The Collapse of Capitalism



The last stage of capitalism is Ponzi finance…..this is a truism that always has been…and always will be. Why is this so? The answer is surprisingly simple. When an empire uses fiat and credit based money instead of real money, the outcomes will always be the same....collapse….chaos…and eventually war. Unfortunately, this collapse will be worse than most. This won’t be your Mother’s garden variety break down….rather it will be the Mother of all break-downs, since it will be widespread, worldwide, and very, very contagious.


The end of these Ponzi schemes we’ve called capitalism has always will result in bankruptcy. When credit-based economies contract, the citizens of that country are no longer able to pay the principal and interest on their debt…. and of course, this will result in an economic breakdown . It doesn’t take a rocket scientist to discover this little inconsistency with fiat money capitalist ponzi schemes… IS and always will be axiomatic.

The current system started with the Bank of England…which issued bank notes instead of using silver and gold coins. This began in essence a credit based economy which finally was transferred to the private bankers via The Federal Reserve (1913). The U.S. Federal Reserve is in essence, the bank of England in drag…..The Federal Reserve, a private institution, has controlled the supply of money for almost 100 years, and during that time, has been in essence, not transparent concerning their doings. That lack of transparency still goes on today…….

When the U.S. won WWII, the credit based system of both The Bank of England and the Federal Reserve spread to the rest of the world, and with that spread, the debt of citizens and nations due to compounding of debt rose into the trillions of dollars.


The reckoning we face is almost biblical in nature, for it won’t just impact one country, this reckoning will impact the whole, wide, world.

What are the fundamental truths that must be learned here? Is there a moral to this most tragic story? Well, from what I gather as a observer over more than two decades, I see these truths. The first truth is that there is a price to be paid for everything we do on this planet…whether it be making a purchase, or whether it involves some kind of risky behavior. There is no such thing as getting something for nothing….since all bills, in the end, will be paid, one way or another.


The reckoning that we face will be all pervasive. The government’s too big to fail policy will be found flawed, and wanting. We can then expect these things to occur as the landslide to depression increases.

A Few Predictions

1. Corporate tax rates will rise.
2. We can say farwell to the welfare state….government spending will be slashed in half.
3. Eventually, the FDIC will abandon guarantees will be abolished, since so many banks
4. will be on the docket for failure.
5. Treasury guarantees will go uncovered.
6. Military spending will be slashed to bare bones…this will happen as if out of the blue.
7. Thirty percent of government workers will be fired…..
8. Outlays for healthcare and pensions will be trimmed to the max……
9. Older citizens will not be able to receive critical healthcare during those last years.
10. The poor will be looked down upon…and the Poor Houses that were so common in the 1800’s will make a comeback.

I guess I could add to this list ad infinitum, however, there is no need to bore the reader with all these grim details. By this time, y’all get the picture quite clearly, I presume.

I will end this article with a quote from Abraham Lincoln.

“At what point then, is the approach of danger to be expected? I answer, if it ever reach us it must spring up amongst us: it cannot come from aboard. If destruction be our lot we must ourselves be its author and finisher. As a nation of freemen, we must live through all time or die by suicide.”

Docfung…over and out/.

Modest Proposal – Eat the Rich!

http://endofcapitalism.com/category/collapse/



Today, Democracy Now! reported that two major records have been broken in 2009 – Wall St. profits ($35.7 billion in the first half of the year), and the number of Americans going hungry (50 million). These two seemingly unrelated tragedies immediately suggest a common solution – carve up the bloated hulks of Wall St. swine and serve them up to the American people!

On Tuesday, the NY Comptroller’s Office released a report showing that “broker-dealer operations of New York Stock Exchange member firms earned a record $35.7 billion in the first half of 2009.” Through September, $22.5 billion in profits were reported from the four largest firms alone —Goldman Sachs, Merrill Lynch, Morgan Stanley, JPMorgan Chase. These are the same banks who got bailed out by the Federal Government last year – which means that taxpayers like you and I paid for these creeps’ bonuses.

Not coincidentally, these obscene profits were recorded at the same moment that the Department of Agriculture released a report showing that “nearly 50 million people — including almost one child in four — struggled last year to get enough to eat” (as written in the Washington Post on Monday). While the economy has been in the tank and unemployment has surpassed 10% officially, food prices have been skyrocketing, and so millions more Americans are being forced to go without needed nutrition.

Why isn’t it a coincidence? Because the crooks who sent global markets into a freefall last September, causing millions to lose their homes and jobs, have been rewarded for their bad behavior with preferential treatment from Uncle Sam. These Wall St. piggies have been gorging themselves on trillions of U.S. Federally approved dough, while regular folks struggle to pay the rent or put food on the table – without so much as a measly health care reform bill to give hope to their deteriorating condition. Now 1 out of every 4 of our kids are going hungry while the government subsidizes the very stock market slimeballs responsible for creating the trouble to begin with.

“Where’s OUR bailout?” struggling folks are wondering, as they see food prices climb and jobs shipped overseas by the day. 50 million folks are wondering where their next meal is gonna come from… and it’s time to entertain innovative, cost-effective proposals, even if they may seem exotic.

Well it turns out there’s one way to solve this problem without tapping the Treasury for so much as a penny!

It would bring down the cost of high-protein, high-quality food, providing much-needed nutrition to the hungry.

It could create high-paid and unionized manufacturing jobs, right here in the U.S. of A!

It would be environmentally friendly, dolphin-safe, and carbon-neutral (although there may be some associated methane emissions after the plan is implemented).

Best of all, this solution would remove the parasitic, bonus-hungry, pyramid-scheming, derivative-trading, regulation-gutting, President-advising, economy-wrecking, bailout mongers from the picture, allowing the American people to determine our economic future democratically!

And it’s so straightforward even Timothy Geithner could understand it:


Modest Proposal – Eat the Rich!

http://endofcapitalism.com/category/collapse/

November 20, 2009 in Asia, Barack Obama, Capitalism, Class, Collapse, Democracy, Economic Crisis, Food, Health Care, Housing, Jobs | Leave a comment

Today, Democracy Now! reported that two major records have been broken in 2009 – Wall St. profits ($35.7 billion in the first half of the year), and the number of Americans going hungry (50 million). These two seemingly unrelated tragedies immediately suggest a common solution – carve up the bloated hulks of Wall St. swine and serve them up to the American people!

On Tuesday, the NY Comptroller’s Office released a report showing that “broker-dealer operations of New York Stock Exchange member firms earned a record $35.7 billion in the first half of 2009.” Through September, $22.5 billion in profits were reported from the four largest firms alone —Goldman Sachs, Merrill Lynch, Morgan Stanley, JPMorgan Chase. These are the same banks who got bailed out by the Federal Government last year – which means that taxpayers like you and I paid for these creeps’ bonuses.

Not coincidentally, these obscene profits were recorded at the same moment that the Department of Agriculture released a report showing that “nearly 50 million people — including almost one child in four — struggled last year to get enough to eat” (as written in the Washington Post on Monday). While the economy has been in the tank and unemployment has surpassed 10% officially, food prices have been skyrocketing, and so millions more Americans are being forced to go without needed nutrition.

Why isn’t it a coincidence? Because the crooks who sent global markets into a freefall last September, causing millions to lose their homes and jobs, have been rewarded for their bad behavior with preferential treatment from Uncle Sam. These Wall St. piggies have been gorging themselves on trillions of U.S. Federally approved dough, while regular folks struggle to pay the rent or put food on the table – without so much as a measly health care reform bill to give hope to their deteriorating condition. Now 1 out of every 4 of our kids are going hungry while the government subsidizes the very stock market slimeballs responsible for creating the trouble to begin with.

“Where’s OUR bailout?” struggling folks are wondering, as they see food prices climb and jobs shipped overseas by the day. 50 million folks are wondering where their next meal is gonna come from… and it’s time to entertain innovative, cost-effective proposals, even if they may seem exotic.

Well it turns out there’s one way to solve this problem without tapping the Treasury for so much as a penny!

It would bring down the cost of high-protein, high-quality food, providing much-needed nutrition to the hungry.

It could create high-paid and unionized manufacturing jobs, right here in the U.S. of A!

It would be environmentally friendly, dolphin-safe, and carbon-neutral (although there may be some associated methane emissions after the plan is implemented).

Best of all, this solution would remove the parasitic, bonus-hungry, pyramid-scheming, derivative-trading, regulation-gutting, President-advising, economy-wrecking, bailout mongers from the picture, allowing the American people to determine our economic future democratically!

And it’s so straightforward even Timothy Geithner could understand it:

Eat the Rich!


http://endofcapitalism.com/category/collapse/

Hey Doc...your article here is SQ's 'Story of the Day 2'! I thought the computer was playing tricks on me!

Congrats!

Absolutely right Doc when you say "there is a price to be paid for everything". No free rides on this bus. The price we pay for the ponzi scheme we've been living will be unbearable for most. Good work again.

ouch

Hello Brother ouch