“printing off $22 trillion (I would hope) would cause the currency markets to crash (indicating there’s at least some sanity left in this world). But here’s where the juicy irony lies. We just almost quadrupled the money supply under Obama/Yellen/Bernanke.
I ask you one simple question:
Where did all that money go?
If you look at the federal reserve balance sheet and the federal budget this newly minted money went to the following places:
1. Bailing out unprofitable banks
2. Bailing out other unprofitable financial firms
3. Bailing out unprofitable people who borrowed more than they could afford
4. Bailing out people either via welfare, EBT, social security, etc., ie – parasitic people who do NOT produce a net positive economic production
5. Wars/military (where in once again, the purpose of the military is to destroy things, not make a profit)
6. Forcing the tax payer to bail out millennials from their worthless, idiotic degrees (oops, wait, that hasn’t happened…yet)
In other words, NOT ONE PENNY was an actual investment as you expect to get a positive return on investments. These were expenditures on money losing operations, money losing people, money losing wars, and the just plain losers, degenerates, and scum of our society. There was no hope of profits, earnings, dividends, cash flow, or capital gains. It was simply a pissing away of money.
When you realize this you’ll see my plan is INFINITELY more sound, logical, and sane because there’s an actual profit at the end of this $22 trillion investment. And that’s the key word – it’s an investment. If markets are as sane as they are now, and consistent, the dollar should (ironically) SURGE compared to other country’s currencies because unlike Greece, Japan, Europe, Brazil, and nearly every other country we wouldn’t be bailing out our country’s losers, but investing in global winners.”
The neat thing about quadrupling the money supply is the coming inflation. It was only Obama’s deflationary economy that kept us in balance. Quadrupling the money supply by printing money means that the US government stole 3/4 of the cash of its citizens. And they will likely vote the Democrat thieves back into power.
No worries, it will come to an end eventually.
Sure as night follows day. its not going to be pretty and its not too far away.
True investment increases output and is impossible without profit/growth in value and savings. Government has no wealth, it’s only power is taxation.
Progressivism uses coercive confiscation and tolerates the “rich” for the express purpose of milking them and blaming them for statist failure.
Government “investment” is counterintuitive because it takes from productive endeavours to give to unproductive, reducing national output & income.
Advocating social justice virtue or motive is irrelevant to this effect; so government, unless it is limited in scope, can only increase poverty.
Transactions of decline never, never benefit an economy or prosperity or liberty, beyond the basic provision of services to aid civil society.
While prosperity may or may not “trickle down,” big government, especially when it imposes inescapable taxation like carbon taxes, causes a waterfall of misery that, if left unchecked, will apply to all of society, not just the poorest, except for the gilded establishment class protected from the great unwashed and their laws via their gated communities and co-opted justice, education and media elites.
This is globalism truly represents. The global standard is despotism and poverty. This is Haiti. Is this “what Americans want?” I didn’t think so.
Kate
O/T but will sound familiar
http://joannenova.com.au/2016/10/us-donors-funding-shut-down-of-australian-mines-ports-and-rail-coordinated-by-hillarys-right-hand-man/#comment-1849585
Sadly, America is now only good at 3 things: losing wars against primitive tribal savages, obesity, and spending other peoples’ money…
The rest of us are figuring this out.
And worse, in exchange for the bailouts, almost nobody responsible was fired. The thieves and incompetents are still in charge.
“5. Wars/military (where in once again, the purpose of the military is to destroy things, not make a profit)”
National Security Fun Fact: It will take Hillary as little as FOUR minutes to launch nukes at Moscow the next time she thinks they hacked her e-mails!
For 8 years or so, since 2008, some have predicted an inevitable inflation. It hasn’t come.
I suggest that “Captain Capitalism” leave the 19th century and bring himself into the modern world; circa 1937. Then, maybe, we can have the start of an intelligent conversation.
“Sadly, America is now only good at 3 things: losing wars against primitive tribal savages,” Bdsm
Are we at war, or are we been conned…. ISIS has 2000 defenders and we can’t seem to find them… The rules of engagement must have a MAX Profit for SID (Hillary’s buddy).. A platoon made up of PEP Boys sales assistants with grease guns would clean them out.
JMHO
I am not wealthy enough to hedge against the coming disaster. I have some silver and some cash but I do not think there will be anything to buy with it.
Dave, I think you’ve got it. Almost there. It isn’t just the sneaky, behind the scenes underhandedness or the nepotism. It isn’t just that the “Rules are for thee, but not for me.” Hillary is the poster child. It isn’t just about the top heavy, regulatory state serving the entrenched interests, and favored Special Interests, and suppressing growth.
In addition,it is a big cost shifting scam involving K Street, the government, media, even accademia, foundations, NGOs etc. They get all the gain, but they offload the pain, by shifting the cost of their failures and misadventures onto the public. IOW they privatize the gain, but socialize the pain.
Whatever this is, it isn’t capitalism.
Dave, I think you’ve got it. Almost there. It isn’t just the sneaky, behind the scenes underhandedness or the nepotism. It isn’t just that the “Rules are for thee, but not for me.” Hillary is the poster child. It isn’t just about the top heavy, regulatory state serving the entrenched interests, and favored Special Interests, and suppressing growth and undermining competitiveness.
In addition,it is a big cost shifting scam involving K Street, the government, media, even accademia, foundations, NGOs etc. They get all the gain, but they offload the pain, by shifting the cost of their failures and misadventures onto the public. IOW they privatize the gain, but socialize the pain.
Whatever this is, it isn’t capitalism.
OWG,
Invest some of your money in a months supply of storeable food that you normally eat. Soup, canned fruit and vegetables, etc. Look for sales and buy a few extra cans cheap. Add a few cases of bottled water. Rotate it through the pantry and your GI tract. Talk to your doctor about getting an extra month of prescriptions, or just refill every 27 days and save up the extra. Add a few weapons, and lots of ammo, as in 200-500 rounds each. Make sure you have cash on hand, like $200 or more in emergency cash.
You will be light years ahead of 90% of people. It won’t last for years, but you will be relatively safe if things go pear shaped for a few days or weeks. And keep quiet about it!
I have a food supply and water and adequate self defence but no one can have enough of everything. sooner or later people will discover that you are not suffering enough and will come in force to take what you have even if there is only enough for one day for dozens of people.
I have a cheaper plan
It involves building guillotines and arresting all politicians