Plus a government with a budget deficit, of which it pays 25% of its bugdet to pay INTEREST on its loans and a public in a housing market and credit crunch with Federal rates at only 2%?? We can only sustain this with constant borrowing from the rest of the world. But borrow can only continue because of "demand" for the dollar: dollar-oil sales and American spending, providing return on foreigners' investment. That's why were in Iraq and why we bailed out Fannie and Freddie to protect it.
Not to mention $12 trillion in mortgage debt pushed overseas and $50 trillion in Social Security and Medicare liabilities promised? Even the GAO agrees our economy is unsustainable and it's getting worse.
I'm not saying that we shouldn't gone after Hitler. But he was a much, much more evident threat than Iran. CIA blowback has caused or exacerbated the problems we have today. Continued aggression makes it worse. National defense and "national security" are not the same.
But how did we get there? $10 Trillion national debt, $10 Trillion corporate debt and an $800 billion trade deficit (Our GDP is actually 21.9% of the world, meaning we consume more that we produce, hence the trade deficit) We consume now and pay later, but our ability to pay is being outpaced by our consumption.
Second, both WWI and WWII were bailouts of Western Europe because they screwed themselves playing the imperialism/alliance. Commerce with All, Alliance with none-Jefferson. Good advice.
thomasst2, it is astounding how little you know about the world. You come with your half baked theories. You probably don't know much about economics either. How many econ classes you took and how many books you read about it.
Please tell me know so I won't waste my time wit you.
Also if you are against the military force, how would you have liberated Europe that was occupied by Hitler's army?
And 5% of the population uses 25% of the resources because 5% of the pop produces 25% of the wealth.
Have you noticed now? The Fed helping Goldman Sachs consolidate its banking power by "bailing" out Bear Stearns and the US public paid for it by losing purchasing power from inflation? Government's rampant borrowing for 2 wars and bigger government, causing more inflation, and our taxes only pay on the interest on the GOV's loans? And of course as the dollar goes down, oil goes up, forcing the world to give us more goods for more dollars to maintain world dollar hegemony. We are an empire.
These "small group of dominant men," bankers responsible for the creation of the FDR want the petrodollar, they want big government because the government has to ask them perpetually for loans to become big and expand internally and externally to spread capitalism for their profit, not ours. They want war so the government can keep asking for loans, which it pays back with interest. Inflation causes loss of public purchase power while they profit. Central control by these bankers is socialism.
No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.
I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world.
What I disapprove of is of 1) with CIA and military force, demanding oil producing countries to sell in dollars to maintain the unfairness, allowing 5% of world population to consume 25% of its resources, and 2) A government enslaved to Central Banking, which (fittingly this July 4th) was the MAIN reason the colonies declared independence the English (Benjamin Franklin). Read Woodrow Wilson's quote after the 1913 FDR Act was passed:
I didn't say I disapproved of Milton Friedman, The fact is that his theory of a strong economy irregardless of a trade deficit is the situation our economy is in right now. I think it's fine as long as the trade deficit isn't too large, which is completely unfair to the country with which you have the deficit, and, in fairness, there is some quid pro quo agreement should the deficit persist. If you hate the country, don't do business with them, or suck it up and follow international trade law.
Plus a government with a budget deficit, of which it pays 25% of its bugdet to pay INTEREST on its loans and a public in a housing market and credit crunch with Federal rates at only 2%?? We can only sustain this with constant borrowing from the rest of the world. But borrow can only continue because of "demand" for the dollar: dollar-oil sales and American spending, providing return on foreigners' investment. That's why were in Iraq and why we bailed out Fannie and Freddie to protect it.
thomasst2 3 years ago
Not to mention $12 trillion in mortgage debt pushed overseas and $50 trillion in Social Security and Medicare liabilities promised? Even the GAO agrees our economy is unsustainable and it's getting worse.
I'm not saying that we shouldn't gone after Hitler. But he was a much, much more evident threat than Iran. CIA blowback has caused or exacerbated the problems we have today. Continued aggression makes it worse. National defense and "national security" are not the same.
thomasst2 3 years ago
But how did we get there? $10 Trillion national debt, $10 Trillion corporate debt and an $800 billion trade deficit (Our GDP is actually 21.9% of the world, meaning we consume more that we produce, hence the trade deficit) We consume now and pay later, but our ability to pay is being outpaced by our consumption.
Second, both WWI and WWII were bailouts of Western Europe because they screwed themselves playing the imperialism/alliance. Commerce with All, Alliance with none-Jefferson. Good advice.
thomasst2 3 years ago
thomasst2, it is astounding how little you know about the world. You come with your half baked theories. You probably don't know much about economics either. How many econ classes you took and how many books you read about it.
Please tell me know so I won't waste my time wit you.
Also if you are against the military force, how would you have liberated Europe that was occupied by Hitler's army?
And 5% of the population uses 25% of the resources because 5% of the pop produces 25% of the wealth.
AlanCom1 3 years ago
Have you noticed now? The Fed helping Goldman Sachs consolidate its banking power by "bailing" out Bear Stearns and the US public paid for it by losing purchasing power from inflation? Government's rampant borrowing for 2 wars and bigger government, causing more inflation, and our taxes only pay on the interest on the GOV's loans? And of course as the dollar goes down, oil goes up, forcing the world to give us more goods for more dollars to maintain world dollar hegemony. We are an empire.
thomasst2 3 years ago
These "small group of dominant men," bankers responsible for the creation of the FDR want the petrodollar, they want big government because the government has to ask them perpetually for loans to become big and expand internally and externally to spread capitalism for their profit, not ours. They want war so the government can keep asking for loans, which it pays back with interest. Inflation causes loss of public purchase power while they profit. Central control by these bankers is socialism.
thomasst2 3 years ago
No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.
thomasst2 3 years ago
I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world.
thomasst2 3 years ago
What I disapprove of is of 1) with CIA and military force, demanding oil producing countries to sell in dollars to maintain the unfairness, allowing 5% of world population to consume 25% of its resources, and 2) A government enslaved to Central Banking, which (fittingly this July 4th) was the MAIN reason the colonies declared independence the English (Benjamin Franklin). Read Woodrow Wilson's quote after the 1913 FDR Act was passed:
thomasst2 3 years ago
I didn't say I disapproved of Milton Friedman, The fact is that his theory of a strong economy irregardless of a trade deficit is the situation our economy is in right now. I think it's fine as long as the trade deficit isn't too large, which is completely unfair to the country with which you have the deficit, and, in fairness, there is some quid pro quo agreement should the deficit persist. If you hate the country, don't do business with them, or suck it up and follow international trade law.
thomasst2 3 years ago