Crime Against Humanity: Booms & Busts, the So-Called “Business Cycle”, 2
The phenomenon of “ups and downs” is both a consequence and an indicator of a PTS condition: where there is one there is the other, and the point is, there are no other causes to ups and downs than a PTS condition.
If you consider as examples of “downs”, say, the crashes of 1929, 1932−1933 and 2008, you may get an idea of how serious this PTS condition thing can get.
And that is the reason why I decided to list here the so−called “business cycle” and its PTS ups and downs as another crime against humanity in itself: the order of magnitude. When you throw a nuclear bomb and wipe away a couple of million lives immediately and another couple million lives at your leisure, well, that’s definitely a crime against humanity in itself, quite in addition to any other crime perpetrated, isn’t it? Back to the examples above, just try to conceive the sheer amount of hope, growth and momentum accumulated by a whole people during decades of expansion, and once you got an idea of its total amount, imagine the extent of casualties – human as well as “economic” – when that total amount is made to collapse all at once on all that people’s heads, with ruthless premeditation. If that’s not a crime against humanity, then tell me what qualifies as such.
Even tough some may find hard to believe that it is possible to profit from busts, actually there are endless ways to do so. Roughly speaking, we could say there are three levels of exploiters employing three different strategies.
The small fry gamble and thus end up with speculative bubbles in their hands with the fuse lit; consequentially some – or all – the bubbles can get out of their hands and blow, and when that happens they don’t want to be the ones to lose their hands. Hence their pressures and sleights of hand to palm the bubbles off on someone else before the fuse runs out – just like in the cartoons. Their loot is that of a chain letter, a Ponzi, pyramid scheme: the one who loses out what the others profit is the one left holding the bag when the fuse runs out.
