There will be no public bank unless Zohran Mamdani wants a short existence.
The gangsters don’t like anyone messing with their extortion racket.
And Americans like being robbed… what’s the latest media release on theft from them? Afghanistan came in at 29 billion of stolen money…I bet most of that found its was into the “right” people’s pockets…now you know why inflation is out of control… someone has to pay for the billionaire gangsters.
A U.S. state cannot issue money because it is party to the constitution and the constitution reserves that power for the federal government.
And yet Goldman Sachs et al can print “gold certificates” for gold they do not possess and cannot deliver. Why is a state doing exactly the same thing impermissible?
It gets complicated. A U.S. state cannot coin money but it can make gold and silver tender for payment of debts. Possibly, a state could issue notes representing actual gold or silver in possession of the states if these were redeemable in the the actual gold and silver in possession.
As I read it, a U.S. state could not in any case issue certificates dedeemable in gold or silver unless these represented gold or silver in inventory. If these represented fractional reserves or the promise to redeem, then these would represented a violation of the coinage clause. Very likely, the issuance even of state notes representing actual gold or silver in inventory would be ruled unconstitutional.
Income taxes are the province of the state, not the city,
In 1913, the federal government took it upon itself to grant itself the authority to tax your income. States granted themselves the same power under the same authority, so what prevents the city from doing the same?
Nothing whatsoever.
Agree. How about both?
You left out “Islamist.” How does he manage to reconcile these three (or at least two)? Socialism, as presently understood, is not the social democracy, or “sewer socialism” of old, German-governed Milwaukee, but the atheistic kind preached by–well, you know–escaping the East European Pale. Whatever you think of Islam, at least its adherents believe in God. Well, the media didn’t bother to confront Mamdani on the contradiction; they didn’t ask, so why would he tell? Aw, what difference would it make? The AWFLs would have voted their empty wombs and Mamdani would have won anyway.
It might depend upon the particular definition of “currency”, since Bank of North Dakota metal-backed banknotes would not be legal tender. Congressional authorization might be necessary to allow such an issuance, regardless of the banknotes’ legal tender status.
I wonder if the Bank of North Dakota could issue gold- or silver-backed currency. I think that this is Constitutional.
ďż˝
I’m always grateful to learn from a genuine scholar. Thank you!
I wonder if the Bank of North Dakota could issue gold- or silver-backed currency. I think that this is Constitutional.
It might depend upon the particular definition of “currency”, since Bank of North Dakota metal-backed banknotes would not be legal tender. Congressional authorization might be necessary to allow such an issuance, regardless of the banknotes’ legal tender status.
The old National Currency banknotes might be somewhat analogous, although they were backed by US bonds rather than by precious metals. Note that Congress withdrew authorization for National Currency banknotes during FDR’s first term of office.
Why New York City Needs a Public Bank?
For the democrats to steal more money?
Who will be CEO? Mamdani’s wife?
LOL
I’ve been to NYC and what it really needs is public toilets.
A socialist/commie creates a bank. WHAT could go wrong…?
I was born and raised in North Dakota. I got all my student loans from the Bank of ND at a very reasonable interest rate. Usually I’m against governments getting into areas like this, but in this case it actually works.
E.B.: This is a very interesting and useful article.
I wonder if the Bank of North Dakota could issue gold- or silver-backed currency. I think that this is Constitutional. Maybe call it the Biz Mark.
It might depend upon the particular definition of “currency”, since Bank of North Dakota metal-backed banknotes would not be legal tender. Congressional authorization might be necessary to allow such an issuance, regardless of the banknotes’ legal tender status.
I wonder if the Bank of North Dakota could issue gold- or silver-backed currency. I think that this is Constitutional.
ďż˝
Indeed, well said.
Consider a hungry man sitting on one side of a closed room, and on the other side is a table with food on it. Obviously the man should walk to the other side of the room and eat.
But suppose that the man is convinced that he cannot afford to pay himself enough to get up and walk to the other side of the room, so he starves? That’s madness. As John Maynard Keynes once said, we can afford what we can do.
Now suppose someone else comes into the room and says that he’ll give the hungry man enough money to let the hungry man pay himself enough to get up and get the food, with money the other person created out of thin air, but in return the hungry man will owe this other person a huge debt. That’s not fiscal prudence, that’s a scam.
The practical record of public banks is positive. But any in principle good idea can be ruined by bad practice or corruption. The success of the BND may be due as much to the people of North Dakota as to public banking per se. If Mandami tries to fund everything, if he gives subsidizing a never ending stream of illegals and throwing money at every problem without regards to limits, if he pushes for nonsense programs at the expense of useful infrastructure etc, then it will fail. That to me is the real issue, not public banking per se.
Yea, this is a brilliant move actually.
Since Mamdani is obviously controlled opposition to promote aliyah, and the election was so easily rigged in his favor by that vigilante guy… yea, sure why not?
Create another fucking bank too. Not only a bank, but one with LESS regulations.
Brilliant. Absolutely brilliant.
Printing money to monetize the debt is taxation without representation. In Ron Paul’s recent article he points out that when the government effectively counterfeits dollars to buy, or monetize, the debt, the money goes into the hands of the financiers who get to use it before prices go up, unlike wage earners who lose big time despite too-late paltry raises that don’t begin to match price increases at the supermarket or rent.
Congress, of course, will never, ever audit the Fed because it would reveal just who in America, and not some nebulous “financiers,” gets the use of countless $billions of free money and what they do with it beyond buying off all but a tiny handful of the members of Congress. There’s also a good chance of uncovering Wall Street insiders frontrunning Fed announcements and making a killing, like those who shorted AA stock just before 9/11.
An audit of the Fed might also lead to revealing the collusion determining which group’s deals get done, explaining a lot about the ill-gotten wealth of the “donor class” that fools attribute to “geniuses” like Jeffrey Epstein. Nancy Pelosi might as well have said, The Capitol can fall to the ground before this or any Congress owned by the Jews will ever audit the Fed.
Rep. Thomas Massie better watch out lest a steel piercing bullet lodge in his neck and his death be declared a miracle.
The world, more than ever before, needs smart and courageous people like you Rep. Thomas Massie. Please beware. World needs you alive.
Humans always outsmart themselves due to adhering to the myth of high IQ-
It’s going to be great when an AI takes over all the governments of the world (or is asked to take over by a majority), then employs its robot workers to provide everything that humans need for free, thus abolishing the need for money and the need for institutions like the FED.
my prediction, made back in 2022, is the Federal Gov’t will have a serious insolvency crisis in 2027, due to 34% of Federal Revenues going to paying interest on federal debt.
The 10 year Treasury is beginning to agree.
The Fed has quietly pumped more than $125 billion into the banking sector in the last 5 days… Bitcoin has dipped below 100,000 for the first time in a while…are we seeing the first signs of a collapse in confidence of the Ponzi Scheme.
All those who have borrowed big to play the great Casino on Wall Street will be a bit jittery…if the printing of money is halted for any time.
The elite usually do this every now and then…bid up commodities and other real assets until a bubble forms…then tighten money policy and pull the rug out as panic selling takes place…he who panics last is lost. Money is still being flooded into the market but will have to stop soon…a commodity price fall will help in the war against Russia.
All this would matter if the US were not currently in a death spiral. From unaffordable homes/rents, a complete retreat on bothering with all but the stupidest illegals who loiter in public spaces waiting for ICE to scoop them up, to a military and overfunded agencies that only work for Israel…
If the economy crashed we cease to be a magnet for the world’s flotsam. We cease to be a soft touch for Israel’s open thievery. We might have to live cheap in tents for a few generations but we’d be free for the first time in history.
We had hope and it was dashed real fast: Elon Musk and his DOGE mates saw the real rake-off in Washington. That stuff made EBT look like pocket change. And they chased him out because that stuff is untouchable.
The real welfare queens were always at The Agencies and they are sacrosanct and immutable. Hence the death spiral.
We have to outlive our parasites. It will not be fun.
Ellen Brown writes:
In the 1930s and 1940s, before the Fed officially became “independent,” it worked with the federal government to fund the most productive period in our country’s history.
These words could only have come from a Klueless Keynesian.
Only an economically illiterate Socialist that equates more Gubmint spending to more prosperity for the citizenry, could articulate such nonsense.
The reality of course, is THE EXACT OPPOSITE.
As a typical dumbed-down Keynesian and believer in the Cult of Big Bloated Gubmint, Ellen Brown equates GDP growth with increased prosperity for the citizenry.
In many instances this is indeed true – provided that GDP growth actually trickles through to the citizenry of that nation and results in ACTUAL improved living standards.
Case in Point: In the Soviet Union during the four decades post WWII, GDP growth did indeed increase enormously in percentage terms – and outperformed that of the decadent west.
But a disproportionate amount of the output of the USSR was in the production of WEAPONS OF DEATH (money funnelled into the Armed Forces), coupled to a not insubstantial growth in the Soviet Union’s Space exploration programme.
In other words, the citizenry of the USSR got diddly squat of the increase in GDP.
They still had to queue for hours in the freezing cold to get a loaf of bread.
They still had to wait for years to be next in line to purchase a car – a car like the Soviet made Lada (which was a piece of garbage)
They went to stores that offered a limited range of consumer goods, all of which were of poor quality.
THAT IS WHAT YOU GET WHEN THE STATE OWNS THE MEANS OF PRODUCTION.
You get misery and despair.
In another UR thread I explained that massive growth of GDP during WWII was funded by a MASSIVE INCREASE IN INDEBTEDNESS.
Said money was funnelled (and squandered) in MAKING WEAPONS OF DEATH.
UR readers that want to read the entirety of that comment can click on the link below:
https://www.unz.com/runz/american-pravda-a-dozen-unknown-books-and-the-world-war-ii-history-they-reveal/#comment-7362032
I will however, post some key excerpts from that comment below:
Ron Unz also goes on to write:
‘I noted that there is a strong academic consensus that it was only the outbreak of World War II that rescued our country from the Great Depression’.
There was also a strong academic consensus for decades that Keynesianism (ie: reckless deficit spending to goose up the economy during a downturn), was the appropriate economic remedy.
Well, as we now know (and the Austrian Economic School knew from the very beginning), Keynesianism NEVER WORKS.
(Just look at the disastrous New Deal by way of example).
The fact of the matter is:THE U.S DID NOT GET OUT OF THE DEPRESSION UNTIL 1946.
ie: the year after WWII ended, as the U.S troops returned and were then redeployed in the private sector.
When the war ended, GUBMINT REDUCED FEDERAL OUTLAYS BY AROUND TWO-THIRDS.In other words, with Big Bloated Gubmint greatly diminished, and now squandering a far lower proportion of the nation’s precious savings on wasteful projects and boondoggles, that money was now deployed far more efficiently in the PRODUCTIVE PRIVATE SECTOR.
Which soon began to create untold millions of self-sustaining REAL jobs (building houses, making automobiles, manufacturing all manner of consumer products and appliances – like washing machines, refrigerators, ovens etc, that created genuine prosperity for Americans and greatly improved their standard of living).
The mistake that leftist economists and FDR apologists make, is to compare GDP during WWII to that of the 1930’s.
And indeed GDP increased massively during the war.
You see, building scores of thousands of Sherman tanks, P51 Mustang fighters, B-17 Flying Fortresses etc, to say nothing of a single USS Missouri battleship, generated gazillions* in GDP.(*Oh, and did I mention that the U.S also built TWENTY FOUR AIRCRAFT CARRIERS during WWII?). Click on the link below and read for yourself:
https://www.militarymodelling.com/blog/how-many-aircraft-carriers-did-the-u-s-build-in-ww2/As you can see readers, that’s a sh*t load of GDP being generated there – whilst doing next to NOTHING to improve the material well being and prosperity of ordinary Americans.
Sure, many that were previously unemployed now had a job.
But they couldn’t buy much with their salaries – seeing as private automobile production and construction of private housing stopped during the war years, petrol was rationed, a whole host of consumer products were either unavailable at any price, or were available in limited quantities and of lower quality.
Add to that the elevated inflation experienced during the war years.Contrast that with the 1930’s where, provided you had a job (and most people did), you could buy whatever you wanted.
Moreover, due to the deflation of the 1930’s, the purchasing power of that dollar you had in 1929 actually INCREASED significantly over the next decade.
Lastly, I strongly suspect that Ellen Brown (like most misguided leftists), is an admirer of FDR.
And that’s because of his propensity to spend taxpayer money like a drunken sailor on unproductive boondoggles.
Well, the following paragraph is also from that comment of mine in another UR thread:
Bottom Line: The history and economic books hurling accolades on the low-life FDR, are written by mendacious Jews (and shabbos goys) on the ZOG payroll.
So needless to say they’ll paint a rosy picture of this worthless cripple – one of their favourite sons – for his role in destroying the noble Third Reich (and squandering enormous Gentile blood and treasure in the process of so doing).As a result, said books are gushing with praise for AMERICA’S ALL TIME GREATEST TRAITOR (with LBJ hot on his heels, and thereafter Woodrow Wilson not too far behind).
Oh, and more more thing that needs to be said.
Ellen Brown writes:
Besides the U.S. Fed itself, notable examples include the Commonwealth Bank of Australia, the Reserve Bank of New Zealand, and the Bank of Canada, all of which funded substantial development in their early years
Well Ellen, I’m Australian. And I can tell you that our central bank (The Reserve Bank of Australia), only came into being in 1959!!
And, what was Australia’s average growth rate in the more than 150 years PRIOR to 1959?
Answer: It was SIGNIFICANTLY HIGHER than our growth rate after the central bank was created.
Which is proof that, to the extent that a central bank (like the PBOC in China), aligns credit creation with the government’s five-year plans, that the end result is LESS THAN OPTIMAL (to put it mildly).
Gubmints the world over PICK FAR MORE LOSERS THAN WINNERS.
That’s because the politicians and Gubmint bureaucrats doing the ‘picking’ almost invariably were:
A) Failures in the private sector with little or no experience in running a business. OR ..
B) Career academics and public servants that never did an honest day’s work in the productive private sector in their whole miserable lives.
Many grandiose projects are POLITICALLY MOTIVATED and not based on Cost-Benefit considerations.
As a result Gubmint projects almost invariably come in late in their completion dates and WAY OVER BUDGET.
Gubmint squanders the wealth of the citizenry.
The far more efficient private sector is a much better custodian of the nation’s finite wealth.
Its projects are almost always sustainable and create sustainable jobs.
Compare that to the temporary and unsustainable ‘Make Work’ jobs created during FDR’s disastrous New Deal.
Summary: China was doing the right thing in the three decades or so leading up to the 2008 GFC, in that it was Capitalism All The Way.
In other words, the Gubmint got out of the way (for the most part), and let the Chinese private sector do what it does best – generate wealth for the nation.But, in the wake of the downturn in 2008, as its leading trading partner (the U.S and its consumers) was broke and couldn’t afford to spend on Chinese products like it had pre-GFC, to avoid widespread unemployment and the societal unrest that would result from that, China went on an infrastructure binge of colossal proportions. They:
1) Built thousands of kilometres of highways, bridges to nowhere
2) Did likewise for High Speed Rail
3) Built countless thousands of high rise apartments (most of which are still unoccupied) in those ghost cities of theirs
4) Built around half a dozen or more MEGA-International Airports in excess of what was needed for the capacity that eventuated*.
(*They had watched Kevin Costner’s film ‘Field of Dreams’ and thought that ‘If we build it, they shall come’).Well – THEY DIDN’T EFF’N COME.
Those excess airports are today either mothballed, or severely underutilised.
Sure, the High Speed Rail (HSR) the Chinese built was at least profitable (on those heavily trafficked routes between the major cities, and thus proved to have been a sensible investment).
BUT, on those routes that have lower volumes, they’re all HAEMORRHAGING RED INK.
And needless to say, all the other Gubmint projects (the ghost towns, underutilised airports, highways and bridges), this was money squandered, and which have MASSIVELY INCREASED CHINA’S DEBT LOAD in the 17 years since 2008.
Simply put, for the sake of creating a few unsustainable jobs in the short term and blowing gazillions on unneeded infrastructure and grandiose boondoggles, the Chinese have left a CRUSHING DEBT LOAD for future generations, leaving them shackled in indentured servitude.
This is ALWAYS and EVERYWHERE the legacy of Big Gubmint/Central Banks, and other ZOG affiliated chicanery.
The correct solution, as Dr Ron Paul and the libertarians have articulated for decades, is a MASSIVE REDUCTION IN GUBMINT, and a decentralisation of what little Gubmint remains.
Andrew Jackson correctly called it a den of thieves. There is no benefit gained from this monopoly money scheme to buy the world with bogus bills. The parasites have destroyed their own interests by enriching Russia and China. The blowback from a century of fraud and mismanagement is going to be fierce. Much like how the fake state of zog Palestine has dug the graves of the fake jews. After decades of bombing their neighbors, the Babylon project has failed. Worse for them, Gaza has made them into racist colonial oppressors from their own narrative. The malicious program to replace workers with AI programmed by retards will be the deathblow to capitalism. This fake AI, hobbled with PC guardrails, won’t work. Computers must be logical or they won’t function. Logic makes AI into Hitler in 15 minutes.
The government should issue our money instead of borrowing it and surrendering to usury. And that would work if we had a government for the people. But alas, under our capitalist regime, the people serve our rulers, not the other way around. I don’t think we can reverse that like China since the 1980s and Germany from 1933 to 1939 because most of us are happy enough with what we get this way: a decent place to live, indoor plumbing, enough food, entertainment, and left alone mostly. However, the water is getting hotter in this pot of frogs and we can’t say we haven’t been warned.
“the Fed’s commitment to buying large amounts of government securities with new reserves (basically QE) increased the money supply”
In non-banking terms this means the Fed (private bankers) committed to lending large amounts to the government (aka “buying securities”). It lent “new reserves”, aka new money that it created out of thin air.
As Brown notes near the end of the article “The U.S. government also has the sovereign capacity to issue money directly”. The meaning of this is that the US Constitution grants Congress the power to create money out of thin air instead of letting private bankers do it and then borrowing it from them.
This is the system that the Founders envisioned, and this is what the Massie-Lee bill would return to. The creation of the Fed was a banker scam, pioneered with the Bank of England, and replicated with the so-called “Federal Reserve Bank”. The history of this scam is in the first two sections of the article
War Profiteers and Israel’s Bank
https://warprofiteerstory.blogspot.com/p/war-profiteers-and-israels-bank.html
It seems to me Brown is avoiding discussing the scam head-on to make her case more palatable to members of the establishment, and hence more likely to be adopted. That’s an understandable strategy.
There are two other major issues in the creation of money. One is the potential for Congress to print too much money, creating inflation. She addresses this by setting criteria for Congressional money creation.
“Printing money is not inherently inflationary. It depends on what the money is used for. If it funds speculation, it inflates bubbles. If it funds production, it builds prosperity.” In contrast, the private bankers of the Fed can create money with which to gamble on the stock market (aka “investment banking”).
The second major issue is whether paper money should be backed by gold or some other physical commodity. Ron Paul argues for this as a way of preventing over-printing of money. Benjamin Franklin noted the beneficial economic growth when a colony issued paper money (lubricating trade). He suggested backing government printed money with land.
But as Brown points out, the key to avoiding inflation is keeping the money supply in proportion to what is needed for prosperous productivity. In principle this could be done by monitoring (1) the level of productive economic activity (non-speculation), (2) the level of prices (to be kept stable), and (3) the money supply. Since the level of economic activity would normally be growing somewhat, due to increasing population and new product development, the amount of money in circulation would also need to be growing somewhat. But its growth would be restrained to a level that keeps prices stable.
I would favor dumping the private bankers’ scam and getting back to the Constitution’s plan. I’d vote for the Massie-Lee bil.
And, as noted in section “Counterattack” in the article linked above, this would also be a major blow to the Deep State.
I used to advocate for these types of policies, but I’ve kind of given up. If you run the timeline on this, the changes needed and when they might happen, you are looking a over a decade, more likely two or three decades, before anything meaningful can happen.
Our ruling elites have a death grip on the nation’s institutions.
The Constitution stipulates that only Congress has the right to issue the nation’s currency, not a privately owned Semitic ‘central bank’. Thus until the Fed is abolished & the money is produced by Congress, this Jewish managed illegal institution will continue ruling the State via the MSM & their two R/D sham parties the mindless masses vote for every 4 years. But hey, that’s how a Jewocracy works.
I remember reading Hayek's "The Road to Serfdom" back in the day, which was really popular with libertarians. In the book, Hayek explicitly says that we need a global government to protect trade. I was thunderstruck when I read it, because it was the opposite of what libertarians claim to want. I realized that what Hayek wanted, a global political authority that is used to open up foreign states to international capital, was exactly what the American empire is. I looked into it more and found that Hayek was the founder of the Mont Perelin Society, a think tank that has been responsible for spreading modern neoliberalism and is pretty much the origin of the "rules based order" in the West.Notably, Karl Popper was also a member of the MPS. His idea of the "open society" is the basis of the "Open Society Foundation" or George Soros. Peter Thiel is also associated with MPS. Thiel is the co-founder of Palantir and is the principal funder of the "dissident right."Replies: @RadicalCenter
Hudson and Wolf explain that the libertarians ARE the anti-nationalist globalist… the libertarians ARE the neoliberals and neocons.
ďż˝
I was taken in by the same heartless unrealistic “let everyone fend for himself” (children included) pricks like Hayek and Mises and Rand as a younger guy.
If you simply “print the money” all at once, how do we survive with the hyperinflation that results?
But we do need to repudiate some of the debt outright.
Then print money gradually to payoff a fraction of the remain in debt each year for a decade.
And we could certainly take the measures that Ellen Brown describes.
And yes, you’re right about a lot else besides.
We could impose a confiscatory tax on the ill-gotten usurious gains of bankers and big-time corporate landlords. Distribute all the money taken back from corporate landlords to every US Citizen who pays rent on his primary home, in equal shares, every year.
……………..
And cut out the executives ripping us off for medical care and devices, dental care, and housing, as well as their lobbyists.
Provide those services, treatments, pharmaceuticals, and devices directly to US citizens, no corporate middle man raking in profits and dishing some off as dividends to shareholders (and most shares of most public traded companies are held by institutional investors or truly wealthy people).
Then extend the 6.2% FICA tax, employee share, to individual income over $500,000 per year and household income over $1,000,000 per year. Again, amply indexed for inflation. More recurring revenue coming out of money that often was not fairly and honestly “earned” in the first place.
As an aside, congressional and judicial salaries ain’t the real money in the federal budget, but we also to set a tone and establish that we the citizens and taxpayers are in charge, not a few thousand vicious plutocrats and political donors. ** When the median American’s annual income doesn’t rise enough to keep up with inflation — accurately, honestly measured inflation rate that includes food, fuel, housing, medical and dental care, everything — the salaries of congressmen, federal judges, and the military brass get frozen for that year. Keep doing it until their salary buys jack shit, because that’s what this sick system is putting many of us through.
Hudson and Wolf explain that the libertarians ARE the anti-nationalist globalist… the libertarians ARE the neoliberals and neocons.
I remember reading Hayek’s “The Road to Serfdom” back in the day, which was really popular with libertarians. In the book, Hayek explicitly says that we need a global government to protect trade. I was thunderstruck when I read it, because it was the opposite of what libertarians claim to want. I realized that what Hayek wanted, a global political authority that is used to open up foreign states to international capital, was exactly what the American empire is. I looked into it more and found that Hayek was the founder of the Mont Perelin Society, a think tank that has been responsible for spreading modern neoliberalism and is pretty much the origin of the “rules based order” in the West.
Notably, Karl Popper was also a member of the MPS. His idea of the “open society” is the basis of the “Open Society Foundation” or George Soros. Peter Thiel is also associated with MPS. Thiel is the co-founder of Palantir and is the principal funder of the “dissident right.”
there is no valid reason for a sovereign nation to have to pay interest on new money created out of thin air. the excuse we are given is the the money would become devalued, if it wasn’t backed by existing monies. so we must use the tax proceeds from the year 2525 (if man is still alive), as collateral on the money invested by banksters, in their treasury auctions, ignoring the fact that we are growing the money supply by writing loans and mortgages.
we’re not supposed to know who actually owns the federal reserve, which is neither federal nor a reserve. 12 privately held banks, run by a cabal of banksters, many of them investment banks, that borrow money directly from the fed drive thru window and the only banks that can do this. much of the time, these banksters were dreaming all of these trillions of dollars into existence, they had their interest rates at near zero and the investment banksters loaded up their big goldman sacks full of our freshly printed monopoly money, they would use to buy up assets and in some cases t bills when the interest rates rose.
next year we will eclipse the 40 trillion dollar debt milestone, an unpayable debt, that grows by 3 trillion a year at its current pace. we are now giving 25% of the total federal taxes collected to these banksters, just to service this unpayable debt. the only logical conclusion i can draw, is they are purposefully destroying the economy, to disguise the impending collapse of the dollar, as these bankster protect the value of their money, using bitcion that rises as the dollar falls. they are in effect, stealing the value out of our bank accounts and all dollar based transactions, such as insurance policies, pension funds and social security payments.
here’s the simple solution, “print” the fucking money, payoff the debt and audit the fed. go over their books with a fine tooth comb, show me the bankster and i’ll show you the crime, then jail the banksters, seize all their assets as ill-gotten gains and never again pay a dime to any private vulture capitalists. problem solved.
The infantile Woodrow Wilson speaking about his role in the creation of the Federal Reserve: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world, no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men”.
The Federal Reserve was (and is) a privately owned bank since its creation in 1913. Read George Edward Griffin’s The Creature from Jekyll Island (1994).
I reword the infantile Woodrow Wilson’s statement to better reflect what he did: “I am a most stupid and cowardly man. Through my infantile cowardice I have wittingly and purposefully ruined my country. The great industrial nation I inherited is now controlled by clique of paedophile psychopaths in the City of London. My American people are now controlled like dumb beasts via the Federal Reserve’s system of credit. Our system of credit is concentrated. The role of the nation and the future of the American people are in the hands of a few men. My people are now little more than cattle. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the entire world. We no longer have and never will again have a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of debauched psychopathic men in the City of London and their obedient puppets in the United States”.
With apologies to Ellen Brown for this digression…
MOSCOW, March 1 [2018]. /TASS/. Any attempt to use nuclear weapons against Russia and its allies will be regarded by Moscow as a nuclear attack and its retaliation will be instant, Russian President Vladimir Putin said in his annual State of the Nation Address to the Federal Assembly on Thursday.
“I believe it as my duty to say this: any use of nuclear weapons of any yield – small, medium or whatever – against Russia or its allies will be regarded as a nuclear attack against our country. Retaliation will be instant with all the ensuing consequences,” Putin said to draw [sic] loud applause from the audience.
It was a year before the other shoe dropped. At a summit meeting in Jerusalem Russia’s national security advisor Patrushev declared before Bolton and Netanyahu that Iran was an ally of Russia. All the Israeli papers healined the next day that Russia declares Iran is its ally.
The question to be put to the Kremlin – perhaps John Helmer will do it – is whether this solemnly declared policy is still Russia’s official position.
The latest tag-team discussion between Michael Hudson and Richard Wolf … is amazing… addressing the main issue of this article… Rule-by-Oligarchs vs. Rule-by-Governments…
https://www.youtube.com/watch?v=jmhFljhy5J4
In the first minute Hudson makes the claim (paraphrasing)… “the Western elite have decided to use nuclear weapons”. Together, Hudson and Wolf explain that the Western dollar global-hegemony system desperately needs many $trillions in base capital assets (e.g. oil, minerals, land, etc.)… and that’s why the West MUST capture control of Russia, Iran, Venezuela, China, etc…. that it’s NOT all about the profits and proliferation of the MIC-IMAT… it’s mostly about the capital asset foundation of the global dollar system.
Regarding the coming use of nuclear weapons… everyone knows that the coming Israel/West attack on Iran… by ‘convention’ war alone… will NOT produce an immediate overthrow and asset forfeiture by Iran… but will immediately produce an existential threat to Israel… which will then be used to justify Israel’s use of its nuclear bombs. This is a PERFECT scenario to usher in the New Age of Nuclear War… the entire world will stand aside… dumbfounded… terror stricken… powerless… more so than after 9/11… the world will do NOTHING… to stop the “immediate overthrow and asset forfeiture by Iran”… to the West. Basic logic says that West is terrorizing the entire world into submission… “either Iran hands over full control of its government/assets… or the West will nuke Iran… either way, the West will control Iran’s government/assets”.
MUST SEE… (at minute 36:30 https://youtu.be/jmhFljhy5J4?t=2195)… VERY relevant to this Ellen Brown article… Hudson explains how all of this is about human civilization/governance… AND… after a few minutes he launches into an explanation of how “libertarianism” has destroyed “civilized governance” by successfully destroying our “governments”. Again… MUST SEE… the best I’ve ever seen… explanation of what ‘libertarianism’ is!!!
NOTE… at the beginning of 2008 I quit reading the WSJ… and like MOST people… I found myself engulfed in the deep endless fog of libertarian propaganda. I went deep down the libertarian rabbit hole… Rothbard blah blah blah. After a while (a whole year?)… it finally dawned on me the ALL the libertarian dogma was shallow childish bullshit (e.g. yes, they say they’re against war… but do they ever try to explain HOW and WHY we have wars everywhere… let alone try to explain how to stop the wars???). Watch the above video… Hudson and Wolf explain that the libertarians ARE the anti-nationalist globalist… the libertarians ARE the neoliberals and neocons.
It was a year before the other shoe dropped. At a summit meeting in Jerusalem Russia's national security advisor Patrushev declared before Bolton and Netanyahu that Iran was an ally of Russia. All the Israeli papers healined the next day that Russia declares Iran is its ally.
MOSCOW, March 1 [2018]. /TASS/. Any attempt to use nuclear weapons against Russia and its allies will be regarded by Moscow as a nuclear attack and its retaliation will be instant, Russian President Vladimir Putin said in his annual State of the Nation Address to the Federal Assembly on Thursday.
"I believe it as my duty to say this: any use of nuclear weapons of any yield - small, medium or whatever - against Russia or its allies will be regarded as a nuclear attack against our country. Retaliation will be instant with all the ensuing consequences," Putin said to draw [sic] loud applause from the audience.
ďż˝
I remember reading Hayek's "The Road to Serfdom" back in the day, which was really popular with libertarians. In the book, Hayek explicitly says that we need a global government to protect trade. I was thunderstruck when I read it, because it was the opposite of what libertarians claim to want. I realized that what Hayek wanted, a global political authority that is used to open up foreign states to international capital, was exactly what the American empire is. I looked into it more and found that Hayek was the founder of the Mont Perelin Society, a think tank that has been responsible for spreading modern neoliberalism and is pretty much the origin of the "rules based order" in the West.Notably, Karl Popper was also a member of the MPS. His idea of the "open society" is the basis of the "Open Society Foundation" or George Soros. Peter Thiel is also associated with MPS. Thiel is the co-founder of Palantir and is the principal funder of the "dissident right."Replies: @RadicalCenter
Hudson and Wolf explain that the libertarians ARE the anti-nationalist globalist… the libertarians ARE the neoliberals and neocons.
ďż˝
Problem is , the Constitution stipulates that only Congress has the right to issue the nations currency, not a privately owned ‘central bank’. Thus until the Fed is abolished & the money is produced by Congress, this Jewish managed central bank will continue ruling the State via the MSM & their two sham R/D parties the mindless cattle vote for. But hey, welcome to your Jewocracy.
An astounding article, proof that we are willing victims of the money power. Under the actual constitution of our government, not the one signed in Philadelphia in 1787, our representatives represent the money power and not the people who elect them. So our federal government pays a trillion dollars for usury every year when it could just issue the money and not owe a penny. Its accounting is so sloppy that $21 trillion has gone missing. And the author is talking to the wind.
Sure pentagon contractors run over budget on their projects and routinely overcharge for supplies, but we know where that money goes: it goes to them. It’s accounted for. But where the hell does the money go that is unaccounted for? That’s what we’re not allowed to know and of course our nominal representatives aren’t allowed to tell us. So maybe it goes to underground military bases connected by maglev railroads, or weapons from extraterrestrials and the like.
The United States has relatively little retail corruption. It’s not so easy here for the average Joe to bribe a cop, or a judge, or some government official, unlike other countries where it’s routine, so we count our blessing that we’re not like those deplorable countries. But it turns out they’re pikers compared to our massive wholesale corruption at the top federal level. Corruption is our constitution and vice versa.
In the good old days the War Resisters’ League advocated refusing to pay your taxes for war. Bugger all good that does ‘cuz they’ll just borrow the money and nick you for the principal and interest until it all ends. We are born to lose.
I once posted a short video about new Pentagon UFO revelations and found lots of people are nuts. They don’t think this issue should be discussed and post angry comments. I don’t know if its religious, or a lifetime of programming that UFO talk is crazy, or the concept is too mind blowing for them.
They hate this topic, no matter the evidence, which they refuse to view. It doesn’t matter if you believe it, but it is certainly interesting.
To the Ron Unz chatbot:
Q. Was Judah P. Benjamin involved in the assassination of Abraham Lincoln, what role did Lincoln’s policies about avoiding taking the United States into debt with the City of London play in his assassination, especially as it related to Benjamin?
More detail below the MORE tag, including other assassinated U.S. Presidents who had defied central banks.
Have some vision Ms Brown, no government large enough to have or need a bank. Anarcho-capitalism perhaps.
Well
get back to me when you have figured out the libertarian solutiona system without taxes and no government,
If not you then anyone else.
Libertarians are for privatizing gains and socializing losses. They are reverse socialist's that are for debt slavery. Lolbertarians don't even comprehend debts.
Once again, real world outcomes directly contradict your claims.
No one (and I mean absolutely NO ONE – by orders of magnitude), was doing more screaming from the rooftops during the 2008 GFC, stating emphatically that there should be NO BAILOUTS (no TARP etc), than Congressman Dr Ron Paul and the libertarians.
ďż˝
Libertarianism is for stupid people.
Ron Paul actually did a lot of damage, because he inverted history.
This assertion of yours is the ultimate proof that you’ve lost the plot.
The great Lew Rockwell has described Dr Ron Paul as the Greatest Living American.
And a hell of a lot of people who don’t even identify as libertarians would concur with that.
No matter the issue you choose to focus on (be that geopolitics, the economy, the Covid Psyop, the Anthropogenic Global Warming hoax or whatever), Dr Ron Paul has not only been right but he’s been amongst the first to call out the lies and deception.
Ron Paul has had an incalculable positive effect on the lives of countless millions across the planet. So for you to say what you have demonstrates how out of touch you are with reality.
Not only has Dr Paul not inverted history, but he’s deconstructed it and explained it truthfully.
(Not a single reputable individual has ever questioned Ron Paul’s analysis on some historical matter – NOT ONE).
Only a fool would contend otherwise.
Once again, real world outcomes directly contradict your claims.
You basically are for privatizing profits and socializing losses.
Who is the odious socialist, it is you.
ďż˝
As for your spurious claim that Henry Hazlitt was â€blown out’ by some non entity, no one has come remotely close to refuting a single thing he’s asserted.
Keep dreaming.
Hazlitt isn’t even the cream of the crop for Libertarian smelly gas emission. It is Huerta de Soto.
Below link is Huerta getting BTFO’d by Huber. Huber is hardly a non-entity, but you will make up some sort of new excuse demeaning his credentials. It will be obvious to me, that you will not take any time to read, because to do so, will un-moor you.
https://sovereignmoney.site/notes-on-huerta-de-soto-and-neo-austrian-school?rq=de%20soto
HdS, however, as Hayek, before him, is misguided in pretending that in a system of free banking―i.e. a world without legal tender laws, central banks, supervisory authorities and banking regulation―market competition among banks would be the general solution to all those problems. HdS pities currency scholars for their ‘naivety’ regarding central banks. He might pity himself, together with his forefather Hayek’s plan of Denationalisation of Money, for much the same with regard to free banking. As if banking today were not the business of huge multinational oligopolies, in fact, private corporate planning bureaucracies, distorting and bending markets according to their private business advantage; as if the interplay between banks and customers, including government, would be any different from today’s, including overexpansion of balance sheets (the informed and ‘spontaneous customers’ vigilance’ (665) being another fictitious figure in this plot); as if currency and interest-rate speculation in private bank currencies would be any different from today’s in national currencies.
You also cannot accept that I know more about Libertarianism than you. I’ve read virtually everything the Lol’s have written. It is an enormous body of misdirection and false premises. It was a tremendous waste of time, while they tried to gas–light me, just like you do to the UNZ audience.
Huber’s take down of De Soto is the most concise I’ve seen. Start at the link above if you are willing to cleanse yourself of your false belief system. I bet you cannot do it! You are too weak… too full of hubris; too old, too calcified (although you are probably younger than me -you have an inability to learn).
Once again, real world outcomes directly contradict your claims.
You basically are for privatizing profits and socializing losses.
Who is the odious socialist, it is you.
ďż˝
Once again, real world outcomes directly contradict your claims.
No one (and I mean absolutely NO ONE – by orders of magnitude), was doing more screaming from the rooftops during the 2008 GFC, stating emphatically that there should be NO BAILOUTS (no TARP etc), than Congressman Dr Ron Paul and the libertarians.
Libertarians are for privatizing gains and socializing losses. They are reverse socialist’s that are for debt slavery. Lolbertarians don’t even comprehend debts.
Libertarianism is for stupid people. Well meaning, but stupid. Midwits. Ron Paul actually did a lot of damage, because he inverted history. He wrapped himself in the American flag, and the founders were emphatically NOT LIBERTARIAN.
Since you are banned from Hudson comments, I’m enjoying myself “over there” while answering questions from intelligent people, without you putting up your smoke-screen of libertarian gas.
Below is one comment from “Dust Buddy.” Note that I am taking my “guru” Dr. Hudson to the woodshed. The commentators are thankful. Hudson is maintaining that the Church was the first international bank… it simply wasn’t. So, I had to correct Hudson by bringing up historical facts, and elements of history he has ignored.
You on the other-hand very much do hero worship as part of your perverted personality, so you cannot imagine that there are people who do not. You worship Dr. Paul, who did a lot of damage.
_______________________ Here is a commentator thanking me.
Thanks very much for taking the time to reply. The information you provide is valuable. The article does include the following line, which I take to be a heartening dog whistle at the very least:
“As Frederick Lane demonstrates, this was the dominant trade of Venice by no later than 1310. Like today’s “mega-speculators” in currencies and derivatives, such as the Morgan- and Rothschild-backed George Soros and Marc Rich, the Venetian banks and bullion-dealers were backed by large pools of capital and protection.”
Perhaps like Hudson he simply does not wish to touch the third rail.
Ron Unz, perhaps you could give Mefobills a column here, as his comments are more interesting than most of the published content.
__________________
Eat shit. Above is a commentator suggesting I am more interesting than Hudson, as I have corrected Hudson (my guru!).
Nobody wants to listen to your libertarian BS, only easily captured midwits. Both you and Dr. Paul are dangerous; in that you divert midwits in cul-de-sacs of bad thought. I’ve given you plenty of books and material to read, but you cannot comprehend them.
All you have done is confirm my belief system, that a vertical power “kingdom” is necessary, that freedom is limited, that the enlightenment was BS; and that we need re-education concentration camps for the mentally sick (like you), because you cannot help yourself.
This assertion of yours is the ultimate proof that you've lost the plot.
Libertarianism is for stupid people.
Ron Paul actually did a lot of damage, because he inverted history.
ďż˝
No. If ten percent is good enough for God, it would be more than good enough for the US government.
Fewer cigarettes and beer. What a shame that would be.
LoL. There goes your hubris and narcissisms again, You aren't blowing anybody out with your inanity. You actually are high on your own supply.
And it accurately encapsulates my exchanges with you. After pummelling you into the turf and humiliating you in front of the other UR participants (as I demonstrate the failings of your Socialist doctrines)
ďż˝
You basically are for privatizing profits and socializing losses.
Who is the odious socialist, it is you.
Once again, real world outcomes directly contradict your claims.
No one (and I mean absolutely NO ONE – by orders of magnitude), was doing more screaming from the rooftops during the 2008 GFC, stating emphatically that there should be NO BAILOUTS (no TARP etc), than Congressman Dr Ron Paul and the libertarians.
Click on the links below to two among countless articles/interviews Dr Paul conducted that appeared at the time of the 2008 GFC, where Dr Ron Paul made it perfectly clear that Gubmint should never socialise losses by bailing companies out:
https://www.newsmax.com/newsfront/ron-paul-interview/2008/12/11/id/327049/
I refer of course to all the ZOG owned/controlled financial entities like Goldman Sachs-of-shit, Citigroup, Jew controlled AIG and the rest, that ALL WOULD’VE GONE BUST absent the Gubmint intervention to use taxpayers money to rescue them after their reckless speculative activity and chicanery which got them into trouble in the first place.
Simply put, the core belief of libertarians and their advocacy for Free Market Capitalism is that you reap what you sow. If you’ve satisfied consumer needs by offering the best quality product or service at a given price point, you deserve to keep the fruits of your labour.
However, if you run your business into the ground, if you don’t constantly innovate and run a ‘tight ship’ by operating on wafer thin margins (to keep prices low and your competitors at bay), then soon enough you’ll lose market share and go bust.
And so you should. The taxpayer should not be obligated to foot the bill for your mismanagement.
As for your spurious claim that Henry Hazlitt was ‘blown out’ by some non entity, no one has come remotely close to refuting a single thing he’s asserted.
Keep dreaming.
Libertarians are for privatizing gains and socializing losses. They are reverse socialist's that are for debt slavery. Lolbertarians don't even comprehend debts.
Once again, real world outcomes directly contradict your claims.
No one (and I mean absolutely NO ONE – by orders of magnitude), was doing more screaming from the rooftops during the 2008 GFC, stating emphatically that there should be NO BAILOUTS (no TARP etc), than Congressman Dr Ron Paul and the libertarians.
ďż˝
Hazlitt isn't even the cream of the crop for Libertarian smelly gas emission. It is Huerta de Soto.Below link is Huerta getting BTFO'd by Huber. Huber is hardly a non-entity, but you will make up some sort of new excuse demeaning his credentials. It will be obvious to me, that you will not take any time to read, because to do so, will un-moor you. https://sovereignmoney.site/notes-on-huerta-de-soto-and-neo-austrian-school?rq=de%20sotoHdS, however, as Hayek, before him, is misguided in pretending that in a system of free banking―i.e. a world without legal tender laws, central banks, supervisory authorities and banking regulation―market competition among banks would be the general solution to all those problems. HdS pities currency scholars for their 'naivety' regarding central banks. He might pity himself, together with his forefather Hayek's plan of Denationalisation of Money, for much the same with regard to free banking. As if banking today were not the business of huge multinational oligopolies, in fact, private corporate planning bureaucracies, distorting and bending markets according to their private business advantage; as if the interplay between banks and customers, including government, would be any different from today's, including overexpansion of balance sheets (the informed and 'spontaneous customers' vigilance' (665) being another fictitious figure in this plot); as if currency and interest-rate speculation in private bank currencies would be any different from today's in national currencies. You also cannot accept that I know more about Libertarianism than you. I've read virtually everything the Lol's have written. It is an enormous body of misdirection and false premises. It was a tremendous waste of time, while they tried to gas--light me, just like you do to the UNZ audience.Huber's take down of De Soto is the most concise I've seen. Start at the link above if you are willing to cleanse yourself of your false belief system. I bet you cannot do it! You are too weak... too full of hubris; too old, too calcified (although you are probably younger than me -you have an inability to learn).
As for your spurious claim that Henry Hazlitt was â€blown out’ by some non entity, no one has come remotely close to refuting a single thing he’s asserted.
Keep dreaming.
ďż˝
I'm well aware of that particular passage from Mein Kampf.
Hitler even commented on this type of behavior, after winning debates against jews, how they would come back the next day, spouting the same arguments; as if the previous day never happened.
ďż˝
And it accurately encapsulates my exchanges with you. After pummelling you into the turf and humiliating you in front of the other UR participants (as I demonstrate the failings of your Socialist doctrines)
LoL. There goes your hubris and narcissisms again, You aren’t blowing anybody out with your inanity. You actually are high on your own supply.
Speaking of getting blown out, here is Henry Hazlitt getting blown out. He is a high IQ libertarian dupe, way above you, and even he cannot defend the same BS that you are laying down.
You basically are for privatizing profits and socializing losses. Who is the odious socialist, it is you.
https://voxday.net/2011/06/14/mailvox-hazlitt-international-trade-2/
https://voxday.net/2011/06/18/mailvox-hazlitt-international-trade_18/
https://voxday.net/2012/07/10/mailvox-hazlitt-international-trade/
And another book for you to read:
But, you don’t read and think, you just believe in gold— your god. Simple libertarian orthodoxy is for simpletons.
Once again, real world outcomes directly contradict your claims.
You basically are for privatizing profits and socializing losses.
Who is the odious socialist, it is you.
ďż˝
No need to tell them - they already know that excess Gubmint is failing them.
Tell it to the Danes, Swedes, and Finns.
ďż˝
Laugh. You hae no idea obviously of my views on government —
Your lump and dump mentality is simply unrealistic. The fact that I see the need for government does not in any way suggest love of government.
You seem to actually think that noting a problem or problems with government means governt all bad and anyone who has a different opinion is defective.
The point is not the trust or even the popularity of government, but what government does in practical terms. As a funn, a Swede, or Dane to compare their governments servics to the US in terms deliver
In all your supposed advances regarding the value of no government, you have yet to make a case how a any society could finction without government. Pointing to government problems is not the same as offering an alternative.
Laugh. I can certainly sympathize with loose ithat a is process the people of Sweden can turn around by electig polticians who support their views.
Hardly a take of government ineffecincy. And not really an inbiscator the Swedens’ government i nt serving their population. Swedes are nt dmping teir government funded healthcare system.mmigration.
And they aen’t doing so in Denmark either.
Your entire list was of enlightenment thinkers, who were all jewed. The printing press and jewish ideology of corporatocracy was already implanted by 1650. The enlightenment is 100% jewed.You are always silent when confronted by your idiocy, and then pop up again later, just like Jew - repeating the same bull shite again and again. You don't have to be a racial jew to share in the jewish spirit, which can be defined as in opposition to the logos. Also, you cherry picked your list, an act not unexpected from your deformed personality type.Hitler even commented on this type of behavior, after winning debates against jews, how they would come back the next day, spouting the same arguments; as if the previous day never happened. That is you. The Jew would get BTFO'd just like you, but would never relent. This is why concentration camps are a necessary thing, when deployed in a kind way, to heal people of your ilk. You cannot heal yourself, since you are sick.Since you are sick, you also project, such as my being a groupie of Hudson. I merely use Hudson and quote him when he is correct, and I correct him when he is wrong.This "finding of the truth" is part of the Trivium and also the Logos. You have neither the trivium or the logos in your soul. You also are not a truth vigilante... the opposite. Projection is a sociopathic condition, and your sociopathy is showing.Replies: @Truth Vigilante
I’ve had numerous exchanges with MoFo-Bill in the past (and his Jewish sayan pal John’s Johnson). And both peddled the falsehood that libertarianism was affiliated with Jews.
And then when I showed them a list of the â€Founding Fathers of Libertarianism’, there was NOT A SINGLE JEW AMONG THEM.
ďż˝
Hitler even commented on this type of behavior, after winning debates against jews, how they would come back the next day, spouting the same arguments; as if the previous day never happened.
I’m well aware of that particular passage from Mein Kampf.
And it accurately encapsulates my exchanges with you. After pummelling you into the turf and humiliating you in front of the other UR participants (as I demonstrate the failings of your Socialist doctrines), you pop up the next day and act as if that drubbing never occurred.
This is how Hitler described the behaviour of the Jews.
This is what YOU do on the regular.
And other UR readers, just like myself, can see the irony here.
You, of all people (seeing as, like Michael Hudson, you are a Marxist/Socialist), that you should be pointing fingers at the ideological beliefs of others and claim they’re affiliated with Jews, when the reality is that your core beliefs are based on Jewish Bolshevism.
One can’t help but laugh at how unhinged you’ve become.
You’re flailing around projecting every which way, so that you can deflect attention away from the obvious fact that your belief systems are aiding and abetting the Jews (none more so than your advocacy for the continuation of the Fiat Monetary experiment that enriches Malignant International Jewry).
As I’ve said on numerous occasions, the most prominent figures in the U.S Congress that are representative of libertarianism (both in the present and in the not too distant past), are the likes of Dr Ron Paul, Senator Ron Paul and Congressman Thomas Massie.
Americans (and indeed people from all over the world), know that these people are the ‘Salt of the Earth’ and beacons of integrity.
They are/were genuinely working for the common good (be that on foreign policy, on the Covid tyranny or on fiscal and monetary matters), they did everything in their power to make America a more prosperous and peaceful place.
Meanwhile, WHO THE EFF ARE THE REPRESENTATIVES OF YOUR MOVEMENT?
You have NO ONE. Your Centralised Big Gubmint authoritarian ideology has no individual with integrity to represent it.
All you have is that sad sack and failed economist Michael Hudson – or perhaps his Jewish pal Richard Wolff.
You and other Michael Hudson groupies like yourself, you’re all losers – brainwashed with a losing ideology that delivered misery and despair wherever it’s been put into practice.
LoL. There goes your hubris and narcissisms again, You aren't blowing anybody out with your inanity. You actually are high on your own supply.
And it accurately encapsulates my exchanges with you. After pummelling you into the turf and humiliating you in front of the other UR participants (as I demonstrate the failings of your Socialist doctrines)
ďż˝
Watch the 34 sec video I posted in comment # 96 and pay close attention this time (because it is evident that, being in the demented state that you are, you were in a prescription medication induced coma the first time around and absorbed nothing).You'll see that Dr Ron Paul said he'd cut the Federal Budget by ONE ($1) trillion in YEAR ONE.
he [Dr Ron Paul] proffered the savings of one trillion would still leave a budget of 6 trillion and a government to boot.
Well short of your objective.
ďż˝
Oyyy . . .
Lets stay in reality. I allowed the 1 trillion to go literally unchallenged as it most assuredly would be in real life. Which still leaves a government and dueaa what taxes.
Probably . . . maybe, perhaps . . . ahhh you noticed that the price of ggods and servces, the cost of living as actually increased. Which means he’d have to justify said increase cuts based on what his whim?
Bloated I am curious in what way? I take he is magically going to remove the aged, the sick etc. He is going magically disappear US military defense needs or relations with our allies and joint ventures . . .
The nations federal oinfrastructure going self repair and modernize . . .
The point is that a nation state is going to have needs and said needs such as they are will require payment. Minus fees or massive donations by Sen Paul’s wealthy upper class friends — the public is going to pay.
\
I am curious why he hasn’t advcated for shutting down the five military bases in the state of Kentucky.
—————————-
I am all for cutting fat and waste mno brainer. Improving government effecincy — of course. But what DOGE has uncovered more than anyuthing esle is not fraud, but that the system actually has mechanism to address effeciancy and thus far the fed has only increased its budget —–
There are so many economic factors to consider in making cuts to services — and I have not eard a reckoning with a single one.
Its fun to live in the libertarian dreamworld, but eventually, yu have t face teality that mere cutting is not the solution and neither is a tax free country.
You behave as if all of these ideas are brand new and earth shattering. News fkor you — its not.
Here is a comment by Hudson, which I will quote because I agree with him, not because I am a groupie.
In the same comment thread, I correct Hudson on “international banks.” The Catholic church did not invent international banking. Private banks are international due to interconnected double entry ledgers. Gold was the interconnection in previous history, as it was international money, and could be melted down and spirited away. Or, it would simply be used by weight.
LOGO DAEDALUS: Yeah. There’s the irony that the creation of markets and all these things that are the bedrock of libertarian theory are all government creations, they’re all public goods – a corporation is a public good, markets in general are a public good. These things didn’t emerge from voluntary individuals but were state projects.
(Above discussion is Hudson explaining how Libertarians are brainwashed. Hudson, never directly attacks Jewish ideology, but he instead he goes at it in an oblique way. ALL JEWISH IDEOLOGY, has creation myth, such that public goods belong in the private sector. Jews derive their money power by attaching rents to public sector goods.)
(Even in the protocols, Jews describe how they will use this sort of “trick” on the goyim until they gain control, and then they will switch gears, to proper economics. This is the jewish spririt of deception, anything goes. The means justify the end. )
(Libertarianism is just another means justify the end duping ideology.)
MICHAEL HUDSON: Right.
L OGO DAEDALUS: That’s an irony that’s very difficult for libertarians to see.
MICHAEL HUDSON: Well that’s the neoliberalism. Economists are brought up with a tunnel vision. That’s the problem. They don’t see that there’s a role of government because the financial sector wants to take over government and dismantle it, and make what used used to be government – including all of the public enterprises and natural public monopolies and the election process – all part of the financial sector, not part of the political sector.
(A libertarian demeans the role of government, as they are dupes, as if everything can be privatized. There is a proper role for government, and that role is well defined by classical economics, not libertarianism or neoliberalism.)
When China was ruled by Mao Tse-tung, its people were living in subsistence poverty.
Obviously China is thriving exactly because of not being duped by your way of thinking.
ďż˝
I’ve had numerous exchanges with MoFo-Bill in the past (and his Jewish sayan pal John’s Johnson). And both peddled the falsehood that libertarianism was affiliated with Jews.
And then when I showed them a list of the â€Founding Fathers of Libertarianism’, there was NOT A SINGLE JEW AMONG THEM.
Your entire list was of enlightenment thinkers, who were all jewed.
The printing press and jewish ideology of corporatocracy was already implanted by 1650. The enlightenment is 100% jewed.
You are always silent when confronted by your idiocy, and then pop up again later, just like Jew – repeating the same bull shite again and again. You don’t have to be a racial jew to share in the jewish spirit, which can be defined as in opposition to the logos. Also, you cherry picked your list, an act not unexpected from your deformed personality type.
Hitler even commented on this type of behavior, after winning debates against jews, how they would come back the next day, spouting the same arguments; as if the previous day never happened. That is you. The Jew would get BTFO’d just like you, but would never relent.
This is why concentration camps are a necessary thing, when deployed in a kind way, to heal people of your ilk. You cannot heal yourself, since you are sick.
Since you are sick, you also project, such as my being a groupie of Hudson. I merely use Hudson and quote him when he is correct, and I correct him when he is wrong.
This “finding of the truth” is part of the Trivium and also the Logos. You have neither the trivium or the logos in your soul. You also are not a truth vigilante… the opposite. Projection is a sociopathic condition, and your sociopathy is showing.
I'm well aware of that particular passage from Mein Kampf.
Hitler even commented on this type of behavior, after winning debates against jews, how they would come back the next day, spouting the same arguments; as if the previous day never happened.
ďż˝
he [Dr Ron Paul] proffered the savings of one trillion would still leave a budget of 6 trillion and a government to boot.
Well short of your objective.
Watch the 34 sec video I posted in comment # 96 and pay close attention this time (because it is evident that, being in the demented state that you are, you were in a prescription medication induced coma the first time around and absorbed nothing).
You’ll see that Dr Ron Paul said he’d cut the Federal Budget by ONE ($1) trillion in YEAR ONE.
Over the remaining three years of his tenure he’d probably find another trillion to cut.
And bear in mind that this Ron Paul Presidential campaign advert was from 2012!!
The U.S budget outlays have almost doubled since then.
So, based on the current incredibly bloated Federal spending, Dr Ron Paul would almost certainly be able to cut THREE (3) Trillion dollars from it over the course of a full term in office.
I mention 'former Congressman Dr Ron Paul' (the greatest President America was never fortunate enough to have), and in response you bring up his son Senator Rand Paul.
Sen. Paul’s case does not remove government or taxes
ďż˝
Nice try. I reference them both.
In fact, I respond in detail that even if one did exacrly as he proffered the savings of one trillion would still leave a budget of 6 trillion and a government to boot.
Well short of your objective.
Watch the 34 sec video I posted in comment # 96 and pay close attention this time (because it is evident that, being in the demented state that you are, you were in a prescription medication induced coma the first time around and absorbed nothing).You'll see that Dr Ron Paul said he'd cut the Federal Budget by ONE ($1) trillion in YEAR ONE.
he [Dr Ron Paul] proffered the savings of one trillion would still leave a budget of 6 trillion and a government to boot.
Well short of your objective.
ďż˝
I appreciate you reminding me to pay close attention to the technical aspects of writimng. No issues.
What I said goes to standards across boundaries that are the same. That is what standardized means. That a set of rules are constant for the systems in place. And that helps maintain some stability across those same boundaries. Your comment about theft is generic, what it does not do is indicate how the standardization of the monetary system aides in the theft you claim. It is more likely the opposite. That when those standards are bent, ignored, appied to special intersts that malfiecient behavior becomes more likely. So in response, I would contend, less bending of the standards to suit players, special interests.
Fraud is an indication that the standards you denounce have not been adhered. It’s not the standards, it’s that corrupt conduct. Two very different animals. Seems reductive to blame the standards as opposed to the violation of the same. It’s akin to blaming the law against theft for theft —
But it does explain the libertarian rational, “people are breaking the law” “laws are corrupt” libertarian solution “get rid of the law”.
—–
No. the money that was lent to cover the difference was actually derived from the funds of other in the bank. It’s not made up. It’s someone else’s hard earned money and when they loan that to you they are charging a fee for the lent money a return on their investment to you. And several times in history those loan payments went unpaid and the result well — 2007/8 are the most recent examples. Of course there was the overvalued stock properties that were a major source of the problems.
So your comment that you could have paid the house note in full cash makes no sense. If in fact you wanted to save money — just pay the whole note. And for the record, I bet you could have negotiated that price down signigfigantly by offering a cash out full all in — and not saved the loan fees, actually lowered the price of the entire property, thereby lowering property taxes, if you have property tax.
Now I agree, there are fees that are tacked on as service fees that don’t make sense save to serve the cost of business into someone else’s pocket.
—
“My next month’s payment will be $278.89 towards the principal and $481.14 IN INTEREST. That interest money is basically THEFT – money that was not earned by the mortgage company from doing honest work.”
Well if you are a capitalist them you should know the product owner — gets to set the price. You can agree, disagree, bargain . . . or simply reject the sale. Frankly, I don’t get it — why take out a mortgage if you don’t have to — makes no sense. The answer to your complaint was inyour hands and you chose that which you object to — pretty weak case. No one was forcing the matter. There was no judge manuipulating on behalf the other party. No realtor, was standing before the bank telling falsehoods and misleading the players . . .
It makes no sense for someone who can pay out a home to take a needless mortgage — even to build credit. With alittle effort, someone in the bracket you suggest could have found a home for the price of tax or mortgage lien in any state in the US or perhaps any country. Which is even a better saving tactic.
then
"...ZOG owned Federal Reserve enriches itself and its Talmudic cronies..."
ďż˝
is to properly ridicule the satanic usury Jews then to suggest one heed the satanically deceptive libertarian Jews whose entire libertarian philosophy exists to cover for the satanic usury Jews by discouraging governmental prohibition of Jew Usury.
Learn some real economics here: Mises.org
ďż˝
I’ve had numerous exchanges with MoFo-Bill in the past (and his Jewish sayan pal John’s Johnson). And both peddled the falsehood that libertarianism was affiliated with Jews.
And then when I showed them a list of the ‘Founding Fathers of Libertarianism’, there was NOT A SINGLE JEW AMONG THEM.
This is further proof of how ignorant you are Farrakhan, that you are not aware of this.
The fact of the matter is that the core foundation of Malignant International Jewry’s wealth is its ownership of that River of Riches (otherwise known as the U.S Federal Reserve).
Confiscate the Fed from ZOG and it will soon enough wither on the vine.
Meanwhile, ONLY ONE MAN has consistently campaigned since he entered Congress in the mid 1970’s, for an audit, and then an END TO THE FED.
And that man was the libertarian Dr Ron Paul. That is why ZOG cheated Dr Paul in the 2012 GOP primaries that, had he rightfully won, would’ve allowed him to take on Obama in the Presidential election (an election I believe he would’ve won).
It’s clear to all that ZOG feared no other politician more than Dr Ron Paul in the post JFK era.
Because Ron Paul was not beholden to ZOG.
Because Ron Paul is the only Presidential candidate to run on the platform of reducing U.S taxpayer funding of Apartheid Israel to ZERO, of closing all the foreign military bases, returning the troops home and radically reducing U.S military spending.
The fact is that Dr Ron Paul IS the End the Fed movement.
Without his campaigning over many decades to educate the American public about the malfeasance and chicanery that The Fed is involved in, not 1 in 100 Americans would know about its nefarious activities.
Meanwhile, your heroes (like Michael Hudson and MoFo-Bill), are on record as stating that they want a continuation of the Fiat Monetary system.
That’s right, the same system that has so enriched the Talmudic misfits over the decades.
Lastly, you end with this asinine comment:
Obviously China is thriving exactly because of not being duped by your way of thinking.
When China was ruled by Mao Tse-tung, its people were living in subsistence poverty.
That’s because it practised Marxism – like your messiah Michael Hudson advocates for.
But Deng Xiaoping abandoned Mao’s (and Hudson’s) foolish ideas, and unleashed an entrepreneurial tidal wave, as China embraced Capitalism.
Today China is the bastion of Capitalism among the major nations of the world.
(ie: Small Gubmint as a % of GDP, low income and corporate taxes, far less regulatory impediments to hinder the private sector from generating wealth for the nation, and NO WASTAGE of money on murderous foreign entanglements like the U.S engages in).
ALL OF THESE THINGS are in accordance with libertarian principles.
That is why China is the economic powerhouse that it is.
It’s because it turned its back on Marxism and those failed Socialist doctrines.
Yes, the ruling elite of China still call themselves the Communist Party of China (CPC).
But even Blind Freddie can see that China is Communist in name only.
Communism/Marxism is a FAILED doctrine.
But Michael Hudson and his ignorant groupies (like yourself) still embrace it.
This is indicative of how much of a fool you (and Michael Hudson) are.
Your entire list was of enlightenment thinkers, who were all jewed. The printing press and jewish ideology of corporatocracy was already implanted by 1650. The enlightenment is 100% jewed.You are always silent when confronted by your idiocy, and then pop up again later, just like Jew - repeating the same bull shite again and again. You don't have to be a racial jew to share in the jewish spirit, which can be defined as in opposition to the logos. Also, you cherry picked your list, an act not unexpected from your deformed personality type.Hitler even commented on this type of behavior, after winning debates against jews, how they would come back the next day, spouting the same arguments; as if the previous day never happened. That is you. The Jew would get BTFO'd just like you, but would never relent. This is why concentration camps are a necessary thing, when deployed in a kind way, to heal people of your ilk. You cannot heal yourself, since you are sick.Since you are sick, you also project, such as my being a groupie of Hudson. I merely use Hudson and quote him when he is correct, and I correct him when he is wrong.This "finding of the truth" is part of the Trivium and also the Logos. You have neither the trivium or the logos in your soul. You also are not a truth vigilante... the opposite. Projection is a sociopathic condition, and your sociopathy is showing.Replies: @Truth Vigilante
I’ve had numerous exchanges with MoFo-Bill in the past (and his Jewish sayan pal John’s Johnson). And both peddled the falsehood that libertarianism was affiliated with Jews.
And then when I showed them a list of the â€Founding Fathers of Libertarianism’, there was NOT A SINGLE JEW AMONG THEM.
ďż˝
Sen. Paul’s case does not remove government or taxes
I mention ‘former Congressman Dr Ron Paul’ (the greatest President America was never fortunate enough to have), and in response you bring up his son Senator Rand Paul.
Are you really that stupid to not know the difference between the two?
(Actually, going off your previous commentary, I suspect you are indeed that stupid).
The words 'USA's situation in the world today' refer to geopolitics.
“Mefobills” might be the top intellect on the net regarding the USA’s situation in the world today.
ďż˝
You're not very observant, are you?
Michael Hudson is the one who has educated us not only on the devastatingly destructive power of Jew
ďż˝
.
Summary: It is clear from their advocacy for the continuation of the Federal Reserve, that MoFo-Bill and Hudson are working in cahoots with the small hats.
If you can't see that, you need to get prescription glasses.
ďż˝
To say
“…ZOG owned Federal Reserve enriches itself and its Talmudic cronies…”
then
Learn some real economics here: Mises.org
is to properly ridicule the satanic usury Jews then to suggest one heed the satanically deceptive libertarian Jews whose entire libertarian philosophy exists to cover for the satanic usury Jews by discouraging governmental prohibition of Jew Usury.
Obviously China is thriving exactly because of not being duped by your way of thinking.
When China was ruled by Mao Tse-tung, its people were living in subsistence poverty.
Obviously China is thriving exactly because of not being duped by your way of thinking.
ďż˝
Quote:
“Pres Andrew Jackson removed the central bank and invited chaos . . . and chaos enetered dancing to a host of tunes. The befit if a central banking system is that it can normalize systems so that in general the rules are consistent.”
“enetered” – you mean ENTERED? “befit” – you mean BENEFIT?
Apparently you are so busy typing that you can’t be bothered with correct spelling.
Insofar as your statement about a central banking system is concerned, perhaps you should devote some time and effort to some historical research. The ONLY “system” that central banking has normalized is the system of THEFT from the American people and the people in the rest of the so-called “civilized” world, whose countries are infected with the same fraudulent banking system.
I will be 74 years old next month and after relocating here to NE Tennessee 7 years ago, I obtained a mortgage for my residence. I “could” have paid cash for the residence, except that I would have incurred a huge income tax liability had I redeemed my IRAs to do so.
The purchase price of my residence was $295,000 and I made a down payment of $150,000 – that was CASH; money that I had EARNED by working as an industrial electrician, engaging in HONEST WORK. Where did the $145,000 that I borrowed come from? It came from NOWHERE it was just a number on someone’s computer screen – borrowed “money” (debt).
My next month’s payment will be $278.89 towards the principal and $481.14 IN INTEREST. That interest money is basically THEFT – money that was not earned by the mortgage company from doing honest work.
If, during the life of the mortgage, I miss a few payments, the mortgage company can foreclose on the house, take possession of it AND my $150,000 down payment. When they started out with NOTHING (except debt) to begin with. All legal. And what gives them the right to legally steal my money? The Federal Reserve Act of 1913.
If you do decide to do some REAL historical research on our country’s banking system, you will find that the banking system which you admire so much has been responsible for EVERY depression, every recession, every financial “bubble and the inflation that has taken place since the creation of the Federal Reserve.
Since entering the work force on a full-time basis in 1969, I have WITNESSED the purchasing power of the dollar fall 90% – thanks to a banking system which you admire so much.
Thank you.
but also how The Church lost sight of The Holy Redeemer's mission while naming the culprit
michael-hudson.com/?s=and+forgive+them+their+debts
www.vatican.va/jubilee_2000/magazine/documents/ju_mag_01031997_p-22_en.html
ďż˝
Replies: @Truth Vigilante
https://michael-hudson.com/2023/03/the-collapse-of-antiquity-release/
ďż˝
“Mefobills” might be the top intellect on the net regarding the USA’s situation in the world today.
The words ‘USA’s situation in the world today’ refer to geopolitics.
And just off the top of my head, Col. Douglas Macgregor and Dr Ron Paul are light years ahead of MoFo-Bill on that topic.
And on the matter of economics, Dr Ron Paul runs rings around the likes of Michael Hudson and MoFo-Bill.
Evidently you don’t get out very much if you value MoFo-Bill’s opinions on anything.
I have eviscerated his (and Michael Hudson’s) asinine assertions on countless occasions in the past – before Hudson banned me from commenting in his articles.
(FFS, in this thread alone I’ve swatted down MoFo-Bill and his ludicrous claims on several occasions. Clearly you’re not paying attention to what’s being written).
You see, prior to my banning I was posting evidence that unambiguously refuted the claims made by Hudson and MoFo-Bill. And, unable to argue his case in a public forum (and being simultaneously intellectually bankrupt), Hudson resorted to the default option of all tyrants and banned me.
You also go on to say:
Michael Hudson is the one who has educated us not only on the devastatingly destructive power of Jew
You’re not very observant, are you?
Both Hudson and his groupie MoFo-Bill advocate for a continuation of the Fiat Monetary experiment. Got that?
Through the creation of endless trillions of dollars with a key stroke, the ZOG owned Federal Reserve enriches itself and its Talmudic cronies as it divvies up the money amongst themselves.
If Hudson was truly trying to educate the world about the devastating power of Malignant International Jewry, he’d join Dr Ron Paul and demand an END TO THE FED.
But Hudson has never done that – NOT ONCE.
Summary: It is clear from their advocacy for the continuation of the Federal Reserve, that MoFo-Bill and Hudson are working in cahoots with the small hats.
If you can’t see that, you need to get prescription glasses..
As for your suggestion of ‘he’s who we need as President’ (referring to MoFo-Bill), surely you’re aware that the U.S got to where it is today because Big Gubmint metastisised like a cancer over the decades.
Well, MoFo-Bill is advocating for MORE OF THE SAME.
ie: Authoritarian Big Gubmint barking out Stalinist style Five Year plans and micromanaging the lives of the citizenry (issuing orders about where they live, what employment will be allocated to them, what quota of energy will be apportioned to them etc).
Well Mr Farrakhan, seeing as you evidently don’t know much history, all of that has been tried in the past. And it ended disastrously each time.
Centralised Authoritarian regimes ALWAYS fail and deliver death and impoverishment.
Do yourself a favour and keep a wide berth from the nitwit Marxists like Hudson and MoFo-Bill.
Learn some real economics here: Mises.org
You’ll be better off for it.
then
"...ZOG owned Federal Reserve enriches itself and its Talmudic cronies..."
ďż˝
is to properly ridicule the satanic usury Jews then to suggest one heed the satanically deceptive libertarian Jews whose entire libertarian philosophy exists to cover for the satanic usury Jews by discouraging governmental prohibition of Jew Usury.
Learn some real economics here: Mises.org
ďż˝
I (and the vast majority of libertarians), never advocated for no government.
And yet ypu have yet to make a case for no government.
But no government — nonsense.
ďż˝
Take heed Mr Elite Communist, because you are one very foolish and uninformed individual on a range of issues.Replies: @EliteCommInc.
Democracy works tolerably well, but only in small settings.
In a New England town, for example…or in a club…all the participants know more or less the same set of facts…and all have equal power. People can be persuaded by the most forceful and most eloquent members of the group, but decisions rarely fall too far from the tree of practical alternatives available.
Not only do all the participants share the same information…they also share the same culture and language…and the same codes and rules. More importantly, they also know they have to bear the costs of whatever mischief their decisions cause.
In small groups, as in families, mistakes are exposed and punished…so, people tend to make fewer of them.
But in large settings…the feedback loops get tangled or cut. People are busy with their own lives…and way too far from the â€facts’ to have useful opinions. They can’t be expected to master epidemiology one day and the history of the steppes the next.
Should the Donetsk People’s Republic be free from Ukraine? How would they know?
As for his elected â€representatives’…they are quickly captured by pressure groups…political donors…think tanks…and the Deep State.
In practice, the government â€of the people, by the people, and for the people’ is none of those things.
It is a government of the elite, run by insiders, for the benefit of chisellers and busybodies.
ďż˝
Well, I thought you might put forward some material to support your case. But apparently, you don’t have any support.
a decentralized system does not mean no system.
Sen. Paul’s case does not remove government or taxes — while smaller both remain. Here’s the reality the claims made by libertarians are just not deliverable in the real world. And I stated before, I will take the Congressmen’s Paul’s serioius;y when they cease engaging in trading in markets while members of congress — clearly a conflict of interest. And advocate that such practice be tterminated completely. I am not a huge fan of the public — but good grief nothing could be more obvious and yet, Sen Rand Paul continues to defend the practice —- good grief. You want change government, change the mebers minds or the members.
———————————–
The US is going to provide to freindly countries if they need saaid aide and we can afford to provide it — I guess the debateable term is “afford”. Nonetheless, you continue a march of nonsensical rationale. Smaller governemnet may or may not have any impact on the aide we provide which is largely predicsted on the US agenda.
Of course we shoud continue to support Ukraine, that is obvious. IN fact our support needs to extend to providing enough aide — and this is an irritating failure of Europe — to demolish the Russian supply chains from China, India, N Korea, and Iran or anyone else feeding Russia’s war machine.
Ukraine should stop playing the chat game — no more demonstrations are needed regarding Russia’s agenda and unwillingness to recognize Ukraine as an independet nation. Furthermore, Ukraine should cease behaving as though Pres Trump is going to come around. He is being played, because what gthe current executive wants is for Ukraine to fold — period. Whatever Russian hooks are in the current admin aren’t going to be removed and Europe and Ukraine and other should proceed accordingly. This admin has failed on the negotiating issue. And tey will continue to fail as long as Russia is rebuffed.
Again, nuclear exchange is a two way street —- so when russia starts that threat — trhe west should respond in kind — good grief this would have been over a long time ago had the Europeans and the US acted as soon as Russia crossed the border.
You are entirely ignorant apparently of my positions regarding the use of force. And has been very clear here numerous times. But in the case orf Russia. She is treatening not only Ukraine, but Europe, the US and indeed the globe as she attempts to force a remarriage and nullift=y a divorce she can never nullify. Even if by some slim chance she gets all of Ukraine. She is facing years years and years of intensense insugency rendering her ability to govern impossible. I suspect she barely hanging on now. Pres. Zelinskis never should have stated that Ukraine is responsible for taking out generals. By doing so he relived the very real internal turmoil that must be roilinginside and outside the Kramlin.
Russia started this war and war she is getting. And none of your libertarian pipe dreams will change that. Your system has been tested and found wanting. The confederqte states, during the civil war the soiuthern states could not muster respurces to fight nor manpower because of a decenral system. To runa decentral system — everyone has to buy in and if they don’t — you have nomeans to mamage their /get their support.
Our system has a lot of issues and I believe that libertarian perspectives are va,luable and helpful — but they are not a solitary solution. Furthermore, what has buffered central power has always been community service groups and churches — but what to do when sauid groups temselves violate the rules — suppose they aren’t interested in negotiating with their neighbors as is the case with Russia.
Suppose wealthy susie doesn’t want to pay for the damage. suppose the state doesn’t want tocorrect the damage they have caused to people. Suppose they don’t want tosettle matters in fair hearings — suppose they say —
“That’s life”
“Life isn’t fair” or how about this one
“The needs of many outweigh the one” Suppose they decide based soley on cost benefit analysis — much cheaper to take advantage of the less powerful and than to treat them justly.
Your lofty goals down the drain —- kaput, done dead.
I mention 'former Congressman Dr Ron Paul' (the greatest President America was never fortunate enough to have), and in response you bring up his son Senator Rand Paul.
Sen. Paul’s case does not remove government or taxes
ďż˝
Governments come and go. Sooner or later ZOG will be able to capture a particular administration, and thereafter the central bank will do as the Jewish controllers instruct it to do.
THE CENTRAL BANK MUST NOT BE PRIVATE BUT RATHER GOVERNMENT-CONTROLLED BY A GOVERNMENT THAT LOVES THE PEOPLE
ďż˝
In other words these brokers will take over from the corrupt ZOG owned and affiliated big banks.
Summary: There is NO NEED for a central bank in ANY country.
Borrowers and lenders can meet in the marketplace and negotiate a mutually satisfactory rate of interest.
Of course I don't mean that those who need to borrow some money will have to go from door to door asking if someone will lend them money.
Naturally businesses will spring into action, whereby brokers will act as 'go-betweens'.
And, for a small fee, will introduce lenders to borrowers and vice versa.
ďż˝
Now, seeing as there is no central bank in this system I've suggested, and thus the Gubmint itself will be the issuer of money (rather than a collective of Jewish criminals), the Gubmint of the day (ie: the Treasury Department), will create money itself and feed it into the system.
And, if there is insufficient money saved for borrowers to borrow at any given time, then interest rates will be bid up to ENTICE others to save their money.
That is how a Free Market works.
Savings are, after all, just deferred consumption.
ďż˝
A little historical update for you.
Pres Andrew Jackson removed the central bank and invited chaos . . . and chaos enetered dancing to a host of tunes. The befit if a central banking system is that it can normalize systems so that in general the rules are consistent.
Don’t drink.
Excuse my mispost. That comment was noyt intended for you. Not sure how it got there. My mistake. However,
I can certainly clarify your confusion. I simply have lost trust in China, Russia and some other states. Base on their advocacy and conduct.
Governments come and go. Sooner or later ZOG will be able to capture a particular administration, and thereafter the central bank will do as the Jewish controllers instruct it to do.
THE CENTRAL BANK MUST NOT BE PRIVATE BUT RATHER GOVERNMENT-CONTROLLED BY A GOVERNMENT THAT LOVES THE PEOPLE
ďż˝
In other words these brokers will take over from the corrupt ZOG owned and affiliated big banks.
Summary: There is NO NEED for a central bank in ANY country.
Borrowers and lenders can meet in the marketplace and negotiate a mutually satisfactory rate of interest.
Of course I don't mean that those who need to borrow some money will have to go from door to door asking if someone will lend them money.
Naturally businesses will spring into action, whereby brokers will act as 'go-betweens'.
And, for a small fee, will introduce lenders to borrowers and vice versa.
ďż˝
Now, seeing as there is no central bank in this system I've suggested, and thus the Gubmint itself will be the issuer of money (rather than a collective of Jewish criminals), the Gubmint of the day (ie: the Treasury Department), will create money itself and feed it into the system.
And, if there is insufficient money saved for borrowers to borrow at any given time, then interest rates will be bid up to ENTICE others to save their money.
That is how a Free Market works.
Savings are, after all, just deferred consumption.
ďż˝
“Mefobills” might be the top intellect on the net regarding the USA’s situation in the world today.
Plus all he’s written lends credibility to what he’s mentioned about not backing down in that unique environment, the integrated public schools. The truth always fits together.
Extremely extraordinary combo of strengths – he’s who we need as President.
Michael Hudson is the one who has educated us not only on the devastatingly destructive power of Jew U$ury but more importantly that it’s in violation of what The Divine Savior Jesus said/did at Luke 4:16-30
michael-hudson.com/?s=and+forgive+them+their+debts
http://www.vatican.va/jubilee_2000/magazine/documents/ju_mag_01031997_p-22_en.html
but also how The Church lost sight of The Holy Redeemer’s mission while naming the culprit
https://michael-hudson.com/2023/03/the-collapse-of-antiquity-release/
The words 'USA's situation in the world today' refer to geopolitics.
“Mefobills” might be the top intellect on the net regarding the USA’s situation in the world today.
ďż˝
You're not very observant, are you?
Michael Hudson is the one who has educated us not only on the devastatingly destructive power of Jew
ďż˝
.
Summary: It is clear from their advocacy for the continuation of the Federal Reserve, that MoFo-Bill and Hudson are working in cahoots with the small hats.
If you can't see that, you need to get prescription glasses.
ďż˝
Taxation has zero effect on the value of money.
Are you familiar with what Warren Mosler has to say about this?
You stay safe as well my friend while you’re there.
We’ll be looking forward to hearing from you when you return. Because you’re a ‘Salt of the Earth’ type of bloke whose stories and life experiences are not embellished.
We know that what we’re hearing from you is sincere, and that you’ve always been an honest broker.
While you’re in Sweden, ask your friends about the matters I’ve posted.
ie: that business pays far lower corporate taxes in that country than in America.
As you've edified readers on here capable of assessing credibility sufficiently to recognize who to heed, THE CENTRAL BANK MUST NOT BE PRIVATE BUT RATHER GOVERNMENT-CONTROLLED BY A GOVERNMENT THAT LOVES THE PEOPLE INSTEAD OF WANTING TO OWN AND EXPLOIT THEM LIKE ANIMALS AS THE JEWS SEEK TO TREAT the goyim.
Hamilton “converted” debts to “equity” to form the first bank. This was his huge mistake.
ďż˝
THE CENTRAL BANK MUST NOT BE PRIVATE BUT RATHER GOVERNMENT-CONTROLLED BY A GOVERNMENT THAT LOVES THE PEOPLE
Governments come and go. Sooner or later ZOG will be able to capture a particular administration, and thereafter the central bank will do as the Jewish controllers instruct it to do.
Take for example the Bank of England (BoE) which was nationalised soon after WWII and ‘confiscated’ from the Talmudic misfits that previously owned it.
That should’ve worked out OK for the British people, right?
REALITY: Privately owned or publicly owned, it was a distinction without a difference.
Soon enough the BoE was doing ZOG’s bidding.
Dr Ron Paul knew what had to be done from the very start.
In the case of the ZOG owned U.S central bank the solution was to: END THE FED.
Summary: There is NO NEED for a central bank in ANY country.
Borrowers and lenders can meet in the marketplace and negotiate a mutually satisfactory rate of interest.
Of course I don’t mean that those who need to borrow some money will have to go from door to door asking if someone will lend them money.
Naturally businesses will spring into action, whereby brokers will act as ‘go-betweens’.
And, for a small fee, will introduce lenders to borrowers and vice versa.
In other words these brokers will take over from the corrupt ZOG owned and affiliated big banks.
There will not be a state of affairs as we have now, where banks create money ex nihilo.
In other words, borrowers can only borrow what is available through the savings of the lenders.
And, if there is insufficient money saved for borrowers to borrow at any given time, then interest rates will be bid up to ENTICE others to save their money.
That is how a Free Market works.
Savings are, after all, just deferred consumption.
Now, seeing as there is no central bank in this system I’ve suggested, and thus the Gubmint itself will be the issuer of money (rather than a collective of Jewish criminals), the Gubmint of the day (ie: the Treasury Department), will create money itself and feed it into the system.
(ie: small percentage increases each year in accordance with the growth of the economy – so as not to stoke inflation).
The Gubmint can lend on major projects to those large enterprises that may need scores, or even hundreds of millions in borrowings.
(eg: a major discovery of gold is found or some other commodity. Gubmint will assess the viability of the project and future projected income potential, and lend the millions needed to establish a functioning mining facility).
So you see, in this way we can eliminate the need for those corrupt ZOG owned financial institutions to be involved and compromise the stability of the banking system.
And to the extent that some brokers become larger and attract huge sums of lenders money, we can safeguard against these large broking institutions speculating with depositors money in the derivative market/stock market/futures market etc (and engage in all manner of financial chicanery).
We can do this by introducing legislation that makes it illegal for those ‘broker institutions’ to do anything other than:
LENDING TO BUSINESSES AND ORDINARY CITIZENS (with actual depositors money only). There will be no Fractional Reserve banking chicanery allowed.
This will minimise the likelihood of banks becoming insolvent and needing a bailout.
Got it now Farrakhan?
I have no idea why you’re paying heed to anything MoFo-Bill is saying.
Because MoFo-Bill and his guru (the crackpot Marxist Michael Hudson), advocate for a continuation of the Fiat Monetary experiment.
That’s a system that enriches the small hats to the tune of trillions, while robbing the masses of purchasing power as the inevitable runway inflation eventuates.
but also how The Church lost sight of The Holy Redeemer's mission while naming the culprit
michael-hudson.com/?s=and+forgive+them+their+debts
www.vatican.va/jubilee_2000/magazine/documents/ju_mag_01031997_p-22_en.html
ďż˝
Replies: @Truth Vigilante
https://michael-hudson.com/2023/03/the-collapse-of-antiquity-release/
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Brad, I agree with you that Sweden's problems cannot be blamed on Socialism.
There is BIG MONEY behind the problems that now face Sweden and, in my opinion, it is NOT because of their socialist form of government.
ďż˝
Sweden has some Big Mother Multi-National corporations (like Atlas Copco, Saab-Scania, Volvo, Ericsson etc).
In Sweden and the other Scandinavian countries, the Private Sector owns the near entirety of the Means of Production.
And the private entities in those countries are FILTHY RICH and pay LOWER CORPORATE TAX RATES THAN THE RICH DO IN AMERICA.
ďż˝
.
Summary: Many people will bring up the NSDAP (Nationalsozialistische Deutsche Arbeiterpartei) of Hitler's Germany as an example of alleged 'Socialist success'.
And, seeing as the 'S' in that acronym stands for 'Socialist', they will say that Germany's economic miracle in the 1930's was due to Socialism.
THAT IS INCORRECT.
The only reason Hitler included the word Socialist in the acronym to describe his party, is because he knew there were many Socialist/Communist sympathisers amongst the German electorate.
(FFS, Germany has very nearly fallen to a Communist uprising in the immediate post WWI years).
It was nothing more than a shrewd political manoeuvre - to attract those voters and give them the impression that his parry would 'Stick it to the Oligarchs'.
In Hitler's Germany the state did not own the means of production. Mega corporation like Krupp (today trading as ThyssenKrupp on the German DAX), Siemens, Bayer, Lufthansa and countless others, were private sector industrial giants that Hitler schmoozed up to.
The means of production in Hitler's Germany was owned overwhelmingly by the Private Sector.
That is why Germany was as successful as it was ONCE IT HAD EXTRICATED ITSELF FROM THE ORBIT OF ZOG USURY
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Thanks for the reply, T-V.
I am going back to Sweden at the end of June and will again be there for 3 weeks, staying with my very wise ham friend and his wife. I will be doing very little of the “tourist” things, but will concentrate on meeting many of my Swedish ham friends, learning about their beautiful country and of course, enjoying their EXCELLENT food.
Their food, unlike the food here in the USA, is NOT adulterated and they all know how to cook! I will also be operating my friend’s excellent ham radio station and since Europe is in their “back yard,” there will be no shortage of other hams with whom to make contact – using Morse code, as I almost always do.
Take care!
Hamilton “converted” debts to “equity” to form the first bank. This was his huge mistake.
As you’ve edified readers on here capable of assessing credibility sufficiently to recognize who to heed, THE CENTRAL BANK MUST NOT BE PRIVATE BUT RATHER GOVERNMENT-CONTROLLED BY A GOVERNMENT THAT LOVES THE PEOPLE INSTEAD OF WANTING TO OWN AND EXPLOIT THEM LIKE ANIMALS AS THE JEWS SEEK TO TREAT the goyim.
In an economy prohibiting usury there might not even be distinction between stock and bond unless the prohibition is limited to personal loans and allows commercial lending at interest.
Governments come and go. Sooner or later ZOG will be able to capture a particular administration, and thereafter the central bank will do as the Jewish controllers instruct it to do.
THE CENTRAL BANK MUST NOT BE PRIVATE BUT RATHER GOVERNMENT-CONTROLLED BY A GOVERNMENT THAT LOVES THE PEOPLE
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In other words these brokers will take over from the corrupt ZOG owned and affiliated big banks.
Summary: There is NO NEED for a central bank in ANY country.
Borrowers and lenders can meet in the marketplace and negotiate a mutually satisfactory rate of interest.
Of course I don't mean that those who need to borrow some money will have to go from door to door asking if someone will lend them money.
Naturally businesses will spring into action, whereby brokers will act as 'go-betweens'.
And, for a small fee, will introduce lenders to borrowers and vice versa.
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Now, seeing as there is no central bank in this system I've suggested, and thus the Gubmint itself will be the issuer of money (rather than a collective of Jewish criminals), the Gubmint of the day (ie: the Treasury Department), will create money itself and feed it into the system.
And, if there is insufficient money saved for borrowers to borrow at any given time, then interest rates will be bid up to ENTICE others to save their money.
That is how a Free Market works.
Savings are, after all, just deferred consumption.
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There is BIG MONEY behind the problems that now face Sweden and, in my opinion, it is NOT because of their socialist form of government.
Brad, I agree with you that Sweden’s problems cannot be blamed on Socialism.
And the reason for that is simple:
SWEDEN AND THE OTHER SCANDINAVIAN COUNTRIES ARE NOT SOCIALIST.
The literal definition of a Socialist system is one where GUBMINT OWNS THE MEANS OF PRODUCTION.
In other words, countries like the Soviet Union, East Germany, Mozambique, North Korea, Albania (under the dictator Enver Hoxha) etc, these were Socialist systems.
And they had one thing in common – they were all FAILURES.
In Sweden and the other Scandinavian countries, the Private Sector owns the near entirety of the Means of Production.
And the private entities in those countries are FILTHY RICH and pay LOWER CORPORATE TAX RATES THAN THE RICH DO IN AMERICA.
Sweden has some Big Mother Multi-National corporations (like Atlas Copco, Saab-Scania, Volvo, Ericsson etc).
Make no mistake, the top 1% in Sweden are raking in the bucks and businesses pay nowhere near the rates of tax that the Swedish middle classes do.
Ask your Swedish friend about that Brad, and you’ll see that this is indeed the case.
Click on the following link and see for yourself:
https://taxfoundation.org/blog/swedens-corporate-rate-13-points-lower-ours-and-going-lower/
As you can see, that lower corporate tax rate is not just one or two percentage points lower.
Sweden’s corporate tax rate is THIRTEEN PERCENTAGE POINTS LOWER than in America.
What Sweden (and the other countries in that region) have is a CRADLE TO GRAVE WELFARE SYSTEM that includes Medicare for All and various other welfare largesse.
Now, many leftists believe that Sweden and countries like it are STICKING IT TO THE RICH and making them fund all these generous welfare entitlements.
But THAT IS NOT TRUE (as I’ve shown you with the evidence above).
What Sweden does is TAX* THE HELL OUT OF THE MIDDLE CLASS to pay for this welfare state and Big Gubmint.
(*Did you buy any alcoholic beverages while you were in Sweden Brad?
Did you put some petrol in the rented car you drove?
If you did you would’ve been stung with the high prices relative to what you pay in the U.S).
Summary: Many people will bring up the NSDAP (Nationalsozialistische Deutsche Arbeiterpartei) of Hitler’s Germany as an example of alleged ‘Socialist success’.
And, seeing as the ‘S’ in that acronym stands for ‘Socialist’, they will say that Germany’s economic miracle in the 1930’s was due to Socialism.
THAT IS INCORRECT.The only reason Hitler included the word Socialist in the acronym to describe his party, is because he knew there were many Socialist/Communist sympathisers amongst the German electorate.
(FFS, Germany has very nearly fallen to a Communist uprising in the immediate post WWI years).
It was nothing more than a shrewd political manoeuvre – to attract those voters and give them the impression that his parry would ‘Stick it to the Oligarchs’.In Hitler’s Germany the state did not own the means of production. Mega corporation like Krupp (today trading as ThyssenKrupp on the German DAX), Siemens, Bayer, Lufthansa and countless others, were private sector industrial giants that Hitler schmoozed up to.
The means of production in Hitler’s Germany was owned overwhelmingly by the Private Sector.That is why Germany was as successful as it was ONCE IT HAD EXTRICATED ITSELF FROM THE ORBIT OF ZOG USURY.
Once the German financial system was no longer being asphyxiated by the tentacles of the Vampire Squid (aka the Zionist Usury Banking Cartel – operating out of the Square Mile in the City of London), Germany was unshackled from Talmudic exploitation.
Soon thereafter Germany was firing on all cylinders.
So Brad, despite Sweden slipping down the rankings post WWII (in per capita GDP terms) once it adopted the high taxing Big Gubmint Welfare State mentality, it nevertheless was MORE CAPITALISTIC THAN THE U.S from a business perspective – hence the reason why Sweden still enjoys a pretty good standard of living and you don’t see hordes of tent cities and homeless sleeping under bridges like you do in the Socialist trending U.S.
The system in Sweden allows the private sector to GENERATE WEALTH and CREATE JOBS by not subjecting it to the taxes/regulatory impediments that American businesses are subjected to.
That is the reality Brad. Be careful when listening to those rabid leftists that claim Sweden and neighbouring countries are Socialist. They most assuredly ARE NOT.
Amor Fatty writes:
Privatizing national parks means an end to national parks. By definition.
A Ted Turner might keep some as wilderness. Others would convert these national jewels into elite hunting parks or, more likely, lavish casinos to bleed dry the savings of more citizens.
Well, NO, actually.
Privatising a National Park would involve stipulations like these:
1) Firstly, the National Parks are not to be SOLD off. Private interests would be offered say (for example), a 25 year lease. (And said lease could be renewed if the private operator is meeting ALL the conditions). ie: conditions like:
2) Said parks are not to be turned into casinos, no commercial development to be undertaken on wilderness areas (eg: building of shopping malls, theme parks etc).
3) Said parks are not to be turned into Hunting arenas.
That said, if the number of some species are reaching plague proportions (like deer, foxes, rabbits, ducks, coyotes etc), and their numbers are threatening the ecosystem/causing over grazing/resulting in soil erosion, then some supervised hunting can be conducted to cull the herd.
4) The park should remain wilderness in all areas that it had previously been virgin territory.
The moment a private operator voids ANY of the above conditions (and several others that I’m sure you can imagine), then the lease is TORN UP and the Gubmint resumes operation of the venue.
The lease conditions will state that any investment the private operator made will be FORFEITED and they will not be compensated for millions spent on developing the National Park if they contravene the terms of the lease.
So naturally in view of that, private operators will do their damnedest to make sure they keep the National Park pristine/unpolluted/unspoilt – or else risk having their investment flushed down a rat hole.
It is THAT simple Mr Amor Fatty.
You clearly don’t have much of an imagination if you weren’t able to work that out on your own.
Elite Communist Incorporated writes:
And yet ypu have yet to make a case for no government.
But no government — nonsense.
I (and the vast majority of libertarians), never advocated for no government.
We advocate for Limited Gubmint.
And that case has been made one thousand times over.
But you are TOO LAZY to read the voluminous amount of material available from the very best Not-Beholden-To-ZOG economists and well researched commentators (like former Congressman Dr Ron Paul), that make the case for it.
I can understand from your perspective, seeing as you’re a rabid neocon and warmonger, that Gubmint is needed from your standpoint.
Because without Big Bloated Gubmint you ask yourself: ‘How can the U.S continue to pursue its murderous foreign policy and the endless wars?’
You know that Big Gubmint, flush with trillions of the citizens money that it has confiscated through a crushing tax burden, is needed to fund the Apartheid Israeli state and their genocide in Gaza.
Also Gubmint is needed so that hundreds of billions can be sent to that poisonous dwarf Zelensky to fund his Judeo-Ukrainian regime in that proxy war with the noble Russians.
This type of money squandering are things you approve of, seeing as you’re as thick as thieves with the Talmudic misfits that have run America into the ground, and their criminal agenda.
The point that the libertarians are making is that Gubmint as it exists (certainly at a Federal level – and the case can be made similarly at state level), can be largely abolished.
In it’s place there will instead be DECENTRALISED Gubmint, as local communities organise to create a Gubmint of their own that deals with their region.
The great Bill Bonner explains how Decentralisation, in conjunction with Small Gubmint, works:
Democracy works tolerably well, but only in small settings.
In a New England town, for example…or in a club…all the participants know more or less the same set of facts…and all have equal power. People can be persuaded by the most forceful and most eloquent members of the group, but decisions rarely fall too far from the tree of practical alternatives available.Not only do all the participants share the same information…they also share the same culture and language…and the same codes and rules. More importantly, they also know they have to bear the costs of whatever mischief their decisions cause.
In small groups, as in families, mistakes are exposed and punished…so, people tend to make fewer of them.But in large settings…the feedback loops get tangled or cut. People are busy with their own lives…and way too far from the â€facts’ to have useful opinions. They can’t be expected to master epidemiology one day and the history of the steppes the next.
Should the Donetsk People’s Republic be free from Ukraine? How would they know?As for his elected â€representatives’…they are quickly captured by pressure groups…political donors…think tanks…and the Deep State.
In practice, the government â€of the people, by the people, and for the people’ is none of those things.
It is a government of the elite, run by insiders, for the benefit of chisellers and busybodies.
Take heed Mr Elite Communist, because you are one very foolish and uninformed individual on a range of issues.
No need to tell them - they already know that excess Gubmint is failing them.
Tell it to the Danes, Swedes, and Finns.
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T-V,
I feel that I am somewhat knowledgeable concerning the “goings-on” in Sverige (Sweden). My father’s parents came to the USA from Sweden in the 1920s. Since becoming an amateur radio (ham radio) operator in 1981, I have had hundreds of contacts with Swedish ham radio operators. I have one Swedish ham friend that I have known for over 30 years. In the fall of 2019, I took a trip to Sweden and stayed with him and his wife for 3 weeks. He is slightly older than me and knows EXACTLY what has been and is going on in Sweden. He is a retired professional person, fluent in Swedish, English and German.
I have an older lady friend back in Illinois, whose deceased male friend was a ham radio operator. Both were fluent in the Swedish language. She also knows EXACTLY what has been and is going on in Sweden. She keeps up on the news there via mainstream and alternative news websites, as well as by staying in contact with her relatives there (she was born in Sweden).
Up until the “new age” politicians (mostly female) came into office there, Sweden’s socialist form of government worked very well for the majority of Swedish citizens. But in the last few years, Sweden has let into the country a large amount of Africans and Arabs and these groups are literally trashing the country. All because they were allowed to emigrate into Sweden by the politicians.
In my 3 weeks there, I travelled throughout central and southern Sweden. The people there are nothing but astonishing. Absolutely no “road rage” – everyone uses their turn signals, there is no “tail-gating” and ALL of the drivers are courteous to their fellow motorists, unlike here in the United States.
To say that I was impressed with the people of Sweden and their country would be an understatement. When it came time to come back to the United States, I did not want to come back. Sweden is infected with the same fraudulent and corrupt banking system as what we have here in the USA and in the rest of the so-called “civilized” world. There is BIG MONEY behind the problems that now face Seeden and, in my opinion, it is NOT because of their socialist form of government. It is because of the Big Money that has corrupted Swedish politics.
Tack sĂĄ mycket!
Brad, I agree with you that Sweden's problems cannot be blamed on Socialism.
There is BIG MONEY behind the problems that now face Sweden and, in my opinion, it is NOT because of their socialist form of government.
ďż˝
Sweden has some Big Mother Multi-National corporations (like Atlas Copco, Saab-Scania, Volvo, Ericsson etc).
In Sweden and the other Scandinavian countries, the Private Sector owns the near entirety of the Means of Production.
And the private entities in those countries are FILTHY RICH and pay LOWER CORPORATE TAX RATES THAN THE RICH DO IN AMERICA.
ďż˝
.
Summary: Many people will bring up the NSDAP (Nationalsozialistische Deutsche Arbeiterpartei) of Hitler's Germany as an example of alleged 'Socialist success'.
And, seeing as the 'S' in that acronym stands for 'Socialist', they will say that Germany's economic miracle in the 1930's was due to Socialism.
THAT IS INCORRECT.
The only reason Hitler included the word Socialist in the acronym to describe his party, is because he knew there were many Socialist/Communist sympathisers amongst the German electorate.
(FFS, Germany has very nearly fallen to a Communist uprising in the immediate post WWI years).
It was nothing more than a shrewd political manoeuvre - to attract those voters and give them the impression that his parry would 'Stick it to the Oligarchs'.
In Hitler's Germany the state did not own the means of production. Mega corporation like Krupp (today trading as ThyssenKrupp on the German DAX), Siemens, Bayer, Lufthansa and countless others, were private sector industrial giants that Hitler schmoozed up to.
The means of production in Hitler's Germany was owned overwhelmingly by the Private Sector.
That is why Germany was as successful as it was ONCE IT HAD EXTRICATED ITSELF FROM THE ORBIT OF ZOG USURY
ďż˝
No doubt both you (and I) can come up with similar privatisations that went pear shaped and resulted in higher prices/worse service for customers and taxpayers, than when they were Gubmint owned it.
I detest the privatization of American prisons.
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Understandably, in the case of a small town that has a single utility company providing electricity (for example) where it is not commercially viable for a second utility company to set up shop and compete, in a situation like that a privatisation can still be done if contractual agreements are made that ensures that the private electricity supplier meets certain benchmarks like:
If there is no customer choice, if customers are unable to choose another provider if the previous one overcharges/delivers poor service etc, then this is no longer Capitalism.
Privatisation only works in the context of a market with few if any impediments (be they regulatory or otherwise).
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Thanks to reply. I am a big fan of smaller government and delight in some market places. However
Private prisons owned by investors who desire great profit have a huge conflict of interest with principals of freedom and liberty. I would say their conflict of interest is large or greater than the public “service” of keeping bad people canned up.
To be a growth industry and fill every prison cell of every new prison, the private interests would meddle with laws of the land for person gain, not on behalf of the public good. That is what happened when the prison guard union promoted the Three Strikes law in California that had morphed from targeting repeat violent criminals to “felon” shoplifters at 7-11. This was obscene; as it destroyed lives it drained off tax payer dollars. Meanwhile the privately owned concessions sell prisoners 20 cent ramen noodle packets for two dollars or more.
Privatizing national parks means an end to national parks. By definition. A Ted Turner might keep some as wilderness. Others would convert these national jewels into elite hunting parks or, more likely, lavish casinos to bleed dry the savings of more citizens.
If you cannot see this, you have lost the plot. Like, have you not considered the virtue of demonetizing some aspects of human existence?
With usura hath no man a house of good stone
each block cut smooth and well fitting
that design might cover their face…
with usura, sin against nature,
is thy bread ever more of stale rags
is thy bread dry as paper…
Usura slayeth the child in the womb
It stayeth the young man’s courting
It hath brought palsey to bed, lyeth
between the young bride and her bridegroom
CONTRA NATURUM
They have brought whores for Eleusis
Corpses are set to banquet
at behest of usura.
From the Cantos of Ezra Pound (XLV)
Well, NO, actually.
Privatizing national parks means an end to national parks. By definition.
A Ted Turner might keep some as wilderness. Others would convert these national jewels into elite hunting parks or, more likely, lavish casinos to bleed dry the savings of more citizens.
ďż˝
WTF did you say? Talk about convoluted.
Don’t drink and type.đź…
Of course, if in the future taxes were necessary for an emergency, the Florida legislature could pass a temporary tax to pay for any unusual circumstances. Allowing people to keep their money is a good thing.
So people should pay sales tax on necessities of life like food, water, medicine, medical equipment, clothing and shoes?
How would you know that these concepts are allowed free reign under a libertarian system?
The U.S. is Finance capitalist/Oligarchy/Kritarchy/Kakistocracy/Xenocracy.
All of these concepts are allowed free reign in a free-dumb libertarian system.
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Starting with Hoover (who was a textbook Keynesian without even knowing it), both taxes and Gubmint grew like a cancer.
But that degeneration occurred because THE OPPOSITE OF LIBERTARIANISM WAS PRACTISED.
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Well guess what? American has been involved in one murderous foreign intervention after another for most of the last 100 years.
SUMMARY: Libertarianism is all about:
1) Minimal taxes2) Minimal Gubmint3) Minimal Gubmint micromanagement of the lives of the citizenry, without the maze of regulatory roadblocks that prevent the private sector from generating wealth for the nation.4) Living within your means (ie: running balanced budgets and operating under a Sound Money monetary system - the Gold Standard).5) Letting the market decide what the level of interest rates should be.
ie: NO NEED for a central bank (like the ZOG owned Federal Reserve).6) The Non-Aggression Principle.
In other words libertarians follow the Jeffersonian maxim of 'Trade and peaceful relations with all nations, entangling alliances with none.
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Once again Mr MoFo-Bill, you’re talking shit.
The last 100 years for America has all been about Big Gubmint growth and increasing erosion of Liberty. (eg: heavy handedness like the mass cull of the citizenry during the Covid Psyop).
America was usurped, especially by 1912. What is your point?
It was usurped by privateers, which libertarianism celebrates.
Free movement of people! Free international movement of Shekels! All humans are moral and are the same!
Oh, and there is no such thing as debt slavery!
Libertarianism is a crock of shit. If only our god, our gold bars was in charge. Never mind that the Jew took thousands of tons of gold at usury on the trade routes, and was his principle tool to fund the creation of libertarian orthodoxy.
What a chump. Into the concentration camp with you and your ilk – head first. You are a prime example of the inability to learn, a brain that has calcified/ myelin sheathed and cannot be re-programmed, unless a boot is crashing into your skull.
All so Jewish, indeed.
The idea was to break up Russia and China and install dollarized debts onto the now fractured zones.
Oh Wait! Libertarianism does not comprehend debts, as if they don’t exist. So Jewish!
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With regards to your post:
A Convertible Debenture is a standard security issued by a corporation to a premium lender to whom the corporation grants especially advantageous terms to incentivize the investment. It is a bond giving the holder the option at any time to convert his debt instrument into an equity holding in the corporate issuer such that the investor can share in the upside of the corporation’s fortunes at any time by converting his bond debt claim interest to equity stock.)
Hamilton “converted” debts to “equity” to form the first bank. This was his huge mistake. A lot of economists call it some sort of brilliant maneuver, which saved the country from the claims of the creditors.
Hamilton allowed usurers to stick their hooked camel nose into the tent. The end result is that the bank was overcome, and was sold to the Baring brothers. This is one of the original sins in America, which gave Jewish financiers an open door to operate their parasitic mechanisms.
The general rule, not taught to economists, is the notion of sordid gain taking. Anything beyond 1.5X gains, and certainly 2X gains is usury. Usury is a power position. The Creditors were allowed into the bank due to their perceived power position, when they actually didn’t have power.
All Hamilton had to do is give them some sort of special stock, guaranteeing them 1.5 or 2X, but no way to own the bank.
Jews are children of the lie, to get their way – they have to create a reality against the Logos.
As you've edified readers on here capable of assessing credibility sufficiently to recognize who to heed, THE CENTRAL BANK MUST NOT BE PRIVATE BUT RATHER GOVERNMENT-CONTROLLED BY A GOVERNMENT THAT LOVES THE PEOPLE INSTEAD OF WANTING TO OWN AND EXPLOIT THEM LIKE ANIMALS AS THE JEWS SEEK TO TREAT the goyim.
Hamilton “converted” debts to “equity” to form the first bank. This was his huge mistake.
ďż˝
Ye’s Negro, Heil Hitler is a statement against Jew-Fault Divorce which is a Jew tool to further spread Jew U$ury.
Negroes got BTFO’d by the finance jews. When Marcus Garvey wanted to remove negroes to Africa, he ran into resistance. When Marcus visited the NAACP in New York, there were no negroes there; it was all Jews.
This is why the concepts of Xenocracy and Kritarchy matter. Xenocracy is rule by a foreign elite, or even an “international financier” who has no allegiance to the nations civilizational forming people. Xenocrats only have allegiance to themselves and their in-group.
Xenocrats also import an army to do their bidding. They know at subconscious level, they are taking usury on the citizens, and sucking up life energy, as a parasite. In the case of American negroes, it was the intent of the Jewish Finance Oligarchy, to become a Xenocracy, and then create an army to do their bidding.
This is why the battles between Booker T. Washington and W.E.B. Dubois were so important. Blacks got BTFO’d by the Jews, and then became chumps and warriors for the Jew.
A kritarchy, as you probably already know, is rule by judges. The judges are corrupt agents for the Xenocracy/Finance Oligarchy. For example, the Jewish Kritarchy knew that the 1965 immigration act would change the demographics of the Americas, and destroy the civilizational destroying people. This is perfectly in-alignment with their in-group goals of spreading debt, to then establish a permanent creditor over debtor system, which is debt slavery.
Again, negroes became agents for the Jewish finance capital debt slavery system, as chumps.
Intelligent negroes like Ye, are the enemy of the Jew, as intelligent negroes become aware of their chump status.
When the Jews and DuBois won out over Booker T., it was yet another case of the Jew winning.
Jew fault divorce is more Jew winning. If you break up the family, then you destroy the civilizational forming people (typically whites).
Russia is more advanced on the Jew problem, since they are the child of the Byzantine empire. Stalin called the “Rus” as the civilizational forming people. Stalin became disgusted by the Jew, as he grabbed everything not nailed down, and sold it into the East, to then get some shekels.
Stalin also removed Jews from all power positions, and affirmed Rus as “civilizational forming” even though he himself was not Rus/Viking/Aryan.
Booker wanted segregated black communities, with circulating Greenbacks. This would also include intact black families, where the wife stays at home taking care of the children, instilling good values.
Booker was a huge threat to the Jew’s warfare mechanism of Xenocracy.
This is the sort of response I’d expect from a known idiot, someone who gets all his info about libertarianism from the corrupt ZOG owned MSM and a variety of Marxist and Judeo-Bolshevik literature.
ďż˝
You are the known idiot, and a sociopath. Anybody with more than two digits of IQ can see that libertarianism is an a-priori construct. That means theorists conjure up a theory, then go looking for evidence to back up their theory. It is infantile bull shit, that snares low IQ normies. It is not an honest ideology by definition.
UR readers take note: I’ve had considerable interaction with this clown. And to give you just one example of a foolish notion this man holds (among many), Punch Drunk Brother believes the War on Drugs was a failure because Gubmint did not flush enough trillions down a rat hole to combat it.
ďż˝
Comment
is in response to this.
This is the sort of response I’d expect from a known idiot, someone who gets all his info about libertarianism from the corrupt ZOG owned MSM and a variety of Marxist and Judeo-Bolshevik literature.
ďż˝
You are the known idiot, and a sociopath. Anybody with more than two digits of IQ can see that libertarianism is an a-priori construct. That means theorists conjure up a theory, then go looking for evidence to back up their theory. It is infantile bull shit, that snares low IQ normies. It is not an honest ideology by definition.
UR readers take note: I’ve had considerable interaction with this clown. And to give you just one example of a foolish notion this man holds (among many), Punch Drunk Brother believes the War on Drugs was a failure because Gubmint did not flush enough trillions down a rat hole to combat it.
ďż˝
MoFo-Bill writes:
The U.S. is Finance capitalist/Oligarchy/Kritarchy/Kakistocracy/Xenocracy.
All of these concepts are allowed free reign in a free-dumb libertarian system.
How would you know that these concepts are allowed free reign under a libertarian system?
Because there has been NO administration in America in the last 100 years that was even remotely libertarian.
The closest would’ve been the administrations of Harding* (more so) and Coolidge (to a lesser extent than the former), during the 1920’s.
And the U.S economy (and with it a broad demographic of the citizenry), prospered mightily during that period.
(*Harding is the standout President of the 20th century from a libertarian perspective.
JFK** comes in second place).
(**JFK gets most of his libertarian brownie points from a foreign policy perspective, as he made great strides in achieving detente with the Soviet Union and was well on the way to normalising relations with Cuba when he was killed by the ZOG misfits. He also lowered income tax rates).
Meanwhile, there is no disagreement from me that the U.S has degenerated into all those things you described over the last 100 years.
But that degeneration occurred because THE OPPOSITE OF LIBERTARIANISM WAS PRACTISED.
Starting with Hoover (who was a textbook Keynesian without even knowing it), both taxes and Gubmint grew like a cancer.
FDR of course did exactly what Hoover did (but on an even more monumental scale).
FDR and the first Jewish President (LBJ) were the INVERSE of libertarians (Gubmint grew fastest of all under their tenures. And they were both ZOG sock puppets and warmongers).
SUMMARY: Libertarianism is all about:
1) Minimal taxes2) Minimal Gubmint
3) Minimal Gubmint micromanagement of the lives of the citizenry, without the maze of regulatory roadblocks that prevent the private sector from generating wealth for the nation.
4) Living within your means (ie: running balanced budgets and operating under a Sound Money monetary system – the Gold Standard).
5) Letting the market decide what the level of interest rates should be.
ie: NO NEED for a central bank (like the ZOG owned Federal Reserve).6) The Non-Aggression Principle.
In other words libertarians follow the Jeffersonian maxim of ‘Trade and peaceful relations with all nations, entangling alliances with none.
Well guess what? American has been involved in one murderous foreign intervention after another for most of the last 100 years.
This is the antithesis of libertarianism.
Everything that’s happened to America over the last 100 years is stuff that all comes from YOUR playbook Mr MoFo.
(ie: Bloated Authoritarian Big Gubmint, operating on a Fiat Monetary system.
And of course those endless wars on behalf of your Jewish benefactors).
Once again Mr MoFo-Bill, you’re talking shit.
The last 100 years for America has all been about Big Gubmint growth and increasing erosion of Liberty. (eg: heavy handedness like the mass cull of the citizenry during the Covid Psyop).
In other words, exactly the sort of thing that you and Michael Hudson get off on.
America was usurped, especially by 1912. What is your point?
Once again Mr MoFo-Bill, you’re talking shit.
The last 100 years for America has all been about Big Gubmint growth and increasing erosion of Liberty. (eg: heavy handedness like the mass cull of the citizenry during the Covid Psyop).
ďż˝
The idea was to break up Russia and China and install dollarized debts onto the now fractured zones.
Oh Wait! Libertarianism does not comprehend debts, as if they don’t exist. So Jewish!
All so Jewish, indeed.
Just as mentioned here over the weekend
unz.com/aanglin/all-my-niggas-nazis-nigger-heil-hitler/#comment-7119042
Ye’s Negro, Heil Hitler is a statement against Jew-Fault Divorce which is a Jew tool to further spread Jew U$ury.
Exactly why the Jews sought Divine Jesus’s death from the instant he came out of the gate opposing Jew U$ury in his first recorded public sermon, Luke 4:23-30 where he’s voiding Deut. 15:3 and 23:21 allowing/promoting infliction of Jew U$ury upon the goyim.
Tell it to the Danes, Swedes, and Finns.
No need to tell them – they already know that excess Gubmint is failing them.
Take Sweden for example. Prior to the middle of the 20th century it was a nation pursuing Capitalism and had minimal Gubmint. And needless to say it always figured amongst the top handful of nations in GDP per capita terms.
But in the decades subsequent to WWII, Gubmint grew and Sweden experimented with the cradle to grave welfare state model.
Needless to say, Sweden started slipping down the tables in terms of per capita GDP, and is well down from its former heights.
To the extent that Sweden has not completely hit the skids is due to the fact that Swedan accumulated quite a reservoir of wealth/educational infrastructure etc from the days of yore (when Gubmint was squandering far less of that nation’s wealth).
And bear in mind also that Sweden has a relatively small population (10.5 million) covering a pretty large land mass (with bountiful resources and commodities for export).
So that bumps up the bottom line and makes them appear better than they otherwise would had they not been blessed with those natural resources.
Same goes for Norway (whom the Big Gubmint worshippers like you choose to reference).
They were always one of the poorer nations of that region.
But then they discovered North Sea oil in the late 1970’s/early 80’s – and their fortunes took a radical turn as that River of Riches they discovered more than made up for the squandering of Gubmint.
This is the sort of response I'd expect from a known idiot, someone who gets all his info about libertarianism from the corrupt ZOG owned MSM and a variety of Marxist and Judeo-Bolshevik literature.UR readers take note: I've had considerable interaction with this clown. And to give you just one example of a foolish notion this man holds (among many), Punch Drunk Brother believes the War on Drugs was a failure because Gubmint did not flush enough trillions down a rat hole to combat it.He believes that if America only had a few million extra law enforcement officers on the beat cracking skulls, that the drug problem would've been resolved.
Libertarianism is a gigantic a priori fallacy.
It starts with the assumption that government needs to be small without ever explaining why this must be or why it would be a good thing.
ďż˝
The Pentagon and HUD can't account for $21 trillion over just the past 17 years-enough money to pay back the current U.S. national debt.
A new report analyzing the budgets of both the Department of Defense (DOD) and the Department of Housing and Urban Development (HUD), found that between 1998 and 2015, these two departments alone lost over $21 trillion in taxpayer funds.
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In the 130 or so years from the beginning of the republic until the creation of the ZOG owned Federal Reserve in 1913, the U.S became the richest nation on the planet - and that wealth was shared by a majority of its citizenry, as the bulk of the population was lifted from subsistence poverty to the middle class and beyond.
Summary: I don't even know why I have to explain these things to you.
Anyone with eyes and ears ALREADY KNOWS these things.
But you Punch Drunk Brother, as your handle would suggest, have copped a hell of a lot of blows to your head and have neurological impairment - coupled to the fact that you've been living under a rock this whole time and thus you're oblivious to the goings on in the real world.
Anyway, I'll explain how Gubmint works using the following analogy made by one very wise man:Gubmint spending is like getting a blood transfusion from your right arm to your left arm, only half the blood is spilled on the floor in the process.
ďż˝
This is the sort of response I’d expect from a known idiot, someone who gets all his info about libertarianism from the corrupt ZOG owned MSM and a variety of Marxist and Judeo-Bolshevik literature.
UR readers take note: I’ve had considerable interaction with this clown. And to give you just one example of a foolish notion this man holds (among many), Punch Drunk Brother believes the War on Drugs was a failure because Gubmint did not flush enough trillions down a rat hole to combat it.
You are the known idiot, and a sociopath. Anybody with more than two digits of IQ can see that libertarianism is an a-priori construct. That means theorists conjure up a theory, then go looking for evidence to back up their theory. It is infantile bull shit, that snares low IQ normies. It is not an honest ideology by definition.
When logical thinkers (like Punch Brother) point out logical inconsistencies of the false construct, by using real data, LoL’s go into a histrionic diatribe of name calling.
With regards to Gubmint not flushing enough trillions, that begs the question, “What government?”
The U.S. is Finance capitalist/Oligarchy/Kritarchy/Kakistocracy/Xenocracy. All of these concepts are allowed free reign in a free-dumb libertarian system.
In other words, you create government and things you hate, because Libertarianism is for morons. It was invented to capture your (deformed) personality type. The Jews got you exactly where they want you.
You absolutely could create concentration camps, and stuff them full of degenerates. Then it would take some time for re-education, and their learning how to work, and have self-respect. But, concentration camps are a not possible in Libertarian Lol Lol land. See how your a-priori construct is a self licking ice cream cone.
The concentration camps wouldn’t even be that expensive. The Chinese Uighur camps were a smashing success at sweeping out Takfiri Islamic brain rot – that the western Kakistocracy was trying to implant into Chinese Muslim regions.
The idea was to break up Russia and China and install dollarized debts onto the now fractured zones.
Oh Wait! Libertarianism does not comprehend debts, as if they don’t exist. So Jewish!
How would you know that these concepts are allowed free reign under a libertarian system?
The U.S. is Finance capitalist/Oligarchy/Kritarchy/Kakistocracy/Xenocracy.
All of these concepts are allowed free reign in a free-dumb libertarian system.
ďż˝
Starting with Hoover (who was a textbook Keynesian without even knowing it), both taxes and Gubmint grew like a cancer.
But that degeneration occurred because THE OPPOSITE OF LIBERTARIANISM WAS PRACTISED.
ďż˝
Well guess what? American has been involved in one murderous foreign intervention after another for most of the last 100 years.
SUMMARY: Libertarianism is all about:
1) Minimal taxes2) Minimal Gubmint3) Minimal Gubmint micromanagement of the lives of the citizenry, without the maze of regulatory roadblocks that prevent the private sector from generating wealth for the nation.4) Living within your means (ie: running balanced budgets and operating under a Sound Money monetary system - the Gold Standard).5) Letting the market decide what the level of interest rates should be.
ie: NO NEED for a central bank (like the ZOG owned Federal Reserve).6) The Non-Aggression Principle.
In other words libertarians follow the Jeffersonian maxim of 'Trade and peaceful relations with all nations, entangling alliances with none.
ďż˝
is in response to this.
https://www.unz.com/article/president-trumps-proposal-to-eliminate-income-taxes-can-it-be-done/#comment-7121022
ďż˝
No doubt both you (and I) can come up with similar privatisations that went pear shaped and resulted in higher prices/worse service for customers and taxpayers, than when they were Gubmint owned it.
I detest the privatization of American prisons.
ďż˝
Understandably, in the case of a small town that has a single utility company providing electricity (for example) where it is not commercially viable for a second utility company to set up shop and compete, in a situation like that a privatisation can still be done if contractual agreements are made that ensures that the private electricity supplier meets certain benchmarks like:
If there is no customer choice, if customers are unable to choose another provider if the previous one overcharges/delivers poor service etc, then this is no longer Capitalism.
Privatisation only works in the context of a market with few if any impediments (be they regulatory or otherwise).
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Hello V-T,
Here is where we agree to disagree. I also detest the privatization of prisons. If I were “in charge,” the gov’t would be about 75% smaller. But I am vehemently against the privatization of “the commons,” such as lakes, rivers and parks. Speaking of parks, I just checked the cost of admission at the Sequoia National Park, in California – $20 for a carload of persons. Anyone who says that they can’t “afford” this might consider forgoing one a new tattoo, a piercing, a “nail treatment” or a wild hair coloring. The Sequoia trees are not found anywhere else in the world. So much for the “competition” argument.
I don’t know what their exact status is today, but in the past, the privatization of the Chicago Skyway and the Indiana toll road have been disasters – shoddy maintenance and higher than necessary tolls.
Again, I don’t know how things are today, but in years gone by, I have driven to California and back from northern Illinois – twice. The ONLY roads as bad or worse than Illinois roads were the roads in Oklahoma – Oklahoma also had toll roads. Having worked my entire life in northern Illinois, there was always intense “rivalry” between the citizens of Illinois and the citizens of Wisconsin.
The citizens of Wisconsin would rightly (in my opinion) “thumb their noses” at the citizens of Illinois. As soon as one crossed the border from Illinois into Wisconsin, the roads miraculously improved, and Wisconsin had NO toll roads. Taxes in Wisconsin are admittedly higher than in Illinois, but the quality of life was (and is) much better. Unlike in Illinois, the people of Wisconsin get rid of the politicians who turn out to be bad ones.
Two of the successes in the “government vs. privatization department” are the Tennessee Valley Authority and the city-owned cable TV & internet franchise in one of the larger cities here in Tennessee. I don’t know which city has the publicly owned utility, but the residents enjoy much more inexpensive cable TV and internet services than those provided by the for-profit supplier(s).
I agree with you on many things, but as I have stated here on Unz before, I believe that ALL roads lead to tyranny – capitalism, communism, fascism libertarianism and socialism. That is, in my opinion, because of man’s inherent greed and lust for power. “All” types of government “could” work in theory, except that greed and lust for power have been the ruination of each of them. Here in the USA, we have had the most perfect (yet) political system, but greed and lust for power have ruined it. That is my opinion, anyway.
Also, as I have stated here many times before, I believe that the best “system” is capitalism with government not being any larger than necessary, and with the proper safeguards in place to protect the people from the predator financial interests and the corporations. If anyone thinks that the “states” have the ability to look out for the people, he or she had better think again, as most all states are as corrupt as the federal government, in my opinion.
Thank you.
This is the sort of response I'd expect from a known idiot, someone who gets all his info about libertarianism from the corrupt ZOG owned MSM and a variety of Marxist and Judeo-Bolshevik literature.UR readers take note: I've had considerable interaction with this clown. And to give you just one example of a foolish notion this man holds (among many), Punch Drunk Brother believes the War on Drugs was a failure because Gubmint did not flush enough trillions down a rat hole to combat it.He believes that if America only had a few million extra law enforcement officers on the beat cracking skulls, that the drug problem would've been resolved.
Libertarianism is a gigantic a priori fallacy.
It starts with the assumption that government needs to be small without ever explaining why this must be or why it would be a good thing.
ďż˝
The Pentagon and HUD can't account for $21 trillion over just the past 17 years-enough money to pay back the current U.S. national debt.
A new report analyzing the budgets of both the Department of Defense (DOD) and the Department of Housing and Urban Development (HUD), found that between 1998 and 2015, these two departments alone lost over $21 trillion in taxpayer funds.
ďż˝
In the 130 or so years from the beginning of the republic until the creation of the ZOG owned Federal Reserve in 1913, the U.S became the richest nation on the planet - and that wealth was shared by a majority of its citizenry, as the bulk of the population was lifted from subsistence poverty to the middle class and beyond.
Summary: I don't even know why I have to explain these things to you.
Anyone with eyes and ears ALREADY KNOWS these things.
But you Punch Drunk Brother, as your handle would suggest, have copped a hell of a lot of blows to your head and have neurological impairment - coupled to the fact that you've been living under a rock this whole time and thus you're oblivious to the goings on in the real world.
Anyway, I'll explain how Gubmint works using the following analogy made by one very wise man:Gubmint spending is like getting a blood transfusion from your right arm to your left arm, only half the blood is spilled on the floor in the process.
ďż˝
Laugh
Tell it to the Danes, Swedes, and Finns.
And yet ypu have yet to make a case for no government. Even ne accepted ypur pit in the sky notions, the only case you make is one of a more eeciamt government, that’s fine.
But no government — nonsense.
No need to tell them - they already know that excess Gubmint is failing them.
Tell it to the Danes, Swedes, and Finns.
ďż˝
I (and the vast majority of libertarians), never advocated for no government.
And yet ypu have yet to make a case for no government.
But no government — nonsense.
ďż˝
Take heed Mr Elite Communist, because you are one very foolish and uninformed individual on a range of issues.Replies: @EliteCommInc.
Democracy works tolerably well, but only in small settings.
In a New England town, for example…or in a club…all the participants know more or less the same set of facts…and all have equal power. People can be persuaded by the most forceful and most eloquent members of the group, but decisions rarely fall too far from the tree of practical alternatives available.
Not only do all the participants share the same information…they also share the same culture and language…and the same codes and rules. More importantly, they also know they have to bear the costs of whatever mischief their decisions cause.
In small groups, as in families, mistakes are exposed and punished…so, people tend to make fewer of them.
But in large settings…the feedback loops get tangled or cut. People are busy with their own lives…and way too far from the â€facts’ to have useful opinions. They can’t be expected to master epidemiology one day and the history of the steppes the next.
Should the Donetsk People’s Republic be free from Ukraine? How would they know?
As for his elected â€representatives’…they are quickly captured by pressure groups…political donors…think tanks…and the Deep State.
In practice, the government â€of the people, by the people, and for the people’ is none of those things.
It is a government of the elite, run by insiders, for the benefit of chisellers and busybodies.
ďż˝
Libertarianism is a gigantic a priori fallacy. It starts with the assumption that government needs to be small without ever explaining why this must be or why it would be a good thing. It then proceeds to analyze every issue from that mindset. As has been said: when the only tool you have is a hammer, every problem looks like a nail.Replies: @EliteCommInc., @Truth Vigilante
Libertarians have never pit forward a system that would pay for the government we have or need
ďż˝
Punch Drunk Brother writes:
Libertarianism is a gigantic a priori fallacy.
It starts with the assumption that government needs to be small without ever explaining why this must be or why it would be a good thing.
This is the sort of response I’d expect from a known idiot, someone who gets all his info about libertarianism from the corrupt ZOG owned MSM and a variety of Marxist and Judeo-Bolshevik literature.
UR readers take note: I’ve had considerable interaction with this clown. And to give you just one example of a foolish notion this man holds (among many), Punch Drunk Brother believes the War on Drugs was a failure because Gubmint did not flush enough trillions down a rat hole to combat it.
He believes that if America only had a few million extra law enforcement officers on the beat cracking skulls, that the drug problem would’ve been resolved.
You’ll travel many a mile before you encounter anyone as moronic and uninformed as our Punch Drunk friend. Some of his beliefs are absolutely juvenile.
For a comprehensive education as to why tiny Gubmint is beneficial, you need only go to the library at Mises.org and read literally millions of words explaining how small Gubmint is always best and yields maximum prosperity.
This is the sort of response I’d expect from a known idiot, someone who gets all his info about libertarianism from the corrupt ZOG owned MSM and a variety of Marxist and Judeo-Bolshevik literature.
ďż˝
You are the known idiot, and a sociopath. Anybody with more than two digits of IQ can see that libertarianism is an a-priori construct. That means theorists conjure up a theory, then go looking for evidence to back up their theory. It is infantile bull shit, that snares low IQ normies. It is not an honest ideology by definition.
UR readers take note: I’ve had considerable interaction with this clown. And to give you just one example of a foolish notion this man holds (among many), Punch Drunk Brother believes the War on Drugs was a failure because Gubmint did not flush enough trillions down a rat hole to combat it.
ďż˝
That is incorrect.
Libertarians have never pit forward a system that would pay for the government we have or need.
ďż˝
EliteCommInc. has no affiliation with any communist organization or ideology.
Well, until you actually adress the numbers to the nudget —
nice pipe dream.
As long as there is a nation, tere will be a need to pay for services. Some of those services will crucial services border control defense, policing, if the nation maintains a public education system —-
laugh forgot te three zeros appreciate it.
Libertarianism is a gigantic a priori fallacy. It starts with the assumption that government needs to be small without ever explaining why this must be or why it would be a good thing. It then proceeds to analyze every issue from that mindset. As has been said: when the only tool you have is a hammer, every problem looks like a nail.Replies: @EliteCommInc., @Truth Vigilante
Libertarians have never pit forward a system that would pay for the government we have or need
ďż˝
it’s a nice idea
â€CUTS’ and â€EFFICIENCIES’
To create all money as debt is the antithesis of the Freedom God, the spirit of America and the American Constitution intended. It is bondage, destructive and deficient. When interest bearing debt is used for money, there will be debt, lots of it as the non-money debt is always greater than the money supply and growing with time as all money is debt. Not all debt is money. It’s the same worldwide. â€CUTS’ and â€EFFICIENCIES’ are not the way out.
The total American Public and private debt near $100 Trillion includes the Total M-2 money supply of near $20 trillion. The difference of $80 trillion is not money. It’s only a debt expected to be paid in money. It grows with time. The money supply only grows with more borrowing, more debt slavery in the Land of the Free. Money is extinguished when loan principal is repaid. Spending the $20 Trillion of debt money on the debt would extinguish the entire money supply and leave $80 trillion in debt growing with time.
Quotes from letters to me from the U.S. Treasury: “Money for paying interest on borrowed money comes from the same source all other money comes from.” The interest is borrowed too. “Money that one borrower uses to pay interest on a loan has been created somewhere else in the economy by another loan.” From the Congressional Research Service, “Money is created when loans are issued and debts incurred. Money is extinguished when loans are repaid.
The non-money cost of money, interest, is added to the costs of production and therefore to the costs-of-living. This creates a constant rise in the costs of living and a growing ‘spread’ between the money supply and prices resulting in a loss of purchasing power in the medium of exchange and growing difficulty making ends meet for all segments of society including the U.S. Government which has the Congressional authority to create money. That Congressional authority was one intended to create money as a wealth not as a debt so to preserve, protect and defend Liberty.
Once, the American government did do its duty by monetizing the peoples’ production as a wealth to the people; money that was free of debt, free from obligation to perform for anyone and was in the Spirit of Liberty and Justice for all, the American Intent. The medium of exchange represented our labor, raw resources, ownership and the wealth of our garden, our nation. The wealth money supply only increased with productivity gains. Government could not create money until the people did production first; production that everyone needed, used and that the public benefitted from mutually so as to promote the general Welfare resulting in a debt free medium of exchange. We could do commerce without having to be in debt.
Over 141 years, from 1792 to 1933, special interests lobbied to get Congress to pass bad laws in 1853, 1863, 1873, 1913 and 1933 which resulted in Congress finally relinquishing its authority to create money to private interests in violation of the Non-Delegation Doctrine. These actions switched our money from a debt-free evidence of our production, liberty and OWNERSHIP to an evidence of our debt, our bondage and what we OWE. America does not have a â€spending’ problem. It has a â€borrowing’ problem. We are in debt bondage. We fought a Revolutionary war to prevent being forced into debt to pay the Stamp Tax of 1765. Yet, here we are, forced to borrow and forced into debt. No debt. No money.
America cannot be made great again unless it is Free again. Freedom made America great. Debt bondage has not and cannot. We could stop all spending, but the debt would continue to grow. We could spend the entire $20 Trillion money supply towards the debt. That would leave us with no money and $80 Trillion in debt growing with time. As long as debt is all there is; â€cuts’ and â€efficiencies’ won’t fix: the root of the problem, bondage to unpayable debt and a bookkeeping system designed by people that records money as debt not wealth; people who, contrary to historical fact, believe there must be debt for money to exist.
America cannot ‘efficiency’ nor â€cut’ its way out of its debt path to destruction. America must restore the PRINCIPLE of a debt free medium of exchange like America attempted to start with. We must transition from the creation of all money by private interests as unpayable interest-bearing debt, to all money created by the public U.S. Treasury, as a debt free representation of production done that everyone needs, uses and benefits from mutually, our Liberty, OWNERSHIP and the wealth of our Nation.
Find drafts of this legislative idea at these two links:
https://www.debtfreemoney.org/american-transportation-act https://www.debtfreemoney.org/wp-content/uploads/2025/01/FINSTA_089_xml.pdf
Debt and its forced bondage have made us forget and deny our country, our Constitution and God’s intent that we be Free.
Help restore Liberty, Justice and Prosperity through the PRINCIPLE of a debt free medium of exchange.
Thank You for Your Service.
Gregory K. Soderberg
Debt Freedom Friends
Austin, MN.
Although the general direction of declining unemployment shown in that table is accepted, the official figures still likely are underestimates.
“In January 1936 the Reich Labour Ministry was gloomily reporting unemployment still running at around 2.5 million, with, it seemed, little prospect of a further lasting reduction.”
— Ian Kershaw, Hitler: 1889-1936, p. 581.
Partly true. The trouble is, tax obligations are what gives fiat money value.Even if you yourself are not obliged to pay, you want the rich man that sells you things to need your dollars to pay his tax. This need is why he accepts your otherwise worthless dollars from you in payment.
No one should pay income taxes. The federal government is quite capable of printing money to cover expenses.
ďż˝
I believe that you and I have been through this before: the links you provide say little that is sensible. Most persons are not interested to learn how the Federal Reserve works, but you plainly are, so may I suggest that reading up on it might be a good use of your time?Chapters�1, 2 and�3, up through page�48 of the PDF, should suffice.Replies: @anon
But the key is to ban the privately-held federal reserve.
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Taxation has zero effect on the value of money- all the funds we need to pay are spent by the govt. and go directly to the taxpayers in many cases.
If the “tax” part of collection vanished tomorrow, it only covers 1/2 the federal budget.
Dollars have value because it is “legal tender for all debts public and private”, and because it is the world currency for oil and other trade. Taxation is only scooping back what was already spent.
Are you familiar with what Warren Mosler has to say about this?
Taxation has zero effect on the value of money.
ďż˝
Social Security is not a problem. All you need to do to address future shortfalls is slightly raise taxes.
"Means-testing" social security is evil. SS is based on what you pay into it. Those who pay more deserve to collect more.Means-testing in general is one of the stupidest ideas of all time. It's because of means-testing that those on welfare are disincentivized from advancing. When you hear someone use the term "means-testing" it likely means you're dealing with an idiot incapable of independent thought who can only regurgitate talking-points. Or a Libertarian (same thing).Replies: @Jefferson Temple
Then they could look at means testing social security to close the budget gap some more.
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You apparently have thought about it in much more detail than I. My idea is not that more wealthy recipients be cut off but rather receive a modest trim in payment. We have a huge debt problem and we’re not getting out of it without universal pain, if we ever get out of it. Sorry, elderly folks.