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Why The US Is Totally Finished

 
 
 
 
 
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Capitalism Fixes Problems & Preserves Democracy: Capitalism is what we should be relying on to fix our problems. Capitalism has it’s own ecosystem, just like biology’s ecosystem. An economic ecosystem that weeds out the weak, has parasites that eat the failures and new bacteria that evolves and grows replacements for that which failed. A system that keeps everything in balance.

The problem is we are no longer a capitalistic society. What we were taught in school is now utter and absolute nonsense. Capitalism is a thing of the past.

As outlined in “It’s Not A Financial Crisis – It’s A Stupidity Crisis“, we created two back to back bubbles. The air out of the Tech Bubble was sucked up for fuel by our next stupidity crisis: The Housing Bubble.

Now, after the second Stupidity Crisis there isn’t a third bubble to inflate. If we still lived in a capitalistic environment the banks and financial institutions that created loans for folks who should have remained renters and then sold those loans as investments to pensions and countries would have been cleansed by capitalism’s ecosystem.

But that isn’t what happened.

In a very anti-capitalistic move the government decided that stupidity and criminal activity should be rewarded. I’d say they took our money, but it is worse, we didn’t have that much money. So they borrowed the money in our name. The loan has a variable rate. They borrowed so much money that our kids cosigned the loan. In fact, our kid’s future kid’s signed on the dotted line.

That is unequivocally immoral.

They gave that borrowed money to a bunch of morons as a reward for stupidity. Morons who created subprime loans, liar loans, no income no documentation loans and other fraudulent instruments. Morons bundled that trash, got it rated AAA and then sold these turds or weapons of mass destruction that they had the audacity to name complex financial instruments or derivatives to pension funds, countries and other “investors”.

Then it all blew up.

Big surprise.

For blowing up the world’s economy this Stupidity Crisis was falsely named an Economic Crisis by CNBC and 535 morons on a hill in DC (Ron Paul and a few other fiscally responsible adults excluded). The idiots who created the mess were rewarded with a 700 billion dollar “bailout”. This “bailout” was anything but a bailout and had a price tag of anything but 700 billion. The actual price tag is closer to 11 trillion and puts us on the hook for another 13-17 trillion – not counting interest.

Think about that for a second. This stupidity crisis is the equivalent of our Federal Debt which took a generations of politicians over a hundred years to wrack-up.

For anyone who still believes we live in a free country where capitalism reigns please show me one economic textbook which states that failure, and fraud get rewarded with borrowed taxpayer money. For anyone who believes we live in a democracy please show me a textbook that says the government will en-debt you and your kids and their kids to pay for a failed business. How is that democratic?

“Law of Morons”: Years ago, while serving on a committee I came to a sad realization. Like gravity, there is the another invisible force which I dubbed “The Law of Morons”. Put a group of very intelligent, well meaning people in a room together, put them on a committee or some governmental body that is devoid of guiding principles or merit-based decision making and “The Law of Morons” will prevail. The collective IQ will drop to the smallest shoe size in the room. And hope for loafers, because collectively this body won’t be able to tie anything together – not even a single shoelace.

Government Creates Problems: Basically our government is comprised of many well meaning intelligent people who for whatever reason, re-election, greed the “Law of Morons”, corporate puppet strings (read: lobbyist), self interest, corporatocracy or whatever else, do nothing but create massive problems. Lack of regulation, too much regulation.

And without any uncertainty too much DEBT along with a deficit that will NEVER be paid.

They have failed us.

Terribly!

With debt and a failed capitalistic society our democracy is now at risk. Serious risk.

A democratic society requires a stable and effectively functioning economy. I trust that we and our successors at the Federal Reserve will be important contributors to that end. Alan Greenspan

Serious irony there unless he was talking about the end of a democratic society. Greenspan was primarily responsible for muzzling Brooksley Born’s attempt to regulate derivatives.

Our deficit requires that we counterfeit “money” to service our debt payments.

Forget about GDP, it is a bogus measure cooked by the BEA (US Bureau of Economic Analysis) . GDP is so baked that it makes the folks who cooked Enron’s books look like saints. Let’s focus on what we take in and what we pay out. We take in about 2 trillion in taxes and other revenues. We borrow about 2 trillion of which about 1 trillion must be taken off for debt service, and we spend well over 4 trillion.

To deal with the 1.6 trillion ++ shortfall we just print/counterfeit it. This debases the value of every dollar we hold, stealing wealth from every hard working American. It causes the need for more dollars to be injected into the system, which increases the amount of taxes that Americans pay.

There are only two crimes listed in our Constitution: Treason and counterfeiting.

“Solutions Create More Problems” ~ Al Bartlett (Worked on the Manhattan Project).

Another asked, “Is there any intelligent life on earth to change our future to a sustainable one?”

Dr. Bartlett replied, “Is there any intelligent life in Washington, DC is the bigger question?”

We Have a Corporatocracy: Not capitalism.

Corporatocracy: A government that serves the interest of, and may de facto be run by corporations.

Some states have government workers who have powerful unions that influence the government’s decisions. California has a massive pension mess, created in large part by government unions and elected officials who have catered to these unions.

“Too Big To Fail” is living proof that capitalism is dead. These TBTF institutions that blew up the economy in 2008 with their stupidity crisis, at the very least deserved to fail. They blew it. That is the definition of capitalism. You do well you are rewarded, you screw up you close shop. You commit fraud and you do time.

But with a Corporatocracy you have Hank Paulson – a former Goldman Sachs CEO worth about 700 million dollars who winds up becoming our past Secretary of the Treasury. There is a serious distinction between a civil servant and someone who serves a corporation, especially the last corporation he worked for. His salary was only six figures, but his benefit was that he got to cash out of his stocks and pay no taxes. He gave the morons who blew up the economy 700 billion dollars. He had another former Goldman Sachs employee disperse the funds while the current CEO of Goldman Sachs professed to be “Doing God’s work.”

The movie “The Corporation” can be viewed at NetFlix or online with Hulu.

In Summary: Our debt and our inability to revive capitalism and cut the waste in government will be our demise. Sadly, the only glimmer of hope I see is that Corporatocracy will destroy itself. I say sadly because it will destroy the average American citizen like some parasite that kills it’s host.

Capitalism is dead and that is why we are totally screwed.

In Summary: My faith in the 5Gs: (G*(religious edit)d, Gold, Guns, Grub & The Government Will Continue to Screw It Up) remains strong.

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  • “I hope we shall crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country.”
    – Thomas Jefferson

    “We are undone, my dear sir, if legislation is still permitted which makes our money, much or little, real or imaginary, as the moneyed interests shall choose to make it.”
    – Thomas Jefferson

    “Marxists can always be relied upon to defend the international bankers, to their dying breath, by portraying capitalism as some sort of vague, accidental ideological abstraction that either everybody or nobody is truly responsible for, rather than as a very specific, profoundly evil system perpetrated by very specific individuals, who are acting with full intention to drain the lifeblood from the republic until it is dead. This fact alone should be enough to raise suspicion of the Marxists’ real intention, which seems to be to focus primarily on property-based ‘class’ conflict without ever clearly defining the real methods by which the ruling ‘class’ stays in power, so that they can attempt to convince the public that these methods are some kind of magic that only Marxist intellectuals can understand and con them into replacing the existing tyrannical order with a communist tyrannical order. The Marxists are totally anti-democratic and seem to truly envy the money power more than they despise it.”
    – [Anonymous]

    “The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it all back again. However, take this great power away from them, and all the great fortunes like mine disappear, and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money and control credit.”
    – Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain

    The great task of the American revolution, is to free mankind from corporate overlordship, whereby the robber baron rides his financial steed roughshod over the tilled fields of the common man, through his sport of usury.

    If indeed America is finished–as this article suggests–then all nations must die, as the nation-state concept surrenders to one world government at the hands of the banking oligarchy.

    The task of individual nations is to withdraw from the phony storefront of the international bankers; the United Nations and assume power of the purse, if they wish to survive.

    The American revolution will prevail over the Marxist paradigm, as all men prefer freedom to corporate slavery.

    America’s struggle is the survival of the nation-state concept and thus all nations must join the original American weltanschauung of freedom from debt slavery, to ensure their own future existence as sovereign peoples.

    Usury is the destroyer of nations and the path plotted for America is the same one which was created by banking swindlers for Germany, prior to World War II.

    This Second American Revolution is the Last Crusade of mankind against the forces of darkness and worldwide Bolshevik revolution.

    The power of international bankers must be destroyed, before all nations find themselves in vassalage to the ascendancy of Big Brother.

    A nation is never “finished” as long as it has the power to send forth its military, to seize the ill-gotten gains of banking swindlers.

    The American revolutionary concept will come to final fruition, only when the world is delivered from slavery to usury.

    Nations must reject the United Nations multicultural model, which delivers only slavery and turns a country into a petting zoo for serfs, fit only for a mish-mash of squabbling nationalities.

    http://www.badeagle.com/2011/03/03/amercia-must-discriminate/#more-6877

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  • pig

    yea ok but who also went out and bought stuff they could´nt afford, and still goes out and buys stuff and still wants to go and buy stuff…
    there is no them and us or they etc. just we all here and now… the most precious resource being wasted is humanity itself, and for what????????????????….

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  • Solutions

    “Congress is planning on selling off “unused federal property”.” They won’t just stop there! :roll:

    One of the primary objectives of TPTB is to also end private property ownership in the US … which, IMO, they have almost achieved already through the MERS destruction of millions of clean titles. Expect more developments in this area over the coming 15 months. :cry:

    Donald, “For those who advocate compromise, we have compromised our country into the position we now face. Cap the debt, NOW, then work on compromise.” :) :roll:

    The only way to corner a rat is to remove all the corners.”

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  • Baron Gifilte

    Ah,the useful idiot that was Ronald Raygun.

    He commited the Republicans to treason several times due to the startling fact that advanced age has no part to play in the continuation of the species.

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    • Nick

      Then with that ending thought Baron you should do us all a favor, go stand on a chair, placed your head in a noose and go limp before you even get to your advanced age. What a frightning creature you are!!!!!!

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