viral credit

"the masters of these might, perhaps, live upon their substance, but the traders were universally at a stop, and, consequently, all their workers discharged." danile defoe. a journal of the plague year

everything old is new again? i started my sunday by filing an unemployment voucher, not having seen the inside of my part-time workplace in nineteen days and with , at least, another thirty to go...again, i am solvent...if the state should deny me again this week because my employer provided one last payday before the "furlough" then i will survive...i am still concerned about some of my peers...this is the way of the system however...the paradigm's formal values say that ownership reaps profit because it takes risk...well..we are all at risk and ownership works long and hard to defer risk elsewhere ( and we will get into the transubstantiation [ it is a miracle of our times] of private loss into public debt soon enough )...

the paternalistic government's cooked numbers say unemployment is, in the words of the times, "around 13 percent"...guessing again...

over at shadowstats ( http://www.shadowstats.com/alternate_data/unemployment-charts ) they have it pegged at 22.9 percent and that does not include the 21 percent of "discouraged workers" who have given up..you may accept the government's expediently cooked books ( remember, the times is the "paper of record" and so a mouthpiece ) or not...depends on what you want your comfort level to be...over on the parallel corporate governance side...

there's public money for private debt to be had...however corporate government is indignant at the possibility of civil government's intrusion into their prerogatives...the government has promised that if it retains corporate stock as collateral for loans they will not use the proxies to interfere in internal corporate affairs as shareholders...however the possibility that the civil government might require them to maintain staff levels to keep cash flowing into the hands of workers has them indignant..how dare the government interfere with commerce to protect the lumpen proletariat! unacceptable intrusions..they may take their economy and go home...

meanwhile one of my banking institutions wants me to keep my credit rating limber and well oiled just in case i might want to enter into another cycle of debt...they are delusional if that is what they are thinking...this is no time to be going into debt...and yet because of the way the system is structured millions will be...and the paternalistic government isn't going to take care of them they way they take care of corporations...the formal values of the system aren't structured that way.