Sunday, November 15, 2020

misdirected attention

https://www.usdebtclock.org/ ___________ "according to pliny the elder, rome had a deficit of 100 million in sesterces in its trade with the east every year. and ancient roman coins are still being dug up in india today." fernand braudel. the perspective of the world, civilization and capitalism 15th-18th century volume III
there's a lot going on...a petulant lame duck president refusing to accept an electoral defeat and a solidly indoctrinated group of supporters openly hostile to his leaving office because they want to preserve what they see as a way of life under threat...and their way of life is under threat...from among others, donny, and they are unable to see him as a representative of a class that is the source of their problems...donny and his ilk are exactly why their standard of living is falling off percipitously...instead they are focusing their anger on an election of yet more representatives of that class and blaming "the others", who are pretty much in the same condition economically, for their issues...someone has been doing a fine job of indoctrinating and i'd personally point the finger at public education...but that is not the focus here...i am talking about debt...i had a look at the national debt clock this morning and it is time to step back...forget donnny and the prosecutor for a moment, and take a hard look at some numbers...admitedly the clock is spinning so quickly these numbers are already stale...however they make the point...per the clock the u s gdp is $21,265,024,500,000 and the national debt is $27,251,841,500,000...oops...debtor nation...personal debt...the debt owwed by trumpists and "the others" alike is $20,857,169,800,000...which is alarmingly near the gdp itself...the gdp is buried in public and private debt...income outnumberd by debt by about two to one...and the trade deficit? $855,126,394,900...in 2015 a sestertius was valued at a ballpark of $1.55...which meant a roman trade deficit equivalent to $155,000,000...something miniscule compared to ours? empires built of debt and the only ones becoming wealthy are the owners of the debt...and who might that be? betting donny and his cohorts in the oligarchy...the market is up...so are covid cases and the hole the debtor class finds iteself in is simply getting deeper because the greed that runs the show wants it all..and they are winning while we bicker with one another about who gets to run the payday loan store we call a government...i am solvent...for how long i have no idea...i do know that donny and sleepy joe and the prosecutor and that stumbling twit pence do not want me to be and will do their best to take as much as they can..and the herd mentality grinds on.

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