King Donald

King Donald
America’s first king since George III?

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Long may it wave

FACTS NOT FASCISM

FACTS NOT FASCISM

Friday, September 04, 2015

Here In My Little Corner of the Web

...any step toward financial responsibility is better in the long run, but it could be devastating in the short run. Since money printing and government borrowing are the only real drivers of economic growth right now, giving them up would trigger the market cliff very quickly, and put us in deep financial turmoil. However, it would also bring us one step closer to working our way out of the mess. We don't have much faith that will happen, though. No politician wants to be blamed for a tanking economy, which is what will certainly happen to sitting elected officials—right or wrong—when we hit the cliff.
                                                            -- Aftershock Publishing


The upshot of this statement is that the profit system is unable to provide for solid, sustainable growth either in the short-term or the long-term.  We can count on down-turns in the short-term.  We have just seen one.  And various experts are absolutely convinced there will be a major down-turn eventually due to the nature of the foundation of our economic growth, which is money printing -- a bubble economy, in other words.

This is the hidden message in passages such as the one above.  Of course, it seems almost impossible for anyone to come right out and say that the profit system is finished.  Even Bernie Sanders can't utter those words.  (He might want to, but he cannot do so politically.)

Fortunately, here in this little corner of the World Wide Web, I can say it -- boldly and with confidence.  For my view is based on years of experience and quite a bit of research as well.


                                                                                       

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