I haven't paid much attention to the mainstream for years now, and yet the dribs and drabs which do filter through on blogs catch my attention. I get excited, worried, frightened, the whole shebang. There's been some well-sourced rumours flying around for a couple of days now, that Greece will be forced/allowed (take your pick) to default in the second half of March (23rd). As part of this the major banks have been given advance warning, to give them a chance to protect their assets. The little guys will take the hit. Too Big To Fail means far more than rescuing 'systemically relevant' banks. It is about protecting the exploitation system, the state itself, the Hobbesian, inflexible hierarchy of rulers and ruled only a tiny minority truly benefit from.
This morning, Zero Hedge posted an article on the ECB's latest move, shocked that the 'Rule of Law' is arbitrary, can be amended retroactively, is not sacrosanct. But this has been so since forever. Cheap oil and the profits therefrom have merely masked it. Now that easy growth is impossible, the system is doing whatever it has to, to keep itself functional, and its core functioning is extraction of the ruled by the rulers. It's that simple. Here's a quote from Zero Hedge:
The ECB, on its own and without judicial or parliamentary review, has swapped their Greek debt for new Greek debt that is not subject to any “collective action clause.” They did this unilaterally and without the consent of any other sovereign debt bond owners of Greek debt. They did this without objection of any nation in Europe. They have retroactively changed the indenture, the contract made by Greece with all of the buyers of their bonds, when the debt was issued. There is no speculation involved in these statements, there is no longer any guesswork on what might be; the ECB swapped their bonds for new Greek bonds with the assent of the Greek government and it is now a done deal.What else were they going to do? The system is in an advanced stage of collapse. Whatever it takes, whatever must be sacrificed to survive, will be done. And this is a fight for survival. But this system cannot survive, too much has changed. We cannot grow economically as it needs us to, we are increasingly disenchanted with Consumerism, there is the Internet spreading information faster than the control structures can control, technology is rendering the work-for-wage model obsolete (if it isn't already), and easy oil is not sufficiently plentiful.
Our focus should be on what world we want to build in the new circumstances, not on the quickly-changing details of the economic and political day-to-day, as 'exciting' and horrible as they can be. This requires of us that we don't feed the beast. Don't vote. Consume less. Study alternative currencies. Support endeavours you resonate with which offer elements of the new, such as gift economies and renewable energies, organic farming or permactulture, etc. Don't send any money, or send as little as possible, to the mainstream media. And make your voice heard, maturely, patiently, humbly, in independent outlets, among friends and neighbours. In such little steps we can contribute to a more gentle collapse of the old, a more vigorous emergence of the new. It is not that we rush childishly into the sparkly future, rather, we act in accordance with reality, foster our and others' common humanity and civility, and be as constructive as possible.
It is not going to be easy, and I strongly suspect terrible tragedies lie between us and whatever new stability results from all this upheaval, but this is how history unfolds. Change is difficult, profound change profoundly so.