Replies

"The US isn’t a capitalist country." That's true and Roberts makes that point often. In addition, he usually differentiates between Crony Capitalism, Laissez Faire Capitalism, and Capitalism as most people understand it.

Creeping socialism is one of our major problems, a disease that when out of control destroys nations. The open, profusely bleeding, wound, of war in the ME, war we don't intend to win anyway, is an open, profusely bleeding, wound that's cost ten trillion over the past sixteen years is an immediate, life threatening, problem.

It's only human nature to focus on the theft you see and ignore the huge theft that's well hidden but the socialism that cost billions per year and will never go away as as long as it's such a useful tool of misdirection to hide the theft of trillions the Pentagon and Fed can't even account for.

Without the Globalist destruction of our manufacturing base and the Neocon BS about our being an empire rather than a nation, we could cure the problems that are used as bloody flags to wave in support of socialist illusions and end the rot of socialism.

The deficit-conscious Republicans have put into the Bill for Enhancement of the Rich’s Wealth, cuts in social services in order to “save workers from higher interest rates from budget deficits.” This is more dishonesty. If the Fed lets real interest rates rise to any meaningful amount, derivatives will unwind, and the Fed will have to create trillions more in new dollars to keep its ponzi scheme in place. The deficit that results from the tax cut will be covered by the Fed purchasing the Treasuries, not by a rise in interest rates.

This is where the real theft happens; at the Federal Reserve with the cooperation of the US Treasury.

The real taxes are collected by the Federal Reserve Bank. The creation of money from whole cloth taxes the entire world and not just the citizens of the Unite States.

When the Fed magically creates new dollars the value of every preexisting dollar is diluted. Thus,m ever person in the world that holds US currency is taxed by the Federal reserve.

When the US dollar is no longer kept as a reserve currency in the world and all of that diluted currency comes flooding back in to the United States we will be nearly instantaneously be plunged in to an economic depression that makes the 1930s look like the roaring 20s.

Re: “Without the Globalist destruction of our manufacturing base...”

Actually, adjusted for inflation, industrial production in the USA will probably set an all time record in 2017.

The previous record was set in 2007, just as the Great Recession was starting.

There are two main problems with our manufacturing employment base.

First, automation and expert software have reduced the number of employees necessary to produce the same amount of industrial products.

Second, since 1980, we imported close to 30 million low skill, low education LEGAL immigrants from Third World countries, and that huge surplus of workers has destroyed the pay scale for industrial jobs.