And I thought the banks were supposed to be repentant, and had learned their sub-prime lesson. Cash handouts were made by the government to keep the ol' he-con-o-me [economy] going and they were going to be good.

So is it any surprise I find myself deluged with even more 0% interest teaser credit cards with super-prime rates of 15% or more after the sting is in. And unlike the "good times" every single one comes with a transfer fee so its really 3% interest. Nope, you can't fool me, but I'm sure there are many in-debt mortgage payers going for broke in these babies only to get sub-primed all over again.

I mean what gives? First its the energy crisis, then its the stock market collapse, then its housing market collapse (forgive me if I skipped a few there). Has the entire US economy finally simplified itself down to some perpetual tag-team pyramid scheme not unlike Orwell's perpetual war against Oceania, no scratch that East Asia, no scratch that. Anyway, you get the picture...

I would be a little less bitter but last night I watched, well listened to, Zeitgeist, that well known training flick for neo-conspiracists. It was nothing I hadn't seen already in separate pieces and from different sources but as a whole it certainly either beats you down or sends you away laughing at people's stupidity.

The one striking claim that I took from it was that the Federal Reserve bank at one time manufactured a collapse by pumping cash into the economy causing a spate of lending by small banks. Then a little while later they deliberately tightened the drawstrings causing thousands of small banks to fail and end up getting bought up at a bargain by the big guys - which was the intended purpose. I mean you really can't have just anybody loaning out money...

So as I hear about the billions being pumped into the economy by the central banks of the world, a rash of credit card offers to consumers, I keep wondering how long it will be before fiscal policy is tightened and the next boatload of banks will go tits up. Oh well, as the Captain of the Exxon Valdez said as he swigged on his tenth beer for the night and parked his vessel into the side of Alaska for the night - "It's all good for the economy!".

(Yeah, I know he didn't actualy say that, but it is - as government paid economists currently measure "good").

This is one solution to the fuel/carbon/resource crisis that few people are talking about - taxing production, human production. It's pretty clear a sure fire way to half consumption is to halve the number of consumers, it will just take 100 years to have full effect.

I guess China tried a variant on this a while back with their one child policy and it wasn't very popular or successful. The Australian proposal has the interesting twist that it makes procreation a luxury the rich can afford easily which surely has some unpleasant eugenic implications.