there's only one way to move - it's forward or get stuck in the past of some uncertain "no win scenario" we can never go back and win - sadly it's a most certain element of the human condition and sadly we get stuck in no win scenarios because of bad leadership.....
However there's a key problem preventing us from moving forward....
Key problem (for here and now) is I see a modern dark ages for us... For many who lived in the Soviet Union it was a chore just to get through the day and night (the government and Lenin ("the master controller") ran up the debts, acted like there was no problem (offered cheap goods for less than could possibly be produced according to the real value of money, later resulting in a dead nation, fascism, and forced slavery) . It should not be that way in the land of prosperity.. I know it isn't that bad now but for few who understand the infrastructure degradation and political changes it is a most certain path ---- in my opinion.
Lenin convinced the people (especially his soldiers) that he was for the poor. Yet Lenin came from a well off family and didn't have an economics policy when he created his leadership - so he copied an economics policy from a German (Ludendorff) that included forced labor (slavery). You see when nobody is rewarded for their work - nobody wants to work - therefore there must be forced labor to compensate for the products that are produced - this is hardly a system for the poor but for the privileged like Mr. Lenin.
The primary features of War Communism were:
1. Uncontrolled inflationary printing press finance, ultimately leading to hyperinflation and nationwide reversion to barter
2. Near universal nationalization of manufacturing; widespread nationalization of retailing
3. Stringent price controls upon and forced requisitioning of agricultural products; state monopoly on grain purchases
4. Forced labor for civilians as well as the military
(The US is completing stage 1 of war communism in the United States (Quantitative Easing / flat benchmark rates for big banks) and heading towards stage 2 which is a most certain path. and notice the headlines always talk about some war while the US finances it's very own enemies many times.)
The new youth thinks everything is fine and dandy; even helping carry us down the spiral - literally pushing it, because they know no other way than to create debt and devalue the nation in tandem - all the while chastising wise people who put up warning flags. They say a rising tide lifts all boats - well this all works in reverse when it comes to debts - it's going to sink the USD and give totalitarian control to the government (which is obviously their plan).
USA has unfunded liabilities that are greater than all US assets - meanwhile the government and "economist" keep proclaiming "the debt is ok" "don't worry about buying foreign stuff it's ok" -- next thing you get is a dead nation or the new Soviet Union where everything is run by government and can't produce jack for the people.
The Roman Empire was once thought to be too big to fail but it died basically from the same disease we have now (devaluing it's currency, over-expansion, too big to fail mentality).
The picture above (soup lines) came after an era in the US known as the Roaring 20's. Back then the US thought it was too big to fail. People thought the US was too big to fail before the 2008 crisis and look where we are now. The US is living off of it's past greatness - meanwhile the quality of life statistics are sinking. It's still a great land don't get me wrong but it's path is of certain doom in my opinion.
you can see a dead financial system by looking at this chart.
http://www.mypivots.com/trading/fedrates
It's already went down the crossroads and even with lower rates to "spur labor" the labor sinks. The government acts like it is fixing everything - all they are fixing is a certain path to food lines and more poor people. Sure they are for the poor - they like us so much they keep creating more poor people.
The most terrifying economic chart of 2011
Meanwhile China holds the key to the artificial propping of our system that will pop when they stop giving the US government more play money through the bond market - which then let's the US Federal Reserve manipulate the money system eg prop the Stock Market and make it look like "all is good" because of the "booming" stock market. When the big pop occurs it will be back to the barter system or Soviet Style government. It will be an ugly site - mark my words. If you thought 2008 crisis was bad - you've not seen anything.the youth is all drugged up - none of them want to do legitimate work. This country is at the end of the road -- or should i say a long road of decline should there be a chance to turn around. I'm not seeing it though and I've argued with the best of them. They keep citing false logic that doesn't add up or things that can not be historically validated. Math doesn't change but they for some reason think that 2+2 can equal what ever they want and still be the correct result.
*things really went downhill after the US deregulated the banks (I think it was 1999) the Glass Steagal Act was removed. But needless to say the US has always been bankrupt from the WW wars it never paid for. This was evident when Nixon removed the gold standard which was a technical default -- a 'force majeure'. While there was new eras of prosperity the true financial situation has been a straight spiral down if you consider long term buying power. Government just keeps getting more corrupt as do the corporate institutions.
Gold in Nixon era was 35 an ounce now trades at over 1k per ounce. 1000/35 is 28 times the value.
There's people that want to chop off my head for what I say, but that's too bad I will not stand back and say nothing like a coward as our current leaders do. They call me names, ad hominem attacks (character assassination), or what ever; I will still voice my opinion regardless.
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Neal Vanderstelt
Self-Proclaimed Economist Please Recommend Below:
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