XPost: can.general, can.politics, ott.general
From: Canuck57@nospam.com
On 11/09/2011 5:07 PM, John Fleming wrote:
> On Sat, 10 Sep 2011 00:31:11 -0600, while chained to a desk
> in the scriptorium Canuck57 wrote:
>> $On 09/09/2011 8:03 PM, John Fleming wrote:
>> $> On Fri, 09 Sep 2011 09:32:37 -0600, while chained to a desk
>> $> in the scriptorium Canuck57 wrote:
>> $>> $On 08/09/2011 9:53 PM, John Fleming wrote:
>> $>> $> On Wed, 07 Sep 2011 10:47:55 -0600, while chained to a desk
>> $>> $> in the scriptorium Canuck57 wrote:
>> $>
>> $>> $>> $Strange as that sounds, it could happen. US will eventually
seek 3rd
>> $>> $>> $world economic levels with this Keynes/Bernanke Doctrine thing.
>> $>> $>
>> $>> $> It won't have to seek them. The world will force third
>> $>> $> world status onto them.
>> $>> $>
>> $>> $> India, China, Brazil and other emerging nations won't stand
>> $>> $> for a bankrupt first world super power calling the shots and
>> $>> $> keeping them from enjoying their place in the sun.
>> $>> $
>> $>> $While low life thinks might think the world is out to get the US, it
is
>> $>> $more like the US is doing this to themselves. Most of the world only
has
>> $>> $envy of the US, otherwise they don't give a rats ass about the US. US
>> $>> $debt and fraud is the problem, formerly a pillar now deteriorating.
>> $>> $
>> $>> $Yep, these countries are now moving away from the US about as fast as
>> $>> $they can.
>> $>
>> $> If the US finds a lot of emnity in the world, I agree, they
>> $> have brought it on themselves.
>> $>
>> $> There are times they let their self interest get in the way
>> $> of their ideals. For example, they believe in democracy,
>> $> yet there is more than one instance where they have worked
>> $> to overthrow a democratically elected government they didn't
>> $> like and replace it with a military dictatorship.
>> $
>> $Ans let us not forget the propaganda. Take Mubarak of Egypt. If Obama
>> $hadn't helped pressure him to be outed, Egypt might have an election
>> $this money. Instead, radical Islamic ideology now runs it. Could flare
>> $up any time.
>
> Mubarak had to go.
>
> The question is whether what replaced him is an improvement.
>
> When he was ousted, that was my biggest concern.
I wonder how long until the next one is outed? We are talking about a
society where by our standards, crime is a way of life. 1000's have
died since Mubarak has left. Churches and people burned, retribution
killings...same is going in in Libya as the Muslim Brotherhood says ya,
you can have democracy as long as it is fundamentalist Islamic radical.
Dictators in low moral barbaric cultures are like diapers, once on they
don't take long to stink as sooner or later you have to deal with the
radical uncivilized punks...and they carry AK-47s.
Another way to look at it is what would Ottawa's response be if say
10000 of us Canadians marched n Ottawa with AK-47s, grenades, rocket
launchers....going to let 10,000 rule the country because government
will not shoot back?
Todays hero leader will be tomorrows smuck.
> The only limitation is a legal spending cap that limits how
> far the US can go into debt. Had debate gone a different
> way back in July and August, that spending cap could have
> gone up a lot further than it actually did.
The cap itself is fictitious. But the size of the debt, well, reality
is going to bite Americans hard in the ass. I don't think we will ever
see the USA pay its debts with real money ever again. A spiral debt
with USD currency wipe out is inevitable.
Someday, be it soon or in 5 years, US Fed will declare bankruptcy and
USD will degrade to toilet paper. Only think holding it up right now is
a lack of alternatives, but the need for an alternative is churning the
wheels of change.
>> $100% agreed. I lived in the US for 10+ years. I got to know quite few
>> $and they are good people but their political system has gone bad
>> $starting somewhere in 2004-6. Too much corrupt politicians with too
>> $much power. And Bernanke promising nirvana with lots of counterfeit
>> $easy money. World wide currency fraud on the USD for zero rate
>> $interest/money.
>
> I think the problems started emerging long before 2004-06.
Depends, one could go back to 1914 or even earlier. Bu point being,
2004-06 was a period where interest rates were lowered and electronic
counterfeit started paying the bills for the USA. Kicked the system
over the abyss.
Governments and banks make these decisions not for the people, but for
statism and government backed embezzlement of the peoples earned wealth.
Debt-tax slavery if you will.
>> $But what I fear most, is this situation in loose context reminds me of
>> $the years before WW II. Except this is leading to WW III. Germany had
>> $the same problems with debt and money print, and government decided war
>> $was the way out.
>
> Hitle had put Germany on a war footing.
People then too were debt-tax slaves from the left overs of WW I. So WW
II was started, nut much unlike todays USA buildup on a credit card.
The parallel is amazing actually. Right down to CIA involvement in the
middle east and Libya bombings.
> Interestingly enough, it was a kind of Keynsian approach to
> government spending and the economy. Spend money on
> government services, and (in theory) you kick start the
> economy.
Keynes might actually work if you added the reserve fund approach where
the government has a trillion of real money saved for a rainy day.
But the strategy ends up in reality being an exercise is spending ones
way out of a debt problem. And that will not work any better for
government than it would for you or I.
If you or I welsh on delinquent debt, the banks or CHMC share holders
amortize eat it. But someone lsot on the deal. If the government
welshes (and they are at fraud low interest rates) they pass it back to
society as inflation and unemployment.
Keynes and the Bernanke Doctrine ignore some realities. If I can buy 20
units per month on my wage. Inflation goes up 5%, then next month I buy
19 units. This means 5% labor is required. More unemployed, a
predatory effect is reached where goods actually shipped decrease, even
though GDP looks stable or might even increase. Sound familiar, the
"jobless recovery"? GDP is not recovery, it is only one indicator of
many. And less jobs and purchasing shifting to essentials like food,
mean less jobs, less tax revenue and instability.
Fact is the very approach chosen is the very source of the problem they
[continued in next message]
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
|
