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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (144721)	8/1/2014 7:01:56 AM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

There are plenty of top economists in the world who think Keynesianism doesn't work. It's kind of like the oil companies. They have a vested interest in debunking climate change science. So we get a lot of confused people who don't know what to believe, because of the propaganda that is put out by the oil companies who have the money to blast their message with a megaphone. It doesn't make the climate change deniers right, but now the majority of Americans don't believe climate change is a real problem. Same thing goes with Keynesians. The developed world is highly in debt and running massive deficits to cover their aging populations' retirement and health care costs, as well as the unaffordable welfare states they have created. Here in the US, we have the additional burden of a ridiculously oversized military and spy apparatus. The government understands that none of that is sustainable. So they need the masses to believe Keynesiansim works, because they use it to engage in stealth taxation of the people to pay for all of these things. Money printing and low interest rates aren't free. All that does is pull forward demand, destroy purchasing power, and lessen the burden of deficits and debt through inflation. What difference to you does it make if you are taxed or your money is devalued? It's the same thing. If yesterday you could by two loaves of bread and now you can only buy one because they taxed you at 50%, then isn't that the same as when they devalued your currency by 50%, and as a result prices rose by 100%, leaving you with only enough purchasing power to buy 1 loaf of bread? Same damned thing. It's called stealth taxation and it hurts the 99% the most. If you read your history, this is why some of our Founding Fathers were so against central banks and monetary devaluation. They decried it as a "dishonest tax". I believe it was Thomas Jefferson who said that if our government wants to tax us, they they should do so honestly, through raising taxes through Congress, not through running up debt and monetary devaluation. He also said banks are more dangerous to our liberties than standing armies, because through their power to issue currency, they devalue a person's lifetime savings and create a debtor nation. Turns out he was right. What's happening now is that our country is going into so much debt that it will never be paid off. The interest on it is enormous. The SS and Medicare obligations we have are also unpayable over the long run. So the only way to meet these obligations is an increasing amount of redistribution of wealth, which requires an erosion of property rights and a vilification of the 1%. Of course, the 1% don't do themselves any favors as they don't even try to hide their collusion with our corrupt government to take all the spoils of crony capitalism. So increasingly we have a corrupt and intrusive government that takes from people to give to others. And make no mistake, the lion's share of the redistribution is from the 99% to the 1%. Of course, the Dems will make a lot of noise about how they help the poor, but then they don't prosecute the rich when people like Corzine steal $2B dollars from people's brokerage accounts. It's a joke. At the root of all this evil that hits the 99% the hardest is a corrupt monetary system. If we had honest money and honest taxation, then many good things would flow from that. This is not speculation, but just a reading of history. When this country had honest money, GDP growth was enormous and massive wealth flowed into this country and the majority prospered. When we decided to centrally plan our economy and destroy the value of the dollar, it's resulted in an increasingly authoritarian state, low growth, persistent economy malaise, and increasingly ponzi like economics that mostly benefits the 1%. You ask why I focus on money printing, the Fed, and banks so much, well that's why. They are at the root of so many evils that haunt the 99% in this country. Money is at the root of a vast majority of the evils that man commits against each other.