Debt is Pushing the US Into Fascism

[harmonica]

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

Got a link?
White supremacists kill for racial motives while black on black crime stems from survival instincts.

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

"'Supremacists make propaganda warning of an alleged great replacement of whites in the same way jihadis talk about supposed war against Islam,' he said. 'White supremacists support violence as an appropriate way to defend the purity of the race just as jihadis use violence to protect the purity of the religion. Both the groups recruit followers and reinforce their messages through social media. While jihadis make online videos supremacists post online manifestos.”

"'Where jihadis travel to fight in places like Syria and Afghanistan, white supremacists now have their own theater in which they learn combat: Eastern Ukraine. Recent research showed that around 17,000 foreigners from 50 countries including the United States have gone to fight in that conflict.'"

yes I do

Offenders

ucr.fbi.gov

''survival''' [ hahahahahah ] so blacks murdering is ok???!!

blacks also commit HATE crimes at TWICE the rate of whites
and LINK--this is not MSM--but FACTS:

Offenders

ucr.fbi.gov

AND blacks murder whites at TEN times the rate of vice versa
link!!!!

Expanded Homicide Data Table 6

ucr.fbi.gov

 

[kaz]

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

This is the definition I'm working with, what about you?

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

“Fascism merges private capitalism and the state. Political power then enforces capitalism’s basic rules: the economic dominance of the major shareholders and their top directors and managers...”

"The fascism taking shape here is not primarily the crude political theatre that today’s wannabe fascists offer.

"The Trump regime’s courting of white supremacists and other extreme nationalists, its virulent scapegoating of immigrants, Latinx, and African Americans, and its encouragement of police repression are too often counterproductive.

"Those symbols are similar enough to many of 20th-century fascism’s horrors that they are too easily recognized as dangerous.

"Today, the United States moves more quietly and more effectively toward fascism via its fast-evolving credit system. It’s time to expose borrowing as a path to fascism."

It's that leap from borrowing to fascism that doesn't make any sense

 

[22lcidw]

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

We don't want to admit it. but our wages and benefits in a good percentage of jobs does not help when included with the massive social programs. A woman who gets a few months of paid leave for giving birth to a child is making more money just in that then a Chinese worker for a year helping to put out a quality product.

 

[j-mac]

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.

Possibly because you know nothing about his qualifications?

Richard D. Wolff - Wikipedia

"Wolff earned a BA magna cum laude in history from Harvard in 1963 and moved on to Stanford—he attained an MA in economics in 1964—to study with Paul A. Baran.

"Baran died prematurely from a heart attack in 1964 and Wolff transferred to Yale University, where he received an MA in economics in 1966, MA in history in 1967, and a PhD in economics in 1969. As a graduate student at Yale, Wolff worked as an instructor."

And has pushed Marxism ever since he gained his first degree....He is a documented Marxist...His credentials don't outweigh the strength of my argument.

 

[georgephillip]

You make a dollar you pay taxes you spend a dollar you pay more taxes. You buy a home with that dollar you pay taxes on it the rest of your life. You die you pay taxes on that dollar you had. Where does all this money that is generated through excess taxes go? It certainly is not listed in the budget our tax income is FAR greater then what is reported and spending is WAY higher.

Today money is created on a spreadsheet and then spent into existence. IOW, spend first then use taxation to fine-tune inflation.

https://bsahely.com/2018/09/25/mode...uthority-john-laurits/#How_Modern_Money_Works

"Just as modern money is created from nothing by spending it into circulation, money is destroyed through taxation.

"The ‘taxpayer dollar’ funds nothing — it is deleted from the money supply, nothing more.

"Taxes do not fund spending because it is impossible for a monetarily sovereign government to need its citizens’ fiat paper to alter numbers in a spreadsheet.

"Taxation’s most important function is to generate a base-level of demand for the currency by ensuring those who benefit from participating in the nation’s economic production or commerce must also use some of its currency.

"Since taxation removes currency from circulation, taxation is also a lever to fine-tune inflation."

 

[miketx]

Is the US borrowing its way to Fascism?

20th century versions of the merger of state and corporate power (Germany, Japan, Italy, and Spain) interacted differently in each country's particular history and conditions.

If it comes here, the Federal Reserve will play a key role:

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

"Today’s crisis-ridden capitalist economy is more dependent on credit than at any time in the system’s history.

"More than ever, credit sustains the purchasing power of consumers and of government programs.

"Capitalists depend on that purchasing power..."

"Once it was mostly private entities—rich families, banks, insurance companies, and pension funds—that were the chief lenders to corporations. They bought and held the corporate bonds and IOUs.

"Now those private lenders increasingly sell their corporate bonds to the Federal Reserve.

"That happens when the corporate loans get packaged into asset-backed securities sold to the Federal Reserve.

"More recently, the Fed has undertaken the market purchase of exchange-traded funds (ETFs) composed of corporate bonds and of corporate bonds direct from their private issuers."

Some Things Never Change
View attachment 387406
Renegade Inc - Michael Hudson: He died for our debts, not our sins | Brave New Europe

you vermin are doing it.

 

[georgephillip]

Nope

Yep.

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

 

[georgephillip]

Gold is money. Knapp is a moron.

Is gold a currency?
It isn't very durable; it's hard to transport, easy to counterfeit, and it's a variable store of value.

https://bsahely.com/2018/09/25/mode...uthority-john-laurits/#How_Modern_Money_Works

"The first thing to understand is monetary sovereignty — a nation is monetarily sovereign if it has exclusive and unlimited authority to issue its currency.

"Since fiat money issued by a monetarily sovereign state isn’t fixed to the value of anything else, its government cannot run out of money because it creates money from nothing by spending it into circulation.

" Full stop.

"This does not mean the government should spend infinite amounts of its money — but it technically can."

 

[georgephillip]

Yes, that's what it claims, but it fails to prove it. That's why it's Voo-Doo. Its definition of "authoritarian" is entirely arbitrary, and it fails to prove that the test they devised is evidence of the personality trait.

What's your definition of "authoritarian"?
How is it different from this one?

Definition of AUTHORITARIAN

"Definition of authoritarian

"1: of, relating to, or favoring blind submission to authority
had authoritarian parents
2: of, relating to, or favoring a concentration of power in a leader or an elite not constitutionally responsible to the people"

 

[georgephillip]

AND blacks murder whites at TEN times the rate of vice versa
link!!!!

Your links conflate street crime with political terrorism...
like this:

Oklahoma City bombing

White terrorists pose a bigger threat to US national security than Black thugs.

 

[harmonica]

AND blacks murder whites at TEN times the rate of vice versa
link!!!!

Your links conflate street crime with political terrorism...
like this:

Oklahoma City bombing

White terrorists pose a bigger threat to US national security than Black thugs.

white terrorists murder less than 10 per year
blacks murder over 3000 per year hahahaahahahah
no conflating at all--that's the FACTS--which you have not listed ANY!!!

 

[georgephillip]

t's that leap from borrowing to fascism that doesn't make any sense

For thousands of years creditors have impoverished their societies by inflicting debt that multiplies far faster than any productive economy can pay it off. The current pandemic has only made this historical reality even more deadly:

How an "Act of God" Pandemic is Destroying the West | Michael Hudson

"We are seeing the consequences of Western societies painting themselves into a debt corner by their creditor-oriented philosophy of law.

"Neoliberal anti-government (or more accurately, anti-democratic) ideology has centralized social planning and state power in 'the market,' meaning specifically the financial market on Wall Street and in other financial centers."

 

[georgephillip]

A woman who gets a few months of paid leave for giving birth to a child is making more money just in that then a Chinese worker for a year helping to put out a quality product.

Some of those Chinese workers are committing suicide because of their working conditions. I suppose it depends on which side of the struggle between human rights and property rights you come down on?

Foxconn says investigating labor conditions at China factory used for Amazon

 

[georgephillip]

We don't want to admit it. but our wages and benefits in a good percentage of jobs does not help when included with the massive social programs.

We also have relatively unregulated financial markets that contribute to widening economic inequality:

Causes of income inequality in the United States - Wikipedia


"U.S. inequality from 1913–2008.[1]
Income inequality in the United States grew significantly beginning in the early 1970s,[2][3][4] after several decades of stability.[5][6][7] The US consistently exhibits higher rates of income inequality than most developed nations, arguably due to the nation's relatively less regulated markets.[8]

 

[georgephillip]

And has pushed Marxism ever since he gained his first degree....He is a documented Marxist...His credentials don't outweigh the strength of my argument.

The strength of your argument depends on how much you know about Marxism.

Marxism and socialism

"3. What is the Marxian definition of corporation? How is it different from the mainstream definition?

 

[Andylusion]

Is the US borrowing its way to Fascism?

20th century versions of the merger of state and corporate power (Germany, Japan, Italy, and Spain) interacted differently in each country's particular history and conditions.

If it comes here, the Federal Reserve will play a key role:

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

"Today’s crisis-ridden capitalist economy is more dependent on credit than at any time in the system’s history.

"More than ever, credit sustains the purchasing power of consumers and of government programs.

"Capitalists depend on that purchasing power..."

"Once it was mostly private entities—rich families, banks, insurance companies, and pension funds—that were the chief lenders to corporations. They bought and held the corporate bonds and IOUs.

"Now those private lenders increasingly sell their corporate bonds to the Federal Reserve.

"That happens when the corporate loans get packaged into asset-backed securities sold to the Federal Reserve.

"More recently, the Fed has undertaken the market purchase of exchange-traded funds (ETFs) composed of corporate bonds and of corporate bonds direct from their private issuers."

Some Things Never Change
View attachment 387406
Renegade Inc - Michael Hudson: He died for our debts, not our sins | Brave New Europe

Sure, lets reform entitlements which currently make up 3/4ths of the entire budget.

Which politician would you claim, will tackle entitlements, and reduce government spending?

 

[Andylusion]

We don't want to admit it. but our wages and benefits in a good percentage of jobs does not help when included with the massive social programs.

We also have relatively unregulated financial markets that contribute to widening economic inequality:

Causes of income inequality in the United States - Wikipedia


"U.S. inequality from 1913–2008.[1]
Income inequality in the United States grew significantly beginning in the early 1970s,[2][3][4] after several decades of stability.[5][6][7] The US consistently exhibits higher rates of income inequality than most developed nations, arguably due to the nation's relatively less regulated markets.[8]

I don't have a problem with inequality.

If Warren Buffet were to lose half, or three fourths, or even 90% of his "share".... name one poor person anywhere on the planet that would be better off?

None. No one would be better off. How do I know this?

In 2007 crash, and during the 2020 crash, the top 1% lost tons of their "share" of the wealth.

Please name the poor or middle class people that were spontaneously better off?

You can't. Because there were none.

Pointing at inequality helps no one. So why do you care about inequality? Because you have a greed, and envy based system of beliefs.

 

[j-mac]

And has pushed Marxism ever since he gained his first degree....He is a documented Marxist...His credentials don't outweigh the strength of my argument.

The strength of your argument depends on how much you know about Marxism.

Marxism and socialism

"3. What is the Marxian definition of corporation? How is it different from the mainstream definition?

The strength of my argument is the constitution...And that is what we are governed by.

 

[georgephillip]

you vermin are doing it.

https://www.buzzfeednews.com/article/maryanngeorgantopoulos/trump-immigrants-vermin-infest

 

[georgephillip]

white terrorists murder less than 10 per year
blacks murder over 3000 per year hahahaahahahah
no conflating at all--that's the FACTS--which you have not listed ANY!!!

What does the FBI say?

FBI and DHS Warned of Growing Threat From White Supremacists Months Ago