Wednesday, October 01, 2008

Fight or flight?

No! I am not Prince Hamlet, nor was meant to be;
Am an attendant lord, one that will do
To swell a progress, start a scene or two,
Advise the prince; no doubt, an easy tool,
Deferential, glad to be of use,
Politic, cautious, and meticulous;
Full of high sentence, but a bit obtuse;
At times, indeed, almost ridiculous—
Almost, at times, the Fool.

This may be an existential moment for America; a "to be or not to be" dilemma. Still, not all of us are concerned with questions about whether to bail out the banks and brokers or to suffer the slings and arrows of market forces: some of us are more concerned about why God is allowing his chosen country to suffer.

The answer most satisfying to the Evangelistic ego of course is that, like most events tectonic and atmospheric, the credit crisis can be blamed on sex; gay sex.

Mark Krikorian, Executive Director of the Center for Immigration Studies posted on the National Review's web site that he is sure that Washington Mutual's collapse is to be blamed on open minded hiring practices and not predatory lending and the risky loans it produced. Hiring Blacks, Gays and Hispanics with no regard to their dirty minority private lives or unacceptable ethnicity pisses God off.

No, this whole debacle is about sex and tolerance, not money, not debt. God likes money far more than tolerance after all, and as the late Jerry Falwell told us, you have to give money to God if you want to succeed. But you have to stop giving money to people who believe in abominations like birth control, says Christian leader Mike Heath. The credit crisis is about our "sinful sexual culture, and the acceptance of gay unions"

So perhaps if I were Hamlet and had to choose between opposing our troubles and ending them: or to die, to sleep no more, to end the heartache. If I had to choose between caring what happens to this country and walking away, taking leave of the law's delay, the insolence of office, and the spurns that patient merit of the unworthy takes, I would simply sail away, another orphan.


Intellectual Insurgent said...

This "crisis" is a product of our sinful consumptive culture. A culture that believes it is a right to have 10 credit cards and max them to ensure possession of the latest gadget.

Capt. Fogg said...

I t doesn't help that we no longer have usury laws which permit 100% interest, or banks that connive to make people think they can afford what they can't afford, but this isn't just an American problem. There are crazy banking practices all over the world.

Intellectual Insurgent said...

There are crazy banking practices all over the world.

Actually, there aren't. Islamic banking bans interest for exactly this reason. In the Islamic world, if you want a house, you pay cash. No mortgages to get securitized, then transformed by voodoo into "derivatives" that foreign countries buy up to then predictably collapse in the ponzi scheme of fractional reserve banking.

Capt. Fogg said...

Christianity used to ban interest too.

As I have quite a bit of experience with exotic currency and interest rate derivatives in Europe I have to disagree.

Intellectual Insurgent said...

Disagree with what?

Capt. Fogg said...

Your statement that there aren't crazy banking practices all over the world.

I also disagree that a ban on interest makes for a healthy economy. Thousands of years of history argue the other way.