Ecumenical Economics: The Sanctity Of Money
If you ever had any doubts about money and economics being the new religions of the age the current Trump trade war ramifications in the bond market will put them to rest. Ecumenical economics: The sanctity of money. The hushed talk about the 10 year bond market interest rate rises, as the final word on Trump’s unsoundness is akin to the modern word of God. US debt is funded via these promissory notes for trillions of dollars and thus, we are talking serious money folks. In the high church of the global economy it does not get any nearer to the foundations of the entire deck of cards upon which the game of life in the commercial sense is spun.
“The bond market is a financial market where governments, companies and investors can issue, buy and sell debt in the form of — you guessed it — bonds. For governments, selling a new bond raises the funds needed to finance public spending, while a business might use the proceeds for corporate operations or an acquisition. In return, bonds provide investors with periodic interest payments, usually at a fixed interest rate, and guarantee the repayment of the principal at maturity.”
- (https://financialpost.com/investing/what-bond-market-why-everybody-worried)
More Money Means Everything In America
The moral unfitness of Donald Trump and his administration is neither here nor there for these final arbiters of the game of life. It all comes down to money. In the ultimate power stakes, you can cause the death and suffering of millions if there is a buck in it for investors. We have seen the United States become one of the wealthiest and inequitable nations on earth, when it comes to the wealth divide between the top 1% and the massively growing poor majority of US citizens. This acceleration has occurred via the neoliberal narrative sung loudly, since Ronald Reagan’s presidency, and continues to double the super wealth of billionaires every few years. The Trump administration is packed with billionaires overseeing the super sizing of their own investments in a frenzy of corruption and kleptocracy.
The Economics Of Grievance Politics & Trump
What was the old Christian religious cult? It was a promise of a better time of it in the afterlife, especially for millions of poorer folk. The allure of this has faded in more materialistic times. Show me the money! There is a greater demand for things in the here and now by the general public. However, despite this, they are still getting screwed by the oligarchs amassing tens and hundreds of billions like Elon Musk, Donald Trump and their ilk. The trickle down effect has failed to materialise, somewhat like the earlier promise of ever lasting life by the churches. Human beings are gullible folk at heart. Ecumenical economics: The sanctity of money has replaced the older beliefs. Many Americans voted for Trump because they believed it would bring them more money. They bought the lies about Liberalism costing them money. That the pie was too small to share with too many people.
The Worship Of Excessive Wealth
Too many Americans covet excessive wealth. They see this parade of extreme luxury as the promised land. It is a pity that they are so bad at math. If one man has $200 billion then it means that there are millions of folk not getting their share. In the last couple of decades the number of billionaires has grown from 80 to 660 in the US. There is no trickle down effect folks. That is a bald faced lie. These fat cats are taking the modest wealth from tens of millions of Americans and leaving them poor. If you celebrate the lifestyles of these takers, these robber barons, you are supporting inequality on steroids. The only power you will ever have is to band together with your sisters and brothers to protest against the betrayal of the American people by the wealthy elite and their politicians. Stop sucking up to people like Trump.
“I have been writing a fair bit about the aftermath of neoliberalism and its effects on governments and modern politicians. Click bait celebrity politics. The fact that now, more than ever, our politicians are basically just ‘talking heads.’ Familiar faces captured by the media’s cameras espousing sound grabs about popular issues. If you want to see how far this evolution has progressed take a look at President Donald Trump’s cabinet in America. Many of these prominent political figures are former TV and social media celebrities. This is the future made present in all its crassness. This is the long standing trend of style over substance carried to the nth degree. It is a very American thing.”
Robert Sudha Hamilton is the author of The Stoic Golfer and America Matters: Pre-apocalyptic Posts & Essays in the Shadow of Trump.
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