Forum Post: Dark Ages 2.0

Each generation buys into the same real estate ponzi. Buy bigger and bigger houses and when they appreciate sufficiently, sell out and retire on your profits. Where does that money you gain come from? Why it's the savings of your children when they buy into the market at a much higher price than you did. The secret is, of course, that very few actually have any savings and the money really comes from the increase in debt ... the loans created on the ledgers of banks. And overall debt grows. So does the interest: the profits of the banks.

Don't forget: All that interest, profit and indebtedness of most of the population are growing at an exponential rate. So is wealth inequality/concentration. Also remember that it's not just real estate and finance. Most business is to big for our own good and will only continue to grow their wealth and our debt. When they tell us to think of mom and pop's store... well that's just a little part of our disinformative education... a diversion... our conditioning and socialization. It's all aimed at the same target. What do we need to see there? A civilization in which almost all of the wealth and power are in the hands of an elite class.

In the end only billionaire investors and private equity hedge funds like Blackstone will be able to borrow enough to buy housing and become landlords. Our burden of debt, largely bequeathed to us by our parents, will make us the peasant tenants of financial feudalism as the overall unpaid debt obligations will bring on Dark Ages 2.0. That's how too big to pay back debt brought down the Roman Empire. Debt jubilee was the solution the Roman elite could not bring themselves to embrace. No doubt in their greedy delirium of parasitism they were concerned for our moral hazard. They fear that we will hate to see our neighbors [or children] be freed of debts that we felt obliged to pay. Michael Hudson of the University of Missouri is a great source. Here's one example:

https://www.nakedcapitalism.com/2020/12/a-hard-look-at-rent-and-rent-seeking-with-michael-hudson-pepe-escobar.html

Here's another look at predatory private equity. https://actionnetwork.org/forms/joint-action-demand-congress-stop-wall-street-predatory-capitalism

I can tell you over and over that the Wall St. Oligarch-Billionaire parasite class is a threat to the survival of the human race, as have been all such classes since the beginning of civilization. Debt is tyranny. Creditors and investors are traitors to the human race. They have abdicated their humanity and must be handled like the vicious predatory animals that they have chosen to become. But what's the point?

Such rants are a waste of my energy. You need to take a hard look at your state of mind. Only after a thorough examination of your beliefs, their sources and a reality check, will you really know the truth that can set us free of the parasite classes that have dominated the human race since the beginnings of civilization.

Do it. Maybe we can forestall Dark Ages 2.0???

Video link https://youtu.be/6IZlCuXxgUI