ancona
Praying Mantis
The recent food stamp glitch and resultant free-for-all that occurred in a few areas highlights a few things about a segment of our society that the MSM dutifully ignores in everyday reporting. During a systems check this weekend, food stamp cards went off-line for a few hours and an awful lot of people went bananas in a very short time. When the system started to come back on-line, folks began to realize that their cards did not display a limit anymore. That is to say they were able to purchase as much as they liked and the card was accepted, even though their limit had already been reached. With the magic of instant messaging and text messaging, word spread like wildfire. Soon, a number of retailers were overwhelmed with people loading up the carts with ‘Mo free shit’.
I watched some of the footage and it reminded me of Katrina looters simply taking what they wanted and then acting justified when confronted because after all, “We’re poor and those rich store owners can afford it”.
Folks, this was just a short term [a few hours or so] gap in availability of .Gov entitlement money and look what happened. People devolved in to mob packs in a matter of a couple of hours. It was a gross display of immorality and complete lack of ethics on a very base level, quite disturbing on its face really. Imagine what happens when shit gets cut off for real. What do people do when told “Sorry, the EBT system is off line for the foreseeable future and you have to pay cash for those groceries”. People will go ape-shit in one quick hurry. I’m talking about cities on fire folks. I’m talking about nationwide looting and burning on a scale to make the Rodney King riots look like a playground dispute over a football.
Listening to these people try and justify the outright theft of goods was astonishing, absolutely astonishing. They were happy and gleefully gloated about how they “Beat the man” and how they were taking their ill gotten booty home and coming back for more. There was a carnival like atmosphere about it for them and they saw absolutely nothing wrong with helping themselves to something they neither deserved nor needed. They simply stole until the system was repaired and the party was over.
Folks the time to prepare is now, right now. We’re coming up against a hard deadline to make some sort of deal in the congress, and if they let it slide past the 17th, all bets are off. When US bond rates become untenable, the world will tell us where to go and it will all become moot in one quick hurry. Interest rate swaps cannot be triggered or we will feel the full wraith of the banksters and their dark pools of money. Collateral calls will take it all down in to a smoking heap. The banksters know this but they will do it anyway, each of them thinking they will be the first to collect their collateral and so will be insulated from crisis. The problem with that is there is so much re-hypothecated collateral that the chains of ownership will break and the ensuing chaos will bring down institution after institution leaving many, if not all of those holding what they thought was insurance, nothing.
I will not make a time-line call here because that would just be irresponsible. What I will do is remind you that “they” have managed to hold shit together for far longer than most of us thought possible, but can they hold back a wave of redemption calls on half a quadrillion worth of interest rate and credit default swaps? Can an ocean of money that large simply be printed up to cover everyone and keep the system whole?
I can’t answer that definitively, but it is my position that they cannot.
It may be time to put on those big boy pants.
I watched some of the footage and it reminded me of Katrina looters simply taking what they wanted and then acting justified when confronted because after all, “We’re poor and those rich store owners can afford it”.
Folks, this was just a short term [a few hours or so] gap in availability of .Gov entitlement money and look what happened. People devolved in to mob packs in a matter of a couple of hours. It was a gross display of immorality and complete lack of ethics on a very base level, quite disturbing on its face really. Imagine what happens when shit gets cut off for real. What do people do when told “Sorry, the EBT system is off line for the foreseeable future and you have to pay cash for those groceries”. People will go ape-shit in one quick hurry. I’m talking about cities on fire folks. I’m talking about nationwide looting and burning on a scale to make the Rodney King riots look like a playground dispute over a football.
Listening to these people try and justify the outright theft of goods was astonishing, absolutely astonishing. They were happy and gleefully gloated about how they “Beat the man” and how they were taking their ill gotten booty home and coming back for more. There was a carnival like atmosphere about it for them and they saw absolutely nothing wrong with helping themselves to something they neither deserved nor needed. They simply stole until the system was repaired and the party was over.
Folks the time to prepare is now, right now. We’re coming up against a hard deadline to make some sort of deal in the congress, and if they let it slide past the 17th, all bets are off. When US bond rates become untenable, the world will tell us where to go and it will all become moot in one quick hurry. Interest rate swaps cannot be triggered or we will feel the full wraith of the banksters and their dark pools of money. Collateral calls will take it all down in to a smoking heap. The banksters know this but they will do it anyway, each of them thinking they will be the first to collect their collateral and so will be insulated from crisis. The problem with that is there is so much re-hypothecated collateral that the chains of ownership will break and the ensuing chaos will bring down institution after institution leaving many, if not all of those holding what they thought was insurance, nothing.
I will not make a time-line call here because that would just be irresponsible. What I will do is remind you that “they” have managed to hold shit together for far longer than most of us thought possible, but can they hold back a wave of redemption calls on half a quadrillion worth of interest rate and credit default swaps? Can an ocean of money that large simply be printed up to cover everyone and keep the system whole?
I can’t answer that definitively, but it is my position that they cannot.
It may be time to put on those big boy pants.