Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

April 17, 2011

Steal this Greenhouse

Here are two books that you should never read at the same time, unless you have your pitchfork parked next to your nightstand and you know your Congress WoMan's address. Of course most of us rather reach for their Smart Phone before even getting out of bed rather than an instrument of revolution and shitshoveling. So that you may not have to waste your precious status update time slot, I hope it pleases you for me to share why you should just keep on doing just that.

Your outrage at the end of the world is better spent when the world is actually ending and no more smarty panz phones are around to inform the hundred's of our closest friends of the impending doom. Of course that means that all those amazing FB driven revolutions in the middle east will sizzle in an electronic wasteland. Shame that, great while it lasted. But democrazy only gets dropped on your head like cluster bombs if you got oil. And so I urge you to keep on telling me how your breakfast bagel tasted.

Griftopia, aptly named, the only thing missing in the title is "Fucking (Griftopia)", just to prepare the reader for liberal cuss word sprinkling. If someone would write a tome to counter-match Atlas Shrugged, they should start by reading this. I have imbibed a couple of reads about the recent financial implosion but this one takes the cake, which we will all soon be told to eat.
As a summary: Rich bastards get richer, implode the financial system, get money from poor people to save their crazy schemes for world domination, funnel those monies to offshore tax free profit centers, and leave poor people to pay back the resulting debt amidst a plethora of tough choices supported by the biggest presidential Uncle Tom in the history of class warfare.

The Flooded Earth, also aptly named, does not need a fucking title improvement. If people still read books in 100 years, they will take this one and beat themselves over the head with it. Or burn it on your gravestone (if burning of fossil fuels isn't so completely outlawed to prevent even this small symbolic gesture).
As a summary: Humanity keeps up its insatiable desire for stuff and fucking and dies under a mountain of itself and stuff. Direct cause of death: rising seas that swallow up not only our fairest cities but also inundate our best agricultural lands with salt. You think this is farfetched sci-fi opera stuff? Over 50 % of humanity lives in cities, and how many of these are on the ocean? How much does water have to rise for Florida and Holland and Bangladesh to be under water? How would you move a city? How long before the greatest fruit and vegetable garden in the history of the world is under salt water? Did you like looking at New Orleans after Katrina?

What do these two sweet dream inducing bed time reads have to do with each other: Rich people blow one financial bubble after the other, create a system of resource distribution that is in their favor and in that of acquiring ever more stuff. Poor people pay for this over and over again, until all the land is used up, all the rivers are swollen, the fish are gone, the ocean is dead, and once fertile land is under salt water. At which point rich people evacuate in their Hummers to their Mountain Retreats that they paid for with the tax money that rescued their behinds during the last financial meltdown, and debate how foolish all these poor people were not to prepare properly for this very obvious end of the world scenario, which could have been averted were it not for poor people's basic stupidity.

April 12, 2008

zoellick makes me regurgitate my own vomit

Why is the World Bank in the news so much this last week? Especially internationally and energetically running around the globe, giving away money, and asking for more funds to lend to the developing world? Building power stations, demanding more support to subsidize rising food prizes and generally appearing as good global citizen numero uno. And why is the WB telling you at the same time that the US economy is going down the tubes and that the rest of the world will follow. No, this is definitely not the carrot and stick strategy. No, it's not the WB telling you that you are so far up shit creek, that only the latest technocratic babyhawk, who accidentally happens to happily row by in his shit dingy, can pull you out of the putrid cesspool of international finance. What is surprising about this is, that Zoellick thinks the WB's main task is the fight against world poverty, when little old me thought they are responsible for it.

I get sidetracked. So why is Zoellick, my knight in shining armor galloping around the globe on his steel-horse? Why is the shit stuck to his boots appearing to be marginally if not magically cleaned off by a recent stint at Goldman Sachs? After years of being a good Bush clan henchman, suddenly a clean little boy is presented to us as the savior of the masses, worried about their caloric output and intake. Ah, that's right, Wolfowitz is out and Zoellick is the new Bu-shite at the helm of the WB. We need some PR, and fast!

No time to waste to throw some money at the poor brothers, never mind that debt servicing cost the third world 540 Billion USD in 2006. Let us increase the high-risk loans (not at all similar to ARMs here) to high-risk debtors, asking for high-risk premiums (no, not like ARMs
either), and suing them if they do not pay up (well, taking their planes or ships - when they land in our ports trying to sell their meager harvest at our subsidized dumping prizes - because we don't want their mud huts). Did you know that the surviving Rwandans are at this moment paying of the machetes that were used to chop of their sisters, brothers, fathers, mothers, sons and daughters limbs one by one (financed by and now being payed off to Credit Lyonnaise; produced, sold and shipped by China)? I know this is completely unbelievable, falls under the term "odious debt" and if you do not believe me => JFGI. I for one would prefer to spend the US Offensive Budget on debt relief as opposed to buying cluster bombs for Israel.

It doesn't strike me as strange at all, that when I first heard about Zoellick loving the 4 gigawatt power station in India, I immediately and instinctively was overcome by overwhelming nausea (the German "Brechreiz" is so much more descriptive of this condition). I had not been tracking Wolfowitz's Fenstersturz, news such as this is hard to track in the US, nobody rep
orts it, and so I thought Zoellick was just a footsoldier. Now my lily-livered liberal soul is, if not surprised, at least and unfortunately justified in its disgust with the status quo yet again. What really annoys me is that I do not see an article such as this in the NY Times or anywhere else for that matter (www.marx.com doesn't count). Here is today's front page of the times:


























Tasteful, eh?

And do not dare to tell me that I should go to the WB myself and change the system if I am so disgusted by it. You know just as well as I do that one such as I is not allowed into those hallowed halls of world corruption. In order to enter, one must first sell one's soul then cut off one's own cojones and generally cease to be a human being
- all done voluntarily of course. Which would usually make me pity the babyhawks, but since they induce eruptious, uncontrollable vomiting, I do not. I get tired of having to clean up my keyboard and computer monitor after each article that I read.

April 11, 2008

manifesto of the enraged

"Freedom is nothing but a vain phantom when one class of men can starve another with impunity. Equality is nothing but a vain phantom when the rich, through monopoly, exercise the right of life or death over their like. The republic is nothing but a vain phantom when the counter-revolution can operate every day through the price of commodities, which three quarters of all citizens cannot afford without shedding tears."

This comes not out of the Favelas of Rio. This is not a call to arms in the shanty towns of Kibera. It was not spray painted on the mud walls of slums in Istanbul or Mumbai. You will certainly not find it in Communist China, that place makes a farce out of the brotherhood of labor.

You would have to travel through time to come across it, yet how much truth would the hungry of our day find in it still? How meaningful would it be to the mother who can not feed her children in Manila? Where is my Red Priest today? A few billion people are looking for you. The Haitians of the 21st century would follow your fiery oratory as their ancestors appreciated their freedom from the French yoke. As long as bread accompanies your words of steel you shall reign over the Republic yet.

Jacques Roux, where are you?

April 10, 2008

zoellick makes me vomit in my own mouth

Please see my post a little lower. Somehow “I told you so”, just doesn’t say it right. There was hope; as usual it was a false hope, that maybe my future would be considered. Unsurprisingly, the fat cats and the big hats think only of their checkbooks, which I am sure aren’t fat and big enough by any standards. And the bastard Zoellick dares to try disguise it by saying that he just wants to hook up his poor brothers in India with some power. How many solar panels can you buy with four billion dollar? In case you are trying to answer that question; it does not matter, because that would mean decentralized energy production, which is not under the control or part of the profit scheme of Herr Zoelick and his henchmen. Ergo, it won’t happen.

It boggles the mind, to know that locally produced and used renewable power is possible, viable and just bloody smarter, than pumping out four gigawatt of power via burning a lot of coal and shipping it from one end of a country to another. California Edison is about to install 6.5 Million SQF of Solar panels on commercial buildings in Southern California. That power feeds directly into the grid, no need for mile long cables that loose power and cause cancer. What does the World Bank do? Thinking of your welfare is certainly not it. Maybe they need an Austrian at the top, instead of a babyhawk.

Do you know how much water a four gigawatt power station uses? I don’t, but I bet you anything in the world that the fat cat’s cousin is already rubbing his hands together in anticipation of the profits from selling water to poor Indians because the naturally occurring water is sucked up by his cousin’s power station.

Do you know how much CO2 belches out of the smoke stack of a power plant like that? I don’t, but I am telling my friends to sell their beach front property. It’s a good thing I don’t have any Bangladeshi friends, because I would just have to tell them to go &@%$ themselves, like Zoellick just did, since their whole country is so low that it qualifies as beach front property. Except it ain't a beach you want to be on. They recycle your crappy scrap metal on it. I guess the alternative for them would be to just move on out, get themselves some property on Fifth Avenue, start lobbying their local congressman to build more power stations in India and China, hope that increased entropy in our climate system will not affect us on our fair and far away shores, and wait for Armageddon. Oh, I forget, they don’t have any money. I guess it's back to option one, “You and your children can go &@%$ yourselves!”

“Zoellick, are you familiar with the term Armada Storms?” I know you are not, so JFGI baby!

April 7, 2008

rannofo

The river Rannofo is in the south of India. Four tributaries pay their nasty tribute to this once mighty giver of life in a great churning mass of chemical processes kicked off by various reactive particles at the more aggressive end of the Periodic Table of Elements. The levels of pollution in the tributaries are not unusual by Indian, Asian or even global standards of water pollution. One of them, the Supar, is a muddy cesspool with the olfactory properties of one of those Yellowstone mud-holes, the ones that smell like a million stink bombs had been thrown into a vast vat of vapors-inducing vapidity by especially ugly redheaded stepchildren. The second one used to be called Viriditas, the Greening Power. Today nobody remembers why it was called Viriditas. It greens no more, and nobody remembers when people started calling it something else. The new name cannot be mentioned in polite company or in front of your mother. The third one is not really a river anymore. It is not a tributary in the natural sense, where water happily springs forth from a meadow in the high Alps, or seeps out of the ground in a swampy sweet smelling marsh with dragonflies buzzing and little birds flying lazy loops in the air. It used to be all that. But now its headwaters are the spouts of a mighty coal burning power station, that produces four Gigawatt of electricity. The financing of which was approved by the World Bank on Monday April 7th, also known as the day that humanity signed its own death warrant. The fourth tributary is on fire more days than not.

Originally, I set out to write this story as a metaphor of hope in the tenacity of humanity and our amazing ability to survive horrible situations. The four tributaries would miraculously clean each other up in this great churning mass of chemical reaction. I wanted to brush the cobwebs of my old mental periodic table, and come up with a process where this becomes reality. But now that I set all the ugly veritas down on paper, I don’t want to anymore. Because if I do, somewhere some idiot will take it as a metaphor, not of destruction and willfulness, but of some magical way that we will by pure chance happen upon, enabling us to pollute the living daylights out of our home planet and happily survive in a clean world anyway. Well, it won’t so I don’t.

Your little future Gandhi of the green movement will not bath in the soothing waters of the Rannofo (orig. ran-more-four => Ranmofo => mama would wash my mouth with soap, so => ran-no-four => Rannofo), and will not discover nature’s wonderful self-cleansing ways, and will not apply his newly found idea of green resistance the world over, and will not save humanity from itself.

Instead he will die of a large amount of chemically induced ailments at a very young age. His parents knowing the reasons for his death, but nevertheless powerless to stop it, will not be able to find recourse from the polluters. The polluters are the whole entire world, and how do you sue something like that? The financiers at the World Bank, the planners of factories, the consumers of products, the drivers of cars and the users of cloth driers. It is one giant tragedy of the commons, and that description has never more hit the last nail in our coffin right on the bloody head.