Faux News, billionaires, nor bloggers.
They've been stewing in their own "obvious" bullshit for so long, that they literally can't see it coming.