Debtocracy
$honkey come lately landed in a flash, the private sector expected high flying fashion from an alleged wizard of the international financial world. He's not one of those innocent blokes who got caught up in the wrong place at the right time while contemplating divorce because he couldn't support his family after redundancy instead he was merely trying to make a day's work selling financial packages. The wonders of the technology took a spin and wow, a boom came to light for mortgage sales and $honkey made a killing. He is known for a smiling assassin than you might know, that attracted the business moneytable.
He quickly adapted to the tricks of the trade, and had high expectations of his ambitions and earning maximum gain for his multinational world. He promised not to cull the public service, or cut funding for preschoolers education, and or healthcare.
And as expected, on his first week in office the smiling assassin went to the public service with an axe. Children's early education funding was slashed along with healthcare for the elderly. GST was raised to 15% and Working for Families benefit was also removed as single parent mothers have to find work.
$honkey, the smiling assassin was still smiling. His strategic program is visible on the material, but in fact it's multilayered. He attacks the public service front while his right hand man bulldozed his way through justice and society. Stripped is the material off legal ties as the establishment gave way to private business corporations and multinational sector. What used to be the binding aspects of the family stability, labour force was dug out of its foundation to give way to employer power and multinational access to the local market.
And at the same time, citizens are regulated against their claims of right and monitored for public protests.
A public propaganda is created by a public scandal to redirect attention away from the truth. Controversies surrounding an issue of public interests are taken advantage of to disguise a real plan of direct funding of private contractors in an attempt to fix something that doesn't exist.
The transfer of wealth and resources from the public sector also follows the disestablishment of labour and their family, the beginning of the destruction of the market. Direct funding of the private sector has left ex-workers redundant without work and without money. This is the consumer population the market depended upon. Instead unemployment began to accumulate social consequences which then demanded health care and lower costs of living. At the same time, without workers the consumers have no money and the business sector has thus failed to generate wealth.
Now the government has not only needed to borrow to bail out the private sector but also to borrow to sustain the accumulated social consequences. Two years in office and for the first time ever, the NZ economy had mired in deficits. Six months later the deficit increased and guaranteed to grow as the government has no objective economy and has no market. It had no choice but to accumulate debts in deficits and to borrow more before the NZ credit rating was downgraded. This would increase interest rates on loans and to follow inflation, unemployment in a downward spiral. New Zealand may be isolated in geographic location but not very far from the same financial woes shared by similar economies of the world.
Now, the organisation of society from a debt economy is here called 'Debtocracy', and the study of social relations of organisation based on debt is called 'Debtology'. $honkey has done it again, being in the right place at the right time for yet another National legend following from 'Freemarketing', 'Mother of all Budget', Socialist Children of the State, and now Debtocracy. BTW SCS is another National period marked by the destruction of the family where children subjects are used as a means of production.
I saw this word 'Debtocracy' for the first time last week somewhere and I didn't bother looking it up as I had a fair idea it was about the organisation of society based on the management of a system of 'debts'. Then immediately came to mind 'debtology' as the study of debts. I'm not going to make a systematic study of it although it is a popular word right now.
While it 's hot, it is still a bit weird to compare Debtocracy with Democracy when the former is subjective and Democracy is objective. How on earth can one make a living from borrowing alone only accounts for another financial scam; something like the government borrows to fund the private sector projects and the public sector pays for the loans and any losses. It is the original 'project strategy, now part of the economic system of Debtocracy. It just doesn't make sense and I'm glad I have discovered 'debtology' though even if there was such a word in existent.
I became aware of what I was doing there and then from the senses, form thoughts, and by action and eureka; debtology! So, debtology is an existential reality spanned beyond the here and now as the phenomenon is emotionally related to many lives in the whole world. It is when we come to realise our reality mired in someone else's debts that we share certain common feelings of anger, of hopelessness, and for some hope and wanting to do something positive to overcome it. Protest, vote, write, and ect, but not engaged in harmful and violent extremes. Watch out for those suspected ones...!
In the cause of discovering debtology, someone explained in details why Debtocracy makes the rich richer and poor poorer. A rich investor places his money in the bank for a 20% interest return. A poor man borrowed some money to make his ends meet for 30% interests. The poor man gives 20% to the rich and 10% to the bank in order to sustain a living. But the poor man cannot afford this in the first place, ends up 30% poorer, the rich man 20% richer, and the bank 10%. Is it that simple or what...The government borrows to fund the rich and expect citizens to pay for it!