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Why You Will Soon Be Living In Poverty

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posted on Sep, 22 2010 @ 12:52 PM
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I’ve noticed the socialist agitators out in full force recently, busy blaming the free market and capitalism for every economic problem under the Sun.

First, we need to understand just what capitalism is. Then we need to understand what it is not. Only through this will you be able to understand why the money in your pocket is about to become totally worthless.

To economists, the word capitalism simply means “voluntary exchange of goods and services.” – nothing more and nothing less. To radical socialists, capitalism apparently involves all manner of fraud, theft, and government intervention on behalf of big business.

Because the mass media and socialist academia have so distorted the meaning of the word capitalism, I shall simply use the term “free market” to mean “voluntary exchange of goods and services”, which is really the same as using the term “capitalism”

“Free market” = “voluntary exchange of goods and services” = “free market capitalism”

All of those mean the SAME THING.

Free markets do not involve any government intervention at all. As soon as one starts introducing government intervention into the markets, the markets are NO LONGER FREE. Almost all government intervention is done on behalf of large corporate interests. Almost all regulations are created by big business to cartelize markets and drive out competition. When government engages in this kind of behavior, it is called FASCISM.

The term fascism was explicitly first laid out by the WWII Italian dictator Benito Mussolini in his work “The Doctrine of Fascism.” Mussolini‘s vision for Italy involved cartelizing all the trade unions and business into “corporate” divisions. These corporate collectives would then all have a seat at the government table. Mussolini’s vision of the State is almost identical to our current system of governance in America and in most western European nations.

Mussolini writes:

“Granted that the XIXth century was the century of socialism, liberalism, democracy, this does not mean that the XXth century must also be the century of socialism, liberalism, democracy. Political doctrines pass; nations remain. We are free to believe that this is the century of authority, a century tending to the ‘right’, a Fascist century. If the 19th century was the century of the individual (liberalism implies individualism) we are free to believe that this is the ‘collective’ century, and therefore the century of the State.”…

“Fascism is therefore opposed to Socialism to which unity within the State (which amalgamates classes into a single economic and ethical reality) is unknown, and which sees in history nothing but the class struggle. Fascism is likewise opposed to trade unionism as a class weapon. But when brought within the orbit of the State, Fascism recognizes the real needs which gave rise to socialism and trade-unionism, giving them due weight in the guild or corporative system in which divergent interests are coordinated and harmonized in the unity of the State. (p.15)”

Mussolini is saying that he believes society prospers when socialist welfare (including corporate subsidies), trade unions, and corporate interests are harmonized in a system of government. Today we call this system of government “corporatism,” but in reality, there is no real difference between Mussolini’s vision of fascism and corporatism.

Economist Sheldon Richman writes, “Mussolini also eliminated the ability of business to make independent decisions: the government controlled all prices and wages, and firms in any industry could be forced into a cartel when the majority voted for it. The well-connected heads of big business had a hand in making policy, but most smaller businessmen were effectively turned into state employees contending with corrupt bureaucracies. They acquiesced, hoping that the restrictions would be temporary. Land being fundamental to the nation, the fascist state regimented agriculture even more fully, dictating crops, breaking up farms, and threatening expropriation to enforce its commands.”

“Fascism” = “Corporatism”

One of the most important pieces of the free market that needs to be wiped out and cartelized in this system of fascist policy is the currency and banking interests. Once we see how the banking industry and monetary system is cartelized, we can begin see just how the fall of America occurred and why you are about to be starved to death.

In free market capitalism, money is product of the markets. People will select goods to use as a medium of exchange. In the early days of America’s history, the frontiers men used beaver pelts as money. Money in a free market can range from rare sea shells to gold, but it is always some THING that has intrinsic value and can be easily traded for other goods. Almost always, this role of intermediating trade fell to gold or silver because they were rare, had a high value for their weight, and were easily transferable.

Early on in America’s history, Spanish gold coins were frequently used and accepted as money. No one cared if the coin was minted in Spain, Washington, or anywhere else. The coin had value because it was gold. It could not be reproduced by simply running a printing press.

The point I’m getting at here is that there is no free market in money. And as we will see, there is no free market in banking either. Money today is a product of debt. If there were no debt, there would be no money. This is a fact and it is a fact that should shock you. This “money” in payment of debt is forced upon the public at gun point through something called “legal tender laws” (which all violate the US Constitution by the way.) Legal tender laws simply mean that if a person offers to pay a debt in federal reserve notes, the courts will discharge the debt. No one is allowed to reject the fake federal reserve notes. Nor is anyone allowed to create a currency that competes with the federal reserve notes.

This government enforced monopoly privilege of money creation assures that the fed and the government can debase the currency by printing endless amounts of money, yet the public is still forced to continue using it even as it becomes worthless over time.

Money is debt because of our fraudulent fractional reserve fiat system of currency which is operated by the fed. When new loans are taken out by customers, new money is created. The banks don’t actually have a “reserve” stockpile of money they lend from. Money is simply credited to accounts when new loans are taken out. Thus, the more debt, the more money in the system. The more money in the system, the less value that money will have. This is simple supply and demand at work. As the supply of money goes up, the value of that money goes down.

This endless printing of money is why you will starve.

The government has currently committed to bailing out nearly 30 trillion dollars of bad investments (debt) using public tax dollars.

In a non-criminal currency (ie. gold), inflation is caused by banks lending out more money than they have in gold reserves or by an increase in the gold stock. Business cycles are directly related to this fraudulent activity of excessive lending since the act of lending more paper money than the banks actually have in gold reserves artificially reduces interest rates, which leads to “booms” in the cycle.

In our current system, this same principle applies but the artificially low interest rates are a product of the federal reserve setting interest rates through manipulation of the bond market rather than a product of individual banks issuing more paper than gold they have on hand.

These “booms” are when the malinvestment takes place due to excessively “cheap” money (credit) being available. Since money is cheap, investors are willing to take more risk than they otherwise would. The cheap cost of borrowing also sends a signal to investors that there is more capital goods available for future production than actually exists. Producers see the cheap rates and assume people have lots of savings available to spend on future consumption so industry reorganizes itself into the production of long term goods. Only later is it revealed that consumers are broke and the existing capital stock of goods that producers were relying on to finish their projects does not actually exist.

The “bust” is the market trying to correct this excessive lending and return itself to a proper ratio of gold to dollars. The “proper” ratio can be considered a point where all bad debts (malinvestments) have been cleared through defaults and write-downs.

In a totally unregulated system of gold back currency, the normal behavior of the economy is to experience constant DEFLATION. As the economy grows and becomes more productive, the value of the currency will INCREASE over time. A piece of gold will buy more and more goods as productivity increases. We should see constantly DECREASING prices, just as we see in the consumer electronics industry, due to technological innovation, competition, and increased efficiency.

Of course, we don’t have a free market at all today in anything. Massive government regulation over all industries has turned all of the major industries into cartels. Competition is heavily suppressed through regulations and the tax code. It can take weeks to simply get all the proper licenses necessary just to operate a small business, and that is only one tiny fraction of the regulation the business has to deal with once it is running. The entire point of all the regulation is to keep people from starting their own business and competing with the large corporate oligopolies.

We must also not forget government contracts. When a business is getting huge subsidies and contracts from the government, it sucks up resources that keep other businesses from competing with it. This further creates a monopoly situation.

All of these regulations, subsidies, government contracts, interest rate manipulations, fake money printing, bailouts, welfare, and limitless “defense” spending have wiped out the economy. Without the fed, government would have to tax before it could spend, such insanely high tax rates would cause a revolt. Without the fed, the banks would have no one there to bail them out or suppress interest rates which increases profits through increased lending.

The federal government, in conjunction with the private commercial banks, have racked up such an enormous debt through welfare, warfare and suppressed interest rate loans to the private sector that we have come to the end of the road. People can no longer afford to take out loans, this causes the economy to contract, as the economy contracts, consumers default on their loans causing banks to fail, this also causes government tax revenue to fall, as government tax revenues fall it can’t afford to pay off its debt, and when government struggles to pay off its debt, it prints money – this will be the cause of hyper-inflation.

In this process of debt implosion, we can see that the banks would normally be wiped out in the process since they are all inherently bankrupt. Rather than allowing this bankrupting to occur, the government has committed tens of trillions of public tax dollars to keep the banks solvent. It has shifted the burden of consumer defaults to the tax payers, rather than the billionaire bankers and hedge fund managers. By socializing these losses of the banks on to the tax payer, the government has increased its own debt burden enormously, further compounding its problems.

What we can see from this is that free market capitalism played absolutely ZERO role in the destruction of our country. People voluntarily exchanging goods and services do not cause massive economic chaos and disasters. Only when government and the banks have a monopoly privilege over money and lending can total chaos be created.


edit on 22-9-2010 by mnemeth1 because: (no reason given)



+2 more 
posted on Sep, 22 2010 @ 01:06 PM
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Man what you just said with your heading. It's pretty much like, what are talking about soon for? I'm fricken there !
Totally screwed with the walls closing in. I'm not even one to complain but I'm waiting for charter to shut us off as we speak. I'm so sinking right now with the wife and her boy go'in down with me. This will prolly be it for awhile
if I go off and I' m not here after today you all know I've become a victim.
Figure me in, as part of the first wave peeps. It's happening.


edit on 22-9-2010 by randyvs because: (no reason given)



posted on Sep, 22 2010 @ 01:12 PM
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Originally posted by randyvs

Man what you just said with your heading. It's pretty much like, what are talking about soon for? I'm fricken there !
Totally screwed with the walls closing in. I'm not even one to complain but I'm waiting for charter to shut us off as we speak. I'm so sinking right now with the wife and her boy go'in down with me. This will prolly be it for awhile
if I go off and I' m not here after today you all know I've become a victim.


Just wait.

The current economic chaos is simply a warm up for round 2 = the currency crisis.

The nation has been living on a credit card and that credit card is about to be maxed out.

The endless welfare/warfare/corporate bailouts/manipulated interest rates have wiped out our industrial base. This is not China's fault. This is not Japan's fault. This is our own criminal government's fault. It is the greed of the American public thinking they can get something for nothing through government that has destroyed us.



posted on Sep, 22 2010 @ 01:15 PM
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No thanks.

I've been stocking up on sliver.




edit on 22-9-2010 by unityemissions because: (no reason given)



posted on Sep, 22 2010 @ 01:20 PM
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Originally posted by unityemissions
No thanks.

I've been stocking up on sliver.



good call.

I'd also include guns, ammo, food, land in the middle of no-where, solar power systems, and a well.



posted on Sep, 22 2010 @ 01:26 PM
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reply to post by mnemeth1
 


All of that is in the works, but will still be a few years off. I honestly don't imagine that the system will collapse anytime in the next 24 months. After that, all bets are off!



posted on Sep, 22 2010 @ 01:29 PM
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yay more fear mongering. i will never live in poverty for my castle is in my mind.



posted on Sep, 22 2010 @ 01:31 PM
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Originally posted by unityemissions
reply to post by mnemeth1
 


All of that is in the works, but will still be a few years off. I honestly don't imagine that the system will collapse anytime in the next 24 months. After that, all bets are off!


We don't have two years.

We are lucky if we have 6 months.



posted on Sep, 22 2010 @ 01:44 PM
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dude
I'm already living in poverty
and have been for about a yr.
Lost almost everything I owned
or worked for.

The Pawn Shop knows me on a
first name basis what the banks
and the gov hasn't already taken.



posted on Sep, 22 2010 @ 01:46 PM
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reply to post by boondock-saint
 


40 million people are currently on food stamps in this country.

When the currency fails and those food stamps can no longer buy food, there will be open revolt.



posted on Sep, 22 2010 @ 01:49 PM
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i have been living in poverty ever since i could remember. i hope things do crash, i want my chance to thrive. it is my firm belief that we can only move forward as a species if we revert back to a survival of the fittest type of world where natural selection plays a large role in who survives. we have too many fat, stupid, and lazy people in the world and from a biological viewpoint they don't really deserve to live. this is why technology actually seems to hold us back as a species to an extent. if we continue to evolve alongside computers eventually we will be fused into one, and we will stop evolving as humans and begin to be something else.





edit on 22-9-2010 by 2weird2live2rare2die because: uh oh



posted on Sep, 22 2010 @ 01:51 PM
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Originally posted by unityemissions
No thanks.

I've been stocking up on sliver.




edit on 22-9-2010 by unityemissions because: (no reason given)



I think at that point in time more than silver and gold one will need a skill, knowledge and ingenuity most. Just my .2. A lot will be bartering when the currency calamity comes. Growing crops to barter for other things, etc. That is what I am talking about.



posted on Sep, 22 2010 @ 01:52 PM
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Originally posted by mnemeth1

Originally posted by unityemissions
reply to post by mnemeth1
 


All of that is in the works, but will still be a few years off. I honestly don't imagine that the system will collapse anytime in the next 24 months. After that, all bets are off!


We don't have two years.

We are lucky if we have 6 months.


I recall you saying pretty much the same thing about 6 months ago.




posted on Sep, 22 2010 @ 01:52 PM
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reply to post by 2weird2live2rare2die
 


Technology is what is going to save us.

You are totally off base.

Technology allows more goods to be produced more efficiently with less labor.

This frees up labor to do even greater productive tasks.

With enough technology, people would barely have to work at all and everything would be nearly free for the taking.



posted on Sep, 22 2010 @ 01:53 PM
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Originally posted by unityemissions

I recall you saying pretty much the same thing about 6 months ago.




Not true.

6 months ago I was saying we had between 9 moths to a few years left.



posted on Sep, 22 2010 @ 01:55 PM
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reply to post by mnemeth1
 


Good I am glad I went into technology...lol, plus I can grow crops as well, so I am covered all arounnd. I have no fear, I welcome this change.



posted on Sep, 22 2010 @ 01:56 PM
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Please cite your sources when posting content from other sites. Otherwise, it's considered plagiarism.
LINK TO ORIGINAL SOURCE





edit on 9/22/2010 by atlguy because: (no reason given)



posted on Sep, 22 2010 @ 01:58 PM
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Originally posted by atlguy
Please cite your sources when posting. Otherwise, it's considered plagiarism.
LINK TO ORIGINAL SOURCE




That's my blog.

Click on the "about" section to see my sig posted.



posted on Sep, 22 2010 @ 01:58 PM
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/facepalm...


Carry on, then and accept my sincere apologies.

This is a very interesting post and I am curious as to what YOU think the solution would be. If you were King, how would you get the nation over the hump? Would you eliminate consumer debt? Eliminate the Fed? Revamp the banking system? How?


edit on 9/22/2010 by atlguy because: (no reason given)



posted on Sep, 22 2010 @ 02:05 PM
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Originally posted by mnemeth1
reply to post by boondock-saint
 


40 million people are currently on food stamps in this country.

When the currency fails and those food stamps can no longer buy food, there will be open revolt.


Very nice!

Just a question... wouldn't this create what you want essentially, after all is said and done?

There will be no authority left -



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