Universal Love TRTT Part 6: The Undiscovered Ken

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It's working exactly as intended.

From the time of the Magna Carta up until the Industrial Revolution, the ability for serfs to own land saw the rise of a middle, merchant class that had none of the responsibilities of governance or leadership but had the benefits of being materially rich. Those that had enough money to buy land could own taverns and shops without being excessively taxed and so eventually - over the course of hundreds of years - they rose to have fabulous amounts of wealth. However, because they were still under the servitude of a king/queen, they could never have ultimate power.

The solution was to create forms of credit with rates of interest so that the merchants would be able to take from the people their means of livelihood if they didn't pay. A form of financial slavery. Then by the time of the industrial revolution, these merchants realized that in order to truly be in power, they needed to wipe out a large portion of those that had no need of loans (since there was no products that you would need to go into debt to buy) while profiting from the new mechanized production systems - hence World War 1, followed by the Great Depression and World War 2...all of which were systematically engineered to enslave the population and their governments into massive amounts of debt as consumerism heated up.

What they feared most was the people rising up and creating their own form of Manga Carta against the merchant class. This is exactly what Marx and Lenin advocated, which is why Communism is so hated in the Western world. It's also why China sees themselves as the hope of the world through their OBOR policy.

The world is sinking back into a situation where there is no middle class. It will be just the wealthy and the serfs...but the serfs have this illusion of power, because they are 'better off' than those who are poorer than they are. Is it the wealthy that support those poor on welfare? Nope, it's us poor serfs. That's why people are time poor - their entire wage is going to servicing debts, superannuation or tax.

The end result is that instead of leaving an inheritance to your children - which is how most wealth is generated - people are now just spending it up because it's the only time in their life they actually have to enjoy themselves.

That's why when I see those Crisco campaigners, I'm just incredibly sad, because that's exactly where everyone is headed...and they don't even realize it.
It is sad but people make their own life choices and smashed avo is tasty.

A big mortgage with low wage growth is a killer. Right now you need over $200k for a deposit on a standard house in Sydney. Madness. More and more people are just giving up on owning a home. I agree that the middle class is being eroded. I see it as splitting into a group of life-long renters (live reasonably well but no wealth) and another group of landlords (live well, have wealth but not rich). Our economy is heavily reliant on dirt and housing. Dirt isn't looking so good at the moment and housing has peaked. The next few years are probably going to be tougher than most people realise.
 

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Grave Danger

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Will Erin Phillips/Bec Goddard make Top 10?

I was surprised that Erin wasn't SA's candidate for Australian of the Year - she's won everything else. Maybe SA isn't quite as progressive as they'd like the rest of Australia to think it is.


Edit: I'm sure SA's candidate was excellent in every way
 
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JimmyBeerCans

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Was a friends wedding. I couldn’t make a scene. I’ve since split almost completely from that group. I was right on the verge of being cast out anyway.
Not rocking up at a wedding is a good way to cut the cord with friendships hanging by a thread too I've found
 
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