By Jon Ronnquist
February 23, 2009 “Information Clearing House”
One thing we should not overlook when taking in the impact of the current economic situation is that it is both inevitable and invaluable in equal measure. That there was no escaping the consequences we are now facing has been a well known fact among those in the know for many years. If anything, it is amazing that we have staved it off for so long. For this we have the hard working men and women of the real world to thank, who toiled on in the name of pride, dignity and responsibility until the burden of debt simply became to great to bear. A cursory understanding of the “pre-collapse” financial system and the inescapable debt trap it lays in the path of the majority who seek to survive within it, points clearly to the end we have now met. And while it is indeed tragic on an individual level, for the world at large this may well be a blessing of unprecedented proportions.
By Jon Ronnquist
December 08, 2008 “Information Clearinghouse”
Many have quite rightly argued that the forces which drive the sink-or-swim free market economy are beyond any conventional means of containment. Like a cancer which fights for its own survival at all costs, including eventually the host itself, so does the free market economy feed without consideration for the clear boundaries of sustainability, tolerance and fairness.
This is exacerbated by the universal debt based system of finance, which narrows considerations of profit into ever shorter time spans, thus creating antipathy towards long term visions and factors beyond profit, such as negative impact and future repercussions. For those who have understood this all along, the current economic implosion is not only understandable, but inevitable. Any parasite which draws more from its host than the host can sustain, will eventually kill it, and so we have what we have today. In this case the host is the working man, upon whom the burden of debt has been allowed to grow beyond his ability to manage, thus forcing a collapse at the very base of the pyramid.