Don’t wait that long to default. Do it. Do it. Just do it. Because Default is the only way to stop the slide to poverty, disaster, enslavement the four horsemen and JUNKIE-NATIONHOOD. Keynesianism is death on the hoof. The steeds are standing around snorting steam, behind those pretty clouds, waiting for their opportunity. As bad as the old fractional reserve gold and silver standards were, they would foist up a fearful cleansing periodically so that the place turned out anyone who could delude themselves that cash flow and savings weren’t the road to wealth.
Default with relish. Default with blood-lust. Default with whatever gets you going. But default default default. Waiting another fortnight ensures more damage from the wealth destroying machine that is bank-cash pyramiding, and government departments running amok like cancer cells jacking off in a hall of mirrors and splitting 2, 4,8, 16.
What will be the immediate consequences of default?
Well the cure won’t be easy. The taxeaters and the bankers will seek a fearful retribution. When announcements are made on the local level to make cuts then we may expect that they suddenly cannot find people to collect the garbage. The sewerage will kind of get blocked up on a hot day and the streets may run with excrement that finds its way into the train tunnels and the underground parking of the high-rise apartments.
Never underestimate the vindictiveness and cunning of a rich taxeater that wants to keep his high salary. They will ALWAYS cut the meat bone and marrow before they cut fat. So we can expect the United States soldiers still over there in Afghanistan will suddenly find themselves under-resourced even while they are facing enemy fire.
The other thing we can expect is Social Security checks of the old people will be delayed. But don’t expect at first any closures of this incredible alphabet fucking soup of agencies, agencies, bureaucracies, and more agencies ……. don’t expect even one of them to close down in the first instance. The taxeater is at the top of the food chain. And like any apex predator he can be expected to be totally ruthless in response to any request for him to cede turf.
You may be shocked by how they act but don’t be. Them starving off old people and getting soldiers killed is part of the process. There is no avoiding it. But to continue with the Keynesianism is a crime against humanity, and a great deal more people will get killed if the debt ceiling is raised, and the deficit spending continues.
Well what ought they do? Ought they under-resource their soldiers? Ought they starve off the old guys? No of course not. They have plenty of money for the social security and for fighters currently in the field. So long as they close down all those Washington agencies and tell the States that they have responsibility for any of their legitimate functions now. They cannot afford medicaire its true. They will need to actually push up pensions to compensate for the withdrawal of medicaire cover. But they don’t need to delay pensions in default. They WILL delay pensions but they don’t need to. This is just the inevitable softening up process that the taxeaters will try on.
The financial conspiracy is just a band of airbrushed drug-dealers who tempt everyone with dreams of asset inflation uppers that they themselves supply. But they drain away the health of the economy like the girlyness leaving Amy’s body. The hangover is whole segments of the population holding a hot potato when the asset values crash. In all of this loanable funds aren’t used to buy capital equipment, but instead are used to make our own land more expensive on the asset side, and put us in debt to foreigners on the liabilities ledger. How neat is that hey? Bidding up the price of the land beneath our feet, and showering ourselves in debt at the same time. What a gift these dealers bring to us? What a wonderful service?
Both sides of economics glorify debt, and they cannot seem to see that if you sell everything and keep borrowing, you wind up owning nothing but obligations. You wind up with a whole country living like junkies. Owning nothing. Not able to manage their ball and chain. Poor Amy. You are in a better place. You still have your grammies and you owed no cunt nothing far as I know.
Proper debt is not enslavement since in the right context debt improves cash flow. And there aren’t the loanable funds available except that they will be made for loans that will improve cash flow. The money-creators bribe politicians to put you and me under official debt. Something that neither any of the politicians or any of the bankers have any right to do.
So default default default. For both moral and practical reasons. Because if Washington defaults. And Greece defaults. And Ireland defaults. And the whole world fucking defaults, then there is a chance that the benefits will trickle down to you and me. And they may even formalize the process in a partial jubilee.