Debt is Pushing the US Into Fascism

[georgephillip]

It could be argued that our debt isn't really capitalism- except that the fed gov't makes US Fed Reserve Notes Legal Tender- the Legal Tender is just "official" fake money. It's value is based solely on the fruit of producers of wealth output.

Are you making any distinction between money and currency?

Currency can be thought of as a public monopoly capable of affecting levels of savings and unemployment; its value comes chiefly from its ability to satisfy taxation obligations.

https://bsahely.com/2018/09/25/mode...-opposing-concepts-of-authority-john-laurits/

"Modern Monetary Theory or Modern Money Theory (MMT) is a heterodox[1][2][3][4][5][6] macroeconomic theory that describes currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings desires."

Modern Monetary Theory - Wikipedia

 

[22lcidw]

Just lots of talk and violence by filthy dems. But that is how it starts. And OP did say 'pushing us.'

The OP says debt is pushing the US into fascism.

Do you think either major political party has a problem with that?

Progs definitely do not. Repubs may. We have lost rights over the years. In the name of safety as part of the deal.

 

[TheGreatSatan]

Democrats are fucking stupid. They have no idea what fascism is. They literally run around wearing mask assaulting people they disagree with politically, while calling themselves antifa.

 

[georgephillip]

Um ... where does the fascism part come in?

Fascism results when capitalists come to believe their system's accumulated problems {like massive levels of debt) exceed its capacity to solve them:

Richard D. Wolff - The U.S. Is Borrowing Its Way to Fascism | Brave New Europe

"The Federal Reserve now dispenses credit in historically unprecedented dimensions.

"As they keep their system going, capitalists, the Federal Reserve, and the rest of the government are feeling their way to a U.S.-style fascism.

"Step by step, they recognize their mutual dependency and sense the possibilities of credit as the cement—and perhaps the only cement—to hold an alliance among them together."

This is just one more example of creditors impoverishing their nation by inflicting levels of debt on citizens beyond their ability to pay; debts that can't be paid won't be paid, and the only question is who suffers the losses.

 

[georgephillip]

Um ... sex slavery? Did you fall and hit your head?

"...the Lord’s Prayer, ‘forgive us our sins even as we forgive all who are indebted to us’, refers specifically to debt.

“Most religious leaders say that Christianity is all about sin, not debt,” he says. “But actually, the word for sin and debt is the same in almost every language.”

“‘Schuld’, in German, means ‘debt’ as well as ‘offense’ or, ‘sin’. It’s ‘devoir’ in French. It had the same duality in meaning in the Babylonian language of Akkadian.'"

Renegade Inc - Michael Hudson: He died for our debts, not our sins | Brave New Europe

 

[Natural Citizen]

Anti-free market Keynesians rely on central economic planning and economic distortion. Keynesianism is the step right before full blown socialism. The right-wingers in the American electorate typically defend Keynesianism from behind the cloak of capitalism. Unfortunately, they canlt be blamed directly, becaus few people actually understand monetary policy and economic theory to any functional degree. And real socialists love them for it because real socialists understand that central economic planning is in their favor.

That's pretty much how it is.

So far as fascism, we have corporate lobbyists penning legislation that would mandate that you consume their products at the barrel of a government gun. We have businesses who refuse service to the electorate if the electorate doesn't comply with the will of the federal government. The usinesses are effectively doing the government's dirty work so that the government doesnlt have to fiddle aroun with legislation that they know fully well wont pass constitutional musyer. There's nothing free-market about that. The merge of corporation and state is defined as fascism. But...that, too, is part of the step that takes us straight into full blown socialism.

Keynesianism is socialism. Like socialism, it's facilitator, Keynesianism, is designed to fail. The electorate enjoys about three to four cents worth of purchasing power on the dollar now. Their savings continually robbed of its value by way of inflating the currency. Thank the Keynesians for that. They will eventually bring socialism. But, it, too, will fail. Like Keynesians, socialists cannot calculate.

 

[LordBrownTrout]

"The Ten Commandments were about debt

"People tend to think of the Commandment ‘do not covet your neighbour’s wife’ in purely sexual terms but actually, the economist says it refers specifically to creditors who would force the wives and daughters of debtors into sex slavery as collateral for unpaid debt."

Renegade Inc - Michael Hudson: He died for our debts, not our sins | Brave New Europe

Oligarchies make themselves into hereditary aristocracies which are ultimately overthrown when some families decide to erect a "big tent" and usher in democracy by taking the multitude into their camp.

Debt has been the driving dynamic of these transformations.
It polarizes wealth to create a creditor class which uses government to rule over debtors.
It has been happening here for the last 50 years.

The 10 commandments were the old law and fulfilled when Jesus was resurrected. Doesn't mean to go break the old laws but Jesus two were, love the father in heaven and love your neighbor. However, if this country did follow the commandments, we wouldn't be in the mess that we're in. Jews had a debt forgiveness program which wiped away the debt once every seven years. You probably don't like that though since you hate Jews.

 

[georgephillip]

the only ''''fascists'''' are the Dems/blacks

''''' forcible suppression of opposition'''' =UNDENIABLY the Dems/blacks
there are MANY examples of this

Fascism - Wikipedia

en.wikipedia.org

Your link:

"Fascism (/ˈfæʃɪzəm/) is a form of far-right, authoritarian ultranationalism[1][2] characterized by dictatorial power, forcible suppression of opposition, as well as strong regimentation of society and of the economy[3] which came to prominence in early 20th-century Europe ."

Can you name any far-right authoritarian Democrats or Blacks strong enough to reshape US society?

 

[georgephillip]

....the leftists/blacks ARE nazi fascists--just like the Russian hierarchy were not communists--they did not live a communistic life..they had communistic policies, but they did not LIVE a communistic lifestyle

What are you forgetting/ignoring/supporting?

White Supremacist Threat Has ‘Striking Resemblance’ to Jihadism, Experts Tell Congress – Homeland Security Today

 

[kaz]

Um ... where does the fascism part come in?

Fascism results when capitalists come to believe their system's accumulated problems {like massive levels of debt) exceed its capacity to solve them:

Richard D. Wolff - The U.S. Is Borrowing Its Way to Fascism | Brave New Europe

"The Federal Reserve now dispenses credit in historically unprecedented dimensions.

"As they keep their system going, capitalists, the Federal Reserve, and the rest of the government are feeling their way to a U.S.-style fascism.

"Step by step, they recognize their mutual dependency and sense the possibilities of credit as the cement—and perhaps the only cement—to hold an alliance among them together."

This is just one more example of creditors impoverishing their nation by inflicting levels of debt on citizens beyond their ability to pay; debts that can't be paid won't be paid, and the only question is who suffers the losses.

What do you think "fascism" means? You seem to think it means anything you don't like

 

[harmonica]

....the leftists/blacks ARE nazi fascists--just like the Russian hierarchy were not communists--they did not live a communistic life..they had communistic policies, but they did not LIVE a communistic lifestyle

What are you forgetting/ignoring/supporting?

White Supremacist Threat Has ‘Striking Resemblance’ to Jihadism, Experts Tell Congress – Homeland Security Today

white supremacists murder less than 10 per year
blacks murder over 3000 per year

 

[kaz]

Um ... sex slavery? Did you fall and hit your head?

"...the Lord’s Prayer, ‘forgive us our sins even as we forgive all who are indebted to us’, refers specifically to debt.

“Most religious leaders say that Christianity is all about sin, not debt,” he says. “But actually, the word for sin and debt is the same in almost every language.”

“‘Schuld’, in German, means ‘debt’ as well as ‘offense’ or, ‘sin’. It’s ‘devoir’ in French. It had the same duality in meaning in the Babylonian language of Akkadian.'"

Renegade Inc - Michael Hudson: He died for our debts, not our sins | Brave New Europe

OK

 

[Natural Citizen]

Releant reading...

If neoconservatives and progressives truly understood fascism, they would stop using the word as a smear term. That is because both groups, along with most political figures and commentators, embrace fascist ideas and policies.

Fascism’s distinguishing characteristic is a “mixed economy.” Unlike socialists and communists who seek to abolish private business, fascists are content to let business remain in private hands. Instead, fascists use regulations, mandates, and taxes to control business and run (and ruin) the economy. A fascist system, then, is one where private businesses serve politicians and bureaucrats instead of consumers. Does the modern American economy not fit the definition of fascism?

Fascism benefits big businesses that can afford the cost of complying with government regulations, unlike their smaller competitors. Big businesses, which have more political influence then entrepreneurs or small businesses, also significantly benefit from government subsidies. In order to maintain their power, big businesses finance the “deep state” — the network of lobbyists, journalists, think tanks, bureaucrats, and congressional staffers who work behind the scenes to shape government policy.

Obamacare is an example of fascism that is often mislabeled as socialism. Obamacare did not create a government-run “single payer" system as would exist under socialism. Instead, Obamacare extended government control over health care via mandates, regulations, and subsidies. The most infamous part of Obamacare — the individual mandate — forces individuals to purchase a product from a private industry.

Modern America’s militaristic foreign policy aimed at policing and perfecting the world is another example of fascism that enjoys strong bipartisan support. Both right-wing neocons and left-wing humanitarian interventionists claim our supposedly noble goals justify any and all actions taken by the US government. Thus, these supposed human rights champions defend preemptive war, torture, and presidential kill lists.

Many politicians supporting a militaristic foreign policy are more concerned with spreading largesse to the military-industrial complex than with spreading democracy. This is why some supposed free-market conservatives sound like Paul Krugman on steroids when discussing the economic benefits of military spending. Similarly, some anti-war progressives will support large military budgets if some of the money is spent in their states or congressional districts.

Mass surveillance and limits on personal freedom are additional hallmarks of fascist regimes. While there is a movement to “reform” the police state, few want to abolish mass surveillance, civil asset forfeiture, police militarization, and other police-state policies adopted in the name of the wars on terror and drugs. The federal government has even used force to stop people from selling raw milk! Attempts by progressives to silence political opponents are more examples of how many supposedly anti-fascist Americans are embracing fascist policies.

The growth of the welfare-warfare state has been accompanied by an increase in presidential power. This centralization of power, and the support it receives from the political class, is one more indication of the fascistic nature of our current regime. Of course, many in Congress will fight to rein in the executive branch, as long as the occupant of the White House is of the opposing party. Even the fiercest opponents of excessive presidential power instantaneously become lap dogs when their party wins the White House.

For all their alleged anti-fascism, today’s neoconned conservatives and progressives both support the use of force to reshape society and the world. This is the defining characteristic not just of fascists, but also of authoritarians. The true anti-fascists are those who reject the initiation of force. The true path to real free markets, peace, and individual liberty starts with rejecting the bipartisan authoritarianism in favor of the non-aggression principle.

Fascism: A Bipartisan Affliction

If neoconservatives and progressives truly understood fascism, they would stop using the word as a smear term. That is because both groups, along...

www.ronpaulinstitute.org

Permission is granted to reproduce the article in part or in full, provided a link to its author are included. - Ron Paul

 

[georgephillip]

Progs definitely do not. Repubs may. We have lost rights over the years. In the name of safety as part of the deal.

Both major political parties have pushed policies widening economic inequality in the US for the last fifty years:

As incomes stagnated for a majority of Americans over the last fifty years they came to rely more and more on credit (debt).

Rising levels of debt polarize society to such an extent that the richest individuals come to view fascism as a way of maintaining their lifestyles, another version of privatizing profits and socializing costs.

Causes of income inequality in the United States - Wikipedia

 

[georgephillip]

Democrats are fucking stupid. They have no idea what fascism is. They literally run around wearing mask assaulting people they disagree with politically, while calling themselves antifa.

Fascism - Wikipedia

"Fascists believe that liberal democracy is obsolete and regard the complete mobilization of society under a totalitarian one-party state as necessary to prepare a nation for armed conflict and to respond effectively to economic difficulties.[9]

"Such a state is led by a strong leader—such as a dictator and a martial government composed of the members of the governing fascist party—to forge national unity and maintain a stable and orderly society.[9"

The rise of American authoritarianism

 

[bripat9643]

You keep blaming capitalism for the creations of the federal government

Capitalism's survival in the US requires massive government, household, and corporate debts and their monetization by the Federal Reserve; without the federal government, there is no US capitalism.

Richard D. Wolff - The U.S. Is Borrowing Its Way to Fascism | Brave New Europe

"The system is teaching its elites about the need for transition now from capitalism to fascism. Only for many of those involved, that transition is not yet quite conscious or visible.

"Fascism is what happens in capitalism when employers feel that (1) their system’s accumulated problems exceed its capacity to solve them and (2) strong (often dictatorial) state intervention is needed for the capitalist system to survive."

No it doesn't. Only government requires spending and debt. Capitalism requires almost nothing at all from the federal government.

 

[bripat9643]

Democrats are fucking stupid. They have no idea what fascism is. They literally run around wearing mask assaulting people they disagree with politically, while calling themselves antifa.

Fascism - Wikipedia

"Fascists believe that liberal democracy is obsolete and regard the complete mobilization of society under a totalitarian one-party state as necessary to prepare a nation for armed conflict and to respond effectively to economic difficulties.[9]

"Such a state is led by a strong leader—such as a dictator and a martial government composed of the members of the governing fascist party—to forge national unity and maintain a stable and orderly society.[9"

The rise of American authoritarianism

How on earth did they measure "levels of authoritarianism?" Your post is obvious horseshit.

 

[j-mac]

Nah- you're just being a nay-sayer acting hysterically- what's a few trillion dollars amongst friends (and enemies)- ain't no thang-

Richard D. Wolff, Dear lord....A thread about walking away from Capitalism for the glory of Marxism, written by a Marxist....Why am I not surprised.

 

[Gdjjr]

the leftists/blacks ARE nazi fascists--just like the Russian hierarchy were not communists--they did not live a communistic life..they had communistic policies, but they did not LIVE a communistic lifestyle

What have the white Republicans done to reverse the trend?

 

[georgephillip]

Keynesianism is socialism. Like socialism, it's facilitator, Keynesianism, is designed to fail. The electorate enjoys about three to four cents worth of purchasing power on the dollar now. Their savings continually robbed of its value by way of inflating the currency.

Keynes believe unfettered capitalism would lead to socialism since all good capitalists seek monopoly power:

Common Myths About Keynesian Economics - Pragmatic Capitalism.

"Yes, Keynes did not favor socialism, but was worried that an extreme case of capitalism could actually lead to a socialist takeover. This makes complete sense because capitalism is inherently monopolistic. A good capitalist wants to own all of the means of production so they can maximize profits."