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  • Danny B
    The welfare-warfare Statists from the mid-60s forced the closure of the gold window by Nixon in August of 1971. Remember that it is the Parasites who are most in favor of an elastic currency. The producers don't want the value of their work stolen by currency devaluation. The bureaucrats and bankers live & breathe currency inflation. The "State" may look like a governing body but, it is just a growing horde of parasites.



    plural noun: apparatchiks
    • historical
      a member of a Communist Party apparat.
      • derogatory•humorous
        an official in a large political organization.
        "Tory apparatchiks"
    Parkinsons Law states that this bureaucracy will grow by 6% a year. The money to pay them has to come from somewhere. You work about 1/3 of the year to pay all your taxes.

    Next, we suffer the burden of carrying the bankers. The gold window was closed in summer of 1971. By about 1974, our financial system switched over from being cooperative to extractive. The little guys got screwed by the millions.

    Once again, the rich got the laws they needed to fleece everybody.
    New research published Monday found that the top 1% of U.S. income earners have taken $50 trillion from the bottom 90% over the past several decades, and that the median worker salary would be around twice as high today as it was in 1945 if pay had kept pace with economic output over that period.

    The study’s authors, Carter C. Price and Kathryn Edwards of the RAND Corporation, examined income distribution and economic growth in the United States from 1945 to the present. The researchers found stark differences between income distribution from 1945 to 1974 and 1975 to 2018.

    Our wages and consumptive power are gone. Wall Street is trying to maintain the value of high-priced assets when the necessary high wages are long gone.
    "They" see no end to stimulus to try to maintain these nose-bleed valuations.
    9/18 US Treasury & the Fed are partners in crime ripping off Americans – RT
    Nobody can see a way to let Wall Street crash without it taking down Main Street.
    It remains to be seen just how this conundrum can keep going.

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  • Danny B
    5. From Winston Churchill:
    The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.
    Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy"
    Socialism has a 100% failure rate but, lots of people keep trying to make it work. WHY?
    Socialism results in the annihilation of motivation to produce.
    BUT, a large part of humanity do not possess motivation to be productive. They are only motivated to consume. Between inception and failure,,, these people are happy to live as parasites. Their numbers grow larger and larger. Their demands, greater and greater.
    As of 3 years ago, 51% of Americans received a check from GOV. The stimulus has increased those numbers.
    "How many Americans will get these payments? Roughly 125 million people will receive a check"

    The Central Banks have gone from war finance to social finance. They pump up zombie companies to keep the employees working. They prop up all markets to keep confidence going. It remains to be seen just how long this can go on. How many millions of people is the FED propping up? The FED has long focused on productivity and, for the most part, ignored consumption. That is all changing. Now, that C/V has popped the employment bubble, the FED is much more focused on Employment.

    All the hundreds of millions of people who are not part of the productive economy are looking for a new age,,, a new dawn,,, the Great Reset. They have championed the cause of socialism to put bread on their tables.
    The government workers, the bankers and the bureaucrats are all espousing the cause of higher taxes and electronic money. Socialism always crashes financially. Can digital currency change this paradigm? Will digital money reduce the number of parasites?
    Parkinson's Law states that a gov bureaucracy will grow by 6% a year regardless of work load. At what point does the parasitic drain become too much? Can digital currency change the outcome?
    A gold standard prohibits runaway currency expansion and runaway government. It acts the same on bankers who live & breathe currency inflation.
    Bankers & bureaucrats are only looking out for themselves. You are naive to believe that the State cares about you,,, outside of your role as a "tax donkey"

    You work 1/3 of the year to pay your taxes. 50% of the cost of anything that you buy is for finance. 19% for trash collection,,, 78% for public housing,,, 50% average. Do you think that GOV and bankers have any concerns for you.?
    It wasn't always like that.
    Charles Hugh Smith;
    "My 50 years of work have given me a ringside seat in how the economy has changed from inclusive to extractive.
    My colleague Mark Jeftovic explains how systems can be inclusive or extractive. Systems that automatically bail out the greediest, wealthiest socially-useless speculators via the Federal Reserve are not just extractive, they're exploitive and predatory. The Reversion Will be Mean.
    The economy was not dependent on endless asset bubbles and bailouts of the most venal speculators. The Federal Reserve whines that it has to bail out the greediest scum of the nation again and again and inflate one asset bubble after another because otherwise this sucker's going down."
    Greenspan started us down that road.

    "Now costs and regulatory burdens have soared to crushing levels. This plays perfectly to government bureaucracies, which have monopolies on the power to raise junk fees, penalties, etc. at will, and Corporate America, whose core drive is eliminate any and all competition so profits can soar on the basis of monopoly, not on superior products or services."
    Once again, all the wealth flows to paper-pushers.
    "Can we be honest for a change and admit that ours is an extractive system in which anything goes for the wealthy and powerful and winners take most?"

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  • Danny B
    Here is a headline out of the blue by a guy with an enviable record.
    9/14 Biden says stay in Mideast, increase military spending – Antiwar
    Well, a least the Dems give us a clear choice.
    9/13 DHS proposes massive expansion of “biometric modality” collection – Zero Hedge
    9/13 Chinese government combines ‘track and trace’ with social credit score – Summit
    It's ALL about State control to finance State bureaucracy

    PRIVATE BLOG – Official Agency New Report Warns Economic Damage May Take Decades to Recover
    Posted Sep 14, 2020 by Martin Armstrong
    NOT a chance with a falling population.

    China claims that it is no longer socialist /communist. BUT, you don't own the land under your house. As usual, the commies are going broke and, stealing private property.
    Something very wrong going on in OZ. Seems that you are running out of grains.

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  • Danny B
    I got my first erasure of the day.
    It is painfully obvious that the globalists are hard at work to reduce world population. The birth rate is falling EX-Africa but, that isn't fast enough for the globalists. There is a special plan for Africa;
    Population reduction is lightly accomplished by war but, heavily accelerated by disease & famine. Famine is a favorite of the British,
    Jun 21, 2010 - VIDEO: Omni Vegetation Plague hits the South near the Gulf killing all vegetation including weeds, both organic and inorganic crops.
    There are several sites that write about problems in agriculture;
    Ice Age farmer
    Adapt 2030

    The pole flip at the same time as the start of solar cycle 25 is causing huge crop losses, especially in china.
    America is sleep-walking into food shortages.
    Last edited by Danny B; 09-14-2020, 05:33 PM. Reason: Duhhh

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  • Danny B
    Dunno Mikey. We'll have to agree to disagree.
    The United States & its constitution have two months left – Paul Craig Roberts
    PCR is something of a pessimist but, just the same, the tribe is going all out to bring a crash and, socialism.

    A permanent shift in valuations? – Real Investment Advice
    America was previously a high-price and high-wage economy. There is GREAT resistance to the changeover to a low-wage and low-price economy. $trillions are being pumped in to (temporarily) maintain the price levels of all assets. The pumping can never stop as long as the wgae base is so low.

    State-directed credit splurge – Doug Noland, Credit Bubble Bulletin
    The CB was originally created to provide war finance. Later, it morphed into an entity to do State finance and welfare finance. The State is always looking out for itself. BUT, at the same time, the State has acquired a LOT of dependents. 51% of Americans receive a check (old number) from GOV. Back when GOV wrote actual checks, it sent out 80 million checks a month. Socialism ALWAYS crashes the banks. FED GOV is betting on a cashless society to try to support all of it's many millions of dependents.

    This is how it ends: all that is solid melts into air – Charles Hugh Smith
    Very interesting speculation.

    9/13 The coming wave of defaults – The Hill
    We have become "bailout nation" just to avoid this wave.

    Some humor;
    9/13 Academy strips ‘Schindler’s List’ of Oscar due to lack of diversity – Babylon Bee
    9/13 Woodward withheld interview since ‘journalism hasn’t worked’ on Trump – Onion
    9/13 DNC pours funding into NY, CA to win popular vote by even more than 2016 – Onion
    9/12 Nobel Peace Prize committee: Trump hasn’t launched enough drone strikes – BB
    9/12 Dogs for Trump – SNL

    The tribe's takeover of MSM and, it's strident calls for sedition has turned many people off entirely.

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  • BroMikey
    Originally posted by Danny B View Post
    I haven't been writing much because it is so dispiriting.
    "They" created the welfare-warfare State
    Don't worry, every generation behind the next are young, energetic, desiring to get out and about to work. A few couch taters will always remain. have some faith dudes. In fact just this little stretch bottled up in the house peeps are finding it nearly impossible to continue as the shutdowns threaten to crash the eco. Welcome to the same ole playbook used in the 1940's.

    Passed down one generatin to the next American's want to race their boats, cars, planes, you get the idea and it take big bucks. The stuff you flaunt. See mine? Humm...? That is America. Welfare is for those who don't have enough which has pretty much been half the USA at one time or another. The problem with these American's is they keep right on working thru all of their weaknesses and problems. A very obstinate bunch.

    In the last 20 years the farmers have been on food stamps in the winter because the white coats change the unit price as they pull into the elevator. They have to then go to the bank for either a loan or refinancing. Those tractors required with the other implements come in at a 1 $million dollar tag for starters. The payments go out and they live on food stamps, go figure.

    Of course this is all some sort of accidental phenomena

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  • Danny B
    I haven't been writing much because it is so dispiriting. In the beginning, I wrote to warn people of what is coming. It is pretty much here. I'm still writing to try to get some idea of just how bad it will be.
    "They" created the welfare-warfare State that eventually forced Nixon to abandon the gold standard. Since then, the bankers have been able to create very high price inflation that FAR outran wage inflation. They have been skimming EVERYTHING. WE are no longer to support the system with our measly wages. The FED is creating megatons of liquidity to try to make up the difference. This too will bring price inflation that erodes consumption. Stimulus money is an attempt to make up the difference between our wages AND, the cost of survival/consumption.
    Ron Paul on FED inflation.

    Then, there is the major problem of automation & outsourcing.
    John Maynard Keynes said that we need perpetual war to create perpetual economic prosperity.
    "Trump Gave More Money to Pentagon Than Even the Brass Asked For. Now He Says It’s All a Racket"

    New watchdog report decries ‘revolving door’ between the Pentagon and defense contractors

    Top US general rushes to defend Pentagon after Trump accuses it of colluding with weapon manufacturers to fight endless wars

    WE need a new paradigm that replaces war as the main economic driver.

    Meanwhile, "However, "the oligarchs of Silicon Valley running America's technology companies loath Trump and will do anything to ensure Trump's second term never happens," he suggests."

    What could that new paradigm possibly be? What happens if we don't develop it?

    Two important articles on China.
    The huge disasters in China will force food prices way up worldwide.
    Meanwhile, Gates is hard at work to make sure that Africa will starve in the coming credit collapse.

    Charles Hugh Smith has his views on how it unravels.

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  • BroMikey

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  • BroMikey
    Academic institutes inside the USA are and have stolen patent-able info effecting our economy. Cold war is here

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  • Danny B

    Well, this is the third time that everything has erased.

    The Central Bank was originally created to provide war finance. Keynes said that we needed perpetual war to keep the economy stimulated. Roosevelt hoped that entering WW II would pull America out of the Great Depression One. In the 1960s, the FED was used to finance the welfare-warfare State. Over the decades, the FED has gradually morphed to an institution that concentrates more & more on welfare and less on warfare. The central bank is a major plank in the socialist State. The 17th amendment brought America much closer to socialism.
    We have finally reached a point where the massive cost of socialism is coming due on government finance.

    There are many State programs that started out as a good idea. Over the decades, politicians expanded these give-way programs to buy votes. 51% of Americans receive a check from GOV. How long can this go on?

    Short version
    The whole system is so intertwined that the FED must support EVERYTHING just to save pensions.
    The Europeans have discovered that; printing money is NOT the same as creating tangible wealth.

    We already have price inflation but;
    5-reasons the Fed’s new policy won’t get inflation – Real Investment Advice
    9/05 Fed policymakers signal comfort with higher inflation – Reuters
    9/04 Why is the Fed trying to create inflation? – Forbes
    Automation and outsourcing has wiped out the domestic job market. The FED induced credit bubble kept many people employed until the lockdown popped the credit bubble.
    9/06 52% of young adults in US are living with their parents amid covid-19 – Pew
    9/06 The hard math of demography – Daily Reckoning
    The dis-affected youth are drawn toward socialism because crony-capitalism has destroyed so much.
    9/05 You cannot print your way to prosperity – part I – Claudio Grass

    9/05 Why capitalism creates pointless jobs – Evonomics
    They left out the "CRONY"

    The FED is trying to inflate away the burden of paying down debt. This screws everybody else. At the same time, the FED is trying to support ALL markets and, preserve the pension system.

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  • Danny B
    My post got bleeped when I entered this link. I'm going to do a short version.
    The money supply is growing at 68% annualized. Naturally, this brings great fear of price inflation. Who knows. The money supply is growing but, the velocity of money is slowing way down. This cause a huge offset. Things get really crazy when the CB tries to rescue the whole economy.
    The Economy Continues To Unravel Despite All Stimulus Measures

    "It's almost as if the Fed and certain politicians WANT a financial collapse in America..."

    Ah yes, The Great Reset

    The Fed's Latest Lie: It Can Make Everything Go Back To Normal

    Rationalizing 'The Great Reset'

    Whatever its name - Agenda 2030, Green New Deal, or The Great Reset - it amounts to the same outcome: the subjugation once and for all of national sovereignty where the nation state is subordinate to global governance...

    How To Turn A Corporate Credit Crisis Into A Currency Crisis

    Central Banks Are Buying $1.4 Billion In Assets Every Hour: 20 Stunning Facts About The "Market"

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  • Danny B
    Socialism is the firewall between Darwinian pressures AND, the non-producers. Communism and Marxism all fit in there, along with democracy.
    All democracies fail, along with all socialist "experiments". The non-producers are concentrated in GOV and banking. The non producers are forever looking for a free ride.
    "In their Communist Manifesto of 1848, Karl Marx (1818–83) and Friedrich Engels (1820–95) compiled a list of measures necessary to establish communism. Measure number 5 reads as follows:
    Centralisation of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly."

    The tribe controls mainstream media;
    The Zionist NYT Supported Stalin & Communism As The Way To The Future
    "Under Socialism, President Franklin D. Roosevelt signed the 1935 Act, which introduced the payroll tax on everyone. However, the Socialists marketed it as the “Soak the Rich” tax, but payroll taxed everyone but the rich who did not work for a wage."
    Against this backdrop there should be no doubt that once the state has become the absolute ruler of fiat money, the door is open for it to grow bigger and bigger,"

    Armstrong, The press has always been a major tool to create revolutions. They were used by the Communists to pull off both the Russian and Chinese Revolutions. The Obama administration appears to have begun this decline in American journalism by not only selling Utopian Economics (Marxism) to the media,"
    The New York Times journalist Walter Duranty on March 31, 1933, denounced reports of a famine. They were so pro-Communism for they saw Marxism as the way to a new future. It was Duranty who met with Roosevelt to convince him that Communism was working and to encourage his New Deal. The mainstream press in the 1930s were very much touting the Communists. They wanted to hear of Utopia and so reported only what they wanted to believe as they are doing once again."

    Armstrong, "Fauci was directly experimenting with coronaviruses to deliberately create a version that would move from bats to humans. He was ordered to shut this down and sent the research to be continued in Wuhan."

    "Nonetheless, while all the discussion is focused on health, what seems to be overlooked is WHY? Do we really need to increase the speed? The real reason for 5G is being rolled out is not for amazing new gadgets, but for digital currency with instant payments and 100% surveillance. This Pandemic is being used to not only suppress the protests against 5G but to accomplish it in time for the replacement of the monetary system with a new digital currency among nations. They allowed BitCoin and others to pave the way, but now it will be time to outlaw private cryptocurrencies and force them into government digital currencies."
    Welcome to 5G – the new instant surveillance network to keep track of everything and everyone. The conspiracy theories put out with respect to health, are a diversion from the real objective – total surveillance and control. 1984 is here. It was just a bit late in coming.'

    9/04 In San Fran, 19,000 city employees earn $150,000+ in pay & perks – Forbes
    9/04 A cashless society is the opposite of a free society – Casey Research
    9/04 Amazon’s union busting spies REVEALED – Krystal Ball
    Capital has ALWAYS fought labor.

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  • Danny B
    The headlines are sadder every day;


    This article is something to think about;

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  • Danny B
    I worked there during the heydays of the muscle cars. We built tons of;
    1970 1/2 Z-28
    1970 1/2 Trans America
    1970 SS 454 Chevelle
    1970 SS 454 Monte Carlo
    We sent a lot of 402 cid Camaros to Japan
    We made a bunch of SS 454 El Caminos. I can't imagine with worse traction that an El Camino with 510 lbs. Ft of torque.

    On an economic note, we are on a pathway that echoes the runup to the dotcom crash.

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  • BroMikey
    Originally posted by Danny B View Post
    I worked at GMAD in Van Nuys, Ca. I quit in April of 1972 when I was making $11.02 an hour. I still have my pink slip.
    The price of a car brand new $5000 or less so wages should be 5 times that now.

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