Debt Rattle February 19 2019

 

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    Alfred Eisenstaedt The kiss (V-J Day in Times Square) 1945   • 16 States Sue Over Trump’s National Emergency Declaration (NPR) • US Deputy Attorn
    [See the full post at: Debt Rattle February 19 2019]

    #45478
    V. Arnold
    Participant

    Alfred Eisenstaedt The kiss (V-J Day in Times Square) 1945

    The sailor in that picture died today at the age of 95.
    Unfortunately his name escapes me…

    #45480
    Dr. D
    Participant

    “We will possibly get a bad ruling, and then we’ll get another bad ruling, and then we’ll end up in the Supreme Court,”

    Sadly, he’s not kidding. The 9th circuit is always overturned in the Supreme Court, a small clue something might be amiss there. Still, my hope is they throw out his ruling, and with it the other 31 existing “National Emergencies” going back to Clinton that no one remembers and no one can name. If you remember Rome, they set up a “Dictator”, just for one year, and just to solve one specific problem, and the Senate just faded into obscurity, happy to cede all power to Caesar to dodge a little responsibility and blame.

    “Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither…” – Billionaire media mogul B. Franklin …And neither do the nations who approve of such a purchase.

    Cars are a perfect example of debt-capitalism. Debt creates a fake boom that causes irrational production of something people may need, but not THAT much of, pulling demand from the future. Then as the capital is wildly over-invested, over-produced, there is an entirely predictable crash as the bubble pops, as all demand present and future is already filled, and there is carefully engineered massive overcapacity. When that inevitably happens as designed, the assets and capital stock go inevitably into receivership, by whom? That’s right: the original creditors who intentionally over-extended credit into sectors everybody knew would collapse. And get rich thereby, using that wealth to buy the power of government to protect their racket and repeat it again in some other sector, like Green Energy. Over and over, for 400 years. No one notices. No one catches on. And not only do we have Disaster Capitalism destroying the debtors, the hard-created and expensive capital stock, the economies, the nations, the governments, but also the ecologies, as they MUST massively overproduce products nobody wants or needs, simply to destroy those goods in the bust, just like an act of war.

    In a world without Debt-capitalism — or rather one that’s not nationally protected against all failure and fraud (you can’t outlaw human promises to each other) – we would only build what people could buy out of CASH, out of today’s savings and earnings, and the economy would be more stable, more regular, and more efficient. –Or as much as it can be with humans being involved. Forests are not clear-cut, mountains are not turned into cars which can’t get off the Tesla assembly line and are immediately crushed or burst into flames, oil is not subsidized to make plastic straws that are used for 10 minutes because all of that would be too expensive. It’s ONLY free money from a protected, subsidized national bank that allows such foolishness.

    Palm oil is a living example of this over-debt, over-production, over-consumption that has—and never could—never happen without the ECB, BoJ, and Fed all providing the fuel.

    “Most European companies have no target for reducing their greenhouse gas emissions even though 80% see climate change as a business risk,”

    …And their answer is to pay CEOs MOAR! That’s because no change they make would turn the dial as long as China and India are around. Not even EVERY head of EVERY company in France or Germany would turn the dial enough to matter. –That’s their numbers and their ecological premise, not mine. Yet they certainly COULD turn the dial on unemploying everyone and deindustrializing Europe, leaving it wide open for conquest. There’s more than one parameter in every system. Your choice.

    #45482
    MoFlora
    Participant

    In a world without Debt-capitalism — or rather one that’s not nationally protected against all failure and fraud (you can’t outlaw human promises to each other) – we would only build what people could buy out of CASH, out of today’s savings and earnings, and the economy would be more stable, more regular, and more efficient. –Or as much as it can be with humans being involved. Forests are not clear-cut, mountains are not turned into cars which can’t get off the Tesla assembly line and are immediately crushed or burst into flames, oil is not subsidized to make plastic straws that are used for 10 minutes because all of that would be too expensive. It’s ONLY free money from a protected, subsidized national bank that allows such foolishness.

    Well said, Dr D. Thanks for that.

    #45483
    anticlimactic
    Participant

    ‘ANTI-SEMITISM ‘in the UK LABOUR PARTY

    Recently some Jews have redefined anti-semitism to mean ”critical of Israel’. It is also applied to those who are sympathetic to the Palestinians. This has lead to the UK Labour party expelling several Jews for being ‘anti-semitic’, when in fact they were just critical of Israel.

    Most or all of the breakaway group were ‘Friends of Israel’. The question is whether they are being controlled by Israel in an attempt to bring down Jeremy Corbyn. If so then this is serious and needs investigation of whether elements of the UK parliament are under the control of an outside government.

    There is a ridiculous witch-hunt for the tiniest possibility of Russian influence, but which ignores the far more blatant influence o the US and seemingly Israel. It is thought that Corbyn could disrupt this influence and so every effort will be made to ensure he never comes to power.

    #45484
    sumac.carol
    Participant

    McFlora-thank you for your thoughtful reply to my comment a couple of days ago.

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