The corporation of the man – John Pierpont Morgan, who had saved the American economy in 1907 – is now running the country down, 5 years after 2007.
Running America is akin to serenading a snake.
In a country founded on the social aspiration of confining itself to be a part of the natural order and not above it, the laws of nature are the order of things, political and economic.
Conceiving the Anthropocene Age as an ecosystem – of man and beast in coexistence – and not the divine ordainment of man over beast and, hence, man over man – is an act of extraordinary genius that made the science of Benjamin Franklin invert the theology of his day and age with the classical liberalism of the European Enlightenment on July 4, 1776.
The symbolism of the cartoon of the conjoining reptile by Benjamin Franklin during the American Revolution could only have happened if it was enjoined by the enlightened self-interest of the economics of the Scottish enlightenment: in virtue.
The absence of virtue, the responsibility of the individual seeing himself as an honest part of the community in his self-interest, as the eagle soars, can cannibalize the snake notwithstanding that the eagle has derived its nourishment from the snake, ultimately toward its own end.
When people who constitute the system prey on the framework that holds them together, lawlessness reigns in the guise of self-interest. The system preys upon itself invoking the wisdom of John of Gaunt about Richard II’s England.
(William Shakespeare, Richard II, Act II, Scene I, John Geilgud as John of Gaunt)
For America since the coming of the motion picture, Hannibal the Cannibal presents a ghastly and yet an inescapable metaphor: the criminally insane doctor locked up in a subterranean penitentiary in Baltimore, Maryland feeds those who prey on the system, both inside government and outside, alive first to themselves before eating them himself.
Derivatives and other market losses and gains these days, in agaping awe of Washington money dispensers since Alan Greenspan in 1987, run into billions of dollars. The millions had turned into billions when Hungarian-in-and-out American globalist George Soros raided the British pound to earn $1 billion on September 16, 1992 forever ending the crooning of Mr Banks in Mary Poppins from about 90 years before. It can happen again. This time to the United States, 20 years after 1992, in 2012, as spring and summer turn into fall for the superstitious markets after the usual suspects have made a business out of advising peoples and governments to keep borrowing until they can pull the plug to rake in a fortune as central banks around the world rush in to save the system.
Managing the economy of the United States is akin to giving Wall Street a rope – either it hangs itself or uses it to herd the cows.
It is once again time for the cows to be herded by revisiting the recently enacted but yet to be fully implemented financial regulatory law before the system cannibalizes itself, for the hanging has already happened.