Hello My Name Is


My first post here on the Agonist, and it seems the kind of place where an introduction is welcome.

Historian, Economist, Accountant, Writer, and blood sucking CEO. I have all the badges. Spent my life "biggering and biggering", studying, reading, and writing. Born just behind the Baby Boomers - too late to enjoy the ride, too early to avoid it. Stuck with the mess. Angry, but not bitter.

Some accuse me of being a Republican thug, others of being a "Far Left Loonie". I get both liberal and conservative in equal doses. I'm none of the above. Just a frozen Canadian. I never use one word where three will do, and just can't shake the drama that is human history. Bear with me please. I have a beef of course, which I will lay out below. My bias if you will. I hope to contribute here at the Agonist, where I believe I have found an intelligent, articulate forum where I won't get ravaged like I often do. Not that I care mind you, but I have never seen the benefit in argument with the blind who will not see.

A Crisis Carol
Aetius Romulous

At the close of World War II, the victorious celebrated their win by crippling the losers. It was a stupid age. Rabid Nationalism, teetering Empires, and the wailing of a new born industrial Goliath in the New World all combined to overpower a creaking and defunct world economic system that had long outlived its time. It was catastrophic international economic collapse that led directly to the evils of the two decades that followed: The "Roaring" twenties of unsustainable growth, and the inevitability of the hangover that was the Great Depression. Looking back, it is a wonder nobody could see it coming, but the second great World War - truly global for the first time - was nothing more than the reprise of a spectacle with a truly crappy intermission.

The dust hadn't settled when the sons of World War I - the fathers of the Baby Boom - met again to plan the sequel, determined this time to have an endless run and a cast of thousands. The International Economic Infrastructure forged at Bretton Woods in 1944 remains beneath the surface of everything we do on planet earth to this day. And, like the one that led to the first Great War, is now woefully - and dangerously - inadequate for the age in which we live.

However, as obvious as that fact now is, like the mid war brain trust that flushed everybody into the toilet in 1939, the current thinkers of our age seem hell bent on repeating history, racing to pull the plunger as the murky waters spin below. They can do no other. A single generation - the great cohort called the Baby Boom, the bulge in the snake, the privileged ones - is grasping and clawing to maintain a world order that has made them rich, fat, and stupid. Their attempt to prop up a world built only for them, at the expense of all of us left behind, is criminal.

We, those who follow in their wake and must clean up their mess, should not sit idle while our planet is mortgaged for their comfy and secure retirement. In the early days of 2009, it seems that all is coming apart. It seems that way because it is. Eventually there will come a point where all the lines intersect, all the forces of nature meet, and this crisis will force change of the most fundamental kind. We, then, have a choice to make. Sit back, relax, and enjoy the ride, or get off the damn roller coaster and do something about it.

Charles Dickens said in his own time, in the person of that eras evil money lender Ebenezer Scrooge; "Are these the shadows of the things that Will be, or are they shadows of things that May be, only?.... Men's courses will foreshadow certain ends, to which, if persevered in, they must lead...But if the courses be departed from, the ends will change". He was fighting the industrial revolution and the ills of mercantilism, but Dickens plea remains as fresh today as it was then - change isn't just possible, it's necessary. Our courses have foreshadowed certain end, which, if preserved, they must lead. But if we can depart those courses, the end will surely change.

Good enough for me. I'm in.

http://screambucket.blogspot.com/


AetiusRomulous February 5, 2009 - 11:44am
( categories: Global Financial Crisis )

I take it you have read "Confessions of an Economic Hitman"?

jtruett February 5, 2009 - 12:08pm

Any Good?

AetiusRomulous February 5, 2009 - 12:44pm

to the subject matter of your essay, sort of. Documents the systematic raping and pillaging of resources in "third world" countries by our powers that be. Lack of ethics and all that. The author was employed by the "govt" as an economic hitman.

jtruett February 5, 2009 - 5:33pm

I did read a book review. A soldier in the army of liberal economic theory...reports to Milton Friedman. Worked at the IMF ? Pretty gruesom. Thanks for the tip...now I gotta check it out LOL

AetiusRomulous February 5, 2009 - 7:41pm
Don February 5, 2009 - 7:13pm

Your subject line had my brain flip a non-sequitur...

-5.75,-4.05
"God gives men a brain and a penis, and only enough blood to run one at a time." -- Robin Williams

justadood February 5, 2009 - 8:01pm

at the beginning of A Crisis Carol, I think you meant to write WWI, perhaps you have sticky keys?

good piece. I watched the 1951 version of A Christmas Carol w/ Alistair Sims w/ great interest this year. It's a Wonderful Life, too.
they seemed so particularly timely this year.

welcome to the agonist. seems like you'll like it here, since you appear to be able to hold two opposing thoughts in your head at the same time. and your description of yourself matches the readership of the agonist to a frozen canadien T.

As for your thoughts on "entitlement reform", (that's why you're here, isn't it?) what are your proposals?

dk February 5, 2009 - 8:31pm

I proofed that too early. I'm a dead guy without supervision LOL. Nice eye though ! There are places that would have caught me a whole wack o' trouble. Thanks

As for "entitlements", its not so much reform I don't think. I have absolutely no problem with entitlements of any kind (I am, after all, Canadian)that benefit the the larger community in some way. My issue is with a system that was never designed to last longer than a generation, and the final pillaging of wreck while it collapses. I'd prefer one that maintains benefits for the entire planet generation to generation, and prevents the pillaging of one for the benefit of another. Kind of a "Gods eye view" of the thing if you will.

AetiusRomulous February 5, 2009 - 10:00pm

Statistically, the boomer group is mostly living hand to mouth. The prognosis is grim, because they have no one behind them in the demographic chain to support them in their old age. At least not the way they supported their parents, with pensions and social security and medicare (the last two of which were wealth transfers from the children to the parents). It was all relatively painless for the boomers because there were so many of them compared to the elderly.

Now we are entering a reverse situation, just like Japan which reached there first, and which is going to put most boomers into an economic state just above the poverty level. The ultimate of all cramdowns will be imposed on social security and medicare. The boomers will get nowhere near the benefits their parents got or which they were expecting.

I don't think Gen X or Y or whoever follows is going to be cleaning up this mess - they are going to be dragged into the mess. No one will prosper. Maybe the lesson here is to avoid demographic bulges and impose some sort of population control. Of course, by the time we get around to that we will all be worrying about a much more serious problem - population decline.

Numerian February 6, 2009 - 8:18am

I suppose mine is a generalisation, and refers more to a world the BB leaders built, with the support of the entire cohort while they were, you know, the only game in town. In another time (like last year?), the cost (and demographic problems associated with that cost) would be a major issue facing not just the US, but the entire planet. Of course it is moot now, as the slowly suffering BB's really have absolutely no hope at all. They will be dead before this shit show is turned around.

I do however disagree on those of us left in the mess, and feel we certainly can make the changes necessary to bring balance and order to the planet. Not that it isn't a big job, but that the alternative is simply gruesom should we not try.

AetiusRomulous February 6, 2009 - 3:35pm

Looking forward to more.

Lex February 6, 2009 - 9:28am

... and welcome.

ww February 6, 2009 - 4:21pm

as Molly Sugden was won't to way - it's great that you've found the Agonist. It's a particular pleasure to welcome another Canadian into the fray - especially a blood sucking one (so long as you're not David Frum, of course - but that's another story.)

By the way, I always thought that Bonifacius was a jerk, too. What with the Vandals and all that.

Teach us something. Have fun.

Chickadee February 6, 2009 - 5:56pm

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