Growth for the sake of growth is the ideology of the cancer cell. Edward Abbey

29 May 2007

mortgage debt - the new road to serfdom?


I work in order to pay for a roof over my head, food, transport and so-called security eg medical aid, insurance, all that crap.

But I've been wondering what it would be like to not have a job.

Please note, I said not have a job. I didn't say not work, which is something entirely different.

I want to work, but not for a boss and not for money. I want to work to grow food, make things, create things, give back to the land and just for fun, but working to pay a home loan is just plain sad.

An acquaintance pointed me to an article titled "mortgage debt - the new road to serfdom" subtitled: an illustrated guide to the coming real estate collapse. It was published in harpers magazine last year and refers specifically to the US where house prices are soaring, more people are signing up for mortgages in order to secure "wealth" later on in life, but indications are that the property bubble will burst ... eventually.

I can't help but think similar trends are occuring here in SA. Only time will tell, but it seems a huge waste of time to sit in an office for 20 years in order to pay off a home loan.

Now how do I get out of this mess, hmmm?

Anyway, here's a brilliant quote from the article:

"More people owe more money to banks than at any other time in history. And that's not just in terms of dollars—$11.8 trillion in outstanding mortgages—but also as a proportion of the national economy. This debt is now on track to surpass the size of America's entire gross domestic product by the end of the decade."

it goes on to warn that:
"Even that huge debt might not seem so bad, what with those huge capital gains beckoning from out there in the future. But the boom, alas, cannot last forever. And when the growth ceases, the market will collapse."

and finally:
"when a business cycle turns down, debtors cannot pay, and so their debts are wiped out in a wave of bankruptcy along with all the savings invested in these bad loans."

Have a beautiful day, all you beautiful people ... oh and don't forget your monthly repayments!

21 May 2007

Rape-Antarctica

"Nothing describes the needs and motives of the present industrial empire so well as the final rape-Antarctica. This beautiful and mysterious land is literally the end of the world. It is the south end of the planet and it is the last piece of the planet that has not been plundered by the culture of empire."

Antarctica: Empire at the End of the World by William Kötke

Like the rest of the planet, Antarctica is dying. Reuters last week reported that the Southern Ocean around Antarctica is so loaded with carbon dioxide that it can barely absorb any more, so increasing amounts of the gas will stay in the atmosphere to warm up the planet. Researchers confirm that human activity is the main culprit.

The relatively small Southern Ocean accounts for a whopping 20% of marine photosynthesis and plays a pivotal role in deep-ocean water circulation. Antarctic deep-ocean water carries nutrients which feed billions of creatures across the planet. For example:
  • The phytoplankton feed millions of tons of krill.
  • The krill feed the baleen whales (those not hunted en route to the Southern Ocean), squid and small fish (such as anchovies which sustain the planet's exploding human population), crabeater seals, adelie penguin, and sea birds.
  • The krill also feed the large fish, weddell and ross seals, killer whales, leopard seal, gull and emperor penguin.
And now the hunt is on across the landmass of Antarctica for scarce resources ie oil and gas! Increasing overwintering human populations and hordes of camera carrying summertime tourists, are a threat to the Antarctic environment. A number of countries have had oil exploration teams and programs in Antarctica. If oil production begins, Antarctica will be finished.

As Kötke says, "That the industrial predators are preparing to dismember the Antarctic is plain.

"The most serious threats at the present are krill fishing, whaling, sealing, oil drilling and mining.

"Krill fishing has been commenced by Japan and the former USSR. Other countries are testing products made with the krill to try to find ways to make money from it. The life habits of krill are quite complex and little is known about them and little is known about the whole complex of krill and krill eaters. Nonetheless, the industrialists have charged ahead. Harvesting the krill could have serious effects. The nearly extinct whale species need it to revive their numbers and other krill feeders depend on it.

"There are pirate whalers who have connections with the Japanese fishing fleets in the area who are still killing the nearly extinct large whales. The large scale whalers of recent years, the Russians and the Japanese, are taking minke whale in the area but have not killed the endangered fin, blue, humpback or southern right whales as far as is known. Because of the expense of operating in Antarctica, exploiting the area is to a great extent dependent upon how desperate countries become for protein, minerals and oil. As ecological catastrophes and exhaustion of resources progress outside Antarctica, the likelihood of industrial exploitation of Antarctic increases.

"The approach of the industrial countries to Antarctica demonstrates that the essential dynamics of empire culture have not changed since the time of the Sumerians. The motive of immediate gain continues to take precedence over all other values.

11 May 2007

fck kfc


Make your own KFC sign at KentuckyFriedCruelty.com

Back from leave and ready to once again take on the monsters. Today I think kfc deserves a little stick!

According to PETA, the bastards have been known to scald live chickens, break their bones while they are still alive and I have personally seen a video on Carte Blanche, of kfc staff stamping on live chickens.

The best thing you can do is STOP eating kfc. It's unhealthy anyway. Why not find a local supply of free range organic chicken and eat that instead?