James Quinn's  Instablog

"The real hopeless victims of mental illness are to be found among those who appear to be most normal. Many of them are normal because they are so well adjusted to our mode of existence, because their human voice has been silenced so early in their lives that they do not even struggle or suffer or develop symptoms as the neurotic does. They are normal not in what may be called the absolute sense of the word; they are normal only in relation to a profoundly abnormal society. Their perfect adjustment to that abnormal society is a measure of their mental sickness. These millions of abnormally normal people, living without fuss in a society to which, if they were fully human beings, they ought not to be adjusted." - Aldous Huxley - Brave New World Revisited

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The political class set in motion the eventual obliteration of our economic system with the creation of the Federal Reserve in 1913. Placing the fate of the American people in the hands of a powerful cabal of unaccountable greedy wealthy elitist bankers was destined to lead to poverty for the many, riches for the connected crony capitalists, debasement of the currency, endless war, and ultimately the decline and fall of an empire. Ernest Hemingway's quote from The Sun Also Rises captures the path of our country perfectly:

"How did you go bankrupt?"
Two ways. Gradually, then suddenly."

The 100 year downward spiral began gradually but has picked up steam in the last sixteen years, as the exponential growth model, built upon ever increasing levels of debt and an ever increasing supply of cheap oil, has proven to be unsustainable and unstable. Those in power are frantically using every tool at their disposal to convince Boobus Americanus they have everything under control and the system is operating normally. The psychotic central bankers, "bought and sold" political class, mega-corporation soulless chief executives and corporate controlled media use propaganda techniques, paid "experts", talking head "personalities", captured think tanks, and the willful ignorance of the majority to spin an increasingly dire economic descent as if we are recovering and getting back to normal. Nothing could be further from the truth.

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http://www.theburningplatform.com/?p=52862

I haven't provided a 30 Blocks of Squalor update in quite a while. I generally don't like to repeat myself, so I wait until I see something particularly disturbing, stupid, or outrageous. The well is now filled on all accounts and I'm ready to unload. The joys of West Philly are multi-faceted. I've been getting off at the Girard Avenue exit of the Schulkill Expressway for six years on my way to work.

The Philadelphia Zoo parking lots are located directly in front of the exit ramp. I then proceed to 34th street and take my little shortcut through the hood. About one year ago, a construction project began on the existing parking lot at 35th and Girard Avenue. I had no idea what they were building and why. Before long it became evident they were building a big ass parking garage. I was stumped. The zoo had multiple existing parking lots that were NEVER filled. As the months went on I realized they were building the Shangri La of parking garages with a majestic glass tower in front. This is the final result.

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I began to wonder who came up with the money for this monstrosity, because the Phila zoo is a money losing non-profit that depends on donations for its continued existence. As I was driving down 36th Street a couple weeks ago I noticed a brand new sign telling me I was entering the Centennial District. That's funny because I thought I was entering the slums of West Philly where no one works and everyone has a iPhone.

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http://www.theburningplatform.com/?p=51422

We've got $1 trillion annual deficits locked in for the next decade. We've got total credit market debt at 350% of GDP. We've got true unemployment exceeding 20%. We've had declining real wages for thirty years and no change in that trend. We've got an aging, savings poor, debt rich, obese, materialistic, iGadget distracted, proudly ignorant, delusional populace that prefer lies to truth and fantasy to reality. We've got 20% of households on food stamps. We've got food pantries, thrift stores and payday loan companies doing a booming business. We've got millions of people occupying underwater McMansions in picturesque suburban paradises that can't make their mortgage payments or pay their utility bills, awaiting their imminent eviction notice from one of the Wall Street banks that created this societal catastrophe.

We've got a government further enslaving the middle class in student loan debt with the false hope of new jobs that aren't being created. We've got a shadowy unaccountable organization, owned and controlled by the biggest banks in the world, that has run a Ponzi scheme called a fractional reserve lending system for 100 years, and inflated away 96% of the purchasing power of the U.S. dollar. We've got a self-proclaimed Ivy League academic expert on the Great Depression (created by the Federal Reserve) who has tripled the Federal Reserve balance sheet on his way to quadrupling it by year end, who has promised QE to eternity with the sole purpose of enriching his benefactors while impoverishing senior citizens and the middle class. He will ultimately be credited in history books as the creator of the Greater Depression that destroyed the worldwide financial system and resulted in death, destruction, chaos, starvation, mayhem and ultimately war on a grand scale. But in the meantime, he serves the purposes of the financial ruling class as a useful idiot and will continue to spew gibberish and propaganda to obscure their true agenda.

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http://www.theburningplatform.com/?p=48749