"Yes - crucial - look at the continuous generation of lies - consider that, rather like the flow of capital - it's not so much about adequation to some underlying truth as sustaining the illusion. As long as every lie is backed by another lie, an equivalent mendacity, the chain, the circulation, can carry on. What interrupts and deflates this vast accumulation isn't ultimately legal 'corrections', better oversight, meta-legislation, or even a semblance of justice in court, but disruptions to the preconditions of the network of lies. And these disruptions come from below, outside the chain of equivalents and self-confirming claims. As such August 2011 was a writing down, a mass audit, a lumpen Moody's correctly assigning UK justice and capital junk status. Another review of the books is overdue." Ben Seymour