America's Impending Master Class Dictatorship

Financial Sense ^ | Jan. 22, 2010 | Stewart Dougherty

[Travis McGee]

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

~~Ludwig Von Mises

(What comes after that is a total disaster: CW2, Max Max or tyranny.)

[dragnet2]

When Fannie Mae and Freddie Mac were nationalized at enormous taxpayer expense, the government approved $6,000,000.00 individual pay packages in 2009 (150 times the average American wage) for the CEOs of both failed companies anyway.

I can't imagine why there is a problem.

[dragnet2]

When more than seven million American workers lost their jobs and were subsisting on unemployment benefits and food stamps, federal government employees, who now earn DOUBLE what private sector workers earn, were given another round of pay and benefits increases anyway.

[dragnet2]

When private sector workers’ 401Ks and IRA retirement plans plummeted in value due to economic collapse and endemic Wall Street-orchestrated market corruption (including systemic front running, flash trading, naked short selling and other manipulations), government “defined benefit,” lifetime-cost-of-living-adjusted pension plans, despite already being underfunded by $2,000,000,000,000.00 ($2 trillion), were made richer than ever anyway.

[dragnet2]

Governments that openly defy the people are either already totalitarian or in the process of becoming so. Monetarily, the United States clearly functions as a totalitarian dictatorship already

[dragnet2]

Every single government entitlement program in the United States is bankrupt. This includes Social Security ($17,500,000,000,000.00 underfunded; $17.5 trillion); Medicare Part A ($36,700,000,000,000.00 underfunded; $36.7 trillion); Medicare Part B ($37,000,000,000,000.00 underfunded; $37 trillion); Medicare Part D ($15,600,000,000,000 underfunded; $15.6 trillion), Government and military pensions ($2,000,000,000,000 underfunded; $2 trillion), Food Stamps...........

[DuncanWaring]

...CW2, Max Max or tyranny.)

Those aren't necessarily mutually-exclusive.

[Travis McGee]

Yeah. It might get so bad that a breakup of the union might be better than one massive tyranny or Mad Max.

[Harrius Magnus]

Look at another possibility, personified by Zimbabwe.

 

Argentina is probably a better example (as if that is so much better).

[mamelukesabre]

You wish.

Actually, by the time it happens, the reality will be worse than war & famine

The government is not going away. It will morph into something that will be capable of surviving despite its destructive ways. Government has self preservation in mind, and it will find a way to preserve itself.

I am talking about totalitarianism.

We are on the technological precipice of absolute and total control of the likes the world has never before seen. I would say never before imagined but that would be a false statement. George orwell imagined it very clearly...as has the book of revelation.

We will see the end of “money” as we now know it.

Government will become hyper suspicious of any and all competing thought(sedition, anyone?)...including religion. Government will become so sadistically jealous of any words of praise not directed towards government that the individual will cease to exist.

Why will this happen? Because when things deteriorate to such extent that the only way our government can continue to exist is at the expense of all else...GOVERNMENT WILL EXIST AT THE EXPENSE OF ALL ELSE.

These things are so perfectly crystal clear to me that it makes me laugh whenever I think about it.

[mamelukesabre]

I would welcome it.

See my post 50

[patriot preacher]

There is a saying in Illinois that the activities of the Daley machine (Dem) in Chicago will be pretty much counterbalanced by the activities of the Republicans in downstate Illinois.

Growing up in New Jersey, I saw that the Republicans in northwester NJ, and perhaps in other areas I did not know, were a counterweight to the activities (Dem) in Jersey City, Newark and Hoboken.
______________

If by “activities” you are referring to voter fraud or electioneering, I BEG to differ. We are talking about the modern (or Postmodern) Republican party — the party of the Bushes, Doles and McCains. Ah, NO. Even if the Republicans as a whole were dirty enough to commit voter fraud on the scale of the Democrats (IMPOSSIBLE considering ACORN, SEIU, Dead people in Chicago, the Black Panthers and God knows how many others!) the Republicans would be too dumb to do it!