There is no “told you so” in this and I’m but one of a number of pundits whom regular readers know have predicted, since the general election, that the crash would come after the end of September and that it would be a “subtle” crash – the one no one would really know had happened.
It was always going to come, following a false high when things were going to look better for a while. You only have to read Karl, Jesse and others to know what was in the wind. The greatest scam in modern times has been perpetrated in the markets and it has the insanity of the late 20s.
It will come to a head in 2012.
It is, in terms of three decades ago, insane.
From the leaders and financial players, trickling down to everyday dealings between people, the rank dishonesty on display, the lack of a moral compass any more which we would have recognized a few decades back, the anti-heroes – uneducated and lowest common denominator – as the new heroes, the moves by government to stop us defending ourselves, the obsessive fanaticism for tickboxes by jobsworth HRs, ignoring talent in the society, the welfare list soon to be about 20-22% of the workforce, the ASBOs and no-go areas in cities, the replacement of productivity with consumption and services industries, based on hot air – it’s beginning to resemble the cityscape of Blade Runner and other dystopic movies.
It’s not quite Clockwork Orange yet with its bizarre overtones but that’s an evolution that I can’t see anyone preventing. It’s Brazil, with people in their boxes in penury and fear, only the vetted moving about freely [so far I’m still out of it, living in a village, away from the madding crowd].
It can fool you. You still take the same train or route on the road, see the same commuters, do much the same thing during the day, the landscape seems the same, the weather can be fine, you might still have a job and are very busy – all of that is still going and yet it has altered, like something from the Matrix.