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Blog>Current Events

Reykjavík Rising

“Only when the last tree is cut, the last fish is caught, and the last river polluted; when to breathe the air is sickening, you will realize that wealth is not in bank accounts and that you can not eat money.”

attributed to Alanis Obomsawin, 1972

Four Horsemen“, 2011. Renegade Inc. Accessed 17 Jan. 2022.

97% Owned: How is Money Created“, 2012. Independent POV. Accessed 17 Jan. 2022.

Reykjavik Rising“, 2015. Conscious Collective. Accessed 17 Jan. 2022.


Blog>Current Events

Protest Based Stimulus

Although I’m only directly influenced by the US of A’s foreign policy, the US of A’s internal politics mean nothing to me. However, the following program was so inspirational that I almost wanted to tweet about it.

 
Blog>Current Events
Blog>Opinion

Crisis Infographics

The following info graphics serve to explain the different aspects of the current global economic crisis in understandable language. Basically governments are over-borrowing to pay for the different facets of government; war, bank-bailouts, economic bailout packages, along with the regular costs of running countries.

When the debt to GDP (ratio to debt) of a country gets too high they have to continue to finance the interest on the government debt, leading to a deficit in national income. GDP being the ‘gross domestic product’, the amount of income per capita (citizen) that a country generates. Eventually the debt gets too high and this means that the country can either default or print more money (causing hyper-inflation).

The system is based on secrecy, because if it was clear how much money major countries are in debt then the financial / investment markets would become unstable, giving the governments unfavorable credit ratings, causing investors to move to other markets and generally causing economic decline. An integrated facet of the current school of economic thought is that the economy must continually be growing in order to pay off the ever growing national debt. If the economy would reach a no growth or decline situation than the interest on national debt could no longer be covered by national income (unless taxes were raised). However a continually growing economy is an irrational thought because the earth and her resources are finite, eventually leading to a no growth situation (which is predictable and agreeable). In this leveled off or no growth situation national debt becomes impossible to pay off. The current economic paradigm is therefore impossible to sustain.

The American 2007 (+/-) homeowner crisis

Japan’s 2012 Debt Problem Visualized

Food Speculation

Less to do directly with the crisis but more so about the nature of international business on a large scale. Our current paradigm and system allow for economic exploitation at the cost of regular citizens.

   
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“In a decaying society, art, if it is truthful, must also reflect decay. And unless it wants to break faith with its social function, art must show the world as changeable. And help to change it.” – Ernst Fischer