Credit crunch, messed-up lives and victim.

The credit crunch creates anger. Anger that individuals feel within, and it builds up and at certain times, by virtue of being ever ready to explode, instantiates its force in ways that depends on the person's ways of expressing built-up anger.

He was a quiet person, a manager in some company, lost his job, became depressed, taking anti-depressants, isolated himself within the walls of his apartment, his comfort zone. He fell off the window in his block of flats, his body laid out for hours, before it was taken away, said the person I had this conversation with. Messed-up lives of individuals a result of the gambling games banks, entrepreneurs played in the pursuit of bigger and bigger profits on the back of our societies, a ghost of a growth that offers nothing for individuals in societies. A victim of the credit crunch.

What happened certainly would not be deemed worthy for public media to include in their broadcasts, exacerbated by the prerogative of for accuracy, cast as mere hearsay part of noise our bustling world creates every moment, but it makes no difference where it is coming from. As whoever receives it will evaluate its worthiness and use it to create or re-enforce meaning (ref) within itself, the meaning of, how out of touch monetizing societies are from the lives of individuals amidst them. The messed-up lives they are responsible for.

Anger has a force that could lead an individual to create new ways of thinking, new approaches in the affairs that have to deal with in their every day lives. It is creative

But that alternative is only open once an individual realises that they are not the last cog in the wheel, the insignificant part of an engine that is powerless to do anything, to effect any changes in their lives and the lives of all other people around them.

Individuals that feel their consciousness swamped by the plethora of messages that come through the mouths of politicians or other agents that speak out and express opinions out of their own standpoint only, a standpoint that expresses the values of the current societies which are wholeheartedly devoted to maintain the current status quo of the wealthy against the interests of all the rest of the individuals.

What politicians say worth nothing for the majority of the individuals in all societies. Societies are built to favour the few to the detriment of the many.

But that is not the case. Governments and states are precarious holders of power, as they are allowed to do so, and they are allowed to do so by the large body of individuals in societies, the real holders of power.

All governments and states they will run into gallops and opinion polls, at any moment, to assess what that large body of us thinks of any acts, political or whatever, they have in mind to follow.

But do we pass the right message to them? In the current states societies are, deeply divided in so many little groups, and so easily conquered? Driven by the incessant pursuit of the handful of money, that represent the crumbs they throw at our tables, if any one compares what the wealthy are putting into their coffers to what the rest of the individuals in societies get.

Even the whole concept of wealthy and poor is unreal, a construct devised to separate, to divide individuals in societies, messing-up the minds of individuals branding them as poor to their subsequent submission by the power-hungry members in societies.

Slumdog millionaire it says, hailed by them media, showered with oscars, its sole purpose being, to rekindle within the minds of individuals the thirst to become millionaires. Any one can become a millionaire, the film proclaims, even a slum dog from Delhi, feeding us with dreams, fallacies. Disgusted, useless, wretched values and while humanity deep in dreaming, the millionaire-dream-fallacy, they will have the chance to make more money out of them. More profits.

Vile are the politicians who utter these words: to assist the poor, the weak in our societies, because any one knows, that this is anything but. That instead they will devise the laws, or whatever comes into their minds, to suck up even more of their blood, for the benefit the wealthy.

Services and goods cost more, in corner shops, in power cards, in loans with loan sharks proper with 189.2% typical APRs hideous, vile operators with only sense left is amassing profits with no affront at all advertising it in their websites. The most disgusting aspect is that they feel at ease, societies not only tolerate but favours and nurtures them, the double talk of politicians and the monetizing rules that societies are plagued by.

The time is not far, that not just to expose how filthy they are, they are already exposed in the minds of people, but that would not even dare not simply say, but even to think or even dream of that profits are above and beyond the individual.

'Corrupt assets' or 'toxic assets'?

Relevant thoughts

- Toxic assets…
- Let banks fail, says Nobel economist Joseph Stiglitz
- Toxic assets?

I read in the post Toxic assets…

I felt they should be called “corrupt assets”… Wikipedia defines “corruption” as…
~~~~ ” …Corruption, when applied as a technical term, is a general concept describing any organized, interdependent system in which part of the system is either not performing duties it was originally intended to, or performing them in an improper way, to the detriment of the system’s original purpose….” ~~~~


I find the approach correct and certainly the term 'corrupt assets' should be used instead of 'toxic assets', just an attempt to lull public opinion to accept the measures proposed, something along the lines, of what is meant by the phrase, .... to make the pill easier to swallow.

I will take it further that this crisis is not a hiccup of the system world economy but a much more fundamental issue, something intrinsic and inherent in global economies currently in force. Something equivalent to genetic.

They can not be anything else but corrupt or toxic, as their sole reason of their existence is the accumulation of assets, for individuals that already possess enormous assets. Beyond what real economies of real individuals require. The wealth out of the services and products, the world over, siphoned through the banks and all other economic institutions, its bulk filtered, into the pockets of this handful of individuals.

Money goes to money. In a few words corruption or even toxicity is and it will continue to be the end result of such economies. Stimulus or anything of the sort, a pure waste.

Toxic assets?

"... instead of an illiquid toxic asset."

... so toxic assets are illiquid? Can not be liquidated into hard cash? Can not be re-possessed? Regular payments are made but this is not what they want. They want to have the money the property worths right now, not later. But where did all the cash they had, went? It was swallowed by the entrepreneurs? They left no cash at all? Or even, being invested further into god knows what other instruments to make more money? To talk about greed is a commonality that offers nothing. But what can be said about, is the insipid feature of capitalism, its intrinsic tendency to grow big and devour all other competitors, says a lot. There is an insatiable hunger in accumulating more and more that adds nothing at all for the individuals in societies. Burgeoning corporations full of hot air, they were bound to deflate sooner or later.

And now what? Do they demand another round. They want to be rescued? What for? They are bound to follow exactly similar paths, their insatiable hunger for more and more profits, is genetic. Their Darwinian trait, their intelligible mark that guides their evolution. They can not get away from it.

Banks and similar corporations bear no trust, deserve nothing. Let them default.