Though I do think America is doing very well compared to other countries. But yes we do spend a lot of money on military. But don't blame anything fully on America itself blame it on the government or the banks. America is probably one of the best places to live but trust me we aren't perfect at all. We are still young.
america needs to stop trying to be the worlds policeman. Our own people need help at home, these bankers are ripping us off. America was forced off the gold standard? The bankers pushed for this, and the wars too.
The American dollar isn't worth a pinch of coon shit. The Fed sends out trillions of so called "Digital" money like it was hotcakes and nobody even knew about it. It is all one giant scam that is rapidly becoming unraveled. When China finally says enough is enough, the dollar will become worthless. Read up on the Weimar Republic folks. The contents of a homeless person's shopping cart will have more value then your fiat currency which is backed up by NOTHING.
Wow, this almost exactly matches Peter Schiff's predictions 2 years ago. Not that he's right about everything, but his economic predictions have been uncanny.
The entire global monetary system is a contrived system that has no basis in reality. It's a game. An insane game were the rules are fixed and controlled by those at the top to keep them in power. It's time to wake up. It's all an illusion. Wake up.
I just took a look into the US Budget. The five biggest expenditure sectors, amounting roughly 75.5 % are:
- Social security 19,63%
- Military spending 18,74 %
- Unemployment 16,13%
- Medicare 12,79%
- Medicaid 8,19 %
State assistance is then roughly: 56.74%.
If this is true, then I don't get the argument of Prof. Hudson. Expenditures are in the sector of social assistance, that is, China, Brazil, etc., are rather financing US poor citizens? Please comment.
You leave a lot of things out. For example, discretionary spending, of which 58% is on defense purposes. That military spending also only takes into account the official defense budget, of which its about $638 billion. It doesn't take into account things such as the wars, or the earmarked expenditures on, for example, private military contractors and things of the sort.
Whether you take the military and non-military spending and seeing which is more is missing the point (cont).
Much of the 2000's era deficits came partly from the Bush era tax cuts, but also mainly in military hikes (particularly the wars, which isn't included in your tables) of which they had to borrow from many countries, but particularly China. Some of this money might fund some social programs or infrastructure, but the bulk of what got the Americans into deficit in the first place was (at least in my opinion and what the checkbooks show) military purposes.
No wonder the business news propoganda machine was advising people to buy T bills and the banks were "thinking" about it but opted out. This does make sense as the united states miltary size is a big problem to emerging economies (GDP/capita) once the united states elite start to realize their wishful thinking is not going to maintain their supremacy they will want to go attack some country like an investment.
@TAMARLANE Well u.s is a slave to the chinese now anyways. The rest of the world is educated. Thats why people in the east, even europe have higher education standard than North America.
@Mdoto Higher then North America huh? Why don't you look at the latest UN report? You will see that Canada was among the highest scorers in the stadard education testing.
Furthermore, the idea that China owns the US is ridiculous. Yes they have a lot of US dollars in reserve but they cannot realistically over extend that leverage.
@Mdoto Lol, China will do dick all. They can't even do anything when the US goes right into their back yard and does military drills with South Korea. Keep living in your fantasy world though where China is a superpower.
Consider the alternatives before you condemn the USA for attempting to spread freedom and democracy in the world. Freedom and democracy as in Germany post WWII, Japan post WWII, SKorea post the Korean war.
I agree that we need to cut back on military bases around the world and let other countries pay for their own military. The next time a Hitler, Hirohito, or Stalin arises, let those countries fight their own wars or be occupied. We can no longer afford to be the worlds policeman or humanitarian. Let them succeed or fail on their own. Time to quit picking winners and losers at the American taxpayers expense and our soldiers blood.
@CosmosPrivateer Confessons of an Economic Hit man was inspired by a Sesame Street program where the Cookie monster took some cookies that had just been baked and were cooling in the kitchen. Caught red handed he said an alien space ship landed in the yard and some little green men came in through the kitchen window and stole the cookies. The title of this segment of Sesame Street was "It could have happened that way".
@CosmosPrivateer they why are they WANTING a global economy. It's always, 'we need a global economy", "we want a global economy". To have a true global economy, we would have a global money system.
and that's another want they have in mind. but to do that they have to have a one wold government. And the only way to do that is as Stalin did. Kill off 100's of million that refuse a one world government.
@kmarinas86 I like double barrel salami sticks too;you can get those cheap on ebay..Those and the single serving cheeses.But,the vienna sausages are great with some fried eggs,so get some chickens too.I like those with tomato gravy and rice so yeh,and rice keeps for a while.
Poor monkeys.. first they give them imaginary toilet papers for their bananas.. then they make fart bombs for more bananas.. someday the monkeys will get piss-off and fat elephants will really be going bananas without the real bananas.. lols:)
“If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.” –Thomas Jefferson
Holy crap, this is serious. If the US dollar is loosing influence fast, I wonder if the US will actually retaliate in some way? People that have been accustomed to power for so long won't easily give it up. Either way, the BRIC countries are bringing power balance in the world, and that's a good thing. Oh, well US, If you can't beat 'em, join 'em. It's time the US cooperated with everyone instead of trying to dominate them.
Great interview! Contrary to what many Austrian, or Neo-Liberal economists think if everything were left up to the market everything would collapse at an instant. With that being said the state is far from innocent it is an instrument of coercion since it's inception a few thousand years back. We need to get away from modernism. As Albert Camus said every modern revolution has ended up in the strengthening of the state.
...'The whole world economy is fragmenting'... Certainly a few worthwhile points presented here, however, no focus on 'real' solutions. When an Equal Money System and World Equality is Implemented - this will stop. Join us in standing in support of the only Solution. Equal Money. org
Walt Disney's logo is"Capturing your imagination" America was founded on MASONIC FREEMASONRY or Kabbala.Freemasonry is the founding of "America" Freemasons sought "A"merca or the western star
This means the Western Star Venus. Venus is the Red White & Blue star. The statute of LIBERTY is Their LIGHT BEARER COLUMBIA Shes their Goddess.Your Capital Building's are TEMPLES with each having a CORNER STONE from the FREEMASONS. They ORDAIN their CRAFT with WINE CORN & OIL. Vigilantcitizen or freemantv
@k0rea12 ""yes USA does, if it doesnt then we can fuck ur country up which everyone wants to do""
Ha ha, yea, dream on you dumb American. You wouldn't stand a chance. Our bombers fly higher, are more accurate, our fighter jets and tanks out manouvere your junk no problem. OUr nukes are faster and more accurate than yours, and we have the technology to take yours out before they get halfway here. In addition, our SAS runs rings around your stupid Navy Seals. Now get back to school boy.
One thing I would like to see is less people proposing government regulation to save us from large corporations. Hudson is pretty accurate when he portrays the government's mixed economy as being mostly supportive of corporate interests. I think that when you leave just one group in charge of regulation, their being bought is an inevitability.
I'm surprised by the comments on the Real News videos. For such an intelligent insight into various issues by the program, there appears to be an equal amount of ignorance and disinformation regurgitated (from shitty politicians) by a lot of listeners.
It's almost like being in a Poly Sci 101 class with 8th graders.
We do not need to borrow money to pay for government. I wish The Real News would interview some economists about serious monetary reform instead of fiscal reform and more financial regulations. Interview Stephen Zarlenga of the American Monetary Institute or L. Randall Wray of the Center for Full Employment and Price Stability or John Kucinich about HR6550 The National Emergency Economic Defense Act of 2010.
Well, maybe we watched two different videos, because there was a lot of discussion about "deficit spending" to pay for military operations and foreign nations buying U.S. securities that helped pay for military operations.
Visit 04:35, "... all the paper currencies are government debt currencies ...", it almost sounds like an aknowledgment that debt-based money is a problem from the standpoint of some lending nations.
@zthustra To "pay for government" as you said should mean to pay for the governance of the people. As I see it that means taxes. Equating "deficit spending" and "borrowing money" is factually dishonest.
Stephen & John also both share this simplistic view, and their self-assured ignorance should leave one to question those ideas.
A recent 30 year study has shown the more confident an expert is in one's predictions, the less accurate they are.
So are you suggesting that U.S. Treasury securities are NOT debt instruments and that taxpayers are NOT paying extra taxes to cover the cost interest on debt incurred by the government? Here are the mechanics of government spending:
1. The government spends the money; it writes the check,
2. The government borrows the money to cover the check,
3. The taxpayers pay off the loans made by the government.
Taxes do NOT pay for government; taxes make payments on debt!
@zthustra To suggest that taxes ALWAYS make payments on debt is dishonest. As I said before your views are simplistic and are not factually honest.
You must also make distinctions between what taxes you are referring too, property taxes, income tax, and taxes on goods+services all go to different gov. IE: In Canada property taxes go directly to the municipality, which has no debt. They rely on taxes to remove snow, collect garbage, etc.
I'm not sure how provincial and municiple governments fund their business in Canada, but here in Michigan, the government approves spending and then they float bonds and then they collect taxes to pay off the bonds. This is not only true today but it has been true for at least the 150 years that I have researched.
Are you familiar with The Grace Commission? Do a wiki search!
@zthustra I don't know about you but all budget information is public. It's easy to look up taxes collected vs services required for any given city/municipality/state(prov).
I don't deny that taxes do pay for debt, but not all. Not to mention if it was, what's your point?
It doesn't make gov. a bad thing, it makes the private institutions who have profit motivations are actively taking advantage of the holes in our democratic system. The solutions lie in fixing the holes, not eliminating gov.
I don't think you understand my motivation at all. There is a small percentage of the population that benefits emensly from government indebtedness, especially when government never pays its debt off, but just keeps rolling it over. This portion of government expense, the interest on the debt, is a transfer of wealth from taxpayers to lenders. There is no need for government to "borrow" this money, it does so under much false pretense.
You wrote, "The solutions lie in fixing the holes, not eliminating gov."
That is what I mean't when I said, in my first comment, "serious monetary reform instead of fiscal reform". The big "hole" is the practice of "borrowing" at interest what need not be borrowed at all.
"Next to the Government of Canada, provincial and municipal governments and their agencies make up the second largest sector in the Canadian bond market. Provincial governments actively issue bonds to fund deficits which provide for public works and social welfare expenditures."
@zthustra Yes this is true. EI: To pay for large infrastructure projects like digging large tunnels for the implementation of rail systems.
But these projects are done with bonds because the benefits of these projects benefits generations of people, not just the people actively paying taxes at any given moment. Yearly taxes that are collected mostly go to pay for the short term. IE: Salaries of gov workers, Garbage collection.
It appears that Toronto gets about $2.9 billion of its $10.4 billion budget from "other governments"; presumably, most of it from the federal government. Toronto has about $24 billion in debt; that is 4 to 5 times as much debt as it collects annually from its citizens in taxes and user charges.
Toronto's budget appears to be comparable to other cities in Ontario.
Yes, the American middle class will fund the violent military because the violent IRS, carry guns, will be at their door knocking for every copper penny. The IRS will point the gun in the citizen's face saying they need to do this to protect freedom.
The U.S. Dollar has indeed , been a War Based means of 'Trade' if you will and it has reached it`s end. The Federal Reserve, which is a privately owned Banking Cartel is now peddling fast and furious, to keep it`s dying 'System' going. They have over reached, and the world moves fast away from this untenable and destructive means of Finance based on Usury and War. I say let it go down. it will be a very painful process, but we can survive it and come out better in doing so.
All is just a reflection of itself. The world is in a lot of shit right now and it appears the only way to stop it and begin a new system is going to be by difficult means. So be it. Let's get this going. Great share, Ross, you sexy bastard!
Imperialists are all the same: they keep holding on to what they've stolen until the whole thing blows up in their face. There's always a brick wall with empire and the empire always runs right into it.
Everyone knows this so-called financial crisis is a scam for the greatest organised theft by one military industrial complex against citizens of a state in history.
Sick of cops and the corporate masters they are really serving to protect? Follow my website "SAY NO TO COPS" and together let's raise a collective middle finger to these fascist fuckers. The link is in my profile.
Excellent economic discussion but I feel the guest went over his head with the talk about the U.S. military (Army) not being capable of an invasion with more than 20 people. I'm pretty sure I understood his point, but I disagree with the language he chose. He was a much more credible guest when he stuck to economic issues. Overall, the interview was worth watching. Thanks.
@duezeri1968 - I didn't check his language closely but agreed with what I heard. Since the Gulf War, the US drops a few bombs and then declares victory. Yeah, right! The military, including the US, is no match for terrorists - or even insurgents. Vietnam taught us that. This is why Bush and cronies talked about "perpetual war". They can NEVER win. You can't use a military to police, either. Bush and co. made the wrong choice (on behalf of Americans) to use military and war rhetoric after 9/11.
Agreed they can print or rather create all they want. They actually print very little paper money most is number transfers just to balance their books.
@consdel2000 whoa, try to realize we're victims of our government like most people on the planet.....you should never blame the people.....just those in power....they are the corrupt ones.....you silly human man thing you
Michael says it all at 5:40 the government acting as a subsidizer.
We the people built America but we don't own it anymore the big corporations and banks do.
Another problem we have is that the future will not produce jobs technology will produce less jobs. See NASA and GM's new robot. The jobs will return to America but the robots will do the work.
If you end the Federal Reserve you end your dollars. The Fed ownes the dollars so if you have dollars and end the Fed your dollars will become worthless.
@CosmosPrivateer who cares.....it all needs to be revamped....let our money be worthless, than we can start over...an attempt to do things....better....perhaps
The Statist Progressives in BOTH parties will NOT stop spending until the US is a part of history just like the USSR.
The Progressives WANT global socialism but they don't realize that Socialism is REALLY of, by and FOR the pollitically connected money-changers, their multi-national (global) corporations and their crony-political class.
The Progressives & Anarchists are just "useful idiots".
@yakyakyak69 As mentioned the government bodies in foreign nations are insulated from the people of wealth. This is required for economic success, therefore the removal of soft corrupt of government and the societal manipulation by corporate entities is a requirement for growth. You assumption is that those with power also have money, but that is not the case in the prementioned foreign countries and can be made to no longer be the case here if people value authority by intelligence level.
"... government bodies in foreign nations are insulated from the people of wealth." - NO, it is the wealthy and politically connected that have the BEST chance of raising the huge funds required to run a successful campaign themselves or contribute to "buy support" from crony politicians who then "owe their supporters favors".
This the case 98% of the time...
This corruption & pandering is ONLY possible when politicians are allowed to "redistribute" OTHER people's money.
@CosmosPrivateer it isn't that easy...but, if you allow other currencies to compete with the dollar around the world and in the u.s., which is slowly starting to happen, then eventually the dollar (and other weak fiat currencies) will end simply because they will not be preferable in the market (which would presumably include sound currencies).
@yakyakyak69 yup our government sucks and is power hungry.....so few realize and have false pride b/c they're brainwashed.... pray for the american people to wake up......
Michael Hudson is an honest and respected economist. He commonly sides with the good of the people and has been working with Dennis Kucinich in recent years. He has been a US economic advisor in the past and has written many books. Of note, his May 2006 Harper's cover story, “The New Road to Serfdom: An illustrated guide to the coming real estate collapse,” accurately forecast and detailed the real estate bubble crash. (Maybe Paul J should list descriptions like this, B-E-L-O-W)
@armalabama go listen to some anarchist. this is for men, not ideologues. the economy has to understand TRADE, but those anarchists/libertarians that hate gov't can't discuss anything substantial except repeat talking points.
@LouieArrighi I understand only syndicalism.There is no such thing as capitalist economics in my world.I even run my own business as a communist business and I am doing so very well,all my employees are doing very well,thank you.
@armalabama wait so own a business and don't think there is such a thing as capitalist economics in your world? how did you get the money to start the business? and how do you operate without losing money if you do not know the costs of your resources, and then take them into account with the amount of potential revenue you can create?
and were you guys really trying to see who was more communist?
@LouieArrighi I got more man in the head of my dick than you have even seen in your life.As an ex combat engineer I can also make your car go boom or I could just decapitate you with my rambo knife.Either way,you won't censor me faggot.Go back to your little retard gov job punk;we live in the real world,we have our own insurance too bitch.Yeah,I can talk all I want and if I had to I could build a road too.faggot,just because you think you know something,doesn't make it real.
@armalabama thats a fantasy, unless you are prepared to live in a wild west situation, but that also would be a fantasy, unless you want to live in the Congo or something, were you planning to pave your own roads? were you planing to build your own cars? you can live off the land in the wilderness, but if you want to live in modern society then you need some form of government, do you think private corporations are going to build all the infrastructure? less government maybe but NO government?
@redrajani - Exactly. The current 'Capitalist System' is proving itself as no support for all life equally, so we stand up as all as one as equal and we discontinue our support, we stop. We support an Equal Money System. An Equal Money System will include health care, education, food, proper shelter,clean water, - one will work 4 years which will then allow all Equal and adequate abilities to be able to apply self expression as a real way to Support all life Equally.
@redrajani well they are SUPPOSED too, no one said that there is no corruption, nothing is perfect, but without some kind of functional central government Federal or State or Provincial things devolve into chaos, hyper libertarianism is a fantasy and unrealistic i mean if you WANT to devolve back into the Feudal system then ok i guess because thats what happens when there is no central authority, land owners start building there own little dream kingdoms and there is no rule of law
Agreed my pov wasn't very constructive, it's because I get pretty sick of having to redemonstrate things that are so obvious. Kind of the same way I get pissed when (fortunately never in my country) I have to debate about darwinism.
On the other hand, your answer has absolutely no logic or sense whatsoever.
To get a good idea of what I think of the matter phoboskitty in your answers has almost said it all.
@sinekonata I am sorry that you two believe that if there is no arbitrary centralized geographical authority in existence that everything will 'devolve into chaos.'
Freedom requires personal responsibility. I understand your apparent lack of faith in humanity, but 'unless you are a federal bureaucrat, we're on the same side.' I'm not sure what central authority is like in Belgium, but the u.s. national government is out of control. States are another issue entirely...
Fair enough, responsibility is a way to achieve order into "chaos" (no rule enforcement) but kind of weak and unreliable. And about your first sentence, things don't devolve into chaos, they would become chaos instantly: no rules means no one to stop the strong aside from the stronger.
I way prefer a government whose (ideological) purpose is to unite and serve majority (through true democracy) thus making people aware of a common interest instead of an individual one.
The only thing Jay is wrong on is assuming this is going to take years to develop. This crap is going to go down fast. America is doomed. It's gonna get fricking coyote ugly here really soon.
@guitardds yep in the tradition of the Ponzi scheme everything looks good enough that you can delude yourself about it until it hit that tipping point and everything crashes and burns
@guitardds "Jay is wrong on assuming..." this is where you present your argument.
Your unsubstantiated opinion means nothing to us, it's just wasted electrons.
Before I (and perhaps Paul) call the end to any global empires I am looking for trends like for example wealthy Chinese buying property in BC, acquiring dual citizenship for the kids and teaching them English (and not vice-versa) to reverse...
@guitardds ... i sure hope it gets ugly real soon.. i am tired of the bullshit america flag waving hubris while killing in the name of freedom and democracy. it makes me sick to my stomach.
@guitardds yeah but china is going to have problems its not gona b immediate &china cant afford to have america collapse. if the world truly wanted to ruin america fast they could go about trying to do that. but the fact is american british& japanese billionaires still run this world. china has over a billion ppl what happens if the climate shifts & their farmlands experience 10 years of bad farming? mass starvation and greed. americas gov needs to take back power from wall st & the corporations
Though I do think America is doing very well compared to other countries. But yes we do spend a lot of money on military. But don't blame anything fully on America itself blame it on the government or the banks. America is probably one of the best places to live but trust me we aren't perfect at all. We are still young.
cameronbh 8 months ago
america needs to stop trying to be the worlds policeman. Our own people need help at home, these bankers are ripping us off. America was forced off the gold standard? The bankers pushed for this, and the wars too.
wolftreetree 11 months ago
Taxation will now be shifted back to the top 1%?
blkcola 1 year ago
Well. America patrols the world with his army, and not just patroling. Maybe he diserves it.
MarvelExtra 1 year ago
really interesting & thought-provoking. that's why i love "TheRealNews"
DickOPlenty 1 year ago
The American dollar isn't worth a pinch of coon shit. The Fed sends out trillions of so called "Digital" money like it was hotcakes and nobody even knew about it. It is all one giant scam that is rapidly becoming unraveled. When China finally says enough is enough, the dollar will become worthless. Read up on the Weimar Republic folks. The contents of a homeless person's shopping cart will have more value then your fiat currency which is backed up by NOTHING.
Nickalispicalis 1 year ago
@Nickalispicalis "coon shit" whats a coon?
optionsupdate 1 year ago
@optionsupdate a coon is the only thing on earth that craps egg shaped chocolate
MrStupidJoo 7 months ago
Wow, this almost exactly matches Peter Schiff's predictions 2 years ago. Not that he's right about everything, but his economic predictions have been uncanny.
sirellyn 1 year ago
I thumbed this video up, but I wish the professor had not trailed off mumbling at certain key points.
deskset24 1 year ago
The entire global monetary system is a contrived system that has no basis in reality. It's a game. An insane game were the rules are fixed and controlled by those at the top to keep them in power. It's time to wake up. It's all an illusion. Wake up.
vrd180 1 year ago
go Bears!!!! @ 7:45
dankbot420 1 year ago
1:14 - the US doesnt have troops in Saudi Arabia anymore
wastedwasted3 1 year ago
I just took a look into the US Budget. The five biggest expenditure sectors, amounting roughly 75.5 % are:
- Social security 19,63%
- Military spending 18,74 %
- Unemployment 16,13%
- Medicare 12,79%
- Medicaid 8,19 %
State assistance is then roughly: 56.74%.
If this is true, then I don't get the argument of Prof. Hudson. Expenditures are in the sector of social assistance, that is, China, Brazil, etc., are rather financing US poor citizens? Please comment.
Alexopolux 1 year ago
@Alexopolux
You leave a lot of things out. For example, discretionary spending, of which 58% is on defense purposes. That military spending also only takes into account the official defense budget, of which its about $638 billion. It doesn't take into account things such as the wars, or the earmarked expenditures on, for example, private military contractors and things of the sort.
Whether you take the military and non-military spending and seeing which is more is missing the point (cont).
BloggerMusicMan 1 year ago
@Alexopolux
Much of the 2000's era deficits came partly from the Bush era tax cuts, but also mainly in military hikes (particularly the wars, which isn't included in your tables) of which they had to borrow from many countries, but particularly China. Some of this money might fund some social programs or infrastructure, but the bulk of what got the Americans into deficit in the first place was (at least in my opinion and what the checkbooks show) military purposes.
BloggerMusicMan 1 year ago
@BloggerMusicMan Who are you trying to convince? There is no one here stupid enough to believe a word of your ignorant propaganda/
TAMARLANE 1 year ago
@TAMARLANE
You want to see the facts for yourself?
ww w . voa . org/Get-Involved/Advocate/Issue-Alerts_1/Non-defense-Discretionary-Spending . aspx
ww w .nytimes . com/2008/02/04/washington/04military . html (Notice how they separate the official Pentagon budget and the war budget)
ww w . whitehouse . gov/omb/budget/Historicals/ (Table 3.2 shows national defense breakdown)
BloggerMusicMan 1 year ago
@BloggerMusicMan
Thanks man for your time.
Alexopolux 1 year ago
@Alexopolux Wrong.
You forgot to include a whole bunch of military related costs -- eg. Pentagon, Homeland Security etc. Military is over 60%
WorldSutra 1 year ago
Lmao at 5:19 - 5:20. There was my moment of zen.
SayYesToReason 1 year ago
No wonder the business news propoganda machine was advising people to buy T bills and the banks were "thinking" about it but opted out. This does make sense as the united states miltary size is a big problem to emerging economies (GDP/capita) once the united states elite start to realize their wishful thinking is not going to maintain their supremacy they will want to go attack some country like an investment.
yuri35435 1 year ago
America land of the Fear, home of the Slaves
Mdoto 1 year ago
@Mdoto Rest of the world. Home of the unfortunate
TAMARLANE 1 year ago
@TAMARLANE Well u.s is a slave to the chinese now anyways. The rest of the world is educated. Thats why people in the east, even europe have higher education standard than North America.
Mdoto 1 year ago
@Mdoto Higher then North America huh? Why don't you look at the latest UN report? You will see that Canada was among the highest scorers in the stadard education testing.
Furthermore, the idea that China owns the US is ridiculous. Yes they have a lot of US dollars in reserve but they cannot realistically over extend that leverage.
brokenbrainz1 1 year ago
@brokenbrainz1 My bad Canada is probably the smartest nation in the world! Well the smartest in North America. China will eat USA alive.
Mdoto 1 year ago
@Mdoto Lol, China will do dick all. They can't even do anything when the US goes right into their back yard and does military drills with South Korea. Keep living in your fantasy world though where China is a superpower.
brokenbrainz1 1 year ago
@brokenbrainz1 You mean the country with 50-60% Chinese people dominating the Universities and the locals cram into college?
SpiritsBB 1 year ago
@Mdoto Where do you get your information? It s all bogus. Your ignorance is exceeded only by your dishonesty.
TAMARLANE 1 year ago
LOL, this guy's representing every single country as though he knows what they're thinking. Too extreme an opinion for me.
SpiritsBB 1 year ago
Maybe we should charge other countries when we defend them ? or i guess we could let other countries just destroy them?
jdjozwia 1 year ago
Hmmm a communist news organization interviewing a homosexual author who are anti U.S. government ? Nope no surprise there !
hobo59 1 year ago
Consider the alternatives before you condemn the USA for attempting to spread freedom and democracy in the world. Freedom and democracy as in Germany post WWII, Japan post WWII, SKorea post the Korean war.
TAMARLANE 1 year ago
@TAMARLANE The freedom and Democracy you're talking about is an illusion.
foxrat123 1 year ago 10
@foxrat123 It's relative. But totalitarianism is worse.
TAMARLANE 1 year ago
Get hold of some silver...digital/paper currencies are toast.
campeona5 1 year ago
I agree that we need to cut back on military bases around the world and let other countries pay for their own military. The next time a Hitler, Hirohito, or Stalin arises, let those countries fight their own wars or be occupied. We can no longer afford to be the worlds policeman or humanitarian. Let them succeed or fail on their own. Time to quit picking winners and losers at the American taxpayers expense and our soldiers blood.
bertly71 1 year ago
@bertly71
We may have attempted to be the world police and we only appeared to be humanitarian. See Imperial Cruse or Confessions of an Economic Hit man.
CosmosPrivateer 1 year ago
@CosmosPrivateer Confessons of an Economic Hit man was inspired by a Sesame Street program where the Cookie monster took some cookies that had just been baked and were cooling in the kitchen. Caught red handed he said an alien space ship landed in the yard and some little green men came in through the kitchen window and stole the cookies. The title of this segment of Sesame Street was "It could have happened that way".
TAMARLANE 1 year ago
@CosmosPrivateer I will, thanks for the reference.
bertly71 1 year ago
Oh hell, Michael Hudson is a known hard line communist from way back. and id good friends with Obama when Obama lived in Chicago, Illinois.
Michael acts as an economic advisor to Communist China. And believes in a one world global economic system.
And is willing lie his ass off for Communism.
MrSTANDFORAMERICA 1 year ago
@MrSTANDFORAMERICA
We already have a global economy. America isn't alone on this planet there are other people that live here.
You need a better story line.
CosmosPrivateer 1 year ago
@CosmosPrivateer they why are they WANTING a global economy. It's always, 'we need a global economy", "we want a global economy". To have a true global economy, we would have a global money system.
and that's another want they have in mind. but to do that they have to have a one wold government. And the only way to do that is as Stalin did. Kill off 100's of million that refuse a one world government.
MrSTANDFORAMERICA 1 year ago
"WAR is PEACE" - 1984
"THEFT is FREEDOM" - 2010
kmarinas86 1 year ago
Thanks to TRN and Mr. Hudson. And please get him on as much as you want. :)
MustacheVerra 1 year ago
@407buddy buy vienna sausages
armalabama 1 year ago 2
@armalabama
Buy Vienna sausages that come in silver cans.
kmarinas86 1 year ago
@kmarinas86 I like double barrel salami sticks too;you can get those cheap on ebay..Those and the single serving cheeses.But,the vienna sausages are great with some fried eggs,so get some chickens too.I like those with tomato gravy and rice so yeh,and rice keeps for a while.
armalabama 1 year ago
Invest in commodities.
thudmother 1 year ago
Poor monkeys.. first they give them imaginary toilet papers for their bananas.. then they make fart bombs for more bananas.. someday the monkeys will get piss-off and fat elephants will really be going bananas without the real bananas.. lols:)
mohalishaf 1 year ago
“If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.” –Thomas Jefferson
yakyakyak69 1 year ago 2
Wake up amarica trouble is comming
fallbread 1 year ago
Holy crap, this is serious. If the US dollar is loosing influence fast, I wonder if the US will actually retaliate in some way? People that have been accustomed to power for so long won't easily give it up. Either way, the BRIC countries are bringing power balance in the world, and that's a good thing. Oh, well US, If you can't beat 'em, join 'em. It's time the US cooperated with everyone instead of trying to dominate them.
Lexman00 1 year ago
Great interview! Contrary to what many Austrian, or Neo-Liberal economists think if everything were left up to the market everything would collapse at an instant. With that being said the state is far from innocent it is an instrument of coercion since it's inception a few thousand years back. We need to get away from modernism. As Albert Camus said every modern revolution has ended up in the strengthening of the state.
Alberto2382 1 year ago
...'The whole world economy is fragmenting'... Certainly a few worthwhile points presented here, however, no focus on 'real' solutions. When an Equal Money System and World Equality is Implemented - this will stop. Join us in standing in support of the only Solution. Equal Money. org
clk211bu 1 year ago
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clk211bu 1 year ago
Walt Disney's logo is"Capturing your imagination" America was founded on MASONIC FREEMASONRY or Kabbala.Freemasonry is the founding of "America" Freemasons sought "A"merca or the western star
This means the Western Star Venus. Venus is the Red White & Blue star. The statute of LIBERTY is Their LIGHT BEARER COLUMBIA Shes their Goddess.Your Capital Building's are TEMPLES with each having a CORNER STONE from the FREEMASONS. They ORDAIN their CRAFT with WINE CORN & OIL. Vigilantcitizen or freemantv
WarDogLRS 1 year ago
America and large parts of the western world are going to end up with Authoritarian Capitalism (like that in China) if they aren't careful.
JaCorBoar 1 year ago
next up. world tired of paying americas dept
k0rea12 1 year ago
Bring our troops HOME!! Bring our money HOME! Rebuild our HOME with our troops and our money!
ziger123456 1 year ago
@ziger123456 no AMERICA DIE
k0rea12 1 year ago
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Bring our troops HOME!!
ziger123456 1 year ago
We don't need a big military.
WorldSutra 1 year ago 2
@WorldSutra yes USA does, if it doesnt then we can fuck ur country up which everyone wants to do
k0rea12 1 year ago
@k0rea12 ""yes USA does, if it doesnt then we can fuck ur country up which everyone wants to do""
Ha ha, yea, dream on you dumb American. You wouldn't stand a chance. Our bombers fly higher, are more accurate, our fighter jets and tanks out manouvere your junk no problem. OUr nukes are faster and more accurate than yours, and we have the technology to take yours out before they get halfway here. In addition, our SAS runs rings around your stupid Navy Seals. Now get back to school boy.
WorldSutra 1 year ago
@WorldSutra hahahahahahahahahahahahaha
TAMARLANE 1 year ago
One thing I would like to see is less people proposing government regulation to save us from large corporations. Hudson is pretty accurate when he portrays the government's mixed economy as being mostly supportive of corporate interests. I think that when you leave just one group in charge of regulation, their being bought is an inevitability.
EnochEmery251 1 year ago
I love how Jay calls him on his false statements. He is a great interviewer.
Benwoodruff 1 year ago
Lol @ "we want this country's banana's" really it's as silly as that. Now "we want this country's oil".
HKNajjar 1 year ago
I'm surprised by the comments on the Real News videos. For such an intelligent insight into various issues by the program, there appears to be an equal amount of ignorance and disinformation regurgitated (from shitty politicians) by a lot of listeners.
It's almost like being in a Poly Sci 101 class with 8th graders.
BenjaminFranklin2u 1 year ago
We do not need to borrow money to pay for government. I wish The Real News would interview some economists about serious monetary reform instead of fiscal reform and more financial regulations. Interview Stephen Zarlenga of the American Monetary Institute or L. Randall Wray of the Center for Full Employment and Price Stability or John Kucinich about HR6550 The National Emergency Economic Defense Act of 2010.
zthustra 1 year ago
@zthustra So I guess you didn't bother watching the video. Nobody made that claim.
BenjaminFranklin2u 1 year ago
@BenjaminFranklin2u
Well, maybe we watched two different videos, because there was a lot of discussion about "deficit spending" to pay for military operations and foreign nations buying U.S. securities that helped pay for military operations.
Visit 04:35, "... all the paper currencies are government debt currencies ...", it almost sounds like an aknowledgment that debt-based money is a problem from the standpoint of some lending nations.
zthustra 1 year ago
@zthustra To "pay for government" as you said should mean to pay for the governance of the people. As I see it that means taxes. Equating "deficit spending" and "borrowing money" is factually dishonest.
Stephen & John also both share this simplistic view, and their self-assured ignorance should leave one to question those ideas.
A recent 30 year study has shown the more confident an expert is in one's predictions, the less accurate they are.
BenjaminFranklin2u 1 year ago
@BenjaminFranklin2u
So are you suggesting that U.S. Treasury securities are NOT debt instruments and that taxpayers are NOT paying extra taxes to cover the cost interest on debt incurred by the government? Here are the mechanics of government spending:
1. The government spends the money; it writes the check,
2. The government borrows the money to cover the check,
3. The taxpayers pay off the loans made by the government.
Taxes do NOT pay for government; taxes make payments on debt!
zthustra 1 year ago
@zthustra To suggest that taxes ALWAYS make payments on debt is dishonest. As I said before your views are simplistic and are not factually honest.
You must also make distinctions between what taxes you are referring too, property taxes, income tax, and taxes on goods+services all go to different gov. IE: In Canada property taxes go directly to the municipality, which has no debt. They rely on taxes to remove snow, collect garbage, etc.
Income taxes go to the federal gov, etc.
BenjaminFranklin2u 1 year ago
@BenjaminFranklin2u
I'm not sure how provincial and municiple governments fund their business in Canada, but here in Michigan, the government approves spending and then they float bonds and then they collect taxes to pay off the bonds. This is not only true today but it has been true for at least the 150 years that I have researched.
Are you familiar with The Grace Commission? Do a wiki search!
zthustra 1 year ago
@zthustra I don't know about you but all budget information is public. It's easy to look up taxes collected vs services required for any given city/municipality/state(prov).
I don't deny that taxes do pay for debt, but not all. Not to mention if it was, what's your point?
It doesn't make gov. a bad thing, it makes the private institutions who have profit motivations are actively taking advantage of the holes in our democratic system. The solutions lie in fixing the holes, not eliminating gov.
BenjaminFranklin2u 1 year ago
@BenjaminFranklin2u
I don't think you understand my motivation at all. There is a small percentage of the population that benefits emensly from government indebtedness, especially when government never pays its debt off, but just keeps rolling it over. This portion of government expense, the interest on the debt, is a transfer of wealth from taxpayers to lenders. There is no need for government to "borrow" this money, it does so under much false pretense.
zthustra 1 year ago
@BenjaminFranklin2u
You wrote, "The solutions lie in fixing the holes, not eliminating gov."
That is what I mean't when I said, in my first comment, "serious monetary reform instead of fiscal reform". The big "hole" is the practice of "borrowing" at interest what need not be borrowed at all.
zthustra 1 year ago
@BenjaminFranklin2u
Oddly, I just read this at CIBC Investor's Edge:
"Next to the Government of Canada, provincial and municipal governments and their agencies make up the second largest sector in the Canadian bond market. Provincial governments actively issue bonds to fund deficits which provide for public works and social welfare expenditures."
zthustra 1 year ago
@zthustra Yes this is true. EI: To pay for large infrastructure projects like digging large tunnels for the implementation of rail systems.
But these projects are done with bonds because the benefits of these projects benefits generations of people, not just the people actively paying taxes at any given moment. Yearly taxes that are collected mostly go to pay for the short term. IE: Salaries of gov workers, Garbage collection.
Your claim still has little merit.
BenjaminFranklin2u 1 year ago
@BenjaminFranklin2u
Hmmm, from 09 City of Toronto Financial Report.
It appears that Toronto gets about $2.9 billion of its $10.4 billion budget from "other governments"; presumably, most of it from the federal government. Toronto has about $24 billion in debt; that is 4 to 5 times as much debt as it collects annually from its citizens in taxes and user charges.
Toronto's budget appears to be comparable to other cities in Ontario.
zthustra 1 year ago
Yes, the American middle class will fund the violent military because the violent IRS, carry guns, will be at their door knocking for every copper penny. The IRS will point the gun in the citizen's face saying they need to do this to protect freedom.
iknownothingnow 1 year ago
This has been flagged as spam show
man i want some free money lol!!! ^_^
kadeem121 1 year ago
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kadeem121 1 year ago
people dont understand if america fails so does the world
anilraj420 1 year ago
@anilraj420 Stupidity. You're doing it right.
BenjaminFranklin2u 1 year ago
america needs to nuke russia an china
anilraj420 1 year ago
@anilraj420 ....Please meet a psychiatrist soon @ US or come to India... You need immediate treatment..
varlug 1 year ago
@varlug i prefer a world ruled by usa with freedoms then a world ruled by china or russia dictators do yall want to live like north korea
anilraj420 1 year ago
@anilraj420 America IS the new North Korea. Your 'freedoms' are an illusion.
BenjaminFranklin2u 1 year ago
@anilraj420 I wouldn't rely on any freedoms when you live under a powerful state.
EnochEmery251 1 year ago
Start hoarding copper & brass
nobodymuch 1 year ago
The U.S. Dollar has indeed , been a War Based means of 'Trade' if you will and it has reached it`s end. The Federal Reserve, which is a privately owned Banking Cartel is now peddling fast and furious, to keep it`s dying 'System' going. They have over reached, and the world moves fast away from this untenable and destructive means of Finance based on Usury and War. I say let it go down. it will be a very painful process, but we can survive it and come out better in doing so.
bigcree 1 year ago
I love Jay, his interviews are so good because he's so well studied!
DemiRonin 1 year ago
i learned more in that ten minutes than i have in 3 college econ classes.
stjimmy933499399493 1 year ago
All is just a reflection of itself. The world is in a lot of shit right now and it appears the only way to stop it and begin a new system is going to be by difficult means. So be it. Let's get this going. Great share, Ross, you sexy bastard!
mikwid 1 year ago
Two very smart men.
yuri35435 1 year ago
holy shit its about to happen
marpoq 1 year ago
Best post EVER!
slhines7 1 year ago
Imperialists are all the same: they keep holding on to what they've stolen until the whole thing blows up in their face. There's always a brick wall with empire and the empire always runs right into it.
blackiron60 1 year ago 2
Everyone knows this so-called financial crisis is a scam for the greatest organised theft by one military industrial complex against citizens of a state in history.
seseljsrs 1 year ago
This has been flagged as spam show
Sick of cops and the corporate masters they are really serving to protect? Follow my website "SAY NO TO COPS" and together let's raise a collective middle finger to these fascist fuckers. The link is in my profile.
poetswolf1985 1 year ago
Put this news item or video on all the U.S. tv ...cbs, nbc, abc, mnsbc, etc.
davidperi 1 year ago
When you THINK about it maybe that’s why the sword was such a great weapon in the past.
Its reusable, bullets are not.
CosmosPrivateer 1 year ago 2
Excellent economic discussion but I feel the guest went over his head with the talk about the U.S. military (Army) not being capable of an invasion with more than 20 people. I'm pretty sure I understood his point, but I disagree with the language he chose. He was a much more credible guest when he stuck to economic issues. Overall, the interview was worth watching. Thanks.
duezeri1968 1 year ago
@duezeri1968 - I didn't check his language closely but agreed with what I heard. Since the Gulf War, the US drops a few bombs and then declares victory. Yeah, right! The military, including the US, is no match for terrorists - or even insurgents. Vietnam taught us that. This is why Bush and cronies talked about "perpetual war". They can NEVER win. You can't use a military to police, either. Bush and co. made the wrong choice (on behalf of Americans) to use military and war rhetoric after 9/11.
MiranUT 1 year ago
Great idea! Stop funding US wars!!
roseagain2 1 year ago 37
@roseagain2 the only way to do that is found on my page..click the link to the group and you are there....
armalabama 1 year ago
the gov. can print it ..
SpikenAL 1 year ago
@SpikenAL
Agreed they can print or rather create all they want. They actually print very little paper money most is number transfers just to balance their books.
Dream On is a great song.
Peace
CosmosPrivateer 1 year ago
Their coming after your retirement dollars it's the only place Americans have dollars they can use now.
CosmosPrivateer 1 year ago
@consdel2000 whoa, try to realize we're victims of our government like most people on the planet.....you should never blame the people.....just those in power....they are the corrupt ones.....you silly human man thing you
DocSmiTherZ 1 year ago
Michael says it all at 5:40 the government acting as a subsidizer.
We the people built America but we don't own it anymore the big corporations and banks do.
Another problem we have is that the future will not produce jobs technology will produce less jobs. See NASA and GM's new robot. The jobs will return to America but the robots will do the work.
Our consumption economy is dead as it should be.
Peace
CosmosPrivateer 1 year ago
The details were a bit difficult for me to understand but I definately understood the gist of it.
juanmora19910209 1 year ago
Something think about.
If you end the Federal Reserve you end your dollars. The Fed ownes the dollars so if you have dollars and end the Fed your dollars will become worthless.
Just remember that.
CosmosPrivateer 1 year ago
@CosmosPrivateer who cares.....it all needs to be revamped....let our money be worthless, than we can start over...an attempt to do things....better....perhaps
DocSmiTherZ 1 year ago
@DocSmiTherZ
The Statist Progressives in BOTH parties will NOT stop spending until the US is a part of history just like the USSR.
The Progressives WANT global socialism but they don't realize that Socialism is REALLY of, by and FOR the pollitically connected money-changers, their multi-national (global) corporations and their crony-political class.
The Progressives & Anarchists are just "useful idiots".
yakyakyak69 1 year ago
@yakyakyak69 As mentioned the government bodies in foreign nations are insulated from the people of wealth. This is required for economic success, therefore the removal of soft corrupt of government and the societal manipulation by corporate entities is a requirement for growth. You assumption is that those with power also have money, but that is not the case in the prementioned foreign countries and can be made to no longer be the case here if people value authority by intelligence level.
yuri35435 1 year ago
@yuri35435
"... government bodies in foreign nations are insulated from the people of wealth." - NO, it is the wealthy and politically connected that have the BEST chance of raising the huge funds required to run a successful campaign themselves or contribute to "buy support" from crony politicians who then "owe their supporters favors".
This the case 98% of the time...
This corruption & pandering is ONLY possible when politicians are allowed to "redistribute" OTHER people's money.
yakyakyak69 1 year ago
@CosmosPrivateer ( Bank conspiracies )
SpikenAL 1 year ago
@SpikenAL
Do you have a point to make, then make it.
CosmosPrivateer 1 year ago
@CosmosPrivateer it isn't that easy...but, if you allow other currencies to compete with the dollar around the world and in the u.s., which is slowly starting to happen, then eventually the dollar (and other weak fiat currencies) will end simply because they will not be preferable in the market (which would presumably include sound currencies).
that would be ideal anyway...
:)
redrajani 1 year ago
According to the SIPRI Yearbook 2010, the United States spends 43% of the WORLD'S military budget.
The US Debt + Unfunded Liabilities EXCEEDS $200 TRILLION!
The estimated cost to kill EACH Taliban resistance fighter is $100 million, with a conservative estimate being $50 million.
The US Empire has 900+ US military bases OCCUPYING over 135 nations PRODUCING hatred & jihad RESISTANCE!
Trading Life, liberty & Treasure for gov’t tyranny and a flase sense of "security" is CRAZY!
yakyakyak69 1 year ago 11
@yakyakyak69 yup our government sucks and is power hungry.....so few realize and have false pride b/c they're brainwashed.... pray for the american people to wake up......
DocSmiTherZ 1 year ago 2
@DocSmiTherZ
National Socialism (NAZI) is a false pride in a false God... the State.
yakyakyak69 1 year ago
@yakyakyak69 you have to be kidding me, 50 mil dollars to kill one afghan fighter
thesparitan 1 year ago
Michael Hudson is an honest and respected economist. He commonly sides with the good of the people and has been working with Dennis Kucinich in recent years. He has been a US economic advisor in the past and has written many books. Of note, his May 2006 Harper's cover story, “The New Road to Serfdom: An illustrated guide to the coming real estate collapse,” accurately forecast and detailed the real estate bubble crash. (Maybe Paul J should list descriptions like this, B-E-L-O-W)
1010011010is29a 1 year ago
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LouieArrighi 1 year ago
I think it would be more appropriately called a half-bust.
armalabama 1 year ago
Paul takes dollars.I'm gonna send him some now.
armalabama 1 year ago
@wolfgang0070 it's called a bust and it looks like roosevelt to me...surely he isn't displaying a bust of himself..lmmfao..damn,he might be
armalabama 1 year ago
@armalabama lol
uwmbigb 1 year ago
That guy gave me a headache.I think he gave Paul a headache too.Sounded like a bureaucrat.
armalabama 1 year ago
@armalabama go listen to some anarchist. this is for men, not ideologues. the economy has to understand TRADE, but those anarchists/libertarians that hate gov't can't discuss anything substantial except repeat talking points.
LouieArrighi 1 year ago
@LouieArrighi I will stay right here.This communist just donated to real news.I will stay here,go fuck yourself.Suck my cock punk.How's that?
armalabama 1 year ago
@LouieArrighi I understand only syndicalism.There is no such thing as capitalist economics in my world.I even run my own business as a communist business and I am doing so very well,all my employees are doing very well,thank you.
armalabama 1 year ago
@armalabama wait so own a business and don't think there is such a thing as capitalist economics in your world? how did you get the money to start the business? and how do you operate without losing money if you do not know the costs of your resources, and then take them into account with the amount of potential revenue you can create?
and were you guys really trying to see who was more communist?
redrajani 1 year ago
@LouieArrighi I got more man in the head of my dick than you have even seen in your life.As an ex combat engineer I can also make your car go boom or I could just decapitate you with my rambo knife.Either way,you won't censor me faggot.Go back to your little retard gov job punk;we live in the real world,we have our own insurance too bitch.Yeah,I can talk all I want and if I had to I could build a road too.faggot,just because you think you know something,doesn't make it real.
armalabama 1 year ago
excellent discussion.
covenantervoice 1 year ago
I refuse to believe that you need a mixed economy to get rich.I don't think government is necessary at all.
armalabama 1 year ago
@armalabama I know!
Let's go back to the Gilded age!!!!
YAY!
tannersanta 1 year ago
@tannersanta :-)
armalabama 1 year ago
@armalabama thats a fantasy, unless you are prepared to live in a wild west situation, but that also would be a fantasy, unless you want to live in the Congo or something, were you planning to pave your own roads? were you planing to build your own cars? you can live off the land in the wilderness, but if you want to live in modern society then you need some form of government, do you think private corporations are going to build all the infrastructure? less government maybe but NO government?
phoboskitty 1 year ago
@phoboskitty Yes,we can pave our own roads and protect our own people and fight our own wars.Government isn't needed at all.
armalabama 1 year ago
@phoboskitty the fantasy is trusting the government to do these noble deeds...
redrajani 1 year ago 14
@redrajani - Exactly. The current 'Capitalist System' is proving itself as no support for all life equally, so we stand up as all as one as equal and we discontinue our support, we stop. We support an Equal Money System. An Equal Money System will include health care, education, food, proper shelter,clean water, - one will work 4 years which will then allow all Equal and adequate abilities to be able to apply self expression as a real way to Support all life Equally.
clk211bu 1 year ago
@redrajani well they are SUPPOSED too, no one said that there is no corruption, nothing is perfect, but without some kind of functional central government Federal or State or Provincial things devolve into chaos, hyper libertarianism is a fantasy and unrealistic i mean if you WANT to devolve back into the Feudal system then ok i guess because thats what happens when there is no central authority, land owners start building there own little dream kingdoms and there is no rule of law
phoboskitty 1 year ago
@redrajani who told you any of that? anti government talk is brainwashed talk...
sinekonata 1 year ago
@sinekonata who sounds brainwashed? the person questioning the status quo or the person supporting it?
redrajani 1 year ago
@redrajani
Agreed my pov wasn't very constructive, it's because I get pretty sick of having to redemonstrate things that are so obvious. Kind of the same way I get pissed when (fortunately never in my country) I have to debate about darwinism.
On the other hand, your answer has absolutely no logic or sense whatsoever.
To get a good idea of what I think of the matter phoboskitty in your answers has almost said it all.
sinekonata 1 year ago
@sinekonata I am sorry that you two believe that if there is no arbitrary centralized geographical authority in existence that everything will 'devolve into chaos.'
Freedom requires personal responsibility. I understand your apparent lack of faith in humanity, but 'unless you are a federal bureaucrat, we're on the same side.' I'm not sure what central authority is like in Belgium, but the u.s. national government is out of control. States are another issue entirely...
redrajani 1 year ago
@redrajani
Fair enough, responsibility is a way to achieve order into "chaos" (no rule enforcement) but kind of weak and unreliable. And about your first sentence, things don't devolve into chaos, they would become chaos instantly: no rules means no one to stop the strong aside from the stronger.
I way prefer a government whose (ideological) purpose is to unite and serve majority (through true democracy) thus making people aware of a common interest instead of an individual one.
sinekonata 1 year ago
The only thing Jay is wrong on is assuming this is going to take years to develop. This crap is going to go down fast. America is doomed. It's gonna get fricking coyote ugly here really soon.
guitardds 1 year ago 27
@guitardds yep in the tradition of the Ponzi scheme everything looks good enough that you can delude yourself about it until it hit that tipping point and everything crashes and burns
billybobhobnob101 1 year ago
@guitardds he seems to forget that Busts happen can literally overnight...
phoboskitty 1 year ago
@guitardds Only if idiots don't know how to put the SAFETY on their frickin guns.
furseiseki 1 year ago
@guitardds you are so right people think that america cant go down, it is so freightening the way people are buring their head in sand
obarelida 1 year ago 2
@guitardds "Jay is wrong on assuming..." this is where you present your argument.
Your unsubstantiated opinion means nothing to us, it's just wasted electrons.
Before I (and perhaps Paul) call the end to any global empires I am looking for trends like for example wealthy Chinese buying property in BC, acquiring dual citizenship for the kids and teaching them English (and not vice-versa) to reverse...
pathocrat 1 year ago
@guitardds ... i sure hope it gets ugly real soon.. i am tired of the bullshit america flag waving hubris while killing in the name of freedom and democracy. it makes me sick to my stomach.
navtel 1 year ago
@guitardds yeah but china is going to have problems its not gona b immediate &china cant afford to have america collapse. if the world truly wanted to ruin america fast they could go about trying to do that. but the fact is american british& japanese billionaires still run this world. china has over a billion ppl what happens if the climate shifts & their farmlands experience 10 years of bad farming? mass starvation and greed. americas gov needs to take back power from wall st & the corporations
pat442389 1 year ago
@wolfgang0070 F.D.R.
fc196582 1 year ago
@wolfgang0070 It's a bust of FDR
MrMoodang 1 year ago
@wolfgang0070 FDR
mike6459 1 year ago
Dudes i´m also pissed off for paying for US´electoral spectacles....
0PsycoDad0 1 year ago