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Both American Political Parties Have Adopted Lenin’s Strategy for the Destruction of Capitalism
American Thinker ^ | 4/20/23 | Alexander G. Markovsky

Posted on 04/20/2023 5:41:06 AM PDT by CFW

On April 22, 1919, on his 50th birthday, Lenin gave an interview to London’s Daily Chronicle and made stunning revelations about the Bolshevik's struggle to destroy capitalism. The next day the interview was published in the New York Times as “Talk with Bolshevist Head.”

“Experience has taught us it is impossible to root out the evils of capitalism merely by confiscation and expropriation, for however ruthlessly such measures may be applied, astute speculators and obstinate survivors of the capitalist classes will always manage to evade them and continue to corrupt the life of the community," he said.

To accomplish this, Lenin declared, “Debauch the currency to overturn the basis of society.” The destruction of currency was the main component of the Bolshevik strategy.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Extended News; Government
KEYWORDS: america; currency; debt

1 posted on 04/20/2023 5:41:06 AM PDT by CFW
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To: CFW

“Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth.

Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become “profiteers,” who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”

-John Maynard Keynes, The Economic Consequences of the Peace


2 posted on 04/20/2023 5:47:59 AM PDT by Gunslingr3
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To: CFW

“Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, only by the government’s promise to pay out of future tax revenues, and cannot easily be absorbed by the financial markets. A large volume of new government bonds can be sold to the public only at progressively higher interest rates. Thus, government deficit spending under a gold standard is severely limited. The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. They have created paper reserves in the form of government bonds which — through a complex series of steps — the banks accept in place of tangible assets and treat as if they were an actual deposit, i.e., as the equivalent of what was formerly a deposit of gold. The holder of a government bond or of a bank deposit created by paper reserves believes that he has a valid claim on a real asset. But the fact is that there are now more claims outstanding than real assets. The law of supply and demand is not to be conned. As the supply of money (of claims) increases relative to the supply of tangible assets in the economy, prices must eventually rise. Thus the earnings saved by the productive members of society lose value in terms of goods.

When the economy’s books are finally balanced, one finds that this loss in value represents the goods purchased by the government for welfare or other purposes with the money proceeds of the government bonds finance by bank credit expansion. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.“

-Alan Greenspan, Gold and Economic Freedom


3 posted on 04/20/2023 5:52:14 AM PDT by Gunslingr3
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To: CFW

p


4 posted on 04/20/2023 6:03:32 AM PDT by gattaca (Either you will control your government, or government will control you. Ronald Reagan)
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To: Gunslingr3

Interesting that Keynes would voice such an opinion, as his philosophy pushed for government intervention in economies- which invariably leads to inflation.
Granted the fed is technically a “private” entity- but they serve the political masters who always prefer to kick the can down the road with inflation in order to help their re-election chances with an uneducated populace.


5 posted on 04/20/2023 6:10:59 AM PDT by rmichaelj (Ave Maria gratia plena, Dominus tecum.)
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To: Gunslingr3
The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

Yep. Worth repeating.
6 posted on 04/20/2023 9:50:44 AM PDT by Mr Radical (In times of universal deceit, telling the truth is a revolutionary act.)
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To: CFW; All

Everyone should read this.


7 posted on 04/20/2023 10:15:18 AM PDT by Pajamajan ( PRAY FOR OUR NATION. Never be a peaceful slave in a new Socialist Ameriqqcq)
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To: CFW

Debauch the currency, yes. But most importantly have partners with your COMMIE side, of major financial titans to do the destruction— and make their wad from the “shorting” of the currency.

See: the TRUE supporters of the Bolsheviks. Whom included Warburg, Schiff, Henry Ford (yes THAT Henry Ford who gained Soviet tractor manufacturing contracts and facilities, later destroyed by bombing, Soviet, Nazi and even US. Who got post war reparations to pay for the losses. Truth). In addition to those 3 (who accompanied Trotsky and paid for his plane, which they boarded in Halifax, N.S> for the last legs of the flight to St. Petersburg).

Secondly- never ever discount the actual FACT of the German Imperial Army and Govt (under Kaiser Wilhelm) who approved the release from exile of Lenin from Switzerland along with 70 other Bolsheviks and many millions in German gold bullion on a train/ferry to Helsinki and train to St. Petersburg, all guarded by German Army troops to the Russian border.

It did happen, and the rest of the bankers in this story were globalist/US and major Swiss/German banks. Money to be made in the destroyed Tsarist “economy” under a weak Tsar. The goal was to secure the Romanov billions which they did and which went to the Bank of England (owned by Amschel Rothschild and descendants since the Battle of Waterloo.)

None of the so called “Lenin” ideas on currency destruction were his... they came from these parasites. As a “Communist” he also tagged these same with requiring his repayment— in the form of GRAIN for currency— sacked and ruined from Ukraine in the Holodomor. Again, all true.

Walter Duranty’s grave is in... Orlando, FL. the pervo-queer NY Times “reporter” who denied the Holodomor.


8 posted on 04/20/2023 10:36:11 AM PDT by John S Mosby (Sic Semper Tyrannis )
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To: CFW

bump


9 posted on 04/20/2023 10:23:05 PM PDT by Albion Wilde (“There is no good government at all & none possible.”--Mark Twain)
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