The Collapse of Debt
(FEDX Cutting Manager's Pay and Retirement!! 12/18/2008 9:13pm PT)
(Tribune Bankruptcy - Bad Sub Prime Lending at its Best)
(Atlantic Records - Digital Sales Exceed CD sales - Uncounted Independent Numbers Needed)
(FEDS Fear Deflation - Federal Open Market Committee's Oct. Minutes 11/20 9.48pm)
(Collapse Changes Way 2008 U.S. Presidential Campaigns are Conducted 11/04 7:59am)
(Deflation - Recession - Depression What Next 11/02 11:56am)
(a raw outline - The Collapse of Debt by Clarence M. Wigfall - this page will be updated and modified as time progresses and as links and other additions are compiled and created- comments and citation with credit to the author are welcome)
"destroyed by madness, starving, hysterical naked..." a.g.
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the Collapse of Debt Only makes sense when we factor in the impact of the Internet.
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It's like Passing through the Mirror in Alice in Wonderland and the institutions and industries that we see collapsing today have pre Internet business models that cannot pass through the mirror of the Internet economy and are therefore doomed.
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this is a natural and inevitable consequence of the profound changes wrought by the change in the way humans interact in a networked world.
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Pre-Internet Brick and Mortar business models cannot continue to survive in an Internet Age.
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we have been expecting this to occur. Why haven't those in charge of major institutions and Governments been paying attention? In many instances those in charge are now only feigning ignorance having milked the system for their own well being and are now walking away from their collapsed and dying corporations and governmental positions with huge profits and golden parachutes given to them by their compensation committees. The vast majority have simply not grasped the impact of the Internet and are now attempting to patch a system that is dead and being replaced by an Internet based economy.
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high level Economists can only study and analyze the models that they know and have a vested interest in preserving.
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the day the World Wide Web appeared spelled the end of all of the major Financial and Production institutions of the world as we know them.
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history shows Entertainment Industries thrusting into the future with the Pornography Industry paving the way to the creation of the first major Internet Commerce Model developed by companies like CCBill .
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at the same time the Collapse of the Music Industry Monopoly showed the fate of business models that fail to adapt and destroy their outdated Production, Distribution, Marketing and Retail structures.
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now Financial Models are Collapsing in the same fashion with World Governments showing their complete ignorance of the Moment by their attempts to stop the inevitable by Internationalizing the World Finance Industry.
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these efforts will be as ineffective as the efforts of the Music Industry to stop the World Changing Effects of Internet Commerce, Communication and Data Transfer.
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underlying the Collapse of Pre-Internet Financial Institutions is the Ultimate Collapse of World Corporate Conglomerates as Brokers and Controllers of World Power.
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as the Collapse of the International Finance and Corporate Hegemony accelerates, the structure of World Government as it now exists is Collapsing without the power of the failing Finance and Corporate structures to uphold them.
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this Collapse is being presaged by the Collapse of Pre-Internet Media Models including Newspapers and other Print Media and all Broadcast Media.
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even as these Pre-Internet Mass Communication entities attempt to put a Pre-Internet spin on these Post Internet events their Financial base of viewers, readers and listeners is disappearing.
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this is why traditional Mass Media reporting is becoming increasingly confusing and out of touch rather than illuminating and giving a sense of understanding of the events now known as the Collapse of Debt.
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all Illusions of Security are being wiped away including:
Retirement Funds
Money Market Accounts
Stock Value
Securitized Mortgage Instruments
Bond Values
Treasury and other Government Notes
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the Collapse of Debt is a Force of the Nature of change brought by the Networking of Human Civilization. Any attempt of analysis and understanding of the Collapse of Debt that misses this central fact cannot hope to arrive at a credible or viable way of coping with the changes that are now occurring.
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it is the End of the System as we know it. It is the end of a Process of Change that has been occurring and accelerating since the inception of the Internet.
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we are Witnessing the Tipping Point of the weight of these changes.
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those who grasp the Nature of these changes now will assume Post Internet Life and Business Models and Strategies and will emerge, and are emerging, healthier and stronger as they exploit the demise of the Choke points of Pre-Internet World Power and Commerce.
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the Revolution is not being Televised because Pre-Internet Media Outlets cannot comprehend the forces that are destroying them. Their vested interests and foundations exist in the Pre-Internet Age.
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this Revolution is being Streamed, Blogged and Commented on - Simultaneously and in Real Time 24 hours a day, 7 days a week with no Commercial Breaks.
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real Content is produced by and for the Audience with No Government, Corporate Structure or Monopoly System able to Control or Direct it.
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in this Post Internet World Every Voice has equal weight - Networked Humanity deciding for itself which are most relevant.
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the Immaterial, Ethereal Internet has become the Center of all Creation and the Locus of Current Creation/Destruction Processes that are Enveloping All of Humankind.
