Seems the problem is quite clear.. CA, FL, NV, MI, NY - states with very high illegal immigrant populations also have the highest national unemployment averages.. hmmm. Backing the Democratic Party just to get a check in the short term will be to the demise of the unemployed.. With the Dream Act.. 2+ Million will enter the job market and take any/all jobs at a less than half of your asking/previous salary and be HAPPY to take it from you.. & this is NOT short-term-PERMANENT job displacement!
The way to stop Unemployment and have everybody working, is to continue the historical trend; is to distribute the available work between all persons that want to work.
This we can do if each person works fewer hours per week and your taxes will fall due to the government savings= less benefits being paid out
Unemployment is an unbalance between the supply and the demand of working hours. We all know that the efficiency of all types of machines is increasing yearly. We need fewer people to produce the same goods. Work time has been reduced in the past 200 years from about 12 hours a day to less then 8 hours per day and the working week from 7 days to 5.
the right wingers control most of the business in the USA and they want things to be as bad as possible while Obama is President.They want as many poor people as possible to drive down wages for everyone.
@themeaningoflife38 - Seems the problem is quite clear.. CA, FL, NV, MI, NY - states w/very high illegal immigrant populations also have the highest national unemployment averages.hmm. Backing the Democratic Party just to get a check in the short term will be to the demise of the unemployed.. W/Dream Act.. 2+ Million will enter the job market & take any/all jobs at a less than half of your asking/previous salary & be HAPPY to take it from you.. & this is NOT short-term-PERMANENT displacement!
another distraction on the economic front is news that the yuan is being revalued. It gained 0.42% against the dollar last week... by conservative estimates it has 19.58% more to go. But the administration, and the corporate media, will trumpet this "success" just as Bush did in 2005, and in the end nothing will be done to stop the bleeding
Thanks so much Paul for outstanding journalism of yours. I highly value your interviews and your channel will be featured on mine tomorrow. Just listened to the weekly address of Pres Obama referencing who is blocking who? Am wondering, why, same here in Germany, all those who really have to say something, contribute substantially, are not listened to? The academic world seems to have disappeared gathering at conferences with no lobby, at the same time lobbyism is spreading??!!
Actually, greatbroad is right. Before petroleum was discovered and drilled out of the ground, hemp oil was the leading fuel oil in the USA used to heat and cook with. It could be again. It's why it was such a big cash crop a century or two ago.
The U.S. is a Plutocracy. The political (non) representatives have better benefits, retirement and pay even with a revolving door. Unfortunately, the plutocrats' control of the media and national education has left many Americans brain dead. They have no idea where money comes from or who controls it. Even though money (and debt) control their life
The serfs can wish and hope that a new person will listen to them. People need to realize how deep the rabbit hole is.
this is already a high debt to GDP ratio, America's pretty much about to crash because of it. Unemployment can recover once deficits funding military and banks don't rob all the working people to make rich people already richer. Printing money and stimulus will cause the currency to cease to exist, so that won't help people out either
Deficits are good? What kind of Keynesian load of crap is that? Wouldn't it be better for the economy if we never had a deficit? Anarcho-Capitalism can save us all...
socialize the costs, the risks, and privatize the profits. don't you just love capitalism? don't you just love america's state interventionist capitalism? i think it's an illusion that we've recovered from the great depression all these years later. what keeps this whole false religion called the economy afloat? social welfare for business and industry in the form of tax subsidization. we the tax paying people, undemocratically get stuck picking up the tab
This is what I see when you read between the lines of mainstream news sources. My fear is that the damage that may be done by these under-the-table tactics will be perminate.
This crisis will continue until it gets so bad that people have no choice but to mobilize and create another mass social movement. It hasn't happened so far because people are so atomized thanks to consumerism, suburbanism and just general hostility towards family and community in the media and pop culture.
see this guy wants to use the FED RESERVE for his crap...McCain wants it for his crap..etc...but it's a ponzi scheme that's about to bust...the Fed is the company store and both reps and dems don't care that they have sold the people of this country for another hit of cheap money..cheap money aint worth a lot
If Congress were to pass HR 1866 (Industrial Hemp Bill), then the US could begin to make products w/o petroleum. Many, many things can be made here in USA from planting to final products for all types of uses. $ and sense!!
Funny how he doesn't mention technology, a major factor of unemployment. People are losing jobs because of technological advances that can replace human labor. This unemployment isn't a crisis, it's a revolution. Robots are replacing us humans and freeing us from daunting and meaningless tasks. Current economics won't be sustainable in the future, so it's up to us to come up with something less wasteful and more helpful. I suggest checking out the zeitgeist movement for further understanding.
This is like religious doctrine. We have a problem with high unenslavement?
It is like the middle ages, as if this people never hear of the industrial revolution. Machines already do all the work. Did so for many years. There isn't any more destruction to do. We ran out of externalities, the planet is about to die and the moneychangers keep chanting the mantra of economic growth, it is everything they know.
In theory the system is nice in reality it is a cult of gangsters.
You like democracy in politics, you understand how important it is that the power is spread out with the people.
So why would you not want the same justice in economics. The people who work at a factory should own the factory! Why should one person get all the benefit from thousands of working hands?
When everyone owns the factory, everyone benefits from the results.
@TheSaltyAdmiral lol no I don't suppose it is. Noam is 100 % correct but it will never happen. Unfortunately your living in a world of corrupt leaders and a world of individual material gain. For ever 1 person born with your understanding their are another 10 who dont have a clue about anything. (no brain, no morals) Majority rule !
Great interview Paul!! I do think that there is a debt problem, however the right wing always focuses on social programs much moreso than the military or private debt. Decades of private debt has been dumped on the governments books and it was done so with intention.
LMAO if individuals treated their finances like this guy suggests the country does, we would destroy ourselves. Spend MORE when there is less money? hmm....
@babygotblown You are right there, but my savings are in silver so I'm not too worried :) I don't think this graduate student of economics will be so confident about his theories when his life savings buy him a slice of pizza.
@mspookie I don't know what you are trying to say, but it feels passive aggressive. If you are making a reductio ad absurdum and / or strawman attack on my point about spending more money, you are wrong and not addressing the issue. I do not support government-backed corporations or government military industrial complexes. Please grow up and address the issues without this useless sarcasm you seem to be hiding behind as a lazy defense.
Have the fed expand the money supply even more? Well if a giant shot of heroine didn't work to cure that patient, a ultra-super giant shot outta do it!
LOOL do u really think so ? prepare for collapse of the U.S dollar, next step world government, the elimination of your sovereign borders is inevitable, no one can stop it!!!
@chris3443 we can use gold and silver right now, as coins and wafers, as bars, to buy what we want. People are catching on this is how you save money.
@sirellyn well obviously he meant an actual money supply that reaches every day american and small businesses, not the initial giant shot which is sitting with the banks not helping anyone but them selves , doing their speculative deals with each other
@zayadnay This isn't "encapsulated money" like you think. The whole point of money is that it can be spent, so even if "gambled" between banks shavings of those earnings are spent into the economy. New house, nice dinner whatever. If the money were actually in a "bubble" they could have asked for monopoly money instead. The point of REAL money is it's actual value. The fact it can be (and is) spend on anything and everything.
@sirellyn well i'm sure this money will have some kind of effect on the economy at the end but even if we take your example, the people who will be earning these shavings would be mostly the rich which do not spend the majority of their income as the average person does therefor their effect on the economy is much less than it can be if you spend this money directly towards stimulus for the regular people... plus dividends are taxed at a much lower rate than regular income
@zayadnay Ok so you are saying you admit inflating the money supply ridiculously will trickle down, but it would trickle down faster if you gave it to the population base? If that's what you are saying then I agree. However the point is both are extremely bad. Inflation encourages borrowing and discourages savings.
More people fall into debt spirals as oposed to grow wealthy from investments. The debts are offered by banks who are the single major party to grow wealthy. This is good to you?
@sirellyn i don't see it that way. based on the situation we are in right now, the top 10 percent hold more wealth in assets and dollars than the other 90 percent combined, therefor the bottom 90 percent have the least to lose out of inflation since they don't hold that many dollars at any one point. this means that their savings will not be impacted as much as the top 10 percent which is exactly who's pushing for cutting the deficit and reduce spending because they do not want to lose their ..
The wealthy 10% have nearly all their money in assets and investments. These are exceedingly inflation resistant some inflation proof. Most individuals hold dollars or assets like cars and homes. Both those last two are easily liabilities. (They don't just sit around and make money, there's costly maintenance) Plus they are overpriced.
Unless you are a lotto winner no top 10% will have more than 20% of wealth in cash. You wouldn't be rich if you thought like that.
@sirellyn ... existing wealth. in reality inflation is the best thing that can happen to the average american, because it will cause our products to be in demand globally so our exports will once again be higher than our imports causing the deficit to be cut naturally and plus inflation means our dollar value is less therefor we would owe less to china and japan and we can pay it easier... it will lift us our of the depression we're in
@zayadnay Also please show me where in history ever that inflation over 10% a year (commonly considered hyper inflation) has done any good for the general populace of a country.
It's happened hundreds of times through history, and every single time it's been bad to devastating.
People need to realize that few of the top earners have earned their money. Once these folks earn a certain amount they begin to act like the mob, rigging the game and taking out competitors. If they don't like a law or regulation they use their money to have it changed.
Hello?! The REAL debt to GDP ratio is already a major problem. 130% leveraged!!! Consider unfunded liabilities and entitlement programs. The interest alone is enough to send us all to hell and back! Something needs to be done dramatically that does not include taxing the life out of the American public. Something R E V O L U T I O N A R Y ........................
@clearasvodka - also, think about what little value the debt has created. A lot of it is destructive - two miltiary campaigns. There's such little innovation coming out of the White House, mostly carrying on Bush programs. Little of value being built up (like energy innovation).
Thanks Paul and Dean, They did have a clue. It is a well planned attack on the working class. A full blown class war. Forcing the workers of the nation to complete globally for the lowest wages on earth or be unemployed. Every law, action, court appointee, trade pact, military act, etc. is meant to centralize all wealth. Free Market Capitalism= Greed, Evil and Corruption.
@workwillfreeyou I could not agree with you more... but are you making a distinction between Free Market vs Regulated Capitalism? And if so, why? The only difference between the 2 is how ruthless the oppression will be and how quickly the end will come. In FMC, you have the most brutal evil doers win within a year. They pollute the world, no more labor laws, work you till you die, no medical care, no social net, etc. Sudden Death. With RC, you get to the same point, just takes 20 years.
" Thanks Paul and Dean, They did have a clue. It is a well planned attack on the working class. "
Even poker games need rules. :) What 'free market capitalism' is , is a return to the era of the robber barons of the 1890s. The small entrepreneur gets crushed by major corporations whose goal is not to create a better product at a lower price, but to achieve monopoly domination of the market.
@workwillfreeyou You're right about that, however I am still in the hope that the working class still has enough of it's soul left to rise against the force keeping it down. The way things are going isn't sustainable indefinitely anyway, but there are also so many ways it could go badly too.
@workwillfreeyou How do you know that the theoretical concept of free market capitalism leads to greed, evil and corruption? We'd have to actually try that system before we know if it would work or not. One thing we do know is that corporate capitalism leads to these things.
It's all going to be part time work, constantly.
tarantula152 2 months ago
10:45 what they should ask is 'is ron paul on the ballot' if no, then dont fuckin vote
TENNSUMITSUMA 8 months ago
This has been flagged as spam show
Seems the problem is quite clear.. CA, FL, NV, MI, NY - states with very high illegal immigrant populations also have the highest national unemployment averages.. hmmm. Backing the Democratic Party just to get a check in the short term will be to the demise of the unemployed.. With the Dream Act.. 2+ Million will enter the job market and take any/all jobs at a less than half of your asking/previous salary and be HAPPY to take it from you.. & this is NOT short-term-PERMANENT job displacement!
NeedAJobUSA 1 year ago
The way to stop Unemployment and have everybody working, is to continue the historical trend; is to distribute the available work between all persons that want to work.
This we can do if each person works fewer hours per week and your taxes will fall due to the government savings= less benefits being paid out
hughezee2 1 year ago
Unemployment is an unbalance between the supply and the demand of working hours. We all know that the efficiency of all types of machines is increasing yearly. We need fewer people to produce the same goods. Work time has been reduced in the past 200 years from about 12 hours a day to less then 8 hours per day and the working week from 7 days to 5.
hughezee2 1 year ago
the right wingers control most of the business in the USA and they want things to be as bad as possible while Obama is President.They want as many poor people as possible to drive down wages for everyone.
themeaningoflife38 1 year ago
This has been flagged as spam show
@themeaningoflife38 - Seems the problem is quite clear.. CA, FL, NV, MI, NY - states w/very high illegal immigrant populations also have the highest national unemployment averages.hmm. Backing the Democratic Party just to get a check in the short term will be to the demise of the unemployed.. W/Dream Act.. 2+ Million will enter the job market & take any/all jobs at a less than half of your asking/previous salary & be HAPPY to take it from you.. & this is NOT short-term-PERMANENT displacement!
NeedAJobUSA 1 year ago
Stop sending jobs to FUCKING CHINA.
FUCKING OUTLAW IT.
rickbar123 1 year ago
I subscribed.
geir44 1 year ago
This shit is fucking scary.
chabalito000 1 year ago
theRealNews don't get enough views
ermhm 1 year ago 2
This has been flagged as spam show
No real news here
jfcrow1 1 year ago
another distraction on the economic front is news that the yuan is being revalued. It gained 0.42% against the dollar last week... by conservative estimates it has 19.58% more to go. But the administration, and the corporate media, will trumpet this "success" just as Bush did in 2005, and in the end nothing will be done to stop the bleeding
Craigipedia 1 year ago
End the Fed. Support Sound Money.
theropingeffect 1 year ago
@theropingeffect I support that sentiment!
samuski36 1 year ago
Financial and job armageddon but you don't hear me though.
4LOSTSOULSONLY 1 year ago
This is disturbing
PersonalJesus348 1 year ago
IF YOU LIKE THIS. DONATE. I DID.
Thank you .
Have a nice day.
cpgone 1 year ago
Do your tie up dude.
rotcafarg 1 year ago
Thanks so much Paul for outstanding journalism of yours. I highly value your interviews and your channel will be featured on mine tomorrow. Just listened to the weekly address of Pres Obama referencing who is blocking who? Am wondering, why, same here in Germany, all those who really have to say something, contribute substantially, are not listened to? The academic world seems to have disappeared gathering at conferences with no lobby, at the same time lobbyism is spreading??!!
Lisa
Sundrumify 1 year ago
Actually, greatbroad is right. Before petroleum was discovered and drilled out of the ground, hemp oil was the leading fuel oil in the USA used to heat and cook with. It could be again. It's why it was such a big cash crop a century or two ago.
wcwiegman 1 year ago
Forget about 20 years from now. The debt is a problem now. Except for the fact that it will never be paid back.
Those Keynsians are really clueless about economics. Even after all they have seen they still push for more borrowing and spending and debt.
He is correct about Greenspan, Rubin. Bernanke and Geithner.
Paetaor 1 year ago
@Paetaor This has nothing to do with keynesian economics. This is merely corrupt politicians and policy makers abusing the economic system.
BrutusAlbion 1 year ago
Comment removed
Paetaor 1 year ago
This has been flagged as spam show
Theres no such thing as a jobless recovery.
lexyota 1 year ago
the guy looks like paul with some hair
hisunand 1 year ago 3
the real problem is the federal reserve and untill you all start looking at the problem you will never solve it. END THE FEDERAL RESERVE...
htowntim2007 1 year ago 3
TRNN. Outstanding!
The U.S. is a Plutocracy. The political (non) representatives have better benefits, retirement and pay even with a revolving door. Unfortunately, the plutocrats' control of the media and national education has left many Americans brain dead. They have no idea where money comes from or who controls it. Even though money (and debt) control their life
The serfs can wish and hope that a new person will listen to them. People need to realize how deep the rabbit hole is.
iknownothingnow 1 year ago
Our assets have been devalued?
Who valued them in the first place?
Its all Orwellian Newspeak. Disaster Capitalism.
Mikahaan 1 year ago
this is already a high debt to GDP ratio, America's pretty much about to crash because of it. Unemployment can recover once deficits funding military and banks don't rob all the working people to make rich people already richer. Printing money and stimulus will cause the currency to cease to exist, so that won't help people out either
ytgv3fc7 1 year ago
Great interview! Please interview this guy again. He really puts the economics and motives in plain english.
Sarandib22 1 year ago 2
Deficits are good? What kind of Keynesian load of crap is that? Wouldn't it be better for the economy if we never had a deficit? Anarcho-Capitalism can save us all...
l1xx3r 1 year ago
paul looks tired
sudan15 1 year ago
socialize the costs, the risks, and privatize the profits. don't you just love capitalism? don't you just love america's state interventionist capitalism? i think it's an illusion that we've recovered from the great depression all these years later. what keeps this whole false religion called the economy afloat? social welfare for business and industry in the form of tax subsidization. we the tax paying people, undemocratically get stuck picking up the tab
Pomeray8 1 year ago 3
This is what I see when you read between the lines of mainstream news sources. My fear is that the damage that may be done by these under-the-table tactics will be perminate.
shon162001 1 year ago
This crisis will continue until it gets so bad that people have no choice but to mobilize and create another mass social movement. It hasn't happened so far because people are so atomized thanks to consumerism, suburbanism and just general hostility towards family and community in the media and pop culture.
marcus3379 1 year ago
see this guy wants to use the FED RESERVE for his crap...McCain wants it for his crap..etc...but it's a ponzi scheme that's about to bust...the Fed is the company store and both reps and dems don't care that they have sold the people of this country for another hit of cheap money..cheap money aint worth a lot
hamletundone 1 year ago
9:11 " They " are the " OGA "
oicub2 1 year ago
Poor interviewee. Not enough spending? They messed up? Excuse me while I facepalm myself to death...
flyhead2 1 year ago
If Congress were to pass HR 1866 (Industrial Hemp Bill), then the US could begin to make products w/o petroleum. Many, many things can be made here in USA from planting to final products for all types of uses. $ and sense!!
greatbroad 1 year ago
Funny how he doesn't mention technology, a major factor of unemployment. People are losing jobs because of technological advances that can replace human labor. This unemployment isn't a crisis, it's a revolution. Robots are replacing us humans and freeing us from daunting and meaningless tasks. Current economics won't be sustainable in the future, so it's up to us to come up with something less wasteful and more helpful. I suggest checking out the zeitgeist movement for further understanding.
S0up3rD0up3r 1 year ago
@S0up3rD0up3r
Good point! technology replacing jobs is a major factor causing unemployment.
ben2point0 1 year ago
Is this a multi-part interview? How do I find the other parts?
mspookie 1 year ago
This is like religious doctrine. We have a problem with high unenslavement?
It is like the middle ages, as if this people never hear of the industrial revolution. Machines already do all the work. Did so for many years. There isn't any more destruction to do. We ran out of externalities, the planet is about to die and the moneychangers keep chanting the mantra of economic growth, it is everything they know.
In theory the system is nice in reality it is a cult of gangsters.
gabydewilde 1 year ago 3
Social liberalism is the solution!
You like democracy in politics, you understand how important it is that the power is spread out with the people.
So why would you not want the same justice in economics. The people who work at a factory should own the factory! Why should one person get all the benefit from thousands of working hands?
When everyone owns the factory, everyone benefits from the results.
End wage slavery!
TheSaltyAdmiral 1 year ago
@TheSaltyAdmiral I agree with you thier, although you dont explain it as well as Noam Chomsky.
PlasteringKing25 1 year ago
@PlasteringKing25
It is not fair to compare me to God, is it? :p
TheSaltyAdmiral 1 year ago
@TheSaltyAdmiral lol no I don't suppose it is. Noam is 100 % correct but it will never happen. Unfortunately your living in a world of corrupt leaders and a world of individual material gain. For ever 1 person born with your understanding their are another 10 who dont have a clue about anything. (no brain, no morals) Majority rule !
PlasteringKing25 1 year ago
Great interview Paul!! I do think that there is a debt problem, however the right wing always focuses on social programs much moreso than the military or private debt. Decades of private debt has been dumped on the governments books and it was done so with intention.
Alberto2382 1 year ago
LMAO if individuals treated their finances like this guy suggests the country does, we would destroy ourselves. Spend MORE when there is less money? hmm....
chris3443 1 year ago
@chris3443 If it's any consolation, the money's fake anyway. *shrugs*
babygotblown 1 year ago
@babygotblown You are right there, but my savings are in silver so I'm not too worried :) I don't think this graduate student of economics will be so confident about his theories when his life savings buy him a slice of pizza.
chris3443 1 year ago
@chris3443 Dear Einstein, we need to get rid of socialism for Wall Street and the Military-Industrial-Complex.
mspookie 1 year ago
@mspookie I don't know what you are trying to say, but it feels passive aggressive. If you are making a reductio ad absurdum and / or strawman attack on my point about spending more money, you are wrong and not addressing the issue. I do not support government-backed corporations or government military industrial complexes. Please grow up and address the issues without this useless sarcasm you seem to be hiding behind as a lazy defense.
chris3443 1 year ago
@chris3443 Pardon me for pointing out how patently absurd you are.
No offense intended.
mspookie 1 year ago
This has been flagged as spam show
@mspookie " Pardon me for pointing out how patently absurd you are.
No offense intended. "
Again, you did not address my point.
chris3443 1 year ago
@mspookie dear Stephen Hawking. Socialism is not in play here. This is called Fascism. Thank you and please wake the hell up.
ytgv3fc7 1 year ago
they want people to be poor & desperate like a third world country in order to drive down everyone's wages. More for them less for you.
themeaningoflife38 1 year ago
Have the fed expand the money supply even more? Well if a giant shot of heroine didn't work to cure that patient, a ultra-super giant shot outta do it!
sirellyn 1 year ago 19
@sirellyn We might as well let them do it, maybe we'll get a gold backed currency out of it one day.
chris3443 1 year ago
LOOL do u really think so ? prepare for collapse of the U.S dollar, next step world government, the elimination of your sovereign borders is inevitable, no one can stop it!!!
sudan15 1 year ago
@chris3443 we can use gold and silver right now, as coins and wafers, as bars, to buy what we want. People are catching on this is how you save money.
ytgv3fc7 1 year ago
@sirellyn well obviously he meant an actual money supply that reaches every day american and small businesses, not the initial giant shot which is sitting with the banks not helping anyone but them selves , doing their speculative deals with each other
zayadnay 1 year ago
@zayadnay This isn't "encapsulated money" like you think. The whole point of money is that it can be spent, so even if "gambled" between banks shavings of those earnings are spent into the economy. New house, nice dinner whatever. If the money were actually in a "bubble" they could have asked for monopoly money instead. The point of REAL money is it's actual value. The fact it can be (and is) spend on anything and everything.
sirellyn 1 year ago
@sirellyn well i'm sure this money will have some kind of effect on the economy at the end but even if we take your example, the people who will be earning these shavings would be mostly the rich which do not spend the majority of their income as the average person does therefor their effect on the economy is much less than it can be if you spend this money directly towards stimulus for the regular people... plus dividends are taxed at a much lower rate than regular income
zayadnay 1 year ago
@zayadnay Ok so you are saying you admit inflating the money supply ridiculously will trickle down, but it would trickle down faster if you gave it to the population base? If that's what you are saying then I agree. However the point is both are extremely bad. Inflation encourages borrowing and discourages savings.
More people fall into debt spirals as oposed to grow wealthy from investments. The debts are offered by banks who are the single major party to grow wealthy. This is good to you?
sirellyn 1 year ago
@sirellyn i don't see it that way. based on the situation we are in right now, the top 10 percent hold more wealth in assets and dollars than the other 90 percent combined, therefor the bottom 90 percent have the least to lose out of inflation since they don't hold that many dollars at any one point. this means that their savings will not be impacted as much as the top 10 percent which is exactly who's pushing for cutting the deficit and reduce spending because they do not want to lose their ..
zayadnay 1 year ago
The wealthy 10% have nearly all their money in assets and investments. These are exceedingly inflation resistant some inflation proof. Most individuals hold dollars or assets like cars and homes. Both those last two are easily liabilities. (They don't just sit around and make money, there's costly maintenance) Plus they are overpriced.
Unless you are a lotto winner no top 10% will have more than 20% of wealth in cash. You wouldn't be rich if you thought like that.
Inflation kills the poor.
sirellyn 1 year ago 4
@sirellyn ... existing wealth. in reality inflation is the best thing that can happen to the average american, because it will cause our products to be in demand globally so our exports will once again be higher than our imports causing the deficit to be cut naturally and plus inflation means our dollar value is less therefor we would owe less to china and japan and we can pay it easier... it will lift us our of the depression we're in
zayadnay 1 year ago
@zayadnay Also please show me where in history ever that inflation over 10% a year (commonly considered hyper inflation) has done any good for the general populace of a country.
It's happened hundreds of times through history, and every single time it's been bad to devastating.
sirellyn 1 year ago 2
People need to realize that few of the top earners have earned their money. Once these folks earn a certain amount they begin to act like the mob, rigging the game and taking out competitors. If they don't like a law or regulation they use their money to have it changed.
Mahoivlich 1 year ago 3
Hello?! The REAL debt to GDP ratio is already a major problem. 130% leveraged!!! Consider unfunded liabilities and entitlement programs. The interest alone is enough to send us all to hell and back! Something needs to be done dramatically that does not include taxing the life out of the American public. Something R E V O L U T I O N A R Y ........................
clearasvodka 1 year ago
@clearasvodka - also, think about what little value the debt has created. A lot of it is destructive - two miltiary campaigns. There's such little innovation coming out of the White House, mostly carrying on Bush programs. Little of value being built up (like energy innovation).
MiranUT 1 year ago
Thanks Paul and Dean, They did have a clue. It is a well planned attack on the working class. A full blown class war. Forcing the workers of the nation to complete globally for the lowest wages on earth or be unemployed. Every law, action, court appointee, trade pact, military act, etc. is meant to centralize all wealth. Free Market Capitalism= Greed, Evil and Corruption.
workwillfreeyou 1 year ago 38
@workwillfreeyou I could not agree with you more... but are you making a distinction between Free Market vs Regulated Capitalism? And if so, why? The only difference between the 2 is how ruthless the oppression will be and how quickly the end will come. In FMC, you have the most brutal evil doers win within a year. They pollute the world, no more labor laws, work you till you die, no medical care, no social net, etc. Sudden Death. With RC, you get to the same point, just takes 20 years.
Ranger4564 1 year ago
Comment removed
Paetaor 1 year ago
Comment removed
Paetaor 1 year ago
This has been flagged as spam show
@workwillfreeyou
" Thanks Paul and Dean, They did have a clue. It is a well planned attack on the working class. "
Even poker games need rules. :) What 'free market capitalism' is , is a return to the era of the robber barons of the 1890s. The small entrepreneur gets crushed by major corporations whose goal is not to create a better product at a lower price, but to achieve monopoly domination of the market.
tigerone1970 1 year ago
@workwillfreeyou You're right about that, however I am still in the hope that the working class still has enough of it's soul left to rise against the force keeping it down. The way things are going isn't sustainable indefinitely anyway, but there are also so many ways it could go badly too.
claytonemoorejr 1 year ago
@workwillfreeyou How do you know that the theoretical concept of free market capitalism leads to greed, evil and corruption? We'd have to actually try that system before we know if it would work or not. One thing we do know is that corporate capitalism leads to these things.
esalian9 1 year ago
Jeremy Rifkin made this prediction in his book 'The End of Work'
pazomblez 1 year ago
And her we go !!!!
tareqjj 1 year ago
the empire's in it's death throes, folks.
ragenut2112 1 year ago 3