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Americans Are Waiting In Breadlines (Read 1673 times)
Mortdooley
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Re: Americans Are Waiting In Breadlines
Reply #60 - Aug 12th, 2022 at 9:26pm
 
So once again you circle back to the communist manifesto.

This government isn't borrowing from private institutions, it is creating dollars out of thin air and using the future generations as collateral. As the dollar buys less and less it is the people who live on fixed incomes who suffer the most. Why is it not clear to you that the government creates the problem. The economy was going well until pedo-peter assumed the big desk and started undoing our prosperity. Apparently the wrong people prospered while Trump was President, that would be the Middle Class.

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And the main cause of cost of living increase is supply-side constraints due to covid.


The whole cause is run away government spending with an unlimited creation of dollars.

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Indeed the Fed (and Treasury) should simply have paid the essential bills of locked-down workers, by using the governement's own currency-issuing capacity.   The last thing a pandemic locked-down economy needs is "stimulation". Only people with no economic understanding could say "stimulation" was needed at the time when most (non-essential) workers were required to stay home, in order to avoid spreading, catching and dying of the plague.


This so called plague was about a lot of things but public health wasn't one of them. I understand that many if not most people live in the "here and now" with no clue or concern about the future. I've never known a person who was down and out that couldn't decide to pull themselves up if they would just make the effort.

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Indeed the Fed (and Treasury) should simply have paid the essential bills of locked-down workers


There should never have been any lock-downs. It didn't save lives and in many cases it cost lives. People afraid to go out to continue medical treatment for existing conditions was one big example.

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So you want to privatize the economy? The US is already the most privatized economy in the world - which explains the Jan. 6th riots, and fierce political hyper-partisanship in the US, which is bringing democracy itself into disrepute all around the world


The January 6th PROTESTS were a direct result of an election that defied reality and had no effect on the economy. The pervert in the White House on January 20th did that. The battle in America is between the people who want less government in their lives but provides basic services and those who want a one world government. I have found some western cultures population want firm rules to spare them from the annoyance of other peoples freedoms rather than restricting government in their lives.

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Radical change is needed and mainstream economics will not be part of the solution.


I doubt your Author is doing to sell many books.

People don't know how much control they have over their own lives until they take it!
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thegreatdivide
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Re: Americans Are Waiting In Breadlines
Reply #61 - Aug 13th, 2022 at 3:42pm
 
Mortdooley wrote on Aug 12th, 2022 at 9:26pm:
So once again you circle back to the communist manifesto.


Nonsense, though I am stating the necessity to manage neoliberal free markets, to save the global economy from imminent collapse. 

http://bilbo.economicoutlook.net/blog/?m=20220811

"Radical change is needed and mainstream economics will not be part of the solution."
Thursday, August 11, 2022

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This government isn't borrowing from private institutions, it is creating dollars out of thin air and using the future generations as collateral.


That's just plain wrong. Currency-issuing governments couldbe authorized to fund the public sector without taxing or borrowing from the private sector, but they aren't. They have to buy or sell bonds to private financiers. 

https://www.ozpolitic.com/forum/YaBB.pl?num=1645944963/225

(#236)  Questions 1,2 and 3, show so-called "money printing"  is always conducted via private financiers, regardless of whether the government is buying or selling bonds.

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As the dollar buys less and less it is the people who live on fixed incomes who suffer the most.


The unemployed or those on below poverty wages  always suffer the most. Those on low fixed incomes are the next in line for pain....

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Why is it not clear to you that the government creates the problem.


It IS clear to me that neoliberal governments with their central bank monetary orthodoxy ..."borrowing money which must be repaid".... are causing the problem. 

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The economy was going well until pedo-peter assumed the big desk and started undoing our prosperity. Apparently the wrong people prospered while Trump was President, that would be the Middle Class.


Workers' wages have stagnated for 3 decades....and poverty remains entrenched, while inequality is soaring. 

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The whole cause is run away government spending with an unlimited creation of dollars.


Decent wages for teachers and nurses etc is not "run-away spending". 

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This so called plague was about a lot of things but public health wasn't one of them. I understand that many if not most people live in the "here and now" with no clue or concern about the future. I've never known a person who was down and out that couldn't decide to pull themselves up if they would just make the effort.


The plague was real and killed over a million in the US.

Fact is the government could have supported locked-down workers..... for free, without issuing "debt which must be repaid". 

There should never have been any lock-downs. It didn't save lives and in many cases it cost lives. People afraid to go out to continue medical treatment for existing conditions was one big example. Quote:
Even when hospitals were running beyond capacity, and bodies exceeded morgue capacity....? 

[quote]The January 6th PROTESTS were a direct result of an election that defied reality and had no effect on the economy. The pervert in the White House on January 20th did that. The battle in America is between the people who want less government in their lives but provides basic services and those who want a one world government. I have found some western cultures population want firm rules to spare them from the annoyance of other peoples freedoms rather than restricting government in their lives.
 

US political hyperpartisanship caused the riots (er...protests, certainly not 'peaceful'..). Any desire for "one world government " is not the cause; lack of "an economy that works for all" (Bernie Sanders) IS the problem.

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I doubt your Author is doing to sell many books.

A like-minded economist was a best-selling author  on the NYT list: prof. Stephanie Kelton: 'The Deficit Myth'.

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People don't know how much control they have over their own lives until they take it!


People were dying like flies at the start of covid; external circumstance often intrude into personal actions.
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Mortdooley
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Re: Americans Are Waiting In Breadlines
Reply #62 - Aug 14th, 2022 at 11:04pm
 
5 Statistics Showing How Capitalism Solves Poverty


1. The number of people living in extreme poverty worldwide declined by 80 percent from 1970 to 2006.

2. Poverty worldwide included 94 percent of the world’s population in 1820. In 2011, it was only 17 percent.

3. Globally, those in the lower and middle income brackets saw increases in pay of 40 percent from 1988 to 2008.

4. The world is 120 times better off today than in 1800 as a result of capitalism.

5. Mortality rates for children under the age of five declined by 49 percent from 1990 to 2013.

https://www.dailywire.com/news/5-statistics-showing-how-capitalism-solves-povert...

This "you will own nothing and be happy" is pure lunacy. Government stands in the way of success because they want the wrong people to benefit. The largest parts of government is nothing more than a parasite. The "poor" choose to be poor, they don't accept it, they don't believe it but they do. If you believe you can be a success in life you have a chance but if you believe you can never get ahead you are right.

The progressive democrats and their pretend leader pedo-peter are anti-capitalism. They inflate the money supply by trillions of dollars making every dollar less valuable. Goods and services have become much more expensive while wages and other income has remained about the same. A one world government will never solve the worlds problems but it will put more power in fewer hands.

As far as the so called pandemic is represented, statistically while hundreds of thousands of deaths were blamed on it the overall mortality rate wasn't much different then before it started. The majority of deaths were people in the last few months of life and may or may not have been infected. I personally only knew two people who actually died of covid, both were true believers in the "vaccines" and were up to date on them, following all the social distancing and mask precautions.
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thegreatdivide
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Re: Americans Are Waiting In Breadlines
Reply #63 - Aug 14th, 2022 at 11:31pm
 
Mortdooley wrote on Aug 14th, 2022 at 11:04pm:
5 Statistics Showing How Capitalism Solves Poverty


The problem isn't capitalism per se, but 'small government' neoliberalism developed by Friedman and introduced by Thatcher and Reagan.

Quote:
1. The number of people living in extreme poverty worldwide declined by 80 percent from 1970 to 2006.

2. Poverty worldwide included 94 percent of the world’s population in 1820. In 2011, it was only 17 percent.

3. Globally, those in the lower and middle income brackets saw increases in pay of 40 percent from 1988 to 2008.

4. The world is 120 times better off today than in 1800 as a result of capitalism.

5. Mortality rates for children under the age of five declined by 49 percent from 1990 to 2013.

https://www.dailywire.com/news/5-statistics-showing-how-capitalism-solves-povert...


Interestingly, China accounted for 60% of global poverty reduction after 1978, when China adopted capitalist markets within state management. Nevertheless, much Chinese production remained state-owned.

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This "you will own nothing and be happy" is pure lunacy. Government stands in the way of success because they want the wrong people to benefit.


House ownership is not as important as security of tenure. Public housing is usually a necessary antidote to private housing markets.

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  The largest parts of government is nothing more than a parasite.


In fact telecoms and energy should be state owned.

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The "poor" choose to be poor,


That's conservative mythology, regardless of what anyone "accepts".

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The progressive democrats and their pretend leader pedo-peter are anti-capitalism.


No they aren't; they are anti-neoliberal free markets.

Bernie Sanders isn't proposing to eliminate capitalism.   
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They inflate the money supply by trillions of dollars making every dollar less valuable. Goods and services have become much more expensive while wages and other income has remained about the same.


Those trillions certainly haven't trickled down to the bottom half of the population.

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A one world government will never solve the worlds problems but it will put more power in fewer hands.


An effective international rules based system would solve a lot of problems, but that's separate to functional  national economies serving the needs of all citizens.

Quote:
As far as the so called pandemic is represented, statistically while hundreds of thousands of deaths were blamed on it the overall mortality rate wasn't much different then before it started. The majority of deaths were people in the last few months of life and may or may not have been infected. I personally only knew two people who actually died of covid, both were true believers in the "vaccines" and were up to date on them, following all the social distancing and mask precautions.


Well the million deaths were excess deaths, and though many were near the end of life, many were not.
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« Last Edit: Aug 14th, 2022 at 11:38pm by thegreatdivide »  
 
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Mortdooley
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Re: Americans Are Waiting In Breadlines
Reply #64 - Aug 15th, 2022 at 10:13pm
 
...
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Karnal
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Re: Americans Are Waiting In Breadlines
Reply #65 - Aug 16th, 2022 at 8:06am
 
Mortdooley wrote on Aug 15th, 2022 at 10:13pm:


And here you were starting a thread to blame politicians.

Cunning, no?
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Re: Americans Are Waiting In Breadlines
Reply #66 - Aug 16th, 2022 at 8:14am
 
Mortdooley wrote on Aug 14th, 2022 at 11:04pm:
5 Statistics Showing How Capitalism Solves Poverty


1. The number of people living in extreme poverty worldwide declined by 80 percent from 1970 to 2006.

2. Poverty worldwide included 94 percent of the world’s population in 1820. In 2011, it was only 17 percent.

3. Globally, those in the lower and middle income brackets saw increases in pay of 40 percent from 1988 to 2008.

4. The world is 120 times better off today than in 1800 as a result of capitalism.

5. Mortality rates for children under the age of five declined by 49 percent from 1990 to 2013.

https://www.dailywire.com/news/5-statistics-showing-how-capitalism-solves-povert...

This "you will own nothing and be happy" is pure lunacy. Government stands in the way of success because they want the wrong people to benefit. The largest parts of government is nothing more than a parasite. The "poor" choose to be poor, they don't accept it, they don't believe it but they do. If you believe you can be a success in life you have a chance but if you believe you can never get ahead you are right.

The progressive democrats and their pretend leader pedo-peter are anti-capitalism. They inflate the money supply by trillions of dollars making every dollar less valuable. Goods and services have become much more expensive while wages and other income has remained about the same. A one world government will never solve the worlds problems but it will put more power in fewer hands.

As far as the so called pandemic is represented, statistically while hundreds of thousands of deaths were blamed on it the overall mortality rate wasn't much different then before it started. The majority of deaths were people in the last few months of life and may or may not have been infected. I personally only knew two people who actually died of covid, both were true believers in the "vaccines" and were up to date on them, following all the social distancing and mask precautions.


Strange. How much free cash did your Dear Leader try to get Congress to send out to people for doing nothing?

Let's do this as a multiple choice. Per person, was it?

A. $600

B. $1000

C. $2000

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Re: Americans Are Waiting In Breadlines
Reply #67 - Aug 16th, 2022 at 8:46am
 
Mortdooley wrote on Aug 14th, 2022 at 11:04pm:

Grin Grin Grin

morty torty spewing 100% Kremlin propaganda
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Re: Americans Are Waiting In Breadlines
Reply #68 - Aug 16th, 2022 at 1:49pm
 
Karnal wrote on Aug 16th, 2022 at 8:14am:
Strange. How much free cash did your Dear Leader try to get Congress to send out to people for doing nothing?

Let's do this as a multiple choice. Per person, was it?

A. $600

B. $1000

C. $2000


Note on "free cash":

The issue is a nation's productive capacity.

Of course in a pandemic-enforced lockdown, government MUST pay the essential bills of locked down workers.

The smart way for a currency-issuing government to do this is to simply change the digits in the banks accounts of locked-down workers (="free money").

The dumb way is for the govt. to borrow the money from private financiers which is the current convention (whether QE or not; the money creation process is still insanely preserved for private sector agents, when governments buy or sell bonds).   
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Re: Americans Are Waiting In Breadlines
Reply #69 - Aug 16th, 2022 at 3:19pm
 
thegreatdivide wrote on Aug 16th, 2022 at 1:49pm:
Karnal wrote on Aug 16th, 2022 at 8:14am:
Strange. How much free cash did your Dear Leader try to get Congress to send out to people for doing nothing?

Let's do this as a multiple choice. Per person, was it?

A. $600

B. $1000

C. $2000


Note on "free cash":

The issue is a nation's productive capacity.

Of course in a pandemic-enforced lockdown, government MUST pay the essential bills of locked down workers.

The smart way for a currency-issuing government to do this is to simply change the digits in the banks accounts of locked-down workers (="free money").

The dumb way is for the govt. to borrow the money from private financiers which is the current convention (whether QE or not; the money creation process is still insanely preserved for private sector agents, when governments buy or sell bonds).   


True, true.

Or there's Mort's Dear Leader's way: start a trade war, spend the tariffs paying off the manufacturers and agribusinesses, watch business pass the tax onto consumers, blame Chi-na, then blame the current prez when the public vote you out and do it all again in 2024.

We'll win so much we'll grow tired of winning, no?
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Mortdooley
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Re: Americans Are Waiting In Breadlines
Reply #70 - Aug 16th, 2022 at 10:03pm
 
Since the two of you seem to be the same person "geat" must be the sock.

https://canadafreepress.com/article/open-letter-to-my-and-every-congressional-re...

Open letter to my (and every) congressional representative

August 11, 2022 I attended a town hall in Wallowa County, Oregon conducted by Representative Cliff Bentz and there were a few things that came up that need discussion and solutions.

First, it was evident that too many folks have been hoodwinked into believing that the federal seat of power, Washington, D.C., is where they need to go for answers regarding decisions that affect their daily lives.

It doesn’t matter what issue was raised whether it was healthcare, which one attendee insisted on adding abortion to that “benefit,” drug costs, veteran support, access to grazing leases, energy availability or the millions coming across the southern border, their questions came down to one thing – how will the government manage it and, more importantly, pay for it?

The whole problem with this notion is that the federal government has no business overseeing the majority of these issues.

Constitutionally, the only reasons for the federal government to exist is to protect interstate trade and foreign commerce (the Marines were formed to counter piracy on the high seas) and provide national security. For these reasons were roads built and maintained; armories, forts and customs houses established; and immigration supervised. All other areas of administration from health insurance and education to forest management were never intended to be controlled by a federal apparatus… never.

Representative Bentz said something crucial that was glossed over by the attendees when he noted that every one in the room ought to go to Congress.

Going back to the inception of the House of Representatives, it was originally devised to be an assembly composed of citizens who would take one or two terms to serve in the capital, representing their home districts when considering issues of national security and commerce. Nowhere in the Constitution was there mention that Congress, the President or the Judiciary was apportioned control over citizens’ health maintenance, education, land usage, natural resources, wildlife or, believe it or not, individual taxation. These rights of management were left to the states and individuals under Article 1, Section 8.

From Toddy Littman, our legal researcher, in an article written in 2012, Founding principles never included progressive tax:

[Go b]ack to the beginning of this country and the Framers’ intent, the change of former servants to become masters, and realize that now the reverse has occurred where the elected servants have usurped the role of master. Note that it was the government that amended the Constitution to gather income tax, not the People. The purpose of the 1913 beginning of this boondoggle was to collect money to fund projects and entitlements that were never designated under the Constitution.

Article 1, Section 8: Congress having the power to tax, etc. “to pay the Debts and provide for the common Defence and general Welfare of the United States.”

This is the definition of “welfare” used within the context of the United States Constitution (note the designation specific to states):

Welfare: Noah Webster’s 1828 Dictionary:

2. Exemption from any unusual evil or calamity; the enjoyment of peace and prosperity, or the ordinary blessings of society and civil government; applied to states.

Thus were (and are) taxes never to be collected for the purposes of providing education, promoting arts or even providing for the poor, the “welfare” programs, i.e. entitlement programs. Read Jefferson’s second inaugural address (fifth paragraph).
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Re: Americans Are Waiting In Breadlines
Reply #71 - Aug 17th, 2022 at 12:00am
 
Mortdooley wrote on Aug 16th, 2022 at 10:03pm:
Nowhere in the Constitution was there mention that Congress, the President or the Judiciary was apportioned control over citizens’ health maintenance, education, land usage, natural resources, wildlife or, believe it or not, individual taxation. These rights of management were left to the states and individuals under Article 1, Section 8.


The perils of a 200 year-old Constitution.

"The 1913 Federal Reserve Act is legislation in the United States that created the Federal Reserve System.  Congress passed the Federal Reserve Act to establish economic stability in the U.S. by introducing a central bank to oversee monetary policy".

..after a series of 19th century economic booms and busts, post the US civil war.

The next stage of national reform is to eliminate  borrowing by the Fed, on behalf of national government which has the capacity to issue its own currency (up to the limit of the resources available for the government to purchase).


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Mortdooley
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Re: Americans Are Waiting In Breadlines
Reply #72 - Aug 17th, 2022 at 12:33am
 
Clearly the Federal Reserve Act is unconstitutional. An once of gold will still buy about the same goods as it would 100 years ago, A modern dollar is worth about 2 cents in 1922 dollars thanks to the federal reserve letting our money be debased.
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Re: Americans Are Waiting In Breadlines
Reply #73 - Aug 17th, 2022 at 1:44am
 
Mortdooley wrote on Aug 17th, 2022 at 12:33am:
Clearly the Federal Reserve Act is unconstitutional. An once of gold will still buy about the same goods as it would 100 years ago, A modern dollar is worth about 2 cents in 1922 dollars thanks to the federal reserve letting our money be debased.



Libertardian red pill fodder.
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thegreatdivide
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Re: Americans Are Waiting In Breadlines
Reply #74 - Aug 17th, 2022 at 1:29pm
 
Mortdooley wrote on Aug 17th, 2022 at 12:33am:
Clearly the Federal Reserve Act is unconstitutional. An once of gold will still buy about the same goods as it would 100 years ago, A modern dollar is worth about 2 cents in 1922 dollars thanks to the federal reserve letting our money be debased.


Yes well that is covered in the new reforms I mentioned, (zero interest rate policy and zero inflation; there are other ways to deal with excess demand, than by debasing the currency, but that is another story). 
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