Apocalypse now?

As the system started to reach inevitable collapse, the state moved in with bank bailouts and quantitative easing, both of which simply moved yet more money from ordinary people to the super-rich. In fact the last three years have seen the biggest transfer of resources from poor to rich in human history.

It cannot last, and whether it is Greece or Italy or Spain which is this week’s fashionable media focus is irrelevant. In making these vast levied and leveraged transfers of resources from poor to rich, states have exhausted the capacity of their people to actually pay them. That is true all over Europe, the UK and US. The currency crises are a tiny symptom of a very large impending crash.

That is why I am not blogging about today’s EU meeting or a specific statement of the US Federal Bank Chairman. They are all pissing into the wind that is shortly to be a tornado. I expect before I die I will see a genuine social revolution. I expect that, as always happens, middle class liberals like me will start by being elated by it, and end up being shot by those who seize on the change, to take their turn to use the power of the state to corner resources for themselves. 

Craig Murray: blog post entitled Capitalism in Crisis.

I don't know whether we're really looking at an apocalyptic future that includes a violent reaction to the class war started by the rich in the Reagan-Thatcher years (which they have been winning ever since), followed by an Animal Farm-style purge by the post-revolutionary elite, or just a few more dreary years of our culture's obsequious Stockholm syndrome-style love-in with the tiny minority who keep slapping the rest of us about (while we channel the resulting anger and frustration into slapping the even more weak and powerless about).

It's starting to feel less like business as usual and more like the prelude to interersting times.