The United States Of Delusion

Zero Hedge/ Of Two Minds ^ | 04 January 2012 | Charles Hugh Smith

[Lorianne]

The irony is that clinging to delusion rather than face the necessity of deep cuts in borrow-and-squander budgets will lead to the involuntary reset of the entire system, depriving every vested interest of their share of the swag.

We are living in the United States of Delusion. The delusion has four key sources: 1. We can borrow-print-and-spend our way to prosperity when debt and fiscal/monetary stimulus are yielding ever more marginal returns:

The Dangerous Blindspots of Clueless Keynesians (January 2, 2013) The Keynesian model is a Cargo Cult, mired in a distant, romanticized past where Central Planning, intervention and manipulation were solutions rather than the root of the economy's fatal disease.

2. The risks of this fatal fiscal delusion are masked by a complicit Mainstream Media and a perception-management, manipulation-dependent Central State and Federal Reserve.

[griswold3]

This 'Monetary Sovereignty' is catching on. (trillion dollar coin) Mitchell’s laws: ●The more federal budgets are cut and taxes increased, the weaker an economy becomes. ●Austerity is the government’s method for widening the gap between rich and poor, which leads to civil disorder. ●Cutting the deficit is the government’s method for taking dollars from the middle class and giving them to the rich. ●Until the 99% understand the need for federal deficits, the upper 1% will rule. ●To survive long term, a monetarily non-sovereign government must have a positive balance of payments. ●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics. ●The penalty for ignorance is slavery.

[PGalt]

The United Socialist Fiasco is destroying this nation. DEFUND/DISMANTLE their collectives. We will be solvent in no time.

[Bon mots]

It has gone beyond Keynsian as we are raising taxes in the midst of a deep recession that we are not emerging from.

Unemployment and GDP numbers are lies - the government improves bad data by manipulating it and not solving the problem.

[Bon mots]

Keynsian = Keynesian