Triumph of the Spectacle

When truth lies MONEY MANNA dies, no "bread" fills breadbox now

Finally, in a sign that Chinese authorities are worried about potential contagion, the banking regulator has set up a task force to examine risks at Zhongzhi. The concern is Zhongzhi becomes unable to draw sufficient new investment to replace maturing funds - in other words it is no longer a functioning Ponzi - increasing the risk of more missed payments, said Dinny McMahon, an analyst for consultancy Trivium China and author of China’s Great Wall of Debt.

“When investors start to lose faith, then all of a sudden an outfit’s ability to continue to raise new funds becomes more difficult,” McMahon said. “Then the potential for defaults to cascade becomes more and more.”

O this is so amusing. All know the BRICS have lost faith. I bet if the Time Dollar concept got legitimate backing in this dullard economy our total economic collapse could be a hard landing and transition to a more sensible economic order.

I am not yet returned to toil. Resumes fly like arrows of ice melting well before read online. By mid-September if not jobbing my savings are gone.

Leisure the basis of culture is replaced by outdoor toil as inside toil has no use for adults.

Picking litter off street at $19 hour for 40 hours a week as a civic duty until the weather changes to being windy, cold and wet could put bread in my breadbox until a real job comes around but for now it is summer and my only river of hope to the Pacific is underground, forgotten since the Gold Rush, reduced to a tiny trickle flowing from Nob Hill to the Pacific and since about 1860 in a queer tunnel the waters of De Nile are emptied next to the Zoo into the Ocean. I say to myself, “Dude get a real job like 10 years ago that paid the bucks, you are able to shoot hoops on the phone.”

I seek work to continue a life of genteel poverty in this downsizing economy. An economy where ignorant youth of 25-40 command $100,000 because once upon a time they were whipped at Oracle, Microsoft, Yahoo, Google, somewhere where they were expected to be whipped and did present the whipped pitch. I do the same job at least as poorly and likely better is not considered.

Shall I toil for fools or be my own fool in toil? No Longshore work now.

In fact, it appears no work for cash renumeration is forthcoming.

And here I am in a simulacrum of Regency London, The Regency era of British history is commonly applied to the years between c. 1795 and 1837.

$2 Quadrillion Debt Precariously Resting On $2 Trillion Gold in 2022.