U.S. On The Highway To Hell

TMO ^ | 8-28-2012 | Chris Kitze

[KTM rider]

I saw this coming many years ago. It defies the Laws of Economics to base the GDP on the commerce of debt instead of production.

Capitalism works if it is based on production.

Capitalism becomes socialism when it becomes a buyer and seller of debt based on loaning from imaginary assets, because a central bank must have absolute control to make it happen

When the capitalist system abandons production of goods to suckle at the tit of easy money via usery interest, failure is insured because the economy is then based on consumer spending and services to generate capital for the huge government parasite

The elite class of government has become an idiot that thinks it is a producer, when in reality it is a total drain like a parasite that is killing the host.

the host is shriveling and dying and the government parasite just keeps sucking away and injecting fatal viruses like environmentalism, diversity, and liberalism

I am surprised it has lasted this long

[rcrngroup]

Ping for later use!

[rcrngroup]

Save this and send out to libturds!

[Jack Black]

All these articles are fun, but they all fail to deal with reality. Here's the critical fail in this one:

Markets will do the job politicians are unwilling to do. They will cut off government funding via a bond market rebellion and an economic collapse. Ha ha ha haha ha! You are kidding right? MARKETS will discipline the government? The Federal Reserve is the buyer of the vast majority of US treasuries. According to Gonzalo Lira, the financial writer, in 2011 the Fed bought at least 67% of all T-bills. This was a little disguised by various subtrafuges, but it was possible to tease out the information.

When you buy 70% of something you set prices. If there is resistance they could easily go to 80%, 95% or 100% of the market.

FedGov will not let pesky little bond traders interfere with the bonanza machine that keeps the FSA in pampers and beer.

Count on it. I'm surprised to see someone as smart as Casey making this shopworn claim. Ridiculous.

[Jack Black]

After the coup by Romney at the RNC today, I do believe it does not matter who “wins” but just how far down and how fast we will fall down the rabbithole.

Wow! That's pretty strong language, care to explain it? Hopefully you're not talking about the unseating of 10 delegates in Maine. That was an ugly affair that doesn't speak well of the organization of the GOP. Similar things happened in Washington State. But I don't think by any stretch of the imagination seating every delegate that Ron Paul won or thought he was entitled to would have made a damn bit of difference. Romney didn't squeak through, he won by a wide margin.

Please explain what you mean.

[Jack Black]

Our uniquely american option, the State sovereignty/rights movement, using our States to attack Washington and strip it down, as a means of breaking up this problem into more manageable sizes. Is anther possible vehical from which we might attack this problem perhaps in combination with other efforts.

This site, DumpDC, is all about secession. He makes some good points. Don't always agree with it, but if you believe that we are nearing a collapse then we certainly need to be talking about this kind of stuff.