Pleonexia & Pecunious Versus Paucity & Privation
The Evil in Our Desires
“I am the only one. There is no other. Only I can judge the worthiness of those who seek to possess the treasure.” –Smaug: The Hobbit
Plato used the label “Pleonexia” as a ‘never assuageable greed.’ There is no question that America is living through its second Gilded Age. Politicians won’t save us; the courts will not save us. Citizens need to rise in a revolution that sweeps the monied class from its perch and its control over our government.
In contradiction, we need a modern Theodore Roosevelt. It does not matter if that person subscribes to any ‘party.’ Both parties in America are owned, lock, stock and barrel by their corporate overlords and they do the bidding of the top 1% of the country. Time for a new party, the “Roosevelt Party.” The “Teddy Party?”
During the “Great Financial Crisis” of 2008, the government response was to bail out Wall Street and the banks and leave the plebeians high and dry. The housing crisis of the GFC turned into a housing apocalypse as the banks took the money and started buying up distressed residential assets, creating a housing market that has basically become a casino for the big banks.
“That leads them to pleonexia (the term used by Plato) or an all-consuming and never assuageable greed. While every need whose objective is a use-value can in principle be satisfied (a multi-millionaire can buy a private airplane), the need to have more and more of wealth as such (gold in the past, electronically inscripted certificates today) is boundless. It has no objective nor goal nor limit.” -- Poison for the soul
This disease of Pleonexia is not limited to hoarding wealth. In the Greek definition, Pleonexia refers to the pursuit and accumulation at the expense of others. This defines how a person like Elmo Musk can take taxpayer dollars (subsidies) to fill his pockets while simultaneously cutting off aid to the poorest people on the planet. The suffering of others is the point. There is a sadistic joy in hurting people. They take as much as they possibly can while allowing others to be injured…and reveling in the injury.
The German word is Schadenfreude, the Greek equivalent is Epichairekakia. Elmo is fine with taking away food and medicines from children and forcing seniors to starvation, but when people burn his shitty cars in revolt he is offended. “Tesla (Tesler) is a peaceful company.” He doesn’t get that people could give a shit about his cars. Elmo is thin-skinned and insecure, and he cannot understand how his joy over others’ suffering translates into a searing hatred for him.
This is a ‘man’ who spends all day trolling and shit posting mean and corrosive crap on his failed social media app, Xchan, and he’s offended at someone speaking out about his ketamide-riddled brain’s insanity. How could this possibly be happening? Look at me. I am brilliant, I am going to create a multi-planet species. Sure you are, Elmo. Sure.
What is Their Game?
To understand why the TESCREALists of Silicon Valley and the Christian Nationalists want people to suffer is simple. Debt.
The U.S. (and the world) is swimming in massive amounts of debt. The creation of fiat money has allowed for one of the most rip-roaring bull markets in history as the debt creation went directly into the financial sector and $50 trillion in wealth moved from the bottom to the top.
The problem right now is interest rates. 10YR bonds continue to hover in the 4.25/4.50% range and the annual cost of servicing the debt now outpaces the annual military budget.
They need the markets to crash so they can refinance $36 trillion in debt at lower levels.
There are a few problems though. Foreign investors are dumping U.S. debt as we lose our trustworthiness on the world stage. This year alone, the U.S. needs to refinance over $7 trillion of bonds. A crash would force the Fed to lower interest rates and allow the U.S. to refinance at lower levels. Other countries are in the same boat, but they are choosing to lower their rates far ahead of any decline in inflation.
Global banks are tipping their hands…they have been massive purchasers of Gold in the past year.
The result of this financial chaos may well be a protracted recession that leads to hyperinflation/stagflation. This is especially true if the Fed winds up being the buyer of last resort (printing more money).
Historically, the solution to these fuckups has been throwing a war…a big war. This is the end goal for the “CNP,” the Council For National Policy. The Christian Nationalists would like to see it all burnt to a crisp so Jesus can return and make it all better.
Right now, there is much historical fear in market sentiment. This is typically something associated with market bottoms. That is, unless this is going to be “The Big One.” Many analysts are showing bravado now. This is typical behavior in a normal ‘correction.’
However, engineering a ‘correction’ via tariffs to save some money on debt refinancing is a delicate undertaking. Things can spin out of control quickly. Particularly if consumers just stop consuming. Negative interest rates might help sell the debt, but it won’t spark an economic boom if people just say enough is enough.
At the same time, other nations will put the squeeze on American exporters, adding more pain to the stupidity.
Power to The People
The Revolution will be fought at the checkout counter. Our strongest weapon is our ability to create severe austerity for the ruling class. They cannot force us to buy “stuff.” They may use the military to shut down protests, but they cannot make us buy electronic goods at gunpoint.
Cancel all accounts with big retailers, spend only on essentials. Take away their oxygen.
If they want to engineer an interest rate decline through austerity, we give it right back to them in spades. The “Civil War” isn’t right versus left, it is top versus bottom…and there is WAY more of us than there are of them.
Hungary, Romania and Serbia are showing us how it is done. Mass protests, coming to a country near you!
Labor strikes, massive protests to literally shut down the economy. This strategy assumes that Musk isn’t simply in the process of draining Social Security, but everyone’s bank accounts. By owning the data, Musk could rob the entire country blind and then head off to Mars with his Android girlfriend. Maybe not Mars, but a country where he would not face extradition. Musk and Big Balls sitting in a tree.
Visit Indivisible, visit Tesla Takedown, visit Action Network. Drop Amazon, boycott META, leave Google. Shop local. The only ‘disposable’ income people should be spending is on markers and posterboard.
Vive la Révolution!
