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U.S. Gets Ready To Go Full Venezuela On Economic Policy
Manhattan Contrarian ^ | 1 Apr, 2021 | Francis Menton

Posted on 04/02/2021 9:50:08 AM PDT by MtnClimber

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1 posted on 04/02/2021 9:50:08 AM PDT by MtnClimber
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To: MtnClimber
How bad is the damage to the U.S. economy being inflicted by the blowout wasteful spending of Biden and the Democratic Congress? Likely, we will only know the first inklings by 2022, and still only a little by 2024.

I predict we are in for at least 20 years of decline, and that is only if we can regain control of our elections. That is a BEST CASE outcome. It could end in total economic collapse, CWII or both.

2 posted on 04/02/2021 9:50:24 AM PDT by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: MtnClimber

Who is John Galt?............................


3 posted on 04/02/2021 9:54:50 AM PDT by Red Badger ("We've always been at war with Climate Change, Winston."..............................)
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To: MtnClimber

Yeah, it’s likely to take a long time. But, at some point, far in the future, people will look at charts showing 2017-2019 and a vibrant US economy, employment, stock market, foreign trade deals, tax cuts, personal incomes, everything just skyrocketing. And then this mysterious pandemic comes along, followed by election fraud, followed by Biden-Harris and everything on the chart will just fall off a cliff.

And eventually people will say, “Huh! How’d that happen?”


4 posted on 04/02/2021 9:55:40 AM PDT by ClearCase_guy ("I see you did something -- why you so racist?")
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To: ClearCase_guy

How’d that happen? Did the whole country just go insane?


5 posted on 04/02/2021 10:05:08 AM PDT by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: MtnClimber

Why not? We just went full-Venezuela on the 2020 election. Why not go all the way?


6 posted on 04/02/2021 10:05:32 AM PDT by SubMareener (Save us from Quarterly Freepathons! Become a MONTHLY DONOR)
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To: SubMareener

If you don’t want to starve you’d better live near a zoo!


7 posted on 04/02/2021 10:07:19 AM PDT by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: MtnClimber

And going Venezuela one better, they plan to use some of the money to get rid of the interstate system in some locutions to restore ‘picturesque’ black communities.


8 posted on 04/02/2021 10:11:28 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: MtnClimber

What can you expect from an economically-ignorant public. A recent “on the street” survey asked people what the minimum wage should be. One person, in all seriousness, said it should be $50/hr. They said: “At that wage, I’d try to find a job.” We are doomed...


9 posted on 04/02/2021 10:12:31 AM PDT by econjack
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To: MtnClimber

I predict we are in for at least 20 years of decline

***************

I think it will be much shorter and sharper than that because we are a very complex system. When the interrelated parts start breaking down we’ll see a domino effect. There are countless examples of complex systems rapidly unravelling with disastrous consequences.

When inept and reckless people get in control expect very bad outcomes.


10 posted on 04/02/2021 10:12:40 AM PDT by Starboard
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To: MtnClimber
U.S. Gets Ready To Go Full Venezuela On Devolve Using Economic Policy
11 posted on 04/02/2021 10:12:45 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: ClearCase_guy

The history books won’t show any of that at all. Who do you think is writing them?


12 posted on 04/02/2021 10:13:43 AM PDT by Seruzawa (The political Left is the Garden of Eden of Incompetence - Marx the Smarter (Groucho))
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To: econjack

We are doomed...

*************

I agree. The cultural, economic, political, legal, moral, and ethical underpinnings of this once great republic are all collapsing in unison. The decline is well underway. You can see it all around you.


13 posted on 04/02/2021 10:17:41 AM PDT by Starboard
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To: MtnClimber

The history of humanity is a history of vast numbers of people trying to find health, security and happiness in their families and homes.

These vast numbers are ruled over by a small number of people who use deceit, punishment and promises to gain wealth and to rule over the vast numbers.

Our Republic is a way to protect the vast numbers, but the wealthy few don’t like it.

Chavez was probably really trying to help his country, but one day, he realized that socialism doesn’t work.

Then what?

Protect himself and his family and friends.

Humans always, ALWAYS screw up socialism and then we’re left with dictators telling us they are socialists.


14 posted on 04/02/2021 10:27:15 AM PDT by blueunicorn6 ("A crack shot and a good dancer”)
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To: MtnClimber

On the upside of the Biden Plan we’ll all soon be millionaires.

Only problem is a roll of toilet paper will cost five million dollars.


15 posted on 04/02/2021 10:32:46 AM PDT by MercyFlush (Senator Joseph McCarthy was right. )
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To: MtnClimber

“In the early years, things seemed to be going swimmingly, at least if you believed the official statistics put out by Chavez’s government.”

If you round up and eat everybody’s milk cows, it’s steak dinner every night for a time, but eventually there’s no more steak, no more milk, and you’re down to eating grass.


16 posted on 04/02/2021 10:33:22 AM PDT by rightwingcrazy (;-,)
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To: MtnClimber
Venezuela is hugely instructive in this matter and simple denial in the media isn't cutting it anymore. The question was, how long does it take to bring a first-world economy down to a third-world subsistence level? The answer was around fifteen years. You will still read desperate insistence on the part of the True Believers that the problem was the drop in the price of oil but for some strange reason all the other oil producing nations seemed not to be affected. Whatever could it be?

The problem with redistributive economies is simply that whoever does the redistribution becomes a de facto ruling class - Hayek predicted it, Friedman explained it, Djilas chronicled it. The state does not "wither away" pace Marx, it solidifies and the New Boss turns out not to be the same as the Old Boss, but an order of magnitude worse.

An economy the size of the United States has a tremendous surplus on which the parasitical class may feed so it's likely to take a while. But the pattern is clear from Venezuela's: a gradual takeover of the means of production on the part of the state, decrease in production, increasing taxes on the middle class, increasing inflation, increasing corruption, and heavy propaganda efforts where the media will take the place of the church as the Opiate Of The People. Seeds of all of these are visible presently. Stay armed, teach the children, and get ready to ride it out.

17 posted on 04/02/2021 10:34:18 AM PDT by Billthedrill
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To: Red Badger
"Who is John Galt?............................ "

I don't care WHO he is, where the hell is he and why is he not (sic) doing something.

18 posted on 04/02/2021 10:45:50 AM PDT by I am Richard Brandon
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To: MtnClimber
When I read this:

"Chavez and then Maduro used the time to change first the election system, and then the constitution, so that removing them from power became almost impossible."

I thought "that sounds familiar." But then I realized "It could never happen here."

Thank Goodness!

19 posted on 04/02/2021 10:47:04 AM PDT by Aevery_Freeman (The Mob rises; the Monarchy trembles; the blade sings its lone song...)
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To: Red Badger

That’s our only option.


20 posted on 04/02/2021 11:09:18 AM PDT by CottonBall (MAKE REPUBLICANS WHIGS AGAIN!)
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