Pondering the week’s reports of the presidential Boeing that South Africans are to invest in for President Jacob shower-head-become-the-spear Zuma, a few interesting questions were drawn to mind. One of those was to do with why any head of state would need a (according to some reports) three-hundred seat luxury aircraft. Counting his numerous wives and children, a few colleagues and friends, a friend for each child, a boy-toy for each wife (after all, they need to “get some” as much as he does, surely?), and of course a Gupta or three… even if I were Julius Malema counting on all my fingers and all my toes, I don’t think we would quite make three hundred people!
And so we look for other reasons for the extravagance, and come up with the old keeping-up-with-the-Joneses factor. Of course this should obviously have been renamed by now to “keeping up with the Mugabes” or the Obamas even. But then I remembered something: JZ cannot comprehend such things: he never needed anything to keep up with, and if he did it would only be Viagra!
Calculating two billion Rand as a “cost per citizen” we come up with an amount of only forty Rand! Is that too expensive a gift to our top executive? Maybe if we think about the added cost of the jet-fuel that would be spent playing with the new “toy” we could move that up to fifty Rand per South African?
Did you notice that I never said “tax-payer”? Of course we only have around fifteen million taxpayers for the fifty million citizens, so let us revise the figure accordingly. Now we come to around R140 per tax-payer! Any gift made to a government representative needs to be declared when it is valued that high, but this “gift” is not even requested from us, the citizens… the order seemingly has already been placed!
But can we really blame our highly-paid, poorly-educated chief of staff for this gross over-spending of our hard-earned money? After all, President Obama also feels he can do as he wishes, starting wars without approval of Congress. Yes, and that is JZ’s “big-brother”! (Okay, I think our JZ may be the heavier “brutha” after eating a lot of Cyril’s Big Macs, but I’m sure you understand the term.)
A very clever move would have been to abuse the most protected form of public robbery in the world: the banks! Barclays was embarrassed by scandal again over the past week: fitting indeed, although yet again they are only playing fall-guy for the even more scandalous World Bank and International Monetary Fund (IMF) and the like. (I wish our own Barclays subsidiary in South Africa would face a similar audit: our bank-charges aren’t anywhere near being traceable!)
Actually our little bank-charges form but a ripple on the ocean of world debt. National debts have been created by the IMF, World Bank etc, and these are not going away. In fact, they have been given out at such an astonishing rate that I wonder if there are actually enough stock-piled mined commodities to cover the on-paper debt! Blame it on the Bilderberg Group, or if you prefer, the US Federal Reserve Bank.
Why the FED? (And I will keep this explanation very brief, although hopefully not inaccurate.) Well the Federal Reserve is the current provider of the US Dollar, which it prints in abundance, and then loans (yes LOANS with interest) to the US government. Because it is the international reserve currency, it is not required for there to be any commodity stock-pile to back up the value of printed notes… of course this situation lends itself to massive misuse; and we are seeing the effects of this in the world economy, which gets worse and worse daily, even with the manipulated highs that we also see from time to time.
Why does it deteriorate? A simple answer is: because it is based on loans. The interest made on the repayment of the loans is what keeps the “elite” getting richer, feeding off the interest payable for bad debts. And where did the “money” come from for the loans? Well I don’t think it would be too far from the truth to suggest that it came from the Federal Reserve, loaned to the US government, loaned to the IMF group, loaned to the Euro Zone, loaned to the World Bank, loaned to the South African government, loaned to our banks, and loaned to you and me.
But what about the US government’s debt repayment? Well, when last I checked the US government was exposed in debt to the tune of more than 16 TRILLION dollars… more than their GDP! In other words, if EVERY American were to work without taking a cent salary for the entire year, but still spend as if they had earned, there would still not be enough dollars’ profit to settle their debt. Or as Clem Sunter explained last year: “Assuming no interest on the debt, to pay off the projected US debt at $1 a second or $32m a year – which would stretch the pocket of even Bill Gates – would take a period of 17 trillion seconds which is roughly 531 000 years”.
Add some compounded interest to the above and you find a situation that is impossible to work with. “But it’s not so bad,” say the advantaged Americans? Wait until the US market-stimulation ability dries up… wait, the 2008 property crash all but swallowed that already, which is why the debt-ceiling was raised yet again. When the economy is failing what is the next most reliable way to stir up a nation’s patriotism? Well…. I hate to mention it… it is WAR! (I wonder why the US military is so busy in foreign lands these days?)
And so we continue, paying our banks, paying our taxes, paying no attention. Paying our bribes, paying our extreme petrol prices, paying our tolls, paying no attention. Praying for protection, praying for peace, praying for relief, paying no attention.
JZ will most likely get his Boeing in time for his second term in the office of big chief. Our poor will get poorer. Our middle-class will work, work and work, paying no attention. Our bankers will continue to cut staff, keeping their massive buildings open to preserve the idea that they have a reason for charging such high fees for a computerized system; so that people won’t realize the diminishing staff levels at the branches. Our welfare-reliant majority will at some point realize that they are not able to survive on the dwindling government payouts, and the “Tenderpreneurs” will not make the payments on their BMWs, Mercs and Bentleys.
The chess-board has been laid out. The white team made their move; the black team is in play. We are the pawns. Sooner or later the many pieces will become few. Will someone win or will the few remaining pieces support a stale mate?