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Author Topic: Future School: Real Economics (Get Smart Blog)  (Read 9968 times)

Luck

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Re: Future School: POVERTY BY SLOPPY THINKING (Get Smart Blog)
« Reply #45 on: June 23, 2017, 11:12:28 am »

(Continued from previous post)
ECONOMICS

Correcting Michael Hudson
https://monetarysov.wordpress.com/2017/05/02/correcting-michael-hudson/

[You seem to be expert, so I'll copy the following to the FreeStateProject forum. My questions and comments are in brackets.]

Crashes and depressions can be eased via increased government spending. However politicians want to reduce government spending (on things that help everyday people) in order to maintain mass slavery to the bankers.

Keep in mind that banks create credit (i.e. loans) out of thin air, just as the U.S. government creates dollars out of thin air. Financial bubbles consist of banks creating more and more credit out of thin air until the debt cannot be paid, at which point the bubble pops. This is how the “business cycle” operates. When an unmanageable debt load causes the “business cycle” to crash, the damage can be eased via government “counter-cyclical” spending. But neoliberals and their puppet politicians don’t want government spending. They want to keep us enslaved, even if it destroys the real economy. ...

(Quote) Steve Keen’s model shows that a long buildup of {private} debt creates the appearance of prosperity until the crash comes. And when the crash comes, voters blame the party in power, not the earlier promoters of nationwide {private} debt peonage. (End Quote)

Everyone is happy as long as the bubble is inflating [What bubble? Do you mean the increasing private debt? Why would borrowers be happy that their debt is increasing?]. Then Wall Street insiders bet that the bubble will pop, and they make it pop. In this way they make money on the inflation and on the deflation [How about explaining that too, how they make money both ways?], while the rest of us sink into a depression.

By 2008, the financial bubble was due to burst sooner or later. Therefore top-ranked insiders on Wall Street and in the US Treasury intentionally caused the financial bubble to burst by allowing Lehman Brothers to collapse. They had bet that the bubble would burst, and then they made it burst so they could collect a fortune. [It's not clear what a bubble is and what bursting a bubble is. Can you clarify?]

"The needed escape from the private debt deflation is a private debt write-down."

Coupled with a reversal of gratuitous austerity via a massive increase in U.S. government spending.

And now Hudson screws up… ...
{He spouts} NONSENSE. The only solution for the endless cycle of credit bubbles and crashes is to make all banks publicly owned. Banks are an essential public service, like police, fire departments, utilities, schools, prisons, and the military. No essential public service should ever be privately owned. ...

{Hudson spouts} MORE NONSENSE. Why give out money to pay the bankers? Why not break up the banks and make them all public? ...

It’s coming sooner or later. The neoliberal Empire cannot withstand the endless growth of the neoliberal debt cancer. Extinction is only a matter of time.

[I guess you're talking about private debt increasing as a cancer. What or who exactly will go extinct and how? Dave of X22 Report on Youtube says the big banks are ready to crash the economy & so is Trump, but Trump wants to start it up again on a sound footing, while the bankers want a sort of feudal system, I guess. Hudson predicts a slow "crash". Ellen Brown said anyone can start a bank. So is part of the solution to have local small governments start banks, making the local residents the owners? What's the solution to getting the military-industrial complex under the people's control so they stop war-mongering?]
« Last Edit: December 02, 2017, 10:42:18 am by Luck »
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Luck

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Re: Future School: POVERTY BY SLOPPY THINKING (Get Smart Blog)
« Reply #46 on: July 21, 2017, 12:22:12 am »

7552
ECONOMICS

(If I get time soon, I'll post some of the highlights from the following article. The statements seem to be similar to Elizabeth Harris's, whom I quoted above. The author below seems to regard Trump as corrupt, but, so far, it looks to me like Trump is helping clean up corruption.)

Monetary Sovereignty: The key to understanding economics
https://mythfighter.com/2010/08/13/monetarily-sovereign-the-key-to-understanding-economics/
« Last Edit: December 02, 2017, 10:41:48 am by Luck »
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Luck

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Re: Future School: Russia's Putin (Get Smart Blog)
« Reply #47 on: July 30, 2017, 11:40:52 pm »

7714
HISTORY

Putin may be falsely accused, just as Trump is
Assassination of Anna Politkovskaya https://en.wikipedia.org/wiki/Assassination_of_Anna_Politkovskaya
On 10 October 2006, 2,000 demonstrators called Putin a "murderer" during his visit to Dresden, Germany.[25][26][27] Putin replied: "This journalist was indeed a sharp critic of the present Russian authorities...but the degree of her influence over political life in Russia was extremely insignificant. She was well-known in journalistic circles, among human rights activists, in the West. I repeat, her influence over political life in Russia was minimal.[28] And in my opinion murdering such a person certainly does much greater damage from the authorities' point of view, authorities that she strongly criticized, than her publications ever did."[29][30][31]

https://www.theguardian.com/world/2017/feb/22/vladimir-putin-killer-genius-kleptocrat-spy-myths
When most people accuse Putin of killing “journalists and political opponents”, they mean Politkovskaya, killed in 2006, and the opposition leader and former deputy prime minister Boris Nemtsov, killed in 2015. Allegations that Putin was behind the killing of Politkovskaya and Nemtsov do exist – but very few people with knowledge of the cases believe them. What they do believe is that Politkovskaya and Nemtsov were killed by associates of Ramzan Kadyrov, the violent dictator of Chechnya. In the Nemtsov case, the evidence for the involvement of people close to Kadyrov is overwhelming. In the Politkovskaya case, it is more circumstantial (and with Politkovskaya there is considerable evidence of other efforts to harm her, including an earlier poisoning attempt that looked more like a government operation), but still the most likely scenario. And yet Kadyrov’s involvement does not absolve Putin, because Kadyrov works for Putin.

Christian persecution
https://relevantmagazine.com/article/putins-war-on-christianity-is-the-russia-issue-that-cant-be-ignored/
One of Putin’s most recent controversial moves happened in July 2016 when Putin signed a set of laws, known as the Yarovaya laws, billed as anti-terrorism that banned evangelizing outside of designated religious locations. Based on the law, which has already resulted in religious figures being arrested, inviting friends or strangers to church in any way would be subject to criminal punishment. The laws would require foreign missionaries to have a permit from Russian officials to even speak at a church.
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Luck

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Re: Future School: Org vs Corruption (Get Smart Blog)
« Reply #48 on: August 30, 2017, 12:11:27 pm »

8186
POLITICS

Represent Us
You should join Represent.Us: https://represent.us/ against corruption.
Here are their Wins: https://represent.us/our-wins/
They're fairly non-partisan. They have some videos that explain how corruption works and how to reduce or end corruption.

They favor the Anticorruption Act: https://anticorruptionact.org/whats-in-the-act/
That act seems pretty good, but it doesn't cover prevention of hacking voting machines etc.

They have chapters throughout the country. You can join one, or start a new one closer to you.

I signed this (only one week left): Petition Supreme Court to end partisan gerrymandering
https://act.represent.us/sign/scotus-gerrymandering/

Represent.US favors, as do I, Ranked Choice Voting To End the 2 major political parties' stranglehold on our elections and prevent the Spoiler Effect that lets major party candidates win with only 34% of the vote
See https://act.represent.us/sign/ranked-choice-voting

Pedophilia
Suppressed TV Documentary on Reagan Era Pedophilia Coverup
https://www.youtube.com/watch?v=38FPi5-4g7A

« Last Edit: December 02, 2017, 10:55:53 am by Luck »
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Luck

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Re: Future School: Org vs Corruption (Get Smart Blog)
« Reply #49 on: October 21, 2017, 09:31:32 pm »

Social Media & Cell Phones are Dumbing Young People Down Bigtime
https://www.youtube.com/watch?v=-NOZ94iyKYM
https://www.youtube.com/watch?v=1jD-xkbYMss

POLITICS

Agenda 21
(I'm moving this article I initially posted on Feb 10, 2013 from the Taxes thread.)
(Well, I heard about Agenda 21 last spring or so. I'm a little slow. It looks like I'm slow again, as this seems to have been discussed two years ago on the Daily Paul Forum. But the issue seems very important, if it's true. And it looks offhand like it is. - Luck)

Foreign Trade Zones Across America
http://unmasker4maine.wordpress.com/2013/02/10/foreign-trade-zones-across-america/

“This is an urgent message! Read this and spread the word! 257 Foreign Trade Zones across America. This is unbelievable at first, but you will soon realize that there are several motives for the global communists to physically weave our United States territory together with communist China. Here’s what is going on!”

“Each and every one of our state governors has approved and allocated a certain amount of acres of their U.S. state land to be inhabited by Chinese communists –communists straight from China! They are to set up little towns and live here, supposedly for the purpose of producing Chinese products for sale in the U.S.A. The land the states are giving them for their little towns will be considered “foreign territory”!!! We are told that the laws of the state (in which these Chinese communists dwell) will apply to the communist Foreign Trade Zone (FTZ). Comment: If so, why are they allowed in here!??! Isn’t the whole set up unlawful??? There are 257 of these little communist towns to be built all over the United States.”

257 Foreign Trade Zones across America
Submitted by strikeforce on Mon, 01/24/2011 - 14:14
in Daily Paul Liberty Forum

This is an urgent message! Read this and spread the word! Subject: Foreign Trade Zones. This is unbelievable at first, but you will soon realize that there are several motives for the global communists to physically weave our United States territory together with communist China. Read On! Here's what is going on!
Each and every one of our state governors has approved and allocated a certain amount of acres of their U.S. state land to be inhabited by Chinese communists --communists straight from China! They are to set up little towns and live here, supposedly for the purpose of producing Chinese products for sale in the U.S.A. The land the states are giving them for their little towns will be considered "foreign territory"!!! We are told that the laws of the state (in which these Chinese communists dwell) will apply to the communist Foreign Trade Zone (FTZ). Comment: If so, why are they allowed in here!??! Isn't the whole set up unlawful??? There are 257 of these little communist towns to be built all over the United States. Go to this website and see the list of the states, and how many FTZ's are to be erected in each and every state! Our nation is being peppered all over with these communist closed towns called "zones"! This insane brainstorm by Washington, D.C. officials was just recently discovered by alert citizens in the State of Idaho, where an FTZ is being built there, just south of Boise, Idaho, possibly 30,000 acres of Idaho is going to be used for that FTZ. Check this site quickly before it is removed:

http://ia.ita.doc.gov/ftzpage/letters/ftzlist-map.html

When you get to this website, be prepared by having enough paper to print 40 pages, listing all the FTZ's to be built over the whole United States! 257 of these FTZ's! It is absolute insanity!! How gullible are we??? The excuse given for creating communist towns all over our nation is that these Chinese people will produce products for sale in the United States, and the FTZ will eliminate overseas shipping costs of the products they create! A bizarre excuse!!! Can't we manufacture our own products anymore with American workers? How foolish are we to allow this??? Remember the hard-learned lesson taught to gullible people back in ancient times, when the Trojan Horse was built and they pulled it past their protective gates??? Do we Americans look THAT STUPID to the Chinese and to our Washington,D.C. leaders???

It will not mean jobs for Americans. All the help will be Chinese! Besides, it is to be classed as "foreign territory", remember! You won't know what is really going on inside the enclave. Is there any danger for Americans to allow this? What do you think?!!!

It is a known fact that China has been preparing for war against the United States! Many guns are pointed at us. Why should these FTZ's be allowed??? What is the real reason?? Is it that Washington, D.C. needs foreign help to disarm American citizens (who have privately-owned firearms) so that the federal administration can comply with Public Law 87-297, signed into law by J.F. Kennedy for "general and complete disarmament of the United States"? It is a law continually financed by Washington, D.C. That's the law that calls for us to have no more army, no more navy, and no more air force, all of which is to be transferred over on a permanent basis to the communist-dominated United Nations! That law also prohibits all firearms from being owned by American citizens!

Without firearms, there will be no more liberty, freedom, or justice in government. Guns are the main core of the check and balance system. Our nation's founders realized that firearms in the possession of the people are the indispensible safeguard upon which all of the other rights in the "Bill of Rights" depend! That's why the Second Amendment was meant to be honored, treasured, and preserved!

Some people are wondering if the American land in these FTZ's is being given as collateral for the huge debt we owe to China? Some people are asking: "Does China own us and is our land collateral in case we don't pay the debt?" China is allowing American businesses to get established in China as FTZ's. Americans must build the structures in China, and they must employ all Chinese people to do the work in what is built there. After a short amount of years, the Americans must vacate, leave the buildings and let the Chinese keep the technology and the active operation as on-going. What this amounts to is transferring American technology and management to communist China.

FTZ's are also known as SEZ's (Special Economic Zones) Please relay this information to all your friends. Someone has to answer for this on state and federal levels! What a set-up for sabotage, espionage, and a study on how to take over the whole United States in a war! Because the newspapers and other media are controlled, they will not be reporting on this unless there is a great public outcry. Remember when being a communist was a punishable crime in the U.S.A. My, how we have changed! Complete reversal. Best to take this information to local public officials as well as all your contacts. Please do not delay spreading this information. Check with Idaho Eagle Forum also for updates http://www.eagleforum.org/
Similar Subjects (Sometimes)

EB-5 Visas: Deconstructing the Sovereign United States 2/8/11
http://www.dailypaul.com/156503/eb-5-visas-deconstructing-the-sovereign-united-states%3Fpage%3D1&sss=1
« Last Edit: November 23, 2017, 02:20:28 pm by Luck »
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Luck

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Re: Future School: Org vs Corruption (Get Smart Blog)
« Reply #50 on: November 21, 2017, 02:46:19 pm »

« Last Edit: December 13, 2017, 09:35:01 am by Luck »
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Luck

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Re: Future School: Real Economics (Get Smart Blog)
« Reply #51 on: December 08, 2017, 02:45:07 am »

ECONOMICS HISTORY

"Worthless” dollars (that Ended the Great Depression)
https://monetarysov.wordpress.com/2017/11/26/worthless-dollars/

... During the 1920s, big Wall Street financial firms became over-leveraged. They became too indebted to each other. The collapse of key institutions caused a chain reaction that spread to other institutions. In 1932 the U.S. government passed the Glass–Steagall Act to separate commercial and investment banking, and thereby prevent another crash. In 1999 the U.S. government repealed Glass–Steagall, which led to the crash of 2008.
_Back in the 1930s the crash of the Wall Street firms did not affect Main Street as badly as most people believe. (Main Street meaning the real economy, as opposed to Wall Street and the financial economy.) By 1936 the real economy was almost back on track. Roosevelt’s New Deal was working. Production, profits, and wages had regained their 1929 levels.
_This infuriated the rich financiers, who saw themselves as gods (just as they do today). “How dare the U.S. government take control of the economy? That’s our job! The government is actually reducing unemployment!”
_Right-wing “free market” neoliberals started whining that the New Deal was killing their profits, and “bankrupting” the U.S. government. They began a mass propaganda campaign saying that the U.S. government ran on loans and on tax revenue. They used a combination of bribes and threats to make their puppet politicians and the corporate media outlets start demanding a balanced federal budget. Joining the chorus was U.S. Treasury Secretary Henry Morgenthau Jr.
_Roosevelt tried to fight back, but in 1937 the U.S. Congress cut deficit spending to zero, which caused a severe recession. Wages, employment, and manufacturing plummeted. Millions of Americans lost their jobs, their homes, and their farms. Industrial production declined almost 30 percent. Durable goods production fell even faster. The Dust Bowl made conditions worse still in the Midwest.
_This delighted the financiers and “free market” neoliberals. Meanwhile the corporate media outlets brainwashed the public to blame their suffering on Roosevelt. “See? This is what happens when the government goes socialist!”
_Wikipedia gets the following part correct…
In November 1937 Roosevelt decided that big business was trying to ruin the New Deal by causing another depression that voters would react against by voting Republican. Roosevelt called it a capital strike, and he ordered the Federal Bureau of Investigation to look for a criminal conspiracy.
_A capital strike is when owners withdraw capital from a company in order to get concessions from workers. A labor strike is when employees withdraw work from a company in order to get concessions from owners.  In the USA, gratuitous austerity is a nationwide capital strike perpetrated by the federal government.
_Roosevelt unleashed a rhetorical campaign against monopoly power, which he said was the cause of the new crisis. Ickes* attacked automaker Henry Ford, steelmaker Tom Girdler, and the super-rich “Sixty Families” who comprised an industrial oligarchy. (*Harold L. Ickes was U.S. Secretary of the Interior from 1933 to 1946, and was responsible for implementing much of President Franklin D. Roosevelt’s “New Deal.”)
_Left unchecked, Ickes warned, the oligarchs would create “big-business Fascist America — an enslaved America.” Roosevelt appointed Robert Jackson as the aggressive new director of the antitrust division of the Justice Department, but this effort lost its effectiveness once World War II began and big business was urgently needed to produce war supplies. But the Administration’s other response to the 1937 dip that stalled recovery from the Great Depression had more tangible results.
_Ignoring the requests of the Treasury Secretary Morganthau, and responding to the urgings of Keynesian economists and others in his administration, Roosevelt embarked on an antidote to the depression, abandoning his efforts to balance the budget and launching a $5 billion spending program in the spring of 1938 in an effort to increase mass purchasing power. Roosevelt explained his program in a fireside chat in which he told the American people that it was up to the government to “create an economic upturn” by making “additions to the purchasing power of the nation.”
_Today you would never hear anyone say that. Today everyone claims that the U.S. government is “bankrupt.” Republicans claim it in order to attack social programs that help average Americans. Democrats claim it at the behest of their rich owners, and also so that Democrats can pretend to be our “only protection” from Republicans. And average people claim it for various reasons that I have discussed in other blog posts.
_In connection with this,  see the following cartoons about “printing money.” Then I want to comment on them.
_These cartoons are stupid. On one hand, people believe the lie that money is physical and scarce. On the other hand, people complain that the U.S. government (or the Fed) is creating too much money out of thin air. One cartoon above shows Obama (i.e. the U.S. government) printing too much money. Two other cartoons show the Fed doing it — as though money created out of thin air is “worthless.”
_So which is it? Is there no money? Or is there too much money? If money is “worthless,” then why are we all so desperate to get more of it?
_Confusion and self-contradiction are part of what I call the peasant mind-set, or the slave mind-set.
_Put more bluntly, most people are peasants because, collectively speaking, they are bullshitters.  They bullshit themselves and each other.  Money is scarce, yet money is too plentiful. That’s bullshit.
« Last Edit: December 13, 2017, 09:30:38 am by Luck »
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ThomJeff

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Re: Future School: Real Economics (Get Smart Blog)
« Reply #52 on: December 09, 2017, 11:29:58 pm »

I have a very sneaky suspicion I know what the response to this will be but....

Many of your sources for your various thoughts are...dubious.
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Luck

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Re: Future School: Real Economics (Get Smart Blog)
« Reply #53 on: December 13, 2017, 09:27:29 am »

ThomJeff, you have no data and thus no argument.
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