I felt tired the other day. Then I was talking to a friend: "I'm so tired..." she said,"..and I was talking to a couple of friends and they were saying how tired they were. It must be something that's going around." Next day I was talking to the manager of a local restaurant. "The staff are all so lethargic this week. I can't think what's come over them. Everyone appears to be exhausted."It seems that when there are the signs of a depression, it's not just economic, affecting retailing and export. It's emotional, personal and all-pervading. Nobody has anything to be cheerful about, so everyone goes into a state of general mourning.
Sorry, guys, I just don't buy the idea that we're in some sort of accidental depression because the banks over-stretched themselves. They've been sending out credit cards with a £1,000+ credit limit as an 18th birthday present to teenagers for the last decade. It was calculated; they created an ethic of universal affordability of anything; a concept of unrestricted materialism. I am darned sure they knew exactly what they were doing. Gradually more and more of the population were sucked into the culture of living on maxed-out plastic. The bubble had to burst, and what the banks hadn't counted on was that when they pushed their customers to the wall, they themselves might be following close behind.
What I still don't understand is how the governments of the world suddenly found tens of trillions of currency to "rescue" their economies when there is never any money for schools and hospitals and clinics and welfare. It's the same as when there's going to be a war; there's always blood-money. Trillions are a bit of a joke because nobody can actually agree on how big a trillion is. The world is divided into those who use the "short scale" and those who use the "long scale." The short scale has increments of one thousand-fold, so that a billion is one thousand million. The long scale has increments of a million-fold, so that a billion is one million million. In not one piece of journalism in the past weeks of numerical overload have I read which scale we are working to. Is one trillion 1,000,000,000,000 or is it ONE MILLION times greater and would be written as the mind-boggling sum of 1,000,000,000,000,000,000?
And does it matter, anyway? Banks have never lent money that actually exists, they lend money that doesn't exist and pay for the gamble by charging interest. In the past decade they didn't cover their risk but were happy to do this because they would create an indebted society.
When I was at primary school the first record (a circular black vinyl thing that rotated at 78rpm) that I purchased was "Sixteen tons." These are the lyrics of the chorus
Another day older and deeper in debt.
Saint Peter, don't you call me 'cause I can't go;
I owe my soul to the company store...
Come to think of it, I feel really tired....

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