Announcement

ATG
Banned
+5,233|5911|Global Command
Is Obama a tool?

The first modern Great Depression was in 1873.

The second was in 1929. Some are calling this cycle we are in now as the third.

Read now this brief excerpt;
There were multiple causes for the first downturn in 1929, including the structural weaknesses and specific events that turned it into a major depression and the way in which the downturn spread from country to country. In relation to the 1929 downturn, historians emphasize structural factors like massive bank failures and the stock market crash, while economists (such as Barry Eichengreen, Milton Friedman and Peter Temin) point to monetary factors such as actions by the US Federal Reserve that contracted the money supply, and Britain's decision to return to the Gold Standard at pre-World War I parities (US$4.86:£1).

By mid-1930, interest rates had dropped to low levels, but expected deflation  and the reluctance of people to add new debt by borrowing, meant that consumer spending and investment were depressed.[12]  In May 1930, automobile sales had declined to below the levels of 1928. Prices in general began to decline, although wages held steady in 1930; but then a deflationary spiral started in 1931. Conditions were worse in farming areas, where commodity prices plunged, and in mining and logging areas, where unemployment was high and there were few other jobs. The decline in the US economy was the factor that pulled down most other countries at first, then internal weaknesses or strengths in each country made conditions worse or better.
http://en.wikipedia.org/wiki/Great_depression


The stage was set by, or under, Richard Nixon for what we are experiencing now. Under his watch the shit economy blamed on Carter was bred. It was called The Nixon Shock.
http://en.wikipedia.org/wiki/Nixon_Shock

It created a economy that's value was based upon an agreement. Debt with no actual collateral. Fiat based currency the bankers call it.

Now, as spending by consumers is curtailed like never before we will enter into a financial tailspin the likes of which the world has never seen.


Hear me out;
' I've polled all my friends who own small businesses -- many of them in the Internet and high-tech fields. They all agree that in this new Obama world of high business taxes, income taxes, payroll taxes, capital gains taxes, and workers compensation taxes, the key to success is to avoid employees. The only way to survive as a business owner today is by keeping the payroll very low and by hiring only independent contractors or part-time employees provided by temp agencies.

The days of jobs in the private sector with big salaries, full benefits, and pensions are over. We've all seen where those kinds of jobs get you as a business owner -- in Bankruptcy Court or surviving on government welfare like GM and Chrysler. Or in the case of government itself -- completely insolvent, but surviving by ripping off taxpayers and fraudulently running printing presses at the Fed all day and night to print money by the trillions.

Unfortunately, small businesses don't have the power to impose taxes or print money. So unlike government, we'll just have to cut employees and run lean and mean. '


It gets worse. Two things are obvious; periodically the politicians and or bankers get together and decide to pull shenanigans with the coinage and we all get fucked.









Then comes war. The exploitation of 2012. A one world government.

Fifty or so years from now that NWO will collapse into civil war, with no doubt a Goldman Sachs funding all sides.

The point is, my version of anarchy, wherein we revolt and start over at least allows a chance for prosperity and real freedom. What we are being offered now is a continuing cycle of death, poverty and misery that is all planned, timed and coordinated.




 



https://www.maxlove.co.uk/images/Knigh015.GIF

The Minter
Once upon a time there was a kingdom.
The people were content with their crops and trade. The King paid his guards in good coin minted at the castle. They didn't go off to raid and pillage, just defended the kingdom and produced goods they traded. Then one day the King died and his son had to take over. The Prince had never known anything but peace and prosperity. He decided to let his cousin mint the coin and manage the transactions of the kingdom. After a generation the Minter informed the King that his coffers were empty and that an invading army threatened him with spies. The Minter agreed to loan the King some coin for mercenaries. Then he heard the crops had failed, the water was short, the people were sick. Once again The Minter offered coin and a small interest fee to solve these problems. The King saw no choice because he was told his kingdom was bankrupt without the control and intervention from the Minters.
Spies whispered to the King that the Minters were also loaning coin to the invading army as well. Then came the Black Death,  and only The Minters in their fortresses in far away secured places survived, for a while until they too eventually died because the did not know how to grow crops.



http://tpmlivewire.talkingpointsmemo.co … -alone.php
http://www.lvrj.com/opinion/barack-obam … 58294.html

Last edited by ATG (2010-07-05 11:20:14)

Harmor
Error_Name_Not_Found
+605|5930|San Diego, CA, USA
The midterm elections will go a long way to stop this.  The party of "No" will stop the party of "Change", I believe.  Let us just hope there's enough conservatives elected to stop most of this.

I also believe Obama is purposefully trying to take this country down a notch.  The Great Community Organizer is slowing argubly the greatest economic engine in the world over his statist ideas.

Hopefully there's enough of us producers left to change the direction of this country, otherwise we're headed into another depression - economists are already predicting a second recession of -2.2% growth in 2011 and there's no prospect of it getting better if things don't "change" for the better.

Perhaps the new slogan conservatives should use in this election should be, "Change that believes in you!"
ATG
Banned
+5,233|5911|Global Command
You didn't get it.

read again
Harmor
Error_Name_Not_Found
+605|5930|San Diego, CA, USA
I don't believe we need to 'start over'...I still think we can salvage this ship.  Yeah it few holes and taking on water, but not ready to go down without a fight.
Kmar
Truth is my Bitch
+5,695|5983|132 and Bush

Xbone Stormsurgezz
unnamednewbie13
Moderator
+1,987|6154|USA

ATG wrote:

The stage was set by, or under, Richard Nixon for what we are experiencing now. Under his watch the shit economy blamed on Carter was bred. It was called The Nixon Shock.
http://en.wikipedia.org/wiki/Nixon_Shock
Also from wikipedia:

David McNally is a Professor of political science at York University in Toronto, Ontario and chair of the university's political science department.[1]

He is also a founder and former member of the International Socialists and a founding member of the New Socialist Group.
Poseidon
Fudgepack DeQueef
+3,253|5920|Long Island, New York

Harmor wrote:

The midterm elections will go a long way to stop this.  The party of "No" will stop the party of "Change", I believe.  Let us just hope there's enough conservatives elected to stop most of this.

I also believe Obama is purposefully trying to take this country down a notch.  The Great Community Organizer is slowing argubly the greatest economic engine in the world over his statist ideas.

Hopefully there's enough of us producers left to change the direction of this country, otherwise we're headed into another depression - economists are already predicting a second recession of -2.2% growth in 2011 and there's no prospect of it getting better if things don't "change" for the better.

Perhaps the new slogan conservatives should use in this election should be, "Change that believes in you!"
lol, you honestly believe a few republicans getting elected is going to save the country.

I'd say it's the funniest thing I've heard politically, but unfortunately I've heard much worse.
ATG
Banned
+5,233|5911|Global Command

unnamednewbie13 wrote:

ATG wrote:

The stage was set by, or under, Richard Nixon for what we are experiencing now. Under his watch the shit economy blamed on Carter was bred. It was called The Nixon Shock.
http://en.wikipedia.org/wiki/Nixon_Shock
Also from wikipedia:

David McNally is a Professor of political science at York University in Toronto, Ontario and chair of the university's political science department.[1]

He is also a founder and former member of the International Socialists and a founding member of the New Socialist Group.
I forget is David McNally quoted somewhere in my OP??
Dilbert_X
The X stands for
+1,784|5488|eXtreme to the maX
Erm, this started under Bush.
Русский военный корабль, иди на хуй!
ATG
Banned
+5,233|5911|Global Command

Dilbert_X wrote:

Erm, this started under Bush.
Dude...


" a central bank is a greater threat than a standing army..."



ah, nevermind.
unnamednewbie13
Moderator
+1,987|6154|USA

ATG wrote:

unnamednewbie13 wrote:

ATG wrote:

The stage was set by, or under, Richard Nixon for what we are experiencing now. Under his watch the shit economy blamed on Carter was bred. It was called The Nixon Shock.
http://en.wikipedia.org/wiki/Nixon_Shock
Also from wikipedia:

David McNally is a Professor of political science at York University in Toronto, Ontario and chair of the university's political science department.[1]

He is also a founder and former member of the International Socialists and a founding member of the New Socialist Group.
I forget is David McNally quoted somewhere in my OP??
It's in your wiki link, or didn't you read it?
11 Bravo
Banned
+965|4619|Cleveland, Ohio
oh jesus newbie......you can follow any wiki link to anything...kind of like kevin bacon.

it was in a different section anyway.

Last edited by 11 Bravo (2010-07-05 17:56:19)

unnamednewbie13
Moderator
+1,987|6154|USA

11 Bravo wrote:

oh jesus newbie......you can follow any wiki link to anything...kind of like kevin bacon.

it was in a different section anyway.
Wasn't rocket science, tbh:

http://en.wikipedia.org/wiki/Nixon_Shoc … ifications

Just thought it an interesting coincidence.
Spark
liquid fluoride thorium reactor
+874|6057|Canberra, AUS

unnamednewbie13 wrote:

11 Bravo wrote:

oh jesus newbie......you can follow any wiki link to anything...kind of like kevin bacon.

it was in a different section anyway.
Wasn't rocket science, tbh:

http://en.wikipedia.org/wiki/Nixon_Shoc … ifications

Just thought it an interesting coincidence.
On that note, I find it quite fascinating that ATG is advocating almost exactly what has been advocated by the more extreme Marxists for decades now. With similar justifications too.
The paradox is only a conflict between reality and your feeling what reality ought to be.
~ Richard Feynman
Turquoise
O Canada
+1,596|5787|North Carolina

Kmarion wrote:

http://www.amazon.com/How-Capitalism-Will-Save-Us/dp/0307463095
I think that book should instead be titled, "How Globalization Is What Will Continue to Be Forced Upon You by the Ruling Class whether You Like It or Not"

Granted, I realize that's a rather long and clunky title.

There's not much point in outrage or conspiracy theories when reality is pretty clear and straightforward.  People with money will use it to make more money regardless of the ethical issues involved, and the majority of labor is expendable.  Jobs will increasingly go to the lowest bidder, but of course, the lowest bidder continually changes over time.  Right now, we're expensive people to hire.  In about 20 to 30 years, we'll be much cheaper to hire due to a fall in the standard of living.  So then, we'll see a rise in job growth again.  For now, we're just going to be kicking and screaming on the way down to a Second World lifestyle -- along with a lot of the rest of the First World as well.

In the meantime, the wealth gap will grow between the rich elite and the rest of us.  National borders will mean less over time, and class differences will become the main divisions in society throughout the world -- even more than they already are.
Hunter/Jumper
Member
+117|5736

Dilbert_X wrote:

Erm, this started under Bush.
what the Fannie Mae Freddie Mac collapse, that started it all. . .
Dilbert_X
The X stands for
+1,784|5488|eXtreme to the maX
Well it wasn't Obama.

The system is set, capitalism.

Endless growth, endless accumulation of power and money by ever fewer people.
Русский военный корабль, иди на хуй!
RAIMIUS
You with the face!
+244|6097|US
Obama can't do everything.

There are definitely structural and non-governmental elements at play.  The real question is, "Is he (and the rest of the gov.) doing what it should to better the nation in the long term?"
specialistx2324
hahahahahhaa
+244|6071|arica harbour
this may be ill contrived but after being a citizen in the US for 20+ years i learned one thing: the rethuglicans cause the problem and the democrats do very little to fix a problem.
ATG
Banned
+5,233|5911|Global Command
I THINK ABOUT 3% OF YOU ARE INTELLIGENT ENOUGH TO UNDERSTAND THE op.
oug
Calmer than you are.
+380|5901|Πάϊ

Turquoise wrote:

class differences will become the main divisions in society
There never was any other form of division.

So atg what are you suggesting exactly?
ƒ³
RTHKI
mmmf mmmf mmmf
+1,724|6119|Oxferd Ohire

ATG wrote:

I THINK ABOUT 3% OF YOU ARE INTELLIGENT ENOUGH TO UNDERSTAND THE op.
or bothered to read it
https://i.imgur.com/tMvdWFG.png
ATG
Banned
+5,233|5911|Global Command

oug wrote:

Turquoise wrote:

class differences will become the main divisions in society
There never was any other form of division.

So atg what are you suggesting exactly?
That in every preceding global financial calamity there has been somebody jacking with the economy and that it predictably triggers depressions. The coinage act of 1878, the crash of 29, the nixon shock and now tarp and bailouts and selling junk securities to others around the globe. All of the shenanigans have been American exports.

Flash forward to today; we are heading into a massive depression and the puppet masters have a easy scapegoat in Obama.
Its  a trap.
oug
Calmer than you are.
+380|5901|Πάϊ
Judging by the measures imposed in Greece atm I'm positive there is no intention of avoiding a depression - much the opposite really, the measures facilitate and speed up the coming of an even deeper crisis.

What I don't see is a way out of this mess.
ƒ³
Harmor
Error_Name_Not_Found
+605|5930|San Diego, CA, USA

oug wrote:

Judging by the measures imposed in Greece atm I'm positive there is no intention of avoiding a depression - much the opposite really, the measures facilitate and speed up the coming of an even deeper crisis.

What I don't see is a way out of this mess.
Maybe I'm too idealistic, but I believe we can pull outselves out of this mess.  We did it after the depression and we did it after Carter.

I believe we are going to need a real Conservative in the White House.  The first step would be for us to elect enough conservatives into the House and Senate to stop Obama's Marxist doctrine.  We won't be able to overturn things like Obamacare or some of the stuff they have done so far because he'll just veto it, so it won't be until 2012 until we'll have a chance.

Alot of this depends on the type of people we elect this November.  If the Democrat's stay in power then we're screwed.

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