In this final chapter of Useful Idiots and the Something for Nothing society,
we show the final elements leading to the societal and economic collapse that
we are currently caught in. The system I have outlined here and in
previous chapters is INSANE when viewed through the lens of history. Unfortunately,
our leaders and our society have forgotten it and, therefore, we are doomed
to repeat it. Nothing will stop it and very little can be done to slow it down.
You must embrace it, acknowledge it and turn it into your opportunity rather
than your demise. We are at the tail end of an insanity seen throughout history,
which began now almost 100 years ago. We are at the end game in the near future.
If you haven't read the previous chapters PLEASE DO SO as it will connect the
dots for you.
In Part
I of this series we covered the transformation of the monetary
system from sound reserve backed constitutionally mandated currency system
to what now has become completely unsound Fiat currency and credit system.
Money has changed from a system for storing wealth, purchasing power and
ones labor for the future to a confiscation scheme run for the benefit
of Banksters and socialist progressive government. Do not miss this as
UNSOUND money and Reserveless banking is the master thread and foundation
of all the chaos unfolding in the world today.
In Part
II of this series we thoroughly covered how the ACCOUNTABLE, LOCALLY
controlled education systems have been high-jacked and transformed into
FEDERALLY CONTROLLED, UNACCOUNTABLE, public school MONOPOLIES designed
to create sheeple and Useful Idiots ripe for exploitation. The Locally
controlled school systems that created the most prosperous country in the
history of man are now nothing more than PROGRESSIVE SOCIALIST indoctrination
centers designed to mentally cripple the futures of our children. It is
now an insidious system to create morally and fiscally insolvent citizens,
bereft of histories lessons, contemptuous of what created our exceptional
country and its burgeoning middle classes, unable to produce more than
they consume. They do not know how to live prudent and productive lives
and DO NOT have the BASIC knowledge needed to build a prosperous and independent
life.
In Part
III of this series we covered the impoverishment of the masses
and how they have been turned from free men into debt and tax slaves through
the scheme known as Fiat currency and credit creation and creeping centralized
government. We learned how the value of their wages has been reduced and
debased by the very people in whom they have placed their trust: the government
and banking/financial systems. In reality, the powers that be have created
a land of serfs in the developed world. Only serfs had it better as they
only gave 25% of their incomes to their masters and dealt in coin based
sound money. In history, one man's taking of the fruits of another man's
labor was called SALVERY. Now, in the land of George Orwell we have become,
it is called FAIRNESS. Real money is basically EXTINCT in today's world,
except for gold and silver, killed by the elites who control the world
today. All three previous parts of this series are critical foundations
to this edition: DON'T MISS THEM.
In Part
IV of this series we learned how a world of free men has been chained
by laws and regulations of progressive socialist governments enshrining
themselves and their campaign supporters above the private sector and public
at large. They have destroyed freedom of choice, capitalism, dynamism,
productivity entrepreneurism in an attempt to prevent the future from arriving
as we evolve, while cementing their victimization of society in place.
Regulations, which facilitate stealth confiscation of private assets, wealth
and income through regulations, have been designed to line the pockets
of their cronies, protect them from you, regulate demand to themselves,
and destroy start up business formation. Regulations, which have never
been reformed or had real cost benefit analysis done, are eating the private
sector alive. Economic Capitalism has been repealed in the developed world,
and political corruption and fascist socialism have been put in its place
unbeknownst to the vast majority of the public and the useful idiots in
particular. This is all destroying the ability of the developed world's
economies to produce REAL wealth. They now only produce debt and disguise
it as growth and send the bill to you and your children.
On to today's missive: Below is the face of the welfare state and their
SOMETHING for NOTHING CONSTITUENTS consuming the capital needed to INVEST in
the future and EATING the future incomes of our children, making them DEBT
slaves to government! I call it eating the seed corn that must be PLANTED for
an economic harvest for the next generation, aka our CHILDREN! Investment in
the future (plants, equipment and infrastructure) has basically disappeared.
It has been borrowed and transferred to the entitlement states and the elites
which control them. This is an image from www.USdebtclock.org,
check it out regularly and make sure you have a stiff drink when you Look and
think about it.
Let's see, would you vote for a DC politician if you knew that they have incurred
$350,000 dollars of debt for every man woman and child in the US or $1,049,000
for every taxpayer in the US. Do you think that somebody who put you into this
position is irresponsible or CRIMINAL? It's called debt slavery and those chains
bind you in the future to pay for today's Something for Nothing society. In
the developed world, virtually no debt has been retired or repaid for over
5 decades, it is only rolled over and new debt issued for spending. The economic
model of developed world governments who have no plans for repayment; they
are predicated on an endless PONZI scheme, powered by central and commercial
banks creating money out of thin air and stealing the value of yours while
it sits in the bank. In REALITY, the debt of our children is MUCH worse. The
something for nothing politicians and their socialist government's REPORT their
finances to the public in a cash-in / cash-out basis, while you, I and any
business must use the GAAP (generally accepted accounting principles) method,
which includes future liabilities that are already incurred, are due and payable
in the future. The federal government does this calculation (GAAP deficit)
and it is breathtaking in comparison to what is presented to the public (CASH
based deficit):
The Light green bars are the widely published deficits (they themselves are
outrageous deficits), and the dark green bars are what they are spending today
and the promises to pay in the future. Notice the complete breakdown of fiscal
discipline since the bottom of the 2000 recession? These are the numbers gathered
off the US treasuries website. The Something for nothing society has grown
to unbelievable size and is mushrooming even LARGER. Compounding higher at
almost 40% of GDP annually, by using the rule of 72 the obligations of the
US, GAAP adjusted US debt as a percentage of gdp is DOUBLING about every 1.7
years. INSANE BEHAVIOR from our leaders in Government. This behavior enshrines
them as public enemies, not servants.
Why this goes unreported is just another testament to the MORAL bankruptcy
of the main stream media. In the last two years alone, Washington DC has run
up future obligations approximately $14 trillion dollars (or $14 million million)
greater than ALL the GDP of the United States in the last year. This is what
I refer to as MORAL and FISCAL BANKRUPTCY. Buying votes with promises which
will NEVER BE DELIVERED. That is today's leaders and their useful idiots
eating and destroying our futures. What does it look like on an accumulated
deficit versus GDP you ask? Send the women and children OUT OF THE ROOM:
=
90+ trillion dollars (90 million million)! Some people, such as Larry Kolitkof
of Harvard, have it at twice those levels. How will these FUTURE obligations
of our Something for Nothing Society be PAID? What are the consequences for
this behavior? I think you know. Many of the PROMISES will be BROKEN and the
rest will be paid with what else? Money printed out of THIN AIR. This is such
a frightening picture of what lays directly in the future, to believe there
will not be BAD consequences for this behavior is to believe in the TOOTH FAIRY!
That is 1/3 the total population of the United States. This is as of 2011,
it is now 2014. Add those people to the rolls of beneficiaries and the numbers
are approaching ½ of the population, and the baby boomers are retiring
in droves and their social security and Medicare trust funds have been STOLEN,
Spent and Eaten by the Something for Nothing society and their REPRESENTATIVES
in Washington DC. THE MONEY IS GONE! How many Something for Nothing businesses
feed at the government trough providing overpriced and poor quality goods and
services? No one knows, and I have looked for this information. Add to this
list Federal government unionized workers.
This is the primary reason government will never BE CUT until it is bankrupt
(it already is) as too many people are on the FEED BAGS. They will vote for
politicians who SUPPORT THEM, literally. You can add over 20,000,000 to this
number when Obamacare is fully implemented. This situation has created the
Jaws of Death for the world's primary reserve currency aka the dollar:
Now, add back in the GAAP adjusted numbers from the US treasury that I illustrated
and you know why the foundations of the value of the dollar have been irreparably
DESTROYED. We are only waiting for people to wake up to the fact that you cannot
store wealth in them ever again. And the federal reserve has monetized them
to prevent US bankruptcy:
This will NEVER end; overtly or covertly monetization of debt by the printing
press is now an integral part of the game plan for insolvent elites WORLDWIDE
to prevent collapse of their Ponzi economies and banking systems.
Keep in mind that approximately 60% of the monetary reserves of central banks
around the world are denominated in DOLLARS; This is why the dollar will be
the last to fall. Those trying to store wealth in it and those printing it
endlessly will do anything to perpetuate the system of printing gold out of
thin air. Remember the dollar was substituted for gold as international reserves
at Bretton Woods I in 1945.
The Something for nothing progressive socialist society has a battle hymn
which has found its way onto the internet:
Tax
his land, Tax his bed, Tax the table, At which he's fed.
Tax his land, Tax his bed, Tax the table, At which he's fed. Tax his
tractor, Tax his mule, Teach him taxes Are the rule. Tax his work, Tax
his pay, He works for peanuts anyway! Tax his cow, Tax his goat, Tax his
pants, Tax his coat. Tax his ties, Tax his shirt, Tax his work, Tax his
dirt. Tax his tobacco, Tax his drink, Tax him if he tries to think. Tax
his cigars, Tax his beers, If he cries Tax his tears. Tax his car, Tax
his gas, Find other ways to tax his ass. Tax all he has then let him know
that you won't be done till he has no dough. When he screams and hollers
then tax him some more, Tax him till He's good and sore. Then tax his coffin,
Tax his grave, Tax the sod in Which he's laid.. Put these words upon his
tomb, 'Taxes drove me to my doom...' When he's gone, Do not relax, it's
time to apply the inheritance tax.
I chuckled when I first read that, then thought about it and cried. That is
a description of slavery, serfdom, organized crime and the totalitarian society
we have become. PERSONAL income taxes where not a part of Amerika until 1913.
They have grown from barely anything to mostly everything created by the private
sector. The government does not create wealth it consumes it. The greater the
size of government the smaller you can expect to keep of your hard work and
labors. The something for nothing society powered by the useful idiots have
legislated and borrowed all of the future wealth of America just as all developed
world countries have. Those off balance sheet obligations I illustrated are
mirrored throughout the world. In fact everything I have written in this series
is a developed world situation.
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There is NO WHERE to run from The Useful idiots and Something for Nothing
societies. They are morally and fiscally bankrupt and running out of FOOD to
loot to FEED their insatiable APPETITES. The OECD, World Bank, United Nations,
and developed world have all RUN OUT of other people's money. It is why these
groups are working so hard to track down anyone who attempts to escape from
them.
"The trouble with socialism is sooner or later you run out of other people's
money." - Margaret Thatcher
The socialist progressives in the G7 are chasing capital from one country
to the next. As capital flees and seeks shelter from confiscation, the ability
to produce wealth, economic growth and deploy investment domestically crumbles.
The socialist progressives chased our manufacturing industries out of the developed
world and now they are doing it to multinational corporations. Just yesterday,
the secretary of the US treasury Jack Lew, "TAX collector for the welfare state",
painted a target on the back of the corporate sector during an appearance on
CNBC:
"What we need as a nation is a new sense of economic Patriotism," -
Jack Lew
These comments come on the rush offshore by multi-nationals fleeing the TAXMAN.
Most people do not understand, but people like congress and the president view
ALL INCOME as theirs. From "you didn't build that", or "spread the wealth around" said
to Joe the plumber in 2008, to tax breaks costing the government money which
has the tense exactly backwards. It was never theirs, but they speak of it
as so. When tax breaks are spoken of, it is not you keeping your MORE of YOUR
OWN MONEY. Instead, it is referred to as costing them money because, in their
minds, all money is theirs to be doled out as they see fit. Washington DC and
the European commission have chased business and manufacturing out of their
countries for decades. Their policies have given future capital and investment
the BOOT. Money printing won't revive their economies. Only lower taxes and
cutting the GOVERNMENT corruption known as regulations will do so.
"Factories that used to employ thousands now employ 200. For the US to
grow above trend, it has to be about REFORMING government policy not central
bank policies." - Larry Fink
Now that their policies have hollowed out our economies, they want to chase
them as they flee. Corporate taxes are the highest in the world by wide margins
and taxes collections in the US are too:
Notice how the US (red line at the bottom and highest in the WORLD) at 39%
has BY FAR the HIGHEST corporate tax rates in the WORLD? It is simply why businesses
are FLEEING the developed world as it no longer pays or is profitable to locate
and operate there. It is why jobs now reside in the emerging world. The Something
for Nothing Society and Useful Idiots who SUPPORT them are eating their own
futures.
This is a picture of leviathan government and the Something for Nothing welfare
states taking the Capital out of capitalism. They are eating the seed corn
for the next generations economic harvest, thus there will be NONE. These are
two pictures of the something for nothing society EATING the private sector,
destroying the incentives to produce and invest and destroying/killing the
golden goose that was the US and developed world ECONOMIES. It is a picture
you can see throughout the developed world in one way or another.
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Government receipts are at all-time highs by a wide margin, but the GAAP adjusted
deficits seen previously show how government spending is EXPLODING like the
NUCLEAR MUSHROOM to the future it REPRESENTS. It is government malfeasance
on plain display; do not expect it to stop until Mother Nature steps in. All
taxes COLLECTIONS are up 600% since 1981. The economy certainly hasn't grown
that much but the debts have. This is why the wealth production of the US has
fled the country. Most people do not understand that CORPORATIONS do not PAY
taxes; the costs are all passed through to its customers in higher prices (lost
competitiveness) and to its employees in lower wages. Think about that and
know why the developed world has to pass laws to keep them domestic and to
stop them from confiscating what little wealth they still keep.
"[A] wise and frugal government ... shall restrain men from injuring
one another, shall leave them otherwise free to regulate their own pursuits
of industry and improvement, and shall not take from the mouth of labor
the bread it has earned. This is the sum of good government." - Thomas
Jefferson
"Capitalism has created the highest standard of living ever known on
earth. The evidence is incontrovertible... Yet those who are loudest in
proclaiming their desire to eliminate poverty are loudest in denouncing
capitalism. Man's wellbeing is not their goal." - Ayn Rand
I have never in my lifetime seen the central government of the United States,
the President and democrats in congress so openly HOSTILE to businesses big
and small as I do now. Democratic congressmen say they DON'T trust the Private
sector. Unbelievable! That is the only place an economic recovery can come
from! Constantly attacking them and calling for them to surrender their success
for redistribution to others or be labeled "UNPATRIOTIC".
"There is one and only one social responsibility of business: to use
its resources and engage in activities designed to increase its profits
so long as it stays within the rules of the game; which is to say, engages
in open and free competition without deception or fraud." - Milton
Friedman
The something for nothing constituents who elected them to loot others for
redistribution called government BENEFITS which they have been taught are theirs
by birth and law. What was called slavery when I grew up is called FAIRNESS
today. Definition of slavery: Taking the fruits of another's labor by force.
This is fueling the ongoing collapse of the economy.
As INCOMES and REAL wealth creation COLLAPSE in something-for-nothing societies
they become like locusts eating everything right down to its roots:
- Borrow money until they can borrow NO MORE!
- Print the money until it is accepted no more.
- Attack, tax, harness and regulate the wealth-creating sectors of their economies
until they surrender...this is cannibalism of the WORST kind.
- BYPASS the processes of law & RULE through GANGSTER POLITICS and intimidation à la
GM, AIG, BP and Chrysler!
- Rescue POLITICALLY-connected banksters, crony capitalists and elites at any
cost to the public at large
- Eat the seed corn of the future, borrow against the incomes of tomorrow and
enslave their children to banksters so they can consume something for nothing
today...
The political classes in the developed world can be described in a quote by
Cicero:
"A nation can survive its fools, and even the ambitious. But it cannot
survive treason from within. An enemy at the gates is less formidable,
for he is known and carries his banner openly. But the traitor moves amongst
those within the gate freely, his sly whispers rustling through all the
alleys, heard in the very halls of government itself. For the traitor appears
not a traitor; he speaks in accents familiar to his victims, and he wears
their face and their arguments, he appeals to the baseness that lies deep
in the hearts of all men. He rots the soul of a nation, he works secretly
and unknown in the night to undermine the pillars of the city, he infects
the body politic so that it can no longer resist. A murderer is less to
fear." - Marcus Tullius Cicero
It does not matter whether it is called a conservative or a liberal, all are
aligned into a system of looting the public which they support and build upon.
This quote by Cicero so perfectly captures the essence of modern politicians
today - socialist wolves feeding hope to the masses while their policies do
just the opposite.
"Popular opinion ascribes all these evils to the capitalistic system.
As a remedy for the undesirable effects of interventionism they ask for
still more interventionism. They blame capitalism for the effects of the
actions of governments which pursue an anti-capitalistic policy." -
Ludwig Von Mises
"If governments do not give them up and return to the unhampered market
economy, if they stubbornly persist in the attempt to compensate by further
interventions for the shortcomings of earlier interventions, they will
find eventually that they have adopted socialism." - Ludwig Von Mises
Policies which destroy the future and enshrines themselves above the people
they claim to serve. The term Public serpents come to mind.
"When plunder becomes a way of life for a group of men living together in
society, they create for themselves in the course of time a legal system
that authorizes it and a moral code that glorifies it." - Frederic Bastiat
Unsound money and the income tax have funded the growth of this system of
leviathan government (something for nothing societies) and countries run for
the benefit of banksters. That is the master thread, both prohibited by the
constitution and the founding fathers of the United States. Politicians at
every level of society run on platforms of taking from one group (the makers)
and GIVING it to another (the takers), dividing society in dangerous ways.
The PROGRESSIVE SOCIALIST politicians of today are nothing less than organized
crime families like the Gotti's and Gambino's fighting TURF wars known as elections
to see who gets the front row fleecing, taxing, regulating and suppressing
the private sector. No one proposes REFORM or REPEAL of decades of archaic
laws and regulations, only ADDS to them. The Something for Nothing progressive
society NEVER returns freedom, it only TAKES MORE!
People who support reducing government BENEFITS, supporting the constitution
(so much of the something for nothing society and the making of useful idiots
is neither authorized nor constitutional), reforming the education system,
repealing the out of control regulations and reducing taxes are now called
terrorists. And, to useful idiots and the Something for Nothing society, THEY
ARE! If you see a politician, community organizer, or anyone using this rhetoric
you're looking at a Useful Idiot and a member of the Something for Nothing
society. Cutting their BENEFITS and reducing regulatory power over others is
a gun at their heads. They could get thrown OFF THE DOLE and be forced to PAY
FOR THEMSELVES. As we all must do in reality!
At this point, the developed world is SOCIALIST in everything but NAME. It
is a process which has been underway for a CENTURY. Quoting Norman Thomas in
1944 shortly after the death of the Presidents IDOL Franklin Delano Roosevelt:
Of course we have reached this point today. The Republicans have adopted socialism
as well. Socialism is the consumption of wealth not the production of it. This
is why it always fails. It is a form of economic CANNIBALISM, something for
nothing societies eat the makers and producers of wealth until the ultimate
ECONOMIC and SOCIETAL collapse. When the economies fail and tax receipts are
not enough, they borrow and print the money. The cannibalism to this point
is KILLING the ability to produce wealth and is why REAL economic and societal
recovery is IMPOSSIBLE. It is the definition of a Something for Nothing society
and the USEFUL idiots who support it.
"Remember democracy never lasts long. It soon wastes, exhausts, and murders
itself. There never was a democracy yet that did not commit suicide." -
John Adams
The recipe for something for nothing societies and their useful idiots: Debt,
taxes, unsound money, Poor Potemkin educations which is nothing less than brain
washing and intentional dumbing down of their citizens, wealth confiscation
in one form or another, debasement of money (money printing and leverage with
no REAL reserves), runaway regulations as barriers to a brighter future for
the common man and emerging competitors, and CREEPING repeal of private property
rights. Rinse and repeat. That is the system in place today. This IS NOT a
RECIPE for GROWTH; it is the recipe of authoritarian governments trying to
prevent their waterloo as their economies and living standards COLLAPSE under
their policies. And transferring what's left to THEMSELVES (crony capitalists
and elites) and their USEFUL idiot supporters. They will FAIL!
In conclusion, this is how empires have fallen over and over again throughout
history and can be termed Morally and Fiscally BANKRUPT. Very few understand
the levels of insolvency at every level of today's society, public, municipal,
state and federal. INSOVENCY is knit into the economic and financial systems,
inconceivable to most people. It is EVERYWHERE! The societal, government and
economic systems which the developed world has become are incapable of generating
wealth and real economic growth. That requires capitalism, innovation, personal
freedom, semi-sound money and free markets, which are MOSTLY absent in today's
world. Do you think any of the MEGA trends you have just learned of in this
series are going in REVERSE? That somehow the people that created this
mess and increasingly control our lives will suddenly wake up and change the
direction of their actions? We now live in a socialist "Something for Nothing" society
and welfare state. Europe is in the same boat.
The solutions to our economic and societal problems are inconceivable to the
public or its leaders today as they were never taught histories lessons. The
idea that we need more government, and that it is a solution to our problems
and we need more BENEFITS, is a fiction. A return to the policies which created
the wealth of the developed world is the only solution: capitalism, really
free markets, freedom to innovate, sound money, a return to private property
rights. Chance of this? NIL. Once taken, rights are never returned. Government
power misused and abused is the cause of the problems.
Government, crony capitalists, bureaucracies and welfare recipients are living
beings - they want to grow. As they do, they eat others to grow. It is their
FOOD. The looters control the guns of government and will continue to use them
so growth in benefits/entitlements and government is guaranteed. They have
now grown to a point that they have almost killed the host private sector.
. Soon it will die and the penalty for failing to produce for those that produce
NOTHING will be confiscation of wealth and private property... and that still
won't pay for the impossible promises.
The Useful Idiots who stand behind progressive politicians and roar their
approval are PIRANHAS, looking to eat others and vote for public servants who
promise them a full buffet table of the fruits of others who produce more than
they consume. It is a growing constituency. Every taxpayer now owes over $1,049,000
dollars of their future income to pay back the debt; future promises to pay
are multiples of that number by at least SEVEN. Me, you and the unwashed masses
have been enslaved and chained to debt and the future promises by the socialist
welfare states. Most people are unaware of their unfolding indentured servitude
to the state as it goes UNREPORTED by the MAIN STREAM MEDIA. Before this episode,
Washington DC will attempt to confiscate all the wealth in America. The European
Union will try and do the same. All to deliver on the impossible promises they
have made and passed into law. Private property is a fiction quickly being
punctured by government actions. Without private property rights the incentive
to produce DISAPPEARS and a growing economy goes with it. That moment arrived
years ago when Bretton Woods II transferred the wealth in our money to the
governments overnight. Now we are nearing the endgame of the confiscation which
began then. Financial repression is just the latest policy to fund the INSOLVENT
something for nothing governments and banking systems which made the bad loans.
Saving money will never pay anything again (money for nothing for governments
and the elites and usury if you are poor) until the economic collapse and monetary
reset is implemented. Prudence, hard work and thrift will be increasing punished
and imprudence rewarded as it is today. This is the world we now live in. Wake
up, embrace it and thrive, it is an opportunity of a lifetime.
When the president talks about helping the middle class, he is talking about
the Useful Idiots and Something for Nothings among us who are like locusts.
They nod and smile as he affirms the lies and misinformation they have been
taught and believe. He and all government officials now are the ENEMY WITHIN
as Cicero put it. They will eat everything in front of them right down to the
roots and then next year's seed corn. They have actually reached this point
today for anyone who can do the math.
"A government that robs Peter to pay Paul can always depend on the support
of Paul." - George Bernard Shaw
Useful idiots and something for nothing societies have no ability to understand
the issues and history's lessons nor the ability to think. They have never
been taught what money is or how it must function: ON PURPOSE. They have no
ability to pick apart words and compare them to the actions. Or know history
and have no desire to know it for that matter. They were not taught to be curious,
just trust those that say they will protect them from the boogey man. They
can only be led. They live in quiet desperation and fear (false evidence appearing
real) on the edge of poverty as they have very little real education on which
to stand or create success for themselves. It's why the Democratic Party only
uses TALKING points with simple meanings and glib promises. Useful idiots are
being led by those who are preying on them. This insanity is unstoppable. It
is like a snowball rolling downhill and, as their policies gain momentum, the
destruction will explode.
The only thing that will stop this is Mother Nature, God and Darwin. Historically,
they have done so in EVERY previous episode of insanity of this nature. This
is also known as the collapse of empires. This time will be no different. We
are in the midst of this and the crisis caused by the policies of the powers
that be will always be with us until the insanity falls on the rocks of reality.
Most people are blind to this, especially those who have been conditioned to
believe these impossible ideas, promises of living at the expense of others.
To them, the lies are the truth. To the Useful idiots, the something for nothing
society that has been built and the promises they learned in school from the
second bill of rights and the president's supporters it is the "American way",
when in reality it is contrary to the nation's history and laws.
Advanced economies have set aside the values of hard work, self-reliance,
prudent behavior, saving, financial knowledge, highly educated workforces and
constant reinvention and renewal through capitalism and celebrate and revel
in expensive, ill-budgeted welfare states and the system I have just outlined.
One that created the greatest and most widely spread prosperity in the history
of man and transformed it into just the opposite: forever declining wealth
and income creation, lives of desperation where the future is always worse
than the past and the wealth pie is continually shrinking. Something for nothing
societies are the consumption of wealth rather than the production of wealth.
It is why the middle classes are going the way of the DODO bird: EXTINCT. Capitalism
created the middles classes, and socialism in disguise is eating them alive.
Socialism is misery spread widely as economies collapse under its policies.
The near future is bleak regardless of the illusions of booming stock and
bond markets created by money printing, and monetary debasement. ALL ECONOMIES
are afloat on an unimaginable and inconceivable (to the human mind) sea of
leverage as is every corner of the world economy today. The leverage will fail
as it must because there is no REAL income growth to repay it. So the
powers that be will print it. For example: if subprime borrowers (little
ability to repay) were not allowed to buy an auto, sales would COLLAPSE by
about 30%. Of course, the banking systems PRINTED THE BORROWED MONEY OUT OF
THIN AIR to lend to them and receives years of their FUTURE labor to PAY IT
BACK. Did you know the word meaning debt and the word meaning sin are the same
in the Old Testament? Debt is sin and slavery if used for consumption. If used
for self-paying/liquidating investment it is virtuous. The ability to repay
was everything when banking was sound, now they just lower credit standards
so more useful idiots qualify for the loans which create consumption which
is called growth. A currency and financial system extinction event as outlined
by Ludwig Von Mises is underway.
What would USEFUL IDIOTS and Something for Nothing societies do if they couldn't
borrow the money to CONSUME what they cannot afford? They would and will collapse
at some point. The leverage will FAIL, as incomes are a tiny fraction of new
borrowing. It's all Ponzi all the time, a growing tide. It is only a question
of when? The road to recovery lies only in repealing the regulations and reducing
the taxation which is verboten to socialist society that have run out of other
people's money at this time. Moral and fiscal Insolvency is the definition
of the developed world today. No reforms have taken place since 2008, just
further RAPE of the public by the Something for Nothing societies and their
handmaidens in the political world. The greatest transfer of wealth from those
who hold it in paper to those that don't is underway; use it to create prosperity
for you and your families.
Call me. Let's discuss.
I love you all and may god bless you and your families.
Author's Note: In my opinion the greatest manmade disaster
and OPPORTUNITY in history is unfolding in every corner of the world. Are you
diversified or operating with EYES WIDE SHUT? Are you prepared to turn it into
opportunity by properly diversifying your portfolio? Adding absolute return
investments which are designed with the potential to thrive (up and down markets)
regardless of what unfolds economically or politically? This is what I do for
investors; help them diversify into investments which are created to potentially
thrive in the storm. For a personal consultation with me CLICK
HERE!
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