Is it too far-fetched to say that there is an unacknowledged underclass in America? I refer to Savers. The entire political and economic system is set up to punish them, steal from them. Even in normal times the Federal Reserve manipulates interest rates to be less than the real inflation rate. The Federal government lies about the inflation rate of course. All the goodies go to the majority, the Debtors.
And yet, this underclass won't riot tomorrow. Idealistic students won't hold candlelight vigils to dramatize the injustices carried out against them. "Bernanke versus the American Saver" isn't on the docket of the Supreme Court, in its next session.
I am making an absurd comparison between Savers, the unterMensch of modern America, with the Nazi's Jews. Think for a moment about Star Trek: the Next Generation: how would the comparison look to one of the Federation's (hidden) observers, who used to land on strange planets and hide in a high-tech duck blind to observe the natives.
Before the Great War, they would have seen Germany as one of the most civilized nations of the world, from the viewpoint of literacy, philosophy, science, their university system, music, and technology. There were Jews who excelled and became prominent in those fields. The Federation's observer might have concluded that Germany's Jews were model citizens. Germany should have been proud of its Jews.
Of course their religion was different. But how long had it been since Jews seriously worshiped JWVH or EL? Didn't they really worship Being-Jewish more than anything else? Later, when Nazism took over, Germans became obsessed with nationalism, tribalism, ethnocentrism. In a weird sort of way, the Germans had learned to become good Jews. And yet the Enormity happened.
In contrast, Savers in America
hold values that are deeply repulsive to the majority. There is
one god, Easy Credit, and Keynes is his prophet. The religion of Debt is defended by an established church, the Federal
Reserve system. It has a high priest, Ben Bernanke. Savers are heretics, infidels, un-American.
But
instead of inflicting overt cruelty on this
subversive minority, the Debt Culture
merely confiscates the wealth of this despicable underclass, and slowly but surely, reduces them to poverty. They are told to walk in the gutter, and they meekly obey.
OK maybe these last two posts were silly mind-wanderings. But it was constructive for me, at least, in helping me to enjoy another of Polanski's masterpieces.
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The Modern unterMensch, part 2
by
theBoonie
on Sat 31 Oct 2009 08:00 AM MDT | Permanent Link
Comments
Re: The Modern unterMensch, part 2
by
The Box Canyon Blogger
on Sun 01 Nov 2009 06:03 AM MST | Permanent Link
Silly, yes... but true, in that a "savors" "nest egg," that was built with blood, sweat and tears and time is being dug out of the sand like sea turtle eggs, swallowed up by Wiley Coyote (read those who like to push the "reset" button, or "level the playing field").
And wall street bucks reality, creeping upwards (read false optimism generated by corporate gurus) tempting us with 5 percent returns... the minimum we counted on to sustain our "nest egg" so we can eat... instead of the 1.5 percent bailed out banks are paying. A net shrinkage ensues and we all scramble for a service industry job and guess who's happy to get the additional tax revenue? Yep... old Wiley himself. mark Re: Re: The Modern unterMensch, part 2
by
theBoonie
on Sun 01 Nov 2009 07:39 AM MST | Profile | Permanent Link
Say, you've given me an idea for a future essay. Thanks for the comments.
Once again, you should consider yourself lucky, Mark. In Keynesian America you are paid a negligible but still positive nominal interest rate. (Is this a great country, or what?) In slightly-more-socialist Sweden, the nominal interest rate is actually negative. When are the Keynesians going to follow through on their convictions and criminalize saving money? |
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