Thursday 5 February 2009

A DEPRESSIONIST MANIFESTO

yo!...academic...innit!



PALOOKAVILLE FINANCIAL
capitulation day
+135...


...the last great movement of the old century has died...


...debtism and all of it's proponents are discredited...

...the academy has looked in vain for it's return...

...but...

...the boomists are just a bunch of art clowns and have no substance...


SINIFICANT I TRANSENDENT


...the momentum is with the depressionists...

...they see the future as different from the past...

...where there was credit...

...there is debt...


...where there was growth...

...there is contraction...


...where there was inflation...

...deflation...


LET THERE BE SOLVENCY


...in the beginning there was trade...

...then there was finance...

...then there was leverage...

...then there was debt...

...then there was darkness...


DEBTRUNNER


...household debt has reached the nexus phase...

...but...

...incept dates have failed to retire the nexus debts...

...a new bread of financial police have been created to default the debtors...

...this is not called bankruptcy...

...this is called financial murder...


The plight facing Britain is uncannily similar to the 1930s, since prices of many assets —from shares to house prices — are falling at record rates, but the value of the debt against which they are held remains unchanged.

This “debt deflation” is among the most painful of all economic phenomena, since it means the amount families owe increases each year even if they borrow no more.


LET THERE BE LIGHT


...the banks have sought to keep us in the dark...

...they are lying about their exposure to toxic assets...

...the boomists are feeding them ever bigger gobbits of our money...

...what we get in return is...

...the mushroom treatment...

..."keep em in the dark and cover em in sh*t"


...meanwhile they continue to pay themselves huge bonuses...

...with our money...


BOOM BOOM BROWN


...the king of the boomists...

...is trying to create a zombie state...


...you start with a client state...

...where everyone is on the payroll...

...then you bankrupt the country...

...then you reflate the bust banks and property bubble...

...then you tax everything that moves or breathes...

...until all economic life is dead...


petey : hello? anyone out there?


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