Posted on 07/16/2022 5:00:40 AM PDT by MtnClimber
Times are going to be rough, because our government has done a massive damage, an unbelievable amount of stealing and borrowing that we, ultimately, will have to pay for.
The Spanish Government has announced that the cost of riding certain public trains will be cut from half-fare to zero beginning in September. This follows on the heels of Germany selling monthly public transit passes for just nine Euros ($9). The Guardian and CNN are very excited about these changes because, in the view of the conventional Left, this achieves two things: It saves the environment and it saves money.
It saves the environment by forcing people out of their gas-guzzling cars. Of course, the real thing forcing people out of their cars isn’t cheap train tickets, but rather runaway inflation that has made buying and driving the ordinary family sedan a prohibitive luxury. This is the ideal outcome for a globalist elite who believe that people should all travel together in one big collective mass—with just a few cars and planes set aside for the important people running everything, who actually need to go to particular places and be there on time.
When the Left talks about saving money, what they really mean is that they are going to borrow money in your name with no intention of paying it back. This means they are either stealing from today’s creditors (you) or from tomorrow’s debtors (your kids). One way or another, though, they need that money and they’re going to take it.
That returns us to the vexed question of saving money by making things cost less. Lefist economics is based on two fundamental principles:
1) There is a fixed amount of wealth in the world.
2) Money has inherent value.
Point one—that there is a fixed amount of wealth—explains everything the Left does on a macro scale. They believe because wealth cannot be created (for example by using one’s labor to transform a lump of wood into a chair) the only way to obtain wealth is to steal it. Under the “my fair share of the pie” or “my bite of the apple” philosophy, anyone who has more than the average amount of wealth has come by it undeservingly, and so the morally correct thing is to confiscate that “surplus” wealth and give it to someone who has less than the average. That way, things will even out and everyone will have the same amount of wealth. Until of course someone starts making chairs while his neighbor just sits around waiting for a welfare check.
Report Ad Report Ad Point two—that money has inherent value—is even more childish and more insidious. The intellectual toddlers of the economics community have been trying to make this concept work at least since the French Revolution (and probably since before that). A typical problem: Bread costs too much. The leftist solution: Announce that bread now costs less.
By decreeing a maximum price for bread (le maximum) the French Revolutionaries were under the impression they were taking a major step for the common people that their evil king just hadn’t thought of. They were then caught completely off-guard when the bakers stopped baking bread on the flimsy excuse that the ingredients now cost them more than they were receiving from the finished product. It was an amazing, Bastille-Day miracle: the French had managed to make labor remove value.
Even in the most rigorously-controlled, state-planned economies, a unit of currency is only worth as much as someone is willing to pay for it. And even soviet-style governments (such as our own) implicitly acknowledge this when they take action on the direct supply-and-demand principle by increasing the money supply: In their heart of hearts (or the void where such objects would reside) they know that they can’t simply make a dollar worth a certain amount by decree. Added to which is the problem of all these dollars they’ve borrowed from the future with no intent of repaying. The obvious supply-and-demand solution is to create more supply, by simply printing a huge amount of new dollars.
How huge? The U.S. government has printed 80 percent of all dollars in existence today since 2020. They’re trying to conceal the implications by keeping interest rates artificially low. But anyone who has tried to buy a car or gasoline or water or food or clothes or indeed anything at all can see just the beginning of the effects. Inflation isn’t just at 7 percent or 11 percent—the real figure is much, much higher. When this finally balances out, and it may take a year or two, your dollars are going to be worth 20 percent of what they were a few years back, because the government has again confused (I think deliberately) the concepts of money and value.
We are headed for major economic collapse, and it will happen just as soon as the Republicans get back into office, because that will be the signal the Fed can give up on pretending the economy isn’t dying (it has significantly less trouble raising interest rates when Republicans are in charge). Times are going to be rough, because our government has done a massive damage, an unbelievable amount of stealing and borrowing that we, ultimately, will have to pay for.
The only way out the other end of this total disaster is less government—and I mean dramatically less government. Reduce the size of government by 95 percent, close almost every department, get rid of tax withholding, and reduce the tax rate to what the founding fathers would have found acceptable—which is to say no income tax at all, and some sales taxes to pay for the government’s few necessary functions.
Because wealth is created through labor, creativity, and industry. Why, then, should we tolerate the people who believe only in wealth through theft?
If the size of government is reduced, where are people with Social Science degrees going to find work? There are not enough fast-food restaurants to employ all of them.
Yup.
I think we also need a total default on debt.
People say: "You can't default on debt. That's crazy."
Well, we're about $200 Trillion in debt. You can't pay that. It's crazy to think you can.
So, something crazy is going to happen. And our global economy based on ever-increasing debt has only led to slavery. So, get rid of debt, screw the Bankers, and drastically get rid of government and allow people to run their own lives.
There is no avoiding the pain which is to come, but we should aim at the world in which we want to live. Tyranny and debt is not that world.
Yes, complete default on dept, and reset to only the constitution. Eleminate all pay to all gubmint officials. Carry your own protection, someone is caught committing crime, shoot to kill.
I agree with all of that.
In addition, I think our concept of a Justice System is inherently flawed. Lawyers are well-trained liars. That’s pretty open, I think. It’s just understood. But it shouldn’t be that way. I think lawyers should be trained to be scrupulously honest. Disbarment or prison should be an immediate result of any lawyer being “artful” in court. “That depends on what the meaning of is is” and all of that — you pull that stuff even once, and the lawyer should be in deep kimchi. You get justice when crooks are punished. A system designed to make sure crooks avoid punishment is a bad system. Prosecution AND Defense should all be working to punish crooks. That’s Justice.
Nancy and her massive insider trading
As long as the rate of inflation is greater than the interest rate on debt the debt can be paid off by government. I think this is their current game plan.
Imagine that eventually people will pay 1 Trillion in Fed income taxes on a salary of 12 Trillion. 200 Trillion govt. debt is trivial.
Yep, and it is coming, and very soon. There is even a plan for it, partly because it is inevitable: NESARA/GESARA, to recover from the turmoil that will ensue.
As far as 'screw the banksters', a jubilee will be part of the switch. The banksters instituted fractional-reserve-bankstering and central banking (most nations have a linked to London central banksters) partly thru their evil plans discussed at Jekyll Island in the early 1900's. Numerous attempts between then and now are tied up in JFK, Reagan, Titanic (look who was on board) and 911 (WTC7, gold, records).
No, because fractional-reserve guarantees that we go further into debt, by design. An interesting side note can be found in the Grace Report (ordered by Reagan, 1970's).
For evidence to this, just check usdebtclock.org. Total US debt is $91T, while total US money is $21T. How do you think its come to be that we owe four times more than there is even money to pay it off? All inflation by itself can do is double debt while doubling money to pay it.
An amusing way to see the FED, animated
I’ll tweak that to say attorneys are well-trained liars, as attorneys of the BAR versed in Admiralty/Maritime law. Admiralty law is all about contracts, deception in language, and taking from one to give to another.
OTOH, lawyers are those versed in the law. If Common Law, as opposed to Maritime/Admiralty/Contract, there can be many good lawyers... especially if they purposely shunned taking the BAR, and pledging their allegiance to the BAR.
BAR = British Accreditation Regency
Buy and store foodstuffs suitable for long term storage and be prepared to defend it.
Then keep your mouth shut.
L
1) There is a fixed amount of wealth in the world.
2) Money has inherent value.
Had the word "Lefist" [sic] not been added I'd have let the definition pass. But with leftists there is no fixed amount of wealth because they can print scrip, electronic or paper any time they need to buy votes. All the wealth the government desires and screw terms like 'inflating the money supply' et al. A recent example was Obama's quantitative easing where his Fed printed up $85 billion/month for over three years running to purchase T-bills (1/2) and MSBs - mortgage backed securities. The first being a flim-flam way to finance the $1.2 Trillion added debt service and the second to placate fat cat Wall Street.
Secondly, 'inherent value'.......again, they believe the inherent value of money is what they say it is (IOW lie about it in terms of past year value, fake inflation numbers and the like.)
I understand and agree, instant justice might cause lawyer types to find a different profession.
“As long as the rate of inflation is greater than the interest rate on debt the debt can be paid off by government. I think this is their current game plan.”
Interest rates are tied to inflation, and they’re usually higher.
Watch the amount the fed has to pay for debt servicing skyrocket with the higher interest it has to pay on its loans.
“BAR = British Accreditation Regency”
Learned something new. I always thought BAF was a piece of courtroom furniture.
Thanks.
The article is about bad economic policies.
The real problem is we live in a nation of liars and thieves.
I think the amount of stealing done by “average” people is astonishing.
Lying reduces trust.
Trust is the foundation of all relationships, personal and professional.
Our relationships are broken.
Reduce by 95%. I have been saying this for as long as I have been on line. ALL the Departments, Commissions, Agencies, and other divisions of the bureaucracy have to go down to the original four Departments of the Cabinet i.e. Attorney General, Treasury, State, War/Defense. NO functions of any of the cancelled departments to be folded into the remaining four. State to be only the Secretary and ambassadors. If we could do that then the Republic would be resurrected and would survive. I don’t think it can be done.
That comes under the heading of "not my problem."
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