‘This was in my prayers: a measure of field not so
big, where I might have a garden, and right next to
the house a spring that always flows. Up above a small
stand of trees. The gods have provided more amply
and even better. It’s fine, and I won’t ask for anything
more, Son of Maia, except that you might make these
gifts really mine.’ - Horace
Dave Pollard and C.A. Fitts on the financial crisis, which is clearly a moral and political crisis. Bankruptcy spreads from domain to domain. Both Dave and Catherine would counsel us, as I counseled my daughter today, to invest in real wealth, in living things, and in our commonwealth of gifts and giftedness, in a more financially intimate world dealing face to face with those we know and trust. Invest, told my daughter, in living things, friendship, community, in practical skills, and what you carry between your ears. To be fair, Catherine would also tell us to invest in or start local businesses that provide needed goods and services without stripping the ecological or community wealth: financial permaculture. We should all now see that the economic and political system will be gamed and bubbled by insiders to their advantage until the Chinese will no longer take our debt, even at gunpoint. Then we endure the "structural adjustments" that we have imposed so imperiously on third world nations. Whether this matters to those whose assets are offshore and whose loyalities are to those like themselves, above it all, I don't know. We are just another country to be fleeced. "Tend your own garden," ancient advice from the wise in earlier empires on the verge of collapse.