I was reading today how one state in Australia is introducing "Covid Tax" to recoup some of the money they spent through mismanagement of public finances to help enable the fastest change in wealth from poor to rich ever. While they were convincing people to take out massive home loans, the governments were taking out massive Covid loans, as if interest rates were never going to go up - even though they were injecting this massive amount of "thin air" money into the economy to spend on a limited amount of goods and services.
That isn't going to cause inflation.
Oh, yes it is.
And the response to inflation?
Increasing interest rates.
So, the governments borrowed trillions of dollars globally, handed it to people and corporations through various mechanisms, the people put it into the hands of the corporations, the corporations invested it into the stock markets driving values up to highly inflated levels. The inflation was there, it just wasn't yet in the goods and services. Then, when the correction came and it was divested, the world was flooded with devalued cash, driving the costs of living up.
The situation is that people are saddled with more debt on overinflated housing costs, facing increasing cost of living prices, increased energy and utility prices and increasing interest rates, which increase their debt obligations. Then, they are having to cover the failure of government financial decisions now and into the decades to come.
How many times can people be screwed over?
And, remember, that while "Covid" is going to be the scapegoat argument, the fact is that a lot of the mismanagement was happening behind the Covid curtain. The scale of this is incredibly large, but we will likely never actually know how screwed over we have become, other than feeling very, very sore for the rest of our lifetimes.
There is a certain kind of cruel in the way governments operate and we seem to have accepted it as the way it has to be. We make the assumption that there is no alternative system, that we are unable to organize ourselves, that centralized control is safer, even though the opposite is true.
I was asked about CBDCs the other day and whether that is the future and I replied, yes. Not because I want it to be, but we are so brainwashed as a mass, that the vast majority of will buy into a story of convenience, where they will tout the CBDC as having all the plusses of crypto, without the risk of crypto, because it is backed by central banks.
Fuck!
Central banks back the economy we have now!!
The sheer level of gall that the governments have should be admired. They believe that they are "too big to fail" because they see themselves as outside of the economy, like a godly figure that creates the universe, not a product of the universe itself. But, every centralized authority in history has failed.
Every one.
History will repeat again.
Yet, that history isn't pleasant, it is disruptive. It isn't smooth, it is violent. The failure of centralization is the collapse of whatever society is tied to it at the time and it brings a lot of pain to all concerned. It is like a van full of people not wearing a seatbelt, tearing down the highway when a front tire blows out -
The survival rate is low.
The wheels are coming off.
And we can hear the car making noises it shouldn't, but instead of slowing to a stop to investigate, we turn the radio up and ignore it. After all, we are in a rush to get to wherever we are going and stopping would be inconvenient.
Regardless how they will fight it, the future is decentralized and that is the actual ongoing battle around the world, even though most do not realize it. Authority is continually trying to maintain power by expanding their control, but in so doing, they are actually pushing people closer to the edge of non-compliance, where rebellion will take place.
Civil unrest hasn't been as high as it is currently for some time and just like the economy, once collapse happens in one place, it can set of a chain reaction. The economy is global, and so is the culture, which is part of the reason that social movements driven through media have so much reach. Once the riots begin, they will spread, driven by the desire to create drama for attention in order to monetize it. Similar to the Arab Spring, except at a global level.
Divide and conquer works.
To a point.
Divide and conquer works incredibly well for developing control, but we now live in a world where distributed points are able to not only talk, but organize themselves and align toward a common goal.
Everything is connected through the global economy, but it is also possible to create a shadow economy that connects everybody - and through decentralized measures, it is out of the reach of centralized authority. This doesn't mean it is untouchable, nor does it mean that the governments and corporations will just "give up" control - but it does mean that there are alternatives to the centralized narrative. And knowing we have options is the start of making a decision on which direction to take.
The governments do not have an answer to improve our world.
The corporations do not have the incentive.
But, it is our world.
Taraz
[ Gen1: Hive ]
