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Old 09-24-2019, 03:49 AM
Danny B Danny B is offline
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,851
Desperation everywhere,,, especially for Dems

Socialism is the firewall between the non-producers and,,, Darwinian pressures. Democracy is socialism-lite and, always, eventually breaks the bank. What happens when computers displace so many productive workers that all that is left is parasites?
At one time, bankers did an expert appraisal of the moral and financial qualifications of a prospective borrower / enterprise. In return, they received a fee. At one time, the State guarded the liberty and prosperity of the people in it's domain.
The current arrangement is; the bankers and the State are pure parasites with very little regard for the actual producer. This is nothing new and, generally continues until the system blows up. The manipulators grow rich and, the producers grow poor. The beggars, bankers and bureaucrats greatly outnumber the producers.
As crony-capitalism robs the producer, socialism starts to look more attractive.

America was founded as a democratic republic to try to find a balance between fascism and democracy. Creating the federal reserve gave fascism a big boost. The balance necessary to preserve a democratic republic suffered greatly in the drive to create an American empire. Fascism has run it's course and, the treasury is just as empty as it would have been under socialism.
Our faux democracy gets the blame.

Democracy Doomed the Money System By Bill Bonner September 19, 2019
"But most of America’s $72 trillion in debt cannot be repaid. It was used to buy consumer items – tuna sandwiches, vacations, automobiles, pills – and to pay for the feds’ many boondoggles – drones, surveillance, and giveaways.
There is no investment return from this kind of spending."
Not one mention of war.
"And since it was a consumer-based expansion rather than a capital investment boom, there will be no stream of income flowing from it to pay off the debt."
Yes, the military consumer has a budget of $1 trillion a year but, strangely has misplaced $23 trillion.

"Democracy is a scam. The plain people vote. But insiders – the elite, the cronies, the Deep State – make the important decisions. And these few can increase their own wealth and power only by taking it from the many they are meant to serve – the public."
No mention of the israeli lobby controlling the district of corruption.
"Meanwhile, inflation does little for real wealth. Producing businesses, measured by the Dow 30 – the flower of American capitalism – were worth $11,500 in January 2000. Today, those stocks will cost you $27,000 – barely a 2.4-times increase.

You would have made twice as much in capital gains from low-risk gold as from high-risk stocks over the last 20 years."
American war protesters were shot and killed at Kent State University. It wasn't democracy that gave us unending wars.

"Negative interest rates are just the latest front in the post-2008 era of "extraordinary" monetary policy. They represent a Hail Mary pass from central bankers to stimulate more borrowing and more debt, though there is far more global debt today than in 2007. "
" Demand-side stimulus is the mania bequeathed to us by Keynes, or more accurately by his followers. It is the absurd idea, that an economy prospers by consuming and borrowing instead of producing and saving. "
Riigght Demand-side stimulus when wages are crashing
"Marxists think interest payments represent exploitation by capital owners lending to needful workers. The amount of interest paid in addition to the capital returned was stolen from the debtor, because the lender did not work for it (ignoring, of course, the capitalist lender's risk). "
Right, the CBs pumped in $247 trillion but, the lender "worked" for his money.
"Austrians stress the time element of interest rates, comparing the lender's willingness to forego present consumption against the borrower's desire to pay a premium for present consumption."
Warren Buffet has $72 billion in the bank. Just what kind of present consumption did he forego?
"Our job, among many, is to bring the insights of Austrian economics on money and banking to widespread attention before something truly calamitous happens."
The canary has died and, the horse has left the barn.

Mainstream Media Claims Middle Class Isn't Shrinking (By Redefining What It Means To Be 'Poor')
Theology Students Confess "Climate Sins" While Sitting In Front Of A Bunch Of Potted Plants...
Billionaire Hedge Fund Manager Paul Singer Hedges Against Upcoming Market Crash
UK's Thomas Cook Collapses After Rescue Talks Fail; 650,000 Travelers Stranded
Rabobank: There Won't Be A Trade Deal Breakthrough As China Would Have To Change Its Entire Economic Model
The Disconnect Between The Markets & Economy Has Grown

"With 1/5 of incomes dependent on government transfers, it is not surprising that the economy continues to struggle as recycled tax dollars used for consumption purposes have virtually no impact on the overall economy."

Chinese Firms Dump $40 Billion In Global Assets, Turn Net Seller For First Time In Decades
Raising cash
Karl Denniger.

"I have a new theory about where the 2020 election is heading: if the Democratic Party candidate happens to lose, the party’s lawyers will unleash a blizzard of litigation in every voting district where the outcome was a couple of thousand ballots against them. It will be the 2000 “hanging chad” fracas on steroids and they will go so far as render the election inconclusive, therefore provoking the most parlous constitutional crisis since the start of the Civil War. In other words, they will dare to disable the republic."

"Something or somebody will have to put a stop to these seditious turpitudes. The machinery of the law must be turned on the “resistance” and its operatives in the Deep State. Mr. Barr has the opportunity to do that. A globe of silence has enclosed his doings for many months. Impatient observers jump to the conclusion that the silence means he is doing nothing. I am not so sure of that. Given the purposeful hysteria ginned up so dishonestly in the press — and so injuriously to the actual public interest — don’t you suppose he would want to avoid tossing dynamite into that dumpster fire? By the same token, those actively stoking the dumpster fire are revealing their utter desperation. The unexpected consequence will be the suicide of the Democratic Party. But then people don’t necessarily get what they expect, they get what they deserve."

9/23 Forget stocks – money market is signaling possible troubles ahead – Forbes
9/23 Stock market’s eerie parallels to September 2007 should raise recession fears – MW
9/23 Thomas Cook’s liquidation wipes out travel company worth £1.85 billion – MW

A new form of war;
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