Posts Tagged ‘fiscal crisis’

Could be a problem

March 1, 2019

Our nation slides toward oblivion in unredeemable debt.

But who cares? It’s only money.

The national debt will never be repaid. We all know it, but nobody talks about it because we’re lost and we’ve never been here before.

We’ve never been at a juncture in history where money doesn’t matter.

In ages past, money mattered, but it doesn’t any more.

If you’re one of the inequality lackeys you’ve got a meal-ticket on a card, or so I’m told.

If you’re one of the equality beneficiaries you’ve got an expense account on a chip in your billfold.

The real movers and shakers are all just electrons streaming around in netspace, racking up virtual debits and credits in a webbish world that strains to retain some ideal standard that hasn’t really existed since grampa died and gramma went to the nursing home.

We pretend that the national debt matters while our brave new worldview slips into blahblah debit card oblivia, along a slow slide of credita magnifica.

But we’re in a long, sluggish slide.

The leftish cadres analyze and strategize to death our slow slog into postcapitalist egality mediocrity.

Meanwhile back at the suburban ranch conservatives dream of pie-in-the-sky return to days gone by in which every man or woman set a course toward their own comfort and prosperity. Good luck with that.

All along the watchtower, our planet bleeds, while civilization recedes.

Our manifest destiny bleeds out as welfare mediocrity. We’re all on welfare, just haven’t admitted it yet.  We’re all leaning on the largesse of a depleting State. When someone trips the alarm we’ll be racing to the exits.

Common sense poses now as tweets, while common decency slowly but surely retreats.

Maybe it’s always been this way, but never before on such electronified magnitude as we have now.

Digiboard

BroknColm

What began in human history as sword-swinging  contention stealthily slashes through our sedated society as a hi-tek tirade of weaponized malcontent.

The imminent ideology showdown will not likely roll in as some entertaining video event. Rather, it may be a bloody mess, a severe letdown, or, as we used to say in the old country, a pain in the ass.

Might be a good time to get saved.

Turn or burn.   Travelers’ Rest.

Smoke

Et tu, Brussels?

October 23, 2018

Of course everybody who goes to Rome brings home mucho pictures. People travel there from all over the world to tour the originating sites of the ancient Empire; then they take a little chunk of early European history home, in the form of photographs.

When we were there, yes, we certainly did do the obligatory tourist ritual of snapping photos of the so-called Imperial City. You’ve probably seen classic images of the Roman ruins, which commemorate the Empire period of two thousand years ago.

But I was most fascinated with a relatively new structure there, Il Vittoriano.

Designed in 1885, inaugurated in 1911, and completed in 1925, this incredible monument makes an absolutely grandiose visual impression when you first catch sight of it.

VitorioB

You can see from this grand edifice that the Italians have never forsaken their proudly imperial self-image.

This morning, however, a Roman venue of a grittier sort—the Circus Maximus— was brought to my attention. In his Seeking Alpha post,

    https://seekingalpha.com/article/4213358-now-circus-maximus?isDirectRoadblock=false

Mark J. Grant used that  ancient racetrack as a metaphor for the  fiscal contest that is now heating up over in Europe.

Here’s what Mark wrote about the presently escalating Continental showdown:

“The new “Circus Maximus” will include all of the European Union and their population of 512 million people. Sit back and enjoy the grand spectacle as Italy has now presented its budget and the European Commission has sent it back. Rome then reacted to Brussels and stood steadfast on the banks of the Tiber and now the overmasters in Brussels and Berlin will hand down judgment, and likely some form of bureaucratic justice, that was not fashioned in Italy, but which Italy is expected to obey.”

The original Circus Maximus, however is just a dirt racetrack.

If you’re a boomer geezer like me, you may remember, from a classic race scene in the 1959 MGM movie, Ben Hur, Charlton Heston heroically outmaneuvering a less-than-honorable competing charioteer, to win the great chariot race.

  BenHur

That scene may or may not have taken place in the Circus Maximus of olden times.

The real Circus Maximus, where those famous chariot races usually took place, wasn’t conducted in the Colosseum. The actual site was really a huge dirt track, located near the Tiber River, beneath Palatine Hill, where Roman emperors and their hobnobbing hoodoo entourages could view the spectacle from an elevated, privileged position. Here’s what the real Circus Maximus looks like now:

CircMax1

Seeking Alpha blogger Mark J. Grant speculates figuratively on how the present European budgetary shootout at the Circus corral may turn out:

“The European Commission will likely wield the big stick. This is initiating its so-called ‘Excessive Deficit Procedure.’ This process has never been used before and will likely be tortuous for both Italy and the European Union. Fines have never been applied to any country, with previous breaches by France and Germany overlooked, and yet, there is always a first time.”

If Mark J Grant’s racetrack metaphor is indeed indicative of the present European Contest, we’ll see in the days ahead whether Italy’s impudent leaders can prevail in their fiscal rebellion, or whether they will go down with classic mutterings of “. . . et tu, Brussels?”

Smoke