lucifer's tool 2 of 3

LUCIFER’S TOOL 2
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Whenever I bring up someone having money, inevitably I’m accused of being envious of the rich.  This is pure propaganda straight from the fecal filled pen of the bankers.  Everyone must strive for ever more money and hence everyone must covet money.  Hell, 90% of 70% of the economy is consuming items to make ourselves actually look like we belong to the rich class.  Not too long ago, only the rich had auto’s, or hired someone to build their house or sent their coneheads to college or could afford to go to the doctor.  So now, the lower classes ( ie, not the elite ) stay in debt perpetually over a mortgage, car payments, paying off their student loans or almost any hospital visit.

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Money is a tool, and you use it or abuse it, but debt is not a useful tool.  It benefits exactly one person, and that ain’t you.  It is the person who created the money.  But wait, you wail, if debt is used to build a business then it is good, right?  ‘Cause, you know, Austrian Economics told me so.  Well, sorry, Spanky, but debt only benefit’s a business owner who isn’t liable for that debt should his business fail, and in case you have your head up your ass colon deep looking for unicorn glitter, even then debt does more to bankrupt a business than anything else.  Bankers whores are busy explaining that Amazon is closing down all of retail.  Bankers whores be liars who will say anything to avoid a beat down from their pimp.

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Amazon is 5% of the retail market.  And as good as Amazon is on certain items such as books, they didn’t even kill book stores.  High rents due to bankers and high debt to bankers killed the book store.  Only a lazy bastard who can’t be bothered to create value for his customers would have to close a book shop if he had low rent and no debt.  The bankers push any agenda to hide their nefarious deeds, and those blamed smile all the way to the bank.

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Now, granted, debt can be used to good effect by business.  In a period of growth.  When the economy is doing good, wages are good, folks feel flush, customers flock to businesses begging them to take their money.  Being in debt then is great, to a certain extent, as it allows you to expand your business to get more customers.  Oy, but when the economy is eating a crap burger?  Being in debt is a death sentence.  Pure D guaranteed.  Before, oh don’t you worry, Hoymal, such a deal I have for you!  Just borrow a bit more for operating expenses, the recession will end-it’s a business cycle, for goodness sake!  Things will pick right back up, pinkie promise, no recession ever lasted past X months.

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Now?  There is no recovery except on paper.  Anyone who thinks otherwise is relying only on mainstream media ( business market ) bull crap.  When was the last time we were this long into a recession?  The Great Depression.  That only ended when we forced ourselves into WWII, giving communism a helping hand to pull our own economy out of the toilet ( after the war, we propped them up as long as they needed, so that the tanks and ships and planes never stopped being built.  Stopping the assembly line was stopping the economy ).  The only strategy now is to borrow more and more money because the economy never recovers and we only see less and less customers, not more. 

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At the beginning of the Oil Age, our economy crashed because of excess capacity industrially.  Now, at the end of the oil age, following the timeline of the Olduvai Theory nicely, we once again have too much capacity and no jobs.  Machines tend to do that, do they not?  You can do a shuck and jive dance around the issue, but giving jobs to machines never gave us lower unemployment.  The mental gymnastics necessary to convince ourselves of this are truly awe inspiring.  When it didn’t happen then, make government bigger and create jobs.  And when it also didn’t just happen with computers, pretend service jobs will suffice.

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Anyone notice too many service jobs left outside the public sector?  That’s it, blame Amazon again.  The company that eliminated profits to make everything cheaper, then made that up on the stock price.  No jobs, add in too many super size factories, and make sure to throw in some wicked energy BTU declines, and you have a recipe for Forever Contraction economically.  Being in debt now is suicide for a business.  It is even worse for individuals, because whereas a business just keeps borrowing until bankrupt, the owner walking away with a golden parachute, that doesn’t get to happen with an individual. 

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You can’t borrow your way to prosperity as an individual.  That second mortgage for the rural concrete bunker atop the hill, that third car loan for the bug-out vehicle.  The credit card loans for more semi-auto’s and ammunition, that is just making you much more dependent on a job that is dependent on surplus wealth in the system.  And no matter how good of a worker or how well run of a business, when your customers run out of money you lose your job or your business.  So, if the economy is in a forever decline, and your job is in the crosshairs, being in debt is nothing more than a stone chained to your neck.  When you go underwater, it pulls you down rather quick.

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And I’m talking about ALL debt.  There is no such thing as almost pregnant and no such thing as a good amount of debt.  Not anymore, without growth.  You might think we are still in growth.  Oh look, more fracking oil is more energy is more growth.  Hell, forget net energy, forget EROI.  JUST population growth will screw you.  If our barrels per day stay constant, or as is our case decline just an RCH ( red crotch hair, the smallest measurement known to man without a microscope ), and yet population increases, that is LESS energy for the economy.  LESS!!!!!!  Less energy is negative growth.  Continued tomorrow.

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