popper wrote:I_Like_Dirt wrote:America does have a spending problem. The real trick, though, is the kind of value for dollar they're actually getting, and on a lot of fronts, it isn't very good. The solution may include reducing, and likely at the very least restructuring entitlements, but there needs to be a bit of a hard look at why the value for dollar isn't there anymore.
Capitalism is great, but at its core, it's basically an economic system powered by greed. That isn't actually as bad as it might seem on the surface, but it requires a check to it, and that check absolutely is a functioning government. I'd suggest that government has ceased to function nearly so well relatively recently thanks to capitalism seeping into the system, which is not desirable in the same way it isn't desirable to have the government seep into business. It's a tricky distinction, too, because the governments job is to regulate capitalism, but not control it or save it or hinder it, while capitalism as a force clearly has an incentive to try to gain access to government. It really isn't hard to see how Trump the businessman is benefiting from being president. How big of an issue that is can be debated, but the reality is clear.
There are a lot of forces at play, though, and I couldn't hope to capture them all. Automation is increasing the disparity between the well-off and those not so, and shifting the numbers away from the well-off. Those well-off, except for a few super wealthy, aren't necessarily doing wonderfully, either, and so bristle at the idea of helping those falling behind. That's going to change, though. Automation is eventually going to hit sectors like law, medicine, pharmacy, engineering, etc., too. Then what?
I'd actually suggest that we need a long, hard rethink of capitalism. That doesn't necessarily mean socialism or communism or that we need to do away with capitalism completely or anything in particular, but we need creative ideas and we need them soon, because the economic structure we currently have in place isn't going to work for another century, and it's going to cause an awful lot of social upheaval on an awful lot of levels as people's base beliefs they keep hidden come out more in order to justify their secret belief that they're really better than most of society, so when things go relatively poorly for them, they should go worse for others. We're seeing it already.
We do need a rethink. I believe it was Pres. Wilson in 1913 that facilitated passage of the 16th and 17th amendments (Federal Reserve too I think.) With passage of these two amendments our a glide path to profligate spending and outside corrupting influence on govt. were baked in to the system. If we want to have any hope of turning things around we should repeal the 17th amendment first and then sometime later figure out a self-limiting way of funding govt. (the role that tariffs played prior to 1913.) I won't hold my breath though. Too many powerful people are raking in the cabbage at the expense of current and future taxpayers. I wish I could be more optimistic.
yes that POS Wilson passed the federal reserve act essentially turning our country over to the Rothschild banking cartel. This was the beginning of the end. And all of our fore father save that original POS Hamilton knew the dangers. 2 of the worst president of all-time just due to their clamoring for the central banks.
Some things should always remain under state control especially the money supply given a sovereign country can provide a stable economy. Once we let europeans control the money supply we were screwed. we sold the country right there.
in terms of rethinking capitalism. I agree. Why are we still on a gold back currency which makes it harder to create a free and flowing money supply as gold has a limited money supply. We weren't suppose to end up (
entirely dependent on) money. The original intent of "money" was to create an easy and stable way to exchanged goods or labor. Historically, various regimes/empires, like King George of England and his tally sticks, have used various forms of currency and made that currency abundant. Problems aka recession and depressions seem to only occur when the money supply is silver or gold backed. When the money supply is made abundant like tally sticks were, economies flourish. when the money supply is constricted we end up in recessions and depressions.
Just think for a second: if everyone had enough "money" to exchange goods and services and the value of that money wasn't diminished, the economy would flourish. Good and services would flow freely. it really is that simple. the problem is that their would be no "poor." without the "poor" there would also be no "rich." We cant have that!!!
getting back to the point you made on the federal reserve act. Original board members Morgan and Rockefellor were funded by whom? Rothschild. Why was european born and Rothschild baking agent JP Morgan even allowed to essentially write the charter for the fed reserve. It's disgusting. Woodrew wilson (and congress) sold us out right then and there to the european banking cartel. this was the 3rd and final try. It stuck. It's now "too big to" get out from under. they own our entire economy and have been allowed to implement their central banks the world over. whoever buys your debt or lends you money owns you. Think about it. "what do you need the money for? oh sure! here you go. just do this one thing more me first." there is no reason for the U.S.A. to borrow money from anyone, let alone international bankers who have international interests. This goes against all common sense thinking on foreign policy...especially considering we can print our own money and successfully have done just that in some of the most flourishing era's of our history. eg. greenbacks. Lincoln used the greenback to keep the north funded. The united states simply printed money not backed by gold or silver. just the confidence of the united states government.
As you know Lincoln was assassinated by a rando dude. Not unlike kennedy, assassinated by a rando. Andrew Jackson who battled alexander hamilton's attempts to form a central bank and crushed the first incarnation of the european central bank and delayed future attempts faced attempted assassination also by a rando dude as well.
think about it.
like i said, its a full rebuild.
