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Old 09-13-2019, 03:05 PM
Danny B Danny B is online now
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Join Date: Oct 2012
Location: L.A. Ca.
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war as a "cure" for economic doldrums

Here is an interesting graph of currency debasement.
https://2oqz471sa19h3vbwa53m33yj-wpe...lver-cycle.jpg
Much of the debasement was a requirement of financing wars.
Armstrong; "Trump is a borrower and only sees the world through his personal experience. The people with savings and pension funds are being wiped out."
"I fully understand that the talking heads on TV also portray the stock market from the borrower’s viewpoint just as Trump has done. Not everyone borrows and the big money does not. So if people believe what they want to believe. I prefer to assemble the largest possible database, correlate everything, and see how the world REALLY ticks. So believe what you want. There are always two-sides to a market so I fully respect that it is ABSOLUTELY vital that the major be on the wrong side for that is what makes the markets move."

Armstrong, ;"Willson took a rather interesting view of tariffs. He argued that the system of high tariffs
“cuts us off from our proper part in the commerce of the world, violates the just principles of taxation, and makes the government a facile instrument in the hands of private interests.”
Tariffs were really an additional tax on consumers which Trump does not understand for he is looking only at jobs which is typical. "

This is typical of Armstrong. He assumes that consumption is a given. IT IS NOT.
"The Revenue Act of 1913 reduced the average import tariff rates from approximately 40% to about 26% and the revenue shortfall was to be be made up with income taxes."
Keep in mind that the "Grace Commission" reported that not one dime of your income tax money went to support GOV.
"From 1914 until early 1917, Wilson’s tried to keep the USA out of the war in Europe. That did not sit well with the hawks in Congress."
"All of that said, on the one hand we have Trump against war, as was Wilson, but in favor of tariffs as a tool to win free trade ignoring that they are really a consumer tax and protectionism for overpaid jobs."
We absolutely can not have people receiving a "living wage". America was a high-price & high-wage economy. The money renters would like to maintain the high prices BUT, reduce wages. 3rd grade arithmetic tells you that this won't work for long.

"The Fed was originally designed to stimulate buying corporate paper directly when banks would not lend. Now the Fed stimulates by supporting government buying bonds from the banks who in turn still do not lend to support the economy in a crisis. The very idea why we needed the Federal Reserve has been completely reversed."
The mandate of the FED was completely distorted, first by FED head, Benjamin Strong and later by FED GOV demand that the FED buy war bonds.
"There was a major debt crisis in Europe, but not the United States. This is what wiped out Britain as it lost the crown of the financial capital of the world to the USA. "

Maybe GB should have avoided all the wars.
Side note.
Mike King, "But the one thing this dirty gang could never have accomplished by themselves was to trigger the actual war. As even the most geographically illiterate Boobus Americanus or Boobus Europithicus should know, neither the US, nor the USSR, and nor the UK shared a common border from which to make mayhem against Hitler's Germany.

France does share a border with Germany, but when Hitler permanently renounced any claims to the disputed Alsace-Lorraine region in 1935, a possible flash-point between the two rivals was diffused forever. "
"In November of 1938, the U.S. mid-term Congressional elections dealt a crushing blow to Franklin Delano Roosevelt's Democrat Party. With America still reeling from the decade-long Great Depression, absent some foreign "crisis", it appeared that the failed two-term President would not be able to seek a third term (He ultimately held office until his death in 1945). It should be noted that at this hard time in American history, prosperous Germany was enjoying full employment, a strong currency, the Autobahn, the Volkswagen, and a happy reconciliation between labor and the entrepreneurial class"

"and so, by 1939, the New World Order crime syndicate and the British & French chauvinists had nearly run out of all options and all propaganda pretexts for instigating another war against peaceful and prosperous Germany, as they had done in 1914. The last hopes for starting the war to re-enslave Germany rested on the shoulders of one man, and one man only. His name was Edward Rydz-Smigly -- the criminal fool who started World War II. As is to be expected, his name is virtually unknown outside of Poland. It's high-time this dirty, rotten, ego-maniacal scoundrel gets the posthumous "credit" he so richly deserves. "

"In 1939, supported from "behind the scenes" by elements in the UK, France, and the US (yes, Roosevelt was deeply involved!), Smigly was encouraged to ignore Hitler's sincere and generous proposals for resolving the bizarre and hated partition of Prussia that had caused tension ever since the end of World War I. At one point, Hitler had even agreed to give up claims to western Prussia in exchange for the return of Danzig and a 1-mile wide highway - railway passage linking Germany to eastern Prussia.

Believing that the western powers were truly behind him, the cowardly Smigly 'stood down' and allowed predominantly Jewish-Bolshevik terror gangs to attack innocent Germans; both within "Prussian Poland" and inside of German border towns as well. These gangs of Red "partisans", as well as other Polish ultra-nationalists, had been salivating at the prospect of triggering a Western "holy war" against Germany ever since 1933."
"By August of 1939, Germany had exhausted all efforts to reason with Smigly's gang. Earlier that year, the British and French had even urged Smigly to allow the Soviet Army to march westward, in the event that war should break out with Germany."
"On September 1, 1939, after all German attempts to reason with Poland, France and Britain had failed, and after the Polish military, at the urging of Britain, went on full mobilization, the Germans invaded Poland and liberated Danzig. On September 7, along with most of the government, Smigly ran from Warsaw as it came under attack. The immediate counter-attack promised by Poland's French and British "allies" never materialized.

Unbeknownst to the blinded idiot Smigly, the Allies had no such plans and fully expected not only the fall of Poland, but the entry of Stalin's hordes. The Allies only interest was to have an excuse to declare war upon Germany, and then wait for Stalin to attack Germany from the east, necessarily having to pass through Poland. Stalin was indeed ready to pounce on a distracted Poland, but his move against Germany was to be on his time-table"
EDWARD SMIGLY RYDZ: THE MAN WHO STARTED WORLD WAR II
The long and the short of all this was Anglo-american-french wars as a panacea for a failed economy.
The result of all this;
Did you know ...

... that just 3 days before the start of the history-altering genocidal tragedy that was World War II, Adolf Hitler pleaded for peace with Britain and France. His sincere overtures were ignored as the Allies, under the phony pretext of "protecting" their aggressive and militaristic Polish ally, declared war first!

HITLER'S SINCERE PEACE LETTER TO FRENCH PRESIDENT

Armstrong again, "This time, the debt crisis is systemic. The currencies are showing divergences as they did pre-World War I. But we have a socialist crisis whereas Western economies are collapsing unable to fund all the promises, as was the case with Communism in 1989-1991 in China and Russia. The central banks only keep governments on life-support and there is no direct stimulation of the economy. Every lesson from the past has been forgotten. We have put all the eggs in one basket (government) and we have politics in meltdown as republics are collapsing and the left v right is becoming much more intense which will, as always and without exception, lead to violence, civil unrest, separatist movements rising, and could result in revolutions which increases the risk of international war as politicians need a distraction from their failed domestic agenda.

It is just now our turn to rock & roll."
https://www.armstrongeconomics.com/a...-to-rock-roll/
Assuming the economy collapses, can Trump hold back the war dogs?
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